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The paper states that the strategy was simulated with live data and makes no mention of slippage. I've never traded bitcoin so I'm not sure how difficult it is
by jacobwcarlson 12y ago
The paper states that the strategy was simulated with live data and makes no mention of slippage. I've never traded bitcoin so I'm not sure how difficult it is to get fills, but that along with spreads are non-trivial components of real trading.
- dnautics 12y agoit would have been better if they set up an wallet and put bitcoin in it and demonstrated the trades that were automatically executed by this wallet. Since bitcoin is a ledger history, we could be 100% certain that SOME algorithm 'did the right thing', although we couldn't be certain that they spun up more than one algorithm and then just showed us the best one.
- ne0n 12y ago...That's not how Bitcoin trading works. In order to trade, your bitcoins need to be deposited into an exchange. Trades are not recorded on bitcoin's public ledger because there isn't a transaction for every trade. Bitcoin cannot currently handle that many transactions.
- gnaritas 12y agoTrading doesn't happen on the blockchain, it's far too slow.