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Bitcoin Trading - Exploiting Bitcoin's Volatility
Just curious about how many BOP members actually trade bitcoin for profit speculation. Not buy and hold bitcoins with the goal of long term appreciation but buying (going long) and selling (going short) on bitcoin each day. Traders of any currency - stocks - options etc look for profit look for high volatility investments to trade. The higher the volatility the better - hourly, daily, weekly price swings. Bitcoin has amazing volatility - moving up and down 10-35% in a short amount of time. It's almost the ideal trading currency.
There are some great bitcoin platforms to analyze the underlying technical aspects of the current price so that you can make a decision on which way the price is going based on whether you think it is over bought vs over sold. In addition to buying and selling actual bitcoins you can now buy bitcoin option spreads just like options on stocks and in December bitcoin futures contracts were launched.
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i have done some of that on other coin but i am more now on lending platform that you hit the ico at early stage buy at .50 cent to 1.00 and lend at 10.00 to 15.00 for daily profit or just sold and out the platform ...
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That is pretty neat
i have seen some neat crypto currency trading strategies - the bitcoin option spreads are pretty cool
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