We have been closely watching the Crypto Currency Market if you possibly could refer to it that, with the fake data, fraud, and related problems. One thing stands out – it isn’t really so distinct from FX, commodities, futures, or stocks. Market dynamics are market dynamics. And as most readers of this fine site will may have learned – nearly all traders lose. There’s been analysis done on this, everybody knows how this ends. A few early investors make a bundle and thousands or millions even are left holding the bag. From one perspective, a bubble is a lot like a ponzi scheme. In MLM, there are some who get rich – the founders.
If you’re not the founder – you need to which Crypto is going to be the subsequent Bitcoin? You don’t. You have no clue. You can turn to Korea and do every one of the homework you would like, the fact is that no-one can begin to see the future or even a top analyst might be wrong from time to time.
Quant traders have similar doctrine each will share – these are smart enough to know how stupid these are. They know their particular flaws plus they submit to a higher power- that’s Artificial Intelligence.
Computing power is so massive that it’s feasible that everyone can from their home office create a sensible software system that does well. Naturally, like with the laws of market dynamics, you can even create 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 truely does work, she has effectively created a income generating machine. If this doesn’t happen work, there isn’t any value to anyone not even academics.
Exactly how do you understand what method works, how to build a practical bot or get one? There are obvious conflicts of curiosity in those who sell bots. The internet has become covered with good marketeers, while profitable quants mostly maintain their ways of themselves. Selling a product or service, and trading a robot, are really 2 different skills.
Crypto thus far has proven exactly like most markets: impossible to trade.
While many are kicking themselves because of not buying and holding, I will tell you being a trader and I speak for several 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 as the price goes parabolic.
That 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 naturally, but they’re of the different nature.
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