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Author Topic: As Bitcoin Prepare for more Bull, What's your Decision  (Read 435 times)
Aanuoluwatofunmi (OP)
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February 20, 2024, 09:41:40 AM
 #1


https://twitter.com/naiivememe/status/1759584807666000341?t=ggkgMqRoL_xBRc_w0VPq1g&s=19

Bitcoin is all I need and you can ask me why?

Because Bitcoin is on it irresistible move to $60,000 and more thereafter halving.


https://twitter.com/BTC_Archive/status/1759536216075104306?t=Vqs54a-qEWNZhNgLeSonRg&s=19





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February 20, 2024, 09:45:56 AM
 #2

To answer your question about my decision, I don't think that 60k is going to be my goal so this to me is just a passing number that's not even close to my target price so hopefully I'll still be accumulating at that time and be able to increase what bitcoin I'm currently hoarding right now. My plea to everyone out there, 60k isn't the right price to sell because bitcoin's going to be more than that.



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February 20, 2024, 03:35:46 PM
 #3

 Bitcoin is on an upward journey and even though it will encounter some delays along the way, it's still not enough reason for me to hurry off and sell my coins. For me $60k is something we'd not have to wait too long enough to see and using that as yardstick to measure success or the level rice enough to cash in is quite a low thinking for me because if it can get to $51, 430 as at time of writing, it can also surpass that mark and even hit a $100k thanks to the halving so I'd keep hodling as there's the saying that the patient dog eats the fattest bone.

R


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February 20, 2024, 11:13:40 PM
 #4

My decision is to just hold my bitcoin and do DCA to increase my bag holdings, but from your speculation bitcoin might not cross $60k this month with what I am seeing currently because there is a selling pressure which is causing buying force to be very weak cause bitcoin to remain in 51k to 52k plus for the past 3 to 5 days now. If you check clearly bitcoin has been hovering around a particular spot for a very long time now, the only thing that can pull it off is buying pressure, when the market changes its face then you will see bitcoin meeting another new price level with this moves am sure of 55k before next week.

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February 21, 2024, 01:16:15 AM
 #5

Different people with different views and plans about Bitcoin. Some had envisaged what we are currently experiencing, while some are late to opt-in but still want to enter the train to avoid completely missing out on the world's cake presented by the coin. Anyone yours is, try to be very careful, your trading chart should be your friend and your account management should be your top priority. Don't be a blind follower as well because anything unforeseen could happen.

For me, I've stopped buying Bitcoin since last year, I can't buy it anymore since it's too expensive now. This is worth it because I started buying the coin in 2022 when I joined Bitcointalk. What I was reading at that time motivated me so much, so I was getting ready then even when it had not bottomed yet and I made sure that I bought enough of it periodically as my capability could carry me. That is what I will maintain till after the halving period and I know that Bitcoin will at least reach $100,000 no matter what happens.

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February 21, 2024, 03:05:24 AM
 #6



I reckon when someone begins to hold much bitcoins where someone starts to win or lose more than an amount of his monthly expenses in every 10% pump or a 10% dump, this might cause someone the question if this is reality or if we are in the matrix hehehehee.

On every pump, it will make the holder dream of retiring early. However, on every dump it will make him thankful on having a real job hehe.

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February 21, 2024, 12:16:59 PM
 #7

Quote
As Bitcoin Prepare for more Bull, What's your Decision

Those who are only making decisions now are already quite late, because the right decisions are made long before any signs of a bull run appear. Besides, why get excited about some rather unimportant numbers, because until the price reaches $100k you don't need to open the champagne. I don't mean the need for some kind of exit point, but as some kind of milestone, Bitcoin at $100k and a market cap of around $2 trillion are certainly nice numbers.

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February 21, 2024, 01:51:46 PM
 #8

To answer your question about my decision, I don't think that 60k is going to be my goal so this to me is just a passing number that's not even close to my target price so hopefully I'll still be accumulating at that time and be able to increase what bitcoin I'm currently hoarding right now. My plea to everyone out there, 60k isn't the right price to sell because bitcoin's going to be more than that.
$60k is even less (ATH) than in the last bull cycle. Selling at this level is permissible only for those BTC-investors who bought bitcoin in the cycle before last. To me, it looks unreasonable from an investment point of view to sell bitcoin below the $100k mark. This level is quite achievable in this bullish cycle, but such prices should be expected later than the halving. Probably even with some delay.

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February 21, 2024, 06:38:14 PM
 #9

To answer your question about my decision, I don't think that 60k is going to be my goal so this to me is just a passing number that's not even close to my target price so hopefully I'll still be accumulating at that time and be able to increase what bitcoin I'm currently hoarding right now. My plea to everyone out there, 60k isn't the right price to sell because bitcoin's going to be more than that.
$60k is even less (ATH) than in the last bull cycle. Selling at this level is permissible only for those BTC-investors who bought bitcoin in the cycle before last. To me, it looks unreasonable from an investment point of view to sell bitcoin below the $100k mark. This level is quite achievable in this bullish cycle, but such prices should be expected later than the halving. Probably even with some delay.
There would really be no any sense that you will really be that selling now even lets say that you have been able to buy on $60k+ on previous bull run or simply you have caught yourself with the peak.
Of course you would really be trying out to have that kind of revenge on which you would really be holding your position until bull run comes. You are already aware about its potential and you are
already aware on when to sell for sure and setting up goals accordingly, so that you wont really be ending up yourself again on holding up your position for too long years.

Preparation for upcoming bull run is what most people are focusing now, if you do missed out on bagging those potential coins and not really just that limited to Bitcoin then you would
really be finding yourself on missing out the golden train and this is something that we should really be that not doing anymore.
Waiting up for another cycle would really be costing up again 4-5 years which is a long time.

R


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February 21, 2024, 07:31:35 PM
 #10

The initial decision that has not changed is to want the full amount of Bitcoin. I am thinking about something that is currently the opposite of the situation, namely preparing all the necessities needed when prices decrease.
I ask myself, how ready am I now and how ready will I be in the future.

This thought is because I still don't have Bitcoin like other people who have accumulated before the current price.
My thoughts say that this is not only a matter of improvement, but also a matter of decrease if it exceeds expectations. The thought was strange, but it came to mind.
If it continues to rise until the halving, I congratulate all Bitcoin holders.

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February 21, 2024, 07:48:36 PM
 #11


Bitcoin is all I need and you can ask me why?

