Are you increasing your bitcoin investments because of today halving ? - page 6.

Ultegra134

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Quote from: EarnOnVictor on April 23, 2024, 03:46:22 AM

About Bitcoin, I've put a stop to its investment since last year, and as an investor of many years in the field of the financial market, it is not advisable to continue to buy an asset at a high level, it is always detrimental, especially if something unforeseen happens at that unattractive level. Needless to say, the expected value is no more worth the risk since there is no way one will make 3 times their investment in Bitcoin in this bull season again, so why still risk it even as we are not yet sure if 2 times the increase is still certain in this bull run.

A lot of questions are being asked at this point, and if care is not taken, one may make regrettable mistakes by believing that Bitcoin will always behave the way it did in the past. I started my Bitcoin investment in 2020 and I was committed to pumping it every week then, so I've had enough and with what I've gained so far, there is no way I can miss out on this world cake anymore. My focus is on altcoins now and it has been so nice for me, and I am sure when the altcoins season comes as usual, it will be a very good testimony by then.

There is nothing wrong with diversifying.

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.

sheenshane

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Quote from: krishnaverma on April 26, 2024, 07:51:12 PM

Quote from: R100K-Martin-Lunger on April 23, 2024, 01:43:39 PM

I keep investing regardless of the time - buy the dip and the high. Also, I continue to HODL because I have faith it will cross 100k, if not in a few months then by the end of the year and will probably continue to hold till it crosses 250k.

What is your average buying price ?

IMO, which is the best idea is to focus on consistent investment by using DCA rather than trying to time the market.
What I mean is that grab the opportunity when there's a market correction because it can influence the average buying price of investments that can be made through DCA, with the potential to lower it during periods of declining prices. This is one of the benefits of using DCA to determine the buying point.

Don't make things more complicated by making such a decision.
Just invest and hold it for the long term and aim for a target amount of profit.

coinerer

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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.

For Bitcoin halving I will not decide to invest in Bitcoin again because I have already decided to invest in Bitcoin. and I have already planned for halving that I will follow DCA and invest in Bitcoin till my retirement age as per my ability. and I have faith in Bitcoin that my Bitcoin holdings will support me financially in my old age. Because at that time the price of Bitcoin will increase much more. People who believe in Bitcoin don't wait for halving they are not worried to invest on bitcoin at any time

erep

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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.

Why not, there is something to think about that will happen after the event, the market reaction after the Halving will determine the next price of bitcoin. Most investors will continue to plan to save as much Bitcoin as they can afford, even though they are not influenced by the Halving event, they will continue to buy Bitcoin as a long term investment regardless of the events that occur during the accumulation period. I estimate that Bitcoin still has a chance of reaching its maximum price next year. The experience of the previous Halving is a benchmark for investors in carrying out accumulation because after the Halving occurs it will always be the beginning of an increase in Bitcoin prices.

Bd officer

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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 invest in Bitcoin with any specific target, I invest in DCA method when I have money in hand. I invest in DCA method as per my ability. Since my investment volume is not large enough, my plan is to continue investing in long-term DCA method. Suppose there is a plan to hold till 2029-2030, I don't know if I can implement my plan. If one aims to invest now and sell in the upcoming Bullrun, there is ample opportunity for them to invest now. Currently, the price of Bitcoin is slightly increasing and slightly decreasing. No one can say exactly when Bulran will start. So if you want to invest then you can invest. Because the market is currently low, this may be your last chance to invest.

krishnaverma

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Quote from: R100K-Martin-Lunger on April 23, 2024, 01:43:39 PM

I keep investing regardless of the time - buy the dip and the high. Also, I continue to HODL because I have faith it will cross 100k, if not in a few months then by the end of the year and will probably continue to hold till it crosses 250k.

What is your average buying price ?

R100K-Martin-Lunger

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I keep investing regardless of the time - buy the dip and the high. Also, I continue to HODL because I have faith it will cross 100k, if not in a few months then by the end of the year and will probably continue to hold till it crosses 250k.

Hamza2424

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Quote from: GbitG on April 20, 2024, 05:08:20 PM

Ahan! That is really great as you are still accumulating Bitcoin for your portfolio if you don't mind may I ask you a question buddy you said that you are investing/accumulating Bitcoin for your portfolio weekly so this accumulation is from the weekly payment that you received from the signature campaign or you are investing into bitcoin from another source well there will be no problem you don't want to tell/share this part but that's really great you are still accumulating bitcoin.

