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Can You Buy Bitcoin On The Weekend

Buy This Weekend. Might Be The Lowest Price You Will See For A While. : Bitcoin

Buy This Weekend. Might Be The Lowest Price You Will See For A While. : Bitcoin

Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news. Submissions that are mostly about some other cryptocurrency belong elsewhere. For example, /r/CryptoCurrency is a good place to discuss all cryptocurrencies. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. Trades should usually not be advertised here. For example, submissions like "Buying 100 BTC" or "Selling my computer for bitcoins" do not belong here. /r/Bitcoin is primarily for news and discussion. Please avoid repetition /r/bitcoin is a subreddit devoted to new information and discussion about Bitcoin and its ecosystem. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system . Do not post your Bitcoin address unless someone explicitly asks you to. Be aware that Twitter, etc. is full of impersonation. Continue reading >>

Why Does Bitcoin Price Go Down On The Weekends?

Why Does Bitcoin Price Go Down On The Weekends?

Why does bitcoin price go down on the weekends? Several people have noted that Bitcoin price tends to go down on the weekend and up during the week. That seems to fit with my own very small observational data set. Assuming that this is correct, I have a theory as to why: 1) New coin production occurs continuously on a more-or-less constant rate of 150 bitcoins per hour until the next halvening when it will be reduced to 75 bitcoins per hour. I suspect this is the primary source of bitcoins for new investor demand, except during rapid price surges. 2) Most mined bitcoins are sold for fiat at / near the time of their eligibility, in order to cover mining costs (electricity, salaries, ASICs etc.) 3) Most Bitcoin investment buyers (HODLers) purchase during the week and spend time with family, chores etc. on the weekend. The absence of buying demand from those HODLers on weekends can lead to a price drop as mined coins are continuously dropped onto the market. 4) Savvy traders are probably already aware of these patterns and use them to hoard / dishoard, helping to balance out supply and demand and dampening this pattern. 1) Price tends to increase on weekday mornings of the biggest Bitcoin buyers markets as many people make a decision to buy Bitcoin as an investment in the morning and execute their buys then. I have noticed a big spike in price that happens regularly in the evening here (morning for Chinese buyers). In an ideal world these kinds of patterns would be arbitraged away. However the bitcoin to fiat marketplace is very imperfect as many are (quite justifiably!) unwilling to keep much bitcoin / fiat on the exchanges, and successfully trading on the exchanges does not mean that you will walk away with those winnings in the medium / long-term as BTC or even fiat ba Continue reading >>

How To Buy Bitcoin - Coinbase

How To Buy Bitcoin - Coinbase

Coinbase makes it easy to convert your local currency into and out of bitcoin. On this page, you'll learn how to buy bitcoin and store it securely in a wallet. This first step is to sign up for a Coinbase account. This will give you a secure place to store your bitcoin, and easy payment methods to convert your local currency into or out of bitcoin. After you sign up, connect your bank account. You'll need to complete some verification steps before you can use the account. Once the verification steps are complete, you can start a purchase. After starting your first purchase, we'll complete your buy and deliver your bitcoin. (Sells work the same way but in reverse). The price of bitcoin changes over time, so we'll show you the current exchange rate before you buy. Continue reading >>

Bitcoin And Ethereum Price Forecast Prices Higher Over The Weekend

Bitcoin And Ethereum Price Forecast Prices Higher Over The Weekend

Cryptocurrency coins Litecoin, Bitcoin. Virtual currency, money and payment systems The BTC prices have been moving higher over the weekend though there has been some profit taking being seen in the markets over the last few hours. We had mentioned in our forecasts last week that the crypto markets are in a period of consolidation following the large losses that were suffered by the traders due to the conflicting reports from South Korea. Many of these reports about a total ban turned out to be false and all that the regulators have done so far is to impose a corporate tax on the exchanges which is an indication that there is no action in the short term that would ban the exchanges or trading as such. This should have led to a large relief rally but so far, we have not seen that but what we are seeing is a period of consolidation followed by a slow period of rise. This is typical of a mature market and we are increasingly seeing signs of a growing market inhabited by large investors, over the last few weeks, which bodes well for the future of the industry. Over the last few days, we have also seen reports of a $400 million hack in the Coincheck exchange on their NEM wallets. The exchange has said that they would be compensating most of those losses which is a good sign of corporate governance. This has also probably led to some strength in the markets over the weekend. More than the BTC prices, we have seen the ETH prices move higher over the weekend as it trades near the $1200 region as of this writing. We have always maintained that the ETH network is much more stronger fundamentally and have always said that the traders should be looking into piling on to the ETH market whenever there is a correction. We believe that the prices would soon be moving towards the all t Continue reading >>

