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Author Topic: Reflecting on 1 Month Trading Chart... Stability vs Volatility  (Read 965 times)
StewartJ
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January 05, 2012, 06:36:48 PM
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I am at BitcoinCharts.com, looking at the 1 Month/Hourly MT Gox chart (larger chart version)

It is a thing to behold.  You will see a steady 3-week climb, from 1st week of December to January 1st. Very steady and gradual and, to me most importantly, a very STABLE climb upward.

After the New Year, the pattern has changed dramatically... there have been 2 upward dollar spikes , each in the space of 2-3 days. One from $4.20 to $5.20 and the recent $4.80 to around today's $6.20 mark.

I for one would like to see a steady, trading-in-range climb, like we had the previous 3 weeks, with the occasional .50-$1 burst upward. I would love to see it go to the moon like everyone else does, and it may, but I am hesitant to invest again until it gets boring again, trading steady for a week at a time.

Are you confident enough to play and trade for profit throughout the day with these juicy upward spikes? Can anyone really trade for longer than a one-day window with this recent volatility? Will this be looked back on as our Golden Salad Days of BTC day-trading?  :-)

Your thoughts.
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ArsenShnurkov
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January 05, 2012, 06:46:01 PM
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Your thoughts.

Yes, sell sell sell
StewartJ
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January 05, 2012, 06:54:40 PM
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I was hopping for something more insightful than "sell, sell, sell" or "buy, buy, buy"

Litt
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January 05, 2012, 06:57:41 PM
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Sell high buy low.
ArsenShnurkov
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January 05, 2012, 07:00:25 PM
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I was hopping for something more insightful

Then go to "development" branch of the forum,
read about new features for "thin clients" (both proposal and implementation),
and estimate time until first service start.

This will be the point of rally continuation, because in many countries there are mobile phones, but no computers.
StewartJ
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January 05, 2012, 07:11:36 PM
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I was hopping for something more insightful

Then go to "development" branch of the forum,
read about new features for "thin clients" (both proposal and implementation),
and estimate time until first service start.

This will be the point of rally continuation, because in many countries there are mobile phones, but no computers.


I sent them my plans for 2-Cans-and-a-String but they said bandwidth was problematical.
tvbcof
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January 05, 2012, 07:25:35 PM
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I was hopping for something more insightful than "sell, sell, sell" or "buy, buy, buy"


The bitcointalk speculation forum is hardly my first choice for locating 'insightful' commentary on the Internet.  That's part of it's charm for me I guess.


StewartJ
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January 05, 2012, 07:29:11 PM
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I was hopping for something more insightful than "sell, sell, sell" or "buy, buy, buy"


The bitcointalk speculation forum is hardly my first choice for locating 'insightful' commentary on the Internet.  That's part of it's charm for me I guess.


At last, an insightful comment.  They do exist !!!
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