Were closely watching the Crypto Currencies market if you’re able to think of it as that, because of 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 since several readers with this fine site will already know – the majority of traders lose. There’s been analysis done for this, everyone knows how this ends. A few early investors come up with a bundle and thousands or millions even are left holding the bag. From one perspective, a bubble is compared to a ponzi scheme. In MLM, there are many who amass wealth – the founders.
If you aren’t the founder – how do you know which Crypto will likely be the following Bitcoin? You don’t. You have no idea. You can visit Korea and do all of the research you need, the fact is that no one can start to see the future and even a top analyst could be wrong occasionally.
Quant traders have the identical doctrine they all share – they’re smart enough to find out how stupid they’re. They know their own flaws plus they undergo a higher power- that’s Artificial Intelligence.
Computing power is now so massive it is entirely possible that you can now using their own house office create a smart software system that does well. Needless to say, much like the laws of market dynamics, you can even develop a robot that is worth exactly zero – a major pile of crap. When a quant makes an algorithm it’s either priceless or worthless. If it works, she has effectively made a income generating machine. If it won’t work, there isn’t a value to anyone not really academics.
How do we understand what method works, how to construct an operating bot or acquire one? There are obvious conflicts appealing in people that sell bots. The internet has become dominated by good marketeers, while profitable quants mostly keep their ways of themselves. Selling a product or service, and trading a robot, are actually 2 different skills.
Crypto thus far has shown similar to most markets: impossible to trade.
Even though many are kicking themselves for not buying and holding, I can tell you as being a trader and I speak for a lot of inside the room that there are no way I’d also have the patience to sit down on the hugely profitable position for 3 years whilst the price goes parabolic.
That’s why quants develop and trade algorithms – picking entries and exits may be brain-destroying. There are dangers and risks with robots too naturally, but they’re of a different nature.
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