Topic: Your plans for the coming bull (Read 1401 times)

we have entered the bull season, preparations for the long term may start from now,
BTC has also breakout of the trendline resistance, maybe going to $ 30k at the end of the year,
after Christmas we will see Bitcoin Fomo starting again.

Good luck mate! thinking that bitcoin will never go down below $20,000 again means you really are confident on bitcoin now, for me, I think it's still possible for bitcoin to go down as this increase is due to hype also, and after the hype, the bear market will take over.

I'm not wishing it will happen but I'm seeing this possibility to happen.

Having a lot more patience when it comes to selling as last bull run I sold so yearly that I don't even want to remember it. This pump run I won't be hasty anymore and more likely and I'm not even gonna sell everything I have as from here Bitcoin will never go down under 20k$ so you will stay at profit no matter what if you bought under 20k$.

smth like that in my situation. i think investing in dex project will be successful in long-term strategy. and also I try to find some dex-es with opportunities for liquidity providers

I don't have any plans) i have my own strategy - to hodl btc and eth, and as for now - invest into credible defi tokens

Always the best advice to give in crypto (other than only invest what you can afford to lose!). I got bitten badly in altcoin gold rush all those years ago so I have no regrets now not going into defi. I also just only add to existing strong alts but majority is still BTC,,, when 20k comes again we will all be thankful we did so:)

So are you doing actions towards your plan?or it will remain forever as planning?because if you really want to invest and Hold then better do it now or be late forever.
Hope?yeah hope and Bullrun will comes if we will help the market and not just posting words but doing nothing.
Support Bitcoin and altcoin for you to gain and not just talking.

Agree with you, why sell when bull run obvious. I believe that is pretty bullish, expect this bullrun till the election. Buy and Hold most easiest part, that is the reason purchase and hold is typically the most productive technique for the normal individual, particularly in bitcoin market that has potential to grow much bigger.

On normal the vast majority who trade particularly with leverage, will end up losing long term. Undoubtedly risk involved yet in case you will begin, you need to begin some place.

Use your BTC and leverage it to buy more BTC   

That's why so many long term holders end up selling too low. They're just so damn sure the price can't go any higher. It would just be irrational. Well there's nothing rational about bubbles, let me tell you.

I guess you and I differ regarding our primary worry. My belief is that we're looking at a fast S-curve adoption scenario and we won't get many more (if any) of these predictable boom and bust cycles.

But hey, if you're set for life, you're set for life. I'd still prefer to tuck away something (with no plans to sell for the foreseeable future) if only because the fiat collapse scenario gold bugs and bitcoiners warn about isn't impossible.

My plans ias hold more bitcoins because for sure once it started the bull or see again the 20k dollars Im gaining more money.
I really like of this year because it gives me hope that bull run that other people said it never happen is possible to happen again and I want to continue to hold and buy so in the simple steps I can help to grow the value of the coins.

No, it's not at the end of the year.
Most of the speculations telling us that the bull run shall be greater than we had last time and it will be in 2021. Although arguable that we had the bull run for this year which started after the bear trend in March. The 4-year cycle tells that it will be in 2021 and that's what we're expecting to happen. Hold while it's not yet breaking ATH.

I don't want to sound pessimistic but 50k is a huge price and see I know the price will rise but the rise that happened over previous years was very sharp and quick because adoption rate was higher but now heavy adoption already took place and now slowly the value of bitcoins will increase I believe and 50k might take at least 2-3 years in my opinion.

That is what a lot of guys do but instead of 25k they did it at 6k when price earlier this year dropped and created mayhem among investors and traders but smart guys bought a big number of bitcoins that time and well rewarded for their trust. The market is funny one who panics loses his coins to one who has faith.

I'll happily sell all my coins between $60k and $80k/$90k. Cuz I'll be financially set for life at that point (I already retired early about a year ago thanks to having a trading stash making me money and my long term bitcoin waiting to get up to high 5 digits) - so that's good enough for me! Though of course if it did go to $500k (or even $150k) right after that I'd be hitting myself haha, but I'm pretty dang sure $100k give or take twenty or thirty thousand is gonna be the next peak. I'm more worried about the peak being lower than I think (like $60k) and missing out on selling most of my Bitcoin, than selling too low and watching it go like over $150k.

But yeah in general always keeping at least a little skin in the game is good - I have realized that lesson in trading, when I sell everything on a surge but then it keeps going a couple thousand dollars higher!

I have most of my coin held for one market cycle (well some of it is still from 2017 somewhere between $1300 and $7000, but the vast majority of it is from this market cycle in the $3000s in early '19), so I can sell late in the bull run and buy back near the bottom of the next bear market. And then I have a bit of coin as trading stash. Don't do the multi-cycle stuff though, but I can see how having a bit set aside for longer than just one cycle keeps you in the money in case the price goes drastically higher than assumed.

Oooppss,You have gave me great idea there mate,i always thought of after the Pump there is always correction but reading this i guess i missed something about the market and that is the continues growth might happen as well.

Surely i will take this advice and maybe sell only 60% of my total holdings in the first Bull and reserve the 40% while waiting since the opportunity of moving up more is there.

Thanks for this ,really appreciated.

One word of advice: never sell all your coins.

You might think you're brilliant for selling at $50K. Nice profit, right? Then the market shoots to $500K while you're waiting for that crash.

By all means, have a trading stash and take your shots. But you should always have a healthy cold storage stash you don't intend to sell anytime soon. Think of it as your retirement savings, your children's savings.

Every time Bitcoin reaches a new ATH, I'm reminded of my regret for selling so many coins over the years. In a bull market, your orientation should be such that your primary concern is about not losing coins, not about profiting in dollars.

Don't get your hopes high about dead altcoins because no matter how good a bull run happens but the coins that are dead are really dead forever unless they bring in some big development or make some crazy announcements. If by dead coins you mean some coins like dogecoins then yeah they might have a bull run too when it happens for BTC and all other coins. But I am talking about ICOs based coins those will never rise up no matter how good the market is because they had a small lifespan and it's over for them.

I have saved some small amount of bitcoins but I am not going to sell even if it reaches a new ATH because really during these pandemic times I felt how strong bitcoins market is and even a pandemic could not move our market much.

I think everyone is getting excited now, seeing the price hitting above $13k and with December still far away, for sure some of you may have put their plans, not just this coming Christmas, but in the next coming years. I have plans, but it seems I will have to re-adjust though, so I'm thinking not to have plans at all and let the bull run comes and then I will reconsider everything. Specially that we are still in the pandemic, lots of uncertainties to come.

You sound scary and I am not sure if you actually think so or just having fun. Nice choice of worlds and I wonder why you are again Biden, I don't want to comment on politics anyways.

I am not preparing for any bull or bear runs to be clear because if one thing I have learned from past bitcoin charts and patterns is that you cannot ever predict the price no matter if things are looking bleak or looking very positive. I was expecting the price to suffer a lot this year but what happened? The price is going even stronger than before and there is no real theory that can support why it is happening so I just react based on the market movement rather than predicting or speculating it.

That's what I wrote about. There are points of the market, having missed which it is already impossible to return (buy back). And bitcoin is precisely the asset where this is especially important - very high volatility and growth/fall cycles occur all the time at new much higher levels than before.