My Preparations for BTC Halving and bull market

[virasog]

As you know bitcoin halving is a few months away (first quarter 2024) and then we may have bull season in 2024/2025. We are all excited about the bull season but no one prepares for it. People start buying Bitcoin and cryptocurrencies when the bull market is in progress and the prices are already high. Some even have the fear of missing out and buy at the top of the bull market. The result is that most people lose money in bull season too.

So in order to have maximum benefits in the bull market, you should have a plan and start executing it unless it is too late.

I have already accumulated bitcoin in my portfolio (70% of my portfolio is in bitcoin) which i will not sell until we are above the all time high again. Similarly, i have bought some major cap coins and a few others low cap too which i think will perform well in the bull season.  I have been doing this for the last 3 to 4 months, buying some at every dump.

If the market dumps further, I will not panic and if I have more spare money, I may accumulate more bitcoin. I am confident that this bull season will be the best so far as it will be initiated by institutional investors.

Also, to keep my bitcoin secure and to remain calm in times of dump, I have moved my bitcoins in cold storage so I never get tempted to sell on small profits like i won't be selling on 2x profit if bitcoin reaches 50,000$. My targets are clear and will sell in parts after bitcoin reaches new highs.

[Faisal2202]

As you know bitcoin halving is a few months away (first quarter 2024) and then we may have bull season in 2024/2025. We are all excited about the bull season but no one prepares for it.,.........

Also, to keep my bitcoin secure and to remain calm in times of dump, I have moved my bitcoins in cold storage so I never get tempted to sell on small profits like i won't be selling on 2x profit if bitcoin reaches 50,000$. My targets are clear and will sell in parts after bitcoin reaches new highs.

I really liked the idea of storing funds in hardware wallets. Despite the fact that hardware wallets provide us with better security than software wallets, this unique benefit that you just mentioned is also a great one. Because most people holding funds on centralised exchanges sell quickly once they see some profits and try to book them, Even in a few of the past discussions, a member here said to me that he or she would sell his coin and at least book the profit, which would be equal to his capital investment.

I also had this mindset about selling BTC once it made a new ATH. But someone said booking profit is better, but I still have the same mindset and will sell on ATH.

I think it is better for everyone to not expose how much BTC they have accumulated because this forum is full of bad actors and they might try a series of phishing attacks, which they are already trying, but still, it is better to stay off the grid and at the same time talk about it.

My plan is almost the same as yours, but I don't have any investments in Alts because my experience with them is not good and most of them brought huge losses. So I am just ignoring them.

[LittleBitFunny]

I am confident that this bull season will be the best so far as it will be initiated by institutional investors.

I have the same belief as you, the upcoming bull season will be the best bull season we have ever had. Many people are humble just to expect bitcoin to hit $100k, and they'll sell it at that price, but for me, I want to sell it over $170k - $200k, that's my goal for bitcoin in the upcoming bull season. Of course, when bitcoin achieves such unimaginable growth, many altcoins will have crazy hype beyond our imagination. But choosing altcoins is not easy, everyone should be careful when investing in altcoins for the next bull season.

[mk4]

A lot of times, the markets move in ways we least expect it. Due to a good amount of people that are betting on the halving specifically, I think it probably won't move the way these people are expecting it to.

Either we dump hard, maybe we do a sideways chop, maybe we pump then just end up retracing. Just my guess though.

[pooya87]

The only part I don't agree with is buying altcoins and calling it a "portfolio". We all know that all these altcoins depend on bitcoin price and majority of them have absolutely no future even the bigger ones are going to get dumped in the long run. For example the biggest shitcoin called ethereum has not been capable of pumping back to its 2017 highs and has lost about half of its value over the past 6 years. That's contrary to bitcoin that is still above its previous ATH.

Besides there is a high chance that alcoins you are bagholding could get dumped when bitcoin starts rising. It happens to a lot of them since the "investors" sell their coins to go back to bitcoin market and have more liquidity trading bitcoin/fiat pairs. That always dumps altcoins.

[fruktik]

My plan is almost the same as yours, but I don't have any investments in Alts because my experience with them is not good and most of them brought huge losses. So I am just ignoring them.

In vain you treat alts like that. Here you need to be able to see the situation when it is profitable to invest in the project. For example, it could be a pre-sale moment. In this case, you will have a potential chance to make a good profit. Everything is not so clear.
I can say that you should not focus your attention only on one Bitcoin. The world of cryptocurrencies is diverse and there are many options for earning money. Yes, of course, to a greater extent it is investing and trading, but not only this is the same.

[Lakai01]

The only part I don't agree with is buying altcoins and calling it a "portfolio". We all know that all these altcoins depend on bitcoin price and majority of them have absolutely no future even the bigger ones are going to get dumped in the long run. For example the biggest shitcoin called ethereum has not been capable of pumping back to its 2017 highs and has lost about half of its value over the past 6 years. That's contrary to bitcoin that is still above its previous ATH.
-snip-

+1 from me
As an investor perspective, I always have to smile when people refer to their altcoins as a "portfolio". In my opinion, there is no asset class in which there is such a centrally driven dependency - at most the currency market until a few years ago where even a weakening dollar could depress the pairs at least in the short term, but that never lasted.