No need to ask. Bitcoin enthusiast already know to accumulate is better than procrastinate about accumulating  Grin


Because Bitcoin is on it irresistible move to $60,000 and more thereafter halving.


$60,000 is not yet at the current ATH and bitcoin has the tradition of doubling it previous ATH or trippling it, so if you calculate ATH of $68.997 and doubling it or maybe times it by 3 then you can estimate the range of next ATH. This has been the tradition with btc in the past 10 years plus. Bitcoin at the last two halving was around $20k and it went up to $68k. So be assured that after the resistance, bitcoin price will keep soaring especially after the halving in April.

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February 21, 2024, 08:27:28 PM
 #12

In my case it's easy to decide. I held bitcoin when it fell to $4k in 2020, I held it when it went to $60k, then it fell to 30, I still held, then it went to 68k and I still held. I sold a small amount to celebrate every time we hit a new important high, but it was less than 1% of my holdings.
When we went back to 50k after 2 years, I sold a very small amount to by myself some treats and gifts for my wife and child, but that's it. I bought my wife a gift card, just little things that make our life more interesting. It's not about holding until death, you need to have fun, celebrate, be able to enjoy life by traveling, being able to buy people gifts, eating healthy.

What my goal is? Right now I'm going to hold and if we correct below 50k I will do the same. If we break 60k, I'll again sell maybe 5% because I was thinking about building a garage near my house. It's not a pressing matter, but if Bitcoin happens to be generous like that, I'm not going to say no.

The rest is going to be held for until we hit $100k, at which point I'll sell another 5%.

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February 21, 2024, 08:52:45 PM
 #13

$60k is too little compared to the amount Bitcoin analysts had predicted for the coming Bitcoin bull run's ATH.  Many believe that Bitcoin will breach $100k this time so it is quite easy to say that the best decision would be to DCA while Bitcoin isn't rallying hard yet and hold or set a selling price and wait for it to happen.

If a person wants a maximum profit then it is best to have patience and wait for the Bitcoin bull run to climax and if possible sell it at its peak.  I decided to wait for Bitcoin to record its new ATH and sell somewhere near it then wait for the market to enter a bear market and replenish the Bitcoin that I sold during the bull run, rinse, and repeat if possible. 

The initial decision that has not changed is to want the full amount of Bitcoin. I am thinking about something that is currently the opposite of the situation, namely preparing all the necessities needed when prices decrease.
I ask myself, how ready am I now and how ready will I be in the future.

Why not DCA now, we all expect that Bitcoin will surge in the coming months.  Buying Bitcoin now and selling it at a higher price will give you additional funds if you plan to buy on the Bitcoin bear market.

This thought is because I still don't have Bitcoin like other people who have accumulated before the current price.
My thoughts say that this is not only a matter of improvement, but also a matter of decrease if it exceeds expectations. The thought was strange, but it came to mind.
If it continues to rise until the halving, I congratulate all Bitcoin holders.

Don't stay on the sideline, if you have the plan to buy BTC don't wait for too long, you are losing profit each day that you hesitate to buy BTC.
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February 21, 2024, 08:58:52 PM
 #14

This thought is because I still don't have Bitcoin like other people who have accumulated before the current price.
My thoughts say that this is not only a matter of improvement, but also a matter of decrease if it exceeds expectations. The thought was strange, but it came to mind.
If it continues to rise until the halving, I congratulate all Bitcoin holders.

Don't stay on the sideline, if you have the plan to buy BTC don't wait for too long, you are losing profit each day that you hesitate to buy BTC.
Btw, thanks for the reminder. However, I want to say amidst the thoughts I have said above that I am making efforts to continue buying according to the money I currently have. For a long time I sat on the sidelines ignoring the opportunity to immerse myself in Bitcoin.
Methods and strategies depend on readiness and I will not force myself if it is beyond my limits because I don't think it will be optimal.

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February 21, 2024, 09:37:21 PM
 #15


https://twitter.com/naiivememe/status/1759584807666000341?t=ggkgMqRoL_xBRc_w0VPq1g&s=19

Bitcoin is all I need and you can ask me why?

Because Bitcoin is on it irresistible move to $60,000 and more thereafter halving.
I understand what you are trying to portray, but I do not really agree completely with the message that meme shows, it is true that many people spend all their wealth in a bunch of stuff that will have no value in a few years, however to think that bitcoin is all what you need is a mistake too, spending some money here and there in stuff you really need or want is not wrong, as we must think not only on what the future could bring but on the now as well, and if you can spend some of that money to make your life better now then I would think of that as a good use of your money too.

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February 21, 2024, 09:41:26 PM
 #16

My decision? Nothing but to HODL.

That's all, it's not just going to be back to $60k again and we're actually close to it and just a few jumps away and we're back to the former ATH. The halving will make more significant pump for the price of it.

And as much as we're predicting that much, maybe the delayed $100k that was seemed to be predicted for 2021 bull run is going to continue and will make it happen this time, 2024 or 2025.

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February 21, 2024, 09:49:59 PM
 #17

Quote
As Bitcoin Prepare for more Bull, What's your Decision

Those who are only making decisions now are already quite late, because the right decisions are made long before any signs of a bull run appear. Besides, why get excited about some rather unimportant numbers, because until the price reaches $100k you don't need to open the champagne. I don't mean the need for some kind of exit point, but as some kind of milestone, Bitcoin at $100k and a market cap of around $2 trillion are certainly nice numbers.

Thats right Lucius, if people havent made the move into Bitcoin by 2023 for example,
its FOMO time, and on the other hand there are others who think they are too late?

$60k isnt really a target of note, there are obvious others and ones that some people
keep quoting:

ATH $69,000
$100,000
$250,000
$500,000
$1,000,000

TBH increments of $50k after we reach $100k is nice to mark.

As per threat title question, my decision will be to sell some for home repairs but the
majority will be HODL on.

R


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February 21, 2024, 11:59:26 PM
 #18

TBH for now, I didn't look at the market price, why?
To avoid being tempted to sell, we know that seeing our potential profit becomes a decision to sell our Bitcoin.
That's why I'm trying to hold even though a small amount of Bitcoin.

The most anticipated moment is when Bitcoin halving is successfully done and after a month there will be an ATH, so I think isn't the right time to sell our Bitcoin seeing the $50k plus range.  Just hold IMO.

