How can I start investing in Bitcoin?

[hazelkeane]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

[_act_]

If you can begin to invest in bitcoin now, before 2024, it would be good. If you want to wait until the beginning of 2024 to start investing in bitcoin, it is not still too late.

Next year will be full of the bulls. Bitcoin will get to all-time-high. Bitcoin may reach six digits.

[leonair]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Investing in cryptocurrencies is very risky, but you can invite good morning to bitcoins with much less risk.  The first thing you need to accept when investing in Bitcoin is that you must have a long-term investment mindset and you must have enough patience.  On the other hand you can follow DCA to further reduce your risk as you will buy bitcoins at different prices as you will not invest at one time and your chances of losing will be reduced. I think these are enough to invest in Bitcoin

[vitya1982]

It's never too late, but you should do your own research and be prepared for a long-term holding, for all big pumps and dumps that will come at some point.

[MusaMohamed]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

You can start your investment anytime but some reminders to remember.

Use your own money for investment because it will help you having better psychology in this volatile and uncertain market.
Don't invest if you can not afford losing your money.
Don't use any leverage for investment because with leverage, you will have risk of liquidation.
Invest in Bitcoin, forget about altcoins that will cause loss for your portfolio.

Invest with DCA strategy and with Bitcoin.
https://dcabtc.com/

[2Pizza410000BTC]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

You can invest Bitcoin from any time it is completely your personal matter. But if you are thinking to invest in bitcoin from now then it will be good for you because in early 2024 fake bitcoin ETF approved bitcoin price will go up a lot. Moreover, Bitcoin will be halved in 2024, so it is definitely said that Bitcoin will increase in price in 2024. So it will be better for you to start from now if you have enough money to invest.

[Arenga pinnata]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Because market price movements are difficult for us to predict. So it's also difficult to say whether it's too late or not. So it's better to do your own research. But for me personally, maybe if you look at the long-term potential, buying now is not too late. But I don't know at the beginning of 2024. Whether the price will be very high or not at that time. But if it turns out that there is a correction in early 2024 then it might be the right time to enter and start accumulation. But I think a deep correction will be quite difficult to happen. Because there are many big agendas for 2024. Especially regarding the Bitcoin ETF which has been hotly discussed for a long time. And at the beginning of 2024 there is a schedule for this which can usually make prices rise further. But I'm also not a person who is good at analyzing. But regarding bitcoin I just accumulate and hold it for the long term.

So I think it would still be good if he started by doing his own research.

[laurenB7742]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Knowledge about bitcoin today is not too difficult to find, I think you can find the forum and register an account here, so you can also find documents about bitcoin easily. Why don't you figure things out yourself before asking for help? I mean, I think it's better for us to do things ourselves than to expect someone to help us.

Investing in bitcoin is a long-term journey, not a place to make quick or short-term money. You should take the time to learn, research and have a long-term plan instead of intending to invest before January 2024. What does that mean?

[CODE200]

If you can begin to invest in bitcoin now, before 2024, it would be good. If you want to wait until the beginning of 2024 to start investing in bitcoin, it is not still too late.

Next year will be full of the bulls. Bitcoin will get to all-time-high. Bitcoin may reach six digits.

Starting to invest in the new year isn't that bad of an idea, January is a bad month for cryptocurrency market as a whole so OP might be onto something here. Now we don't know when will that all-time-high will happen and I don't think it's even going to happen real soon because the halving hasn't happened yet and we haven't seen any significant sign that the peak is going to happen, so it's still a good time to buy at the early months of the New Year but you're right too, just start investing now but we can't blame OP because he/she might have no money yet so they can't do it yet.

If you want to start investing next year OP, you better start learning the some stuff about crypto and find the exchange and wallet that fits you. I recommend learning about Metamask, Binance, KuCoin, TrustWallet and BlueWallet. One thing about exchanges though is that if you choose to store your bitcoins there, you have to remember that it's not your bitcoin anymore because they're custodial wallets, basically you trust the exchange to store your bitcoins and crypto in their exchange.

[rodskee]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Answer this first ..


1. Do you have money to Invest now? if does then why need to wait for January
when it is still cheap buying now.

2. Are you ready to face the consequences ? if yes then Invest now mate , to
see what comes to you in the next Bullrun.

3. Do you Understand Crypto/Bitcoin that good? if Not then forget your plans
and study first

[Fiatless]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

The best time to invest is before the bull run. It can be assumed that we have not yet entered the bull run but the anticipation of that event is already making the market bullish. But is not too late to start because the price of Bitcoin will keep rising in the future. The advice I will give to you will be based on your financial status currently and how long you intend to keep your investment.

If you have small funds, I suggest you adopt DCA which is investing small and equal amounts consistently. DCA strategy will be the best option for a newbie because you will be able to learn with little funds. Investing lump some will be okay if you have a large some, but it will be more convenient if you know about securing your funds. The bottom is that you don't have to rely on the information you get from anywhere, do your research to verify them before you make your decision.

[sulendra12]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

You can pretty much invest anytime you want, but even though I say it like that it doesn't mean you can just go there randomly without any some sort of preparation. Do it with the money you can afford to lose, because it's an investment then you have to do anything to make sure that you are not just jumping in without doing anything.

The most common and popular one is DCA and it works for most of the people, you can try to search that on your web browser and see if it fits your current style.

[Out of mind]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

It is better to invest in bitcoins, but do it with your outside savings and not with your home money or borrowed money. As the year 2024 is still few days left so if you are taking initiative to invest then your initiative may be good or bad. For this you have to maintain everything and then invest. If you invest, you must accept that you will face losses many times. It will be better for you if you plan long term for investment because short term investment will never make your profit, but you will face loss more. So if you are thinking of long term investment, then I would say 2024 is not the year you can buy and hold bitcoins from anywhere that will give you maximum profit.

[Bureau]

Investing in Bitcoin requires a long-term commitment to achieve the goal of financial independence. If you are ready then start investing from today with an amount that you can afford to lose or leave. I said lose because every investment comes with a risk and so is Bitcoin investment. You can have a situation when the price of Bitcoin can go down, which happened in 2021. Prepare yourself to take the risk and do not be afraid of short-term fall as investing in Bitcoin take a lot of patience and a vision of making big in the long run.



 

[Chilwell]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

This is a wonderful question, Bitcoin is unlimited in times of taken in new investor, so for you to invest in bitcoin is never too late, but know that the investment is all about risk which means invest what you can afford to lose, invest in bitcoin doesn’t mean you will have huge amount of money before you can do it, you can be buying it with little amount you can afford and continuously gradually it will accumulate to huge one, know that the more you invest the more you gain and also know the lesser you invest the lesser you lose, and again know that the investment is a long term investment so don't include your daily expenses in the investment separate them to avoid problems.

[PrivacyG]

If you ask me or any Bitcoiner here.  What do you expect?  Do you expect any of us to say it is a bad idea to invest in Bitcoin?

My personal opinion.  It is ALWAYS a good time to start investing or to Dollar Cost Average Bitcoin.  You can never go wrong.  But it means you first need to believe in Bitcoin.  And you need to understand the risk it takes.

I would not care if Bitcoin drops to 10 thousand.  Or even 2.  Many others do however.  If you do not believe in what you are doing, go and do something you believe in.  Otherwise you end up purchasing Bitcoin before price tops out and then you sell on a loss and cry.

Invested money is money you should consider nonexistent anyway.  If you consider that money, you will suffer every time the Market is not all rainbows and sun.

[Nerdy doctor]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Why wait till January of 2024 and not now? Just curious. Perhaps that’s when you’ll get enough money saved up to invest. I don’t know if you’ve noticed but the price of bitcoin is steadily on the increase. Yes, the price still fluctuates and drops but despite that, it’s bound to increase.

The price over the months climbed and it’s over $41k now. Despite fluctuations, I don’t think it could go below $40k. By January of 2024, one bitcoin could possibly be over $45k and then, you would have to spend more to invest in bitcoin. If you’ve got the money, better today than next year.
Good to see you’re going with bitcoin instead of any of the several alt coin out there.

[Assface16678]

Well, first, I would recommend that you explore the forum first because this question is a common one and there are a lot of topics similar to it. Anyway,  you already posted it. Well, the most important thing is knowledge. Knowledge should come first because if you have the necessary knowledge and information, it will be easy for you to know what you want to invest and where you want to invest. Bitcoin is a broad investment; you could either trade, hold bitcoin assets, or do many other things. You need to identify in which field you want to invest and what you know you can do.

Bitcoin is a very dangerous and risky investment, as you could lose money in this investment. That's why the second most important thing you should hone is your experience, because if you have the experience, you will build your confidence, skills, mental state, and tolerance. Those things are necessary for an investor in this field.

