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Author Topic: What are your big plans for the Bitcoin halving coming up in a few months?  (Read 397 times)
libert19
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November 27, 2023, 03:49:31 AM
 #41

In prior bull markets (2017/'21), I missed out on gains due to not converting paper profits into real profits, so my only plan this time around is to sell coins. I understand you can't know what's the top so I'm looking to dca-out certain percent out of my holding each time I feel like it's good price to sell.
So what you break up when you see a good price and then sell is actually not a problem because it will still be profitable, but it would be nice to keep holding in a few years but only for bitcoin.

Yea, it's good to convert one's profits into BTC, but do not hold onto alts, as they may never recover and you'll just become a bag holder.

My mistake was to hold onto alts forever, eventually they all bitten the dust.

Convert to BTC/ETH (ETH is my personal choice) or any stablecoin but never keep holding onto alts.

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November 27, 2023, 03:44:10 PM
 #42

What are your plans for the upcoming halving?
Nothing unusual but to keep on accumulating as well and try to keep away from the temptation of selling early.

I have got plans when I should sell and that must be after the halving and when it has pumped a lot. I have some numbers on my mind but whether they're reached or not, I'll have to decide whether to sell or not.

But even so, I am likely to sell no matter what happens because I have got some plans to buy something big for myself.
What if the pump came before and during the halving only? And after it, there will be no more? You know, correction, and market cycle. Oh well, as you said, you still have numbers written in your mind, so maybe you will still sell once they are reached and it doesn't matter if what occasion we are having. I'm curious BTW, if what is that thing you are planning to buy. Hmm. My guess could be a car or a house? Hehe.

Although there are also small items which can be very expensive. It was still fine, as it was a reward for our selves for the hardwork that we have done. Also don't forget to treat your loved ones. It should as well act as a celebration for another milestone that BTC have reached/achieved.

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November 27, 2023, 03:55:52 PM
 #43

I am consistently reassessing and reevaluating my investment strategy as the halving could have a significant impact on the price of Bitcoin and other altcoins. The halving could also lead to a surge in interest in altcoins. As such, I am on the lookout for alternative investment opportunities. And, of course, dollar-cost averaging (DCA) is a consistent investment I make. That's my plan, at least. What are your plans for the upcoming halving?
As you rightly said, although I do not think there should be a unique or a special plans for halving.  It should be a plan that has been in existence or whether you are talking about an exit plan.
First, I will advise anyone who is investing through DCA to stop investment immediately the bitcoin price hits $50. I do not have any theories to support this, it is just what I feel is right. Anyone who started to DCA when bitcoin price was at the range of $15k, should be able to stop DCA when the price gets to $50k and then begin to plan an exit method.

My major challenge which I know will also be the challenge of many is when to exit the market.  I can say that if bitcoin makes a new ATH, anyone is free to exit at any point, else you could be trapped back to bear market.

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November 27, 2023, 04:17:20 PM
 #44

You have a good plan because you want to diversify your investment in crypto. But you should be careful when investing in altcoins.
With so many altcoins on the market, it will make you confused about choosing one, especially if you don't find accurate information about altcoins.
Indeed, investing in altcoins can provide big profits too, but this search factor is not easy, which is an obstacle for investors in finding the right altcoin.
I still do DCA for bitcoin investments. Meanwhile, I am still monitoring the movement of altcoins and it is the altcoins that are in the top 100 positions.
And if I want to invest in altcoins, I will limit the amount of money because I remain focused on investing in bitcoin.

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November 28, 2023, 07:33:03 PM
 #45

If you are exploring your opportunities with alts, better look at top 20 at least. Then, weigh your options on this market.
Because as you learn more about alts, and their strong points, you will understand their potential in the upcoming months.
And do remember, knowledge in TAs are great but most of the time, it won't have influence in the market performance of alts.
I value your suggestions, but I get to hear a lot about looking at top 10, top 20, or top 50 alts because they are already doing good, have a better market cap, are listed on good exchanges, etc. etc. But I don't really think this works or is it? Just asking as a newbie not countering your suggestion (peace). And to be honest, I don't really have enough knowledge to judge the potential of any ALTs, I mean either its gamefi, L2, or any other type, I don't have enough knowledge to judge which would give me some decent profit.