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February 22, 2024, 01:03:26 AM
 #19

I'm not only eyeing that $60,000. I'm planning to keep mine way beyond that. I don't plan to sell at $60,000. That's too low. That's not even the ATH yet. But I also don't plan to dispose mine when the ATH is broken, which is very possible to happen within the first half of the year, if not even before halving.

I might take some profit and enjoy a nice vacation when the price hits six digits. That's not a very ambitious target of course. It could also happen within the year.
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February 22, 2024, 04:22:17 AM
 #20

To answer your question about my decision, I don't think that 60k is going to be my goal so this to me is just a passing number that's not even close to my target price so hopefully I'll still be accumulating at that time and be able to increase what bitcoin I'm currently hoarding right now. My plea to everyone out there, 60k isn't the right price to sell because bitcoin's going to be more than that.

I wait for the opening price and usually on Monday morning the price is lowest at the opening. Indeed, we have to be smart enough to anticipate buying times even though we have also tried to use the DCA technique.

To charge your price correctly and the figure of 60K is still relatively small compared to the conditions for the middle of this year. I'm sure there will be many big events coming to the market and the hope is that everyone will probably be the same, hopefully the positive will be more dominant, otherwise the market response will reverse again.

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February 22, 2024, 04:25:56 AM
 #21


https://twitter.com/naiivememe/status/1759584807666000341?t=ggkgMqRoL_xBRc_w0VPq1g&s=19

Bitcoin is all I need and you can ask me why?

Because Bitcoin is on it irresistible move to $60,000 and more thereafter halving.


https://twitter.com/BTC_Archive/status/1759536216075104306?t=Vqs54a-qEWNZhNgLeSonRg&s=19





So if bitcoin is not running into 60k then you will not need it? your post is something like
those Profit hunter  that only invested because of easy money but if things did not come their way
then all hates will be given to bitcoin so please stop this attitude.

Bitcoin is not a money making machine that can generate you profit just like that because
this is a currency that has its purpose to be use for payment.
if you are not here to trust the system then I think you don't have to know our decisions.

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February 22, 2024, 04:35:35 AM
 #22

That picture is showing a weird concept, they both are two extremes and are both wrong. Going all in Bitcoin is not a good idea even though I'd say there is no other path but to go up. It is always a good idea to diversify, not to mention the choice should not ever be between buying bitcoin or buying "stuff". The choice is both at the same time.

As for the bull run, I've been ready for it like I've been ready for all the previous ones. You should accumulate bitcoin while everyone is panicking and enjoy the ride while others are FOMOing. Wink

.
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February 22, 2024, 11:03:28 AM
 #23

Thats right Lucius, if people havent made the move into Bitcoin by 2023 for example,
its FOMO time, and on the other hand there are others who think they are too late?
~snip~


My conclusion is that we still have the majority of those who want to invest in Bitcoin in the short term (quick in - quick out) and they are always waiting for some kind of sign. Those who have learned from past experiences assume that this year and the next year will be marked by price growth and have already invested when the price touched the bottom.

I'm not saying that now is a bad time for someone to invest in Bitcoin, but those who are only doing it for profit should have done it a long time ago. Invest today and if the price reaches $100k, you will have 100% profit - and if you invested a year ago at a price of $20k, you will have x5 profit, which is a huge difference.

As per threat title question, my decision will be to sell some for home repairs but the
majority will be HODL on.


Exactly, because the purpose of money is to be spent, and if it is spent on good things, then it is a smart investment.

.
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February 22, 2024, 05:45:38 PM
 #24

Thats right Lucius, if people havent made the move into Bitcoin by 2023 for example,
its FOMO time, and on the other hand there are others who think they are too late?
~snip~


My conclusion is that we still have the majority of those who want to invest in Bitcoin in the short term (quick in - quick out) and they are always waiting for some kind of sign. Those who have learned from past experiences assume that this year and the next year will be marked by price growth and have already invested when the price touched the bottom.

I'm not saying that now is a bad time for someone to invest in Bitcoin, but those who are only doing it for profit should have done it a long time ago. Invest today and if the price reaches $100k, you will have 100% profit - and if you invested a year ago at a price of $20k, you will have x5 profit, which is a huge difference.

As per threat title question, my decision will be to sell some for home repairs but the
majority will be HODL on.


Exactly, because the purpose of money is to be spent, and if it is spent on good things, then it is a smart investment.

also those who want to do it for profit can still make massive gains, where else would you get
100% profit within lets say for arguments sake 12 months if investing today?

R


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February 22, 2024, 06:03:22 PM
 #25

As Bitcoin Prepare for more Bull, What's your Decision.
For today 23/02/24 Bitcoin is priced at $51,654, this is a sign of a Bull Run. Crypto is experiencing real development for a certain period of time, that's for sure, Several sources say and speculate that when investors start to enter the market and target Bitcoin for a predetermined time, they aim to own crypto assets without limits.

In essence, we understand what will happen when Bull reaches its point, halving is a factor that is expected by investors and crypto users, I definitely don't want to lose this moment and I will do what is best for myself personally, that way we will take the best steps for the future before the Bull Rum actually happens.

R


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February 22, 2024, 06:09:51 PM
 #26

Right now the most important asset is Bitcoin and then I will HODL until bullrun time comes.

It has been since the bearish two years ago buying bitcoin until now because we know that preparing bitcoin must be much earlier because if you do it impromptu it will be very difficult unless you have large funds to buy it, but if you prepare early it will not feel when your portfolio has grown.

The $60K could be a little more before half the price will be exceeded, but we think ahead because the real bullishness must come with joyful expectations.

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February 22, 2024, 07:19:00 PM
Merited by aylabadia05 (1)
 #27

Right now the most important asset is Bitcoin and then I will HODL until bullrun time comes.

It has been since the bearish two years ago buying bitcoin until now because we know that preparing bitcoin must be much earlier because if you do it impromptu it will be very difficult unless you have large funds to buy it, but if you prepare early it will not feel when your portfolio has grown.

The market is increasingly optimistic about another big bull season after the halving, so it makes sense for anyone to buy and prepare their portfolio as best as possible before the bull season begins.

Some of them have missed big opportunities during 2022 to early 2023. At that time the price of bitcoin was very low and at its lowest point after the bearish season, but there were always those who doubted the potential of bitcoin considering that this asset's value was very volatile. Various risk considerations must be think t and perhaps that is why they fail to enter at the right time especially at low prices.


