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 would stick to DCA as well because that’s the only option where I can maximize the volume in my portfolio. And I’m really waiting for another price drop because that will serve as another great opportunity to buy significant amount of bitcoin before its price goes to the moon again. My focus is to increase my long term investment so whether this bitcoin halving is coming or not, still I will continue to do the DCA and make a profitable sell when bull run has finally arrived. 
Topic: How Do You Plan to Make the Most of Your Bitcoin Investment Before the Halving? - page 3. (Read 562 times)
November 05, 2023, 02:31:01 PM
hero member
Activity: 1036
Merit: 933
Find your Digital Services at- cryptolibrary.pro
November 05, 2023, 02:16:07 PM
How do you plan to make the most of your Bitcoin investments before the halving in 6 months?
Actually my plan has been made long before now I just have to follow that strategy for the remaining six months or until the end of bitcoin halving. I see you have gone hardline once to make bitcoin investment although I have not gone that hardline but have been making a fixed amount every month or every week.I won't call your strategy bad but I don't think your objective needed to be limited to double profits. If you want, you can keep your life as normal and do bitcoin investment for a long term with a certain amount of your earnings only excluding the access expensive ones. The current price of bitcoin is half of its all time high price so I think bitcoin halving in the next bull season I think it will touch its new all time high price and you have to wait for that so I would say only 2x your profit Adopt a more long-term strategy without limiting yourself. And yes definitely do a proper dca management for risk management and then start investing.
November 05, 2023, 02:02:26 PM
I admire your dedication, it’s not a easy task cutting down the simple pleasures of life to achieve a goal. But I don’t think sharing a flat with a stranger is the best. For me, I won’t be making any changes to my current plan or lifestyle. I already have a good saving plan that’s working for me. The bitcoin halving wouldn’t make me alter my plans, I’m hodling for long term so the halving doesn’t make much of a difference to me.
November 05, 2023, 01:41:23 PM
- 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.
I am in no place to tell you what to do but I think all that is too Much you putting your life at risk especially if you don't know who your new flat mate is well, and having your personal car can help you get to places quicker and fast making life easier and helping you to focus more energy into being profitable, one thing I would say is never incest aggressively in anything.
November 05, 2023, 01:40:37 PM
I make regular Bitcoin spot purchases every week, and earn extra from signature campaigns. Plus, I used a little Bitcoin to play M coin Bitcoin futures which I intended as a step to earn Bitcoin significantly and quickly. However, spot is still a priority, Mcoin Bitcoin futures have big risks, but also have high returns, you need accuracy, patience, analysis and correct management to get maximum results.
By using the future contract and leverage trade you are risking bitcoin for all the possible future gains in the next bull run. It is up to the user how they are going to use their coin but using future trades at a time like this is not a good idea. We are very close to the halving and the market can be very manipulative because lots of people are keeping an eye on the market and they will push the market up and down to liquidate all the future contacts if they get the opportunity to do so.
November 05, 2023, 01:25:00 PM
The Bitcoin halving is a highly anticipated event for all bitcoiners and non bitcoiner alike. So many persons are preparing for it in several ways that seen fit to them. The OP who has listed some new behaviours or lifestyle adjustments that he has made is right in his own eyes which is also good. I have no criticism against him. From me the best way that I know to make the most of my bitcoin is investment before the housing is simply to increase the amount of my dollar cost averaging and secondly two double the number of times dollar cost averaging. I'll do twice a week or twice a month rather than the usual once a week.
November 05, 2023, 12:44:08 PM
How do you plan to make the most of your Bitcoin investments before the halving in 6 months?
I will say that you have a good plan to save and move the money to Bitcoin investment. I like the plan because it is achievable and not filled with wishful thinking. My plan will be a little different from yours because of my status or individual needs.
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.
Spending the profit I made from Bitcoin on holiday is a total waste to me. Don't get me wrong, a vacation might be your own need but it is the least on my list. I live in a country where you might end up in poverty if you don't spend wisely. I have needs like starting a business, owning a house, and acquiring more skills. - Visiting Mongolia, one of the most beautiful countries in the world. I've seen a lot of documentaries about Mongolia on YouTube.
November 05, 2023, 12:10:10 PM
Honestly, considering I am not rich at all, its already quite tough to handle everything all at once, its not that easy of a situation and could be considered a little different for me at this moment. I would have bought a lot more if I had the money, but for the past 3 years I have been in and out of hospitals all the time, not for myself but my wife and her family has been sick a lot, from her aunt to her mother to herself, she just had surgery last week. So when you think about it, its not really all that complicated, and could be considered as something normal to not have enough money. I believe that if I didn't had all that, I would have bought a lot more and be holding a ton right now.
November 05, 2023, 11:59:14 AM
How do you plan to make the most of your Bitcoin investments before the halving in 6 months?
