We Need to Change the Landscape of Crypto Trading Through “Algocratization”
Cryptocurrency trading has always been fundamentally different from traditional finance in lots of ways.
It’s more inclusive, easier to make big and quick gains, has lower barriers to entry, and doesn’t require huge startup costs.
Maybe these are the reasons why crypto has been so fiercely and constantly undermined by the elitist financial class ever since it’s been big enough to catch their attention.
Crypto represents a marketplace where you don’t have to be a millionaire to get started and achieve huge success.
This article tells the story of a man who started with an investment of just $3,000 and made enough money to retire and travel the world in enormous luxury forever.
This market has the potential to redefine the way we think about trading. But even so, it isn’t as equal as it could be. There are still many opportunities for the wealthy and well-connected to secure big advantages.
That means there’s still some work to be done. It’s important to preserve crypto’s values, make things fairer, and ensure that newcomers to crypto aren’t excluded because they don’t have enough money or influence.
First up, let’s take a look at why less established traders might be finding it harder to break into crypto.
Excluded from Tech by Tech
One of the biggest things preventing ordinary traders from having real success with crypto is algorithms. More specifically, how difficult good trading algorithms are to build and access.
In traditional, Wall Street finance, algorithms are a staple of the profession. They’re widely used by trading firms and those in the know because they bring massive advantages to the table.
Algorithms take care of the mundane, repetitive parts of trading, the bits humans can’t stand. They can monitor the markets constantly, buy or sell stock when the price reaches a certain point, and easily automate a lot of the necessary but monotonous elements of finance.
They also help reduce the risk of human error. People are famously prone to making big mistakes when it comes to trading. Fear, anxiety, and impulsivity can drive otherwise cool-headed traders to make disastrous blunders costing enormous sums of money. That doesn’t exist with AI.
And in cryptocurrency trading, algorithms are even more useful. That’s because the crypto markets operate on a 24/7 basis, meaning it’s literally impossible for a single human to monitor them effectively.
To make matters worse, cryptocurrencies are also notoriously volatile. Big crashes or staggering growth can happen pretty much overnight, and it’s easy for a person to miss out on danger and opportunity alike.
So for the beginner crypto trader, algorithms are a really important piece of the puzzle. Not having access to this technology puts you at a disadvantage from the offset.
So why isn’t every crypto trader using them? The answer is simple: cost. Unless you have the coding skill to put together your own algorithm, you’re forced to pay someone else to do it for you, and that kind of service doesn’t come cheap.
As always, it’s the wealthy and the well-connected that come out on top, while ordinary traders are left trailing and unable to make use of this valuable weapon.
In order to make crypto more accessible and allow anyone to have a good chance of success regardless of their wealth or status, we need to make algorithms much more easily available. The good news is that several companies are doing just that.
Algorithms for Everyone
Among the companies trying to make algorithms more accessible is Capitalise.
Through their platform where users can build their own algorithms affordably and easily without any coding knowledge required.
In the Algobuilder platform, users simply type instructions in plain English and the interface takes care of the rest. It even gives suggestions and guides users through popular steps to help build a typically effective algorithm.
If you manage to create a successful model, you’ll be able to share it with other users in the network. Capitalise even want to build a kind of social network, where traders will be able to help one another and draw on each other’s expertise.
Projects like this represent a more equal, community-minded approach to crypto trading, where users are encouraged to support each other. It’s a push towards a more inclusive crypto trading market, where participation isn’t restricted to wealthy and established traders.
VANCOUVER, British Columbia, May 14, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B:FF), a leader in logistics, artificial intelligence and digital payments, is very excited to announce that its wholly-owned subsidiary uBUCK Technologies SEZC …
VANCOUVER, British Columbia, May 13, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B:FF)(OTC:LLNKF), a leader in digital logistics and payment solutions, has announced that its wholly-owned subsidiary uBUCK Technologies SEZC (“uBUCK”) has signed a …
VANCOUVER, British Columbia, May 10, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B:FF) is excited to announce that, through its wholly-owned subsidiary uBUCK Technologies SEZC (“uBUCK”), it has entered into a strategic definitive agreement …
There have been many revolutionary ideas in technological history that have flopped throughout their history. Does Video 2000 tell you something? Apple’s Newton? Or the Ford Nucleon? Many technical inventions have spectacularly flopped even though …
For many, the first step into the world of cryptocurrencies is by way of an exchange, which is essentially a marketplace that allows users to both buy and sell various cryptocurrencies. In many ways, it’s …
From releasing more Coinbase exchange pairs to expanding its services to the United Kingdom, Coinbase has been busy this year. And to top it off, today, we’ve seen an integration of these two things. Today, …
Crypto trading can change people’s lives and their finances. However, this trading is not accepted worldwide. In Saudi Arabia, for instance, the trading of virtual currencies is illegal. We were reminded of that this past …
Crypto trading is popular. In fact, in 2018, that may be a bit of an understatement. Demographics across the board have started crypto trading, investing both time and money in the sector. Don’t get me …
Cryptocurrencies are subject to great debate nowadays. While some top business personalities around the world bill crypto-currencies as futuristic and sustainable, others are widely skeptical and compare them to a fragile bubble waiting to burst. …
Statements & Policies
Summary of Disclosures
By accessing CryptoCurrencyNews.com (hereinafter referred to as “this website”) you hereby affirmatively represent to Market Jar Media Inc. (“Market Jar”) that you have read and understood the entirety of the following statements and policies
If you do not agree to these Statements & Policies, you may not use the CryptoCurrencyNews.com website and affirmatively acknowledge that you have not used or viewed content on the CryptoCurrencyNews.com website
Market Jar is neither an investment advisor nor broker-dealer. The information presented on the CryptoCurrencyNews.com website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on CryptoCurrencyNews.com constitutes advice easeor a recommendation.
