{"id":56121,"date":"2017-01-17T11:55:52","date_gmt":"2017-01-17T16:55:52","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=56121"},"modified":"2017-01-17T11:55:52","modified_gmt":"2017-01-17T16:55:52","slug":"high-speed-traders-are-taking-over-bitcoin","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2017\/high-speed-traders-are-taking-over-bitcoin.html","title":{"rendered":"High-Speed Traders Are Taking Over Bitcoin"},"content":{"rendered":"<p>(Bloomberg) Zhou Shuoji is not a bitcoin believer. He says the cryptocurrency will never replace its traditional forebears, and he calls most of its proponents fanatics. But for Zhou, a 35-year-old high-speed trader in Beijing, bitcoin is also too good to resist. His computers trade it 24 hours a day, seven days a week. Using lightning quick orders, they profit from tiny price discrepancies on the myriad venues where it changes hands.<\/p>\n<p>\u201cIt\u2019s the golden age to be in the bitcoin market, because it\u2019s imperfect,\u201d said Zhou, a former IBM technology consultant whose firm, Fintech Blockchain Group, runs a bitcoin hedge fund and venture capital fund.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-01-16\/high-speed-traders-are-taking-over-bitcoin-as-easy-money-beckons\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Zhou Shuoji is not a bitcoin believer. He says the cryptocurrency will never replace its traditional forebears, and he calls most of its proponents fanatics. But for Zhou, a 35-year-old high-speed trader in Beijing, bitcoin is also too good [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-56121","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/56121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=56121"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/56121\/revisions"}],"predecessor-version":[{"id":56122,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/56121\/revisions\/56122"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=56121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=56121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=56121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}