Why it seems that bitcoin is most active at night in the US eastern time?
I wake up at 4:30am to an alarm from my phone telling me btc dropped from 1120 to 1050 in a matter of minutes. Then i stay awake for about an hour buying and selling during the "volatility" and place a buy order when i see that the price seems stable at 1100 and go back to sleep. Then i freaking wake up again 3 hours later after hearing my phone vibrate like crazy to find the price dump to 920!! What do i do now? Hold? Or Sell?
For those in east coast, how do you deal with this volatility during the early hours of the morning???
That is damn normal mate. There is no continous price rise to $1000 that happened since it's ATH so why sacrifice a bit of time. When there is a highly price rise expect a downfall for about $50 above or even $200 since profit takers are on the way.
To deal with this is not the issue, it's just that you assumed that around $1,100 seems stable which is really not. Since it stepped up at $1,000 no such thing as stable here even for less percentage.