Bitcoin and Crypto Talk (Merged)(includes NFT)

superchuck500 said

Holy ****

https://blog.patricktriest.com/analyzing-cryptocurrencies-python/

This is something that apparently isn’t that crazy to do as a hobbyist, think about what kind of analytics are being deployed to this market. With massive human participation in a fluid, liquid, market in asset with no direct connection to any tangible or regional interest? It’s perfect for algorithms that aim to predict moves or find correlations in other currencies based on the move of one.

It’s all so SciFi. Institutional money has no business in crypto - that’s reckless.

Click to expand...

Man that's scary.

Like you said, institutional money should stay far clear of this. One thing goes wrong and it could all be wiped out.

This reminds me of when all the states were printing their own money prior to the US centralizing currency production and regulation.

Shortly after all those national bank notes became obsolete and worthless.

The general public still has no idea how how Bitcoin or any others work. They just hear a name on the news.. Hell I bet if you did a man on the street, most people would think Bitcoin was an actual physical coin.