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

[n0ne]

The price moving around the range of $16.5k have slowly progressed crossing $17250. This growth is really needed one for now. People who have invested little earlier could've experienced the profit. Most of the users who have been waiting for the low bottom might've begun to invest by now believing that the unexpected bounce will continue.

Bitcoin investment is always profitable, it doesn't have any specific year plan for an user. It is upto the user's understanding about the market and decisions made in connection with it.

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[Woodie]

There is no one answer that fits all for these types of questions, unfortunately! Btw Crypto markets are like the weather, it can get hot(warm) at times and can get cold (cool) regardless of weather so with this analogy you need to understand that there is risk and markets don't move in the direction we intend it to move in. If you choose to invest with the intention of getting a profit be ready for the long journey as it won't be smooth sailing, but I would suggest trading it like Forex to make money off it for every pip it moves be it up or down, good luck.

[DanWalker]

Bitcoin investment is always profitable,

You should not say, so it is very misleading for newbies, bitcoin like any other investment, it can be profitable but can also be risky for us, the higher the return, the higher the risk.

If OP likes high returns and is willing to take risks, then bitcoin is a perfect choice, but if you don't like risk, its not for you. Currently, bitcoin price is showing signs of recovery but I am not sure if it can last or will rise to higher highs, you shouldn't mind such short term prices. To profit from bitcoin, you need to have a long-term vision, not such short-sightedness. I think knowledge is what you need at the moment, not an instant investment.

[buwaytress]

If you're looking to make profit this year, I wouldn't suggest Bitcoin. It's a proven tech, a proven asset -- but only speculators make money in the short term. Be prepared to view 1/2 years as short term, and a halving cycle (supply rate adjustment every 4-5 years) as a medium-term time frame, and much longer than that as long-term. I've only had Bitcoin since 2016 and I see myself as maybe midway through a medium-term assessment.

[Asiska02]

Bitcoin is sure worth an investment if you consider it for a long term, asides that you might end up being disappointed with your investment in it. If you suggest to earn a lot of profit from it this year then I might consider it practically or partially impossible because you’ll end up being dissatisfied more and lose hope in bitcoin. Unless you want to make a partial sell of it at bull run, then you’ll get some significant profit from it.

Initially you mentioned you don’t have a knowledge about bitcoin. That’s is what is the most important for you to do at the moment before taking any step into its investment. Lack of knowledge and understanding of the bitcoin market can only lead to high expectations and which will ultimately leads to disappointment. To begin, gain sufficient knowledge and understanding of bitcoin to avoid future disappointment.

[inthelongrun]

Welcome to the world of bitcoin mate. 2023 is a good start in investing in bitcoin. Make a DCA or dollar-cost-averaging, I am buying bitcoin monthly. Take note that next year is already the halving year. There are no bad years in the halving history of bitcoin. And it is always the following year after the halving that the price of bitcoin reaches higher than its halving year. My plan is to buy bitcoin monthly until the halving year only.

But before investing. Of course, you need to learn and understand what is bitcoin. It is also a must that you understand how to secure your bitcoins as there are a lot of scammers online. Avoid entertaining direct messages from strangers since everything you need to ask is available in this forum.

[QueenVera]

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 investor just coming into a new market, always start small. Don't be in a rush to make profit there by investing an amount that you could go crazy if the market dip. Bitcoin is very volatile so if you aren't investing for a very long time then don't invest too much at a time. Invest small amount of money instead so you can always buy whenever the market dips further.
This method is called dollar cost averaging and have been found to be a very profitable way of investing. Most people that are successful at investing uses dollars cost averaging. Next you should not that what people call diversifying on the forum isn't correct.
Don't buy Bitcoin them go buy altcoins and think you're diversifying, that's incorrect as all asset in this market tend to move in the same direction. If you want to diversifying then do that outside the cryptocurrency market like Real estate or forex market.

