Even for the DCA they should makeup plan that at which price levels they will invest more so that the average out price of Bitcoin is better. People's who haven't started accumulating Bitcoin I think these few months may be the last time we see Bitcoin near 30000 to 35000 and the last opportunity to buy cheap.
I think determining or planning the price level we want is really difficult for us to get, we can't speculate and read the market share when exactly the price falls. Yes, for the past few days BTC has increased, for me I will continue to buy with the Dca technique , even though the btc I bought was much smaller than yesterday's $28,000, this dca determines the average price I have for each accumulation, I will continue to hold on until the halving arrives and makes a new Ath of bitcoin.
Topic: Do you prepare for a Bitcoin bull run? (Read 486 times)
However, we are here to see where the Bitcoin market is preparing for a bull market. We know that the Bitcoin bull market is coming soon, and we can expect the price of Bitcoin to be above $1m. Since the Bitcoin halving is approaching, the price of Bitcoin will increase, we know that the price of Bitcoin starts to increase after the halving. When the Bitcoin market hits a high, essentially a bull market begins, and we wait almost four years for that time. Four years later, the Bitcoin market underwent a major shift, and Bitcoin's price reached new record highs. And since we have a massive halving event in 2024, Bitcoin will then continue to grow slowly. And the 2025 Bitcoin price will soar in the fourth bull market, just as we saw it last year.
Do you mean bitcoin will hit $1 million by the next bull season? Are you serious about your prediction? Since none of us made that prediction, we just expect bitcoin to reach $100k in the upcoming bull season.
Historically, bitcoin has always grown and reached ATH after halving, but that doesn't mean things will repeat, it's all just our prediction. We can be optimistic but not subjective. What will you do if there is no bull season after the halving? Do you have a plan for that yet? I won't rule out that possibility because anything can happen, I won't be subjective.
Preparing for a Bitcoin bullrun is very necessary. Often times, people think the bullrun is the best time to get into crypto, the truth is, the bearish season makes available multiple rooms for opportunities for those who knows how the space functions. Imagine a coin at $1000 at bullrun and then bearish season avails you the opportunity of buying that same coin at $200, thats an 80% decline in price.
Whoever buys it at $1000 will wait for the next bullrun and pray for it to be more than the previous before he can breakeven on profits but once it move to $201 from the $200 floor, he who bought at $200 is already in profit. Preparing for the bullrun is as important as investing is.
Whoever buys it at $1000 will wait for the next bullrun and pray for it to be more than the previous before he can breakeven on profits but once it move to $201 from the $200 floor, he who bought at $200 is already in profit. Preparing for the bullrun is as important as investing is.
Preparing for a Bitcoin bullrun is very necessary. Often times, people think the bullrun is the best time to get into crypto, the truth is, the bearish season makes available multiple rooms for opportunities for those who knows how the space functions. Imagine a coin at $1000 at bullrun and then bearish season avails you the opportunity of buying that same coin at $200, thats an 80% decline in price.
Whoever buys it at $1000 will wait for the next bullrun and pray for it to be more than the previous before he can breakeven on profits but once it move to $201 from the $200 floor, he who bought at $200 is already in profit. Preparing for the bullrun is as important as investing is.
Whoever buys it at $1000 will wait for the next bullrun and pray for it to be more than the previous before he can breakeven on profits but once it move to $201 from the $200 floor, he who bought at $200 is already in profit. Preparing for the bullrun is as important as investing is.
However, we are here to see where the Bitcoin market is preparing for a bull market. We know that the Bitcoin bull market is coming soon, and we can expect the price of Bitcoin to be above $1m. Since the Bitcoin halving is approaching, the price of Bitcoin will increase, we know that the price of Bitcoin starts to increase after the halving. When the Bitcoin market hits a high, essentially a bull market begins, and we wait almost four years for that time. Four years later, the Bitcoin market underwent a major shift, and Bitcoin's price reached new record highs. And since we have a massive halving event in 2024, Bitcoin will then continue to grow slowly. And the 2025 Bitcoin price will soar in the fourth bull market, just as we saw it last year.
