Are you increasing your bitcoin investments because of today halving ? - page 5.

beerlover

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Quote from: Ultegra134 on April 27, 2024, 12:19:10 AM

So, let me get this straight: you're no longer investing in Bitcoin because its value is too high at the moment? I understand your point, and there's certainly nothing wrong with diversifying and opting for other investments as well, but doesn't that work against the principle of DCA, something that is commonly promoted on the forum and advised by many members to newer ones, as a safe-ish way to invest in Bitcoin?

I'm personally not into altcoins for long-term holding, although I've made some reasonable returns on a short-term basis, but I understand your point. Despite that, you're still earning Bitcoin through signature campaigns, so unless you're using these funds elsewhere, you're practically investing in both simultaneously.

There are "some" people like that, which I understand and I feel like we are going to end up with a lot of them in the end, they end up investing into altcoins and not into bitcoin at all. I think it's quite obvious that we are going to end up with people like us who invest into bitcoin as well. It's not that easy to make a big difference in the crypto world, sometimes we do make a big difference and sometimes we do just enough, I feel like that's all that matters in the end.

I think it is going to be easy enough and clear enough that bitcoin is the least risky asset to invest into, yes maybe it won't go 100x and that's why some people avoid it, but it would also not crash to zero and that's why we do not stay away from it neither. I believe it is still by far the best asset to invest into.

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Quote from: krishnaverma on April 20, 2024, 12:51:23 PM

Are you increasing your bitcoin investments because of today halving ? For how long do you plan to hold this new investment from here on.

All Bitcoin enthusiasts try to increase their Bitcoin portfolio before halving because halving means a decrease in Bitcoin circulation and ultimately an increase in Bitcoin price. Bitcoin's price increases every four years as per its design. Currently the Bitcoin price has stabilized at a level I think should be invested from now. Because the post-halving bullish sentiment has not started yet. If someone is holding bitcoins for halving I think they will have to wait longer. And those are doing DCA have a chance. They will have the opportunity to increase their bitcoins during this period. I haven't closed my DCA yet I'm interested in growing my bitcoin portfolio. Everyone hoping to profit from Bitcoin kept their investments going during this period. Bitcoin platform is more promising than other platforms. Those who can envision that future must have continued to invest in Bitcoin.

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Quote from: krishnaverma on April 20, 2024, 12:51:23 PM

Are you increasing your bitcoin investments because of today halving ? For how long do you plan to hold this new investment from here on.

I am not increasing my investment into Bitcoin, I hold with the intention never to sell. A fraction of my overall networth is in Bitcoin, and holding it is a storage of wealth and hedge against the rest of my portfolio, with the remainder being ETFs, real estate, previous metals and cash.

I simply use a DCA (Dollar Cost Averaging) process, with a daily purchase created on a centralised exchange. Once the exchange balance meets my risk tolerance of how much I would be willing to lose, I withdraw it to my cold storage. This limits the amount of UTXOs I create as well, and saves me on fees from the exchange as they normally fix them to 25 USD per withdrawal which can be quite impactful if I did daily withdrawals to cold storage.

The reason my investment to Bitcoin is not increasing is because my DCA allocation has already been decided based on what I can reasomably invest without ever needing to sell. The biggest issue some Bitcoin investors do is over allocate and in situations when they need more liquid cash for emergencies or other personal reasons they must sell their Bitcoin. You want to do everything you can to prevent this, by choosing the right DCA allocation, and not diveating from this plan unless you have surplus capital.

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Quote from: krishnaverma on April 20, 2024, 12:51:23 PM

Are you increasing your bitcoin investments because of today halving ? For how long do you plan to hold this new investment from here on.

First and foremost, even without halving, I’m already determined to increase my hodlings because I believe of bitcoin’s high potentials to grow in the future. This halving is just a bonus. But even without it, bitcoin alone has already proven its usefulness and profitability for all those years, which made me believe to stick to it no matter what. Although I also want to diversify at some point, but I’ll always keep bitcoin having the highest allocation compared to other assets or investments.

