Breaking down Bitcoin pricing March 10th- March 16th 2014
Hello everyone I am bitcoin1m and i am glad to be here! My main focus on my blogging platform will be to take a deeper look into Bitcoin (cost averaging, daytrading, buy and hold... etc) I am looking forward to growing here on hive and i am looking forward to picking each of your brains about different strategies on crypto. I like crypto, sports, food and long walks on the beach! lol. Ive been kicking myself for years not getting into bitcoin and holding. I remember purchasing bitcoin at a couple hundred dollars and sending it to a sportsbook. I wouldnt mind having that back at the moment. Whats done is done and im getting in while the price is nice and high and buying into the hype lol. I want to get at least 1 bitcoin before it gets to crazy! I figure i can make up for it on those 80 percent swings downward tho..... Ive decided to buy 100 dollars of bitcoin every two weeks and cost average at 7.14 a day. I will be putting money into this platform and tokens also.. I havnt decided how much on that at the moment yet tho, maybe i can make a whole bunch by blogging ?? we will see! First i wanted to dive into something i always wondered about. What time of the day is it better to buy Bitcoin or does it even matter? Is it better to buy on a friday or maybe a monday? I dont know the answer yet maybe you guys do? So ive decided to look into it and break it down. Ive pulled up the pricing from coinmarket cap starting 10 years ago from the dates and time and here is what i have gathered below by buying at these times below 12am, 6am, 12pm and 6pm and the amount of bitcoin you would get if you invested $100 a week broke up into 7 purchases each day.
12am
March 10th 2014 637.88
March 11th 2014 627.33
March 12th 2014 635.71
March 13th 2014 635.00
March 14th 2014 638.04
March 15th 2014 631.04
March 16th 2014 635.13
Average price 634.304 0.15765311 BTC
6 am
March 10th 2014 632.00
March 11th 2014 631.23
March 12th 2014 632.05
March 13th 2014 640.35
March 14th 2014 632.78
March 15th 2014 631.54
March 16th 2014 632.52
avg price 633.21 0.15792549 BTC
12 pm
March 10th 2014 624.28
March 11th 2014 622.10
March 12th 2014 639.11
March 13th 2014 637.10
March 14th 2014 633.04
March 15th 2014 635.91
March 16th 2014 630.11
avg price 631.664 0.15831201 BTC
6 pm
March 10th 2014 617.13
March 11th 2014 634.54
March 12th 2014 634.08
March 13th 2014 640.41
March 14th 2014 629.54
March 15th 2014 637.42
March 16th 2014 629.84
avg price 631.851 0.15826516 btc
week 1 i dont think made a whole bit of difference but the winner was buying bitcoin at noon every day. that hundred dollars would be over 11k today!! what are some of your bitcoin strategies? what works best for you?
Here is my bitcoin purchase for today listed below....
Bringing my new total to .00049255 bitcoin
Only .99950745 to go!!!
I hope everyone has a wonderful day