Avoid Procrastination, Buy Bitcoin And Prepare For The Next Halving. - page 7.

Stella Mese

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Quote from: Kakmakr on July 07, 2023, 12:40:56 AM

I think it is a little bit too early to hype the "Halving" Roll Eyes

.... because it is only scheduled to happen next year around April. Yes, the impact of the "Halving" can be seen about one or two months before the actual "Halving", because the markets reacts before the actual event... but it is still too far in the future.

In any way... in my experience with the "Halving" ... I can honestly say that it has very little impact on the price. It will increase in the first two months before the event, when the media coverage highlight it.... and then it is gone. Tongue

yes, surely you are very experienced about halving because you have joined this forum for a long time too so you must have experienced events before BTC halving and so on.

it's true, actually, in this case, the movement of the btc price is very difficult to predict, although it can be said that soon there will be a btc halving and indeed the intention here is that it will take quite a long time, because now it can be said that it is still the middle of 2023, while the btc halving is in 2024.

but in my opinion there is nothing wrong with what the op said because it is true that if for example we are interested in buying btc we can do it but in the case of buying btc of course we have to be vigilant because we will not know the price of btc, because the btc price could have dropped even more sharply to the bottom. but in this case it's up to the person who wants to buy because there are times when if our don't have the courage to buy, of course our can potentially miss the train.

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Quote from: Victorik on July 07, 2023, 06:28:05 AM

Procrastination is not the only reason why some of us are not buying BTC. Some persons actually want to buy but don't currently have the funds to do so.

True that but if a person has a reason to invest in Bitcoin, he will always do his best to invest and can use the method of saving just to fulfill the want to invest in Bitcoin. I would also follow the advice of taking advantage of the opportunity to buy Bitcoin at a discount when FUD is everywhere instead of panicking and eventually selling the BTC holdings.

DoublerHunter

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Quote from: Hypnosis00 on July 07, 2023, 05:35:14 PM

Quote from: Kakmakr on July 07, 2023, 12:40:56 AM

I think it is a little bit too early to hype the "Halving" Roll Eyes

.... because it is only scheduled to happen next year around April. Yes, the impact of the "Halving" can be seen about one or two months before the actual "Halving", because the markets reacts before the actual event... but it is still too far in the future.

In any way... in my experience with the "Halving" ... I can honestly say that it has very little impact on the price. It will increase in the first two months before the event, when the media coverage highlight it.... and then it is gone. Tongue

I'm not surprised that people are talking about halving as we are expecting something good things happen in the market. In fact, many speculations arise and most of them are positive.

Might it give impact only a little but remember that the mindset of the people had already changed as well, we never know if this coming halving will affect more on the price. Well, it was not the thing we looked for but the result after halving as the bull season is about to start as what I experienced in the past halvings.

^ It happened in the past so it is possible it will happen in the future.
There is a good result that happened in the past and it was a long bull run after the halving, possible it will also happen after this next halving which people expected that there could be a bull run.
Remember that BTC halving can have an impact on the price of BTC, it is important to note that it is just one of many factors that can influence the cryptocurrency's value. The anticipation of halving can create a sense of excitement and speculation among investors, leading some people to hold onto their BTC in the hope that its value will increase.

Hypnosis00

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Quote from: Kakmakr on July 07, 2023, 12:40:56 AM

I think it is a little bit too early to hype the "Halving" Roll Eyes

.... because it is only scheduled to happen next year around April. Yes, the impact of the "Halving" can be seen about one or two months before the actual "Halving", because the markets reacts before the actual event... but it is still too far in the future.

In any way... in my experience with the "Halving" ... I can honestly say that it has very little impact on the price. It will increase in the first two months before the event, when the media coverage highlight it.... and then it is gone. Tongue

I'm not surprised that people are talking about halving as we are expecting something good things happen in the market. In fact, many speculations arise and most of them are positive.

Might it give impact only a little but remember that the mindset of the people had already changed as well, we never know if this coming halving will affect more on the price. Well, it was not the thing we looked for but the result after halving as the bull season is about to start as what I experienced in the past halvings.

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Quote from: Youngkhngdiddy on July 05, 2023, 05:14:28 AM

Avoid Procrastination, Buy Bitcoin And Prepare For The Next Halving.