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Quote from: krishnaverma on April 20, 2024, 12:51:23 PM

Are you increasing your bitcoin investments because of today halving ? For how long do you plan to hold this new investment from here on.

I don’t think halving creates a bigger impact for those people who have high interest to invest in bitcoin. Because for me, most especially with the current halving, it never made an essence to my investment but I believe the best thing will happen when the bull run has finally come. This is the reason why as much as possible, I don’t want to miss any chances if there are opportunities to invest. And as long as I have spare money to DCA, I never fail to add more bitcoin in my portfolio because that’s the only way I will come to grow my bitcoin asset in my portfolio.

CageMabok

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Quote from: krishnaverma on April 20, 2024, 12:51:23 PM

Are you increasing your bitcoin investments because of today halving ? For how long do you plan to hold this new investment from here on.

Even though I still continue to invest in Bitcoin after the halving, I still haven't set a target for how long I will hold onto my Bitcoin investment since the halving occurred even though I also have no plans to sell it in the near future. Because some people say that next year the crypto market conditions will still be quite good and Bitcoin also has the potential to increase even more, so it makes it a little difficult for me to determine a target for how long I will hold it. Although on the one hand Bitcoin investment has become a good enough investment for everyone so that people who continue to hold it from now on will not experience defeat in the future.

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Quote from: Bushdark on April 27, 2024, 04:05:09 AM

Some persons thinks the halving is going to make the price of Bitcoin to skyrocket immediately but that is not the way it actually works.
We can make profit in the Bitcoin market in a long time interval not immediately for us to expect the price of Bitcoin to shoot up immediately. Those that think in this manneray not have the patience to wait and observe what could be the outcome of investing in the market for so long which can be very much profitable.

If we want to invest anywhere and get the profits we want, we have to be patient and wait a long time, not a short time, to get big profits. I will continue to increase my assets in installments every month. I am confident and confident in this asset, by looking at various aspects, including the technology, and looking at the track record from the initial launch until now. It would be better if we continued to increase our assets if we were sure that we would never look at the price, Indeed, it feels very difficult to buy now because the price is quite high, But you have to remember that the price in the next 5 years or 10 years will be much higher, as we are all sure about this asset.

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Quote from: dansus021 on April 27, 2024, 05:22:11 AM

But if you guys have money Buying bitcoin now is still worth I mean the ATH is around 70K ish and I believe it could go higher at the end of 2024

It can be higher for this year or by 2025. Whichever is going to come first, it doesn't matter because we're basing it on the past cycles and the possibility is high to see another ATH. However, we've already seen a new one pre-halving at $73k.

And with that pre-halving ATH, there's a chance that will be higher than that.

But, do you guys are sensing the feeling of others that they're saying that the pre-halving ATH was the ATH that we're all waiting for? Because it's different this time but I'm more bullish than of those speculations that they're saying.

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Quote from: Bushdark on April 27, 2024, 04:05:09 AM

Some persons thinks the halving is going to make the price of Bitcoin to skyrocket immediately but that is not the way it actually works.
We can make profit in the Bitcoin market in a long time interval not immediately for us to expect the price of Bitcoin to shoot up immediately. Those that think in this manneray not have the patience to wait and observe what could be the outcome of investing in the market for so long which can be very much profitable.

Yes, if someone is serious about investing in bitcoin, the best time to buy bitcoin in bulk is during the bear season, such as in 2022 when bitcoin falls below $20k if someone has a lot money and trust in bitcoin, they should allin at that time. At this time, when the bitcoin price has increased many times compared to the bottom in 2022, this is no longer a good time to increase the accumulation of more bitcoins.

