Chris Larsen explains how to profit from Bitcoin's price swings using automated trading rules. Set up if-then conditions to buy dips and sell rallies, then either cash out gains or keep accumulating through covered-call-like strategies.
Bitcoin is an optimal asset to trade because of the volatility. Can you talk a little bit about that?
Our software allows you to set if then scenarios both to the downside and the upside. So if Bitcoin goes down by 5%, buy this many Bitcoin. If Bitcoin goes up by this percent, sell this many Bitcoin and you can dial it in one to one ratio, where you're cashing out of every trade one to one. Or you can leave Bitcoin in there and that would resemble what a covered call strategy look like, where you're accumulating when you're out of the money for long term appreciatory potential, and you're cashing out when you are in the money to take a yield. And so we think Bitcoin and any crypto specifically, is that volatility can be harvested very easily. If you have the tools to to that.
