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RE: Let's Talk—Are Cryptocurrency Markets Cyclical In Their Behaviour?

in #bitcoin7 years ago (edited)

People like to see patterns in market graphs but at the end markets are very efficient (Google Efficient Market Hypothesis). There are papers out there that that investigated the efficency of bitcoin markets. What I got is that bitcoin is getting more and more efficent. Early in the days there were patterns like mondays were a positive signal. If you google for "bitcoin efficent market" you will find a lot stuff about this topic. Don't trust your gut.