Were closely watching the Crypto Currency forex market if you’re able to refer to it that, with all the current fake data, fraud, and related problems. One thing shines – it isn’t so diverse from FX, commodities, futures, or stocks. Market dynamics are market dynamics. And because so many readers of this fine site will may have learned – the majority of traders lose. There’s been analysis done with this, everybody knows how this ends. A few early investors produce a bundle and thousands or millions even are still holding the bag. From one perspective, a bubble is compared to a ponzi scheme. In MLM, there are some who get wealthy – the founders.
If you’re not the founder – how do you know which Crypto is going to be another Bitcoin? You seriously don’t. You have no clue. You can go to Korea and do each of the required research you need, the fact remains that there is no-one to understand the future or even a top analyst can be wrong at times.
Quant traders have the same doctrine all of them share – they are smart enough to know how stupid they’re. They know their very own flaws and so they undergo a better power- which is Artificial Intelligence.
Computing power has become so massive that it’s entirely possible that you can now from other own house office create a smart software system that does well. Naturally, as with the laws of market dynamics, it’s also possible to develop 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 truely does work, he’s got effectively created a money making machine. If this doesn’t happen work, there isn’t any value to anyone not academics.
How do you know very well what method works, developing a functional bot or buy one? There are obvious conflicts appealing in people that sell bots. The internet continues to be covered with good marketeers, while profitable quants mostly keep their ways of themselves. Selling something, and trading a robot, are really 2 different skills.
Crypto thus far has shown just like most markets: impossible to trade.
Even though many are kicking themselves because of not buying and holding, Let me tell you being a trader and I speak for a lot of within the room that there is not a way I would have experienced the patience by sitting on a hugely profitable position for several years whilst the price goes parabolic.
This is why quants develop and trade algorithms – picking entries and exits can prove to be brain-destroying. There are dangers and risks with robots too needless to say, but they’re of a different nature.
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