3 Things Every Trader Should Know About Crypto Market Trading Hours
Cryptocurrencies are still the hottest industry out there. It’s been a rollercoaster ride in the cryptocurrency market since the first coin was launched. We have seen the prices go from a high of $20,000 per coin to as low as $2,000. As a result, many of the early crypto enthusiasts have managed to get more information and more education about the field, so that they can create and maintain better investing strategies.
Some of the most popular crypto investing strategies are based on the idea of being a contrarian. Many of the popular strategies follow a simple idea: When Bitcoin is up, buy Bitcoin. When Bitcoin is down, sell Bitcoin.
In a sense, the strategy is simple, but that simplicity can be deceptive. You may be able to make money when the market is going down, but you may also lose money when the market is going up. The reason is simple: You may be betting on the market moving up, but that does not mean the market is going up.
There are, however, ways to reduce the risk of crypto potential ups and downs.
For example, you can always invest in a diversified portfolio of different coins and tokens. This way, you reduce the risk of your capital loss and you may also earn from the increasing of the value of your portfolio.
Diversification is a very effective strategy to reduce the risk.
So, do you know how to diversify your crypto portfolio?
Simply by investing more time into doing research and following the current trends, as well as creating a thorough analysis on which cryptocurrencies have the biggest potential of becoming a valuable asset in the future – can help you determine what to focus on and which assets to acquire.
Being up to date with the changes on the market and not being afraid to embrace new technologies such as NFTs, Solchicks or Metaverse is also a very important aspect of being successful in the crypto world
But one of the first things people start thinking about when they enter the world of crypto is what crypto exchanges are, how they work, and how much they cost.
The most obvious exchanges are the exchanges that are centralized, meaning they’re run by a single company or group.
For the newbies in the field it is oftentimes overwhelming to figure out all the aspects of buying and selling crypto all by themselves, which is why crypto exchanges or in other words – trading platforms are useful. What’s the reason behind this? These exchanges are useful because they not only allow you to open a digital wallet, keeping your private keys safe and sound, but they also offer a wide variety of tools such as market analysis, giving you tips and advice on when and how to invest your money.
However, automating some of the processes when it comes to investing in cryptocurrency is not something you should entirely rely on. You should also be able to follow your own logic, make your own predictions and rely on the strategies that work specifically for you.
That being said, one of the biggest questions when it comes to trading cryptocurrency is which time frame is the best for bitcoin and other types of crypto trading.
A big part of this is the information about when crypto markets open, and what are the working times for crypto markets around the world.
First of all, you might wonder if cryptocurrency markets are open 24/7 or are there any restrictions and specific working hours. The answer is simple: they are open constantly. Why? Because this market drastically differs from stocks or bonds or other investment assets and fields. And it’s not entirely regulated so it seems like it’s gonna stay like this for a while.
That said, no matter what cryptocurrency you choose, whether it’s bitcoin, litecoin or solana, the working hours are 24/7. Does this mean that you can invest anytime and that you will achieve the same results and be successful the same way no matter the timing of your investing? Most certainly not.
Generally speaking, if there isn’t something that’s happening on a global level (that creates tectonic changes on a daily basis) the best time to invest would be the during the normal working hours so from 8am to 4pm or from 9-5, depending on the timezone and the countries of your choice. This is because you’d want to close trades when they’re most likely to be closed, and this is when the marketplace is the most active.
Even though this market never closes, you still want your transactions to get executed with ease and the best time to do it would be during the above-mentioned time frame, with sometimes a bit of after-hours trading, according to bitcoinscodepro.com/de.
Another reason why traders love to invest during these peak hours is the fact that once there’s more activity on the market, it’s much easier to analyze, do your research and execute your transactions the best way possible. When there is less activity and fewer investors and traders on the market, it might be more difficult to actually make a strategy and come up with accurate predictions or moves.
Sometimes the market seems more volatile than it is and that’s why you should find the average numbers when the market is most lively. At the same time, if you’re not afraid of the risk, then you should intentionally pick the hours when there’s less activity because you might get higher returns while no one is there. This can, at the same time, mean losing more money since the volatility is higher, but if you’re aiming for higher returns, then this is definitely something you should do.
Finally, whichever hours for investing you choose, try to avoid the weekends because it has been proven that on the weekends cryptocurrencies and crypto market are unreliable, extremely volatile and it’s generally speaking – much difficult to invest because banks don’t work and and there is much less trading volume.