Can I invest in month of October?

[_act_]

Why wait till October, before you can buy Bitcoin, from what I've read too, October, will be a bullish month. If you're going by what is said about October, then you need to buy now and wait for it. Although nothing is certain and nobody really knows what Bitcoin price will be in October, everything that you hear are just speculations. As some experienced members have suggested to you on this thread, it's better to equip yourself with Bitcoin knowledge first before investing so that you will not panic unnecessarily when price begins to dip when you're expecting it to skyrocket. You can decide to buy now and hodl or you can wait till after the bull run, then buy in dip when we'll enter bear run.

I prefer to buy bitcoin during the dip. That is why I can not buy bitcoin this time because I have already bought some already when the price was low. I think buying now will not hold so much profit for me if bitcoin will not surpass $100000 or maybe it will surpass the six digits nobody know yet. Just like you said, what people suggested are just speculations, but if he can hold even if bitcoin do not increase in October, the price will still later increase, either this year or next year but I prefer for higher profit which is investing after huge bear market.

[khiholangkang]

Why wait till October, before you can buy Bitcoin, from what I've read too, October, will be a bullish month. If you're going by what is said about October, then you need to buy now and wait for it. Although nothing is certain and nobody really knows what Bitcoin price will be in October, everything that you hear are just speculations. As some experienced members have suggested to you on this thread, it's better to equip yourself with Bitcoin knowledge first before investing so that you will not panic unnecessarily when price begins to dip when you're expecting it to skyrocket. You can decide to buy now and hodl or you can wait till after the bull run, then buy in dip when we'll enter bear run.

I prefer to buy bitcoin during the dip. That is why I can not buy bitcoin this time because I have already bought some already when the price was low. I think buying now will not hold so much profit for me if bitcoin will not surpass $100000 or maybe it will surpass the six digits nobody know yet. Just like you said, what people suggested are just speculations, but if he can hold even if bitcoin do not increase in October, the price will still later increase, either this year or next year but I prefer for higher profit which is investing after huge bear market.

I am the same as you, the purchase when it comes down is better than in the moment like now because of the potential for profit and atmosphere or buying it different, we only feel happiness at this time when Bitcoin rises again above $ 60k- $ 65k after struggling for a long time to penetrate the price level $ 60k last month, the market was lethargic like an opportunity for people like us to buy rather than the market like now.
But for anyone who wants to enter Bitcoin I think it is helped by each other's readiness, because all the risk of speaking of finances someone we don't know, in October or now it is also not bad for those who want to enter Bitcoin, there is still enough time for beginners To start a really bitcoin in a bullish state.

[Abu-Naim]

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/

Is there any special period for Bitcoin or crypto investment? I am hearing this for the first time OP, but I hope it will be helpful for you even though Bitcoin investment can be anytime provided you have your capital to invest whenever the price goes down or use DCA method to invest whenever you have a spare money you cannot use anytime soon.
You can learn about trading if you want to be investing anytime because Bitcoin and altcoin trading or crypto trading in general can be done anytime because the market is moving up and down always. Don't wait for Bitcoin price to drop down before you think of investing in Bitcoin, you can be investing whenever you have money so that you can accumulate a reasonable number of Bitcoin within some period of time.

[Nwada001]

From the little I have learnt, I think is a wrong approach for a newbie trying to figure out the right time to enter in to Bitcoin, if truly the plan is to invest and hold for a long time rather trading for short term profit, the advice I have always seen as newbie investor is to get started preferably with the DCA strategy of accumulating Bitcoin by buying frequently either weekly or monthly without considering the price points.

There is also nothing entirely wrong with trying to learn when is the best time to enter the market, especially in times like this when price is not stable. If there is a chance for the person to use a lesser amount to get a high volume, then the chance should be taken.
 
The question that was asked is based on the speculation that surrounds the internet about how the month of October will be for bitcoin, as there has always been a positive result in the past years for the month of October.

[Zoomic]

Is there any special period for Bitcoin or crypto investment? I am hearing this for the first time OP, but I hope it will be helpful for you even though Bitcoin investment can be anytime provided you have your capital to invest whenever the price goes down or use DCA method to invest whenever you have a spare money you cannot use anytime soon.

Everyone have their own investment strategy which they believe works best for them. Everyone want to buy when the price is low, how do they really know the perfect 'low' price they'll be comfortable with to buy bitcoins? I believe anyone who is ready to invest in bitcoin should buy immediately and wait for it to appreciate. My key words here are ready, buy and wait. As long as you are ready to invest and you are patient too to invest for a very long time, your investment must definitely appreciate. There is no point waiting when you can invest now

[Porfirii]

Is there any special period for Bitcoin or crypto investment? I am hearing this for the first time OP, but I hope it will be helpful for you even though Bitcoin investment can be anytime provided you have your capital to invest whenever the price goes down or use DCA method to invest whenever you have a spare money you cannot use anytime soon.

