Quote from: Upgrade00 on July 11, 2021, 08:17:38 PM

Quote from: Wisdom O on July 11, 2021, 08:13:07 PM

If I purchase Bitcoin now, is their any way I can profit from it from now till next year May? I am planning of using the money next year for business.

This contradicts one of the popular rules of investment; only invest what you can afford to lose.
Investing funds you actually need (or would need in the near future) puts you in a tight spot as you'll be more likely to cut your loses at price drops.
Only invest amounts you can afford to lose, you could also DCA;
• Start a real life business,
• Apportion a part of your regular profits to buying Bitcoin,
• This would be a fixed amount at a fixed time, such as weekly or monthly
This way you build your portfolio over time with less risk.

Quote from: Wisdom O on July 11, 2021, 08:13:07 PM

Should I take the risk of investing in Bitcoin now or better still put it in the bank?
Will I lose my money if I invest now?

The burden of the final decision rests on you and do not view any reply here as financial advice.
You do not lose funds invested in Bitcoin unless you sell at a loss

This is just the perfect answer to the question. If the poster takes heed to these points, by this time next year he will be back to say thank you.