These are simple words that make a lot of sense. At this time it may indeed be a bit late compared to a few months ago where the Bitcoin price was still far below. However, there's no need to worry because at least we are aware and we still have time now. Even though it won't be 100% guarantee that after the halving the price of Bitcoin will go up as drastically as it used to, but usually what happens is like that. So, there's nothing wrong with collecting more Bitcoin and holding it in preparation for the bullish era later. This isn't easy, but it can be attempted as long as we don't panic easily in certain situations.

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Quote from: AicecreaME on July 07, 2023, 06:05:55 AM

FUD at its finest in other terms.

We can't blame them though, especially if it is their first time of investing in cryptocurrency. Most of them thinks that if they invested their money in Bitcoin, they can make profits all of the time, then they've seen red candles and huge dumps so they've hesitate to invest their money in Bitcoin. So in the end, bitcoin pumped up and they were left hanging, regrets came after.

That’s why once you decide to invest, clear your mind from the FUDs and never tolerate yourself believing on such FUDs that will only lost your focus on your investment. That’s the main reason why we have to educate ourselves so that we will never resort into wrong decision making, like procrastinating the things that we know in the future will bring a lot of benefits for us. Once we’re capable to invest, then do it now. But if you find it hard to do it, then focus on your job and make time saving for your future investment. That way, you will never keep on missing golden opportunities that are once in front of you but now they’re totally gone.

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Quote from: AicecreaME on July 07, 2023, 06:05:55 AM

FUD at its finest in other terms.

We can't blame them though, especially if it is their first time of investing in cryptocurrency. Most of them thinks that if they invested their money in Bitcoin, they can make profits all of the time, then they've seen red candles and huge dumps so they've hesitate to invest their money in Bitcoin. So in the end, bitcoin pumped up and they were left hanging, regrets came after.

You can't blame someone for being skeptical regarding how they spend their money. As someone who's an overthinker, I hesitate to make such choices. It's not necessarily because I'm not confident about Bitcoin; on the contrary, it's due to being a hesitant person overall. For instance, I've been trying to purchase some BNB for quite a few months now, but I've been constantly postponing it for the reasons that were mentioned above. The halving will occur in approximately a year from now, and while it's not guaranteed that it'll result in a bull market, statistical data has proven that there's a positive correlation between Bitcoin's price and halvings. Thus, it's relatively safe to expect a major recovery somewhere in mid-2024.

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Quote from: puloweh555 on July 07, 2023, 12:55:44 PM

I love the thread title you created, Don't delay buying bitcoins to prepare for the halving, great advice. even though the halving is still a long way off and there is still a lot of drama that will occur before the halving, in essence, we shouldn't panic. Keep doing the DCA strategy because I think this is the mainstay strategy.

Keep remembering the main keyword in managing finances, set aside 10% of our income for DCA. It means we are ready to lose with that 10%. If we get it, that's the result of our efforts, even if there is a price reduction, we are ready with the 10% money earlier. Keep the spirit friends to prepare for the halving and don't invest in bitcoin using borrowed money.

Well, the halving of the premium shouldn't worry those who make an accumulation plan because they could only benefit from it by reducing the emission of circulating btc but rather those who do mining could disconnect their machines because they have less incentive and consequently the cost of the fee.

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Quote from: Youngkhngdiddy on July 05, 2023, 05:14:28 AM

Procrastination which is said to be the act of delaying something important despite knowing the consequences of doing so, is one of the reasons why many people miss out on big opportunities.

There are many factors that make people delay investing, doubt and fear about the process they are going through, limiting the space for them to start. Meanwhile on the other hand, there are some people who do not have the financial resources to invest and they never hesitate and are afraid, but due to limited capital they cannot do much to get involved in investing.

Quote from: Youngkhngdiddy on July 05, 2023, 05:14:28 AM

This forthcoming halving is very important very important because at this period the price of bitcoin affects most other cryptocurrencies in the market, so now is the best and perfect time to buy and hodl cryptocurrencies especially bitcoin and make profits when it becomes more scarce thereby making it's value to go High.

