Bitcoin Diamond (BCD)

Current price: $ 0.83

24 hours price change: $ -0.05 (-5.18%)

Daily analysis of Bitcoin Diamond (BCD) - 1 year

The performance of Bitcoin Diamond regarding the price differs every day. To make the best decision to buy Bitcoin Diamond, we are analysis in this article the performance of Bitcoin Diamond on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 year, starting on August 5th, 2019 to August 5th, 2020.

In the barchart below, the weekdays and average performance of Bitcoin Diamond are shown side by side.

Average daily change in price of Bitcoin Diamond per weekday between 08/05/2019 and 08/05/2020.

According to the performance of Bitcoin Diamond between August 5th, 2019 and August 5th, 2020, Bitcoin Diamond performed the best on Wednesdays. On average, the price of Bitcoin Diamond increased 5.27% on Wednesday.

The weekday on which the Bitcoin Diamond performed the worst, is Friday. On Fridays, the Bitcoin Diamond declined in value on average by -2.23%.

Bitcoin Diamond weekday performance

Bitcoin Diamond increased in value on an average Sunday only slightly. The average increase in value of the Bitcoin Diamond was 0.25%. Allthough the Bitcoin Diamond closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (5.63%). This means that on 68 percent of the Sundays, the change in price of the Bitcoin Diamond is expected to be in the range of -5.38% and 5.88%.

On an average Monday the Bitcoin Diamond shows an increase in value of 2.97%. However, the change of Bitcoin Diamond on most of the Mondays is between -9.48% and 15.43%. Therefore it is hard to tell whether an average Monday is a good day to start buying Bitcoin Diamonds.

On Tuesdays, the Bitcoin Diamond decreases in value on average with -0.63%. On most of the Tuesdays the Bitcoin Diamond decreases in value between -6.44% and 5.18%. The uncertainty (5.81%) is higher than the average decline percentage (-0.63%). Therefore, expected range of price changes of the Bitcoin Diamond on Tuesdays is large.

The increase in value of the Bitcoin Diamond is 5.27% on an average Wednesday. However, the uncertainty on the average change is high for the Bitcoin Diamond on Wednesdays. This is the reason why an expected increase of the Bitcoin Diamond on an average Wednesday cannot be predicted. The standard deviation for Bitcoin Diamond on Wednesdays is high, namely 30.56%. This means that the expected range of value change for the Bitcoin Diamond is -25.29% and 35.84% on 68% of the Wednesdays.

The increase in value of the Bitcoin Diamond is 3.06% on an average Thursday. However, the uncertainty on the average change is high for the Bitcoin Diamond on Thursdays. This is the reason why an expected increase of the Bitcoin Diamond on an average Thursday cannot be predicted. The standard deviation for Bitcoin Diamond on Thursdays is high, namely 17.26%. This means that the expected range of value change for the Bitcoin Diamond is -14.20% and 20.32% on 68% of the Thursdays.

The Bitcoin Diamond declines in value on an average Friday with -2.23%. However, the uncertainty (or standard deviation) is quite large, namely 10.20%. This means that it is not possible to say whether on a regular Friday the Bitcoin Diamond will increase or decrease in value.

The increase in value of the Bitcoin Diamond is 4.27% on an average Saturday. However, the uncertainty on the average change is high for the Bitcoin Diamond on Saturdays. This is the reason why an expected increase of the Bitcoin Diamond on an average Saturday cannot be predicted. The standard deviation for Bitcoin Diamond on Saturdays is high, namely 29.93%. This means that the expected range of value change for the Bitcoin Diamond is -25.66% and 34.21% on 68% of the Saturdays.

Bitcoin Diamond weekday performance details

Find below the details of the performance of Bitcoin Diamond per day of the week. Both the average change in percentage and the standard deviation. The higher the standard deviation is, the higher the variation within the range of average change. Therefore, the 68% range has been added, which represents the change in price on 68% of the days.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday 0.25% 5.63% -5.38% to 5.88%
Monday 2.97% 12.46% -9.48% to 15.43%
Tuesday -0.63% 5.81% -6.44% to 5.18%
Wednesday 5.27% 30.56% -25.29% to 35.84%
Thursday 3.06% 17.26% -14.20% to 20.32%
Friday -2.23% 10.20% -12.44% to 7.97%
Saturday 4.27% 29.93% -25.66% to 34.21%
 

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