Bitcoin expert advice how to#

If you want to avoid high prices, avoid common paydays. If you want to buy Bitcoin, try to beat the rush so that you don’t have to pay more for the same amount of Bitcoin. Once the week finishes, the demand drops off. As people start to buy Bitcoin on Monday, the price and demand increase. The weekend also acts as a time for people to consider and decide on buying in. If you wait until the middle of the week, odds are the market will be more active and prices will be higher. Getting in before the market starts back up means you have a better chance of landing a good price. Since many business people trade Bitcoin, the market isn’t as active over the weekend. One reason why Monday and Sunday tend to be the best days to buy Bitcoin is the weekend. If you follow the market, you can watch your purchasing power grow rather than diminish due to inflation. Of course, the value of Bitcoin will continue to change. Not only will that keep you from losing money, but you could still make a profit in the long term.

Keeping your Bitcoin can also be smart if you buy it when the price is somewhat high. As more and more people buy and use Bitcoin, you have a chance of gaining more value and purchasing power from the BitCoin you buy today. You can buy and hold onto Bitcoin, especially if you want to make a bigger profit long-term.

Bitcoin expert advice how to#

Related: How to Pay with Bitcoin Should I Buy and Hold onto Bitcoin? Overall, you need to consider your goals and whether you want to sell your Bitcoin or use it to buy something at a retailer that accepts Bitcoin. Of course, you can sell some to make a profit. Even if the market skyrockets, you might want to keep your Bitcoin. However, if you want to hang on to Bitcoin longer term, then you should keep it. If you want to treat it as a utility, this will give you the best chance of earning a profit. Should One Buy Low and Sell High?īuying low and selling high can be a great strategy for making money with Bitcoin.

Bitcoin has a long history, and market trends show that August tends to have the best prices for buying cryptocurrency. If you’re looking for the right time of year to buy Bitcoin, wait until August. Not only does that make weekends the best days, but that probably contributes to why you should buy later in the day or at night. Prices tend to be lower when the market is less active. However, you want to get in when the prices are low. Of course, the market for Bitcoin is always open, and there will always be some trading. You can also buy on Monday before the market starts to get busy. If you’re looking to save some money on your next Bitcoin purchase, consider buying on a Sunday. Since Bitcoin is popular with business professionals, the market is most active during the workweek. What Day of the Week is Best to Buy Bitcoin? Whether you want to invest a little or a lot, you can save money when you buy during those periods. If you’re a night owl, you can also get a good deal from 11 pm to midnight.ĭuring those times, the value of Bitcoin is the lowest, which means you don’t have to pay as much cash. On average, the best time to buy Bitcoin is from 3 pm to 4 pm. In general, it’s better to buy Bitcoin in the afternoon since prices tend to drop. While the value is always changing, the value follows has historically followed certain patterns. Once you have an idea of what Bitcoin is worth, you should consider when to buy Bitcoin. However, if you know what to look for on the market and elsewhere, you can make an educated guess. You may never be able to predict the best time to buy Bitcoin.

Media coverage of cryptocurrency can also have a massive impact on the value of Bitcoin in the near future.

Also, consider business hours outside of the United States.

Business hours tend to be the worst times to buy Bitcoin because more people are trading.

Consider when there isn’t as much demand.

When demand is high, prices will be, too.

After all, Bitcoin has a value that can fluctuate in relation to the USD and other currencies much more than the relative exchange rate relationships that exist between many fiat currencies, so you can’t think of it like exchanging between two traditional currencies. Related: Bitcoin vs Bitcoin Cash: What’s the Difference? Best Time to Buy Bitcoin According to EconomistsĪccording to some experts, you should consider more than the current value of cryptocurrency. Sunday is the next best day of the week overall.Īfter that, prices rise with Friday being the most expensive day to buy cryptocurrency. The best day of the week to buy cryptocurrency is Monday when prices are the lowest. Register Now What is the Best Day of the Week to Buy Cryptocurrency?

Within minutes you can register for a Unbanked account, add funds, pass KYC, get a virtual card and make purchases anywhere major credit cards are accepted. Ready To Spend Your Bitcoin, Ethereum, Ripple, Litecoin, and Other Cryptocurrencies?