Cryptos Weekend Effect

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It should come as no surprise to many of us that crypto always seems to slow down and often times dip more than rally over the weekend. Let's dive into why that might be.

In the world of crypto it never sleeps. Unlike the stock market which trades M-F but not on holidays or weekends and with limited trading hours. Crypto is traded 24/7 365 days a year with no break.

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Most People Take Breaks

For many Saturday is still a trading type day but for the most part people such as traders still take their weekends off and enjoy the fruits of their labor.

Most institutions or the people with the big bucks in the game often take these days off and don't do trading. This normally slumps everything in terms of trading column in brings the entire supply/demand aspect of crypto to a bit of a slow down. This slow down often triggers a slow decline in prices.

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Wild Swings

Another reason crypto often slumps over weekends is it takes a much lower market cap drive up or down the price of bitcoin as volumes are down. Let's take a look over the last month and pinpoint the weekends.

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As we can see every weekend see a dip in amount of volume transacted over these two days. With lower transaction it provides an area where a sell or a buy can trigger a huge % often causing others to start selling off. It's a wild thing how many people "gamble" with their investing. Day trading to me and others is gambling and we all know how often gambling pays off. You might get lucky and hit it big but if you would just buy and HODL you'd be far better off.

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When is the best time to buy?

If you're into dollar cost averaging your best bet over time is to buy on a Sunday. If you look back at the charts for the last few years and only bought on Sunday you'd would have bought on a majority of the lows and increasing your earnings far more than buying on any other day.

*This article is for entertainment purposes only and not financial advice.

Do you trade over the weekend? Or do you take your days off?

Posted Using LeoFinance Beta



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10 comments
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Here is an article with a very great truth, it is very right to recall it. Thank you for that.

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This is so cool. Thanks for the golden tip about buying on Sundays!

I am a rookie trader and I try to DCA every month with a few coins so this could be quite helpful for me. Cheers @bitcoinflood.

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You got it, dollar cost averaging has done well over time. Even with all the crazy ups and downs I'm still way up! If you're working and want to invest a bit each week or each month it's normally a solid play over the long run.

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That's right BF. I have been growing my pot ever since I started doing DCA. In a few year's time, it will be worth a lot more if I don't stop. ✌

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Thanks for the overview! I had a suspicion that this was the case, but it's always good to have actual data to back it up.

I usually take a break during the weekend and I'm not much of a trader, but when I do buy crypto, I tend to do it on sundays. Good to know it's a good day to do so

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Thanks for this eye opening article! I’ve noticed lower volumes over the weekend, but I didn’t know that it correlated with lower prices, or that Sunday is the ideal day to buy!

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Wouldn't call myself a trader but I have been noticing this pattern seem to happen almost every weekends. Guess it's time to advantage of it. Thanks for the great tip


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I don't trade over the weekend but I guess I wouldn't really call it a day off either. Personally day trading is tough and even more so on a market that is open 24/7

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