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.

famososMuertos

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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.

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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

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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.

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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.

superman184

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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.

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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.

Dollar Cost Averaging with https://dcabtc.com/.

It is a helpful tool to backward testing that how DCA application for investment can bring profit or loss.

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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Bitcoin is too volatile to be seriously analysed like that. There's a pretty strong tendency for Bitcoin to recover from the bear markets and surpass the previous ATH point, but the ups and downs in between are unpredictable.
I personally don't think that this is it and Bitcoin won't go below $30k. But I also think that the 15% difference isn't that high, $30k is still a good price, as it's less than half of the previous ATH point.

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I know you're looking to find the best time and lowest price to buy bitcoin because that's what everyone wants, but so far, I haven't seen anyone able to do that. Because Bitcoin is unpredictable, there is no best time to buy bitcoin. Bitcoin is trading at $30k, and no one can guarantee it will fall back, and no one can guarantee it will keep going up, no one knows. So buying whenever you can is the best time.

History does not represent the future, and there is no guarantee that the past will repeat itself in the future. So I don't think, based on all the data from the past, you will find the answer to your question. Remember that everything is relative, and don't miss an opportunity just by focusing too much on the past.

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Bitcoin has been in a bear market for a long time and I don't think you should be surprised by bitcoin going up in price the way it is now so if you want to buy btc you should consider it so you don't suffer losses but if you don't dare to buy now of course you have the potential to miss out train when other people have bought while you are not buying, so buying btc now is very risky because there is a possibility that the price of btc will drop again, that's how people who want to buy btc now have to be prepared to take the risk, but for long term investment of course there is no worry because btc the future has the potential to increase.

but the decision is yours.

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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/

everyday from today till halving happens , that is the best and perfect timing to purchase mate because it is near to come , we are almost in the year of halving so every seconds spare this time is the best possibilities to perform buying.
let me remind you that most of the failed investors happen when they hesitate to purchase .
when the market is going high and low like this 2023.
try not to become one of them mate since you are good in market analyzation so why has this kind of thinking.
forget other things , buy everything yo can afford now before its too late like what felt from their hesitation in all those halving and bullrun coming.

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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.

The best thing would be buying something every month, in that way you can get an average price. The crypto world is changing, and it's changing quickly, so I don't know how much you can trust info from 3-4 years ago or even more. Now there is a country that adopted BTC, there are ETFs that are probably going to be approved, all things that before last halving were hard even to imagine... Don't try to buy at the bottom, it's pretty much impossible, if you're happy with the price just go otherwise you're going to end like those who are still waiting BTC at $5k...

ChiBitCTy

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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're going to be able to gain any sort of tactile advantage by looking at the price history of bitcoin around the first halving. Bitcoin was a very different thing back then, and this recent price rise is about a lot more than just the upcoming halving. There's a lot going on in the new, like the stuff with Blackrock /ETF.

As always, I suggest buying using a dollar cost averaging. There's nothing wrong with making some of those routine payments a little fatter if you think things are going to take off..but DCA is really always the way to go if you're worried about big losses from trading.

landheer

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indeed if we are interested in buying btc it would be better if we buy at a lower price, for example btc is in the range of $19k then it will definitely be even better, but I think that for now it will be difficult for btc to fall to a low price like $19k because The bitcoin halving is just around the corner so in this case it's up to you whether you want to wait for the btc price to drop far or not? if you want to wait, yes, happy waiting.

Or it could be if you are interested in investing in BTC, do the DCA system in purchasing BTC.

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We can't be sure of a certain time period as the right one to experience success out of buying bitcoin. Based on what I've come across whenever there is crash in the market we should have the understanding to invest what we were able to do. This can be small fund or big, which isn't a matter. Because people used to regret after they miss opportunities. When the market used to experience a downfall, they find this to be fearful and stay away from investing. When it comes to bitcoin one should have the trust as well as the ability to hold with patience.

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Quote from: Mr.suevie on June 23, 2023, 01:56:20 PM

Quote from: nakamura12 on June 23, 2023, 12:51:31 PM

I think the best time when to buy Bitcoin is when it's price is at its lowest price as of this time before the price will increase again (like reaching ATH) if you want to earn profit within a span of short time. As they have said, it is the same as what I said that this time is when it is a good time to buy BTC. We won't know and even expect that BTC will reach the ATH again.

Many people actually think the dip is actually bad, but in a right sense the dip is actually the most favourable time to buy let's look at the massive dip that happen to the market at the 2022 which gave chance to many investors to actually buy at that low price and if actually you bought back that time by now you must have gotten some nice profits to actually capital you used in buying.

the dilemma of some buyers at the dip is when will it go up again. because they have short-term plans as they need the funds, they are hesitant to buy more as there is no concrete timeline when they can get back their funds.
but if you have the leeway to wait, you can always buy whenever you think is favourable to you. as it sits, there's no right or wrong time in buying some satoshis. so long you know what you're getting into and know how to strategize to take advantage of this market, there's nothing to worry about.

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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 suppose you can buy BTC at anytime you want, since BTC is for long-term hodling, so it's nearly impossible to get a good profit with btc in a short period of time. So I think halving is not so important, moreover, halving can start without preceeding bear market.

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When the btc price goes to down then you should bought btc for best time. A dip price not a bad for investors but it can make big profits. I was bought btc when the price was under 20k but now it has rising 30k so you can justify now i am in good profits.

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Quote from: nakamura12 on June 23, 2023, 12:51:31 PM

I think the best time when to buy Bitcoin is when it's price is at its lowest price as of this time before the price will increase again (like reaching ATH) if you want to earn profit within a span of short time. As they have said, it is the same as what I said that this time is when it is a good time to buy BTC. We won't know and even expect that BTC will reach the ATH again.

Many people actually think the dip is actually bad, but in a right sense the dip is actually the most favourable time to buy let's look at the massive dip that happen to the market at the 2022 which gave chance to many investors to actually buy at that low price and if actually you bought back that time by now you must have gotten some nice profits to actually capital you used in buying.

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