Bitcoin Diamond (BCD)

Current price: $ 0.49

24 hours price change: $ -0.005586 (-1.13%)

Daily analysis of Bitcoin Diamond (BCD) - 6 months

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 6 months, starting on May 17th, 2019 to November 16th, 2019.

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 05/17/2019 and 11/16/2019.

According to the performance of Bitcoin Diamond between May 17th, 2019 and November 16th, 2019, Bitcoin Diamond performed the best on Thursdays. On average, the price of Bitcoin Diamond increased 7.19% on Thursday.

The weekday on which the Bitcoin Diamond performed the worst, is Friday. On Fridays, the Bitcoin Diamond declined in value on average by -5.37%.

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 0.27%. 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 (7.66%). 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 -7.39% and 7.93%.

The increase in value of the Bitcoin Diamond is 5.35% on an average Monday. However, the uncertainty on the average change is high for the Bitcoin Diamond on Mondays. This is the reason why an expected increase of the Bitcoin Diamond on an average Monday cannot be predicted. The standard deviation for Bitcoin Diamond on Mondays is high, namely 18.51%. This means that the expected range of value change for the Bitcoin Diamond is -13.15% and 23.86% on 68% of the Mondays.

Allthough the Bitcoin Diamond decreases in value with -0.32% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Diamond on Tuesdays is 9.71%. This means that the expected change of the value of Bitcoin Diamond is between -10.03% and 9.39% on 68 out of 100 Tuesdays.

The Bitcoin Diamond declines in value on an average Wednesday with -1.52%. However, the uncertainty (or standard deviation) is quite large, namely 10.26%. This means that it is not possible to say whether on a regular Wednesday the Bitcoin Diamond will increase or decrease in value.

The increase in value of the Bitcoin Diamond is 7.19% 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 24.04%. This means that the expected range of value change for the Bitcoin Diamond is -16.85% and 31.23% on 68% of the Thursdays.

The decrease in value of the Bitcoin Diamond is -5.37% on an average Friday. The uncertainty of the average change is high for the Bitcoin Diamond on Fridays. This means that it is hard to tell whether the Bitcoin Diamond will decrease or increase in value on an average Friday. If we look at the 68% range of the Bitcoin Diamond, we see that on 68% of the Fridays, the expected change of the Bitcoin Diamond is between -18.87% and 8.14%.

Allthough the Bitcoin Diamond decreases in value with -0.49% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Diamond on Saturdays is 7.04%. This means that the expected change of the value of Bitcoin Diamond is between -7.53% and 6.55% on 68 out of 100 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 0.27% 7.66% -7.39% to 7.93%
Monday 5.35% 18.51% -13.15% to 23.86%
Tuesday -0.32% 9.71% -10.03% to 9.39%
Wednesday -1.52% 10.26% -11.79% to 8.74%
Thursday 7.19% 24.04% -16.85% to 31.23%
Friday -5.37% 13.50% -18.87% to 8.14%
Saturday -0.49% 7.04% -7.53% to 6.55%