BEST CRYPTO EXCHANGES
A lot of people keep discussing what is the best time of day to buy Bitcoin?
In general, cryptocurrency (particularly Bitcoin) is known to be very volatile, which means that there are certain benefits and limitations.
While some people have become billionaires by investing in cryptocurrency, there are others who have lost so much more. So, what is the secret behind their success?
Of course, this method is not a magic trick; all you need to know is the precise time when you can invest in Bitcoin.
In most cases, people would not understand the know-how when it comes to dealing with cryptocurrencies, like Bitcoin. As of today, most of the traders that deal with Bitcoin are self-taught.
As long as the needs are being met, this method works just fine. Most economists are working to understand what is the best time to invest in Bitcoin and have just started producing the results based on various analyses and factors.
These experts have stated that these analyses and factors often dictate the swings in the price of Bitcoin; they are also very different from the circumstances that can affect traditional assets.
The prices of Bitcoin keep increasing and falling very quickly. Hence, it is advised that you should only invest in Bitcoin once the value elevates by 20% from last week’s reading.
Before we get into the gist of when is the best time to buy Bitcoin, we first need to learn some things beforehand, like how you can decipher the right day if you want to invest.
The Best Day to Buy Bitcoin / Best Day to Buy Crypto
Unlike the case of traditional stock markets, you need to understand that the cryptocurrency market is accessible throughout the day all week.
All you need to have is a stable internet connection if you want to purchase Bitcoin at any point of time in the day.
Based on the research done by experts, it is said that Mondays and Sundays are considered the best days to buy Bitcoin; this is because the pricing on these days is the lowest.
Why Those Specific Days?
There are many theories that dictate what is the right time to invest in Bitcoin. In this article, we will talk about the most important three.
However, before we get into the gist, let us look into something else. You can easily get 10x your investment if you bet on the right cryptocurrency. In fact, you are very well in the position to make 100x on the capital you invest.
This means that if you invest as little as $100, you can easily end up with roughly $10K. According to experts, this phenomenon can take place again in 2022.
However, the question here is how do you know you are betting on the right cryptocurrency. Thankfully, we have the answer for you – all you need to do is get in touch with WhaleTank.
This is a non-stop solution that can help you find the best coins that you can invest in this market. If you want to join the Telegram group, you can do so by clicking here.
Now, let us look into the three theories that we were about to discuss:
- One of the theories why the prices of Bitcoin fall on Sundays and Mondays is that the demand for the cryptocurrency slows down on these days.
- The second theory suggests that more people invest in Bitcoin during the weekends because the trading begins at the new week; this means that Mondays have the highest volume.
- Lastly, the final theory suggests that it is in the best interest to avoid purchasing BTC when almost everyone is working and getting their salaries. When there is an increase in the flow of money, there will be more demand for these crypto coins.
What Is the Best Time of Day to Buy Bitcoin?
In this section, we have narrowed down the days that are considered the best if you want to buy Bitcoin.
Additionally, we have also provided the reasons why these days are considered the best when it comes to purchasing these coins.
Let us take a detailed look and understand which are the best days when you can invest in Bitcoin.
You need to understand that Bitcoin is known for its volatile nature, which is the reason why the prices tend to fluctuate rapidly.
You need to know that if you are looking for the best day to invest in BTC means that you will focus on the short-term pricing of the cryptocurrency; under normal circumstances, this is not advised.
The most logical step that you can take is to understand and utilize the methods that we have provided below to ensure that you do not lose your BTC.
Educate Yourself
One of the first rules of dealing with cryptocurrency is that you should never start trading unless you have a basic idea about it.
The crypto market should not be confused as a platform where you can earn some quick bucks. While this market does offer profits, it is equally risky.
The first step of educating yourself about this market is to sit on your computer and start the research process.
For instance, you can easily get some important facts and figures from the Nakamoto Institute; alternatively, you can also make use of various other platforms like YouTube to learn more about the world of cryptocurrency.
While it may take some time, it will be well worth your effort.
Don’t Panic Sell
Most people tend to think that the best time to sell is when the market price of BTC is at an all-time high. Of course, they think that they will gain a profit, which is a good idea.
However, there are others that listen or read things online and think that they need to sell their stocks before the market crashes. This is not true – you should never do this.
You have to understand that holding on to any cryptocurrency long-term is the best idea. Bitcoin is slowly gaining traction for monetization. It would not make sense to sell and collect worthless fiat money.
Buy The Dip
As mentioned previously, cryptocurrency is extremely volatile; hence, the price of BTC coins will keep increasing and decreasing. Hence, you need to invest in this crypto coin today.
If you are new to this world, this advice may sound odd. However, you should know that since crypto is volatile in nature, the prices could also appreciate in less than an hour.
Understand Current Markets And Trends
Carrying on with the first point, it is equally important to study and understand the trends happening in the market. These charts will help you understand what is the right time to buy Bitcoin.
Based on the current trends in the market, you will be able to make the right decisions. You will no longer have to rely on what others are doing.
How To Keep Track Of Bitcoin Prices
Since Bitcoin is known to be very volatile, it is nearly impossible to predict the right time to invest in Bitcoin. However, let us try to understand a concept that can help you learn how to keep track of BTC prices.
If you develop the habit of tracking the prices of BTC coins, you will instantly be notified when there is a rise or fall in the prices. This is quite important if you want to invest in cryptocurrency.
Thankfully, there are many apps and tools that can help you keep a track of crypto prices like Blockfolio, Coinbase, Delta App, Plus500, Binance, and TradingView.
In most of these apps, you can easily set alerts so that you will receive notifications when the prices of Bitcoin rising or fall.
At What Time Of The Day Is Bitcoin The Most Volatile?
Due to the volatile nature of cryptocurrency, it can be quite difficult to choose on which day you can invest in BTC. However, if you know the right hour of the day when the cryptocurrency is the most volatile, it can be very rewarding. Based on the analysis and research of the current market trends, it has been found that BTC’s volatility is the highest at 1 am UTC.
There are various reasons for the same – for instance, this hour starts in the evening for North America. However, the same time is when the workday starts in Asia. Therefore, it makes sense that the Asian and Western traders are trading actively at this time.
Conclusion
Overall, the question remains – what is the best time when you can purchase any type of cryptocurrency?
Based on various analytical research and theories, there is no way of knowing the right time to invest in BTC when it comes to crypto coins.
In contrast to various traditional assets, cryptocurrency is known to be the most volatile. In fact, you could make a lot of profit very quickly and lose everything you have the very next day.
Luck has nothing to do with this. All you need to do is research as much as you can.
Additionally, you also need to ensure that you invest only that much amount of money that you can lose without any regrets.
This is important because most people tend to invest their life savings in cryptocurrencies, only to lose them all tomorrow; therefore, it is important that you study everything there is about cryptocurrency to minimize loss.
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Written by Thomas McGovern
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