Do you prepare for a Bitcoin bull run?

[Casdinyard]

I think I speak for everyone when I say we've done all the preparations we know of to get started soon as the bitcoin bull run commences. most of us here have already allocated enough money to comfortably prepare for a bull run. A lot of us here are scrambling for ways to find money to use for investments. Everyone is just that stoked for the halving and the subsequent bull run.

Well, not really. I prepare for the whole cycle. I know that the bull run will come, and then the bear market, so you have to be prepared for everything and try not to get overexcited when the price keeps going up and not to get depressed when the price goes down. DCA and a very long term view are the solution.

That's a little pedantic lol. Although I would agree, DCA will always be the way to go for better or for worse. It's just that sometimes it doesn't hurt to get a little hyped up especially when something as amazing as your investments popping off in value is afoot. I've been in this industry for years and I still get the same level of excitement as when I first saw my first ATH.

[uneng]

Before a 2024 halving, you must make your preparation for it.

Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.

If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.

These are important tips for every Bitcoin holders thinking on the next bull run. It's nearly or during bullish seasons that many scams happen by third party platforms you don't have full control over your money. So it's really a good idea to withdraw your funds to a hardware wallet while waiting BTC's price to rise. Then, once it happens you can fastly send it to an exchange and sell for profit instantly. Also, remember to not let your fiat money deposited on such platforms for too long.

[ZAINmalik75]

It's not important to know when is a halving date because knowing the halving block is enough.

It will happen at the block 840000.

Exactly, it is not important for the BTC investors especially for holders to keep track of the exact time of halving, because we know that, the ATH of BTC will not be set on the halving day, or day after, or day after day. This is unknown to us, so we all should be looking at a bull run which will start after halving and BTC will set a new ATH. Well, I don't say anything about others but I am waiting for ATH.

I don't mind about reasons for a next bull run because market will have many 'reasons' to rise during a big bull run with parabolic curve but I quote some idea in the tweet.

You definitely missed some good points that can cause the BTC price to reach $100,000 or set a new ATH, the point is, the news/factors you shared has already been done and now they cannot have any more good impact on the market, they already used up to create some hype in the market, now they are useless, we need more news and factors. and you definitely missed many bad news too, which caused the BTC price to drop to 24,900 dollars.

The funny idea is "Bitcoin Bears still waiting for $12k". I don't wait for that price but if you knew the March 2020 crash, will $12k be seen in 2024 before a halving with some bad news to shock the market?

you are totally right about it and I also have the same prediction, that BTC is far away from touching the $12k price range again maybe not even in the next bearish cycles too.

Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.

If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.

Yeah, and we should not store our holdings on CEXs the first reason is, that they are custodial wallets, and the second reason is, that if we will hold BTC on CEXs we will become greedy to see some profit when the market will go up and in that greed we might book our profit a little earlier and end up wasting our whole holding period for less profit.

This means, that the market will want us to move out of it but we have to stick in it for as long as we can and definitely have to book some profit whenever we will have the time.

[Sophokles]

Most of the investors are doing that right now. The sudden rise of the bitcoin price and positive news events point towards a great journey ahead of us. Many still believe that there will be one last correction before halving. I think they have a valid point as institutional investors will try to accumulate bitcoin cheaply if their ETF application gets approved. Saving some funds in case this happens.

[darkangel11]

It's about 185 more days till a 2024 Bitcoin halving.

According to bitcoin halving clock it's 173 days.

#Bitcoin is going to $100k here is why -

- Honda now accepts Bitcoin & Crypto Payments

It does not. Payment processors accept it, the same way you can buy an amazon gift card on bitrefill, but you can't pay in bitcoin directly on amazon and nobody spreads false rumors that amazon now accepts bitcoin.

- Elon Musk calls fiat currencies a S-C-A-M

The same Elon that claims bitcoin is bad for the environment?

- Tesla reveals none of its $312 Million Bitcoin was sold in Q3 2023.

But it sold 75% of its bitcoin holdings in Q2 2021.
It's not a big deal that a company that reduced its investment by 75% does not want to reduce it to 0.

- Ferrari now accepts Crypto payments for its Car

Using BitPay, a processor, again the same situation we had with Honda.

- Hong Kong officially launches its first Bitcoin  & Crypto trading platform.

But bitcoin remains banned in China...

