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1 | What is a Cryptohaircut?
A cryptohaircut is a pair of actions. The first action is to buy an amount of cryptocurrency at a lower price. The second action is to sell what was bought at a higher price.
2 | What is a Daycut?
A daycut is a cryptohaircut whose buying and selling actions are carried on the same day.
3 | Daycut Demonstration
The table below shows an example of a daycut in the Bitcoin market. The buying action is carried out at 8:10 AM whereas the selling is carried out at 10:25 AM. The profit of $1,250.87 (6.87%) is the difference between the buying price and the selling price.
| Time | BTC | Action |
|---|---|---|
| 8:10 AM | $18218.51 | Buy |
| 10:25 AM | $19,469.38 | Sell |
The above figures are based on actual market data as captured by the following buying- and selling-opportunity images.
4 | Buying Opportunity Image
5 | Selling Opportunity Image
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