Weekend disaster? | Bitcointalksearch.org

naidray

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Quote from: NorrisK on March 04, 2018, 04:12:19 AM

This has been discussed several times and every time you think there is a pattern, suddenly it starts rising before the weekend.

I think it tanks more then it rises though, so it may be worthwhile to try and profit from this.

It usually tanks for most of the cryptocurrency market. It may not be all of them, but virtually most of them usually tend to drop in value over the weekend. Some traders have always used it to their advantage and I have never missed it. Wait for Monday afternoon and you will be swimming in some good profit and you can just find other few ones that are yet to make move up and get into them. Been trading this strategy and trend for a while now.

Falling prices on weekend is not new and I really cannot say why except maybe some whales always like cashing out at weekends and coming back during the week to push the market back up.

I have always tried to pick the best prices from a market for the week by weekends and most times, this is the time I always get to see an oversold market and once the week gets in, i start seeing my sell order popping up on some of the alts. It is a trend for some time now, and I am not sure it is one that is about to end.

wxa7115

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Quote from: yo_mama on March 03, 2018, 11:23:23 PM

Have you noticed something mysterious in crypto price: weekend disaster.

The most price drops tend to happen on weekends.

During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.

Why?Ａny explanation?

I have not noticed that but that may be because I'm not a trader and I do not keep an eye as close to the markets as some people here, however if that is the case that can be easy explained by the habits of most people, in many countries the weekend is the moment to take some rest from your work so even if you are a freelancer or a trader those will be the days most will choose to take a break and relax.

talks_cheep

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Manipulation by whales and early adopters, pure and simple. They used to hide it pretty well but now it's like they don't even care.

aardvark15

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Quote from: yo_mama on March 03, 2018, 11:23:23 PM

Have you noticed something mysterious in crypto price: weekend disaster.

The most price drops tend to happen on weekends.

During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.

Why?Ａny explanation?

I’m not sure what the reason is for this but the stock markets are closed on the weekends, so maybe more investors are paying attention to cryptocurrency markets on the weekend. That still would only explain higher trade volumes on the weekend but does not really explain why price tend to drop. I think it may just be a coincidence. It will be interesting to follow more closely though.

fulmetal08larz

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I don't think that every weekend is a disaster, it's just a coincidence that prices tend to drop but not that significant. The low volume being traded is due to traders needed to take some time-off and take profit for their expenses. It's not a big deal, unless news that affect crypto came out on a weekend. If you're seeing prices drop on any day, it is an opportunity to buy at a low price level you don't want to miss.

teilwalL05

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Quote from: Master Third on March 05, 2018, 08:57:15 AM

I do not think this is happening just because weekend is a time for people to make have some fun for they are free from school and working days and so they need money for that. This reason is not convincing, because people can sell their cryptos before the weekend for early preparation for their vacation. Also there are times that during week days bitcoin is decreasing. Meaning weekend reason is obviously illogical, so it is not because of this why the price decrease, maybe because of the law demand of other cryptos since majority are converted into bitcoin when transaction made through investing and trading.

I really don't think that every weekend were gonna see a price drop because In my opinion this is just a coincidence that in every weekend we can see a price drop, Particularly with these, I think it is just a fluctuation that bitcoin mostly do, And I really think this is not severe that we can always experience.

Dodoymabs

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Quote from: yo_mama on March 03, 2018, 11:23:23 PM

Have you noticed something mysterious in crypto price: weekend disaster.

The most price drops tend to happen on weekends.

During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.

Why?Ａny explanation?

Yeah, I've noticed that trend and I think weekend is a rest day or some will be having fun. So, more will likely to dump some coins and this is why it happens. And also, this is how the market behaves so if you are a wise trader then maybe that is your chance to buy some coins.

Master Third

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I do not think this is happening just because weekend is a time for people to make have some fun for they are free from school and working days and so they need money for that. This reason is not convincing, because people can sell their cryptos before the weekend for early preparation for their vacation. Also there are times that during week days bitcoin is decreasing. Meaning weekend reason is obviously illogical, so it is not because of this why the price decrease, maybe because of the law demand of other cryptos since majority are converted into bitcoin when transaction made through investing and trading.

khufuking

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Quote from: magneto on March 04, 2018, 01:16:34 AM

Although it could be reinforcing its own pattern through past repetitions with no basis. ie previously it happened by coincidence, but after a few times in a row people had this psychological effect where they started trading the pattern, resulting in the dumps on weekends. Doesn't really concern the long term growth of BTC though.

