Can I invest in month of October?

[Different patterns]

Good day to all members of this great community! I previously asked questions and received helpful answers and advice from our elders to focus and engage with different boards to learn and grow. As a newbie, I'm eager to continue learning and have another question.

Which is I came across a news article stating that October is approaching and is a highly potential period for Bitcoin, suggesting it might be the right time to invest. My question is, is it advisable for a newbie who has never invested in Bitcoin before to take advantage of  October too Are there any limitations or considerations I should be aware of as a newbie?

The source
https://azc.news/3-reasons-why-you-should-buy-bitcoin-in-october-id29080/

[Sebas.tian]

You can invest in Bitcoin at anytime when you have the knowledge of Bitcoin, because if you don't have the knowledge and you went to invest in Bitcoin in the month of October when the bullish season is still on in the market, it may cause you to regret for not exercise patience before approaching the market. I don't think this price will decrease below $60,000 before the end of this month which the bullish season will still be extend to October, which is not advisable for newbies to invest in Bitcoin than to wait for the price to decrease back to $40,000 before they can purchase from the market. What you need to consider before taking the advantage of October is the bearish season, because the decrease will allow you to take full advantage of the month of October to purchase any amount of Bitcoin and hold for future purpose.

[Hewlet]

Good day to all members of this great community! I previously asked questions and received helpful answers and advice from our elders to focus and engage with different boards to learn and grow. As a newbie, I'm eager to continue learning and have another question.

Which is I came across a news article stating that October is approaching and is a highly potential period for Bitcoin, suggesting it might be the right time to invest. My question is, is it advisable for a newbie who has never invested in Bitcoin before to take advantage of  October too Are there any limitations or considerations I should be aware of as a newbie?

The source
https://azc.news/3-reasons-why-you-should-buy-bitcoin-in-october-id29080/

buying Bitcoin because of the speculation you read from a source that suggests that Bitcoin will get to whatever amount by October is not the best approach for me. Realistically, it's less than a weeks before October and I don't know what your plan is and how much Bitcoin you will be able to buy from now till then. A lot of speculation has been going on for a very long time and it's purely people's opinion that came about based on past data and some projection they've done. If you buy Bitcoin because of what you've read and by October nothing really happens to Bitcoin price or the market experience a DIP, what will you do? Will you  sell the few you've bought in loss?

As a newbie, what you need is Knowledge first then investment later. if you had acquired the prerequisite knowledge prio to now, you should have known that 2 months investment plan isn't a realistic one that will yield a reasonable profit most expecially when you consider that you might not have the resource to buy much Bitcoin as a starter.

My advice will be that you get the basic knowledge first, and then start buying with a small amount and work on building your portfolio for the long term. Research on best investment strategy and specifically check out how the DCA works and if it's okay with you, you can start using the DCA method. Bitcoin investment  is not a one off thing, you need to make the right plan and go about it without expecting to be profitable at it in a short interval of time.

[Justbillywitt]

It it your choice and your call alone to make. If you u have the money to invest why wait till October to invest in Bitcoin? You can invest right away and wait for the October to come. You will appreciate it the most that you invested now than waiting for October before investing. But I will like to make one thing clear, don't borrow money or be in any pressure to invest in Bitcoin because of an article you read where people are giving their own opinion about Bitcoin. Invest in Bitcoin because you want to invest in it and hold it. Because if you follow what you have read and hurriedly invest in Bitcoin with borrowed funds or money you should be using to feed, and what they said in that article don't materialised as you are expecting, you will be disappointed and heart broken. But if you already have your disposable income set aside that you want to invest, do it immediately don't wait for the October.

[Helena Yu]

Are there any limitations or considerations I should be aware of as a newbie?

Of course there are:

1. There are no guarantees Bitcoin price will reach x price like what you expect.
2. Don't go all in or take a loan to own Bitcoin as much as you can.
3. Basic knowledge to prevent from scam and how to secure your coins.

