We’ve been closely watching the Crypto Currencies market if you’re able to refer to it that, with all the current fake data, fraud, and related problems. One thing stands apart – it isn’t really so unique of FX, commodities, futures, or stocks. Market dynamics are market dynamics. And since many readers with this fine site will know already – many traders lose. There’s been analysis done for this, everyone knows how this ends. A few early investors create a bundle and thousands or millions even are left holding the bag. From one perspective, a bubble is much like a ponzi scheme. In MLM, there are some who amass wealth – the founders.
If you’re not the founder – how do you know which Crypto is going to be the next Bitcoin? You seriously don’t. You concept of. You can look to Korea and do each of the required research you need, the reality is that no-one can start to see the future or a top analyst could be wrong at times.
Quant traders have the same doctrine all of them share – these are smart enough to learn how stupid they are. They know their own flaws and they also submit to an increased power- that is Artificial Intelligence.
Computing power is now so massive that it is entirely possible that now you may from their own residence office create a brilliant software system that does well. Of course, as with the laws of market dynamics, you can even build 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, she has effectively developed a wealth creation machine. If it does not work, there isn’t a value to anyone not even academics.
Exactly how do you know what method works, how to construct an operating bot or acquire one? There are obvious conflicts of great interest in those who sell bots. The internet may be covered with good marketeers, while profitable quants mostly keep their strategies to themselves. Selling a product or service, and trading a robotic, are very 2 different skills.
Crypto up to now has proven similar to most markets: impossible to trade.
Although are kicking themselves due to buying and holding, We can tell you as being a trader and that i speak for most space that there’s absolutely no way I might have had the patience to sit over a hugely profitable position for several years whilst 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 of course, however they are of the different nature.
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