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Author Topic: As Bitcoin Prepare for more Bull, What's your Decision  (Read 435 times)
Dailyscript
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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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