Pablo-wood (OP)
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September 25, 2023, 04:45:30 PM |
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We are all aware of Bitcoin halving that is predicted to happen by next year 2024. The first halving in November 2012 moved the price of bitcoin from $12 to $200 in one year. The second halving which took place in July 9, 2016, pushed the price of Bitcoin to $19,700 in one year. In the last halving in May 2020, Bitcoin’s price surged from $8,787 to nearly $69,000 in November 2021. It is usual for the price of Bitcoin to fall immediately after each bull run but the price of Bitcoin has kept appreciating above past bull runs.
During this events block rewards for miners get reduced by half as part of Bitcoin protocol design which happens every four years to manage the rate at which new Bitcoin are generated. As regards to this many predict a possible pump might accompany the next halving which is not a guarantee because the relationship between halving and price pump is really complicated.
The general assumption for so many bitcoiners is that the bull run is a time to sell and make a profit. There is nothing wrong with selling and making a profit but it is also important to have an after-the-bull run plan. The bull run shouldn't be the end of your Bitcoin investment, so there is no need to sell all your holdings. The future of Bitcoin is far beyond next year's bull run, so it is time to plan ahead of the season. I have observed that most people who make money from Bitcoin don't just have a four-year investment plan. Some of them have kept their coins for a decade which means they have a long-term plan. If you don't have an after-the-bull-run plan, you might not have the opportunity to accumulate Bitcoin that you have sold.
If we pay close attention at the market moves we will notice a few principal factor have also contributed to how price have moved during this season:
Market Sentiment: If we watch how investors perceive the market during this season and how the go about with their sentimental investment approach we see how much it significantly affect market price. While we anticipate for the next halving let's not forget The crypto market can be full of hypes and optimism, which may lead to one of two things negligence or increased buying activity and price appreciation.
Historical Precedent: From past occurrences, Bitcoin has experienced significant price rallies following previous halvings, which in itself is very logical. When the supply gets reduced more attention will be drawn to the asset which could load to higher prices but using past performance to predict future result might not be positive all the time.
Market Speculation: During this seasons we see traders and investors try to take advantage of the price movement around Bitcoin halving. Since this often leads to high speculative activities their is always chances of price volatility occurrence.
External Factors: We shouldn't also forget other external factors like regulatory development which has always been one of the key battle line for Bitcoin as well as global events, adoption trends and macroeconomic conditions.
Conclusion : It is principal to note that in as much as Bitcoin halving has the potential of creating a very conducive market structure for price increase, It is never a guarantee. We all know the market is volatile and subject to speculative and rapid fluctuations. So a long-term plan in view could be one way to approach the market so that it don't take us unawares.
Lastly in all investments and trading decisions ensure to conduct thorough research and pay more attention to the volatility of the market that could also serve as guide in what direction to take during the halving.
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philipma1957
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September 25, 2023, 09:16:02 PM |
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Many people cycle trade btc. They buy the dip and hold till they make 4x or better profit.
So if you grabbed coin at 15 or 16 k you may want to sell most of your coins at 69k and up. Then buy at the next crash.
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Egii Nna
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September 25, 2023, 09:28:19 PM |
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Op, Your thread is very educational and will help many members, especially beginners in bitcoin investment. Kudos for the remembrance and educating more and other beginners. Conclusion : It is principal to note that in as much as Bitcoin halving has the potential of creating a very conducive market structure for price increase, It is never a guarantee. We all know the market is volatile and subject to speculative and rapid fluctuations. So a long-term plan in view could be one way to approach the market so that it don't take us unawares.
In fact, holding bitcoin for a long time is the best because bitcoin is not something to invest in for a short time. That is why most people get used to this word when educating someone about bitcoin: "Invest what you can afford to lose." This sentence means a lot in the sense that if you invest the money you can afford to lose, you can also be patient and keep that money as an investment for a long period of time. Lastly in all investments and trading decisions ensure to conduct thorough research and pay more attention to the volatility of the market that could also serve as guide in what direction to take during the halving.
Actually, a wise man says, “He who asks questions will never fail.” That means if you engage in research, you will always prosper and never be a victim of failure.
