How Do You Plan to Make the Most of Your Bitcoin Investment Before the Halving?

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Quote from: alastantiger on November 05, 2023, 03:46:51 AM

The countdown to April 25, 2024, the day of Bitcoin halving from today, November 5, 2023, is approximately 6 months, 3 weeks, and 5 days.

There's a flip side to this. After the halving, my Bitcoin investments would have doubled. I plan to reward myself with the profit by:

Yes, though we have approximately 6 months, 3 weeks, and 5 days for next halving, that doesn't mean immediately the halving occurs, the value of Bitcoin will start skyrocketing, as most times it usually takes an extra 10 to 15months, before it's value goes 2x, 3x or 4x of it's recent current price.

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How do you plan to make the most of your Bitcoin investments before the halving in 6 months?

The price of Bitcoin as of the time of writing this post is currently valued at $36,900, which means with the way I'm seeing it, this price of Bitcoin is likely to increase even before the halving or after the halving next year, of which we never can tell now at the moment. But one certain for me is that in other to reap the huge returns which Bitcoin holds for us, all I will have to do is limit the amount of Bitcoin I tend to use for my daily upkeep, while I hold on the rest for dear life (i.e HODL).

fokinlipat

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Quote from: alastantiger on November 05, 2023, 03:46:51 AM

The countdown to April 25, 2024, the day of Bitcoin halving from today, November 5, 2023, is approximately 6 months, 3 weeks, and 5 days. As for my personal plans to make the most of Bitcoin investments before the halving, I'll focus on regular investments without dramatically altering my lifestyle, ensuring a balance between saving and enjoying life in the present. Here are the habits and behaviors I have adopted to ensure that I make the most of my investing in Bitcoin before that day arrives:

I turned my apartment into a shared one, meaning I got a flatmate and used the money paid to buy more Bitcoins.
No more buying new clothes, shoes, phones, or electronic devices. No more eating out. I'll cook all my meals. The money saved will be used to buy more Bitcoins.
This month, I'm selling off my car and I'll start using the train for commuting to work or any other essential place. Therefore, unless it is absolutely necessary, my social life is going to suffer for a little while. This delay of gratification is worth it.
I didn't renew my gym membership. I purchased some dumbbells and barbells to start working out from home. The money supposed to be spent on the gym membership will be used to buy more Bitcoins.

There's a flip side to this. After the halving, my Bitcoin investments would have doubled. I plan to reward myself with the profit by:

- Visiting Mongolia, one of the most beautiful countries in the world. I've seen a lot of documentaries about Mongolia on YouTube.

How do you plan to make the most of your Bitcoin investments before the halving in 6 months?

You have a lot of control on your spending habits. You will always good financially. I have a different approach though and that is to increase my earnings. I have started to outsource the freelance work that I had been doing myself. It is becoming more profitable for me, all I have to do is to find more and more clients and then pass on the work to my workers. I will spend all the extra earnings to buy more bitcoin. Almost, 90% of my portfolio is in bitcoin.

Blitzboy

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Quote from: lalabotax on November 08, 2023, 05:53:02 PM

Quote from: alastantiger on November 05, 2023, 03:46:51 AM

There's a flip side to this. After the halving, my Bitcoin investments would have doubled. I plan to reward myself with the profit by:

- Visiting Mongolia, one of the most beautiful countries in the world. I've seen a lot of documentaries about Mongolia on YouTube.

How do you plan to make the most of your Bitcoin investments before the halving in 6 months?

This is his hope, even more than that, hopefully. However, we also have to be calm and not get too obsessed with prices that have soared very high. Remaining in a fairly reasonable zone. However, at least if we can get past the ATH of last bull season, of course this will have a big impact on our total assets. It's just that, we don't know when the right time will be, whether after the halving is right or like before we have to wait a few more months. We have to be patient.

As long as that doesn't happen, making more optimal purchases and investments in Bitcoin is one way I can accumulate investments in Bitcoin. At least, we can optimize as much Bitcoin as we have, but still under our control of money management.

Balance is everything. That next huge price increase has us all on edge, right? But your advice about avoiding the madness is wise. Smart asset allocation and avoiding overcommitting to a volatile market. Every financial move must be smart and calculated, like chess.

Nobody knows what Bitcoin will do, so we wait. Halving events, market speculation - its all part of the equation, and timing the market is extremely challenging. Playing the long game means focusing on the horizon rather than the waves ahead.

