Do not buy Crypto on this day of the week

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If you’ve ever talked to a financial advisor or a stock broker, you’ve undoubtedly heard that time can be an important factor in trading success. Investors use different methods to determine the best time to trade the stock markets.

But what about when it comes to cryptocurrency? It’s certainly a question on many potential investors’ minds, especially given the size of the crypto market. According to The Motley Fool, it is currently worth more than $2.3 trillion.

There are certainly some guidelines and methods used by investors, but traditional stock market trading patterns do not always apply. Still, it’s helpful to at least acknowledge some expert advice, especially given the volatility of cryptocurrency.

Don’t wait until Friday

Don’t put off buying cryptocurrency until the end of the week. You may want to avoid Fridays in particular. According to the Corporate Finance Institute: “In general, cryptocurrency prices start low on Monday and rise throughout the week. When the weekend arrives, prices tend to drop until market activity begins the following Monday. With prices likely at their lowest point after a weekend of little trading activity, Monday is the best time of the week to buy cryptocurrency.”

Don’t wait until the end of the month

Another factor to consider when it comes to time is the day of the month. Overall, the end of the month is widely considered the best time to buy crypto, according to the Corporate Finance Institute. Prices generally rise in the first weeks of the month and then drop towards the end of the month.

If you are new to cryptocurrency, there are a few things you should keep in mind before you start buying. First of all, remember that the crypto market is usually extremely volatile. This means that before you start, you need to know what level of risk you are comfortable with. And even though you can buy and sell cryptocurrencies 24 hours a day, you may still want to pay attention to the stock markets. What happens during traditional trading hours often has an effect on crypto trading.

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