PS: The strength of Bitcoin at the beginning of the week is symptomatic of market discrepancies that can be exploited! Live Currency Cross Rates. Other experienced traders suggest avoiding the middle and ends of the month. Why or why not? Answer Wiki. Yes, it may take time. Leave a Reply Cancel reply Your email address will not be published.
Get in on the latest craze of digital currency
We are committed to researching, testing, and recommending the best products. We may receive commissions from purchases made after visiting links within our content. Learn more about our review process. The cryptocurrency markets have calmed down a bit since that record high, but many Bitcoin evangelists still claim Bitcoin to be the currency of the future. Follow along to learn more about how Bitcoin works and the best places to buy Bitcoin. First of all, need some background information about what Bitcoin is? It’s a digital currency used mostly for online purchases and as an investment, albeit a very risky one.
Bitcoin is not a company or a stock. It is a virtual currency. So, when you finally decide to invest in crypto, you are essentially buying a currency like the US Dollar or Euro. However, there are also some specific strategies for investing in BTC. Believe it or not, there seems to be the best day of the week, and the best time of day, to buy Bitcoin. This momentum effect was found to strongly affect cryptocurrency, meaning that if Bitcoin is performing well then it is likely to continue doing so, at least in the short-term.
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Update Cancel. PS: The strength of Bitcoin at the beginning of dat week is symptomatic th market discrepancies that can be exploited! In this issue I will show an analysis of the returns of bitcoin on individual days of the week. Learn how your comment data is processed. What is the best part of the day to buy and sell cryptocurrency? While the highest average Bitcoin prices in both analyses are on Fridays closely followed by Saturday.
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