Monday Is the Best Day to Buy Bitcoin?

[djgtr]

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.

This our best opportunity to have while bitcoin price declines a fewer percentage, and while it dips silently we could accumulate a good sell. But we need to be more careful as of now, because the price might be too quick to go back at $8k range since we aren't certain for what may occur in the next few days of January.

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[ultrloa]

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.

This our best opportunity to have while bitcoin price declines a fewer percentage, and while it dips silently we could accumulate a good sell. But we need to be more careful as of now, because the price might be too quick to go back at $8k range since we aren't certain for what may occur in the next few days of January.

Better to monitor  the market since might it will dump more since  the market is declining but don't expect  for huge fall since I think we will not go deeper for $8k these days and this price stabilizing is a preparation for something good but let see how the demands  comes up since if the price will not dump up to $7k  we can get a high percentage that bitcoins will cross to $10k on upcoming months.

[msarro]

The best time and day to buy bitcoin is when you see bitcoin at your target price. You cant guess what will be the lowest price for bitcoin nor the highest, its just speculation or guess. I will buy bitcoin when it will come to 7000$ and I wont care what day it will be!!!

[Asuspawer09]

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).

I agree, I think this is most of the time the since in the market but surely not all the time the statistics could be accurate for sure there are so many things that are going on in the market that could affects this but still, I think it was kind of helpful for the others since they get an idea of what is the best day to invest in bitcoin.

Maybe most of the people sell their bitcoin at the weekends since the market price increases that time and it is a good opportunity to sell their bitcoin making the Monday market price dump that is the price which is the best time to reinvest your money in bitcoin.

[Wexlike]

I honestly don't get this chart:



What exactly does "Cumulative Return for investing on a specific day" really mean ?

Dollar cost averaging on a specific day with the samer dollar amount for several weeks ??

[Cacingkemi]

I don't fully believe that Monday is a good day to buy bitcoin because I don't think that weekly analysis will always be right. there is no right day or even the right month to be sure to buy at a low price at a certain time because basically the price movement of the bitcoin market cannot be controlled even it is certain when it will go up or down

[andycarrol]

I don't fully believe that Monday is a good day to buy bitcoin because I don't think that weekly analysis will always be right. there is no right day or even the right month to be sure to buy at a low price at a certain time because basically the price movement of the bitcoin market cannot be controlled even it is certain when it will go up or down

I don't believe with Monday is the best time to buy bitcoin because almost one week become good moment and day for investing with bitcoin, just I think at the early morning is the most wonderful time for buying bitcoin, when I wake up always bitcoin have been raise to higher price and many time I got bitcoin back to higher price at the early morning time.

yes bitcoin movement is not based on a particular day, it moves in terms of market factors that are happening. but it might be a coincidence on Monday the price declined. but the traders usually have a certain day, when the market moves quite crowded on Saturdays and Sundays because most people off work and try to trade.

[Hamphser]

I don't fully believe that Monday is a good day to buy bitcoin because I don't think that weekly analysis will always be right. there is no right day or even the right month to be sure to buy at a low price at a certain time because basically the price movement of the bitcoin market cannot be controlled even it is certain when it will go up or down

I don't believe with Monday is the best time to buy bitcoin because almost one week become good moment and day for investing with bitcoin, just I think at the early morning is the most wonderful time for buying bitcoin, when I wake up always bitcoin have been raise to higher price and many time I got bitcoin back to higher price at the early morning time.

yes bitcoin movement is not based on a particular day, it moves in terms of market factors that are happening. but it might be a coincidence on Monday the price declined. but the traders usually have a certain day, when the market moves quite crowded on Saturdays and Sundays because most people off work and try to trade.

Forex traders believe that Monday is the best day to buy but i don't think it would be applied in crypto specially in bitcoin because traders would just buy or sell depending on the current price of the market. There's no specific date on when to buy or the best day to buy or sell.

[Distinctin]

I don't fully believe that Monday is a good day to buy bitcoin because I don't think that weekly analysis will always be right. there is no right day or even the right month to be sure to buy at a low price at a certain time because basically the price movement of the bitcoin market cannot be controlled even it is certain when it will go up or down

I don't believe with Monday is the best time to buy bitcoin because almost one week become good moment and day for investing with bitcoin, just I think at the early morning is the most wonderful time for buying bitcoin, when I wake up always bitcoin have been raise to higher price and many time I got bitcoin back to higher price at the early morning time.

yes bitcoin movement is not based on a particular day, it moves in terms of market factors that are happening. but it might be a coincidence on Monday the price declined. but the traders usually have a certain day, when the market moves quite crowded on Saturdays and Sundays because most people off work and try to trade.

