We’re closely watching the Crypto Currencies market when you can refer to it as that, with the fake data, fraud, and related problems. One thing sticks out – it isn’t so distinct from FX, commodities, futures, or stocks. Market dynamics are market dynamics. And as most readers of the fine site will already know – many traders lose. There’s been analysis done for this, we all know how this ends. A few early investors make a bundle and thousands or millions even remain holding the bag. From one perspective, a bubble is similar to a ponzi scheme. In MLM, there are some who break the bank – the founders.
Unless you are the founder – how do you know which Crypto is going to be the subsequent Bitcoin? You don’t. You have no clue. You can go to Korea and do each of the due diligence you need, in reality that no-one can see the future as well as a top analyst could be wrong sometimes.
Quant traders have the same doctrine each will share – they are smart enough to know how stupid these are. They know their very own flaws and they submit to a greater power- that’s Artificial Intelligence.
Computing power is so massive that it must be possible that anyone can from other own home office create a sensible software system that does well. Of course, much like the laws of market dynamics, you can also create 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 works, he has effectively made a wealth creation machine. If this doesn’t happen work, there isn’t a value to anyone not really academics.
Exactly how do you know very well what method works, how to build a functional bot or acquire one? There are obvious conflicts of curiosity in those that sell bots. The internet has become covered with good marketeers, while profitable quants mostly keep their methods to themselves. Selling an item, and trading a robotic, are actually 2 different skills.
Crypto up to now has proven the same as most markets: impossible to trade.
Even though many are kicking themselves for not buying and holding, Let me tell you like a trader and I speak for a lot of space that there’s not a way I’d personally experienced the patience to take a seat with a hugely profitable position for 3 years whilst the price goes parabolic.
That’s 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 they are of a different nature.
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