bitmover
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bitcoindata.science
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March 04, 2018, 03:54:52 PM |
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Have you noticed something mysterious in crypto price: weekend disaster.
The most price drops tend to happen on weekends.
During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.
Why?Any explanation?
Most uptrend happens on weekends too I t's because people get bored on weekends. Stock market is closed.
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mia khalifa
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March 04, 2018, 04:26:54 PM |
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Have you noticed something mysterious in crypto price: weekend disaster.
The most price drops tend to happen on weekends.
During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.
Why?Any explanation?
I think it's normal for the players of digital currency trading to attract the benefits they get if you imagine the big players are china and it is definitely when china holiday and long holiday then the price will go down, but now it seems the price has started in the pump again .
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fabiorem
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March 04, 2018, 04:37:29 PM |
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Because the bank is closed, so the panic seller will not be able to withdraw fiat from it. In this way, when the market stabilizes in the coming week, the panic seller will re-buy bitcoin at a higher price, in case he had sold it in the weekend.
The panic buyer will also not be able to put fiat on the exchange and buy, during weekends, so he will buy in the coming week, when the price recovers.
Its a mechanism built on panic and anxiety. It works because most people are in bitcoin only to increase their fiat holdings, nothing more. They dont want to use bitcoin to buy stuff. I dont understand why the bankers fears it.
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olumyd
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March 04, 2018, 05:04:37 PM |
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Have you noticed something mysterious in crypto price: weekend disaster.
The most price drops tend to happen on weekends.
During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.
Why?Any explanation?
It's most likely because the major people trading cryptos at a very high volume are inactive during the weekends and resume activity on the weekdays. Besides there are no specific weekend watch for crypto traders since it's decentralised, most people can also trade but they would prefer to assume breaks.
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iv4n
Legendary
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Activity: 3136
Merit: 1172
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March 04, 2018, 05:31:50 PM |
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Have you noticed something mysterious in crypto price: weekend disaster.
The most price drops tend to happen on weekends.
During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.
Why?Any explanation?
It's most likely because the major people trading cryptos at a very high volume are inactive during the weekends and resume activity on the weekdays. Besides there are no specific weekend watch for crypto traders since it's decentralised, most people can also trade but they would prefer to assume breaks. That would be most logical explanation, there are other, so called mysteries about price movement, like why price always crash in January every year, why price tend to rise after summers and until new year, and many other things. There are many theories why its like that, but one is sure in my thinking, crypto is connecting all the people in the world, so many different places and timezones, but now that isn't matter crypto markets are working all the time, to calculate supply and demand in one minute in whole world is not so easy, that's why price is making fluctuations. In the end you can see that there is no mystery here, its just to many people and everyone wish to make more bitcoins, or more money, it's a race and sometimes its going faster sometimes slower.
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jimbo2000
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March 04, 2018, 06:00:58 PM |
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Have you noticed something mysterious in crypto price: weekend disaster.
The most price drops tend to happen on weekends.
During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.
Why?Any explanation?
It's most likely because the major people trading cryptos at a very high volume are inactive during the weekends and resume activity on the weekdays. Besides there are no specific weekend watch for crypto traders since it's decentralised, most people can also trade but they would prefer to assume breaks. This is almost certainly it, but it works both ways. The largest increases and the largest falls almost always happen on the weekend. You could explain why most happens late on sunday as well by saying that people want to close their positions ahead of the week.
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bocyaj
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March 04, 2018, 06:05:46 PM |
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Have you noticed something mysterious in crypto price: weekend disaster.
The most price drops tend to happen on weekends.
During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.
Why?Any explanation?
In this bitcoin trading,both the employee and unemployed people involve.During the weekend ,many employee will sell their holding bitcoin to celebrate the weekends with their family.If the huge amount of bitcoin is sold means,it will leads to the decrease in bitcoin price.This is not the only reason,it's the one of the reason.
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jossiel
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March 04, 2018, 07:31:39 PM |
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Have you noticed something mysterious in crypto price: weekend disaster.
The most price drops tend to happen on weekends.
I did noticed this during weekends. When someone said in somewhere IIRC its from social media and few weeks later, I observed. Why?Any explanation?
The only explanation that I can give you is many are selling during weekends. I don't have an idea if there's a whale that is cashing out or there is/are certain group of traders that are making this wave. Because the bank is closed
Traders and holders choose to withdraw with their bitcoin holdings/profit? Yes, it might be.
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Lieldoryn
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March 04, 2018, 08:52:33 PM |
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It's Sunday. It's day off. But we see that the price continues to rise. I do not see any reason to say that on weekends there is always a tendency to lower prices. Stock exchanges operate 24/7. Internet access is everywhere. There are automatic bets that set the price trend. The behavior of bitcoin is impossible to understand and predict.
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Siren
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March 04, 2018, 08:58:33 PM |
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Have you noticed something mysterious in crypto price: weekend disaster.
The most price drops tend to happen on weekends.
During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.
Why?Any explanation?
i guess this is only coincidentally happens,though somes are taking home the profit weekens so they needed to cash out.but its not that big enough to bring market down.so i believe that this is in connection of users not trusting bitcoin about the issues of high fees and delayed transaction,which lightning networks doing some actions
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eagleman
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March 04, 2018, 09:21:17 PM |
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It's Sunday. It's day off. But we see that the price continues to rise.
It's family day? so there are investors who spent their weekend off together with their family and cutting some bucks off their BTC.
The behavior of bitcoin is impossible to understand and predict.