[cafter]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

By your question it seems you don't know about bitcoin well enough so please learn about it first, it will take very little time to gain basic knowledge about bitcoin.
I would like to suggest you some sites, guide, youtube videos, to learn:
A Guide for Cryptocurrency Newbies for Overcoming FOMO
learn me a bitcoin
Explain Crypto To COMPLETE Beginners: Coin Bureau Guide!! (youtube video)you can buy bitcoin by using exchanges there are centralized exchanges(needs sharing personal info and need to do KYC) and decentralized exchanges(do not need much info about you),

[Adbitco]

Why are you waiting till January before investment what happened now?
It's a choice of investment there are people over here who kept larmenting for not meeting up on time to start their investment journey while some do wish they could turn back the hand of time so that they will buy at cheaper rate. Do you in any way have this thought that bitcoin could go more higher by January whereby you will also come to larment about the price how you missed a golden opportunity to have buy now instead of waiting till next year although January is just less 20 days now and you can't predicts what would happened by then if you don't investment in this December

[Xxmodded]

Your moment start investing in bitcoin seems on not right time because left few months before halving bitcoin will be on the higher price but always not late if you want invest money in bitcoin on the early next year. If you have money right now I don't think good ideas why have waiting for next January seems bitcoin price will little up to higher price. You can start right now for investing in bitcoin still have chance in the lower price but difficult bitcoin keep stable on the same price next January.

However always make your own research first before try investing in bitcoin, understood well with exchange place or wallet for saving your bitcoin assets and protect your bitcoin keep secure exactly if you want to be long term holding in bitcoin.

[Razmirraz]

Why do you have to start in January 2024, you can start now if you are supported by money that is ready to be invested. I'd rather you buy now than wait until the calendar turns. A habit that often occurs in most people is regret, they often blame themselves because they feel they are late in making decisions.
Based on the past history of Bitcoin prices, 2024 will see major turmoil in the Bitcoin market. You still have the opportunity to buy at a relatively cheap price before the bull comes. Think, do and say to yourself, whatever happens I will keep holding Bitcoin until the specified time limit.

[Solokan]

Of course, you can buy Bitcoin at any time, but for beginners, sometimes you are always confused about when is the right time to buy BTC, but of course the most appropriate option to buy BTC is when the market is bearish, like in 2022 or early 2023, but now it's not too late to buy BTC. and coincidentally op the BTC price is currently being corrected so I think now is the right time, but the decision is in your hands, but in January 2024 there is also no problem because in January the BTC has not yet halved but of course after January it will definitely be very close to the BTC halving .

but of course investing in BTC is very risky, you have to be patient and it will be better in the long term and only money that is ready to be lost is worth putting in BTC and do your own research and continue to explore insights but I think it's never too late to invest in BTC because in In 2025 of course there will be a bull run.

[Churchillvv]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

I'm sure by now you must have read all the replies you need but I will like to add some little contribution, since you have made your intention to buy Bitcoin by January next year the idea of next year is best known to you maybe for personal reasons but it would have been better to do so now that the price is still relatively low compared to what the speculation holds.
In the main time you can start reading JJG’s Outline of Bitcoin Investment Ideas for better understanding of Bitcoin investment. Thou it's advised to invest in Bitcoin for a long term you also consider your cash flow if you can be able to do with your invested capital without being tempted to touch. better still invest what you can do without at any cost....

[Jegileman]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

There is no perfect time to start your investment in bitcoin, you can start at anytime. Just know that when you start your investment depends on how much bitcoin you would have gathered before the bull run arrives. Take your time, but don’t waste too much time to gather a lot of the bitcoin in order to gain a lot of profit from it when the bull run arrives. Not even after halving is a bad time to invest in bitcoin, but waiting till then will reduce the number of bitcoin you would have bought and accumulated by then.

[odunybiz]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

This depends on what you have and how you plan to go about it. You can start with the little you have now using DCA as you keep buying gradually. Also if you plan to invest a huge amount of money, don't try to invest it once, using DCA may save you from buying high. Crypto can be a risky investment but investing in Bitcoin is just abit less risking. So invest wisely.

[SmartCharpa]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Everything is up to you. Why will you wait till January before starting an investment? There is never a perfect time to invest in bitcoin, but since the price is rising every day, it will be best for you to start now, regardless of how small your first investment may be. If you have the funds, you can start buying bitcoin at any time. Next year, there will be a bull run, as we have been seeing signs from the past few days. If you have the funds to get started and are aware of the risk involve in bitcoin, you make sure to have knowledge about cryptocurrency before taking a chance because it carries a lot of risk, to gain a better understanding of it, you can begin purchasing gradually.

[Obim34]

Why do you have to wait for January, 2024 before you start investing, if you have the funds necessary to begin your accumulation. I will suggest you start to do so now because any entry point you miss might not have a second chance to do so, as per waiting for January, 2024 the price might go higher or even lower so to be on the safer side it is best you begin now, even if the price will get lesser by then it is still of your own betterment as you will be able to buy more that is the reason most times we are advised to use the Dollar Cost Averaging (DCA) strategy(buying at regular interval as per different price not undermining the current price). We should know time wasted is money wasted but your money can't make time.

[Essential10]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

See, Invest Personal Decisions. If you are prepared, starting now can benefit from potential price increases in the future. Waiting until January may result in missed opportunities for growth. Currently the market price of Bitcoin is above $41k, if you have a bold mindset to buy Bitcoin at the current price then start. You can start with any amount, big or small. Anyway, if you have the money and knowledge, I think now is a good time to start investing in Bitcoin.

[sokani]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

There's no better time to start accumulating Bitcoin than now, because we are still in the bear season. If you buy now and hodl, when you get to sell your bitcoin during the bull season, you'll certainly be in profit. You don't have to wait until you've saved enough money before you start investing in Bitcoin. You can start by buying in smaller bits or doing Dollar Cost Averaging (DCA), and before you know it you have rack up a very good stash and ready for the bull season.

[Cookdata]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

There is nothing bad if you buy by January but I hope you have the mind to hold till when you want to sell, it is not difficult to buy but the challenge is always the ability to hold, if you have the mind to bear the risk, why not, buy Bitcoin and hold.

To invest, I believe you already have the money to buy or already had a preparation about it.
To buy Bitcoin is not hard nor complex, as a first timer you need an exchange to buy your bitcoin to be safe and to do that, there are two places where that can happen, either in centralized exchange or decentralized exchanges, the latter is more preferable because of privacy concerns.

The easiest (not the safest) place you can buy bitcoin is through centralized exchanges, like Binance, Kucoin, Okex and other similar centralized exchanges, you can see a list of them on Coingecko but as I have said, there is a privacy concern issue with the centralized exchange such as doing KYC, and submitting your documents which most often than not are not recommended, the best and safe place you can by bitcoin is decentralized exchanges.

Decentralised exchanges don't require KYC or any formal introduction of documentation where they request your details, some of them are:

Hodlhodl
Bisq

The advantage of these exchanges is they don't hold your coins, they go directly to your custody where you have access to their private keys and seed phrase. Always remember that it is not safe to keep your coins on centralized exchanges.

[qwertyup23]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Before the fork happens, it is very recommended that you start investing in small amounts in purchasing BTC.

As what happened in multiple forks before, there is a pattern that it increases the price of BTC in circulation. While this may be true, still, please do your research before you invest. If you really plan in committing an investment in BTC, make sure to start small but with a consistent pacing.

For example, you can purchase $10 worth of BTC per week as it will definitely accumulate in the long run. With this kind of method, not only do you start your investment in the cryptocurrency world but you also have the opportunity for your investments to slowly grow.

[Dzwaafu11]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

You are able to begin investing in bitcoin at any time. Nevertheless, you can still invest by January 2024. But Make sure you understand the essentials, such as how to secure your investment, is important before you begin investing. The risk is also a critical factor to know. Get ready to make a long-term commitment. Don't count on making money in a short period of time. Remember to invest only as much as you can afford to lose—that is, as much as you have that you won't need right away or that will not put you in a bad financial situation even if it is lost. The investment carries certain risks.

Why do you have to wait for January, 2024 before you start investing, if you have the funds necessary to begin your accumulation. I will suggest you start to do so now because any entry point you miss might not have a second chance to do so, as per waiting for January, 2024 the price might go higher or even lower so to be on the safer side it is best you begin now, even if the price will get lesser by then it is still of your own betterment as you will be able to buy more that is the reason most times we are advised to use the Dollar Cost Averaging (DCA) strategy(buying at regular interval as per different price not undermining the current price). We should know time wasted is money wasted but your money can't make time.

Maybe he doesn’t have money to start investing in bitcoin by this time now. Who knows, maybe he is expecting some amount of money that he will use for the investment next month by January 2024. However, even by then, it is not too late to invest. We are expecting the bitcoin price to be higher than this current price, so even by then, we may still haven’t reached the ATH. The OP can wait until then to start investing. If that is what he plans, The only time I can say is late for the investment is when the price has already reached the ATH, but by January, even though the market is unpredictable, I believe he can accumulate some amount of bitcoin by that time.

