When is the right time to buy bitcoin before the halving? - page 2.

hd49728

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

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.

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With DCA, you will reduce panic, fear and get better ROI.

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darkangel11

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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.

ElmedoRator

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I do not offer specific advice on buying Bitcoin before the halving, the crypto market is very volatile and unpredictable. Whether you should buy Bitcoin or not depends on your investment goals, personal finances, and level of knowledge about cryptocurrencies. I think the current price level or around it with a 50% margin is worth accumulating, and the halving is just one of the small reasons we see significant volatility with more information later. Each person will have a different way of investing, so in my opinion as long as you have researched and have a specific strategy with your investment.

Plaguedeath

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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.

CODE200

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Quote from: serjent05 on June 24, 2023, 05:15:04 PM

The right time to buy Bitcoin is when you have the fund to buy it and the market is in a bearish state. It simply means the price is at its low and since the Bitcoin market happens to be cyclical it is observed to increase in price as time goes by.

You're right in that the right time to buy is when you already have a fund but I think that in this context, it's already implied that you already have money and I wouldn't say that the bearish season is the only right time to buy bitcoin, the right answer should be any day now because if you plan to hodl for a long time, you wouldn't mind the prices fluctuating to the point that you're initial investment is higher than the current price. Buying during a bearish season is an opportunity but not a right time because no one knows when will it happen exactly and it's impractical to wait for it.

bayu7adi

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I made this post a few days back. Let's dive into the fascinating realm of BTC's movements during the halving cycle. It appears that Bitcoin is poised to breach the resistance level at 32k. However, if your future goal is to sell it in two years' time, now would be an opportune moment to purchase bitcoin (according to the accompanying graph).

Quote from: bayu7adi on June 20, 2023, 12:26:25 AM

I am still studying the charts diligently, seeking to gain a deeper understanding of the potential outcomes and their connection to recent events.

I perceive this as a grand scheme orchestrated by the whales. The decline in Bitcoin's price is quite customary, and I had actually foreseen it happening prior to the halving. I hope the upcoming halving scenario won't deviate significantly from the previous one, allowing us to witness a new all-time high (ATH) by 2026 at the very least.

Pandu Geddon

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Quote from: Bananington on June 25, 2023, 07:35:56 AM

The right time is always now. If you had it in mind and have the funds for it, make your estimate, take action.
The current BTC price stands between 28-30k now. If it hasn't gotten to 30k as at the time of this comment, then it would, before the next expected halving.
We are already getting some signals about a likely bullish season now, but the certainty of its longevity is what that isn't known.

The right time to buy is definitely now. If you trading, do so. If you HODLing or just want to accumulate pending the scarcity of BTC after the halving, it's a good idea and do so too.

yes the Bitcoin market situation is quite stable in the price range you mentioned. and it happened for quite a while, there were very few pumps and dumps. and it repeated several times.
some safeguards have shared that at the current market situation it would be best to collect more Bitcoins before the pump will occur. although we don't know when it happened, but we can collect now to get more Bitcoins.
I also bought some when the market was in a downturn before this. I don't think the situation will make Bitcoin price fall any further. but I will not regret it if it happens.

GreatArkansas

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

(...)
So, i just want to ask anyone here who has data on the monthly price of bitcoin before the first halving happened (November 28 2012), this will not only help me, but also help others to be aware and understand the current situation. After getting the data later, i will do my personal analysis and present it here too, thank you.

If we will base it on history or previous Bitcoin block halvings, the answer is "YES". It is always a good time to buy Bitcoin every time before the block halving happens.

But that "before" is not days or weeks, as you can see in history, months before the exact day of the Bitcoin block halving, price started to rise from the bottom, which for me it's already a sign.

Bananington

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The right time is always now. If you had it in mind and have the funds for it, make your estimate, take action.
The current BTC price stands between 28-30k now. If it hasn't gotten to 30k as at the time of this comment, then it would, before the next expected halving.
We are already getting some signals about a likely bullish season now, but the certainty of its longevity is what that isn't known.

