When is the right time to buy bitcoin before the halving?

Pandorak

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Quote from: Zaguru12 on June 23, 2023, 08:35:43 AM

But my advice is do not wait until any moment or anticipate any lows, just buy when you have funds for it and probably use the DCA method when doing so.

Thanks for the advice to do DCA, but i don't have enough money to do that, i just want to invest my current money and entry in the right time.

Quote from: Zaguru12 on June 23, 2023, 08:35:43 AM

You can actually get the price charts from coinmarketcap but I don’t see them having that which is dated back before 2013 but still you can make your analysis from the 2016 and 2020 halving period. Here is a direct link to coinmarketcap chart from 2013 to date

I said before that cmc doesn't have complete data for bitcoin price history. So, it won't work for me.

Quote from: tranthidung on June 23, 2023, 08:47:04 AM

Use this one

https://bitcoin.zorinaq.com/price/
It has price data since 5th October 2009. The best one I know.

If you want more sites which are worse than the above one, with less data.

Services Providing a Complete History of BTC Prices

This is what i'm looking for, thanks for providing it for me and the people who are discussing here. i really appreciate it.

Ok, i think i should lock this topic until i reopen it after doing my personal analysis, too many people are not responding on point, saying i'm a weakhand and stuff like that. Everyone, i know that bitcoin is a safe haven, but that's not what i want to discuss here.

hd49728

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Quote from: Rikafip on June 25, 2023, 09:31:07 AM

The right and best possible time to buy bitcoin is now! If you obssess yourself by trying to figure out the best possible moment to buy, chances are that you will wait for too long and end up paying much more than you would if you didn't wait. After all, no one can really time the market and thos who tell you that they can and know when is bottom are full of shit.

Buy bitcoin now if you don't have to borrow money to buy it.

Bitcoin has only less than 12 more months till its halving in 2024 and 11 months are good enough to plan your accumulation. Price will not rise too soon or make a new all time high too soon, we have months until the halving but accumulation should be started right now.

Quote

My suggestion is to look into DCA (dollar cost average) method to get a habit of buying bitcoin regularly and to stop thinking too much about price volatility.

DCA https://dcabtc.com/

Looking at lowest prices year by year will help to debunk that fear.

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Quote from: usekevin on June 25, 2023, 05:17:55 PM

So the price of bitcoin will cross the value of 40k in this July month.

You can't be sure about that as it can go stagnant and stay on the $30k mark for several months. But I'd love to see it again back in $40k and so $30k-$35k could become the support.

Quote from: usekevin on June 25, 2023, 05:17:55 PM

It’s essentially to hold for the longer period,So it help us to earn more money from it.July month will going to be a huge rise in the price of bitcoin.It’s essentially to hold till this year end for more profit.

I am not this confident but after the halving, that's where my confidence is going to grow. So July is still a good time to buy without any expectations that by that month if it's gonna be fine and nothing unusual could happen.

usekevin

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After huge struggles,the price of bitcoin had reached the value of 30k dollars.Many traders who brought above the value of 30k dollars was holding for long period.So the price of bitcoin will cross the value of 40k in this July month.It’s essentially to hold for the longer period,So it help us to earn more money from it.July month will going to be a huge rise in the price of bitcoin.It’s essentially to hold till this year end for more profit.

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Quote from: Rikafip on June 25, 2023, 09:31:07 AM

The right and best possible time to buy bitcoin is now! If you obssess yourself by trying to figure out the best possible moment to buy, chances are that you will wait for too long and end up paying much more than you would if you didn't wait. After all, no one can really time the market and thos who tell you that they can and know when is bottom are full of shit.

Can't argue with that instead with the idea of Bitcoin ever up trending, I also think now is the best time to buy Bitcoin.

Quote from: Rikafip on June 25, 2023, 09:31:07 AM

My suggestion is to look into DCA (dollar cost average) method to get a habit of buying bitcoin regularly and to stop thinking too much about price volatility.

Nothing beats cost averaging especially when the market is still in bearish sentiment. Regular accumulation using free money is also the best thing.

Quote from: The Cryptovator on June 25, 2023, 04:22:02 PM

Were you aware of the Bitcoin market when it was hovering around the $16,000 range? If not, you missed out on a significant opportunity to accumulate Bitcoin, especially considering the halving event that took place. However, if you ask for my opinion, I believe that the current period is also favorable for purchasing Bitcoin, but only if you are willing to hold onto it for a longer duration. If your intention is to hold it for a shorter time, it would be advisable to wait for a dip in the price and then accumulate it.

The belief of the ever-increasing price of Bitcoin, it is never too late to invest in it. It doesn't matter whether we missed out on $1 price or $16 or $10k. What matter is that we made a first step of investing in Bitcoin. The entry price is negligible because of the ever-increasing price belief. Our investment today will still give us a good profit in the future.

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Quote from: Pandorak on June 23, 2023, 08:10:20 AM

... After getting the data later, i will do my personal analysis and present it here too, thank you.

