What would it be like owning a Bitcoin in 2024?

[Darker45]

Yes, of course, you should own Bitcoin not just in 2024 but even beyond. Actually, you can't expect a different answer coming from this forum. This is Bitcointalk.

Let's not be stuck in the past. Owning Bitcoin when the price was just tens of US dollars or a couple hundred US dollars is of course great, but we can't turn back time. We have today when the price is just $46,000. The potential remains great. A new ATH must be reached soon. A 6-digit price would be in store in the near future. And it could continue to grow more.

And the most important point of course is that Bitcoin provides us freedom. No other currency offers what Bitcoin has.

[1715057757]

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[0t3p0t]

To be honest it is quiet tricky because of the current attack by ordinals that lets you limit any transactions due to high fees. And owning Bitcoin right now makes you own portions of it in a much higher price compared to the previous years. But yeah owning Bitcoin is much better than owning any other liabilities. DCA is for me the most effective way to acquire Bitcoin right now at it's current price.

[MarjorieZimmermanGinger]

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.

I use electrum to store bitcoin and so far it is still quite comfortable and safe to use. If at this time you still don't have Bitcoin then you should hurry and try to make a purchase in the amount that you can. Bitcoin has experienced a significant increase in the last few weeks as the current cycle, you have to hurry to buy it if you want to get the maximum profit when Bitcoin gets a new ATH.

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

Risk while in Bitcoin you cannot ignore because this asset is quite speculative and there is no problem for me let alone buy Bitcoin in 2024. If you understand the process of the Bitcoin cycle then buying at any time is still quite supportive, the most important thing is you can understand the impact of necessary risk minimized.

[nickmayhem]

Risk while in Bitcoin you cannot ignore because this asset is quite speculative and there is no problem for me let alone buy Bitcoin in 2024. If you understand the process of the Bitcoin cycle then buying at any time is still quite supportive, the most important thing is you can understand the impact of necessary risk minimized.

Definitely agree. Then there's election in US and god knows what kind of scary stuff is going to come out (As if its already not enough)

BTC halving is around the corner and Central Banks are buying Tons and Tons of Gold. https://www.goldheadlines.com/2024/01/01/gold-price-outlook-the-ups-and-downs-in-2024/

From whichever angle I see the Fiat looks like a losing trade. 

[Zigabel]

You should own Bitcoin at anytime you have the resources to get one because after now the price will not remain the same. Making it even more difficult to own at that's time, just like you stated in your post, over the years it has been a continuous increase in the price so most definitely few months or years from now it's not going to be same as it is now so the best time to invest is now and don't wait any further, you can purchase in units if you can't get one Bitcoin now due to its high price.

There has been no business or investment opportunities that doesn't come with its own related risk, so it's very important you understand that it comes with its own risk but if you are patient it's whole profitable in the long term.

[RockBell]

You should own Bitcoin at anytime you have the resources to get one because after now the price will not remain the same. Making it even more difficult to own at that's time, just like you stated in your post, over the years it has been a continuous increase in the price so most definitely few months or years from now it's not going to be same as it is now so the best time to invest is now and don't wait any further, you can purchase in units if you can't get one Bitcoin now due to its high price.

There has been no business or investment opportunities that doesn't come with its own related risk, so it's very important you understand that it comes with its own risk but if you are patient it's whole profitable in the long term.

That is one of the disadvantage of not owning on time, you will lose a lot of opportunity of getting so the best thing is when people are saying buy. Its better to buy because if you don't buy time will come that you have  to wait again to time again To be able to invest. And the focus is to invest and make profit and that is why people are encouraged to invest. And that is the most interesting thing about investing in bitcoin that you can buy in units you don't need to have millions before you invest. Because that is what majority of people think so we need to shear with them that its a new beginning and invest while we still can. When you even talk about risk in bitcoin all you think is about is that you will lose your money and it very possible but follow instructions and your safe.

[Cryptomultiplier]

You should own Bitcoin at anytime you have the resources to get one because after now the price will not remain the same. Making it even more difficult to own at that's time, just like you stated in your post, over the years it has been a continuous increase in the price so most definitely few months or years from now it's not going to be same as it is now so the best time to invest is now and don't wait any further, you can purchase in units if you can't get one Bitcoin now due to its high price.

There has been no business or investment opportunities that doesn't come with its own related risk, so it's very important you understand that it comes with its own risk but if you are patient it's whole profitable in the long term.

That is one of the disadvantage of not owning on time, you will lose a lot of opportunity of getting so the best thing is when people are saying buy. Its better to buy because if you don't buy time will come that you have  to wait again to time again To be able to invest. And the focus is to invest and make profit and that is why people are encouraged to invest. And that is the most interesting thing about investing in bitcoin that you can buy in units you don't need to have millions before you invest. Because that is what majority of people think so we need to shear with them that its a new beginning and invest while we still can. When you even talk about risk in bitcoin all you think is about is that you will lose your money and it very possible but follow instructions and your safe.

