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[Niftyicon]

I have personally wondered when the best time to cash out on bitcoin is and according to atozmarkets, a study was conducted and the results showed that around midnight UTC on Mondays and Tuesdays, the Bitcoin price averaged about 170 dollars higher than Fridays.
So, statistically, the best time to sell or cash out on your bitcoin is around midnight on Mondays and Tuesdays.
Has anyone observed this? Please share your opinions on this.

 

[Josemendez]

From what I have also observed, the best time of the day to carry out bitcoin transaction is in the night as there are few transaction by that time and thus promoting faster transaction

 

[Niftyicon]

From what I have also observed, the best time of the day to carry out bitcoin transaction is in the night as there are few transaction by that time and thus promoting faster transaction

I have also observed that about bitcoin transactions. I guess the network gets less busy with people trying to get some rest.

 

[Josemendez]

I have also observed that about bitcoin transactions. I guess the network gets less busy with people trying to get some rest.

Yeah. The congestion is felt during the day when people wants to carry out one transaction or the other but in the night there are fewer transactions and less transaction fee too

 

[ELSA-ELI]

I have to really figure that out aswel,if the idea is valid then it could be really good for people performing low transactions.So figures crossed to see how it will go.

 

[Josemendez]

I have to really figure that out aswel,if the idea is valid then it could be really good for people performing low transactions.So figures crossed to see how it will go.

It is suitable for all persons carrying out transaction as the fee will be low by such time for everyone not just for low transaction. The high fee comes when there is connection on the network

 

[Niftyicon]

Hmmmm, this a vital information up here. I think I will have to read more on this and research more. About faster transactions, I believe that should be true because of the reduced work load.

Yeah, surely need more information about the right time to cash out on bitcoin. The faster and cheaper transactions at night is quite true.

 

[ELSA-ELI]

It is suitable for all persons carrying out transaction as the fee will be low by such time for everyone not just for low transaction. The high fee comes when there is connection on the network

Definitely its worth it and very favourable for all types of transactions that is wat makes it interesting to try out.No one can barebthe high costs as compared to minute return of investment.

The other thing am keen to learn about this stretegy is as to wether it is applicable aswel to other competitive crypto like Ethereum.Does it also do the same to the transaction of Ethereum?

 

[Josemendez]

The other thing am keen to learn about this stretegy is as to wether it is applicable aswel to other competitive crypto like Ethereum.Does it also do the same to the transaction of Ethereum?

Well, I think it might be feasible with ethereum since the reason for high gas fee is congestion in the network. Although I will research on it to confirm

 

[ELSA-ELI]

Well, I think it might be feasible with ethereum since the reason for high gas fee is congestion in the network. Although I will research on it to confirm

Thanks for the clarity,it will really be adavantagous in so many ways.I will also observe with the mentioned crypto as most of my transactions are done in ETHER or BTC

 

[Brain]

From what I have also observed, the best time of the day to carry out bitcoin transaction is in the night as there are few transaction by that time and thus promoting faster transaction

I have observed this too not just with Bitcoin even with other financial transactions. I believe less network issue and transaction brings this change

 

[microunit]

I don't think if there's really a best time to cash out bitcoin with lower fees, as bitcoin is already global and lots of people are already using it in different parts, with time difference that would make like transaction volumes are kinda all over the place, that said, if majority of the transactions are from 1st tier countries e.g. america then probably when it hits night in america there would be some decent reduction in transaction volume

 

[Josemendez]

I don't think if there's really a best time to cash out bitcoin with lower fees, as bitcoin is already global and lots of people are already using it in different parts, with time difference that would make like transaction volumes are kinda all over the place, that said, if majority of the transactions are from 1st tier countries e.g. america then probably when it hits night in america there would be some decent reduction in transaction volume

Not really, if you have been observant, you will definitely know that whenever there is high transaction on a network, there is a hike in transaction fee but the fee reduces as when the transaction is lesser

 

[microunit]

Not really, if you have been observant, you will definitely know that whenever there is high transaction on a network, there is a hike in transaction fee but the fee reduces as when the transaction is lesser

well that is kinda obvious, and I think you misunderstood my statement wrong, I'm kinda stating that high volumes of transaction is not only situated on one country or place with specific timeline, even if it is already night in the U.S with low transaction volumes there, there are also other countries which can contribute to the transaction volume as in their place due to time difference it is daylight

 

[Wisdom01]

Well it might be a good time to cash out at that period , but I think it might not be every Thursday and Monday there might be some decongestion twist also

 

[Josemendez]

Well it might be a good time to cash out at that period , but I think it might not be every Thursday and Monday there might be some decongestion twist also

If you are cashing out under someone then he is the one that decides wether the fee is right to send your money or not but if you are the one sending , you will know wether to send or not

 

[Niftyicon]

The other thing am keen to learn about this stretegy is as to wether it is applicable aswel to other competitive crypto like Ethereum.Does it also do the same to the transaction of Ethereum?

I am quite sure about Bitcoin but ethereum gas fees always remain high even when I try to carry out transactions at different times of the day.

 

[Wisdom01]

I am quite sure about Bitcoin but ethereum gas fees always remain high even when I try to carry out transactions at different times of the day.

Like i am really even suprise to see the amount of gas fee when I want to first use it , I thought it would be low ,based on the capability of Ethereum and btc

 

[microunit]

I am quite sure about Bitcoin but ethereum gas fees always remain high even when I try to carry out transactions at different times of the day.

I think ethereum gas fees are high because the erc tokens transactions are also being carried out in the ethereum network, so there might already probably be more transactions in the eth network than in the bitcoin networkd

 

[Wisdom01]

I never knew that could also cause the issue , well I would still make research on the erc token affect the gas fee of ehereum transaction