Some people ask me why I didn't sell after the Luna collapse? Because I knew that whatever happened to Luna did nothing to harm the fundamentals of bitcoin itself.
In a more perfect world, Luna should not have so much impact on the price of bitcoin, it should only impact Luna itself.
Just like some stupid tweet by Elon Musk should not cause the price of Bitcoin to drop so much.
In a more perfect world, Luna should not have so much impact on the price of bitcoin, it should only impact Luna itself.
Just like some stupid tweet by Elon Musk should not cause the price of Bitcoin to drop so much.
If any exchange is bankrupt or suspended like FTX or any algorithmic coins crash like Luna, it may have a temporary impact on the market and the price of bitcoin may dump for little time but eventually, it will recover. If anyone is holding Bitcoin for long term, he should be clear in this vision and these crashes should not be a reason to dump the Bitcoins.
I understand that the crash is so brutal and sometimes the human emotions may force us to sell everything thinking this may be the end of the market, but only if we have faith in bitcoin, we shall find these times as an opportunity to buy more instead of selling. I will not say that we should be optimistic about any altcoins but for the bitcoin, we know it always recovers.
Up to this time everything regarding how the impact of bull run will be after the halving is all predictions until it happens, nobody really knows how high the price of bitcoin will go. But one thing that we have control over is how we prepare for it, so this is the perfect time to start accumulating bitcoin. Even if the expected ATH does not reach our expectations, at least we're still sure that bull run is coming after halving. The most important thing for now still remains to be accumulating bitcoin, and making sure that we still have total control of our wallets, as the OP has emphasized.
I'm also happy that the adoption of bitcoin is increasing with it's acceptance by established firms and countries. This will accelerate the demand for ibitcoin and the effect will be price increase that will further drive the bull run.
I'm also happy that the adoption of bitcoin is increasing with it's acceptance by established firms and countries. This will accelerate the demand for ibitcoin and the effect will be price increase that will further drive the bull run.
I am of the opinion that there will be a dip in the coming months, and we will see $20k for the last time.
Are you sure about the coming month? I agree with the fact that there is still the possibility of another crash towards 20k but this won't be this year i think. Such crashes usually happen before the halving to shake the market and push out the last remaining long term holders and the new investor who takes entry by thinking there won't be more crashes. You are right about the dip but not the time.
I have transferred all my assets in a different new wallet to keep it more secure. I am using electrum Bitcoin wallet for storing my bitcoins. I have freshly installed windows and then air gapped the computer. I have some methods of keeping my phrase key safe. It has been backed up in multiple places where only I can access them. I am still doing DCA though. I'm not that much advance in trading but looking at the market condition right now it could be a great chance for people who are capable of trading flawlessly.
I may struggle a bit during the bull run because I may not be able to predict the top and book the best profit. But I have a plan for that too. I will sell in multiple stages so that my profit could be averaged. That way I won't regret my decision of selling.
I still have more things to do and improve before the Bull run begins. But preparation that I have still good enough for me.
I may struggle a bit during the bull run because I may not be able to predict the top and book the best profit. But I have a plan for that too. I will sell in multiple stages so that my profit could be averaged. That way I won't regret my decision of selling.
I still have more things to do and improve before the Bull run begins. But preparation that I have still good enough for me.
It's about 185 more days till a 2024 Bitcoin halving.
Bitcoin Block Reward Halving Countdown gives you an estimation and it is not completely correct but you can use its estimated date for the halving. It's not important to know when is a halving date because knowing the halving block is enough.
It will happen at the block 840000.
A chart that breaks down Bitcoin history price to past halving cycles (4-year cycles).
I don't mind about reasons for a next bull run because market will have many 'reasons' to rise during a big bull run with parabolic curve but I quote some idea in the tweet.
The funny idea is "Bitcoin Bears still waiting for $12k". I don't wait for that price but if you knew the March 2020 crash, will $12k be seen in 2024 before a halving with some bad news to shock the market?
Don't exclude that risk and don't use leverage to Long Bitcoin because if you use leverage, open a Long position, you will be forced liquidated in such crash.
Will this time be different when Bitcoin broke $30,000 resistance? Let's see.