Those who are thinking this way are just speculators and will be taking a very high risk because there is no guarantee that bitcoin will continue to increase in price in the near future. Investing in bitcoin requires a long-term vision, not just focusing on the halving.

avp2306

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Provably not since I just do what I am doing from the past and keep accumulating base on the amount which I can afford to spend. I never think about trying to increase my holding just because of this event since for I think a year or almost reaching that I already starting to accumulate. I'm afraid that those big correction will happen and that could possibly bother me especially if there's large amount poured while bitcoin price is so high.

That's why I rather follow my DCA plan then continue to hold maybe for another 4 years since provably or I believe that at that time we can see bitcoin to reach at 6 digits in figures which is really possible to happen. Maybe there are people just increase their investment because they are been hype but hopefully they are prepared for anything that can possibly test out their patience.

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Bitcoin halving has occured and the price seems hit a correction my portfolio today is 100% altcoin and now Is bleeding hard Grin

I like buying on top this is my mistake I just assume after halving occur we are gonna se bitcoin reach 75K-80K and the altcoin would be carried aswell but the truth is I buy alt on top bitcoin start to fell and altcoin start to drop

But if you guys have money Buying bitcoin now is still worth I mean the ATH is around 70K ish and I believe it could go higher at the end of 2024

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Quote from: krishnaverma on April 20, 2024, 12:51:23 PM

Are you increasing your bitcoin investments because of today halving ? For how long do you plan to hold this new investment from here on.

No, I still do continue trading. My goal is to increase the Bitcoin that I currently have without investing money, meaning I want to trade it until I have more Bitcoin and I don't care what is the current price of it. Also, we've already seen the halving multiple times and it's not just after the halving the price would immediately pump. Correct me if I'm wrong but I think after the previous halving it took more than 100 days before it eventually pumps, so we'll see what would happen on the upcoming months.

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Quote from: krishnaverma on April 20, 2024, 12:51:23 PM

Are you increasing your bitcoin investments because of today halving ? For how long do you plan to hold this new investment from here on.

I increased my bitcoin investment because I want to earn even greater profits. It wasn't because of the halving but because of the desire to get bigger profits that made me keep trying to accumulate more bitcoins.
I've been holding bitcoin for the past few years and am still trying to do so until the price goes through the roof. After that, I will sell it to take the profit, which may happen this year or next.
After the halving, it is a good time for me to sell some of the bitcoins I own so that I can start investing in Bitcoin again when the price starts to experience a correction. But this might be different from what other people do because we don't have the same plan.

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Some persons thinks the halving is going to make the price of Bitcoin to skyrocket immediately but that is not the way it actually works.
We can make profit in the Bitcoin market in a long time interval not immediately for us to expect the price of Bitcoin to shoot up immediately. Those that think in this manneray not have the patience to wait and observe what could be the outcome of investing in the market for so long which can be very much profitable.

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Yes halving is an important event, but to be honest if you are a hardcore Bitcoin investor, then you don’t care about this. Not only due to this halving, but also I regularly buy the coins whenever possible and when I have funds for investment. I know that Bitcoins are limited in numbers, hence I use this as an advantage. I try to accumulate as many Bitcoins as I can irrespective of the price. I know a time will come when the demand to accumulate the coins will be high, but due to the fixed supply, the price will go up.

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Quote from: krishnaverma

Are you increasing your bitcoin investments because of today halving ? For how long do you plan to hold this new investment from here on.

Since some researchers came up with some information, that the price of Bitcoin will not decrease below $50,000 before the price will increase higher for investors to begin to experience another bullish season, it has made many investors to start accumulate their Bitcoin once salary or money appear in their account to purchase and hold for another four years before they can release for sale. Now that the price has decreased to $62,543 in the market, i think it will allow investors to achieve their goal in the future, because the price of Bitcoin will still increase higher for those that used this current price to purchase from the market not to regret from their decision when the price increase higher. I understand one thing in Bitcoin investment, how long you hold your Bitcoin give you reason why you will not miss your opportunity in the future, because the price of Bitcoin use to hit new ATH in every bullish season which it will definitely increase higher above $73,462 investors have experienced as the highest price in the market.