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Cryptomultiplier
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September 25, 2023, 09:37:36 PM |
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After the bull run plan might come another bull run or bear run. It depends on the market trends and whale movement to get a hold of predictions that would make users be ready. As a trader, the goal is to make more profits, and one best way this is done effectively is to accumulate until a specific time and then liquidate the asset to reinvest in other potential projects.
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lombok
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September 25, 2023, 09:50:32 PM |
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It's no secret that halving is the trigger for a bull run. Less and less new BTC is being printed, automatically making the supply in circulation limited - of course if BTC users increase and many people or institutions also make purchases and this hodl causes the BTC in circulation to also increase, while many people need it. Most of the time, if they have reached the target increase of either 3x or even 6x increase in value, individual or institutional hodlers will take action to sell to take profits or even get out.
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BitDane
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September 25, 2023, 10:44:35 PM |
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Bitcoin is known to be cyclical so it is obvious that the market will go back to being bearish after the bull run. So we should think of ways on how to take advantage of this cycle. I believe selling during bull run and buying during the bear market is the simplest thing to do. Due to the cycle repeating itself, we can just rinse and repeat this procedure increasing our portfolio and profit as the cycle repeats.
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AakZaki
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September 25, 2023, 11:25:59 PM |
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Many people cycle trade btc. They buy the dip and hold till they make 4x or better profit.
So if you grabbed coin at 15 or 16 k you may want to sell most of your coins at 69k and up. Then buy at the next crash.
The scheme is always the same, but there are some people who have wrong decisions and have to be patient for the next halving period. It is a little difficult to determine how big the increase will be after the halving later. But there will be many people who hold and release after exceeding the last ATH. 2 multiples of ATH are already very large and I hope the highest price at least is that. That I did before. I totally agree with you because of my principle of profit-seeking. Try to collect as many Bitcoins as possible.
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BALIK
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September 25, 2023, 11:48:48 PM |
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Conclusion : It is principal to note that in as much as Bitcoin halving has the potential of creating a very conducive market structure for price increase, It is never a guarantee. We all know the market is volatile and subject to speculative and rapid fluctuations. So a long-term plan in view could be one way to approach the market so that it don't take us unawares.
Lastly in all investments and trading decisions ensure to conduct thorough research and pay more attention to the volatility of the market that could also serve as guide in what direction to take during the halving.
I don't know about everyone else, but I also have a plan for this scenario. Although history has shown us that after halving bitcoin will almost certainly increase in price and create a new ATH, but I also do not rule out the possibility that history will not repeat itself and we will have a new cycle. In case history doesn't repeat itself, I will certainly be disappointed but that won't make me give up on bitcoin and leave the market. In the long term, the potential of this market is still huge, so if history does not repeat itself, I will consider it a change in the bullish cycle, not the end of the market.
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tabas
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September 25, 2023, 11:52:05 PM |
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It's a good reminder to those that used to sell all Bitcoins that they have and never bought back after the bull run. I think it is understandable why they don't do that because they're satisfied with how much they've made. And there's nothing wrong if they sell all that they have during the next bull run if it's the actual peak price that they'll sell it. They can use the profit they've made to anything they wish to. Like doing another investment of putting it into real estate and other assets outside Bitcoin so, they just decide to reinvest it somewhere else and that's not a wrong move either. But as holders that has longer game plan for Bitcoin, we understand why there's a need for us to be patient and have an after bull run plan. Honestly, my plan is just very simple. If the price goes up during the next bull run and it has met my set price, I'd sell but not all. I may re-buy or not but I still have a certain quantity of Bitcoin that will be good for the long term. It may not be a lot but that's like it's gonna to sit there for years.
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hatshepsut93
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September 26, 2023, 12:05:19 AM |
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The general assumption for so many bitcoiners is that the bull run is a time to sell and make a profit. There is nothing wrong with selling and making a profit but it is also important to have an after-the-bull run plan. The bull run shouldn't be the end of your Bitcoin investment, so there is no need to sell all your holdings. The future of Bitcoin is far beyond next year's bull run, so it is time to plan ahead of the season. I have observed that most people who make money from Bitcoin don't just have a four-year investment plan. Some of them have kept their coins for a decade which means they have a long-term plan. If you don't have an after-the-bull-run plan, you might not have the opportunity to accumulate Bitcoin that you have sold.