And to be crystal clear, I suggested to the members who do not hold ALTs that even though I am holding some but I am holding with the money and I don't care if I make a loss with them. And talking about TA, I have also faced this, because a few days ago I started to learn indicators and how to read candles but on trying them I am not getting any positive results (just observing not making real trades by following these indicators).

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November 29, 2023, 05:16:10 AM
 #46

I am consistently reassessing and reevaluating my investment strategy as the halving could have a significant impact on the price of Bitcoin and other altcoins. The halving could also lead to a surge in interest in altcoins. As such, I am on the lookout for alternative investment opportunities. And, of course, dollar-cost averaging (DCA) is a consistent investment I make. That's my plan, at least. What are your plans for the upcoming halving?
For retail or small investors like me doing what you are doing is the best choice but for whales they will be able to buy large amounts of Bitcoin to sell in the next 1-2 years or after the halving, but it doesn't really matter how we start accumulating bitcoin, because what is important is that we are not left behind in the next bull run, and it does not rule out the possibility that people who do the current DCA is not targeting the nearest bull run but more than 5 year.

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November 29, 2023, 05:29:07 AM
 #47

I don't have any specific plans for the upcoming halving, the fact is that from previous events the price will not suddenly move in a positive direction drastically.
Bull market cycles may always occur, but no one guarantees the exact date. Just accumulate and diversify portfolios and hope one of them experiences a positive trend early.

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December 02, 2023, 05:12:38 AM
 #48

I am consistently reassessing and reevaluating my investment strategy as the halving could have a significant impact on the price of Bitcoin and other altcoins. The halving could also lead to a surge in interest in altcoins. As such, I am on the lookout for alternative investment opportunities. And, of course, dollar-cost averaging (DCA) is a consistent investment I make. That's my plan, at least. What are your plans for the upcoming halving?
For retail or small investors like me doing what you are doing is the best choice but for whales they will be able to buy large amounts of Bitcoin to sell in the next 1-2 years or after the halving, but it doesn't really matter how we start accumulating bitcoin, because what is important is that we are not left behind in the next bull run, and it does not rule out the possibility that people who do the current DCA is not targeting the nearest bull run but more than 5 year.
More than anything what matters is that people begin to save, to invest and do this consistently, people often are looking for a secret strategy that will allow them to achieve their goals in a short amount of time, but what they fail to realize is that a strategy as simple as just buying bitcoin whenever they have some spare cash can be incredibly powerful as long as this is done often enough.

However such a strategy is so obvious and boring that it is immediately dismissed as ineffective, even if it is one of the easiest and most powerful strategies that anyone could use.

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milewilda
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December 02, 2023, 09:35:31 AM
 #49

I am consistently reassessing and reevaluating my investment strategy as the halving could have a significant impact on the price of Bitcoin and other altcoins. The halving could also lead to a surge in interest in altcoins. As such, I am on the lookout for alternative investment opportunities. And, of course, dollar-cost averaging (DCA) is a consistent investment I make. That's my plan, at least. What are your plans for the upcoming halving?
For retail or small investors like me doing what you are doing is the best choice but for whales they will be able to buy large amounts of Bitcoin to sell in the next 1-2 years or after the halving, but it doesn't really matter how we start accumulating bitcoin, because what is important is that we are not left behind in the next bull run, and it does not rule out the possibility that people who do the current DCA is not targeting the nearest bull run but more than 5 year.
More than anything what matters is that people begin to save, to invest and do this consistently, people often are looking for a secret strategy that will allow them to achieve their goals in a short amount of time, but what they fail to realize is that a strategy as simple as just buying bitcoin whenever they have some spare cash can be incredibly powerful as long as this is done often enough.

However such a strategy is so obvious and boring that it is immediately dismissed as ineffective, even if it is one of the easiest and most powerful strategies that anyone could use.
There's no such thing about secret on how to invest or trying out to accumulate or something talks about strategy yet its been just needing that kind of awareness about on how things should really be
done. If we do see that Bitcoin is really that having a potential and it do really convinces to accumulate then its up to our choice. It is  really just that there are people who are really that skeptical
when it comes to Bitcoin or crypto investment on which i couldn't blame them considering on how volatile and unpredictable this market is then you would really be having those kind of
hesitation but well if we do invest on the amounts that we can afford to lose  then it would really be just that fine.

