Topic: My Preparations for BTC Halving and bull market - page 3. (Read 709 times)

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.


There is a high chance the halving will surely have effect. The market is driven by demand and supply and when the demand is higher or there is a drop in supply, the market will respond accordingly.What I'm saying is that the halving will create a reduction in supply (this time, block reward) and this will invariably cause a rise in price. Besides, Bitcoin is also influenced by news, so the news around the halving is enough energy to propel huge influx of capital which will correspond to a rise in price. Therefore, there is a huge tendency we might be seeing a surge in price following the halving event.

It will be very interesting to see what happens if there is no growth after the halving. But unexpected things always happen in the market, so it will definitely happen sooner or later. There is even a short joke among traders on this topic:
- Do you know what is written on the traders’ grave?
- What?
- I see this for the first time.

This is of course dark humor, but there is some truth in it. Of course, I wanted the cycles to repeat like the previous halvings, but we will only find out with time. There will also be those who will bet a fortune on repeating the cycle, and they will lose everything if this does not happen.

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.

The biggest misconception about the bitcoin halving is that it's automatically going to ensue a bull run. The rewards being cut down in half as well as the discoverable supply is good and all that but taking 2020 for example, it's not necessarily enough to put bitcoin at a much better spot.

There are a lot of things at play that would cause bitcoin to increase in value besides the halving, if you'll ask me it's the least of the things that could really affect the people's disposition towards bitcoin. Let's hope a chain reaction happens or something, much like what happened during the best halving as of yet to put us in a more secure situation, otherwise I guess let's just work with what we have lol.

Also agreed as we all know the fact that everything possess some sort of risk may be its little of more. Bitcoin is risky investment but not as much as that of altcoins and everyone knows that after reduction there will be promoting worth of bitcoin therefore it is not consider as much risky.

Without the income which government provides for your job everything is full of risk because in government job you will have constant and confirmed payment whereas in the field where you invest will show you reducing value to discourage you.

Like that of bitcoin and gold which are lower in value presently and one who choose these two assets will be agonies about how to recover their cash back.

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.

You have a very good plan, and I think it is a good idea to invest 70% of your portfolio in bitcoin because that is where we all know we are and the one we think is the safest one. However, I think investing in other altcoins, as you said, is not a good idea for me because all these coins follow the bitcoin price. If the bitcoin dumps more, they will also do the same, and if it pumps seriously, that’s where we have problems. Sometimes some of these coins did not go high, and from there, I believe you will start thinking about why you chose those coins the first time because even some coins you thought would go high during the halving may decline in the market, so I think investing in only bitcoin will be the wisest idea.



If you still have the money right now, we still have the opportunity to buy more bitcoin, or did you think it would dump more? Nah, mate, I don’t think so, so you can see that all this while bitcoin has been dumping is still $25k, but let's see, the market is unpredictable; anything can happen; let’s just hope for the better.

However, I have never experienced the bull run before, but as it’s now serious, I’m well prepared, as I’ve bought some bitcoins and am still buying them once in a while, and I don’t think I will stop investing till I see the market go above $30k. That is when I think I will stop buying bitcoin as my plan, even though I know and I can see other people have been saying they think the price may be more than $100k or even more than that when the bull comes, which I believe will happen.

Investing into bitcoin is risk free, and gives the best profit. How can this be achieved is a an unknown myth. Based on my understanding whether the market is predicted to be bullish or bearish we should have the positive thinking. When we stay positive our act should be the same. For this it is always good to keep ourselves prepared to face the worst market situation. When we've kept our portfolio ready to face any form of fluctuations we can stay successful in the market.

Every halving used to bring bullish move in the market. Considering it, accumulating as much possible is good. However we should also be cautious while doing it. While spending the spare money no need to panic, if we're spending the money allocated for something else we need to be observing the market closely to book the profit and take the profit leaving the capital.

to be honest, individuals who can store their bitcoin long-term without much problem of waiting are the ones who are financially stable. it means, they are not depending on this investment for potential emergencies, because they have other means. well, lucky for them because not so many bitcoin holders can have such capability.
but if you have funds and you strongly believe on this market, why not? in time, you will reap your rewards if all goes well with your predictions.

That's good plan. Anyone who have preparations such as this are sure ready for upcoming halving. I never think anything like that aside from holding BTC on my wallet, my HW is not working anymore so i just keep it the way i do it currently.

Being prepared to face the unknown is being prepared to withstand any risk if it comes in the future, because as you said it is also logical enough for investors to understand, where they only have to take risks based on the abilities they have. It doesn't make it forced, because this is about market conditions whose certainty is still unknown even though there are many people who already know what events can affect the market and you have also mentioned some of these things.

However, things that have been predicted can still change because as we know, price and market predictions are initial guesses from research by experts and also each person based on what they have experienced before, although there is no complete guarantee that this will happen. -Things that have happened can be repeated more easily in the market because we are always in different years with different events, even though the names for each event may not be much different.

