Topic: You should have a post-bull run plan. - page 2. (Read 438 times)
I'm a medium-term holder and DCAing (Dollar-Cost Averaging) is a big part of my strategy. But in my early years with Bitcoin, it seemed like I fell into the first category, where I really had no plans to sell because I just wanted to collect and save. I would only sell a little when I needed money for expenses, and I still had a lot left until it increased again. Back then, I believed that the price would always go up. But now, I'm waiting for the bull run and plan to sell when it reaches the all-time high.
From the post-bull run plan you listed, the second category is where most of the bitcoin investors belong, including myself. We go with the flow of targeting every four years profit since the crypto market has its time of green candlelight and red zone. Towards the red zone(bearish market), we buy bitcoin at a low price, and at green candlelight(bull run), we begin to sell our Bitcoin, believing the fact the market will go bearish further times. This makes it the perfect entry for them to sell off their bitcoin holdings before the bearish take a big hold on the market because hodling bitcoin further will make the investor lose better selling opportunities to sell bitcoin at a very high price
There are those who come and go. There's even an economics professor in one of the most trusted universities here in my country who prefers to invest, wait for a moderate increase in the price, and pull out regardless of the prospect in the near future. Such approach seems practical.
Although it isn't my cup of tea as I'm basically a hodler, I also don't think he is wrong in what he does. These people are giving more weight to moderate yet certain profit rather than a bigger yet uncertain one. They don't have the greed. Unfortunately, they also don't have the belief that Bitcoin is going to explode more in the future.
It's not that people who don't hold long don't believe that Bitcoin will go higher, there are a lot of people who know that Bitcoin's future is great, but they also know that there is no fixed timing for Bitcoin to go higher, so they know that there is no trust in life, just like there is no trust in anything in trading, so they understand this better than waiting. They keep making profits at the same time because you know that there are ups and downs in the crypto market, it never stays stable or moves in the same direction, so it is better to make profits at the same time instead of waiting.Although it isn't my cup of tea as I'm basically a hodler, I also don't think he is wrong in what he does. These people are giving more weight to moderate yet certain profit rather than a bigger yet uncertain one. They don't have the greed. Unfortunately, they also don't have the belief that Bitcoin is going to explode more in the future.
I don't blame people who wait too long. Waiting too long and selling early is another difference between the two how much budget you have and how much savings you have. How long can you hold on to your money? People who can't wait that long because they don't have enough savings to hold on to for years.
Before anyone decides to settle for a category or plan, they have to be sure they have everything in place to enable them stick to the plan .
Knowledge is very profitable and it also helps to achieve what we have set up on ourselves, when making an investment, we must see to all the available resource and ensure we acquire all the needful plans in other for us to be able to acheive the essence of the bull season, this time must be seen as a period in which we ah e to take more precautionary caution for us to be able to make the necessary profits over what we are investing because at this same time some may be making loses when they are not doing the right thing with their investments entry and timing.
Everyone is so excited about the bull run because we hope to make some profit. But I just want to say that this bull run will not be the best bull in the Bitcoin circle. There are still better days ahead, so we shouldn't just plan for this present profit without preparing for the future. Let me group Bitcoiners in this bull run thus:
1- Long term hodlers
2- Medium term hodlers
3-Traders
1. Some of these long-term hodlers don't have any plans to sell. Some of these are selling just a fraction of their Bitcoin for personal reasons. These set of people are more concerned about the future price of Bitcoin. They believe that there will always be a new ATH in several future bull runs
2- These sets of bitcoins are always targeting to make a profit every four years. Some of them use the DCA strategy to buy for four years and they sell during bull runs. After selling they can use the funds to invest or solve a need and will start DCAing for another four years.
3- Traders are people who target to make a profit from Bitcoin within a short period.
However, my message is that as you are making a profit from the market this period don't forget that Bitcoin has better days ahead. So ensure that you have plans for the next four years.
I fall in the second category and I have plans to replenish my wallet as soon as possible if the price is good. For me I am not only going to depend on DCA, lump sum will also be considered.
