My Preparations for BTC Halving and bull market

[serveria.com]

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.

Not surprising, frankly. Many people are selling just to survive, pay bills etc. Overinvested waiting for the next bullrun and now forced to sell due to cost of living, energy prices going up. Something like this happened during all previous Bitcoin cycles and doesn't surprise me anymore.

[panganib999]

It's pretty common for people to jump in late, it's going to be a constant occurrence since after all, there's no end to newcomers as well as people who are not that well-informed about bitcoin. For one thing, at the very least I see this as the industry expanding even more since the influx of newcomers are a great sign that the industry is thriving, on the other hand it's a little too exhausting to tell these people how to invest lol.

At the end of the day we just have to make sure that we're not missing out, that's why investing ahead of the curve is a thing, DCA'ing, HODLing, all that stuff in the mixing pot. If you're doing that, you're already doing better than a large portion of the people in this industry. Take pride in that.

[Alpha Marine]

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.

It's always good to have a plan. Plans may not always work out but without a plan, it means you're planning to fail.
It will be more beneficial if everyone has plans that work for them. This will make it possible for us not only to use spare money to invest, but we'll have money that we've set aside for investing.

When we plan we might get to a stage where you're buying Bitcoin out of luxury because you have the money to. If we just wait to use only spare money we might never get to where we want because it's not every day we get spare money. There's always a use for money.

[Dr.Bitcoin_Strange]

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.

Everybody doesn't have the same approach or strategy for investing in Bitcoin, and not everyone will buy Bitcoin for the first time during the bull season when the price is already rising. I know that so many people are already buying Bitcoin on a DCA strategy and are also preparing for the bull market, just like you. Only an non experience or newbie Bitcoin investor would buy Bitcoin during the bull market because of FOMO which is the major drive of some investors. About two months ago, some members here created a similar topic with their accumulation plans in preparation for the bull market.

[Emmanuelex]

Good one. I am also accumulating Bitcoin, but slowly. I just have a feeling that there will be a drop in the price post-halving. I think that usually happens before the price takes off to the moon. If it does go down, I might buy heavily, and then start waiting for the main bull run to kick off.

[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.

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.

Everything has risk including bitcoin and the higher the risk the higher the return. I know many members here don't like when it comes to altcoins, for them bitcoin is like god and there is only one god. But we are here to make profit, not to argue with anyone to prove ourselves right and others wrong. Because that too cannot give us optimal returns, we need to be more open with our investments.

Bitcoin has also been criticized and despised by traditional investors like Warren Buffett or Bill Gates, but we still invest in Bitcoin. Finally, many people are smiling at bitcoin and they don't need to argue with Warren Buffett or Bill Gates, the results speak for themselves. Why don't we do that with altcoins? Criticizing altcoins shows we are just as bad and intolerant as those traditional investors. Altcoins are risky, so invest short term in them, who forces us to hold them long term like bitcoin?

[Bazzu]

there are bull markets and there are bear markets, and I like both because bull markets always provide profits, while bear markets always provide profit opportunities, because we can buy in bear markets and sell in bull markets.

if you have collected a lot of btc I want to congratulate you and wish you good luck on your investment in crypto.

and I also happen to have collected btc and altcoins in my wallet
and even now I still continue to buy btc and altcoins using the DCA system.

[Silberman]

there are bull markets and there are bear markets, and I like both because bull markets always provide profits, while bear markets always provide profit opportunities, because we can buy in bear markets and sell in bull markets.

if you have collected a lot of btc I want to congratulate you and wish you good luck on your investment in crypto.

and I also happen to have collected btc and altcoins in my wallet
and even now I still continue to buy btc and altcoins using the DCA system.

You are thinking like an investor and that is a great thing, I often see people complaining about the bear market and how their holdings are worth less than before, and I often think that such people if they do not change the way they think they will not make it far, an investor takes advantage of every opportunity they can find, bear markets are great as they allow you to buy the assets you like for a very low price, so when the bull market finally comes you can decide to sell whenever you want and make great profits anyway.

[TheSpiral]

All those who wants to make preparations for bitcoin have a favorable time to invest now. Halving duration is unknown that when it will accrue and when it will ends because exact date in not known by anyone so purchase bitcoin now as the price is lower to be afford.