[tvplus006]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

You can start investing in Bitcoin at any time convenient for you. However, it will be more profitable if you make such purchases when the price of the coin is adjusted. If this will also be difficult for you, then buy in equal parts in a certain period of time using the DCA strategy.

[Finestream]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Timing the market when it is bearish, then it would be the best time to enter the market. And most probably, since we are still chasing the bull run by early next year, then most likely we will only witness the bear market once the bull run is over. So be patient to wait for the right time to invest. For now, educate yourself first about bitcoin and all related to that, and this forum could be the perfect place to do it, just do your own diligence to study and always learn from the experiences of other traders and investors in the market.

[Ndabagi01]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

If you haven't started investing in bitcoin by now, I'd say you're a little late and have missed out on the early bird price, given the current price of bitcoin. However, investing in bitcoin does not necessitate any specific price. If you haven't invested yet for the anticipated bull run, you're not too late; there's still time and you can start at any time. There is no set amount of money for this investment; you can invest as much as you want, keeping in mind that the more you invest (bitcoin accumulated over time), the greater the long-term benefits of the investment.

[Russlenat]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

I don't think it is. The market still looks bullish because of the expected ETF approval that will happen hopefully by January which means bitcoin that time will become more expensive from its original price. So that would be a bit riskier if you start investing at a high price. However, starting a small amount is not bad at all. You can invest anytime you want as long as your purpose is to buy and hold bitcoin for long term. But you can never expect to make it instantly big with the upcoming bull run. At least, you can still be in profits and just continue to DCA with bitcoin as this is the right thing to do when you come to invest at an expensive price.

[Dr.Bitcoin_Strange]

First, I will ask you to be mindful of the kinds of PMs you may receive because of this thread you have created. You don't need to wait until 2024 before you start investing in Bitcoin, although it depends on the availability of the funds. If you actually have some funds to invest in Bitcoin, then you should use the DCA (dollar cost average) strategy to invest in it. This strategy involves gradually investing a specific amount of money in Bitcoin on a more regular basis. For example, you can decide to buy $20 worth of Bitcoin every week or every two weeks, depending on the amount you earn from your monthly or weekly income.

We are approaching the bull market, and no one can tell what exact price we can see for Bitcoin by next year. Surprisingly,  Bitcoin could be around $50k by next year, and if you buy now, you will be at an advantage.

[DaNNy001]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

I don't think it is. The market still looks bullish because of the expected ETF approval that will happen hopefully by January which means bitcoin that time will become more expensive from its original price. So that would be a bit riskier if you start investing at a high price. However, starting a small amount is not bad at all. You can invest anytime you want as long as your purpose is to buy and hold bitcoin for long term. But you can never expect to make it instantly big with the upcoming bull run. At least, you can still be in profits and just continue to DCA with bitcoin as this is the right thing to do when you come to invest at an expensive price.

Well I don't know for you but if he has the opportunity to invest or get some coins before the year start or during the early part of year he can still do it because I am to believe that the Bitcoin must reach another ATH be it now or later but the issue now is to know if he can actually hold those coins of his because he can start accumulating now and decide to hold for long till the new ATH is achieved then nothing is wrong from my own view.

[LogitechMouse]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

My first question is, why wait for next year if you can invest now?
If the one that hinders you is the lack of knowledge about Bitcoin then yes I guess you can delay it, and invest next year, but if you have a bit of knowledge already that will help you then why choose to invest next year if you can do it now?

The more you delay it, the more opportunities that you will be missing. Just imagine those who didn't buy Bitcoin last year because they were afraid. Just imagine how much profits they lose just because emotions got them. As for guides, this forum, and Youtube are the top 2 platforms that can help you learn more. Of course, there are some other platforms out there like X, Facebook, Reddit, etc. but the 2 that I shared are the ones that helped me the most.

There's no perfect time when it comes to investing, so as long as you have the money then just invest. Just a reminder that don't invest when we are already in a bull run. We aren't so take this opportunity to accumulate not only Bitcoin, but some top altcoins as well.

[Litzki1990]

It is important to know how much money you decide to invest in Bitcoin in the first place. Since you want to know how to directly invest in Bitcoin, we can assume that you have little knowledge about investing. If you really don't know much about investing then first get an idea about investing in Bitcoin and also try to get a real idea of investing by investing some amount of money. After gaining enough knowledge about investing, buy bitcoins with the amount you want to start investing with and keep holding that investment. After investing, you may see a temporary loss of your investment capital due to the volatility of the market, but you must be patient and trust your investment.

[Bobrox]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Regarding your question I answer about way how to start investing in bitcoin,  I don't have capacity for teaching you about technical way in bitcoin trading. First you have make decision with how much capital use for investing in bitcoin and will use cex or dapp for your investment in bitcoin. If you want invest bitcoin in CEX exchange you need to see are your local exchange market supported with bank local deposit or not? You can make deposit trough your local bank to local exchange market and check minimum amount require for trading. In Binance should have $10 capital for trading on all coins including with bitcoin, but Binance must verify document ID firstly before available for deposit, withdrawing and trading bitcoin there.

[Rockstarguy]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

We are about entering into the bull market,  but what you have to understand bitcoin is that bitcoin is risky and if you are investing you have to invest with the amount you know it won't hurt even if you lose it. Do not rush into Bitcoin investment because Bitcoin can give you profit. You need to question your self if you want to invest in bitcoin if you can have patience to hodl because this is the main thing that determine if you will make profit in you investment.  Try as much to understand how the market of bitcoin exist for you to make a better decision that will be good for you when you want to invest in bitcoin.

[lizarder]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024

It is much better for you to take the opportunity now to invest because the most important thing is not whether the practice is good or not but rather the availability of capital and strategy when you want to get involved in investing. Of course not only that because knowledge is needed when you want to invest and forcing investment without understanding the journey of bitcoin will create a big risk impact for you personally. Prices can change so quickly and we will continue to live a four-year cycle, that's how bitcoin continues its journey in the market that we need to understand.

Remember that price fluctuations can give you a sense of excessive worry and ultimately limited knowledge can have a detrimental effect. It is not recommended to invest without knowledge and I am sure you understand this problem because there are no real newcomers when they get to know this forum.

[Franctoshi]

Op, all depends on your investment plan and availability of investment capital, so if you have your funds ready come January 2024 then you're starting at the right time because we are about to kick-start the next phase of the bull market. Secondly, I will suggest you take the few weeks left until the end of 2023 to look into how Bitcoin works, get the education and knowledge about the asset you want to put your hard-earned money, it's necessary you go for Bitcoin education if you haven't, to understand and know the risks involved with the asset before starting your investment, so you don't risk more than what you can afford to lose in the market.

[Sanitough]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Well, as long as you have spare money to invest in bitcoin for long term, then investing anytime of the year is very welcome. But I should be honest to you that it could be a lot better if you enter the market while bitcoin is cheaper so you can maximize your initial purchase and expect bigger profits when you decide to sell them during bull run.

But if you really want to invest early next year, then that is not really a problem. Just be patient always so you won't be tempted selling when the price drops so badly and end up seeing you in losses.

[ajiz138]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Surely many people will ask why not just start investing now? Maybe you have another reason to start investing in January 2024, the reason I got is, in January you will get more money, whether it's a year-end bonus from your job or from other sources, if you feel that's the right practice for you, just do it.

There is no guide on when to buy, there is a guide where you have to learn a lot about bitcoin, how to store assets well, choose a safe wallet, namely a hardware or software wallet and several other materials needed for an investor who is starting out. .

So if you are able to start next year, it's not a problem, keep buying bitcoin using the DCA method, it will be better for beginners.

[puloweh555]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

If you already have knowledge about bitcoin and have confidence, there is no need to wait until January to buy bitcoin, do it now before the turn of the new year, because for me the sooner the better, I also don't see any signs of bitcoin going down again.

Because to be successful, you need to make a plan and work towards it. Investing is still the smartest way to prepare for the unexpected. For anyone who wants to get started, the good news is that it is never too late to start. Creating wealth and gaining financial freedom is not as difficult as many people think. Because bitcoin investment is the only true way to earn big income in the future.

[lalabotax]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

I'm a bit confused by this. Yes, as long as you have the capital to invest and understand the cycle or pluses and minuses, then just invest. Make sure you find a trusted exchange in your country so you can make a deposit to that exchange. In fact, this is what often happens, namely choosing a fake exchange or trusting scammers to invest so that we end up losing our money. So, be careful in choosing the exchange platform. If you have found it, just buy the Bitcoin, then save it according to your desired target. Don't be disappointed if the price suddenly drops because Bitcoin prices are volatile

[Issa56]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Whenever you start investing in bitcoin, it's a good idea as long as you will be holding for long term, then i don't have problem with that, since bitcoin halving will be next year, and we are always expecting a bull run after the halving, actually no one is sure when the bull run will be coming, but we are expecting it after bitcoin halving, but don't think it will be next year, no one knows. so if you can start your investment by January is not really a bad idea, don't think you are already late to bitcoin investment, as we all can see, bitcoin price is till kind of low to me, just hold and see what's going to happen in the next bull run.

