I co-hosted an AMA on algorithmic crypto trading, here’s what I learned

Reddit — do you know the place? They say doing an AMA on Reddit is like a hug of death. People will either love or hate what you have to say, but either way, you’ll drown in the inevitable flood of questions.

I co-hosted an AMA on Reddit’s most popular Cryptocurrency subreddit, yesterday along with the rest of the AESIR Team in order to discuss Algorithmic Trading and celebrate our Open Beta release by giving away free premium passes to our algo trading web app available by signing up.

Here are the most important topics of discussion in Algorithmic Trading, according to the AMA:

1# The sentiment around algo trading platforms is generally positive

Usually, when it comes to algorithmic trading, the sentiment tends to be sceptical at best. Algorithmic cryptocurrency trading has gained controversial rep due to popular scams and Ponzi schemes such as Bitconnect. The narrative such scams usually follow is that they are generating passive income with no intervention, knowledge or setup required. Simply deposit your hard earned money, and let this “trading automation” do its job. Something like this definitely sounds too good to be true and it most certainly is. However, this hasn’t stopped people from getting scammed, thus raising scepticism around any…