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While I appreciate the amount of work that went into this article, there are at least 50-100 potential current "news" stories in the crypto space at any given t
by lend000 5y ago
While I appreciate the amount of work that went into this article, there are at least 50-100 potential current "news" stories in the crypto space at any given time. It's easy to find one that correlates with price movements after the fact, but more or less impossible to do so with forward testing. Virtually no successful crypto trading firms are using real time news data as a centerpiece of their trading, because news has almost no impact (contrary to popular belief and the assertions of this article), especially compared to equities. Elon Musk's tweets, which ostensibly should matter least for fundamental value, are probably the biggest drivers of capital, albeit only in the short term. See [0].
And then the part about "suspicious" orders on the book before the liquidation cascade. Come on. Amateur crypto traders are reinventing religion, where mysterious unknown "whales" are the gods, pulling all the strings.
[0] https://en.wikipedia.org/wiki/Data_dredging https://en.wikipedia.org/wiki/Data_dredging
- setr 5y ago> And then the part about "suspicious" orders on the book before the liquidation cascade. Come on. Amateur crypto traders and outsiders are reinventing religion, where mysterious unknown "whales" are the gods, pulling all the strings. Sounds like something a whale would say…