BTC BuySHOULD I BUY AND HOLD ONTO BITCOIN?
You can buy and hold onto Bitcoin, especially if you want to make a bigger profit long-term. As more and more people buy and use Bitcoin, you have a chance of gaining more value and purchasing power from the BitCoin you buy today.
Keeping your Bitcoin can also be smart if you buy it when the price is somewhat high. Not only will that keep you from losing money, but you could still make a profit in the long term.
Of course, the value of Bitcoin will continue to change. If you follow the market, you can watch your purchasing power grow rather than diminish due to inflation.
THEORY #1
One reason why Monday and Sunday tend to be the best days to buy Bitcoin is the weekend. Since many business people trade Bitcoin, the market isn’t as active over the weekend.
Getting in before the market starts back up means you have a better chance of landing a good price. If you wait until the middle of the week, odds are the market will be more active and prices will be higher.
THEORY #2
The weekend also acts as a time for people to consider and decide on buying in. As people start to buy Bitcoin on Monday, the price and demand increase.
Once the week finishes, the demand drops off. The cycle then continues each week.
If you want to buy Bitcoin, try to beat the rush so that you don’t have to pay more for the same amount of Bitcoin.
THEORY #3
If you want to avoid high prices, avoid common paydays. After all, when you have more money in your account, you might be tempted to spend it.
Since many people get their paychecks in the middle and at the end of the month, Bitcoin prices can rise quickly. If you can, wait a week after payday before you invest so that you can get a better deal.
