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Topic: If you had AI day trade bitcoin to make profits - page 2. (Read 835 times)

hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
Trading bots have been there even before the popularity and launch of AI tools and chat gpt. The decision will still depend on you and it is not the AI that shall trade for you.

It may not that be far that there will be the time that AIs will trade for us because they have no emotions. Unlike us, we're too emotional and we're very sensitive with little loss that we make and even with taking profits.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
This whole AI bot trading is not going to work when it comes to crypto trading due to volatile market as bot has to be trained and crypto doesn't follow any particular market pattern and that's why most of the prediction goes wrong so it's not feasible to train the bot. I have seen more losers than winners in terms of AI based trading. Don't fall for their marketing strategy.
It is true the market is volatile and unpredictable, however there are human traders already making money in the markets, meaning that trading is a skill which can be taught and learned, and as such an AI could be as good as a human or even better, it is just that those that have trained an AI to be that good have no reason at all to share it with anyone, so the AIs you see out there being sold or sending signals are in fact the ones that do not work.
Using AI can be reliable at some point but only to those who are skillful and knowledgeable in trading. Because it actually takes a good trader so he can also excel in trading using AI. However, I don't see this will work on the newbies in trading. I suggest that they focus more on manual trading as its more beneficial for them to further their experience and hone their skills in trading. Otherwise, if they rely on trading using AI, its like they only trade like gambling, trading without the potentials of a real trader.

However, let's not close the idea that AI trading can still be profitable for some traders, most likely the pros in trading. Since it is introduced in the market, then most likely it can also be helpful at some point but let's not forget that the best way to be successful in trading is to develop your own potentials and create more experience that will hone your skills and strategies in trading.
legendary
Activity: 2744
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-snip-
so if someone thinks that they can get access to an AI like that and make a fortune they are wrong, as they will need to be expert traders themselves in order to understand how the AI works at all.
But in fact, many do this, many beginners use BOT AI without having basic trading knowledge.
What they expect is instant profit without thinking about using BOT AI, even though trading knowledge is needed to manage several strategies that will be applied to BOT AI.

To achieve consistent profit it will not be easy, in addition to the strategies that need to be applied properly, the capital used must also support.
Capital that is not managed properly will not provide trading stability despite using BOT AI.

You don't need to use AI. I myself never use AI for my activity, specifically for trading. If we trust our ability, why we must need a help of AI.  Wink
Actually, it's not that they don't believe in their own abilities, but the use of AI for those who are professionals is only as optional support or as an assistant when they cannot interact intensely in the market.

AI is only an assistant who will manage trades according to the strategy that has been set before.
So AI still requires settings from the person doing the trading, not fully automatic do it yourself, of course, there must be control.
sr. member
Activity: 1484
Merit: 447
So If I am not wrong, you are asking about an AI which do day trading for you and get you profits? So how are you so sure at the first place that it will only be a profit? Why there's no chance of loss in your trading logic?
Yes, he is expecting to have AI tools for day trading. But I'm not sure AI can solve the problem of losses, there should be a chance for losses. Moreover, it is AI, AI won't be ever smarter than human. Trading is a complicated thing, even human requires a lot of knowledge to it properly. I doubt if AI can take the job properly, it is a dynamic activity.

I don't use AI trading because I prefer to be the one doing the actual trading myself so that I can learn faster and figure out a strategy on what to do about when I should and should not buy or sell crypto that I have.
You don't need to use AI. I myself never use AI for my activity, specifically for trading. If we trust our ability, why we must need a help of AI.  Wink

hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
-snip-
However, what is happening now is that beginners prefer to use AI even though they don't know the science of trading, let alone believe that trading will make it easy to make money, that kind of mindset should be avoided.
No matter how sophisticated the technology is, if the user does not know the benchmark of the technology then it is useless.
Those who only use AI bots without basic knowledge will be confused about how to do the initial setup so that the AI bot runs as desired.

Not only that, trade management is one of the strategies that determine the success of trading.
The use of AI bots without good management will not be able to maximize profits.
That is what those people do not see, since computers were created different challenges had to be overcome to get where we are, and one of the earliest pieces of software programmers wanted to create was an AI which played chess at a high enough level that it could beat a champion, however since the programmers were not expert chess players they simply did the most logical step, which was to hire some of the best chess players and improve their algorithms until they finally achieved this goal, so if someone thinks that they can get access to an AI like that and make a fortune they are wrong, as they will need to be expert traders themselves in order to understand how the AI works at all.
legendary
Activity: 2744
Merit: 1878
Rollbit.com | #1 Solana Casino
-snip-
However, what is happening now is that beginners prefer to use AI even though they don't know the science of trading, let alone believe that trading will make it easy to make money, that kind of mindset should be avoided.
No matter how sophisticated the technology is, if the user does not know the benchmark of the technology then it is useless.
Those who only use AI bots without basic knowledge will be confused about how to do the initial setup so that the AI bot runs as desired.