The $60K could be a little more before half the price will be exceeded, but we think ahead because the real bullishness must come with joyful expectations.

There are high expectations that the new ATH will be reached after the halving, not before the halving, but $60k can be expected before the halving as the market continues to see large inflows. Optimistic to hold while increasing the portfolio, it is a very wise decision.

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February 22, 2024, 07:36:53 PM
 #28

Bitcoin is all I need and you can ask me why?

Because Bitcoin is on it irresistible move to $60,000 and more thereafter halving.

Bitcoin isn't all that I need, I need Bitcoin more but I also need other things too. When I'm all into Bitcoin I can easily get scared and will want to sell some part of my Bitcoin to have some profits in cash but when I have everything else including cash I won't be scared. I can keep holding until Bitcoin gets to a satisfying prices. Don't invest more than you can afford to lose, don't go all in into Bitcoin that you won't have cash to do other things or invest into other things by diversifying but not into other cryptocurrency. Bitcoin isn't all you need, you need food, clothes and shelter. Don't make it difficult for you to keep holding Bitcoin, many people invest more than they can lose and when the market has a volatile moment, they'll think that the market is dumping so they sell their Bitcoin which makes them to lose.

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February 22, 2024, 08:22:53 PM
 #29

Bitcoin is all I need and you can ask me why?
I really need bitcoins too, but if I am offered other assets like land, gold or property I will still gladly accept. Ideally If I am offered a land in an area that is heavily flooded and I know will require a lot of money still to develop, now is the time to sell off that property and invest the money into bitcoins as preparation for the bull. There are other ways for me to raise money too like sell off personal belongings like Jewelry and other items, but it has not gotten to that yet, that was my backup plan, but there may never be need for it because my strategy of investing is working so far.

R


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February 23, 2024, 10:51:33 AM
Merited by Lucius (1)
 #30

My conclusion is that we still have the majority of those who want to invest in Bitcoin in the short term (quick in - quick out) and they are always waiting for some kind of sign. Those who have learned from past experiences assume that this year and the next year will be marked by price growth and have already invested when the price touched the bottom.

I'm not saying that now is a bad time for someone to invest in Bitcoin, but those who are only doing it for profit should have done it a long time ago. Invest today and if the price reaches $100k, you will have 100% profit - and if you invested a year ago at a price of $20k, you will have x5 profit, which is a huge difference.
I agree, if you need money then you need to cash out what you need, I did that multiple times for medical reasons, if I am not going to be in comfortable position when I need money then why am I even investing? Of course it would be a sad situation if you get in, the price drops and you have something you need to cash out for, but it is also much better feeling if you get in and price goes up and you can pay for your stuff.

I invest because I want to make sure that I do not face any trouble in the future, and that type of stuff matters, we should be careful about it and we could use our money for our benefit and our ease of mind. I am glad to sell each time I did, win or lose, because I have made my life easier that way.

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February 23, 2024, 11:59:34 AM
 #31

also those who want to do it for profit can still make massive gains, where else would you get
100% profit within lets say for arguments sake 12 months if investing today?


For those who look at the world from a realistic perspective, 100% profit in 12 months must be a perfect thing, but when it comes to those who know that before with BTC you could earn x20 in that same period, or even x100 long before that - then that 100% doesn't seem very tempting, does it? People always want more, that's why they invest in altcoins.



~snip~
I invest because I want to make sure that I do not face any trouble in the future, and that type of stuff matters, we should be careful about it and we could use our money for our benefit and our ease of mind. I am glad to sell each time I did, win or lose, because I have made my life easier that way.


Of course, when an extraordinary situation happens to us, we should not hesitate too much to sell BTC - although it is much more profitable to sell at a time when we have a big bull run and then save that money for emergency situations. The difference between the ATH and the absolute bottom was more than $50 000 last time.

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February 23, 2024, 01:33:18 PM
 #32

I will continue buying the coins and stack it. I know this time Bitcoins are going above 100k USD. Hence if i buy at current rate, I will be still able to make good profits. Hence if you ask me then I will buy more and will hold till the bull run gets over. I am sure many smart traders are already doing it and are in a plan to make 3x the profits in the next few months. Now all eyes on the Bitcoin’s price movement.

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February 23, 2024, 02:31:17 PM
 #33

Because Bitcoin is on it irresistible move to $60,000 and more thereafter halving.

optimism is a good thing, but it must be accompanied by an understanding of the risks. if you believe that the price of bitcoin will go to $60k and could be more than that, you also have to understand that the risk of bitcoin will also fall past $50k, how will you deal with this condition if that happens? and what's the next decision after that? so investors must be able to consider things like that, don't just invest without knowing the risks. because good investors are those who are not only optimistic, but also understand the risks of their investment.

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February 23, 2024, 04:54:37 PM
Last edit: February 23, 2024, 05:05:21 PM by Frankolala
 #34

I don't have any plans of selling now because, the price of bitcoin has not reached my price target, and for this reason. I am still accumulating more bitcoin to my portfolio. it is until bitcoin price has passed the previous ATH that I will begin to feel good buy not to the point of selling when the price has not reached my target selling price.

However, taking advantage of the market now is still a good opportunity for those that gave no bitcoin or have little bitcoin in their bags, to increase their bitcoin holdings since bitcoin price is still at 51K+. I look forward to see bitcoin price hits 100k and above before I will think of what to do next on my bitcoin hodlings.

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February 23, 2024, 08:00:53 PM
 #35

Some of them have missed big opportunities during 2022 to early 2023. At that time the price of bitcoin was very low and at its lowest point after the bearish season, but there were always those who doubted the potential of bitcoin considering that this asset's value was very volatile. Various risk considerations must be think t and perhaps that is why they fail to enter at the right time especially at low prices.
Of course, there are people who typically doubt Bitcoin's potential because this asset is considered very volatile and this assessment is not wrong because Bitcoin and some other crypto assets are very volatile in price.
By setting the goal of investing in Bitcoin if the assessment of Bitcoin is seen from the perspective of being able to gain profits like other long-term investments, in the future they will not regret facing the future because the use of Bitcoin is not for a small scope but for a large scope.

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February 24, 2024, 01:25:32 AM
 #36

Still, keep the DCA going. I'm probably going to up the amount by a bit for a couple of months though compared to the past. No plans on selling immediately, probably a few bits if I need some money to spend since at this point, anything I'd spend came from profit anyway so I have no qualms about losing it to something else. I'd probably sell by next year or something depending on what the price is at that point. No rush though since anything past this point is profit enough for me already even if I keep DCA'ing and no progress shows up till the end of the year.

