My Preparations for BTC Halving and bull market - page 4.

bitLeap

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Quote from: virasog on September 07, 2023, 11:20:33 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.

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.

What about the latest news from FTX which has been given permission by the court to liquidate its assets totaling more than $3.4 billion and the sales process will be done in stages every week, namely selling assets of around $200 million. At the same time, this is also a threat or blessing for us smallholders if we really have cold funds to accumulate. Then this moment will increasingly make the bitcoin ETF initiated by Blackrock et al buy at cheap prices. So are you ready for this massive sale to maintain your confidence in Bitcoin's ATH?

Following are some of the assets that will be liquidated.

https://twitter.com/WhaleChart/status/1700490945471414690

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Quote from: Fivestar4everMVP on September 10, 2023, 08:51:39 AM

Quote from: virasog on September 07, 2023, 11:20:33 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.

Have you done any research to know what was the real driver of the 2020/2021 bull run?, well, if you haven't, I have, and I will like to let you know what institutional investors coming into crypto and investing heavily was the real driver of the last bull season we had ..

Now, speaking of the supposed coming bull run, we have only one thing we are sure about, and several things we are not sure about ..

Now, what are we sure about ?? - we are sure of when the next Bitcoin halving will occur, there is a date and time fixed for this event, so every one of us can indeed monitor and watch the event take place ..

Things we are not sure about is ..
1. If there will be another bull run .
2. When the next bull run will be if there is going to be another .
3. What the new all time high for Bitcoin will be .

I say this things because, it is high time we all begin to realize that bull run are not tied to Bitcoin halving, That is, it is not a mandate that there must always be a bull run or season any time Bitcoin halves, so in as much as it is not wrong to invest in Bitcoin, please do so with the right mindset, and also only invest what you can afford to lose....

A link doesnt automatically imply a causation. Geopolitical events, technological improvements, and market sentiment can affect market movement. Your prediction about bull runs' uncertain future is correct. Even though the Bitcoin halving event and timing are known, tying it to a bull run may be too straightforward. Bitcoin is a volatile market with no algorithm or formula that can predict the future. Thus, investors should only risk what they can afford. Can you explain how buyers should prepare for these unknowns?

Bitstar_coin

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I don't see why the tradition of bull run after btc halving will change, I know it will happen, lots of speculations from big names already in the open. Besides, if btc can dump more than 30% from previous ath I don't see why it should trade at this current price even after btc halving.

And yes, I also have my target point to sell, there is no doubt btc will surpass previous ath, and I don't want to play the diamond hand when I can easily flip my btc position with such given opportunity. Lots of price speculation but I want to be in that moment first then everything else will be a breeze Cool

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Quote from: virasog on September 07, 2023, 11:20:33 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.

Have you done any research to know what was the real driver of the 2020/2021 bull run?, well, if you haven't, I have, and I will like to let you know what institutional investors coming into crypto and investing heavily was the real driver of the last bull season we had ..

Now, speaking of the supposed coming bull run, we have only one thing we are sure about, and several things we are not sure about ..

Now, what are we sure about ?? - we are sure of when the next Bitcoin halving will occur, there is a date and time fixed for this event, so every one of us can indeed monitor and watch the event take place ..

Things we are not sure about is ..
1. If there will be another bull run .
2. When the next bull run will be if there is going to be another .
3. What the new all time high for Bitcoin will be .

I say this things because, it is high time we all begin to realize that bull run are not tied to Bitcoin halving, That is, it is not a mandate that there must always be a bull run or season any time Bitcoin halves, so in as much as it is not wrong to invest in Bitcoin, please do so with the right mindset, and also only invest what you can afford to lose....

Ziskinberg

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Quote from: Haunebu on September 09, 2023, 01:45:06 PM

Quote from: Sanitough on September 09, 2023, 07:25:22 AM

Bitcoin halving still cannot guarantee us that everything will end up rising. Who knows if history will never repeat itself, and it might end up the opposite way far from our expectation. Investing in bitcoin and preparing for a bitcoin halving is always good, but we should never forget to always invest with high caution. Invest at your own risk, so that if things fall out from the original plan, you will never see yourself in a worst situation.

It's possible that history won't repeat itself and a bloodbath could take place, but the chances of something like that happening are on the lower side based on my extensive research.

I advise investing in less popular coins/tokens that have a solid foundation since they could explode in value thanks to the halving event.

Although we could say that the market behavior had already changed and shown something different trend unlike before but I still believe that not all the time we see the market is in a bloodbath. We currently experienced a huge price fall over a month already but this won't say that we will experience like this until the end as I was sure that the market would recover. It is all about faith and we can't be hopeless either knowing that there is always sunshine after the rain.

