Quote from: Troytech on Today at 12:00:41 AM

Quote from: JayJuanGee on February 15, 2024, 10:36:33 PM

Quote from: Justbillywitt on February 15, 2024, 09:32:03 PM

Quote from: 348Judah on February 15, 2024, 05:54:44 PM

Quote from: JayJuanGee on February 15, 2024, 03:42:47 PM

Sure, we might get some more dips from here, and we might even experience greater than 21% dips, but I would not count on it. and the ONLY way that anyone can somewhat relax in terms of buying more BTC at this point is if he has already bought and is already sufficiently stocked up, otherwise, it seems better to just continue to buy however much you are able to buy without overdoing it... and you have to figure out what is the difference between buying as much as you can without over doing it and overdoing it, especially since you will not really know if you over did it, until the emergency comes and you are not prepared financially and/or psychologically.

you're on point Jay, i got your scope in advising on this, the present pump may only be the means to encourage and compensate those that have already been holding for long, even before the halving on the onset of bullrun, they can start to enjoy the benefits of doubt they have all made in making bitcoin their investment asset, so for those holding for a while, they can still hold more till we arrived at a new all time sooner before or after the halving, even though it has always been a custom that we see the bullrun after the halving and not before, things can however change at this time, we should keep on the holding, for those planning to invest, its also the best timing right before the main bullrun begins.

What's happening now is the pre halving pump. I have carefully observed that months leading to the halving bitcoin do pump more and dump less. I think it's just bitcoin following the same pattern of the established norms. So I don't think anything will change from previous times. It's very unlikely that a new ATH will be set before the halving. Since it has not happened this way for the previous halvings that has occurred. Bitcoin is just following it's natural sequence, that's why we are seeing this continues high. This continues new high will now usher the new ATH few months after the halving.

Have you also considered @Justbillywitt that bitcoin will frequently break past patterns? and that there is no real rule in which limits how far any kind of pump or dump might end up playing out?

In other words, overly reliance on past patterns in regards to what you believe is most likely to happen might not sufficiently/adequately prepare you for what actually ends up happening. Yeah, there are various ways to frame history in order to spin where you believe that we are based on where we came from and where we might be going, but at the same time, even though we can look at similar facts (charts and information regarding what is happening) and still come to a lot of varying conclusions regarding various possible scenarios regarding where we might be going.. including being financially/psychologically prepared for what ends up playing out, which may or may not allow you more time to accumulate at these prices, even if you might be planning that you are going to be able to accumulate more BTC around these prices...

In other words (am I running out of words?), there can be some value in terms of front-loading your BTC holdings, even if you end up screwing up and paying more for your cornz than you otherwise would have paid if you had been more patient.. and on the other side of that same, perspective is to consider whether you have enough corn in the case that BTC prices shoot up from here, rather than staying in some kind of zone that you thought to be helpful to your own speculations in your abilities to accumulate BTC in the coming months.

And that is one thign I always had in mind when making any decision concerning my investment in bitcoin,"what if bitcoin reaches a peak from here would I also be amongst the testifies or do I have enough bitcoin in my stash to benefit from the bull run". And that's why I get aggressive at times with my investment not because of greed but I always have this feeling I started late and I want to try as much as possible to take a leap, and mind you I'm doing this out of the comfort of a huge capital I already had at hand and moreover my business is paying of quite good and I still have that extra cashflow coming in, so when I say I aggressive I mean investing more than I think I should, and I managed to achieve this comfort by actually chunking down my expense, I call it discipline and I think newbies like me should try it too, cause I know if you want more bitcoin then you must also find ways to increase you allocation and also income.

And yes no need to be in such a haste or end up forgetting to build up your emergency funds or reserves or even keeping a good float which I Don't forget to do. And moreover I have prepared myself for every market movement that I think possible and I am taking action based on the possibility of my senerio happening, just that I chose to favour this one irrespective of anything. It could be a wrong choice and I could turn out to be a good one, all I am is prepared, but at the same time I know I can't be fully prepared.

That's what you have to prepare for, and you have to be consistent if you feel it's too late, although it's never too late if you do it for the long term because in the long term Bitcoin will always provide very satisfying returns.
And all of this must also be supported by our regular income and if you don't have a steady income and you believe that Bitcoin will provide benefits for you in the future, make that your motivation to look for it or do business. Because that way you can accumulate Bitcoin regularly and can also prepare emergency funds and also meet your needs, and all of this must be thought carefully and a solution must also be found so that everything runs well.
And in my opinion there is no problem selling a small part of Bitcoin's profits when it reaches its new ATH, and just to enjoy the profits or you have the desire to realize something you have dreamed of for a long time. And after that you continue to carry out your plan to continue collecting Bitcoins and it would be better if you increase your purchases when the Bitcoin price is falling, and use Bitcoins for your future and also to realize what you want.