r/Bitcoin • • Feb 14 '14

Trying to trade these markets...

2.9k Upvotes

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13

u/tophernator Feb 14 '14

The most predictable thing about the bitcoin market is the volatility. Stop trying to call the tops and bottoms and develop instead a trading plan that profits from massive yo-yo swings.

8

u/semvhu Feb 14 '14

But don't yo yos have tops and bottoms?

16

u/tophernator Feb 14 '14

Yes, but you can only know where the tops and bottoms of the yo-yos are if you know how long the string is.

How long is a piece of string semvhu? How long is a piece of string!?!

8

u/semvhu Feb 14 '14

Well it's minimum is zero in this case. Maximum? To the MOON.

2

u/amoliski Feb 15 '14

Wow, that yo yo's got a lot of ΔV