Not only that, trade management is one of the strategies that determine the success of trading.
The use of AI bots without good management will not be able to maximize profits.
full member
Activity: 1442
Merit: 116
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    I don't use AI trading because I prefer to be the one doing the actual trading myself so that I can learn faster and figure out a strategy on what to do about when I should and should not buy or sell crypto that I have.

   In this way, I will know if I have learned something or not, compared to relying on AI for the trading activity I will do here. Then there is also a risk; that's where I'm at risk because I'm the one doing the actual thing instead of the AI you're talking about.
That's a good thought, it's better to learn trading manually without using AI, so that you know how trading works and how analysis is done.

But if you already know everything, AI is used as an assistant that will help you trade more easily. A little eliminates the trading emotions that are usually the weak point for every trader.
There are many trading AIs that provide powerful performance with smarter predictions and some more detailed technical analysis processing.

I am still learning about this AI that provides many advantages.
Now is the era where all-digital and all-AI jobs are in vogue.
Utilizing the sophistication of technology for trading will be profitable, but as long as you have the basic knowledge that is certain.
As long as we can use AI correctly then this can help our trading, but it will be better if we have mastered manual trading so that we can regulate the use of AI well, so that AI can help trading according to its portion. However, what is happening now is that beginners prefer to use AI even though they don't know the science of trading, let alone believe that trading will make it easy to make money, that kind of mindset should be avoided.
legendary
Activity: 2744
Merit: 1878
Rollbit.com | #1 Solana Casino
    I don't use AI trading because I prefer to be the one doing the actual trading myself so that I can learn faster and figure out a strategy on what to do about when I should and should not buy or sell crypto that I have.

   In this way, I will know if I have learned something or not, compared to relying on AI for the trading activity I will do here. Then there is also a risk; that's where I'm at risk because I'm the one doing the actual thing instead of the AI you're talking about.
That's a good thought, it's better to learn trading manually without using AI, so that you know how trading works and how analysis is done.

But if you already know everything, AI is used as an assistant that will help you trade more easily. A little eliminates the trading emotions that are usually the weak point for every trader.
There are many trading AIs that provide powerful performance with smarter predictions and some more detailed technical analysis processing.

I am still learning about this AI that provides many advantages.
Now is the era where all-digital and all-AI jobs are in vogue.
Utilizing the sophistication of technology for trading will be profitable, but as long as you have the basic knowledge that is certain.
jr. member
Activity: 44
Merit: 1
If you are interested , check this one.
https://imgur.com/a/sypNNLt

Not bad in 4-5 days. It's also true that we are in bull trend for BTC, so we have to check how the system is working in a bear trend.

in any case, if you want to register through my referral is appreciated and it will give yo uthe possibility to have the scalper bot too.
https://app.hodlie.finance/signup?ref=RLPAVD31B

This is the AI applied to the trading in a simplified way. Don't expect tons of exchanges, cryptocurrencies and so on.

You select your risk appetite, allocate the money you want to invest and that's it.


Crazy
member
Activity: 560
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Eloncoin.org - Mars, here we come!
    I don't use AI trading because I prefer to be the one doing the actual trading myself so that I can learn faster and figure out a strategy on what to do about when I should and should not buy or sell crypto that I have.