That Bitcoin Bull wants to see a big bull run as soon as possible but I don't expect too early bull run this year. He even tried to borrow something in textbook (Bump & Run Reversal Bottom pattern) to convince us that a bull run is very closely to start.
.
Before a 2024 halving, you must make your preparation for it.
Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.
If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.
Bitcoin Block Reward Halving Countdown gives you an estimation and it is not completely correct but you can use its estimated date for the halving. It's not important to know when is a halving date because knowing the halving block is enough.
It will happen at the block 840000.
Quote
Past halving event dates
The first halving event occurred on the 28th of November, 2012 (UTC) at block height 210,000
The second halving event occurred on the 9th of July, 2016 (UTC) at block height 420,000
The third halving event occurred on the 11th of May, 2020 (UTC) at block height 630,000
The first halving event occurred on the 28th of November, 2012 (UTC) at block height 210,000
The second halving event occurred on the 9th of July, 2016 (UTC) at block height 420,000
The third halving event occurred on the 11th of May, 2020 (UTC) at block height 630,000
A chart that breaks down Bitcoin history price to past halving cycles (4-year cycles).
I don't mind about reasons for a next bull run because market will have many 'reasons' to rise during a big bull run with parabolic curve but I quote some idea in the tweet.
Quote
#Bitcoin is going to $100k here is why -
- Honda now accepts Bitcoin & Crypto Payments
- Elon Musk calls fiat currencies a S-C-A-M
- Tesla reveals none of its $312 Million Bitcoin was sold in Q3 2023.
- Ferrari now accepts Crypto payments for its Car
- Hong Kong officially launches its first Bitcoin & Crypto trading platform.
- Less than 5% of the global population is invested in Crypto (we are soo early)
- Japan's largest investment bank Nomura launches Bitcoin fund for institutional investors
- Coinbase receives regulatory approval to offer perpetual futures to international retail customers
- Coinbase receives full operating License in Singapore
- There are Only 21 Million Bitcoins
- Bitcoin Halving in less than 180 days
- Bitcoin Supply Shock Incoming
- Bitcoin Bears still waiting for $12k
- Honda now accepts Bitcoin & Crypto Payments
- Elon Musk calls fiat currencies a S-C-A-M
- Tesla reveals none of its $312 Million Bitcoin was sold in Q3 2023.
- Ferrari now accepts Crypto payments for its Car
- Hong Kong officially launches its first Bitcoin & Crypto trading platform.
- Less than 5% of the global population is invested in Crypto (we are soo early)
- Japan's largest investment bank Nomura launches Bitcoin fund for institutional investors
- Coinbase receives regulatory approval to offer perpetual futures to international retail customers
- Coinbase receives full operating License in Singapore
- There are Only 21 Million Bitcoins
- Bitcoin Halving in less than 180 days
- Bitcoin Supply Shock Incoming
- Bitcoin Bears still waiting for $12k
The funny idea is "Bitcoin Bears still waiting for $12k". I don't wait for that price but if you knew the March 2020 crash, will $12k be seen in 2024 before a halving with some bad news to shock the market?
Don't exclude that risk and don't use leverage to Long Bitcoin because if you use leverage, open a Long position, you will be forced liquidated in such crash.
Will this time be different when Bitcoin broke $30,000 resistance? Let's see.
That Bitcoin Bull wants to see a big bull run as soon as possible but I don't expect too early bull run this year. He even tried to borrow something in textbook (Bump & Run Reversal Bottom pattern) to convince us that a bull run is very closely to start.
.
Before a 2024 halving, you must make your preparation for it.
Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.
If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.
Probably the bull we’re expecting is already here. Let’s just hope we can use this moment smartly.
I think everyone should prepare for the bull run. Although the exact time of the pump can not be predicted, one can estimate the approximate time frame. The chances are that the bull run will be in late 2024 and early 2025, but you have to be prepared well before this time period. From preparation, I mean, accumulate more and more Bitcoin or other potential alts before 2024 halving. When you buy the dip, you will be fully prepared for whenever the bull run starts. DCA is a very good approach for a retail investor at the moment.
I am of the opinion that there will be a dip in the coming months, and we will see $20k for the last time.
