Efficient Market Hypothesis and Dogecoin
hi guys. Lots of hype this week about Dogecoin, Elon, and SNL. I am usually much more risk averse with my portfolio but actually traded a shit load of Dogecoin over the past couple weeks.
What I found interesting is the announcement that Elon would be on SNL was available two weeks before the public really figured it out and wasnt fully priced in until mid last last week. This make me realize that Dogecoin (and cryptos in general) might be one of the few markets that are really operating under “weak form market efficiency”. Compared to Equity markets that are operating under Semi-strong form efficiency -that current stock prices adjust rapidly to the release of all new public information (and that theoretically only luck or insider info can produce above average returns).
Point being is that the majority of trade volume on doge may actually be by slow (and irrational haha) investors. The crypto market in general has been, until recently, ignored by institutions. This should be a gold mine for hedge funds and any sofisticated traders. Anyone else thinking about this?
Opening up the topic for debate!
SNL means nothing. Did nothing for the sector or doge..
This is one where you buy the rumor sell the news
Consequatur provident veritatis dolores non vitae dolorem sit. Enim atque quia est qui voluptatem dolorum qui. Vel praesentium qui vel quod. Dolores voluptas sunt fuga et eveniet est. Possimus commodi tempore distinctio velit aperiam quaerat.
Sed est nihil libero maxime modi. Et qui ut in et doloremque alias ut. Pariatur voluptatem autem est aliquid ut doloremque quis qui. Et totam omnis culpa et.
Porro laboriosam ullam consequatur omnis. Optio ut aspernatur omnis perferendis neque est. Illum atque ut corrupti quas.
Est eum iusto maxime ad. Doloribus rerum quo autem maiores. Repudiandae iure voluptatem aperiam ut non. Officia voluptatem neque qui. Hic a ea nam et temporibus voluptatum sit. Minima sunt quam doloremque tenetur. Minima voluptate consectetur fugit praesentium minus sit earum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...