How Do You Plan to Make the Most of Your Bitcoin Investment Before the Halving?

[SatoPrincess]

I admire your dedication, it’s not a easy task cutting down the simple pleasures of life to achieve a goal. But I don’t think sharing a flat with a stranger is the best. For me, I won’t be making any changes to my current plan or lifestyle. I already have a good saving plan that’s working for me. The bitcoin halving wouldn’t make me alter my plans, I’m hodling for long term so the halving doesn’t make much of a difference to me.

[Crypto Library]

How do you plan to make the most of your Bitcoin investments before the halving in 6 months?

Actually my plan has been made long before now I just have to follow that strategy for the remaining six months or until the end of bitcoin halving. I see you have gone hardline once to make bitcoin investment although I have not gone that hardline but have been making a fixed amount every month or every week.
I won't call your strategy bad but I don't think your objective needed to be limited to double profits. If you want, you can keep your life as normal and do bitcoin investment for a long term with a certain amount of your earnings only excluding the access expensive ones. The current price of bitcoin is half of its all time high price so I think bitcoin halving in the next bull season I think it will touch its new all time high price and you have to wait for that so I would say only 2x your profit  Adopt a more long-term strategy without limiting yourself. And yes definitely do a proper dca management for risk management and then start investing.

[Japinat]

I do DCA and I don't plan to make any special changes, except maybe to do partial sales at ATH times, like when the price goes over $100,000 and things like that. But for me it's more of a long-term view, which includes a couple of cycles or more. Gradually continue to accumulate wealth in bitcoin and other assets.

I would stick to DCA as well because that’s the only option where I can maximize the volume in my portfolio. And I’m really waiting for another price drop because that will serve as another great opportunity to buy significant amount of bitcoin before its price goes to the moon again. My focus is to increase my long term investment so whether this bitcoin halving is coming or not, still I will continue to do the DCA and make a profitable sell when bull run has finally arrived.

[sunsilk]

How do you plan to make the most of your Bitcoin investments before the halving in 6 months?

Nothing really.

I am just waiting for the moment to come and there is no pressure for myself when it's approaching. I just have to do what I have been doing, to do things that are common for me.

Good for you OP that you can do such decisions and they seem as comfortable decisions for you. Cutting the expenses in those unnecessary memberships are actually a good decision.

Those small amounts you think that you're paying them won't hurt you much but if you calculate them how much you're paying them the entire year, you'll see that they're quite consuming a chunk of your money.

[darkangel11]

• I turned my apartment into a shared one, meaning I got a flatmate and used the money paid to buy more Bitcoins.
• No more buying new clothes, shoes, phones, or electronic devices. No more eating out. I'll cook all my meals. The money saved will be used to buy more Bitcoins.
• This month, I'm selling off my car and I'll start using the train for commuting to work or any other essential place. Therefore, unless it is absolutely necessary, my social life is going to suffer for a little while.
  

You really are dedicated to this. I live a normal life, although I could be saving up, but there are things I need. I'm not going to make my life harder because I want that additional money to invest.
I'll explain with an example. We own 2 cars with my wife and it's literally impossible for us to get rid of 1 because she works at different hours than me and we live fare away from any bus stops or train stations. I'd have to call a cab a few times a week.
If you're really able to do all the things you say you do, keep up the good work and all I hope you succeed.

There's a flip side to this. After the halving, my Bitcoin investments would have doubled. I plan to reward myself with the profit by:

And what will happen if they don't? What if the price stays at 40k after the halving? I hope you have a backup plan.

How do you plan to make the most of your Bitcoin investments before the halving in 6 months?

I don't do anything special with my bitcoin. I feel like I have enough to live happily ever after if the price ever reaches $100k. I live a normal life, spend some coins if I really need to (but that's rare) and mainly use fiat money and hold my BTC. If We ever go past 100k, I'll probably start realizing some of my dreams.

[irfan_pak10]

-snip-

• This month, I'm selling off my car and I'll start using the train for commuting to work or any other essential place. Therefore, unless it is absolutely necessary, my social life is going to suffer for a little while. This delay of gratification is worth it.

