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

[Kakmakr]

First of all..... Bitcoin is not an investment.

Bitcoin is a technology that can be used as a currency or payment method ...and as a bonus, you can hoard some coin to see if the price goes up.. from where you bought it... and then you can make some passive profit. (The main goal of owning Bitcoin ..is not to make a profit, but rather to use it as a currency)

You might ask... Why do we need an alternative payment option.. or currency? Answer : Because our primary currency are centralized and manipulated by governments and we see how governments fail their citizens all over the world. ((Example : Zimbabwe (Hyper inflation) or the 2008 Banking crisis ..where Banks were bailed out with tax payers money to pay for Bankers mistakes and fraud))

[1715263082]

1715263082

[1715263082]

1715263082

[1715263082]

1715263082

[1715263082]

1715263082

[Lucius]

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.

In other words, do you want to make a quick profit and do you think that you will achieve this by investing in altcoins? Of course, there are coins that achieve 30% or more growth overnight, but these are pump&dump schemes in which beginners have nothing to look for, because sooner or later they will lose everything they have invested and earned.

In addition, it is not difficult to notice that the desire to invest strongly increases as soon as the market moves slightly in a positive direction. Everyone thinks that this is a sign of a new bull run and that they will make some money quickly, and on the other hand, only a few months ago you could buy Bitcoin below the level of $16k.

[SamWebster84]

Buy when there is blood on the streets! Now, in my opinion, is a good time to begin accumulation for a long term hold. Just do not go all in at once!

[Smartprofit]

First of all..... Bitcoin is not an investment.

Bitcoin is a technology that can be used as a currency or payment method ...and as a bonus, you can hoard some coin to see if the price goes up.. from where you bought it... and then you can make some passive profit. (The main goal of owning Bitcoin ..is not to make a profit, but rather to use it as a currency)

You might ask... Why do we need an alternative payment option.. or currency? Answer : Because our primary currency are centralized and manipulated by governments and we see how governments fail their citizens all over the world. ((Example : Zimbabwe (Hyper inflation) or the 2008 Banking crisis ..where Banks were bailed out with tax payers money to pay for Bankers mistakes and fraud))

In my opinion, you can invest in any asset that has the potential to rise in price. 

If we believe that Bitcoin is a worthy alternative to the modern financial system, then we can conclude that Bitcoin (as a financial asset) has the potential to rise in price in the future. 

At the same time, its price dropped from a record $69,000 to $17,000.....

If we believe that Bitcoin is good money, then it makes sense to buy it now and expect its price to rise in the future.  That is, we consider Bitcoin (a means of payment) as a classic investment.

[KingsDen]

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.

Welcome to the world of bitcoin.
Quickly, I'll like to give you an advice. When investing in Bitcoin remove the mindset of get rich quick or wealth. I will not guarantee you that bitcoin will make you wealthy but it can make you comfortable.
Bitcoin can only make you super rich if you are rich already and willing to invest much now.

For your question, this is the right time to invest in bitcoin but in order not to miss out, I'll advice you to divide the money you wish to invest into two, buy bitcoin with one and study bitcoin and other cryptocurrency well before you will invest the remaining money.

[Sayeds56]

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.

If you don't want to give enough time to study, then doing a long-term investment in Bitcoin might be a good idea, we're pretty much at the bottom if you compare it to the past year (though it might still go lower, who knows). If you're unsure of that and want something more, well, backed up, copy trading is also a thing. If you're not familiar, the term says it all, you copy the trading strategy of someone else that they provided. It's not a guarantee that it's effective though so do be careful when studying and judging those available ones.

As for the money, start with what you can afford to lose, no matter how big or small. It's an investment, a risky one, so only use what you can risk.

It is true that Bitcoin appears to be bottomed out and price are low for long term investment particularly for those who don't have  time to to keep track of market on regular basis.
Though it is difficult to forecast Bitcoin price for the year 2023 with precise accuracy because many factor influence it, including situation of overall world economy, level of Bitcoin adoption & monetary policy of FED, however with indication of decreasing inflation, less severe interest rate increase. Hence, it is likely that  Bitcoin market will stabilize  in 2023, it is possible that  Bitcoin price will keep moving between the range of 20-25K.

[imamusma]

First of all..... Bitcoin is not an investment.

Bitcoin is a technology that can be used as a currency or payment method ...and as a bonus, you can hoard some coin to see if the price goes up.. from where you bought it... and then you can make some passive profit. (The main goal of owning Bitcoin ..is not to make a profit, but rather to use it as a currency)

The basic idea is a currency, but then bitcoins are traded and become an investment asset because of their price volatility.
I believe most people don't buy bitcoin as a currency, but they buy and invest in bitcoin as an asset instead of other assets like gold or other metals. Also it doesn't go against what the purpose of currency is because that's how bitcoin gets value.