Gambling less and secure my profit into my hardware wallet whenever I have chance. I typically just spend immediately my gambling profit in fiat by purchasing items in e-commerce but roght now I halt on spending online and focus more on building my Bitcoin balance from gambling and a little bit of trading which is working perfectly on my end.Online shopping contributes a lot to my expenses that is why I can immediately focus on storign more Bitcoin by cutting this heavy expenses of mine. I’m planning to sell too some of my luxury shoes that I’m just collecting to purchase more Bitcoin this upcoming December. I’m just waiting for sure confirmation about this bullrun before I began investing seriously using my assets in real life.
November 05, 2023, 11:53:01 AM
The way I see that you can take advantage of being able to buy everything you can, because only in this way is it possible to make a better and greater fortune, of course, is my way of thinking, which I can intuit that now the things when They are about how to have more money, it is not like many people do who buy when bitcoin is reaching a lot of money, but that is the wrong way, because it is better to buy it as it is right now, because just imagining that it will happen. Bitcoin at $150k and we buy at that price is too much what we are going to lose, while buying it at the current price is going to earn too much, the important thing is to have and make many satoshis.
November 05, 2023, 11:21:39 AM
I like your plan, OP. I think every person who cares about their future and understands the value of investing in Bitcoin will try to allocate funds before the halving. Another thing is that not everyone has such a focused plan with such precise intentions. I save a certain amount whenever possible, but I’m not a fan of depriving myself of going to the gym, swimming pool, and, of course, some meetings with friends.
But your goal is very noble and does not have a Philistine direction—to buy some things. Do you love to travel? Mongolia is definitely a mysterious country, and I also dream of visiting it. Therefore, let all your dreams come true at the exact moment.
But your goal is very noble and does not have a Philistine direction—to buy some things. Do you love to travel? Mongolia is definitely a mysterious country, and I also dream of visiting it. Therefore, let all your dreams come true at the exact moment.
November 05, 2023, 10:53:45 AM
The op talks about a balance between saving and enjoying life, but, to be honest, the lifestyle plan sounds pretty rough to me in some points. I wouldn't live in a shared apartment to save money, and I do occasionally order takeaway, even though 90% of the time I eat homemade meals my spouse and I make. I don't have a car, and I do salute the decision to sell it, but it's harder in some countries than in others.
I just sell what I have to, and I'll try to save up more, but without any major lifestyle changes.
I just sell what I have to, and I'll try to save up more, but without any major lifestyle changes.
November 05, 2023, 09:52:53 AM
If you're really obsessed to invest as big as you can in Bitcoin, why you're not sell your kidney and then use that money to buy Bitcoin, you can live with one kidney and then buy a new kidney after you sell Bitcoin during bull season lol.
That's not a suggestion, but a stupid decision just like taking out a loan to invest in Bitcoin.
Despite you're try to change your lifestyle to save more money to accumulate Bitcoin, you should accept if there's might no bull season or the bull season isn't like what you were expect.
That's not a suggestion, but a stupid decision just like taking out a loan to invest in Bitcoin.
Despite you're try to change your lifestyle to save more money to accumulate Bitcoin, you should accept if there's might no bull season or the bull season isn't like what you were expect.
November 05, 2023, 08:58:08 AM
It's easy for me, I have a lot of amicable relatives and friends and I have done this kind of thing before which is asking them a considerable amount of money for loan, this isn't a lot of people so you don't have to raise your eyebrows about me not being genuine but these people that I plan to ask for a loan knows that I am invested in bitcoin and many other cryptocurrency and I've shared my profits to these people back then so they know that I'm trustworthy. Now, this might sound weird to you and even irresponsible but the loans aren't that big and they know that I can pay and there's no interest since they're close friends and relatives/family so the increase in payback is just me giving it out of good will and a token of gratitude. I would understand that some of you if not all might be full of doubts that this is a true but I can assure you that this is the truth. By the way, the money that I'm borrowing from them isn't that large amount, maybe around $150 would be the highest. Not the most ideal way to accumulate bitcoin quickly but the opportunity was there so I just grabbed it (no interest family/friend loan).
November 05, 2023, 08:46:15 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 have differential opinion to this, cars are definitely expensive to maintain but sometimes they are cheaper when compared to the costs in terms of cost savings than running into trains. OP has a work which he needs to get to, although I don’t know how early he needs to leave but most at times one always gets late when using public transit because you can’t go or leave whenever you wish to till the train arrives. The best cost saving option to me is to limit where you drive to that will save the things you listed like fuel.
Everyone has his own way of doing things but I will accumulate bitcoin at my own comfortability, some restrictions can be detrimental to one’s health. It will be awkward to save and later use it to treat some health issues.
Also bitcoin halving might be coming this April but bull isn’t coming soon, when it is coming is also not certain. One could get frustrated along the way if it gets delayed and lack of patience is one bad attribute of a bitcoin holder
November 05, 2023, 08:38:51 AM
I make regular Bitcoin spot purchases every week, and earn extra from signature campaigns. Plus, I used a little Bitcoin to play M coin Bitcoin futures which I intended as a step to earn Bitcoin significantly and quickly. However, spot is still a priority, Mcoin Bitcoin futures have big risks, but also have high returns, you need accuracy, patience, analysis and correct management to get maximum results.
