Good day to all members of this great community! I previously asked questions and received helpful answers and advice from our elders to focus and engage with different boards to learn and grow. As a newbie, I'm eager to continue learning and have another question.
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?
The source
https://azc.news/3-reasons-why-you-should-buy-bitcoin-in-october-id29080/From the little I have learnt, I think is a wrong approach for a newbie trying to figure out the right time to enter in to Bitcoin, if truly the plan is to invest and hold for a long time rather trading for short term profit, the advice I have always seen as newbie investor is to get started preferably with the DCA strategy of accumulating Bitcoin by buying frequently either weekly or monthly without considering the price points.
You are absolutely right because I don't see the reason why a newbie would want to figure out the right time to invest in Bitcoin before he or she will start to invest in Bitcoin. However just like as you have said I think it's a wrong decisions for a newbie, because normally as a newbie that really wants to invest in Bitcoin and hold for a long term investment can never think of investing in Bitcoin only on the mouth of October because as a newbie doing that we going to lead you into panicking in your Bitcoin investment.