It is good to act on the motion of owning BTC now, even if it is just a few Satoshis that exceeds the withdrawal limit on any exchange one fancies using.

To own just one BTC is quite expensive for those who even have the means to invest, not to talk of a medium or low income earner trying to own one. The price is still climbing and it is currently nearing the $45k mark.
So tell me, is $45k too small or too big to any individual willing to own just one BTC?
The answer is for every individual to  get, but the advice is still to buy a few Satoshis and accumulate now, before the price gets higher and coins get scarce.

[Crypto Library]

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

If you are a beginner in trading and don't know much about bitcoin trading, And also want to do short-term trading on bitcoin for now then I think it's kinnda difficult to say you can able to make profit. So in short-term trading I will say yes it will be kinnda risky for investment now. Moreover investment is always risky, and bitcoin also contain risky all time.
But If I say about the long-term holding then, I can guarantee that owning Bitcoin will be always profitable. But you have to know some fundamental knowledge about it and also make a good DCA method for risk free.

[Mate2237]

Now that Bitcoin is still on the rate of $44k to $47, I will say it not yet risky to buy Bitcoin but you can buy it but with big amount and not small amount again. If you buy Bitcoin with small amount you might not make good profit again because the anticipating price of the year is $55k though some are predicting $100,000 and if you invest now and Bitcoin hit $100,000 then you will make profit. And my take on Bitcoin this year is that Bitcoin will make good results in this year and it has started by SEC approving Bitcoin ETF.

But if you interested in trading then there is no limit in that but the limitation might only found in investment because when the price goes to the ATH, those beginners who want to invest might pause and start when the price comes down again they can invest but it is a personal decision in which they can invest if they are preparing for a long term investment.

[Dr.Bitcoin_Strange]

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?

OP, you have written this post like a good researcher and labeled the fact that the Bitcoin price started at a low level and now the price has hiked. It seems to me that you have actually done some research on Bitcoin investment already, and from what you have even said in the original post, you already have a reason as to why you actually have to invest in Bitcoin.

But if you need more clarity, then I want you to know that Bitcoin is a volatile asset. I want you to know that it is very wise if you only invest the amount that you are willing to hold for a long time. I want you to know that storing Bitcoin on a centralized exchange is not an option for storing your coin. I want you to know that after this bull market, another will surely come in 2028/2029. If you invest now, you can still sell in the future when price has sky rocket.

Investing in Bitcoin in 2024 is not a total risk, but it depends on how long you are willing to hold your investment. Ask yourself this question; If you invest now, will you be able to hold your coin until the price reaches $80k-$100k+?

[taufik123]

-snip-
Investing in Bitcoin in 2024 is not a total risk, but it depends on how long you are willing to hold your investment. Ask yourself this question; If you invest now, will you be able to hold your coin until the price reaches $80k-$100k+?

Long-term holding with an adjusted price target will not pose any risk, other than focusing only on the main target.

Starting to invest in 2024 with Bitcoin prices above $46++ looks quite risky in the short term,
but when looking at the long-term, Bitcoin has not yet passed the last ATH at $68k.
This is still a good opportunity to reach the price of $80k-$100k.

But will they be able to withstand it or not?
It depends on how they believe in the main goal that has been made.

[Dr.Bitcoin_Strange]

-snip-
Investing in Bitcoin in 2024 is not a total risk, but it depends on how long you are willing to hold your investment. Ask yourself this question; If you invest now, will you be able to hold your coin until the price reaches $80k-$100k+?

Long-term holding with an adjusted price target will not pose any risk, other than focusing only on the main target.

Starting to invest in 2024 with Bitcoin prices above $46++ looks quite risky in the short term,
but when looking at the long-term, Bitcoin has not yet passed the last ATH at $68k.
This is still a good opportunity to reach the price of $80k-$100k.

But will they be able to withstand it or not?
It depends on how they believe in the main goal that has been made.

Boss taufik123, I think you are using more easy terms (layman explanation) to rephrase what I already said, probably for a better understanding of the OP. But regarding the question you asked, it's still the same reason why I said that OP should decide how long they are willing to hold onto their Bitcoin without wanting to sell due to price panicpanic or any reason.

You know that there are some people who will end up investing the money that they are supposed to use for another project, they do this because they feel they might have made a little profit from Bitcoin before the need for that money arises. Unlucky for them, the need for that money will arise when the price of Bitcoin is either low or not yet up to the price they were expecting to sell.

That's the reason why I tell people to invest the amount that they can afford to hold until they make a profit.

