Topic: Do you prepare for a Bitcoin bull run? - page 2. (Read 486 times)

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.

We see them again and again. People who write off Bitcoin may eventually regret their missed opportunities. Furthermore, keep in mind that Bitcoin is entirely speculative, even though its current trajectory does resemble the start of a bull run. Not a bit more or less. Yes, there are many who adamantly support the notion that a Bitcoin halving will lead to a bull run, but isnt that also simply conjecture?

Although history can teach us valuable lessons, it cannot provide a guarantee for the future. Lets be clear: these conversations and conjectures are, at most, instructive. Not guidance on finances. Thus, if you're considering entering the cryptocurrency space, proceed cautiously. Recall that the world of cryptocurrency, with its erratic fluctuations, is not for the timid. It requires deference, prudence, and most importantly, careful investigation.

That's right, Maybe @Russlenat just see at the reaction and response to the question he asked above, and what you said, if you look at today's movement it is very possible, but of course it also has to be gradual because there are many unexpected things that can happen at any time beyond reason. think about us. Well, whether Bitcoin launches a vertical rally in November later this year, I think this should be taken seriously.

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!

about 6 months away it turns out for the moment that is waiting for but not for some miners maybe, being cut hurts.

New investors enter as if they are still waiting for the habit to rise high first and then assume a bear market has come to buy bitcoin and take advantage of scalping at this moment hoping to rise higher than on ordinary days like last year's halving.

If you want to hold there is nothing wrong with believing that halving will happen again, buying cheap prices today is better than when at the top of the mountain ready for correction.

I admit this is free opinion, buy bitcoin either halving or currently the same is buying and I feel if I have more funds at any time it's the right moment to buy bitcoin because it has money.hehe

The last 10 months I have noticed bitcoin has started a fairly natural recovery and the price difference at that time has gone up X2 meaning half the price from now on. signaling the trust of many people is still solid and enthusiastic.

My wallet is still good, although I keep a little in cex for my little needs I am prepared for any situation including halving and bull run that occurs.

With the current sign and signal showed recently within 7 days of changes I won't doubt about the price you mentioned because it looks very possible with the way we are seeing the strength and the strong wave that is dragging bitcoin to that part which you just mentioned, like I was shocked to see bitcoin at the price of $32k plus when I checked my phone this night and I never knew it would run so fast. This is to show that the drumlin for 150k above has been drown meaning we would experience it, although I never predicted such price before seeing that it wasn't making any much move since it was dangling and hovering around 25k to 29k lately it then break out $32k, this shows that we may see $50k before the month of December.

Such people have been in every bull run. Those who do not take Bitcoin seriously from the point of view of investment and later regret that we have missed the investment opportunity in Bitcoin Moreover, the movements of Bitcoin are moving according to the bull standard. In the current scenario, the way Bitcoin is moving sideways, it looks like an exact initial bull run rally. Myself and others besides me and the members also believe that bull run is mandatory after Bitcoin halving, but it should not be taken as financial advice just for educational purposes. A bull run theory after Bitcoin halving It is speculation; everyone can have their own opinion about whether there will be a bull run or not. There is no obligation that there will definitely be a bull run, or maybe not a bull run. No, and it is further said that the future cannot be predicted by looking at past history. Everyone should have an investment view according to their own research and shouldn't consider any educational opposition as personal financial advice. Invest by doing your own research because crypto is a high-volatility investment. Be aware.

Many people may already know, but that's not the case now.
The problem that has not been solved is that they are not brave enough to enter because they do not have enough money reserves and some of the old investors who have never learned are too greedy by putting all their money in at the initial price and not getting cheap prices like now and of course, their mentality is quite disturbed when the price reaches the lowest point a few months ago.

and in the end, they did a stupid action by cutting losses.
That will make the loss even deeper.

I understand the current situation, we have to accumulate more, fill our bags full, and wait to take off to the moon.
The halving is approaching and 2024-2025 will be memorable years.

As far as I can see, many of us have learned from the previous halvings and bull runs that if there are still people who don't want to believe, let them live their lives; after all, they are not without us. What matters is that we know that's what we're going to do, and we really don't want to be left behind again in the coming halving or bull run.

And in my opinion, the bull run will come before the halving starts, which means that as the halving gets closer and closer, the price value of Bitcoin will rise in the market, and after the halving it will continue for sure. still increasing until 2025.

At present everyone is increasing their investments especially around the prospect of ETF approval. But I haven't prepared myself yet because I want to increase my holding. I believe Bitcoin may begin its peak bull run at the upcoming halving. So I will wait for that time and try to increase my portfolio. Bitcoin needs more time to reach that anticipated bull market. We may be in that expected bull market by the end of next year. However, those who want to prepare to invest in Bitcoin must complete their preparations well before the expected time. Moreover, it is a prediction that a bull market may start at any time. The current position of the market is indicating a bull market. Those with enough money should still invest in Bitcoin.

I think $300kish is excessively ambitious. I'm speculating anything slightly above $120k. Let's say $120k – $150k. Anything above that is a bonus but definitely I don't see it get to $300k. If that ever happens this coming bull rally, it will surely make the world go gaga and Bitcoin will expectedly have a troop of fresh admirers again like it did with the 2017 ATH.