What you need to consider before taking the advantage of October is the bearish season, because the decrease will allow you to take full advantage of the month of October to purchase any amount of Bitcoin and hold for future purpose.

Wrong, actually October aka Uptober it's when Bitcoin price up, only 2 from 11 years Bitcoin price down.


https://www.coinglass.com/today

[hugeblack]

I read the article and the article will be based mainly on History of October^[1] and Technical Analysis (EMA50) in predicting the price, neither indicator may be good in predicting the price direction but if you want to make a medium-term investment (a year or a little less) with a return of more than 10% then investing in Bitcoin may be an excellent option.

[1]

[rachael9385]

Good day to all members of this great community! I previously asked questions and received helpful answers and advice from our elders to focus and engage with different boards to learn and grow. As a newbie, I'm eager to continue learning and have another question.

Which is I came across a news article stating that October is approaching and is a highly potential period for Bitcoin, suggesting it might be the right time to invest. My question is, is it advisable for a newbie who has never invested in Bitcoin before to take advantage of  October too Are there any limitations or considerations I should be aware of as a newbie?

The source
https://azc.news/3-reasons-why-you-should-buy-bitcoin-in-october-id29080/

The truth about Bitcoin investment is that you don't need to invest tomorrow when you can invest today. However am just trying to say that now is the right time for you to invest on Bitcoin because the price of Bitcoin is not that high. Besides next month Bitcoin might go higher than this month and the previous months, so I still stand in my words that now is the right time for you to get started in Bitcoin investment.
As a newbie, the important things you need to know about Bitcoin investment is how to buy and what strategy you can use to buy bitcoin and you also need to know a good Bitcoin wallet that you can use to hold your Bitcoin. For you to get big profits on Bitcoin investment you really need to HODL for long term, that's why you need to start now.

[Lucius]

~snip~
Which is I came across a news article stating that October is approaching and is a highly potential period for Bitcoin, suggesting it might be the right time to invest. My question is, is it advisable for a newbie who has never invested in Bitcoin before to take advantage of  October too Are there any limitations or considerations I should be aware of as a newbie?

It's never a wrong time to invest in BTC, there are only better and worse times in terms of the price at which you will invest.

What you are reading are just speculations based on past events that suggest that something positive could happen in the halving year, usually a few months after that event. Therefore, we can say that this is now the beginning of a new bull run, but also that it will start only in 1 or 2 months or only next year.

If you have money that you don't need right now and you can risk losing it for some reason (negative price changes, hacking, loss of wallet...) then I see no reason not to invest today. However, try to understand what you are investing in in the full sense of the word in order to reduce the risks arising from such investments.

[SquirrelJulietGarden]

Wrong, actually October aka Uptober it's when Bitcoin price up, only 2 from 11 years Bitcoin price down.

https://www.coinglass.com/today

Some other sites to check it are
https://cryptorank.io/price/bitcoin/analytics with a similar table and I remember Cryptorank.io had that table years ago, while Coinglass just copied it recent months.

Two other charts for monthly and quarterly return
https://charts.bitbo.io/monthly-performance/
https://charts.bitbo.io/bitcoin-quarterly-price-performance/

It's never a wrong time to invest in BTC, there are only better and worse times in terms of the price at which you will invest.

If you have money that you don't need right now and you can risk losing it for some reason (negative price changes, hacking, loss of wallet...) then I see no reason not to invest today. However, try to understand what you are investing in in the full sense of the word in order to reduce the risks arising from such investments.

Invest with Dollar Cost Averaging strategy and invest in long term, will give investors many opportunities of buying. It's never too late for an investor to make Bitcoin purchase for investment portfolio.

If an investor has strong belief in Bitcoin future, no reason to think it is too late to enter the market in 2024.

[Outhue]

Good day to all members of this great community! I previously asked questions and received helpful answers and advice from our elders to focus and engage with different boards to learn and grow. As a newbie, I'm eager to continue learning and have another question.