[The Cryptovator]

If you're investing in Bitcoin and don't want to take a risk, it's pretty much impossible at all. All cryptocurrency investments are risky, and you have to invest something you can afford to lose. You can own Bitcoin at anytime; you don't need to wait for that. Regret about the past won't help you gain anything. So right now, the DCA strategy would be best for investing in bitcoin. Just try to accumulate on every dip you find. Take a risk with your savings if you want to be a gainer. Have to hold for a long time as well.

[dunfida]

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?

Invest on what you can afford to lose would be always the main key.! Also, when it comes to investment then we do know that there's no such thing about being late on which it isnt really that new anymore
that there would really be people who would really be skeptical or would really be that mindful in regarding into their positions on which they do really believe that they are really that indeed late.
This is why they would really be that skeptical or would really be having that kind of hesitance on the time that they would be deciding on owning one. Accumulation period should have done on last last years on this current cycle on which i could say that it was the best or sweetest spot for you to maximize that profitability.

Arent you gonna make yourself interested nor really looked fascinated specially now that it is ETF approved? Huge funds would really be that
flowing into this market and owning Bitcoin would be considered to be that a good or best choice specially that we arent still on bull run
period yet.

[bitzizzix]

If your goal is only for the long term, in my opinion, whenever you want to own Bitcoin this year, this month, or today, even before, is fine. And the most important thing is that you buy it within your means or use money you can afford to lose.
However, you are also required to have basic knowledge and understanding of Bitcoin, because what you need to know is that Bitcoin is volatile so you have to accept it wisely. And as long as you do it in the long term, Bitcoin promises big profits, but you also have to be patient in waiting for the best and most profitable moment to sell it.

[Mr.right85]

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

You would be in the wrong space if your on this forum and haven’t decided yet on owing a Bitcoin or at least, fractions of it. Seriously, all investments comes with a great measure of risk and Bitcoin is no different but, with the history you’ve known it for as stated in OP, what you’ve seen it done over the years, it’s not a currency that if opportune, you should give up on or not give in to.
The idea remains that you should diversify your portfolio of which, it might count in Bitcoin and altcoins for some. While it boils mean, having some Bitcoin while trying out other forms of investment outside cryptocurrencies.
The most important thing here is, ensure you aren’t slacking on owning a Bitcoin if you can afford or fractions of it. It would do you a great deal of good than just seating on the sidelines and watching others accumulate them coins.

[South Park]

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?

You are asking this on a bitcoin forum, so it should not be surprising that most users will be in favor of holding bitcoin and buying it at its current price, but if you were to ask the same on a forex forum, the answers you may get may be different, that being said investing in bitcoin is a good choice, but only if you truly understand what you are doing, as if you are like most of the newbies that come to this market and you are in it only for the money, and you have no knowledge at all about investing, then it will be difficult for you to achieve those goals.

[Issa56]

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.

Are coins still being created to compete with bitcoin? It’s funny when I see people saying a particular coin is trying to compete with bitcoin, no coin can even compete with bitcoin. I don’t think any altcoin will be able to survive if they go through what bitcoin has gone through. The funniest part is that most of the coins that people do say they will be competing against bitcoin are just shitcoins. I will confidently say that no coin can compete with bitcoin. That’s why I always choose bitcoin to be the safest coin 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.

For any investment you are making, there is no 100 percent guarantee, even if your investment is physical. I will really love it if you invest in bitcoin before the price goes up. Just take your time to learn the basics, which you should know, and don’t forget that if you are making investments, they should be for a long period of time, investing for a short period of time is not advisable when it comes to bitcoin investment.

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

I have been advising people to hold bitcoin, and I will keep on advising people to hold. We are expecting the bitcoin bull run at any moment, so it’s better you hold bitcoin, but we all should know that there is risk involved in it, so always invest any amount you can afford to lose.

[Z-tight]

Owning BTC this year is the same as any other year, you have to buy what you can afford to lose, store your coins in a self custodial wallet and have a very good opsec. BTC spot etf has just been approved in the U S., the BTC halving is going to happen in a few months time, so big events are happening this year and it is going to be an interesting one for the BTC investor who simply wants to make profit.

[mirakal]

Despite of the high risks, it’s still ideal to buy and own bitcoin for our future benefits. And once we started owning bitcoin, it’s our responsibility to secure its privacy and safety by storing it in a non-custodial wallet wherein others cannot access but only ourselves. With that, it’s always safe not to disclose private information about our wallet and even our owned bitcoins, that is to get rid from the scammers that are always eyeing for their next victim.

Owning bitcoin holds high responsibility, hence if you have no knowledge about bitcoin and its investment, then never dare to enter bitcoin investment. Bitcoin has a lot more of valuable to offer but you should also learn to pay its price and it’s associated risks.