Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: MusaMohamed on October 22, 2023, 10:04:39 AM



Title: Do you prepare for a Bitcoin bull run?
Post by: MusaMohamed on October 22, 2023, 10:04:39 AM
It's about 185 more days till a 2024 Bitcoin halving.

Bitcoin Block Reward Halving Countdown (https://www.bitcoinblockhalf.com/) gives you an estimation and it is not completely correct but you can use its estimated date for the halving. It's not important to know when is a halving date because knowing the halving block is enough.

It will happen at the block 840000.

Quote
Past halving event dates

The first halving event occurred on the 28th of November, 2012 (UTC) at block height 210,000
The second halving event occurred on the 9th of July, 2016 (UTC) at block height 420,000
The third halving event occurred on the 11th of May, 2020 (UTC) at block height 630,000

A chart that breaks down Bitcoin history price to past halving cycles (4-year cycles).
https://pbs.twimg.com/media/F84CvIpa8AAIJy9?format=jpg&name=900x900 (https://twitter.com/thescalpingpro/status/1715345741890339208)
I don't mind about reasons for a next bull run because market will have many 'reasons' to rise during a big bull run with parabolic curve but I quote some idea in the tweet.
Quote
#Bitcoin is going to $100k here is why -

- Honda now accepts Bitcoin & Crypto Payments
- Elon Musk calls fiat currencies a S-C-A-M
- Tesla reveals none of its $312 Million Bitcoin was sold in Q3 2023.
- Ferrari now accepts Crypto payments for its Car
- Hong Kong officially launches its first Bitcoin  & Crypto trading platform.
- Less than 5% of the global population is invested in Crypto (we are soo early)
- Japan's largest investment bank Nomura launches Bitcoin fund for institutional investors
- Coinbase receives regulatory approval to offer perpetual futures to international retail customers
- Coinbase receives full operating License in Singapore
- There are Only 21 Million Bitcoins
- Bitcoin Halving in less than 180 days
- Bitcoin Supply Shock Incoming
- Bitcoin Bears still waiting for $12k

The funny idea is "Bitcoin Bears still waiting for $12k". I don't wait for that price but if you knew the March 2020 crash, will $12k be seen in 2024 before a halving with some bad news to shock the market?

Don't exclude that risk and don't use leverage to Long Bitcoin because if you use leverage, open a Long position, you will be forced liquidated in such crash.

Will this time be different when Bitcoin broke $30,000 resistance? Let's see.
https://pbs.twimg.com/media/F8-1vhHawAAOpLP?format=png&name=900x900 (https://twitter.com/thescalpingpro/status/1715790020127367647)

That Bitcoin Bull wants to see a big bull run as soon as possible but I don't expect too early bull run this year. He even tried to borrow something in textbook (Bump & Run Reversal Bottom pattern) to convince us that a bull run is very closely to start.
https://pbs.twimg.com/media/F89H-eqbsAA0ngG?format=jpg&name=900x900 (https://twitter.com/thescalpingpro/status/1715707003316633642)
.

Before a 2024 halving, you must make your preparation for it.

Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.

If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Russlenat on October 22, 2023, 10:12:22 AM
I've taken all the basic steps to secure my wallet, and now I'm gearing up to stack some Bitcoin for the upcoming bull run. This part can be a bit tough, especially with that sneaky greed creeping in. I don't have a ton to invest, so my plan is to put a little in every week and let it sit until the bull run hits. Then, I might consider selling some when we reach a new ATH.

What do you think will be the new ATH, is $100k a very conservative estimate only? Or can it go  as high as $300kish....?


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Mr.suevie on October 22, 2023, 10:15:28 AM


Before a 2024 halving, you must make your preparation for it.

Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.

If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.
Obviously yes, the halving currently is the most expected thing in the crypto space although the main event actually comes after the halving which is the bull run and I think saving your coins in a wrong or faulty wallet would be least of many holders because obviously from the first instance of saving your holding journey, you would have been saving it in a wallet that is secure to your best of knowledge and you starting to have doubt now just makes the whole thing kinda stupid don't you think,

I think the major problem is knowing when to sell off during this expected bull run because the halving is not the main event in expectation, the bull season or run that comes after it is the major thing and alot of Bitcoin users sell off their coins at the wrong time during this period, maybe they sold too or early or sold too late .


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Ziskinberg on October 22, 2023, 10:48:23 AM
I think the focus shouldn't solely be on wallets when it comes to the bull run. It's all about knowing when to sell at the right time. We're all eagerly waiting for the bull run to rake in those sweet profits. This doesn't apply to those who just HODL; they're in it for the long haul and might have to sit through several bull run cycles before cashing in.

Now, for those planning to sell during the bull run, it's crucial not to let greed get the best of you. Predicting the ATH is tough, so when you see good profits, don't hesitate to pull the trigger. It all comes down to having a game plan in place before the bull run starts. Right now, it's the buying phase. Sure, Bitcoin's price may have climbed a bit, especially if you didn't snag it during a dip. But since Bitcoin is expected to hit a new ATH during the bull run, the current price still offers a good chance to turn a profit.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: lombok on October 22, 2023, 10:56:27 AM
It's about 185 more days till a 2024 Bitcoin halving.


185 days might be an opportunity for me to keep trying to collect every satoshi in preparation for Bullrun. The more I collect, the more opportunities I have to make a profit during the bull run.

Maybe if within 185 days there is a decline in the price of BTC this could be a golden opportunity to make purchases and increase your Bitcoin savings.


Before a 2024 halving, you must make your preparation for it.

Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.

If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.

This storage wallet is very important and needs to be considered for storing Bitcoin assets. I do not recommend storing large amounts of BTC on exchange wallets. I myself store BTC in a hardware wallet.

I think the focus shouldn't solely be on wallets when it comes to the bull run. It's all about knowing when to sell at the right time.

To be able to get maximum results, perhaps a technical analysis is needed which can provide an overview of the point level by level where we can sell BTC.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: icalical on October 22, 2023, 11:10:21 AM
More than half of this post is a chart and price speculation, so I think probably this thread should be moved to speculation. And as for 'prepare for Bitcoin bull run' I thought the discussion will be about should we buy more bitcoin immediately start from today, or should we wait until we actually see an obvious and significant bull run?

Currently I still wait for a significant bull run (the price jump right now is not included imho), but I really want to hear from others.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Kakmakr on October 22, 2023, 11:11:44 AM
There are not a lot to prepare for, because the Halving usually only have a little impact on the price. You will see a slight increase in the run up to the Halving and then it will be all over. This small spike in the price are linked to the increased media attention that this event are giving to Bitcoin.

I use my wallet almost every day, so I always have access to it... but I will have to shift some coins from cold storage, if the affect on the price are significant this time.  ::)


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Adbitco on October 22, 2023, 11:33:48 AM
Good highlights why we should experience bull run bitcoin to possibly break out another ATH, but we should also consider that whatever said about bitcoin can be subjected as speculation and sometimes we say a speculative words can be taken as a probability statement which may likely happened or not. But one thing for sure is that bitcoin will record another great new level of price come next year 2024, then also know that for one to be prepared about the next bull run we should hold enough bitcoin in our custody otherwise you could be left out as a story teller who doesn't have any portion of bitcoin.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: DanWalker on October 22, 2023, 12:07:30 PM
It's about 185 more days till a 2024 Bitcoin halving.


185 days might be an opportunity for me to keep trying to collect every satoshi in preparation for Bullrun. The more I collect, the more opportunities I have to make a profit during the bull run.

Maybe if within 185 days there is a decline in the price of BTC this could be a golden opportunity to make purchases and increase your Bitcoin savings.


If you rely on history, the bull season will not come immediately when the halving takes place, but after the halving takes place, it will take us a while longer to activate the bull season. So if things repeat, you will have more than 185 days to accumulate bitcoin for the next bull season. But if something unexpected happens like some recent predictions that we will have a bull season before the halving then the time for accumulation is very limited. No one knows what will happen, so take advantage of every possible moment, don't wait for the price to drop further or believe that the bull season is still far away and hesitate to buy bitcoin. Buying now is always best.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Bitcoinpoly on October 22, 2023, 01:07:16 PM
It's about 185 more days till a 2024 Bitcoin halving.

Bitcoin Block Reward Halving Countdown (https://www.bitcoinblockhalf.com/) gives you an estimation and it is not completely correct but you can use its estimated date for the halving. It's not important to know when is a halving date because knowing the halving block is enough.

It will happen at the block 840000.

Quote
Past halving event dates

The first halving event occurred on the 28th of November, 2012 (UTC) at block height 210,000
The second halving event occurred on the 9th of July, 2016 (UTC) at block height 420,000
The third halving event occurred on the 11th of May, 2020 (UTC) at block height 630,000

A chart that breaks down Bitcoin history price to past halving cycles (4-year cycles).
https://pbs.twimg.com/media/F84CvIpa8AAIJy9?format=jpg&name=900x900 (https://twitter.com/thescalpingpro/status/1715345741890339208)
I don't mind about reasons for a next bull run because market will have many 'reasons' to rise during a big bull run with parabolic curve but I quote some idea in the tweet.
Quote
#Bitcoin is going to $100k here is why -

- Honda now accepts Bitcoin & Crypto Payments
- Elon Musk calls fiat currencies a S-C-A-M
- Tesla reveals none of its $312 Million Bitcoin was sold in Q3 2023.
- Ferrari now accepts Crypto payments for its Car
- Hong Kong officially launches its first Bitcoin  & Crypto trading platform.
- Less than 5% of the global population is invested in Crypto (we are soo early)
- Japan's largest investment bank Nomura launches Bitcoin fund for institutional investors
- Coinbase receives regulatory approval to offer perpetual futures to international retail customers
- Coinbase receives full operating License in Singapore
- There are Only 21 Million Bitcoins
- Bitcoin Halving in less than 180 days
- Bitcoin Supply Shock Incoming
- Bitcoin Bears still waiting for $12k

The funny idea is "Bitcoin Bears still waiting for $12k". I don't wait for that price but if you knew the March 2020 crash, will $12k be seen in 2024 before a halving with some bad news to shock the market?

Don't exclude that risk and don't use leverage to Long Bitcoin because if you use leverage, open a Long position, you will be forced liquidated in such crash.

Will this time be different when Bitcoin broke $30,000 resistance? Let's see.
https://pbs.twimg.com/media/F8-1vhHawAAOpLP?format=png&name=900x900 (https://twitter.com/thescalpingpro/status/1715790020127367647)

That Bitcoin Bull wants to see a big bull run as soon as possible but I don't expect too early bull run this year. He even tried to borrow something in textbook (Bump & Run Reversal Bottom pattern) to convince us that a bull run is very closely to start.
https://pbs.twimg.com/media/F89H-eqbsAA0ngG?format=jpg&name=900x900 (https://twitter.com/thescalpingpro/status/1715707003316633642)
.

Before a 2024 halving, you must make your preparation for it.

Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.

If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.

OP it might interest you to know that at this point we should be ready for not only the halving but also the aftermath of the halving. The expected bull run might not come immediately after the halving and that’s why we need a long term strategy on how to survive within the crypto space. What I will advice is that everyone should try and do what works for them! Some are very good at spot trading while some are good at futures trading, the only people who might seems left out are people who really don’t understand the volatility of the crypto market and therefore they can’t really carry out any analysis. But nevertheless they can also utilize latest advance features in the crypto space to make their own long term profit such as the Copy trading and Bot trading of Bitget exchange and some other advance features.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Bananington on October 22, 2023, 01:09:10 PM
It's about 185 more days till a 2024 Bitcoin halving.
I find myself also preparing for it by cutting down on my expenses to make sure that I have enough in BTC to be in profit when bitcoin finally surges. The economy is tougher now demanding more expenses and higher bills, so if you do not plan and execute daily based on budget yo will not have enough money to spare for investment in bitcoins.

I am also preparing for the bull run by trying secure my bitcoins the more because I know that there will be many people who are looking for peoples own to steal for themselves.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: lombok on October 22, 2023, 01:17:05 PM

185 days might be an opportunity for me to keep trying to collect every satoshi in preparation for Bullrun. The more I collect, the more opportunities I have to make a profit during the bull run.

Maybe if within 185 days there is a decline in the price of BTC this could be a golden opportunity to make purchases and increase your Bitcoin savings.


If you rely on history, the bull season will not come immediately when the halving takes place, but after the halving takes place, it will take us a while longer to activate the bull season. So if things repeat, you will have more than 185 days to accumulate bitcoin for the next bull season. But if something unexpected happens like some recent predictions that we will have a bull season before the halving then the time for accumulation is very limited. No one knows what will happen, so take advantage of every possible moment, don't wait for the price to drop further or believe that the bull season is still far away and hesitate to buy bitcoin. Buying now is always best.

Yes, it's still just a prediction of whether it will happen or not, let time decide. It's true what you say, before the bull season occurs, it's an opportunity to make purchases. For traders and long-term investors, the current price is relatively cheap and there are some people who say that the value of BTC is still undervalued.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: bayu7adi on October 22, 2023, 01:24:07 PM
In some cases, I've already shifted a portion of my funds to an exchange to be more responsive when encountering a bearish market. Yes, I do keep them in a private wallet as well, but the issue of delayed transactions can arise at any time, which means dust attacks like the recent ones can happen again unexpectedly. This could be quite bothersome during longer transaction waiting times, so I believe moving a portion of my funds to the exchange is a step forward.

The Bitcoin halving and the potential Bitcoin ETF are truly moments that could usher in significant changes, and missing out on these opportunities could leave lasting regrets if they materialize. Waiting for the next bearish market might make it easier for me to acquire some Bitcoin before the true bullish run commences.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: salad daging on October 22, 2023, 01:27:46 PM
The funny idea is "Bitcoin Bears still waiting for $12k". I don't wait for that price but if you knew the March 2020 crash, will $12k be seen in 2024 before a halving with some bad news to shock the market?
Not so sure in the bear market before the 2024 halving the price dropping as low as $12K is not in my mind although nothing is impossible, in reality it is too improbable with the onslaught of negative news that will shock the entire market.

Before a 2024 halving, you must make your preparation for it.

Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.
Yes this is important, it is always good to check wallet access with scale to make sure you can access it.
Only keep one backup hardware wallet.
Some use hot wallets but not for the long term.

Looking forward to that challenge, how the market reaction happens, I have to be ready to see all that.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: cheezcarls on October 22, 2023, 01:42:01 PM
It's about 185 more days till a 2024 Bitcoin halving.

Bitcoin Block Reward Halving Countdown (https://www.bitcoinblockhalf.com/) gives you an estimation and it is not completely correct but you can use its estimated date for the halving. It's not important to know when is a halving date because knowing the halving block is enough.

It will happen at the block 840000.

Quote
Past halving event dates

The first halving event occurred on the 28th of November, 2012 (UTC) at block height 210,000
The second halving event occurred on the 9th of July, 2016 (UTC) at block height 420,000
The third halving event occurred on the 11th of May, 2020 (UTC) at block height 630,000

A chart that breaks down Bitcoin history price to past halving cycles (4-year cycles).
https://pbs.twimg.com/media/F84CvIpa8AAIJy9?format=jpg&name=900x900 (https://twitter.com/thescalpingpro/status/1715345741890339208)
I don't mind about reasons for a next bull run because market will have many 'reasons' to rise during a big bull run with parabolic curve but I quote some idea in the tweet.
Quote
#Bitcoin is going to $100k here is why -

- Honda now accepts Bitcoin & Crypto Payments
- Elon Musk calls fiat currencies a S-C-A-M
- Tesla reveals none of its $312 Million Bitcoin was sold in Q3 2023.
- Ferrari now accepts Crypto payments for its Car
- Hong Kong officially launches its first Bitcoin  & Crypto trading platform.
- Less than 5% of the global population is invested in Crypto (we are soo early)
- Japan's largest investment bank Nomura launches Bitcoin fund for institutional investors
- Coinbase receives regulatory approval to offer perpetual futures to international retail customers
- Coinbase receives full operating License in Singapore
- There are Only 21 Million Bitcoins
- Bitcoin Halving in less than 180 days
- Bitcoin Supply Shock Incoming
- Bitcoin Bears still waiting for $12k

The funny idea is "Bitcoin Bears still waiting for $12k". I don't wait for that price but if you knew the March 2020 crash, will $12k be seen in 2024 before a halving with some bad news to shock the market?

Don't exclude that risk and don't use leverage to Long Bitcoin because if you use leverage, open a Long position, you will be forced liquidated in such crash.

Will this time be different when Bitcoin broke $30,000 resistance? Let's see.
https://pbs.twimg.com/media/F8-1vhHawAAOpLP?format=png&name=900x900 (https://twitter.com/thescalpingpro/status/1715790020127367647)

That Bitcoin Bull wants to see a big bull run as soon as possible but I don't expect too early bull run this year. He even tried to borrow something in textbook (Bump & Run Reversal Bottom pattern) to convince us that a bull run is very closely to start.
https://pbs.twimg.com/media/F89H-eqbsAA0ngG?format=jpg&name=900x900 (https://twitter.com/thescalpingpro/status/1715707003316633642)
.

Before a 2024 halving, you must make your preparation for it.

Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.

If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.

Oh yes I am. I make sure that I store them in a cold storage and backups are in offline while anticipating for the Bitcoin halving.

I still regret that time when I let go of my Bitcoin in 2020 before it broke the then all-time high of almost $20k. I started DCA around mid-2022 for both Bitcoin and Ethereum with my extra “not beer” money.

Although I do not expect much from the upcoming Bitcoin halving, but let’s just hope that this would turn things around for the entire market to go bull run again like what we have experienced last 2021.

Always be prepared for the unexpected happenings and acknowledge the results no matter what. We just don’t know what would be another big catalyst for the next bull run these days aside from the Bitcoin halving. Maybe an approved ETF by Blackrock and the other pending ones? Time will tell as this could be very interesting in this space.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Dr.Bitcoin_Strange on October 22, 2023, 01:46:43 PM
Before a 2024 halving, you must make your preparation for it.

Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.

If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.

It is certain that not everyone will sell their bitcoin in this coming bitcoin halving. Some people have plans to sell their Bitcoin in the next 8 or 10 years, but for those who already have the interest to sell their Bitcoin during the bull market, they are already getting prepared for the bull market. But there's one mistake that some people will make during the forthcoming bull market: some people might quickly rush to sell their coins once they see Bitcoin trading around $90k, and if the price spikes to $150k, then they will begin to regret why they did not hold for so long. There's a commonly known strategy of investing in Bitcoin known as the DCA, so I advise that anyone who is selling during the bull market should also sell in fractions. Never sell all your holdings at once because you don't know if the price will still go above what you have sold.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Wend on October 22, 2023, 01:58:39 PM


Before a 2024 halving, you must make your preparation for it.

Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.

If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.

Bitcoin is a precious asset with great value, so it's not just because bull season is approaching that we have to check it on a regular basis. Instead, we should check them regularly even during bear season or bull season because they are assets that will bring us huge wealth or profits in the future. If someone is a holder then I think they already have the safest method for their bitcoins and don't need anyone to remind them. What I care about is that bull season is approaching and how many bitcoins we already own, that's the worry.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Beparanf on October 22, 2023, 02:12:26 PM
What do you think will be the new ATH, is $100k a very conservative estimate only? Or can it go  as high as $300kish....?

If we will follow the pattern base on the previous cycle. X2 of the previous ATH is the minimum target to be considered as ATH which around 130K+ but 100$ will probably a strong resistance since many traders will setup on that price level as target sell price since it’s a round number that is popular to every trader.

My target on next bullrun is to start taking profit when 90K hit then DCA sell every 10K price increase using 10% of my holdings until I sold 90% of my holdings and left the remaining Bitcoin as my FOMO holdings just in case the price will still sky rocket on insane level.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: mirakal on October 22, 2023, 02:20:47 PM
Better to wait until the bull run /....

We can't just sit around waiting for that bull run before we dive into investing. If you want to savor those juicy profits once the bull run hits, now is the time to jump in. Bitcoin's price is still pretty reasonable compared to what it could be during the bull run. We're discussing preparation here, and that means acting before the bull run arrives. Trust me, if you wait until the bull run's in full swing, you'll likely only see modest gains and risk losing out if your timing's off. So, if you're looking for a safe bet, the time to buy is right now.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Don Pedro Dinero on October 22, 2023, 02:27:00 PM
Well, not really. I prepare for the whole cycle. I know that the bull run will come, and then the bear market, so you have to be prepared for everything and try not to get overexcited when the price keeps going up and not to get depressed when the price goes down. DCA and a very long term view are the solution.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Casdinyard on October 22, 2023, 02:40:11 PM
I think I speak for everyone when I say we've done all the preparations we know of to get started soon as the bitcoin bull run commences. most of us here have already allocated enough money to comfortably prepare for a bull run. A lot of us here are scrambling for ways to find money to use for investments. Everyone is just that stoked for the halving and the subsequent bull run.
Well, not really. I prepare for the whole cycle. I know that the bull run will come, and then the bear market, so you have to be prepared for everything and try not to get overexcited when the price keeps going up and not to get depressed when the price goes down. DCA and a very long term view are the solution.
That's a little pedantic lol. Although I would agree, DCA will always be the way to go for better or for worse. It's just that sometimes it doesn't hurt to get a little hyped up especially when something as amazing as your investments popping off in value is afoot. I've been in this industry for years and I still get the same level of excitement as when I first saw my first ATH.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: uneng on October 22, 2023, 02:58:45 PM
Before a 2024 halving, you must make your preparation for it.

Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.

If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.
These are important tips for every Bitcoin holders thinking on the next bull run. It's nearly or during bullish seasons that many scams happen by third party platforms you don't have full control over your money. So it's really a good idea to withdraw your funds to a hardware wallet while waiting BTC's price to rise. Then, once it happens you can fastly send it to an exchange and sell for profit instantly. Also, remember to not let your fiat money deposited on such platforms for too long.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: ZAINmalik75 on October 22, 2023, 06:38:06 PM
It's not important to know when is a halving date because knowing the halving block is enough.

It will happen at the block 840000.
Exactly, it is not important for the BTC investors especially for holders to keep track of the exact time of halving, because we know that, the ATH of BTC will not be set on the halving day, or day after, or day after day. This is unknown to us, so we all should be looking at a bull run which will start after halving and BTC will set a new ATH. Well, I don't say anything about others but I am waiting for ATH.

I don't mind about reasons for a next bull run because market will have many 'reasons' to rise during a big bull run with parabolic curve but I quote some idea in the tweet.
You definitely missed some good points that can cause the BTC price to reach $100,000 or set a new ATH, the point is, the news/factors you shared has already been done and now they cannot have any more good impact on the market, they already used up to create some hype in the market, now they are useless, we need more news and factors. and you definitely missed many bad news too, which caused the BTC price to drop to 24,900 dollars.
The funny idea is "Bitcoin Bears still waiting for $12k". I don't wait for that price but if you knew the March 2020 crash, will $12k be seen in 2024 before a halving with some bad news to shock the market?
you are totally right about it and I also have the same prediction, that BTC is far away from touching the $12k price range again maybe not even in the next bearish cycles too.

Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.

If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.
Yeah, and we should not store our holdings on CEXs the first reason is, that they are custodial wallets, and the second reason is, that if we will hold BTC on CEXs we will become greedy to see some profit when the market will go up and in that greed we might book our profit a little earlier and end up wasting our whole holding period for less profit.

This means, that the market will want us to move out of it but we have to stick in it for as long as we can and definitely have to book some profit whenever we will have the time.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Sophokles on October 22, 2023, 06:45:01 PM
Most of the investors are doing that right now. The sudden rise of the bitcoin price and positive news events point towards a great journey ahead of us. Many still believe that there will be one last correction before halving. I think they have a valid point as institutional investors will try to accumulate bitcoin cheaply if their ETF application gets approved. Saving some funds in case this happens.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: darkangel11 on October 22, 2023, 07:04:40 PM
It's about 185 more days till a 2024 Bitcoin halving.

According to bitcoin halving clock (https://buybitcoinworldwide.com/halving/) it's 173 days.

Quote
#Bitcoin is going to $100k here is why -

- Honda now accepts Bitcoin & Crypto Payments

It does not. Payment processors accept it, the same way you can buy an amazon gift card on bitrefill, but you can't pay in bitcoin directly on amazon and nobody spreads false rumors that amazon now accepts bitcoin.

Quote
- Elon Musk calls fiat currencies a S-C-A-M

The same Elon that claims bitcoin is bad for the environment?

Quote
- Tesla reveals none of its $312 Million Bitcoin was sold in Q3 2023.

But it sold 75% of its bitcoin holdings in Q2 2021.
It's not a big deal that a company that reduced its investment by 75% does not want to reduce it to 0.

Quote
- Ferrari now accepts Crypto payments for its Car
Using BitPay, a processor, again the same situation we had with Honda.

Quote
- Hong Kong officially launches its first Bitcoin  & Crypto trading platform.
But bitcoin remains banned in China...

I'm not going to answer each one of these, but these are not black and white statements. There's a problem with each and every one of them.
I'm always ready for a bull run, the same way I'm ready for a bear run. I keep holding during both of them :D



Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Crypto Library on October 22, 2023, 07:25:52 PM
I don't even know if I'm really prepared for the wrong run.  However, I have adopted a long term strategy rather than making large amounts of investment at once. I have adopted the strategy as much as I am making a certain amount of fund bitcoin investment every week or every month. But that doesn't mean I'm not excited about the upcoming bitcoin halving, I'm very excited about it because it's probably my first bear market after I've seen a bull market with crypto currencies. But just based on the points you quoted I don't think Bitcoin will touch 100k. Even before this, before the start of the last halving season, many speculated that bitcoin would work at 100 during the bull run of the service, but it did not happen. However, no one can guarantee the future of cryptocurrency, but it is true that this bull run is likely to touch a new all-time high price of Bitcoin.


It's about 185 more days till a 2024 Bitcoin halving.
According to bitcoin halving clock (https://buybitcoinworldwide.com/halving/) it's 173 days.
It was quite confusing to me. ::) As far as I know, 10 minutes is estimated for one block mining, but sometimes it can be different, that is why may the counting time show different on the different websites.  ::)


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Yatsan on October 22, 2023, 07:31:51 PM
Aren’t we all? But we do have different strategy; some are just buying and holding until bullrun’s occurence and some are doing swing trades wherein they are buying in every dump of BTC value then sell during peaks which is currently around $30k to $32k. Eitherway is fine ‘coz no one guarantees when will exactly bullrun occur. As we all assume it would be after the halving so question is; would you wait knowing that there are sudden dumps whoch could be good entry points.Fact here is that as long as the market price of Bitcoin is below ATH then it would be a good position to be held until the market becomes bullish again. On my end, I’d be swinging until the price falls down to $20k (if ever) then that would be the time I will be engaging a big amount to be held for a long period of time or until the price breaks the ceiling.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: JoyMarsha on October 22, 2023, 09:47:17 PM


Before a 2024 halving, you must make your preparation for it.

Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.

If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.
Yes of course, I am prepared for it(halving) and what follows it(bull run). I think, I am among the few people on crypto space who don't check on their crypto wallet now and then, all because they know that where they kept their seed phrase is safe and no need to be checking or monitoring the crypto wallet address since the halving and the bull run is by next year.

My wallet seed phrase is all back up on a piece of paper, which is kept in different areas I can't easily forget. I am patiently waiting for the year 2025, when I will pilot my seed phrase to a Metamask wallet address to have full access to my bitcoin and altcoin holdings


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: The Cryptovator on October 22, 2023, 09:57:59 PM
I am not sure if we can see great price movements for Bitcoin halving instantly during halving. From the past, we learned that Bitcoin pumped a few months later of halving as well. I know there is a FOMO working in our minds. For me, I assume halving could pump, but not so high. We may take advantage of the halving, but for a big pump, it would happen after a couple of months of halving. There are many ETF applications pending yet; if they get approved before halving, then there will be a chances in the biggest movements. Otherwise, I am not expecting something big. Anyway, I am ready for the halving.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: GbitG on October 22, 2023, 10:18:12 PM
It's about 185 more days till a 2024 Bitcoin halving.
Man, seriously, I am very excited for Bull Run. When the halving is completed, Bitcoin will start its bull run, but only Bitcoin investors can feel the joy of seeing the market. I have prepared myself to buy for the bull run, so I have been buying a little dip for the past year, and I plan to diversify and buy more until the halving. Do I take my previous pattern and make my new all-time high again? Because of This time, the posture or sentiment of the market was not the same in terms of price movement and volatility as seen in previous bull runs. That CZ thing fits here: the future cannot be predicted by looking at past history.

So be careful in both situations so that there is no fear of losing. If BTC really started its journey towards its new ATH, then it would be reasonable to book a profit by waiting for the perfect timing of the seat belt. And if it does not run like the previous pattern, the bull run will be complete on the market. Even if it is not implemented, you should remain active and book profit in terms of a short time frame.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: jeraldskie11 on October 22, 2023, 10:30:50 PM
Before a 2024 halving, you must make your preparation for it.

Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.

If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.
True, it's best to check the wallet to see whether it's really safe by checking the passphrase or private key because it's useless you're waiting for the halving to happen but you lose access to your wallet. That is the first thing you must do as part of your preparation. I'm quite thrilled about the halving, and I want to buy more alts since I believe in Bitcoin's dominance. I believe that now is the best moment to invest because the prices are too low to maximize your profit. I can't wait to see the price return to the ATH again.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: virasisog on October 22, 2023, 10:31:06 PM
Bitcoin halving is near, and we are expecting a bull run so why wouldn't we prepare for it?
If a person knows about Bitcoin and how it has been in the past halving's then I think they would really be ready for it to make some profit by riding the next bull run.
And it is not enough to just invest on Bitcoin we should also secure our money by putting it on a wallet that we have full control of.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: BitDane on October 22, 2023, 10:35:07 PM
As much as I wanted to prepare as sole earner in the family, I can't bring myself into accumulating Bitcoin due to expenses.  Despite having a daily job, and some extra earnings from the forum campaign, my earnings is just enough to cover the expenses and payment for debt.  But I am sure that once I am done with all the debt, I am able to accumulate little by litte after the bull run take effect since we have still a year ahead before bulls dominate the Bitcoin market.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: TelolettOm on October 22, 2023, 10:53:39 PM
It's about 185 more days till a 2024 Bitcoin halving.
I'm really waiting for this, I am sure not only I am, but also most people in Bitcoin.
Let's prepare this 9actually it should be from previous times.

Quote
#Bitcoin is going to $100k here is why -
I don't know whether this price will really be realized in the next bullish era. But what is certain is that I personally have or will set several price targets that Bitcoin might achieve, at least starting from last season's ATH and several other stages. This is to avoid undesirable things like before, because you had too high hopes, you actually lost the moment to take profits and ended up regretting it. However if it really was going to $100k, it would be exactly great.

If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.
Exactly, damn terrible, maybe it can only mourn a life full of regret and sadness for some people. Therefore, creating a good backup and security system is very necessary to avoid unwanted things. There's no harm in starting to cross-check and prepare it now so that tomorrow you won't be rushed.

btw, good luck on adding more Bitcoin accumulation, the more, the better.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: hatshepsut93 on October 22, 2023, 11:29:09 PM
Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.

This isn't an advice for the halvening, it's an advice for anyone who owns Bitcoin, regardless of the market state. Or are you suggesting that people should be careless with their backups in bear market?

The best way to prepare for the halvening is to get your finances in order, make sure that you won't get in a situation when you need to sell your coins to cover some needs, at least until the bull market will be in full swing.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Sarah Azhari on October 23, 2023, 01:04:00 AM
The funny idea is "Bitcoin Bears still waiting for $12k". I don't wait for that price but if you knew the March 2020 crash, will $12k be seen in 2024 before a halving with some bad news to shock the market?
We don't have to worry if Bitcoin has to back to $12k following the moment crash in 2020. Just hold it because the pattern price fasts back to recovery. Everyone here or the holder of Bitcoin already knows if halving will create the happy moment. So, my question is, who get the loss if everyone gets the benefits (halving)? because In the market, there are sellers and buyers, and there will definitely be losses (buyer) if there are people who get the benefits (seller). I don't know who would get it if all people in the world already knew that halving would benefit them.

Bitcoin growth has not seen a significant increase, bitcoin still uses the same people as before. if the price form to new ATH, then there must be new users or new buyer to buy what we sell after the price back at ATH 2021.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Fundamentals Of on October 23, 2023, 01:13:16 AM
Are these things really preparations for the bull run? It seems to me these things are very basic that whether what's about to come is a bull run or a bear season doesn't matter.

Making sure that you have access to your wallet, keeping a safe backup, etc aren't things that are even associated with Bitcoin's price. These are fundamental things that even newbies should be aware of and should be very careful about. All the time. Whether the price is expected to rise or not.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Oasisman on October 23, 2023, 01:24:12 AM
Well, not really. I prepare for the whole cycle. I know that the bull run will come, and then the bear market, so you have to be prepared for everything and try not to get overexcited when the price keeps going up and not to get depressed when the price goes down. DCA and a very long term view are the solution.

This has been the best strategy for me so far. Preparing for the whole cycle might sound a little too early but it would definitely allow you to maximize the opportunity of buying at the lowest possible price especially if you are DCAing religiously.
Not the kind of preparation that makes you almost FOMOing a few months before the halving because bitcoin's price is starting to climb.
I've seen people in social media doing this, some even hesitated at $25k because they have yet to see a significant increase when we're a few months away from the halving. These same people will go FOMO for sure lol.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: bettercrypto on October 23, 2023, 01:30:06 AM
All of us here are probably preparing for the bull run that is coming, and I think that there are many people who practice DCA methods in these times, and I am one of those who do. Of course, I also don't want to be left to chance. this.

We all want to save during the bull run because we have witnessed how the market moves in these scenarios. It's hard to keep up with when the plane takes off. I experienced that before. And for sure, the people who are negative about crypto or Bitcoin will buy it when the bull run comes. Many people will buy it, but the price is expensive for sure. If you don't want to follow and imitate them, it's better to do it now while there is still a chance.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Kasabus on October 23, 2023, 01:38:35 AM
It's hard to keep up with when the plane takes off. I experienced that before. And for sure, the people who are negative about crypto or Bitcoin will buy it when the bull run comes. Many people will buy it, but the price is expensive for sure. If you don't want to follow and imitate them, it's better to do it now while there is still a chance.

I totally get where you're coming from, man. I've been there, too, and I'm not planning to repeat the same mistakes. We're more mature now, and this bull run seems like it's just around the corner. They say bull runs usually follow the halving, but what if this time it's different? What if it arrives earlier? So, I think we shouldn't waste any time here. It's like squandering an opportunity. Let's keep accumulating because that's the only way to prepare for this impending bull run.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Ricardo11 on October 23, 2023, 07:01:03 AM
I keep my wallet pretty secure and always some money invested in bitcoins for the next bull market. I have long been prepared for the bull market of Bitcoin. And I always keep some of my earnings invested in Bitcoin so that I can sell it in the next bull market and make a good profit. And I'm still investing for the next bitcoin bull market and will continue to do so until the bull market begins.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: pinggoki on October 23, 2023, 07:28:25 AM
I keep my wallet pretty secure and always some money invested in bitcoins for the next bull market. I have long been prepared for the bull market of Bitcoin. And I always keep some of my earnings invested in Bitcoin so that I can sell it in the next bull market and make a good profit. And I'm still investing for the next bitcoin bull market and will continue to do so until the bull market begins.
That's so nice of you that you already have secured your bitcoins. I think that the act of slowly accumulating your bitcoin by slowly buying small amounts of bitcoin is already preparing so technically every person that's buying bitcoin right now and hoarding it and waiting for the bull run are preparing but if OP is talking about a different preparation maybe emotionally then it's going to be a different story because there are some people that don't really know how they will handle their emotions when bull run happens or what they have to do when they get out of the market when their target price finally arrives.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: DabsPoorVersion on October 23, 2023, 09:08:55 AM
It's hard to keep up with when the plane takes off. I experienced that before. And for sure, the people who are negative about crypto or Bitcoin will buy it when the bull run comes. Many people will buy it, but the price is expensive for sure. If you don't want to follow and imitate them, it's better to do it now while there is still a chance.

I totally get where you're coming from, man. I've been there, too, and I'm not planning to repeat the same mistakes. We're more mature now, and this bull run seems like it's just around the corner. They say bull runs usually follow the halving, but what if this time it's different? What if it arrives earlier? So, I think we shouldn't waste any time here. It's like squandering an opportunity. Let's keep accumulating because that's the only way to prepare for this impending bull run.
We will never know until the halving comes. Some say it will take a few months or a year for the halving to take effect. And the upcoming halving may be different and who knows what will really going to happen. But then, I agree that the only way for everyone to prepare for the bull run is to continue accumulating right now.

Buying regularly from now on will be the way to prepare, by the time Bitcoin prices start to take off, we will no longer have to chase it, and everyone can avoid being FOMO. This kind of scenario leads so many of us to lose money in our investment, but this time should be different as we all know the things we need to do.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: ultrloa on October 23, 2023, 09:11:51 AM
I keep my wallet pretty secure and always some money invested in bitcoins for the next bull market. I have long been prepared for the bull market of Bitcoin. And I always keep some of my earnings invested in Bitcoin so that I can sell it in the next bull market and make a good profit. And I'm still investing for the next bitcoin bull market and will continue to do so until the bull market begins.
That's so nice of you that you already have secured your bitcoins. I think that the act of slowly accumulating your bitcoin by slowly buying small amounts of bitcoin is already preparing so technically every person that's buying bitcoin right now and hoarding it and waiting for the bull run are preparing but if OP is talking about a different preparation maybe emotionally then it's going to be a different story because there are some people that don't really know how they will handle their emotions when bull run happens or what they have to do when they get out of the market when their target price finally arrives.

Slowly accumulating is best way for people to do especially if they can't afford to buy in bulk since we are now in situation where many are hoping to see some green light in the market knowing that bitcoin halving is coming. This event is one of the most speculated scene at the moment and many hope that another bull run will came so for us not to miss something that can give us a profit in short month period maybe its good to take a risk and ride with the other accumulating. Also positive signs are now showing up especially that bitcoin already reached at $30k at price so provably many already got hype up for seeing that price come and who knows on December we can see it reach for $40k which is not impossible to happen. Those people still doubting might not get the best result with it since like other year where bull run came they might regret for not buying it again so lets not act the same and always look at positive about this current upcoming event.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: KingsDen on October 23, 2023, 09:27:19 AM
Quote
#Bitcoin is going to $100k here is why -
- Honda now accepts Bitcoin & Crypto Payments
- Elon Musk calls fiat currencies a S-C-A-M
- Tesla reveals none of its $312 Million Bitcoin was sold in Q3 2023.
- Ferrari now accepts Crypto payments for its Car
- Hong Kong officially launches its first Bitcoin  & Crypto trading platform.
- Less than 5% of the global population is invested in Crypto (we are soo early)
- Japan's largest investment bank Nomura launches Bitcoin fund for institutional investors
- Coinbase receives regulatory approval to offer perpetual futures to international retail customers
- Coinbase receives full operating License in Singapore
- There are Only 21 Million Bitcoins
- Bitcoin Halving in less than 180 days
- Bitcoin Supply Shock Incoming
- Bitcoin Bears still waiting for $12k
These are great news but I think that these news came too early and may never be effective when it is needed to pull the market. We had already seen the effect of Ferrari acceptance of bitcoin in the price rise, I don't think that such an announcement will have further effects on the bitcoin price unless the negative news, when Ferrari will announce that they have stopped accepting bitcoin.

The funny idea is "Bitcoin Bears still waiting for $12k". I don't wait for that price but if you knew the March 2020 crash, will $12k be seen in 2024 before a halving with some bad news to shock the market?
Everything is possible in bitcoin, but I strongly doubt the idea of bitcoin touching the region of 12k. If bitcoin goes to 12k region, a new ATH might never be achieved again. For 70k to be successful, bitcoin price need to building up little by little and not going down.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Woodie on October 23, 2023, 09:40:58 AM
Before a 2024 halving, you must make your preparation for it.

Checking your wallet. Do you still have access to your wallet?
Access to wallet ✅✅
Ready for for halving ✅✅

Making some wallet backups.
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.

If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.
Creation of Backups and ensuring that I actually have access to these coins was and is always done as the first step of creating a wallet!
And I applaud you for this information,as this is useful for users new to the crypto world as you don't want to be buying Bitcoins because of the halving only to find that you have been locked out of your wallet because you can not remember where you saved your private key or mnemonic or a character is missing that grants you access to the wallet.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Gladitorcomeback on October 23, 2023, 09:58:06 AM
It's about 185 more days till a 2024 Bitcoin halving.

lets make it more short, only 26 weeks remaining.Time is passing like a candle and we will see new thread with the topic "" 24 hours remain for btc halving ""

I don't mind about reasons for a next bull run because market will have many 'reasons' to rise during a big bull run with parabolic curve but I quote some idea in the tweet.
Quote
#Bitcoin is going to $100k here is why -
-snip


you have missed Bitcoin Spot ETF event which i think would be bigger than all you mentioned. happy to see that many big companies now accepting btc for payment which was not looking easy before 10 years. Paypal and Ferrari are very big names. both using third party service but it is just start and we will see many big news before having. halving is close which is itself a big reason for bull sign

Before a 2024 halving, you must make your preparation for it.

Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.

If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.

Very good advice and fortunately I have done all already before this thread. Indeed I stored my phrase in hard copy from the first day and never used this paraphrase to open in pc. I am 100% sure that my wallet is safe and i have enough amount of btc which I hope will give me a decent profit in upcoming bull market.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Crypt0Gore on October 23, 2023, 10:18:38 AM
I think the hype from the media is working on people starting from this month, everyone is now minding for the Bitcoin halving as the start of the next bull run, you want to hear the truth? You will be disappointed, because after the halving the price will lose the hype like always and everyone will feel like WTH?

Halving isn't the start of the bull run, not until some few months later into 2025 but yes it's safe to say that the bull market starts in the same year as the halving but not like all people are expecting.

I am used to accessing my wallet everyday, as I can't do without moving some funds here and there but I don't keep large amount of assets in the wallet, most of them are moved to my offline wallet and yes I have my keys secured, thanks for reminding us, I am fully prepared for 2024 and beyond.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Gallar on October 23, 2023, 10:20:30 AM
It's about 185 more days till a 2024 Bitcoin halving.
This means that in approximately six months the Bitcoin halving will occur. This means that now is the right time to buy the maximum amount of bitcoin. Because although no one knows for sure whether Bitcoin will experience another decline or not before the halving cycle occurs. But I personally think it's better to buy it now. Because right now Bitcoin is showing price movements that tend to rise upwards. So we must be able to make good use of this time to buy bitcoin.

Quote
#Bitcoin is going to $100k here is why -

- Honda now accepts Bitcoin & Crypto Payments
- Elon Musk calls fiat currencies a S-C-A-M
- Tesla reveals none of its $312 Million Bitcoin was sold in Q3 2023.
- Ferrari now accepts Crypto payments for its Car
- Hong Kong officially launches its first Bitcoin  & Crypto trading platform.
- Less than 5% of the global population is invested in Crypto (we are soo early)
- Japan's largest investment bank Nomura launches Bitcoin fund for institutional investors
- Coinbase receives regulatory approval to offer perpetual futures to international retail customers
- Coinbase receives full operating License in Singapore
- There are Only 21 Million Bitcoins
- Bitcoin Halving in less than 180 days
- Bitcoin Supply Shock Incoming
- Bitcoin Bears still waiting for $12k
If I look at this data, I am also increasingly convinced that Bitcoin does have a greater chance of breaking $100k. Because the data you display contains large companies (Honda, Tesla, Ferrari), large/developed countries (Hong Kong) and also one of the most influential people in the world (Elon Musk). Added to this is the limited supply of bitcoin (21 million). So it is not surprising that in the bull market that will occur after the halving, bitcoin will be able to reach a new ATH in the price range of $100K.

Before a 2024 halving, you must make your preparation for it.

Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.

If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.
Luckily, I had prepared well in advance for the Bitcoin halving and the bull market that was to come. One of them is that I personally have invested the money I have in bitcoin. I also have a price benchmark or sales target. And I have also checked the wallet where I store my bitcoins and am sure it will be safe. So basically now I just need to wait for the bitcoin halving and the bull market to come. And if I have cold money again I will definitely increase the amount of my bitcoin investment.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: rodskee on October 23, 2023, 10:24:19 AM
https://pbs.twimg.com/media/F89H-eqbsAA0ngG?format=jpg&name=900x900[/url][/center].

Before a 2024 halving, you must make your preparation for it.

Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.

I have backed my Wallets , I even checked all my details specially my recovery for assurance .
I think this is the best thing and the first important thing we need here.
Quote
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.
sorry but what is Unusable wallet?

but yes  my Back up is stored safer from anyone (except my Wife) and  I made sure that it will be safer till the next Bull market.
Quote
If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.

that is Irresponsible owning of Bitcoin and must be blame by their laziness and carelessness .


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: michellee on October 23, 2023, 12:38:46 PM
I have made preparations for the Bitcoin bull run, which we do not know when it will happen. I always check my wallet and the backup related to the wallet. Until now, everything is still safe because only I know where the wallet is.

If a Bitcoin bull run comes in 2024, I am ready and will sell at my desired price target. And if that happens, I will be very happy because it means I can make big profits. But if a Bitcoin bull run comes in 2025, I can still accumulate more.

A Bitcoin bull run may come a few months after the halving. But we really don't have any clues about this. And Bitcoin investors are ready for Bitcoin's bull run.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: BALIK on October 23, 2023, 12:44:15 PM
It's hard to keep up with when the plane takes off. I experienced that before. And for sure, the people who are negative about crypto or Bitcoin will buy it when the bull run comes. Many people will buy it, but the price is expensive for sure. If you don't want to follow and imitate them, it's better to do it now while there is still a chance.

I totally get where you're coming from, man. I've been there, too, and I'm not planning to repeat the same mistakes. We're more mature now, and this bull run seems like it's just around the corner. They say bull runs usually follow the halving, but what if this time it's different? What if it arrives earlier? So, I think we shouldn't waste any time here. It's like squandering an opportunity. Let's keep accumulating because that's the only way to prepare for this impending bull run.

Bull season coming earlier? I have also seen some such theories on twitter and if that happens then it will be really interesting and a lot of people will miss the train this time. Many investors in my area haven't even bought bitcoin or any coin yet because they are still waiting for a bigger drop. It could happen, but waiting like that is too risky because there is no guarantee that history will repeat itself in the same way.

I also thought about the scenario where we will have a bull market before the halving if the ETF is approved by the SEC, If that happens, I will be happy because I have accumulated quite a few bitcoins for myself.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Yamifoud on October 23, 2023, 12:57:00 PM
I'm done preparing for the next bull run as I have my bag full already and now just waiting for the moment to come.
Now, people have given a hype opinion and insights about halving and the impact of this on the price. I was sure that the majority were expecting a price increase because this is what we have witnessed on the previous halving. Might have seen different market situations and price trends but gonna expect the bull season to be the next after halving. I think that nobody is selling off their Bitcoin at this time, instead of accumulating.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Mpamaegbu on October 23, 2023, 01:07:41 PM
What do you think will be the new ATH, is $100k a very conservative estimate only? Or can it go  as high as $300kish....?
I think $300kish is excessively ambitious. I'm speculating anything slightly above $120k. Let's say $120k – $150k. Anything above that is a bonus but definitely I don't see it get to $300k. If that ever happens this coming bull rally, it will surely make the world go gaga and Bitcoin will expectedly have a troop of fresh admirers again like it did with the 2017 ATH.


Taking about getting ready for the next bull run, this has been said repeatedly. Those who aren't keeping Bitcoin/altcoins by the side will have themselves to blame when the rally begins properly.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: GigaBit on October 23, 2023, 01:22:38 PM
It's hard to keep up with when the plane takes off. I experienced that before. And for sure, the people who are negative about crypto or Bitcoin will buy it when the bull run comes. Many people will buy it, but the price is expensive for sure. If you don't want to follow and imitate them, it's better to do it now while there is still a chance.

I totally get where you're coming from, man. I've been there, too, and I'm not planning to repeat the same mistakes. We're more mature now, and this bull run seems like it's just around the corner. They say bull runs usually follow the halving, but what if this time it's different? What if it arrives earlier? So, I think we shouldn't waste any time here. It's like squandering an opportunity. Let's keep accumulating because that's the only way to prepare for this impending bull run.
We will never know until the halving comes. Some say it will take a few months or a year for the halving to take effect. And the upcoming halving may be different and who knows what will really going to happen. But then, I agree that the only way for everyone to prepare for the bull run is to continue accumulating right now.

Buying regularly from now on will be the way to prepare, by the time Bitcoin prices start to take off, we will no longer have to chase it, and everyone can avoid being FOMO. This kind of scenario leads so many of us to lose money in our investment, but this time should be different as we all know the things we need to do.
At present everyone is increasing their investments especially around the prospect of ETF approval. But I haven't prepared myself yet because I want to increase my holding. I believe Bitcoin may begin its peak bull run at the upcoming halving. So I will wait for that time and try to increase my portfolio. Bitcoin needs more time to reach that anticipated bull market. We may be in that expected bull market by the end of next year. However, those who want to prepare to invest in Bitcoin must complete their preparations well before the expected time. Moreover, it is a prediction that a bull market may start at any time. The current position of the market is indicating a bull market. Those with enough money should still invest in Bitcoin.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: kingvirtus09 on October 23, 2023, 01:26:27 PM
It's hard to keep up with when the plane takes off. I experienced that before. And for sure, the people who are negative about crypto or Bitcoin will buy it when the bull run comes. Many people will buy it, but the price is expensive for sure. If you don't want to follow and imitate them, it's better to do it now while there is still a chance.

I totally get where you're coming from, man. I've been there, too, and I'm not planning to repeat the same mistakes. We're more mature now, and this bull run seems like it's just around the corner. They say bull runs usually follow the halving, but what if this time it's different? What if it arrives earlier? So, I think we shouldn't waste any time here. It's like squandering an opportunity. Let's keep accumulating because that's the only way to prepare for this impending bull run.

As far as I can see, many of us have learned from the previous halvings and bull runs that if there are still people who don't want to believe, let them live their lives; after all, they are not without us. What matters is that we know that's what we're going to do, and we really don't want to be left behind again in the coming halving or bull run.

And in my opinion, the bull run will come before the halving starts, which means that as the halving gets closer and closer, the price value of Bitcoin will rise in the market, and after the halving it will continue for sure. still increasing until 2025.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: taufik123 on October 23, 2023, 01:34:11 PM
As far as I can see, many of us have learned from the previous halvings and bull runs that if there are still people who don't want to believe, let them live their lives; after all, they are not without us. What matters is that we know that's what we're going to do, and we really don't want to be left behind again in the coming halving or bull run.

And in my opinion, the bull run will come before the halving starts, which means that as the halving gets closer and closer, the price value of Bitcoin will rise in the market, and after the halving it will continue for sure. still increasing until 2025.
Many people may already know, but that's not the case now.
The problem that has not been solved is that they are not brave enough to enter because they do not have enough money reserves and some of the old investors who have never learned are too greedy by putting all their money in at the initial price and not getting cheap prices like now and of course, their mentality is quite disturbed when the price reaches the lowest point a few months ago.

and in the end, they did a stupid action by cutting losses.
That will make the loss even deeper.

I understand the current situation, we have to accumulate more, fill our bags full, and wait to take off to the moon.
The halving is approaching and 2024-2025 will be memorable years.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: GbitG on October 23, 2023, 05:43:50 PM
Taking about getting ready for the next bull run, this has been said repeatedly. Those who aren't keeping Bitcoin/altcoins by the side will have themselves to blame when the rally begins properly.
Such people have been in every bull run. Those who do not take Bitcoin seriously from the point of view of investment and later regret that we have missed the investment opportunity in Bitcoin Moreover, the movements of Bitcoin are moving according to the bull standard. In the current scenario, the way Bitcoin is moving sideways, it looks like an exact initial bull run rally. Myself and others besides me and the members also believe that bull run is mandatory after Bitcoin halving, but it should not be taken as financial advice just for educational purposes. A bull run theory after Bitcoin halving It is speculation; everyone can have their own opinion about whether there will be a bull run or not. There is no obligation that there will definitely be a bull run, or maybe not a bull run. No, and it is further said that the future cannot be predicted by looking at past history. Everyone should have an investment view according to their own research and shouldn't consider any educational opposition as personal financial advice. Invest by doing your own research because crypto is a high-volatility investment. Be aware.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Adbitco on October 23, 2023, 11:36:45 PM
What do you think will be the new ATH, is $100k a very conservative estimate only? Or can it go  as high as $300kish....?
I think $300kish is excessively ambitious. I'm speculating anything slightly above $120k. Let's say $120k – $150k. Anything above that is a bonus but definitely I don't see it get to $300k. If that ever happens this coming bull rally, it will surely make the world go gaga and Bitcoin will expectedly have a troop of fresh admirers again like it did with the 2017 ATH.


Taking about getting ready for the next bull run, this has been said repeatedly. Those who aren't keeping Bitcoin/altcoins by the side will have themselves to blame when the rally begins properly.

With the current sign and signal showed recently within 7 days of changes I won't doubt about the price you mentioned because it looks very possible with the way we are seeing the strength and the strong wave that is dragging bitcoin to that part which you just mentioned, like I was shocked to see bitcoin at the price of $32k plus when I checked my phone this night and I never knew it would run so fast. This is to show that the drumlin for 150k above has been drown meaning we would experience it, although I never predicted such price before seeing that it wasn't making any much move since it was dangling and hovering around 25k to 29k lately it then break out $32k, this shows that we may see $50k before the month of December.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: johnsaributua on October 24, 2023, 12:11:52 AM
about 6 months away it turns out for the moment that is waiting for but not for some miners maybe, being cut hurts.

New investors enter as if they are still waiting for the habit to rise high first and then assume a bear market has come to buy bitcoin and take advantage of scalping at this moment hoping to rise higher than on ordinary days like last year's halving.

If you want to hold there is nothing wrong with believing that halving will happen again, buying cheap prices today is better than when at the top of the mountain ready for correction.

I admit this is free opinion, buy bitcoin either halving or currently the same is buying and I feel if I have more funds at any time it's the right moment to buy bitcoin because it has money.hehe

The last 10 months I have noticed bitcoin has started a fairly natural recovery and the price difference at that time has gone up X2 meaning half the price from now on. signaling the trust of many people is still solid and enthusiastic.

My wallet is still good, although I keep a little in cex for my little needs I am prepared for any situation including halving and bull run that occurs.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: headingnorth on October 24, 2023, 03:50:26 AM
I started dollar cost averaging bitcoin (and only bitcoin) since early 2022 when it was in low 40K price, about a month or two before the collapse of Terra Luna.

As soon as that crazy thing happened, my strategy was to pause anymore buying and wait for the price to stop freefalling and approaching bottom, or where I thought that would be.
And I started buying back in heavily in the low 20K price. At this time I was buying  two or three times per week nonstop, almost every week.

But I paused briefly again after the collapse of FTX in early November, but only for a few days. I resumed buying later in the month.
I have been DCAing most of the way down to 16K (from 42K, with pause between 38K to 23K) and back up again to around 28K, for almost two years.

Because of DCA strategy, I have more than recovered my losses from early last year and don't intend to sell anytime soon.
Last week was my last buy just because I need to take a break and spend time with my family. I may resume DCA later.
 
But needless to say, my bags are packed!





Title: Re: Do you prepare for a Bitcoin bull run?
Post by: YUriy1991 on October 24, 2023, 04:10:17 AM
What do you think will be the new ATH, is $100k a very conservative estimate only? Or can it go  as high as $300kish....?
I think $300kish is excessively ambitious. I'm speculating anything slightly above $120k. Let's say $120k – $150k. Anything above that is a bonus but definitely I don't see it get to $300k. If that ever happens this coming bull rally, it will surely make the world go gaga and Bitcoin will expectedly have a troop of fresh admirers again like it did with the 2017 ATH.


Taking about getting ready for the next bull run, this has been said repeatedly. Those who aren't keeping Bitcoin/altcoins by the side will have themselves to blame when the rally begins properly.

That's right, Maybe @Russlenat just see at the reaction and response to the question he asked above, and what you said, if you look at today's movement it is very possible, but of course it also has to be gradual because there are many unexpected things that can happen at any time beyond reason. think about us. Well, whether Bitcoin launches a vertical rally in November later this year, I think this should be taken seriously.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Blitzboy on October 24, 2023, 06:09:29 AM
Taking about getting ready for the next bull run, this has been said repeatedly. Those who aren't keeping Bitcoin/altcoins by the side will have themselves to blame when the rally begins properly.
Such people have been in every bull run. Those who do not take Bitcoin seriously from the point of view of investment and later regret that we have missed the investment opportunity in Bitcoin Moreover, the movements of Bitcoin are moving according to the bull standard. In the current scenario, the way Bitcoin is moving sideways, it looks like an exact initial bull run rally. Myself and others besides me and the members also believe that bull run is mandatory after Bitcoin halving, but it should not be taken as financial advice just for educational purposes. A bull run theory after Bitcoin halving It is speculation; everyone can have their own opinion about whether there will be a bull run or not. There is no obligation that there will definitely be a bull run, or maybe not a bull run. No, and it is further said that the future cannot be predicted by looking at past history. Everyone should have an investment view according to their own research and shouldn't consider any educational opposition as personal financial advice. Invest by doing your own research because crypto is a high-volatility investment. Be aware.
We see them again and again. People who write off Bitcoin may eventually regret their missed opportunities. Furthermore, keep in mind that Bitcoin is entirely speculative, even though its current trajectory does resemble the start of a bull run. Not a bit more or less. Yes, there are many who adamantly support the notion that a Bitcoin halving will lead to a bull run, but isnt that also simply conjecture?

Although history can teach us valuable lessons, it cannot provide a guarantee for the future. Lets be clear: these conversations and conjectures are, at most, instructive. Not guidance on finances. Thus, if you're considering entering the cryptocurrency space, proceed cautiously. Recall that the world of cryptocurrency, with its erratic fluctuations, is not for the timid. It requires deference, prudence, and most importantly, careful investigation.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: BitcoinsGreat on October 24, 2023, 06:50:30 AM
I started dollar cost averaging bitcoin (and only bitcoin) since early 2022 when it was in low 40K price, about a month or two before the collapse of Terra Luna.

As soon as that crazy thing happened, my strategy was to pause anymore buying and wait for the price to stop freefalling and approaching bottom, or where I thought that would be.
And I started buying back in heavily in the low 20K price. At this time I was buying  two or three times per week nonstop, almost every week.

But I paused briefly again after the collapse of FTX in early November, but only for a few days. I resumed buying later in the month.
I have been DCAing most of the way down to 16K (from 42K, with pause between 38K to 23K) and back up again to around 28K, for almost two years.

Because of DCA strategy, I have more than recovered my losses from early last year and don't intend to sell anytime soon.
Last week was my last buy just because I need to take a break and spend time with my family. I may resume DCA later.
 
But needless to say, my bags are packed!



Your dollar cost average strategy is really impressive and even though the bitcoin price is as high as 42000$, but due to the continuous dollar cost average, you are still in profit. This is the strength and power of dollar cost average which most of us do not realize. DCA is one of the best techniques that can be applied in the bear market.

One thing that most people face in DCA is that they buy on every dip but soon the realise they are out of funds to invest more. Even for the DCA they should makeup plan that at which price levels they will invest more so that the average out price of Bitcoin is better. People's who haven't started accumulating Bitcoin I think these few months may be the last time we see Bitcoin near 30000 to 35000 and the last opportunity to buy cheap.



Title: Re: Do you prepare for a Bitcoin bull run?
Post by: davis196 on October 24, 2023, 06:57:25 AM
No, I'm not preparing for the bull run, because we have plenty of time. I expect the bull run to happen several months after the 2024 halving.
The current price pump to 30K isn't anything special. I'm sure that many traders will start to sell BTC and the selling pressure will push the price down. You seem pretty hyped up. I'm always a bit skeptical about bull runs and I think that being a little bit cautious and taking everything with a grain of salt is the way to go. I'm also sure that there will be several price drops before the price pump, so many newbies and many traders will start panic selling(again).
My crypto wallet is OK(I hope that it will be OK for the rest of my life  ;D).


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: headingnorth on October 24, 2023, 07:08:17 AM
I started dollar cost averaging bitcoin (and only bitcoin) since early 2022 when it was in low 40K price, about a month or two before the collapse of Terra Luna.

As soon as that crazy thing happened, my strategy was to pause anymore buying and wait for the price to stop freefalling and approaching bottom, or where I thought that would be.
And I started buying back in heavily in the low 20K price. At this time I was buying  two or three times per week nonstop, almost every week.

But I paused briefly again after the collapse of FTX in early November, but only for a few days. I resumed buying later in the month.
I have been DCAing most of the way down to 16K (from 42K, with pause between 38K to 23K) and back up again to around 28K, for almost two years.

Because of DCA strategy, I have more than recovered my losses from early last year and don't intend to sell anytime soon.
Last week was my last buy just because I need to take a break and spend time with my family. I may resume DCA later.
 
But needless to say, my bags are packed!



Your dollar cost average strategy is really impressive and even though the bitcoin price is as high as 42000$, but due to the continuous dollar cost average, you are still in profit. This is the strength and power of dollar cost average which most of us do not realize. DCA is one of the best techniques that can be applied in the bear market.

One thing that most people face in DCA is that they buy on every dip but soon the realise they are out of funds to invest more. Even for the DCA they should makeup plan that at which price levels they will invest more so that the average out price of Bitcoin is better. People's who haven't started accumulating Bitcoin I think these few months may be the last time we see Bitcoin near 30000 to 35000 and the last opportunity to buy cheap.



Thanks for your comment.

Some people ask me why I didn't sell after the Luna collapse? Because I knew that whatever happened to Luna did nothing to harm the fundamentals of bitcoin itself.

In a more perfect world, Luna should not have so much impact on the price of bitcoin, it should only impact Luna itself.
Just like some stupid tweet by Elon Musk should not cause the price of Bitcoin to drop so much.

But often when such things happen people will panic sell like irrational sheep. But I think people are starting to learn from their mistakes and in the future
won't behave so impulsively in the face of such events. The fundamentals of bitcoin has never changed, it has remained stronger than ever despite the many irrational fluctuations of the market.




Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Bitcoin_people on October 24, 2023, 07:53:05 AM
I am ready for the bull run cycle as we know we will soon see this bull in the market. We know the Bitcoin market has volatility and always the Bitcoin market fluctuates. And we have to accept what market bulls come and bears come and we are all there for that. Bitcoin is not a stable currency but its price goes up and down which is the religion of Bitcoin. As we know about crypto we should wait patiently rather than get excited when the Bitcoin bear market starts. And what if we want to make a lot of money from Bitcoin, we must plan long-term and wait until the bull market. As we have a halving year ahead, we will be waiting for the Bitcoin market bull.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: LittleBitFunny on October 24, 2023, 08:43:25 AM
No, I'm not preparing for the bull run, because we have plenty of time. I expect the bull run to happen several months after the 2024 halving.
The current price pump to 30K isn't anything special. I'm sure that many traders will start to sell BTC and the selling pressure will push the price down. You seem pretty hyped up. I'm always a bit skeptical about bull runs and I think that being a little bit cautious and taking everything with a grain of salt is the way to go. I'm also sure that there will be several price drops before the price pump, so many newbies and many traders will start panic selling(again).
My crypto wallet is OK(I hope that it will be OK for the rest of my life  ;D).

It is very difficult to predict anything in the future. According to history, what you say is not wrong, bitcoin will not increase in price anytime soon, we will not enter bull season soon and there will be further corrections. But what if things don't repeat themselves and we create new history? That can happen too. I remember a few weeks ago there were many predictions that bitcoin would drop to 23k-25k$ instead of increasing to 35k$ like now. But everyone knows the result, the market always goes against the majority, while people still believe that it will decline, it will most likely increase strongly.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Altryist on October 24, 2023, 09:01:02 AM
No, I'm not preparing for the bull run, because we have plenty of time. I expect the bull run to happen several months after the 2024 halving.
The current price pump to 30K isn't anything special. I'm sure that many traders will start to sell BTC and the selling pressure will push the price down. You seem pretty hyped up. I'm always a bit skeptical about bull runs and I think that being a little bit cautious and taking everything with a grain of salt is the way to go. I'm also sure that there will be several price drops before the price pump, so many newbies and many traders will start panic selling(again).
My crypto wallet is OK(I hope that it will be OK for the rest of my life  ;D).
I try not to guess when the bullrun will start, my portfolio is ready for growth, if it starts now it will be great, if it happens not now but in a few months, I also won’t be disappointed about this, because globally it won’t change anything for me .

If growth starts now, it will be a little unexpected for me, I expected growth to start in the spring of 2024, but I don’t pretend to be a great analyst and I will be glad if the bull market starts right now.  :) Bitcoin has grown very significantly and its dominance continues to grow, in this situation altcoins look very weak, perhaps this is another reason to think about the strength of Bitcoin.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Peanutswar on October 24, 2023, 10:58:11 AM
As I can, I will, we know the potential of the bitcoin there are a lot of gurus who were silent during the down of the market when its sitting around 24-28k and now imagine the price of the bitcoin trying to behold again up to 30k mark before the halving, possible it's just a mini pump before the actual halving happens, but it's not already the ATH, accumulate as many as i can and with the use of the cold wallet, I don't need to get bothered too much on the price movement, I know my plans, I know my goals. Setting a goal is a must and I stick to it.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: MarjorieZimmermanGinger on October 24, 2023, 12:21:20 PM
Before a 2024 halving, you must make your preparation for it.
There is no better preparation than being able to make purchases according to the capital you have and if this cannot be utilized then there is no point in increasing prices for those who do not take advantage of this opportunity at the right time.

Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.
I checked my wallet today and was pleasantly surprised to see that the confirmed dollar value estimate to our currency had increased tremendously. Even though the current Bitcoin price position is still around $30k, it makes me very excited to wait for the next halving for my investment. This has been awaited for so long and everyone will surely hope to make huge profits in the upcoming halving.

If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.
Not only bad but quite ridiculous and stupid, losing access to the wallet is a mistake made by the individual because they did not save the seed phrase correctly when creating the wallet. One mistake can lead someone to unnecessary losses and we should not let that happen to us and always be careful when using a wallet to store bitcoins.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: n00ber on October 24, 2023, 12:40:22 PM
No, I'm not preparing for the bull run, because we have plenty of time. I expect the bull run to happen several months after the 2024 halving.
The current price pump to 30K isn't anything special. I'm sure that many traders will start to sell BTC and the selling pressure will push the price down. You seem pretty hyped up. I'm always a bit skeptical about bull runs and I think that being a little bit cautious and taking everything with a grain of salt is the way to go. I'm also sure that there will be several price drops before the price pump, so many newbies and many traders will start panic selling(again).
My crypto wallet is OK(I hope that it will be OK for the rest of my life  ;D).
I try not to guess when the bullrun will start, my portfolio is ready for growth, if it starts now it will be great, if it happens not now but in a few months, I also won’t be disappointed about this, because globally it won’t change anything for me .

If growth starts now, it will be a little unexpected for me, I expected growth to start in the spring of 2024, but I don’t pretend to be a great analyst and I will be glad if the bull market starts right now.  :) Bitcoin has grown very significantly and its dominance continues to grow, in this situation altcoins look very weak, perhaps this is another reason to think about the strength of Bitcoin.

I bet that if bitcoin goes up from now on and we officially enter bull season, many people will feel regretful because many are still too dependent and believe that history will repeat itself. Many people are not prepared for an unexpected scenario when ETFs are making the market more exciting than ever. I also predict many more price drops until the halving or bull season, but for now ETF news is on the rise. I have also prepared myself for a scenario where we will have a bullish season before the halving. It will be very interesting.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: kingvirtus09 on October 24, 2023, 12:49:41 PM
I started dollar cost averaging bitcoin (and only bitcoin) since early 2022 when it was in low 40K price, about a month or two before the collapse of Terra Luna.

As soon as that crazy thing happened, my strategy was to pause anymore buying and wait for the price to stop freefalling and approaching bottom, or where I thought that would be.
And I started buying back in heavily in the low 20K price. At this time I was buying  two or three times per week nonstop, almost every week.

But I paused briefly again after the collapse of FTX in early November, but only for a few days. I resumed buying later in the month.
I have been DCAing most of the way down to 16K (from 42K, with pause between 38K to 23K) and back up again to around 28K, for almost two years.

Because of DCA strategy, I have more than recovered my losses from early last year and don't intend to sell anytime soon.
Last week was my last buy just because I need to take a break and spend time with my family. I may resume DCA later.
 
But needless to say, my bags are packed!





You are doing a good job with DCA methods; it looks like you are accumulating a lot of crypto assets. You are probably one of the millionaires here in the crypto space when the halving and bull run come.

Just keep doing what you're doing, and a lot of us do DCA at times like this because most of the people here in the crypto space community are really preparing for this bull season thing. This is not the time to actually sell our holdings.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: jasonjm on October 24, 2023, 02:32:05 PM
I think everyone should prepare for the bull run. Although the exact time of the pump can not be predicted, one can estimate the approximate time frame. The chances are that the bull run will be in late 2024 and early 2025, but you have to be prepared well before this time period. From preparation, I mean, accumulate more and more Bitcoin or other potential alts before 2024 halving. When you buy the dip, you will be fully prepared for whenever the bull run starts. DCA is a very good approach for a retail investor at the moment.
I am of the opinion that there will be a dip in the coming months, and we will see $20k for the last time.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Bitcoinpoly on October 24, 2023, 04:12:56 PM
It's about 185 more days till a 2024 Bitcoin halving.

Bitcoin Block Reward Halving Countdown (https://www.bitcoinblockhalf.com/) gives you an estimation and it is not completely correct but you can use its estimated date for the halving. It's not important to know when is a halving date because knowing the halving block is enough.

It will happen at the block 840000.

Quote
Past halving event dates

The first halving event occurred on the 28th of November, 2012 (UTC) at block height 210,000
The second halving event occurred on the 9th of July, 2016 (UTC) at block height 420,000
The third halving event occurred on the 11th of May, 2020 (UTC) at block height 630,000

A chart that breaks down Bitcoin history price to past halving cycles (4-year cycles).
https://pbs.twimg.com/media/F84CvIpa8AAIJy9?format=jpg&name=900x900 (https://twitter.com/thescalpingpro/status/1715345741890339208)
I don't mind about reasons for a next bull run because market will have many 'reasons' to rise during a big bull run with parabolic curve but I quote some idea in the tweet.
Quote
#Bitcoin is going to $100k here is why -

- Honda now accepts Bitcoin & Crypto Payments
- Elon Musk calls fiat currencies a S-C-A-M
- Tesla reveals none of its $312 Million Bitcoin was sold in Q3 2023.
- Ferrari now accepts Crypto payments for its Car
- Hong Kong officially launches its first Bitcoin  & Crypto trading platform.
- Less than 5% of the global population is invested in Crypto (we are soo early)
- Japan's largest investment bank Nomura launches Bitcoin fund for institutional investors
- Coinbase receives regulatory approval to offer perpetual futures to international retail customers
- Coinbase receives full operating License in Singapore
- There are Only 21 Million Bitcoins
- Bitcoin Halving in less than 180 days
- Bitcoin Supply Shock Incoming
- Bitcoin Bears still waiting for $12k

The funny idea is "Bitcoin Bears still waiting for $12k". I don't wait for that price but if you knew the March 2020 crash, will $12k be seen in 2024 before a halving with some bad news to shock the market?

Don't exclude that risk and don't use leverage to Long Bitcoin because if you use leverage, open a Long position, you will be forced liquidated in such crash.

Will this time be different when Bitcoin broke $30,000 resistance? Let's see.
https://pbs.twimg.com/media/F8-1vhHawAAOpLP?format=png&name=900x900 (https://twitter.com/thescalpingpro/status/1715790020127367647)

That Bitcoin Bull wants to see a big bull run as soon as possible but I don't expect too early bull run this year. He even tried to borrow something in textbook (Bump & Run Reversal Bottom pattern) to convince us that a bull run is very closely to start.
https://pbs.twimg.com/media/F89H-eqbsAA0ngG?format=jpg&name=900x900 (https://twitter.com/thescalpingpro/status/1715707003316633642)
.

Before a 2024 halving, you must make your preparation for it.

Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.

If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.

Probably the bull we’re expecting is already here. Let’s just hope we can use this moment smartly.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: tjtonmoy on October 24, 2023, 07:15:22 PM
I have transferred all my assets in a different new wallet to keep it more secure. I am using electrum Bitcoin wallet for storing my bitcoins. I have freshly installed windows and then air gapped the computer. I have some methods of keeping my phrase key safe. It has been backed up in multiple places where only I can access them. I am still doing DCA though. I'm not that much advance in trading but looking at the market condition right now it could be a great chance for people who are capable of trading flawlessly.

I may struggle a bit during the bull run because I may not be able to predict the top and book the best profit. But I have a plan for that too. I will sell in multiple stages so that my profit could be averaged. That way I won't regret my decision of selling.

I still have more things to do and improve before the Bull run begins. But preparation that I have still good enough for me.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Sophokles on October 24, 2023, 07:21:25 PM
I am of the opinion that there will be a dip in the coming months, and we will see $20k for the last time.

Are you sure about the coming month? I agree with the fact that there is still the possibility of another crash towards 20k but this won't be this year i think. Such crashes usually happen before the halving to shake the market and push out the last remaining long term holders and the new investor who takes entry by thinking there won't be more crashes. You are right about the dip but not the time.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Kelward on October 24, 2023, 08:16:10 PM
Up to this time everything regarding how the impact of bull run will be after the halving is all predictions until it happens, nobody really knows how high the price of bitcoin will go.  But one thing that we have control over is how we prepare for it, so this is the perfect time to start accumulating bitcoin. Even if the expected ATH does not reach our expectations, at least we're still sure that bull run is coming after halving. The most important thing for now still remains to be accumulating bitcoin, and making sure that we still have total control of our wallets, as the OP has emphasized.

I'm also happy that the adoption of bitcoin is increasing with it's acceptance by established firms and countries. This will accelerate the demand for ibitcoin and the effect will be price increase that will further drive the bull run.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: BitcoinsGreat on October 24, 2023, 08:35:31 PM
Some people ask me why I didn't sell after the Luna collapse? Because I knew that whatever happened to Luna did nothing to harm the fundamentals of bitcoin itself.

In a more perfect world, Luna should not have so much impact on the price of bitcoin, it should only impact Luna itself.
Just like some stupid tweet by Elon Musk should not cause the price of Bitcoin to drop so much.


If any exchange is bankrupt or suspended like FTX or any algorithmic coins crash like Luna, it may have a temporary impact on the market and the price of bitcoin may dump for little time but eventually, it will recover. If anyone is holding Bitcoin for long term, he should be clear in this vision and these crashes should not be a reason to dump the Bitcoins.

I understand that the crash is so brutal and sometimes the human emotions may force us to sell everything thinking this may be the end of the market, but only if we have faith in bitcoin, we shall find these times as an opportunity to buy more instead of selling. I will not say that we should be optimistic about any altcoins but for the bitcoin, we know it always recovers.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Out of mind on October 25, 2023, 06:58:16 AM
However, we are here to see where the Bitcoin market is preparing for a bull market. We know that the Bitcoin bull market is coming soon, and we can expect the price of Bitcoin to be above $1m.  Since the Bitcoin halving is approaching, the price of Bitcoin will increase, we know that the price of Bitcoin starts to increase after the halving. When the Bitcoin market hits a high, essentially a bull market begins, and we wait almost four years for that time. Four years later, the Bitcoin market underwent a major shift, and Bitcoin's price reached new record highs. And since we have a massive halving event in 2024, Bitcoin will then continue to grow slowly. And the 2025 Bitcoin price will soar in the fourth bull market, just as we saw it last year.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: wallet4bitcoin on October 25, 2023, 07:16:06 AM
Preparing for a Bitcoin bullrun is very necessary. Often times, people think the bullrun is the best time to get into crypto, the truth is, the bearish season makes available multiple rooms for opportunities for those who knows how the space functions. Imagine a coin at $1000 at bullrun and then bearish season avails you the opportunity of buying that same coin at $200, thats an 80% decline in price.

Whoever buys it at $1000 will wait for the next bullrun and pray for it to be more than the previous before he can breakeven on profits but once it move to $201 from the $200 floor, he who bought at $200 is already in profit. Preparing for the bullrun is as important as investing is.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: wallet4bitcoin on October 25, 2023, 07:22:19 AM
Preparing for a Bitcoin bullrun is very necessary. Often times, people think the bullrun is the best time to get into crypto, the truth is, the bearish season makes available multiple rooms for opportunities for those who knows how the space functions. Imagine a coin at $1000 at bullrun and then bearish season avails you the opportunity of buying that same coin at $200, thats an 80% decline in price.

Whoever buys it at $1000 will wait for the next bullrun and pray for it to be more than the previous before he can breakeven on profits but once it move to $201 from the $200 floor, he who bought at $200 is already in profit. Preparing for the bullrun is as important as investing is.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: posi on October 25, 2023, 12:53:24 PM
However, we are here to see where the Bitcoin market is preparing for a bull market. We know that the Bitcoin bull market is coming soon, and we can expect the price of Bitcoin to be above $1m.  Since the Bitcoin halving is approaching, the price of Bitcoin will increase, we know that the price of Bitcoin starts to increase after the halving. When the Bitcoin market hits a high, essentially a bull market begins, and we wait almost four years for that time. Four years later, the Bitcoin market underwent a major shift, and Bitcoin's price reached new record highs. And since we have a massive halving event in 2024, Bitcoin will then continue to grow slowly. And the 2025 Bitcoin price will soar in the fourth bull market, just as we saw it last year.

Do you mean bitcoin will hit $1 million by the next bull season? Are you serious about your prediction? Since none of us made that prediction, we just expect bitcoin to reach $100k in the upcoming bull season.

Historically, bitcoin has always grown and reached ATH after halving, but that doesn't mean things will repeat, it's all just our prediction. We can be optimistic but not subjective. What will you do if there is no bull season after the halving? Do you have a plan for that yet? I won't rule out that possibility because anything can happen, I won't be subjective.


Title: Re: Do you prepare for a Bitcoin bull run?
Post by: Gaza13 on October 25, 2023, 01:28:02 PM
Even for the DCA they should makeup plan that at which price levels they will invest more so that the average out price of Bitcoin is better. People's who haven't started accumulating Bitcoin I think these few months may be the last time we see Bitcoin near 30000 to 35000 and the last opportunity to buy cheap.
I think determining or planning the price level we want is really difficult for us to get, we can't speculate and read the market share when exactly the price falls. Yes, for the past few days BTC has increased, for me I will continue to buy with the Dca technique , even though the btc I bought was much smaller than yesterday's $28,000, this dca determines the average price I have for each accumulation, I will continue to hold on until the halving arrives and makes a new Ath of bitcoin.