What I Learned From Owning Bitcoin

What I Learned From Owning Bitcoin

I bought $200 worth of bitcoin last Friday for a story I was writing on " how to give the gift of bitcoin " during the holiday season. I held on to my stash for a weekend to see what owning bitcoin was like. Here's what I learned. You should probably know this if you're buying bitcoin, but if you don't: the value of your bitcoin is apt to skyrocket and then tank at any moment. Minutes after buying $200 worth, my bitcoin value was down to $191. It continued to fall over the weekend before spiking on Monday back to its original value. When I first purchased bitcoin through the app Coinbase, my bank thought it was fraud and froze my account. I had to call my bank and confirm the purchases before trying to buy it again. Also, I've heard reports from friends in the newsroom that there are times when the Coinbase systems are overloaded, which might prevent folks from buying at a lower price. Coinbase addressed this potential issue in a message to its users . It feels more likea roulette table than a regular investment If you pick up a newspaper or watch CNBC, you can often figure out why a company's stock or a global currency is up or down. Maybe there's a new CEO, war, government problems, a scandal, a positive or negative earnings report or a new competitor. You can start to figure out why a stock might react the way it does. Bitcoin isn't like that. It's kind of like standing at a roulette table, and seems to spike or sink purely based on the momentum of other people buying and selling. I'm sure other people understand it better than me, but I have a feeling a lot of folks are just as clueless and are simply buying it to "get rich quick." And why wouldn't you? Someone who purchased bitcoin when it crossed $3,000 in June has already increased their investment more than fiv Continue reading >>

How To Buy Bitcoin: A Step-by-step Guide - Business Insider

How To Buy Bitcoin: A Step-by-step Guide - Business Insider

Bitcoin hit a record high of $16,623 per coin on Thursday, December 7. Two years ago, the idea of buying the virtual currency even at that price was laughable. After a rapid rise in value in 2013, the cryptocurrency's value more than halved by mid-2015. At its lowest point, one bitcoin was equal to about $230. Given the currency's covert nature, the average person still may not understand how buying and selling actually works. Using the app Coinbase , which lets anyone trade bitcoins for a small fee, we decided to find out. A brief warning: If you're going to do this, tell your bank you're about to buy bitcoin. More on that later. And to read more about blockchain, the technology powering bitcoin, click here . This is what the Coinbase app looks like on an iPhone. When you first open the app, you're presented with the latest price of bitcoin and its change within a certain period. You can see in the chart below how wild the latest moves have been. (We bought the bitcoin in January 2017.) I happen to be one of the many who have never traded bitcoin before. There's a certain level of wariness in buying into the cryptocurrency world. However, Coinbase's interface makes it simple to enter the basic personal information it needs to create your account. User-friendliness quickly hit a snag. When I put in my address, the app didn't recognize I had already selected it from the autofill menu. I couldn't proceed unless I switched to the desktop app. So switch I did. From the desktop portal I could easily enter more identifying info. The final step before entering my financial information was two-step verification for security, which Coinbase quickly sent to my phone. I decided to give the app another try and opted to use my debit card to buy the bitcoin. Entering all my informat Continue reading >>

Is The Weekend The Best Time To Buy Bitcoins?

Is The Weekend The Best Time To Buy Bitcoins?

Is the weekend the best time to buy bitcoins? Is the weekend the best time to buy bitcoins? I've lots of people say the price dips a bit at the weekends. Should I wait until Saturday or Sunday to buy my small amount of bitcoins from Intersango or does it not matter really? If you can offer a better deal than Intersango exchange I'll buy 10 worth. Quote from: matthewh3 on April 18, 2012, 04:06:22 PM Is the weekend the best time to buy bitcoins? I've lots of people say the price dips a bit at the weekends. Should I wait until Saturday or Sunday to buy my small amount of bitcoins from Intersango or does it not matter really? Here's a thread with discussion on the topic: - There is a pattern where if Bitcoin is in a downtrend, even a short-term one (where the current week's high is lower than the previous week's high), then over the weekend the exchange rate will often be lower than it was earlier in the week. The concept behind it is that miners and others can sell 24/7 but speculators and investors moving funds from banks cat only add those funds during the week. For the past couple of weeks, that downtrend has not continued. Thus conditions aren't ripe for a "weekend dip" this particular weekend. It could still happen, just that the weekend dip strategy doesn't suggest this weekend as being one where there is a consistent pattern that might be considered for trading. Also there have been times when the biggest rallies happened on a weekend. For a speculator intending on making a big buy, what better time to put a ton of cash to work by catching other buyers unprepared to compete for those bitcoins. Of course, many patterns are eventually recognized and traded against. So just as this pattern used to see swings of at least 5% and often times 20% over the weekends, lately Continue reading >>