[Bako97]

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.

[krista222]

As for January 2024, predicting the market is challenging, but if you're considering it, using a reliable platform like Cryptex https://cryptex.net/en/trade might streamline the process. Cryptex Broker stands out for high-volume clients, offering access to substantial FIAT and crypto reserves outside typical exchange services. This personalized service allows for instant, automated trading with significant asset volumes. It ensures efficient order completion, even when immediate execution faces volume constraints.

[Bushdark]

To start, create an account on a reputable cryptocurrency exchange, like Coinbase or Binance. Educate yourself about Bitcoin's volatility, its market trends, and consider your risk tolerance before investing. As for January 2024, predicting Bitcoin's future value is uncertain. It's essential to consider market conditions, global events, and your investment goals. Diversification and consulting a financial advisor are prudent practices before investing in any asset, including Bitcoin.

There is no need for us to create an account on exchanges because of the risk we might incurred if anything eventually happens to the exchange. We can buy Bitcoin anywhere so there is no need for us to go to an exchange before we can buy and keep Bitcoin of our own.
There are many ways we can make profits from the market which we don't need to stress ourselves. Bitcoin is a volatile cryptocurrency and that is what everyone that is planing on investing in Bitcoin should do. We need to invest wisely and not invest in a way that we might lose our Bitcoin portfolio.

[RockBell]

Op, all depends on your investment plan and availability of investment capital, so if you have your funds ready come January 2024 then you're starting at the right time because we are about to kick-start the next phase of the bull market. Secondly, I will suggest you take the few weeks left until the end of 2023 to look into how Bitcoin works, get the education and knowledge about the asset you want to put your hard-earned money, it's necessary you go for Bitcoin education if you haven't, to understand and know the risks involved with the asset before starting your investment, so you don't risk more than what you can afford to lose in the market.

Every business operation revolves around planning: first, how to obtain capital; second, how to carry out the investment plan the business has. In my opinion, the business should have planned all of this earlier because investing now won't yield a large profit because nobody can predict the exact nature of the market. Just some weeks to go and the halving will shake and restructure the entire market. And the restructuring comes with benefits. And that will even lead to bull run that everyone has been waiting for. Making money is the main motivation behind investing. And the portion of knowledge that people don't rely on is what's hurting company; people don't want to take things seriously, even if it means losing assets, which is terrible.

[odunybiz]

To start, create an account on a reputable cryptocurrency exchange, like Coinbase or Binance. Educate yourself about Bitcoin's volatility, its market trends, and consider your risk tolerance before investing. As for January 2024, predicting Bitcoin's future value is uncertain. It's essential to consider market conditions, global events, and your investment goals. Diversification and consulting a financial advisor are prudent practices before investing in any asset, including Bitcoin.

There is no need for us to create an account on exchanges because of the risk we might incurred if anything eventually happens to the exchange. We can buy Bitcoin anywhere so there is no need for us to go to an exchange before we can buy and keep Bitcoin of our own.
There are many ways we can make profits from the market which we don't need to stress ourselves. Bitcoin is a volatile cryptocurrency and that is what everyone that is planing on investing in Bitcoin should do. We need to invest wisely and not invest in a way that we might lose our Bitcoin portfolio.

What is the purpose of creating a reputable cryptocurrency exchange? Is it to buy the Bitcoin or for him/her to keep his/her Bitcoin savings? Remember saving your Bitcoin in an exchange is a very bad idea for ones security issue.

[Samlucky O]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

It's better you start now because there is no need for procastination on Bitcoin investment. The more you keep procastinating the more the price keeps increasing, there by making you think bitcoin price is too expensive to buy. But if you apply the formula of buying small small you will achieve your goals. Because no amount of money is too small to invest. And also no time is too late, but lateness will only increase the amount you would have invested for long to be X2 or x3 on current investment

[Luzin]

What is the purpose of creating a reputable cryptocurrency exchange? Is it to buy the Bitcoin or for him/her to keep his/her Bitcoin savings? Remember saving your Bitcoin in an exchange is a very bad idea for ones security issue.

The best option is to store in hardware. Saving in trading is not recommended.  But you have to know that currently the cost of moving balances is quite expensive, especially Bitcoin. So there are other problems, but maybe using another network could be a solution. But I'm sure most people are happy to keep Bitcoin for investment. Even today I also keep some of the assets I trade in exchanges, even if it's just a little bit. If you are starting out, it's good to start with small money. After that you will learn other problems related to trading investments.

[CryptopreneurBrainboss]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Why not start investing right this minute so you can get your hands on some cheap Bitcoin before the fomo gets high by next year and you can't get some cheap Bitcoin anymore. There's no right or wrong time to invest in Bitcoin as your investment should be for future purpose. The only time I see setting a future date for when you'll start investing in Bitcoin is when you don't have funds at the moment but expecting something in the future then it's justifiable to set a future date to buy Bitcoin.

If you have funds available, buy them now and not wait for the future. An Investor buys and waits and not wait to buy (that's what traders do). As an investor you don't wait for the perfect opportunity to buy Bitcoin, when you keep waiting you give room for the spirit of procrastination and when it becomes a habit you would miss the opportunity to get your hands on cheap Bitcoin.

Investing in Bitcoin is very easy to start, what you need is a good wallet for storing of your Bitcoin and a hardware wallets is the most recommended but as a newbie, you can start your journey with wallets like electrum that's very reputed but only use them on an airgapped devices and secure our sensitive wallet information very well to avoid exposure to hackers and causes a lost of your investment.

[Y3shot]

Their is no wrong time to invest in bitcoin,  I think people who are serious about bitcoin will always buy when they have opportunity to buy bitcoin. For some people when the price is too low they complain about it that the price of bitcoin is to low , that it might still get dipper whereas this buying dip is the best time to buy bitcoin.  Now the price at which bitcoin is  some people are still complaining that it is too high and not the right time for them to buy. We are bout to enter the bull market I believe their is nothing wrong to buy at the price which bitcoin is now.

[Z390]

Learn everything that you can about Bitcoin so that you won't make some mistakes, buy a hardware wallet to store your Bitcoin and make sure you only invest what you can afford to lose.

The biggest mistake that newbies make is having no job to keep DCA into Bitcoin every time, they instead invest with money that's meant for some other things and after a month or two they will have no choice than to sell the Bitcoin and try to survive on the little money they made.

First thing to do is making money and using it as your source of investment into Bitcoin, the more money you keep making the easier it will be for you to keep gathering your small BTC and in time it can go big when a new all time high is achieve.

[reagansimms]

Investing in Bitcoin has always been a good practice for anyone who believes in the potential of Bitcoin. As long as you have a certain amount of money and the money is not used for other needs, you are free to invest whenever you want. If you are ready to invest now, why wait until the beginning of the year. Do it now, don't wait any longer because the best time to invest in Bitcoin is now, not later and later.

[lenon33]

To start, create an account on a reputable cryptocurrency exchange, like Coinbase or Binance. Educate yourself about Bitcoin's volatility, its market trends, and consider your risk tolerance before investing. As for January 2024, predicting Bitcoin's future value is uncertain. It's essential to consider market conditions, global events, and your investment goals. Diversification and consulting a financial advisor are prudent practices before investing in any asset, including Bitcoin.

[YOSHIE]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

My advice is don't start in 2024, as you know and there are many topics circulating on the internet, in 2024 there will be an ATH phenomenon in Bitcoin that year, In general, it is clear that the price of Bitcoin skyrocketed that year, that is the prediction of some crypto experts and several other sources that we have seen and read, every four years Bitcoin changes.

So, invest after Bitcoin's ATH occurs, maybe entering 2025, that's the right step if you want to invest in Bitcoin, that's my advice and to the best of my knowledge, But everything comes down to thinking for yourself and making the best choice, your beliefs are very important to determine.

[stadus]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Well investing into bitcoin is always profitable, regardless of its price and time to invest. Even when bitcoin price is at its peak, I'd still think that bitcoin investing is still a wise idea, as long as you hold it for long term without getting tempted to sell at a loss price.