From an investor's point of view, altcoins are only suitable in the very short term for increasing the inventory of one's own bitcoins, as they definitely have the potential to achieve significantly higher percentage gains (and also regularly prove this in the bull runs). At the latest when the altcoin run cools down, however, it is appropriate to exchange back again, as can be seen here quite nicely in the loss against the ATH in the top 10 (ex. stable coins and Lidos ETH):


Source

[Stella Mese]

Collecting BTC when the market is bearish is of course a good thing, because if you collect BTC when the market is bearish of course there will be the potential for price increases.

op, you did a great job, and I also have btc ready for the btc halving and subsequent increases.
and I am also the same as you because most of my assets are BTC. op I wish you good luck in your investment and may we all benefit from investing in btc.

[HONDACD125]

As you know bitcoin halving is a few months away (first quarter 2024) and then we may have bull season in 2024/2025. We are all excited about the bull season but no one prepares for it. People start buying Bitcoin and cryptocurrencies when the bull market is in progress and the prices are already high. Some even have the fear of missing out and buy at the top of the bull market. The result is that most people lose money in bull season too.

Almost everyone who knows about the crypto currency market is well aware that after some time the bull season can begin. At this time, the prices of Bitcoin and other crypto currencies have dropped significantly. There are coins that have dropped more than 90%, but people are still not buying. I think we don't like cheap things and when the same things become expensive we start buying them. Then many blame the crypto currency market or Bitcoin that it is harmful to invest in it.

Also, to keep my bitcoin secure and to remain calm in times of dump, I have moved my bitcoins in cold storage so I never get tempted to sell on small profits like i won't be selling on 2x profit if bitcoin reaches 50,000$. My targets are clear and will sell in parts after bitcoin reaches new highs.

Of course, if one invests for the long term, he should keep his assets in cold storage. Long term investment should not be kept in exchanges. Often times the market prices rise, in which case you are not tempted to make a small profit and you keep it for long term. Like you, most investors have set their own goals for selling their assets, in order to get a good profit. You have adopted the best strategy for the next bull season which is likely to bring you good profits.

[Rikafip]

@OP I have the similar plan (minus such a big exposure to altcoins which is a serious gamble) before every bull run but when bitcoin reaches the price I am waiting, I usually sell way less than I thought I will. Let's see what happens when/if bitcoin reaches $100k and whether I sell the amount I initially planned.

For example the biggest shitcoin called ethereum has not been capable of pumping back to its 2017 highs and has lost about half of its value over the past 6 years. That's contrary to bitcoin that is still above its previous ATH.

ETH is still above its 2018 ATH (~$1400 in 2018 vs ~$1600 now) so I don't know how you came to that. Unless you meant ETH/BTC.

[EarnOnVictor]

This sounds like a good plan and most of them are part of my current plans towards the big tradition, and I've been executing them since last year. Bitcoin is a very good investment, and whether anyone likes it or not, it will not make you lose eventually but one should be careful at the striking price too so that you will not miss the opportunity of buying at lower prices.

This is why I came up with the idea of buying any amount that I could spare instead of saving it in my bank account, and as the money came in I made the plans a reality. This has actually helped me to stop wasting money on frivolities and I'm surprised at the amount I've accumulated so far.

[Poker Player]

Yeah, well, I guess I am "preparing" as well, as I keep accumulating but it's so routine that I wouldn't call it preparation.

As you know bitcoin halving is a few months away (first quarter 2024)...

According to Bitcoin Halving Countdown, it will be in the second quarter, but some other site gives it as early as March.

A lot of times, the markets move in ways we least expect it. Due to a good amount of people that are betting on the halving specifically, I think it probably won't move the way these people are expecting it to.

Either we dump hard, maybe we do a sideways chop, maybe we pump then just end up retracing. Just my guess though.

You may be right, and it should be taken into account, but I personally rule out a catastrophic scenario, such as not beating the $69K ATH. I think we will pass $100K, and then we'll see. If it's a bad cycle we'll get below that figure soon.

[Z390]

The only part I don't agree with is buying altcoins and calling it a "portfolio". We all know that all these altcoins depend on bitcoin price and majority of them have absolutely no future even the bigger ones are going to get dumped in the long run. For example the biggest shitcoin called ethereum has not been capable of pumping back to its 2017 highs and has lost about half of its value over the past 6 years. That's contrary to bitcoin that is still above its previous ATH.

Besides there is a high chance that alcoins you are bagholding could get dumped when bitcoin starts rising. It happens to a lot of them since the "investors" sell their coins to go back to bitcoin market and have more liquidity trading bitcoin/fiat pairs. That always dumps altcoins.

There is a higher chance of having more Bitcoin with the help of these so called shitcoins of yours, the goal is never to get married with these altcoins but to use their profits to gather more Bitcoin, altcoins have given me better ROI in this bear market than Bitcoin, we all have our ways with hunting altcoins, and the risk are there but worth it.

