Quote from: Mate2237 on January 01, 2024, 11:11:54 PM

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?

The only guide people will give you is to invest now because the halving is come and the bull market there after but as for me the only their I will advise you is to invest according to you income. If your income is big, then you have to divide it into 4 then use one part to invest every week or month and all depends on the salary schedule of the work. Or there is another method you can use to invest in the DCA. So these are some of the good practice to invest in Bitcoin. Always know you income before investing in Bitcoin.

Yes, DCA is one of the best method and too be honest as you mentioned we should never be carried away with the current trends and popular choice because when market is good people will ask you to invest and even if it dumps by 5% they will be the first one asking you to withdraw and if we go by everyone's suggestion we will lose everything. It's better to have a calculated approach and I have tested this personally and so far it has been one of the best year of my crypto journey.