I totally agree with this , it is just start by coincidence and then become a pattern , we all know that there is a lot of people use pattern to TA crypto market .

Quote from: yo_mama on March 03, 2018, 11:23:23 PM

Have you noticed something mysterious in crypto price: weekend disaster.

I totally disagree with this , this is far far from disaster it is totally normal behavior in such a crazy market !

Wandika

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Quote from: Herbert2020 on March 05, 2018, 01:11:40 AM

Quote from: yo_mama on March 03, 2018, 11:23:23 PM

The most price drops tend to happen on weekends.

this is the keyword. although it is not literary "most" but it happens enough times for some people to start believing it is a thing.

Quote

Why?Ａny explanation?

i think we can try and come up with a lot of explanations but in the end i believe that it is not a real trend that is happening for real. it is more like coincidence and also sometimes possibly some expectation of a drop that causes it a little too.

as an opposing reasoning i can say that bitcoin is in a global market and it is 24/7 and people may even trade more on the weekends since for most of them this is a secondary job or even a hobby.

Since people have different characteristics and we are the main user of it, that's why it reflects too in our charts. It will stabilize only when the community agrees on one thing that might be impossible to happen.

Herbert2020

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Quote from: yo_mama on March 03, 2018, 11:23:23 PM

The most price drops tend to happen on weekends.

this is the keyword. although it is not literary "most" but it happens enough times for some people to start believing it is a thing.

Quote

Why?Ａny explanation?

i think we can try and come up with a lot of explanations but in the end i believe that it is not a real trend that is happening for real. it is more like coincidence and also sometimes possibly some expectation of a drop that causes it a little too.

as an opposing reasoning i can say that bitcoin is in a global market and it is 24/7 and people may even trade more on the weekends since for most of them this is a secondary job or even a hobby.

Reatim

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Quote from: yo_mama on March 05, 2018, 12:16:18 AM

Looks like this weekend breaks the pattern.
All major coins in green now.

Nice to see that the pattern was broken. Specially bitcoin and ethereum is making a good run.

Quote from: arpon11 on March 05, 2018, 12:40:53 AM

Quote from: yo_mama on March 03, 2018, 11:23:23 PM

Have you noticed something mysterious in crypto price: weekend disaster.

The most price drops tend to happen on weekends.

During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.

Why?Ａny explanation?

I see this as not regular accuracy and some time bitcoin and others cryptocurrency do rise in price on both Saturday and Sunday. However, I can still connect the week price dropping to low volume and activities and not some technical issues. Bitcoin do reduce in volume because some traders may like to take some days off in other to have some rest from the market and this do cause some weak hand to sell off they coins at a cheaper price.

Yeah. After a week of working hard and trying to earn. Most of times people need to take a rest and unwind that why the volume is not that heavy during weekends and it can also be attributed to traders sell off and go back later when everything is back to normail.

batang_bitcoin

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Quote from: yo_mama on March 05, 2018, 12:16:18 AM

Looks like this weekend breaks the pattern.
All major coins in green now.

It did and most of the time weekends are totally making every coin into red but this week is different from before.

Quote from: ?? on ??

There is no special price change pattern for days, months or years. The market is so unpredictable. There are many different speculations and should not trust any of them.

This is just base on observation and many here did noticed and observed that during weekends the market is on red. Everyone is entitled for their opinion or prediction or any speculations that they are making as long as it is not a FUD and is valuable to the community.

arpon11

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Quote from: yo_mama on March 03, 2018, 11:23:23 PM

Have you noticed something mysterious in crypto price: weekend disaster.

The most price drops tend to happen on weekends.

During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.

Why?Ａny explanation?