But Maybe OP has noticed it and we're not...OP already shows something like proof. Maybe he never intends to encourage people and gives him appreciations in return but who knows he is right and we are blinded enough to see because we are busy with many things.
All I can say, why not giving is a chance and also observe the market behavior every Monday and for us to put the conclusion on either he's right or wrong.

[andycarrol]

I don't fully believe that Monday is a good day to buy bitcoin because I don't think that weekly analysis will always be right. there is no right day or even the right month to be sure to buy at a low price at a certain time because basically the price movement of the bitcoin market cannot be controlled even it is certain when it will go up or down

I don't believe with Monday is the best time to buy bitcoin because almost one week become good moment and day for investing with bitcoin, just I think at the early morning is the most wonderful time for buying bitcoin, when I wake up always bitcoin have been raise to higher price and many time I got bitcoin back to higher price at the early morning time.

yes bitcoin movement is not based on a particular day, it moves in terms of market factors that are happening. but it might be a coincidence on Monday the price declined. but the traders usually have a certain day, when the market moves quite crowded on Saturdays and Sundays because most people off work and try to trade.

But Maybe OP has noticed it and we're not...OP already shows something like proof. Maybe he never intends to encourage people and gives him appreciations in return but who knows he is right and we are blinded enough to see because we are busy with many things.
All I can say, why not giving is a chance and also observe the market behavior every Monday and for us to put the conclusion on either he's right or wrong.

why bother with observing the market? you only need to look at the chart how the market moves every Monday, as far as I see Monday there was a decline on 20th and it is good if we buy at that time because after that the price increased to 8800. but other Mondays normal and even stable movements. I have said maybe it was just a coincidence.

[mahilchii]

This looks so funny, lookalike you believe in astrology just kidding mate. See the market works only when the trader is authorised to change his coins not like Monday or any other day, it's some other traders who made it like a belief. When BTC price goes down then we have to take advantage of that and invest immediately that's it keep it simple mate no one can exactly predict what will happen in upcoming days.

[kapalmabur]

This looks so funny, lookalike you believe in astrology just kidding mate. See the market works only when the trader is authorised to change his coins not like Monday or any other day, it's some other traders who made it like a belief. When BTC price goes down then we have to take advantage of that and invest immediately that's it keep it simple mate no one can exactly predict what will happen in upcoming days.

if his trust is like that, then let it go, he is not wrong, indeed the market situation on weekends always looks bad, many sellers, but the market situation cannot be determined by the day.

[Swordsoffreedom]

I don't fully believe that Monday is a good day to buy bitcoin because I don't think that weekly analysis will always be right. there is no right day or even the right month to be sure to buy at a low price at a certain time because basically the price movement of the bitcoin market cannot be controlled even it is certain when it will go up or down

I don't believe with Monday is the best time to buy bitcoin because almost one week become good moment and day for investing with bitcoin, just I think at the early morning is the most wonderful time for buying bitcoin, when I wake up always bitcoin have been raise to higher price and many time I got bitcoin back to higher price at the early morning time.

yes bitcoin movement is not based on a particular day, it moves in terms of market factors that are happening. but it might be a coincidence on Monday the price declined. but the traders usually have a certain day, when the market moves quite crowded on Saturdays and Sundays because most people off work and try to trade.

Forex traders believe that Monday is the best day to buy but i don't think it would be applied in crypto specially in bitcoin because traders would just buy or sell depending on the current price of the market. There's no specific date on when to buy or the best day to buy or sell.

With Forex the reason is obvious - the market is closed during weekend and it opens Monday morning. With bitcoin it's different because market is open to trade 24/7. Although there is one explanation why Mondays are the most positive statistically. Because during the weekend you cannot top up your exchange account with fresh fiat so people are mostly selling bitcoin. If they sent deposit of fiat on Thursdays, Friday or they decided to buy more bitcoin during the weekend, the money will most likely arrive on Monday. That is why there is more demand on Monday compared to other days.

I might incorporate this information into my trading strategy so that I will try not to sell during weekend, but I will wait till Monday afternoon when price will be a bit higher most of the weeks.

[johnwest]

More than coincidence I think it might be the weekly closing of BTC and gaining more once it is closed. I think the weekends are the best days to buy bitcoin if you study that chart completely because that is when people might be more concentrated on trading and invest more. Personally, I dont feel this might be useful for a trader to invest in any way and just a display of data.

