Quote from: Arenga pinnata on December 12, 2023, 10:50:34 AM

Quote from: hazelkeane on December 12, 2023, 09:47:48 AM

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.

yes, it is true that BTC price movements are very difficult to predict, and it is very good if op do op own research and research, yes, I agree, if you buy BTC for the long term, of course there is no problem, and now the price of BTC is in the range of $42,400 and it looks like you are waiting for BTC going down will be very difficult so I agree with your opinion that now is the right time to buy BTC and in addition because soon there will be a BTC halving so yes now is the right time to buy BTC, yes the news about the Bitcoin ETF is very influential so Indeed, if op buy BTC for the long term, there is nothing wrong with it and indeed op have to do your own research, and indeed it seems like we will find it difficult to find a deep correction because many people have started to save BTC for the long term and of course will not sell at a cheap price. indeed for beginners there is usually always doubt and that is a normal thing but the point is that in my personal opinion of course buying BTC at the beginning of the year is certainly not a problem and buying now is also not a problem because in my opinion the most important thing is to buy BTC before the halving because by buying before the halving of course that is the way to go the good one.