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To invest Bitcoin price: The best day to HODL was yesterday

What day is the best to invest in BTC? This method proposes the Bitcoin price in Performance issues in times of a bear market, better than HODLN. By Phillip Ho

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To invest Bitcoin price: The best day to HODL was yesterday

What day is the best to invest in BTC? This method proposes the Bitcoin price in Performance issues in times of a bear market, better than HODLN.

By Phillip Horch
8. November 2019 BTC $ 8,656.72 , and 0.41% part Facebook Twitter LinkedIn xing mail

In the crypto-Trading, there are numerous ways to the Bitcoin course. Beginners must face a number of questions: am I long or short? Which method is right for me to invest make sense? When I get, when I get off? How can I protect myself against FUD and FOMO? What is the Cost-Averaging method? What is the meaning of HODLN?

once these questions Are answered, there are different ways to analyze the market situation – here we recommend to keep our rate analysis in mind.

by the Way: If crypto Trading is for you uncharted territory and you don't know how you answer the above questions shall, look to our Academy in the past. Here we explain everything completely free of charge.

What day is the best to bet on the Bitcoin price?

is An important factor, the Trader and Kryptonauten in these analysis options often overlooked, the question of the day is the best to invest in Bitcoin. This question has now assumed the crypto-analysis Team of Santiment. For Santiment has made the individual days of the week, and the constant rate of return (also called "logarithmic return") of BTC was investigated. In the process, they came to a clear result – the best Bitcoin-Trading days are Monday and Saturday.

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With the average returns of the Bitcoin rate of 0.69 percent and 0.5 percent Trader can be rich here, according to Santiment the best gains once:

If your BTC every Saturday since the beginning of 2017 until today and bought on the same night would have sold, would your Bitcoin Portfolio now sit comfortably in the green.

The days of Wednesday, Thursday and Sunday are negative daily returns is less good, in order to invest his money in Bitcoin. Wednesday was to be the worst day to put money in the crypto currency:

armed With this information, we can now try to test a current BTC strategy. Let's see how our BTC would have developed the Portfolio, if we had bought from 2018 Bitcoin only on Mondays and Saturdays, and at the end of the day sold.

Accordingly, Santiment compared to the Monday-Saturday-strategy pure Bitcoin Hodln. The results speak a clear language – to buy Monday and Saturday, the BTC and to sell the method to keep Bitcoin fails, clearly. The Santiment strategy recorded a 68-percent Plus, to keep BTC a 38-percent decrease in this period.

While the price of Bitcoin was for 2018 rather bearish, you can set up with the Monday-Saturday-strategy confidently is the bull horns.

According to the results of the Week-day method does not apply fully, it seems to prove, especially in a bear market. In a comparison with the tremendous Bitcoin rate rises in 2017, the method of BTC has underperformed. If we extend the time frame until the beginning of 2017, would have retracted the strategy only 496 per cent rate of return – i.e., 71 percent of the increase in Bitcoin price.

Better than HODL? Depends on

In this method, it is seemingly a safe method, even in the bear market in yields to retract. In addition, the Santiment method promises a clear advantage – clear Investment rules beyond the strong emotions with which to fight Bitcoin, traders often have:

While HODLing the market Bitcoin took participants on a Non-Stop roller-coaster ride – their risk exposure so erratic rise has eliminated our daily strategy much of the inherent volatility of BTC successfully and a slow, but steady, almost continuous, followed upward trend over the considered time framework.

The notorious volatility in the Bitcoin rate can be kept with this so successfully in check. A hook, the method has nevertheless calculated the pure profits, transactions costs are not included. The study in Detail can be found here. All the important information for Bitcoin Trading you can read up on the BTC ACADEMY.

Disclaimer: This is not Investment advice. The crypto market is highly volatile, investment can lead in the worst case to a total loss. The data were compiled to the best of our Knowledge, its accuracy, no liability can be accepted. As always, Do Your Own Research! (DYOR).

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