Were closely watching the Crypto Currency Market if you can refer to it as that, with all the current fake data, fraud, and related problems. One thing sticks out – it isn’t really so distinct from FX, commodities, futures, or stocks. Market dynamics are market dynamics. And since several readers with this fine site will know – nearly all traders lose. There’s been analysis done about this, everybody knows how this ends. A few early investors create a bundle and thousands or millions even are still holding the bag. From one perspective, a bubble is similar to a ponzi scheme. In MLM, there are a few who break the bank – the founders.
If you aren’t the founder – can you be sure which Crypto is going to be the subsequent Bitcoin? You seriously don’t. You have no idea. You can turn to Korea and do all of the research you would like, the fact is that no one can see the future or even a top analyst can be wrong occasionally.
Quant traders have the identical doctrine each will share – they’re smart enough to understand how stupid these are. They know their own flaws and so they undergo a higher power- that is Artificial Intelligence.
Computing power is so massive that it is possible that everyone can using their own residence office create a sensible trading plan that does well. Needless to say, much like the laws of market dynamics, you can also build a robot that’s worth exactly zero – a huge pile of crap. When a quant bakes an algorithm it’s either priceless or worthless. If it truely does work, he’s got effectively made a money making machine. If it doesn’t work, there’s no value to anyone not even academics.
How do we determine what method works, building an operating bot or buy one? There are obvious conflicts of interest in those that sell bots. The internet has become covered with good marketeers, while profitable quants mostly keep their ways to themselves. Selling a product or service, and trading a robotic, are actually 2 different skills.
Crypto up to now has proven similar to most markets: impossible to trade.
Although many are kicking themselves due to buying and holding, I can tell you like a trader i speak for a lot of in the room there’s no way I’d also have the patience by sitting on the hugely profitable position for several years while the price goes parabolic.
This is why quants develop and trade algorithms – picking entries and exits can prove to be brain-destroying. There are dangers and risks with robots too obviously, but you are of your different nature.
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