Post
Topic
Board Altcoin Discussion
Re: Be watchful it's not yet time
by
Oilacris
on 14/09/2023, 20:15:06 UTC
You are right, the bull run has not started yet. I thought 1 month ago that the bull run has already started but then I was wrong. I understand after reading the posts of some senior brothers, it is not a bull run. But now I see almost all coins are damping the price a lot. I hope the bull market will start within 2-3 months. I want to invest some amount from my fund in different coins and hold.

Usually bull runs start after the halving, and we have time till our next halving. It will not start in 2-3 months, not even in Q1 2024, because the next halving will be on April 26, 2024. There are some other factors too that initiate a bull run, so it is hard to say the exact time, but it usually occurs 3–4 months after halving.

That is correct, the catalyst for a bull run is the halving, and if I'm not mistaken, the schedule is around late March or early April. So there's a lot of leg room still for us to continue to fill our bags with the coins that we think that can give us good profits in 2024-2025.

So I do like what the OP says here, it's not time and we don't want to swim in the idea that we are in the bull run when obviously, the price is till very low and majority of the altcoins are still in the -90% from it's all time high.
From my experience, buying some coins today would be a good move knowing that coins are cheap since we are still in the bull market. I personally filling my portfolio now with coins that I like and of course I anticipated that I will make a profit in the upcoming years. I missed my chance from the past bull market and now I don't want for it to happen again, there's still plenty of time to buy coins in the market. I believe that buying before and after the halving will generate us profit from altcoins but the difference is the amount of potential profit. The lower we can buy is the higher we can maximize our profit.
But people do still hesitate on doing so or on simply having those DCA considering that the price is really that low or still cheap but the sad thing that most people would really be that sitting idle and observant and rather on taking up some step they do just simply wait and make the opportunity passes or missed out on which this had been always the case. This is why it would really be that wise on seeing into those past events and happenings about its movement in regarding into its potential not only solely speaking with Bitcoin but also in other coins as well.

We do know that this market does have its own cycle whether bearish to bullish and in between those gaps then you should really know on when to accumulate and when to sell if you do have the opportunity. It is really just that people do really miss out on making those entries because of doubts and uncertainties but i couldn't really blame them out because you would really be
molding this kind of emotion and approach considering on how random this market is.