Are you ready for the Bitcoin bull market? What's your plan? Some ideas for you

[UNIVERSE]

Well, what you say is true because currently many people prefer to keep bitcoin for a very long time because they have seen the potential that bitcoin has which can return to high prices, so there are many people who state that bitcoin can be used as a for long-term investment so not many people want to sell bitcoin quickly after buying it.

As you said, Bitcoin is indeed suitable for long term storage, but it all depends on the economic conditions of the person doing it, because so far it is possible that if you have a job in the real world and you have other work from this forum or other then you save the results from what what you have done, but if your financial condition is unstable then I am sure you will sell it when you get a profit.

We have more of short term holders than long-term holders. There are some people who are buying now because they have seen that the price of bitcoin has the potential to rise to 100k and above, and that is why they are buying now so that they can sell at 100k price and above. Also some investors have this idea of buying at the dip a d selling at ATH, which such investors only invest for four years because they have not understand the compounding value power of bitcoin. I will sell only 30%  of my bitcoin portfolio, and hodli the rest for the next circle.

The price has broken the past ATH. It has reached $70K in CMC. But now, the price is dropping quite small into $68.5k.
Not sure it will be at that rate for long time or will probably be down again to reach higher price. But, we know that many new investors may become more enthusiast to buy omore BTC because of this current rising. 

Usually, when the price of BTC starts to climb high, there will be many new investors who enter BTC because of FOMO. However, the results will still depend on their understanding of investing in Bitcoin. There are a few people who still think this is a way to overcharge highly. And this is the problem.


In fact, if we look at the various cycles so far, this is not yet a halving and there is still a lot of potential for future increases. So, it won't stop here. In fact, we are expecting to see a new ATH every week. There are many predictions that BTC prices will skyrocket, but still, stay on track so we can invest as optimally as possible.

[tranthidung]

The price has broken the past ATH. It has reached $70K in CMC. But now, the price is dropping quite small into $68.5k.
Not sure it will be at that rate for long time or will probably be down again to reach higher price. But, we know that many new investors may become more enthusiast to buy omore BTC because of this current rising. 

Coinmarketcap use an averaged price from some exchanges in their price calculation formula to get a price for Bitcoin. That ATH is not too impressive and we shortly see pull back, not only once but two times. It will play as a strong resistance for Bitcoin before it strongly breaks out from there.

In fact, if we look at the various cycles so far, this is not yet a halving and there is still a lot of potential for future increases. So, it won't stop here. In fact, we are expecting to see a new ATH every week. There are many predictions that BTC prices will skyrocket, but still, stay on track so we can invest as optimally as possible.

We are witnessing a first cycle that Bitcoin can climb nearly to a past ATH and even mildly breaks above it, a first time ever in history.

With 6 months of growth, since 2023 till February, if Bitcoin has a deep correction before its halving, I see it very normal. Don't think that Bitcoin Spot ETFs will help price rising unstoppable. Of course if you have bitcoin, hold your bitcoin, don't sell at this moment. If you don't have it or want to accumulate more, waiting for a correction will be my advice.

[philipma1957]

A lot depends on how much btc you have and at what price did you pay for it.


If you purchased 2 coins in NOV 2022 at 16k each you now have two coins at 72k.

That would be 32k into 144k.

You can sell .5 and get 36k still hold your 1.5 btc

I  can see that some did this which is why price is facing resistance.

I think we may soon have a bigger move up. As the people that got in at 16-17k will soon feel they shaved off enough. Once that happens we could jump up a lot more.

[tranthidung]

A lot depends on how much btc you have and at what price did you pay for it.


If you purchased 2 coins in NOV 2022 at 16k each you now have two coins at 72k.

That would be 32k into 144k.

You can sell .5 and get 36k still hold your 1.5 btc

I  can see that some did this which is why price is facing resistance.

It is good to take profit partially in order to get initial capital back and keep it safely. Nothing to lose when taking profit especially it is to defend your initial capital. By this strategy, even if Bitcoin crashes to $10,000, there will still be profit, not losing anything.

After rising 6 months, it makes sense to have a correction and I am not surprised if it is a big one before Bitcoin soars more.

I think we may soon have a bigger move up.

With Bitcoin Spot ETF heating up the market, more capital will come in future, future supply will drop 1/2 after the halving, price must move up a lot.

Dark green color is for USA. Spot ETF inflows.

As the people that got in at 16-17k will soon feel they shaved off enough. Once that happens we could jump up a lot more.

They can hold to wait for higher prices after halving or partially take profit like above method which is not bad at all.

By having many people taking profit now and many leveraged people in the market, if the market has a big correction, it will give Bitcoin a more healthier market to rise up more in coming months.

[jeraldskie11]

A lot depends on how much btc you have and at what price did you pay for it.


If you purchased 2 coins in NOV 2022 at 16k each you now have two coins at 72k.

That would be 32k into 144k.

You can sell .5 and get 36k still hold your 1.5 btc

I  can see that some did this which is why price is facing resistance.

It is good to take profit partially in order to get initial capital back and keep it safely. Nothing to lose when taking profit especially it is to defend your initial capital. By this strategy, even if Bitcoin crashes to $10,000, there will still be profit, not losing anything.

After rising 6 months, it makes sense to have a correction and I am not surprised if it is a big one before Bitcoin soars more.

