Discover and read the best of Twitter Threads about #Santiment
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1. People always tell you to do your own research, but you don't know where to start? This is a thread on how I conduct #DYOR on #cryptocurrency projects; hope it can serve as inspiration for you to dive deeper into #Blockchain.
2. First thing's first, I use excel to keep track of all of my findings. The main benefits:
-I don't waste time looking up something I've already looked up before
-I can easily compare metrics across projects
-I can conduct calculations and quantitative analysis
-I don't waste time looking up something I've already looked up before
-I can easily compare metrics across projects
-I can conduct calculations and quantitative analysis
3. The first place I go is the website of the project. Here I look for the following:
-Project overview: does it solve a real problem / offer a unique solution
-Team: are they doxxed & do they have prior experience
-Roadmap: is there a clear timeline & has the team met milestones
-Project overview: does it solve a real problem / offer a unique solution
-Team: are they doxxed & do they have prior experience
-Roadmap: is there a clear timeline & has the team met milestones
Are some days better than others for trading @bitcoin and other #crypto?
If so, how does trading $BTC only on (historically) the best days compare to simply #HODLing?
Check out our full analysis here! tinyurl.com/y6z55ulw
[explanation continued in comments]
If so, how does trading $BTC only on (historically) the best days compare to simply #HODLing?
Check out our full analysis here! tinyurl.com/y6z55ulw
[explanation continued in comments]
2/ To answer the above, we started by calculating the average $BTC price returns for each day of the week, including weekends.
Here are the average log returns for Bitcoin from 2017 until present day:
Here are the average log returns for Bitcoin from 2017 until present day:
3/ We can see major differences between days:
Monday and Saturday emerge as clear winners, with average returns of +0.69% and +0.5%, respectively.
Wednesday, Thursday and Sunday all returned neg. values for the past 2 years. To date, Weds proved to be the worst performing day.
Monday and Saturday emerge as clear winners, with average returns of +0.69% and +0.5%, respectively.
Wednesday, Thursday and Sunday all returned neg. values for the past 2 years. To date, Weds proved to be the worst performing day.
