We have been closely watching the Crypto Currencies market if you can refer to it that, because of the fake data, fraud, and related problems. One thing sticks out – it isn’t so different than FX, commodities, futures, or stocks. Market dynamics are market dynamics. And as most readers of the fine site will know – many traders lose. There’s been analysis done on this, we all know how this ends. A few early investors come up with a bundle and thousands or millions even are still holding the bag. From one perspective, a bubble is much like a ponzi scheme. In MLM, there are many who get rich – the founders.
Unless you are the founder – how can you tell which Crypto will probably be the next Bitcoin? You really do not. You concept of. You can look to Korea and do each of the research you want, the fact remains that no-one can see the future or even a top analyst may be wrong sometimes.
Quant traders have similar doctrine each of them share – these are smart enough to learn how stupid they may be. They know their unique flaws and so they post to a higher power- that is Artificial Intelligence.
Computing power is now so massive that it must be possible that everyone can using their own home office create a brilliant trading system that does well. Needless to say, just like the laws of market dynamics, you can even build a robot that’s worth exactly zero – a big pile of crap. When a quant bakes an algorithm it’s either priceless or worthless. If it functions, she has effectively designed a wealth creation machine. If it doesn’t work, there isn’t a value to anyone even if it’s just academics.
Exactly how do you understand what method works, how to build a working bot or buy one? There are obvious conflicts appealing in people that sell bots. The internet continues to be dominated by good marketeers, while profitable quants mostly keep their ways of themselves. Selling a product, and trading a robotic, are very 2 different skills.
Crypto up to now has proven similar to most markets: impossible to trade.
While many are kicking themselves because of not buying and holding, We can tell you like a trader and i also speak for many within the room that there’s no chance I would experienced the patience to sit 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 be brain-destroying. There are dangers and risks with robots too needless to say, but they are of your different nature.
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