Everyone have their own investment strategy which they believe works best for them. Everyone want to buy when the price is low, how do they really know the perfect 'low' price they'll be comfortable with to buy bitcoins? I believe anyone who is ready to invest in bitcoin should buy immediately and wait for it to appreciate. My key words here are ready, buy and wait. As long as you are ready to invest and you are patient too to invest for a very long time, your investment must definitely appreciate. There is no point waiting when you can invest now

Yes. You can try to guess probability patterns looking at the data in green in the previous pages, and be right, or wrong, as past results are not indicative of future performance. So the short answer, and also the best one from my perspective, is to buy when you have the spare money and want the coins. Or you can set a few days/weeks and wait if the price fluctuates for example a 10% below the current price, and buy at discount, but with the risk of missing the train. So as we don't know the future, I'm afraid that there is no right or wrong answer to the OP's question. Simply do as you please according to your personal preferences and situation, and don't ask for forecasts nobody knows.

[SamReomo]

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?

Yes, it's advisable to invest in Bitcoin whenever it's price is low, at present time Bitcoin is already high in value because a few days ago its value was still below $60k, and now it's over $65k, and that's why it depends that either you want to invest in it now or wait for a dip so you can invest in it. I personally never invest in Bitcoin when it's value gets higher but some people recommend that type of investing.

There's high chance that in next 3 months Bitcoin might get to $80k in value but we can't neglect the fact that the market always goes up and down and those up and down movements will continue to be part of the market. Bitcoin's current value at $65k can be good buying point if it gets to $80k value in next 3 months but if it goes below $55k then many newbies will get dishearten, and that's why I recommend you to learn about the market and its volatility first before investing in Bitcoin.

[nakamura12]

It all depends on you if you decide to invest on October or won't invest at all. Anyway, it doesn't have to be on October or something like that since as I have explained that it's entirely up to you to invest or not. As many people would say, it's not to late to invest in bitcoin though you know or learn about bitcoin years later which means you didn't know about bitcoin when it already existed for many years. You should try investing in different cryptocurrency (you should choose crypto that are on the top rank).

[LogitechMouse]

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?

It's good that you got some helpful answers here, and that's always the case here. Those experts out there are sharing what they know about the question. It's just that, there are some newbies who are asking some kind of non-sense question that's why they will also get a non-sense kind of answer. Nevertheless, I believe that experts here are very helpful as long as they know what they're answering.

If you will just base it on the price history of Bitcoin during the month of October in the past 10 years, you will see that Bitcoin's price tend to be bullish at that time. There's a chance that it might happen again this year especially that everyone is expecting for a bull run to happen. Now I'm not saying that I'm 100% certain that it will be a bullish month because there's always a chance that it might not happen like what many are expecting. Just look at Bitcoin this month. Based on history, September tends to be a bearish month for Bitcoin, but it will end up around 10% or even more since.

Anything can happen, but will I recommend it for you as a newbie? You can still I guess, but continue learning and invest only a few bucks.

[Saint-loup]

I would say no , except if you do it at the very begginning of october because as you could have seen on some tables posted by some members above, October is one of the more profitable month of the year for Bitcoin. The second behind November for the average value (+23%) and the first one for the median value with +28%. So if you wait too much, you could buy it at a high price and face a harsh drop in November, December and January.  Fortunately, February is a good month for BTC price with +16% for the average and +15% for the median value.

https://www.coinglass.com/today

[Miles2006]

What’s the special event? I don’t think anyone can predict when to buy bitcoin, You buy when the money is available and accept the market condition either bull or bear market but, it’s better to take advantage during bear market. After reading the article one of the major reason they feel buying bitcoin during October is important is due to past event and they feel bitcoin will rise, that’s normal because everyone have their different opinion about the market. I will urge you buy regular using dca or any strategy of your choice including buying bitcoin anytime not just October, starting now is okay because bitcoin still have better opportunity compared to October only. Following social articles concerning when to buy can’t be trusted most times people do sell in lose just because they read something online without making personal research, buying bitcoin has no limit so anyone can buy bitcoin any time.

[tvplus006]

Yes, it's advisable to invest in Bitcoin whenever it's price is low, at present time Bitcoin is already high in value because a few days ago its value was still below $60k, and now it's over $65k, and that's why it depends that either you want to invest in it now or wait for a dip so you can invest in it. I personally never invest in Bitcoin when it's value gets higher but some people recommend that type of investing...

Of course, in this case, the difference is 5 thousand dollars. But I am sure that OP is not going to buy 1 BTC, so the difference on his investment will not be so big. But in this case, he will always have the opportunity to buy more BTC if the price drops.