I see this as not regular accuracy and some time bitcoin and others cryptocurrency do rise in price on both Saturday and Sunday. However, I can still connect the week price dropping to low volume and activities and not some technical issues. Bitcoin do reduce in volume because some traders may like to take some days off in other to have some rest from the market and this do cause some weak hand to sell off they coins at a cheaper price.

yo_mama

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Looks like this weekend breaks the pattern.
All major coins in green now.

carlisle1

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Quote from: yo_mama on March 03, 2018, 11:23:23 PM

Have you noticed something mysterious in crypto price: weekend disaster.

The most price drops tend to happen on weekends.

During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.

Why?Ａny explanation?

no,for sure its just an isolated case nothings new about it.its just happen that this few months continuously every weekends has a drop.but if we look back this is a common happening that in weekends when more users cashing out for take home.

Quote from: PalindromemordnilaP on March 04, 2018, 10:02:27 PM

I think of it like the only days where small time or big investors to have time to look upon their crypto assets due to their schedules during weekdays. That prompts other crypto traders to prefer trading on weekends especially when they noticed that prices goes down every weekend so they can buy crypto assets at lower price during those days.

you got a point there mate,it didnt cros my mind but you had analyzed that,maybe right because those usets that working in real has no time to review their wins or loss

PalindromemordnilaP

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I think of it like the only days where small time or big investors to have time to look upon their crypto assets due to their schedules during weekdays. That prompts other crypto traders to prefer trading on weekends especially when they noticed that prices goes down every weekend so they can buy crypto assets at lower price during those days.

Beparanf

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Quote from: eagleman on March 04, 2018, 04:21:17 PM

Quote from: Lieldoryn on March 04, 2018, 03:52:33 PM

It's Sunday. It's day off. But we see that the price continues to rise.

It's family day? so there are investors who spent their weekend off together with their family and cutting some bucks off their BTC.

Quote from: Lieldoryn on March 04, 2018, 03:52:33 PM

The behavior of bitcoin is impossible to understand and predict.

True, there are also times that even it's not weekend there's a big slash and cut off to the price of bitcoin. It's situational and yet it is unpredictable so most of us are free to give any idea and opinion on what's really behind the small decrease happened but I wouldn't call it as a disaster.

I don't do trading when weekdays before and mostly do it when weekend come ,maybe this affect the market somehow. It depends if the traders were active or not. But I think most were busy taking break.

eagleman

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Quote from: Lieldoryn on March 04, 2018, 03:52:33 PM

It's Sunday. It's day off. But we see that the price continues to rise.

It's family day? so there are investors who spent their weekend off together with their family and cutting some bucks off their BTC.

Quote from: Lieldoryn on March 04, 2018, 03:52:33 PM

The behavior of bitcoin is impossible to understand and predict.

True, there are also times that even it's not weekend there's a big slash and cut off to the price of bitcoin. It's situational and yet it is unpredictable so most of us are free to give any idea and opinion on what's really behind the small decrease happened but I wouldn't call it as a disaster.

Siren

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Quote from: yo_mama on March 03, 2018, 11:23:23 PM

Have you noticed something mysterious in crypto price: weekend disaster.

The most price drops tend to happen on weekends.

During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.

Why?Ａny explanation?

i guess this is only coincidentally happens,though somes are taking home the profit weekens so they needed to cash out.but its not that big enough to bring market down.so i believe that this is in connection of users not trusting bitcoin about the issues of high fees and delayed transaction,which lightning networks doing some actions

Lieldoryn

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It's Sunday. It's day off. But we see that the price continues to rise. I do not see any reason to say that on weekends there is always a tendency to lower prices. Stock exchanges operate 24/7. Internet access is everywhere. There are automatic bets that set the price trend. The behavior of bitcoin is impossible to understand and predict.

jossiel

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Quote from: yo_mama on March 03, 2018, 11:23:23 PM

Have you noticed something mysterious in crypto price: weekend disaster.

The most price drops tend to happen on weekends.

I did noticed this during weekends. When someone said in somewhere IIRC its from social media and few weeks later, I observed.

Quote from: yo_mama on March 03, 2018, 11:23:23 PM

Why?Ａny explanation?

The only explanation that I can give you is many are selling during weekends. I don't have an idea if there's a whale that is cashing out or there is/are certain group of traders that are making this wave.