---

Taking about getting ready for the next bull run, this has been said repeatedly. Those who aren't keeping Bitcoin/altcoins by the side will have themselves to blame when the rally begins properly.

I'm done preparing for the next bull run as I have my bag full already and now just waiting for the moment to come.
Now, people have given a hype opinion and insights about halving and the impact of this on the price. I was sure that the majority were expecting a price increase because this is what we have witnessed on the previous halving. Might have seen different market situations and price trends but gonna expect the bull season to be the next after halving. I think that nobody is selling off their Bitcoin at this time, instead of accumulating.

Bull season coming earlier? I have also seen some such theories on twitter and if that happens then it will be really interesting and a lot of people will miss the train this time. Many investors in my area haven't even bought bitcoin or any coin yet because they are still waiting for a bigger drop. It could happen, but waiting like that is too risky because there is no guarantee that history will repeat itself in the same way.

I also thought about the scenario where we will have a bull market before the halving if the ETF is approved by the SEC, If that happens, I will be happy because I have accumulated quite a few bitcoins for myself.

I have made preparations for the Bitcoin bull run, which we do not know when it will happen. I always check my wallet and the backup related to the wallet. Until now, everything is still safe because only I know where the wallet is.

If a Bitcoin bull run comes in 2024, I am ready and will sell at my desired price target. And if that happens, I will be very happy because it means I can make big profits. But if a Bitcoin bull run comes in 2025, I can still accumulate more.

A Bitcoin bull run may come a few months after the halving. But we really don't have any clues about this. And Bitcoin investors are ready for Bitcoin's bull run.

I have backed my Wallets , I even checked all my details specially my recovery for assurance .
I think this is the best thing and the first important thing we need here.
sorry but what is Unusable wallet?

but yes  my Back up is stored safer from anyone (except my Wife) and  I made sure that it will be safer till the next Bull market.

that is Irresponsible owning of Bitcoin and must be blame by their laziness and carelessness .

This means that in approximately six months the Bitcoin halving will occur. This means that now is the right time to buy the maximum amount of bitcoin. Because although no one knows for sure whether Bitcoin will experience another decline or not before the halving cycle occurs. But I personally think it's better to buy it now. Because right now Bitcoin is showing price movements that tend to rise upwards. So we must be able to make good use of this time to buy bitcoin.

If I look at this data, I am also increasingly convinced that Bitcoin does have a greater chance of breaking $100k. Because the data you display contains large companies (Honda, Tesla, Ferrari), large/developed countries (Hong Kong) and also one of the most influential people in the world (Elon Musk). Added to this is the limited supply of bitcoin (21 million). So it is not surprising that in the bull market that will occur after the halving, bitcoin will be able to reach a new ATH in the price range of $100K.

Luckily, I had prepared well in advance for the Bitcoin halving and the bull market that was to come. One of them is that I personally have invested the money I have in bitcoin. I also have a price benchmark or sales target. And I have also checked the wallet where I store my bitcoins and am sure it will be safe. So basically now I just need to wait for the bitcoin halving and the bull market to come. And if I have cold money again I will definitely increase the amount of my bitcoin investment.

I think the hype from the media is working on people starting from this month, everyone is now minding for the Bitcoin halving as the start of the next bull run, you want to hear the truth? You will be disappointed, because after the halving the price will lose the hype like always and everyone will feel like WTH?

Halving isn't the start of the bull run, not until some few months later into 2025 but yes it's safe to say that the bull market starts in the same year as the halving but not like all people are expecting.

I am used to accessing my wallet everyday, as I can't do without moving some funds here and there but I don't keep large amount of assets in the wallet, most of them are moved to my offline wallet and yes I have my keys secured, thanks for reminding us, I am fully prepared for 2024 and beyond.

lets make it more short, only 26 weeks remaining.Time is passing like a candle and we will see new thread with the topic "" 24 hours remain for btc halving ""


you have missed Bitcoin Spot ETF event which i think would be bigger than all you mentioned. happy to see that many big companies now accepting btc for payment which was not looking easy before 10 years. Paypal and Ferrari are very big names. both using third party service but it is just start and we will see many big news before having. halving is close which is itself a big reason for bull sign


Very good advice and fortunately I have done all already before this thread. Indeed I stored my phrase in hard copy from the first day and never used this paraphrase to open in pc. I am 100% sure that my wallet is safe and i have enough amount of btc which I hope will give me a decent profit in upcoming bull market.

Access to wallet ✅✅
Ready for for halving ✅✅

Creation of Backups and ensuring that I actually have access to these coins was and is always done as the first step of creating a wallet!
And I applaud you for this information,as this is useful for users new to the crypto world as you don't want to be buying Bitcoins because of the halving only to find that you have been locked out of your wallet because you can not remember where you saved your private key or mnemonic or a character is missing that grants you access to the wallet.

These are great news but I think that these news came too early and may never be effective when it is needed to pull the market. We had already seen the effect of Ferrari acceptance of bitcoin in the price rise, I don't think that such an announcement will have further effects on the bitcoin price unless the negative news, when Ferrari will announce that they have stopped accepting bitcoin.

Everything is possible in bitcoin, but I strongly doubt the idea of bitcoin touching the region of 12k. If bitcoin goes to 12k region, a new ATH might never be achieved again. For 70k to be successful, bitcoin price need to building up little by little and not going down.