Plans before halving? I do expect that there would be some huge dump neither before near halving or after halving. This is where these corrections or final
dumps do happen. So better watch out because thats the best time to get in but well if you dont care about on the price then this wouldnt really be an issue.

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December 02, 2023, 09:48:50 AM
 #50

Probably to invest more in Bitcoin to accumulate more profits for the next bull run or all time high.

It is important to maximize profit as much as possible. I don't save my money in the bank, whenever I have an extra money, I never hesitate to put it in Bitcoin. For sure, when bull run will start to happen, many people will regret not buying Bitcoin, or they will buy at the top and start regretting and will spread FUD when bitcoin's bull market stop and bear market starts to happen.
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December 02, 2023, 10:11:48 AM
 #51

I am consistently reassessing and reevaluating my investment strategy as the halving could have a significant impact on the price of Bitcoin and other altcoins. The halving could also lead to a surge in interest in altcoins. As such, I am on the lookout for alternative investment opportunities. And, of course, dollar-cost averaging (DCA) is a consistent investment I make. That's my plan, at least. What are your plans for the upcoming halving?

My big plan for Bitcoin halving was that I would deposit some bitcoins before Bitcoin halving started and sell it after the halving and deposit more later. But since I don't have bitcoins at the moment, that plan may not be possible to implement but hopefully I can save some bitcoins.If you don't deposit bitcoins before halving, you won't be able to make much profit.

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December 02, 2023, 11:09:51 AM
 #52

I am consistently reassessing and reevaluating my investment strategy as the halving could have a significant impact on the price of Bitcoin and other altcoins. The halving could also lead to a surge in interest in altcoins. As such, I am on the lookout for alternative investment opportunities. And, of course, dollar-cost averaging (DCA) is a consistent investment I make. That's my plan, at least. What are your plans for the upcoming halving?
I already reached the maximum limit of investment capital, I have nothing to do for now but just wait for the bull season.
For those who have not yet filled their limits, this is the time to do it now. Though we can expect some corrections before halving but for me, we don't need to wait for it before deciding to buy instead, make a decision now rather than losing the chance. The market price is still way far for the ATH which is why buying at the current will still give us a profit when selling them at its peak price.



.
.BIG WINNER!.
[15.00000000 BTC]


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December 02, 2023, 12:22:18 PM
 #53

I am consistently reassessing and reevaluating my investment strategy as the halving could have a significant impact on the price of Bitcoin and other altcoins. The halving could also lead to a surge in interest in altcoins. As such, I am on the lookout for alternative investment opportunities. And, of course, dollar-cost averaging (DCA) is a consistent investment I make. That's my plan, at least. What are your plans for the upcoming halving?

Right now, I am accumulating cryptocurrencies that I think will give me good earnings this upcoming Bitcoin halving. Actually, I have several altcoins that DCA is actually doing. I hope that all my savings can provide for or help me build a house and also establish a small business.

Because I really intend to sell my crypto holdings when the bull run comes, not when the Bitcoin halvings come, most of the time the bull run actually comes after the halving.



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December 02, 2023, 12:30:54 PM
 #54

Preparing to sell. I've been accumulating purchases for the last year, and I hope the halving causes a change in Bitcoin prices that rockets it to the moon, so I can at least gain a profit from that price change. I believe everyone shares the same sentiment as me, expecting a drastic price increase similar to the post-halving moments in the past.

While no one can confirm or guarantee that it will happen, we can only hope. Keep holding onto Bitcoin and wait for that moment. At least, if the halving doesn't trigger a BTC price surge, the ETF can be another reason to make it happen.
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December 02, 2023, 12:54:33 PM
 #55

I am consistently reassessing and reevaluating my investment strategy as the halving could have a significant impact on the price of Bitcoin and other altcoins. The halving could also lead to a surge in interest in altcoins. As such, I am on the lookout for alternative investment opportunities. And, of course, dollar-cost averaging (DCA) is a consistent investment I make. That's my plan, at least. What are your plans for the upcoming halving?
I am still accumulating using my usual accumulation strategy which is the DCA till the halving. I have plans to sell some fraction of my bitcoin and hodli the rest. I have also come up with a price target that when bitcoin price reaches, I will sell that I have to and keep the rest, but if bitcoin price did not reach my price target I might not sell. So many investors might be looking for a very big price and will end up not selling and before they will know it bitcoin will dip to the bear market.

