How Crowdsense Empowers Crypto Investors with Early Intelligence
Updated: Jul 26, 2021
When it comes to investing, any sort of investing, timing is of the utmost essence. Investors are constantly on the lookout for a brand new asset or a fresh piece of information that can give them the edge over the rest of the market. Since the introduction of automated trading bots into the world of finance, even a few milliseconds can make the difference between a failed trade and outperformance reduce the time difference between winners and losers. Furthermore, cryptocurrencies have given rise to 24/7 markets which make the role of round-the-clock intelligence even more important.
We’re All Flash Boys
Six years ago, popular business author Michael Lewis released his smash hit book “Flash Boys” which covered the exciting world of high-frequency trading. In the book, Lewis details the length to which Wall Street firms would go in order to make their trades ahead of the rest of the market. One company even cut through mountains to lay a fiber optic cable from Chicago to New Jersey just to gain an advantage of a few milliseconds.
If early detection is important for stock trading, where about 80% of all activity is automated, it is absolutely crucial when it comes to cryptocurrencies. Flash boys came out six years ago, right around the time when Bitcoin was barely 6 years old and Ethereum was taking its first steps. Since then, the exponential rise in automated trading tools and bots has further accelerated the pace of modern markets. By leveraging Crowdsense’s early intelligence software, traders and investors can boost their capabilities as they navigate the lightning-quick markets in both crypto and beyond.