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A comment on Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal. Parent comment

Re:Bitcoin Tumbles as PBOC Declares Initial Coin Offerings I... by jgalt212 on Monday September 04, 2017 @10:29PM (#15172096)
> there are a bunch of amateur traders who think it's a good idea to buy when the price is rising and sell when it's falling.

professional traders and asset managers do this exact same thing.

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Re:Bitcoin Tumbles as PBOC Declares Initial Coin Offerings I... by astrange on Tuesday September 05, 2017 @05:25AM (#15173628)
That's called momentum trading and it's not a bad idea in a market where most traders aren't setting a price… aka, all public markets especially this one. Who needs fundamentals?
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