Do you prepare for a Bitcoin bull run? - page 3.

ultrloa

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Quote from: pinggoki on October 23, 2023, 02:28:25 AM

Quote from: Ricardo11 on October 23, 2023, 02:01:03 AM

I keep my wallet pretty secure and always some money invested in bitcoins for the next bull market. I have long been prepared for the bull market of Bitcoin. And I always keep some of my earnings invested in Bitcoin so that I can sell it in the next bull market and make a good profit. And I'm still investing for the next bitcoin bull market and will continue to do so until the bull market begins.

That's so nice of you that you already have secured your bitcoins. I think that the act of slowly accumulating your bitcoin by slowly buying small amounts of bitcoin is already preparing so technically every person that's buying bitcoin right now and hoarding it and waiting for the bull run are preparing but if OP is talking about a different preparation maybe emotionally then it's going to be a different story because there are some people that don't really know how they will handle their emotions when bull run happens or what they have to do when they get out of the market when their target price finally arrives.

Slowly accumulating is best way for people to do especially if they can't afford to buy in bulk since we are now in situation where many are hoping to see some green light in the market knowing that bitcoin halving is coming. This event is one of the most speculated scene at the moment and many hope that another bull run will came so for us not to miss something that can give us a profit in short month period maybe its good to take a risk and ride with the other accumulating. Also positive signs are now showing up especially that bitcoin already reached at $30k at price so provably many already got hype up for seeing that price come and who knows on December we can see it reach for $40k which is not impossible to happen. Those people still doubting might not get the best result with it since like other year where bull run came they might regret for not buying it again so lets not act the same and always look at positive about this current upcoming event.

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Quote from: Kasabus on October 22, 2023, 08:38:35 PM

Quote from: bettercrypto on October 22, 2023, 08:30:06 PM

It's hard to keep up with when the plane takes off. I experienced that before. And for sure, the people who are negative about crypto or Bitcoin will buy it when the bull run comes. Many people will buy it, but the price is expensive for sure. If you don't want to follow and imitate them, it's better to do it now while there is still a chance.

I totally get where you're coming from, man. I've been there, too, and I'm not planning to repeat the same mistakes. We're more mature now, and this bull run seems like it's just around the corner. They say bull runs usually follow the halving, but what if this time it's different? What if it arrives earlier? So, I think we shouldn't waste any time here. It's like squandering an opportunity. Let's keep accumulating because that's the only way to prepare for this impending bull run.

We will never know until the halving comes. Some say it will take a few months or a year for the halving to take effect. And the upcoming halving may be different and who knows what will really going to happen. But then, I agree that the only way for everyone to prepare for the bull run is to continue accumulating right now.

Buying regularly from now on will be the way to prepare, by the time Bitcoin prices start to take off, we will no longer have to chase it, and everyone can avoid being FOMO. This kind of scenario leads so many of us to lose money in our investment, but this time should be different as we all know the things we need to do.

pinggoki

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Quote from: Ricardo11 on October 23, 2023, 02:01:03 AM

I keep my wallet pretty secure and always some money invested in bitcoins for the next bull market. I have long been prepared for the bull market of Bitcoin. And I always keep some of my earnings invested in Bitcoin so that I can sell it in the next bull market and make a good profit. And I'm still investing for the next bitcoin bull market and will continue to do so until the bull market begins.

That's so nice of you that you already have secured your bitcoins. I think that the act of slowly accumulating your bitcoin by slowly buying small amounts of bitcoin is already preparing so technically every person that's buying bitcoin right now and hoarding it and waiting for the bull run are preparing but if OP is talking about a different preparation maybe emotionally then it's going to be a different story because there are some people that don't really know how they will handle their emotions when bull run happens or what they have to do when they get out of the market when their target price finally arrives.

Ricardo11

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I keep my wallet pretty secure and always some money invested in bitcoins for the next bull market. I have long been prepared for the bull market of Bitcoin. And I always keep some of my earnings invested in Bitcoin so that I can sell it in the next bull market and make a good profit. And I'm still investing for the next bitcoin bull market and will continue to do so until the bull market begins.

Kasabus

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Quote from: bettercrypto on October 22, 2023, 08:30:06 PM

It's hard to keep up with when the plane takes off. I experienced that before. And for sure, the people who are negative about crypto or Bitcoin will buy it when the bull run comes. Many people will buy it, but the price is expensive for sure. If you don't want to follow and imitate them, it's better to do it now while there is still a chance.

I totally get where you're coming from, man. I've been there, too, and I'm not planning to repeat the same mistakes. We're more mature now, and this bull run seems like it's just around the corner. They say bull runs usually follow the halving, but what if this time it's different? What if it arrives earlier? So, I think we shouldn't waste any time here. It's like squandering an opportunity. Let's keep accumulating because that's the only way to prepare for this impending bull run.

bettercrypto

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All of us here are probably preparing for the bull run that is coming, and I think that there are many people who practice DCA methods in these times, and I am one of those who do. Of course, I also don't want to be left to chance. this.

