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RE: Interesting "Flash Crash" Buy Order Almost filled.
comment section literally explains why wealth is distributed the way it is. Flash crashes are highly frequent. The operational risk of having money on an exchange can be reduced by having money on a decentralized exchange and by splitting the positions. With asymmetric payoffs in non-ergodic games, it's enough to have small positions like kelly criterion based position sizes.
Tell me more about real dex if there are any
Also people who have experience in code will probably have some nice flash-crash-liquidity-bots
I dont think it's easy for the masses
Nothing is easy for the masses. But why? They don't want to use their brain and instead expect things to be done for them. This is why governments and also shadow governments like elites have an easy play (they really work hard and smart to stay in power or to accumulate money)
Bitshares is the only dex I consider as decentralized enough.
PS. when you make an automatic buy order at level x it is programming. You can make it move, etc.
We have the luck that programming skills cant predict market movements either, so there is not much predictive advantage in trading bots, they just scale your abilities (high-frequency trading).
Not really fair bro. Half of people have an IQ in the double digits, after all.
this is exactly what I thought before making the statement :D But then I remembered to all those "double-digit" goys and görls and how they use new technologies like bosses. Even small kids. People who can install pc games and use photoshop for Instagram can set up a trade. They are digital-natives, but there is just no need for them, nor do they care. - I must admit that Im often lazy too ^^
There's a pretty significant difference between posting pics that make you look like a catgirl in Insta, and being confident you are competent to invest a paycheck in cryptocurrency. Not saying that they couldn't click the right buttons, just that getting there is a whole nuther order of intelligence.