Funny enough, some do not even belong to any of these categories. Within the space of four years, they would have bought and sold their coins countless numbers of times to offset personal needs and these people can not really be tagged as traders. The most important aspect about having a post bull run plan is having a reserve somewhere or a different source of income that can enable one really stick to their plan of either being a long-term holder, medium term hodler or even a professional trader without having to "withdraw and replace" bitcoins unnecessarily just to pay bills and meet up personal needs which often makes them get very low returns on their investments. 1- Long term hodlers
2- Medium term hodlers
3-Traders
1. Some of these long-term hodlers don't have any plans to sell. Some of these are selling just a fraction of their Bitcoin for personal reasons. These set of people are more concerned about the future price of Bitcoin. They believe that there will always be a new ATH in several future bull runs
2- These sets of bitcoins are always targeting to make a profit every four years. Some of them use the DCA strategy to buy for four years and they sell during bull runs. After selling they can use the funds to invest or solve a need and will start DCAing for another four years.
3- Traders are people who target to make a profit from Bitcoin within a short period.
However, my message is that as you are making a profit from the market this period don't forget that Bitcoin has better days ahead. So ensure that you have plans for the next four years.
I fall in the second category and I have plans to replenish my wallet as soon as possible if the price is good. For me I am not only going to depend on DCA, lump sum will also be considered.
Before anyone decides to settle for a category or plan, they have to be sure they have everything in place to enable them stick to the plan .
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However, my message is that as you are making a profit from the market this period don't forget that Bitcoin has better days ahead. So ensure that you have plans for the next four years.
I fall in the second category and I have plans to replenish my wallet as soon as possible if the price is good. For me I am not only going to depend on DCA, lump sum will also be considered.
I also fall into the 2nd category. Buying for most of the time then selling it at the 4th year.However, my message is that as you are making a profit from the market this period don't forget that Bitcoin has better days ahead. So ensure that you have plans for the next four years.
I fall in the second category and I have plans to replenish my wallet as soon as possible if the price is good. For me I am not only going to depend on DCA, lump sum will also be considered.
I don't want to tell something about the 1st category, but who in the hell here are buying Bitcoin and they have no plans of selling at all? Is there anybody here who sees Bitcoin as like a thing that has sentimental value for them that they don't want to sell it anymore?
I fall into the 2nd category because I do DCA during the 1st to 3rd year and then I will sell it on the 4th year or when the bull run starts. Of course, that doesn't end there because you will just repeat the process. Rinse and repeat. Do that every 4 years and you will get profit in the long run. Holding and not selling it for life is just pure stupidity for me because Bitcoin is an asset, and we are buying an asset for the sake of earning more money.
Trading is for me, the thing that I will not do anymore. I've lost a huge amount of money from it, and I don't want to lose more.
I fall in the second category and I have plans to replenish my wallet as soon as possible if the price is good. For me I am not only going to depend on DCA, lump sum will also be considered.
I am more inclined to do DCA for a certain period. but I have difficulty selling the Bitcoins I have. Sometimes I also feel like I'm the first choice.but I also trade even though it is not as intense as daily trading. short profits are actually not a problem for me because I actually differentiate the investments I collect from the assets I trade.
To be honest, I'm more comfortable with investing, but with trading, I just want to develop the assets I have with all the opportunities that exist.
First, you need to think about where Bitcoin can grow, I assume that it will not grow much above 100k, in fact, even growth to this value would be very good. How to proceed after this, probably sell and wait for some time, some part can be spent and the rest held back for the next bear market. Continuing to hold btc may not be the best decision because if you enter a bear market with Bitcoin, you will most likely have to suffer losses and wait again for several years until the next bull market comes.
Every bull run is unique and IMHO, the current one is always the best. So, it makes sense if this isn't going to be the best compared to the future and upcoming ones but if we'd talk about the current one, we'd see how it will be the best.
However, my message is that as you are making a profit from the market this period don't forget that Bitcoin has better days ahead. So ensure that you have plans for the next four years.
I agree, those who don't have a plan to exit this upcoming bull run will need to plan for the next 4 years. And that is because I've talked to some people that are not relative to me nor friends but they've said that this might be their last bull run and instead of planning their future, they're planning their exits.I fall in the second category and I have plans to replenish my wallet as soon as possible if the price is good. For me I am not only going to depend on DCA, lump sum will also be considered.
