The Bitcoin Game 28 - Would You Trust A Bitcoin Trading Bot? - a podcast by Rob Mitchell
from 2015-10-22T20:43:11
Hello, welcome to episode 28 of The Bitcoin Game. I'm Rob Mitchell.
When I scheduled an interview with CoinCube CEO Robert Allen, I felt pretty skeptical. My gut told me a cloud-based Bitcoin-trading-bot would be something like a cloud-mining Ponzi-scheme on steroids. I wondered, would this interview be my first exposé? Would my "gotcha" questions be too difficult for Robert to field? Listen to find out!
7/19/16 UPDATE: For the sake of being informative, the gains in my CoinCube-traded account to date are about 50% of the gains had I simply bought and hold Bitcoin in this account. CoinCube's Wave algorithm attempts to avoid bear markets by selling BTC, but my sense is it frequently misses price spikes this way. So, this first experimentation with a Bitcoin trading bot has been a disappontment so far. Of course, past performance is never a guarantee of future results (or everyone would be rich).
MAGIC WORD
Stay tuned for the magic word in this episode, and submit it to your LTB Network account to claim a share of this week's distribution of LTBCoin. Listeners have one week from the release date to claim the magic word credit. The magic word for this episode must be submitted by 3:00 p.m. Pacific time on October 29, 2015.
SPONSOR
While much of Bitcoiners' time is spent in the world of digital assets, sometimes it's nice to own a physical representation of the virtual things you care about. For just the price of a cup of coffee or two (at Starbucks), you can own your own Classic Bitcoin Keychain or the new Bitcoin Fork Pen.
http://bkeychain.com
http://bitcoinforks.com
SHOW LINKS
CoinCube
http://coincube.io
CoinCube Performance History Chart
https://coincube.io/performance
Gold Rehypothecation (article)
http://www.zerohedge.com/news/2015-04-24/rehypothecation-gold-and-why-it-matters
Naked Shorting (Naked Short Selling)
https://en.wikipedia.org/wiki/Naked_short_selling
Trend Following
https://en.wikipedia.org/wiki/Trend_following
Moving Average
https://en.wikipedia.org/wiki/Moving_average
Whipsaw Effect
http://www.investopedia.com/terms/w/whipsaw.asp
Efficient-Market Hypothesis
https://en.wikipedia.org/wiki/Efficient-market_hypothesis
Edward Thorp
https://en.wikipedia.org/wiki/Edward_O._Thorp
Market Maker
https://en.wikipedia.org/wiki/Market_maker
Fooled By Randomness, by Nassim Nicholas Taleb
http://amzn.to/1Mc9suV
Monte Carlo Simulator
https://en.wikipedia.org/wiki/Monte_Carlo_method
MUSIC
All the music in this episode of The Bitcoin Game was created by me! If you're curious, the music was created in GarageBand (by Apple), Animoog (by Moog Music), and Figure (by Propellerhead). Please contact me if you'd like more info about any music you hear on the podcast.
STAY IN TOUCH
https://Twitter.com/TheBTCGame
http://TheBitcoinGame.com
Rob@TheBitcoinGame.com
Thanks for listening!
Bitcoin tip address: 1G8HDg5EsPQpamKYS2bDya9Riv9xv1nVo5
The Bitcoin Game box art was created from an illustration by Rock Barcellos.
Further episodes of The Bitcoin Game
Further podcasts by Rob Mitchell
Website of Rob Mitchell