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<p>[QUOTE="Co1ns, post: 2756477, member: 87765"]Would vary between exchanges, but was actually $550 high to the low, and another $250 to the swing low two days later, for a total of $900 / 33%. Can't look at that move in isolation though, it's all relative: this was following an $1800 / 200%+ appreciatio, ie the move lower was a pretty standard 50% correction of the move higher.</p><p><br /></p><p>Bitcoin is definitely volatile, no arguments there, but you adapt your trading/investment strategy accordingly. We trade forex with 50 - 100:1 leverage when swing or trend trading, sometimes closer to 500 if we're scalping. Max available margin trading bitcoin at Bitfinex is 3:1 and we rarely use that, there's no need. </p><p><br /></p><p>Investing and trading bitcoin and other crypto isn't a walk in the park, but savvy investors and traders can do incredibly well, sell side and buy side. If you want safety, buy bonds.[/QUOTE]</p><p><br /></p>
[QUOTE="Co1ns, post: 2756477, member: 87765"]Would vary between exchanges, but was actually $550 high to the low, and another $250 to the swing low two days later, for a total of $900 / 33%. Can't look at that move in isolation though, it's all relative: this was following an $1800 / 200%+ appreciatio, ie the move lower was a pretty standard 50% correction of the move higher. Bitcoin is definitely volatile, no arguments there, but you adapt your trading/investment strategy accordingly. We trade forex with 50 - 100:1 leverage when swing or trend trading, sometimes closer to 500 if we're scalping. Max available margin trading bitcoin at Bitfinex is 3:1 and we rarely use that, there's no need. Investing and trading bitcoin and other crypto isn't a walk in the park, but savvy investors and traders can do incredibly well, sell side and buy side. If you want safety, buy bonds.[/QUOTE]
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