Bitcoin Forum

Is it right that price of coins surges during daytime and dips during nighttime as we see less volume of trading at night?

You need to realize that not everybody has day and night at the same time. But it can be possible for big markets, like china, east USA.

exactly as vanderwaals said. all exchanges are open 24 hours, but it depends on the time in a specific territory. a lot of people miss drops and peaks because of this so have lost or made money. if you're looking at this in terms of when to invest, then you can always set price alerts. having said that price alerts are only possible on major coins like ETH, bitcoin, dash and litecoin. i dont know if any exchanges offer it on tokens as yet.

Price changes depends on balance of supply and demand. not just crypto currency market but all the other markets work in the same way.

also bear in mind that certain assets popular in some countries and not so popular in others. analyze which exchange has the highest volume (influences most) for the asset and when the volume has the peak on this exchange for your asset. maybe you find the timeframe for significant changes.

you can have all your analysis done right, if a whale decides to dump there can be a major correction.
and whales are all over the world.

coin prices changes develop on many faktors, most you will never be able to be aware off, but most significant faktor is the expectations and behavior of the market participants.

Time of the day definitely pay crucial role in price movement of any market. More so cryptocurrency market is especially influence by time difference of regions of the world. When America wake up Asia is going to bed and Australia are already in the next day.

Just because of this we have no timing for rise and fall because we all whales all around the world and they can make impression any time you need to set your own best time for trading and analysis because this can help you a lot and you can manage things for yourself never been take burden and rush this can cause lost and bad health for you

Well, it is true that regions matter in this kind of buisenss, because as any other thing in the world prices of crypto currency depends on the amount of people using it at given time. So, to simply put it, do a simple and basic analysis for a little time and you will figure out about timing of price rise and fall.

We are in a system that works according to supply demand. This system is not about night or day. Falling or rising prices depends on the depth of buying and selling orders.

That is not, but the rise or falls of altcoin will depend on the trend or rumour to make the more people are trying to buy it to follow the pump, that was the correct reason in my opinion.