What would it be like owning a Bitcoin in 2024?

[puloweh555]

So what is your take about this, would you advise on owning Bitcoin in 2024 or do you see it as a total risk?

There are definitely risks in investing in bitcoins, but you can minimize these risks by storing bitcoins in the most secure wallet and guarding those phrases well (I assume you already understand them). What's more, as long as you don't sell it, even though the price is going down, you won't lose because Bitcoin will still go up again. After all, you already know the history of Bitcoin, so what are you still confused about?

especially if you look at the current bitcoin price of $46k which is still very cheap compared to the last ATH price, if you are asking for advice on investing in 2024 of course this is the right time because this year there is a bitcoin halving moment. which of course will happen with this bitcoin halving cycle, it will create a new ATH for bitcoin. So you don't need to hesitate to invest in Bitcoin, you don't need to buy large amounts, you can do the DCA strategy from now on. Don't waste the opportunity to buy bitcoin this year, because you will regret it later.

[sulendra12]

So what is your take about this, would you advise on owning Bitcoin in 2024 or do you see it as a total risk?

There will be always a risk when investing and owning Bitcoin, we don't know that is but still we have the same fate of losses. If you are into cryptocurrency then it's really recommended to own Bitcoin and especially if you are the type of hodler to keep it for several years, because due to Bitcoin's nature then the price would go up at some point and it might reach new ATH in the future.

Also with the recent Bitcoin ETF news and upcoming halving, it could be something to look forward for.

[oktana]

No investment is 100% safe. However, in as much as Bitcoin is not also a 100% safe investment as well, at least it is a safer investment than other cryptocurrencies (altcoins). Some of these altcoins can turn you from hero to zero in a wink of an eye, but Bitcoin has never done that. My piece of advice is that you don’t have to rush and buy large quantities. You can DCA (buy little by little) till it accumulates. Think of it like a way of saving money in the bank little by little, but in this case you could earn a lot more interests.

[TimeTeller]

No investment is 100% safe. However, in as much as Bitcoin is not also a 100% safe investment as well, at least it is a safer investment than other cryptocurrencies (altcoins). Some of these altcoins can turn you from hero to zero in a wink of an eye, but Bitcoin has never done that. My piece of advice is that you don’t have to rush and buy large quantities. You can DCA (buy little by little) till it accumulates. Think of it like a way of saving money in the bank little by little, but in this case you could earn a lot more interests.

If a person wants a lil bit of assurance also, one should not venture not only in crypto market but also tangible assets.
The easiest one for me is the gold jewelry, because you can buy from auctions in pawnshops and have cheaper gold jewelries.
Crypto market in general is a very volatile venture to take, so even if you say you want to hold btc, still you need to take care of the risks involved.
And for most, buying btc today is like they are already too late, but think of the possible scenario in the coming years, are you going to buy it now or in the next years to come? So seize the opportunity while it you feel you have some advantage of.

[leonair]

True Bitcoin has had a massive turn since 2013 and was one of the year with benefits for Bitcoin investors or holders it started with $13.3 in 2013 and by October crossed over $200 unlike 2012 which was not too outstanding.

Today bitcoin is about $45,474 per dollar and many cryptocurrencies are now been generated to compete greatly with Bitcoin, leaving the fact that it is the most known  cryptocurrency most individuals are still been illiterate about it.

Although I have not yet owned Bitcoin, I understand that investing in Bitcoin is a great idea but as like others, it is not a 100% guarantee. And if owned should be stored in a non custodian wallet for safety, I would love to begin my Bitcoin journey and appreciate lots of ideas and advice from this family.

So what is your take about this, would you advise on owning Bitcoin in 2024 or do you see it as a total risk?

Bitcoin investment is always a good way to make profit. It will not give you fixed profit within a fixed period of time. You cannot guarantee when you will receive profits from Bitcoin. You need to invest in Bitcoin for the long term. And then you will suddenly see the profits. So I will give you this advice that you can invest in Bitcoin. Don't be disappointed if you invest here for a long time. And the price of Bitcoin is now showing a lot of pump and it seems that the new ATH of Bitcoin is going to happen very soon.  So you can invest in Bitcoin

[Oasisman]

Although I have not yet owned Bitcoin, I understand that investing in Bitcoin is a great idea but as like others, it is not a 100% guarantee. And if owned should be stored in a non custodian wallet for safety, I would love to begin my Bitcoin journey and appreciate lots of ideas and advice from this family.

