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On a tangential note, I've been meaning to pursue a silly hypothesis that you could buy cryptocurrency low on mondays and sell high on weekends, because that's
by kerblang 4y ago
On a tangential note, I've been meaning to pursue a silly hypothesis that you could buy cryptocurrency low on mondays and sell high on weekends, because that's when recreational gamblers gamble most - an extension of pandemic-bubble thinking. Just wondering if anybody ever graphed it out...
- olalonde 4y agoAlmost the opposite effect exists: Bitcoin returns on Mondays are significantly higher than those on the other days of the week[0]. [0] https://www.sciencedirect.com/science/article/pii/S1544612318304240 https://www.sciencedirect.com/science/article/pii/S154461231...
- kerblang 4y agoAh, thanks, interesting paper > In general this strategy is profitable, both for the full sample and for individual years, but in most cases the results are not statistically different from the random trading case, and therefore they do not represent evidence of market inefficiency. Another hypothesis for the wood chipper
- red-iron-pine 4y agointeresting. got a friend working on a master's in finance, will mention this to him, has good semester project / thesis potential.