My investments ahead of the 2024 halving 100% Bitcoin

[Sayeds56]

That's good mate, you have a clear plans ahead on where and when you are going to invest your money. For me, I will start accumulating fiat that I will soon trade to bitcoin as well, I need to make all things to get more bitcoin before halving. We all know the effect of halving. If there's other coin that I want to invest as well will be eth and bnb.

I still have not seen convincing evidence that halving affects the price of bitcoin, there are many discussions about this, but there is still no clear answer. Bitcoin was worth buying throughout 2022, it’s not too late to start doing it now either, but what if we have already entered the bull market phase?

Growth always starts unexpectedly, and what we see now may well be the beginning of growth. The move from 17k to 21k was very fast, maybe many who were waiting for a further drop and didn't buy are still waiting now and not buying, but they may miss out on a good price and will buying even more expensive.

According to economic principle of supply and demand, the price of any asset or commodity should increase with decease in supply. As the supply of Bitcoin decreases due to less block reward with every halving, which leads to decease of Bitcoin supply in the market, the price of Bitcoin should increase, assuming demand remains same of goes up. however, in case the market is in downtrend, the outcome may not be so positive.

[aoluain]

That's good mate, you have a clear plans ahead on where and when you are going to invest your money. For me, I will start accumulating fiat that I will soon trade to bitcoin as well, I need to make all things to get more bitcoin before halving. We all know the effect of halving. If there's other coin that I want to invest as well will be eth and bnb.

I still have not seen convincing evidence that halving affects the price of bitcoin, there are many discussions about this, but there is still no clear answer. Bitcoin was worth buying throughout 2022, it’s not too late to start doing it now either, but what if we have already entered the bull market phase?

Growth always starts unexpectedly, and what we see now may well be the beginning of growth. The move from 17k to 21k was very fast, maybe many who were waiting for a further drop and didn't buy are still waiting now and not buying, but they may miss out on a good price and will buying even more expensive.

The halving is part of a cycle, it's the start of a new cycle actually and the markets do react
to the event, peaking about 12 months after the event. It's never too late to buy Bitcoin.

I have no problem with bitcoin maximalists which is a good thing because you don't need to worry too much about your portfolio. But if you say that all altcoins are not worth investing in, then I don't think so, I'm not talking about the top 10 or 100 here, because investing in altcoins, there are many factors to conclude whether it is a project to invest in or not. I will only talk about ETH, it is also an altcoin, and it has been with bitcoin at the top of the market for many years. So I don't think all altcoins are hype and scheme.

Top 10 by market cap doesn't matter because you have things like XRP there that's a total scam with large premine made by a former founder of scam exchange Mt. Gox.
XRP is also a security and the US agencies are after them. Sooner or later they'll be in trouble.

I don't understand why so many people still invest in scam cryptocurrencies in 2023 just because their market cap is high.

Personally I still have some ETH that I bought in 2019 for less than $200 so I don't feel the need to get rid of it. Apart from that I only have bitcoin.

in the promise or hope they will score a 100x return.

The "Top 10" in Coinmarketcap is absolutely no marker for investing in scam tokens.
I can name some former "Top 10" tokens which everyone once raved about and where
are they now? heading for #100 and beyond.


To respond to the OP, I am 100% all in on Bitcoin, I have no other investments. But my
backing of Bitcoin is not aimed at the 2024 halving or even the one after, it's longer term.

[sana54210]

According to economic principle of supply and demand, the price of any asset or commodity should increase with decease in supply. As the supply of Bitcoin decreases due to less block reward with every halving, which leads to decease of Bitcoin supply in the market, the price of Bitcoin should increase, assuming demand remains same of goes up. however, in case the market is in downtrend, the outcome may not be so positive.

I would guess there is an attention and hype regarding this as well. We are no longer in a world where it's easy to just put supply/demand on a scale and make it work. For example, supply could go low, and demand could go away completely just because of this instead.