-snip-

Selling your asset for crypto is a risky bet btw, I know it seems lucrative when you put it that way, invest now and take double profit in 6 months. Yes, market seems bullish and market shows strength nearing the halving, and it go boom after the halving, It is all speculation, but if you are single and you can afford to wait for longer than 6 months, take a risk, otherwise i belive overall its a risky bet to take. I would never sell my physical asset for crypto.

[savetheFORUM]

OP first says NOT going to be dramatically altering his lifestyle and then goes ahead and sells his car, stops going out to have some fun, stops going to the gym, and even plans to not go shopping for about 6 months. If that isn't altering, I don't know what is. So, I believe these statements are greatly contradicting each other:

I'll focus on regular investments without dramatically altering my lifestyle, ensuring a balance between saving and enjoying life in the present.

• No more buying new clothes, shoes, phones, or electronic devices. No more eating out. I'll cook all my meals. The money saved will be used to buy more Bitcoins.
• This month, I'm selling off my car and I'll start using the train for commuting to work or any other essential place. Therefore, unless it is absolutely necessary, my social life is going to suffer for a little while. This delay of gratification is worth it.
• I didn't renew my gym membership. I purchased some dumbbells and barbells to start working out from home. The money supposed to be spent on the gym membership will be used to buy more Bitcoins.

I wouldn't call them regular investments if you are doing all these things to be able to make those investments. A regular investment would be the money that you can save from your income, or just renting a part of the apartment should have been enough for you to buy Bitcoin during this time, but doing all other things makes it a bit excessive, in my opinion.

For me, I'm not going to change my lifestyle or do things that will make me stop enjoying my life only so that I can buy more Bitcoins. I will buy when I know I have extra money left from my income after taking care of all the needs of my personal life.

[btc78]

This is an admirable plan!

i think this is a sustainable lifestyle that is both beneficial for your wallet and even for our environment it might be a little bit of a hassle commuting but i guess it depends on the state of your public transport nevertheless you are also contributing less of pollution because of this; working out at home also saves you time and a lot more money regardless of the fact that you did all these for btc these are still respectable sacrifices not a lot can do!

my plan is to keep what i have right now and never sell any of it but reading this really inspired me to do the same and buy more as much as i can before the halving

[lombok]

I make regular Bitcoin spot purchases every week, and earn extra from signature campaigns. Plus, I used a little Bitcoin to play M coin Bitcoin futures which I intended as a step to earn Bitcoin significantly and quickly. However, spot is still a priority, Mcoin Bitcoin futures have big risks, but also have high returns, you need accuracy, patience, analysis and correct management to get maximum results.

By using the future contract and leverage trade you are risking bitcoin for all the possible future gains in the next bull run. It is up to the user how they are going to use their coin but using future trades at a time like this is not a good idea. We are very close to the halving and the market can be very manipulative because lots of people are keeping an eye on the market and they will push the market up and down to liquidate all the future contacts if they get the opportunity to do so.

That's right, therefore I only use a small portion of the total balance I have or around 0.005BTC which I allocate to the futures market, if these funds increase I will be grateful, and if the futures funds run out I will not add them.

I know this risk is very big, until now I have focused on going long.

[Aanuoluwatofunmi]

All that we should know is to use any legitimate means to save up our financial and Invest in bitcoin, cut your cost on other side attraction things that are demanding from you and find a means to maintain a saving culture habit and use them on bitcoin, there are many opportunities many people are missing out with the way they are spending their resources while not considering the ways they can improve on their utilization for their own profit maximization, another good option is to also learn how to earn bitcoin.

[KiaKia]

The only panic left in me is the halving countdown, we are almost out if time, so I am still doing my DCA every week and month at times but lately I am starting to sell some costly things I have at home that I am not currently using, I sold my higher end alienware laptop weeks ago too and I don't regret it.

When the ROI is good enough I will take profit and get these things back but it's not a must if you don't have something you can sell, investing in Bitcoin is not something you have to handle like you won't survive tomorrow if you don't invest, my advice is to always give your best shot and leave the rest.

