Is bitcoin worth investing in?

Bitcoin is extremely volatile. If you are willing to take the risk, first make sure you understand what you are investing in and have a crypto investment strategy.

Also, make sure you aren’t investing simply because you have a fear of missing out.

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There are a number of questions you should ask yourself before getting involved:
Do I understand what I am investing in and how bitcoin and the crypto market work?
Am I happy with the level of risk?

How much more expensive is it now compared to a few months ago? If so, why am I wanting to buy a thing because its price is higher? Where else in my life do I do that?
Is there any evidence to suggest prices could rise even higher?

If I buy it now with a view to sell it for even more later, who do I think will buy it from me for that higher price and why?
Have I convinced myself that I am in some way “in the know?”

If you don’t have answers to these questions, it’s probably not a good idea to invest. If you do buy bitcoin, make sure you aren’t putting the money you need on the line.
Thanks for reading!

Investing in BTC is a nice idea, but timing ENTRY and EXIT points is very important.

Unlike in Forex trading with automatic leverage, you buy BTC without leverage - unless you own BTC based Forex trading account with a Broker that offers certain leverage which is not as high as the values offered in regular Forex trading.

Therefore, if you buy BTC from the open market (from someone or via a platform) you must be ready to buy WITHOUT leverage, and proportionately invest a higher amount for buying a reasonable volume of coins in order to make a reasonable profit.

For example:
If you are cocksure your charts are correct and won't fail in the near future, you can buy 1.0 BTC at around US$24k, and hold it till price hits US$30k.

If you are well-informed and surely know what you are doing, you do not need to have anyone ready to buy your BTC at US$30k. All you need to do is simply convert your BTC into US$ and have ready US$30k cash, which nets you US$6k profit (= 25% net profit) from your initial US$24k investment.

Next, you can simply take out your US$6k profit, or hold all US$30k to later buy BTC at the next dip on your chart.

Very simple as that!

But if one had to trade Forex with US$24k at say 1:200 leverage, that yields US$4.8M leveraged trading capital. And if you decided to risk just 10% of this leveraged capital, that means US$480k risk exposure that should buy no less than 4.8 lots of the pair USDCAD (for example). And if this was your only investment without risk diversification, a projected 500 Pips rise in USDCAD price could yield you 4.8 * 500 * USS$10/Pip = US$24k = 100% net profit, which makes Forex trading much different from raw BTC trading.