Buy on Friday and Sell on Monday

[Asuspawer09]

Buy Bitcoin on Friday and Sell it on Monday?

A new Analysis that is against in my recent thread "Monday is the best day for you to buy your bitcoin?"
The researcher found that the average lowest price of bitcoin was at  6 am UTC time on Fridays and the best time to invest or buy bitcoin.
The research tends to find the open, close, high, and low for every hour of every week.
They found out that the market price on Monday and Tuesday has the Bitcoin price averaged 170 dollars higher than on Fridays. Meaning that Monday and Tuesday is the best time to withdraw your investment. Still the market price of bitcoin was volatile the study is justs getting the average so you cannot rely on this analysis all the time.



read the info here:
https://www.longhash.com/en/news/3272/Friday-Lows-and-Monday-Highs:-Bitcoin-Price-Patterns-By-Day-and-Hour


My Recent thread:
https://bitcointalk.org/index.php?topic=5219260.msg53657784#msg53657784

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?

[NeuroticFish]

The researcher found that the average lowest price of bitcoin was at  6 am UTC time on Fridays and the best time to invest or buy bitcoin.

If you would have done this in the week-end just passed, you would have bought at around 10240$ and sold at 9790$. Not a good business.
The morale of the story is: don't just go by various self-called specialists, some don't know sh*t and Bitcoin market is more volatile than the "rules" they want so badly to find out.

Still the market price of bitcoin was volatile the study is justs getting the average so you cannot rely on this analysis all the time.

This is the only correct part of the analysis imho.

[stompix]

If you would have done this in the week-end just passed, you would have bought at around 10240$ and sold at 9790$. Not a good business.
The morale of the story is: don't just go by various self-called specialists, some don't know sh*t and Bitcoin market is more volatile than the "rules" they want so badly to find out.

There was another expert a week ago telling us that is best to buy on Monday and sell on...I don't remember but I hope it wasn't Friday.
The biggest problem with those statistics is that even if they were 100% true the moment people would start following them and something like 10% of the buyers would really buy on Friday the prices will skyrocket during that period and dump even more on Monday so for some it would be a total loss.

Those things are like trying to guess the winning horse based on the winners's number from previous races.
You might hit the jackpot once but you're going to lose 3 times that when you draw the line.

[bhabygrim]

The researcher found that the average lowest price of bitcoin was at  6 am UTC time on Fridays and the best time to invest or buy bitcoin.

If you would have done this in the week-end just passed, you would have bought at around 10240$ and sold at 9790$. Not a good business.
The morale of the story is: don't just go by various self-called specialists, some don't know sh*t and Bitcoin market is more volatile than the "rules" they want so badly to find out.

Still the market price of bitcoin was volatile the study is justs getting the average so you cannot rely on this analysis all the time.

This is the only correct part of the analysis imho.

This is the reason why so many new investors are having a hard time or deciding to quitbon crypto.
Those guys who always falls into those sweet talks or so called TA's advice are the ones who lose so much.
Do your own research don't let them decide for your money.

[Yamifoud]

So this means that or even proven that Monday the price of bitcoin never fall down all the time just like what experts say here

https://coincodex.com/article/6648/the-best-day-to-buy-bitcoin-is-monday/

I think this is all been manipulated and I'd never believed that even Friday could be a good time to buy Bitcoin as well. I'd never think it was a joke or whatever it is knowing that fluctuations come around and it happens all the time no matter what day it was. Because in me, I'd never put in mind that today is Monday or Friday but as long as the price is acceptable to me, I'll put at risk buying Bitcoin.

[TheBeardedBaby]

You can't relate to that, as a strategy. Well you can buy on monday 17.02.2020 and sell it on that monday where you have made a profit (if you ever do a profit), it this case you can be right. If you don't make your own TA, you just gonna end up as the other.. broke.
If the bitcoin price goes down under 5K again, I'll buy no matter what day it is

[crzy]

I saw the same thread before and also says that Monday is the buying day of the investors base on the chart. We can’t just rely on this one since the market can be different every day though maybe people believes that Monday is the start of the week and mostly people spend more time with their family during the weekend and on Monday they will continue to buy and that makes the price pump.

[Juggy777]

The researcher found that the average lowest price of bitcoin was at  6 am UTC time on Fridays and the best time to invest or buy bitcoin.

If you would have done this in the week-end just passed, you would have bought at around 10240$ and sold at 9790$. Not a good business.
The morale of the story is: don't just go by various self-called specialists, some don't know sh*t and Bitcoin market is more volatile than the "rules" they want so badly to find out.

Still the market price of bitcoin was volatile the study is justs getting the average so you cannot rely on this analysis all the time.

This is the only correct part of the analysis imho.

This is the reason why so many new investors are having a hard time or deciding to quitbon crypto.
Those guys who always falls into those sweet talks or so called TA's advice are the ones who lose so much.
Do your own research don't let them decide for your money.

I’m really surprised to know that people are so naive and they yet fall for such idiotic claims made by their analysts, and god only knows when will they realise that no one can predict correctly about bitcoin prices. @NeuroticFish very well said and I hope no one from here decided to purchase on a Friday and then decided to sell today, also I hope you guys will follow the basic rule i.e. buy bitcoins on the dips irrespective of the day, and sell it when you’re in profits.

