Topic: Monday Is the Best Day to Buy Bitcoin? - page 5. (Read 1168 times)
I already answer it in our local board which for me, there is no exact day for buying bitcoin and just go with the flow like if you see the price is going to down, it's the time to buy, and if you see the price is going up maybe its the time to sell. It's hard to monitor the movement of bitcoin that's why we should be aware all the time and maybe if you see the opportunity to buy, you should grab it and never waste that chances to earn.
That doesn't sound bad at all! Buy Bitcoin on Monday before you spent everything you have for that week, first Bitcoin than everything else.
Friday should be a good day for buying Bitcoin too, before the weekend!
This is some fun probably. My salary is on a month basis, after 1th I receive it, and when I take care of everything with part that is left I buy
Bitcoins. I never thought about which day of the week it is!
Friday should be a good day for buying Bitcoin too, before the weekend!
This is some fun probably. My salary is on a month basis, after 1th I receive it, and when I take care of everything with part that is left I buy
Bitcoins. I never thought about which day of the week it is!
Looks like I'm the bad idiot for never paying attention to which day of the week is important to buy Bitcoin;)
I think if you stop trying to make 1% more and save 1% on price, you'll be fine. OK great, so if everyone buys only on Monday this year, then wouldn't price stop being so good on Monday? People forget, for price to go up, it needs demand. I think it's safer to just get in as regularly as possible. Let everything else take care of itself.
I think if you stop trying to make 1% more and save 1% on price, you'll be fine. OK great, so if everyone buys only on Monday this year, then wouldn't price stop being so good on Monday? People forget, for price to go up, it needs demand. I think it's safer to just get in as regularly as possible. Let everything else take care of itself.
Maybe you are right as I have observed bitcoin prices are trading high for the week on Sundays during 2016 and 2017. Yes, I had used that peak for paying my partners/affiliates with comparatively less BTC. To buy bitcoins, we need cheaper price levels, it means you are denoting bitcoin prices are testing low on Monday? Let me observe it on my own then I will try to exploit it in possible means for my benefits.
Market directions are decided my sentiment of individual traders like when most people decide the same thing then that will be the trend of markets. I mean due to this discussion people may start selling bitcoins by Friday/Saturday/Sunday so that they may buy cheaper on Monday; who knows?
Market directions are decided my sentiment of individual traders like when most people decide the same thing then that will be the trend of markets. I mean due to this discussion people may start selling bitcoins by Friday/Saturday/Sunday so that they may buy cheaper on Monday; who knows?
Worth reading but still I would prefer to buy and sell based on live market situation as whatever happens in bitcoin remains as history which doesn't often repeat, If we would have had bull run every December and dump every January then I could go by this chart since we cannot guarantee that an identical day in the world of crypto I would suggest to go with instinct and market situation instead of set algorithms.
I don't believe in such things, come man maybe it was just a coincidence that the marks had happened always on Monday. For me the best day to buy bitcoin is when you see it on sale and you have the money to buy at your fullest.
We would not know unless we take a look for at least a month? Chart sometimes could be deceiving but we have at least to take a look with ourselves. Besides, if this might be just a coincidence then these coincidences were good as we could take more profit by just buying every monday, and then sell in the following days that will arrive as long as the market gone higher.
In forex trading Monday is usually not traders choice of trading being a starting day of the week market trading thus traders take cautions so as to know analyse the direction of the market meanwhile cryptocurrencies trading is 24/7 I wouldn't subcribe to the idea that its only Mondays as revealed by the charting analysis as most appropriate day to buy bitcoin.
When I was trading (a lot) before I do this kind of analysis.
Looking at days of where bitcoin bounce up and down.
Yeah, it might be right. If you did the right research go deep into making such daily monitoring then you can use it as a point of buying and selling.
If I remember correctly it was Saturdays and Sunday when bitcoin price goes up.
Monday could really be the selling point. Some of them needs to go back to their work and don't want their coins hanging in orders.
Looking at days of where bitcoin bounce up and down.
Yeah, it might be right. If you did the right research go deep into making such daily monitoring then you can use it as a point of buying and selling.
If I remember correctly it was Saturdays and Sunday when bitcoin price goes up.
Monday could really be the selling point. Some of them needs to go back to their work and don't want their coins hanging in orders.
Monday is different because the weekend is different, it probably is worth a buy because there can be some negative pricing initially which develops and on average that could result in a gain on average due to a lowered price when buying on average. Its tempting to say Friday is a buy because quite often I think some selling ceases until the Monday again, I'm not sure if that idea will show on your chart and I would want to sell into the rise that occurs after before the possible sell orders that can occur on Monday as market open which have been closed. I think that point of some exchanges closing and others not is like two tides meeting, theres some mix or adjustment between them.