R


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December 02, 2023, 01:17:16 PM
 #56

I am consistently reassessing and reevaluating my investment strategy as the halving could have a significant impact on the price of Bitcoin and other altcoins. The halving could also lead to a surge in interest in altcoins. As such, I am on the lookout for alternative investment opportunities. And, of course, dollar-cost averaging (DCA) is a consistent investment I make. That's my plan, at least. What are your plans for the upcoming halving?
Same thing mate. I also choose DCA to accumulate as much as I can. But here's the thing. This is Bitcoin halving and the main focus should be on Bitcoin that's for sure. And as history tells us, BTC will be the first to rise in the bull market's beginning. So focusing on that will be much more rewarding. And you can make more profits that way. And after that, the altcoin season starts. In that period, you can use the profits earned from your BTC investment to accumulate more profits through altcoins investment.

Then again, I am not a financial advisor. Do your own research and it's your money. Do whatever seems good for you.
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December 02, 2023, 02:20:53 PM
 #57

That's my plan, at least. What are your plans for the upcoming halving?
I have a different view towards the upcoming halving, there is no serious preparation for the upcoming halving, considering several things that are happening right now, I view the situation in the future as being much different from the halving that has happened, Of course I have certain reasons for that, which cannot be said here, they are all based on my assumptions and speculations that I have read from several Bitcoin observers.

However, whatever the reason, I can only hope and pray that Bitcoin will be better in the future, as well as trading factors in the crypto market and also miners, investors, investments and so on.

R


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December 02, 2023, 06:24:28 PM
 #58

Preparing to sell. I've been accumulating purchases for the last year, and I hope the halving causes a change in Bitcoin prices that rockets it to the moon, so I can at least gain a profit from that price change. I believe everyone shares the same sentiment as me, expecting a drastic price increase similar to the post-halving moments in the past.

While no one can confirm or guarantee that it will happen, we can only hope. Keep holding onto Bitcoin and wait for that moment. At least, if the halving doesn't trigger a BTC price surge, the ETF can be another reason to make it happen.
I can see that people had been anticipating for the halving and this is a good opportunity for some traders to prepare to sell their holdings because there had been speculations that the price of Bitcoin is going to be volatile and this will be an opportunity for traders to maximize their profits. Whether we ever setting and preparing for the halving or not, it is good for us to make sure that we have some holdings of Bitcoin and altcoins too for us to be more profitable as a trader or investor. This kind of planning can be very profitable for us in a long run.









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December 04, 2023, 05:12:50 PM
 #59

My strategy has worked well so far - I try not to overthink it too much.  I just steadily accumulate during market dips and hold on for the long ride up.  I know timing the market is nearly impossible, so I'm not trying to sell perfectly at the peak or anything.  My basic approach is to sell some portion after significant runs up to take some profits off the table.  That way I can recoup my capital and let the house money ride.  But I don't want to sell too quickly and risk missing out on potential future growth.  Its a balancing act for sure. 

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December 07, 2023, 07:13:29 AM
 #60

My strategy has worked well so far - I try not to overthink it too much.  I just steadily accumulate during market dips and hold on for the long ride up.  I know timing the market is nearly impossible, so I'm not trying to sell perfectly at the peak or anything.  My basic approach is to sell some portion after significant runs up to take some profits off the table.  That way I can recoup my capital and let the house money ride.  But I don't want to sell too quickly and risk missing out on potential future growth.  Its a balancing act for sure. 
a safe way to grow money, where when an increase occurs we sell some of it in exchange for our capital, and so on, let the profits work to double the money. However, if we invest in Bitcoin, I think waiting for the real bullish season will be better, considering that investing in this coin is the safest, and of course when the halving occurs it will bring more profits, if the halving doesn't meet expectations, we hold on. it will also grow even more

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