Topic: My Preparations for BTC Halving and bull market (Read 709 times)

Its interesting how these round numbers, like "ATH," become more than just numbers; they become emotional markers. The strange thing about people is that they look for patterns, and round numbers become these invisible goals.

Now, what about the big sales after ATH? Its possible that it will happen, and your fears are valid. But keep in mind what the market is all about: supply and demand. People who sell something today may buy it tomorrow, especially if they see value in it.

Someone who sees the bigger picture and is focused on the long game instead of the short-term drama is nice to see. Hold on tight, and let's ride the Bitcoin wave together while we learn how it rises and falls.

That's a good bitcoin allocation, I also try to have 70-80% of my crypto money in bitcoins. Bitcoin is still the most popular coin and offers a good return outlook with the halving next year. I expect that most people are waiting for next year before consider selling any coins. Waiting for the price to reach the ATH is another strong level after which people could start selling again. The problem is that if many people focus on such fixed levels to take profits in bitcoins is that there will be a lot of selling pressure. It could even get so bad that there are not enough buyers in the market and prices would drop sharply. Let's assume we surpass the ATH next year and directly the next day a large number of longterm investors want to sell their coins. Without many buyers in the market this could lead to a panic and collapse of the price again. I try not link my profit goals to fixed bitcoin prices as I still believe the longterm trend is upwards for Bitcoin.

Just take advantage of it in the price goes down, I don't know though, but there could be investors here who I might say not being affected when the price goes down hard as their experience it already in the past bear and bull market and so they know what they need to do, simply accumulate at any point.

For selling it, yes, you could do it in drops or just it one sell, or not sell at all and really look or the next bull run and see how it goes. It's going to be a big mental test though, but if you can't take that then look to sell some of your stash and enjoy the profits.

Your investment plan is great. However, if I may suggest, do not just focus on bitcoin but also take some risk from established altcoins. Others are even risking a lot through investing in meme coins but I won't suggest doing that because the probability rate to profit is like 50/50. Just prepare a higher allocation funds for bitcoin and diversify it with some potential altcoins that until now still on top of the marketcap.

At this point it would interesting if you could share your targets: you mentioned selling only after we reach a new ATH, but does that mean that $80k for you would be acceptable since the previous ATH was $69k? Personally I wouldn't sell before reaching at least $110-120k, and that would mean selling at a price which is not even double the previous ATH, and to be honest if we don't reach at least those numbers for me it would be a big deception.

This is courage and maybe you already know that Bitcoin is indeed better than any altcoin now so you have made a wise decision by placing 80% of your funds in Bitcoin and the remaining small amount in altcoins. I hope you can be consistent enough with this decision because you are not wrong in making a decision, you just have to be able to have consistency in holding it for the long term. Because when profits come, it will definitely be more from Bitcoin, not from altcoins.

Definitely a smart move, not a lot of people could really understand it completely because they do not understand how it works but if you use stuff like ledger or trezor then you are going to be able to say that you are more secure and that matters. I understand that some people may feel a bit different in that regard and I get that, you do not have to feel the same way and it could reach to a different point, but as long as you could make it work, there is nothing wrong with that at all.

I personally try my best and try to use my ledger as much as I can, it allows me to make sure that I have all my long term holdings in there, I still have some at Binance to trade, but all my long term coins are in my ledger.

Well, there are always inevitable drops that are definitely hard to control and I think everyone has seen it coming. But if you were able to prepare for it, you will not be triggered if there are sudden crash or sideways in the market. For sure, that's just temporary and after a couple of days or weeks, bitcoin price will eventually surge high again. Although we can't be certain if bitcoin halving will still bring us profits, but it's better to prepare for it so that we will never miss another opportunity that might change our current social status in life.

History might still repeat itself and bring a lot of profits to those who deserve it. This is the reason why we need to take part in the preparation for the next halving and we can only do that through filling up our portfolio with potential coins like bitcoin. The more we get to store bitcoin in our portfolio, the higher our future profits will be. Through DCA, we can always achieve that goal. But we should never forget that investing using our spare money is important so that if the price will have to drop in the future, at least we can avoid from panic selling as we don't need our funds yet that badly. Investing for long term goal should always be encourage.

I think most of the advice here is about smooth accumulation and partial sales after BTC halving on the next cycle. But following these great tips isn't so easy when it comes time to actually do it. Some will experience stupor, numbness and other psychological barriers in their head. Of course, for those who have experience in halving cycles, it will be easier to do everything as you advise. But not everyone succeeds even in this. I have already seen several BTC halving cycles, but I have not been able to make money on any of them, I hope this time I will succeed because I worked on improving my psychological state.

Let's be more patient with what will be happening in the upcoming years. What is important is that we will continue accumulating bitcoin as long as we have an income. Just imagine that you are putting a penny in a piggy bank and let's just open it after a few years when needed or if it is already full.