We all want to save during the bull run because we have witnessed how the market moves in these scenarios. It's hard to keep up with when the plane takes off. I experienced that before. And for sure, the people who are negative about crypto or Bitcoin will buy it when the bull run comes. Many people will buy it, but the price is expensive for sure. If you don't want to follow and imitate them, it's better to do it now while there is still a chance.

Oasisman

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Quote from: Don Pedro Dinero on October 22, 2023, 09:27:00 AM

Well, not really. I prepare for the whole cycle. I know that the bull run will come, and then the bear market, so you have to be prepared for everything and try not to get overexcited when the price keeps going up and not to get depressed when the price goes down. DCA and a very long term view are the solution.

This has been the best strategy for me so far. Preparing for the whole cycle might sound a little too early but it would definitely allow you to maximize the opportunity of buying at the lowest possible price especially if you are DCAing religiously.
Not the kind of preparation that makes you almost FOMOing a few months before the halving because bitcoin's price is starting to climb.
I've seen people in social media doing this, some even hesitated at $25k because they have yet to see a significant increase when we're a few months away from the halving. These same people will go FOMO for sure lol.

Fundamentals Of

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Are these things really preparations for the bull run? It seems to me these things are very basic that whether what's about to come is a bull run or a bear season doesn't matter.

Making sure that you have access to your wallet, keeping a safe backup, etc aren't things that are even associated with Bitcoin's price. These are fundamental things that even newbies should be aware of and should be very careful about. All the time. Whether the price is expected to rise or not.

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Quote from: MusaMohamed on October 22, 2023, 05:04:39 AM

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?

We don't have to worry if Bitcoin has to back to $12k following the moment crash in 2020. Just hold it because the pattern price fasts back to recovery. Everyone here or the holder of Bitcoin already knows if halving will create the happy moment. So, my question is, who get the loss if everyone gets the benefits (halving)? because In the market, there are sellers and buyers, and there will definitely be losses (buyer) if there are people who get the benefits (seller). I don't know who would get it if all people in the world already knew that halving would benefit them.

Bitcoin growth has not seen a significant increase, bitcoin still uses the same people as before. if the price form to new ATH, then there must be new users or new buyer to buy what we sell after the price back at ATH 2021.

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Quote from: MusaMohamed on October 22, 2023, 05:04:39 AM

Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.

This isn't an advice for the halvening, it's an advice for anyone who owns Bitcoin, regardless of the market state. Or are you suggesting that people should be careless with their backups in bear market?

The best way to prepare for the halvening is to get your finances in order, make sure that you won't get in a situation when you need to sell your coins to cover some needs, at least until the bull market will be in full swing.

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Quote from: MusaMohamed on October 22, 2023, 05:04:39 AM

It's about 185 more days till a 2024 Bitcoin halving.

I'm really waiting for this, I am sure not only I am, but also most people in Bitcoin.
Let's prepare this 9actually it should be from previous times.

Quote from: MusaMohamed on October 22, 2023, 05:04:39 AM

Quote

#Bitcoin is going to $100k here is why -

I don't know whether this price will really be realized in the next bullish era. But what is certain is that I personally have or will set several price targets that Bitcoin might achieve, at least starting from last season's ATH and several other stages. This is to avoid undesirable things like before, because you had too high hopes, you actually lost the moment to take profits and ended up regretting it. However if it really was going to $100k, it would be exactly great.

Quote from: MusaMohamed on October 22, 2023, 05:04:39 AM

If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.

Exactly, damn terrible, maybe it can only mourn a life full of regret and sadness for some people. Therefore, creating a good backup and security system is very necessary to avoid unwanted things. There's no harm in starting to cross-check and prepare it now so that tomorrow you won't be rushed.

btw, good luck on adding more Bitcoin accumulation, the more, the better.

BitDane

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As much as I wanted to prepare as sole earner in the family, I can't bring myself into accumulating Bitcoin due to expenses. Despite having a daily job, and some extra earnings from the forum campaign, my earnings is just enough to cover the expenses and payment for debt. But I am sure that once I am done with all the debt, I am able to accumulate little by litte after the bull run take effect since we have still a year ahead before bulls dominate the Bitcoin market.

virasisog

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Bitcoin halving is near, and we are expecting a bull run so why wouldn't we prepare for it?
If a person knows about Bitcoin and how it has been in the past halving's then I think they would really be ready for it to make some profit by riding the next bull run.
And it is not enough to just invest on Bitcoin we should also secure our money by putting it on a wallet that we have full control of.

jeraldskie11

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Quote from: MusaMohamed on October 22, 2023, 05:04:39 AM

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.

True, it's best to check the wallet to see whether it's really safe by checking the passphrase or private key because it's useless you're waiting for the halving to happen but you lose access to your wallet. That is the first thing you must do as part of your preparation. I'm quite thrilled about the halving, and I want to buy more alts since I believe in Bitcoin's dominance. I believe that now is the best moment to invest because the prices are too low to maximize your profit. I can't wait to see the price return to the ATH again.

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Quote from: MusaMohamed on October 22, 2023, 05:04:39 AM

It's about 185 more days till a 2024 Bitcoin halving.

