Can you make money trading crypto without AI bots?
Crypto trading is one of the most profitable difficult business ever since crypto idea went into reality.
You will see hundred thousands of videos on YouTube people saying how you can make money while trading crypto, only to get into it and you know the reality of it.
People I have ever tried manual crypto trading but I think it’s the most amazing difficult thing I have ever decided to do.
Cutting story short I lost all 100$ I had put to use for trading.
Trading isn’t for the beginners not ever intermediates . It’s a thing for proffessionals.
It’s a thing for people who have spent over 5 years of trial and errors.
Well when I talk about trading here am talking about live selling and buying of crypto as they get low or high.
Am not talking about transacting crypto buying one crypto and selling the other.
As things have got really complicated with time.
The revolution of artificial intelligence and it’s integration in Blockchain have seemed to ease some of the things and it looks now Abit possible to make some money trading crypto but using “Artificial intelligence powered Bots”
In this article I will discuss with you
1. Artificial intelligence role in trading crypto
2. How to make money trading crypto with artificial intelligence
3. Mistakes people do while trading crypto with artificial intelligence
4. Risks associated trading crypto
And so much more
How does Ai Powered Cryptocurrency Trading Bots Work?
The fusion of artificial intelligence and blockchain in trading crypto has lead to ease in the trading processes. This has automated trading in a way that it has extensively optimized decision making and mitigation of risks.
It is now easy for traders to access advanced options while trading to minimize losses and. Optimize profits.
Previously it was looses after looses after losses and only keen and very experienced traders would make a living off crypto trading.
What artificial intelligence does is to provide real time data we’ll analyzed and help a trader make a decision
We all understand how complex it is to analyze data and information from across web and be able to place a trade.
Using manual human understanding a lot can be missed.
Machine learning in ai also help traders minimize looses by analyzing volatility and potential risks.
With this kind of effective measures traders are able to minimize losses .
There is a huge potential artificial intelligence does and helps investors to enhance there portfolios
It’s now so easy to get recommendations to expand opportunities based on ur history and character.
These suggestions help investors build a well balanced portfolio of various selections.
It’s now very easy to determine market trends.
Using historical data and information it’s very possible for machine learning algorithms to predict crypto markets
Using historical, current information from various sources it’s possible to forecast future price movements with good percentage of perfection
Traders can easily get to know which crypto they should buy or sell or hold or actually which crypto should be on list next that is likely to have a huge impact of growth on the markets.
Top Benefits Why You should use Ai Crypto Trading Bots
True Manual crypto trading is the old style of doing things with all difficulties and problems associated with it
But with Artificial Intelligence crypto trading atleast Alot are minimized
There are are several benefits to why you should start trading your cryptocurrencies using artificial intelligence bots and ai powered platforms.
1. With Ai crypto trading you can trade 24/7 without resting . This has no holidays ,nor weekends
The capabilities of making extra money is enhanced.
With Ordinary trading, it’s very easy to get caught up by work and other worldly stresses and you loose focus
Come to think of it we spend over 7 hours sleeping and almost other 4 hours in a day resting or eating or walking or talking to friends and family.
This is all time wasted not making extra money but with now automated crypto trading this is all working time. Every second and minute counts and it goes unwasted. You see this is why using ai to trade for you can save you Alot of energy
2. When you use artificial intelligence bot to trade for you, you will find out that it has enhanced decision making because now for it it has Alot of data that it analyses and makes the final decision really quick other than a human being
The rate at which humans think, analyze and then make decisions is really slow
As a matter of fact even identifying what to think about in most cases is really hectic
This is why using ai bots is a little helpful
An artificial intelligence algorithm will realize what to do really quick and hence minimizing delays which can lead to obvious losses of money.
Well am not saying that all the time ai is perfect but am saying it’s better than human heads . This is really a quick algorithm with data that is x1000 than of a human head. And it’s processing speed is as so quick as abc
3. Emotional Neutrality.-
Artificial Intelligence is neutral it has no feelings unlike we humans
Now here is the point when you trade when you are annoyed , the results will be seen on how your trades happen and the results
It’s very likely that you will mess out things
Same thing to when your heartbroken or sad or excited
You misfit come up with different results
Now what is so special and why using an ai bot will be helpful is that the bot is so neutral and it never experiences various moods unlike we humans
The trade reactions will be the same as from January to December
Key Features to consider before choosing an Ai Crypto Trading bot
I must say it could be a hectic and difficult situation when selecting which trading bot you should use for your asset trading.