The opinions and analyses included in this website are based on factual information obtained from public filings and other sources deemed to be reliable and are provided “as is” in good faith. Market Jar makes no representation or warranty, expressed, implied or statutory, as to the accuracy or completeness of such information, which may be subject to change without notice.
Safe Harbor Statement
This website contains forward-looking statements applicable to future anticipated performance, growth, and plans of the companies on whose behalf we disseminate information. As such, any specific statement on this website that are not statements of factual history should be viewed as forward-looking statements. These forward-looking statements can be generally identified through phrases such as “possibly”, “anticipates”, “estimates”, “potentially”, “intends”, and other words of similar connotation. Statements in this website that speak to a company’s business intentions, objectives, strategies, and or intentions should also be viewed as forward-looking statements. All forward-looking statements are subject to uncertainties that could result in different outcomes than those described in forward-looking statements.
By accessing this website, you indicate your agreement to these Statements & Policies. You affirmatively represent that you have read and understood the entirety of the following Statements & Policies. We reserve the right, at our discretion, to change, modify, and add or delete portions of such Statements & Policies at any time.
The entire contents of this site are protected by worldwide copyright laws and treaty provisions. The contents of this website are for non-commercial individual reference only and may not be used for other purposes or otherwise copied, displayed, downloaded, distributed, modified, reproduced, republished or retransmitted without the express written consent of Market Jar.
Information subject to change
Information on this website is updated regularly by Market Jar without notice. However, the information is not intended to be complete and cover all matters and developments concerning the company and its activities and the company cannot guarantee either the currency or completeness of the information at all times and assumes no responsibility in this regard.
All stock quotes are delayed at least 15 minutes unless otherwise noted. All stock quotes or cryptocurrency price quotes (collectively “Quotes”) and historical price data are provided by a third party service provider and are provided for information purposes only and not for trading purposes. Market Jar makes no representation or warranty regarding the accuracy or completeness of any Quotes or historical price data and has not verified the adequacy, accuracy or completeness of the information provided on this website. We strongly recommend that you seek independent professional advice before investing in any companies, stock or cryptocurrency mentioned in the articles on the website.
Notice to investors
The information on this website is not intended as a solicitation for funds or an offering of securities and should not be construed or interpreted as such. The information on this website is not intended to modify, qualify, supplement or amend information disclosed under applicable securities legislation of the U.S. or Canada. No securities commission or other regulatory authority in either the U.S. or Canada has in any way passed upon the information on this website and Market Jar makes no representation or warranty to that effect.
Market Jar supports the use of social media, however any third party content posted through social media channels maintained by us should not be taken as an endorsement of such information. Links to websites and other resources operated by third parties (“Third Party Information”) other than Market Jar are provided solely as a convenience to the user. We do not control such Third Party Information and are not responsible and disclaim any liability for the content, products, services or information offered by any third parties. The inclusion of links to such Third Party Information on the page does not imply endorsement of any content, products or services offered, advertised, endorsed or promoted by any third party, or of any company or person. If you decide to access any Third Party Information or acquire any third party products or services, you do so entirely at your own risk, and you may be subject to the terms and conditions and the privacy policies imposed by such third parties. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there can be no assurance as to the accuracy or completeness of included information. Although believed to be reliable, management of Market Jar has not independently verified any of the data from third party sources.
Ownership and Interests
Cryptocurrencynews.com is owned by Market Jar. Market Jar, and its directors and officers do not own any of the cryptocurrencies or tokens mentioned in this article.
Amounts Paid To Market Jar Media Inc.
Market Jar Media Inc. has or expects to receive the following amounts indirectly from the issuer’s set forth below.
