All those who wants to make preparations for bitcoin have a favorable time to invest now. Halving duration is unknown that when it will accrue and when it will ends because exact date in not known by anyone so purchase bitcoin now as the price is lower to be afford.
100k$ will be the price to sell bitcoin as if you wait more and the price does not reach much higher as you aspect then all your efforts and wait will remain hope.
Hope for more increase is sometimes possible to move your investment in opposite direction as once the market goes down after halving then there will be more time needed to again reach the extent of 100k$ or more.
Topic: My Preparations for BTC Halving and bull market - page 5. (Read 709 times)
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. 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.
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.
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.
✂️✂️✂️
Keeping a short percentage in the altcoin group is not a bad thing either. They help balance the long term bitcoin with a short term altcoin to sell in the next bull run.
Keeping a short percentage in the altcoin group is not a bad thing either. They help balance the long term bitcoin with a short term altcoin to sell in the next bull run.
I also don't feel too bad that we have some altcoins in our portfolio because we all know that there will be some altcoins with impressive growth, so it would be a waste to get rid of altcoins during the bull season. But I don't understand why so many people still have a grudge against altcoins, even though I know that it is riskier than bitcoin, but high risk means high profit, all proportional to each other. Bitcoin cannot be more profitable than altcoins these days.
Everything has risk including bitcoin and the higher the risk the higher the return. I know many members here don't like when it comes to altcoins, for them bitcoin is like god and there is only one god. But we are here to make profit, not to argue with anyone to prove ourselves right and others wrong. Because that too cannot give us optimal returns, we need to be more open with our investments.
Bitcoin has also been criticized and despised by traditional investors like Warren Buffett or Bill Gates, but we still invest in Bitcoin. Finally, many people are smiling at bitcoin and they don't need to argue with Warren Buffett or Bill Gates, the results speak for themselves. Why don't we do that with altcoins? Criticizing altcoins shows we are just as bad and intolerant as those traditional investors. Altcoins are risky, so invest short term in them, who forces us to hold them long term like bitcoin?
Good one. I am also accumulating Bitcoin, but slowly. I just have a feeling that there will be a drop in the price post-halving. I think that usually happens before the price takes off to the moon. If it does go down, I might buy heavily, and then start waiting for the main bull run to kick off.
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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.
Everybody doesn't have the same approach or strategy for investing in Bitcoin, and not everyone will buy Bitcoin for the first time during the bull season when the price is already rising. I know that so many people are already buying Bitcoin on a DCA strategy and are also preparing for the bull market, just like you. Only an non experience or newbie Bitcoin investor would buy Bitcoin during the bull market because of FOMO which is the major drive of some investors. About two months ago, some members here created a similar topic with their accumulation plans in preparation for the bull market.
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.
It's always good to have a plan. Plans may not always work out but without a plan, it means you're planning to fail.
It will be more beneficial if everyone has plans that work for them. This will make it possible for us not only to use spare money to invest, but we'll have money that we've set aside for investing.
When we plan we might get to a stage where you're buying Bitcoin out of luxury because you have the money to. If we just wait to use only spare money we might never get to where we want because it's not every day we get spare money. There's always a use for money.
It's pretty common for people to jump in late, it's going to be a constant occurrence since after all, there's no end to newcomers as well as people who are not that well-informed about bitcoin. For one thing, at the very least I see this as the industry expanding even more since the influx of newcomers are a great sign that the industry is thriving, on the other hand it's a little too exhausting to tell these people how to invest lol.
At the end of the day we just have to make sure that we're not missing out, that's why investing ahead of the curve is a thing, DCA'ing, HODLing, all that stuff in the mixing pot. If you're doing that, you're already doing better than a large portion of the people in this industry. Take pride in that.
At the end of the day we just have to make sure that we're not missing out, that's why investing ahead of the curve is a thing, DCA'ing, HODLing, all that stuff in the mixing pot. If you're doing that, you're already doing better than a large portion of the people in this industry. Take pride in that.
Now it is quite strange to see many people selling their assets cheaply in a bear market like the current one.