Haunebu

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Quote from: Sanitough on September 09, 2023, 07:25:22 AM

Bitcoin halving still cannot guarantee us that everything will end up rising. Who knows if history will never repeat itself, and it might end up the opposite way far from our expectation. Investing in bitcoin and preparing for a bitcoin halving is always good, but we should never forget to always invest with high caution. Invest at your own risk, so that if things fall out from the original plan, you will never see yourself in a worst situation.

It's possible that history won't repeat itself and a bloodbath could take place, but the chances of something like that happening are on the lower side based on my extensive research.

I advise investing in less popular coins/tokens that have a solid foundation since they could explode in value thanks to the halving event.

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Quote from: Sanitough on September 09, 2023, 07:25:22 AM

Quote from: Haunebu on September 09, 2023, 03:24:02 AM

Quote from: lovesmayfamilis on September 09, 2023, 02:43:18 AM

So many expectations for the growth of Bitcoin after the halving reminds me of waiting for the coming of Santa, who will suddenly make everyone rich. Has anyone ever thought that suddenly something might not go according to plan? We have never been able to accurately predict Bitcoin's next move, so why are we confident that everything will be as it was before? I also hope for the best, but follow the saying, “hope for the best, but be prepared for the worst.”

Anything is possible in the extremely volatile world of cryptocurrencies as you mentioned, but investors are usually very optimistic about BTC halving events since they tend to trigger massive bull-runs and history has proven that.

Personally, I advise investing only what you are willing to lose at the end of the day.

Bitcoin halving still cannot guarantee us that everything will end up rising. Who knows if history will never repeat itself, and it might end up the opposite way far from our expectation. Investing in bitcoin and preparing for a bitcoin halving is always good, but we should never forget to always invest with high caution. Invest at your own risk, so that if things fall out from the original plan, you will never see yourself in a worst situation.

Optimism is good, but don't put all your faith, expectations and assets in bitcoin, that's the approach I took for myself. The future is unpredictable and sometimes will not turn out as we expect so I always prepare myself a backup plan. In case bitcoin does not increase in price and the market is no longer potential. I will immediately start looking for other avenues, other ways to make money because there are many other important things in life besides bitcoin.

My life has improved somewhat thanks to bitcoin, but before knowing about bitcoin I could still live and survive so there is no reason for me to be depressed because bitcoin is not increasing in price.

abel1337

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Quote from: kryptqnick on September 09, 2023, 09:41:14 AM

Quote from: virasog on September 07, 2023, 11:20:33 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.

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.

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.

People do often buy when the price is suddenly getting higher, and then don't have the patience to wait for several more years for their mistake to become something more positive. So your plan, op, is very responsible. I don't believe that halving is responsible for the bull market, but I do believe we're likely to see the bull market around Q4 2024, so prepping ahead makes sense to me.
I wonder what you mean by it becoming the best bull season, though. Is it by market cap that Bitcoin gains, or is it by the multiplier of the price? Because if it's the latter, I don't think we'll see anything beyond 2-3x rise above the previous ATH this time, with or without institutional investors. As the market capitalization is getting bigger, Bitcoin is clearly growing slower in price.

From my experience, the bull market shows it's signs months after the halving. Actually, I'm expecting it to come months after this halving because I believe that it is the pattern that the market is following. So my personal plan is to collect as many crypto as I can in our current season to be ready for the bull market in 2024/2025.

I believe that massive adaptation can boost bitcoin growth with the help of institutional investors and also for it to hit at least 5x from it's ATH in the next bull market. The higher that bitcoin hits it's all time high is the harder for it to gain multiple of its amount.

kryptqnick

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Quote from: virasog on September 07, 2023, 11:20:33 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.

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.

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.

People do often buy when the price is suddenly getting higher, and then don't have the patience to wait for several more years for their mistake to become something more positive. So your plan, op, is very responsible. I don't believe that halving is responsible for the bull market, but I do believe we're likely to see the bull market around Q4 2024, so prepping ahead makes sense to me.
I wonder what you mean by it becoming the best bull season, though. Is it by market cap that Bitcoin gains, or is it by the multiplier of the price? Because if it's the latter, I don't think we'll see anything beyond 2-3x rise above the previous ATH this time, with or without institutional investors. As the market capitalization is getting bigger, Bitcoin is clearly growing slower in price.

