Were closely watching the Crypto Currency market trading if you possibly could call it that, with all the fake data, fraud, and related problems. One thing stands apart – it isn’t so different than FX, commodities, futures, or stocks. Market dynamics are market dynamics. And since many readers on this fine site will may have learned – virtually all traders lose. There’s been analysis done with this, we all 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 similar to a ponzi scheme. In MLM, there are a few who get rich – the founders.
If you aren’t the founder – how do you know which Crypto will be the following Bitcoin? You really do not. You concept of. You can visit Korea and do all of the required research you want, the reality is that there is no-one to begin to see the future or 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 these are. They know their own flaws and they also post to a greater power- that’s Artificial Intelligence.
Computing power is now so massive it is feasible that everyone can from other own house office create a brilliant software system that does well. Naturally, just like the laws of market dynamics, you can also produce a robot which is worth exactly zero – a huge pile of crap. When a quant makes an algorithm it’s either priceless or worthless. If it truely does work, he’s effectively developed a income generating machine. If it does not work, there’s no value to anyone not even academics.
How do we understand what method works, building a functional bot or get one? There are obvious conflicts of great interest in those that sell bots. The internet may be dominated by good marketeers, while profitable quants mostly keep their strategies to themselves. Selling a product or service, and trading a robot, are very 2 different skills.
Crypto to date has proven just like most markets: impossible to trade.
Although many are kicking themselves for not buying and holding, I can tell you as a trader and that i speak for most within the room that there are no way I would experienced the patience to take a seat over a hugely profitable position for several years even though the price goes parabolic.
That’s why quants develop and trade algorithms – picking entries and exits can be brain-destroying. There are dangers and risks with robots too naturally, however they are of your different nature.
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