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.
People who act in a planned manner usually achieve their goals. People who buy coins after the bull season comes also make a profit. Not everyone's economic conditions are the same, so not everyone can afford to buy coins now and wait. So I can't blame them. We can enter the crypto market early or late. We can make a profit in both options. Those who invest early and save coins, of course, make more profit. If they can manage to wait. However, some people can buy crypto with large amounts of money and earn more profit after the bull season starts. So this may differ from person to person. The crypto market can generate income for every investor.
Another situation is this. People who invest in the long term and say they will not sell Bitcoin before it reaches a certain level are generally more comfortable in the crypto market. Because they generally do not use the money they invest because they have the capital to use when they need it urgently and they can wait for their investments to appreciate. This is a big advantage.