[Wexnident]

Isn't it buy on Mondays and sell on Fridays? Though the assumption is too early to announce since that pattern has only appeared for the past 2 weeks only.  Plus, the profit made isn't really anything huge so the effort might not be that much worth it.  Plus, you've already said it yourself. It's a volatile market. Assuming a pattern based off of 2 weeks of market movement isn't really that of a good move. Not to mention the fact that Buying on Friday and selling on Monday puts you in a negative profit instead of a positive one.

Just buy BTC whenever it hit lows tbh. If you want to invest more that is. Stop selling everyt ime it drops and just keep holding them. Exit the market when you've already made a sizeable profit. We invest what we can lose, so don't make additional movements regarding analysis you don't even understand.

[LeGaulois]

It works only when you don't try lol. I watched and tried this method several times. It was true the price started to increase on Friday, up to Monday then on Tuesday it then started to decrease.
I first noticed and watched this for like a month. Then I decided to buy to apply it (buy on Friday and sell on Monday before it start to decrease again) Guess what it never worked.

Then when I stopped to do it, it started again so I said to myself why not give another chance, and a third, etc. Well, it has never worked for me, so I gave up loosing a few thousand Euros.

#Rekt 

[justdimin]

Doesn't it really make sense to you as well? I mean think about it, bitcoin has become something for the financial sector already so I can understand many people doing a long term investment to it.

However, when you think about it bitcoin is and has always been the investment product for many regular folks, regular folks do not have access to selling bitcoin and moving it to their bank accounts during weekends which means anyone who wants to sell their coins on Friday/Saturday/Sunday all have to sell it on Friday, for example if you need to sell it on Tuesday you can sell it on Tuesday and don't have to sell it on Monday, but you can't sell on Sunday so you have to sell it on Friday. Which means 3 days worth of sale all happens on one day which is Friday which makes it the cheapest day of the week.

[Febo]

Buy Bitcoin on Friday and Sell it on Monday?

Whales are to busy partying over weekend and have no time to suppress price down, so price rise up over weekend. Whales start their job on Monday and they successfully mange to suppress it until Friday.

[BrewMaster]

it makes perfect sense that price be at the lowest in weekend and starts going up as the new week starts. it is usually the case with other markets with their market open and close times.

BUT the problem is that it is not reliable! first of all there is no guarantee that price makes this kind of move every week. there simply is no reason for it. secondly it depends only on the trend. for example if we were in a downtrend then the start of the week could be a big crash as people start selling as they get the opportunity.

this type of strategy is more like the "blank month is a rising month" strategy that many had over the past couple of days and were disappointed every time! (blank is most of the months in a year but mainly from February to August)

[dentolas]

I don't think the answer is to try to find tricks and predicions, specialists and seers... BTC will not follow your wishes or any prediction (although some are better seers than others, they won't be always correct, or at least most times correct)
BTC prices are influenced by too many factors, including market makers
this last weekend has shown you that...

[Kemarit]

You can't really correlate days when to buy and sell your stash.

So it really up to you to decide when to sell your Bitcoin, specially when you see profits already. This is not a exact science, and we all know that as a speculative asset, the price could really change in an instant, so if you think you already made a good profit, then why wait for a certain day to sell? It doesn't make any sense at all. I guess you really need to be active watching the price movements to see what is the perfect time for you to maximize your profits.

[harizen]

The whole strategy was purely based on the movements happened on a specific day which isn't a good idea to act as a reference when to buy or sell.

Generally;
Buy on what you think the best time to make an entry.
Sold on what you think the best time to make an exit.

The whole crypto market is volatile. No way it will always adjust for all during Mondays and Friday. Instead of relying on that Monday thing, think of a strategy that will help us any day of the week. But if that's work for other people, then up to them to hold that market belief.

[Sanitough]

You are saying that there is a permanent trend that is easily to follow, no, I don't believe on that, otherwise this market would easily be predicted and we won't see people complaining on why they lose their money.

Actually I read about this kind of article in the past, before the last bull run and I was still not convince as anytime the price would move depending on what pushes it to move, better analyze the news and the speculation in the market as both are two major factors that could really change the price.

[Kelvinid]

If we could see that way of how the market trend goes on, it makes us think that the market is purely manipulated and centralize. BUT it won't, and it may just a coincidence that this week's trend is quite similar for the past week and it doesn't mean that in the whole month we are in the same. It gives us a surprise for sure and I really don't think that people will have a synchronize thinking of selling their coins on Monday and buy back again by Friday.

And I know that people come to crypto without that consideration and they buy cryptos at different times or days. If this could be reliable, then we have to check it back next month to prove if the trend is working the same.

[TheAndy500]

You are saying that there is a permanent trend that is easily to follow, no, I don't believe on that, otherwise this market would easily be predicted and we won't see people complaining on why they lose their money.

Actually I read about this kind of article in the past, before the last bull run and I was still not convince as anytime the price would move depending on what pushes it to move, better analyze the news and the speculation in the market as both are two major factors that could really change the price.

Of course, it's easiest to say that the cryptocurrency market is unpredictable and this way you can beat down any theory. Most users will probably agree with you.

Statistically, this theory is correct. During the bull run it was much more likely to earn on increases by buying on Monday and selling on Friday. At this point, it is better to buy on Friday and sell on Monday, which would confirm that recent increases are not the beginning of the bull run.

I am not saying that this is a rule that will work every week, but statistics speak for themselves.

[criza]

I keep on seeing post like this that relates the movement in the price of Bitcoin from the days in a week. But, I don't really believe something like this because, there are really no laws and concepts that would prove that the value of Bitcoin or other crypto currency is high or low in a specific day.