Quote from: fabiorem on March 04, 2018, 11:37:29 AM

Because the bank is closed

Traders and holders choose to withdraw with their bitcoin holdings/profit? Yes, it might be.

bocyaj

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Quote from: yo_mama on March 03, 2018, 11:23:23 PM

Have you noticed something mysterious in crypto price: weekend disaster.

The most price drops tend to happen on weekends.

During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.

Why?Ａny explanation?

In this bitcoin trading,both the employee and unemployed people involve.During the weekend ,many employee will sell their holding bitcoin to celebrate the weekends with their family.If the huge amount of bitcoin is sold means,it will leads to the decrease in bitcoin price.This is not the only reason,it's the one of the reason.

jimbo2000

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Quote from: olumyd on March 04, 2018, 12:04:37 PM

Quote from: yo_mama on March 03, 2018, 11:23:23 PM

Have you noticed something mysterious in crypto price: weekend disaster.

The most price drops tend to happen on weekends.

During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.

Why?Ａny explanation?

It's most likely because the major people trading cryptos at a very high volume are inactive during the weekends and resume activity on the weekdays. Besides there are no specific weekend watch for crypto traders since it's decentralised, most people can also trade but they would prefer to assume breaks.

This is almost certainly it, but it works both ways. The largest increases and the largest falls almost always happen on the weekend. You could explain why most happens late on sunday as well by saying that people want to close their positions ahead of the week.

iv4n

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Quote from: olumyd on March 04, 2018, 12:04:37 PM

Quote from: yo_mama on March 03, 2018, 11:23:23 PM

Have you noticed something mysterious in crypto price: weekend disaster.

The most price drops tend to happen on weekends.

During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.

Why?Ａny explanation?

It's most likely because the major people trading cryptos at a very high volume are inactive during the weekends and resume activity on the weekdays. Besides there are no specific weekend watch for crypto traders since it's decentralised, most people can also trade but they would prefer to assume breaks.

That would be most logical explanation, there are other, so called mysteries about price movement, like why price always crash in January every year, why price tend to rise after summers and until new year, and many other things.
There are many theories why its like that, but one is sure in my thinking, crypto is connecting all the people in the world, so many different places and timezones, but now that isn't matter crypto markets are working all the time, to calculate supply and demand in one minute in whole world is not so easy, that's why price is making fluctuations. In the end you can see that there is no mystery here, its just to many people and everyone wish to make more bitcoins, or more money, it's a race and sometimes its going faster sometimes slower.

olumyd

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Quote from: yo_mama on March 03, 2018, 11:23:23 PM

Have you noticed something mysterious in crypto price: weekend disaster.

The most price drops tend to happen on weekends.

During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.

Why?Ａny explanation?

It's most likely because the major people trading cryptos at a very high volume are inactive during the weekends and resume activity on the weekdays. Besides there are no specific weekend watch for crypto traders since it's decentralised, most people can also trade but they would prefer to assume breaks.

fabiorem

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Because the bank is closed, so the panic seller will not be able to withdraw fiat from it. In this way, when the market stabilizes in the coming week, the panic seller will re-buy bitcoin at a higher price, in case he had sold it in the weekend.

The panic buyer will also not be able to put fiat on the exchange and buy, during weekends, so he will buy in the coming week, when the price recovers.

Its a mechanism built on panic and anxiety. It works because most people are in bitcoin only to increase their fiat holdings, nothing more. They dont want to use bitcoin to buy stuff. I dont understand why the bankers fears it.

mia khalifa

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Quote from: yo_mama on March 03, 2018, 11:23:23 PM

Have you noticed something mysterious in crypto price: weekend disaster.

The most price drops tend to happen on weekends.

During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.

Why?Ａny explanation?

I think it's normal for the players of digital currency trading to attract the benefits they get if you imagine the big players are china and it is definitely when china holiday and long holiday then the price will go down, but now it seems the price has started in the pump again .

bitmover

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Quote from: yo_mama on March 03, 2018, 11:23:23 PM

Have you noticed something mysterious in crypto price: weekend disaster.

The most price drops tend to happen on weekends.

During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.

Why?Ａny explanation?

Most uptrend happens on weekends too

It's because people get bored on weekends. Stock market is closed.

beskid

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Weekend days are used for trading manipulations by crypto currencies of the exchange and large holders of crypto currencies, since on weekends there is a maximum attendance of stock exchanges by people. At this time it is very difficult to trade people who do not have experience.

