It's hard to digest for some newbies all the stuff NaPoleonX is doing. It would be nice if team do some video presentation on it or some AMA.
It is simply employing computer Algorithm to be making trading decisions for you,
at the rate at which crypto space is maturing, it will be very hard for traders to make profit unless you are employing Algos
Exactly, in the future it will be more like normal markets where a bot is way more effective. Thats why i'm investing in several similar projects to NaPoleonX that employ bots/algo trading, that really is the future. NaPoleonX has a nice broad offering with different risk/rewards because it's not only investing in Crypto. This way you can diversity your portfolio, not putting all your eggs in one basked. And we can get in now, unlike normal hedge funds where you need to invest a minimum of several million usually.
Well if a majority of traders use the same bot, in theory it could become less effective, because everybody would do the same choices no ?
Even use the same bot, people will have different setting and it should be vary from one person to another. Bot can be usefull for people who has less time in front of their gadgets and there are still plenty of advantages can be gained from bot.
different setting, different market, different pair, it will make different execution.
look forex bot, same market, pair, and bot, but different results.
There is almost an infinite possible combination between traded asset, market signal type, trading horizon .... It will be difficult for any 2 algos to be very similar. That is why it is so exciting to be in this competition and that it will be very discriminating in the long run. Only the strongest will prevail.
