Bitcoin is close to $60,000.00 once again and the crypto market cap has gone up to 2.3 Trillion USD. This sounds extremely good after we saw Bitcoin take a serious slump even going to the low fifties. So things are starting to look up, right?
Well that is the feeling one would get looking at this coingecko chart, a healthy looking Bitcoin. The thing is, it now seems, contrary to what used to happen, that weekends are now the time that crypto pumps, so I am guessing that on Monday we will see the whole market going down again.
Just think about that, a beautiful investment opportunity, buy low on Mondays through Thursdays and then sell during the weekend. That is a fabulous strategy if it held any facts behind it, but unfortunately I think this is just coincidence, there is no planned up and down of crypto. what there is, is people who do take advantage of certain patterns and will even put up money to make sure these patterns are visible, Once enough people invest or sell, which is what they need, these people pounce and make huge profits.
I have seen this same thing too much to believe there are no people profiteering from this. Actually I don't see anything inherently illegal with this, perhaps it is not so moral, but money does away with morality. If I had money to invest, I too would be looking for patterns,