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Society is Artificial Due to Feedback Loops Created by Unwitting Marketers
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[QUOTE="vale-aroma, post: 11583, member: 2460"] This notion of the market as a clockwork of interlinked algorithms, this has been proven countless times. If you have access to more professional tools in traditional markets or if you're using certain crypto brokers, you can see there's huge spikes in the order books, huge spikes of limit orders deep on the bid or ask side, which automatically trigger as the price naturally drifts, shifting it when that occurs. Even more dramatically, you can see crashes happen through this sort of mechanism. In 1987, the stock market had a large move downwards due to a cascading set of fail-safe orders - every large player had put an order in at varying levels - "sell when it drops X%", which created a feedback loop of selling. In 2010 there was a momentary spike (image) due to cascading sell orders in automated trading systems. If you want to feel truly paranoid, think to yourself, who is your trading partner when you place an order with your broker? Especially if you're using a retail broker like Robinhood, it's usually a computer running a market-making algorithm on the other side of the trade - in other words, the entire order book like an MMO - you're just a client playing a game on their server. [ATTACH type="full"]5649[/ATTACH] [/QUOTE]
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Current Events, Philosophy, & Paranormal.
Esoteric
Society is Artificial Due to Feedback Loops Created by Unwitting Marketers
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