Man, seriously, I am very excited for Bull Run. When the halving is completed, Bitcoin will start its bull run, but only Bitcoin investors can feel the joy of seeing the market. I have prepared myself to buy for the bull run, so I have been buying a little dip for the past year, and I plan to diversify and buy more until the halving. Do I take my previous pattern and make my new all-time high again? Because of This time, the posture or sentiment of the market was not the same in terms of price movement and volatility as seen in previous bull runs. That CZ thing fits here: the future cannot be predicted by looking at past history.

So be careful in both situations so that there is no fear of losing. If BTC really started its journey towards its new ATH, then it would be reasonable to book a profit by waiting for the perfect timing of the seat belt. And if it does not run like the previous pattern, the bull run will be complete on the market. Even if it is not implemented, you should remain active and book profit in terms of a short time frame.

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I am not sure if we can see great price movements for Bitcoin halving instantly during halving. From the past, we learned that Bitcoin pumped a few months later of halving as well. I know there is a FOMO working in our minds. For me, I assume halving could pump, but not so high. We may take advantage of the halving, but for a big pump, it would happen after a couple of months of halving. There are many ETF applications pending yet; if they get approved before halving, then there will be a chances in the biggest movements. Otherwise, I am not expecting something big. Anyway, I am ready for the halving.

JoyMarsha

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Quote from: MusaMohamed on October 22, 2023, 05:04:39 AM

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.

Yes of course, I am prepared for it(halving) and what follows it(bull run). I think, I am among the few people on crypto space who don't check on their crypto wallet now and then, all because they know that where they kept their seed phrase is safe and no need to be checking or monitoring the crypto wallet address since the halving and the bull run is by next year.

My wallet seed phrase is all back up on a piece of paper, which is kept in different areas I can't easily forget. I am patiently waiting for the year 2025, when I will pilot my seed phrase to a Metamask wallet address to have full access to my bitcoin and altcoin holdings

Yatsan

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Aren’t we all? But we do have different strategy; some are just buying and holding until bullrun’s occurence and some are doing swing trades wherein they are buying in every dump of BTC value then sell during peaks which is currently around $30k to $32k. Eitherway is fine ‘coz no one guarantees when will exactly bullrun occur. As we all assume it would be after the halving so question is; would you wait knowing that there are sudden dumps whoch could be good entry points.Fact here is that as long as the market price of Bitcoin is below ATH then it would be a good position to be held until the market becomes bullish again. On my end, I’d be swinging until the price falls down to $20k (if ever) then that would be the time I will be engaging a big amount to be held for a long period of time or until the price breaks the ceiling.

Crypto Library

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I don't even know if I'm really prepared for the wrong run. However, I have adopted a long term strategy rather than making large amounts of investment at once. I have adopted the strategy as much as I am making a certain amount of fund bitcoin investment every week or every month. But that doesn't mean I'm not excited about the upcoming bitcoin halving, I'm very excited about it because it's probably my first bear market after I've seen a bull market with crypto currencies. But just based on the points you quoted I don't think Bitcoin will touch 100k. Even before this, before the start of the last halving season, many speculated that bitcoin would work at 100 during the bull run of the service, but it did not happen. However, no one can guarantee the future of cryptocurrency, but it is true that this bull run is likely to touch a new all-time high price of Bitcoin.

Quote from: darkangel11 on October 22, 2023, 02:04:40 PM

Quote from: MusaMohamed on October 22, 2023, 05:04:39 AM

It's about 185 more days till a 2024 Bitcoin halving.

According to bitcoin halving clock it's 173 days.

It was quite confusing to me. Roll Eyes

As far as I know, 10 minutes is estimated for one block mining, but sometimes it can be different, that is why may the counting time show different on the different websites. Roll Eyes

darkangel11

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Quote from: MusaMohamed on October 22, 2023, 05:04:39 AM

It's about 185 more days till a 2024 Bitcoin halving.

According to bitcoin halving clock it's 173 days.

Quote

#Bitcoin is going to $100k here is why -

- Honda now accepts Bitcoin & Crypto Payments

It does not. Payment processors accept it, the same way you can buy an amazon gift card on bitrefill, but you can't pay in bitcoin directly on amazon and nobody spreads false rumors that amazon now accepts bitcoin.

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- Elon Musk calls fiat currencies a S-C-A-M

The same Elon that claims bitcoin is bad for the environment?

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- Tesla reveals none of its $312 Million Bitcoin was sold in Q3 2023.

But it sold 75% of its bitcoin holdings in Q2 2021.
It's not a big deal that a company that reduced its investment by 75% does not want to reduce it to 0.

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- Ferrari now accepts Crypto payments for its Car

Using BitPay, a processor, again the same situation we had with Honda.

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- Hong Kong officially launches its first Bitcoin & Crypto trading platform.

But bitcoin remains banned in China...

I'm not going to answer each one of these, but these are not black and white statements. There's a problem with each and every one of them.
I'm always ready for a bull run, the same way I'm ready for a bear run. I keep holding during both of them Cheesy

Topic: Do you prepare for a Bitcoin bull run? - page 3. (Read 486 times)