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Title: Does the bitcoin price reach the bottom? Post by: xinxi on October 07, 2014, 03:48:45 PM Who knows? You shouldn't bet on that. But the volatility has a chance to decrease. The following picture shows the volatility of BTC/USD. (The daily OHLC data from coindesk.com was used).
http://s29.postimg.org/n7a38l8wj/BTC_USD_volatility.jpg (http://postimg.org/image/n7a38l8wj/) There is quite an obvious regularity of the volatility peaks and valleys. And the current volatility is probably at a peak and has a big chance to go down. If you want to take advantage of this volatility regularity, you can trade options. I just launched options trading platform, you may want to have a look at it: https://coinut.com. Title: Re: Does the bitcoin price reach the bottom? Post by: rohnearner on October 07, 2014, 04:33:05 PM Can't say few months back it was 800$ than it became 700$ , then 600$ ,500$........ last week it was 366$ and now it has come down to 275$ I'll not get surprised if it goes below 250$ or maybe further..!
Title: Re: Does the bitcoin price reach the bottom? Post by: ilpirata79 on October 07, 2014, 04:33:24 PM Ni.
Title: Re: Does the bitcoin price reach the bottom? Post by: xinxi on October 08, 2014, 05:01:42 PM Can't say few months back it was 800$ than it became 700$ , then 600$ ,500$........ last week it was 366$ and now it has come down to 275$ I'll not get surprised if it goes below 250$ or maybe further..! I totally agree with you. Bitcoin's price is the craziest thing that I have ever seen. I traded in the FX market for many years, and I also watched 08's craziness, but that's just small stuff compared with bitcoin. Title: Re: Does the bitcoin price reach the bottom? Post by: NapoleonBonaparte on October 08, 2014, 05:19:24 PM Can't say few months back it was 800$ than it became 700$ , then 600$ ,500$........ last week it was 366$ and now it has come down to 275$ I'll not get surprised if it goes below 250$ or maybe further..! I totally agree with you. Bitcoin's price is the craziest thing that I have ever seen. I traded in the FX market for many years, and I also watched 08's craziness, but that's just small stuff compared with bitcoin. Reason why Buffet called it a "mirage". He could be right. |