This is what I did in the previous bull run, sold a portion of my coins and kept the other for the future. A more optimal decision would have been to sell all coins and buy back at the bottom, but I didn't want to do trading, because trading is a risk. I think there's no single best advice here what to do with bull bear cycles, because everyone has a different investment style - some want to trade more often, some want to just hold for long term, perhaps even skipping the selling during bull markets altogether.
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joniboini
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September 26, 2023, 01:03:42 AM |
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some want to just hold for long term, perhaps even skipping the selling during bull markets altogether.
I'd advise people not to do this. If my experience from two bull runs tells me anything, it is that holding your coins when the bull run is happening (especially near the end) is not a wise choice. I lose so many potential profits doing that. Sure, there is no way to exit at the perfect time, but making a plan to sell some of your cons when the bull run happens is better imo. Especially if you don't have that much capital to begin with.
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hd49728
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September 26, 2023, 01:52:07 AM |
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I'd advise people not to do this. If my experience from two bull runs tells me anything, it is that holding your coins when the bull run is happening (especially near the end) is not a wise choice. I lose so many potential profits doing that. Sure, there is no way to exit at the perfect time, but making a plan to sell some of your cons when the bull run happens is better imo. Especially if you don't have that much capital to begin with.
With Bitcoin, if you missed chances to take profit in a market cycle, a bull run, you still can have chances next times with future market cycles. I agree with you that missing a bull run is not good but I also agree with hathepsut that holding and waiting for a next bull run is not too bad. With altcoins, if you lost chances to take profit, holding them can put your capital at risk of big losses or even completely losses of your initial capital. Altcoins are very risky because they are changing quickly with a market cycle, some months or years of bear market can kill altcoin projects. They are worse than Bitcoin in surviving through bear market. How many cryptocurrencies have failed?
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GreatArkansas
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September 26, 2023, 02:10:49 AM |
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Historical Precedent: From past occurrences, Bitcoin has experienced significant price rallies following previous halvings, which in itself is very logical. When the supply gets reduced more attention will be drawn to the asset which could load to higher prices but using past performance to predict future result might not be positive all the time.
I am really expecting this. Because history is already the truth-teller, if you take a look in the past block halvings and price action of Bitcoin, you can see the pattern here, before block halving we see the price of Bitcoin rally. But I am afraid this time that we need to consider a lot of things, like external factors, volume, traders, adoption, regulatory, etc.
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Poker Player
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September 26, 2023, 02:12:42 AM |
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Many people cycle trade btc. They buy the dip and hold till they make 4x or better profit.
So if you grabbed coin at 15 or 16 k you may want to sell most of your coins at 69k and up. Then buy at the next crash.
Not a bad plan. Personally I do similar but I do not plan to sell most of the coins but much less. I simply take the opportunity to accumulate at times like this, doing DCA and when we are above 69K I will sell but until I have an amount of Bitcoin with which I am calm the plan is to continue to accumulate through the cycles. Maybe in a couple or three cycles I'll have enough Bitcoin and I'll just hold it and sell or spend some of what I have. You have to think that above $69K all the Bitcoin I have will be above the purchase price, so it is a good time to start making partial sales.
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bayu7adi
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September 26, 2023, 02:40:56 AM |
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Maybe in a couple or three cycles I'll have enough Bitcoin and I'll just hold it and sell or spend some of what I have.
Cycle? Are you referring to the cycle of Bitcoin halving? If so, it's indeed a lengthy one, spanning more than 12 years from today. Not a bad plan. Personally I do similar but I do not plan to sell most of the coins but much less. I simply take the opportunity to accumulate at times like this, doing DCA and when we are above 69K I will sell but until I have an amount of Bitcoin with which I am calm the plan is to continue to accumulate through the cycles.
I've always respected someone's principles in investing or trading, but to be realistic, it's wise to take profits when the opportunity arises. Holding onto something in hopes of a higher price is no different from being greedy. Yes, greed can often yield substantial gains, but the truth is it can't guarantee luck will always be on your side. Try setting targets, and we don't have to reach those targets in one go. It might take more time, and that's actually not a significant issue. After all, time is indeed money.
