Impossible to say, but it seems like the market has already priced out most bad news. I think we are on pretty firm footing for another run-up.
This one might even be bigger than the last one, given the fact Bitcoin is more entrenched and has proven itself for a longer time. The longer Bitcoin exists, the less dangerous it appears to investors.
Topic: Does the bitcoin price reach the bottom? (Read 991 times)
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.
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.
Ni.
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..!
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.
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.
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