You're right about optimizing purchases. DCA into Bitcoin has historically mitigated volatility. Its all about controlled expansion of your assets, right? Follow money management fundamentals and dont let the noises define your plan to weather cryptocurrency's volatile nature.

harapan

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Quote from: alastantiger on November 05, 2023, 03:46:51 AM

The countdown to April 25, 2024, the day of Bitcoin halving from today, November 5, 2023, is approximately 6 months, 3 weeks, and 5 days. As for my personal plans to make the most of Bitcoin investments before the halving, I'll focus on regular investments without dramatically altering my lifestyle, ensuring a balance between saving and enjoying life in the present. Here are the habits and behaviors I have adopted to ensure that I make the most of my investing in Bitcoin before that day arrives:

I turned my apartment into a shared one, meaning I got a flatmate and used the money paid to buy more Bitcoins.
No more buying new clothes, shoes, phones, or electronic devices. No more eating out. I'll cook all my meals. The money saved will be used to buy more Bitcoins.
This month, I'm selling off my car and I'll start using the train for commuting to work or any other essential place. Therefore, unless it is absolutely necessary, my social life is going to suffer for a little while. This delay of gratification is worth it.
I didn't renew my gym membership. I purchased some dumbbells and barbells to start working out from home. The money supposed to be spent on the gym membership will be used to buy more Bitcoins.

These are well laid down plans prior to the Bitcoin halving next. These Will generate good numbers for you, they shouldn't end up in a KYced centralized exchanges. There were valuable lessons learnt from the last and previous bulls and bear make no mistakes to leave them on exchanges else those nutshells in charge of control will squeeze your funds. Ftx is lesson enough for those that wants to learn.

70% in Bitcoin and 30 Percent into ETH! I can only successfully invest in what I trust and what is well backed.

EluguHcman

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I thought about quitting smoking, drinking and doing drugs because I have realized it doesn't bring values instead it brings devalues to my body system with the threats to healthiness and life and also brings about irresponsible reputations.

I was abusive and addicted to it. But since there has been inflations going on in my country, i was able to limit to a very low reasonable limit and as time goes I keep seeing myself alive because I thought there would be no of my life without those "Hard in Takes" so, I have decided to quit since I could have it under control maybe create a chart to Chanel how I spends on those sh*ts to topping to my Bitcoin trading wallet for a motion ness accumulations of my Bitcoin.

mirakal

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The only plan I have right now is to continue DCA while the market is still giving us opportunities to accumulate more bitcoin before bitcoin halving takes place. Bitcoin price might eventually continue to surge high when bitcoin halving is over and that going back to its low price might be hard anymore. That's why by never stopping from doing DCA, at least little by little my bitcoin portfolio will be filled in through spending an amount that I can still afford to lose.

While others have resorted into investing in altcoins as well to maximize their investment profits, but for me I only trust bitcoin so instead of adding some altcoins or shitcoins into my portfolio, most probably I'll just have to deal and lessen the risk through sticking to bitcoin as my crypto investment.

Hypnosis00

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Honestly, OP, don't focus on investing in Bitcoin alone because what you did is just like forcing yourselves to the limit and it looks like you are too aggressive. I'd never see any wrong with Bitcoin but must slow down as well because this is not competition and I don't want you to miss other investment opportunities aside from crypto. Because what if you fail from your assumptions? DCA is somewhat a good idea and the majority are using this strategy. And the thing that I would say --set a limit on your investment.

BitDane

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Quote from: alastantiger on November 05, 2023, 03:46:51 AM

How do you plan to make the most of your Bitcoin investments before the halving in 6 months?

I plan on carrying my life normally. Buy Bitcoin with some part of my extra money. I won't push my budget to the limit of thrifting because I am the sole earner of the family, I do not want my parents to lack on their basic needs just to level up my Bitcoin accumulation scheme. A regular DCA is ok for me besides the Bitcoin price won't just balloon overnight after the halving. More or less we have more than a year before we can see Bitcoin breaking it ATH, that is if the cycle repeats itself.

lalabotax

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Quote from: alastantiger on November 05, 2023, 03:46:51 AM

There's a flip side to this. After the halving, my Bitcoin investments would have doubled. I plan to reward myself with the profit by:

- Visiting Mongolia, one of the most beautiful countries in the world. I've seen a lot of documentaries about Mongolia on YouTube.

How do you plan to make the most of your Bitcoin investments before the halving in 6 months?

This is his hope, even more than that, hopefully. However, we also have to be calm and not get too obsessed with prices that have soared very high. Remaining in a fairly reasonable zone. However, at least if we can get past the ATH of last bull season, of course this will have a big impact on our total assets. It's just that, we don't know when the right time will be, whether after the halving is right or like before we have to wait a few more months. We have to be patient.

As long as that doesn't happen, making more optimal purchases and investments in Bitcoin is one way I can accumulate investments in Bitcoin. At least, we can optimize as much Bitcoin as we have, but still under our control of money management.

