Post
Topic
Board Speculation
Re: Buy on Friday and Sell on Monday
by
Juggy777
on 17/02/2020, 13:47:46 UTC
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.
This is the reason why so many new investors are having a hard time or deciding to quitbon crypto.
Those guys who always falls into those sweet talks or so called TA's advice are the ones who lose so much.
Do your own research don't let them decide for your money.

I’m really surprised to know that people are so naive and they yet fall for such idiotic claims made by their analysts, and god only knows when will they realise that no one can predict correctly about bitcoin prices. @NeuroticFish very well said and I hope no one from here decided to purchase on a Friday and then decided to sell today, also I hope you guys will follow the basic rule i.e. buy bitcoins on the dips irrespective of the day, and sell it when you’re in profits.