It’s just the second month of 2019, yet so much has happened already in the world of blockchain and cryptocurrencies. Indeed, this year was much anticipated for several reasons: One, it marks the fiftieth birthday of the internet. Secondly, Bitcoin is in it’s tenth year. Thirdly, it is believed that this is that year when artificial intelligence will be largely adopted by the masses. We have seen specialized AI in every aspect of our lives from medicine and transportation to how electricity is distributed and it promises to create a vastly more productive and efficient economy.
Several steps have already been taken towards integrating AI into our economic system, one of which is the creation of cryptocurrency trade automation project called SatoshiMars. SatoshiMars happens to be an artificial intelligence robot which uses a prediction algorithm of cryptocurrencies price trends to perform automatic trade on Bitmex exchange. It is part of the ICOFY project.
As mentioned above, SatoshiMars performs automated exchanges on Bitmex exchange. Bitmex is a peer-to-peer trading platform that offers leveraged contracts that are bought and sold in Bitcoin. It only handles Bitcoin, all its profits and losses are in Bitcoin, even if you are buying and selling altcoin contracts. Bitmex does not handle fiat currency lastly it allows trading with a high amount of leverage.
So how exactly does SatoshiMars work?
SatoshiMars like any other AI learning technology is unique in how it works. The trader can tell it what to do, from analyzing to predicting the crypto market trends. The technology processes data that it is given at unparalleled speeds, modifying its own algorithms that better provide the desired result. It becomes a magical black box, providing far greater value than any other tools out there. Combine this technology with the best strategies for minimizing returns in crypto trading portfolios and you’ve got an incredible tool on your hands.
SatoshiMars A.I. bot would take on a stacked ensemble machine learning type of framework through specifically utilizing similar models emulating the same framework that is working quite well in the equity markets for years. Basically, SatoshiMars uses transaction data, sentiment analysis of news and historical cryptocurrencies price data to execute a trade. The algorithm is based on long short term memory neural network for time series and other deep learning methods for sentiment analysis on news for cryptocurrencies.
While humans make decisions based on emotion and bias, machines never encounter these limitations. Renaissance Technologies Medallion Fund, for example, is an example of an organization that is reliant of AI for trading decisions and even during a financial crisis, such organizations still give very high returns. AI-based automated trading has risen to prominence because of the results it has delivered. A huge part of its success is that it is not limited to by human emotions. AI trading technologies can be preprogrammed with entry and exit conditions for traders and then reprogrammed if something doesn’t go as planned, reprogramming human is not as easy.
AI is completely unaffected by bias and emotion, making it the perfect technology through which investors can improve their skills. The main trend in this area is undoubtedly further democratization and distribution of AI technologies. Currently, SatoshiMars is working towards integrating with other exchanges. Join the revolution as a pioneer to help mobilize other traders and create the future of cryptocurrency trading automation.