100k$ will be the price to sell bitcoin as if you wait more and the price does not reach much higher as you aspect then all your efforts and wait will remain hope.
Hope for more increase is sometimes possible to move your investment in opposite direction as once the market goes down after halving then there will be more time needed to again reach the extent of 100k$ or more.

[lovesmayfamilis]

So many expectations for the growth of Bitcoin after the halving reminds me of waiting for the coming of Santa, who will suddenly make everyone rich. Has anyone ever thought that suddenly something might not go according to plan? We have never been able to accurately predict Bitcoin's next move, so why are we confident that everything will be as it was before? I also hope for the best, but follow the saying, “hope for the best, but be prepared for the worst.”

[Haunebu]

So many expectations for the growth of Bitcoin after the halving reminds me of waiting for the coming of Santa, who will suddenly make everyone rich. Has anyone ever thought that suddenly something might not go according to plan? We have never been able to accurately predict Bitcoin's next move, so why are we confident that everything will be as it was before? I also hope for the best, but follow the saying, “hope for the best, but be prepared for the worst.”

Anything is possible in the extremely volatile world of cryptocurrencies as you mentioned, but investors are usually very optimistic about BTC halving events since they tend to trigger massive bull-runs and history has proven that.

Personally, I advise investing only what you are willing to lose at the end of the day.

[noorman0]

I have been accumulating my bitcoins for more than a year now, not thinking at what price to sell them and how. The upcoming ATH is actually not my only hope of cashing out (let's assume it will happen) if my income continues to be as stable as it is now. I'd rather accumulate it, maybe for 1 more halving cycle. But I'm not sure especially if my wife contributed a reason to sell.

[Russlenat]

Putting your coins in a cold storage is good idea. No matter what happens, do not be tempted to sell everything you have if you don't want to live with regrets in the future. You have started a great plan and I hope no matter how the market behaves, even if it move sideways and does take a long time before it recovers, just stick to your goal and continue DCA while opportunities are still knocking on your door. Bitcoin halving and bull run are fast approaching, soon you will come to reap everything what you have been investing.

[bayu7adi]

Putting your coins in a cold storage is good idea. No matter what happens, do not be tempted to sell everything you have if you don't want to live with regrets in the future. You have started a great plan and I hope no matter how the market behaves, even if it move sideways and does take a long time before it recovers, just stick to your goal and continue DCA while opportunities are still knocking on your door. Bitcoin halving and bull run are fast approaching, soon you will come to reap everything what you have been investing.

Wouldn't it be wiser to set a target price to avoid getting caught up in the moment? When Bitcoin reaches a new all-time high (ATH), one should consider selling it at a specific price because previous cycles have shown that prices will drop to a certain level again. Rather than continuing to speculate and regret missing out on the bull run, it's better to place a sell order when the signs of a bull run are evident.

In previous halvings, the ATH was $69k, and with each new halving, the prices have become crazier and higher. If the next halving could make BTC reach $100k, selling it at $85k would be a safe choice, preventing greed. It's important to note that there's no guarantee that this scenario will actually occur, so make sure you don't regret it when BTC prices tend to stagnate even after a halving has taken place.

[Blitzboy]

Putting your coins in a cold storage is good idea. No matter what happens, do not be tempted to sell everything you have if you don't want to live with regrets in the future. You have started a great plan and I hope no matter how the market behaves, even if it move sideways and does take a long time before it recovers, just stick to your goal and continue DCA while opportunities are still knocking on your door. Bitcoin halving and bull run are fast approaching, soon you will come to reap everything what you have been investing.

Wouldn't it be wiser to set a target price to avoid getting caught up in the moment? When Bitcoin reaches a new all-time high (ATH), one should consider selling it at a specific price because previous cycles have shown that prices will drop to a certain level again. Rather than continuing to speculate and regret missing out on the bull run, it's better to place a sell order when the signs of a bull run are evident.

In previous halvings, the ATH was $69k, and with each new halving, the prices have become crazier and higher. If the next halving could make BTC reach $100k, selling it at $85k would be a safe choice, preventing greed. It's important to note that there's no guarantee that this scenario will actually occur, so make sure you don't regret it when BTC prices tend to stagnate even after a halving has taken place.

