We’ve been closely watching the Crypto Currency forex market if you’re able to call it that, with all the fake data, fraud, and related problems. One thing stands apart – it isn’t really so unique of FX, commodities, futures, or stocks. Market dynamics are market dynamics. And since many readers of the fine site will know – virtually 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 remain 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.
If you aren’t the founder – you need to which Crypto is going to be the next Bitcoin? You really do not. You have no idea. You can visit Korea and do all of the homework you would like, in reality that it’s impossible to understand the future and even a top analyst might be wrong at times.
Quant traders have similar doctrine each of them share – these are smart enough to learn how stupid they may be. They know their very own flaws and so they endure a greater power- that is Artificial Intelligence.
Computing power is so massive it is feasible that now you may from their home office create a smart trading plan that does well. Of course, just like the laws of market dynamics, you can even create a robot which is worth exactly zero – a big pile of crap. When a quant makes an algorithm it’s either priceless or worthless. If it works, he has effectively created a profitable machine. If this doesn’t happen work, there isn’t a value to anyone not academics.
How do you determine what method works, how to build a working bot or buy one? There are obvious conflicts appealing in people who sell bots. The internet may be covered with good marketeers, while profitable quants mostly maintain their ways to themselves. Selling something, and trading a robot, are very 2 different skills.
Crypto thus far has shown similar to most markets: impossible to trade.
Even though many are kicking themselves due to buying and holding, Let me tell you as being a trader i speak for a lot of in the room that there are not a way I might also have the patience to sit down on the hugely profitable position for several 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, however they are of the different nature.
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