I am of the opinion that there will be a dip in the coming months, and we will see $20k for the last time.
I started dollar cost averaging bitcoin (and only bitcoin) since early 2022 when it was in low 40K price, about a month or two before the collapse of Terra Luna.
As soon as that crazy thing happened, my strategy was to pause anymore buying and wait for the price to stop freefalling and approaching bottom, or where I thought that would be.
And I started buying back in heavily in the low 20K price. At this time I was buying two or three times per week nonstop, almost every week.
But I paused briefly again after the collapse of FTX in early November, but only for a few days. I resumed buying later in the month.
I have been DCAing most of the way down to 16K (from 42K, with pause between 38K to 23K) and back up again to around 28K, for almost two years.
Because of DCA strategy, I have more than recovered my losses from early last year and don't intend to sell anytime soon.
Last week was my last buy just because I need to take a break and spend time with my family. I may resume DCA later.
But needless to say, my bags are packed!
As soon as that crazy thing happened, my strategy was to pause anymore buying and wait for the price to stop freefalling and approaching bottom, or where I thought that would be.
And I started buying back in heavily in the low 20K price. At this time I was buying two or three times per week nonstop, almost every week.
But I paused briefly again after the collapse of FTX in early November, but only for a few days. I resumed buying later in the month.
I have been DCAing most of the way down to 16K (from 42K, with pause between 38K to 23K) and back up again to around 28K, for almost two years.
Because of DCA strategy, I have more than recovered my losses from early last year and don't intend to sell anytime soon.
Last week was my last buy just because I need to take a break and spend time with my family. I may resume DCA later.
But needless to say, my bags are packed!
You are doing a good job with DCA methods; it looks like you are accumulating a lot of crypto assets. You are probably one of the millionaires here in the crypto space when the halving and bull run come.
Just keep doing what you're doing, and a lot of us do DCA at times like this because most of the people here in the crypto space community are really preparing for this bull season thing. This is not the time to actually sell our holdings.
No, I'm not preparing for the bull run, because we have plenty of time. I expect the bull run to happen several months after the 2024 halving.
The current price pump to 30K isn't anything special. I'm sure that many traders will start to sell BTC and the selling pressure will push the price down. You seem pretty hyped up. I'm always a bit skeptical about bull runs and I think that being a little bit cautious and taking everything with a grain of salt is the way to go. I'm also sure that there will be several price drops before the price pump, so many newbies and many traders will start panic selling(again).
My crypto wallet is OK(I hope that it will be OK for the rest of my life
).
I try not to guess when the bullrun will start, my portfolio is ready for growth, if it starts now it will be great, if it happens not now but in a few months, I also won’t be disappointed about this, because globally it won’t change anything for me .The current price pump to 30K isn't anything special. I'm sure that many traders will start to sell BTC and the selling pressure will push the price down. You seem pretty hyped up. I'm always a bit skeptical about bull runs and I think that being a little bit cautious and taking everything with a grain of salt is the way to go. I'm also sure that there will be several price drops before the price pump, so many newbies and many traders will start panic selling(again).
My crypto wallet is OK(I hope that it will be OK for the rest of my life
). If growth starts now, it will be a little unexpected for me, I expected growth to start in the spring of 2024, but I don’t pretend to be a great analyst and I will be glad if the bull market starts right now.
Bitcoin has grown very significantly and its dominance continues to grow, in this situation altcoins look very weak, perhaps this is another reason to think about the strength of Bitcoin.I bet that if bitcoin goes up from now on and we officially enter bull season, many people will feel regretful because many are still too dependent and believe that history will repeat itself. Many people are not prepared for an unexpected scenario when ETFs are making the market more exciting than ever. I also predict many more price drops until the halving or bull season, but for now ETF news is on the rise. I have also prepared myself for a scenario where we will have a bullish season before the halving. It will be very interesting.
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Before a 2024 halving, you must make your preparation for it.
There is no better preparation than being able to make purchases according to the capital you have and if this cannot be utilized then there is no point in increasing prices for those who do not take advantage of this opportunity at the right time.Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.