Agree with you, taking partial profit is good. It's the best way to secure some profit whenever the market falls down again. But not only that, it's also best to set your stop loss into breakeven so that your capital will be secured when there is a massive dump. It's usually happens in the market since there is a manipulation and the cryptocurrencies are volatile. Personally, when the price go up I moved my stop loss into breakeven and took a partial profit so that it will minimize the stress and helps you to wait patiently to hit at your desired price.

[JoyMarsha]

My recommendations

Don't try to find All time high, you can not predict it correctly and you will only know ATH of a cycle after you are already in a bear market.

In exact sense, a crypto trade should have a price at which they are going to sell their bitcoin holdings. If it is at $100k, they should hodl your bitcoin to it get to that price.

The mistake some traders always make is to have a way beyond price tag of bitcoin, thinking that bitcoin will reach $500k in this bull run. Whereby the last bull run wasn't close to their speculated price target of $500k, rather it was $69k, only close to $100k. However given an ATH of bitcoin in this bull run, the price of bitcoin is supposed to fall within the range of $100k-$150k

[TopT3ns]

Agree with you, taking partial profit is good. It's the best way to secure some profit whenever the market falls down again. But not only that, it's also best to set your stop loss into breakeven so that your capital will be secured when there is a massive dump. It's usually happens in the market since there is a manipulation and the cryptocurrencies are volatile. Personally, when the price go up I moved my stop loss into breakeven and took a partial profit so that it will minimize the stress and helps you to wait patiently to hit at your desired price.

Dumps on a large scale usually occur after the halving, so when the halving is over, I prefer to sell all the assets I own and will come back again after the bearishness is over and entering the altcoin season which usually occurs after one year of the Bitcoin halving.

[tranthidung]

In exact sense, a crypto trade should have a price at which they are going to sell their bitcoin holdings. If it is at $100k, they should hodl your bitcoin to it get to that price.

You only can do this if you invest or trade with your own money. No loan, no leverage, you can hold your bitcoin till your target price.

Another important condition is you must manage your capital well enough. Well enough means you reserve part of your capital for your life expenses, emergencies and so on. By having it, you will never or very less likely have to sell your bitcoins before the target price.

The mistake some traders always make is to have a way beyond price tag of bitcoin, thinking that bitcoin will reach $500k in this bull run. Whereby the last bull run wasn't close to their speculated price target of $500k, rather it was $69k, only close to $100k. However given an ATH of bitcoin in this bull run, the price of bitcoin is supposed to fall within the range of $100k-$150k

They usually lift up their target price and they don't understand about historic cycles and prices, ATHs of Bitcoin. It is understandable that in a bull run, when parabolic curve begins, Euphoria phase is reached, we will see many people predicts that Bitcoin will hits $1M, $10M in future like 2030, 2032, 2040. It triggers dreaming target price of newbies and they stuck at top of the market.

Psychology of market cycles

[tranthidung]

People believe that TradFi participation in the market this bull run will make it completely different than past bull runs. "This time will be different" is a very expensive saying in any market.

Will we actually have a different bull run this time?

Time will tell but now, let's check Weekly Percent Supply in Profit, from Crypto Quant.

You are free to interpret the chart but first, let's see this

When the weekly Supply in Profit exceeds 95%, a 🟡 Alert appears on the chart. In the previous cycle, it took 173 days from the first signal to the peak of the cycle.

This relates to the question of why TradFi is so actively buying coins on the spot market.

My opinion is, retail investors and Bitcoin whales were given some months to action ahead of TradFi companies behind Bitcoin Spot ETFs. Price rose a lot some months before the approvals from SEC and if this conspiracy theory is true, it makes sense that even TradFi whales still believe in history, nothing different this bull run in their thinking.

Bitcoin enters price discovery

[bettercrypto]

Last year, I was still preparing for the bull run because I didn't want to have any holdings when the run came. And most of my holdings are cryptos, and some are meme coins too. And only a few bitcoins I applied to DCA due to its lack of priority.

And until now, I have continued dca because we are still in a declining period and we should take advantage of it so that our earnings will be good in the bull run that we are facing now.

[armanda90]

Agree with you, taking partial profit is good. It's the best way to secure some profit whenever the market falls down again. But not only that, it's also best to set your stop loss into breakeven so that your capital will be secured when there is a massive dump. It's usually happens in the market since there is a manipulation and the cryptocurrencies are volatile. Personally, when the price go up I moved my stop loss into breakeven and took a partial profit so that it will minimize the stress and helps you to wait patiently to hit at your desired price.

Taking profit as longer possible is very important in trading or investing, most of investor keep longer holding for long term although their investment have increasing higher price and raise up more than 30% profitable earn. I learn with my fatal mistake when loyal holder until my altcoin assets without get valuable yet, if has opportunity to take profit I will sell my coins more than 80% and priority for holding only 20% if get chance increasing more higher price in the future, but if price dropping not get much losses.
Don't blame when holding bitcoin or altcoin always prefer taking profit and return back your capital, hold profitable as long do you want when its drop have secure first with capital.

[IvugeoEvolutionCoin]

Last year, I was still preparing for the bull run because I didn't want to have any holdings when the run came. And most of my holdings are cryptos, and some are meme coins too. And only a few bitcoins I applied to DCA due to its lack of priority.

And until now, I have continued dca because we are still in a declining period and we should take advantage of it so that our earnings will be good in the bull run that we are facing now.

As long as you apply the DCA method to buy bitcoin then it is a pretty smart choice, but when you buy meme coin to store it for a long time it seems like it will pose a very high risk for the growth of the assets you own.