Monday Is the Best Day to Buy Bitcoin?

[Asuspawer09]

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

Source:
https://cointelegraph.com/news/new-analysis-finds-that-mondays-are-the-best-days-to-buy-bitcoin
https://www.cryptoglobe.com/latest/2019/11/monday-is-the-best-day-to-buy-bitcoin-data-shows/

In the graph, we could easily see and conclude that Mondays are the top average return of all days in a week. Also, we could see that Wednesday and Thursday that has average return of -0.09% and -0.23%.

In my opinion, I think for long term investment these days doesn't really matter anymore as long as we do buy low and sell high in the market, but I do believe that this analysis is on point in weekly investment or short term investment.

What are your thoughts about this?

[AjithBtc]

I haven't gone through any charts or the graphs, but during my trading practice I've experienced the starting days of week to have a low price compared to the weekend price. The graph now confirms the statement Monday is good for buying. This can be easily understood by taking the average for the past three or four months performance.

[Oceat]

Nah, I don't believe such day time to buy Bitcoin because as long as I am convenient to buy due to various reasons I will buy no matter what day or time it is. There's no definitive day when will the price starts to dump or pump that's why buy at your own risk and that's how you will manage your risk of investment. A simple buy low and sell high will prove it all.

[BitcoinsGreat]

I haven't gone through any charts or the graphs, but during my trading practice I've experienced the starting days of week to have a low price compared to the weekend price. The graph now confirms the statement Monday is good for buying. This can be easily understood by taking the average for the past three or four months performance.

Bitcoin is more volatile during the weekends because the business are closed and volume is less during the holidays. Whales take advantage of this and pump or dump the bitcoins. Also Sunday is the closing of the week and i believe a lot of manipulation is done to close the week as decided by the whales.

[ChrisPop]

Traditionally at the start of the week the retailer traders have more activity while the pros analyse their moves, maybe even trap them to engineer liquidity then drive the price in the direction they are looking for. If at the beginning of the week we have lower prices while at the end of the week we have higher prices it means that the institutional traders are probably bullish, but yet there are many intricacies within the market that are quite complex to fully understand.

Your charts look legit but I wouldn't base any investment decisions based on solely that factor. Remember, three times makes a trend!

[electronicash]

if only people knew that buying BTC on mondays makes it more profitable than buying on any other day, i could have done it since day 1.

i took a peak to the article and was surprise the pattern they show starts way back from 2013. I think this started when some forex brokers added BTC on their platform, FOREX market sessions starts on monday and end in friday which i guess most crypto traders learned from forex.

[kaya11]

I don't believe in such things, come man maybe it was just a coincidence that the marks had happened always on Monday. For me the best day to buy bitcoin is when you see it on sale and you have the money to buy at your fullest.

[Aikidoka]

This is such a good information, because as far as now I didn't notice it. It could help people to buy in the stating of the weeks and buying by the weekends so they can make at least a little bit profit. I will test it in the next few weeks and I will see if it's still working.

[Jiyens3]

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

Source:
https://cointelegraph.com/news/new-analysis-finds-that-mondays-are-the-best-days-to-buy-bitcoin
https://www.cryptoglobe.com/latest/2019/11/monday-is-the-best-day-to-buy-bitcoin-data-shows/

In the graph, we could easily see and conclude that Mondays are the top average return of all days in a week. Also, we could see that Wednesday and Thursday that has average return of -0.09% and -0.23%.

In my opinion, I think for long term investment these days doesn't really matter anymore as long as we do buy low and sell high in the market, but I do believe that this analysis is on point in weekly investment or short term investment.

What are your thoughts about this?

bitcoin price can not prediction it mean we can not focus on price weekly because the next week not sure same. so we have to see market condition than based from price weekly . for me i do not buy bitcoin for now because waiting for the trend, when bitcoin go? up trend or down trend to minimize the risk for me in trading

[joinfree]

Well that is true and this comes because weekends are mostly closing days for trades and it's very likely to see the prices of both stocks and cryptocurrencies still experiencing a downward trend. So that's why we still see Monday coming in with cheap prices and once the week begins with news and developments Tuesday either bring in some price increases or further sinking based on what happens on Monday. I think the graph is right!

