Crypto Trading led by AI

[Augustus40]

I hear this is gaining ground by traders. The AI guides you as to where is prudent to invest etc

Is anybody doing this as I would be interested to hear any experiences. A friend has set himself up as one but I have not taken the plunge yet. Am researching it all first on you tube and reddit.

Not at all au fait so hoping somebody who knows all about this can comment.

Thank you for your reply.

@Augustus40 The reply you got wasn’t based on personal experience, it was AI-generated.

Ok. How can you tell?

Was just about to say the same thing as @skilpadde its just the way chatgpt etc write, once you’ve seen a couple of them written the ai pattern just jumps out!

crypto trading is just gambling with a fancy name
AI systems are not reliable and have no idea about trading

so you are rolling one dice (the AI) and telling that to invest in another dice (the crypto).

if you have money that you don't care about losing (I mean really losing all of it) and you have the time to faff about with the different systems, fine go ahead.

but the sensible option is to put your money in a safe old market-tracking ISA and leave it there for 10 years. boring but it works.

It seems the FCA has succumbed to pressure to approve trading in instruments backed by bitcoin and ethereum on the London Stock Exchange - for professional investors at least - starting in April.

https://www.ft.com/content/e987fb3b-e877-4672-95aa-9e6eed427ccd

To be honest I have decided not to research it any further. Too risky and tantamount to gambling.