Even though as you said, we must prepare everything before the bull market comes back, must prepare a strategy to start collecting Bitcoin and several altcoins that have the potential for the next increase.
The market is getting worse, of course it is a sign that many are selling in panic, we as long-term investors only need to buy it back from weak hands.
Getting at a cheaper price, whales are happy with this condition to collect their assets into more.
The storage required for long-term investment is certainly stored in a secure hardware wallet and not in a centralized Exchange, because the use of a centralized exchange for long-term storage will be at great risk, it is better to learn from previous exchange hacks or manipulations.
Even though as you said, we must prepare everything before the bull market comes back, must prepare a strategy to start collecting Bitcoin and several altcoins that have the potential for the next increase.
The market is getting worse, of course it is a sign that many are selling in panic, we as long-term investors only need to buy it back from weak hands.
Getting at a cheaper price, whales are happy with this condition to collect their assets into more.
The storage required for long-term investment is certainly stored in a secure hardware wallet and not in a centralized Exchange, because the use of a centralized exchange for long-term storage will be at great risk, it is better to learn from previous exchange hacks or manipulations.
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.
Now it is quite strange to see many people selling their assets cheaply in a bear market like the current one.
Even though as you said, we must prepare everything before the bull market comes back, must prepare a strategy to start collecting Bitcoin and several altcoins that have the potential for the next increase.
The market is getting worse, of course it is a sign that many are selling in panic, we as long-term investors only need to buy it back from weak hands.
Getting at a cheaper price, whales are happy with this condition to collect their assets into more.
The storage required for long-term investment is certainly stored in a secure hardware wallet and not in a centralized Exchange, because the use of a centralized exchange for long-term storage will be at great risk, it is better to learn from previous exchange hacks or manipulations.
Even though as you said, we must prepare everything before the bull market comes back, must prepare a strategy to start collecting Bitcoin and several altcoins that have the potential for the next increase.
The market is getting worse, of course it is a sign that many are selling in panic, we as long-term investors only need to buy it back from weak hands.
Getting at a cheaper price, whales are happy with this condition to collect their assets into more.
The storage required for long-term investment is certainly stored in a secure hardware wallet and not in a centralized Exchange, because the use of a centralized exchange for long-term storage will be at great risk, it is better to learn from previous exchange hacks or manipulations.
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.
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 that altcoins are subject to pump and dump and the majority of them have no real-life use case at all but I do not remove the possibility of getting profit from these altcoins especially when we happen to learn its pump and dump scheme patterns. I would also invest in altcoin but I will only put a small amount because the risk is quite huge on this kind of venture. There is a huge possibility of losing our capital.
But for those investors that can't afford to lose his capital, I would say that better put it all into Bitcoin.
Waiting for the "bearish event" is not a very good strategy. I can't recall any major bearish events before previous halvings. Either the price will go up and then a correction will follow, so you'll have to buy roughly at the same price as we can see now. This dump or correction can also be very short-lived and can be easily missed. So IMHO it's much better to buy now. Most probably we'll go sideways for some time before the halving.
And yes: get rid of the shitcoins ASAP!
And yes: get rid of the shitcoins ASAP!
Make your goal and wait until you achieve it, no matter if you need to wait for a long time. The halving isn't something to push the Bitcoin price, technically. It's just all about FOMO, and we don't know if it will work or not. But we need to stick to our target. So we can make profits. I do not fully agree with the OP because I sell when I have decent profits and buy it back in dips. That's how I have been making money from trading. But I trade very rarely because I wait for the dump and capitalise it.
When I see post talking about the halving, I just conclude how deficient is is concluded on, because it is just a process to facilitate ease in the system. There's not supposed to be any fuse raised on the issue, because it must happen. The best bet has always and will be to accumulate the percentage you can afford. I wouldn't include a loss probability, but the chance of the halving being profitable in the long run is undisputable.
Make your goal and wait until you achieve it, no matter if you need to wait for a long time. The halving isn't something to push the Bitcoin price, technically. It's just all about FOMO, and we don't know if it will work or not. But we need to stick to our target. So we can make profits. I do not fully agree with the OP because I sell when I have decent profits and buy it back in dips. That's how I have been making money from trading. But I trade very rarely because I wait for the dump and capitalise it.
