Post
Topic
Board Bitcoin Discussion
Re: My advice on investing in Bitcoin
by
Bd officer
on 27/12/2024, 08:38:38 UTC
Bitcoin has gone over $100,000 this year, and some analysts are predicting even bigger gains next year.
Analysts make predictions based on previous Bullran history, so they think the price of Bitcoin will go up a lot in the coming year. As the halving took place in 2020, the price of Bitcoin increased significantly in 2021 and reached $69k. Yes, hopefully the price of Bitcoin will increase in the coming year and investors will be able to make a lot of profit. So don't invest with this goal, Bitcoin price may not increase as expected next year. So you must start investing with a plan to hold for the long term. If you invest more than you can afford to lose, it is risky. So you need to consider all aspects and invest in Bitcoin.

Is it right time to invest in Bitcoin?
You can invest anytime, but you must hold for the long term. For example, those who invested in Bullran at $69K in 2021 and held patiently are currently in profit. So, if you can hold for a long time, you can definitely profit from investing in Bitcoin at any time. However, there may be an opportunity for you to make some profits in the short term, as everyone expects the price of Bitcoin to rise significantly in the coming year.