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When is the optimal time to purchase crypto during the day?

avatarRaunaq AroraDec 27, 2021 · 3 years ago3 answers

What is the best time of day to buy cryptocurrency for optimal returns?

When is the optimal time to purchase crypto during the day?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    As an expert in the crypto market, I would recommend buying cryptocurrency during periods of low volatility, typically in the early morning or late evening. This is when trading volume is lower, and you may be able to get better prices. However, it's important to note that the crypto market is highly unpredictable, so timing your purchases perfectly is nearly impossible. It's always a good idea to do thorough research and consult with professionals before making any investment decisions.
  • avatarDec 27, 2021 · 3 years ago
    Well, let me tell you a secret. There is no perfect time to buy crypto during the day. The market is so volatile that it can change in an instant. However, some traders believe that buying during the early morning hours when the market is less active can lead to better opportunities. Others swear by buying during market dips. Ultimately, it's up to you to decide when to make your move. Just remember to stay informed and be prepared for the unexpected.
  • avatarDec 27, 2021 · 3 years ago
    According to a recent study conducted by BYDFi, the optimal time to purchase crypto during the day is between 2:00 PM and 4:00 PM UTC. During this time, the market tends to be more stable, and there is a higher chance of making profitable trades. However, it's important to note that this is just a general observation and may not hold true for every situation. It's always recommended to analyze market trends and consult with experts before making any investment decisions.