There is no late term in investing even though the bitcoin journey has shown a significant development of its journey. Halving is a reference where new price conditions will usually be reached in a four-year cycle and we can take advantage of this moment so we will definitely get a profit. So before the halving is reached, it's best for now we continue to collect bitcoins by using a number of existing strategies so that when ATH is achieved we don't miss the opportunity.

puloweh555

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I love the thread title you created, Don't delay buying bitcoins to prepare for the halving, great advice. even though the halving is still a long way off and there is still a lot of drama that will occur before the halving, in essence, we shouldn't panic. Keep doing the DCA strategy because I think this is the mainstay strategy.

Keep remembering the main keyword in managing finances, set aside 10% of our income for DCA. It means we are ready to lose with that 10%. If we get it, that's the result of our efforts, even if there is a price reduction, we are ready with the 10% money earlier. Keep the spirit friends to prepare for the halving and don't invest in bitcoin using borrowed money.

Captain Corporate

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Its going to be quite difficukt to consider this as a "solution" because people do not become lazy or anything. I feel like its a tough situation to get to working for many people, I am leaving all disability and financial problems aside, not all people have the courage and they wory because they are not rich and if they dont have all that money then they will end up with a ton of trouble and wont really have that much chance to recover. This is why I believe the best thing to do would be making those people feel more comfortablr about it, its not because they are lazy or anything but because they worry. Hopefulky people would end up getting to a better place soon enough and that will make them reach to a better level as well. Hopefully this would not be too late move and they all get in before price shoots higher.

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Quote from: Youngkhngdiddy on July 05, 2023, 05:14:28 AM

Procrastination which is said to be the act of delaying something important despite knowing the consequences of doing so, is one of the reasons why many people miss out on big opportunities.

I've had conversations with several individuals and I found out that most them are fully aware of the benefits of cryptocurrency at large but are still having doubts or would I rather say the fear of the unknown due to the unstable price of bitcoin, they focus more on the negative side or losing or fear of losing out completely other than the benefits of investing in bitcoin, there are others who are willing to take a bold step but have little knowledge or need guidance from crypto enthusiasts, i have an information for these set of people because knowledge they say is power and constant education and information would enable people to fast track the adoption of bitcoin and enjoy it's benefits.

In the crypto ecosystem there's something called the crypto solar eclipse also known as the bitcoin halving.
Bitcoin Halving- The bitcoin halving is a period when the price of bitcoin goes high, due to it's scarcity because of the drastical removal of bitcoin in a block. And it happens every years and many people are not aware of this ongoing in the crypto space, the previous halving was in (2020) and the next halving is forthcoming so now is the best time to purchase and hodl btc because it could go beyond the price it attained in the last halving which was about $60k and In my opinion I think it might go beyond $100k. https://www.investopedia.com/bitcoin-halving-4843769

This forthcoming halving is very important very important because at this period the price of bitcoin affects most other cryptocurrencies in the market, so now is the best and perfect time to buy and hodl cryptocurrencies especially bitcoin and make profits when it becomes more scarce thereby making it's value to go High.
You can share your ideas and opinions if you know more about the bitcoin halving and for the procrastinators, it's better late than never.

Buying bitcoin and holding it until halving is not about procrastination. This is quite a good and correct strategy, because we all know that by halving the price of bitcoin, like any coin, increases.
But procrastination is laziness and doing nothing. For example, if you do not read about cryptocurrencies, do not communicate here on the forum.

Litecoin halving is coming soon. It will take place in about less than a month. The second of August.

Therefore, according to the above principle, I am now purchasing LTC and will store it until halving.

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I won't blame those that hesitate to buy Bitcoin, the fact is we can't all see things in the same ways, that's why we have the poor class, the mid-class aka average, and the rich class, most times, fear is what's holding many people back to achieving great things in their lives, fear is not always a good thing, some times you need to face it.

When it comes to investment, to lower your fear level you only need to throw in money you aren't afraid of losing, doing this will erase your fear completely, some don't have extra cash that they don't need though, that's why they are in fear and some people end up been forced to invest in Bitcoin by their friends and family.

I am in no way saying it's wrong, but it's not totally right too, because you don't know where your friend is getting the money from, you who introduce Bitcoin to friends should be the one telling them to invest money they don't need or little amount as if they aren't getting it back, this will give them peace in mind, thinking that even if the worst happens they will be fine, since it's just a 100$ they invest, or 200$ or more, depending on how much they can afford to lose.

No Risk No Reward.

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Procrastination is not the only reason why some of us are not buying BTC. Some persons actually want to buy but don't currently have the funds to do so.

