Best day of week to buy bitcoin

Bitcoin, performance by individual days of the week, to History Overview 8. It is a virtual currency.

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Bitcoin is not a company or a stock. It is a virtual currency. So, when you finally decide to invest lf crypto, you are essentially buying a currency like the US Dollar or Euro. However, there are also some specific strategies for investing in BTC. Believe it or not, there seems to be the best day of the week, and the best time of day, to buy Bitcoin. This momentum effect was found to strongly affect cryptocurrency, meaning that if Bitcoin is performing well then it is likely to continue doing so, at least in the short-term. According to their strategy, an investor should buy BTC if its value increases more than 20 percent in the previous week.

We understand that buying bitcoins can be extremely confusing and frustrating. Luckily for you, this site has ample information to help make buying bitcoins easier for you. Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision. Certain exchanges are simply there to steal your personal information or rob you of your bitcoins. We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges. Buying bitcoins with cash or cash deposit is the most private way to purchase bitcoins.

Best Time to Buy Bitcoin — Get 20% Within Days!

The first chart below shows the annualized performance of bitcoin since in black, as well as the cumulative annualized performance on individual days of the week in blue. On Tuesdays those who were waiting for confirmation from rising prices follow suit and buy bbitcoin. Deek Days of the Week under the Magnifying Glass The next chart shows the performance of bitcoin since dayy black, as well as the cumulative return achieved on every individual day of the week in other colors — indexed to Now Available at Amazon. Despite many theories, efficient markets do not exist in the real world. Bitcoin, performance by individual days of the week, to And we, therefore, offer no opinions on when to buy it. Part of this philosophy also requires anyone buying BTC to only spend as much money as they are entirely comfortable losing completely. Your comment: Click here to cancel reply. Because Bitcoin is a commodity in the process of monetizing. Bitcoin, daily — since bottoming in early December, BTC has advanced quite a bit. Why not sell and take wfek This is a time of celebration, best day of week to buy bitcoin, and excess libation.