My Preparations for BTC Halving and bull market - page 2.

kotajikikox

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actually you are not preparing for Bull market instead what you did is doing a HODL
that's why you are prepared if ever there is a need for emergency expenses like
having spare funds to use for.
and also since you also have altcoins then you knew that diversification is the best way to perform for this kind of market.
but it is much better if you put those coins here in your post since you already have bitcoin mentioned , there will be no conflict for altcoin mentioning.

Quote from: Bazzu on September 12, 2023, 10:29:15 PM

Quote from: bhadz on September 12, 2023, 02:26:39 PM

That's the plan, we're going to sell whenever when we need it or when it was higher the all time high. And just keep thriving to follow DCA whenever you're able to. There's no need to panic if we're seeing the market crashing as that's very normal to see before something big happens.
The problem with some of the holders is that they are quick in panicking even if they have set a plan. So, that's the other plan and that's to be steadfast and hold on to what they have planned for like holding for long and never to panic.

I think it's a good idea to sell when the BTC price is high, and in my opinion you can also sell BTC using the DCA system, because in my experience the DCA system is really needed when selling BTC. but of course in this case everyone has their own way of selling BTC.

Yes, with panic, sometimes we always fail to achieve our goals.

if you are into some kind of market like crypto , never that you must use PANICKING because with that attitude , surely you will lose.
wrong decisioning will follow from that.

laurenB7742

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Quote from: bittraffic on September 12, 2023, 11:23:24 AM

There is still a chance of BTC dropping and most probably the whales are also waiting for it. The last attempt for the bears who are betting on the futures market that keeps dragging the price down.

Halving is coming that's right. It is however not trying to climb as expected and the price might likely go up after a few months of halving. It's too different from what it was in the previous bull market and the indicators are still pointing down.

Even if the halving takes place, the market will likely decline, don't be too subjective that the halving is approaching and the market will never decrease further.

People are quite naive to think that as the halving approaches, bitcoin will not decrease further due to increased demand. And we are forgetting one thing, in addition to demand, the market is being manipulated by other forces and they always make things go against what the crowd thinks. I still predict that the market still has many corrections and will not recover immediately even when the halving occurs.

bitzizzix

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Quote from: bhadz on September 12, 2023, 02:26:39 PM

That's the plan, we're going to sell whenever when we need it or when it was higher the all time high. And just keep thriving to follow DCA whenever you're able to. There's no need to panic if we're seeing the market crashing as that's very normal to see before something big happens.
The problem with some of the holders is that they are quick in panicking even if they have set a plan. So, that's the other plan and that's to be steadfast and hold on to what they have planned for like holding for long and never to panic.

Of course everyone or investors will sell when the price reaches its highest point and make big profits, and as long as you do a good plan like DCA and also buy when the price goes down and sell when the price goes up. Both are the best choices for investing in Bitcoin, because Bitcoin is a promising long-term investment.
And waiting for the next halving is what everyone and investors are waiting for and they are competing to collect more Bitcoin, and my suggestion is that now is still the right time to make purchases and also the right time to increase purchases in the DCA strategy. And you can normalize your purchases when the price of Bitcoin starts to rise, and never panic or be afraid even though the decline continues because in the long term Bitcoin will rise again.

Bazzu

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Quote from: bhadz on September 12, 2023, 02:26:39 PM

That's the plan, we're going to sell whenever when we need it or when it was higher the all time high. And just keep thriving to follow DCA whenever you're able to. There's no need to panic if we're seeing the market crashing as that's very normal to see before something big happens.
The problem with some of the holders is that they are quick in panicking even if they have set a plan. So, that's the other plan and that's to be steadfast and hold on to what they have planned for like holding for long and never to panic.

I think it's a good idea to sell when the BTC price is high, and in my opinion you can also sell BTC using the DCA system, because in my experience the DCA system is really needed when selling BTC. but of course in this case everyone has their own way of selling BTC.

Yes, with panic, sometimes we always fail to achieve our goals.

bhadz

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That's the plan, we're going to sell whenever when we need it or when it was higher the all time high. And just keep thriving to follow DCA whenever you're able to. There's no need to panic if we're seeing the market crashing as that's very normal to see before something big happens.
The problem with some of the holders is that they are quick in panicking even if they have set a plan. So, that's the other plan and that's to be steadfast and hold on to what they have planned for like holding for long and never to panic.

