We’ve been closely watching the Crypto Currency market trading if you can refer to it that, with all the current fake data, fraud, and related problems. One thing stands out – it isn’t so diverse from FX, commodities, futures, or stocks. Market dynamics are market dynamics. And as most readers of this fine site will know – nearly all traders lose. There’s been analysis done with this, everyone 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 a lot like a ponzi scheme. In MLM, there are many who break the bank – the founders.
If you’re not the founder – how do you know which Crypto will probably be the following Bitcoin? You seriously don’t. You concept of. You can look to Korea and do all the due diligence you need, the fact is that there is no-one to begin to see the future or even a top analyst may be wrong sometimes.
Quant traders have the same doctrine each of them share – they are smart enough to understand how stupid these are. They know their own flaws and they also submit to a greater power- that’s Artificial Intelligence.
Computing power is so massive that it is entirely possible that anyone can from other own residence office create a smart trading system that does well. Obviously, like with the laws of market dynamics, you may also produce a robot that is worth exactly zero – a big pile of crap. When a quant bakes an algorithm it’s either priceless or worthless. If it really works, he’s got effectively made a money making machine. If this doesn’t happen work, there is absolutely no value to anyone not even academics.
So how do you determine what method works, developing an operating bot or get one? There are obvious conflicts appealing in people who sell bots. The internet has been covered with good marketeers, while profitable quants mostly maintain their ways of themselves. Selling an item, and trading a robot, are very 2 different skills.
Crypto so far has proven similar to most markets: impossible to trade.
Although many are kicking themselves because of not buying and holding, I will tell you like a trader and that i speak for several inside the room that there are absolutely no way I would have had the patience by sitting on a hugely profitable position for several years even though the price goes parabolic.
This is exactly 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 the different nature.
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