Why cryptocurrency usually recovery in the weekend? - page 3.

longwintershere

jr. member

Activity: 224

Merit: 1

“Revolutionizing Brokerage of Personal Data”

Quote from: Nguyen Le Thuong on May 14, 2018, 10:11:35 AM

I am curious about the price of cryptocurrency usually recovery in the weekend even most of cryptocurrency are in the downtrend ?

I really highly doubt that this is the case usually. I actually had exactly the opposite feeling before, because on weekends there are lower trading volumes than during the week.

Ike.daniel

newbie

Activity: 72

Merit: 0

Yes it's true. I think because people are not much involved in activities during the weekend

Dudeperfect

hero member

Activity: 1190

Merit: 534

To be honest, there is no scientific reason for the price rise on week ends but if we are considering some logical assumptions then we might draw the conclusion that there is a high number of part time traders who make money from their job by working for the company 5/6 days a week and when they get some time in weekend, they trade in crypto market. Since, we don't have short trading facility on a larger scale, generally traders buy when they invest money.

hurriebra49

member

Activity: 280

Merit: 10

Cryptocurrency buyers have a great attraction in a weekend because everyone is free from job and they have to craze to join cryptocurrencies that are why they are buying them and the price goes to the up and rates are up and make some recovery,

Queen12

member

Activity: 182

Merit: 10

Open and Transparent Science Powered By Blockchain

Although it is still in a downward trend, the market is showing signs of recovery, as the SEC in the United States has acknowledged that bitcoin and ETH are not securities, so this is obviously good news.

heureca

sr. member

Activity: 658

Merit: 250

Quote from: Nguyen Le Thuong on May 14, 2018, 10:11:35 AM

I am curious about the price of cryptocurrency usually recovery in the weekend even most of cryptocurrency are in the downtrend ?

In fact it could be different. Last year (as remember till June) Saturday/Sunday were usually "red days" for criptomarket every 2 weeks. So it could be some trend for sometime but then it changes

walemil

full member

Activity: 448

Merit: 100

I have been thinking same way as the poster too. The price of cryptocurrencies have usually increased during the weekend for over a month now and people provide various justifications for it. I only think it is because weekends are usually the free time for most people.

sharanheyo

newbie

Activity: 12

Merit: 0

This isn't an established fact but if it something that has observed by many then its probably because people get time on weekends to do online cryptocurrency trade leading to better market liquidity. With more time in hand, they are able to do better research and get better prices. I also recommend that you use https://coinswitch.co/ for comparing and exchanging 300+ coins across multiple exchanges.

coinnumber

jr. member

Activity: 504

Merit: 5

Cryptocurrency has no specific time to recover in it price it's subject to change at anytime, anyday and Any moment. It so surprising hearing this here because to my observation crypto market can never be predictable by any one.

febryza

member

Activity: 104

Merit: 10

CryptoCurrency

Is that true? As long as i invest on cryptocurrency, i only heard this from you. I don't think so, cryptocurrency do not know the time, everytime anytime the price can be changed, there no special time and date, that just playing by the expert traders to kill you as newbie.

Duogembrot

full member

Activity: 476

Merit: 100

because usually the workers and who have a lot of money usually a holiday when the weekend keitka many workers who are off then many will make the exchange and try to raise the price of coin for profit.

braZZers123

member

Activity: 216

Merit: 15

Quote from: Nguyen Le Thuong on May 14, 2018, 10:11:35 AM

I am curious about the price of cryptocurrency usually recovery in the weekend even most of cryptocurrency are in the downtrend ?

Many noticed such changes in the course, but it is definitely impossible to predict this. One outing rate can go up, others drop. In the case of crypto currency, you can not be sure.

Hartmas

full member

Activity: 378

Merit: 100

Why such concept was built? Maybe this is a random coincidence, well, I do not think that the state of something more depends on the output, especially bitcoin and all included in this sphere.

Godef

full member

Activity: 378

Merit: 100

The crypto-currency market is unstable and it is impossible to say clearly that the rate rises at the weekend, now there is a rise in bitcoin, but next weekend no one is insured from the decline.

Down Not Dead

newbie

Activity: 13

Merit: 0

It surely didn't recover this weekend.... as a matter of fact it dropped quite a bit.

BLTC

jr. member

Activity: 150

Merit: 1

Really, I was not able to check on that that it usually happens on weekends. My guess is that people is at home and looking for opportunity online to invest and earn. Most probably, the number of people getting into cryptocurrency worlds increase during weekends and in effect the demand increase and the price is likely to increase as well. That's my opinion.

acord00

jr. member

Activity: 225

Merit: 1

I think that it's just a coincidence that the price of the crypto currency is recovering at the weekend. Or maybe, when the weekend, a lot of people who transact in the eyes of crypto currency, remember not everyone makes crypto currency as the main job. Many of the crypto currency players are workers in the real world, so they have free time only on weekends. Therefore, maybe that's why at the weekend, the price of the crypto currency is more stable. Maybe on weekends, lots of transactions offer and demand crypto currency so the price is more stable. Maybe that's a bit of my analysis.

badakjawa

member

Activity: 336

Merit: 20

when the correction conditions, we will see every altcoin on weekends always falling, and only a few altcoins can survive the correction.

some altcoins may be stable if they are traded in every market and have large volumes.

so, there is no choice except we should enjoy this market correction until the end.

godfredmanu

member

Activity: 266

Merit: 10

I don't think there is any link between a coin rising or falling on weekend or during a particular day. Every thing about crytpcurrency is depended on factors of demand and supply, and apart from that anything is speculations.

jayyen

jr. member

Activity: 112

Merit: 1

I have not noticed this great observations. But I think that the weekend is always a time for balancing out so it will balance out after being used throughout the week for trading.

Topic: Why cryptocurrency usually recovery in the weekend? - page 3. (Read 1446 times)