So what is your take about this, would you advise on owning Bitcoin in 2024 or do you see it as a total risk?

IMO, you should be starting to accumulate now while you still can. Some people always have the same concern about being late at investing in crypto and that they couldn't afford the risk of lossing as bitcoin may have already peaked and reached it's full potential. We have been hearing the same concern since bitcoin was still around when it's  still in 3 digit mark. The only risk that I could see right now when you invest in bitcoin, is when you're a weak handed who would sold everything when bitcoin starts to decline.
Honestly, 2024 is a start for another bull run and a huge potential for another ATH. I didn't even feel any risk at this current rate especially that bitcoin ETF has already been approved.
Go look at the bitcoin historical data and see how it grows.

[tread93]

100,000% get your share of the very rare, very precious, very finite SATS! Bitcoin is so rare that not even a tiny fraction of all of the people on this earth of the 8 billion people could even own 1! That is a truly rare coin and a pretty epic statement when you think about it that way. Don't rack your brain how you're going to afford it, pick up on a side hustle, find ways to earn bitcoin by exchanging or trading goods or service shoot even manual labor for the chance to earn and get paid in BTC.

[PrivacyG]

If we speak about risk.

Your local Currency is a risk.  Owning it is risky business itself.  Bitcoin may be more volatile but I am not confident it is more risky to own than owning your local Currency.  This is because there is no central governance, no central emitter.  The Decentralized aspect makes it more valuable and less risky than owning Fiat I believe.

Research and find if it fits your likes and requirements for an investment that is worth it.  Some people agree, some do not that Bitcoin is a good Asset to invest in.  Find your way and your opinion.  You are on Bitcoin Talk, do you expect any of us to say it is a bad idea to invest in it?

You can own from 0.00000001 Bitcoin to as much as you can afford too, so do not start from the idea that it is almost impossible to own one entire Bitcoin today.  What is the point of not investing in Bitcoin if it follows the course of history and say its price triples by the next Halving which is in a matter of months.  You just missed on tripling your investment.  Tell me how many Stocks ever provided this opportunity before repeatedly.

I told you, you are on the Bitcoin Forum.  Ask me and I say, Buy Bitcoin!

[LogitechMouse]

~
Although I have not yet owned Bitcoin, I understand that investing in Bitcoin is a great idea but as like others, it is not a 100% guarantee. And if owned should be stored in a non custodian wallet for safety, I would love to begin my Bitcoin journey and appreciate lots of ideas and advice from this family.

So what is your take about this, would you advise on owning Bitcoin in 2024 or do you see it as a total risk?

In investing, the term "guarantee" means scam... or at least for me because I've seen many projects in the past that've used the word guarantee, and ended up as a scam.

As an intelligent investor, always take note that there's no guarantee in investing. There's no guaranteed profit, or guaranteed loss when you invest. Even many are saying that investing into meme coins is a gamble, there's always a chance that you can get profit, and vice-versa. You know OP, all things begin with a single step. Try to step up, save some money and invest into Bitcoin. You don't know until today? Maybe this is the time for you to buy some Bitcoins in preparation for the bull run.

Would I advise you to own Bitcoin this year? Absolutely. I mean in a few months, there might be a chance that we see a bull market happening, and when that happens, you will get profit in no time just by holding some Bitcoins. Of course, there might be a chance that it might not happen. All investments have risks including Bitcoin, so to answer your another question, there's a risk, but if you risk, there's a reward. Not always but sometimes.