Both strategies are good, it's that DCA is the most common. But everyone needs to do what they're comfortable with and sometimes, lumpsum is very convenient when you don't want to invest your money to something else but Bitcoin. 
Having a long term goals and plans is very important for bitcoin holders regardless of the time frames and what the price of bitcoin can be, I don't quite agree with the term that says that you should not sell you bitcoin at all time high, because there will be more all time high in the future, this format may make investors to miss out in the volitility advantage in bitcoin.
It’s ridiculous hearing statements like this about holding bitcoin. At times, people assume that we are going to hold this bitcoin forever without taking profits when necessary. I know people have different reasons for holding their bitcoin but it all revolve around making a profit at the end. As long as bitcoin exists, we will be having an all time high but that shouldn’t make us to overlook the present opportunity. Taking a profit doesn’t mean one have to sell all his coins, you can take a profit and still have a portion of your coins remaining to continue holding and top it up again during bear market.
Everyone is so excited about the bull run because we hope to make some profit. But I just want to say that this bull run will not be the best bull in the Bitcoin circle. There are still better days ahead, so we shouldn't just plan for this present profit without preparing for the future.
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If we were to look only from the perspective of profit, then it is clearly visible that the price increase after the halving decreased each time. After the halving in 2016, the increase was about x50, and after the halving in 2020, it was only about x3.5. No one knows what the future holds, but it seems unrealistic to me to expect price increases in some big numbers - because if we take the last ATH, just a x3 increase would take us over $200k.
In any case, it's good to have some kind of plan, because life is short and you should live it as if every day is your last - what's the point of money if we don't spend it on the things we need?
There are those who come and go. There's even an economics professor in one of the most trusted universities here in my country who prefers to invest, wait for a moderate increase in the price, and pull out regardless of the prospect in the near future. Such approach seems practical.
Although it isn't my cup of tea as I'm basically a hodler, I also don't think he is wrong in what he does. These people are giving more weight to moderate yet certain profit rather than a bigger yet uncertain one. They don't have the greed. Unfortunately, they also don't have the belief that Bitcoin is going to explode more in the future.
Although it isn't my cup of tea as I'm basically a hodler, I also don't think he is wrong in what he does. These people are giving more weight to moderate yet certain profit rather than a bigger yet uncertain one. They don't have the greed. Unfortunately, they also don't have the belief that Bitcoin is going to explode more in the future.
We can learn everything, but I myself often do short-term (scalping), medium-term, and holder trading. At this time, the market has provided many facilities. Such as Future, Margin, Stake and other programs. So no matter what the conditions, those who understand it can be a strategy to make a profit. So even after the decline period comes, we can still trade futures or margin. But of course this must have good expertise and emotional control. There is no need to worry that in history, bearish times are always followed by bullrun periods.
However, my message is that as you are making a profit from the market this period don't forget that Bitcoin has better days ahead. So ensure that you have plans for the next four years.
After a bull run, it's not be happy days, months about 2 years for Bitcoin holders if they don't take profit along the bull run and are greedy too much to wait for higher highs after another. Their greediness does not stop but increases with time and they miss chances to take profit in a bull run.After a bull run, a bear market is great for experienced Bitcoin investors who take profit in a bull run and wait for chances with many months of bear market to accumulate bitcoin again.
Two types of investors have different strategies and the first type will not be able to accumulate bitcoin in bear market. They mostly spent all money they have in a bull run and will need to sell bitcoin in bear market to have cash. If they don't have withdrawal strategy, they will have to sell bitcoin in bear market.
[ANN] JJG Sustainable Bitcoin Withdrawal Strategy
https://bitcoindata.science/withdrawal-strategy
One thing I learned though in the bull run that I so far experience here is that,
a. Don't sell everything that you have accumulated in a bull run, at least spare some and let that be the based of another accumulation period. Because for me, you should start as some point again and keeping some from the previous bull run, it could motivate you to save more.
And again, just look at the bigger picture, it will be another long 4 year of accumulation period, but it's going to be worth in the long run.
a. Don't sell everything that you have accumulated in a bull run, at least spare some and let that be the based of another accumulation period. Because for me, you should start as some point again and keeping some from the previous bull run, it could motivate you to save more.