[NicNacCoin]

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/

Investing is a personal thing in this case if you have enough money and if you are interested in investing and have not invested yet then you can invest.  Also if you are in doubt whether to buy from this instant market or buy at a lower price then you can continue investing using the DCA method.  If you use DCA method in your investment then I think your investment will be more successful.  Since you are a newbie and you don't have a very good idea about the market, it is important to use your DCA method right now.  It's not yet October, the market is still in lows, so you can invest.  However, you must use a secure wallet to hold your investment.  Keep your wallet seed phrase in a safe place where no one can steal your investment if you can secure your wallet.

[Smartvirus]

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

If there was a period to Bitcoin investment, I bet no one would invest eventually. Because even in that time, people would rush in too quick and that would in turn creating a buying frenzy if I could call it that and that would result in volatility which would definitely push price and turn Bitcoin to just a pump and dump commodity. You wouldn’t want that and neither would I, that’s why you don’t need to wait a time or month to buy.
If you’ve got the funds, then by all means you should be buying regardless of the month and have a better plan towards holding the coin

[Mayor of ogba]

Since bitcoin is a long-term investment before one can benefit from it, there's no perfect time to invest in bitcoin. If your money is readily available, you can start your bitcoin investment right away without even waiting for October to come. If you want to start your bitcoin investment, use the money you can afford to lose or the money you can do without for a long time so that you will not be dismayed if there's a little drop in bitcoin price. Also, when you are investing in bitcoin, no matter how shitty your source of income could be, you should always keep emergency funds so that if there's any unforeseen problem, you can use your emergency funds to solve it, and it will make you hold your bitcoin for a long term because you will not depend on it to solve your unforeseen problems.

[Roseline492]

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/

First of all you made a right move in asking this question in other to make a good investment decision, so actually the fact that Analysis has it that Bitcoin price are normally favourable in the month of October shouldn't make you to have the believe that the moment you invested on Bitcoin you will start making profits, perhaps let's say the Bitcoin price increases on the month of October and you have only invested $50 do you think there would be any much increase on your funds? So since you are just starting I would advise you think about how to really go into Bitcoin invest deeply and not for profits making because if what you would easily gain on the month of October is what brought you into Bitcoin then you need to have a change of mind.

[Franctoshi]

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/

Before you think of investing your hard earned money, you should be aware that the cryptocurrency market is a volatile one , and there is a possibility that you could lose all your money if time is not taken .

Don't wait for best opportunities to present to Blyuy your Bitcoin, as you may or may not have opportunity to buy in the best price.
Bitcoin is forging ahead into its bull run, therefore if one buys now isn't a bad investment, though the best time to accumulate is during a bear market.

Use DCA method to stack some tats, this will help you to solve the problem of trying to buy at the best price or time.

[Marykeller]

My advice to you is don't go by what news articles told you about Bitcoin before you think of investing in it; invest because you feel convinced and you want to risk your money in Bitcoin.

Many people are being misled by what news articles they read as news about Bitcoin. When they didn't see that happening as to what they read, they became furious and aggravated that this was not what they read about Bitcoin that got them to invest in it.

However, to avoid such a situation happening to you, invest in Bitcoin anytime you have spare money. It can be this October or November, anytime you feel like, so long as you have a long-term investment plan because that should be the goal.

[RockBell]

I prefer to buy bitcoin during the dip. That is why I can not buy bitcoin this time because I have already bought some already when the price was low. I think buying now will not hold so much profit for me if bitcoin will not surpass $100000 or maybe it will surpass the six digits nobody know yet. Just like you said, what people suggested are just speculations, but if he can hold even if bitcoin do not increase in October, the price will still later increase, either this year or next year but I prefer for higher profit which is investing after huge bear market.

That is like the usual thing to do when you want to invest in bitcoin so that you don't miss the opportunity of buying and the dip will always open up that opportunity once in a while so that you can buy and accumulate it,  most people have already purchased bitcoin and they are just waiting for things to change but it is looking as if nothing is going to change for now. You want to invest and yohd considering the money then you can buy in fraction. This 100k speculation is still in people's mind and we are still watching that is what people that are holding can do. We can not say for sure that bitcoin will increase this October, bitcoin price is not something that you can predict i can assure you of that. But when it happens and you are holding then you don't have a problem then. The bear as been long around now so the next bull run will be an heavy blow qm very sure of it, the longer the bear the longer the bull will get when it starts and I love how people have this strong conviction about bitcoin.

[Samlucky O]

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?

Investing in bitcoin doesn't have day, month or year. Just invest any day or anytime, provided you have the fund to invest. If you have it in mind to Invest in the month of October to make profit and it didn't work out that way, you will have a negative though about bitcoin or seing the person that advices him as a bad person because he/she didn't give you the right information. The right information is that bitcoin is not a get rich quick scheme, so you would have to invest continuously either with DCA , lump sum or buying the dip till you have accumulated a reasonable amount and hope for Bitcoin to pay In the future.