Which is I came across a news article stating that October is approaching and is a highly potential period for Bitcoin, suggesting it might be the right time to invest. My question is, is it advisable for a newbie who has never invested in Bitcoin before to take advantage of  October too Are there any limitations or considerations I should be aware of as a newbie?

The source
https://azc.news/3-reasons-why-you-should-buy-bitcoin-in-october-id29080/

You don't want to invest after we are already in a bullish month, you are to invest before the bullish month gets here, right now is a good time to have invested in different crypto assets already and just wait for October to reach.

Historically October is always a bullish month especially after the bitcoin halving to be precise, but I will advise you not to expect because anything is possible with crypto, this time might be different, so even if it is different you should be prepared not to react negatively to it.

My final advice to you as a beginner is to invest only what you can afford to lose, do not invest money that you will need in December because if your expectations don't work out by December you can end up selling for loss.

Everything you read online are speculation, even experts in crypto space do fail at their predictions at times, investing just because October is proven to be always bullish doesn't guarantee that the same will happen now.

[Text]

There's no guaranteed perfect time for Bitcoin. The article you linked mentions potential reasons for October being good, but past performance doesn't necessarily predict the future.

There aren't necessarily limitations on who can invest, but knowledge is key. The more you understand, the better equipped you'll be to make informed decisions.

[komarnickagalina248]

Last year, October was a successful month for investments, and it might be the same this year.
However, I believe it's wise not to rush into large investments right away. It's better to start with smaller amounts to better understand the market, learn how to analyze trends, and identify the right opportunities.
After all, the specific month of the year holds little significance in the crypto market.

[Sim_card]

You shouldn't invest in bitcoin because someone is giving you hopes of the price pumping in October because if it does not pump as expected you will be disappointed. You should also know that bitcoin is not a get rich quick scheme but a long term investment that is good for 4-10 years and above to limit the risk of bitcoin volatile nature. This means that when buying bitcoin, you should use your extra cash that you will not need for a long time to invest so that you don't panic and sell when bitcoin price dip below your entry point.

[Different patterns]

Good day to all members of this great community! I previously asked questions and received helpful answers and advice from our elders to focus and engage with different boards to learn and grow. As a newbie, I'm eager to continue learning and have another question.

Which is I came across a news article stating that October is approaching and is a highly potential period for Bitcoin, suggesting it might be the right time to invest. My question is, is it advisable for a newbie who has never invested in Bitcoin before to take advantage of  October too Are there any limitations or considerations I should be aware of as a newbie?

The source
https://azc.news/3-reasons-why-you-should-buy-bitcoin-in-october-id29080/

buying Bitcoin because of the speculation you read from a source that suggests that Bitcoin will get to whatever amount by October is not the best approach for me. Realistically, it's less than a weeks before October and I don't know what your plan is and how much Bitcoin you will be able to buy from now till then. A lot of speculation has been going on for a very long time and it's purely people's opinion that came about based on past data and some projection they've done. If you buy Bitcoin because of what you've read and by October nothing really happens to Bitcoin price or the market experience a DIP, what will you do? Will you  sell the few you've bought in loss?

As a newbie, what you need is Knowledge first then investment later. if you had acquired the prerequisite knowledge prio to now, you should have known that 2 months investment plan isn't a realistic one that will yield a reasonable profit most expecially when you consider that you might not have the resource to buy much Bitcoin as a starter.

My advice will be that you get the basic knowledge first, and then start buying with a small amount and work on building your portfolio for the long term. Research on best investment strategy and specifically check out how the DCA works and if it's okay with you, you can start using the DCA method. Bitcoin investment  is not a one off thing, you need to make the right plan and go about it without expecting to be profitable at it in a short interval of time.

Thank you very much, I appreciate your advice  i will follow your lead

[Dailyscript]

Dont be disappointed when October does not go as you plan because you dont have to invest in Bitcoin with the idea that the period is going to be a bullish period based on past events. Invest in Bitcoin will the right amount you want to and with the mindset that you are investing in an asset not because of what you are expecting in the next month or next year.