Bitcoin Blows Past $16,000, Alarm Bells Ring Louder

Bitcoin Blows Past $16,000, Alarm Bells Ring Louder

December 7, 2017 / 2:18 PM / 4 months ago Bitcoin blows past $16,000, alarm bells ring louder LONDON/NEW YORK (Reuters) - Bitcoin rocketed to a lifetime high well above $16,000 on Thursday after climbing some 67 percent over one week, intensifying the debate about whether the cryptocurrency is in a bubble about to burst. FILE PHOTO - A Bitcoin logo is displayed at the Bitcoin Center New York City in New York's financial district in NY, U.S. on July 28, 2015. REUTERS/Brendan McDermid/File Photo The largest U.S. cryptocurrency exchange struggled to keep up with record traffic as the price surged, with an upcoming launch of the first bitcoin futures contract further fueling investor interest. Proponents say bitcoin is a good medium of exchange and a way to store value, much like a precious metal. They also argue it is preferable to traditional currencies because it is not subject to central bank manipulation. The supply of bitcoin will eventually be capped at 21 million, and some 16.7 million have already been released. But critics say that the price run-up is a bubble that has been driven mostly by speculation, leaving bitcoin vulnerable to a sharp reversal. JPMorgan Chase & Co ( JPM.N ) Chief Executive Jamie Dimon famously called bitcoin a fraud in September. Bitcoin remains a major gamble as it is very much an asset that remains in uncharted waters, weve simply not experienced this before, said Nigel Green, founder and chief executive of deVere Group. Also, an asset that goes almost vertically up should typically raise alarm bells for investors, he added. The worlds biggest cryptocurrency has surged seventeen-fold in value so far this year. Factbox: Things you might not know about ballistic bitcoin The latest move brought its so-called market cap, its price multiplied Continue reading >>

Best Day Of The Week To Buy Bitcoin. Data Analysis

Best Day Of The Week To Buy Bitcoin. Data Analysis

Have you ever wondered which day of the week is best to buy bitcoin, well look no further, In this post I try to analyse the daily opening price of bitcoin from 28th of April 2013 through to 29th of July 2017. My approach is simple , I got the data from coinmarket cap, extracted the exact day of the week from each line and then calculated the average price of bitcoin for each day of the week. Here is what I found As you can see from the table , average bitcoin prices are lowest on Sundays but Monday is very close too. When I did the analysis and saw how close the averages for Sunday and Monday were, I decided to do the same analysis with a smaller fraction of the data, so I analysed bitcoin prices on each day for the past 53 weeks starting from 29th of July 2017. Here is what I found The analysis generally follows the same trend, but this time average bitcoin prices is lowest on Monday. It is worthy to note that average bitcoin prices in both analysis are highest on Fridays closely followed by Saturday, wonder if any one finds that one strange. Well there is the analysis, eager to see how you react to this one. It is important I state here that there a lot of factors that affect the price of bitcoin, it is very volatile, thus you probably need to look and research further than the data available in this post if you ever decide to buy some bitcoin, that being said,I got the idea for this post when I needed to get an sbd refill, I had time on my side and did not want the stress of doing series of technical research and speculation before buying the bitcoin I needed, so I just thought I would dig into the data and find out the day of the week where I would have the greatest chance of buying bitcoin at its lowest for that week. Thanks for reading my post.Let me know your v Continue reading >>