Sponsored Posts = $500 USD
Press Release = $500 USD
Amounts noted above were received or expected to be received directly from Market Jar Media Inc., which was directly engaged by the issuers set forth above.
Neither Market Jar nor its owners, members, officers, directors, partners, consultants, nor anyone involved in the publication of this website, is a registered investment advisor or broker-dealer or associated person with a registered investment advisor or broker-dealer and none of the foregoing make any recommendation that the purchase or sale of securities of any company or any cryptocurrency on the CryptoCurrencyNews.com website is suitable or advisable for any person or that an investment or transaction in such securities will be profitable. Therefore, information on this website is not intended to be, and shall not substitute, an offer to sell nor the solicitation of any offer to buy any security.
The opinions and analysis included in this website related to the profiled companies represent the personal and subjective views of the author of the articles, and are subject to change at any time without notice. The information provided in the articles on the website and the content has been obtained from sources which the authors believe to be reliable. However, the authors have not independently verified or otherwise investigated all such information. None of the authors, Market Jar, Market Jar Media Inc., or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The opinion, analysis, articles and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission, the Canadian security regulatory authorities, or any other regulatory authority before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment.
Information obtained from public filings and other sources are deemed reliable; however, Market Jar take no responsibility for verifying the accuracy of such information and makes no representation that such information is complete and correct. Market Jar makes no representation or guarantee that any forward-looking statements will prove to be accurate. Persons using the CryptoCurrencyNews.com website are encouraged to consult with independent financial advisors with respect to an investment in any company profiled in the website. Investors should therefore verify independently information provided in the CryptoCurrencyNews.com website by completing their due diligence on any company in which their clients are contemplating an investment. Such information to be reviewed could include the company’s annual reports, regulatory filings, and press releases on the sec.gov or www.sedar.com website or directly from the issuer.
The content published on this website is intended for and only to be used for reference purposes and is neither an offer nor a solicitation to purchase or sell any security or instrument or to participate in any particular trading strategy. No such information provided through the CryptoCurrencyNews.com website constitutes advice or a recommendation that any investment or trading strategy is suitable for any specific person. Users of this website agree that they are not using any content of this website in connection with an investment decision.
THERE CAN BE NO ASSURANCE THAT CONTENTS PUBLISHED ON CRYPTOCURRENCYNEWS.COM IS ACCURATE OR WITHOUT ERROR. ANY PERSON WHO MAKES USE OF SUCH CONTENT AFFIRMATIVELY ASSUMES ALL RISKS FROM USING THE CONTENT. CryptoCurrencyNews.com does not guarantee it reviews, and is not responsible for confirming the accuracy of information submitted for inclusion on this site. INVESTORS ARE STRONGLY ADVISED TO CONFIRM THE ACCURACY OF ANY INFORMATION OBTAINED FROM THIS SITE PRIOR TO MAKING ANY INVESTMENT DECISION.
OTC Risk Warnings
Because many securities traded Over-The-Counter (OTC) are relatively illiquid, or “thinly traded,” which tends to increase volatility in market prices, an investment in an OTC security involves a high degree of risk. These speculative and illiquid securities are often difficult for investors to buy or sell without significantly affecting the quoted price. It should be noted that the liquidation of a position in an OTC security may not even be possible within a reasonable period of time.
Dependable information regarding issuers of OTC securities, their prospects, or the risks associated with the business of any particular issuer or an investment in the issuer’s securities may not be available. For this reason, it may be difficult to properly value an investment in an OTC security or accurately determine the risks involved with investing in such a security. For more information about investing in microcap securities, please read the content on the SEC’s website, including the SEC’s investor publication titled “Microcap Stock: A Guide for Investors” available at https://www.sec.gov/investor/pubs/microcapstock.htm.
Issuers of OTC securities quoted on the OTC Link system are not required to provide any kind of information to investors. While many issuers register OTC securities with the Securities and Exchange Commission (SEC) and regularly provide reports to investors in connection with such registration, they are not required to continue such registration or regularly provide such reports because their securities are quoted on OTC Link. Securities may continue to be quoted on the OTC Link system if issuers are delinquent in their reporting obligation to the SEC or other federal or state regulatory agencies. Quotation of a security on the OTC Link system does not in itself create any ongoing filing or reporting obligations with the SEC for any issuer. In fact, issuers may not even be aware that their securities are quoted on the OTC Link system.
The information on this website has been prepared for information purposes only and does not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, ICO or related product, nor does it constitute an offer to provide investment advice or other related services by Market Jar Media Inc., or any of its principals, agents, owners, members or anyone else affiliated with the company, either expressly or indirectly. In preparing the information contained on this website, no individual financial or investment needs of the recipient have been taken into account nor is any financial or investment advice being offered. Any views expressed in on this website were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change and Market Jar is under no obligation to provide notice of such information or update such views.