We have been closely watching the Crypto Currency Market if you’re able to refer to it that, with the fake data, fraud, and related problems. One thing stands apart – it is not so diverse from FX, commodities, futures, or stocks. Market dynamics are market dynamics. And since several readers on this fine site will know already – virtually all traders lose. There’s been analysis done about 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 some who get wealthy – the founders.
Unless you are the founder – how can you tell which Crypto will probably be the next Bitcoin? You don’t. You concept of. You can go to Korea and do all the due diligence you would like, the reality is that no-one can begin to see the future or even a top analyst could be wrong at times.
Quant traders have the same doctrine they all share – these are smart enough to find out how stupid these are. They know their own flaws plus they endure a greater power- that is Artificial Intelligence.
Computing power has become so massive that it’s feasible that everyone can from their own residence office create a brilliant trading system that does well. Naturally, as with the laws of market dynamics, it’s also possible to produce a robot which is worth exactly zero – a large pile of crap. When a quant bakes an algorithm it’s either priceless or worthless. If it works, he has effectively developed a income generating machine. If this doesn’t happen work, there is absolutely no value to anyone not really academics.
Exactly how do you understand what method works, building a practical bot or get one? There are obvious conflicts of curiosity in those that sell bots. The internet has become covered with good marketeers, while profitable quants mostly keep their methods to themselves. Selling something, and trading a robotic, are really 2 different skills.
Crypto up to now has proven just like most markets: impossible to trade.
While many are kicking themselves because of not buying and holding, We can tell you like a trader and i also speak for a lot of in the room that there are no chance I might also have the patience to take a seat over a hugely profitable position for 3 years while the price goes parabolic.
That’s 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 they’re of an different nature.
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