How profitable it is possible to invest in bitcoins in the new year 2023.

[rojan]

Bitcoin always potential coin and it is better to investment on bitcoin in dip. bitcoin price now around $17000 and i think it is much dip and bitcoin price will not dump bellow $15k so this is not a bad time to invest in bitcoin. if you have enough money and if you have ability to investment then youu can bought bitcoin. but you must accept risk before bought. coz crypto investment is risky and also much profitable.

[Mustang Shelby]

Not only in Cryptocurrency, but in all other investments, it is necessary to start with small amounts and get to know the sector a little.  If you know a little about the sector, then you can have an idea about your investments yourself.  If you have come to this forum and needed to ask something, if you have discovered this forum, you must have seen that this is a forum where almost every question about cryptocurrencies is answered.  My advice to you is to spend some more time in the forum and try to understand the basic concepts of Bitcoin.  If you are going to invest in altcoins or Bitcoin later, you decide.

[slapper]

Knowledgeable investors should explore Bitcoin. Due of your inexperience, market research is challenging. Any market, including Bitcoin, has risk. Before investing, research and with a financial expert.

Start small and grow as you learn. You can test the market without any financial risk. Another alternative is hiring a Bitcoin-savvy investor or financial counselor. Ask them for financial guidance.

Remember that no one can foresee the market's exact movement, so keep a diversified portfolio and don't put all your eggs in one basket. Long-term investing is usually better than short-term volatility-based decisions

[panganib999]

As profitable as ever, simply put. People have this bias that just because an asset's price already soared up to the stratosphere, they don't stand a chance at earning massive profits from it anymore. That's just severely untrue and if you succumb to that way of thinking you are doing yourself a disservice. Imagine if everyone thought that bitcoin couldn't reach 20k, back in 2017, we wouldn't be here at all. I feel like I'm going off a tangent here but anyways, it's always profitable to invest in bitcoin, it's a very secure asset to hold for one, with a lot of potential for profits especially if you coincidentally bought some before a bull run, and ultimately just a good coin to keep in your portfolio.

[indah rezqi]

Bitcoin always potential coin and it is better to investment on bitcoin in dip. bitcoin price now around $17000 and i think it is much dip and bitcoin price will not dump bellow $15k so this is not a bad time to invest in bitcoin. if you have enough money and if you have ability to investment then youu can bought bitcoin. but you must accept risk before bought. coz crypto investment is risky and also much profitable.

Of course I totally agree that bitcoin is one of the most potential crypto assets to invest in. The risks are certainly well known and I don't think that's why people don't say it king. In the long term it is certainly more likely to get a higher price, and each cycle is something to look forward to. You have to be sure that the risk is worth the return, so don't hesitate to get more bitcoins in your portfolio in the long term.

Anyway, currently at almost $19K, that's going to be even higher in a while.

[livingfree]

I realized that it is not possible to become a good trader overnight by investing in Bitcoin for a short period of time.  Rather, if you want to earn money by investing in Bitcoin, you must analyze the market well and be patient.  Investing requires self-confidence and knowledge without which a person can never succeed in such an investment.  So I think at present time it is very good to analyze the market well and then invest in Bitcoin and invest in Bitcoin for a long period of time and make money.

That's right.

Someone who wants to be good in trading will go through several tests and experiences before can be good at it. There can be a lot of losses instead of wins and that's to be expected.

And as someone who invests in bitcoin, it's not just all about investing but you're also learning its technology, market and other aspects that do affect it and other markets as well.

[serjent05]

At the current situation of the market and being currently at a bear market, I think that investing in Bitcoin in the year 2023 is very profitable.  We all know that 2023 is the year before the halving and looking at the bitcoin price chart, the year before the halving is when the price of Bitcoin is really down.  So buying in this kins of trend is like buying at a discount.

If we look at the current ATH, the current price is somehow at -72% of its all-time high, we have seen Bitcoin breaking this ATH a year after halving so basically the lowest possible profit of those who bought Bitcoin at this price will be 3.66x (Bitcoin price at $18859) when Bitcoin starts to rally and break its ATH.

[Out of mind]

Investing in Bitcoin can be profitable if you hold it for a long time. Investing for a short period of time can never expect to make a profit. I think Bitcoin market will not grow that much in 2023 but 2024 is the most likely to grow in Bitcoin market. So at this moment it is better to not lose patience and invest in Bitcoin and hold on.

[Inwestour]

Of course I totally agree that bitcoin is one of the most potential crypto assets to invest in. The risks are certainly well known and I don't think that's why people don't say it king. In the long term it is certainly more likely to get a higher price, and each cycle is something to look forward to. You have to be sure that the risk is worth the return, so don't hesitate to get more bitcoins in your portfolio in the long term.

Anyway, currently at almost $19K, that's going to be even higher in a while.

Bitcoin has always been very volatile, the price is already 21k but it can fall as quickly as it rose. But now, as before, the price is still very attractive for buying, even if the future the price reaches ATH from its current value, then your investment can already be considered very successful.

That what we are seeing now seems too manipulative, I doubt that it will continue further and reach large values, most likely after this local growth the price will fall again for a while.

[Sakanwa]

It is legally right now to invest in bitcoin because no year or time is ever late for it,if you do start bitcoin investment now with an high level of experience investor now you will have a good result from it .
What is there is you just need a matter of time and devoting yourself,give it the time and attention.up coming bitcoin investors are to be very smart and creative as well.
You investing in bitcoin in the year 2023 it a big privilege for a beginner to fine and experienced investor so as to teach you how to invest wisely and get profit, you can start with any capital but I think the best is starting with a lot of capital on so it will be easier for you to see your profit quick.

[savetheFORUM]

I am interested in investing but I don't have that much experience in investing and am not able to gain good knowledge by doing research. I saw the Bitcoin market was very dumping in late 2022. But now in 2023 the market is increasing again little by little. I am very interested to invest right now if I get the help of a good investor then I will invest in this market. I am looking for a good experienced person advice for bitcoin investment. So that I can profit from investing Bitcoin wealth in 2023. Can't get much idea about the market. How should I start investing right now, should I start with a small amount of money or should I start with a lot of money? Those who have good knowledge about investment will definitely help me in this regard.

As a new member of the forum and new in bitcoin and crypto world generally, my suggestion for you is that you don't rush in investing in crypto. Because knowledge and understanding are the most important for investing in crypto. So, you should first start learning and gaining knowledge about bitcoin and market sentiments.

Once you gain 'sufficient' knowledge next important thing is strategy. You need to play smart and make your strategy of investment and fund management.

Now coming to the question that is it still profitable to invest in bitcoin then my answer is it depends. It depends on how you invest  your bitcoin in what places and which what strategy. You can still get profit if you use them properly with proper knowledge and planning, otherwise there are chances of loss as well.