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Out of curiosity, is it possible to see everyone's bets and positions in real time? Or is the info only available later? I'm guessing that bots predicting ins
by aleksiy123 8mo ago
Out of curiosity, is it possible to see everyone's bets and positions in real time?
Or is the info only available later?
I'm guessing that bots predicting insiders and copying positions is already a thing.
- SamPatt 8mo agoYou can see when they buy or sell a position. It's on the blockchain so it's all public. And yes, copying positions is called copy-trading and it's extremely popular. Orders aren't public though. Only the actual trades. This is important because by the time the trade is known by others very often the edge is gone. Especially if you have other people watching the same trader and they all try to copy the trade at the same time.
- swingboy 8mo agoIf it takes so long for the actual trades to show up then why is copy-trading popular?
- 0x3f 8mo agoNot all strategies are low-latency, so you can copy trade someone with a buy and hold approach. For example someone you think is an insider or whale who might influence the outcome.
- nubg 8mo agoCould the "trend-setter" not just buy, sell, buy, sell and own everybody who moves after him?
- SamPatt 8mo agoYes. This is why copy-trading often fails.