We’ve been closely watching the Crypto Currencies market when you can refer to it that, because of the fake data, fraud, and related problems. One thing shines – it isn’t really so unique of FX, commodities, futures, or stocks. Market dynamics are market dynamics. And because so many readers of the fine site will already know – nearly all traders lose. There’s been analysis done for this, everybody knows how this ends. A few early investors create a bundle and thousands or millions even are still holding the bag. From one perspective, a bubble is a lot like a ponzi scheme. In MLM, there are some who amass wealth – the founders.
Unless you are the founder – you need to which Crypto is going to be the subsequent Bitcoin? You really do not. You have no clue. You can visit Korea and do all the homework you need, the reality is that there is no-one to see the future and even a top analyst can be wrong at times.
Quant traders have a similar doctrine all of them share – they may be smart enough to understand how stupid these are. They know their particular flaws and they also submit to an increased power- that is certainly Artificial Intelligence.
Computing power is so massive that it is likely that everyone can from other own residence office create a sensible trading system that does well. Of course, just like the laws of market dynamics, you may also produce a robot which can be worth exactly zero – a big pile of crap. When a quant makes an algorithm it’s either priceless or worthless. If it functions, he’s got effectively made a wealth creation machine. If it does not work, there is absolutely no value to anyone even if it’s just academics.
How do you know very well what method works, how to build an operating bot or get one? There are obvious conflicts of interest in those who sell bots. The internet has become dominated by good marketeers, while profitable quants mostly keep their methods to themselves. Selling a product or service, and trading a robot, are really 2 different skills.
Crypto up to now has shown just like most markets: impossible to trade.
Although many are kicking themselves for not buying and holding, I will tell you like a trader i speak for many in the room that there is absolutely no way I’d have experienced the patience to take a seat on the hugely profitable position for 3 years while the price goes parabolic.
This is why quants develop and trade algorithms – picking entries and exits can be brain-destroying. There are dangers and risks with robots too naturally, but they are of a different nature.
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