I have been wanting to invest in Bitcoin for a long time but I always have a fear about investing.
Until you defeat that fear or learn how to control your emotions over the bitcoin volatility, don't invest otherwise, it'll cause you unhealthy and will make wrong decisions at all costs either when price rises or decreases.
So since this forum has many experienced people about Bitcoin. Can you tell me why the price of Bitcoin increases and why the price of Bitcoin decreases?
Bitcoin is a volatile assets and its depends and supplies drives the market price with uncertainty and for the sake it's decentralized, investors sentiments will always manipulate the price performances unregulatedly.
Will it be profitable to invest in Bitcoin now?
Anytime is okay to invest but it depends on the duration you'll hold on to it.
Meanwhile, holding for a long time fixes the risks of the short term events.
On the long run, it had proven a tradition on the halving which alternates the bull and bear seasons on every four years cycle.