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Quote from: KingsDen on September 09, 2023, 07:16:48 AM

Bitcoin halving and bull run is not something that takes people unaware. It is something that is announced and something that trends for some years before it happens. But the irony of it is that there are people do not still enjoy the bull run despite being aware of it. This set of people believe that halving could fail to produce a bull run, they are uncertain, but when the bull run starts, they will join in the middle or towards the end.

Talking about announced in terms of the bullrun, I suppose you don’t mean it like we have in the halving which comes with more specification on when, the dates and even time. The bullrun is just a proven scenario that plays out with the bullrun but then, it’s off point have got zero specification to it, you only get to notice it as it goes with the continued up trend and price appreciation. A time you’re asked to buy, when it’s growing but, I agree with you that some would still miss out. Those who are always expecting the coin to dump some more and even when it does, they still hope it dumps a little more and forget that, it’s a bullrun taking shape and every little drop is responder with a leap in $1000 of sats.

Some would even buy at the peak but of course, it would serve them right with the many opportunities they are letting slide by just now.

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Quote from: Haunebu on September 09, 2023, 03:24:02 AM

Quote from: lovesmayfamilis on September 09, 2023, 02:43:18 AM

So many expectations for the growth of Bitcoin after the halving reminds me of waiting for the coming of Santa, who will suddenly make everyone rich. Has anyone ever thought that suddenly something might not go according to plan? We have never been able to accurately predict Bitcoin's next move, so why are we confident that everything will be as it was before? I also hope for the best, but follow the saying, “hope for the best, but be prepared for the worst.”

Anything is possible in the extremely volatile world of cryptocurrencies as you mentioned, but investors are usually very optimistic about BTC halving events since they tend to trigger massive bull-runs and history has proven that.

Personally, I advise investing only what you are willing to lose at the end of the day.

Bitcoin halving still cannot guarantee us that everything will end up rising. Who knows if history will never repeat itself, and it might end up the opposite way far from our expectation. Investing in bitcoin and preparing for a bitcoin halving is always good, but we should never forget to always invest with high caution. Invest at your own risk, so that if things fall out from the original plan, you will never see yourself in a worst situation.

KingsDen

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Bitcoin halving and bull run is not something that takes people unaware. It is something that is announced and something that trends for some years before it happens. But the irony of it is that there are people do not still enjoy the bull run despite being aware of it. This set of people believe that halving could fail to produce a bull run, they are uncertain, but when the bull run starts, they will join in the middle or towards the end.

Yet, there is another set of people who do not know what is halving and they don't care to know. They only troop into the crypto market at the apex of bull run when the wave will be very high in the social media. This set of people are the ones that are always the victim of bull run. They will not exit before the bear market will hit them hard. It is important for every member of this forum to prepare for the up coming bull run in order not to be taking unaware.

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Quote from: Rikafip on September 08, 2023, 02:23:26 AM

Quote from: pooya87 on September 08, 2023, 01:11:40 AM

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.

ETH is still above its 2018 ATH (~$1400 in 2018 vs ~$1600 now) so I don't know how you came to that. Unless you meant ETH/BTC.

Yes, you actually always talk about the BTC pair and never the USD pair in altcoin valuation. And here ETH actually had no ATH in the last bull run:

Source

By the way, this also applies to many other altcoins (i.e., of course, those that existed in 2018); they were also unable to reach the old ATHs in 2020/2021. This also includes Cardano which, for example, had clearly exceeded the USD ATH from 2018/2019 with over $3, but not in the BTC pair - although Cardano came significantly closer to the ATH than Ethereum.

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Quote from: serveria.com on September 08, 2023, 06:35:36 PM

Not surprising, frankly. Many people are selling just to survive, pay bills etc. Overinvested waiting for the next bullrun and now forced to sell due to cost of living, energy prices going up. Something like this happened during all previous Bitcoin cycles and doesn't surprise me anymore.

Today there is really nothing surprising. It seems to me that this will continue for several more months in a row. Well there are no major events on the horizon other than the acceptance of ETF contracts.
If there is no financial way out, then there is absolutely nothing left to do but sell some of the crypto coins. In my country there is definitely a situation in which prices in stores are rising much faster than wages are indexed. You have to survive somehow, and not live on this income.

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Quote from: bayu7adi on September 09, 2023, 05:19:17 AM

Quote from: Russlenat on September 09, 2023, 05:07:23 AM

Putting your coins in a cold storage is good idea. No matter what happens, do not be tempted to sell everything you have if you don't want to live with regrets in the future. You have started a great plan and I hope no matter how the market behaves, even if it move sideways and does take a long time before it recovers, just stick to your goal and continue DCA while opportunities are still knocking on your door. Bitcoin halving and bull run are fast approaching, soon you will come to reap everything what you have been investing.

