A Quant Trader’s View on Bitcoin with Sam Trabucco - WBD384
Mr Obnoxious
Peter McCormack
4.8 • 2.7K Ratings
🗓️ 11 August 2021
⏱️ 65 minutes
🧾️ Download transcript
Summary
Location: Remotely
Date: Monday 9th August
Company: Alameda Research
Role: Co-CEO, Quant Trader
While the Bitcoin market has grown massively over the last few years, in comparison to traditional markets, it is still somewhat immature.
With a large number of inexperienced retail participants and derivative platforms offering huge leverage, just one tweet from an eccentric billionaire or a significant piece of news can cause huge volatility and cascading liquidations.
These periods of high volatility are when most traders look to profit. However, a quantitative trader approaches the market a little differently. Quant traders rely on data, algorithms and bots to execute billions of dollars in daily trading at incredibly high frequency.
So how does quant trading work in the Bitcoin market, and what impact do they have on the price action?
In this interview, I talk to Sam Trabucco, Co-CEO and Quant Trader at Alameda Research. We discuss the role of a market maker, sentiment & momentum in Bitcoin and if there is too much leverage in the system.
Transcript
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| 0:00.0 | Long term, yes, Bitcoin's price is moving. In general, it's moving up. |
| 0:05.0 | The short term moves where it like, oh, like, sometimes it goes up and up, like, up 20%, then down 20% of the next week. |
| 0:11.0 | Like, that's driven by the leverage I think more than anything |
| 0:14.8 | hello there from Bedford in the United Kingdom how are you all doing welcome to the |
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| 1:17.0 | Next up we have my friends a sports bet. I owe the very, very best place for online gaming |
| 1:22.0 | because they accept Bitcoin and with the Olympics over |
| 1:25.6 | our all eyes are back on football the Premier League kicks off this Friday I think is I think |
| 1:30.0 | Arsenal playing Brentford I think that's the opening game and then we have a |
| 1:33.4 | fall fixture list over the weekend. I cannot weigh. It's going to be great to |
... |
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