Post
Topic
Board Beginners & Help
Re: Can I invest in month of October?
by
Mpamaegbu
on 17/10/2024, 18:43:33 UTC
Which is I came across a news article stating that October is approaching and is a highly potential period for Bitcoin, suggesting it might be the right time to invest. My question is, is it advisable for a newbie who has never invested in Bitcoin before to take advantage of  October too Are there any limitations or considerations I should be aware of as a newbie?
To be frank, you don't need any article to influence your emotion to the point of making you FOMO. However, it's never late at this time to invest in Bitcoin but you won't get the same profit margin as those who invested early this year when it was about half the price it's now. This is the bull rally picking up. You may want to take your chances. After all, speculations put its price above $100k per 1BTC as the expected new ATH. We're still below $70k now. Remember that the October you referred to is perceived as a favourable month for Bitcoin and that's why in some quarters it's fondly referred to as Uptober. That's because price is expected to rally up in the month.

However, DYOR and then find an entry if you're keen on getting in. It's never too late.