Monday Is the Best Day to Buy Bitcoin?

[yulionoo]

I am still doubtful about this. I have also observed that indeed the decline in bitcoin previously also occurred on Monday. But I did not make Monday as a benchmark for buying. if bitcoin goes down a lot then i will buy right away no need to wait for monday. and most likely the decline that occurred on monday was whale manipulation.

[Divinespark]

I usually buy Bitcoin on Thursdays and Sundays depending on the market situation in each week, and then I sell them all when the market enters Monday of the following week. That's how I often make short-term profits for bitcoin, sometimes I get a lot of profit with this approach. But besides that I also lose because this rule is not always true

[Meowth05]

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.

That's right, I don't believe it either because the price can go down in any days from Monday to Sundays, the chart that we are looking now that shows Mondays is just a coincidence because if it's not then it would be that easy to trade. The price can be affected by many factors and the price changes anytime with no specific day or what.

Even though Monday, it can't be a signal to buy, if the analysis technique is not suitable for buying, stay away, wait until the price is really below and ready to go up, I know this is approaching the Chinese New Year so be careful to trade

Do you think Chinese New Year will have an impact on the market? I only saw when Christmas, there was no big impact on prices. maybe when the weekend market is quite crowded so when it falls on Monday some people do sell off.

I don't think that Chines New Year will have an impact on the market simply because people won't sell any of their holdings just for that event, they have fiat of their own to spend in this event.

I usually buy Bitcoin on Thursdays and Sundays depending on the market situation in each week, and then I sell them all when the market enters Monday of the following week. That's how I often make short-term profits for bitcoin, sometimes I get a lot of profit with this approach. But besides that I also lose because this rule is not always true

Now regarding what day I usually purchase Bitcoin, it is random. I mean if I have seen the Bitcoin and other cryptocurrencies are drowning I will buy right away regardless of what day it is. Besides, as what OP shows on his chart I think it is just a coincidence that downs happens in Monday.

[Latviand]

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

If it does not always happen, then it is just coincidence. The market is volatile, meaning, there's no consistency with regards to market behavior and market value of cryptos. But seeing how the market turned green on the past few days, there might still be a hope for a recovery. I would more believe on the 'good' season for investment rather than days for investing into something.

[Dart18]

Looks like there is no more rest for every human being anymore.

The weekends which pumps the bitcoin price is a signal that people who are away from their day job are trading. 
If it is Monday then, a huge sell might have had happened since they will be back to work.
But, what timeline is this? Monday of what country?

[Hypnosis00]

There are different theories of the best in buying Bitcoin, there are others say that usually the average bitcoin price lowest on Sunday but the nearest day also is Monday. Probably these days are the cheapest day but it depends on the market situations, you cant rely upon those theories. Even in monthly theories, others believed that bitcoin price will go up in the middle of the month because of high demand and it will down again on the last day end of the month.

Always remember this that always buy the dipping price and never sell, just hold bitcoin a valuable asset. IMO, any time is a perfect time to buy bitcoin as long as you can afford it.

But it could be best if we buy Bitcoin at a low price rather than at a high price.
Yes, I'd never think also that the price will drop on Monday and it encourage me to take a look next Monday if we could still prove it. Until then, I'd never thought that the market goes like that.

But anyway, it is just a helping tip for everyone. Why not take a look also to find out that OP is telling the truth or not.

[Xxmodded]

What goings on with monday, what special on Monday to buy and invest with bitcoin because all days in one week are the same day for buying and investing with bitcoin, I think there are not special moment with Monday must buy and invest with bitcoin just checking when bitcoin look want to raise up with higher price without waiting only with Monday.

[bitzizzix]

Although I am not aware that there are certain days that are the best time or the right time to buy bitcoin, but I prefer to pay attention every day on the bitcoin chart to take advantage of opportunities when there is a decline to make a purchase.
and in my opinion all the good days to buy bitcoin and there is only a little difference in the movement in the garfik and all depends on the plans and beliefs of each.

[cutesgirl]

Although I am not aware that there are certain days that are the best time or the right time to buy bitcoin, but I prefer to pay attention every day on the bitcoin chart to take advantage of opportunities when there is a decline to make a purchase.
and in my opinion all the good days to buy bitcoin and there is only a little difference in the movement in the garfik and all depends on the plans and beliefs of each.

You will get bigger chance when attention all day with bitcoin because you are ready when bitcoin want to grow up with higher price without waiting only with monday, just myth with bitcoin will grow up to higher price on Monday because bitcoin will growing to higher price after get positive news from investor and company without must in Monday.

