Monday Is the Best Day to Buy Bitcoin?

[JH-BTC]

The study posted earlier only goes back to April 2013. A more comprehensive study of seasonality in bitcoin can be found here with data from August 2010 to present: https://medium.com/interdax/seasonality-in-bitcoin-examining-almost-a-decade-of-price-data-abf47b1421cb?source=friends_link&sk=f8bb18af9f42a53491a65eafcee78108

From the findings, the largest gains are usually on Saturdays. The article also looks at volatility and candle body ratios to show the days/hours that are more volatile or more frequently display trending candles.

[sheenshane]

Buy on Wednesday, sell on Monday. Not bad, I understand your opinion with this. But if I were the one to be asked, based on my experiences, these things really are a coincidence. I can tell that the next week, the frequency on the charts will change. I also tried analyzing the charts and searched for the best days to buy low as it is the only thing the really matters. I made minutes, hours, days and even weeks of analysis and experiments so that I could try to profit. I ended up having my assets in a loss.

The only thing I notice that is probably accurate is that the volatility of the Bitcoin is mostly on the weekends. Maybe because people could focus on their monitors on weekends. I found an interesting online article that explained, When is the Best Time Of Day To Buy Cryptocurrency?

[TIDOVEE]

That's actually thoughtful of you, I never took time to observe that. Normally even in banks, transaction tends to be higher on Monday and Fridays because money made over the weekend are deposited on Monday while those who had made budgets for the week will withdraw to meet up and on Friday people withdraw money to take care of bills over the weekend while some save on Friday to a Avoid accumulating money in hand over the weekend. Now, note- that graph may be a coincidence. Until we ascertain the analysis confirmed.

[onrise]

Monday is the best day for you to buy your bitcoin?  

What are your thoughts about this?

Not necessary. Monday is the start of the week and you will see some quick buying but that does not mean that the rest of the week is not good for buying. Actually, bitcoin does not depend on any week day and more importantly follow the trends or whales manipulation.

I do buy whenever the market falls as you get a good price and also another thing people do panic selling which helps as price further falls and this is a sort of opportunity which many big investors await and grab it.  Thus generally if you see later on in some days market may rise back again and you can gain it and can sell some and book profits or if long term investors can hold it and continue buying whenever their is a little dip irrespective whichever day it may be .

[virasog]

I don't believe that monday is the best day to buy bitcoin because, bitcoin's price could change anytime in the morning or evening. Prediction for when it is more profitable to buy Bitcoin can't be fixed in a specific day. I see no relation between the day it is better to buy Bitcoin and the Bitcoin market itself, we cannot really tell when it is good to buy Bitcoin because, if it is true we are all already rich.

These are just superstitions views that the bitcoin price will be better on Monday's. If it were true, would everyone would be buying on Monday's and selling the rest of week.
The thing to note is that every day when the market starts, there is some volatilely  in the market. The same can be experienced when the market closes but this is more for forex trading and bitcoin doesn't follow the same pattern.

[cryptoaddictchie]

I do manual check up and noticed that there is no significant day for the prices that depend solely on date. But time surely will affect this, as some of the traders arent online where some of the traders are active. Imagine if some of those active traders are sleeping on the time you are active you wont see any much difference as volume is stable. I noticed it when I'm using Binance platform. Anyway I got the point why OP introduced this as somehow related to my idea but explained in different way.

[Google+]

I do manual check up and noticed that there is no significant day for the prices that depend solely on date. But time surely will affect this, as some of the traders arent online where some of the traders are active. Imagine if some of those active traders are sleeping on the time you are active you wont see any much difference as volume is stable. I noticed it when I'm using Binance platform. Anyway I got the point why OP introduced this as somehow related to my idea but explained in different way.

indeed no one can provide a guarantee when the right time to buy bitcoin because the price of bitcoin cannot be predicted but to be clearer the very right time to buy bitcoin is when the price of bitcoin falls, you can buy it and after that you can sell bitcoin when the price has risen to become expensive, don't let you overturn because when you buy at high prices it will only make you stuck in bitcoin.

while for an exchange that can be used to buy bitcoin I think you can buy bitcoin at an exchange that has an influence on bitcoin price movements, for bination exchange places I think it's enough but maybe you can try it at another exchange that has a good reputation .

[bering]

Correct me if i'm wrong but this statistics based on traditional stocks markets event called weekend effects which is usually stocks traders will evaluate their trading profit in friday and they will starting again since monday after weekend but in my view this statistics cannot be implement on cryptocurrency market because unlike stocks market which there is time off on weekend but crypto market always alive world wide for 24/7