Hi guys! Happy holidays! Just wanted to know if you're planning on using AI bots and such technologies to boost your crypto profits in 2024. And now that I'm talking about this, I'm curious if you've already started to use AI for taking trades.
AI can be useful to gather information based on past trends. If you use AI to take financial decisions, then it won’t be helpful at all. In my opinion AI hasn’t developed so much that it can take the necessary decisions at necessary time. I have seen many people losing money on trading due to AI bots. You can do calculations and projections using AI, but completely relying on it to make profit can really be harmful. I won’t suggest anyone to use AI if you have big funds to trade.
If you use them like that ( to gather info's ), you are still going to based your decision on it. But there may be times that our decisions will differ to it, especially if we also add our own analysis on top of them. It's always better to decide for our self. And doing so can eliminate heavy regrets. Just in case the result didn't come very well.
AI's aren't new. They are improved now, and continue to be improved. But AI's will always be AI's. AI bots might have two types. One is they can decide for you but the other can only do automated works. Those how use the first one were maybe not confident about their ability. Basically they already know the consequences of doing it, and they can accept it easily.