The right time to buy is definitely now. If you trading, do so. If you HODLing or just want to accumulate pending the scarcity of BTC after the halving, it's a good idea and do so too.

mendace

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Quote from: GigaBit on June 24, 2023, 10:45:12 PM

Many believe that it is not very appropriate to invest in Bitcoin based on a specific time event. Because Bitcoin halving next year may happen or not, it cannot be said with certainty. Blue whales are always trying to get the most advantages from the market. A slight change in the price of Bitcoin in recent times can create a kind of FOMO among investors. But investing in Bitcoin is only an effective strategy if an investor has a long-term plan. It is impossible to know when Bitcoin will rise or fall. What is possible is to invest in bitcoins a certain amount of money using DCA. Only those who try to use this strategy can benefit from Bitcoin for the long term purpose.

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.

GigaBit

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

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. With reason fear of that happening, i tried to dig into the bitcoin price history data at CMC, after i got the data, i found that there was some missing data there.

I would say this weeks rice is actually based on the hype from the numerous institutions applying or go into bitcoin ETFs and also the news about some countries creating their own exchanges. But this shouldn’t be a thing of worry because this and so much hype is definitely going to suffice before the the halving. But based on bitcoin past history’s, this current situations are just creating FOMO. After the hype us died down bitcoin will go back to normal.
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.

Many believe that it is not very appropriate to invest in Bitcoin based on a specific time event. Because Bitcoin halving next year may happen or not, it cannot be said with certainty. Blue whales are always trying to get the most advantages from the market. A slight change in the price of Bitcoin in recent times can create a kind of FOMO among investors. But investing in Bitcoin is only an effective strategy if an investor has a long-term plan. It is impossible to know when Bitcoin will rise or fall. What is possible is to invest in bitcoins a certain amount of money using DCA. Only those who try to use this strategy can benefit from Bitcoin for the long term purpose.

Minhxx

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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. With reason fear of that happening, i tried to dig into the bitcoin price history data at CMC, after i got the data, i found that there was some missing data there.

So, i just want to ask anyone here who has data on the monthly price of bitcoin before the first halving happened (November 28 2012), this will not only help me, but also help others to be aware and understand the current situation. After getting the data later, i will do my personal analysis and present it here too, thank you.

[1] https://coinmarketcap.com/currencies/bitcoin/

Looks like you missed the opportunity just finished when bitcoin 25k $. I am always greedy to hold bitcoin when the whole market is panicking.FUD is just the purpose of whales to make us scared to sell our assets at a low price.

posi

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Quote from: serjent05 on June 24, 2023, 05:15:04 PM

The right time to buy Bitcoin is when you have the fund to buy it and the market is in a bearish state. It simply means the price is at its low and since the Bitcoin market happens to be cyclical it is observed to increase in price as time goes by.

Though I am curious as to why @OP is looking at the history of Bitcoin price during halving, it made me think that @OP is learning whether a history repeat itself and be able to find a good entry point in reference to the halving event.

I think he is relying on history to analyze and choose the best time to buy bitcoin, but there is no guarantee that history will repeat itself in every detail. There is nothing wrong with doing thorough research before investing, but we also need to remember that bitcoin is unpredictable, so don't be too subjective that history will repeat everything.
You are right, the best time to buy is when we have the money and are still in the bearseason. Like when bitcoin dropped to $15k last year, when I didn't have too much money to buy it, it couldn't be called the best time to buy it.

Asuspawer09

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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. With reason fear of that happening, i tried to dig into the bitcoin price history data at CMC, after i got the data, i found that there was some missing data there.

So, i just want to ask anyone here who has data on the monthly price of bitcoin before the first halving happened (November 28 2012), this will not only help me, but also help others to be aware and understand the current situation. After getting the data later, i will do my personal analysis and present it here too, thank you.

[1] https://coinmarketcap.com/currencies/bitcoin/

In my opinion, below 30k$ for sure is a great number and a great opportunity to buy Bitcoin, I mean there is plenty of room for profit on that for sure when the market price skyrocket that is surely going to attract a lot of investors, and probably could easily surpass the last all-time high in the market. You need to accumulate a lot of bitcoin at this time because the price didn't skyrocket yet which just means there is still time, personally, I would prefer for the bitcoin market price to stay below 20k at thing moment because I can still buy it at a lower price, I cant buy at the top since its going to be risky that just means I couldn't HODL and wait for more profit higher than the last ATH because it is already so risk. The best time to buy is now because the market wasn't hyped yet so you better start buying now there is still time before the next halving.

panganib999

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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. With reason fear of that happening, i tried to dig into the bitcoin price history data at CMC, after i got the data, i found that there was some missing data there.

