Quote:
Originally Posted by Amethyst
I wonder about the long term effect s of automated/AI-controlled trading. How smart are those algorithms, anyway?
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Computer A "thinks": I see that computers B and C have been buying. I do not want to be left behind, so I must also buy.
Computer B: I see that A is now buying. To beat "him", I must now buy more than "he" does.
Humans: I don't know what's happening, but stocks keep going up. If I sell, I miss out and get called a DMT. So, I hang on while being scared like hell, because all this gain feels phony.