I can name over five altcoins that have 10x or more between 2022 and this 2023, The best game with altcoins is getting into them early, through Seedify for example, I mean if you have joined all the projects launch on seedify since the beginning of this bear market you should have a different story to tell about altcoins.

[virasog]

@OP I have the similar plan (minus such a big exposure to altcoins which is a serious gamble)

As i told you in my post, only 30 percent of my portfolio goes in the altcoins and the majority of them are large cap coins like Eth, XRP etc. Yes, I do include some low caps too but if you like or deny it, the altcoins do give big returns in the bull season. Yes, I know the risk that is why my exposure to each altcoin is very little so if any of the altcoin project fails, it won't have much effect on my portfolio.

Rest, I know bitcoin should be our focus and 70% of my portfolio stays in bitcoin.

[Die_empty]

If the market dumps further, I will not panic and if I have more spare money, I may accumulate more bitcoin. I am confident that this bull season will be the best so far as it will be initiated by institutional investors.

Also, to keep my bitcoin secure and to remain calm in times of dump, I have moved my bitcoins in cold storage so I never get tempted to sell on small profits like i won't be selling on 2x profit if bitcoin reaches 50,000$. My targets are clear and will sell in parts after bitcoin reaches new highs.

Having a clear plan is important in investment like bitcoin, it helps you not to follow the crowd or be moved by FUD. I also like your target because it is realistic and void of greed. My target is more than that because I also bought when the price was higher than the current price. I am also planning beyond the having because bitcoin for me is a lifetime investment.

@OP I have the similar plan (minus such a big exposure to altcoins which is a serious gamble)

As i told you in my post, only 30 percent of my portfolio goes in the altcoins and the majority of them are large cap coins like Eth, XRP etc. Yes, I do include some low caps too but if you like or deny it, the altcoins do give big returns in the bull season. Yes, I know the risk that is why my exposure to each altcoin is very little so if any of the altcoin project fails, it won't have much effect on my portfolio.

Rest, I know bitcoin should be our focus and 70% of my portfolio stays in bitcoin.

As much as you know the risk involved in keeping these altcoins and you can sustain the loss without sinking your finances, it's okay. The profits from altcoins are very attractive but the loss can be devastating. Not everyone is are high-risk taker, hence bitcoin is their only option.

[Sim_card]

This is the plan of most investors but let's not get too excited and miss out in taking profit from our investment. It is better to have a price target that when bitcoin reaches that price,you should sell because if you are waiting for the new ATH,which nobody can predict the exact price,you might end up not selling till the price of bitcoin goes bearish. This will be a sad experience for those who over planned to see bitcoin price very high before they will sell due to greed. On the other hand if the price did not reach your selling price target,there is no harm for you to continue holding till the next two bull season. I don't know if I will be tempted to sell all my bitcoin portfolio is the price reaches my target or keep some fraction.

[TheUltraElite]

Hoping for a bull market at the next halving is a good thing but we should be prepared for the bull at any time in the future. The process of halving will come at a time for sure but the selling and buying should continue on their own like always. Keep accumulating as the prices drop and do sell at a profit. The halving time is unpredictable because you never know when the bull starts and when the prices drop.

Keeping a short percentage in the altcoin group is not a bad thing either. They help balance the long term bitcoin with a short term altcoin to sell in the next bull run.

[Kaliandra]

I think for sure the majority of the forum members here are potentially collecting btc and altcoins or have already collected a lot of bitcoins and altcoins.

and indeed the BTC halving is just around the corner and many people are speculating that crypto prices will soar high in 2024 or 2025.
and honestly, I can't wait for the bull market to happen quickly because I want to quickly get profits from my investment in BTC. hopefully the btc price during the bull run is above $100k.

[bayu7adi]

I'm still keeping an eye on the market, waiting for a bearish phase before the halving event takes place. I know there are significant events expected in 2024 and 2025, but this isn't just my own plan; many people are preparing for it as well. I believe price drops before pumps often occur during events like these. I'm trying not to rush my decisions to avoid regrets. I'm also following news on Telegram channels discussing Bitcoin movements so I don't miss the moment I'm waiting for.


The time for the halving event hasn't passed yet, so it's not too late to buy Bitcoin. Right now, I'm still enjoying the market's movements.

Currently, I hold Bitcoin, but I've also set aside a substantial amount of FIAT to buy Bitcoin when the market turns bearish. So far, I've received an additional injection of FIAT funds, which has increased my FIAT assets to over 60% at the moment. I won't let the future bull run go to waste.

[KiaKia]

Is it too late already? I don't think so, it takes only a single day for Bitcoin to lose 40% of it's value and we still have few months before the next halving, That's a lot of time left and anything can still happen.

It's not too late to buy Bitcoin right now or create your own crypto portfolio, Bitcoin can still decline anytime from now and it will drag every other coins along.

What is not adding up with peoples prediction is the adoption rate, we can't compare four years back to today, because now we have ETF approval waiting and more confidence is now on crypto, don't you think it will be hard to see a bigger dump like that of the past years again? I am not saying it's impossible I am just saying there is now strong beliefs in crypto vs the past years.