Ryu_Ar1

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Quote from: alastantiger on November 05, 2023, 03:46:51 AM

This month, I'm selling off my car and I'll start using the train for commuting to work or any other essential place. Therefore, unless it is absolutely necessary, my social life is going to suffer for a little while. This delay of gratification is worth it.
I didn't renew my gym membership. I purchased some dumbbells and barbells to start working out from home. The money supposed to be spent on the gym membership will be used to buy more Bitcoins.

Even though bitcoin is a good thing, it does not mean that you should bet everything on bitcoin because you must remember that this is not gambling but an investment.
Even though it is an action that you think is quite right and you have no problem with it but it would be better if you do not take a big risk in this case.

I recommend doing DCA because indeed it can be a very good option to continue to do but if in the end if it is indeed the thing that you think is best in the buying strategy according to your wishes then indeed it is up to you but do not let investing in bitcoin can interfere with your activities and only focus on buying bitcoin alone because we must remember that this is an investment option and not gambling that thinks Halving will be profitable even though indeed from some previous bitcoin history halving has always been a benchmark.

red4slash

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In this case, I personally didn't have any plans ahead of the halving as I was just doing what I've done many times before.
I always buy bitcoin with the DCA strategy and I will still do it even until the time I can't determine now but of course this depends on the situation and the price increase so as long as I can still buy and the price of bitcoin in my opinion is still very feasible before they return to ATH or even get a new ATH I will continue with the same strategy.
Because in the end I still believe that this is my consistency and the best way to continue to get bitcoin and to get optimal results when my target to release bitcoin is approaching.

Silberman

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Quote from: CryptoBuds on November 08, 2023, 01:21:00 AM

Indeed, the best time to accumulate is during bear season, there is no need to wait until close to halving to start accumulating. But you are ready for the bull season, does that mean you've accumulated enough bitcoin for yourself? I think if you still want to buy more, the current price is worth buying instead of waiting for the price to drop to $20k because that's really unlikely. But it's okay if you're happy with the bitcoins you've accumulated over the years. As for me, I have also accumulated quite a bit of bitcoin but still maintain it steadily because my goal is not only the upcoming bull season but also a longer-term goal for the future.

Without a doubt it is more efficient to accumulate coins when the market still has bearish tendencies and there is a lot of fear on the air, however even if it seems those conditions are behind us I think that anyone that wants to start to accumulate coins now can still get good profits if they do so, the issue for them more than the price is the time, as we are running out of it very quickly as we are just months away from the halving and I do not know who much bitcoin can a person realistically accumulate during that time.

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Quote from: Don Pedro Dinero on November 05, 2023, 03:52:08 AM

I do DCA and I don't plan to make any special changes, except maybe to do partial sales at ATH times, like when the price goes over $100,000 and things like that. But for me it's more of a long-term view, which includes a couple of cycles or more. Gradually continue to accumulate wealth in bitcoin and other assets.

I will continued to DCA.and make a plan on how to manage my assets.because choosing your investment strategy is important to success in investing. Roll Eyes

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Quote from: Altryist on November 07, 2023, 03:34:37 PM

Quote from: CryptoBuds on November 07, 2023, 03:54:52 AM

I agree, I see no reason to change my plans and force myself to accumulate more bitcoin just because the halving is approaching. Meanwhile, we have had more than 2 years since the bear season hit and we have had enough time to accumulate bitcoin. I don't know where the OP was during that time, and he now has to increase his accumulation of bitcoin when its price has increased significantly. If he really wanted to accumulate more bitcoins and bigger profits, he should have done this 2 years ago or more.

I'm still accumulating bitcoin according to my ability and I need to balance my life instead of just focusing on bitcoin too much and neglecting other things.

It’s worth accumulating Bitcoin in a bear market, it’s hard to argue with this, and halving is a harbinger of the onset of a bull market, perhaps not immediately but after some time, but halving is definitely not a harbinger of the fact that the best time to buy Bitcoin awaits us. We had a lot of time to buy, to be honest, I’ve been ready for growth for a long time and will only buy more if the price drops below 20k again, but I don’t really believe in that, so I just continue to wait for new ATHs for Bitcoin.

Indeed, the best time to accumulate is during bear season, there is no need to wait until close to halving to start accumulating. But you are ready for the bull season, does that mean you've accumulated enough bitcoin for yourself? I think if you still want to buy more, the current price is worth buying instead of waiting for the price to drop to $20k because that's really unlikely. But it's okay if you're happy with the bitcoins you've accumulated over the years. As for me, I have also accumulated quite a bit of bitcoin but still maintain it steadily because my goal is not only the upcoming bull season but also a longer-term goal for the future.

gunhell16

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What I'm doing right now is that I'm accumulating crypto that I want to accumulate and believe that I can make a nice profit in the future with the upcoming bitcoin halving, because I know that if we're getting close to the halving, there will be a bitcoin rally in the market.

