Sebastian Raffaele
👤 PersonAppearances Over Time
Podcast Appearances
Our product development has always essentially been throwing live money into the market. We've funded everything ourselves from day one. We've never had a dollar of outside investment. We would start reprocessing that strategy on previously old Bitcoin data to see how it would perform in past markets. And what it would show us was these amazing, crazy results.
Our product development has always essentially been throwing live money into the market. We've funded everything ourselves from day one. We've never had a dollar of outside investment. We would start reprocessing that strategy on previously old Bitcoin data to see how it would perform in past markets. And what it would show us was these amazing, crazy results.
Our product development has always essentially been throwing live money into the market. We've funded everything ourselves from day one. We've never had a dollar of outside investment. We would start reprocessing that strategy on previously old Bitcoin data to see how it would perform in past markets. And what it would show us was these amazing, crazy results.
And back then we were like, wow, we figured it out. This is it. Let's go live. We threw a few thousand dollars on it and see what it would do. And essentially, it lost all the money. So we were very humbled very quickly. My name is Sebastian Raffaeli. I'm the co-founder of Minotaur Trading Systems and the chief technology officer.
And back then we were like, wow, we figured it out. This is it. Let's go live. We threw a few thousand dollars on it and see what it would do. And essentially, it lost all the money. So we were very humbled very quickly. My name is Sebastian Raffaeli. I'm the co-founder of Minotaur Trading Systems and the chief technology officer.
And back then we were like, wow, we figured it out. This is it. Let's go live. We threw a few thousand dollars on it and see what it would do. And essentially, it lost all the money. So we were very humbled very quickly. My name is Sebastian Raffaeli. I'm the co-founder of Minotaur Trading Systems and the chief technology officer.
Minotaur is essentially an on-ramp for people who are looking to get consistency out of cryptocurrency markets when it comes to trading. Now, I conceptualized this idea 2015, 2016, only a couple years after I actually got into the space. I had the idea in my head, but I really wasn't certain how I was going to do it.
Minotaur is essentially an on-ramp for people who are looking to get consistency out of cryptocurrency markets when it comes to trading. Now, I conceptualized this idea 2015, 2016, only a couple years after I actually got into the space. I had the idea in my head, but I really wasn't certain how I was going to do it.
Minotaur is essentially an on-ramp for people who are looking to get consistency out of cryptocurrency markets when it comes to trading. Now, I conceptualized this idea 2015, 2016, only a couple years after I actually got into the space. I had the idea in my head, but I really wasn't certain how I was going to do it.
So I had to build out a number of skills to be able to start to develop algorithms, which is something I was really excited about. But the big thing was mainly getting an understanding of how a manual trader will go into the market and try and trade.
So I had to build out a number of skills to be able to start to develop algorithms, which is something I was really excited about. But the big thing was mainly getting an understanding of how a manual trader will go into the market and try and trade.
So I had to build out a number of skills to be able to start to develop algorithms, which is something I was really excited about. But the big thing was mainly getting an understanding of how a manual trader will go into the market and try and trade.
Now, the things I realized when I did try to manually trade, one was that it's extremely difficult to do it and stay consistent for long periods of time. When your equities come from the environment I have, it's an overwhelming thing because it's the kind of thing where you can make $1,000 in a day if you make the right decision.
Now, the things I realized when I did try to manually trade, one was that it's extremely difficult to do it and stay consistent for long periods of time. When your equities come from the environment I have, it's an overwhelming thing because it's the kind of thing where you can make $1,000 in a day if you make the right decision.
Now, the things I realized when I did try to manually trade, one was that it's extremely difficult to do it and stay consistent for long periods of time. When your equities come from the environment I have, it's an overwhelming thing because it's the kind of thing where you can make $1,000 in a day if you make the right decision.
And that's a very overwhelming thing, I think, for a lot of people because they'll come into the market manually and maybe have a little bit of success early. But I really like to think of the market almost like the casino, right? The thing about the casino is they only have really a tiny amount of spread over you.
And that's a very overwhelming thing, I think, for a lot of people because they'll come into the market manually and maybe have a little bit of success early. But I really like to think of the market almost like the casino, right? The thing about the casino is they only have really a tiny amount of spread over you.
And that's a very overwhelming thing, I think, for a lot of people because they'll come into the market manually and maybe have a little bit of success early. But I really like to think of the market almost like the casino, right? The thing about the casino is they only have really a tiny amount of spread over you.
But that little spread they have over you allows them to win almost always, as long as you stay in the casinos. So I really feel like the market is the same. You can have days where you do really well, but they've got a spread and edge over retail traders. And what will happen when you spend long enough in the market, it doesn't matter how much you make, you'll always give it back.
But that little spread they have over you allows them to win almost always, as long as you stay in the casinos. So I really feel like the market is the same. You can have days where you do really well, but they've got a spread and edge over retail traders. And what will happen when you spend long enough in the market, it doesn't matter how much you make, you'll always give it back.