On 2021-01-22 22:00, Karl wrote:
just trying to spark a little dialogue
So you know, a cryptocurrency trading bot can make over _1%_return _per_day_ on investment, trading on cryptocurrency exchanges. This is because of political attacks on cryptocurrency markets preventing the prices from stabilising.
it would be helpful to work with people of opposing politics on such things, so we can become wealthy. personally, i have no income at this time, and have spent my savings.
There are a number of issues one runs into when trying to maintain such a bot, and a number of known solutions to such issues. It is hard for me to type them.
i've run into issues trading cryptocurrency, and suspect private machine learning algorithms and private organised communities are artificially stimulating things to increase their profits or control the markets.
i have seen trading behavior change in response to the introduction of new bots and in response to their immediate behaviors, severely reducing the effect of backtesting.
i have also seen exchanges go down for many months, and i have seen falsified historical data, when a new kind of bot is introduced and sustained.
The crypto currency exchanges are run by crooks and are full of crooks scamming crooks. (So was the Mortgage Backed Security Market) If you don't know who the pigeon is, you are the pigeon. As a very smart man recently posted, we need to replace the crypto currency exchanges with atomic transactions between blockchains.