R


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February 24, 2024, 01:56:31 AM
 #37

While there's still some correction that's happening, what is it with the lowest that we've seen on this cycle compared to the pump that it has got for all of the periods of time? Yeah, bitcoin is all I need. I think it will make more sense if the image isn't all about those TVs, appliances, etc. but altcoins, shitcoins that many are getting crazy because they're justifying that they'll get more gains than them. Well, that's for them but those who has been holding and DCAing, this is the best and profitable ever. Not everyone has got this opportunity to buy at low during that time and when we did, we told them but they've ignored us.

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February 24, 2024, 02:48:10 AM
 #38

I will continue buying the coins and stack it. I know this time Bitcoins are going above 100k USD. Hence if i buy at current rate, I will be still able to make good profits. Hence if you ask me then I will buy more and will hold till the bull run gets over. I am sure many smart traders are already doing it and are in a plan to make 3x the profits in the next few months. Now all eyes on the Bitcoin’s price movement.

But at this point it is probably impossible for any investor to expect a 3x in the next few months. Smart traders should know that. Even 2x will take more than just a few months for it to happen. At the very least, it might take 9 or 10 months to a year for 2x. The price right now is already above $50,000. $100,000 won't happen in the next few months, more so for $150,000.

But just the same, since $100,000 is not a matter of if but when, it is wise to continue stacking sats. Although the price is already higher than the previous months, it would still go higher in the next months and years.
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February 24, 2024, 03:02:26 AM
 #39


https://twitter.com/naiivememe/status/1759584807666000341?t=ggkgMqRoL_xBRc_w0VPq1g&s=19

Bitcoin is all I need and you can ask me why?

Because Bitcoin is on it irresistible move to $60,000 and more thereafter halving.
Bitcoin may not reach 60k by this month but again nothing surprising because if Bitcoin price increases by around 20 percent from current price then we will be able to go to your expected level. I don't think anyone who is thinking of collecting bitcoins is following 60K. They are trying to figure out how to grow their portfolio quickly. Bitcoin ETFs combined with halving will largely cap the momentum of the upcoming bull run, causing Bitcoin price to surpass any previous all time high. At this point I also think there is no option to follow DCA.

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February 24, 2024, 01:03:07 PM
 #40

Now comes the time for forecasts for a variety of Bitcoin prices. Reading analysts, one can only guess who will give the exact figure and who has the most reliable crystal ball. Time shows that no matter what figure we eventually see, there will be those who will say, That’s what I said. But the fact that the majority are still waiting for a three-digit price of one hundred thousand makes it quite interesting to watch everything that happens and test our patience at what figure we can give up. Therefore, it is better to relax and enjoy the fact that we are all in the same boat.

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February 24, 2024, 01:35:04 PM
 #41

I know I am prepared for what is to come. I am not bothered anymore as long as I have been able to accumulate the little my income can afford. Just like the image you shared. Let me put it this way: maybe the guy with so many assets, like tv and all that may have spent a lot more money buying those things than the guy who had bought bitcoin. But those things will perish and lose value with time. While bitcoin won't lose value or perish, instead it will increase, and people who never believed in it from the start will believe in it in the future. By then, those who bought it will be happy as their coin will have so much value.

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February 25, 2024, 06:25:56 AM
 #42

We will wait for bull season and bitcoin will not stop to grow after reaching to the price of 60k$ so we also should not stop our bitcoin investment journey until it reach more than 70k$ or 100k$. We are just watching the upward and downward movement of bitcoin so we should not limit our hopes for just 60k$ but we should wait for more upward price.
In few months there will be 60k$ achievement for bitcoin but no one will want to sell their bitcoin at that price because everyone knows that price will not stop here but will grow even more and more after halving initiates.



 

 

 

 

 

 


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February 25, 2024, 06:45:05 AM
 #43

I know I am prepared for what is to come. I am not bothered anymore as long as I have been able to accumulate the little my income can afford. Just like the image you shared. Let me put it this way: maybe the guy with so many assets, like tv and all that may have spent a lot more money buying those things than the guy who had bought bitcoin. But those things will perish and lose value with time. While bitcoin won't lose value or perish, instead it will increase, and people who never believed in it from the start will believe in it in the future. By then, those who bought it will be happy as their coin will have so much value.

Absolutely but you can also be investing in Bitcoin and also being getting other things that makes life easy, what I think the message should be passing is that we shouldn't use money that we're supposed to be investing to buy things that we won't need. If we're preparing for the bull market we have to be buying Bitcoin because it's the only Bitcoin that can give us guaranteed profits. Those other things that the other person is carrying isn't what you should be buying if you're preparing for a bull run. You buy those things when you want wan to make your life a little comfortable because you'll need those things in your house. There's still time before Bitcoin bull comes into to full effect therefore we shouldn't misuse the time left but start buying Bitcoin and hodling.

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February 25, 2024, 09:58:49 PM
 #44

This is each person's decision whether they want to take advantage or not. But taking a little profit to buy something you want is normal. We still hold Bitcoin and that is guaranteed for a long period of time until a new ATH is reached. And have cash reserves to repurchase from the sales profits. You have to be smart about how to manage, when to take advantage and when to hold back.
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February 25, 2024, 10:27:21 PM
 #45

This is each person's decision whether they want to take advantage or not. But taking a little profit to buy something you want is normal. We still hold Bitcoin and that is guaranteed for a long period of time until a new ATH is reached. And have cash reserves to repurchase from the sales profits. You have to be smart about how to manage, when to take advantage and when to hold back.
I think you've warned me about one thing, exploiting price volatility is certainly a good one to consider. Between cycles, we will definitely get bullish and bearish, even trend changes can also be used to get more returns. Becoming a holder without selling until the target is reached is an option, but several other strategies are also profitable.

Sell some bitcoin during bull market is never bad thing, you are certainly right that we need to enjoy it and buy what we want. As long as we still have assets for the long term, it is not a problem to withdraw some profits to meet our needs.