From a "I-don't-want-to-get-caught-in-the-crypto-race" point of view, your idea does make sense. It's like putting up a "goal post" in a football game to make sure you score, but even the best teams sometimes miss the mark. If we look back at Bitcoin's colorful, if sometimes bumpy, past, your plan might make sense. Remember when Bitcoin was just a few dollars and people sold it because they thought they had won the lottery? Oops... Also, past ATHs like $69k were important, but they were also just small parts of Bitcoin's great story. With each half, there is a new story and a new element of the unexpected. But I'm going to be critical: Putting in an order to sell at $85k? It sounds like leaving a party right when your favorite song starts to play. Just don't be the guy who says, "I could've been a crypto-millionaire!"

[fruktik]

Not surprising, frankly. Many people are selling just to survive, pay bills etc. Overinvested waiting for the next bullrun and now forced to sell due to cost of living, energy prices going up. Something like this happened during all previous Bitcoin cycles and doesn't surprise me anymore.

Today there is really nothing surprising. It seems to me that this will continue for several more months in a row. Well there are no major events on the horizon other than the acceptance of ETF contracts.
If there is no financial way out, then there is absolutely nothing left to do but sell some of the crypto coins. In my country there is definitely a situation in which prices in stores are rising much faster than wages are indexed. You have to survive somehow, and not live on this income.

[Lakai01]

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.

Yes, you actually always talk about the BTC pair and never the USD pair in altcoin valuation. And here ETH actually had no ATH in the last bull run:


Source

By the way, this also applies to many other altcoins (i.e., of course, those that existed in 2018); they were also unable to reach the old ATHs in 2020/2021. This also includes Cardano which, for example, had clearly exceeded the USD ATH from 2018/2019 with over $3, but not in the BTC pair - although Cardano came significantly closer to the ATH than Ethereum.

[KingsDen]

Bitcoin halving and bull run is not something that takes people unaware. It is something that is announced and something that trends for some years before it happens. But the irony of it is that there are people do not still enjoy the bull run despite being aware of it. This set of people believe that halving could fail to produce a bull run, they are uncertain, but when the bull run starts, they will join in the middle or towards the end.

Yet, there is another set of people who do not know what is halving and they don't care to know. They only troop into the crypto market at the apex of bull run when the wave will be very high in the social media. This set of people are the ones that are always the victim of bull run. They will not exit before the bear market will hit them hard. It is important for every member of this forum to prepare for the up coming bull run in order not to be taking unaware.

[Sanitough]

So many expectations for the growth of Bitcoin after the halving reminds me of waiting for the coming of Santa, who will suddenly make everyone rich. Has anyone ever thought that suddenly something might not go according to plan? We have never been able to accurately predict Bitcoin's next move, so why are we confident that everything will be as it was before? I also hope for the best, but follow the saying, “hope for the best, but be prepared for the worst.”

Anything is possible in the extremely volatile world of cryptocurrencies as you mentioned, but investors are usually very optimistic about BTC halving events since they tend to trigger massive bull-runs and history has proven that.

Personally, I advise investing only what you are willing to lose at the end of the day.

Bitcoin halving still cannot guarantee us that everything will end up rising. Who knows if history will never  repeat itself, and it might end up the opposite way far from our expectation. Investing in bitcoin and preparing for a bitcoin halving is always good, but we should never forget to always invest with high caution. Invest at your own risk, so that if things fall out from the original plan, you will never see yourself in a worst situation.

[Smartvirus]

Bitcoin halving and bull run is not something that takes people unaware. It is something that is announced and something that trends for some years before it happens. But the irony of it is that there are people do not still enjoy the bull run despite being aware of it. This set of people believe that halving could fail to produce a bull run, they are uncertain, but when the bull run starts, they will join in the middle or towards the end.

Talking about announced in terms of the bullrun, I suppose you don’t mean it like we have in the halving which comes with more specification on when, the dates and even time. The bullrun is just a proven scenario that plays out with the bullrun but then, it’s off point have got zero specification to it, you only get to notice it as it goes with the continued up trend and price appreciation. A time you’re asked to buy, when it’s growing but, I agree with you that some would still miss out. Those who are always expecting the coin to dump some more and even when it does, they still hope it dumps a little more and forget that, it’s a bullrun taking shape and every little drop is responder with a leap in $1000 of sats.

Some would even buy at the peak but of course, it would serve them right with the many opportunities they are letting slide by just now.