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

[Pandorak]

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/

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[Zaguru12]

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.

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.

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

[tranthidung]

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.

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

[Jawhead999]

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.

[Z-tight]

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

If you think like this, you are probably one of the weaker hands who only buys because of fomo or when BTC's price starts rising, nobody is trying to 'trap' you or any such thing, buying BTC can never be a trap, except you are a short term investor who might not be happy with short term price dumps. Don't buy because of only the fear of missing out and you'll not be affected by price manipulations, buy BTC easier with dca and look at the longer term returns.

[CryptSafe]

Mate, now is the time as you can buy low to feel your bag. Bitcoin price rose to this point just within 24hours as a result of hype from other institutions as said by a poster here.  The market should not be a problem as the bitcoin halving is around the corner.
Any reasonable investor should get into the market now and holding for a long time would definitely yield positive results.
Compared to the last all time high, the current price is just a mere tip of an iceberg.

[CryptoBuds]

Doing careful analysis before investing is actually a good thing, but if you have a long-term investment intention and your goal is only to sell bitcoin when it hits a new ATH, now is the right time for investment. We all know bitcoin is unpredictable, based on technical analysis or history...for reference only, we should not trust it completely, there is no guarantee it will happen. I recommend you buy now and use the DCA strategy, that way you won't miss anything even if the market goes up or down more.

[ajiz138]

If you think like this, you are probably one of the weaker hands who only buys because of fomo or when BTC's price starts rising, nobody is trying to 'trap' you or any such thing, buying BTC can never be a trap, except you are a short term investor who might not be happy with short term price dumps. Don't buy because of only the fear of missing out and you'll not be affected by price manipulations, buy BTC easier with dca and look at the longer term returns.

I agree with you that the OP is really weak-handed because he kept thinking about the increase in the price of bitcoin then when the price was going down what did he do and why is he asking this now when bitcoin reaches $30K?

Don't say this is a whale trap thinking they can do it, but think more positively about bitcoin while it's still low than the previous ATH then make purchases you can afford don't just rely on fomo then it wakes you up again because the price has gone up, and one more don't ask when to buy bitcoin, do it now for OP before you are far behind the current price.

[The Sceptical Chymist]

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!

That's a bad assumption, and most of the answers to OP's question are nonsense because the question itself is silly.  Either the halving has already been priced in or there's going to be a random reaction to it just based on speculation by traders who are trying to guess what the other guy is going to do.

You've seen halvings with other coins before, right?  Just because a block reward is decreased doesn't mean there's going to be an increase in price--not with an asset like bitcoin or any other coin where price is determined solely by supply and demand (and since supply is always known, the price is influenced far more by demand).  I remember the Ravencoin halving, for instance, where everyone was expecting RVN to explode....and it didn't.

There's no right time to buy any cryptocurrency in anticipation of a halving event.  If anyone tries to convince you there is, run away.  Flee from that person and heed his advice nevermore, because there's no good answer to a ridiculous question like this.

[Yamane_Keto]

Suppose, for the sake of argument, that you buy $30,000 worth of Bitcoin and intend to invest up to halving, what is the probability that the price will be higher than $30,000, or how much will the price be? We can say that the price will be $40,000 $50,000 dollars, but the price will not increase more than that. The same thing, if you buy $30,000 immediately after halving and sell after a year has passed, the possibility that you will sell at levels close to 100,000 dollars seems very likely. Choosing the perfect timing is stupidity for those who want long-term trading, and it is a matter of preference for short-term investment if you have another investment with a good return.

Investment is related to planning and economic thinking more than luck.

[Cuenta Alternativa]

I agree with the previous comments that the OP does not seem to have the right mindset. The right time depends on your personal situation, why and what you are going to buy bitcoin for. If you are doing it for the right reasons, for long term holding and with money you can afford not to use for years, the best time is now.

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.

That's it. It seems to me that the OP is trying to time the market. From guessing the low now to trying to guess the highest high of the cycle post-halving to sell, and those who play that game usually get scalded.

[Z-tight]

You've seen halvings with other coins before, right?  Just because a block reward is decreased doesn't mean there's going to be an increase in price--not with an asset like bitcoin or any other coin where price is determined solely by supply and demand (and since supply is always known, the price is influenced far more by demand).

If the other coins you meant are altcoins, it is hard to compare them with BTC, many altcoins are shitcoins that do not have any demand, so even after their halving, the supply is reduced, but demand doesn't increase or possibly can reduce if their hype dies, and as such the halving will have no impact on the price of the altcoin.

Halving may or may not cause an increase in the price of BTC, but it is more likely to cause an increase in the price, though it may not happen immediately. With BTC halving the block reward and supply is reduced, and because BTC is the most useful crypto, the chances of demand increasing is always high, so the price is expected to increase. But like i said, it may or may not happen, and nobody should buy BTC solely because the halving is near, but because they believe in BTC.