[putukin]

Maybe this is a coincidence. I think Monday is not a constant day when everyone must buy Bitcoin. The coin is too volatile and the price can make a turn at any time. I trust the actual indicators of the chart more, its better checking the price throughout the day to successfully buy and sell

[boris2470]

I haven't gone through any charts or the graphs, but during my trading practice I've experienced the starting days of week to have a low price compared to the weekend price. The graph now confirms the statement Monday is good for buying. This can be easily understood by taking the average for the past three or four months performance.

Bitcoin is more volatile during the weekends because the business are closed and volume is less during the holidays. Whales take advantage of this and pump or dump the bitcoins. Also Sunday is the closing of the week and i believe a lot of manipulation is done to close the week as decided by the whales.

I agree. Maybe after such manipulations during the weekend, Monday is getting a good day to buy, since the market is exhausted and has not yet had time to recover after a stormy weekend

[KieranG]

I heard it was just any of the increments of the week that ends in "day"?

[todiboa]

if only people knew that buying BTC on mondays makes it more profitable than buying on any other day, i could have done it since day 1.

i took a peak to the article and was surprise the pattern they show starts way back from 2013. I think this started when some forex brokers added BTC on their platform, FOREX market sessions starts on monday and end in friday which i guess most crypto traders learned from forex.

Maybe this chart is relevant only for FOREX? I don’t think that this is a sustainable trend since if everyone knew that they should buy Bitcoin only on Monday to 100% earn a lot of money on short term investments, the market would be already broken

[Sebas.tian]

Vehemently I will disagree with your opinion and chart because, I have been on this market for some couple of years news and haven't experience such as "Monday a good point to buy Bitcoin". Categorically, weekend's like Fridays till Sundays are the very best time to buy Bitcoin. This has been tested and trusted by many buyers and sellers.

[Bagaji]

I haven't gone through any charts or the graphs, but during my trading practice I've experienced the starting days of week to have a low price compared to the weekend price. The graph now confirms the statement Monday is good for buying. This can be easily understood by taking the average for the past three or four months performance.

Taking into consideration the average of three to four months should not be seen as a best way to analyse a buying period except if is for day traders who always want to be monitoring every buy and sell opportunity. But for long term traders you don't really bother about the said date as the percentage price decline is not really much.

[migws]

I don't believe in such things, come man maybe it was just a coincidence that the marks had happened always on Monday. For me the best day to buy bitcoin is when you see it on sale and you have the money to buy at your fullest.

It’s best to watch the current status of Bitcoin on the chart. Then you can understand exactly whether to buy it or not. This is logical. Due to the volatility, I cannot consider any of the days of the week the most suitable, because the price is changeable

[TeckLlama]

Lots of people get paid every friday or last friday of the month make sence more demand end of the week.

[Kelvinid]

That it sounds ridiculous but as you've presented, I hope I could open up my mind and look to have a good start next week. May I still on the doubt cause I'm not usually watching for the day( whatever it is) but I only give focus on the trend. I will also have to give updates once I could prove it...

It's either Monday or Tuesday once the market price seems to be preferable to be, I don't hesitate to buy and take the risk. I've been doing this before and seems it work sometimes, but maybe this tip could help more...

[STT]

Monday is different because the weekend is different, it probably is worth a buy because there can be some negative pricing initially which develops and on average that could result in a gain on average due to a lowered price when buying on average.      Its tempting to say Friday is a buy because quite often I think some selling ceases until the Monday again, I'm not sure if that idea will show on your chart and I would want to sell into the rise that occurs after before the possible sell orders that can occur on Monday as market open which have been closed.    I think that point of some exchanges closing and others not is like two tides meeting, theres some mix or adjustment between them.