And again, just look at the bigger picture, it will be another long 4 year of accumulation period, but it's going to be worth in the long run.
[...] I fall in the second category and I have plans to replenish my wallet as soon as possible if the price is good. For me I am not only going to depend on DCA, lump sum will also be considered.
That's mean you have sold your bitcoins in the (near) before or after the halving, is this a good step if you want to refill your bitcoin balance in the next 4 years?
Assume that you sell it at $70,000 and in a few days bitcoin goes to $90,000. Then you get FOMO & buy it again because there is unexpected good news coming that might make bitcoin go to $120,000 - $150,000. Aren't you already at a loss here?
Being a diamond hand is the main key to success in bitcoin investment, even if you use your $1 for DCA every day, it will be big if you don't sell it until you feel it is worth selling.
You right but we must learn to respect individual choices and what they intends to use their bitcoin for most of them could target immediate four years circle to always make their profits from the market after which they face their real life problems. Sorry to say let me use this scenario to explain little about how most people behave in the market; we have gamblers who only have been praying for a fortune to hit a jackpot and make millions and billions of dollars after which they established themselves, although some of them can still gambling but would reduce their interest since they had already gotten what they wanted. Same it's to those who are investing and doing DCA in the market, they only wait for the best chance to take the profits they had ever wished on after which they sort their real life issues and lose interest in doing DCA or whatever. However there are people who actually meant to hodl bitcoin for long and they respect the future of bitcoin and to what it would hold or give birth to.
You’ve mentioned three ways that bitcoin investors enters the market and also plan to exit the market when the right time comes for them. This might be the only ones you’re familiar with because I think they will be other several ways investors take advantage of the market and unknown to others.
Everyone is investing in order to be profitable and with only this three methods, it doesn’t look conducive enough to accommodate all investors without finding an alternative which is unnoticeable to others when they’re taking their profits.
The effects of whales is well know in the bitcoin market and a wise investor will always look for means to avoid them when coming and also embrace them to their advantage when the time comes. A lesson learned is the best of knowledge and a post-bull run plan is not something to joke with if you’re in for this for a forever time to come.
Everyone is investing in order to be profitable and with only this three methods, it doesn’t look conducive enough to accommodate all investors without finding an alternative which is unnoticeable to others when they’re taking their profits.
The effects of whales is well know in the bitcoin market and a wise investor will always look for means to avoid them when coming and also embrace them to their advantage when the time comes. A lesson learned is the best of knowledge and a post-bull run plan is not something to joke with if you’re in for this for a forever time to come.
Having a long term goals and plans is very important for bitcoin holders regardless of the time frames and what the price of bitcoin can be, I don't quite agree with the term that says that you should not sell you bitcoin at all time high, because there will be more all time high in the future, this format may make investors to miss out in the volitility advantage in bitcoin.
Let say for example, a long term holder can sell off his bitcoin holding in 2024 all time high and still have opportunity to buy back at a much lower price in bear market at anytime before the next all time high again, that way the investor will be benefiting from the all cycle bitcoin market movements.
Let say for example, a long term holder can sell off his bitcoin holding in 2024 all time high and still have opportunity to buy back at a much lower price in bear market at anytime before the next all time high again, that way the investor will be benefiting from the all cycle bitcoin market movements.
Everyone is so excited about the bull run because we hope to make some profit. But I just want to say that this bull run will not be the best bull in the Bitcoin circle. There are still better days ahead, so we shouldn't just plan for this present profit without preparing for the future. Let me group Bitcoiners in this bull run this
As you have said, this may not be the best since it's not going to be the last bitcoin circle we are going to have, but it can also be the best once ahead the precious ones we have been seeing, if we are investing, then we should take it serious and more carefully, we should set a target to meet in other to achieve having a profitable season along with the bitcoin post halving and market circle we are in, because many will soon appreciate every of their decisions made on bitcoin investment before the year runs out.
1- Long term hodlers
2- Medium term hodlers
3-Traders
2- Medium term hodlers
3-Traders
Find and locate what is good for yourself as a bitcoiner, we need to invest and also look into the aspect at which we could make performance in and where to realize more profits base on our expertise, which is going to be what will make us have more suxx in which we go for.
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