I checked my wallet today and was pleasantly surprised to see that the confirmed dollar value estimate to our currency had increased tremendously. Even though the current Bitcoin price position is still around $30k, it makes me very excited to wait for the next halving for my investment. This has been awaited for so long and everyone will surely hope to make huge profits in the upcoming halving.Making some wallet backups.
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.
If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.
Not only bad but quite ridiculous and stupid, losing access to the wallet is a mistake made by the individual because they did not save the seed phrase correctly when creating the wallet. One mistake can lead someone to unnecessary losses and we should not let that happen to us and always be careful when using a wallet to store bitcoins. 
As I can, I will, we know the potential of the bitcoin there are a lot of gurus who were silent during the down of the market when its sitting around 24-28k and now imagine the price of the bitcoin trying to behold again up to 30k mark before the halving, possible it's just a mini pump before the actual halving happens, but it's not already the ATH, accumulate as many as i can and with the use of the cold wallet, I don't need to get bothered too much on the price movement, I know my plans, I know my goals. Setting a goal is a must and I stick to it.
No, I'm not preparing for the bull run, because we have plenty of time. I expect the bull run to happen several months after the 2024 halving.
The current price pump to 30K isn't anything special. I'm sure that many traders will start to sell BTC and the selling pressure will push the price down. You seem pretty hyped up. I'm always a bit skeptical about bull runs and I think that being a little bit cautious and taking everything with a grain of salt is the way to go. I'm also sure that there will be several price drops before the price pump, so many newbies and many traders will start panic selling(again).
My crypto wallet is OK(I hope that it will be OK for the rest of my life).
I try not to guess when the bullrun will start, my portfolio is ready for growth, if it starts now it will be great, if it happens not now but in a few months, I also won’t be disappointed about this, because globally it won’t change anything for me .The current price pump to 30K isn't anything special. I'm sure that many traders will start to sell BTC and the selling pressure will push the price down. You seem pretty hyped up. I'm always a bit skeptical about bull runs and I think that being a little bit cautious and taking everything with a grain of salt is the way to go. I'm also sure that there will be several price drops before the price pump, so many newbies and many traders will start panic selling(again).
My crypto wallet is OK(I hope that it will be OK for the rest of my life
). If growth starts now, it will be a little unexpected for me, I expected growth to start in the spring of 2024, but I don’t pretend to be a great analyst and I will be glad if the bull market starts right now.
Bitcoin has grown very significantly and its dominance continues to grow, in this situation altcoins look very weak, perhaps this is another reason to think about the strength of Bitcoin. full member
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No, I'm not preparing for the bull run, because we have plenty of time. I expect the bull run to happen several months after the 2024 halving.
The current price pump to 30K isn't anything special. I'm sure that many traders will start to sell BTC and the selling pressure will push the price down. You seem pretty hyped up. I'm always a bit skeptical about bull runs and I think that being a little bit cautious and taking everything with a grain of salt is the way to go. I'm also sure that there will be several price drops before the price pump, so many newbies and many traders will start panic selling(again).
My crypto wallet is OK(I hope that it will be OK for the rest of my life).
The current price pump to 30K isn't anything special. I'm sure that many traders will start to sell BTC and the selling pressure will push the price down. You seem pretty hyped up. I'm always a bit skeptical about bull runs and I think that being a little bit cautious and taking everything with a grain of salt is the way to go. I'm also sure that there will be several price drops before the price pump, so many newbies and many traders will start panic selling(again).
My crypto wallet is OK(I hope that it will be OK for the rest of my life
). It is very difficult to predict anything in the future. According to history, what you say is not wrong, bitcoin will not increase in price anytime soon, we will not enter bull season soon and there will be further corrections. But what if things don't repeat themselves and we create new history? That can happen too. I remember a few weeks ago there were many predictions that bitcoin would drop to 23k-25k$ instead of increasing to 35k$ like now. But everyone knows the result, the market always goes against the majority, while people still believe that it will decline, it will most likely increase strongly.
