As you know bitcoin halving is a few months away (first quarter 2024) and then we may have bull season in 2024/2025. We are all excited about the bull season but no one prepares for it. People start buying Bitcoin and cryptocurrencies when the bull market is in progress and the prices are already high. Some even have the fear of missing out and buy at the top of the bull market. The result is that most people lose money in bull season too.
So in order to have maximum benefits in the bull market, you should have a plan and start executing it unless it is too late.
I have already accumulated bitcoin in my portfolio (70% of my portfolio is in bitcoin) which i will not sell until we are above the all time high again. Similarly, i have bought some major cap coins and a few others low cap too which i think will perform well in the bull season. I have been doing this for the last 3 to 4 months, buying some at every dump.
If the market dumps further, I will not panic and if I have more spare money, I may accumulate more bitcoin. I am confident that this bull season will be the best so far as it will be initiated by institutional investors.
Also, to keep my bitcoin secure and to remain calm in times of dump, I have moved my bitcoins in cold storage so I never get tempted to sell on small profits like i won't be selling on 2x profit if bitcoin reaches 50,000$. My targets are clear and will sell in parts after bitcoin reaches new highs.
Putting down a prepared plan on how you'll be accumulating your portfolio that you can make big profit in the next bitcoin ATH is also tied to your source of income, how steady it is and how much is left on you when you take away a spare amount for your investment plan. Your plan is good but it may not work for those with low income, except they wanna starve while stacking.
And I think a good portfolio plan towards the ATH is one invested only in bitcoin, those altcoins ain't dependable and the risk is that they may not pump along with bitcoin when the ATH eventually take place. I don't really see investment in altcoins as reliable one counting the risk involved with alts.
Am going to agree with you that in the aspect of not selling in a hurry when the bull arrives and also buying in within such period too is not duly profitable compared to buying now in the dip.