Topic: Best time of the day to buy Bitcoin - page 4. (Read 893 times)

Sounds like a good idea but this is too just speculation who knows if these sources came from a pumping group where they will gonna show you it's working first then they will gonna make their moves when some people bought a big amount of bitcoins then they will change their course. Don't be fooled by such kinds of tips whether it's real or not, make your own decision and your own research about it because nothing can lure you into their trap if you know what you're doing and importantly you can save yourself from losing your investment.

Best time to buy Bitcoin is always 10 years ago or so.

It doesn't really matter at what time of the day you're buying. Price will move up and down randomly in the short term, averaging out any differences in the long term.

Also, if you're doing this often, probably you're not using a lot of fiat, which also means that the differences in price are minuscule.

There's no need to worry about timing this, just be consistent and patient.

When its 4 pm here, its not same everywhere in the world so the article you're talking about isn't really effective unless you're talking about an exchange which is operated in only certain regions or probably matches with p2p like LBC and others. Apart from these there is no best time, right now is good to go all the time and make your purchase orders.

I would say it's time whenever you have available fiat. And don't worry with the price of Bitcoin. Just stack sats everytime you have fiat available and you don't need it in a rush. DCA everyweek or so... I do it monthly because unfortunately my month is always shorter than my wage! xD So I have to do it at the very beginning when I still have fiat available and then I just have to wait for the next month. I'm one of those that live paycheck to paycheck!

Best time of the day? I hate to say this but there is no best time of the day for us to buy Bitcoin. Anything could happen without warning whether if it goes up or down unexpectedly. Although I do dollar-cost averaging (DCA) on Bitcoin every month, I just don't really mind about the date and time because I knew that whenever it goes down it'll always come back stronger than ever just like in the past few years of numerus bear runs.

As others have already said, this is pretty dumb because there are 24 different timezones around the world, yet you've given zero context to which one you would be buying in. You should learn a lot more about how the world works and business before seeking to give advice on such topics, as this seems like very naive advice to be giving. There will be certain timezones that you could potentially target, maybe outsize the general waking hours of the US who will tend to have more money to buy into the market or any sell off might happen outside those hours. Generally active trading is a poor strategy for over 90% of people, it takes a lot of practice and time of day will have very limited impact on results.

This is a pure crap. It doesn't make sense logically let alone technically.
Let me analyse this;

• What is the reason that you want to buy bitcoin by 3pm and 4pm? Because it is when the bitcoin price drops. Let me ask you, if you watch your chart by 7am and the bitcoin price has already dropped, will you still wait for the said 3pm or you will buy by 7am? This shows that your chart shows when the price is dropped and not by time.
• I have a friend that leaves in Asia, so how can I reconcile my time with his, such that we can both buy by 3pm or 4pm?

These craps doesn't work and if they had everly shown signs of working, it's in early days of bitcoin when the volume is small and any slight strategy of few people seems to play out.

Total bullshit if you ask me. We all know that the US trading hours are different from EU and Asian trading hours so which hours are the best. You decide to buy in the afternoon of the US time and the EU has a big dump a few hours later or there's a big pump from Asia...

Decide what are you buying bitcoin for? Do you want to buy in the afternoon to sell in the morning f the next day for 1% in profit or do you want to hold and wait for a real move?

Sorry to say that I personally do not agree with the points listed below because they are all temporal, by temporal, I means they can only work for a very short time if at all, it's works, I will give my reasons.

When you say afternoon, I could have agreed cus we all have afternoons, though we all have different afternoons, like my afternoon can be your morning and your afternoon can be my evening or even night, and Bitcoin has one price globally, it's not like fiat currencies that varies in usd price from country to country, now here is the logic, we all have different timezones, bitcoin does not have a price that varies from timezone to timezone, it has one price globally, so if you are buying in your afternoon and I am buying in my afternoon, it means we are buying bitcoins at different price, you see this doesn't make any sense.

 My comment on point 1 should tell why I also disagree with this point too.

 I can agree to this to some extent, but then, the reason (that people trade bitcoins on weekdays) is not strong reason enough to qualify this as the best time to buy Bitcoin.

 
Still not a enough reason.


To be honest, Ive never followed this kind of practice, Infact, I didn't even know such a practice exist.
For me, I always buy Bitcoin for two purposes.
1. When I have a need for it for personal use.
2. As an investment

1.
When I have need for bitcoin for personal use, it doesn't matter what price bitcoin is trading at, it doesn't matter whether it is going up or down, I just buy it and use it for what ever I am buying it for.

2.
If I am buying bitcoin as an investment, then I monitor that market and try to see how low the price can go, then I wait and try to buy at the lowest price, and if after buying, price continues to down, I will keep buying more if I have funds left, but if I don't have funds left, I just hodl what ever amount I've bought until am in profit, then I can decide whether to sell or keep hodling.

