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In 2013, my freshman year of college, I stumbled upon coinbase when a friend of mine was bragging about the return he made from holding bitcoin. The concept of cryptocurrencies let alone investing was foreign to me at the time, but I foolishly bought in not knowing what I was doing. When I started studying computer science a few years ago, I began trying to understand the underlying blockchain technology and why so many were considering it to be revolutionary. Aside from the theory behind it, I was curious how these cryptos were being traded and how to manage my own portfolio. Knowing the space is still incredibly immature and susceptible to manipulation, I wanted to attempt to draw correlations between unconventional data and price movement. I was very curious as to what “alternative data” I could use in a trading strategy. For my project, I wanted to backtest a strategy using a combination of the following:
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