Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
NotLambchop
on 01/03/2015, 16:43:51 UTC

See my post above.  There may be "super-traders" that successfully play such complicated short-term trading strategies, and they may take money from less sophisticated traders; but, averaged over all traders, short-term trading will always be a losing game.

I'm curious what you think of poker and how it compares to the argument you are making.

Poker where the house [exchange] takes a cut [rake; playing trading fee] is a net-negative game.  Should be self-evident--the money in the game comes only from the players, and the house takes a cut.