If truly this was the case ho you can easily get the best Bitcoin prices then most would have been buying at a good price but you know why this cannot work?
1. Different time zone all over so the timing won't work.
2. Even if it were the same time zone all over hypothetically and people know this, guess what, higher demand during these times will mean what? force the price up.

I don't think that any of this actually works. I mean even if you know when to buy, you still have to figure out when are you going to sell.
Let me decompose your statements for you:

1) Ok, you buy in the afternoon, but we're in a bear market. Next month Bitcoin is down 25% from where you bought.
2) Same as first.
3) This is non-sense. The fact that an asset is traded more during weekdays does not correlate in any shape or form with its increase in price. In other words --> trading activity <> buying activity. See the first 2 points.
4) Believe me, money coming from paychecks is nothing compared to the trading activity of institutional investors (of the so-called 'whales' essentially). Even if the fact that people make most of their Bitcoin investments on paydays the impact on the market would be insignificant is what I'm saying.

I am not sure about the "afternoon" part, because this is not like the stock market, bitcoin is traded 24*7 for 365days and hence somewhere or the other it is afternoon.

But I do see differences during paydays and weekends, the former showing a slight bullish trend and the later showing stagnancy or even a bear trend.

To be honest, time of day is not that much applicable to an asset that is traded every second in my opinion. Some others might think otherwise - but I feel it is an oversimplification of trying to fit bitcoin into the already existing fiat asset classes.

For me the best time to buy bitcoin is when it is in the bear market, that is what newbies should keep in mind.

There are different countries people available here it will better if you put utc time here. And it is doesn’t matter for holders but if you do day trading and want some profit Daily then it can work for you. But it will not happen every days. It is just happen for some days but if market get crash then it will not work. And you will get a big loss. So i suggest you to do hold. Now market is on soo dip so it is good time to buy and keep holding.

Nah, I don't think there is a best time since the market is open 24x7x365. So somewhere around the globe, it might be afternoon for traders, but on the other part, it might be midnight.

But I remember this report 2 years ago: New Analysis Finds That Mondays Are the Best Days to Buy Bitcoin.

There is some data presented in it, but then again, it's really up to us to believed on this report or not.

The perfect to purchase Bitcoin is before and after the closing of daily candle UTC timezone depends on the trend. Because the price usually drop are recover a bit before it continue the trend to fill the CME gap.

We have different time zone so it will be very hard to get the perfect timing forbest buying opportunity unless the event same to all of us which is daily close and open.

Timezone.  I think he forgot that.
There's a good day but not time and I think it was discussed in the Trading Discussion but sadly it's difficult to find. Also, not everyone agrees with the theory since there are circumstances it doesn't really happen.
All you could do is keep an eye over all the exchange and see if there's a similiraty on which day it is best to buy. But I doubt there is a real perfect time to do it.

And which timezone does this article give? Or does it assume that everyone is living inside North America (which ironically has 4 different timezones itself)?

If you do not have an assumption of what timezone these times are based in, then you can easily come to the wrong conclusions about the best times of day for you.

All of this are pure conclusion with no proof that people look at this as reason for them to execute their orders. But actually you can buy anytime you want as long as you are in right mind doing decision because bitcoin is volatile and every move is crucial on this. Weekend is somehow good but it doesn't give us guaranteed good entrants if we want to buy on this day because sometimes in crypto market didn't move according to what we like.

Why do you have to mind "best time of day to buy Bitcoin"?

Daily trading is bad as you will lose your mind with market changes. Dollar Cost Averaging is good and with it, you don't have to mind price change in a few days, few months. Therefore best time of day to buy Bitcoin is not a solid question.

The website unbanked.com looks informative and I will find some informative articles to read. Thanks for sharing.

In return, I share https://dcabtc.com/

yes there is some ettituete that when someone says they read something, others might want to be interested in reading it too after seeing what the poster says.. but its not a plagiaristic requirement to reference it, where there are punishments like getting sued for not quoting the source..

this is not some scholars dissertation portal
its a discussion forum

it doesnt really matter about plagiarism. most peoples posts are not individual thoughts anyway, but just repeated scripts of something they heard a friend say or read somewhere.

the amount of times i heard people repeat silly things word for word from someone else in their little boys club, or something they read that was spoonfed to them does irritate me, but at the same time its not plagiarism.

yes its good to reference stuff just for detail sake of people wanting to find out more, if they are interested in a topic.  but its not an actual requirement..

like its not plagiarism to say that bitcoin is a purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a financial institution.

yes its from the white paper of bitcoin. but thats not plagiarism even if it is word for word. no money is being made from saying it. and this forum does not require people to have to reference the bitcoin white paper every time they say it.

dont be anal about thinking plagiarism is a big thing on a discussion forum.  this is not a university.
its a discussion forum not a scholars dissertation submission portal.


there is no academic credit system that gives people a qualified degree/certificate that can change someone's life prospects by this discussion forum