We’re closely watching the Crypto Currencies market if you possibly could think of it as that, with all the fake data, fraud, and related problems. One thing sticks out – it is not so different than FX, commodities, futures, or stocks. Market dynamics are market dynamics. And because so many readers of this fine site will know – many traders lose. There’s been analysis done on 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 a lot like a ponzi scheme. In MLM, there are several who get wealthy – the founders.
If you’re not the founder – you need to which Crypto will be another Bitcoin? You really don’t. You have no clue. You can visit Korea and do each of the homework you want, the fact remains that no-one can understand the future and even a top analyst can be wrong from time to time.
Quant traders have a similar doctrine each of them share – they may be smart enough to learn how stupid they may be. They know their unique flaws and they also submit to a higher power- that is certainly Artificial Intelligence.
Computing power is now so massive that it’s entirely possible that anyone can from their own house office create an intelligent software system that does well. Needless to say, as with the laws of market dynamics, you can also build a robot that is worth exactly zero – a large pile of crap. When a quant makes an algorithm it’s either priceless or worthless. If it really works, he’s got effectively developed a profitable machine. If it doesn’t work, there isn’t any value to anyone not academics.
So how do you know what method works, developing a working bot or purchase one? There are obvious conflicts of great interest in people that sell bots. The internet has been covered with good marketeers, while profitable quants mostly maintain their ways to themselves. Selling an item, and trading a robotic, can be extremely 2 different skills.
Crypto up to now has shown the same as most markets: impossible to trade.
Although many are kicking themselves for not buying and holding, We can tell you as being a trader and i also speak for several in the room that there are not a way I’d have had the patience to sit over a hugely profitable position for 3 years as 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 of course, but they are of the different nature.
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