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yohananaomi
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September 26, 2023, 01:04:21 PM |
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Bitcoin is known to be cyclical so it is obvious that the market will go back to being bearish after the bull run. So we should think of ways on how to take advantage of this cycle. I believe selling during bull run and buying during the bear market is the simplest thing to do. Due to the cycle repeating itself, we can just rinse and repeat this procedure increasing our portfolio and profit as the cycle repeats.
Looking at what bitcoin has done in the past, I agree with your view that bitcoin will do it all over again. After the bull run, it will be corrected, so that if it does happen, as much as possible, we have been prepared to anticipate what will happen.The main thing, of course, is to buy when the price has been corrected according to the current situation and hold until you are sure that you have made the profit you want.I am as sure as you that this repetition will continue to be carried out continuously because past experience has proven that ATH has occurred several times.Always be able to prepare yourself when there is an opportunity to make a profit.
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Hamza2424
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September 26, 2023, 03:20:37 PM |
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Most of the traders are cyclical here, as with Bitcoin we used to divide our trading zones as accumulation, Distribution, and Profit Booking. As per the current market situation, we've got an extended span of the accumulation zone. After the Bull Run, I plan to go for a short break in the Northern Areas of my country (Pakistan) to enjoy the moments of life with what I really have.
On my list, this is the first thing I want to do, next to it after booking most of the time I will prepare for the intermediate zone of the Profit Booking and accumulation where the market does offer some dip and recovery opportunities. A new cyclical journey will start. Remember the end of the Bull run prefer profit Booking in a smart way as taking an exit from the market is not a good approach as far as with the BTC, currently, there are two sort of positions with long timeframe as 2 to 3 Halvings even more and for the very next Halving. I want to test out my decisions in this Halving for the execution of the future (Personal Finance strategy).
What this market demands efficient decision-making. So Best of Luck.
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September 26, 2023, 07:19:00 PM |
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Many people cycle trade btc. They buy the dip and hold till they make 4x or better profit.
So if you grabbed coin at 15 or 16 k you may want to sell most of your coins at 69k and up. Then buy at the next crash.
This is the exact strategy that should be implemented. Most people are just too impatient to wat through the long bear markets to see the green shoots of recovery & subsequent raging bull market. Buy during bear markets, sell some during bull markets, buy back cheaper in the next bear. It’s a simple, yet very effective strategy, it’s just most people are still incapable.
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September 26, 2023, 07:22:43 PM |
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Many people cycle trade btc. They buy the dip and hold till they make 4x or better profit.
So if you grabbed coin at 15 or 16 k you may want to sell most of your coins at 69k and up. Then buy at the next crash.
This is the exact strategy that should be implemented. Most people are just too impatient to wat through the long bear markets to see the green shoots of recovery & subsequent raging bull market. Buy during bear markets, sell some during bull markets, buy back cheaper in the next bear. It’s a simple, yet very effective strategy, it’s just most people are still incapable. I never sell Bitcoin with the intention of buying it back for cheaper to earn a profit. If I did, I likely would have missed out on thousands of percent in gains. If you believe Bitcoin will remain the best investment in human history, why trade it? Is the best investment in the world not good enough for you that you need to risk missing out on the moon shot to try and make a few extra percent?
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pixie85
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September 26, 2023, 07:49:07 PM |
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I'm a holder so the plan is to store as a backup and for future generations. If bitcoin goes into a strong bull run I'll probably sell a little to keep on going but I'm planning to hold most of it to the next cycle of 2028.
What I sell depends on the price people offer me and how much I'll be able to buy for it because everything is relative and depends on a number of conditions. If you live in a country with 50% yearly inflation and they offer you a million of your local; currency, it's like nothing, you don't want that.
If the dollar goes into 10% inflation and they offer you 100k USD in 2 years, that's again nothing because if you account for 5% inflation in 2022 and 23 and then 10% in 2024 and 25, it's going to be the same value as the last ATH when bitcoin was trading for 68000 but the dollar was worth more.
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