Quants ruined the stock-market, is Bitcoin next?
The stock-market used to be a beautiful exchange full of people who had a passion for economics and finance. Now it's just a game of mathematicians who control 90% of market volume, and don't even know how to read a balance sheet or evaluate what a CEOs role is. A HFT can crash the market in a matter of minutes just so they can make a lot of money despire running through retail traders' stop causing them to lose a lot of money.
Looks like the CME is going to get its dirty hands on BTC, will there will flash crashes on BTC now? More regulation?
Why can't quants go back to California, and work at Google?
EDIT: https://imgur.com/a/KkRrx It's always nice when quants are artificially increasing a securities price just to scalp it, then dump it. This is just a game of speed now. Isn't there something fundamentally wrong with buying a security, then getting it sold to you at a higher price because an algorithm saw your order miles ahead?
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