Topic: Why btc price go down on weekends? (Read 348 times)
This is the most stupid assumption, but it may be because holders of bitcoin sell its assets in order to have a good weekend?
I don’t actually agree with you. The cryptocurrency market is always fluctuating. It does not increase or decrease on any specific dates.
Bitcoin has no particular day when it rises or goes down. The dynamic of demand and supply is what is determining the bitcoin prices in the market! If you desire to buy bitcoin cheap and sell high, try and and understand the dynamics of cryptocurrency market.
I looked at the bitcoine price chart and did not notice this correlation, if it was so simple, many would earn money every Monday, buying on Saturday, but this is not.
Well i haven't noticed that, but it could be due to non working day, everyone will be @ home and many we want to dump as much as possible to feed and to take responsibilities of many things, mostly many wants refreshments on weekends.
In cryptocurrency trading when demand is down and inventory rises causing prices to fall. Many people sell coins for the necessities of life, I think the btc decline is reasonable because the cryptocurrency market is fluctuating.
The bitcoin price is not going down every weekend. I remember a lot of weekends where we had a lot of fomo and all people were buying Bitcoin becaue they thought it will never come down again!
I think it does not happen continuously only on weekends only. No one can guess that bitcoin will go down or up because bitcoin is fluctuating. Maybe it's just a coincidence that on weekends you see the price goes down.
I really wondered having that price of btc going down on weekends. Thought and got some overview. Price mostly moves due to supply-demand and so many news and information. In weekend most of the people went to have some relax and release their btc which creates the flow of btc. On the other side, due to vacation mood, people are not interested to invest in any project that reduce the demand. So in this time period demand goes down and supply up. As a result , price goes with demand in the weekend timeline. DO you agree with me? Share your points of objections.
Merit will be highly appreciated if you found the post helpful.
Merit will be highly appreciated if you found the post helpful.
Sometimes peoples sell their coins because they want to use their money for buying something.
for example they bought many amount of coins from last year, and now they want to earn their ROI because
they want to use money by selling their coins.
I agree with you that the price of Bitcoin is influenced by people's desire to invest.
because Bitcoin includes short-term investments.
because Bitcoin includes short-term investments.
I don’t think BTC price always go down on weekends only. There are times when BTC price pumped during weekends too. IMO, the movements of BTC price is very much dependent on news and not on certain days.
It is not only weekend that bitcoin price goes down, it is traditionally believed in cryptocurrency community that monday is the 'Red Day' for cryptocurrency prices and so many people usually wait for monday in order for them to purchase cheap coin. Cryptocurrency prices always moves in a circle!
market price down is usually caused by the info. so too when prices rise, inside crypto is hard to guess, but we can see information related to bitcoin. I'm sure the biggest effect of the price drops is because of bad information about crypto.
Could be the reason.
I know someone who always looks forward for a Saturday. He had a different view. He somehow sees all crypto moving upward on Saturdays so that contradicts your view.
One reason could be is just like you said, they have their time. They could be trading and the day trade affects a lot if it is in large portions.
Millions of dollars being traded can somehow make a wave to move it downward.
I know someone who always looks forward for a Saturday. He had a different view. He somehow sees all crypto moving upward on Saturdays so that contradicts your view.
One reason could be is just like you said, they have their time. They could be trading and the day trade affects a lot if it is in large portions.
Millions of dollars being traded can somehow make a wave to move it downward.
I really wondered having that price of btc going down on weekends. Thought and got some overview. Price mostly moves due to supply-demand and so many news and information. In weekend most of the people went to have some relax and release their btc which creates the flow of btc. On the other side, due to vacation mood, people are not interested to invest in any project that reduce the demand. So in this time period demand goes down and supply up. As a result , price goes with demand in the weekend timeline. DO you agree with me? Share your points of objections.
Merit will be highly appreciated if you found the post helpful.
Merit will be highly appreciated if you found the post helpful.
I agree with you, besides that many people also hold their coins and wait until the price reach their take profit, because this activity also make the price not moving. Actually go down on weekends is unpredictable situation and about time and no one we can't predict about that. If you need money I suggest withdraw before weekend and use that time to buy back to recovery asset. Do that and create opportunity to make money.
I really wondered having that price of btc going down on weekends. Thought and got some overview. Price mostly moves due to supply-demand and so many news and information. In weekend most of the people went to have some relax and release their btc which creates the flow of btc. On the other side, due to vacation mood, people are not interested to invest in any project that reduce the demand. So in this time period demand goes down and supply up. As a result , price goes with demand in the weekend timeline. DO you agree with me? Share your points of objections.
Merit will be highly appreciated if you found the post helpful.
I don't think the prices of crypto currencies fall every wekkends because most of the crypto related people are working in all days because everyone want to make money and we can still do investment of crypto currencies at the weekend time because it is just an easy task to do. Merit will be highly appreciated if you found the post helpful.
People tend to pull-out their investments during weekends because it's their leisure time. This is based on my experience, whereas I always encash my coins in my wallet because weekends its family day, I used to treat my family during those days like eating in the restaurant and providing their needs.
the price of BTC moves independently, depending on the plan of whales managing the market.
On the weekend of course there is not a large percentage of people draining people who just need money, but it is not significant.
On the weekend of course there is not a large percentage of people draining people who just need money, but it is not significant.
i would say it is just the part of the game. this things happens in trending markets my man. so don't panic and have some faith
I really wondered having that price of btc going down on weekends. Thought and got some overview. Price mostly moves due to supply-demand and so many news and information. In weekend most of the people went to have some relax and release their btc which creates the flow of btc. On the other side, due to vacation mood, people are not interested to invest in any project that reduce the demand. So in this time period demand goes down and supply up. As a result , price goes with demand in the weekend timeline. DO you agree with me? Share your points of objections.
Merit will be highly appreciated if you found the post helpful.
Exactly, you re very right, btc chart tend to drop virtually every weekends, except few weekends, you stated it is because people tend to relax during weekend therefore selling their btc, you are absolutely right. Also if fud is spread in a weekend it going to affect the price of btc even altcoins will be affected as that is a very usual market thing.Merit will be highly appreciated if you found the post helpful.
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