[GeorgeJohn]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

It's open and understanding that their is no time you start a bitcoin investment that is not good something to do, but the problem is that you have to be timing or study the basics things of bitcoin before you can as well start a bitcoin investment,  because some people will advice you to start investment immediately January 2024 without investigation and research concerning bitcoin investment, so the thing that makes you to understand bitcoin properly is to be able to interpret the movement of candles sticks

[Viscore]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

It's certainly good to invest in bitcoin but if I were you, start entering the market when the price of bitcoin is relatively low and cheap, that way you can buy more bitcoin with your money. And as long as you only invest an amount that you can afford to lose, that is a good start for a beginner investor in the market. Just continue to hold longer your coin so you will also sell in profits in the future.

Everyday is actually a good time to invest in bitcoin. But for you to maximize your investment even at a first purchase, timing the market when bitcoin price is not highly expensive.

[Awaklara]

Investing in Bitcoin has always been a good practice for anyone who believes in the potential of Bitcoin. As long as you have a certain amount of money and the money is not used for other needs, you are free to invest whenever you want. If you are ready to invest now, why wait until the beginning of the year. Do it now, don't wait any longer because the best time to invest in Bitcoin is now, not later and later.

and also most importantly, if he does not have any previous investment experience and knowledge, it is better to first study Bitcoin and the market. I'm afraid many beginners panic when faced with a fast-moving market situation. Having capital is not enough to start investing, but being knowledgeable is also important.
without knowledge, the investment made may not be as planned. and if it fails it can put a bad perspective on Bitcoin investment.

[lenon33]

As for January 2024, predicting the market is challenging, but if you're considering it, using a reliable platform like Cryptex might streamline the process. Cryptex Broker stands out for high-volume clients, offering access to substantial FIAT and crypto reserves outside typical exchange services. This personalized service allows for instant, automated trading with significant asset volumes. It ensures efficient order completion, even when immediate execution faces volume constraints.

Moreover, maintaining a flexible strategy, adapting to market shifts rather than solely relying on predictions, could bolster success. Remember,  combination of research, security checks, and adaptable strategies will likely yield more consistent results in an ever-fluctuating market.

[leonair]

If you can begin to invest in bitcoin now, before 2024, it would be good. If you want to wait until the beginning of 2024 to start investing in bitcoin, it is not still too late.

Next year will be full of the bulls. Bitcoin will get to all-time-high. Bitcoin may reach six digits.

There is no fixed time to invest in Bitcoins Everyone should take an immediate decision to start investing in Bitcoins and continue investing as per DCA as per their ability. Because DCA greatly reduces risk from everyone's investment and minimizes profit and loss.  DCA is a very effective strategy for a safe investment without worrying about quick returns. So definitely every investor should start investing in Bitcoin immediately following DCA. Because Bitcoin is a highly potential currency of the future

[Mantumbtc]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Investing in cryptocurrencies is very risky, but you can invite good morning to bitcoins with much less risk.  The first thing you need to accept when investing in Bitcoin is that you must have a long-term investment mindset and you must have enough patience.  On the other hand you can follow DCA to further reduce your risk as you will buy bitcoins at different prices as you will not invest at one time and your chances of losing will be reduced. I think these are enough to invest in Bitcoin

I think all about making money is Rick and mindset, no matter the time you invest your money, all you need is Patricians, if didn't work out as expected you keep on moving one day it will work for the person.

[Mantumbtc]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

You can start your investment anytime but some reminders to remember.

Use your own money for investment because it will help you having better psychology in this volatile and uncertain market.
Don't invest if you can not afford losing your money.
Don't use any leverage for investment because with leverage, you will have risk of liquidation.
Invest in Bitcoin, forget about altcoins that will cause loss for your portfolio.

Invest with DCA strategy and with Bitcoin.
https://dcabtc.com/

I have seen some person's who borrowed money to setup a business or invest in bitcoin it works for the person,so life is all about taking a rick and good information.

[Mantumbtc]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

By your question it seems you don't know about bitcoin well enough so please learn about it first, it will take very little time to gain basic knowledge about bitcoin.
I would like to suggest you some sites, guide, youtube videos, to learn:
A Guide for Cryptocurrency Newbies for Overcoming FOMO
learn me a bitcoin
Explain Crypto To COMPLETE Beginners: Coin Bureau Guide!! (youtube video)you can buy bitcoin by using exchanges there are centralized exchanges(needs sharing personal info and need to do KYC) and decentralized exchanges(do not need much info about you),

Thanks, yes I'm new here I will learn and make reach as you rightly said, I also need your help and guidance for me grow.

[Mpamaegbu]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

No one can accurately tell you what Bitcoin price will be in January 2024; whether it will be lower or higher than what we've now. My suggestion to you is if you've got the money now to invest in Bitcoin (since you've already made up your mind on it) just go ahead and do it now. Don't wait for January. 2024 will be filled with price chase. It's going to be a FOMO year because of the expected halving around April 2024. Those who are dilly-dallying and foot dragging now will have much regrets soon when price begins to pump as usual as it's characteristics of a bull rally.

[letteredhub]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

First of all how did you got here and what motivated you to be a part of the bitcoin community if you should be asking this question if it's a good practice or not investing in bitcoin by January next year. As a newbie if there's anything you should be grateful for in being a part of this community at this time is the fact that you arrive at the right time to invest with the bullrun closer in anticipation count yourself lucky and start investing with the small amount you can start with. And also learn about DCAing there are many resource threads and materials online that can guide you on that.

[Benedictare]

   Bitcoin investment is a good one but you need to be very careful ,have you read and understood the principles of Bitcoin investment before going into it ?

*   Decide which currency you want to Invest .
  
*   Directly invest by using one of Bitcoin major crptocurrency exchange which you want such as Binance or Coinbase because most Bitcoin investors use cryptocurrency exchange .

*  Save your cryptocurrency in a digital wallet because all your information is stored and kept in your digital wallet.

*.  Determine how much to invest,you have to focus on the total amount to be invested in instead of the number of coins you are to buy.

*.  Manage your investment.

Another way to invest is to buy shares in a company with a significant Bitcoin exposure like Bitcoin mining company and funds associated alongside Bitcoin.
   Beginners can invest in Bitcoin especially through major crptocurrency exchange or brokerage.
  You start buying your Bitcoin by visiting a cryptocurrency exchange website and follow the website's instructions to purchase your Bitcoin and other digital assest. It is advisable you start buying immediately because delay might be dangerous don't wait till January 2024
  
    

[Baki202]

Why do you have to start in January 2024, you can start now if you are supported by money that is ready to be invested. I'd rather you buy now than wait until the calendar turns. A habit that often occurs in most people is regret, they often blame themselves because they feel they are late in making decisions.
Based on the past history of Bitcoin prices, 2024 will see major turmoil in the Bitcoin market. You still have the opportunity to buy at a relatively cheap price before the bull comes. Think, do and say to yourself, whatever happens I will keep holding Bitcoin until the specified time limit.

Early investing always pays off since there are more advantages than waiting, and an investment must be able to take advantage of any potential benefits so that they may be easily grabbed. This is how investors act they seize opportunities. And the price might get high. And it might get more difficult to buy and might not be even convenient. As far as the money is available then you buy not necessary to wait for 2024 their will always be regret for people that invest later so invest now to aviod regrets later and that will be much more better. And I will such for the person investing should wait until next time.

[Vaculin]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

I would say its good but for me, it's never ideal to enter a pre bullish market as you cannot maximize your purchase since bitcoin price is still surging and even altcoins as well are also having a good position. The best time to enter the market is when you see prices are dropping low, as you have all the opportunities to buy a lot as you can, depending on your funds budgeted for investing.

However, if your only wish is to finally enter the market despite of the coins current price, because you're up to long term hodling, then I have no against with that. Just make sure to never be affected and resort into panic selling when the market suddenly experience market correction.

[OcTradism]

I would say its good but for me, it's never ideal to enter a pre bullish market as you cannot maximize your purchase since bitcoin price is still surging and even altcoins as well are also having a good position. The best time to enter the market is when you see prices are dropping low, as you have all the opportunities to buy a lot as you can, depending on your funds budgeted for investing.

Joining the market months before a new big bull run is good, not bad. It will save you a lot of waiting time because you don't have to wait too long like one or two years to see a bull run, just need several months for waiting. It maximize your capital flow in and out the market if you only want to speculate and get profit.

If you buy Bitcoin today, you will have similar entry price like if you did in 2022 that will cost you a lot of waiting time just to see $44,000 price again and has yet to see a bull run.

Entering today will not give you perfect entry price but if it is about waiting time, it's good enough.

[Y3shot]

Investing in Bitcoin has always been a good practice for anyone who believes in the potential of Bitcoin. As long as you have a certain amount of money and the money is not used for other needs, you are free to invest whenever you want. If you are ready to invest now, why wait until the beginning of the year. Do it now, don't wait any longer because the best time to invest in Bitcoin is now, not later and later.

The more you wait for the price to drop  the more missing the opportunity to invest, procrastination is not the best when planning to invest bitcoin because the price may end up not to be like the way you want it. Invest with the amount of money you have when it is available. It is not possible to predict bitcoin price to buy it at the desire price you want to buy it. People always make mistakes of waiting thinking they can bitcoin are their convenient price.