Zigabel

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Duelbits.com

Quote from: virasog on September 07, 2023, 10:20:33 PM

So in order to have maximum benefits in the bull market, you should have a plan and start executing it unless it is too late.

Talking about plans as it regards preparation for the bull market, one aught to be sure that your plans is also backed up with a sound strategy that is proven to be profitable enough to be added to your plans in preparations for the bull market. This strategy could include the incorporation of indicators, bots and other trading tools so as to get desired results from the strategy of choice to be used.

Furthermore you can go ahead to backtest your strategy on a the charts using any timeframe you find comfortable but I advise you use longer time frames to have clearer insight into how Bitcoin has played out over the time, I will quickly give a sneak peek into my strategy, I will first buy some unit of Bitcoin now then wait until the halving so as to get an idea what the next ATH will be then I will further add up some more units (not a financial advise ) then I hope to take my profit at the new ATH just before the dawn of a bear market again.

GbitG

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Quote from: romero121 on September 10, 2023, 06:39:03 PM

Investing into bitcoin is risk free, and gives the best profit.

Nothing is risk-free, especially when it comes to taking risks. In the crypto space, to stay profitable long-term, you need to understand risk management. In risk management, you have to know about many things to keep on your monitor, such as proper identification, analysis, and evaluation of the place where you have to go for investment. I mean, you have to keep an eye on the exchange where you made the investment. Sometimes there are no such regulatory protections as the registered security rule, which may increase your risk from a safety perspective.
So similarly, when you have to go for investment in Bitcoin, you definitely should monitor all the issues that are in your way from a technical analysis, fundamental analysis, and security perspective.

aoluain

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Quote from: bittraffic on September 12, 2023, 11:23:24 AM

There is still a chance of BTC dropping and most probably the whales are also waiting for it. The last attempt for the bears who are betting on the futures market that keeps dragging the price down.

Halving is coming that's right. It is however not trying to climb as expected and the price might likely go up after a few months of halving. It's too different from what it was in the previous bull market and the indicators are still pointing down.

Of course there is a chance of a drop - before or after the halving and actually the markets
usually take a drop after the halving but what follows is usually Bull Bull Bull!

In terms of "My Preparations..." I have been accumulating along with smaller amounts
of selling for different projects or collectibles. Anyone into Bitcoin for at least a reasonable
amount of time will be preparing for this event and a lot will be ready to take profits too.

bittraffic

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There is still a chance of BTC dropping and most probably the whales are also waiting for it. The last attempt for the bears who are betting on the futures market that keeps dragging the price down.

Halving is coming that's right. It is however not trying to climb as expected and the price might likely go up after a few months of halving. It's too different from what it was in the previous bull market and the indicators are still pointing down.

bitLeap

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Quote from: sompitonov on September 10, 2023, 01:52:06 PM

If you look at the capitalization of the entire crypto market (currently more than $1 trillion), it seems to me that this won't be a big problem for prices. Moreover, there will always be those who will buy at cheaper prices, this will happen sooner or later. Perhaps even in 2024, after the Bitcoin halving, which will be the reason for the start of a bullish rally. This seems to me the most likely scenario at the moment.

I wouldn't want larger Bitcoin holders such as MicroStrategy, who control 152,800 BTC (which is equal to 0.7% of the total BTC supply) to sell. If several of these large campaigns sell out in a short period of time, it will be a nightmare.

Indeed, there will be an impact on market prices, but this will not last long because as we know, ahead of the Halving, people will take advantage of cheap purchases this year. So if this scenario is implemented and FTX sells every week, of course investors who are waiting for momentum will not waste this opportunity. I quite agree with you, large institutions with Bitcoin holdings will control the price but there is nothing we can do but follow their lead while being part of a small percentage of Bitcoin investors.

ancafe

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Quote from: virasog on September 07, 2023, 10:20:33 PM

I have already accumulated bitcoin in my portfolio (70% of my portfolio is in bitcoin) which i will not sell until we are above the all time high again. Similarly, i have bought some major cap coins and a few others low cap too which i think will perform well in the bull season. I have been doing this for the last 3 to 4 months, buying some at every dump.

