Just how random is the current cryptocurrency dip? Does randomness exit?
So I had an interesting discussion with someone about randomness. My point was that there is no such thing as randomness, or atleast, conditions would have to be absolutely perfect for it to occur. Our inability to understand the complexities behind phenomena that we presume to be random cannot be mistaken for the plausibility for such a concept to exist. In other words if we cannot predict something, that doesn't mean that it is random, it just means that we can't explain it. I recently read (see references) that the decay of atoms are random, and this point was used by the other person in my discussion as proof that randomness exists. Upon further research, I discovered that there may be factors, or internal forces, that influence the decay of atoms, we are just not aware of them. Albert Einstein also did not believe in randomness.
This is from an article on randomness: "On the BBC Radio broadcast, professor Colva Roney-Dougal of the University of St. Andrews says, “I can never prove that a sequence is random, I can only prove that it looks random and smells random.” Only if something is proven to be random, it will be random to me.
Ok, so there are arguments for or against my argument. I have just stated some backing to my point.
As for the relevance of this to this post to the crypto market, there are many factors that determine the crypto market. Economies, merges, forks, tax, countries compliance, chinese new year etc. These factors are far from random. If you had eyes and ears to know what is going on everywhere, then you can predict what is going to happen with the crypto market. Unfortunately we can't, however, we have a pretty good idea of what has happened and what is happening in the world, using mathematics we can make educated guesses. To us it is random because of our limited knowledge, however, the crypto market is not random. The market does not just go up or down "just because" (in saying this, glitches can also cause spikes or dips, but it is due to various, non random factors).
Yes there is currently a "dip", but this is not the first time. If trends continue as they have been, after a dip, comes a rise. Crypto is not left to fate, rather, it is virtuality influenced by reality. Both dips and rises can be exloited to be profitable.
References
https://www.physicsforums.com/threads/does-random-exist.246043/
http://www.askamathematician.com/2009/12/q-do-physicists-really-believe-in-true-randomness/
https://philosophy.stackexchange.com/questions/29364/does-true-randomness-actually-exist
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