Making a purchase every week or DCA is a good strategy. Starting early to allocate Bitcoin every week until the upcoming halving will produce a good outcome. An effective strategy to lower the risk of the volatile nature of the market. By doing DCA, you have the chance to purchase at a lower price and increase your investment. Currently, I am also doing the same thing trying to invest in Bitcoin as much as I can. There are only a few months left before halving and no one knows when the effect will affect the market, better to invest before that happens.
Apart from that, portfolio diversification is also important. For example, buying a number of altcoins that we believe can provide a large price increase can provide an opportunity to increase the amount of Bitcoin we own. We all know that altcoins experienced a big decline during the bearish season, if the altcoin we own/buy goes up then if we sell it in Bitcoin pairs it will also double. This is just a little experience that I did in 2019-2022, I bought several altcoins with capital of 0.01 BTC and during the bull run season at that time I got approximately 0.4 BTC. I hope that will happen again in this bullrun.
November 05, 2023, 07:40:11 AM
I make regular Bitcoin spot purchases every week, and earn extra from signature campaigns. Plus, I used a little Bitcoin to play M coin Bitcoin futures which I intended as a step to earn Bitcoin significantly and quickly. However, spot is still a priority, Mcoin Bitcoin futures have big risks, but also have high returns, you need accuracy, patience, analysis and correct management to get maximum results.
Making a purchase every week or DCA is a good strategy. Starting early to allocate Bitcoin every week until the upcoming halving will produce a good outcome. An effective strategy to lower the risk of the volatile nature of the market. By doing DCA, you have the chance to purchase at a lower price and increase your investment. Currently, I am also doing the same thing trying to invest in Bitcoin as much as I can. There are only a few months left before halving and no one knows when the effect will affect the market, better to invest before that happens.
November 05, 2023, 07:28:05 AM
I'm amazed at your resolve to stack as much sats as possible. That's incredible of you. You even decided to sell your car for the sake of Bitcoin investment. You didn't even renew your gym membership even if that's already very personal and not really a vanity of some sort.
I don't want to say that you're going too far on your determination to have as much Bitcoin as possible, but I haven't considered this myself. I didn't even change my lifestyle just to have more Bitcoin. There's not much to save anyway because I'm not living a luxurious life, but perhaps I just don't want to sacrifice too much.
I don't want to say that you're going too far on your determination to have as much Bitcoin as possible, but I haven't considered this myself. I didn't even change my lifestyle just to have more Bitcoin. There's not much to save anyway because I'm not living a luxurious life, but perhaps I just don't want to sacrifice too much.
There are people who have that kind of motivation when it comes to investment.
For people who can afford, there's no problem in buying more. Also, it means, they truly believe on this market.
Just like people who are into real-estate or gold, they will buy as long as they feel they have money to spend.
But it is understandable for a lot of crypto users who can't buy more even if they want to or save their satoshis.
We all have our own expenses and somehow, we need to cash out if there's a need to.
That's right, even if I want to have as much as possible, there are times when I have to stop or even times when I have to sell.
But how about the advice to only invest what you can afford to lose? By this advice, can we say that a man who has abandoned a lot of things which could be considered necessities like a car for example, considered investing more than he can afford to lose?
Although it's far from possible, what if Bitcoin suddenly dived in value? You could end up living that hard life permanently.
November 05, 2023, 06:18:02 AM
I make regular Bitcoin spot purchases every week, and earn extra from signature campaigns. Plus, I used a little Bitcoin to play M coin Bitcoin futures which I intended as a step to earn Bitcoin significantly and quickly. However, spot is still a priority, Mcoin Bitcoin futures have big risks, but also have high returns, you need accuracy, patience, analysis and correct management to get maximum results.
November 05, 2023, 06:04:10 AM
I'm amazed at your resolve to stack as much sats as possible. That's incredible of you. You even decided to sell your car for the sake of Bitcoin investment. You didn't even renew your gym membership even if that's already very personal and not really a vanity of some sort.
I don't want to say that you're going too far on your determination to have as much Bitcoin as possible, but I haven't considered this myself. I didn't even change my lifestyle just to have more Bitcoin. There's not much to save anyway because I'm not living a luxurious life, but perhaps I just don't want to sacrifice too much.
I don't want to say that you're going too far on your determination to have as much Bitcoin as possible, but I haven't considered this myself. I didn't even change my lifestyle just to have more Bitcoin. There's not much to save anyway because I'm not living a luxurious life, but perhaps I just don't want to sacrifice too much.
There are people who have that kind of motivation when it comes to investment.
For people who can afford, there's no problem in buying more. Also, it means, they truly believe on this market.
Just like people who are into real-estate or gold, they will buy as long as they feel they have money to spend.
But it is understandable for a lot of crypto users who can't buy more even if they want to or save their satoshis.
We all have our own expenses and somehow, we need to cash out if there's a need to.
Jump to: