My investments ahead of the 2024 halving 100% Bitcoin

[Hyphen(-)]

I have some friend who always try to convince me to buy some altcoins that they claim to be good and will give 10x profit at any opportunity, but I am not convince due to centralization of most of the altcoins.

There are friends like that who are used to shitcoins and did not have too much faith in Bitcoin because they believe it cannot give them as much profit as some shitcoins do when the market is fully stable, they don't know the risk involved in investing in a project that is centralized and has more than one owner, which means that the team may have misunderstandings, resulting in the project collapsing completely, resulting in a loss of total investment

So I can say that my portfolio is made up of 90% BTC and the remaining 10% as savings in case there will be further opportunity to buy BTC at a discount price.

That's a very good one OP, the 10% will be as a reserve in case if there is another opportunity of buying at a lower price.

[crwth]

Everyone here in Bitcointalk would say that their portfolio has BTC, or most of it is in BTC. It makes sense because many of us here are earning BTC with the signature campaigns, and you could manage to achieve it all and not make any vast investing decisions in other coins to prevent losses. I think accumulating is the key, and ensure you are only trying to spend it if you need it.

[Ojima-ojo]

Is the bock reward halving going to have any impact this time? On all the previous occasions, there were big spikes starting from a few months before the halving event, but I am more skeptical this time. The impact on halving will be more moderate this time, as the mining reward is already down to BTC899 per day now. After the next round of halving, the mining reward will be further lessened to BTC450 per day. This represents only a tiny fraction of the daily Bitcoin transaction volumes. So I am not sure whether a lot of movement will take place in the market solely because of this event. But then, history says something else:

You made a valid observation here say halving alone becomes the agent of the bull run when the block rewards get lower by the events, but quite a good number of speculators believe there is a mechanism attached to bitcoin halving that triggers bull market after the events.

But with the available chats, and recorded data it may take some months after the halving before any significant bull market can break the last all-time Bitcoin record.

[skarais]

But with the available chats, and recorded data it may take some months after the halving before any significant bull market can break the last all-time Bitcoin record.

I don't expect a very significant increase in the short term towards the halving, but I would tend to expect a normal increase driven by increased demand. FOMO will probably play a part in terms of increased demand, but I'm sure some different thoughts would make for an interesting discussion.

I just really believe that the ATH cycle will repeat itself and it will be even bigger than last year.
But we need really strong triggers where the possibility of halving is one of them. Right now most people are waiting and probably have been accumulating bitcoins gradually, it will definitely be useful later.

[boyptc]

That's much better than those that have 99% of altcoins thinking that all of them will fly high when the bull run comes. As you've said, no one is aware when the bull run will start and we also don't know what are the particular altcoins that will pump during that time.

Yes, many of them will but we don't know if those altcoins that are part of their portfolios will also go up.

Not everyone is with 99% of altcoins in their portfolio. But there are many altcoins has good potential and value, but most of them are scams. You sound like all the altcoin holders are stupid, but when you buy really deep of a potential altcoin it can give you much profit when the price goes up.

Also, don't invest your money in crypto for thinking of flying high in a short period of time. 

Yeah, it's given that not all have that percentage but I've seen people that have ignored bitcoin and mainly focused on altcoins because of what they've seen in the market.

And that's all about pumping altcoins and making those early holders rich and to think that it could happen to them, they've forgotten the importance of holding bitcoin.

[Leviathan.007]

As most of us here are already aware that the bitcoin halving cycle always bring with it an opportunity for another Bitcoin all time high price, even though we can not predict when the exact time for this AHT will be but we are certain it will come.

At the moment I am I am intense face of portfolio accumulation and I will like to share them with some newbies who may be confused on how to prepare for the expected time and what their portfolio should look like.

This thread is not for speculation, but a personal contribution and suggestion as motivated by my personal decision against the next halving and I will share them with any one that like to read through the thread and also consider the comments of others that will go inline with your personal convictions.


What my portfolio consist of ahead of 2024 halving

To be sincere with you guys, I never give any thought for. Altcoin and as a newbie I have always been all in for bitcoin and I am very vocal about that, I have some friend who always try to convince me to buy some altcoins that they claim to be good and will give 10x profit at any opportunity, but I am not convince due to centralization of most of the altcoins.
So I can say that my portfolio is made up of 90% BTC and the remaining 10% as savings in case there will be further opportunity to buy BTC at a discount price.

So at this point I am all into BTC and nothing more.

If you ask me, I personally would not go all in for any asset, even for bitcoin and even if I believe in bitcoin still I think going all in is not a wise move to do for anyone in any situation, however from what we can see on the history of the price of bitcoin and based on many charts especially the rainbow chart, bitcoin can be a good investment option to buy before each halving and because before each halving we usually have a bear phase and during this phase, you can buy and hold until the rising of bitcoin after the halving.

[stadus]

I have some friend who always try to convince me to buy some altcoins that they claim to be good and will give 10x profit at any opportunity, but I am not convince due to centralization of most of the altcoins.

There are friends like that who are used to shitcoins and did not have too much faith in Bitcoin because they believe it cannot give them as much profit as some shitcoins do when the market is fully stable, they don't know the risk involved in investing in a project that is centralized and has more than one owner, which means that the team may have misunderstandings, resulting in the project collapsing completely, resulting in a loss of total investment

So I can say that my portfolio is made up of 90% BTC and the remaining 10% as savings in case there will be further opportunity to buy BTC at a discount price.

That's a very good one OP, the 10% will be as a reserve in case if there is another opportunity of buying at a lower price.

We cannot really blame them as maybe they already had reap some fruits of their labor in the last hype train, that's why they are aiming more to accumulate and wait for the next hype train to come. I just do hope that these kind of people do know the risks they are into because shitcoins are very unpredictable as most of them are usually controlled by crypto whales who will manipulate the market in any given time for their own gains.

But as for me, it's still best to hold BTC and other leading competitive altcoins. Risks are somehow reduced because these whales don't have the power to manipulate it.

[pooya87]

I have always said that you should not even think about altcoins in terms of investment, they simply have no potential in the long run so when you talk about a portfolio it should contain bitcoin and other stuff that have no connection with bitcoin market and its price like gold, stocks, etc. That way you can diversify and reduce the risks while being involved in more than one asset market.

[SOKO-DEKE]

Op, you've given some excellent advise, especially for those newbies that are just entering the cryptocurrency industry. However, for individuals who are knowledgeable about cryptocurrencies and have more market experience I don't see anything wrong with he/she to invest in altcoins. When you are able to conduct further study and you discover a coin has a potential, I believe you should acquire it with a small amount of money and add it to your portfolio as a bonus.

There are friends like that who are used to shitcoins and did not have too much faith in Bitcoin because they believe it cannot give them as much profit as some shitcoins do when the market is fully stable, they don't know the risk involved in investing in a project that is centralized and has more than one owner, which means that the team may have misunderstandings, resulting in the project collapsing completely, resulting in a loss of total investment.

Those that doesn't have too much faith in bitcoin and believe in shitcoin are those kind of people who are so eager to make money in crypto at short period of time, and they are the people who follow under scam project. I was once so stupid like that before by investing my money in shitcoin because I see Bitcoin don't always pump like shitcoins, so i decided to live the coin I purchased for a year but last last it later turn to a death project, but my friends who bought Bitcoin when I bought my shitcoin are still holding it up till now but only some is that it loss value currently which i believe it will recover very soon. But never believe my shitcoin will survive again.

[Ojima-ojo]

I have always said that you should not even think about altcoins in terms of investment, they simply have no potential in the long run so when you talk about a portfolio it should contain bitcoin and other stuff that have no connection with bitcoin market and its price like gold, stocks, etc. That way you can diversify and reduce the risks while being involved in more than one asset market.

That is it, the altcoin is not a visible investment for the long term and anyone that is looking to diversify their investment shouldn't look in the direction of altcoin but real stock investment or other properties investment, not altcoin because most altcoin may never recover from their present condition even if bitcoin turn a bull face.

I don't know why some of my friends' ms believe so much in altcoins having the capacity to make them become financially wealthy with little investment, instead of channelling that energy into accumulating Bitcoin.

[Doan9269]

If you make an investment in bitcoin before the 2024 halving there's no doubt you will come out with something tangible from it, the period will be highly volatile but once you get the best pattern and strategies to buying and selling it after you might have hold for some time then it will all come in with ease on you, it's not all about just the halving event that guarantee the profit but your right positioning during that period in taking good advantage of it in making your own earnings, i support your decision and can advise on that provided the information and knowledge is being in place.

[BRINIRHA]

Investing more in Bitcoin at this time is indeed a wise enough action. Even now we see the movement of Bitcoin which is starting to show a positive trend. and the price increases slowly continue to rise. market volume is increasing. But in accumulating bitcoin we don't need to rush. we can accumulate every time there is a decrease. At least it's more convenient to do. so that our minds stay awake. and remember that we do bitcoin accumulation for the long term. so that careful calculation is needed in accumulating it. so we buy at a lower average value.

[Rengga Jati]

So at this point I am all into BTC and nothing more.

Great. Bitcoin is always the best investment especially for long term. Even though there are many altcoins promising the high oump dueing the next bulish era, but butcoin always shows its power to rise and pump every bullish era, the matter is that the Bitcoin is able to reach the target price or not. But indeed, this is really wis to put our money into Bitcoin than altcoins. I am also trying to collect more Bitcoin for the next bullish preparation. Althiugh it is small amount, no matter.

Although actually I also have some altcoins that I bought at the past, I think I will not lay much on them. Just let it be because altcoins cannot promise anything.

[Gozie51]

So I can say that my portfolio is made up of 90% BTC .

Remember shit coins are also used for other crypto market activities and not just operating like bitcoin. Some prefer to hodl other projects because they use them for trading. Having up to 90% of bitcoin is good but some altcoins can also give you some profit like staking them. Bitcoin is not staked but you can staked some altcoins and make profit from them and this is an advantage.

[Ojima-ojo]

So I can say that my portfolio is made up of 90% BTC .

Remember shit coins are also used for other crypto market activities and not just operating like bitcoin. Some prefer to hodl other projects because they use them for trading.

But to some extent, trading have nothing to do with holding since those coins that are traded are exhausted at ecery order bjt for long term base holding can be mentioned, i may be wrong any ways but to my level of understanding trading vs holding are two different things in the crypto space.

Altcoin is only good for short-term speculation and any one holding them is just gambling with the price and hopi g that something big will come out from it.

[Poker Player]

Is the bock reward halving going to have any impact this time? On all the previous occasions, there were big spikes starting from a few months before the halving event, but I am more skeptical this time. The impact on halving will be more moderate this time, as the mining reward is already down to BTC899 per day now. After the next round of halving, the mining reward will be further lessened to BTC450 per day. This represents only a tiny fraction of the daily Bitcoin transaction volumes. So I am not sure whether a lot of movement will take place in the market solely because of this event. But then, history says something else:

Often, movements in economics are not so much mathematically driven as psychologically driven. So yes, it can have an influence.

I don't hold any altcoins either and I think like poyaa87 that diversification should be done outside the cryptocurrency market, with the stock market, real state, gold and maybe something else.

I hope that at some point the altcoins market will be curbed, as we are in bear market and new ones are being created all the time while most of them are crap and are going to disappear.

[8rch7]

Actually high risk will earn high return later and Bitcoin is worth for investing but can't increasing up or faster than altcoin investment, I don't sure for next time halving Bitcoin back to higher price and earn more than 100% profitable than holding or investing in altcoin. I don't doubt with Bitcoin stable and potential break out to higher price actually when halving time coming, due Bitcoin reached up I think Altcoin will follow up and more bigger profit earn than Bitcoin investment.

I believe when halving time in 2024, Altcoin price increase up more than 300% above than Bitcoin actually can up 20% until 50% but you need waiting more than two years left before halving.

[Sithara007]

Often, movements in economics are not so much mathematically driven as psychologically driven. So yes, it can have an influence.

I don't hold any altcoins either and I think like poyaa87 that diversification should be done outside the cryptocurrency market, with the stock market, real state, gold and maybe something else.

I hope that at some point the altcoins market will be curbed, as we are in bear market and new ones are being created all the time while most of them are crap and are going to disappear.

I agree with the psychological part. Even in 2020, the real impact from halving on the demand-supply equilibrium was not very large. But the exchange rates rallied like anything. And during the previous block reward halving incident, there was a lot of hoarding by investors ahead of the event. Fortunately all of them ended up in green, as the prices went up by manytimes before and after the halving. We still have 475 days to go for the next event. The impact in market won't be visible until the early 2024, if we go with the past scenarios.

And I completely agree on the argument against alts. Diversification is not needed, because as such as the altcoins are not fundamentally different from Bitcoin. Most of the projects were implemented just to profit out from the popularity of Bitcoin. Hardly any of these projects had notable value addition in terms of technology or purpose.

[xSkylarx]

I'm also considering buying bitcoin in small amounts this year so that it can accumulate over time. I know that we can't predict another ATH, but I will be riding this roller coaster right now, whether or not it will again hit the ATH, as I was left behind in the last ATH. I'm hoping to have some extra cash this year so that I can prepare for the next bitcoin halving. There is still plenty of time to save, so my plan is to go all-in on bitcoin this time.

[Mr. Magkaisa]

As most of us here are already aware that the bitcoin halving cycle always bring with it an opportunity for another Bitcoin all time high price, even though we can not predict when the exact time for this AHT will be but we are certain it will come.

At the moment I am I am intense face of portfolio accumulation and I will like to share them with some newbies who may be confused on how to prepare for the expected time and what their portfolio should look like.

This thread is not for speculation, but a personal contribution and suggestion as motivated by my personal decision against the next halving and I will share them with any one that like to read through the thread and also consider the comments of others that will go inline with your personal convictions.


What my portfolio consist of ahead of 2024 halving

To be sincere with you guys, I never give any thought for. Altcoin and as a newbie I have always been all in for bitcoin and I am very vocal about that, I have some friend who always try to convince me to buy some altcoins that they claim to be good and will give 10x profit at any opportunity, but I am not convince due to centralization of most of the altcoins.
So I can say that my portfolio is made up of 90% BTC and the remaining 10% as savings in case there will be further opportunity to buy BTC at a discount price.

So at this point I am all into BTC and nothing more.

   -  It's your choice first and we respect everyone's opinion. That's good for you, and most people here in the crypto space believe that bitcoin is a good long-term investment apart from the good features it has because you have a lot of trust in bitcoin.

Now, if others believe in altcoins even if in our eyes it is not good, we should still respect it. Because not all altcoins are as bad as we think, like what happened with SHIB, many people did not believe in it, but when it suddenly increased, many people made a lot of money from it because they bought a lot when it was cheap.