Bitcoin is of great appeal to investors and traders all over the world. However, the price volatility is also turning away a lot of potential users, including consumers and investors. The new Time Weighted Average Price Bitcoin trading algorithm may help relieve some of those concerns. That being said, it is not an ideal solution for everyone.
What the Time Weighted Average Price algorithm does is allow users to save money and headaches when dealing with Bitcoin. Albeit the volatile price swings seem to have become less common, one can never rest on their laurels either. This new algorithm lets users benchmark their trades, and reduce the risk factor.
Not everyone will be looking to improve their trading performance, though. TWAP Seems to be targeting those users primarily, as it provides Bitcoin price benchmarks. Then again, such a tool could be useful for retailers as well. Not every merchant will convert the full Bitcoin payment to fiat currency right away.
TWAP Is Not For Everyone
Once people gain valuable insights into the volatile nature of Bitcoin through a convenient manner, they can determine when it makes sense to hold
Read more ... source: LiveBitcoinNews
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