I'm not going to answer each one of these, but these are not black and white statements. There's a problem with each and every one of them.
I'm always ready for a bull run, the same way I'm ready for a bear run. I keep holding during both of them

[Crypto Library]

I don't even know if I'm really prepared for the wrong run.  However, I have adopted a long term strategy rather than making large amounts of investment at once. I have adopted the strategy as much as I am making a certain amount of fund bitcoin investment every week or every month. But that doesn't mean I'm not excited about the upcoming bitcoin halving, I'm very excited about it because it's probably my first bear market after I've seen a bull market with crypto currencies. But just based on the points you quoted I don't think Bitcoin will touch 100k. Even before this, before the start of the last halving season, many speculated that bitcoin would work at 100 during the bull run of the service, but it did not happen. However, no one can guarantee the future of cryptocurrency, but it is true that this bull run is likely to touch a new all-time high price of Bitcoin.

It's about 185 more days till a 2024 Bitcoin halving.

According to bitcoin halving clock it's 173 days.

It was quite confusing to me. As far as I know, 10 minutes is estimated for one block mining, but sometimes it can be different, that is why may the counting time show different on the different websites. 

[Yatsan]

Aren’t we all? But we do have different strategy; some are just buying and holding until bullrun’s occurence and some are doing swing trades wherein they are buying in every dump of BTC value then sell during peaks which is currently around $30k to $32k. Eitherway is fine ‘coz no one guarantees when will exactly bullrun occur. As we all assume it would be after the halving so question is; would you wait knowing that there are sudden dumps whoch could be good entry points.Fact here is that as long as the market price of Bitcoin is below ATH then it would be a good position to be held until the market becomes bullish again. On my end, I’d be swinging until the price falls down to $20k (if ever) then that would be the time I will be engaging a big amount to be held for a long period of time or until the price breaks the ceiling.

[JoyMarsha]

Before a 2024 halving, you must make your preparation for it.

Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.

If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.

Yes of course, I am prepared for it(halving) and what follows it(bull run). I think, I am among the few people on crypto space who don't check on their crypto wallet now and then, all because they know that where they kept their seed phrase is safe and no need to be checking or monitoring the crypto wallet address since the halving and the bull run is by next year.

My wallet seed phrase is all back up on a piece of paper, which is kept in different areas I can't easily forget. I am patiently waiting for the year 2025, when I will pilot my seed phrase to a Metamask wallet address to have full access to my bitcoin and altcoin holdings

[The Cryptovator]

I am not sure if we can see great price movements for Bitcoin halving instantly during halving. From the past, we learned that Bitcoin pumped a few months later of halving as well. I know there is a FOMO working in our minds. For me, I assume halving could pump, but not so high. We may take advantage of the halving, but for a big pump, it would happen after a couple of months of halving. There are many ETF applications pending yet; if they get approved before halving, then there will be a chances in the biggest movements. Otherwise, I am not expecting something big. Anyway, I am ready for the halving.

[GbitG]

It's about 185 more days till a 2024 Bitcoin halving.

Man, seriously, I am very excited for Bull Run. When the halving is completed, Bitcoin will start its bull run, but only Bitcoin investors can feel the joy of seeing the market. I have prepared myself to buy for the bull run, so I have been buying a little dip for the past year, and I plan to diversify and buy more until the halving. Do I take my previous pattern and make my new all-time high again? Because of This time, the posture or sentiment of the market was not the same in terms of price movement and volatility as seen in previous bull runs. That CZ thing fits here: the future cannot be predicted by looking at past history.

So be careful in both situations so that there is no fear of losing. If BTC really started its journey towards its new ATH, then it would be reasonable to book a profit by waiting for the perfect timing of the seat belt. And if it does not run like the previous pattern, the bull run will be complete on the market. Even if it is not implemented, you should remain active and book profit in terms of a short time frame.

[jeraldskie11]

Before a 2024 halving, you must make your preparation for it.

Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.

If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.

True, it's best to check the wallet to see whether it's really safe by checking the passphrase or private key because it's useless you're waiting for the halving to happen but you lose access to your wallet. That is the first thing you must do as part of your preparation. I'm quite thrilled about the halving, and I want to buy more alts since I believe in Bitcoin's dominance. I believe that now is the best moment to invest because the prices are too low to maximize your profit. I can't wait to see the price return to the ATH again.

[virasisog]

Bitcoin halving is near, and we are expecting a bull run so why wouldn't we prepare for it?
If a person knows about Bitcoin and how it has been in the past halving's then I think they would really be ready for it to make some profit by riding the next bull run.
And it is not enough to just invest on Bitcoin we should also secure our money by putting it on a wallet that we have full control of.

[BitDane]

As much as I wanted to prepare as sole earner in the family, I can't bring myself into accumulating Bitcoin due to expenses.  Despite having a daily job, and some extra earnings from the forum campaign, my earnings is just enough to cover the expenses and payment for debt.  But I am sure that once I am done with all the debt, I am able to accumulate little by litte after the bull run take effect since we have still a year ahead before bulls dominate the Bitcoin market.

