(Newswire.net — May 6, 2019) — Serious crypto traders looking for an AI-assisted trading bot that can identify and predict market trends beyond human capacity should consider Hashtechz. It’s a new offering that is still evolving (and improving with each iteration) but it already has the potential to find asymmetric trade opportunities by gathering and analysing quantities of data that are far beyond human capacity.
Before I continue, I’ll remind you of the obvious: with any type of trading, in order to generate returns, it’s essential to take on risk. Although the newest generation of AI assisted trading bots – of which Hashtechz is a prime example – have made huge improvements over the, frankly ineffective, early models, this is still a far from perfect science. Prudent traders are wise to test any new bot, this one included, first with a small amount of money, before making a significant investment. Furthermore, any crypto trading bot that claims to offer guaranteed wins is a guaranteed loser.
Hashtechz’ bot has strong fundamentals. The user interface is intuitive and its cloud-based so you don’t have to install the software on your computer and the bot will continue executing trades even when your computer is off. This bot is a better than an average arbitrage trader. It takes advantage of high frequency trading to enable profitable arbitrage trading, including arbitrage on futures contracts. It considers all the top cryptos, trading at high frequency between major exchanges. In the six weeks I used Hashtechz’ arbitrage bot (during a stretch of average volatility in Feb-March), the bot returned better than average arbitrage profits for me, as compared with other arbitrage bots I’ve previously used.
Through arbitrage trading and reliance on technical signals combined with data, Hashtechz’ crypto trading bot can, like almost all of the dozen or so already established crypto trading bots, provide you with an almost guaranteed 3-6% per year return on your crypto holdings. Like the others, Hashtechz does this by taking the emotion out of trading. You choose from several fixed plans, then let the bot do the work for you. All you have to do is sit back and relax, trusting in the knowledge that the bot leverages technical trading signals and executes faster than a human. Unlike the others though, Hashtechz’ bot – with its data driven, self-criticizing AI – has the potential to do far better than 3-6%.
The creators of Hashtechz’ marketing material, like everyone in this space, make some pretty bold claims, but one thing I’ll give them credit for: they don’t claim to offer guaranteed to returns. Instead Hashtechz’ claims relate to the technology employed by its bot. As we know, today’s AI algorithms are only as good as the data you feed into them, so it’s not surprising that Hashtechz claims to feed more than 300 data sources – from traditional newsfeeds to social media sentiment analysis – into the bot, besides endowing it with the capacity to cloud process 200 million data points/second.
I have no idea if that claim is true, but what I can tell you is that in the six weeks I used the Hashtechz bot, it made several frankly counter-intuitive trades (that I never would have made) but that in hindsight ended up being the right trades. And it’s these counter-intuitive trades that I was really after when I decided to try this new offering. As we all know, the biggest gains in trading – as with gambling – come from contrarian positions. The challenge, of course, is to confidently put money on those bets that no one else is taking… and to be consistently right.
We all use data to make our trading decisions. The problem is that our mushy brains are notoriously inadequate when it comes to retaining and sufficiently analysing that data. A trader with a lifetime of experience might be able to compile a large amount of data and use it to make a decision that, from the traders’ perspective, feels more like instinct. They might draw on this gut feeling to make the occasional contrarian trade and profit immensely from it. But there’s a reason 9 out of 10 funds fail to beat the market: human’s ability to analyse the market and beat it consistently is sorely lacking. AI-assisted trading promises to improve upon human’s data crunching and analysis ability by taking in vastly more information and processing is with pure logic and reason. This is what Hashtechz is claiming to have achieved with this bot. I’ll tell you right now, what they’ve produced so far is not perfect. In times of extreme volatility, you might be wise to turn off the bot temporarily. But I’ll also tell you that what I’ve seen with this bot so far is beyond anything I’ve seen in the crypto trading bot space. It really does appear to be approaching real AI. The prospect of that got me excited enough to write this review, and I almost never write reviews. I’ll be honest, my reason for writing this is selfish: I want more people to use this bot because the more data it digests, the smarter it becomes.
To sign up for the Hashtechz bot you’ll need to reach out directly to the Hashtechz team though through the contact form on their website as they appear to be dealing with higher than expected interest.