My Preparations for BTC Halving and bull market

[gunhell16]

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.

Like you, I'm also excited, and in the few months before Bitcoin halving, I hope that before that day comes, I will have saved the exact amount I want for Bitcoin and even for other cryptocurrencies that I think will also follow with Bitcoin's value rising in the market.

It's also difficult to save in my situation with the amount of my daily expenses, so I also do proper financial management. That's why I also know that many are really expecting good things to happen in the bull run season for those who have holdings in bitcoins and other crypto assets.

So when there is a chance that the value of Bitcoin still falls, I will take the chance to buy more than hold, just like what the others are doing here in this field of crypto business.

[noormcs5]

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.

Look like you are keeping a majority of your money in anticipation that Bitcoin will dump one last time before the halving, and then you will invest your fiat money in Bitcoin and cryptocurrencies.

I understand that you are taking this step based on the history of bitcoin, Well this is a risky decision because if the history does not repeat itself and the bitcoin price does not dump to your expected levels, then you will miss the rally. It is better to start the DCA now rather than waiting for the more lower prices.

[legendbtc]

✂️✂️✂️

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.

I also don't feel too bad that we have some altcoins in our portfolio because we all know that there will be some altcoins with impressive growth, so it would be a waste to get rid of altcoins during the bull season. But I don't understand why so many people still have a grudge against altcoins, even though I know that it is riskier than bitcoin, but high risk means high profit, all proportional to each other. Bitcoin cannot be more profitable than altcoins these days.

[tjtonmoy]

I guess I am doing well in my preparation for the next bull market. The current market condition is too complicated for me to do trades. So I am just HODLING. Meanwhile, I am doing DCA every 2 weeks. I guess this is the best option you can choose in this kind of market situation. Not complicated at all. Just buy every 14 days and control my emotions and temptation to sell or buy more for a few profits while if I hodl, I can make a good profit in the long run.

I kept those in a private separate wallet same as you so that I don't interfere with that hodling amount. It's going great. Stop looking at the recent profit and loss and just focus on the future. That's all.

[Oshosondy]

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.

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.

This is good. I have many of my assets in bitcoin either. Out of the total that I have, 30% are one different exchanges. After sometimes to halving or immediately after halving, I will go 2x long and leave it for a long time. The remaining 70% are on a multisig wallet because I can not buy a hardware wallet when I have devices that I am using daily which I can use for multisig wallet. The 30% are on my noncustodial wallet for now, I will move it to exchanges when the time comes.

[Rikafip]

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.

Yeah I know that 30% of your portfolio are alts but for me that is a huge percentage, and much bigger that I ever had in altcoins (at the moment I am like 95% in BTC, maybe even higher).

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.

Some do but many don't and problem is that majority of people have is that they wait for too long to dump and then they end up being bagholders of a shitty project that will never go back to the previous all time high while that is not a problem when you all in bitcoin because even if you don't sell at all time high, there will be another bull run.

[Smartvirus]

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.

One of the plans any beginner can have an obviously have things play in there favor is the DCA strategy. You can hardly be wrong about this especially when you have a long term plan for your accumulations. I wouldn’t prefer we consider this whole looking at altcoins but for bitcoin in per se, it works just fine and you don’t need much knowledge to practice it. Just know how to buy and some non custodial or cold wallet storage to hodl it on.

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.

Sure you’re very much experienced so I wouldn’t say much on the major capped coins but then, I’ve even been failed by those altcoins when I felt I had a good reason to pick them. Can’t trust them one bit, especially when it dumps.

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.

Well, no bitcoin halving has come without creating a new ATH. It’s okay to hope that history would repeat itself and the market would be kind to us still.

[m2017]

~snip

As I understand it, basically all the preparation for BTC Halving is that you have drawn up some kind of action plan, like selling bitcoin for new highs only.

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.

Everything else, like buying btc (and some major cap coins as part of your portfolio) and storing it in a cold wallet, is actually hardly preparation for the BTC Halving, and is, in fact, common practice, even outside of this event.

I believe that as part of preparation (planning), the following point can be added: in what way to sell bitcoin (on which exchange or in another way), in what form to receive and withdraw profits (cash or electronic money). It's a good idea to think through these points so you're ready to act once bitcoin reaches new ATH.

[DaNNy001]

✂️✂️✂️

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.

I also don't feel too bad that we have some altcoins in our portfolio because we all know that there will be some altcoins with impressive growth, so it would be a waste to get rid of altcoins during the bull season. But I don't understand why so many people still have a grudge against altcoins, even though I know that it is riskier than bitcoin, but high risk means high profit, all proportional to each other. Bitcoin cannot be more profitable than altcoins these days.

Well you won't blame them for thinking that about altcoin considering the way the community here speaks so little about these altcoin but the truth is that not all altcoin are that bad as they do sometimes follow the uptrend during the market bull season and having a couple in your portfolio is worth risking as it will increase your profit that's if they do rise but the risk of them dumping is still there but life is all about risk so it's worth having especially ones that are a little bit reputable.

[qwertyup23]

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.

I do applaud your dedication in this kind preparation for the upcoming fork and bull run.

While it may be true that prices of BTC may increase, I still have yet to prepare my portfolio for this. I should, however, invest more in my cryptocurrencies especially on the amounts that I receive weekly from my campaign signature.

I actually somehow struggle to focus long-term as I always withdraw and use my weekly BTCs in order to convert it to my local currency. I just hope that this will give me that reality-check that I have been longing for me to save and invest my BTCs.