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February 25, 2024, 11:58:59 PM
 #46

This is each person's decision whether they want to take advantage or not. But taking a little profit to buy something you want is normal. We still hold Bitcoin and that is guaranteed for a long period of time until a new ATH is reached. And have cash reserves to repurchase from the sales profits. You have to be smart about how to manage, when to take advantage and when to hold back.
The market is close to getting bullish already. But the opportunity to buy more and hold more is still there, we just have to recognize the market well so we can maximize our preparation before bitcoin halving and bull run come. But for those who are already satisfied with their current hodlings, that’s also their choice. Or some would even wait for bitcoin price to drop to its dips, that’s also their choice. But as long as there are opportunities on hand, at least we should always take an edge if there also funds available for it.

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February 26, 2024, 04:30:03 AM
 #47

First of all, I don't think 60k is my ideal number, and I also don't think it's because of that amount I have been accumulating Bitcoin through the DCA method for some time now, because I really do believe that due to the limited supply of Bitcoin, it has the potential of going up to 300k, so what am doing now is to accumulate more Bitcoin as much as possible, so I can be in a better position to prepare for the bull run.

Lastly, if you pay close attention to the price history of Bitcoin, you will come to understand that Bitcoin gets better with age, so as long as you are thinking long term as an investor, you will definitely reap the rewards of holding Bitcoin in the nearest future.

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February 26, 2024, 05:28:08 AM
 #48

This is each person's decision whether they want to take advantage or not. But taking a little profit to buy something you want is normal. We still hold Bitcoin and that is guaranteed for a long period of time until a new ATH is reached. And have cash reserves to repurchase from the sales profits. You have to be smart about how to manage, when to take advantage and when to hold back.
I think you've warned me about one thing, exploiting price volatility is certainly a good one to consider. Between cycles, we will definitely get bullish and bearish, even trend changes can also be used to get more returns. Becoming a holder without selling until the target is reached is an option, but several other strategies are also profitable.

Sell some bitcoin during bull market is never bad thing, you are certainly right that we need to enjoy it and buy what we want. As long as we still have assets for the long term, it is not a problem to withdraw some profits to meet our needs.

We must not forget what our purpose is when investing in bitcoin. Is it for profit, is it to improve the quality of life? So, there is nothing wrong for us to make profits and sell our bitcoins to serve and enjoy for our lives. Investing and holding bitcoin is something we must not forget as the bull season is approaching but that does not mean we should stop all our family's daily needs just to focus 100% on bitcoin.
Bull season is coming, bitcoin will make a new ATH, but can anyone guarantee that will definitely happen or is it just our prediction? So don't lose balance in your life just because of bitcoin.

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February 26, 2024, 05:30:48 AM
 #49

I love the caption this is one best photo that i ever seen this year because it completely shows how the person trust and dream over everything.


Quote
Bitcoin is all I need and you can ask me why?

Because Bitcoin is on it irresistible move to $60,000 and more thereafter halving.


https://twitter.com/BTC_Archive/status/1759536216075104306?t=Vqs54a-qEWNZhNgLeSonRg&s=19
I may not answer the same as the picture but Bitcoin is one of my Biggest dream , to Own 1 whole bitcoin that I ever dream for quite some time now.









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February 26, 2024, 01:23:09 PM
 #50


https://twitter.com/naiivememe/status/1759584807666000341?t=ggkgMqRoL_xBRc_w0VPq1g&s=19

Bitcoin is all I need and you can ask me why?

Because Bitcoin is on it irresistible move to $60,000 and more thereafter halving.
...

this is an interesting question, to be honest, bitcoin has become a very profitable commodity today, immune to inflation and also standing independently, there is no doubt about it. continuously collecting bitcoins is something i am doing right now, i will refrain from buying new clothes, new women's bags, new vehicles just to accumulate the bitcoin i have.
Bitcoin will soon experience a halving as usual, at that time (during the halving or after the halving) it is predicted that the price of Bitcoin will increase by several tens of percent. The bull run will not stop, always remember to take advantage of opportunities, it doesn't matter if you sell when Bitcoin hits ATH but use a good strategy so you can get bigger profits too.



BIG WINNER!
[15.00000000 BTC]


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February 26, 2024, 07:19:38 PM
 #51

This is each person's decision whether they want to take advantage or not. But taking a little profit to buy something you want is normal. We still hold Bitcoin and that is guaranteed for a long period of time until a new ATH is reached. And have cash reserves to repurchase from the sales profits. You have to be smart about how to manage, when to take advantage and when to hold back.
The market is close to getting bullish already. But the opportunity to buy more and hold more is still there, we just have to recognize the market well so we can maximize our preparation before bitcoin halving and bull run come. But for those who are already satisfied with their current hodlings, that’s also their choice. Or some would even wait for bitcoin price to drop to its dips, that’s also their choice. But as long as there are opportunities on hand, at least we should always take an edge if there also funds available for it.

That's correct, as there is no need of buying without any strategy due to FOMO, I call into the first category which you have mentioned as I am satisfied with my holdings as I have accumulated a decent amount of Bitcoin due to DCA and I wouldn't be investing unless there is a market correction before the bull run. People need to plan a strategy and then go ahead with it instead of randomly buying or selling.









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February 26, 2024, 08:13:28 PM
 #52

-snip-
That's correct, as there is no need of buying without any strategy due to FOMO, I call into the first category which you have mentioned as I am satisfied with my holdings as I have accumulated a decent amount of Bitcoin due to DCA and I wouldn't be investing unless there is a market correction before the bull run. People need to plan a strategy and then go ahead with it instead of randomly buying or selling.
Accumulation can be done when the market is correcting - that's good because you will earn a lot. But instead of waiting for a correction when the market is bullish - it feels good to buy with DCA on your specified time frame. However - it's up to you what method you think is good, I usually buy and accumulate not only when the market is correcting but also when the market is moving up.

We never know what will happen in the market next - prices can rise higher or fall lower, so just take advantage of the volatility for accumulation instead of ignoring the opportunities. The only regret other people have when the price of bitcoin gets expensive in future is that they didn't buy at what was considered a high price - but just less than a year later it would be considered the lowest price.

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February 28, 2024, 09:25:16 PM
 #53

That's correct, as there is no need of buying without any strategy due to FOMO, I call into the first category which you have mentioned as I am satisfied with my holdings as I have accumulated a decent amount of Bitcoin due to DCA and I wouldn't be investing unless there is a market correction before the bull run. People need to plan a strategy and then go ahead with it instead of randomly buying or selling.
The investors that actually believe in what this market stands for, took the time to invest months or even years ago and do so constantly with the use of a DCA strategy, however there are many investors that are opportunists and they want to just obtain some fast profits, and I think a great deal of them are investing in bitcoin right now, which explains the upward movement we are witnessing, but even if I am happy with the current upward movement, I am not so sure how sustainable it is, and it would not surprise me if a correction was coming and many of those investors lost some money once this happened.

