4 ms·
I have a feeling that the vast majority of transactions are from bots like this, from the naive "moneymakers" (like this one with a $3 return) to ones with extr
by glofish 7y ago
I have a feeling that the vast majority of transactions are from bots like this, from the naive "moneymakers" (like this one with a $3 return) to ones with extreme sophistication.
The naivete here is that it only makes money if the market is rising long term. If it is falling over the long term then you'll get stuck with a bunch of losses.
The results it generates are no different than buying at random times and selling random bets at random times.
- 1996 7y agoI think you are mistaken- the bots is based on means reverting. Rising or failing will not work. Oscillations will work.
- hmate9 7y ago(It’s called “market making”) It doesn’t necessarily require long term trends to be profitable. It just requires the short term trend to be mean reverting, which is usually the case for markets. Of course, you need a little more sophistication, stop losses and parameter tuning before you can be confident of long term profitability.