MIT Bitcoin Trading Simulation Yields Profit of 89% in 50 Days

Trading bitcoin profitably remains more of an art than an exact science.

On any given day, Reddit is awash with theories explaining bitcoin price movements, ranging from exotic technical indicators to the machinations of FUD (fear, uncertainty and doubt) peddlers.

That may change, however, with a new paper that claims to have devised a trading strategy that can produce an 89% return in less than two months.

The authors, Massachusetts Institute of Technology associate professor Devavrat Shah and computer science student Kang Zhang, collected data from OKCoin, the world’s largest exchange by trading volume, from February to July.

via MIT Bitcoin Trading Simulation Yields Profit of 89% in 50 Days.

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