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.
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.