Since you newbie in the Bitcoin investment, I will advise you to get a better understanding of how it works. This will guide you to have a better approach to your investment. Dont follow trends, dont follow influencers on the internet, and dont get pressured by your peers who are already into the investment. Always follow your convictions and invest at your own pace. Set a timeline and target and make sure you achieved them by investing consistently.

[Oshosondy]

My question is, is it advisable for a newbie who has never invested in Bitcoin before to take advantage of  October

Honestly this is a hard question but it is not yet too late. But if you are investing on bitcoin at this time when the price is above $65500, it is not a good advice but you can invest some coins and start DCA instead. Very hard to predict what the price of bitcoin would be in October but I think the price might increase more. We may eventually got to $70000.

[dzungmobile]

Honestly this is a hard question but it is not yet too late. But if you are investing on bitcoin at this time when the price is above $65500, it is not a good advice but you can invest some coins and start DCA instead. Very hard to predict what the price of bitcoin would be in October but I think the price might increase more. We may eventually got to $70000.

People said the same when Bitcoin price was $20,000, $40,000 or $50,000 and when price crossed $70,000, they were regretful and hoped that they would have been more bravely to purchase Bitcoin with price around $50,000.

People who say price is expensive or not good for entry now will react the same when some day Bitcoin crosses $80,000 or $100,000. Invest with a single entry is not good because no investor can find best price for entry, can not time the market, so DCA is better for investors.

With DCA strategy, they can buy with time, and don't have to care what is best entry.

[Awaklara]

My question is, is it advisable for a newbie who has never invested in Bitcoin before to take advantage of  October too Are there any limitations or considerations I should be aware of as a newbie?

the limitation is to invest in your ability to use funds that will not affect your finances. there is a possibility that it is true, but there is a possibility that the increase will not be too big.
if you expect too much and put a lot of your funds there, even using funds you should not use, I am afraid you may be disappointed if it does not match your expectations.
invest reasonably, and do not chase bull runs. sometimes it makes you panic and can have bad consequences for your finances.

[Tmoonz]

Good day to all members of this great community! I previously asked questions and received helpful answers and advice from our elders to focus and engage with different boards to learn and grow. As a newbie, I'm eager to continue learning and have another question.

Which is I came across a news article stating that October is approaching and is a highly potential period for Bitcoin, suggesting it might be the right time to invest. My question is, is it advisable for a newbie who has never invested in Bitcoin before to take advantage of  October too Are there any limitations or considerations I should be aware of as a newbie?

The source
https://azc.news/3-reasons-why-you-should-buy-bitcoin-in-october-id29080/

One important thing that you should know is, since it is Bitcoin we are talking about here there is no best time if the plan is to buy and hold for as long as necessary, Bitcoin investment requires time in order for the value to appreciate over time, there is a saying that goes by, the first best would have been yesterday and the second best time is today, the point is invest when there is money readily available for investment, Bitcoin is not a quick and get rich scheme, it is best performed when viewed on a long term perspective of having the compounded value of your investment over time, possibly 4 to 10 years or more, don't invest without having that personal conviction to enable you make an informed decisions, ensure there is a back up funds as an emergency funds so as not to sell your investment too soon to solve your emergency problem. As a newbie it is always encouraged to utilize the potential of the DCA strategy so you can be in the market while learning other things along the line without timing the market conditions.

[liasbaa]

My question is, is it advisable for a newbie who has never invested in Bitcoin before to take advantage of  October

Honestly this is a hard question but it is not yet too late. But if you are investing on bitcoin at this time when the price is above $65500, it is not a good advice but you can invest some coins and start DCA instead. Very hard to predict what the price of bitcoin would be in October but I think the price might increase more. We may eventually got to $70000.

Maybe get ATH. In fact, it is difficult to predict the value of a valuable asset like Bitcoin, even though it is a volatile asset. But as a normal investor I expect we will see another ATH by October. I think the bull run has started and every investor should be patient and take care of the holdings to increase the profit margin.