Topic: Why cryptocurrency usually recovery in the weekend? - page 7. (Read 1423 times)
Most of those weekends , I think what happens then is market retracement. At that time, the market is less busy and the idea of volatility is relativ6
This can't be proved and I don't think there is such pattern. The thing is that you are maybe more focused on the price on weekends so you are observing the changes more carefuly.
Some also say that the price is falling on weekends but neither of these claims are true, these are just subjective conclusions. To say something like that you should have done some study and have some claims and facts that could support that theory but at the moment it can't be said that the Bitcoin price is depending on the day of the week.
Some also say that the price is falling on weekends but neither of these claims are true, these are just subjective conclusions. To say something like that you should have done some study and have some claims and facts that could support that theory but at the moment it can't be said that the Bitcoin price is depending on the day of the week.
I am curious about the price of cryptocurrency usually recovery in the weekend even most of cryptocurrency are in the downtrend ?
You have asked proper question, simply think about it a bit, will you? Many people are free during weekends as they tend to work during Monday till Friday with some spare time here and there. On weekends they have more time to dedicate to some other things they want to do. Whether it be learning, spending time with your kids or yet even trading crypto currency as a side holy. You are at least aware that both are the ones that provide high volume mist of the time and maybe bots have their algorithms to hunt onto weekends. But I think it comes mostly as a result of people having their free time.
it is actually the other way around and both of them are wrong.
people usually say bitcoin price (and then altcoins that follow it) drops during weekends.
but the thing is, it is never true. there may be times when it comes true but they are all coincidences because it is not a common thing that occurs every week so you can't say it is a "pattern".
What you said is true. The price of bitcoin cannot be predicted based on the days of the week or peculiar to a particular date in any months. Because the price increase last year December does not means the same thing will happen this year. The price is driven by demand. people usually say bitcoin price (and then altcoins that follow it) drops during weekends.
but the thing is, it is never true. there may be times when it comes true but they are all coincidences because it is not a common thing that occurs every week so you can't say it is a "pattern".
From my perspective i think in weekend crypto curriencies demand and consumption are increasing thats why the price rising in the weekend.Always it will not happened but we will hope for the best.
It's because of the demand during weekends. Like any other establishment, bitcoin's demand always increase on the weekend. I am assuming that investors are so busy that they can only shop for bitcoin during the weekends. There's not a lot of movement on weekdays so others preferred to trade on weekends as well. On the other hand, maybe we all have time on the weekend and we just took notice of the changes on that day not not paying attention on the movement every weekdays.
are you sure that this is the trend?
Cryptocurrency will recover by weekend due to the fact that most of investor and trader always seize to work on Saturdays and Sundays as result will make d over stressed crypto to regain it's strength and prepare for another week hustle.
I am curious about the price of cryptocurrency usually recovery in the weekend even most of cryptocurrency are in the downtrend ?
I haven't noticed this trend, can you share some charts to prove that? In general I believe more trading is being done after the weekend, as people are usually off for the weekends.
Yes it is true and I think so too, and it may be due to their basic needs in daily or weekly, at which time they earn money from salary and for investments in bitcoin.
These are the main factors that control the price:
1. Regulation: The legal status of bitcoin in some countries affects its price
2. Bad news: News plays a vital role in determining the price
3. Demand and Supply: Supply and demand affect directly, and therefore you find a difference in price depending on the trading platform
4. Technical reasons: high fee and new forks
There is no direct effect but the weekends can change the price "Can change the supply and demand."
about altcoins: bitcoin price plays a vital role in determining its price
1. Regulation: The legal status of bitcoin in some countries affects its price
2. Bad news: News plays a vital role in determining the price
3. Demand and Supply: Supply and demand affect directly, and therefore you find a difference in price depending on the trading platform
4. Technical reasons: high fee and new forks
There is no direct effect but the weekends can change the price "Can change the supply and demand."
about altcoins: bitcoin price plays a vital role in determining its price
it is actually the other way around and both of them are wrong.
people usually say bitcoin price (and then altcoins that follow it) drops during weekends.
but the thing is, it is never true. there may be times when it comes true but they are all coincidences because it is not a common thing that occurs every week so you can't say it is a "pattern".
people usually say bitcoin price (and then altcoins that follow it) drops during weekends.
but the thing is, it is never true. there may be times when it comes true but they are all coincidences because it is not a common thing that occurs every week so you can't say it is a "pattern".
Cryptocurrency will usually recover this weekend. Because first of all, it was our expectation that Bitcoin will soon recover. Because the prices of Bitcoin are steadily rising from innovation. But sometimes its price decreases again. This weekend the demand and consumption of Bitcoin and the number of investors is increasing so the price will be restored.
I hope future prices will remain high and the world will be the most valuable currency.
I hope future prices will remain high and the world will be the most valuable currency.
The prices of the cryptocurrency determines its volatility, these are varied depending on the trend on the environment as ''some'' factors affecting such as the price and demand usually takes effect.
I am curious about the price of cryptocurrency usually recovery in the weekend even most of cryptocurrency are in the downtrend ?
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