We have been closely watching the Crypto Currency Market if you can refer to it as that, with the fake data, fraud, and related problems. One thing stands apart – it’s not so distinct from FX, commodities, futures, or stocks. Market dynamics are market dynamics. And since several readers with this fine site will know – many traders lose. There’s been analysis done with this, everyone 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 break the bank – the founders.
If you’re not the founder – can you be sure which Crypto will likely be the following Bitcoin? You really do not. You have no idea. You can go to Korea and do each of the homework you want, in reality that it’s impossible to begin to see the future and even a top analyst can be wrong occasionally.
Quant traders have a similar doctrine each will share – they may be smart enough to understand how stupid these are. They know their unique flaws plus they post to an increased power- which is Artificial Intelligence.
Computing power is currently so massive that it is possible that you can now from other home office create a brilliant trading system that does well. Naturally, much like the laws of market dynamics, it’s also possible to create a robot that is worth exactly zero – a huge pile of crap. When a quant bakes an algorithm it’s either priceless or worthless. If it works, he has effectively made a wealth creation machine. If it won’t work, there isn’t a value to anyone not academics.
So how do you determine what method works, developing an operating bot or acquire one? There are obvious conflicts appealing in people that sell bots. The internet has become dominated by good marketeers, while profitable quants mostly keep their methods to themselves. Selling a product, and trading a robot, can be extremely 2 different skills.
Crypto so far has proven just like most markets: impossible to trade.
While many are kicking themselves because of not buying and holding, I can tell you like a trader and that i speak for a lot of inside the room that there is absolutely no way I would have had the patience to take a seat with a hugely profitable position for several years while 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 of course, however they are of a different nature.
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