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March 03, 2024, 01:49:23 PM
 #54

This is each person's decision whether they want to take advantage or not. But taking a little profit to buy something you want is normal. We still hold Bitcoin and that is guaranteed for a long period of time until a new ATH is reached. And have cash reserves to repurchase from the sales profits. You have to be smart about how to manage, when to take advantage and when to hold back.
The market is close to getting bullish already. But the opportunity to buy more and hold more is still there, we just have to recognize the market well so we can maximize our preparation before bitcoin halving and bull run come. But for those who are already satisfied with their current hodlings, that’s also their choice. Or some would even wait for bitcoin price to drop to its dips, that’s also their choice. But as long as there are opportunities on hand, at least we should always take an edge if there also funds available for it.
Honestly, as someone who is holding as much bitcoin as I can afford, there is nothing else that I can do. This period has been nice, and if it goes like this until the end of the season, I calculate I could potentially sell all of my coins and pay all of my debt. Which would look not so great to some people because why would you want to sell your coins, but it also means that if I do not have any debt at all, then I could buy more and more bitcoins with the money I normally spend on my debt.

This would open up a potential where I buy a ton of bitcoin during next bear run, and even more profits during next bull run as well. You can use bull runs like that, it makes sense and I have done it before and it helped me a lot for the long term.

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March 03, 2024, 11:51:54 PM
 #55

Each person would have almost same decision even if they would have different time range on when that decision would last, the only way to actually prepare for up or the bull run is to buy more bitcoin and more bitcoin so that the bull run would give you more profits than the rest. I don't think anyone would have a different plan that doesn't involve buying and holding.

Only that it's such a shame for those that are preparing late that didn't well take advantage of the bear season to start buying so they would have bought at more cheaper price, buying now isn't bad but the price of bitcoin is already well on the rise and the demand is higher now than before, and you don't know if this is actually the highest point we would be getting this bull run, besides some bull run in past times had ended quite earlier without even much upward movement.

Those that are buying now are actually taking more risk cause it could well be the highest point who knows all we can do is speculate.
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March 06, 2024, 09:30:07 PM
 #56

Honestly, as someone who is holding as much bitcoin as I can afford, there is nothing else that I can do. This period has been nice, and if it goes like this until the end of the season, I calculate I could potentially sell all of my coins and pay all of my debt. Which would look not so great to some people because why would you want to sell your coins, but it also means that if I do not have any debt at all, then I could buy more and more bitcoins with the money I normally spend on my debt.

This would open up a potential where I buy a ton of bitcoin during next bear run, and even more profits during next bull run as well. You can use bull runs like that, it makes sense and I have done it before and it helped me a lot for the long term.
That is honestly a good move, people really underestimate the amount of money they spend on paying their debts, as it is often the case you need to pay twice or thrice the price of a product has you happen to buy it with cash, so getting rid of your debts thanks to your bitcoin investment is a good move, since not only it will free a lot of capital to buy more bitcoin on the future, but it will also allow you to buy other stuff with the money you have available at the moment, without the need to ask for more loans.

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March 28, 2024, 02:03:37 PM
 #57

Quote from: blckhawk
To answer your question about my decision, I don't think that 60k is going to be my goal so this to me is just a passing number that's not even close to my target price so hopefully I'll still be accumulating at that time and be able to increase what bitcoin I'm currently hoarding right now. My plea to everyone out there, 60k isn't the right price to sell because bitcoin's going to be more than that.
Those that made $60k their target in this season,  I believe they have made plenty profits from their investment because they bought their BTC when the price was around $19k or $20k which are among some of the things that pushed them to sell to cash out their profit on time.

 I know your target is $80k before you can market your BTC, I believe many people target will be achieve soon because the price of BTC is heading to another new ATH that will make majority of hodlers to release their BTC for sale.

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March 28, 2024, 02:33:57 PM
 #58

It's already clear what most of our decision s would be which is to hold, bitcoin is just in it's early stage of bull and we are still expecting a lot from it, the current price of 60k is just a sign that bitcoin would surpass it's ATH by a margin and set a new ATH record of about 150k, I'm saying this this cause we are still not less than 2 months into the bull earlier this January the price was still consolidating around 35k-40k now we are seeing an awesome 60k, anyone who bought around then should already have a doubling effect on his investment, and if you ask me the only way to prepare for more up is to buy even more bitcoin.
I just hope that you'd hold on to that promise that you're hodling past 100k because a lot of people are probably not sharing your sentiment annd it's probably a good idea if you don't do anything irrational in the case that you'd be seeing the price, people tend to break their promise or what they're supposed to do so it's a reminder from me a fellow hodler to you that you'd be strong. I've decided long ago that I'm going to be doing all I can to not sell or even think about selling my bitcoin even past 100k, I'm going to be ambitious.



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March 28, 2024, 03:00:55 PM
 #59

Those that made $60k their target in this season,  I believe they have made plenty profits from their investment because they bought their BTC when the price was around $19k or $20k which are among some of the things that pushed them to sell to cash out their profit on time.

 I know your target is $80k before you can market your BTC, I believe many people target will be achieve soon because the price of BTC is heading to another new ATH that will make majority of hodlers to release their BTC for sale.

The target of $80K is something that is still quite reasonable to hope for by those who bought Bitcoin at the beginning of this year because it is still quite possible for many people to wait for if we look at the price of Bitcoin which is still above $70K at this time. But on the one hand, for those who sell to secure the profits they have made at this time, it also makes sense.

But those who sold everything may never get the chance to buy at a lower price again unless there is a large price correction in Bitcoin after the halving. But I also doubt whether it will happen again for Bitcoin because the potential for a bigger increase is still quite possible for many people to expect from now.

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March 28, 2024, 03:04:54 PM
 #60

This is each person's decision whether they want to take advantage or not. But taking a little profit to buy something you want is normal. We still hold Bitcoin and that is guaranteed for a long period of time until a new ATH is reached. And have cash reserves to repurchase from the sales profits. You have to be smart about how to manage, when to take advantage and when to hold back.
Hodling becomes easy if you have other streams of income and I buy into what you're saying because it's not like you are cheating yourself or losing out if you take a little from what you have, you're only solving a problem with money you stowed away for tough times because it would make no sense that you have money but feel cash strapped to the point where you have to go borrow.
Some miss the point of holding Bitcoin and feel it is a do or die affair, others even lose track of when they are supposed to take in their profits all because they want to hold.

