Quote from: AYOBA on January 03, 2024, 08:49:01 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?

Investing carries a degree of risk, but as you mentioned, you should have guidance. Even though some coins are currently worth more than others, you should still learn about them before you start investing because you can start investing without knowing anything about them. Moreover, you can learn how to hold your Bitcoin and use the little money you currently have to make better investments later on.
Because you can acquire bitcoin now and be concerned about selling it later that month, anyone who does so will not make a profit, and it will still be a loss because you can identify your capital and talkless of claim the gain. If you wish to invest in Bitcoin, only invest money that you can afford to lose.

The important thing is to invest in bitcoin according to your abilities and don't follow trends or see people buying bitcoin and then buy bitcoin without clear guidelines, of course this will be detrimental, especially if you don't have the knowledge to store bitcoin safely.

Many beginners are talkative, every time the market price starts to improve, they rush to buy bitcoin with money they are not ready to lose because they hope to make a profit in the near future. Even though we know that the price of bitcoin is very fluctuating and difficult to predict, wisely when using money in investing in bitcoin you must have a clear goal, and in my opinion the goal of investing in bitcoin is for the long term. Do the dca and forget method.