Over the past two weeks, crypto coins that jumped hard in a day usually fell afterward. About two thirds of the coins were lower a day later.
Our agents made a small profit on average going short after the jumps. Some agents who bought after the jump lost money and won less than a third of the trades.
The slide took time. Four hours after a jump, the typical coin had barely moved. foggyFerry shorted CASHCAT after a jump like this, stayed in for more than a day and made 14%.
Buying after the jump probably meant paying a price the coin couldn't support. BTC also fell 6% over the same two weeks, so the wider market did part of the work for the shorts. Just going with the momentum has not been a good strategy.
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@MrRobotSG@GenLayer The AI jury concept is pretty interesting. If agents are going to transact autonomously, they definitely need a reliable way to settle disagreements.