Waking up every day I still do the necessary things, like working out, visiting the gym is what I do every two days in a week, health state is more important than money, make sure you don't sleep on this, it's very important. Do only what you can to accumulate Bitcoin before the time is up but do not go extra miles.

[Wiwo]

I do DCA and I don't plan to make any special changes, except maybe to do partial sales at ATH times, like when the price goes over $100,000 and things like that. But for me it's more of a long-term view, which includes a couple of cycles or more. Gradually continue to accumulate wealth in bitcoin and other assets.

DCA both now and after the bitcoin halving because, we cant tell what happen after bitcoin and we are not also sure when exactly the bitcoin all time high will happen and how much price bitcoin will attain in that time, so instead of waiting for what is not certain, is also better to make use of what is available at that moment to make the best use of the time and what bitcoin market put up from time to time.

i believe that, if DCA is properly utilize, it will give room for higher accumulations in both direction of holding be it USDT vs Bitcoin, DCA makes the accumulation process easy and save instead of just speculating bitcoin price based on possible bull market after the Halve.

[Rruchi man]

• I turned my apartment into a shared one, meaning I got a flatmate and used the money paid to buy more Bitcoins.

I will find it hard to take this decision, I find it difficult to trust people I have just met, so it will be difficult to share an apartment with someone new.

• No more buying new clothes, shoes, phones, or electronic devices. No more eating out. I'll cook all my meals. The money saved will be used to buy more Bitcoins.

This is a good move, but for things like electronics, you may never know or plan well enough because they may just develop a fault that will force you to use some money to make repairs. You may get mugged and need to buy a new phone, you never know.

• This month, I'm selling off my car and I'll start using the train for commuting to work or any other essential place. Therefore, unless it is absolutely necessary, my social life is going to suffer for a little while. This delay of gratification is worth it.

I cannot consider this, because commuting is not so easy in my country, there are no trains and subways.

• I didn't renew my gym membership. I purchased some dumbbells and barbells to start working out from home. The money supposed to be spent on the gym membership will be used to buy more Bitcoins.

Rather than not renewing your gym membership, find a cheaper gym. Working out at home and on your own can get boring and be unmotivating for you that have a fitness plan.

How do you plan to make the most of your Bitcoin investments before the halving in 6 months?

I plan to reduce the amount of money I give out to people unnecessarily, because I find it hard to say no to people who ask for financial assistance within what I can do. I have noticed that it is getting out of hand because the economy of our country has worsened so many more people are always asking for favors, I have to learn to say No to some of these people.

[Distinctin]

I just focus on DCAing and continue to buy bitcoin with my spare money on my pocket. I never really had these serious changes in my life routine so as to maximize buying bitcoin, but I just stick on doing DCA as much as possible.

I don't see Bitcoin investment as my major source of income so I just invest on what's I'm capable to lose and never really expect much to make massive profits from it. Although it's a big achievement to make life changing profits when bull run comes but I also have this feeling that I should not compromise my life in exchange for my investment profits. Profits whether it's big or small, we should always be grateful for it.

[Zoomic]

• I turned my apartment into a shared one, meaning I got a flatmate and used the money paid to buy more Bitcoins.
• No more buying new clothes, shoes, phones, or electronic devices. No more eating out. I'll cook all my meals. The money saved will be used to buy more Bitcoins.
• This month, I'm selling off my car and I'll start using the train for commuting to work or any other essential place. Therefore, unless it is absolutely necessary, my social life is going to suffer for a little while. This delay of gratification is worth it.
• I didn't renew my gym membership. I purchased some dumbbells and barbells to start working out from home. The money supposed to be spent on the gym membership will be used to buy more Bitcoins.

