Topic: Exploring the potentials of bots in portfolio management (Read 226 times)

With the change of time there have been some technological developments in trading. Trading now has the advantage of using a bot system. Trading bots and trading AI technologies are currently being used by many to conduct trading activities, but how safe are these technologies for money? Training is already risky if it relies entirely on technology, it seems even more risky to me. A user's own skill is more important for trading than relying directly on technology, but a person can take some help from AI technology or bots if they want, but these technologies can never be relied on 100%.

Using a bot for portfolio management can be risky because all of these bot has their limitation and it's possible that any totally new scenario occurred that the bot can not identify and react accordingly. If you are a busy man and needs to use bot then i would suggest you to use copy trading instead. Most of the exchange offer copy trading features and you can see their past performance and switch trader any time you want.

Over the past couple of years, we've witnessed the emergence and introduction of bots and AI in the crypto space, enabling smarter and more profitable trading. While some people may argue about their importance as trading tools, everything with pros has it's cons, right?

But that's not the main reason I'm writing this. I'm aware of bots that can detect price trends and execute trades based on data analytics, closing positions, and more. So here's the catch: the bull market is speculated to follow the BTC halving, and I've been accumulating alts that I believe have potential in anticipation of the bull season. However, I've encountered challenges in managing my spot portfolio to take advantage of the current market's volatility. So, I'm pondering on the possibility of a bot tool that can assist with this. I haven't come across any yet, but is it a possibility? If you happen to know of such tools, I would appreciate some direction.

Portfolio Trackers that I use such as Coinmarketcap, Coingecko and more specifically using Blockfolio.
provides complete information about what I hold and how those assets are performing, it's a complete package.

I dread using ArkhamIntelligence due to the fact that Arkham accidentally doxxed thousands of users’ private email addresses through their referral program.

Read more on DailyCoin: https://dailycoin.com/arkham-crypto-is-dox-to-earn-threat-to-cryptocurrency/#h-cons
ArkhamIntelligence is a very impressive tool, this is a powerful new intel metrics tracking tool that is able to track all blockchain transactions with ease and an attractive UI.

No wonder Binance supports ArkhamIntelligence because it is a new innovation that provides a blockchain address lookup database, bounty program, and blockchain intelligence data marketplace.
It uses Artificial Intelligence which makes it smarter to analyze data.

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And about Unibot on the shitcoin trading version that automates trading on DEX exchanges, it simply provides easy trading because it uses bots.

But there is a new automated trading bot that is more powerful than Unibot,
namely X-Caller which is a utility of the XProject ERC20 token that uses artificial intelligence
so that it is smarter and chooses which coins have good potential and will go up.
and will also be supported by the X-SHOT bot to automate everything.

For more information, read here
https://linktr.ee/projectx_erc

-snip-
What you actually need is a:
- portfolio tracker:

- Token metrics/insights tool: ArkhamIntelligence /NansenAI as mk4 has suggested.

There's a shitcoin version of trading bots like the unibot that automates the process of trading on decentralized exchanges. You might want to check those out as well only if you are a degenerate.

So, I'm pondering on the possibility of a bot tool that can assist with this. I haven't come across any yet, but is it a possibility? If you happen to know of such tools, I would appreciate some direction.

I've said it before, 15 years ago in fact when I was active in forex, bots and AI are great tools. But like any tool, they are supposed to make our lives easier, not think for us.

If AI and bots could even make 1% of the claims we've seen over 20 years in trading, there would be no need for human traders anymore.

I think what you're looking for is a simple limit order Read the insights suggested but don't take it as the rule. Gunbot is a simple tool that can do this, forum used to ad it heavily.

I am glad that you are holding in alts because many people think that they should only hold BTC when halving comes but they don't know the potential of diversifying the portfolio and not depending on the BTC only. You did the right thing and I hope you selected the good ones.

I am also not a user of portfolio management tools or AI trading tools but I did learn a few names in this section and those names are:

Shrimpy- You can opt among investment styles that suit you best.
3Commas- It consists of some advanced features
Cryptohopper- Provide a social trading feature
Pionex- it's an exchange but I think you should go for 3commas instead of it but I mentioned it for your own choice.

The first thing you should keep in mind is, don't trust blindly any of the above tools or exchanges, because AI trading or profile management does not mean you will win all the trades and you will earn a lot of money. There might be errors and omissions in them too. So DYOR dear. Test them with what you can do without fear.

Do you have a link of some more information about this smart portfolio not you talked about? Is it offered by an exchange or some other trading platform? Maybe a link would be fine.

I've seen some of those arguments and misconceptions with the use of Bot for trading or managing Crypto Investment portfolio but the fact is that A.I is here to stay and it'll make profiting easier, either with trading or just analyzing the market. I would have loved to make some recommendations of a few bots I'm trying out with impressive portfolio management functions that you may find useful. One of it, Smart Portfolio Bot boosted my returns noticably within 6Hrs of running it. Well, It's not just by having bots that will give you good profit, it depends on you. Like Smart Portfolio Bot, it depends on the assets on your portfolio as it capitalizes on price fluctuations based on those assets to earn you higher profit. Maybe you've previously tried that, I don't know.

Nansen that recently admitted that some of their customer data was leaked?