Another trader, who asked not to be named because he didn’t want to attract negative attention, boiled his trading strategy down to coming up with the most superficial understanding he can imagine, then assuming that’s how the market will act.
It's true that the entire market is flooded with "wanna-get-rich-quick n00bs." I like to think that I got in early enough to count as "sophisticate." It's certainly true that I'm most interested in the ideological aspects of bitcoins, so that last paragraph describes me to a T. And if I had any money at all to throw around, I'd be buying bitcoin like a madman right now.
HA! Absolutely love this:
It's true that the entire market is flooded with "wanna-get-rich-quick n00bs." I like to think that I got in early enough to count as "sophisticate." It's certainly true that I'm most interested in the ideological aspects of bitcoins, so that last paragraph describes me to a T. And if I had any money at all to throw around, I'd be buying bitcoin like a madman right now.