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RE: How bad will the Sunday dip get this week?

in #cryptocurrency7 years ago

I decided to test your theory about Sundays being the buy days in my own stack.
Here are the findings tracking back to January 14th (my first Sunday of keeping score) with all prices locked early morning around 6AM EST:
Total number of Sundays 11
Total up 2
Total down 8
1 practically even
In the last 7 I had one at even and 6 lower

It looks like your theory definitely has some merit

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Yeah, because the whales and bots want to take Sunday off, so they don't even bother. 😉

It's also really cool that you have been keeping track, and sadly, the Sunday method is only good when the market is bullish, because if you apply the Sunday method during a bearish market, you'll still be paying too much overtime, and the overall market sinks week after week during a bear.

I think the wild days of 100X are gone for good.
For the most part we may be lucky to beat 10% on an annual basis. And for a risky, entry level investment, that totally sucks.
I hope I’m wrong.

Too many coins, tokens, and ICO's, not enough money I'm afraid. Everyone is all over the place trying to chase their Lambo dream, so loyalty for the most part to any one project is over, well for most of the dumb money coming in anyway.

Yes, there is definitely dilution with too many coins, but also a lack of new money pouring in.
Money chases performance, and there is no performance here to chase

Toot true, and the no new money coming in is for good reason too, because now 18 year old kids can't buy their new Lambo after buying $100 worth of coins, and then after a month are millionaires.

Lambo days are over. Now it’s Lambo repo days

Ah ha ha! It's too true! 😀