Bitcoin is crazy risky…but is making millionaires! Using historical data on bitcoin prices by day and hour, I’ve found a way to take the risk out and help you make more money. Do not buy cryptocurrency until you watch this! Don’t miss this secret loophole I found for cryptocurrency investors! https://youtu.be/629f5wZQvQ8
The price of bitcoin has plunged more than 9% on 20 separate days in the past five years and several times falling 20% and 30%…in a single day! But you can make money in crypto if you know when to buy. There is an anomaly in cryptocurrency prices that, if you know the best time and days to buy, can give you a price advantage over other investors.
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In this video, I’ll show you actual bitcoin price data from Coinbase and the Gemini platform to analyze the best time and day to buy. We’ll look at the average bitcoin price by day as well as every hour. You might not think it matters but what I found could save you thousands of dollars.
I’ll show you the data, explain why the price of bitcoin is lower on certain days and times and then give you a buying strategy to make more money!
0:00 What is the Best Time and Day to Buy Bitcoin?
1:39 What is the Best Day to Buy Bitcoin?
4:50 When is the Best Time to Buy Bitcoin?
6:00 Why is the Bitcoin Price Lower on Sundays at Night?
7:30 Bitcoin Investing Strategy to Make Money
Learn about Cryptocurrency and How to Invest Before You Buy! Watch these Videos!
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Bitcoin vs Ethereum, Which will Produce the Higher Return? https://youtu.be/UWgWcsA8dSQ
Why I’m Investing in Crypto but NOT in Coinbase Stock! https://youtu.be/PQO7yOgSt5o
Ready to Invest? See how I Invest for an Extra Return! https://youtu.be/UbaUQguZyPk
Bitcoin prices tend to be higher on the weekdays and lower on weekends, Saturday and Sunday. In fact, on average the price of bitcoin is 1.7% lower on Sundays compared to Tuesdays. This is a function of supply and demand. There are fewer buyers on the weekend because you don’t see as many institutional investors. The fact that there are only retail investors means any news can swing the price of bitcoin wildly.
Liquidity is also a big reason bitcoin prices are lower on the weekends. It’s difficult for investors to get money into their accounts because the banks are closed. This means there are fewer buyers. It also means that any big drops in the price cause margin calls that aren’t easily satisfied. If investors can’t get money into their account, the platform might force a sale of bitcoin to satisfy the margin call and this further erodes the price.
Bitcoin prices tend to be lower late at night, between 10pm to 2am eastern time. This again is because of liquidity. There are fewer people up and at their platforms ready to buy bitcoin so the sellers are often in control.
Taking advantage of this information can make you a lot of money. Even a 2% advantage in buying and selling bitcoin at a certain time and day can make you thousands more over time. It’s free money and takes almost no planning. Always have money in your account ready to take advantage of a bitcoin price crash and always time your purchases over the weekend.
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
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