Post
Topic
Board Economics
Re: Bitcoin trading strategy
by
arallmuus
on 12/06/2015, 21:40:15 UTC
I think arallmuus is saying that it's the volatility in the price that attracts traders. 

Yes I did and thats the truth. None will be attracted to it if the value is stagnant and there isnt any movement

but I would think traders are just making a bet on the direction the price is going to go in the future.

Seriously no, you could say that most trader are gamblers as well but the fact it isnt. Trader do "make a bet" about the movement of the value but only if there is a "sign" of the movement which someone could see from several point.
The several crucial will be number of buy and sell order, volume for X hours and also activities from the other exchanger ( it isnt good just to relly on 1 exchangers chart ) also that basically a chartist would be able to pinpoint the rough direction of where the next movement will be which makes trader take action to "bet" on this movement and not just a "blind bet" without knowing where it will go