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I love bitcoin, this rise comes just 3 days after it had its biggest one day drop in a month. At this point it must be a CTA's dream instrument, all it does is
by chollida1 9y ago
I love bitcoin, this rise comes just 3 days after it had its biggest one day drop in a month. At this point it must be a CTA's dream instrument, all it does is seem to trade on momentum:)
So if China shutting down exchanges, the CFTC coming out and claiming tokens used in ICO's fall under its jurisdiction, confusing regulations everywhere, and huge recent gains can't stop it, I'm not sure what will.
As a side note, if there are any Bloomberg engineers around, come on VCCY<GO> is really awful.
Put some time into it, its not like virtual currencies are going away any time soon.
- soVeryTired 9y agoCTAs tend to have built in risk control :)
- chollida1 9y agoNo one said they didn't:) Not a big deal most people don't understand that industry. The point I was going for is that CTA's, more than anyone else, love good momentum stories as they are the original trend followers.