Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy on Friday and Sell on Monday
by
NeuroticFish
on 17/02/2020, 06:58:11 UTC
⭐ Merited by stompix (1)
The researcher found that the average lowest price of bitcoin was at  6 am UTC time on Fridays and the best time to invest or buy bitcoin.

If you would have done this in the week-end just passed, you would have bought at around 10240$ and sold at 9790$. Not a good business.
The morale of the story is: don't just go by various self-called specialists, some don't know sh*t and Bitcoin market is more volatile than the "rules" they want so badly to find out.


Still the market price of bitcoin was volatile the study is justs getting the average so you cannot rely on this analysis all the time.

This is the only correct part of the analysis imho.