True, there are also times that even it's not weekend there's a big slash and cut off to the price of bitcoin. It's situational and yet it is unpredictable so most of us are free to give any idea and opinion on what's really behind the small decrease happened but I wouldn't call it as a disaster.
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Beparanf
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March 05, 2018, 01:11:05 AM |
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It's Sunday. It's day off. But we see that the price continues to rise.
It's family day? so there are investors who spent their weekend off together with their family and cutting some bucks off their BTC.
The behavior of bitcoin is impossible to understand and predict.
True, there are also times that even it's not weekend there's a big slash and cut off to the price of bitcoin. It's situational and yet it is unpredictable so most of us are free to give any idea and opinion on what's really behind the small decrease happened but I wouldn't call it as a disaster. I don't do trading when weekdays before and mostly do it when weekend come ,maybe this affect the market somehow. It depends if the traders were active or not. But I think most were busy taking break.
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PalindromemordnilaP
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March 05, 2018, 03:02:27 AM |
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I think of it like the only days where small time or big investors to have time to look upon their crypto assets due to their schedules during weekdays. That prompts other crypto traders to prefer trading on weekends especially when they noticed that prices goes down every weekend so they can buy crypto assets at lower price during those days.
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carlisle1
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March 05, 2018, 03:11:29 AM |
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Have you noticed something mysterious in crypto price: weekend disaster.
The most price drops tend to happen on weekends.
During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.
Why?Any explanation?
no,for sure its just an isolated case nothings new about it.its just happen that this few months continuously every weekends has a drop.but if we look back this is a common happening that in weekends when more users cashing out for take home. I think of it like the only days where small time or big investors to have time to look upon their crypto assets due to their schedules during weekdays. That prompts other crypto traders to prefer trading on weekends especially when they noticed that prices goes down every weekend so they can buy crypto assets at lower price during those days.
you got a point there mate,it didnt cros my mind but you had analyzed that,maybe right because those usets that working in real has no time to review their wins or loss
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yo_mama (OP)
Jr. Member
Offline
Activity: 89
Merit: 5
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March 05, 2018, 05:16:18 AM |
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Looks like this weekend breaks the pattern. All major coins in green now.
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arpon11
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March 05, 2018, 05:40:53 AM |
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Have you noticed something mysterious in crypto price: weekend disaster.
The most price drops tend to happen on weekends.
During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.
Why?Any explanation?
I see this as not regular accuracy and some time bitcoin and others cryptocurrency do rise in price on both Saturday and Sunday. However, I can still connect the week price dropping to low volume and activities and not some technical issues. Bitcoin do reduce in volume because some traders may like to take some days off in other to have some rest from the market and this do cause some weak hand to sell off they coins at a cheaper price.
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batang_bitcoin
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March 05, 2018, 05:51:53 AM |
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Looks like this weekend breaks the pattern. All major coins in green now.
It did and most of the time weekends are totally making every coin into red but this week is different from before. There is no special price change pattern for days, months or years. The market is so unpredictable. There are many different speculations and should not trust any of them.
This is just base on observation and many here did noticed and observed that during weekends the market is on red. Everyone is entitled for their opinion or prediction or any speculations that they are making as long as it is not a FUD and is valuable to the community.
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| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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Reatim
Sr. Member
Offline
Activity: 2828
Merit: 359
Eloncoin.org - Mars, here we come!
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March 05, 2018, 06:02:35 AM |
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Looks like this weekend breaks the pattern. All major coins in green now.
Nice to see that the pattern was broken. Specially bitcoin and ethereum is making a good run. Have you noticed something mysterious in crypto price: weekend disaster.
The most price drops tend to happen on weekends.
During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.
Why?Any explanation?
I see this as not regular accuracy and some time bitcoin and others cryptocurrency do rise in price on both Saturday and Sunday. However, I can still connect the week price dropping to low volume and activities and not some technical issues. Bitcoin do reduce in volume because some traders may like to take some days off in other to have some rest from the market and this do cause some weak hand to sell off they coins at a cheaper price. Yeah. After a week of working hard and trying to earn. Most of times people need to take a rest and unwind that why the volume is not that heavy during weekends and it can also be attributed to traders sell off and go back later when everything is back to normail.
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| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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Herbert2020
Legendary
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Activity: 1946
Merit: 1137
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March 05, 2018, 06:11:40 AM |
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The most price drops tend to happen on weekends.
this is the keyword. although it is not literary "most" but it happens enough times for some people to start believing it is a thing. Why?Any explanation?
i think we can try and come up with a lot of explanations but in the end i believe that it is not a real trend that is happening for real. it is more like coincidence and also sometimes possibly some expectation of a drop that causes it a little too. as an opposing reasoning i can say that bitcoin is in a global market and it is 24/7 and people may even trade more on the weekends since for most of them this is a secondary job or even a hobby.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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Wandika
Sr. Member
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Activity: 508
Merit: 250
In CryptoEnergy we trust
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March 05, 2018, 10:51:28 AM |
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The most price drops tend to happen on weekends.
this is the keyword. although it is not literary "most" but it happens enough times for some people to start believing it is a thing. Why?Any explanation?
i think we can try and come up with a lot of explanations but in the end i believe that it is not a real trend that is happening for real. it is more like coincidence and also sometimes possibly some expectation of a drop that causes it a little too. as an opposing reasoning i can say that bitcoin is in a global market and it is 24/7 and people may even trade more on the weekends since for most of them this is a secondary job or even a hobby. Since people have different characteristics and we are the main user of it, that's why it reflects too in our charts. It will stabilize only when the community agrees on one thing that might be impossible to happen.
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