Machine Learning / AI for investing in Cryptocurrencies?
Consensus 2018 was supposed to be a week that generated price support for cryptocurrencies, yet the market has been declining since hitting a peak on May 5th. The total market cap for cryptocurrencies reached ~USD470bn on May 5th and has declined by 30% to ~USD329bn. Bitcoin traded as high as ~USD$9,930 on May 5th and currently trades at ~USD$7,520. News sentiment has been quite positive with many notable developments including: Bitcoin’s lightning network obtaining 2,000 nodes, eToro expanding to the US, and the ability for users to monetize their data using blockchain technology.
Perhaps it may be best for investors to diversify their Crytpo exposure by minimizing tail risk and optimizing for low volatility in this type of environment. For traders, it may be better to have signals based on machine learning & AI rather than technical analysis to make Buy or Sell decisions for short term trading opportunities.
Perhaps it may be best for investors to diversify their Crytpo exposure by minimizing tail risk and optimizing for low volatility in this type of environment. For traders, it may be better to have signals based on machine learning & AI rather than technical analysis to make Buy or Sell decisions for short term trading opportunities.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.