AI summary
Summary of article:
A reporter from the Economic Daily measured the investment of OKX AI agency at 3,000 yuan. The initial profit doubled due to the rise of Bitcoin, but the market later reversed and the second round of funding was significantly reduced, which showed that AI cannot guarantee stable profits.
“As long as you choose a strategy, enter the amount, and press start, can an AI agent help investors make money?” To test what AI agent investment is all about, Economic Daily reporter Sun Jingyuan spent NT$3,000 in August and September to conduct a one-month experiment at the famous cryptocurrency exchange OKEx. Let’s look at the results of his experiment.
This time, the reporter deliberately did not study the market or products. They entered the market according to the parameters recommended by the platform’s AI assistant, to see what would happen in the end with “mindless investing using AI.”
When I opened OKEx for the first time, the reporter hardly understood anything. The platform has “Strategy” and “Following”, and the strategy is divided into different trading methods such as spot and contract. Faced with a series of unfamiliar terms, I finally decided to choose a contract that showed an annualized return rate of over 2000%, and was marked with “Martinel Strategy”.
The reporter initially deposited NT$3,000, converted it into approximately 88 USDT, and launched the strategy. After entering the market, the book’s figures increased almost every day. By day seven, total assets had almost doubled from 88 USDT to 168 USDT.
After seeing that the assets doubled, the reporter thought seriously for the first time, “What is this money actually invested in?”
After careful study it was found that this investment startedBitcoin Contract martingale strategy with leverage up to 20x. The robot will automatically set up positions, add positions and earn price differences according to the set parameters. However, it does not create returns without risk, but rather enhances trading results through contracts and leverage.
At the beginning of the experiment, the price of Bitcoin rose to more than US$80,000. The strategy adopted by the reporter was basically biased towards the long position. During periods of rising market prices, book profits also accumulated rapidly.
After seeing the principal almost double from 88USDT to 168USDT, the reporter kept the original investment of 88USDT and continued the operation with 80USDT earned using the same long contract martingale strategy.
At that time the idea was very simple. Since I was able to make money last time, using the same strategy, I should be able to make a profit again.
However the results were not as expected. After a wave of bullish trend, Bitcoin was unable to stabilize at US$80,000, and the price continued to fall.
Due to the long direction of the strategy, losses will also increase if the market falls, and the 20x leverage will further increase price fluctuations. As long as the loss exceeds the allowable margin, all positions may be forced to be liquidated, and even the principal cannot be saved. In the following time, we can see a gradual shrinking of 80USDT, used only to continue operations.
It also helped journalists discover that rapid profits in the previous phase did not mean that the AI had accurately predicted the market. It is more likely that the strategic direction is to capture the rising Bitcoin market. When markets change, strategies that were originally effective may soon become ineffective.
During periods of increasing losses, that is, when the Bitcoin market fluctuated frequently, the long contract martingale strategy could not survive the market changes. In the end, out of the 80USDT invested in the second round of operations, only 40USDT was left.