[KiaKia]

No one is trying to trap anybody, the manipulation was already a success, the SEC action was to come into agreement with Binance for the exchange to keep working for US citizens, and their major game was to approve ETF, I strongly believe that approving ETF means that the government are now in crypto themselves, there is nowhere to run or hide from the government now, and only Bitcoin is free of this mess.

You should have started buying your Bitcoin Last year when Bitcoin first dumped so hard, we have tasted some new lows since last year into 2023 around 15,000$ to 17,000$, it takes a very smart person to use the fear of dumps to build their next crypto portfolio, it's the best opportunity in crypto that every smart investor should grab.

[Husires]

Bitcoin needs about 6 months of halving to see a clear change in the price, so the most appropriate time for me is several months before halving, then there will be a drop in the price below the nearest 200-Week MA level. The farther the price is from the 200-Week MA, the more it is an ideal opportunity to buy, especially if it is near halving.
هf you don't know about trading the best advice is to learn, stay away from short-term trading, and use DCA if you do not know how to make a decision.

[michellee]

If it is Bitcoin, now is still a good time to buy it, although you can wait for another correction. But that will be a time that we will never know because the movement of Bitcoin nowadays has become difficult to track.

We can only buy little by little and try to collect more Bitcoins. The current price still makes sense to buy, considering the price of Bitcoin can increase from this year until after the halving. So you should take this opportunity to buy more Bitcoins.

But if you are short minded to take the opportunity to buy low and sell high, that's also okay because it all depends on what you want. But for long term investors, they don't go that way because they believe Bitcoin will reach its next peak price and that is the time to make big profits.

[Coin_trader]

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.

Don't make it complicated and make your goal simple if you want to enter before Bitcoin Halving. Ignore the thought that whales might manipulating the price and start buying at any price below ATH because you can surely enter on the Bitcoin market if you do this since you will not be afraid on your purchased.

You will always be scared making your Bitcoin purchased if you will think complicated on what's happening behind while history of Bitcoin price suggest that it always pump during and after Bitcoin halving. DCA and start storing sats now while the price is still on the recovery phase since ATH.

[Yatsan]

As we all know, there's no such way an investor could know the best time to invest on every event tgat is being anticipated such as bullrun. I'd say invest no matter what price it is as long as it is below the previous ATH, and should also be an amount you can endure seeing whenever there would be a dump in the market. The market price won't continuously and consistently increase therefore we should always expect for a dump to happeb randomly or anytime. Waiting for its price to go down that much might either be a waste of time or the best thing to do. The market is unpredictable and waiting for its lowest might make you left with nothing if incase a sudden pump occurs.

[salad daging]

Don't make it complicated and make your goal simple if you want to enter before Bitcoin Halving. Ignore the thought that whales might manipulating the price and start buying at any price below ATH because you can surely enter on the Bitcoin market if you do this since you will not be afraid on your purchased.

There are still many things that make it complicated for them when to buy bitcoin with thoughts like this is the panic that they will feel and always think of others, not even necessarily that there is price manipulation in the market, I don't know if he wants to get the lowest price or he is hit by hype because the price has already gone up, I think this is still the right time for halving, still in less than 1 year, this is still far from the estimated price, so he has to think more clearly, he shouldn't think about the price while it's still below $40K.

You will always be scared making your Bitcoin purchased if you will think complicated on what's happening behind while history of Bitcoin price suggest that it always pump during and after Bitcoin halving. DCA and start storing sats now while the price is still on the recovery phase since ATH.

That's what makes me believe with the history of the 4 year bitcoin cycle where price will continue to increase and we look forward to even higher ATH so I don't think long and look back with bitcoin prices because there has always been a principle to continue to buy bitcoin the DCA way this will buy at an average price later because with this method it will be simple enough for us to collect bitcoins.

[bitzizzix]

If you believe in the events or trails that bitcoin will repeat, you shouldn't care about when is the right time to buy bitcoins. And you would buy it as long as the bitcoin price is below ATH, and even better if you buy it below 50% of ATH and hold it for the long term to achieve what you believe to be a bitcoin event or trail.
and what you should know is that bitcoin is not easy to predict because decreases and increases in bitcoin prices can occur due to various factors that we have never known before, and this must be anticipated because even if there is an increase sometimes it may not happen as expected.
And for me investing in bitcoin by investing long-term is the best choice and just waiting for the price to meet expectations with patience and strong faith, and always take advantage of free time to collect bitcoins or carry out the DCA strategy and sell it back if the price has reached your expectations.

[Oneandpure]

Bitcoin time halving on April 26, 2024 and seems still left 9 months later before halving time, I don't sure right now is the best moment to buy Bitcoin due have many bad news later. But if you want to buy Bitcoin not all in right now and spent few percent from your capital for buying few percent. You can spent about 10% for every time buy Bitcoin and not purchase with all your money buy Bitcoin because still left nine months later before halving time.

Seems before three months from halving its good ideas to buy bitcoin and you can start today spent few percent for investing in bitcoin but not recommended if you all in right now after bitcoin back above $30K.