[Baki202]

Their is no wrong time to invest in bitcoin,  I think people who are serious about bitcoin will always buy when they have opportunity to buy bitcoin. For some people when the price is too low they complain about it that the price of bitcoin is to low , that it might still get dipper whereas this buying dip is the best time to buy bitcoin.  Now the price at which bitcoin is  some people are still complaining that it is too high and not the right time for them to buy. We are bout to enter the bull market I believe their is nothing wrong to buy at the price which bitcoin is now.

There is because what people call the wrong time to invest is when the price is high. It is just like buying high and still selling high except if you will wait for a year for the price to go beyond the amount you bought. It is always better to buy deep, which is what I see a lot of holders do. People who complain about the pricing may not understand how Bitcoin works. Because if you don't know what to do at a specific market time. Everyone has right on their money and can invest when ever they like.

[Promocodeudo]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

OP, if I may ask, how conversant are you with bitcoin, do you have a knowledge about Bitcoin, I ask this question for a reason, because I strongly believe before a potential investor come to the conclusion of investing his or her fund in bitcoin, the knowledge and understanding of Bitcoin should be inculcated in him or her, now let me come to your question, I think my personal answer that question is yes, but that's if you are ready, make sure that you are not been forced, make sure that the decision of investing in bitcoin is yours, so that know one will be held responsible if anything happen, but I must tell you the truth, bitcoin is a good investing but all depends on your patience level, no financial advice though.

[Arenga pinnata]

Investing in Bitcoin has always been a good practice for anyone who believes in the potential of Bitcoin. As long as you have a certain amount of money and the money is not used for other needs, you are free to invest whenever you want. If you are ready to invest now, why wait until the beginning of the year. Do it now, don't wait any longer because the best time to invest in Bitcoin is now, not later and later.

I also think so that we should not wait any longer to start an investment. If we are ready now then we can start from now. Investing in bitcoin is clearly different from investing in Altcoins.

Because as long as our investment goal in bitcoin is for the long term, I think it will still be profitable even if we have to start from now. And it's never too late if it's a long-term goal. Because in bitcoin we have seen quite good growth in the long term. The history of bitcoin price movements has become strong evidence that Bitcoin is the most appropriate for long-term investment in the digital asset category.

But if the goal is a quick profit scheme then I don't think we can do that in bitcoin. And it's better to avoid such a mindset. Which will only make it hards for us to control our emotions.

[Zanab247]

First, ensure you have the knowledge of BTC because, there is no way you will acquire the knowledge of BTC and you will not know how to use it make progress like the way other bitcoiners are making profits from their BTC investment. Since you are a newbies in the community, look for way to generate capital and wait for the price of BTC to fall down before you can buy BTC from the market and hodl for bull run to come before you can sell to make big money.

Once you succeed in buying BTC from the market, don't be in a hurry to sell because, many newbies always fall victims in the market by listening to other hodlers panicking that the price will continue falling and it will make them to sell at the moment and regret when the price start rising above that particular price.

[Y3shot]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

OP, if I may ask, how conversant are you with bitcoin, do you have a knowledge about Bitcoin, I ask this question for a reason, because I strongly believe before a potential investor come to the conclusion of investing his or her fund in bitcoin, the knowledge and understanding of Bitcoin should be inculcated in him or her, now let me come to your question, I think my personal answer that question is yes, but that's if you are ready, make sure that you are not been forced, make sure that the decision of investing in bitcoin is yours, so that know one will be held responsible if anything happen, but I must tell you the truth, bitcoin is a good investing but all depends on your patience level, no financial advice though.

I think op is just trying to get guild on how to invest,  maybe trying to make good plans to invest in bitcoin.  I think is questions is a good one for beginner, anyone who Is planning to go into investing bitcoin it is important to get knowledge about Bitcoin,  understanding the market first. Investing bitcoin without understanding is a wrong way to start that can lead to not having better results and will surely end with regret. Knowledge is the the first step for profitable investment in bitcoin.

[_BlackStar]

-snip-

I think op is just trying to get guild on how to invest,  maybe trying to make good plans to invest in bitcoin.  I think is questions is a good one for beginner, anyone who Is planning to go into investing bitcoin it is important to get knowledge about Bitcoin,  understanding the market first. Investing bitcoin without understanding is a wrong way to start that can lead to not having better results and will surely end with regret. Knowledge is the the first step for profitable investment in bitcoin.

However, it seems that the OP failed to read many of the suggestions because his profile became inactive after creating this thread on December 12. I'm not sure what the motive for this thread is - certainly because the OP didn't seem to be proactive in discussing it after creating the thread.

This is one of the mistakes beginners make that needs to be avoided – of course because they still need lots of answers to increase their knowledge, but they ignore all advice and become inactive in discussions.

[Bushdark]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

OP, if I may ask, how conversant are you with bitcoin, do you have a knowledge about Bitcoin, I ask this question for a reason, because I strongly believe before a potential investor come to the conclusion of investing his or her fund in bitcoin, the knowledge and understanding of Bitcoin should be inculcated in him or her, now let me come to your question, I think my personal answer that question is yes, but that's if you are ready, make sure that you are not been forced, make sure that the decision of investing in bitcoin is yours, so that know one will be held responsible if anything happen, but I must tell you the truth, bitcoin is a good investing but all depends on your patience level, no financial advice though.

I think op is just trying to get guild on how to invest,  maybe trying to make good plans to invest in bitcoin.  I think is questions is a good one for beginner, anyone who Is planning to go into investing bitcoin it is important to get knowledge about Bitcoin,  understanding the market first. Investing bitcoin without understanding is a wrong way to start that can lead to not having better results and will surely end with regret. Knowledge is the the first step for profitable investment in bitcoin.

Investing in Bitcoin should not be something we need to be so desperate about because there is lots of risks in the market and we need to be prepared for us to ever think of investing in Bitcoin. Bitcoin is the number cryptocurrency in the market and is very volatile.
We need to alert anyone that have the tendency of investing to also note that so that they would be aware that the cryptocurrency market is not just a place for look for money and increased profits, it also has it own risks attached.

[kawetsriyanto]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Why do you wait for January 2024 to invest in Bitcoin?
I think it is better to invest before January 2024. The price of Bitcoin can be higher in January because Bitcoin halving is is getting closer (predicted in April). In the last few days, Bitcoin price is experiencing correction, it is actually a good time to buy Bitcoin. I assume Bitcoin price won't drop below $41k, it succeed to survive above $40k After it reached $44k. So if you bought Bitcoin around $40k-$42k seems it is a good rate to buy. Just wait for Bitcoin to drop around that prices.

It's never too late, but you should do your own research and be prepared for a long-term holding, for all big pumps and dumps that will come at some point.

Sure, it is not so late to invest in Bitcoin, we aren't in the peak of bullrun season. However, it is not a must to invest a long time. We can invest for 1-2 years, take profits in the upcoming bullrun season and buy again in the next bearish season. So, it depends on when we invest in Bitcoin, many people adjust their goals according to the period of beairsh-bullish season.

[Onyeeze]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

To invest in bitcoin is very simple and understanding if you have already know the basics things of bitcoin, because in bitcoin two things is in involve for the investment either bitcoin increase or bitcoin decrease, so I know quite well that the best way someone can invest in bitcoin and also make a profit is when the person watch and understand when the price of bitcoin is increasing, so I believe that bitcoin price will increase to the extent that you will make profit, so investing in bitcoin in order to make a profit you have to wait until the price is low or you have already noticed when the price of bitcoin will increase with your analysis

[Solokan]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Because market price movements are difficult for us to predict. So it's also difficult to say whether it's too late or not. So it's better to do your own research. But for me personally, maybe if you look at the long-term potential, buying now is not too late. But I don't know at the beginning of 2024. Whether the price will be very high or not at that time. But if it turns out that there is a correction in early 2024 then it might be the right time to enter and start accumulation. But I think a deep correction will be quite difficult to happen. Because there are many big agendas for 2024. Especially regarding the Bitcoin ETF which has been hotly discussed for a long time. And at the beginning of 2024 there is a schedule for this which can usually make prices rise further. But I'm also not a person who is good at analyzing. But regarding bitcoin I just accumulate and hold it for the long term.

So I think it would still be good if he started by doing his own research.

yes, it is true that BTC price movements are very difficult to predict, and it is very good if op do op own research and research, yes, I agree, if you buy BTC for the long term, of course there is no problem, and now the price of BTC is in the range of $42,400 and it looks like you are waiting for BTC going down will be very difficult so I agree with your opinion that now is the right time to buy BTC and in addition because soon there will be a BTC halving so yes now is the right time to buy BTC, yes the news about the Bitcoin ETF is very influential so Indeed, if op buy BTC for the long term, there is nothing wrong with it and indeed op have to do your own research, and indeed it seems like we will find it difficult to find a deep correction because many people have started to save BTC for the long term and of course will not sell at a cheap price. indeed for beginners there is usually always doubt and that is a normal thing but the point is that in my personal opinion of course buying BTC at the beginning of the year is certainly not a problem and buying now is also not a problem because in my opinion the most important thing is to buy BTC before the halving because by buying before the halving of course that is the way to go the good one.