Well, I hope you have filled your bag up in the recent dip of the market where we noticed that all the projects were in the good buying range along with bitcoin but To be very honest I was not able to invest more on that time because I did not available any USDT in my accounts well there is no problem haha as we know everything happens is for our good. Hope/wish we all will enjoy this bull season together.

EarnOnVictor

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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.

About Bitcoin, I've put a stop to its investment since last year, and as an investor of many years in the field of the financial market, it is not advisable to continue to buy an asset at a high level, it is always detrimental, especially if something unforeseen happens at that unattractive level. Needless to say, the expected value is no more worth the risk since there is no way one will make 3 times their investment in Bitcoin in this bull season again, so why still risk it even as we are not yet sure if 2 times the increase is still certain in this bull run.

A lot of questions are being asked at this point, and if care is not taken, one may make regrettable mistakes by believing that Bitcoin will always behave the way it did in the past. I started my Bitcoin investment in 2020 and I was committed to pumping it every week then, so I've had enough and with what I've gained so far, there is no way I can miss out on this world cake anymore. My focus is on altcoins now and it has been so nice for me, and I am sure when the altcoins season comes as usual, it will be a very good testimony by then.

There is nothing wrong with diversifying.

CryptoBuds

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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, why don't we focus on accumulating as much bitcoin as possible when the bear season comes and the lowest price during the bear season in 2022 is 15k-20k? That's the best time to accumulate bitcoin, not now. If you use your money to buy bitcoins now, with the same amount of money, you can accumulate 3 times the current amount of bitcoins by 2022.

I believe that most people have accumulated enough bitcoin for themselves and what people are doing is waiting for the bull season to come. It's not too late to ramp up your bitcoin purchases, but that's no longer ideal.

laijsica

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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 didn't seen the expected downward trend in the price of BTC before the halving, it seems quite ready for a bull run at the moment. I have been and continue to be in DCA as much as I can - I know the price will move forward quickly. But I expected more price dips because I saw prices dip a lot before the last halving. Bitcoin investors are busy holding more at the moment so the price may have missed the opportunity to go down. So I am more focused on long-term holding as well as continuing to accumulate bitcoins in DCA. Hopefully I will enjoy the rewards of the long-term investment upcoming future.
However, my small foray into holding bitcoin from my own position as a small investor will motivate me more in the future because I don't have the fear of investing - which I used to have in other investments. So the focus should be on bitcoin holding at the moment.

martinex

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Quote from: Kelvinid on April 23, 2024, 02:24:35 AM

I'm currently holding but maybe the decision can be changed depending on the market trend. And for how long? That still also depends on the price movement. Of course, I definitely sell my BTC once the price hits my target.

True. it's good to wait and prepare some other usdt to prepare for buying BTC again if there is pressure where price reversals will occur at any time, especially when miners sell their mining results even though we know the price is still not massive BTC increase, no. The condition of the fee will always be so if the traffic is heavy. So, I think what you did is quite reasonable and precise.

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.

From the OP question above it may sound like an ordinary question, but I see it maybe as a reminder for those who haven't prepared for it because this is the most awaited moment at least a little preparation before the BTC price takes off even higher.

Kelvinid

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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 not, the fee is too high and I badly can't move my BTC if I ever buy it as I don't want to keep it in the exchange wallet. It was not a good time to buy, not in the case of the halving event unless there are deeper corrections. Maybe some are buying but I know that the majority are just observing the market situation. If we are buying before halving, I think there is no need for now.

I'm currently holding but maybe the decision can be changed depending on the market trend. And for how long? That still also depends on the price movement. Of course, I definitely sell my BTC once the price hits my target.

Mauser

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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.

Not really, looking at the current Bitcoin price we are still on the similar levels as a few weeks ago. As long as the price is moving around the 60-70,000k levels I wouldn't change much to my investment strategies. In general, I try not to be affected too much by price changes and keep following my DCA method instead. But when reaching new ATHs it becomes harder not to constantly check prices and trying to adapt my investment strategy. The DCA method has been my best approach to acquiring bitcoins over the years. Assuming that Bitcoin is still going to grow the same it has the last few years, then buying new coins today is fine. But should we be really changing our strategy completely? There is no guarantee that BTC is going to reach another ATH, it could also be that there is another big crisis in the world and price fall again. Which makes DCA so attractive, we are not putting all our money into one single purchase. I am in the crypto world for the long run and so will be my Bitcoin allocation. It also helps with setting aside a fixed monthly amount from my salary for saving/crypto purchases and gambling. Like that I can make a purchase every few weeks and don't have to worry too much about prices moving against me.

