I have limited knowledge about trading cryptocurrency, so obviously I need to educate myself about that first (feel free to suggest some resources). I do have a strong CS background thus specifically I'm looking for advice/resources that could show me how to utilize my CS knowledge in cryptocurrency trading.
Ask HN: What is a good way to get into trading cryptocurrency as a developer?
1–10 of 18 posts
Re: Ask HN: What is a good way to get into trading cryptocurrency as a developer?
#2I'm not too sure that CS knowledge would be that applicable (for trading) at least. Trading cryptocurrency for profit is speculation - essentially the same as trading a stock on the stock market. Unless you're working in HFT or trying to build out an algo to trade for you, besides some basic math skills, I can't see how CS knowledge would apply.
Re: Ask HN: What is a good way to get into trading cryptocurrency as a developer?
#3Start with this
Re: Ask HN: What is a good way to get into trading cryptocurrency as a developer?
#41. Go to bank.
2. Withdraw large pile of cash.
3. Put it in a metal garbage can, away from any flammable materials.
4. Light the cash on fire.
This will get you to the same destination, only much faster.
Re: Ask HN: What is a good way to get into trading cryptocurrency as a developer?
#5The top comment in this thread is very informative:
https://www.reddit.com/r/BitcoinMarkets/comments/1rhtv1/eli5...
The "pump & dump" dynamic is extremely important in cryptotrading.
Re: Ask HN: What is a good way to get into trading cryptocurrency as a developer?
#6I'm assuming you're talking about algorithmic cryptotrading here since you'd like to utilize your CS skills. No need to inform you that trading by bots is extremely risky, i'm sure you already know it.
Well here you go:
Grab some foreknowledge of cryptocurriencies from https://github.com/Xel/Blockchain-stuff.
Sound knowledge of Quant,Stats and Economics in general. Also grab the Black Swan by Nassim Taleb if you can.
Learn a bit of technical analysis: Familiarize yourself with indicators
You'd need to spend some time on exchanges that have APIs, play around with the system a bit.
Learn about what kind of trading is allowed and what types of orders you can make.
Trade by hand just to get a feel of what trading is like. Some exchanges have demo trading in built when you sign up. Play around until you're comfortable
Find the trading strategy you're comfortable and begin to automate it.
Be prepared to lose lots of money!!!
Also join telegram chats of the various cryptogroups. Their analysis is so spot on, it sometimes feels like insider trading. Good luck
Re: Ask HN: What is a good way to get into trading cryptocurrency as a developer?
#7I'm not too sure that CS knowledge would be that applicable (for trading) at least. Trading cryptocurrency for profit is speculation - essentially the same as trading a stock on the stock market. Unless you're working in HFT or trying to build out an algo to trade for you, besides some basic math skills, I can't see how CS knowledge would apply.
Trading stock is not pure profit speculation, there are a number of alternative strategies including for example statistical arbitrage. Much of this requires simple statistics understanding for the basics, and a Phd to be particularly useful.
Re: Ask HN: What is a good way to get into trading cryptocurrency as a developer?
#81. Go to bank. 2. Withdraw large pile of cash. 3. Put it in a metal garbage can, away from any flammable materials. 4. Light the cash on fire. This will get you to the same destination, only much faster.
Why? If cryptocurrencies have value, the value will likely increase in the future. So why not buy?
Re: Ask HN: What is a good way to get into trading cryptocurrency as a developer?
#9I'm assuming you're talking about algorithmic cryptotrading here since you'd like to utilize your CS skills. No need to inform you that trading by bots is extremely risky, i'm sure you already know it. Well here you go: Grab some foreknowledge of cryptocurriencies from https://github.com/Xel/Blockchain-stuff . Sound knowledge of Quant,Stats and Economics in general . Also grab the Black Swan by Nassim Taleb if you ca…
Can you suggest some good telegram chats?
Re: Ask HN: What is a good way to get into trading cryptocurrency as a developer?
#101. Go to bank. 2. Withdraw large pile of cash. 3. Put it in a metal garbage can, away from any flammable materials. 4. Light the cash on fire. This will get you to the same destination, only much faster.
Why? If cryptocurrencies have value, the value will likely increase in the future. So why not buy?
> If cryptocurrencies have value, the value will likely increase in the future.
That's not axiomatic. You really want to do more to prove this is indeed the case.