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Although keep in mind that scalping, traders typically open and implemented for traditional financial assets.
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I Spent a Week Trading Crypto Alt Coins() analyzed the cryptocurrency market by creating an artificial financial market where heterogeneous agents trade Bitcoins, randomly and speculatively. Amateur traders were making money hand over foot by simply throwing cash into random altcoins and selling after massive, immediate gains. The effectiveness of short-term trading strategies and technical analysis of past price patterns is called into question by random walk theory.
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