When it comes to deciding whether or not to buy bitcoin, there are several things you should consider. First, you should understand the risks involved.
Cryptocurrencies have a high volatility rate, which can cause price declines and gains. This means that you should be prepared to lose some or all of your money.
Monday and Sunday
Monday is often a good day to buy crypto because prices start low and rise throughout the week. However, Bitcoin prices tend to drop over the weekend.
There are a number of reasons why prices drop on weekends, including lower volume on traditional markets that facilitate Bitcoin trades. For instance, US derivatives giant CME Group, which contributes significantly to Bitcoin’s global volume (over $500 million daily) traded by institutional investors, closes its markets during the weekend.
According to experts, the best time to buy bitcoin is Sunday evenings into early Monday morning. They analyzed the data from two years and found that BTC’s average value at 1:00 on Monday was $170 higher than it was on Thursday and Friday.
In addition, there is a theory known as the “CME gap fill” that suggests that reduced trading volume on Sundays and holidays makes Bitcoin more attractive to traders. This theory is backed by data that shows that exchanges often move to fill the gap between CME and the rest of the market, which can cause major price action.
Friday and Saturday
There are a number of theories that explain the best time to buy bitcoin. Some of these include the theory that crypto trading volume slows down during weekends.
However, it is important to note that the market is extremely volatile and it’s impossible to predict exactly when the price will go up or down.
Therefore, it’s best to purchase cryptocurrencies when their prices are low and sell them when their prices are high. This strategy is called dollar-cost averaging and it can help reduce the impact of price volatility on your portfolio.
One study took a look at 2 years’ worth of Bitcoin buying and selling data to determine the best times to buy and sell the cryptocurrency. They found that Monday and Tuesday were the best days to buy and sell Bitcoin.
After payday
There are several ways to go about buying bitcoin. One is through a digital payment platform, such as Bybit https://www.bybit.com/en-US/, which makes it easy to buy and sell coins without having to use a traditional crypto exchange.
The other is to get in early, preferably on the weekend when prices are lowest. You can do this by opening an account at an online exchange and checking out the daily price and volume data.
A recent survey from Euronews Next suggests that around 10 per cent of consumers have used a payday loan to buy the latest gimmick in cryptocurrencies. While it’s not an uncommon occurrence, it is the type of risky move that should be avoided. The best way to avoid the risk is to have a solid savings plan in place before you even think about taking out that payday loan. That will help you keep your head above water and avoid a financial meltdown.
Digital payment platforms
Digital payments involve the use of electronic or online media, such as a mobile device or online banking system. These methods are used by individuals or businesses to pay for goods and services.
These transactions are usually initiated by the payer and paid to the payee through an intermediary like a service provider. These include e-commerce websites and brick-and-mortar retailers.
Another type of digital payment is a cash-to-cash transfer, in which the payer sends money to the payee. This can be done via a traditional bank or through an online payment processor such as PayPal.
If you want to buy bitcoin on a digital payment platform, such as PayPal or Venmo, be sure to read the terms and conditions carefully. Some may not allow you to buy cryptocurrencies, or might charge you transaction fees.
These platforms allow you to buy cryptocurrency without having to open a new account or make a large investment. They also offer various levels of verification that protect you from fraud and other security risks.