Understanding the Rise and Limits of AI Trading Bots in Crypto Markets

The world of cryptocurrency is witnessing a surge in interest around AI-powered trading bots, prompting both excitement and apprehension among traders seeking to automate their strategies. While industry experts acknowledge this trend, they caution that many individuals lack a deep understanding of the capabilities and limitations of these tools. This article explores the nuances of AI trading bots, comparing general-purpose AIs like ChatGPT to specialized trading AIs, and delving into the critical role of data processing in shaping successful trading strategies.