[Sebas.tian]

Don't forget that everything about life is a risk to humanity, if you own Bitcoin is a risk, and if you have the knowledge of Bitcoin and you don't own Bitcoin is a risk too, i will advice you to try Bitcoin investment with money you can afford to lose.The very first day, I understand Bitcoin, I knew it as a risk someone can take in the time of bearish season to invest and hold for the bullish season to appear before someone can sell to earn something from the risk. I believe, you know that bearish season took over the market many years, and some experts came up with some good news in this new year that this new year 2024 will be the season of bullish market for long term investors and short term investors to have a good results to achieve.

[retreat]

As far as my experience of investing in Bitcoin goes, I can say that it was not an easy journey, at some times I wanted to sell my Bitcoin due to several things such as a bearish market or my needs, but I still held on to it.
My advice to people like you who haven't invested in Bitcoin is to first learn about Bitcoin and its risks and set your goals for the future, whether you want short term or long term investment, but you should invest long term because it is more profitable. And how do you want to invest in Bitcoin, whether with DCA or lump sump. If you already understand these things and already have the capital to buy Bitcoin, I think there is no need to delay investing in Bitcoin.

[Tony116]

Although I have not yet owned Bitcoin, I understand that investing in Bitcoin is a great idea but as like others, it is not a 100% guarantee. And if owned should be stored in a non custodian wallet for safety, I would love to begin my Bitcoin journey and appreciate lots of ideas and advice from this family.

So what is your take about this, would you advise on owning Bitcoin in 2024 or do you see it as a total risk?

IMO, you should be starting to accumulate now while you still can. Some people always have the same concern about being late at investing in crypto and that they couldn't afford the risk of lossing as bitcoin may have already peaked and reached it's full potential. We have been hearing the same concern since bitcoin was still around when it's  still in 3 digit mark. The only risk that I could see right now when you invest in bitcoin, is when you're a weak handed who would sold everything when bitcoin starts to decline.
Honestly, 2024 is a start for another bull run and a huge potential for another ATH. I didn't even feel any risk at this current rate especially that bitcoin ETF has already been approved.
Go look at the bitcoin historical data and see how it grows.

The risk of investing in bitcoin is not only in its price fluctuations. Investing in bitcoin also has potential risks such as security issues, its legality...although the ETF has been approved, many countries have not yet accepted it. In particular, security risk is an issue for which we will be solely responsible if we lack knowledge and lose our bitcoins. Therefore, those who have not invested in bitcoin can invest now so as not to miss the opportunity, but need to have basic knowledge about it to avoid unwanted problems.

[Nrcewker]

Each and every investment has risk to be honest. You can’t make money from money without taking any risk. Yes the thing is that, you need to take calculated risk to ensure maximum profit from it. Investing in Bitcoins in 2024, is really good thing. I don’t find any major risk here. You need to make your fundamentals strong that Bitcoins are limited in numbers, hence the price tends to go up each and every passing year. So in a similar condition if you already have sufficient coins in your wallet, then no one will stop you from making the maximum profit.

[Games.Bitcoin]

I would not recommend owning any bitcoins as a small investor. Because those who buy or hold Bitcoin are definitely very wise people and professional traders. Without adequate knowledge the history of Bitcoin, how to use it, any future risks and whether it is highly profitable is not worth knowing. It is impossible to know how much the value of Bitcoin has risen from its birth to today without knowing the history, so Bitcoin holders must make their own decisions whether to hold or sell their Bitcoins.

[MFahad]

Each and every investment has risk to be honest. You can’t make money from money without taking any risk. Yes the thing is that, you need to take calculated risk to ensure maximum profit from it. Investing in Bitcoins in 2024, is really good thing. I don’t find any major risk here. You need to make your fundamentals strong that Bitcoins are limited in numbers, hence the price tends to go up each and every passing year. So in a similar condition if you already have sufficient coins in your wallet, then no one will stop you from making the maximum profit.

Risk is indeed inevitable in investment. but with proper knowledge and with right steps investors can reduce the risk by big margins,.  you may think that there is not a major risk in investing in Bitcoin but that is not true, because Risk can be bigger and smaller depending on the risk taker.. if we just buy and HODL bitcoin, the risk is only based on the bitcoin price, if price drop, our investment will be in loss, if price increase our investment will be in profit,  but If the investor decide to utilize his bitcoin by trading or other kind of investment in hope of growing them further more than defiantly the risks will increase, so for beginners and people with no priorer knowledge it is better to just buy bitcoin and HODL. don't try to trade or do anything else until you full learn about all these things and know how to properly do them.

