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"AI is likely to change every aspect of our lives, and crypto trading is no exception to that trend.
In this video, we look at what AI agents are capable of, their biggest pros and cons, and how these tools are reshaping the way traders approach markets.
From faster execution to reducing human error - and the risks you still need to watch out for - we cover it all. Stay ahead of the curve and learn how to use AI to trade smarter."
~ Coin Bureau
The video discusses AI crypto trading assistants, contrasting them with traditional trading bots. A regular trading bot operates like a vending machine, strictly following a pre-set, rigid set of rules (if X, then do Y), which the user codes in. AI trading assistants, or AI agents, take this a step further by allowing users to describe their goals in plain English. The agent then interprets the intent to assist with market research or executing a trading strategy, following a "see, plan, act" path. While more sophisticated, AI assistants are generally not fully autonomous; they keep the human involved for review and approval before execution, allowing the user to remain in the driver's seat. The key advantage of AI agents over regular bots is their ability to adapt to market volatility and suggest strategy pivots, such as switching from a range-bound to a momentum strategy when a trend hits, which a rigid range bot would struggle with.
The video outlines five major pros to using AI agents for crypto trading, including their 24/7 operability, significant time-saving through rapid research and analysis, keeping trading emotions in check by enforcing rules, improved execution speed, and reducing human errors like mistyped orders. However, there are also risks, such as AI errors due to stale data or model limitations, and "idea crowding" where many agents chase the same strategies, leading to a loss of edge. Other risks involve over-reliance on AI, which can dull a trader's mind for identifying long-term opportunities, and the danger of over-complicating trading with strategies like high-leverage futures, leading to faster liquidations if not fully understood. The video concludes that despite the risks, trading without AI is inefficient, and users should start using these tools now while practicing risk management and discipline, as the future will likely involve agents handling more complex transactions and becoming full on-chain economic actors.
0:00 Intro
0:45 AI Agents vs. Trading Bots
4:11 GetAgent
7:47 Pros To Using AI Agents
10:54 Risks To Using AI Agents
14:48 The Future of Crypto Trading?
Source - Coin Bureau YouTube: https://www.youtube.com/watch?v=wYbf5XwdcPI
Disclaimer: This video is provided for informational purposes only, and not offered or intended to be used as legal, tax, investment, financial, or any other advice.