Is it too late already? I don't think so, it takes only a single day for Bitcoin to lose 40% of it's value and we still have few months before the next halving, That's a lot of time left and anything can still happen.
As for me and as far as experience goes, yeah it might be too late.
However, even in the bull run you can continue to grow and save Bitcoin specially right after the halving.
So I guess the name of the game is that, the earlier the better. Maybe last year if we start at the last 6 months, and then maybe invested or bought during the lowest low price of $15,500 and the continue till this year, we might have a big amount of Bitcoin in our wallet.
But I guess everyone is very different and as I have said, if you have experience the last bear market and bull run, you could have a idea when to start accumulating Bitcoin in preparation for the next bull run (how time flies, next year we will be at this cycle again).
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.
Is it too late to buy?In my opinion, the price of bitcoin is now ok to buy, as the price is still below $30,000.Some of us are still accumulating some amount of bitcoin because we don’t have the opportunity to buy it all at once. I use some of my monthly salary income to buy the little I can and keep buying until I am satisfied, but for now I am still buying and hoping the price will go down a bit before the halving. 
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.
I do applaud your dedication in this kind preparation for the upcoming fork and bull run.
While it may be true that prices of BTC may increase, I still have yet to prepare my portfolio for this. I should, however, invest more in my cryptocurrencies especially on the amounts that I receive weekly from my campaign signature.
I actually somehow struggle to focus long-term as I always withdraw and use my weekly BTCs in order to convert it to my local currency. I just hope that this will give me that reality-check that I have been longing for me to save and invest my BTCs.
Is it too late already? I don't think so, it takes only a single day for Bitcoin to lose 40% of it's value and we still have few months before the next halving, That's a lot of time left and anything can still happen.
It's not too late to buy Bitcoin right now or create your own crypto portfolio, Bitcoin can still decline anytime from now and it will drag every other coins along.
What is not adding up with peoples prediction is the adoption rate, we can't compare four years back to today, because now we have ETF approval waiting and more confidence is now on crypto, don't you think it will be hard to see a bigger dump like that of the past years again? I am not saying it's impossible I am just saying there is now strong beliefs in crypto vs the past years.
It's not too late to buy Bitcoin right now or create your own crypto portfolio, Bitcoin can still decline anytime from now and it will drag every other coins along.
What is not adding up with peoples prediction is the adoption rate, we can't compare four years back to today, because now we have ETF approval waiting and more confidence is now on crypto, don't you think it will be hard to see a bigger dump like that of the past years again? I am not saying it's impossible I am just saying there is now strong beliefs in crypto vs the past years.
The bitcoin had the next halves in the 6-7 months,So this is crucial time to hold the bitcoin.Many traders will loss their bitcoin before the halves by panic selling with small profit at the minor bull runs.Such panic selling should be avoided by the traders.The bitcoin can be brought at any price,because the all time high is 68k which is very far from the current value.Their will be some decline in bitcoin price from the bear run,use the moment and back to the bitcoin family.All the bitcoin family was depend on the new all time high in the 2024.
Indeed, you have a great preparation for the upcoming bull run. And I think a lot are also doing the same thing as you do. However, the biggest challenge is when the market move sideways for a longer time. If you’re not strong enough, you will end up panic selling some of your stored coins in your portfolio. Because let’s just accept the reality that it’s much easier being said than done. When you get to experience the whole market is against on your plan, you might get into another thinking and eventually change your plan. A lot have fixed plans at the start until the condition of the market start to trigger them.
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.
I do applaud your dedication in this kind preparation for the upcoming fork and bull run.
While it may be true that prices of BTC may increase, I still have yet to prepare my portfolio for this. I should, however, invest more in my cryptocurrencies especially on the amounts that I receive weekly from my campaign signature.
I actually somehow struggle to focus long-term as I always withdraw and use my weekly BTCs in order to convert it to my local currency. I just hope that this will give me that reality-check that I have been longing for me to save and invest my BTCs.
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