Can someone please explain to me how the Kelly Criterion applies to cryptotrading, e.g. BTC on BTC-E
http://www.youtube.com/watch?v=IyATmCJf4fc
The formula is there, but how do I apply it?
http://www.youtube.com/watch?v=IyATmCJf4fc
The formula is there, but how do I apply it?
Kelly Criterion is mainly useful when you can estimate the expected value of the investment which you can't with bitcoins.