[TelolettOm]

It's about 185 more days till a 2024 Bitcoin halving.

I'm really waiting for this, I am sure not only I am, but also most people in Bitcoin.
Let's prepare this 9actually it should be from previous times.

#Bitcoin is going to $100k here is why -

I don't know whether this price will really be realized in the next bullish era. But what is certain is that I personally have or will set several price targets that Bitcoin might achieve, at least starting from last season's ATH and several other stages. This is to avoid undesirable things like before, because you had too high hopes, you actually lost the moment to take profits and ended up regretting it. However if it really was going to $100k, it would be exactly great.

If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.

Exactly, damn terrible, maybe it can only mourn a life full of regret and sadness for some people. Therefore, creating a good backup and security system is very necessary to avoid unwanted things. There's no harm in starting to cross-check and prepare it now so that tomorrow you won't be rushed.

btw, good luck on adding more Bitcoin accumulation, the more, the better.

[hatshepsut93]

Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.

This isn't an advice for the halvening, it's an advice for anyone who owns Bitcoin, regardless of the market state. Or are you suggesting that people should be careless with their backups in bear market?

The best way to prepare for the halvening is to get your finances in order, make sure that you won't get in a situation when you need to sell your coins to cover some needs, at least until the bull market will be in full swing.

[Sarah Azhari]

The funny idea is "Bitcoin Bears still waiting for $12k". I don't wait for that price but if you knew the March 2020 crash, will $12k be seen in 2024 before a halving with some bad news to shock the market?

We don't have to worry if Bitcoin has to back to $12k following the moment crash in 2020. Just hold it because the pattern price fasts back to recovery. Everyone here or the holder of Bitcoin already knows if halving will create the happy moment. So, my question is, who get the loss if everyone gets the benefits (halving)? because In the market, there are sellers and buyers, and there will definitely be losses (buyer) if there are people who get the benefits (seller). I don't know who would get it if all people in the world already knew that halving would benefit them.

Bitcoin growth has not seen a significant increase, bitcoin still uses the same people as before. if the price form to new ATH, then there must be new users or new buyer to buy what we sell after the price back at ATH 2021.

[Fundamentals Of]

Are these things really preparations for the bull run? It seems to me these things are very basic that whether what's about to come is a bull run or a bear season doesn't matter.

Making sure that you have access to your wallet, keeping a safe backup, etc aren't things that are even associated with Bitcoin's price. These are fundamental things that even newbies should be aware of and should be very careful about. All the time. Whether the price is expected to rise or not.

[Oasisman]

Well, not really. I prepare for the whole cycle. I know that the bull run will come, and then the bear market, so you have to be prepared for everything and try not to get overexcited when the price keeps going up and not to get depressed when the price goes down. DCA and a very long term view are the solution.

This has been the best strategy for me so far. Preparing for the whole cycle might sound a little too early but it would definitely allow you to maximize the opportunity of buying at the lowest possible price especially if you are DCAing religiously.
Not the kind of preparation that makes you almost FOMOing a few months before the halving because bitcoin's price is starting to climb.
I've seen people in social media doing this, some even hesitated at $25k because they have yet to see a significant increase when we're a few months away from the halving. These same people will go FOMO for sure lol.

[bettercrypto]

All of us here are probably preparing for the bull run that is coming, and I think that there are many people who practice DCA methods in these times, and I am one of those who do. Of course, I also don't want to be left to chance. this.

We all want to save during the bull run because we have witnessed how the market moves in these scenarios. It's hard to keep up with when the plane takes off. I experienced that before. And for sure, the people who are negative about crypto or Bitcoin will buy it when the bull run comes. Many people will buy it, but the price is expensive for sure. If you don't want to follow and imitate them, it's better to do it now while there is still a chance.

[Kasabus]

It's hard to keep up with when the plane takes off. I experienced that before. And for sure, the people who are negative about crypto or Bitcoin will buy it when the bull run comes. Many people will buy it, but the price is expensive for sure. If you don't want to follow and imitate them, it's better to do it now while there is still a chance.

I totally get where you're coming from, man. I've been there, too, and I'm not planning to repeat the same mistakes. We're more mature now, and this bull run seems like it's just around the corner. They say bull runs usually follow the halving, but what if this time it's different? What if it arrives earlier? So, I think we shouldn't waste any time here. It's like squandering an opportunity. Let's keep accumulating because that's the only way to prepare for this impending bull run.