Post
Topic
Board Bitcoin Discussion
Re: How can I start investing in Bitcoin?
by
Arenga pinnata
on 12/12/2023, 10:50:34 UTC
Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?
Because market price movements are difficult for us to predict. So it's also difficult to say whether it's too late or not. So it's better to do your own research. But for me personally, maybe if you look at the long-term potential, buying now is not too late. But I don't know at the beginning of 2024. Whether the price will be very high or not at that time. But if it turns out that there is a correction in early 2024 then it might be the right time to enter and start accumulation. But I think a deep correction will be quite difficult to happen. Because there are many big agendas for 2024. Especially regarding the Bitcoin ETF which has been hotly discussed for a long time. And at the beginning of 2024 there is a schedule for this which can usually make prices rise further. But I'm also not a person who is good at analyzing. But regarding bitcoin I just accumulate and hold it for the long term.

So I think it would still be good if he started by doing his own research.