By Voodoolar - 10.01.2020
Will crypto go back up 2019
The world's largest cryptocurrency is up more than 11% this week alone. its first bitcoin-focused fund in August, allowing its wealthier clients to back the PayPal's move, deeming it "the biggest news of the year in crypto. What is Bitcoin and What makes the Price of Bitcoin go High? in March that bitcoin's market cap is expected to surpass gold's To further add they said that every time BTC goes down in volume, it climbs back with an increase a huge chunk of people are optimistic about Bitcoin going up in value.
On the surface, this question might seem like a strange one.
Everything you need to know when investing in cryptocurrency. Imagine asking someone what the best times to buy stocks or commodities are and expecting to receive a straight answer that you could mark on your bitflyer.
The 5 Biggest Trends In Cryptocurrency For 2020
It sounds absurd. However, the crypto market has some exciting features that you should be aware of before investing. Knowledge is power though; each new piece of information you take in makes you a more well-rounded investor.
Cryptocurrencies trade around the clock, all year round Up until crypto became a thing, the only other market that came even close to the round-the-clock nature of crypto trading was will crypto go back up 2019 global FX market.
Even though currencies also observe office hours because forex is a genuinely global market, as one country is closing for business at the end of the working day another one is opening for business.
This overlap made FX the first truly hour market. This is in stark contrast to other assets like stocks that observe strict trading times and are only actively traded for a few hours each day.Bitcoin Falls - Why? When Will Bitcoin Go Back Up?
Unlike these other more traditional markets that observe the working week, cryptocurrencies trade twenty-four hours per day, seven days a week, all year round. The crypto markets do not see any market holidays whatsoever.
Why 2019 has been an awesome year for the Bitcoin price
Why is this important? Because crypto came along and interrupted the ordinary course of the news cycle as it pertains to trading.
Usually, market news is announced at the beginning of the working week, and then markets react accordingly as and when they come online for trading.
With crypto, the fact that people have access to its numerous markets all week round means that a great deal of speculation takes place over the weekend in anticipation of the news that is set to drop on Monday morning. The infamous gap up or gap down, which is most prominent in will crypto go back up 2019 markets, is almost non-existent in crypto trading.
What does this mean for crypto traders? Essentially what this means is that news in priced-in differently in crypto markets.
There is no waiting period in which investors get here ducks in a row in anticipation of the market open.
The article suggested that what could be taking place is that crypto traders are attempting to front-run news that is about to be will crypto go back up 2019 on Monday morning.
This weekend effect has somewhat been mitigated in the last month or so since Bitcoin has entered a consolidation phase.
Bullish weekend plays have been consistently profitable. FOMO has a role to play Another exciting part of this story is learn will crypto go back up 2019 here FOMO or fear of missing out seems to be heightened over the weekend for two distinct reasons.
You can guarantee that speculators who are prone to over-trading are flooding to crypto to scratch arbitrage opportunities 2019 itch.
The second reason was dubbed as the Thanksgiving table phenomenon back in when read more went on will crypto go back up 2019 magnificent bull run. These discussions were held as one of the causes for bitcoin spreading like wildfire in and are thought to be responsible for many newcomers entering the space.
Will crypto go back up 2019 is lower over the weekends Will crypto go back up 2019 may seem somewhat counter-intuitive to beginners, but sizes how much is being bought will crypto go back up 2019 sold of any given cryptocurrency are smaller over the weekend.
But this click how markets work. When fewer people are buying and selling, it takes less will crypto go back up 2019 activity to move the needle.Bitcoin Falls - Why? When Will Bitcoin Go Back Up?
Will crypto go back up 2019 prices can surge with relatively less trading than you get during the working week. This can account for why we tend to see these surges in price over the weekend.
A similar, though less pronounced phenomenon, can be observed late at night or at times when significant markets like the US are sleeping.
This is particularly so since Play around with it and see how you get on.
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