So, i just want to ask anyone here who has data on the monthly price of bitcoin before the first halving happened (November 28 2012), this will not only help me, but also help others to be aware and understand the current situation. After getting the data later, i will do my personal analysis and present it here too, thank you.

[1] https://coinmarketcap.com/currencies/bitcoin/

I say you buy it months before it actually happens cause the closer you get to the date the higher the value of bitcoin will have been already and if you're someone who looks to maximize their profits during halving, you wanna buy bitcoin at the lowest entry point possible. Just buying bitcoin as early as 3-4 months before the halving commences is more than enough time to account for dumps that may happen, pumps that are unprecedented, and all that price-changing happenings. I personally buy bitcoins 4 months before the halving, then do DCA until the halving arrives so I could maximize as much profit there is as possible although it's not something that I'd recommend for everyone to try since it requires you to have a large investment pool.

serjent05

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The right time to buy Bitcoin is when you have the fund to buy it and the market is in a bearish state. It simply means the price is at its low and since the Bitcoin market happens to be cyclical it is observed to increase in price as time goes by.

Though I am curious as to why @OP is looking at the history of Bitcoin price during halving, it made me think that @OP is learning whether a history repeat itself and be able to find a good entry point in reference to the halving event.

jeraldskie11

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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. With reason fear of that happening, i tried to dig into the bitcoin price history data at CMC, after i got the data, i found that there was some missing data there.

So, i just want to ask anyone here who has data on the monthly price of bitcoin before the first halving happened (November 28 2012), this will not only help me, but also help others to be aware and understand the current situation. After getting the data later, i will do my personal analysis and present it here too, thank you.

[1] https://coinmarketcap.com/currencies/bitcoin/

I don't think you can rely on the first halving to predict what will happen next. I couldn't find any data from 2012 on coinmarketcap, and even in tradingview, I can only see data from 2018. I believe that the most recent halving stage on which you should rely is in May 2020.
When you look at the chart, you can see that a few months after the latest halving, the price increase in an impulsive move, creating an ATH. It is not impossible to achieve the same result in the next halving, which is scheduled for April 2024. So for me, now is the best time to buy some cryptocurrency before April 2024.

Bitcoin Halving Countdown - CoinWarz

bayudndy

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This market has many newbies who have the same thoughts as you, and I can't give any real advice that you should experience it for yourself to find those things, in the investment story and choose the time to have it. A lot of opinions are given like that I won't pay too much attention to news and events coming out, because I invest in bitcoin because it's bitcoin. I just want to have more bitcoins than that, and of course the time factor that comes with it in fiat terms that I see is real.

Wakate

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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. With reason fear of that happening, i tried to dig into the bitcoin price history data at CMC, after i got the data, i found that there was some missing data there.

So, i just want to ask anyone here who has data on the monthly price of bitcoin before the first halving happened (November 28 2012), this will not only help me, but also help others to be aware and understand the current situation. After getting the data later, i will do my personal analysis and present it here too, thank you.

Based on your topic, asking when the right could be to buy Bitcoin is very funny since you know that the next halving is not far from now so why still asking when will be the best time to buy for you to make a good profit. You can start buying and accumulating your holdings now before the end of the year because the bullish trend that is coming is going to be profitable. There are also good coins we can buy in the market that will give us good profits from holding them so we don't have to miss the opportunity now to buy and keep some holdings for the bigger, profitable season loading.

Vinaa77

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Quote from: Jawhead999 on June 23, 2023, 09:11:15 AM

Assuming Bitcoin price always break the new ATH after every halving event, the previous ATH was $69K, so the right time to buy Bitcoin before the next halving is when the price is still not reach $69K, it's mean now is one of the right time to buy Bitcoin when the price is still half!

If you mean the right time is when the Bitcoin price hit the lowest before the next halving, then good luck to wait for it.

Yes, we assume the same as you, considering every halving there will be a good event for Bitcoin in the future, and now trying to find the right time to buy Bitcoin, we think this is one part of it, and considering this the price is still relatively lower than before . better keep buying before the next halving arrives.

Topic: When is the right time to buy bitcoin before the halving? - page 2. (Read 467 times)