Quote from: BenCodie on August 01, 2023, 09:58:18 PM

Quote from: Bitcoinpoly on August 01, 2023, 06:21:03 PM

Lately exchanges has been trying to integrate everyone within the crypto space with an opportunity to make profit. There are introduction of different features that can enhance user’s profitability such as copy trading, flexible savings, staking, Launchpad and the likes. Now AI bot has been introduced into some CEX where users have opportunity to trade with bot. In some cases bot are very smart regardless of the volatility of the market. Trading with both is just like trading smarter because you’ve got no reason to stress yourself.

It was only a matter of time...but what should be done, is the conditions that the AI bot is using should be open-sourced...otherwise, how do we know what exactly the AI is programmed to do? If you aren't controlling it eithef, then what isbthe actual action for the user - just investing in the AI bot pool? I have to read more about this...

Yea that’s actually a good view, have tried it couple of time and I believe the AI work with the normal technical analysis of the market, once the market do not change direction as a result of news, rumors, human actions generally, that means the AI will be on good profit side. I might get you some link if you wish. Also you can check on Bitget website.

Quote from: Bitcoinpoly on August 01, 2023, 06:21:03 PM

Also there are exchanges that offers loss protection on their bot, users get loss protection fund in any situation of loss. This might be an opportunity to explore.

Loss protection? So then, what is the risk of using the not? If it's too good to be true, it probably is. I am sure there'd be some kind of string attached to this benefit.

Currently the loss protection is just 100 USDT, and there are requirements for you to get it.

Quote from: Bitcoinpoly on August 01, 2023, 06:21:03 PM

Let me know your view regarding the trading bot and if you know any exchange with such feature yet also with loss protection fund on users loss.

l
Doesn't sound like a viable business model for the exchange and the whole thing doesn't make a lot of economic sense. Yet again, I haven't seen it in practice yet.
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Actually the exchange won’t pay all the loss, have not hit loss so have not been given such but it’s just 100 USDT.