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I know cases of algo traders coming from capital markets that have been so successful that they were banned in some crypto exchanges for using highly efficient
by joeyspn 8y ago
I know cases of algo traders coming from capital markets that have been so successful that they were banned in some crypto exchanges for using highly efficient strategies. One of the guys (he works in a top market maker during the day) told me he was making around 100btc/month back in Q1-Q2'17.
Edit: Not saying it's easy to reach that level of profits, just that it's possible for professional/sophisticated traders.
- crispyporkbites 8y agoI know a guy who makes so much money he got banned from the internet. He told me he makes 1000000 Btc a day. Fact.
- joeyspn 8y agoThese things happen, and with much bigger amounts... Trend following or HFT strategies are not the only way to make profit in inefficient markets. Eg: https://www.straitstimes.com/business/companies-markets/bitcoin-exchange-operator-sued-in-spore https://www.straitstimes.com/business/companies-markets/bitc...
- vezycash 8y agoSo your guy makes $8,957,005,000 daily?
- heptathorp 8y agoWhy would the exchange care if you are running a highly successful trading strategy?