AI is indeed a boom which has made our lives easier as it can do so many tasks which are predefined or pre codes but trading is not the same as it requires input from our side based on which it will trigger buy or sell order, our inputs play a key factor here as we cannot be completely dependent on AI for trading and so far I don't have a concrete evidence that it will be a huge success and please don't go by influencer videos on AI trading as they do it for view with clickbait like 100x AI bot, etc.
I am experiment this strategy and will be able to furnish the outcome in a while. But the predefined bots operates on the data feed and previous trends and it cannot take actions based on current market situation if not coded.
Topic: How do you like AI for trading crypto? (Read 40 times)
It has not yet been proven that artificial intelligence provides unique data in trading that makes it better than experienced traders, and even the companies developing this software have not launched a practical model for a trader supported by artificial intelligence who achieves good profits compared to an experienced trader.
All bots that use artificial intelligence use it either because it has become modern or because it adds good features to the service. In any case, it will not help you in trading to the extent that it is worth searching for
All bots that use artificial intelligence use it either because it has become modern or because it adds good features to the service. In any case, it will not help you in trading to the extent that it is worth searching for
It is automating our trades but there is a misconception with AI and trading. People think that AI will trade for them while that's true but it is trading based on the data that it has got. And here goes the problem, it doesn't see what's the future.
So leaning towards it about winning your trades about the future picks that you may have is something wrong about the thinking of most if AI is going to make them rich through trading.
For now you are right but as the AI technology continues it's impressive innovation and development, that will eventually not become the norm in AI trading because it will go down towards a much more efficient and smarter AI that can do a much better analysis than any other human trader out there but for now I am on the fence if AI is the best thing to use for crypto trading, maybe when there's a big news about AI and trading we might be able to lean or depend on it but I am sure that when that time comes, it's going to be costing a lot to use it but the returns that it will bring will probably justify the cost. So leaning towards it about winning your trades about the future picks that you may have is something wrong about the thinking of most if AI is going to make them rich through trading.
And while AI can do a lot, it is not a replacement for human judgment. Humans possess invaluable experience, intuition, and risk assessment skills.
I believe that if AI is utilized responsibly and effectively it can be a game changer.
Curious to hear your thoughts on the collaboration of AI and human judgment in the future of crypto trading. Share your thoughts!
Would try it so that you can justify it to yourself?I believe that if AI is utilized responsibly and effectively it can be a game changer.
Curious to hear your thoughts on the collaboration of AI and human judgment in the future of crypto trading. Share your thoughts!
AFAIK, this AI often relies on historical data to make predictions and when the market conditions change significantly, this AI algorithm may struggle to adapt, leading to a poor performance result. Overall, it won't help your trading activities if you let AI decide your trades but if you think it's a tool in trading that helps you execute orders, that makes sense maybe.
Dont forget that AI is just a tool, don't let them make actions toward your trading, not unless you will try what will be the result.
It is automating our trades but there is a misconception with AI and trading. People think that AI will trade for them while that's true but it is trading based on the data that it has got. And here goes the problem, it doesn't see what's the future.
So leaning towards it about winning your trades about the future picks that you may have is something wrong about the thinking of most if AI is going to make them rich through trading.
So leaning towards it about winning your trades about the future picks that you may have is something wrong about the thinking of most if AI is going to make them rich through trading.
I never stop learning every time I decide to trade. And as much as possible, if there are some new factors that would eventually help me in winning my trades, I would gladly embrace it. However, when it comes to relying through AI with crypto trading, I guess it creates both negative and positive outcome. It can make your trades successful if you use AI from your knowledgeable and skillful point of view, but if you directly use AI without enough knowledge and experience on how crypto trading works, you will still fail in your trades.
The choice is left for us. But if you are still in the process of learning trading, I suggest you focus first on improving and enhancing your own skills in trading before you decide to apply AI.
The choice is left for us. But if you are still in the process of learning trading, I suggest you focus first on improving and enhancing your own skills in trading before you decide to apply AI.
I answered the same topic in bitcoin discussion maybe it has been moved, anyway to answer your topic again, AI for trading is a big no. Why is it simply because I don't trust the decisions of an AI? AI stands for artificial intelligence, which means AI or a trading bot will only rely on what information it has or has stored. Algorithm, analysis, and execution will only rely on what it has, which means that if theres a new pattern in a crypto currency movement, for example, bitcoin, how can a trading bot execute a trade? Yes, it can compute the possible profit and loss, but how can you be sure that you will earn from it? Do you see a news article or even a statement that gets a lot of profit with the use of a trading bot? No bits because AI still has a lot to work on, and I don't think that AI could handle the unpredictable and volatile nature of a crypto currency.
That's why I'm not convinced by anyone who promotes trading bots; in the first place, is it legal to use? Still not proven; well, it's my opinion only, so yeah, I still will not trust an AI to trade for me. As an IT professional and crypto trader, I know the risk of using a trading bot.
That's why I'm not convinced by anyone who promotes trading bots; in the first place, is it legal to use? Still not proven; well, it's my opinion only, so yeah, I still will not trust an AI to trade for me. As an IT professional and crypto trader, I know the risk of using a trading bot.
Ever sensed a bit of skepticism among seasoned crypto investors regarding AI-driven trading? I believe It's a sentiment worth discussing. The crypto landscape, intricate and ever-shifting, often feels best navigated with a touch of human intuition.
However, AI algorithms can sift through vast amounts of data, uncover patterns that might escape human scrutiny, and execute trades in the blink of an eye, which is a decisive advantage in the dynamic crypto market. And that can be revolutionary.
A mistake people make is that they rely on AI alone to carry out their trades. And while AI can do a lot, it is not a replacement for human judgment. Humans possess invaluable experience, intuition, and risk assessment skills.
I believe that if AI is utilized responsibly and effectively it can be a game changer.
Curious to hear your thoughts on the collaboration of AI and human judgment in the future of crypto trading. Share your thoughts!
However, AI algorithms can sift through vast amounts of data, uncover patterns that might escape human scrutiny, and execute trades in the blink of an eye, which is a decisive advantage in the dynamic crypto market. And that can be revolutionary.
A mistake people make is that they rely on AI alone to carry out their trades. And while AI can do a lot, it is not a replacement for human judgment. Humans possess invaluable experience, intuition, and risk assessment skills.
I believe that if AI is utilized responsibly and effectively it can be a game changer.
Curious to hear your thoughts on the collaboration of AI and human judgment in the future of crypto trading. Share your thoughts!
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