We should also keep our expectations low as we don't know if it will again reach its ATH so we won't be expecting much and getting hurt later on. What is important is that we hold a bitcoin when it reaches its ATH and if not we still hold that bitcoin.

Bitcoin should not be terrified in investing bitcoin is not a stable currency, its price increases for its price rise. There are many investors that they are low in the price, so the price is terrified and sells and are damaged. That is why bitcoin has to invest in investing and wait for the market to increase the price. Long term investment will give good return. Some prefer to be in BTC and others like to diversify their holding through altcoin. Waiting for your own goals is much less likely to fail.

Yes, it is really better to just make a DCA rather than make a one-time investment. Because we cannot really predict the lowest price of bitcoin it is better to continue accumulating regularly. There are some investors that are buying bitcoin every time it drops big but then it is also 50/50 if it continues to go down or it will start moving upward again. I am doing a regular monthly DCA and I am not stopping until bitcoin surpasses $50k.

I also do not feel any panic this time. What a shame I was brought down by fear a few years ago even though I have seen it in the previous cycles. I guess it is a different learning when we experience it on our own.

Not only it can discourage us to sell because it's a bit hassle to transfer our coins or to make a transaction but it can also protect our wallets from malicious threats. I think only those who have tons of Bitcoin on them are doing this. This people have a spare fund outside that they can use on emergency situation so they will never sell their coins easily. For those who aren't like that, they can sell when they badly needed a money as they may lack money outside but they won't also regret it because they use the money on important things.

These people can't do a DCA but they will only buy once there is a money available. It's fine. At least they still try their best, than not investing at all. BTC halving is still far and as of now, there is no signs yet of a bull run. It's not a reason though to not get motivated.

My best advice, in this red market, always have some spare money, some people have already run out of money, they have DCA all they could and they can't anymore, I think this is the different between someone who makes stable income every month compare to someone who make money from unstable sources.

If the projects you are betting your money on are solid you will become a winner, since I've been around crypto for years I don't feel panic like I used to, because I now understand the market better now compared to years before.

Whatever you are planning to do, make sure that before the halving is gone you always have enough money for DCA purposes, your reward will be better than those who DCA twice and waiting on the bull market.

Make sure you don't run out of money.

Pretty decent plan and I am sure you will make great returns if you will be able to hold for the next ATH price.
I have the same plan and I am just waiting for the bull cylce to go nuts and create a new ATH price.
I don't think it will happen soon. It might take more the end of next year to reach previous high levels again.
May be we can see the next ATH price in 2025.

actually it is not few months away mate, because we are more than half year before halving so there are more than few months to wait.
but 2024 maybe and will not take 2025, because if this comes in April then we can expect the best result in December or in 4th quarter of 2024.
though I love your way of preparing , I think you can have it grow when the bull rund finally happen .

and with that, let us forget about the panic thing in crypto , because for
how many times from the beginning those who losses are the one who keeps using panic behavior .
and also everyone must learn how to use DCA in all chances.
lucky for me that I know how to keep holding and stay supporting while the market is falling  badly.

Basically, that's the problem. Because when the bitcoin market is bullish, it cannot be denied that there will always be people who experience losses. Because when the market is bullish, there we will all be competing and rushing to sell the bitcoin assets we own. Because if it is too late, the price of bitcoin will definitely decline again, because this is caused by many bitcoin investors selling their bitcoin assets.

Apart from that, when the bitcoin market is experiencing bullishness. At that time, the mentality of bitcoin investors will definitely be tested. Especially for bitcoin investors who no longer have bitcoin assets. It is certain that the hearts and minds of these people will be restless, because these people will be very tempted when they see the high increase in Bitcoin prices. Maybe some people who no longer have bitcoin assets will dare to buy bitcoin when market prices are bullish. And as a result, there are bound to be those who experience profits, and there are also those who experience losses. So in conclusion, don't waste time now. Because as long as the price of bitcoin is not too high, it's best to buy as much as possible.

Fortunately, I personally have prepared a plan to welcome the bitcoin halving or bull market. By buying bitcoin last year. So now I just need to wait for the bitcoin halving and bull run market to arrive. So you could say I've calmed down now and would probably add more bitcoin, if I had cold hard cash.

Many studies have shown that Bitcoin will experience a bull market just a few months after its halving in 2024. also, many experts have researched that by 2024/25, the value of Bitcoin will increase rapidly and the market will again make new history. Where the price of Bitcoin reached its all-time high we saw in 2021. So we can expect the Bitcoin price to cross $100k by 2025. That's why my current plan is to buy and hold Bitcoin with whatever money I have and wait for a bull market. I will successfully invest bitcoins and HODL them for a long period of time so that I can make good profit from them. I will invest now and hold until the next bull market, my goal is to make a lot of money and profit from Bitcoin.