Let's say I buy ALL bitcoins in the world, making a lot of people very rich because price would go up a lot, tens of millions of dollars per bitcoin, but I did it, after that? Would you all still be interested in bitcoin that is owned by just a single person? The supply dropped significantly and yet demand is no longer there in that case. This is why it's an important topic to keep following how much the demand is there, and ignore supply.

[wxa7115]

According to economic principle of supply and demand, the price of any asset or commodity should increase with decease in supply. As the supply of Bitcoin decreases due to less block reward with every halving, which leads to decease of Bitcoin supply in the market, the price of Bitcoin should increase, assuming demand remains same of goes up. however, in case the market is in downtrend, the outcome may not be so positive.

Both the supply and demand are necessary to determine the value of anything, which is why both of those terms are often brought together and not on their own.

If there is no demand then even if the supply of an asset is very low then its value will be close to zero, and example of this are NFTs, however if the demand is high but the supply is also very high then the value of the asset will be low as well, with dogecoin been a good example of this as it does no matter how high is its demand the value of each individual dogecoin will always remain low due to its massive supply.

[kro55]

That's good mate, you have a clear plans ahead on where and when you are going to invest your money. For me, I will start accumulating fiat that I will soon trade to bitcoin as well, I need to make all things to get more bitcoin before halving. We all know the effect of halving. If there's other coin that I want to invest as well will be eth and bnb.

I still have not seen convincing evidence that halving affects the price of bitcoin, there are many discussions about this, but there is still no clear answer. Bitcoin was worth buying throughout 2022, it’s not too late to start doing it now either, but what if we have already entered the bull market phase?

Growth always starts unexpectedly, and what we see now may well be the beginning of growth. The move from 17k to 21k was very fast, maybe many who were waiting for a further drop and didn't buy are still waiting now and not buying, but they may miss out on a good price and will buying even more expensive.

In previous halvings, bitcoin both rallied and hit ATH later, that won't happen immediately but maybe after a while, so a lot of people are expecting history to repeat itself. Bitcoin unexpectedly rallied but didn't show it as a sign of a bull season, it's not uncommon for bitcoin to have several rallies during the bear market. But if anyone continues to wait and not buy in 2022 and now, it is really a pity because bitcoin will increase or decrease. No one can predict.

[Sebas.tian]

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

Good to hear that from you OP, I think many newbies will like to make a good choice in this season to invest huge amount of money on Bitcoin than investing in altcoin alone in the community. Bitcoin still remain the king among other cryptocurrencies which is part of some of the advantage that will make both old traders and new traders to embrace Bitcoin in this season to have access to a good future. Right from time, I never doubted Bitcoin, that's why I always made Bitcoin my first choice in the area of investment, and I always achieved a good results at the end of the investment.

[rby]

Many people have different sentiment and different reasoning about their portfolio and investment. Many people go for altcoins. Sometimes they can be lucky and make x20 or above and sometimes they are unlucky and lose. If you are not ready for the drama, simply remain with bitcoin. Op if the 90% you said is in bitcoin is the 90% of all your money, you are so wrong. Don't invest more than you can afford to lose.

[DaNNy001]

Many people have different sentiment and different reasoning about their portfolio and investment. Many people go for altcoins. Sometimes they can be lucky and make x20 or above and sometimes they are unlucky and lose. If you are not ready for the drama, simply remain with bitcoin. Op if the 90% you said is in bitcoin is the 90% of all your money, you are so wrong. Don't invest more than you can afford to lose.

I certainly am not ready to take the chances with investing in any altcoin thats why am sticking and going with my bitcoin investments. The trending story that have going on with so many altcoin has given me an awareness that i can lose when investing in altcoin. I think investing in any coin depends on how you feel about the coins, i will certainly not put my money on something am not Ok with. And I Dont invest what I Dont have so i won't be affected by my investment. Many people even go as far as borrowing money to make an investment which i think is very wrong.