We’ve been closely watching the Crypto Currency Market if you can think of it as that, with all the fake data, fraud, and related problems. One thing shines – it’s not so diverse from FX, commodities, futures, or stocks. Market dynamics are market dynamics. And as most readers of this fine site will already know – virtually all traders lose. There’s been analysis done for this, everyone knows how this ends. A few early investors make a bundle and thousands or millions even are still 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 – can you be sure which Crypto will likely be the subsequent Bitcoin? You really do not. You concept of. You can visit Korea and do every one of the due diligence you would like, the fact remains that it’s impossible to understand the future and even a top analyst can be wrong at times.
Quant traders have the same doctrine each of them share – they’re smart enough to learn how stupid they’re. They know their unique flaws and they undergo a better power- that’s Artificial Intelligence.
Computing power is so massive that it must be entirely possible that everyone can from their own home office create a sensible trading system that does well. Needless to say, much like the laws of market dynamics, you can even build a robot that’s worth exactly zero – a large pile of crap. When a quant makes an algorithm it’s either priceless or worthless. If it works, he has effectively developed a wealth creation machine. If this doesn’t happen work, there isn’t a value to anyone not even academics.
How do we determine what method works, building a working bot or buy one? There are obvious conflicts of curiosity in those who sell bots. The internet may be covered with good marketeers, while profitable quants mostly maintain their methods to themselves. Selling a product, and trading a robotic, are really 2 different skills.
Crypto up to now has proven the same as most markets: impossible to trade.
While many are kicking themselves because of not buying and holding, I can tell you being a trader i speak for a lot of inside the room that there are not a way I would also have the patience to sit over a hugely profitable position for 3 years while the price goes parabolic.
That is why quants develop and trade algorithms – picking entries and exits may be brain-destroying. There are dangers and risks with robots too obviously, but they are of the different nature.
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