OrangeII

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To be honest, I haven't increased the bitcoin assets I own, but if I had a lot of money, I probably would. On the other hand, I have already invested in popular altcoins, and hope that the price will also rise when the price of bitcoin has entered a bull market.
However, I believe that very many people who have invested in bitcoin have increased their assets little by little before the halving happened, and after the halving happened. They will probably continue to do this until the bull market occurs. Until now, there has been no significant effect on crypto prices, so I think until now, increasing the assets we own is still very necessary.

GbitG

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Quote from: Rruchi man on April 20, 2024, 05:20:16 PM

Just like I replied to another topic, if you plan to hodl this investment from now until the next halving which will happen in four years, it is also not a bad plan. Starting now with this investment to accumulate more bitcoins will mean that in the next halving you will be among the major investors who benefit from it too.

Deciding to reduce your investment or stop hodling because this Halving is past will be a very bad choice that you can regret later. No matter the value that this halving will take the value of bitcoins to, there will still be room for profit making.

My another opinion is that Isn't it wiser if someone doesn't buy Bitcoin now if they are willing to keep them until the next halving and should wait for the bear market that comes after the bull run to make their purchases? I believe it is because if you are buying at $65k and not selling even if you are getting 2x of your investment in the bull run, it's better if you don't buy right now and wait for the market to crash once again. After all, as history says, it does happen in each cycle.

So if I was to invest and buy Bitcoin with the intent to keep them until the next halving, I would wait for the bull run to get over and then when the market starts going down and we enter the bear market, that is when I would make my purchases as I would get more Bitcoin with my capital that way.

The Cryptovator

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To be honest, I haven't accumulated any new bitcoin. I am holding a small amount of bitcoin and have a target to sell it. During the dip a few days ago, I accumulated a few top altcoins and am waiting for a pump. Unless I make profits from there, I don't have the intention to accumulate more bitcoin right now. But yes, I have some reserve funds for emergency cases; in case Bitcoin falls unrealistically and dips too much, I would use my reserve funds to accumulate Bitcoin.

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I'm constantly increasing my bitcoin stash by being in a signature campaign. What I earn each week goes to my permanent savings plan Wink

If you're asking whether I'm planning to buy more bitcoin for fiat the answer is no. I have enough bitcoin and barely enough fiat money as I've turned most of what I had in the bank into bitcoin long time ago.
This means that I now have more than 100 times more money in bitcoin than I have in the bank, so increasing my bitcoin position makes no sense, but if you don't have any bitcoin or you're more of a 1% bitcoin type of investor then go ahead and get more.

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Absolutely, but would rather wait for a crash first which I think is likely to happen given how low market volume is now. The time it will again crash, I would make a entry to fill my bag more and wait for months until the market recovers. It will always be a waiting game; if you are one of those who are expecting for an instant pump because of halving then you need to make another strategy on the upcoming bullrun.

Quote from: Ndabagi01 on April 21, 2024, 01:28:49 PM

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 need to increase my bitcoin in the portfolio because of the halving. Before halving, few years back, I always thought that halving comes with a lot of rewards attached to it immediately the halving takes place. After understanding that the bitcoin halving is just a step to reduced price of miners and does not come with anything significant immediately it takes place, I just decide one should rather stick to their long term strategy of accumulating bitcoins and high is through DCA. Some research have said that the halving can make the market go up or even go down depending on the market conditions before the bull run arrives. Bull run is unpredictable, so just stick to the DCA, it would be better for one.

Good thing that you managed to bought early and if that's the case and if you're already satisfied with your portfolio then waiting for the bullrun to start, is the only thing you should be doing right now. I did the same thing but I still add on my portfolio especially if there is an opportunity, not only with Bitcoin but also with other coins that I think has the potential to bw profitable. Bullrun is indeed unpredictable, what matters now is how consistent we are of believing that something big is about to happen for this industry.

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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 need to increase my bitcoin in the portfolio because of the halving. Before halving, few years back, I always thought that halving comes with a lot of rewards attached to it immediately the halving takes place. After understanding that the bitcoin halving is just a step to reduced price of miners and does not come with anything significant immediately it takes place, I just decide one should rather stick to their long term strategy of accumulating bitcoins and high is through DCA. Some research have said that the halving can make the market go up or even go down depending on the market conditions before the bull run arrives. Bull run is unpredictable, so just stick to the DCA, it would be better for one.

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