Good points made.
Basically we have to hold tight and see how this all
pans out. I think we have seen the first side effect
With the betworks being extremely congested from
pure volume.
Topic: NEW Trading strategy for 10th DEC and Beyond ? (Read 174 times)
You cannot have a "trading strategy" when the price rises by 29% in one day with a trading volume of 16 billion dollars.
There is absolutely no logic to this price rise and therefore it's impossible to have any coherent strategy. With this kind of volume it would be reasonable to suggest that almost all new users are solely in this for speculative purposes and that they will act based on completely crazy emotions.
It's always possible that hedge funds or some other major group will decide to short BTC on a large scale, but it's also possible that they will manipulate the market and take it higher, so it's not even worth speculating about that.
There is absolutely no logic to this price rise and therefore it's impossible to have any coherent strategy. With this kind of volume it would be reasonable to suggest that almost all new users are solely in this for speculative purposes and that they will act based on completely crazy emotions.
It's always possible that hedge funds or some other major group will decide to short BTC on a large scale, but it's also possible that they will manipulate the market and take it higher, so it's not even worth speculating about that.
Seeing how the month of December affected last year where it has recovered backed to a slump is showing us yet again another amazing price movement. But this time I am both happy and worried as just like what TravelMug have said we are now entering into an uncharted territory for all of us users. With this kind of prices most of us are questioning ourselves if we should sell now or wait until it starts to fall again. So my advice is if we are satisfied with our gains then there is no best time to sell but now.
This is uncharted territory for most of us so I don't what really going on December 10 or what effect with all this bitcoin future contracts that we are seeing. But as far as the price, its has driven all this madness pushing it to all-time-high.
Maybe there will be trading strategy that will evolved once its official started. To be honest, I'm not familiar that's why I keep on reading and maybe I will dig my hands on it later. I will just observe from the background and see how it goes. Let the experts experienced it and share amongst us.
I hope those experts will chime in here for their strategy/method.
Maybe there will be trading strategy that will evolved once its official started. To be honest, I'm not familiar that's why I keep on reading and maybe I will dig my hands on it later. I will just observe from the background and see how it goes. Let the experts experienced it and share amongst us.
I hope those experts will chime in here for their strategy/method.
Ok we know that December 10th [3 days from now!] marks
a historical event of sorts where main stream investors will
be branching into Bitcoin and using their "Futures Investing"
tool to make gains.
I have just learned what Futures investing is and I am wondering
if this game plan is going to change trading in Crypto going forward?
I understand that most of these investors would traditionally
have been looking at a 2% to 5% gain per year on their investments
and with futures they will do anything to hit their mark which
I believe will have an effect on the Bitcoin price.
So will there be a marked change in trading by normal traders?
will the overall value of Bitcoin be disrupted?
a historical event of sorts where main stream investors will
be branching into Bitcoin and using their "Futures Investing"
tool to make gains.
I have just learned what Futures investing is and I am wondering
if this game plan is going to change trading in Crypto going forward?
I understand that most of these investors would traditionally
have been looking at a 2% to 5% gain per year on their investments
and with futures they will do anything to hit their mark which
I believe will have an effect on the Bitcoin price.
So will there be a marked change in trading by normal traders?
will the overall value of Bitcoin be disrupted?
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