Does it make a difference whether I invest in Bitcoin at the beginning, middle or end of the month? The statistics say: yes, it definitely makes a difference!

In this article you will learn:

On which day of the month to invest in Bitcoin
Why it matters when you invest
How big the differences are between the best and worst days
What explanations there are for this discrepancy

If you've set up a Bitcoin savings plan, you're already doing a lot right. But on what day of the month should you buy BTC? At the beginning of the month? In the middle? Or rather at the end? Which strategy achieves the best results? The German BTC-ECHO conducted a data analysis - and came up with surprising results.

What is a Bitcoin savings plan?

A Bitcoin savings plan follows the strategy of investing the same amount of money in Bitcoin each time with regular breaks. Bitcoin savings plans can be activated monthly, weekly or even daily - in other words, an investment portfolio on autopilot.

The advantage: Especially with volatile assets like Bitcoin, you pick an average entry price and so you generally achieve better overall performance than if you try to time the right moment in the market. But on which day of the month should you invest?

The design of the experiment

Suppose we invested $100 in Bitcoin every month for the past ten years, so a total of $12,000. What day would have been ideal?

If you were to simulate the days, the following top five days emerge on which returns would have been highest.

It turns out that investments from the middle or end of the month yield the best returns. Shown above are the average five best days for Bitcoin investments in each month - the 14th, 15th, 18th, 19th and 25th days. The top five already show clear differences: between day 19 and day 15 there is a difference of more than $6,000 in returns.

If you compare the best day to the worst day, the difference becomes even clearer. Those who invested on every 12th day of the month were able to accumulate a BTC reserve worth 684,702 USD. That is still substantial, but still 18,651 USD less than on the 19th day of the month. We ignore days 29 through 31, since not all months have a minimum of 29 days.

Logically, these results can also be presented in percentage terms. Here the difference becomes even clearer.

Between the best day (day 19) and the worst day (day 12) is a difference of as much as 155 percent.

Possible explanations

Why does it matter what day you invest in BTC? One possible explanation is that employees typically invest in the capital markets with the arrival of their salaries. As a result, prices tend to rise slightly faster at the beginning of the month. Investing asymmetrically towards the end of the month would be strategically smart from this point of view. The data confirm this.