Topic: Do you prepare for a Bitcoin bull run? - page 5. (Read 486 times)

I think the focus shouldn't solely be on wallets when it comes to the bull run. It's all about knowing when to sell at the right time. We're all eagerly waiting for the bull run to rake in those sweet profits. This doesn't apply to those who just HODL; they're in it for the long haul and might have to sit through several bull run cycles before cashing in.

Now, for those planning to sell during the bull run, it's crucial not to let greed get the best of you. Predicting the ATH is tough, so when you see good profits, don't hesitate to pull the trigger. It all comes down to having a game plan in place before the bull run starts. Right now, it's the buying phase. Sure, Bitcoin's price may have climbed a bit, especially if you didn't snag it during a dip. But since Bitcoin is expected to hit a new ATH during the bull run, the current price still offers a good chance to turn a profit.

Obviously yes, the halving currently is the most expected thing in the crypto space although the main event actually comes after the halving which is the bull run and I think saving your coins in a wrong or faulty wallet would be least of many holders because obviously from the first instance of saving your holding journey, you would have been saving it in a wallet that is secure to your best of knowledge and you starting to have doubt now just makes the whole thing kinda stupid don't you think,

I think the major problem is knowing when to sell off during this expected bull run because the halving is not the main event in expectation, the bull season or run that comes after it is the major thing and alot of Bitcoin users sell off their coins at the wrong time during this period, maybe they sold too or early or sold too late .

I've taken all the basic steps to secure my wallet, and now I'm gearing up to stack some Bitcoin for the upcoming bull run. This part can be a bit tough, especially with that sneaky greed creeping in. I don't have a ton to invest, so my plan is to put a little in every week and let it sit until the bull run hits. Then, I might consider selling some when we reach a new ATH.

What do you think will be the new ATH, is $100k a very conservative estimate only? Or can it go  as high as $300kish....?

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.
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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.