The hard part here is market making. Market making is almost pure game theory, and unless you worked at a big market making trading house (i.e. Goldman, JP Morg

The hard part here is market making. Market making is almost pure game theory, and unless you worked at a big market making trading house (i.e. Goldman, JP Morgan, etc) the learning curve can be really expensive. In this type of work, it's not that bitcoin is making people feel dumb, it's that the smartest people playing in Bitcoin are making money at the expense of everyone else. There are a lot of really smart people playing in Bitcoin who are comparatively dumb. Bitcoin is just the stock market 2.0: the big guys manipulate the market with impunity, except there aren't any laws to stop them (nevermind the government ignores the rules in the stock market if you're "too big to fail"...)