[Bd officer]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Op, January 2024 is only two days away. It seems that you have got all the ideas about Bitcoin investment. Don't know if you are aware of the risks? When you invest in Bitcoin you have to invest with risk. Everyone can invest but not everyone can patiently hold investments for a long time. You must learn to be patient before investing. You need to hold the investment for a long time. If you understand everything well then start investing with DCA method. If you hold the investment for a long time, you can expect to get a lot of profit. OP, good luck to you.

[HajiBagi]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

As a new member, how much knowledge do you have about cryptocurrencies? Did you know about bitcoin before you decided to invest in it? Before you start asking how to invest in bitcoin, bro, I would like you to know all of these things. Education is key to making an informed decision; once you have learned about it, you can determine whether or not you can make an investment because bitcoin is more than just an investment; it can be extremely risky if you don't understand it. In my opinion, you should also take things slowly and behave normally.

I didn't say anything to discourage you from investing in bitcoin; what I'm trying to say is that, based on my observations, you appear to be a new person. I'm not sure if you understand bitcoin, but if you do, you are free to invest and you can start now, not in 2024; maybe the bull run will come and the price will still go up to the point where you can't afford to buy it; you can invest now so that if the price rise you can also get a profit and I wish you best of luck.

[HelliumZ]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

But I don't understand why you prioritize January 2024 as the month you will invest in Bitcoin. Will Bitcoin Dump in January 2024? You must invest at an opportune time to invest in Bitcoin, you must wait for the market to dump. Time is now enough for you to invest. If you want to invest and hold for long term then investing in this month of December would be good for you. But the Bitcoin ETF has a deadline of January 10th so you wait. So if you get enough opportunity to invest in Bitcoin in the middle of January then invest it.

[promise444c5]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

The first way of investing in bitcoin is through learning,  might look abstract as there's no physical asset attached but u have what you need as a beginner, steps to dive into Bitcoin investment, sometimes you need to understand where on the chain structure to get into investment  . Learning  will give you a solid  knowledge on what you are do as a Bitcoin investor.  
Talking about having a physical assets , then you should know that investment in BTC might not be a real physical  asset but a virtual one inform of figures. Currently, the most confidential form of crypto investment (as of now) is BTC but even we are confident we have to prepare fore the bad side , bitcoin is not just any kind of coin though so at worst there's should be a little profit in accordance to your Capital.

Enough of the long typing , you want to invest  then consider buying and holding BTC for a long period of time, all you have to do is have a wallet and purchase a decent amount of BTC either at once or you can DCA over the period to accumuate a targ3t point for your investment

[AakZaki]

But I don't understand why you prioritize January 2024 as the month you will invest in Bitcoin. Will Bitcoin Dump in January 2024? You must invest at an opportune time to invest in Bitcoin, you must wait for the market to dump. Time is now enough for you to invest. If you want to invest and hold for long term then investing in this month of December would be good for you. But the Bitcoin ETF has a deadline of January 10th so you wait. So if you get enough opportunity to invest in Bitcoin in the middle of January then invest it.

now the price is correcting and still remains above $40,000, but this is the best price for this month to enter Bitcoin. Corrections like this can be used to accumulate bitcoin holdings for the long term. we will prepare for the ETF news that will occur in January 2024. it will be big news, but we must remain alert about what will happen later. prepare a reserve to buy when the crash occurs and continue doing DCA before the main target price is reached.

[Funke]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

The charges are relatively high in the transaction process , therefore investors , buyers and sellers thinks it is not safe for now.

[Zigabel]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Start investing now don't wait till 2024 which is in few hours from now, what's actually important is you invest before the bull run . Like I will always say, if you understand the dynamics of Bitcoin you will agree with me that the total movement of Bitcoin is bullish so why wait for a certain time before starting your investment journey, it may get to that time and Bitcoin would have gotten pass the price you met it at so you will have to spend even more to be able to invest in Bitcoin but if you have already invested now, by then you should be in profit already although there are times the price goes down but you can be sure it will definitely go up again if your portfolio is still very much enough to keep you in the market till the erra of the bull.

Investing in Bitcoin is actually timely because the entry price isn't fixed so the more you wait the much you may hv to invest to get a desired portfolio but if you invest in time, you will just be enjoying the profits in the long run although there will be times when you will suffer some losses but be patient and HODL.

[boyptc]

You get the idea that before the halving, prices are cheap but it is not easy for you to do that because you will just hear it from us that you should buy and it is never too late for you to invest.

All the suggestions that it is not too late for you buy. Now it is going to be your decision if you are going to buy because we have already told you to that it is fine to invest in Bitcoin.

We keep seeing newbies ask this questions and our answers are not going to change.

[AYOBA]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Since we're almost at the end of the year, I believe it would be best if you could wait and take your time learning about cryptocurrencies. That way, you can gain a wealth of knowledge from a variety of sources. As a newbie, you must have the fundamental knowledge and skills before beginning your investment. Since education is the greatest asset for anything one want to undertake in life, go ahead and learn more about how to succeed in your endeavors. Additionally, while you consider yourself to be a large investor, if you truly want to invest, start with a portion of your money that you can afford to lose.

[Distinctin]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Invest now before it’s too late. Though the price is high but we all know that it will be higher in the next days and months, and by that time, entering the market would require a bigger capital. But you can always chose to invest at a small amount and buy a portion of bitcoin for you to hold long term. Bitcoin has huge potentials to succeed in the future, hence we should not miss any opportunity that we are seeing in front of us.

However, my only concern is that if you are ready to invest and ready to lose. By getting ready to invest means that you know your investment well and you’re ready to lose knowing all investments has its risks and its fair share of losses. But we can always prevent ourselves not to lose a lot when we know how to make bitcoin investment right.

[Mate2237]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

The only guide people will give you is to invest now because the halving is come and the bull market there after but as for me the only their I will advise you is to invest according to you income. If your income is big, then you have to divide it into 4 then use one part to invest every week or month and all depends on the salary schedule of the work. Or there is another method you can use to invest in the DCA. So these are some of the good practice to invest in Bitcoin. Always know you income before investing in Bitcoin.

[kentrolla]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

The only guide people will give you is to invest now because the halving is come and the bull market there after but as for me the only their I will advise you is to invest according to you income. If your income is big, then you have to divide it into 4 then use one part to invest every week or month and all depends on the salary schedule of the work. Or there is another method you can use to invest in the DCA. So these are some of the good practice to invest in Bitcoin. Always know you income before investing in Bitcoin.

Yes, DCA is one of the best method and too be honest as you mentioned we should never be carried away with the current trends and popular choice because when market is good people will ask you to invest and even if it dumps by 5% they will be the first one asking you to withdraw and if we go by everyone's suggestion we will lose everything. It's better to have a calculated approach and I have tested this personally and so far it has been one of the best year of my crypto journey.

[AYOBA]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Investing carries a degree of risk, but as you mentioned, you should have guidance. Even though some coins are currently worth more than others, you should still learn about them before you start investing because you can start investing without knowing anything about them. Moreover, you can learn how to hold your Bitcoin and use the little money you currently have to make better investments later on.
Because you can acquire bitcoin now and be concerned about selling it later that month, anyone who does so will not make a profit, and it will still be a loss because you can identify your capital and talkless of claim the gain. If you wish to invest in Bitcoin, only invest money that you can afford to lose.

[Sebas.tian]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Yes, you can invest in Bitcoin now because the market price has show some signs this week that is making many investors to continue investing before the real bullish season will appear fully in this month of January.  I know you have saved some money last year, and you can start looking for potential coin to invest the money that will give you double income in the future, and Bitcoin and Ethereum are the best coins you can embrace in this January that will give you smile when the bullish season appear. Don't invest what you can't afford to lose in this season, because Bitcoin investment is different from other investment but there is no way you will invest in the bearish season and you will not have something good to achieve when bullish season show up in the market.

[Adams0001]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

OP, if I may ask, how conversant are you with bitcoin, do you have a knowledge about Bitcoin, I ask this question for a reason, because I strongly believe before a potential investor come to the conclusion of investing his or her fund in bitcoin, the knowledge and understanding of Bitcoin should be inculcated in him or her, now let me come to your question, I think my personal answer that question is yes, but that's if you are ready, make sure that you are not been forced, make sure that the decision of investing in bitcoin is yours, so that know one will be held responsible if anything happen, but I must tell you the truth, bitcoin is a good investing but all depends on your patience level, no financial advice though.

