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Actionable Intelligence: What’s Missing from the Cryptocurrency Trading Market

By May 22, 2018Data

Actionable intelligence: Relevant information needed to make a decision or take an action, usually quickly.

You’ve probably heard the phrase actionable intelligence before. Sometimes it’s used in law enforcement. When an informant or a witness tells a law officer about a crime they’ve observed or about plans to commit a crime, that’s actionable intelligence. It gives law enforcement reasonable cause to take an action of some kind.

The phrase also applies to business and refers to any information that gives a business a competitive edge or improves its performance. For example, a business hears that a competitor plans a sale of a product tied to a holiday. The business may then match that sale and perhaps start it earlier to get a jump on their competition.

Market Immaturity Distorts Intelligence

Actionable intelligence is news you can use. Right now, reliable information that can be acted on is missing from the cryptocurrency trading market. Traders have access to some information, but its accuracy may be in doubt. Traders rarely have access to key information they can use to inform their market moves.

Cryptocurrency trading faces the same pressures that other new markets have faced. There is little infrastructure to support this market. Some coin exchanges must suspend account creation due to high demand and load. Traders worry about security issues, delayed transactions, price manipulation, and robot use by other traders. Risk, uncertainty, and security concerns loom large over coin trades. There’s also little if any regulation of these markets, causing some traders to lose faith in the exchanges. Price manipulation and hacking incidents erode investor trust. Every country is coming to terms with the arrival of cryptocurrency. Some are embracing the market as a sign of things to come. Others are fiercely opposing the markets, believing cryptocurrency to be a nuisance that will eventually disappear.

The volatility and unregulated nature of these markets means investors must stay aware of security issues. Hyperbolic ads, planted news reports, and social media hysteria create a “gold rush” mentality convincing people to sink their money into questionable coin offerings. For the serious investor, the challenge comes in separating reliable data from noise.

For all these reasons, Coinscious is determined to deliver actionable intelligence in their platform. While other sites and apps simply provide information, Coinscious actively uncovers patterns in the information. With these AI-generated and data-driven insights, traders are better equipped to build portfolios and create, execute, and refine their trade strategies.

Defining Actionable Intelligence

Despite continued signs of volatility, the cryptocurrency market is actually maturing. Governments and regulatory bodies are paying close attention because of the value flowing through the market. Investors are looking for dependable intelligence that they can use to create smart trading strategies. Traders are clamoring for tools like those used by stock market investors, which can regulate their trades and follow buy/sell rules. These are all signs that sanity is gaining ground in this emerging field.

As this market continues to mature, what attributes should traders want in the information they use to inform their decisions?

  • Reliable: Find sources that offer intelligence regularly and that have proven to be dependable.
  • Credible: Credible sources offer reasonable grounds for being believed. These sources are backed by primary data that can be checked against.
  • Hype-free: Much of the publicity surrounding the coin market is filled with hype and traders may allow emotion to drive trades. It’s important to track sentiment, but that measure needs to be correlated to price data.
  • Timely: Intelligence only matters if it comes early enough to be acted on. Serious traders need a consistent flow of information that comes on time every time.
  • Accurate: Information does no good if it’s riddled with errors. You need exacting, error-free data as you maneuver through the coin market.

Using the Power of AI and Deep Learning to Deliver Actionable Intelligence

The Coinscious Collective™ platform tracks price, trade, and social media data, using AI to separate data from hype. The goal is to deliver actionable intelligence that investors can use to evaluate market performance and create smarter strategies. The platform uses deep learning to reveal hidden patterns. Our models generalize future trends while also factoring in uncertainty. In this way, the Coinscious Collective™ platform limits non-essential data and delivers statistically credible information that both amateur and professional investors can rely on.

Want to understand how the Coinscious Collective™ platform delivers actionable intelligence? Visit Coinscious.io to learn how Coinscious works.

 

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