Exchanges - Bitcoin Market Hours (open/close Prices) - Bitcoin Stack Exchange

Exchanges - Bitcoin Market Hours (open/close Prices) - Bitcoin Stack Exchange

If Bitcoin trading never stops then what does it mean when news sites and others talk about bitcoin opening or closing at a certain price, and why is this terminology used? Could two people mean different things when they talk about the closing price at the same date? (apart from price differences between exchanges) In 24 hour markets High and Low usually mean "highest/lowest price in last 24 hours". Open generally refers to the price at 12:01 AM UTC of any given day and close generally refers to the price at 11:59 PM UTC of any given day. Traditional markets are not open for trade all day, so the opening and closing price refer to the first and last price of the day. They are used as measurements for the trading activity of a day. Since Bitcoin exchanges are open 24/7, I would expect the opening price to refer to the price at midnight and the closing to refer to the priceat 23:59:59 in the exchange's respective timezone. Since closing of the previous day is essentially the same as opening of this day, some pages such as e.g. CoinDesk only show the closing values for the historical data. Closing price should always be the last price of the day, so it should be unambiguous. What about timezones? Dr.Haribo Oct 28 '15 at 7:17 Well, it's the opening and closing of the market, so it should be in respect to the market's timezone. I.e. if you were in London, for you a market in Shanghai would open at 4pm (UTC+8), a market in Berlin at 11pm (UTC+1), and a market in NYC at 4am (currently UTC+4, due to their summertime being longer than Europe's). Murch Oct 28 '15 at 8:33 So pretty clear if talking about a specific exchange, and pretty confusing if saying "bitcoin closed at X" (of course that is also confusing because the price differs between exchanges) Dr.Haribo Oct 28 '15 at Continue reading >>

Bitcoin Is Surging And You May Want To Trade These 4 Hot Stocks

Bitcoin Is Surging And You May Want To Trade These 4 Hot Stocks

Bitcoin Is Surging and You May Want to Trade These 4 Hot Stocks Bitcoin is on the verge of taking out the $10,000 barrier. If you told someone that in the first quarter of this year, all you'd hear is ridicule. Chants of "It's a bubble!" and calls warning one not to put their money into this volatile and dangerous, dare we say, asset class. But cryptocurrencies have officially gone mainstream . More and more people are asking what Bitcoin is and how they can buy it. It may have even been a conversation over the Thanksgiving weekend with friends and family. According to some recent data, almost 100,000 new Coinbase accounts were opened over the weekend. Further, the CME Group ( CME ) willbegin offeringbitcoin futures in the second week of December .Will this count towards a buy-the-rumor, sell-the-news setup or will itprovide institutional players a gateway into the cryptocurrency space and drive bitcoin prices even higher? It's too tough to say, particularly for something like bitcoin. I just can't imagine buying a few digital coins for $10,000 a pop. Particularly when that "coin" is up more than 750% so far in 2017. Bitcoin, now trading a hair under $9,700, was actually cheaper than an ounce of gold at the start of the year. In fact, it was $200 below the spot price of the yellow metal in early 2017. While bitcoin has smashed the returns of gold over the last year, many will still have trouble opting for the digital alternative. Without buying bitcoin, is there any other way to play, though? No doubt Square ( SQ ) getting into the bitcoin game likely helped its stock. While tumbling some 6% Monday, Square stock is doing its best to keep pace with bitcoin, as it's up 85% over the past three months. It's now up almost 250% so far on the year. Recently, the company began Continue reading >>

Weekend Rally Shows Volatility Of Bitcoin

Weekend Rally Shows Volatility Of Bitcoin

Weekend rally shows volatility of Bitcoin Whether the cyrptocurrency is a serious investment tool or a fraud has yet to be established No one wants to hear words of caution when financial markets are booming. But when the good times stop and they always stop many people always ask, why didnt someone warn me? This is the case with Bitcoin, the bubbling cryptocurrency, and this is your warning. Bitcoin has seen an unbelievably rapid increase in the value over the past year, jumping from $956 (Dh3,516) in January of this year to a high of more than $17,000 over the last weekend. With returns like that, and due to Bitcoins general availability and the novelty of owning a cryptocurrency, we are now looking at a Digital Age goldrush. The headline news, which really began in earnest in October, has also brought in the general public, which has caused Bitcoin to jump over $10,000 in just the past two months. If you are thinking about buying Bitcoin, you should be very cautious. An inevitable rule of investing is that by the time most people become aware of the rush, the time to buy in has already passed. Some people have already suffered for failing to follow that advice. Even though Bitcoin hit a high over the weekend it touched $17,638 on the popular Coinbase exchange prices on Friday fell almost $3,000 at one point. Since then, the price has been volatile, jumping back and forth between $15,000 and $16,000. No one can really point to what is driving Bitcoin. Some point to wider acceptance, but it seems clear that what is causing people to buy is nothing more than the belief it will continue to rise in value and that a quick dollar (or Bitcoin) can be made. This means people are not investing for long-term gains. Investors who bought in early are now getting booking profits Continue reading >>

Weekend Roundup: Bitcoin, Bitcoin And Moire Bitcoin | Extreme Market Calls | A Happy Inheritance Dilemma

Weekend Roundup: Bitcoin, Bitcoin And Moire Bitcoin | Extreme Market Calls | A Happy Inheritance Dilemma