[Finestream]

Indeed, you have a great preparation for the upcoming bull run. And I think a lot are also doing the same thing as you do. However, the biggest challenge is when the market move sideways for a longer time. If you’re not strong enough, you will end up panic selling some of your stored coins in your portfolio. Because let’s just accept the reality that it’s much easier being said than done. When you get to experience the whole market is against on your plan, you might get into another thinking and eventually change your plan. A lot have fixed plans at the start until the condition of the market start to trigger them.

[usekevin]

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.

The bitcoin had the next halves in the 6-7 months,So this is crucial time to hold the bitcoin.Many traders will loss their bitcoin before the halves by panic selling with small profit at the minor bull runs.Such panic selling should be avoided by the traders.The bitcoin can be brought at any price,because the all time high is 68k which is very far from the current value.Their will be some decline in bitcoin price from the bear run,use the moment and back to the bitcoin family.All the bitcoin family was depend on the new all time high in the 2024.

[Ultegra134]

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.

I do applaud your dedication in this kind preparation for the upcoming fork and bull run.

While it may be true that prices of BTC may increase, I still have yet to prepare my portfolio for this. I should, however, invest more in my cryptocurrencies especially on the amounts that I receive weekly from my campaign signature.

I actually somehow struggle to focus long-term as I always withdraw and use my weekly BTCs in order to convert it to my local currency. I just hope that this will give me that reality-check that I have been longing for me to save and invest my BTCs.

I've also resorted to Bitcoin holding; more than 60% of my alleged portfolio is made up of Bitcoin, BNB, and stablecoins that I'm using to stake. The latter is a long story on how I ended up having stablecoins in my possession, but I'd prefer not to invest them anywhere else for the time being. I generally stick to signature campaign earnings regarding my Bitcoin accumulation. Personally, I'm more excited during a bear market because I'm taking advantage of the lower prices to acquire more and faster than I would during a bull market. Thus, I'm thinking of the immense capabilities of my investment a few years from now. My DCA is at about $28.000; I'd be extremely satisfied if we even reached $60.000 in the upcoming year or two, or if we simply approached the previous ATH. I'd almost triple my investment, which is insane.

[Abu-Naim]

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.

Is it too late to buy?In my opinion, the price of bitcoin is now ok to buy, as the price is still below $30,000.Some of us are still accumulating some amount of bitcoin because we don’t have the opportunity to buy it all at once. I use some of my monthly salary income to buy the little I can and keep buying until I am satisfied, but for now I am still buying and hoping the price will go down a bit before the halving.

[Kemarit]

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.

As for me and as far as experience goes, yeah it might be too late.
However, even in the bull run you can continue to grow and save Bitcoin specially right after the halving.
So I guess the name of the game is that, the earlier the better. Maybe last year if we start at the last 6 months, and then maybe invested or bought during the lowest low price of $15,500 and the continue till this year, we might have a big amount of Bitcoin in our wallet.
But I guess everyone is very different and as I have said, if you have experience the last bear market and bull run, you could have a idea when to start accumulating Bitcoin in preparation for the next bull run (how time flies, next year we will be at this cycle again).

[The Cryptovator]

Make your goal and wait until you achieve it, no matter if you need to wait for a long time. The halving isn't something to push the Bitcoin price, technically. It's just all about FOMO, and we don't know if it will work or not. But we need to stick to our target. So we can make profits. I do not fully agree with the OP because I sell when I have decent profits and buy it back in dips. That's how I have been making money from trading. But I trade very rarely because I wait for the dump and capitalise it.

[Bananington]

Make your goal and wait until you achieve it, no matter if you need to wait for a long time. The halving isn't something to push the Bitcoin price, technically. It's just all about FOMO, and we don't know if it will work or not. But we need to stick to our target. So we can make profits. I do not fully agree with the OP because I sell when I have decent profits and buy it back in dips. That's how I have been making money from trading. But I trade very rarely because I wait for the dump and capitalise it.

When I see post talking about the halving, I just conclude how deficient is is concluded on, because it is just a process to facilitate ease in the system. There's not supposed to be any fuse raised on the issue, because it must happen. The best bet has always and will be to accumulate the percentage you can afford. I wouldn't include a loss probability, but the chance of the halving being profitable in the long run is undisputable.

[serveria.com]

Waiting for the "bearish event" is not a very good strategy. I can't recall any major bearish events before previous halvings. Either the price will go up and then a correction will follow, so you'll have to buy roughly at the same price as we can see now. This dump or correction can also be very short-lived and can be easily missed. So IMHO it's much better to buy now. Most probably we'll go sideways for some time before the halving.

And yes: get rid of the shitcoins ASAP! 

[serjent05]

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.

I agree that altcoins are subject to pump and dump and the majority of them have no real-life use case at all but I do not remove the possibility of getting profit from these altcoins especially when we happen to learn its pump and dump scheme patterns.  I would also invest in altcoin but I will only put a small amount because the risk is quite huge on this kind of venture.  There is a huge possibility of losing our capital.

But for those investors that can't afford to lose his capital, I would say that better put it all into Bitcoin.

[taufik123]

Now it is quite strange to see many people selling their assets cheaply in a bear market like the current one.
Even though as you said, we must prepare everything before the bull market comes back, must prepare a strategy to start collecting Bitcoin and several altcoins that have the potential for the next increase.

The market is getting worse, of course it is a sign that many are selling in panic, we as long-term investors only need to buy it back from weak hands.
Getting at a cheaper price, whales are happy with this condition to collect their assets into more.

The storage required for long-term investment is certainly stored in a secure hardware wallet and not in a centralized Exchange, because the use of a centralized exchange for long-term storage will be at great risk, it is better to learn from previous exchange hacks or manipulations.