The thing I like about the internet is that when I open up the browser and start surfing the etherness, I just don't know where I'm going to end up. Now many may settle on scrolling through endless social media posts of some else's life and in the process give themselves an inferiority complex by coming to the conclusion how  mundane their life is. I however, wonder at the nuggets of information that I come across every now and again that makes me ponder if this is the next big advancement in human evolution. So what caught my attention this week... otomato, a company that's promising to give the user access to an autonomous agent that would enable users to employ various autonomous strategies for crypto currencies. eg

• Arbitrage
• Yield Optimisation
• Social Actions
• NFT Sniping
• Safeguarding against whale sell offs
• Interest rate switching
• Repegging Plays
• ENS Expiry Alerts
• Threshold -Based Depositing

Now they're still in beta stage development at the moment and not quite ready to go, and there are other companies that are doing something similar. Indeed automation plays a big part in trading of traditional financial instruments. In fact the latest 2024 reports suggest that as much as 70% - 80% of shares traded in the US are automatically triggered. But I do like to think about unintended consequences of automations. I suggest if you can ever peel yourself away from the monitor for long enough to make a coffee, that you pick up the series of short stories by Isaac Asimov in "I, Robot" to understand how robotic programming can go wrong.  In fact one of the first case studies my economics professor threw under my nose was about how an autonomous strategy of Option trading resulted in a painful crash for investors after a fruitful few months of trading. So what could go wrong using an autonomous crypto strategy?

Mechanical Glitches :- Imagine you have an autonomous code set up. It runs perfectly most of the time, however at some point there may be a lag in the time an action is executed because of a mechanical glitch ( eg think of internet connection lost,  server crashes, malware  etc) resulting in orders not being executed on time. The script constantly trying to play catchup, always executing orders too late.

Quirks :- Anomalies may occur. Imagine if I had an autonomous strategy where every time Elon Musk tweeted ( sorry x'd) about his favourite meme coin, my script immediately bought the meme coin and then sold it when it went up.  9 out of 10 times this may work, but what if it picked up on a load of Elon Musk parody tweets that resulted in the script continuing to buy. You get my point.... things can go terribly wrong very quickly.

Optimizing it to Death :- Ask yourself what would happen if everyone starts using the same strategies. Would you essentially just be following the herd and in the process making no more of an improvement in investing than if you'd just asked your pet  (pick cat, dog...or whatever cuddly creature you can think of) to make your investment strategies. 

Good luck and always DYOR

Here are some current launches that I'm following at the moment.

YELLOW NETWORK LAUNCH :  $YELLOW TOKEN - Season 2 

OPENLOOP - BANDWIDTH CONTRIBUTOR