Weekend roundup: Bitcoin, bitcoin and moire bitcoin | Extreme market calls | A happy inheritance dilemma Here are MarketWatch articles to read this weekend MarketWatch rounded up 10 of its most interesting topics over the past week. Playing bitcoin BTCUSD, +0.73% got a lot easier for investors when Cboe Global Markets launched a January futures contract under the symbol XBT US:XBTF8 on Dec. 10. Here are the risks and opportunities from this new ability to go long or short bitcoin . Analysts share their thoughts about how seven bitcoin rivals may perform in 2018 . 3. Stocks related to cryptocurrencies might be less risky Rather than speculating on bitcoin, it might be safer to invest in stocks of companies that benefit from cryptocurrency trading . And Jeff Reeves says that while he is impressed with the value of blockchain as part of the global economy, he believes the bitcoin rally is at a mature stage and that late investors could get crushed . 4. What will executives do with their companies tax savings? As Congress gets closer to passing a final tax reform bill that may be signed by President Trump as early as next week, companies are already indicating how they will spend the money (and no, its not on raising your pay). Many CEOs will use the money to line their own pockets , as Ciara Linnane and Tomi Kilgore explain. 5. Who else will reap a windfall from tax reform? Tis the season for prognostication. Here are nine rather extreme market predictions for 2018 . Despite recent declines, its been a good year for gold US:GC1 , which has risen 9% through Dec. 14. The World Gold Council has predicted that 2018 will be another good year for the yellow metal , but its their job to do whatever they can to push prices higher. Mark Hulbert believes the recent pessimism for go Continue reading >>

How To Sell Bitcoin - Dec. 12, 2017

How To Sell Bitcoin - Dec. 12, 2017

Related: I bought $250 in bitcoin. Here's what I learned Even when the exchanges are functioning properly, selling can be stressful. Once Coinbase recovered from its outage, I watched as the price shot up above $17,000, approaching a new high. I took that as a sign to sell. But actually submitting the transaction can feel like rolling the dice. Wait 30 seconds (or if the app is simply slow to load) and the price may rise or fall hundreds of dollars. For those who own large sums of bitcoin, there's an added complication: Services like Coinbase impose varying weekly buy and sell limits to protect accounts. But the limits, which can be as low as $2,500, may make it hard to dump all your holdings at once. Or as the company put it in the blog post last week, "Due to the rapidly changing price of digital currencies, some customers may not have sell limits that are sufficient relative to the value of total digital currency they are storing on Coinbase." And then there are the delays. Several days after I bought the original $100 worth of bitcoin, I purchased another $150 worth before deciding to put an end to my brief life as a bitcoin trader. It took a full week for the first transaction to go through. The second transaction is still pending. Put another way: If the price of bitcoin were to plunge 50% this afternoon and I wanted to sell, I would be unable to sell the second batch I'd purchased because technically I still don't have it. As for that original $100, I ended up netting about $50 in profit after various fees for buying and selling. When that money finally hits my bank account on Friday, I intend to take my wife out to a dinner to make up to her for all the bitcoin talk this month. CNNMoney (New York) First published December 12, 2017: 5:20 PM ET Continue reading >>

Bitcoin And Ethereum Price Forecast Prices Higher Over The Weekend

Bitcoin And Ethereum Price Forecast Prices Higher Over The Weekend

Bitcoin and Ethereum Price Forecast Prices Higher Over the Weekend The BTC prices have been moving higher over the weekend though there has been some profit taking being seen in the markets over the last few hours. We had mentioned in our forecasts last week that the crypto markets are in a period of consolidation following the large losses that were suffered by the traders due to the conflicting reports from South Korea. Many of these reports about a total ban turned out to be false and all that the regulators have done so far is to impose a corporate tax on the exchanges which is an indication that there is no action in the short term that would ban the exchanges or trading as such. This should have led to a large relief rally but so far, we have not seen that but what we are seeing is a period of consolidation followed by a slow period of rise. This is typical of a mature market and we are increasingly seeing signs of a growing market inhabited by large investors, over the last few weeks, which bodes well for the future of the industry. Over the last few days, we have also seen reports of a $400 million hack in the Coincheck exchange on their NEM wallets. The exchange has said that they would be compensating most of those losses which is a good sign of corporate governance. This has also probably led to some strength in the markets over the weekend. More than the BTC prices, we have seen the ETH prices move higher over the weekend as it trades near the $1200 region as of this writing. We have always maintained that the ETH network is much more stronger fundamentally and have always said that the traders should be looking into piling on to the ETH market whenever there is a correction. We believe that the prices would soon be moving towards the all time highs in the Continue reading >>

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