Many people cycle trade btc. They buy the dip and hold till they make 4x or better profit.
So if you grabbed coin at 15 or 16 k you may want to sell most of your coins at 69k and up. Then buy at the next crash.
Topic: After the bull-run plan. - page 6. (Read 919 times)
We are all aware of Bitcoin halving that is predicted to happen by next year 2024. The first halving in November 2012 moved the price of bitcoin from $12 to $200 in one year. The second halving which took place in July 9, 2016, pushed the price of Bitcoin to $19,700 in one year. In the last halving in May 2020, Bitcoin’s price surged from $8,787 to nearly $69,000 in November 2021. It is usual for the price of Bitcoin to fall immediately after each bull run but the price of Bitcoin has kept appreciating above past bull runs.
During this events block rewards for miners get reduced by half as part of Bitcoin protocol design which happens every four years to manage the rate at which new Bitcoin are generated. As regards to this many predict a possible pump might accompany the next halving which is not a guarantee because the relationship between halving and price pump is really complicated.
The general assumption for so many bitcoiners is that the bull run is a time to sell and make a profit. There is nothing wrong with selling and making a profit but it is also important to have an after-the-bull run plan. The bull run shouldn't be the end of your Bitcoin investment, so there is no need to sell all your holdings. The future of Bitcoin is far beyond next year's bull run, so it is time to plan ahead of the season. I have observed that most people who make money from Bitcoin don't just have a four-year investment plan. Some of them have kept their coins for a decade which means they have a long-term plan. If you don't have an after-the-bull-run plan, you might not have the opportunity to accumulate Bitcoin that you have sold.
If we pay close attention at the market moves we will notice a few principal factor have also contributed to how price have moved during this season:
Market Sentiment: If we watch how investors perceive the market during this season and how the go about with their sentimental investment approach we see how much it significantly affect market price. While we anticipate for the next halving let's not forget The crypto market can be full of hypes and optimism, which may lead to one of two things negligence or increased buying activity and price appreciation.
Historical Precedent: From past occurrences, Bitcoin has experienced significant price rallies following previous halvings, which in itself is very logical. When the supply gets reduced more attention will be drawn to the asset which could load to higher prices but using past performance to predict future result might not be positive all the time.
Market Speculation: During this seasons we see traders and investors try to take advantage of the price movement around Bitcoin halving. Since this often leads to high speculative activities their is always chances of price volatility occurrence.
External Factors: We shouldn't also forget other external factors like regulatory development which has always been one of the key battle line for Bitcoin as well as global events, adoption trends and macroeconomic conditions.
Conclusion :
It is principal to note that in as much as Bitcoin halving has the potential of creating a very conducive market structure for price increase, It is never a guarantee. We all know the market is volatile and subject to speculative and rapid fluctuations. So a long-term plan in view could be one way to approach the market so that it don't take us unawares.
Lastly in all investments and trading decisions ensure to conduct thorough research and pay more attention to the volatility of the market that could also serve as guide in what direction to take during the halving.
During this events block rewards for miners get reduced by half as part of Bitcoin protocol design which happens every four years to manage the rate at which new Bitcoin are generated. As regards to this many predict a possible pump might accompany the next halving which is not a guarantee because the relationship between halving and price pump is really complicated.
The general assumption for so many bitcoiners is that the bull run is a time to sell and make a profit. There is nothing wrong with selling and making a profit but it is also important to have an after-the-bull run plan. The bull run shouldn't be the end of your Bitcoin investment, so there is no need to sell all your holdings. The future of Bitcoin is far beyond next year's bull run, so it is time to plan ahead of the season. I have observed that most people who make money from Bitcoin don't just have a four-year investment plan. Some of them have kept their coins for a decade which means they have a long-term plan. If you don't have an after-the-bull-run plan, you might not have the opportunity to accumulate Bitcoin that you have sold.
If we pay close attention at the market moves we will notice a few principal factor have also contributed to how price have moved during this season:
Market Sentiment: If we watch how investors perceive the market during this season and how the go about with their sentimental investment approach we see how much it significantly affect market price. While we anticipate for the next halving let's not forget The crypto market can be full of hypes and optimism, which may lead to one of two things negligence or increased buying activity and price appreciation.
Historical Precedent: From past occurrences, Bitcoin has experienced significant price rallies following previous halvings, which in itself is very logical. When the supply gets reduced more attention will be drawn to the asset which could load to higher prices but using past performance to predict future result might not be positive all the time.
Market Speculation: During this seasons we see traders and investors try to take advantage of the price movement around Bitcoin halving. Since this often leads to high speculative activities their is always chances of price volatility occurrence.
External Factors: We shouldn't also forget other external factors like regulatory development which has always been one of the key battle line for Bitcoin as well as global events, adoption trends and macroeconomic conditions.
Conclusion :
It is principal to note that in as much as Bitcoin halving has the potential of creating a very conducive market structure for price increase, It is never a guarantee. We all know the market is volatile and subject to speculative and rapid fluctuations. So a long-term plan in view could be one way to approach the market so that it don't take us unawares.
Lastly in all investments and trading decisions ensure to conduct thorough research and pay more attention to the volatility of the market that could also serve as guide in what direction to take during the halving.
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