In the development process of the financial sector, some practitioners have ventured into the cryptocurrency space after experiencing the operation of traditional financial systems. There are many differences and phenomena between the two that are worth discussing.
In terms of data acquisition, taking quantitative trading as an example, in the cryptocurrency space, it is quite common and tacitly accepted to provide currency data monitoring for semi-automated quantitative trading robots through public APIs like Binance or other data scraping methods. However, in the traditional financial domain, similar behaviors of acquiring exchange data might violate legal boundaries and face the risk of legal sanctions.
Regarding the market attitude towards quantitative trading, the cryptocurrency space generally shows a supportive trend, and trading platforms are not lacking in measures to support quantitative trading. In the public opinion environment of the cryptocurrency space, quantitative trading has not suffered large-scale resistance or criticism. However, once price fluctuations occur in the traditional financial market, quantitative trading often becomes the target of criticism and is not only not encouraged or supported but may also face accusations and suppression from various parties, with related actions even being deemed illegal.
From the perspective of asset circulation control, issuers in the cryptocurrency space have significant autonomy over the circulation of currencies. For instance, certain well-known figures or project parties hold large amounts of specific currencies, such as Elon Musk holding a significant amount of Dogecoin. Even if their holdings account for a very high proportion, this has not triggered strong negative public opinion or resistance in the cryptocurrency ecosystem. In contrast, in the traditional financial sector, the number of shares bought and sold by major shareholders is often subject to strict approval systems, and the market is extremely sensitive to any changes in circulation, where even slight fluctuations can trigger a series of chain reactions.
The long-term poor performance of traditional financial markets may be related to these factors. Although the cryptocurrency space has not received official recognition, domestic investors in this space also face many difficulties, including policy uncertainty and various challenges in capital inflow and outflow. However, the cryptocurrency space indeed has its own uniqueness and innovation in meeting users' diverse financial needs.
Of course, the issues of money laundering and other illegal activities that exist in the cryptocurrency space have always been difficult to resolve completely. However, this is more of a challenge that regulatory authorities need to address, and ordinary investors find it hard to fundamentally change the status quo.
Ultimately, whether in traditional finance or the cryptocurrency space, the core objective of trading is to achieve profit. For individual cryptocurrency trading, as long as operations are conducted within a legal and compliant framework, especially being cautious in critical aspects such as buying and selling U (USD), and not crossing legal boundaries, there are infinite profit possibilities in the market. Investors should actively explore profit opportunities while adhering to compliance standards under legal premises.