We’ve been closely watching the Crypto Currency market trading if you’re able to refer to it as that, with the fake data, fraud, and related problems. One thing shines – it isn’t so unique of FX, commodities, futures, or stocks. Market dynamics are market dynamics. And since several readers with this fine site will know already – the majority of traders lose. There’s been analysis done for this, everyone knows how this ends. A few early investors make a bundle and thousands or millions even are left holding the bag. From one perspective, a bubble is a lot like a ponzi scheme. In MLM, there are some who amass wealth – the founders.
If you aren’t the founder – you need to which Crypto is going to be the next Bitcoin? You really don’t. You have no clue. You can look to Korea and do all the research you desire, the fact is that no one can understand the future as well as a top analyst may be wrong sometimes.
Quant traders have the same doctrine each of them share – they’re smart enough to understand how stupid these are. They know their particular flaws and they undergo a higher power- which is Artificial Intelligence.
Computing power is now so massive that it must be entirely possible that now you may using their own house office create a brilliant trading plan that does well. Of course, just like the laws of market dynamics, it’s also possible to develop 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 really works, he’s effectively created a wealth creation machine. If it doesn’t work, there’s no value to anyone not academics.
So how do you understand what method works, how to construct a working bot or buy one? There are obvious conflicts of curiosity in people that sell bots. The internet may be dominated by good marketeers, while profitable quants mostly keep their strategies to themselves. Selling a product, and trading a robotic, are very 2 different skills.
Crypto thus far has proven just like most markets: impossible to trade.
While many are kicking themselves due to buying and holding, Let me tell you as being a trader and that i speak for many within the room that there are no chance I’d have experienced the patience to sit down on the hugely profitable position for several years as the price goes parabolic.
This is why quants develop and trade algorithms – picking entries and exits can be brain-destroying. There are dangers and risks with robots too obviously, however they are of the different nature.
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