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AI excels in a variety of areas when it comes to crypto investing.
He explained that AI can spot trends faster and apply them to real-time scenarios.
But there are some pitfalls to watch out for, he added.
Here are three mistakes to avoid when utilizing AIto invest in crypto.
I preferWarren Buffetts philosophical approach to investing whether its stocks or crypto.
Instead, he suggested using it for research, data entry and/or analysis.
Dont forget to double-check anything that sounds crazy or unreasonable, said Marolia.
Investors should first test out the theory, said Mullin.
Most times, what sets a clear distinction between wins and losses in crypto is proper research.
Along the same lines, neglecting thehelp and assistanceof human advisors is another habit to avoid.
He added that crypto investing is especially fraught with ever-evolvingtax ramifications that may require advice from experts.
Caitlyn Moorhead contributed to the reporting for this article.
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