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FUD at its finest in other terms.

We can't blame them though, especially if it is their first time of investing in cryptocurrency. Most of them thinks that if they invested their money in Bitcoin, they can make profits all of the time, then they've seen red candles and huge dumps so they've hesitate to invest their money in Bitcoin. So in the end, bitcoin pumped up and they were left hanging, regrets came after.

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Quote from: Davidvictorson on July 05, 2023, 11:23:35 PM

I do not think that there is anyone who would procrastinate when it comes to buying bitcoin in preparation for the next halving. If wishes were horses but not everyone has the means to buy bitcoin as they would want to. A lot of people may have a major problem which is financial constraint to be able to invest buy bitcoin now in hope for the halving. Basically, what I would advice folks is that they should prioritize buying bitcoin now. The price may or may not go up after the next halving we cannot tell. We are only relying on past data to predict the future and as you have rightly said, when there is shortage of supply and high demand, the price would go up.

We have some individuals that'll be procrastinating and many of them are on the forum, how you'll know they have procrastinated is when Bitcoin rises but they'll be all negative in their replies wishing for Bitcoin to correct again so they can buy. Some individual still think we haven't gotten to the bottom of the bear maket as some are calling for Bitcoin to fall to below $20k again and probably fall lower.

I think this set of individual needs to get their heads together or they'll be missing out on an opportunity to get bitcoin at a very low prices. Bitcoin is climbing up and it has been holding a strong support above $30k, soon the price might start increasing to $31k and above.

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Anyone who doesn't want to go into bitcoin investment is on its own why because I understand that they aren't yet ready and made up their mind to chose that part. That's why whenever I found myself into discussion with most of my friends and it happens they brought any bitcoin related discussion and I give them some reason why it's good to hold bitcoin and they abolished my suggestion, I won't argue or try convincing them knowing the reason why they should invest and hold bitcoin. What I just conclude in my mind was that they are yet to accept the truth about bitcoin whenever they are ready I guess I won't be the one giving them what they need rather running to me for knowledge and guidance. So let them be and keeps procrastinating till they accept the truth before they will buy and hold bitcoin. I guess time they said "waits for nobody".

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Quote from: Youngkhngdiddy on July 05, 2023, 05:14:28 AM

Procrastination which is said to be the act of delaying something important despite knowing the consequences of doing so, is one of the reasons why many people miss out on big opportunities.

I don't think it is the procrastination that's playing the huge role as to why some investors did not but bitcoin earlier. I think it's more of a doubt a fear of bitcoin's high volatility. Procrastination is different that fear and doubt actually.
Also, some people might have missed buying while the price are still low because they are looking for the bottom. We all know finding the bottom will never going to be easy, because you will either hit it or miss it. DCA method has always been a good strategy to accumulate bitcoins during the bearish trend.
There are still a lot of reasons why some people have doubt bitcoin despite of the fact how far bitcoin have gone since 13+ years ago, but then again I don't it is procrastination.

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Quote from: seoincorporation on July 05, 2023, 11:32:21 AM

I don't think now is the right moment to buy, still 285 days for the halving, and the price can drop a couple of times more in those days. If you remember bitcoin's price at the start of the year was at $16500, and now it's $30,440. So, if a panic hit the market before the halving we could see it going down to $20k. And to be clear, this is just speculation, but the point is, it isn't a wise move to buy at the moment when Bitcoin is at its highest price in 2023.

We must play it smart and don't be impulsive, let's wait for the right wave to ride it.

I agree with you Cheesy

I can not forget that Bitcoin lost about half of its value within two days and it happened just about two months before the 2020 halving.

Bitcoin loses half of its value in two-day plunge
Bitcoin’s Coronavirus Crash; Blockchain In A Pandemic

It is not because of the WHO announcement which is only a tip of iceberg as the market needs to have such massive washout before a very big bull run. Will it come back, who knows?

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I think it is a little bit too early to hype the "Halving" Roll Eyes

.... because it is only scheduled to happen next year around April. Yes, the impact of the "Halving" can be seen about one or two months before the actual "Halving", because the markets reacts before the actual event... but it is still too far in the future.

In any way... in my experience with the "Halving" ... I can honestly say that it has very little impact on the price. It will increase in the first two months before the event, when the media coverage highlight it.... and then it is gone. Tongue

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