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.
Did actually made the same move or thing on which i did bought my hardware wallet and transfer all of my coins there so that i wont really be able to touch it up in case if there would some pumps like x2 or even x3
because im quite that impulsive when it comes if in talks about short term pumps which i do immediately having that kind of impression on which selling out and secure profits.Its true that there might be some
more possible dumps that could happen along the way considering that we are still approaching halving event and the price isnt that moving that much and having some small increments of decreasing price
which it might be getting even more worst or lower on the time comes or even with this year or early months of 2024 which we know that it is really that near on halving period.
We to those people who do have experience and have been on this market for a while now does really know on how this market behaves in terms of pattern or whatever correlated aspect.
Instead on freaking out yourself on the time that it dumps, it would be wise on seeing this as an opportunity for you to get in instead.