There are so many currency markets available in the world which is helpful for you to gain knowledge and learn about it to double or triple your hard earned money. Money always plays a major role in day to day life as each of us knows its importance. Now the most popular currency market is crypto currency as it is believed that there is a large return with an investment in the currency market. So now while speaking about the crypto currency the first thing that comes to mind is bit coin which is very famous in virtual currency market and that is the one first introduced as crypto currency. It has become more popular during its launch, but later it is been recognized as unsafe for financial transactions in some of the countries, whereas people can use them on their own risks.
There are so many articles and blogs available for you in online, whereas there are authors who have done research for writing these articles. Many of you will have doubts in knowing the right time for buying bit coin. There are economists from Yale University who started doing analysis on the predicting the right time to buy bit coin, and they end up with some characteristics. The first thing they found is bit coin is distinct and unique from other stocks, currencies and other commodities.
So only the crypto currency factors will affect the value of crypto currency and no other factors from various other markets including stock market, foreign trade, etc. So now do you wish to know when to buy the virtual currency i.e. bit coin? If yes then continue reading this article. You can also find the right day to buy them, whereas as per the research based on previous history the performance of bit coin will be high on Fridays and the price will be lower on Sundays and Mondays. So it will be better to buy them during the start of week, so that you can have decent returns in it. Thus, Sunday and Monday are mentioned as cheapest days and vice versa for weekends, while the prices on Saturday will little lower than Friday. Most people avoid buying bit coins in the middle of the week as the purchasing activity will be high in that time.
But as a conclusion no one can give you the right answer to know the perfect time for buying bit coin as it cannot be accurately predicted. Bit coin so far had a great increase initially while followed by a slow downfall and later it got stabilized. There are tools available in online to know about the bit coin price charts based on its previous activities.