However, I believe that buying Bitcoin during a bullish market will only entail waiting for uncertainty. It is of utmost importance for a trader to employ a Dollar Cost Averaging (DCA) strategy when entering at elevated price points. With the assistance of DCA, your BTC purchase price gradually decreases, allowing you to sell at a slightly lower price than your initial purchase while still turning a profit.

As long as you sell above the average price established through your DCA mechanism, it seems that the opportune moment to sell for a profit arrives more swiftly.

Did actually made the same move or thing on which i did bought my hardware wallet and transfer all of my coins there so that i wont really be able to touch it up in case if there would some pumps like x2 or even x3

because im quite that impulsive when it comes if in talks about short term pumps which i do immediately having that kind of impression on which selling out and secure profits.Its true that there might be some
more possible dumps that could happen along the way considering that we are still approaching halving event and the price isnt that moving that much and having some small increments of decreasing price
which it might be getting even more worst or lower on the time comes or even with this year or early months of 2024 which we know that it is really that near on halving period.

We to those people who do have experience and have been on this market for a while now does really know on how this market behaves in terms of pattern or whatever correlated aspect.
Instead on freaking out yourself on the time that it dumps, it would be wise on seeing this as an opportunity for you to get in instead.

I agree, those who are still don't have time to buy bitcoin can still buy bitcoin like me,even for a small portion little by little every time I got my salary I am buying bitcoin since I can't buy a whole of it. I wonder how much or how high it could go up next year. I am planning to buy altcoins as well so that I can leave it my wallet and come back again next year. I am hoping for a best bull run next year.

I think everyone is preparing for the bull and that is why the accumulation of bitcoin is high this days. Anyone who is buying bitcoin at the bull market is a long term investor and he is planning to keep for next bull market again. Bitcoin now is bull upon bull when one bull end another bull begins in the next four years. The halving that is will be great and people are keeping it on their watchlist to experience it. To partake in the long waiting bull market, you have to put it into action from now, that is you have to start buying from now that the market is still at the low level.

I’m pretty sure the upcoming halving is going to be more intense. This is in terms of having strong bull run since we have more adoption of bitcoin as compared to what we had in the previous halving cycle. Not just that we also had very less active investors and miners 4 years ago. The spiked numbers are surely going to have positive effects on how things work in the upcoming halving process. The mining machines have developed lot better so mining isn’t going to stop at all if someone says that next halving going to make the rewards go even shorter and mining more “un-profitable”. But as stated we have more powerful ASICS, more investors, more money flooding in the zone so this going in the correct direction for sure.

Looks interested with OP preparation for BTC halving will happen in few months later keep accumulate and dominance investing in Bitcoin more than 70%, I have started last five months later and keep left my capital for preparation when Bitcoin suddenly dump and hold it until close with halving for bitcoin chance can raise to $50k. Based on current halving time in last several edition, always promising with Bitcoin will pump drastically and I am so excited with accumulate Bitcoin as many possible in every moment when bitcoin dump. But not all investor braves for investing in Bitcoin actually with moment Bitcoin have down drastically and panic moment for cut loss and sell Bitcoin in lower price. Have chance with bad habit actually with panic moment when investing in bitcoin, no doubt although Bitcoin dropped drastically always has chance for recovering and Bitcoin back to higher price.

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.

People who act in a planned manner usually achieve their goals. People who buy coins after the bull season comes also make a profit. Not everyone's economic conditions are the same, so not everyone can afford to buy coins now and wait. So I can't blame them. We can enter the crypto market early or late. We can make a profit in both options. Those who invest early and save coins, of course, make more profit. If they can manage to wait. However, some people can buy crypto with large amounts of money and earn more profit after the bull season starts. So this may differ from person to person. The crypto market can generate income for every investor.

Another situation is this. People who invest in the long term and say they will not sell Bitcoin before it reaches a certain level are generally more comfortable in the crypto market. Because they generally do not use the money they invest because they have the capital to use when they need it urgently and they can wait for their investments to appreciate. This is a big advantage.

Putting down a prepared plan on how you'll be accumulating your portfolio  that you can make big profit in the next bitcoin ATH is also tied to your source of income, how steady it is and how much is left on you when you take away a spare amount for your investment plan. Your plan is good but it may not work for those with low income, except they wanna starve while stacking.

And I think a good portfolio plan towards the ATH is one invested only in bitcoin, those altcoins ain't dependable and the risk is that they may not pump along with bitcoin when the ATH eventually take place. I don't really see investment in altcoins as reliable one counting the risk involved with alts.

Am going to agree with you that in the aspect of not selling in a hurry when the bull arrives and also buying in within such period too is not duly profitable compared to buying now in the dip.