Wouldn't it be wiser to set a target price to avoid getting caught up in the moment? When Bitcoin reaches a new all-time high (ATH), one should consider selling it at a specific price because previous cycles have shown that prices will drop to a certain level again. Rather than continuing to speculate and regret missing out on the bull run, it's better to place a sell order when the signs of a bull run are evident.

In previous halvings, the ATH was $69k, and with each new halving, the prices have become crazier and higher. If the next halving could make BTC reach $100k, selling it at $85k would be a safe choice, preventing greed. It's important to note that there's no guarantee that this scenario will actually occur, so make sure you don't regret it when BTC prices tend to stagnate even after a halving has taken place.

From a "I-don't-want-to-get-caught-in-the-crypto-race" point of view, your idea does make sense. It's like putting up a "goal post" in a football game to make sure you score, but even the best teams sometimes miss the mark. If we look back at Bitcoin's colorful, if sometimes bumpy, past, your plan might make sense. Remember when Bitcoin was just a few dollars and people sold it because they thought they had won the lottery? Oops... Also, past ATHs like $69k were important, but they were also just small parts of Bitcoin's great story. With each half, there is a new story and a new element of the unexpected. But I'm going to be critical: Putting in an order to sell at $85k? It sounds like leaving a party right when your favorite song starts to play. Just don't be the guy who says, "I could've been a crypto-millionaire!"

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Quote from: Russlenat on September 09, 2023, 05:07:23 AM

Putting your coins in a cold storage is good idea. No matter what happens, do not be tempted to sell everything you have if you don't want to live with regrets in the future. You have started a great plan and I hope no matter how the market behaves, even if it move sideways and does take a long time before it recovers, just stick to your goal and continue DCA while opportunities are still knocking on your door. Bitcoin halving and bull run are fast approaching, soon you will come to reap everything what you have been investing.

Wouldn't it be wiser to set a target price to avoid getting caught up in the moment? When Bitcoin reaches a new all-time high (ATH), one should consider selling it at a specific price because previous cycles have shown that prices will drop to a certain level again. Rather than continuing to speculate and regret missing out on the bull run, it's better to place a sell order when the signs of a bull run are evident.

In previous halvings, the ATH was $69k, and with each new halving, the prices have become crazier and higher. If the next halving could make BTC reach $100k, selling it at $85k would be a safe choice, preventing greed. It's important to note that there's no guarantee that this scenario will actually occur, so make sure you don't regret it when BTC prices tend to stagnate even after a halving has taken place.

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Putting your coins in a cold storage is good idea. No matter what happens, do not be tempted to sell everything you have if you don't want to live with regrets in the future. You have started a great plan and I hope no matter how the market behaves, even if it move sideways and does take a long time before it recovers, just stick to your goal and continue DCA while opportunities are still knocking on your door. Bitcoin halving and bull run are fast approaching, soon you will come to reap everything what you have been investing.

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[Nope]No hype delivers more than hope

I have been accumulating my bitcoins for more than a year now, not thinking at what price to sell them and how. The upcoming ATH is actually not my only hope of cashing out (let's assume it will happen) if my income continues to be as stable as it is now. I'd rather accumulate it, maybe for 1 more halving cycle. But I'm not sure especially if my wife contributed a reason to sell.

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Quote from: lovesmayfamilis on September 09, 2023, 02:43:18 AM

So many expectations for the growth of Bitcoin after the halving reminds me of waiting for the coming of Santa, who will suddenly make everyone rich. Has anyone ever thought that suddenly something might not go according to plan? We have never been able to accurately predict Bitcoin's next move, so why are we confident that everything will be as it was before? I also hope for the best, but follow the saying, “hope for the best, but be prepared for the worst.”

Anything is possible in the extremely volatile world of cryptocurrencies as you mentioned, but investors are usually very optimistic about BTC halving events since they tend to trigger massive bull-runs and history has proven that.

Personally, I advise investing only what you are willing to lose at the end of the day.

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So many expectations for the growth of Bitcoin after the halving reminds me of waiting for the coming of Santa, who will suddenly make everyone rich. Has anyone ever thought that suddenly something might not go according to plan? We have never been able to accurately predict Bitcoin's next move, so why are we confident that everything will be as it was before? I also hope for the best, but follow the saying, “hope for the best, but be prepared for the worst.”

Topic: My Preparations for BTC Halving and bull market - page 4. (Read 709 times)