Some say bitcoin is downtrending and I'm fine with that (even though I have bitcoins in my paper wallet)
Others say it is going up.
Some say the news from China are bad and cause a major downtrend and others say this is good news, once people understand how china is not the main influencer it will be stronger than ever.
I wish I could use options on BTCUSD, I don't mean binary options, that's not it.
Plain vanilla options like stock options are what I use to make nice profits in the short term. I only invest in Bitcoins for the long term (5 years)
If there were options on BTCUSD, it would open up a whole world of possibilities, you could profit when the market moves without the need to predict the direction, or profit from expected volatility changes... its a whole new world, but that's in the distant future I guess.
Back to the present: Up or Down, which way is it?
Just for fun, here are two charts from a few minutes ago, in one bitcoin is trending up and in the other it is trending down!
http://chartly.com/wp-content/uploads/2013/12/btc-dn.pnghttp://chartly.com/wp-content/uploads/2013/12/btc-up.png