If the market dumps further, I will not panic and if I have more spare money, I may accumulate more bitcoin. I am confident that this bull season will be the best so far as it will be initiated by institutional investors.

This is a very good idea and holding bitcoin at 70% of the portfolio is very enjoyable and if it can continue to be improved to be more optimal then it will be even better because bitcoin is one of the best investments available. One thing that makes me sure is that you have strong self-confidence as a long-term holder, where you know very well the journey process and highest achievement (ATH). You didn't mention any buying strategy clearly, I assume you use the method of buying when bitcoin goes down and might also need to consider DCA as another method for you. 3 or 4 months into the market if you don't use large capital for purchases then the portfolio you have is not very large now, unless you are trying to buy large amounts from this fairly close period.

Long-term holders don't need to panic even though the market is badly corrected because the idea as long-term holders is just hoping to make a profit at ATH. So stay calm and wait for the cycle to run itself, then we will get the maximum profit as desired, but if you don't have a lot of spare money, maybe you should try the DCA pattern which will be much more optimal.

summonerrk

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Quote from: virasog on September 07, 2023, 10:20:33 PM

~~~

A few weeks ago, we were waiting for the halving of litecoin. Everyone was talking about growth, and that now the price of litecoin will be about $ 300 based on the experience of previous halvings. Three times I have even seen opinions that the price will be about 1000. Before halving, I placed the deferred orders and bought litecoins at a cheap price. As a result, nothing happened on the day of halving. Because everyone was waiting for growth. But in previous cycles, the public was not so sure about the price growth on the day of halving.

Therefore, now, when they talk about halving bitcoin, I am almost sure that practically nothing will happen on this day. After all, it would be too easy for everything to be so predictable in the cryptocurrency market.

bayu7adi

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The crux of the matter is that there's no certainty that a bull run will occur after each halving event, even though historically, a bull run has followed the four-year cycle of halving. However, we cannot guarantee that this cycle will repeat itself in the next halving.

What's on my mind right now is how market manipulators and whales might respond to the increasing number of people preparing for the post-halving bull run. Doesn't a growing anticipation among the masses diminish the element of surprise? After all, Bitcoin's surprises are more fitting when they come unexpectedly.

Quote from: xSkylarx on September 11, 2023, 09:07:30 PM

There is no guarantee in our investment but if you don't take a risk and just be scared there will also no guarantee with us to gain profit, so just choose yours if what you want.

Taking a calculated risk by not going all in, in my opinion, is sufficient for betting on our respective speculations.

YUriy1991

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Quote from: virasog on September 07, 2023, 10:20:33 PM

If the market dumps further, I will not panic and if I have more spare money, I may accumulate more bitcoin. I am confident that this bull season will be the best so far as it will be initiated by institutional investors.

There is huge upside potential, so some see the upside potential as outweighing the risk. But for some traders, the desire for more profits justifies the use of leverage.

Quote from: virasog on September 07, 2023, 10:20:33 PM

Also, to keep my bitcoin secure and to remain calm in times of dump, I have moved my bitcoins in cold storage so I never get tempted to sell on small profits like i won't be selling on 2x profit if bitcoin reaches 50,000$. My targets are clear and will sell in parts after bitcoin reaches new highs.

Investing in BTC can be a truly profitable venture for us but only if we do it right and you have built better patterns and security.

Bazzu

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Quote from: Silberman on September 09, 2023, 12:59:45 AM

Quote from: Bazzu on September 08, 2023, 11:55:26 PM

there are bull markets and there are bear markets, and I like both because bull markets always provide profits, while bear markets always provide profit opportunities, because we can buy in bear markets and sell in bull markets.

if you have collected a lot of btc I want to congratulate you and wish you good luck on your investment in crypto.

and I also happen to have collected btc and altcoins in my wallet
and even now I still continue to buy btc and altcoins using the DCA system.

You are thinking like an investor and that is a great thing, I often see people complaining about the bear market and how their holdings are worth less than before, and I often think that such people if they do not change the way they think they will not make it far, an investor takes advantage of every opportunity they can find, bear markets are great as they allow you to buy the assets you like for a very low price, so when the bull market finally comes you can decide to sell whenever you want and make great profits anyway.