[TalkativeCoin]

I would probably set up a reoccurring monthly purchase and leave it be. This kind of investment is for the long run, or at least BTC is at this stage.

For everything else, you can try playing with altcoins in terms of trying to make some profit in the shorter term, but that obviously comes with a grater risk.

[Leviathan.007]

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.
Graph of the Bitcoin market right now.

From the title of the topic you write, I could guess that you are new in the bitcoin market and a new investor, yet that's too soon to say how 2023 will be because most of us don't even have any information about what's going to happen even in a few weeks and until today just 10 days passed from the year of 2023, so we cannot say anything about it yet. but from what we saw during these years depending on how you aim every year can be profitable for investing on bitcoin if you are aiming for the long term.

[Desmong]

I would probably set up a reoccurring monthly purchase and leave it be. This kind of investment is for the long run, or at least BTC is at this stage.

For everything else, you can try playing with altcoins in terms of trying to make some profit in the shorter term, but that obviously comes with a grater risk.

This is new year and we don't know how the market is going to move this time with the hope that everything is going to be fine.
We need to learn to keep investing in Bitcoin in as much as we have the capital to buy more Bitcoin and our finance wi nit affe y other persons.

[romero121]

Invested on the end days of 2022 have made 2023 to be profitable.
The market is slowly moving forward. We don't know how things could change. Lets stay positive with the market. Investing into bitcoin at the moment is really good. Right now the market is in a situation that defines whether the price bounce or go downwards. Moving upwards makes us miss opportunity, downturn will make us have patience for the recovery. So, considering it an opportunity it is good to start DCA.

[Bitcoin_people]

From the title of the topic you write, I could guess that you are new in the bitcoin market and a new investor, yet that's too soon to say how 2023 will be because most of us don't even have any information about what's going to happen even in a few weeks and until today just 10 days passed from the year of 2023, so we cannot say anything about it yet. but from what we saw during these years depending on how you aim every year can be profitable for investing on bitcoin if you are aiming for the long term.

I am not ready to invest for a long time right now.  Currently I have some money with which I trade to make some more money and then prepare to buy and hold bitcoins for the long term. I think buying bitcoins at present is definitely profitable but I need to be patient enough.  But I don't have that much patience right now so I want to invest in Altcoin with a small amount first. And later invest some profit from here in Bitcoin for long time.

[uneng]

But now in 2023 the market is increasing again little by little.

Bitcoin is fighting to stay above the 17,000$, but it's still too early to call it a support level, I think...

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?

You are the best person to answer this question. Bitcoin is a risky investment, so it's advised to only invest money you can afford to lose and that you aren't going to need on the next years, neither for emergencies. If you have a lot of money under this condition, you can buy a large chunk of BTC. It's up to you. Just make sure to hold your coins in a safe spot, preferentially in a cold Ledger or Trezor wallet, what means an extra investment is needed in order to purchase it as well.

[TOM B]

There will not be much profit in 2023. Many experts say that the economy will not look good in 2023. Because the US dollar has raised interest rates, various countries have experienced economic recession. I think it is good that Bitcoin can maintain this price.

[bitzizzix]

From the title of the topic you write, I could guess that you are new in the bitcoin market and a new investor, yet that's too soon to say how 2023 will be because most of us don't even have any information about what's going to happen even in a few weeks and until today just 10 days passed from the year of 2023, so we cannot say anything about it yet. but from what we saw during these years depending on how you aim every year can be profitable for investing on bitcoin if you are aiming for the long term.

I am not ready to invest for a long time right now.  Currently I have some money with which I trade to make some more money and then prepare to buy and hold bitcoins for the long term. I think buying bitcoins at present is definitely profitable but I need to be patient enough.  But I don't have that much patience right now so I want to invest in Altcoin with a small amount first. And later invest some profit from here in Bitcoin for long time.