In countries where you can use bitcoin as legal currency, chances are that your mindset is shared by most people. But in countries where bitcoin is not legal as currency, they tend to think of bitcoin as an investment asset rather than using it as currency. Both statements have to be true, and I don't think either one is wrong.

[Frankolala]

The volatile nature of bitcoin makes it unique,and can not also assure you that this will be the time when the price will be profitable or not. Bitcoin was created for p2p transactions but people are not seeing it like that, all they are after is getting profit out of their coin and when things don't work out that way,instead the price drops and the looses, they regrets or get angry forgetting that bitcoin is for a purpose. It is a valuable assets

If you want to invest, go ahead and invest in bitcoin but don't think about a quick profit so that you don't have high expectations and gets disappointed if you don't make any profit at your given period of assumption. You said about profit this year,there is a 50-50 probability on that. Bitcoin price will surely get high along the run but not a quick,quick one.

[qwertyup23]

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.

To be honest, the cryptocurrency world is rather difficult in "accurately" predicting the trend of its prices. With its high volatility, the price may either increase/decrease without given notice. In addition to it, unlike in stocks, the trading aspect happens every minute as compared to stocks where the trading happens on a certain time.

If you want to start investing in cryptocurrency, then treat it as a normal investment. But you have to regularly check its price on the market. I know lots of people who accumulated profit even in short-term investment due to sudden spikes in its price.

As a general rule also, only invest what you can afford and lose at the same time. Be wary of current events since majority of the news affect the price of BTC in the market. Good luck on your investment, OP!

[Franctoshi]

You're very much welcome into this wonderful forum as you come seeking investment advise from experience traders/investors in this space.
However, no one is an investment advisor here and whatever information you may get here or from me only stands to guide you navigate your Bitcoin/crypto journey successfully, and it's much better you also continue to do your own research (DYOR) as you've have stated you've done some researches.


To start with , I suggest getting more knowledge about Bitcoin is very important because there are things you need know relating to Bitcoin before investing, Things like the security aspect of Bitcoin, basically how to store it safely in a wallet like Electrum wallet, ledger nano wallet (self custody and avoid storing in an exchange), and you need know how to carry out Bitcoin transaction  (Buying and selling) to actually begin with Bitcoin.

Lastly, Dollar cost averaging (DCA) is always the best method to accumulate some Bitcoin.

[cloirecrom]

if you can hold it long term till next bull run maybe 2024/2025. than go for it.
as how much profit. no one can say for sure let say btc rise to 1m usd/coin. doesn't mean you will set at 1m.  it depend on when you decide to sell it

[WatChe]

To be honest, the cryptocurrency world is rather difficult in "accurately" predicting the trend of its prices. With its high volatility, the price may either increase/decrease without given notice. In addition to it, unlike in stocks, the trading aspect happens every minute as compared to stocks where the trading happens on a certain time.

If you want to start investing in cryptocurrency, then treat it as a normal investment. But you have to regularly check its price on the market. I know lots of people who accumulated profit even in short-term investment due to sudden spikes in its price.

As a general rule also, only invest what you can afford and lose at the same time. Be wary of current events since majority of the news affect the price of BTC in the market. Good luck on your investment, OP!

The Cryptocurrency world is open for everyone that's true but that doesn't mean anyone with zero knowledge about this technology can  jump in and make huge profit.
You need to be well equipped with volatility, speculations and price volatility to deal with bitcoin.
You can earn  profits in short term occasionally, for long-term profits you need to have an investment strategy that is spanned over a period of time. Short term investment doesn't work in long term.

[BALIK]

First of all..... Bitcoin is not an investment.

Bitcoin is a technology that can be used as a currency or payment method ...and as a bonus, you can hoard some coin to see if the price goes up.. from where you bought it... and then you can make some passive profit. (The main goal of owning Bitcoin ..is not to make a profit, but rather to use it as a currency)

You might ask... Why do we need an alternative payment option.. or currency? Answer : Because our primary currency are centralized and manipulated by governments and we see how governments fail their citizens all over the world. ((Example : Zimbabwe (Hyper inflation) or the 2008 Banking crisis ..where Banks were bailed out with tax payers money to pay for Bankers mistakes and fraud))

All you just said was Satoshi's original goal when creating bitcoin, but now things have gone in a different direction. Bitcoin is an investment, it is a commodity, and we need to accept this fact. I'm pretty sure that 99% of the users on this forum or in the market, what everyone is interested in is what the price of bitcoin will be, what price to buy and at what price to sell for the best profit, few people will care about technology if it does not bring benefits.