And through dca, I'm doing this because the 1/4 of the income I get here is in cryptocurrency. I also sell other crypto assets that I think and I also know have the potential to keep up with the crypto bull market. I know there are a lot of people doing it too; it's now for the bull season.

Altryist

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Quote from: CryptoBuds on November 07, 2023, 03:54:52 AM

I agree, I see no reason to change my plans and force myself to accumulate more bitcoin just because the halving is approaching. Meanwhile, we have had more than 2 years since the bear season hit and we have had enough time to accumulate bitcoin. I don't know where the OP was during that time, and he now has to increase his accumulation of bitcoin when its price has increased significantly. If he really wanted to accumulate more bitcoins and bigger profits, he should have done this 2 years ago or more.

I'm still accumulating bitcoin according to my ability and I need to balance my life instead of just focusing on bitcoin too much and neglecting other things.

It’s worth accumulating Bitcoin in a bear market, it’s hard to argue with this, and halving is a harbinger of the onset of a bull market, perhaps not immediately but after some time, but halving is definitely not a harbinger of the fact that the best time to buy Bitcoin awaits us. We had a lot of time to buy, to be honest, I’ve been ready for growth for a long time and will only buy more if the price drops below 20k again, but I don’t really believe in that, so I just continue to wait for new ATHs for Bitcoin.

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Quote from: alastantiger on November 05, 2023, 03:46:51 AM

How do you plan to make the most of your Bitcoin investments before the halving in 6 months?

I try to buy with the remaining amount after meeting my needs and prefer to wait for the halving. It is also necessary to evaluate the times when prices decrease. We all know that the Bitcoin price will create a new ATH. We need to use this time well.

Everyone has their own investment plans. The important thing is to act within the plan. If we can act within our investment plan, we will make good use of our investments in Bitcoin's new ATH.

CryptoBuds

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Quote from: Uruhara on November 07, 2023, 12:35:12 AM

My method is still the same and nothing has changed. In fact, I have no intention of making changes in the way I accumulate bitcoins to save as a long or medium term investment. I just focus on DCA like everyone else. And I also only focus on using money from my source of income from work in the real world in part. But I sometimes accumulate large amounts and sometimes I accumulate smaller amounts. The point is, I don't like forcing myself. I just continue to stick to the advice I have received from many people that I will only buy Bitcoin with money that I am willing to lose. Or what is usually called cold money or unused money.

But it seems like it would be pretty good if we could buy more bitcoins by making more money. Namely by adding to our side jobs to get additional money.

I agree, I see no reason to change my plans and force myself to accumulate more bitcoin just because the halving is approaching. Meanwhile, we have had more than 2 years since the bear season hit and we have had enough time to accumulate bitcoin. I don't know where the OP was during that time, and he now has to increase his accumulation of bitcoin when its price has increased significantly. If he really wanted to accumulate more bitcoins and bigger profits, he should have done this 2 years ago or more.

I'm still accumulating bitcoin according to my ability and I need to balance my life instead of just focusing on bitcoin too much and neglecting other things.

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Quote from: alastantiger on November 05, 2023, 03:46:51 AM

As for my personal plans to make the most of Bitcoin investments before the halving, I'll focus on regular investments without dramatically altering my lifestyle, ensuring a balance between saving and enjoying life in the present. Here are the habits and behaviors I have adopted to ensure that I make the most of my investing in Bitcoin before that day arrives:

I turned my apartment into a shared one, meaning I got a flatmate and used the money paid to buy more Bitcoins.
No more buying new clothes, shoes, phones, or electronic devices. No more eating out. I'll cook all my meals. The money saved will be used to buy more Bitcoins.
This month, I'm selling off my car and I'll start using the train for commuting to work or any other essential place. Therefore, unless it is absolutely necessary, my social life is going to suffer for a little while. This delay of gratification is worth it.
I didn't renew my gym membership. I purchased some dumbbells and barbells to start working out from home. The money supposed to be spent on the gym membership will be used to buy more Bitcoins.

Many people can accumulate wealth with the help of Bitcoin or other constructive investments, but this can be threatened if the situation is not good. Unless you want to permanently stop a social life, you may be asked to participate in communal activities and stay safe. One should not only rely on Bitcoin to ensure your self-reliance and social security. You are quite careful with your investments. The most important step to take when investing in Bitcoin is to judge your needs and process well. It is very important to monitor market conditions and stay safe. This can be a good way to invest if you keep your faith and ask.

Kakmakr

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If you only started hoarding bitcoins now.... it might be too late, because you are buying during the recovery period and the price are increasing as we go towards the Halving event.

The peak will also not be on the date of the Halving, because people will start buying before the actual event happens. The hype cycle for the Halving start a few weeks before the Halving happens and that is when most people are buying. Roll Eyes

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