[Asuspawer09]

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.

Maybe it was just a coincidence but it already has analysis when means maybe a lot of investors or traders have this kind of practice.

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!

For sure   we still need to study the market before buying bitcoin but with the analysis at least we have an idea what is the best day to buy bitcoin.

We have nothing to lose if they don't believe if there is a best day to buy bitcoin anyway.

[Asuspawer09]

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.

Agree, im not telling you to believe the analysis. For sure as always buying low and selling it on the high price in the market is always the best method but since there is analysis I think for a short term investment this could somehow be profitable for traders or maybe it was just a coincidence that a lot of people sell their bitcoin on Monday.

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.

Yeah in the last year analysis it's Friday and then in the past month until this year, it becomes Monday.

I think Monday is a good start, this is most of the time the day where a lot of people invest their bitcoin and bitcoin increases its average return or value through the week.
For sure it is not accurate we still need to study the market to guaranteed our profit but at least we have an idea what day to invest since we have their research or analysis in the market.

[btccashacc]

I think because those who are weekly trader or daily have just returned from their holidays and started their trading activities on Monday, and also Monday is the perfect day where people starting their activities, so it makes sense if the best day to buy bitcoin is on Monday, besides that according to the article you've just provided the worst day to buy bitcoin is on Thursday and Wednesday, well this research is very interesting.

[milewilda]

if playing forex, it's true every Monday it's a good day to buy because the market opens every Monday and closes on Friday.
different with bitcoin do not know such terms, sometimes there are times where on Sunday bitcoin rises high, it is difficult to determine a day to buy bitcoin.

Having the same thoughts and similar thing i would tend to say that buying times or days can be applied here on crypto? I dont think so yet i havent checked the chart or graphs yet but i dont really believe into those particular times or days of the week for a certain trader or investor to buy bitcoin but basing on experience where usually price of btc do increase on weekends and drops on weekdays.
It isnt that constant but these had been frequently happened on previous year 2019.I dont know if this would happen on this current year (this is just my observation though).

[Hamphser]

I think because those who are weekly trader or daily have just returned from their holidays and started their trading activities on Monday, and also Monday is the perfect day where people starting their activities, so it makes sense if the best day to buy bitcoin is on Monday, besides that according to the article you've just provided the worst day to buy bitcoin is on Thursday and Wednesday, well this research is very interesting.

I think everything is just a coincidence because if that happens I'm sure there are people who will take advantage of that to trade and gain some profit. Bitcoin is just 10 years old I'm sure there is a coincidence all of the previous data in trading. I myself will buy if i see a downed price and i don't need to wait for Monday's to buyback.

[Sterbens]

Do not have to wait for Monday to buy bitcoin any day can also be done for you that is difficult when selling at a high price that we want, now that is difficult, it needs analysis to see its movements even though it is 100% not true.
Investing Bitcoin for the long term I think it's better than the short term which is not big in its profits.

[bitbunnny]

I don't think there is some rule that Monday is the best day for buying Bitcoin. Decline in price on that day is more coincidence than a pattern or rule.
I don't think that buying Bitcoin should be tied on any particular day in the week, the key is to watch the market and follow trends to make the decision when is the most favourable time for buying.

[coinfinger]

But, I feel like this is an insignificant difference compared to what bitcoin can do. Yes, maybe people going into market in some other market like stocks could have this kind of changes because weekend is not really something they can trade on, they are basically on and off type of market, you can't make trades at midnight (or give orders but can't execute) etc but on crypto you can have trading 7/24 and on weekends as well.

So, maybe there is some changes sure but on that type of small time change you can't make too much money, reality is that bitcoin just moved 20% in the recent weeks right? It also had a 5%+ fall as well? So bitcoin already has huge movements, on a market like this that is super volatile, Monday movements are really insignificant and won't matter.

[inanilujimi]

if you look at the chart right Monday is the best day to buy bitcoin.
but it would be better if we bought it not only because it was Monday but when prices fell that's where I personally bought bitcoin.

[barabarian1]

I honestly have never paid attention to bitcoin movements in such detail. and I think Monday is not only a good day to buy bitcoin. when bitcoin drops in large numbers that's the right day to buy bitcoin. like now bitcoin is down from $ 9k to $ 8.700 this is a good time to buy.

[danherbias07]

It is!

When you consider the amount of people trading on weekends then it could be that they are dumping it all after.
But that is not every week.
I think I have already read this once in an article, forgot to bookmark it though and I cant remember the link.

Mondays had always been the start of the week and what will be left are those full time traders which means there are lesser.