This is important it will determine how great you will work with the platform and how you will enjoy the experience
The following can however help you know what trading bot will be amazing for you
1. User friendly interface
Before choosing a trading bot how is its interface ? Is it user friendly or it’s hectic to understand and navigate
Most functionalities that help in trading should be easily accessed and when accessed they should be easy to understand.
The more friendly the platform interface is the more it’s easy for you to carry out your trading work and operations . It’s really not worth at all to struggle understanding how the website or app or software work.
Choose a bot that your mind find easy to understand and navigate . This will be so useful
2. Customizability and Flexibility.
Now the truth is that a platform that is well customized and flexible for traders it will enable them to excute trades easily. Why is this so ?
This is because it will easily provide with them tools that help them in trading very easily
The bot must be flexible and users or traders should be able to make changes to the annuity contract.
3. Security features
The most important aspect in crypto and almost everywhere where money is involved is how secure is that platform. It’s important to choose a bot that has improved security systems that is not vulnerable to hacks and malware attacks.
We are dealing with big sums of money in one place. It’s important to be safe and understand that we are dealing with valuable assets.
There should be systems put in place in a bot to ensure investors money is safe
There are some bots connected to exchanges where your crypto assets are being traded by the bot but the ownership is the exchange
The bot only having limited access to your funds
They can only trade it but not use it nor withdrawal it
I think such bots sound more safe that platforms that own your assets completely
We are in a world where decentralization is the way to go
The ownership of money from central systems fo individuals
4. Real Time analytics and reporting
Being super informed is what will make you money
The boy should be able to provide exact information and in time on what is trending and happening
This allows investors and traders to make immediate decisions it can be manually placing orders or actually setting up new orders or different crypto coins
It’s important and helps investors decide really quick.
This helps in controlling costly mistakes that can be easily controlled by just real-time information that is UpTo date
What are the Top Popular Ai powered a trading Bots?
Before you start trading you need to understand which crypto ai trading bot to use and why and also a bit of details before you get started
Below are the leading ai crypto trading bots
1. 3commas crypto bot
This uses hashing algorithms and is available in multiple exchanges.
It also offers portfolio rebalancing strategy.
To start trading at 3commas you will need pay 4$ per month if your at a beginner level, then increase to 37$ pro user and then expert user at $59 monthly
The more money you pay the more features and money you can make
2. ValueZone crypto trading bot
This uses hashing algorithms and very flexible with customizable strategies.
It settles traders profits every 24hours
The network hashtags ranges from 100$ to 10,000$
You can also mine using a hardware
Mining using software is also available with windows and android
3. SMARD
The harshing algorithm is fully automated with a connection via api UpTo 5% average monthly return on trading on spot and features market.
There is no upfront fee charged to traders but 10% monthly service fee is charged on user profits
1$ is the minimum access fee
You can have a free 30 days demo and after 30 days you can pay to join the system when mining with hardware
Software mining is also available on Mac,windows,Linux and android
4. Gunbot crypto trading bot
This uses hashing algorithms that supports api connectivity.
It’s very suitable for seasoned traders and offers lifetime license premade bots,m.
It offers alerts and technical indicators.
The network hashrate is standard at 29$ per month, and pro users at 39$ per month and Ultimate users at $59 per month
Mining hardware is unavailable however software mining is avail at windows, Linux and Mac
5. Cryptohopper crypto trading bot
This offers hashing algorithms with automatic trading , it offers exchange arbitrage market making , social trading feature , paper trading , back eating and strategy designer.
The network hashrate is at a pioneer paying nothing monthly, and adventurer paying 24.16$ per month and Month hero paying 107.5$ per month .
The software mining is available on Mac, windows, Linux, Playfore and App Store
Final remarks on Role of ai in Crypto trading
By 2030 artificial intelligence is going to completely change how we passively make money online
Right from stock trading to crypto trading etc
It’s important to keep yourself in the know and in areas of information and technology .
Buy as many valuable cryptocurrencies and as technology revolve and new solutions coming on board .
Invest wisely and what you can afford to loose Incase things don’t turn out well like how they seemed.
I hope information above has given you a clear understanding of ai trading bots