I think op is just trying to get guild on how to invest,  maybe trying to make good plans to invest in bitcoin.  I think is questions is a good one for beginner, anyone who Is planning to go into investing bitcoin it is important to get knowledge about Bitcoin,  understanding the market first. Investing bitcoin without understanding is a wrong way to start that can lead to not having better results and will surely end with regret. Knowledge is the the first step for profitable investment in bitcoin.

Exactly you need to understand everything about bitcoin before you start your investment, because without knowledge I don't think anyone will succeed in crypto journey, so just take your time and get some research about bitcoin to know how to invest for long term to get profit, because some people sold their coin early because they are afraid of losing their funds and in crypto you need to take risk if you want to succeed on it, because I don't think anyone will succeed if they don't take risk in cryptocurrency.

I am saying that you should only invest money that you can afford to lose, because sometimes the market will be bad and many people will be scared to lose their money, but if you are a good investor you will not be scared to lose because you believe that the price will surely increase for some days again and you will get your capital back and some profit, which is why they said you should invest in bitcoin for the long term.

[Agbe]

Op if you have the money then there is no need to procrastinating the investment of Bitcoin just click the buy button in any exchange or if you know anyone around that has Bitcoin then use p2p and get it done. There is no need to for foe January or any month to start the investment. But before investing make sure you know the advantages and the disadvantages or the risk involved in it so that you will not blame anyone of your downfall. Though in the investment, there is no too much risk but patient is the key.

[Sandra_hakeem]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

different ideas have been introduced to you and, some peeps have even gone as far as sharing out links to aid the process - what I'm not certain about is if you've read through this thread since the day you Posted it...
sometimes, it becomes a problem since many people will just makeup post like this to increase their count -- something similar to this has been questioned and addressed severally...
I don't wanna look like an oppositionist; all I've got to tell you is that you should learn about Bitcoin deeply - THAT'S prolly the most appropriate route to follow.

Sandra 🧑‍🦰

[HelliumZ]

OP, since you'll be investing in Bitcoin I don't think you need much advice on this for now. If you have both the willpower and the money to invest, then you should invest in Bitcoin without delay before the next bullrun in the market. Bitcoin had a big correction on January 3rd but if you haven't done guest investing then you should have invested in Bitcoin during that big correction. However, you can invest and hold Bitcoins at your convenience without delay.

[ancafe]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Whenever buying bitcoin is a much better way than waiting but never buying it. I know how you feel worried about high prices in 2024 and your worry is definitely because you are afraid of not being able to make a profit from the capital you spend. But I'm sure that understanding is wrong because bitcoin can always jump to a new price from the initial purchase because of its cycle.

Watch bitcoin's journey to previous highs and learn what factors could make bitcoin jump to much higher prices. If you succeed in learning it, I am sure you will be more confident in making purchases in much larger amounts of bitcoin at any time.

[Bitcoin_people]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

As we enter the new year and 2024 the value of Bitcoin has not changed but increased. Since the beginning of the new year has not affected the price of Bitcoin, but rather the increase, we can say that it will increase further. If you want to do bit in bitcoin then I think definitely do it because in the future as our bitcoin will be halved the price will increase more. And if you buy bitcoins before halving then you can definitely make good profit as bitcoin price is still in good position. If you buy you will surely profit I suggest you definitely buy bitcoins and hold for long term. Because if you hold, you will surely reach your investment to a successful place, so you invest with positive thinking rather than thinking too much.

[ndutndut]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Investing carries a degree of risk, but as you mentioned, you should have guidance. Even though some coins are currently worth more than others, you should still learn about them before you start investing because you can start investing without knowing anything about them. Moreover, you can learn how to hold your Bitcoin and use the little money you currently have to make better investments later on.
Because you can acquire bitcoin now and be concerned about selling it later that month, anyone who does so will not make a profit, and it will still be a loss because you can identify your capital and talkless of claim the gain. If you wish to invest in Bitcoin, only invest money that you can afford to lose.

The important thing is to invest in bitcoin according to your abilities and don't follow trends or see people buying bitcoin and then buy bitcoin without clear guidelines, of course this will be detrimental, especially if you don't have the knowledge to store bitcoin safely.

Many beginners are talkative, every time the market price starts to improve, they rush to buy bitcoin with money they are not ready to lose because they hope to make a profit in the near future. Even though we know that the price of bitcoin is very fluctuating and difficult to predict, wisely when using money in investing in bitcoin you must have a clear goal, and in my opinion the goal of investing in bitcoin is for the long term. Do the dca and forget method.

[Bushdark]

OP, since you'll be investing in Bitcoin I don't think you need much advice on this for now. If you have both the willpower and the money to invest, then you should invest in Bitcoin without delay before the next bullrun in the market. Bitcoin had a big correction on January 3rd but if you haven't done guest investing then you should have invested in Bitcoin during that big correction. However, you can invest and hold Bitcoins at your convenience without delay.

Investing in Bitcoin only should not be our only target. We need to make sure that we invest in altcoins too because this is one of the ways we can make money from the market. Altcoins market is very volatile because we have so many altcoins in the market.
If we invest in the altcoins market, we can make money from it in a way that might surprise us. Bitcoin is volatile but we can not depend on it alone as an investor in the market.

[Charmekkd]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Yes! Why not. investing in bitcoin this month is still a good time, especially if you invest in the medium term, this month will definitely be very good for investing in bitcoin. Because soon Bitcoin will enter the Halving cycle, so before that time comes, it would be better to invest.

[moneystery]

....
Yes, DCA is one of the best method and too be honest as you mentioned we should never be carried away with the current trends and popular choice because when market is good people will ask you to invest and even if it dumps by 5% they will be the first one asking you to withdraw and if we go by everyone's suggestion we will lose everything. It's better to have a calculated approach and I have tested this personally and so far it has been one of the best year of my crypto journey.

i also feel that dca is the best method for investing in bitcoin, especially for beginners who are just starting to invest in bitcoin, the dca method helps them to invest long term and mitigate the risks of the unstable bitcoin market. this method also makes it easier for investors to invest regularly and without the hassle of market analysis to determine their position, so that beginners can focus on investing without having to get tired of learning to trade like a trader.

[odunybiz]

-snip-

I think op is just trying to get guild on how to invest,  maybe trying to make good plans to invest in bitcoin.  I think is questions is a good one for beginner, anyone who Is planning to go into investing bitcoin it is important to get knowledge about Bitcoin,  understanding the market first. Investing bitcoin without understanding is a wrong way to start that can lead to not having better results and will surely end with regret. Knowledge is the the first step for profitable investment in bitcoin.

However, it seems that the OP failed to read many of the suggestions because his profile became inactive after creating this thread on December 12. I'm not sure what the motive for this thread is - certainly because the OP didn't seem to be proactive in discussing it after creating the thread.

This is one of the mistakes beginners make that needs to be avoided – of course because they still need lots of answers to increase their knowledge, but they ignore all advice and become inactive in discussions.

Don't let us just conclude on his/her proactiveness within the group since 12th of December after he/she dropped this post. He/she may be offline for some personal reasons. I believed he/she has asked this on the forum to learn. I know he/she will be back online soon to check some points given based on his/her question.

[Kristiyana]

Advising or giving you guidelines on what to do is somehow to me considering the fact that you are still a newbie here but if you have understanding on bitcoin before now no problem but if you don't I will advice you to calm down and read threads of high ranked members and understand them very well before you talk about investing in any coin.

[Mayor of ogba]

Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Bitcoin is a long-term investment, and if you are all in on bitcoin for the long term, it is good to start accumulating bitcoin this January. But before you start your bitcoin investment, you need a source of income that will cover your expenses, and you also need to keep an emergency fund that will allow you to possibly solve your unforeseen problems whenever they arise. You can adopt the DCA strategy to accumulate bitcoin because it will help to control the volatility of bitcoin in your portfolio while you continue to gain more knowledge about bitcoin.

[Baki202]

Op if you have the money then there is no need to procrastinating the investment of Bitcoin just click the buy button in any exchange or if you know anyone around that has Bitcoin then use p2p and get it done. There is no need to for foe January or any month to start the investment. But before investing make sure you know the advantages and the disadvantages or the risk involved in it so that you will not blame anyone of your downfall. Though in the investment, there is no too much risk but patient is the key.

If in any way you have picked interest in holding and you have money then you can buy and hold but for a long time, I have been planning on how to hold, I feel like if I buy or even start with a good amount that is the capital in return I will be making one hell of profit, anyone that already holding should keep holding but for me I think I will stick to trading for now.  And if you are buying from a at exchange make sure it’s an legit exchange so that you don’t get scammed, and most people don’t know the advantages and disadvantages, it good to want to make money but this something you have to know before you start investing, not just having money to invest.