Increased adoption of crypto has given way to more investors and traders trooping into the space to explore the vast opportunities. While crypto trading may be lucrative, only a few section of traders record significant profit consistently, largely because of the ambiguous nature of analysing charts and keeping tabs on cryptocurrencies.
In recent times we’ve seen traders opt for different trading tools and bots to raise their efficiencies and maximise their profits, but are they really effective compared to self-trading? I recently got wind of Aimbot as Bitget announced its listing, seeing it is one of those projects that promises to aid traders achieve improved results I decided to research and learn from the more experienced traders if they’ve researched this project, and their bias on AI trading assisting tools like this one.
The only advantage of an AI to humans is that they don't have emotions. Emotional instability is one of the main reason why a trader lose a lot of money.
I believe that there are still traders who rely their trades to AI but I think it's best only when you want to trade but you don't have time for it. If you're a disciplined person who has patience, you have a huge potential in trading. You need to have a strong mindset in trading to be profitable because your good analysis will be useless without it.
I favour self trading also and the points that you have dropped here is the reason those who trade with Al do that basically because they don't have chance to monitor the trade or they don't have the emotional courage to trade. Another set of those using bots are those who want to earn from trading and don't want to learn. The emotional majority of a trader is well tasted when on a self trade, the volatility and pumps could make a trader jump in and in same minute jump out whilst the trade should have been in their favour but with Al, this is not the case.