Well... without going very far on January 1 of this year bitcoin was at +16k. Good price, just like the one you have now, consequently there is always the possibility that bitcoin offers you a profit margin, for now, but apparently, for example, 100% is not enough for some and they want to get the magic formula "the best price," today is a good day to buy, if you go to hodl, for another situation, then, you go do what you said...

BenCodie

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Firstly, please don't mislead people by posting your analysis here. If you want to post it, then put it in the speculation board. Asking a question like this, then posting an analysis - it doesn't make much sense.

To answer the topic though. The best time to buy was every week since inception and that is the same strategy that will work for the next 10 years. Work, get paid, invest weekly, your average cost will move with BTC and in the long run you will end up on top, essentially multiplying your wage.

Yamifoud

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I say YES. Don't wait for the price to surpass $31k but rather take the opportunity while it was at $30k. Because as the halving comes closer, demand keeps growing and it drags the price to move high as well. Having those insights will give us a hint about when to buy and we should not wait to get started before lifting our hands and clicking BUY as it supposes to happen before.
We can apply DCA if we want, the most important is that we are taking action before it is going late. It was a smart and recommendable decision to be made but yes, that was your decision as well.

The Cryptovator

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Were you aware of the Bitcoin market when it was hovering around the $16,000 range? If not, you missed out on a significant opportunity to accumulate Bitcoin, especially considering the halving event that took place. However, if you ask for my opinion, I believe that the current period is also favorable for purchasing Bitcoin, but only if you are willing to hold onto it for a longer duration. If your intention is to hold it for a shorter time, it would be advisable to wait for a dip in the price and then accumulate it.

MFahad

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The current price of bitcoin is above 30k$ and its not stable yet so try to wait for lower price than the current because if you buy bitcoin at 30k$ and it suddenly goes down for longer then it will be unprofitable for you.

Sometimes history don't repeat itself so it you are in hope that halving will occur and you select bitcoin investment at 30k$ and halving fails to take place then much more time will require to recover that sum of money.

I don't say that buying bitcoin is not profitable and will never enable you to take your profit but I want to mention a point that take every step Wisely and always decide buying when cost is not as higher to take more time to recover your money as well as take profit

Ultegra134

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Quote from: el kaka22 on June 25, 2023, 11:39:53 AM

I think it was a good time to buy bitcoin before it reached 30k, people keep asking if it will go up even more and should they buy it but they ignore the fact that we already bought it at 25k because we knew this would happen. Why would anyone not purchase bitcoin all this time and then suddenly start asking if they should buy it now.

I wonder why you haven't beforehand, that would have been a good thing. I hope that it would be a good period eventually and we would do better, it is not going to be a bad thing to purchase now neither, but if it goes down, be ready to buy more. If you want to buy now but you will be inclined to sell when it goes down, then do not buy it, I would suggest do not get involved with crypto at all. Just buy when it's low, sell when it's high.

Is there actually an ideal time? Probably not; we often keep overanalyzing and end up not taking advantage of the opportunities that are presented to us. There will always be a better price and moment than the one you've purchased; that's something we unfortunately cannot predict beforehand. The ideal strategy would be to create a budget to spend an X amount of money on a daily, weekly, or monthly basis to acquire Bitcoin, using the known Dollar cost average technique (DCA).

Bitcoin is still relatively affordable compared to November's ATH of $69,000; thus, any price significantly lower than that isn't dramatically awful. Certainly, those who took advantage of prices below $20,000 are already making a decent profit, but there's still time.

Z-tight

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Quote from: flyingcarpet on June 25, 2023, 12:05:16 PM

Some investors want what they want right away. That's why they make mistakes. Bitcoin spent a lot of time around $25,000 as it hit $30,000. Then why didn't they take it? If they don't have the strength to wait, they will start asking the same questions after each level.

That is how weak hands in the network behave, they wish to buy BTC when it is low but they do not because they don't fully believe in BTC and they'll only buy when the price starts to rise as they don't want to miss out. This group is responsible for some of the price movements that occurs in the network, they sell once there is an event that causes panic and this makes the price to fall, they also buy when there is an event that causes a small pump, and so they make it pump more, i believe that with fewer weaker hands, the price of BTC will fluctuate less frequently.

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Quote from: Pandorak on June 23, 2023, 08:10:20 AM

As of June 22, bitcoin finally managed to be at > $ 30,000 ^[1], no one knows whether this is just a trick from the whales who want to trap us so that we think this is the right time to buy bitcoin.

When others are selling and price is lower than it's usual price then it's the best time to buy Bitcoin and accumulate it before the halving.
I think in 30k level Bitcoin is still a good choice for investment because market is moving forward and several pumps are expecting with technical analysis and also have an effect of Bitcoin halving. So try to do investments part by part and do DCA and don't find cheap rate always which is like imagination to invest in because you may miss the real Bullrun.

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Quote from: el kaka22 on June 25, 2023, 11:39:53 AM

I think it was a good time to buy bitcoin before it reached 30k, people keep asking if it will go up even more and should they buy it but they ignore the fact that we already bought it at 25k because we knew this would happen. Why would anyone not purchase bitcoin all this time and then suddenly start asking if they should buy it now.

