Why is Bitcoin crypto currency not part of your portfolio? Hits new records
From someone on my newsletter sent this. The questions is why Bitcoin is not part of your portfolio mix? it has been hitting new records all the time this year
One instrument that we should consider in our portfolio is cryptocurrency. Most of the big exchanges have API’s, so the more brave and tech of us can automate as needed.
This article discusses the problems and profit potential of HFT, half of which is “front-running”. There is a new distributed system, where there will be a level playing field, no fees, less ability to game the system with physical hardware at the exchange, which obviously cuts out almost everyone else. This is a really interesting exchange. Your “wallet” or account is kept in “cold storage”, i.e., on your computer. So it is much safer than in someone else’s hands. There is a matching system which matches buy/sell orders, and no broker scooping up fees in between. There is an open order book. This sounds almost too good to be true. What got my attention is that it is founded by Dr. Olsen, who started a little currency exchange called OandA. Anyway, here is the article…
About the founder…
Dr. Richard Olsen holds a Licentiate in Law from the University of Zurich (1979), a Masters in Economics from Oxford University (1980) and a Ph.D. from the University of Zurich (1981). He worked in banking as a researcher and foreign-exchange dealer before founding Olsen and Associates in 1985. This consulting company brought served clients in the microstructure of market exchanges, trader behavior, and high-frequency trading. His company, under the name of Olsen Data, continues to sell high-frequency data sets and advise clients. He is a visiting professor at the Centre for Computational Finance and Economic Agents at the University of Essex and a start-up mentor to Swiss start-ups. In the early 2000s, Olsen and his partner founded OANDA, now one of the premier foreign-exchange platforms. This small start-up took FX trading from professional terminals to people’s browsers, giving them access to the high-frequency, low-spread world of FX trading previously unavailable to all but the largest firms. OANDA now has licenses in dozens of countries and employs almost 300 people. In these years, Olsen created many innovations for the FX industry.
On Sun, May 7, 2017 at 7:11 AM, quantlabsnet <firstname.lastname@example.org> wrote:
Sure. The casino is the house that controls the output. Markets are random so it sort if makes sense. Does this philopsphy work as to what is presented in this video?
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Lastly and finally as before Monday hit so I extended this until today as requested by a few people.