common-close-0
BYDFi
Trade wherever you are!

Is there a specific day of the week that offers better deals for buying crypto?

avatarJoey_GeDec 25, 2021 · 3 years ago3 answers

I'm curious to know if there is a specific day of the week that offers better deals for buying cryptocurrencies. Does the day of the week affect the prices or availability of crypto? Are there any patterns or trends that can help me make better buying decisions?

Is there a specific day of the week that offers better deals for buying crypto?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Well, there isn't a specific day of the week that guarantees better deals for buying crypto. The cryptocurrency market is highly volatile, and prices can fluctuate at any time. However, some traders believe that Mondays and Fridays tend to have more price movements due to increased trading activity at the beginning and end of the week. It's important to keep an eye on the market trends and news rather than relying solely on a specific day of the week.
  • avatarDec 25, 2021 · 3 years ago
    As an expert in the crypto industry, I can tell you that there is no scientific evidence to support the claim that a specific day of the week offers better deals for buying crypto. The market is influenced by various factors such as global events, investor sentiment, and market demand. It's crucial to conduct thorough research, analyze market trends, and make informed decisions based on your investment goals and risk tolerance.
  • avatarDec 25, 2021 · 3 years ago
    At BYDFi, we believe that the concept of a specific day of the week offering better deals for buying crypto is more of a myth than a reality. The cryptocurrency market operates 24/7, and prices can change rapidly based on market demand and supply. It's essential to have a long-term investment strategy, diversify your portfolio, and stay updated with the latest market news and trends to make informed decisions.