“This is going to change how people take profits,” says chiqshoes. “Now people don’t have to be stuck at computers. AI bots are going to do it for you. All you have to do is cash out your money and do real-life things.” By jeffwilser
, that do things like hunt for entry and exit points, assist in technical analysis, and help with macro studies like evaluating a crypto start-up’s tokenomics structure.
Other traders are more skeptical. “Realistically, we’re not there yet,” says Christopher Inks, founder of the trading group TexasWest Capital. He knows the large trading desks and banks are touting that they use AI, but says “we don’t have much information on how much of an impact AI is having on their trading, and how much they’re investing, and how much they’ve allocated.”
Many day-traders embrace that philosophy. “Our edge comes from being robotic,” says trader Adrian Zdunczyk, founder of the trading groupZdunczyk doesn't think the advantage to traders of AI bots will last as the tech goes mainstream.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto Trading Volumes Rise for First Time in 3 Months Amid ETF OptimismTrading volume of crypto derivatives increased 14% in June to $2.13 trillion, CCData said. Still, its share of total market activity fell for the first time in four months. LedesmaLyllah reports.
Read more »
Crypto exchange spot trading volumes rose 16% in June: CCDataTrading activity across spot markets increased in June as institutional and regulatory actions brought more volatility to markets.
Read more »
OPNX launches ‘oUSD’ credit currency for crypto margin tradingThe currency is intended to fill the void in the crypto lending market following several high-profile industry bankruptcies in 2022.
Read more »
Crypto Trading Banned for Banks in Denmark, Saxo Bank Down FirstBlow to the cryptotrading sphere in Denmark as regulator steps in. cryptocurrency
Read more »
Crypto Storage Token Storj Rallies 43% Overnight as Trading Volume SurgesCrypto storage token, Storj (STORJ), has rallied over the last two days, doubling its market value as it sees an increase in trading volume. LedesmaLyllah reports.
Read more »
Former FTX US CEO’s New Venture Is Seeking to Harness AI for Crypto TradingFormer FTX US CEO BrettHarrison88’s new venture Architect_xyz is looking into integrating AI with its crypto trading software. egreechee reports
Read more »