   In this way, I will know if I have learned something or not, compared to relying on AI for the trading activity I will do here. Then there is also a risk; that's where I'm at risk because I'm the one doing the actual thing instead of the AI you're talking about.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
AI day trading is very risky. Without adequate knowledge about this it will be very dangerous but now a lot of companies are running their company through bot creation and getting profit. But I would say before doing AI trading train this model according to previous history and rules.  Otherwise you will face many problems because Bitcoin is very volatile. So trading is high risky investment so before any kind of investment whatever you use as here you telling about AI Iwill never prefer Ai trading in the beginning level.
I don't think its that risky honestly, AI is good enough to know how to make technical analysis, feed it with enough information you got same capabilities as human in term of trades.
after all its not just mere bot, its quite different, AI as its name stands, are more advanced and human like intelligence which is artificial in this case could even compete with human if not better.
thats why trading with AI might be effective.
but there's so far no proof yet, we're still waiting until research and implementation of this thing done by big companies then we will see.
And we will probably never see it, when it comes to other forms of AI the companies behind it need to input of people in order to train it, that is why they go public and they even offer their services for free, however a trading bot only needs the data you can find on the markets in order to train itself, and that is information that can be bought at a cheap price, so we are not needed in the process of creating such an AI and as such we will most likely never get to see how good those AIs can be other than to watch trading firms getting even richer.
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
AI day trading is very risky. Without adequate knowledge about this it will be very dangerous but now a lot of companies are running their company through bot creation and getting profit. But I would say before doing AI trading train this model according to previous history and rules.  Otherwise you will face many problems because Bitcoin is very volatile. So trading is high risky investment so before any kind of investment whatever you use as here you telling about AI Iwill never prefer Ai trading in the beginning level.
I don't think its that risky honestly, AI is good enough to know how to make technical analysis, feed it with enough information you got same capabilities as human in term of trades.
after all its not just mere bot, its quite different, AI as its name stands, are more advanced and human like intelligence which is artificial in this case could even compete with human if not better.
thats why trading with AI might be effective.
but there's so far no proof yet, we're still waiting until research and implementation of this thing done by big companies then we will see.
hero member
Activity: 3052
Merit: 606
AI day trading is very risky. Without adequate knowledge about this it will be very dangerous but now a lot of companies are running their company through bot creation and getting profit. But I would say before doing AI trading train this model according to previous history and rules.  Otherwise you will face many problems because Bitcoin is very volatile. So trading is high risky investment so before any kind of investment whatever you use as here you telling about AI Iwill never prefer Ai trading in the beginning level.
AI trading maybe actually good for your trades if you know how to perform it on your trades. Being knowledgeable is still of high necessity because AI itself can also ruin your trades if you are not inclined to use it. That’s why some traders just prefer not to rely on AI and chose to trade on their own. That way, they can freely predict what would be the outcome of their trades and if it the result is not yet satisfying, then they can exert more effort to improve trading and just continue to develop their working skills and strategies in trading.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Even the most basic AI will have to be trained to acquire data on its own, as if you have to input the data necessary for the AI to trade then you might as well just trade on your own as you are still watching the markets and doing a lot of work anyway, still taking into account how advanced AI has become in almost all fields it is a mistake to think that somehow trading and investing are beyond its grasp, so it wont be long until AI makes an even greater breakthrough when it comes to predicting the markets, it is just that we are never going to see it published online as anyone that can achieve those results can keep that AI for themselves and make a fortune.
Market couldnt really be predicted no matter how AI would really be developed or would progress. It would really be still that depending or varying on the info that had been accumulated or been that put up and since we do know that this market could really move into different or tons of of variations then there's no way that it could really be predicted via AI type of trading or something to those applications which would be used on trying out to predict market possible price movement on which i dont really believe about those probabilities but somewhat there are really still that relevant usage
of these things not only just that limited into this field.
It can, it will, and probably it has already happened, AI is making progress even on fields in which it was thought to be impossible for this to happen, so it stands to reason that if there is a limited number of traders out there which can get fantastic profits, then why an AI cannot do the same? For a long time it was thought that computers will never beat a world champion of chess and yet it happened long time ago, and now they are way better at the game and no world champion has any chance at all of beating them, then I do not see why trading could be any different.
hero member
Activity: 2296
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Cryptocasino.com
the presence of AI which is significantly smarter than bitcoin would be massive increase in productivity but I think there's no popular AI so far for that.
in the future if there's company that can make such AI im sure they would gain success, the AI will be set up based on our preference then it will get rid of the burden from many traders to do things automatically.
hero member
Activity: 2702
Merit: 540
DGbet.fun - Crypto Sportsbook
AI is not the good one for the day trading,because the AI trade based on your input.If the market undergo the sudden change the AI will trade in the loss.So it also made you get some loss,for the day trading you need to spend the time to analysis on daily basis.The point which suit to inverse is most essential one,because the day trading is purely based on the minor pump in the 24 hours of time.Even in the bear run,in some point the price increases for some point.The day trader will wait for that point to sell their holding in a same day.
Even the most basic AI will have to be trained to acquire data on its own, as if you have to input the data necessary for the AI to trade then you might as well just trade on your own as you are still watching the markets and doing a lot of work anyway, still taking into account how advanced AI has become in almost all fields it is a mistake to think that somehow trading and investing are beyond its grasp, so it wont be long until AI makes an even greater breakthrough when it comes to predicting the markets, it is just that we are never going to see it published online as anyone that can achieve those results can keep that AI for themselves and make a fortune.
Market couldnt really be predicted no matter how AI would really be developed or would progress. It would really be still that depending or varying on the info that had been accumulated or been that put up and since we do know that this market could really move into different or tons of of variations then there's no way that it could really be predicted via AI type of trading or something to those applications which would be used on trying out to predict market possible price movement on which i dont really believe about those probabilities but somewhat there are really still that relevant usage
of these things not only just that limited into this field.