[AnonBitCoiner]

There is no issue in buying bitcoin in 2024 because in every coming year the price of bitcoin is getting more stronger so if you buy now then you will see that after four years of duration the price of bitcoin will be more than 100k$. As in the year of 2013 the price of bitcoin was not so higher but steadily and slowly in every year it gain higher worth so same will the condition in coming years where we will see more pump in bitcoin price.

Presently if you buy bitcoin now so there is a greater chance that you will make profit in coming halving but still if you become late then there is continuous opportunity in bitcoin investment from which you can easily take benefit annually. Bitcoin investment is upto a person so whenever he buy bitcoin he will be profitable because price dump is not forever process but it ends after Initiation of Bull season.

[kryptqnick]

Any investment is a risk, so that includes owning Bitcoin. Can the price drop from $45k to $30k? Yeah, I think it easily can, and maybe even lower than that. For someone, it can feel like a major investment loss, a tragedy. I also think a drop would be temporary and Bitcoin would eventually recover, but an investor needs to be able to afford to wait till that happens. I think that the end of 2024 will be a good time for Bitcoin, so owning Bitcoin in 2024 is a good thing to do, but nobody knows for sure how things will go, and maybe there will be a better time to buy later on.

[ndutndut]

So what is your take about this, would you advise on owning Bitcoin in 2024 or do you see it as a total risk?

Every investment that exists today is full of risks, there is no investment that does not have risks and if we cannot protect our assets then we will all experience the same risks. Therefore, before investing, seniors always say the importance of knowledge first, after everything is understood, then invest in bitcoin safely and comfortably without excessive fear when prices fall or in terms of storing bitcoin assets.

My advice this year is to buy as much bitcoin as possible with the funds that have been allocated, because to strengthen our finances in the future we need to invest and the most recommended investment is bitcoin. Moreover, in 2024 Bitcoin will approach its four-year cycle, of course buying now is a wise choice. Because for me bitcoin came down from heaven and paper money was created from sin and a corrupt system.

[Rengga Jati]

Today bitcoin is about $45,474 per dollar and many cryptocurrencies are now been generated to compete greatly with Bitcoin, leaving the fact that it is the most known  cryptocurrency most individuals are still been illiterate about it.

Yes, the potential for Bitcoin to continue to increase in price is very high, especially after the Bitcoin halving, the price will usually quickly increase more significantly. In fact, it definitely exceeds last season's ATH... that's the hope.

And here, no matter how many other cryptocurrencies are created or generated, the reality is that they will not be able to compete with Bitcoin. Yes, although not all cryptocurrencies are completely worthless, there are some that are truly valuable and have long term potential. However, the risk is indeed higher. That's why we have to really understand what the city wants to invest in...

Although I have not yet owned Bitcoin, I understand that investing in Bitcoin is a great idea but as like others, it is not a 100% guarantee. And if owned should be stored in a non custodian wallet for safety, I would love to begin my Bitcoin journey and appreciate lots of ideas and advice from this family.

Investing really means being in a condition that is truly ready in several respects. Good in finances, emotional maturity, and resilience for holding. Finances are important because we don't need to force it if we don't have free money to invest, the important thing is not to force ourselves with it. However, if one day you have more funds and are ready to invest, then do it wisely and on time, not when you are bullish in the new buying era. because after all, the bullish era is only short and will usually be followed by a bearish one, so don't miss the moment. unless we invest it for the long term for a few more years.

[Ben Barubal]

   Maybe it depends on each of us how we treat Bitcoin. But for me, I'm not a rich person; if I'm in the right state of life, I can say that it's not practical in my situation to save Bitcoin in the long term. Because I have low chances of being able to hold Bitcoin well enough to buy my dreams in life.

   Maybe even if I make Bitcoin profitable, it is possible in the short term, and it depends on what happens in the trading activity that I will do here to get earnings. Right now, he's not really my priority.