I wonder why you haven't beforehand, that would have been a good thing. I hope that it would be a good period eventually and we would do better, it is not going to be a bad thing to purchase now neither, but if it goes down, be ready to buy more. If you want to buy now but you will be inclined to sell when it goes down, then do not buy it, I would suggest do not get involved with crypto at all. Just buy when it's low, sell when it's high.

Some investors want what they want right away. That's why they make mistakes. Bitcoin spent a lot of time around $25,000 as it hit $30,000. Then why didn't they take it? If they don't have the strength to wait, they will start asking the same questions after each level. The person whose message I quoted said how to behave in general. Buy when it's low, sell when it's high. Or always hodl.

el kaka22

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I think it was a good time to buy bitcoin before it reached 30k, people keep asking if it will go up even more and should they buy it but they ignore the fact that we already bought it at 25k because we knew this would happen. Why would anyone not purchase bitcoin all this time and then suddenly start asking if they should buy it now.

I wonder why you haven't beforehand, that would have been a good thing. I hope that it would be a good period eventually and we would do better, it is not going to be a bad thing to purchase now neither, but if it goes down, be ready to buy more. If you want to buy now but you will be inclined to sell when it goes down, then do not buy it, I would suggest do not get involved with crypto at all. Just buy when it's low, sell when it's high.

Crypt0Gore

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Question: When is the right time to buy Bitcoin before the halving?
Answer: Before the halving.

I believe you already have the answer to your question because you knew that something good always happens after Bitcoin halving, that's why you craft this question using 'before the halving' ,it will be stupid of you not to know that before the halving is the right time to buy Bitcoin.

So, sorry I have to say that you already have an answer to your question, and if you don't, just buy after the Bitcoin halving then.

Rikafip

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The right and best possible time to buy bitcoin is now! If you obssess yourself by trying to figure out the best possible moment to buy, chances are that you will wait for too long and end up paying much more than you would if you didn't wait. After all, no one can really time the market and thos who tell you that they can and know when is bottom are full of shit.

My suggestion is to look into DCA (dollar cost average) method to get a habit of buying bitcoin regularly and to stop thinking too much about price volatility.

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Quote from: mendace on June 25, 2023, 08:41:58 AM

Actually when I say that there is no better time to buy Bitcoin I don't mean that now it is worth 30k and later 100k but I simply say that 1btc=1btc and believe it or not when mass adoption comes this will be more clear to everyone.

Buying is about price and not only about time, because when someone wants to buy, the main thing that he will see is the price besides the time or a certain moment when he wants to buy Bitcoin. Meanwhile, the expression 1btc=1btc is a very basic expression for me because it can not only be said for Bitcoin, but also for other things, so I think even if you don't say about 1btc=1btc, everyone will understand and know how Bitcoin is when they get used to Bitcoin.

The price of $30K against the price of $100K is a huge difference for those who buy to make a profit, even if it is for the price of one Bitcoin. So the time may always be good to buy Bitcoin if they know that in the future there will be a good moment that can make the price increase. Examples such as halvings and also rumors about the adoption of Bitcoin will increase, but the problem is that it cannot be known with certainty about Bitcoin.

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Quote from: Plaguedeath on June 25, 2023, 08:19:52 AM

There's no such right time or wrong time to buy Bitcoin, all you need is just buy it and hold until the halving event occur. If you keep waiting, you will not know when you need to buy because you're looking to buy Bitcoin at the lowest. If you worried you're buy at high, you can use DCA strategy, this will make you keep focus to invest in Bitcoin without need to worry if you buy at high or low.

That's right, no one can know when is the best time to buy bitcoin, bitcoin is unpredictable. Trying to find a bitcoin bottom will only make us miss more opportunities. Like when bitcoin dropped to $15k and many people were still trying to find lower lows, and they ended up missing the bottom of this bear season. The best way OP should use is DCA, apart from DCA, we still don't have a more effective method for predicting the bottom.

mendace

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Quote from: darkangel11 on June 25, 2023, 08:30:20 AM

Quote from: mendace on June 25, 2023, 04:54:49 AM

In truth I think there is no right or wrong time to enter bitcoin because I think it is always the right one. I also think that we can all consider ourselves the first to have believed in this technology so we can consider ourselves really lucky to buy again when Bitcoin is at 30k.

That's what I try to tell people when they ask me this question. If you don't own any bitcoin, any time is fine as you want to increase your exposure from 0 to anything above 0. Since you don't know when and by how much bitcoin will grow in a cycle, you should always own a little.
The BlackRock news made bitcoin go up by 10%, but what if another country decided to adopt it? We'd have a similar bullish move. The deal is, you want to be there for these moves, even if bitcoin is only 1% of your savings.

Actually when I say that there is no better time to buy Bitcoin I don't mean that now it is worth 30k and later 100k but I simply say that 1btc=1btc and believe it or not when mass adoption comes this will be more clear to everyone.

Topic: When is the right time to buy bitcoin before the halving? (Read 465 times)