HasHe

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Quote from: yo_mama on March 03, 2018, 11:23:23 PM

Have you noticed something mysterious in crypto price: weekend disaster.

The most price drops tend to happen on weekends.

During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.

Why?Ａny explanation?

Yes it has been always noticed that weekends face a slight price fall irrespective of all crypto currencies.The logical reason behind this might be due to traders willing to celebrate their weekends with their earnings through out the week.

Also we could see that during sundays the prices once again increasing since traders would be buying coins and once again actively indulging in trading.

Denker

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I wouldn't see that as a actual regular pattern. More of a coincedence in my opinion.
We had times where we pumped at the weekends and dumped with the beginning of the new week.
It's pretty much random.
Right now 11500USD is a major resistance. If we would have reached it on monday or last friday, we probably would have been going down as well.

greensheep

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during january there were some weekend pumps followed by dumps during week, now some weekend dumps followed by dumps and pumps during weekdays.
It's randomy I guess.
BTC being traded and going back and forth, good for me

buwaytress

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I recall sometime mid-year 2017, also wondering if this was something of a trend that Bitcoin was going to follow. It wasn't very obvious, but on the exchanges I traded on (including p2p), I'd always notice that my trades (like on LocalBitcoin) would be bumped farther down and then rise up closer to the top on Monday, Asian mornings. I'd always assumed that it was simply because traders switched on during weekends with rates better than mine, but then the pattern faded.

It doesn't really make logical sense if you take out individuals trading in local areas - crypto markets don't have a weekend break unlike stocks or even forex. And as someone pointed out above, it's not like they need the money either.

BingoDog

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I have to admit that I wasn't paying much attention to that but still I think this is much more coincidence that some kind of pattern. And I don't think there is some special reason why bitcoin price would fall exactly on weekend, we also see the opposite too, that the price was going up on weekend and any other day. I don't think that bitcoin price movements have anything to do with the days in the week.

debuni

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Quote from: yo_mama on March 03, 2018, 11:23:23 PM

Have you noticed something mysterious in crypto price: weekend disaster.

The most price drops tend to happen on weekends.

During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.

Why?Ａny explanation?

Yep, banks are closed during the weekend and the market doesn't have fresh money for buying.

This is from years.

YuginKadoya

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It really goes to a green trend to a red when it is weekend, But in my opinion it is just a mere coincidence that the price is like this and we can say that it is not really a pattern because there are weekends that is purely good for the value of Cryptocurrencies, Or we can say that we are not in the end of the resistance yet that is why we are seeing a pure mark of red for the price all over in the marketcap, Let's just hope that it is just a mere coincidence and not a manipulation of the market.

gentlemand

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It comes and it goes. As soon as people get comfortable with the idea of the Weekend Dump in the past it often switched to the weekend pump to relieve people of their money with ease.

I've never bought the idea of fiat not arriving being the reason for a dump. Perhaps 0.5% of the USD on exchanges is fresh. The rest is sitting there waiting to be spent 7 days of the week.

tomahawk9

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I've noticed it too, sometimes the downtrend even starts on fridays, but I wouldn't call it a 'weekend disaster' or a crash, it sounds too extreme (at least to me). It might be just people cashing out their profits, if you look at the charts, the BTC price (and other popular coins) drops a bit, but alts go down a lot more, makes me think that traders are the ones behind the drop during the weekends.

However, we saw quite the opposite with BTC this weekend since the price went up from 10.6k to 11.5k. But like I said, when the price tanks on the weeknds, it could be just traders cashing out to spend some quality time after a long and stressful week.

Lampaster

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I don't know why you think so. On Friday the price was 10+. Yesterday and today the price of bitcoin is 11+. This is proof that your theory is wrong. There are no ready-made templates for bitcoin. I've heard a lot of theories about how the price of bitcoin is influenced by the Chinese new year, but I haven't heard arguments in favor of it.

hugeblack

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If we notice there is no crash or correction in each Weekend "Only the heavier drops than normal".
Generally the market stabilized at 10,000$ and any increase or decrease is the result of daily trading "which is affected by weekends".
I think the reason for the decline this time is regulation laws "USA & Japan"

imapessimist

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Yes. Weekends are the favorite for a drop. Anybody who doesn't sell at this price must be mad. That's what I think. It will be below 11k soon and then maybe down more. Holding only works with a very steady growth over a long period of time not this constant up down up down.

