As Bitcoin (BTC) surges and crosses the $9,000 barrier, we find ourselves at an intriguing crossroads of cryptocurrency and trading behavior. The recent launch of CME Bitcoin options and Visa’s acquisition of Plaid are stirring things up. But what if I told you there’s a secret to timing your investments? Spoiler: it’s all about the day of the week.

The Weekend Effect: A Tale of Two Markets

In traditional stock markets, Mondays often have a reputation for being the Grinch of trading days, with returns typically trailing into negative territory. This phenomenon, known as the Weekend Effect, is thought to occur because investors have had the weekend to stew over their decisions while the markets were closed. However, Bitcoin operates on a 24/7 schedule — does this mean we should take Mondays with a grain of salt when it comes to investing?

A Deep Dive into Bitcoin Returns

Interestingly enough, if you zoom into the data from 2019 into early 2020, Fridays emerge as the heavyweight champion of returns with a sweet 1.1% average return. Who would have thought our favorite day to count down to the weekend would also bring in the bucks? Meanwhile, poor Tuesday and Thursday are nursing returns of -0.24% and -0.97%, respectively. It’s like those days just didn’t get the memo about positivity and profit!

Long-Term Trends: What to Expect

Now, stretching our analysis back to April 2013 reveals that Mondays are surprisingly not the gloomy day we once thought. Instead, they strut in with an average return of 0.54%, making them the belle of the Bitcoin ball! But hold up — Thursday also shows up to the party with a slightly crumby average return of -0.09%. I mean, who wants to dance with that?

Monday’s Magical Anomaly

• Statistical analysis proves that Mondays yield positively for Bitcoin, an anomaly compared to traditional markets.
• Thursdays and Wednesdays remain the least profitable days — it seems they may need to rethink their life choices!

Investment Strategies: Picking the Right Day

If you were an investor choosing only one day of the week to buy Bitcoin, Monday and Saturday appear to be your best bets according to the long-term data. Think of it as choosing between two flavors of ice cream: while Mondays offer a refreshing start to your week, Saturdays let you indulge right before your chill Sunday.

The Impact of Market Bubbles

Let’s not forget the wild rollercoaster that was 2017. That year saw Bitcoin soaring like it was shot out of a cannon. Even amidst the chaos, Mondays were still the star of the show with an incredible average return of 1.5%. Talk about a Monday Motivation!

Conclusion: Long-Term vs. Short-Term Strategies

In summary, whether you’re a long-term hodler or a short-term investor trying to snag those quick gains, there’s value in understanding Bitcoin’s unique traits compared to traditional markets. On longer timelines, Mondays are your best friend, while Fridays can be your golden ticket in a pinch.

And if you’re ever skeptical about making profits, keep in mind that a September 2019 study suggests Bitcoin holders have a 94% success rate in making profits over their existence. Sounds like a pretty good deal to me!