Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?
Speculating if cryptocurrency is suitable investment to engage into?
Ask yourself these questions:
¡. How well do you know the crypto world
¡¡. Can you handle the risk it comes with?
¡¡¡. Do you have a side gigs to always bring you back up when you lost a trade?
If you choose to invest considering the factors above, then you should note this:
a. If you want to invest into crypto, particularly bitcoin, you should know the value of blockchain and why theory like mining and cryptography hash (decoder which receives variable length to return output of a fixed length) are of great value to its function.
b. Also, one of the important fundamentals is staying up wth crypto trending news.
After your observation about how the economic work, ask yourself "am i sure it value will ascend?", If you doubt your instincts then don't do it.
c. Be ready for market fluctuation because crypto is highly volatile.
d. It is also suggested that one should have a specific strategy on how to approach the market.