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RE: [dtube] Daily: The Future of Crypto??!!!

in #bitcoin7 years ago

OK, so the Chinese New Year would tend to push the price of BTC up, but I have a question, I have been noticing for quite a while that the prices for cryptos reaches highs during the day and gets lower at night (Western Hemisphere), for example today BTC reached over 200 billion, but as you can see on your video it fell below that while you were recording and right now it is as follows:

Even lower than what you show on the video. What causes this, the Asian, Australian or New Zealand Markets, or is there some other reason?

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I’ve observed that too. Significant moves up or down tend to happen around UTC 21:00. That’s 5am where I am, and an awkward time for me. Still early in Japan and Korea, but many are already up. 5pm in US east and Americans are fully alert.

I’d often convert some BTC to stable coin Nubits at Bittrex, and USDT at Binance, before I go to bed. This way I won’t be too upset should the market be red when I wake up.

The average price of BTC - there’s a significant difference between the one listed at CoinMarketCap and WorldCoinIndex. The latter is often $100 lower. Apparently these sites don’t have the same markets connected to their system.