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Author Topic: Monday is a good time to buy BTC? Is that proved one more time?  (Read 425 times)
stompix
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February 26, 2020, 12:37:10 PM
 #41

If you are still guided every Monday to buy Bitcoin I'm sure you will go bankrupt in the end.  how not, if yesterday on Monday you bought Bitcoin at a price of $10,000 and hold it until now the price of Bitcoin fell to $9300 of course it will make you panic then you sell it at a loss, so you can be close to bankruptcy.

Of course, it's like Murphy's Laws.
You observe a pattern, you are almost sure it's bulletproof on paper, and when you first try with real money, it ends up being the opposite.

This whole topic is proof of how things can go terribly wrong.
For a brief period analyzed by the OP it did seem like the trend is correct and you can make a fortune, but ironically, immediately after he opened the topic the pattern changed and he would have ended with selling at a loss two times and not making any significant gains once.
This is not trading or anything like that, this is trying to find a way to guess the lucky numbers and the methods get more ridiculous by the day.


I dont see the connection, it might be a coincidence.

There are 52 weeks in a year, it is obvious that at some point by sheer luck a sequence of 2, 3 or maybe even 4 Mondays and Sundays will see the same pattern, it is also possible that if you analyze each day you might find an average with a day being higher than other multiple times in a row.
Just as you can get red 21 times in roulette or more than consecutive favorites to lose in horse racing things happen, but they will not happen repeatedly.
It's like playing martingale!



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rodskee
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February 26, 2020, 01:10:44 PM
 #42

I think i have crossed almost same question/topic outside this section ,and still i am curious that if monday is really a good time to buy or sell? and also does the movement of market goes the same or almost in week start,and if there is a possibilities maybe we can gamble buying each monday if we are aiming to have for long time holding?is that applicable?i mean those investing small amount weekly maybe better to make timing every mondays.

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