JanpriX

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Buy The F*cking Dip

We've been noticing this trend also and we are wondering if this is just a cycle that traders do on a weekly basis or is this just a coincidence. Most of us in our group think that this is just a trend made by market makers to safeguard their profits before the weekend hits. They tend to take profit every Friday because they think that Monday holds risks that are unforeseeable and that they should take precautionary actions before weekend.

In a sense, this is a logical way in approaching the cryptomarket. We all know at anything (good or bad) over the weekend that can make or break the cryptosphere. They are minimizing their involvement in this type of risks by pulling out their money every Friday and by entering again on Monday if the market is moving in favor of their positions.

NorrisK

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This has been discussed several times and every time you think there is a pattern, suddenly it starts rising before the weekend.

I think it tanks more then it rises though, so it may be worthwhile to try and profit from this.

KorakPawon

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Quote from: sumanto on March 04, 2018, 01:42:30 AM

Quote from: yo_mama on March 03, 2018, 11:23:23 PM

Have you noticed something mysterious in crypto price: weekend disaster.

The most price drops tend to happen on weekends.

During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.

Why?Ａny explanation?

this is probably caused by long holidays so investors and trading players need money therefore many who sell and attract assets that have been earned from the benefits of playing bitcoin.

In principle, Bitcoin's pricing is the same as setting the price of oranges. There must be a deal between the offer price (the price of the people who sell Bitcoin) and the demand price (the person who buys Bitcoin).

The difference is, Bitcoin and digital currencies are homogeneous. This means one Bitcoin is identical to the other Bitcoin. There is no

Jating

hero member

Activity: 2842

Merit: 772

Quote from: yo_mama on March 03, 2018, 11:23:23 PM

Have you noticed something mysterious in crypto price: weekend disaster.

The most price drops tend to happen on weekends.

During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.

Why?Ａny explanation?

No. It's always been the trend coming into weekends. One reason I speculate is that traders, just cash out and take home profits. Maybe some of them are going to buy something, taking a weekend vacation with their love ones or families. And its always like that. I think you will also noticed that in stock market if I'm not mistaken.

I also noticed that in the beginning of my journey in trading and come up with my own conclusions. But I think others would agree on me though. I myself do some selling at the end of the week so that I can enjoy weekends with my families from the profit that I got from my trading / investing portfolio.

sumanto

full member

Activity: 462

Merit: 100

Quote from: yo_mama on March 03, 2018, 11:23:23 PM

Have you noticed something mysterious in crypto price: weekend disaster.

The most price drops tend to happen on weekends.

During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.

Why?Ａny explanation?

this is probably caused by long holidays so investors and trading players need money therefore many who sell and attract assets that have been earned from the benefits of playing bitcoin.

magneto

hero member

Activity: 1666

Merit: 753

Quote from: yo_mama on March 03, 2018, 11:23:23 PM

Have you noticed something mysterious in crypto price: weekend disaster.

The most price drops tend to happen on weekends.

During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.

Why?Ａny explanation?

This seems to be becoming a trend, it could be because of many coincidences or it could be a legit pattern.

I personally think that it's just a coincidence. There isn't too much logic in prices dropping at weekends compared to the weekdays. Like what reason would you have? Markets are still open on weekends and nothing changes. Also even if major traders take a break on the weekends, it shouldn't have an effect. It's not like they need money exclusively for the weekends.

Although it could be reinforcing its own pattern through past repetitions with no basis. ie previously it happened by coincidence, but after a few times in a row people had this psychological effect where they started trading the pattern, resulting in the dumps on weekends. Doesn't really concern the long term growth of BTC though.

yo_mama

jr. member

Activity: 89

Merit: 5

Have you noticed something mysterious in crypto price: weekend disaster.

The most price drops tend to happen on weekends.

During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.

Why?Ａny explanation?

Topic: Weekend disaster? (Read 518 times)