That it sounds ridiculous but as you've presented, I hope I could open up my mind and look to have a good start next week. May I still on the doubt cause I'm not usually watching for the day( whatever it is) but I only give focus on the trend. I will also have to give updates once I could prove it... 
It's either Monday or Tuesday once the market price seems to be preferable to be, I don't hesitate to buy and take the risk. I've been doing this before and seems it work sometimes, but maybe this tip could help more...
It's either Monday or Tuesday once the market price seems to be preferable to be, I don't hesitate to buy and take the risk. I've been doing this before and seems it work sometimes, but maybe this tip could help more...
Lots of people get paid every friday or last friday of the month make sence more demand end of the week.
I don't believe in such things, come man maybe it was just a coincidence that the marks had happened always on Monday. For me the best day to buy bitcoin is when you see it on sale and you have the money to buy at your fullest.
It’s best to watch the current status of Bitcoin on the chart. Then you can understand exactly whether to buy it or not. This is logical. Due to the volatility, I cannot consider any of the days of the week the most suitable, because the price is changeableI haven't gone through any charts or the graphs, but during my trading practice I've experienced the starting days of week to have a low price compared to the weekend price. The graph now confirms the statement Monday is good for buying. This can be easily understood by taking the average for the past three or four months performance.
Taking into consideration the average of three to four months should not be seen as a best way to analyse a buying period except if is for day traders who always want to be monitoring every buy and sell opportunity. But for long term traders you don't really bother about the said date as the percentage price decline is not really much. 
Vehemently I will disagree with your opinion and chart because, I have been on this market for some couple of years news and haven't experience such as "Monday a good point to buy Bitcoin". Categorically, weekend's like Fridays till Sundays are the very best time to buy Bitcoin. This has been tested and trusted by many buyers and sellers.
if only people knew that buying BTC on mondays makes it more profitable than buying on any other day, i could have done it since day 1.
i took a peak to the article and was surprise the pattern they show starts way back from 2013. I think this started when some forex brokers added BTC on their platform, FOREX market sessions starts on monday and end in friday which i guess most crypto traders learned from forex.
Maybe this chart is relevant only for FOREX? I don’t think that this is a sustainable trend since if everyone knew that they should buy Bitcoin only on Monday to 100% earn a lot of money on short term investments, the market would be already broken
I heard it was just any of the increments of the week that ends in "day"?
I haven't gone through any charts or the graphs, but during my trading practice I've experienced the starting days of week to have a low price compared to the weekend price. The graph now confirms the statement Monday is good for buying. This can be easily understood by taking the average for the past three or four months performance.
Bitcoin is more volatile during the weekends because the business are closed and volume is less during the holidays. Whales take advantage of this and pump or dump the bitcoins. Also Sunday is the closing of the week and i believe a lot of manipulation is done to close the week as decided by the whales.
I agree. Maybe after such manipulations during the weekend, Monday is getting a good day to buy, since the market is exhausted and has not yet had time to recover after a stormy weekend
Maybe this is a coincidence. I think Monday is not a constant day when everyone must buy Bitcoin. The coin is too volatile and the price can make a turn at any time. I trust the actual indicators of the chart more, its better checking the price throughout the day to successfully buy and sell
Well that is true and this comes because weekends are mostly closing days for trades and it's very likely to see the prices of both stocks and cryptocurrencies still experiencing a downward trend. So that's why we still see Monday coming in with cheap prices and once the week begins with news and developments Tuesday either bring in some price increases or further sinking based on what happens on Monday. I think the graph is right!
Monday is the best day for you to buy your bitcoin? 
Source:
https://cointelegraph.com/news/new-analysis-finds-that-mondays-are-the-best-days-to-buy-bitcoin
https://www.cryptoglobe.com/latest/2019/11/monday-is-the-best-day-to-buy-bitcoin-data-shows/
In the graph, we could easily see and conclude that Mondays are the top average return of all days in a week. Also, we could see that Wednesday and Thursday that has average return of -0.09% and -0.23%.
In my opinion, I think for long term investment these days doesn't really matter anymore as long as we do buy low and sell high in the market, but I do believe that this analysis is on point in weekly investment or short term investment.
What are your thoughts about this?
bitcoin price can not prediction it mean we can not focus on price weekly because the next week not sure same. so we have to see market condition than based from price weekly . for me i do not buy bitcoin for now because waiting for the trend, when bitcoin go? up trend or down trend to minimize the risk for me in trading Source:
https://cointelegraph.com/news/new-analysis-finds-that-mondays-are-the-best-days-to-buy-bitcoin
https://www.cryptoglobe.com/latest/2019/11/monday-is-the-best-day-to-buy-bitcoin-data-shows/
In my opinion, I think for long term investment these days doesn't really matter anymore as long as we do buy low and sell high in the market, but I do believe that this analysis is on point in weekly investment or short term investment.
What are your thoughts about this?
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