[Erumo]

All you just said was Satoshi's original goal when creating bitcoin, but now things have gone in a different direction. Bitcoin is an investment, it is a commodity, and we need to accept this fact. I'm pretty sure that 99% of the users on this forum or in the market, what everyone is interested in is what the price of bitcoin will be, what price to buy and at what price to sell for the best profit, few people will care about technology if it does not bring benefits.

Because no one cares about technology. Money is the power. If it would be possible to earn easy, we would still leave in stone age. Who needs development, when all humans care about is to eat tasty food. Satoshis general idea has failed.People managed to screw everything and turn it into money.

Those who care about Bitcoin profitability in 2023 - Bitcoin will be profitable as long as it does not get world wide acceptance and government control. Till that, it will be profitable at any price.

[Yatsan]

The situation in Bitcoin's market price is still not showing a clear trend line but if you would be able to hit the right entry and TP points, for sure you'd earn profit little by little depending on your margin. But if it is for a longer holding, then it is still hard to tell at this point. The year has just started and the market prices are still not showing huge price movements which makes an impression that prices could be a bit stagnant this year. But that is not to conclude. This technology in general is unpredictable; anything could happen because of various factors; could either be good or bad. So if you are planning and you don't want to 'gamble' that much, wait for the right time; when you're ready to endure inconsistencies and once there is a better viewpoint with the price's direction.

[Easteregg69]

You should see profits if you DCA in long enough.

[tjtonmoy]

OP keep on buying in a small amount and just continue. As a newbie, you should not enter the trading market without proper knowledge. All you can do now is buy and HODL. That way you keep filling your bags while learning the basics to advance of the whole concept and by the time you reach the point where you can be confident to trade with your assets, you will have a good amount to start with. And then I won't have to tell you what to do, you will understand it yourself.
Try to learn about DCA and make a target where and when you should purchase in order to keep your investment in a flow. And when the market goes down, don't get emotional and sell. Buy again to average your investment. Keep in mind, Bear market is an opportunity.

[BITCOIN4X]

You should see profits if you DCA in long enough.

I agree, but it would be more profitable if they dare to buy a lot when the price has fallen more than 75% in the previous days. They can also buy with DCA if they still have doubts about the possibility of a further correction, but if they are able then certainly profit can be made in the long term. The cycle will continue to alternate where after a large increase will be followed by a correction, and vice versa.

In the long term, investing in bitcoin will be more likely to generate worth it returns, and i thing it is worth the risk of its price volatility.

[dunfida]

You should see profits if you DCA in long enough.

I agree, but it would be more profitable if they dare to buy a lot when the price has fallen more than 75% in the previous days. They can also buy with DCA if they still have doubts about the possibility of a further correction, but if they are able then certainly profit can be made in the long term. The cycle will continue to alternate where after a large increase will be followed by a correction, and vice versa.

In the long term, investing in bitcoin will be more likely to generate worth it returns, and i thing it is worth the risk of its price volatility.

DCA isnt something that for everyone considering that we dont really have that unlimited funds which we could really be able to put in.If we had already done it earlier then there's no way that you can do further specially

when the price is still plummeting or decreasing.I could say for those people who had invested into this month of January can really be considered as a good entry and it wont really be that a bad idea on holding it up for

future and it is really been considered to be a good start up.If you do hold then its your choice but if you do make out some active trades then it would be always your choice.

[Dr.Bitcoin_Strange]

If you can't make your own investment decisions, then you're really off to a bad start. If you're not willing to put in your own effort, use the money for something else you're interested in instead.

@OP, MK4 is not trying to discourage you, but if you must know, investing in bitcoin is good, but there are other streams of income like doing business, learning a skill, or entering a professional discipline.

In the forum, you will hear lots of opinions and suggestions, but before you invest, study about bitcoin, understand the strategy of bitcoin investment, and make your investment decision. That decision is not something anyone can do for you, nor is it something that should be done in a hurry.

From your topic title, it seems you are just looking for a strategy to profit from Bitcoin in 2023, but Bitcoin investment usually requires a long-term holding to earn a profit, or you are either buying on DCA or trading futures on CEX, and that requires some skills.

There is this old saying, "If you can't hold, you won't be rich." also have that in mind.

I am going to share two excellent resources with you. Read, watch, listen, and learn when you have the time.

Jameson Lopp Bitcoin Resources
Bitcoin for Beginners by Andreas Antonopoulos

Those two links from Pmalek are good learning materials for Bitcoin newbies.


Dr.B_S ✌️👺