Best time of the day to buy Bitcoin

[Fivestar4everMVP]

I have read an article that there is a best time to buy bitcoin. By considering these patterns, we can be able to buy bitcoin at a lowest price.

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.

1. it’s better to buy Bitcoin in the afternoon since prices tend to drop. While the best time to buy Bitcoin is from 3 pm to 4 pm.

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.

 

2. They say, you can also get a good deal from 11 pm to midnight.

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

 

3. Weekend is also the best for people to consider and decide on buying bitcoin since many business people trade Bitcoin on weekdays which causes Bitcoin price go up and the demand increase.

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.

 

4. We should also avoid buying bitcoin in paydays since many people get their paychecks in the middle and at the end of the month. When people have more money in their account, people tempted to spend it and Bitcoin prices can rise quickly.

Still not a enough reason.

Does anyone follow the same this practices? or would you mind share your own practices if you have, to help us get an idea where is best time to buy bitcoin.

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.

[darkangel11]

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?

[KingsDen]

1. it’s better to buy Bitcoin in the afternoon since prices tend to drop. While the best time to buy Bitcoin is from 3 pm to 4 pm.

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.

[Fortify]

I have read an article that there is a best time to buy bitcoin. By considering these patterns, we can be able to buy bitcoin at a lowest price.

1. it’s better to buy Bitcoin in the afternoon since prices tend to drop. While the best time to buy Bitcoin is from 3 pm to 4 pm.

2. They say, you can also get a good deal from 11 pm to midnight.

3. Weekend is also the best for people to consider and decide on buying bitcoin since many business people trade Bitcoin on weekdays which causes Bitcoin price go up and the demand increase.

4. We should also avoid buying bitcoin in paydays since many people get their paychecks in the middle and at the end of the month. When people have more money in their account, people tempted to spend it and Bitcoin prices can rise quickly.

Does anyone follow the same this practices? or would you mind share your own practices if you have, to help us get an idea where is best time to buy bitcoin.

*Source : When is the best time to buy Bitcoin

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.

[cheezcarls]

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.

[darkv0rt3x]

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!

[Findingnemo]

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.

[nullama]

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.

[yazher]

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.

[tranthidung]

There are correlations between timezone, most actively trading time and best time to have cheapest transaction fee. I think it will be reflected on price too and there is correlation between price fluctuation and timezone. However, there is no such best time of days to buy Bitcoin. If the market has no serious crash, price is not much significantly different within 24 hours of a day.

• Guide to check fees: Taker, maker, deposit, withdrawal, transaction fees

Some charts for transaction fees as well as most actively and least actively trading hours.

Best time of days, it depends on each person. If you are looking for time when you buy Bitcoin with least risk of crash after that, you will try to find hours with most boring trading activities, with very little fluctuation of price.

If you are looking at crash to buy dip and enjoy bounce, it is a different approach and you will look at different hours (most actively trading hours as crashes will cause panic, huge liquidations, huge trading volume, etc.)

[Davidvictorson]

Obviously some users have disagreed with the points raised for very obvious reasons. So, I try to I'll help you out. In my own opinion for best time of the day, month or year to buy bitcoin are:

• When you are sober. Not too happy or too sad.
• After you have done your own research and created a budget.
• Not after you have watched the news.
• Not when your friends are buying because they were told to buy the dip.

[nullama]

Obviously some users have disagreed with the points raised for very obvious reasons. So, I try to I'll help you out. In my own opinion for best time of the day, month or year to buy bitcoin are:

• When you are sober. Not too happy or too sad.
• After you have done your own research and created a budget.
• Not after you have watched the news.
• Not when your friends are buying because they were told to buy the dip.

Those are some good points.

I would add that automation usually is the most reliable answer to almost everything.

You can always setup an automatic transfer and/or buy with different banks and exchanges. You could do this every month for a fixed amount every time.

It's the same with saving, and investing. Set it once at levels you're comfortable with, and continue with your life, monitoring it from time to time.

If your situation changes, you can adjust the value, but keep it always active.

[Thara20]

The value of cryptocurrencies fluctuates greatly and is considered a volatile asset class. Because of this, many people believe that they should try to time their investments by making purchases during particular windows in order to receive the best possible price. But since investors all over the world trade cryptocurrencies constantly, it is impossible to predict when the best time is to buy.

Dollar-cost averaging is your best option if you want to invest in cryptocurrencies. With this approach, you make purchases gradually over a long period of time. Even if you make investments at times that don't turn out to be particularly low, you'll still catch times when they are extremely low, so things might even out.

[ibuddy122505]

Bear economic situation can obliterate any portfolio value and they have a risky tendency to delay for longer than anybody anticipates. Luckily, we've Bitcoin one of the beneficial things and motivation to contribute on it regardless of anything. It's sure that BTC market will pullbacks which give investors fair return. Anyway, the individuals who center around his speculation and spend time exploring could flourish them when trends bullish again.

[Nrcewker]

1. it’s better to buy Bitcoin in the afternoon since prices tend to drop. While the best time to buy Bitcoin is from 3 pm to 4 pm.

This strategy is useless, as all traders are not from your county or time zone.
It’s just for own pleasure to say that during afternoon, you can get Bitcoins for comparatively low price.
I would like to add that there is no perfect time in a day to buy the Bitcoins.
Whenever possible and if you extra money to invest, then just buy it. Don’t worry about the price.
As Bitcoins are such coins that you will surely get profit, but yes it will take time.
Nevertheless let’s see what other people have opinions on the OP.

[kryptqnick]

I guess things like time of day matter sometimes, but not generally. If there truly is a consistent pattern and a person is a trader, then playing on these differences of the price can be rewarding (especially if you're operating a big budget). But if it's a purchase for a long-term hodling, I really don't think it's worth a second thought, and things like more long-term trends (such as the price this week compared to last week or this month compared to last month) matter more. After all, the difference of buying BTC for $40k and $20k is very singificant and can be a matter of a month or so.

[Retiicle]

The best time for buying bitcoin is when it is at its lowest. Like now, bitcoin is facing a dip and this can be used as an opportunity for buying bitcoin.

[wiss19]

I think that there is no guarantee that it will be followed every single day so let us not expect waiting on the exact time  frames as we can only get disappointed. It's still possible for the price to dump at any times so if ever you catch it by the time you open your screens then you shouldn't hesitate to grab the opportunity as the price can change again later on.

Weekend is a time for day off for some workers. Not only that the price increase because someone will buy but there will also be sellers during this times. Traders are usually the ones that follows those patterns you describe there op because they are too strict or perfectionist. A small change in the price for them can already make a big difference.

[D ltr]

as we know the time zone in each country is different, the afternoon at your place is not necessarily the afternoon in my country, so I think it all depends on our readiness when to buy btc itself not by looking at the right time (just my opinion about this best time)

[dataispower]

The best time for buying bitcoin is when it is at its lowest. Like now, bitcoin is facing a dip and this can be used as an opportunity for buying bitcoin.

everybody feeling is that the best opportunity and the best time to buy cryptocurrency is when the market is bearish so actually a normal sense that is normal time to buy cryptocurrency for those people that don't have estimate budget of buying or investing in cryptocurrency that is the exact time they have the opportunity to purchase it. But average person who knows the rules of cryptocurrency and they have been investing in cryptocurrency for long time do invest with cryptocurrencies anytime it feels that it is a normal kind of buying cryptocurrency because of it experience and secondly what give them the knowledge to buy cryptocurrency whenever it is high or when it is low, it is because they are a holder what currency for some years difference and they do that they will make profit.