Bitcoin Market Fluctuations – The Best Time to Sell Bitcoins

 Let’s all accept the fact that bitcoins and cryptocurrencies are slowly creeping into the mainstream and people are readily accepting them as a great investment option. However, there are major confusions that people face and this is usually because they are unsure what causes the fluctuations in the bitcoin market as well as when is the best time to buy and sell bitcoins. One thing particularly in question has been how to sell bitcoins in Australia.

Here, we’re answering both of these questions for better information.

Okay, so honestly, nobody precisely knows what causes such variations but the researchers say in their study that due to the Monday/Tuesday UTC time, it may be that because of the timezone difference there are more active traders working online. Very clearly – most of the Asian, European, and American traders are usually active at this time.

Apart from this one point, the researchers did also note that the trading volume is not higher during this time; therefore, things do not correlate. However, there is a correlation with lower prices on Fridays with lower trading volume. Similarly, Mondays could show higher price points because of institutional investors take hold of their positions during the start of the week.

But, let’s be very clear – this is just a speculation and nothing concrete can be said in this regard. Whatever the exact situation may be the researchers have been able to put their point clear enough and delivered some really fascinating points.

When to Sell Bitcoins?

Like I mentioned earlier, this is one of the top questions that people usually look an answer for and here we are answering this one for you.

But, before the answer reaches you one thing you need to look into is whether you’re willing to sell the bitcoins in portions or in one full stack. As a crypto investor you should be worried when to book profit and when to let it go for your own good.

Tip – Whenever you choose to sell Bitcoins, try not to jump with all your energy because you could be missing on a greater value for the next day!

This is no rocket science and you will learn things but make sure you’re not just bungee jumping with any harness to hold you safely.

Things to Consider –

1.      Low Transaction Fees – Whatever you have been using till now to exchange your currency needs to be let go now and all you need to do is fund someone who can charge you a lower transaction fees – because you definitely do not want to lose on your profit portion.

 

2.      Fast Payout Option – The payout time may vary depending on the mode of payment used. Thus, it is quite important to choose a payment mode, which allows quick encashment after selling the crypto currency.

 

3.      Person to Person Exchanges – Without an iota of doubt, I can say the best way to reduce the fees and charges while selling Bitcoin will be to sell it to another user of Bitcoin that you know and trust. You can send the Bitcoin to counter party’s digital wallet and receive payment in cash through a spot transaction.

And, for someone who is looking for options of selling bitcoins in Australia, you can inevitably get in touch with Tyeman BTC – Australia’s best place that helps you with bitcoin trading (buying and selling). Get more details about Tyeman BTC by visiting https://www.tyemanbtc.com/how-to-sell-bitcoin-australia/cash-in-hand.

Happy Trading!