[Shaileshmrvadiya]

The market has no idea when to go up, when to go down, good news is done, you go and bad news comes, if it goes down, nothing is said right now.  But for those holding for a long time it will be a good thing because the halwing of bitcoin is coming in 2020, so therefore bitcoin is quite good.  But it makes sense to bike at the right time and at the right time.  Sunday or Monday, but remember that even when BTC is in the dump, it is going to give you a very good benefit by going ahead and start bying it little by little.

[hendra147]

That's a truely great information, i think monday is the best of all days to trader, in Forex marketplace its a first day to start trading, and im sure some forex trader doing buy bitcoin too in monday, so the volue in monday will be highest than other, or someone want to buy bitcoin in sunday but the bank deposit system already closed, so they waiting untull monday to deposit and buy bitcoin.

[oktana]

That's a truely great information, i think monday is the best of all days to trader, in Forex marketplace its a first day to start trading, and im sure some forex trader doing buy bitcoin too in monday, so the volue in monday will be highest than other, or someone want to buy bitcoin in sunday but the bank deposit system already closed, so they waiting untull monday to deposit and buy bitcoin.

I think this condition applies to most traders who are comfortable with forex and bitcoin at the same time, they stick to the closing weekly chart.

but there are differences several times when bitcoin accumulation increases, many traders don't seem to want to lose momentum in their open positions, maybe some people like to use stop limit and sign out, but there are also those who choose to keep actively analyzing the developing situation.

[stomachgrowls]

I don't fully believe that Monday is a good day to buy bitcoin because I don't think that weekly analysis will always be right. there is no right day or even the right month to be sure to buy at a low price at a certain time because basically the price movement of the bitcoin market cannot be controlled even it is certain when it will go up or down

I don't believe with Monday is the best time to buy bitcoin because almost one week become good moment and day for investing with bitcoin, just I think at the early morning is the most wonderful time for buying bitcoin, when I wake up always bitcoin have been raise to higher price and many time I got bitcoin back to higher price at the early morning time.

yes bitcoin movement is not based on a particular day, it moves in terms of market factors that are happening. but it might be a coincidence on Monday the price declined. but the traders usually have a certain day, when the market moves quite crowded on Saturdays and Sundays because most people off work and try to trade.

Forex traders believe that Monday is the best day to buy but i don't think it would be applied in crypto specially in bitcoin because traders would just buy or sell depending on the current price of the market. There's no specific date on when to buy or the best day to buy or sell.

With Forex the reason is obvious - the market is closed during weekend and it opens Monday morning. With bitcoin it's different because market is open to trade 24/7. Although there is one explanation why Mondays are the most positive statistically. Because during the weekend you cannot top up your exchange account with fresh fiat so people are mostly selling bitcoin. If they sent deposit of fiat on Thursdays, Friday or they decided to buy more bitcoin during the weekend, the money will most likely arrive on Monday. That is why there is more demand on Monday compared to other days.

I might incorporate this information into my trading strategy so that I will try not to sell during weekend, but I will wait till Monday afternoon when price will be a bit higher most of the weeks.

Valid points but doesnt mean that this would precise yet come to think that it isnt always to be on this kind of situation where prices
do shoots up on a particular day of the week.I agree on what hamphser said that its applicable on Forex but not to this crypto market
which this place is always been unpredictable.When we do talk buying or best day to get in then it will be a matter of choice on your side.

[Bitcoinislife09]

I think this statistics make sense when you study the market price you could easily see the movement and a lot of times this could be accurate in a weekly investment.

But I don't this could always be accurate since there is a lot of movement in the market price of bitcoin for sure it is not always a good time to invest, Most of the time in weekly investment this could work but in long term investment this is not going to work since it depends in the dumps and pump in the market for sure it is not a good time to invest in bitcoin when you study the price and see it has the highest price of all time.

Still, this could make sense if you study the movement of the bitcoin market in a weekly basis.

[alisonwonder]

That's a truely great information, i think monday is the best of all days to trader, in Forex marketplace its a first day to start trading, and im sure some forex trader doing buy bitcoin too in monday, so the volue in monday will be highest than other, or someone want to buy bitcoin in sunday but the bank deposit system already closed, so they waiting untull monday to deposit and buy bitcoin.

I think after the weekend they will be back active in trading on Monday, so people think Monday is when people start trading like most people who start actively working on Monday. but as far as I see this month on Monday does not indicate a good day to buy, even we can see tomorrow on monday whether it will be a good day to buy or not