I think there will always be complaints if we buy and after buying the price continues to drop down even though we use the dca system because we won't know to what extent the price will drop, but there are times when the heart becomes doubtful if capital starts to run low even though we bought with the dca system at the time there is a price reduction.

So I think in crypto investment there are always obstacles and hurdles that must be overcome even if a great investor.

OcTradism

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Quote from: BALIK on September 11, 2023, 09:27:01 PM

I don't care about LTC because it's not worth the investment, but I disagree when pooya87 talks about ETH. I remember that ETH's ATH in 2017 was over 1k$ and ETH's ATH during the 2021 bull season was almost 5k$. Why do you say it can't return to the 2017 high? I agree, most altcoins are gambling not investments but ETH is not like that.

Ethereum is still a risky altcoin even it has many years in the market, went through some bear markets and had some great bull runs.

A biggest risk of Ethereum is its centralization that puts the ETH blockchain under super big risk of being seriously regulated by governments. With its centralized network, transactions can be rolled back like after the DAO hack or censored by their big centralized validators.

If you want something really decentralized, it's only Bitcoin and if one more, it's Monero but not Ethereum.

BALIK

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Quote from: Odohu on September 11, 2023, 05:47:14 PM

Quote from: pooya87 on September 08, 2023, 12:11:40 AM

The only part I don't agree with is buying altcoins and calling it a "portfolio". We all know that all these altcoins depend on bitcoin price and majority of them have absolutely no future even the bigger ones are going to get dumped in the long run. For example the biggest shitcoin called ethereum has not been capable of pumping back to its 2017 highs and has lost about half of its value over the past 6 years. That's contrary to bitcoin that is still above its previous ATH.

Besides there is a high chance that alcoins you are bagholding could get dumped when bitcoin starts rising. It happens to a lot of them since the "investors" sell their coins to go back to bitcoin market and have more liquidity trading bitcoin/fiat pairs. That always dumps altcoins.

I agree with you completely; a lot of people have not really come to terms that Bitcoin is the real deal. Maybe they are swayed by the promised huge profits that always end up being a mirage. To further add to what you said, just this year there was halving in Litecoin (LTC) and there was practically no effect on the market.

I don't care about LTC because it's not worth the investment, but I disagree when pooya87 talks about ETH. I remember that ETH's ATH in 2017 was over 1k$ and ETH's ATH during the 2021 bull season was almost 5k$. Why do you say it can't return to the 2017 high? I agree, most altcoins are gambling not investments but ETH is not like that. You guys are bitcoin maximalists but you shouldn't deny the ongoing truth that ETH has as much potential as BTC. I even bet you two that the profit that ETH brings in the next bull season will be more significant than BTC brings if we calculate from the bottom price of this year's bear season.

People do not accept bitcoin as real, but you two also do not accept that ETH is a coin that is doing very well in the market, we need to be realistic.

xSkylarx

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Quote from: Distinctin on September 11, 2023, 01:00:44 PM

Quote from: DanWalker on September 11, 2023, 12:29:46 AM

Quote from: romero121 on September 10, 2023, 06:39:03 PM

Investing into bitcoin is risk free, and gives the best profit.

I do not agree with your statement, there is no investment or asset without risk, including real estate. An asset that everyone considers the safest also has certain risks. Don't forget, the higher the profit, the higher the risk. Furthermore, we also know that the future is unpredictable and that is why investing in bitcoin should only be with an amount you can afford to lose.

Bitcoin has the potential to increase in price significantly after each halving, and that has happened historically, but is there any guarantee that that will continue to happen? No, it's all just our predictions and expectations. Therefore, in addition to preparing for the bull season, we should also have a backup plan if the bull season does not come.

We always believed that history will repeat itself that’s why we have this mindset that once bitcoin halving will takes place, all the crypto coins will experience a price high surge. When in reality, there’s no guarantees that the same effect for halving will happen. It could still be the same in the previous halving, or it could start a new outcome that is unexpected. So all we have to do is to prepare for it, not only for the best but also for its worst as we hold no certainties that bitcoin halving will still bring a lot of profits.

As long as the money you put into it is what you can afford to lose then it is good to take the risk. There have really always been surges in the past halving on Bitcoin that almost all of the crypto goes green and reach their own ATH so because we already predict it even not 100% it is best if we can risk it and try to ride it because if not we will lose the opportunity.