I am ready for the bull run cycle as we know we will soon see this bull in the market. We know the Bitcoin market has volatility and always the Bitcoin market fluctuates. And we have to accept what market bulls come and bears come and we are all there for that. Bitcoin is not a stable currency but its price goes up and down which is the religion of Bitcoin. As we know about crypto we should wait patiently rather than get excited when the Bitcoin bear market starts. And what if we want to make a lot of money from Bitcoin, we must plan long-term and wait until the bull market. As we have a halving year ahead, we will be waiting for the Bitcoin market bull.
I started dollar cost averaging bitcoin (and only bitcoin) since early 2022 when it was in low 40K price, about a month or two before the collapse of Terra Luna.
As soon as that crazy thing happened, my strategy was to pause anymore buying and wait for the price to stop freefalling and approaching bottom, or where I thought that would be.
And I started buying back in heavily in the low 20K price. At this time I was buying two or three times per week nonstop, almost every week.
But I paused briefly again after the collapse of FTX in early November, but only for a few days. I resumed buying later in the month.
I have been DCAing most of the way down to 16K (from 42K, with pause between 38K to 23K) and back up again to around 28K, for almost two years.
Because of DCA strategy, I have more than recovered my losses from early last year and don't intend to sell anytime soon.
Last week was my last buy just because I need to take a break and spend time with my family. I may resume DCA later.
But needless to say, my bags are packed!
As soon as that crazy thing happened, my strategy was to pause anymore buying and wait for the price to stop freefalling and approaching bottom, or where I thought that would be.
And I started buying back in heavily in the low 20K price. At this time I was buying two or three times per week nonstop, almost every week.
But I paused briefly again after the collapse of FTX in early November, but only for a few days. I resumed buying later in the month.
I have been DCAing most of the way down to 16K (from 42K, with pause between 38K to 23K) and back up again to around 28K, for almost two years.
Because of DCA strategy, I have more than recovered my losses from early last year and don't intend to sell anytime soon.
Last week was my last buy just because I need to take a break and spend time with my family. I may resume DCA later.
But needless to say, my bags are packed!
Your dollar cost average strategy is really impressive and even though the bitcoin price is as high as 42000$, but due to the continuous dollar cost average, you are still in profit. This is the strength and power of dollar cost average which most of us do not realize. DCA is one of the best techniques that can be applied in the bear market.
One thing that most people face in DCA is that they buy on every dip but soon the realise they are out of funds to invest more. Even for the DCA they should makeup plan that at which price levels they will invest more so that the average out price of Bitcoin is better. People's who haven't started accumulating Bitcoin I think these few months may be the last time we see Bitcoin near 30000 to 35000 and the last opportunity to buy cheap.
Thanks for your comment.
Some people ask me why I didn't sell after the Luna collapse? Because I knew that whatever happened to Luna did nothing to harm the fundamentals of bitcoin itself.
In a more perfect world, Luna should not have so much impact on the price of bitcoin, it should only impact Luna itself.
Just like some stupid tweet by Elon Musk should not cause the price of Bitcoin to drop so much.
But often when such things happen people will panic sell like irrational sheep. But I think people are starting to learn from their mistakes and in the future
won't behave so impulsively in the face of such events. The fundamentals of bitcoin has never changed, it has remained stronger than ever despite the many irrational fluctuations of the market.
No, I'm not preparing for the bull run, because we have plenty of time. I expect the bull run to happen several months after the 2024 halving.
The current price pump to 30K isn't anything special. I'm sure that many traders will start to sell BTC and the selling pressure will push the price down. You seem pretty hyped up. I'm always a bit skeptical about bull runs and I think that being a little bit cautious and taking everything with a grain of salt is the way to go. I'm also sure that there will be several price drops before the price pump, so many newbies and many traders will start panic selling(again).
My crypto wallet is OK(I hope that it will be OK for the rest of my life).
The current price pump to 30K isn't anything special. I'm sure that many traders will start to sell BTC and the selling pressure will push the price down. You seem pretty hyped up. I'm always a bit skeptical about bull runs and I think that being a little bit cautious and taking everything with a grain of salt is the way to go. I'm also sure that there will be several price drops before the price pump, so many newbies and many traders will start panic selling(again).
My crypto wallet is OK(I hope that it will be OK for the rest of my life
). Jump to: