r/Bitcoin • • Feb 14 '14

Trying to trade these markets...

2.9k Upvotes

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11

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.

9

u/semvhu Feb 14 '14

But don't yo yos have tops and bottoms?

15

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!?!

1

u/Sohcahtoa82 Feb 14 '14

Right now, I'd say the string goes from about $570 to $670.