Do you think altcoins will be profitable, and do you know for the most part that the movement of altcoins will depend on the movement of bitcoin, and if bitcoin doesn't go up, neither will altcon.
the best in my opinion, you still buy bitcoin within your means even in small amounts, and if you do it gradually and regularly your bitcoins will become a lot and aim for the long term. And also buy with money that you can afford to lose, but it's all up to you, maybe you know which atlcoin is profitable according to you without following the movement of bitcoins, that's your right.

[usekevin]

Every year bitcoin move to the new hand of the people and new people get into the crypto currency.Even the price of bitcoin was reduced and pump every time.The investors come to the crypto currency for their digital assets.When the market bounce to reverse,the huge pump and dump was enough in the market.So both can be used to gain some good profit from it.When you analysis the market,it was very clear that both the investment and trading of bitcoin was the profitable one.Most of the traders are day time traders now,they will make the investment and get the margins and sell their assets.Whenever we gain some good profit from the beginning trading will be the best option for the long term traders.When you are new and reading this thread,you should start the trade with 10 dollars.Then you won’t loss huge at the beginning.

[bitterguy28]

you are in 2023 mate so investing to this cryptocurrency isn't that bad at all because all you have to wait is small time before gaining what you are looking for(not at least over expecting lol)

so never be afraid as you are talking about Bitcoin here mate , even if there is no speed returns at least this is safest right?

Buy now mate as the price is cheap than the coming season, remember that halving will happen next year and the effect may take at least till 2025.

[ethereumhunter]

This year is still a good year to invest in bitcoin as the price has not increased very much and is still under $20k. You can use this time to start investing and you must have time to stop investing in bitcoin, especially when the price is already very high. You can use the DCA strategy, where you buy lots of bitcoins at low prices with a certain amount of money, which will help you collect more bitcoins. By regularly buying bitcoins at the current low price, you can have a lot of bitcoins and sell them when the price is very high in the future.

It is the goal of 2023 to invest according to the reasonable distribution of one's own income and to continue to learn from the forum. Adding that I spend $200 of my income to buy Bitcoin every month, I think I will have a very good income in the not-too-distant future. Whether you are a novice or an experienced person, it is the wisest choice to stay away from centralized exchanges and secondary market transactions.

The best investing year was last year because the price of bitcoin can go below what it is today. But it's okay because you are not too late to start and for those who have started, you can continue to buy more bitcoins because I predict the price will remain in this price range or there may be a slight decline.

You have a good plan to be able to invest in bitcoin and use $ 200 each month. But you really have to be able to buy at the lowest price and don't buy all-in right away because we can see that there are several lowest prices that bitcoin can reach.

[_BlackStar]

I am not ready to invest for a long time right now.  Currently I have some money with which I trade to make some more money and then prepare to buy and hold bitcoins for the long term. I think buying bitcoins at present is definitely profitable but I need to be patient enough.  But I don't have that much patience right now so I want to invest in Altcoin with a small amount first. And later invest some profit from here in Bitcoin for long time.

You need to change that mindset because bitcoin should be the main asset that is your investment choice. It doesn't matter how much you can get, but you shouldn't wait too long because bitcoin never waits for you to be ready. Indeed, you can invest anytime and at any price, but if you don't dare to take advantage of the 75% discount from ATH then maybe you just don't know what the potential of bitcoin is.

But you have the right to decide whatever you want, including trading or investing in altcoin for a certain period of time. I hope you can make profit from what you have, but I think you should get some bitcoin now.

[NicNacCoin]

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.
Graph of the Bitcoin market right now.

How much you want to invest will depend on your financial situation. If your financial condition is good then you can invest big. If your financial condition is moderate then you can invest at a limited rate. The market ended 2022 with a very poor position. However, at the beginning of 2023, the market started to grow slowly again. You can invest in Bitcoin in 2023. 2023 will be a pumping year for Bitcoin as a whole and 2024 will be a major Bitcoin halving. So, without fear of investment, invest in this instant market, the market may gradually grow from here and break the old record of Bitcoin and create a new record.