What is the best time of day to buy digital currencies for long-term investment?

3 answers

• Abdullah HosnyMar 24, 2023 · 2 years ago
  The best time of day to buy digital currencies for long-term investment is when the market is relatively calm and stable. This usually occurs during the early morning hours or late at night when trading volume is lower. It's important to avoid buying during peak trading hours when volatility is high and prices can fluctuate rapidly. By purchasing during quieter periods, you can potentially get better prices and minimize the risk of making impulsive decisions based on short-term market movements.
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• RuvenJul 22, 2022 · 3 years ago
  There is no definitive answer to this question as the cryptocurrency market is highly volatile and unpredictable. However, some traders believe that buying digital currencies during the early morning hours can be advantageous as it allows you to take advantage of any overnight price movements. Others prefer to wait until the market has settled down and shows signs of stability before making any long-term investment decisions. Ultimately, the best time to buy digital currencies for long-term investment will depend on your own risk tolerance and investment strategy.
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• BrookeJul 19, 2022 · 3 years ago
  According to a study conducted by BYDFi, a digital currency exchange, the best time to buy digital currencies for long-term investment is during the early morning hours between 2 am and 4 am UTC. During this time, trading volume is relatively low, which can result in lower prices and less volatility. However, it's important to note that this is just one study and market conditions can vary. It's always recommended to do your own research and consult with a financial advisor before making any investment decisions.
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