Hey guys, there's a lot of talk about the mythical Sunday dip going around so I thought I'd see how BTC has fared so far this year
All prices were taken from CoinMarketCap and I used the opening and closing price to gauge how well it performed. Any gain/loss that was less than 1% is classed as breakeven. I did double check everything but I apologise in advance if anything is incorrect
Here we go...
Sun 23rd May 8% loss
Sun 16th May Breakeven
Sun 9th May 1% loss
Sun 2nd May 2% loss
Sun 25th April 2% loss
Sun 18th April 6% loss
Sun 11th April breakeven
Sun 4th April 2% gain
Sun 28th March Breakeven
Sun 21st March 1% loss
Sun 14th March 3% loss
Sun 7th March 3% gain
Sun 28th February 2% loss
Sun 21st February 3% gain
Sun 14th February 3% gain
Sun 7th February Breakeven
Sun 31st January 3% loss
Sun 24th January Breakeven
Sun 17th January 1% loss
Sun 10th January 4% loss
Sun 3rd January 2% gain
As you can see, we've had more losses than gains but most of the losses were insignificant amounts like 1-2%. You've essentially got the same chance of breaking even or making a profit if you don't sell in anticipation of the Sunday dip
Hope some of you find this useful!
Submitted May 29, 2021 at 12:30PM by damnusernamegotcutof https://ift.tt/34uz8jy https://ift.tt/2Z7cX2s
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