Does the bitcoin price reach the bottom?

[xinxi]

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

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.

[rohnearner]

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..!

[ilpirata79]

Ni.

[xinxi]

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.

[NapoleonBonaparte]

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.