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Quote from: Alone055 on April 27, 2024, 01:25:24 AM

Everyone has their own ways and strategies for making investments. This is not the first time I've heard someone saying they are not buying because the price is too high because they make investments only when the price is very low like when it is in the bear market. After all, that provides better profits in the long run.

People who think differently wouldn't like this strategy because even if you buy at a higher price, as long as you know that the market has a higher possibility of going up than going down, you can still make some profit, and as we know we are expecting a bull run in the next couple of years, so making investments right now might not be a bad idea but as I said, it depends on someone's mindset and how they see the market and how they want to make their investments.

For me, if I have the funds, I wouldn't mind buying some Bitcoin even if it's high because I'm optimistic that the price will go up in the next few months.

That's understandable, and it's why I've explained on another thread that the DCA principle isn't always ideal or foolproof. However, at the point we're at right now, I can't imagine how low Bitcoin could possibly go unless something completely unexpected changes the flow of events. The bear market is the ideal period to accumulate Bitcoin. I remember getting paid as much as 3 mBTC per week from signature campaigns due to the lower value. That period was a huge boost for my Bitcoin acquisition. However, I doubt that we'll ever see such price levels again. With that being said, I'd still consider distributing some money in Bitcoin as well, provided that I have the budget to do so.

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Quote from: krishnaverma on April 20, 2024, 12:51:23 PM

Are you increasing your bitcoin investments because of today halving ? For how long do you plan to hold this new investment from here on.

I'm increasing my Bitcoin investments, but not because of the halving event, but because I believe that after the event, we will enter the bull run.

Just basing on the history of the price of Bitcoin, its price goes up significantly a few months after the halving event. I also believe that most of the investors are stacking up some Bitcoins as of this moment so that they can sell it a year from now or during the bull market. As for how long I plan to hold my Bitcoins, I will only hold all of my Bitcoins during the bull market because anytime at that time, I will sell all of it... or at least most of it. I already set my selling targets, and I will follow them no matter what happens. I don't want to do the same mistake that I did in 2021 again.

As for others out there, try to increase your Bitcoin positions as much as possible. There is still a chance for you to earn profit at least. If you believe that Bitcoin will reach $100,000 this time, then you can still make at least 20-30% depending on what time you bought it. You just need patience, the risk your money.

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Quote from: Ultegra134 on April 27, 2024, 12:19:10 AM

So, let me get this straight: you're no longer investing in Bitcoin because its value is too high at the moment? I understand your point, and there's certainly nothing wrong with diversifying and opting for other investments as well, but doesn't that work against the principle of DCA, something that is commonly promoted on the forum and advised by many members to newer ones, as a safe-ish way to invest in Bitcoin?

Everyone has their own ways and strategies for making investments. This is not the first time I've heard someone saying they are not buying because the price is too high because they make investments only when the price is very low like when it is in the bear market. After all, that provides better profits in the long run.

People who think differently wouldn't like this strategy because even if you buy at a higher price, as long as you know that the market has a higher possibility of going up than going down, you can still make some profit, and as we know we are expecting a bull run in the next couple of years, so making investments right now might not be a bad idea but as I said, it depends on someone's mindset and how they see the market and how they want to make their investments.

For me, if I have the funds, I wouldn't mind buying some Bitcoin even if it's high because I'm optimistic that the price will go up in the next few months.

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Starting to accelerate Bitcoin buying after the Halving event has always been a good decision in previous cycles. This cycle is a bit different as Bitcoin price is quite high compared to the peak price in the previous cycle. Therefore, in my opinion, we should not buy it all at once at this time, we should choose the strategy of buying DCA from now until the end of the third quarter of this year.

The increasing demand for owning Bitcoin is indisputable at this time. However, the FOMO mentality of buying all at once at one price can make you feel uncomfortable when the price adjusts downward. We know that Bitcoin price and the market are in a short-term correction trend, but if you no longer have money in hand when the price continues to go down, it is easy to create the psychology of selling on the Bitcoin you just bought.

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