There is no guarantee in our investment but if you don't take a risk and just be scared there will also no guarantee with us to gain profit, so just choose yours if what you want.

dunfida

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Quote from: Distinctin on September 11, 2023, 01:00:44 PM

Quote from: DanWalker on September 11, 2023, 12:29:46 AM

Quote from: romero121 on September 10, 2023, 06:39:03 PM

Investing into bitcoin is risk free, and gives the best profit.

I do not agree with your statement, there is no investment or asset without risk, including real estate. An asset that everyone considers the safest also has certain risks. Don't forget, the higher the profit, the higher the risk. Furthermore, we also know that the future is unpredictable and that is why investing in bitcoin should only be with an amount you can afford to lose.

Bitcoin has the potential to increase in price significantly after each halving, and that has happened historically, but is there any guarantee that that will continue to happen? No, it's all just our predictions and expectations. Therefore, in addition to preparing for the bull season, we should also have a backup plan if the bull season does not come.

We always believed that history will repeat itself that’s why we have this mindset that once bitcoin halving will takes place, all the crypto coins will experience a price high surge. When in reality, there’s no guarantees that the same effect for halving will happen. It could still be the same in the previous halving, or it could start a new outcome that is unexpected. So all we have to do is to prepare for it, not only for the best but also for its worst as we hold no certainties that bitcoin halving will still bring a lot of profits.

This is what we do have in mind is on which we do really believe that there's a cycle on this market on which if theres bear market then there's definitely a bull one. It did really just turn out that people would really be starting on having doubts on the time that they would really be experiencing long time recovery or havent been seeing some significant movement in the space on which it would really be resulting that kind of emotion which it isnt really that new anymore. Now that we are fast approaching on halving event of Bitcoin then this is where bullish sentiments would be coming out.

Preparations? Then it would really be just wise that you should really be buying now since the price isnt really that high yet and this is the most sensible thing to be done. People would really be starting on FOMO
on the time that the price is starting to climb up but they should have done this thing earlier. Its always been like this where regrets do always come at the end and having that kind of regret
but actually we are on the situation on which this is the ideal spot for you to get in.

Ojima-ojo

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Quote from: virasog on September 07, 2023, 10:20:33 PM

As you know bitcoin halving is a few months away (first quarter 2024) and then we may have bull season in 2024/2025. We are all excited about the bull season but no one prepares for it. People start buying Bitcoin and cryptocurrencies when the bull market is in progress and the prices are already high. Some even have the fear of missing out and buy at the top of the bull market. The result is that most people lose money in bull season too.

This rush buy order during bull market is one of the evedent feature of weak hands, who does not have the mental capacity to analyze the Bitcoin market on a long term base because buying Bitcoin when the price is already on uptrend to a certain degree were it could be call a possible bull market places you at risk of possible lost.

And if care is not taken, it will take the investor a very long time before he could recover his invested capital before he starts talking about gains, so is very important to have that in mind before their decide to buy at the top, but anyone that is wise and take bitcoin as a long term investment, will accumulate Bitcoin over time, and always take advantage of discount market to make each purchase.

Quote

I have already accumulated bitcoin in my portfolio (70% of my portfolio is in bitcoin) which i will not sell until we are above the all time high again. Similarly, i have bought some major cap coins and a few others low cap too which i think will perform well in the bull season. I have been doing this for the last 3 to 4 months, buying some at every dump.

If the market dumps further, I will not panic and if I have more spare money, I may accumulate more bitcoin. I am confident that this bull season will be the best so far as it will be initiated by institutional investors.

Also, to keep my bitcoin secure and to remain calm in times of dump, I have moved my bitcoins in cold storage so I never get tempted to sell on small profits like i won't be selling on 2x profit if bitcoin reaches 50,000$. My targets are clear and will sell in parts after bitcoin reaches new highs.

I started my bitcoin accumulation journey over a year ago, and up until this point, I have never considering diversifying my portfolio and with my current bitcoin balance, I am ready for the next bull market to take maximum profits at the top.

This is the best advantage of the DCA approach, it allows you to buy Bitcoin with the smallest amount and accumulate on a long-term basis.

Topic: My Preparations for BTC Halving and bull market - page 2. (Read 709 times)