R


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April 27, 2024, 09:05:46 PM
 #61

It's already clear what most of our decision s would be which is to hold, bitcoin is just in it's early stage of bull and we are still expecting a lot from it, the current price of 60k is just a sign that bitcoin would surpass it's ATH by a margin and set a new ATH record of about 150k, I'm saying this this cause we are still not less than 2 months into the bull earlier this January the price was still consolidating around 35k-40k now we are seeing an awesome 60k, anyone who bought around then should already have a doubling effect on his investment, and if you ask me the only way to prepare for more up is to buy even more bitcoin.

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April 27, 2024, 09:24:44 PM
 #62

With all of the market price targets in mind still, my end goal is going to be profit, and probably going to be real estate in the end which is going to be a much safer investment if you're going to ask me for sure it's going to be a huge thing if we are going to Hold Bitcoin for a long time, it might even rich a market price that we don't even think is going to be possible, but if you're just going to hold forever there might be no point at all since you're not going to use that money into something really want to. I mean if your investment was for your future then use it for your future, if you already make enough money then sell it and use it for something that you think is even better right?

So when the Bullrun comes, the only option is to sell for sure since it is the best time to sell Bitcoin, and then I'm gonna wait again for another opportunity to make a profit on it, possibly I might need to accumulate Bitcoin again over but at least I did make a huge profit already, just repeating it overtime is going to make me more profit in the future. I mean with many sources of income this investment just became as a kind of side hustle and I could still survive with my full-time job.


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April 27, 2024, 09:46:46 PM
 #63

It's already clear what most of our decision s would be which is to hold, bitcoin is just in it's early stage of bull and we are still expecting a lot from it, the current price of 60k is just a sign that bitcoin would surpass it's ATH by a margin and set a new ATH record of about 150k, I'm saying this this cause we are still not less than 2 months into the bull earlier this January the price was still consolidating around 35k-40k now we are seeing an awesome 60k, anyone who bought around then should already have a doubling effect on his investment, and if you ask me the only way to prepare for more up is to buy even more bitcoin.
Exactly. Just continue to accumulate more bitcoin while bitcoin price has not yet achieved its new all time high, and then hold throughout the process. This is the best possible way so you can prepare yourself and your portfolio for the next bull run, and reap massive profits in the end. Do the DCA with your spare money, so that you won’t be bothered by price correction that may happen anytime, and won’t end up with panic selling because the price of your investment is dropping.

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April 27, 2024, 11:01:52 PM
 #64

It's already clear what most of our decision s would be which is to hold, bitcoin is just in it's early stage of bull and we are still expecting a lot from it, the current price of 60k is just a sign that bitcoin would surpass it's ATH by a margin and set a new ATH record of about 150k, I'm saying this this cause we are still not less than 2 months into the bull earlier this January the price was still consolidating around 35k-40k now we are seeing an awesome 60k, anyone who bought around then should already have a doubling effect on his investment, and if you ask me the only way to prepare for more up is to buy even more bitcoin.

I agree. in my case I'm waiting for the price of bitcoin to drop to at least $50,000 or even $40,000 so I can buy a lot and do long-term hodl, if the price of bicoin doesn't drop to $40,000 or $50,000 I'll see if I buy at $60,000, The problem with buying at $60,000 in my case is that I think that if I buy at $60,000 and the price goes up to $120,000 then I would have 2x profit, but if it goes up to $180,000 I would have 3x profit, I see $180,000 as being a large increase that is realistic for bitcoin to achieve in the coming years. That's why if I managed to buy at $40,000 or even $50,000 the chances of making a profit of 5x or 4x would be very realistic in the coming years.

I'm monitoring the price constantly so that I don't miss a chance to buy, currently the price is at $63000, and the big support is at $59000, if the price of bitcoin falls below $59000 then it will fall to $47000 or even $40,000 before it starts to rise a lot, and this big drop if it really happens, would be a great buying chance for me. That's why I'm paying close attention to the $59,000 zone, a drop below $59,000 would be my chance to buy low

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April 27, 2024, 11:05:06 PM
 #65

It's already clear what most of our decision s would be which is to hold, bitcoin is just in it's early stage of bull and we are still expecting a lot from it, the current price of 60k is just a sign that bitcoin would surpass it's ATH by a margin and set a new ATH record of about 150k, I'm saying this this cause we are still not less than 2 months into the bull earlier this January the price was still consolidating around 35k-40k now we are seeing an awesome 60k, anyone who bought around then should already have a doubling effect on his investment, and if you ask me the only way to prepare for more up is to buy even more bitcoin.

We can all see that bitcoin price has left that area of 35k -40k because  the past two months before halving has been good move up. Now with halving, we are seeing that the prospect is still high for a good bull ride as investors have been waiting for a drop or correction to their price range to accumulate more but the price have remained almost at the spot before halving , the expectation for correction is high, however the price have remained quit stable.

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mirakal
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April 29, 2024, 01:05:22 PM
 #66

It's already clear what most of our decision s would be which is to hold, bitcoin is just in it's early stage of bull and we are still expecting a lot from it, the current price of 60k is just a sign that bitcoin would surpass it's ATH by a margin and set a new ATH record of about 150k, I'm saying this this cause we are still not less than 2 months into the bull earlier this January the price was still consolidating around 35k-40k now we are seeing an awesome 60k, anyone who bought around then should already have a doubling effect on his investment, and if you ask me the only way to prepare for more up is to buy even more bitcoin.
No doubts about it because doing DCA and hodling more bitcoin is the best option so we can make maximum advantage when bitcoin bull run comes. Although bitcoin’s future will never be certain, but we all know that bitcoin price is designed to appreciate in time, which is total opposite of fiat, that’s why if we can hold longer massive amount of bitcoin, that would probably guarantee excellent profits in the end.

However, it’ still highly crucial to only invest on the amount you can afford to lose. Bitcoin is highly volatile, and so we need to have stable funds first reserved for daily survival, in order to hold bitcoin as a long term investment without getting bothered of its price fluctuations or without sudden decision of selling it because we are in short of our daily budget.

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