Best Time Of Day To Purchase Cryptocurrency

When Is the Best Time to Buy Crypto: Exploring Dollar-Cost Averaging

Introduction to Dollar-Cost Averaging

Dollar-cost averaging (DCA) is a popular investment strategy that involves investing a fixed amount of money into an asset over regular intervals, regardless of the asset's price. This strategy helps reduce the overall risk and volatility of an investment by spreading the purchases over time.

Best Days to Buy Crypto

Weekends (Saturday & Sunday)

According to a heatmap from Anyblock Analytics (October 2022), Saturdays and Sundays are the best days to buy cryptocurrency. The average gains on these days are 0.75% and 0.56%, respectively.

Early Morning on Weekdays

Experts recommend buying cryptocurrency early in the morning before the New York Stock Exchange (NYSE) opens. This is because the values of cryptocurrencies tend to be lower during this time, offering potential opportunities for better entry points.

Conclusion

While there is no guarantee of success, these strategies can provide guidance for investors seeking the best possible entry points. However, it's essential to conduct thorough research, understand the risks involved, and make investment decisions based on individual circumstances and financial goals.