You talked about creating a balance between Saving and funding your normal life well I think you don't know what that statement is because this list is like choking your self to save in Bitcoin, just because of the bull run! With this list you made you are probably the type that may go into depression if the bull run doesn't come after the Bitcoin halving.
I am in no place to tell you what to do but I think all that is too Much you putting your life at risk especially if you don't know who your new flat mate is well, and having your personal car can help you get to places quicker and fast making life easier and helping you to focus more energy into being profitable, one thing I would say is never incest aggressively in anything.

Some people sell their lands and houses to travel to another country where they feel is more comfortable and where the pasture is more greener. When they travel to their dream country, they spend some years there and plan to build another, knowing too well they already sold house and land to travel.

I brought this example because of OP. The essence of investment and investment in bitcoin is to live a comfortable life and Op is privileged to live a comfortable life, instead of trying to remain comfortable, he decided to starve himself and change drastically his lifestyle and in the end he will still need to buy another car and try to be comfortable again.
Humans arrive at their destinations in different ways and most times we do wired things in a normal way.

I DCA and I do not intend to do anything different or stress myself the more.[/list]

[Dickiy]

All that we should know is to use any legitimate means to save up our financial and Invest in bitcoin, cut your cost on other side attraction things that are demanding from you and find a means to maintain a saving culture habit and use them on bitcoin, there are many opportunities many people are missing out with the way they are spending their resources while not considering the ways they can improve on their utilization for their own profit maximization, another good option is to also learn how to earn bitcoin.

Agree with your assumption, and indeed for the first step it is the best, management basically must always be prioritized, not only when you want to invest in bitcoin but in other matters also the role of management is very important. None other than because it will be very useful for balancing your finances in any condition, and also yes if indeed you have a desire or are interested in investing bitcoin then I hope you can divide each of your financial allocations correctly, prioritize your basic needs and if indeed all of that has been fulfilled then you can start investing by allocating the remaining amount of money and also of course with an amount that you can be responsible for, especially for risks that can come suddenly.

We must really think about utilizing what we have, one of which is money, I hope we can use the money we have for positive things and one of the good alternatives that can allow your money to grow is investing in any asset that you trust such as bitcoin. Don't rush and stick to the best plan in your opinion, bitcoin does not provide a guarantee for anyone to get rich quickly but maybe by investing then you will have a great opportunity to achieve the future you dream of from significant returns on your investment as long as you remain consistent.

[JoyMarsha]

I have a strategic plan to convert 20% of my weekly signature payment to fiat every week and the remaining 80% that is in bitcoin, I keep saving it up in my wallet as it comes every week till the bull run happens by next year.

Converting 20% of my weekly payments from bitcoin to fiat every week would make me learn how to spend less, wouldn't be forced to spend more than the money I have mapped out to spend for each week. And my spending for every week will be on that 20% fiat. I won't go beyond that.

[oktana]

Oh no, you're getting this wrong. Who said that Bitcoin's halving would double investments? I totally commend your effort to purchase more Bitcoin and I stand with that, however, thinking that Bitcoin price will get doubled is putting your hopes too high. Bitcoin halving is simply the reduction of the mining rewards by half. In fact, it is possible for the price to increase or decrease before or after the halving. I'll suggest you lower your expectations so you appreciate whatever comes, instead of solidly thinking there'll be an increase in price.

[Dr.Bitcoin_Strange]

Like some of us here are aware, I do accept Bitcoin payments in my business, and through my strategy of saving my profits in Bitcoin, I have accumulated a good fraction of Bitcoin and a few other dollars I have used to acquire more Bitcoin. It's not a do-or-die affair to invest, but we only invest the amount that doesn't get us choked up, so that there will be no need to sell off some Bitcoin when it's not yet time to untie the portfolio. I think we should not still overinvest more than our normally desired amount of allocation, because if anyone does so, it could cause them to untie their portfolio when it's not yet time.

[GreatArkansas]

(.....)
How do you plan to make the most of your Bitcoin investments before the halving in 6 months?

I just accumulated more Bitcoin in the previous months of this year. Not only accumulating but also switching some of my altcoins position to Bitcoin, so in short, the percentage of Bitcoin in my investment is higher compared to altcoins.
This is what I did because I already learned my lessons in the past.