Which time of day is most profitable for purchasing crypto?

3 answers

• Dec 27, 2021 · 3 years ago
  As an expert in the cryptocurrency market, I can tell you that there is no definitive answer to this question. The crypto market is highly volatile and can fluctuate at any time of the day. However, some traders believe that buying crypto during the early morning hours when the market is less active can lead to better opportunities for profit. It's important to note that this strategy may not always work and it's crucial to do thorough research and analysis before making any investment decisions.
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• Dec 27, 2021 · 3 years ago
  Well, it really depends on your trading strategy and risk tolerance. Some traders prefer to buy crypto during the early morning hours when the market is less crowded and there is less competition. Others believe that buying during peak trading hours can lead to higher liquidity and better price execution. Ultimately, it's important to consider your own goals and preferences when deciding the best time to purchase crypto.
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• Dec 27, 2021 · 3 years ago
  According to a study conducted by BYDFi, a popular cryptocurrency exchange, the most profitable time to buy crypto is during the late evening hours, specifically between 9 PM and 12 AM. During this time, the market tends to be less volatile and there is a higher chance of finding good entry points. However, it's important to note that this study is based on historical data and past performance is not indicative of future results. It's always recommended to do your own research and consult with a financial advisor before making any investment decisions.
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