We have been closely watching the Crypto Currency Market if you possibly could call it that, with all the current fake data, fraud, and related problems. One thing stands out – it isn’t really so distinct 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 for this, you know how this ends. A few early investors create a bundle and thousands or millions even stay holding the bag. From one perspective, a bubble is much like a ponzi scheme. In MLM, there are many who get wealthy – the founders.
If you aren’t the founder – how do you know which Crypto will probably be another Bitcoin? You don’t. You have no clue. You can visit Korea and do every one of the due diligence you desire, the fact is that no-one can see the future as well as a top analyst might be wrong at times.
Quant traders have similar doctrine all of them share – they may be smart enough to understand how stupid they’re. They know their particular flaws and so they submit to a higher power- that is certainly Artificial Intelligence.
Computing power has become so massive that it’s feasible that now you may off their own residence office create a smart trading plan that does well. Needless to say, much like the laws of market dynamics, it’s also possible to produce a robot that’s worth exactly zero – a huge pile of crap. When a quant bakes an algorithm it’s either priceless or worthless. If it functions, he’s got effectively created a income generating machine. If this doesn’t happen work, there isn’t any value to anyone even if it’s just academics.
How do you know what method works, developing a functional bot or buy one? There are obvious conflicts of great interest in those who sell bots. The internet continues to be covered with good marketeers, while profitable quants mostly keep their methods to themselves. Selling a product or service, and trading a robotic, are very 2 different skills.
Crypto so far has shown exactly like most markets: impossible to trade.
While many are kicking themselves because of not buying and holding, I can tell you as a trader i speak for a lot of in the room there’s not a way I would experienced the patience by sitting on a hugely profitable position for several 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 obviously, but you are of the different nature.
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