AI is not the good one for the day trading,because the AI trade based on your input.If the market undergo the sudden change the AI will trade in the loss.So it also made you get some loss,for the day trading you need to spend the time to analysis on daily basis.The point which suit to inverse is most essential one,because the day trading is purely based on the minor pump in the 24 hours of time.Even in the bear run,in some point the price increases for some point.The day trader will wait for that point to sell their holding in a same day.
i disagree with this one AI is different with conventional trading bots where it will go as your preference and if things goes wrong all goes wrong, AI in itself stand for artificial intelligence meaning its just like human just artifcial therefore it could make its own analysis, so based on the data you give to the AI it will make decision that is very human like therefore if there is ever any AI that was designed for day trading it will be awesome and very helpful.
even if market goes wrong it could make long term decision and not trade in loss therefore nothing gonna go wrong with AI day trading.
meanwhile, with bots, its just matter until the setting is outdated and the bots trades in loss.

People should really know the main differences with bots and with AI which same as you said that they could make out adjustments but AI nowadays didnt really still get able to reach out that
point on able to assess up such condition and make out adjustments basing into that. Nothing beats out human intelligence specially on assessing on various situations and would be making
out those relevant actions which are needed to be done for you to be able to cope up if there would really be some drastic changes.
hero member
Activity: 2940
Merit: 715
AI trading is not the answer to make you trade successfully and profitably. It will even make your trades at worst especially if you are not aware how to day trade using AI. While it may work for professional gamblers but it’s different when you resort into using AI without having initial experience on it. Instead, focus on trading all by yourself. It’s not wrong to achieve losses because that’s where you get to learned and improve your trades. At the end of the day, you will see growth as a trader because of the personal experiences you have achieved.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
AI is not the good one for the day trading,because the AI trade based on your input.If the market undergo the sudden change the AI will trade in the loss.So it also made you get some loss,for the day trading you need to spend the time to analysis on daily basis.The point which suit to inverse is most essential one,because the day trading is purely based on the minor pump in the 24 hours of time.Even in the bear run,in some point the price increases for some point.The day trader will wait for that point to sell their holding in a same day.
Even the most basic AI will have to be trained to acquire data on its own, as if you have to input the data necessary for the AI to trade then you might as well just trade on your own as you are still watching the markets and doing a lot of work anyway, still taking into account how advanced AI has become in almost all fields it is a mistake to think that somehow trading and investing are beyond its grasp, so it wont be long until AI makes an even greater breakthrough when it comes to predicting the markets, it is just that we are never going to see it published online as anyone that can achieve those results can keep that AI for themselves and make a fortune.
full member
Activity: 896
Merit: 117
PredX - AI-Powered Prediction Market
I have no experience trading with AI, and I have no plans or intentions to use it because I am still more comfortable trading in a natural way because it is different for us to witness and feel things that we do not yet understand in actual trading itself on an exchange.

Then again, I haven't read or seen anything that testifies that there is a lot of community here in the crypto space. AI trading is proven and tested, right?
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
AI is not the good one for the day trading,because the AI trade based on your input.If the market undergo the sudden change the AI will trade in the loss.So it also made you get some loss,for the day trading you need to spend the time to analysis on daily basis.The point which suit to inverse is most essential one,because the day trading is purely based on the minor pump in the 24 hours of time.Even in the bear run,in some point the price increases for some point.The day trader will wait for that point to sell their holding in a same day.
i disagree with this one AI is different with conventional trading bots where it will go as your preference and if things goes wrong all goes wrong, AI in itself stand for artificial intelligence meaning its just like human just artifcial therefore it could make its own analysis, so based on the data you give to the AI it will make decision that is very human like therefore if there is ever any AI that was designed for day trading it will be awesome and very helpful.
even if market goes wrong it could make long term decision and not trade in loss therefore nothing gonna go wrong with AI day trading.
meanwhile, with bots, its just matter until the setting is outdated and the bots trades in loss.
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