Topic: Is AI in crypto a game-changer or just another hype? - page 3. (Read 524 times)

If we are not new in trading, we will know if using a bot is beneficial for us or not. For starters, they should start manually or they can also read guides to know more about the thing that they are venturing. If the AI/bot of the exchange is well coded then it might attract lots of traders on using them. That should yield the exchange a maximum profit.

It's only up to the trader now if how can they make their trades more effective. The strategy should and analysis should still come from them. Trading platforms are just like a place or market to make the trade happen. Anyway, I believe that AI in crypto is not a game changer but it is only just a hype.

There will always be pros and cons to AI. It just depends on where we see the point of view of using AI.
There are many people who benefit and make it easier with AI today.
AI continues to learn, he will learn everything that is given to him so that AI will continue to grow.

AI in crypto makes it easy to do analysis, fundamentals, and other work that makes trading easy.
But still, as users we have full control, so Ai remains in our control.
See how nowadays, more and more AI crypto projects are emerging so that they will provide more significant progress.

There's a pros and cons with AI and I think experts are already aware of this, if we will not make any action right now for sure AI will disturb our world.
In crypto, having this AI can be both beneficial and not especially if you are doing your business and you will allow AI to be integrated on your platform.
Imagine AI that can know how to break the system in gambling, that's a big threat to the business. Let's see how the crypto projects will handle this AI or else, they will lose their market exposure in the long run.

Left for me right now, I think AI, should be restricted to just fewer functions than necessary because I see the way it is being integrated into almost all facets and sooner than we know it, we might have to retire to Mars or be dead and AI will run the world completely.

It is everywhere these days. More jobs are being replaced by AI, school students now look to AI to complete assignment or projects. This is the future however, but with AI being introduced in trading, in gambling, in tech, in investment,  crypto use of AI for auto trading or copy trading is more real but it still being tested before full openness to users. It's not a hype at all.

The issue with these AI grid trading systems is that if it becomes too saturated then it will no longer work. Say 10 people are using the grid system, should be fine. But eventually since its profitable people will put more and more money into their account balance and the impact will be bigger and require more liquidity.

Eventually too many people will be using these AI trading bots and they will stop working. Some other people might even take trades in the opposite direction because they know its a saturated trade and it will stop working. I don't think the world markets can be traded by AI. Most likely human trading is the most precise.

Or maybe we should just call it this way that AI is a game changer in cryptocurrency trading which makes doing things easier but we are the ones that make an attempt to overrated it's uses and application to almost been applicable to every aspect of trading, though as I've said, AI will make things look more prettier and better but using it on our trade may not be the exact solution to having a better trading experience whenever we make use of AI technology, it's of more benefits than we expect only if we appropriately make the right application for its use.

First of all OP you are having a negative reputation by endorsing the Bitget services from a reputed member, as I don't know the depth of the case still as this topic is not related to your reputation I can obviously show my view on what have you posted, also in the reference post I have seen one more allegation of AI content and your topic is also related to this it will be fun to discuss it.

First of all, Ai is not in our hands yet because it's not a Sci-Fi story its reality the AI we have is nothing in front of the AI we are going to explore in the coming years but the point is with the crypto market, AI has nothing to do with the crypto as in blockchain concept it's just a data securing method or you can say the medium where we don't even need the Ai in actual implementation but the layer on the Blockchain can obviously use the AI to enhance their services such s the layer 3 service as DApps.

Ai can be used in the auto trading bots, but it also had nothing to do with the crypto market because it does not directly influence the fundamentals of the blockchain protocols, It's just replacing human interaction with automation. AI-related crypto projects can surely gain good from this hype. I will say it is hype most of the Ai projects currently are having lacking vision. Some of them are really mindblowing but as for the metaverse, the Ai is also a bubble at least for now. it will take time to setup.

This is certainly another hype so that they can create new projects raise money and then disappear like we usually see in the past, like smart contracts, NFT, Meme, Web3 and so on, was curious which path the altcoin market would move forward without any hype and tending words to attract new users and promising a fortune .

But AI in itself is a game changer but the N number of projects that will prop up in the name of AI are there to take advantage of the unsuspecting investors.

There might be one or two projects that will be good, but majority will be a farce.

I wish we will all say the truth one day, just that truth for once but hype and decieveness will not allow us to say the truth because that is basically where some people take profits from, they love to take advantage of new traders and ignore the most important aspect which is orientation, AI is an innovation, it is here to stay either with crypto or without crypto its just a unique technology that have capture attention of many and just like every other tech there, the hype is still there.

As the name implies it is an Artificial intelligence tech, I don't think here is need for them to be launching worthless token up and down, they don't worth it and just like many other shitcoins, after a while they become abandon, the whale that bought earlier will take their profits and move to the next hype project and that scam continues in that manner, and progressively the coin and token becomes abandon without any development.

Meme era comes to my mind, majority of crypto ethusiast are just gullible money wasters running from one project to another, people wasted so much money of Shiba and the rise of Defi when yearn finance were all over the internet. Don't worry, very soon another hype will soon emerge and they will sheeply invested and waste money without any profit for 365 days, isn't that shameful! 

Some will deliver on their promise and most won't. They'll fade or fail just as most do because they are trying to follow the trend and not create new innovation other than reinventing the wheel or copying and pasting other projects tech. In the future they will be advanced humanoid that are smarter and have a higher computational ability to make more accurate and precise trading predictions.

I wouldn't blame centralized exchanges or known companies or projects saying that they are utilizing and implementing AI in their products but there are a lot of projects that are newly launched making use of the name of AI only to get hype and popularity because they know it's trending at the moment, this has happened with a lot of things in the past like NFTs, Web3, now AI, projects incorporate and represent themselves with one of these names to get more hype.

But the centralized exchanges and existing projects using AI in some of their projects are most probably saying the truth and I believe AI will be a huge thing in the future, we are only at the initial stage of AI developments at the moment and we have already seen products such as ChatGPT take the world by a storm.

In one line if we describe AI in trading, then it’s just a great tool to get information about the coins and the market. If you use AI for more than this, then there is 100% guarantee that you will make losses. A. I will definitely make great trades, but when there is market manipulations, it won’t help. You should always use the AI to gather information and when it comes about trading, then you should take the risk on yourself as it is your hard earned money. So I would say AI is just a basic hype. Real trading takes more knowledge and experience.

No matter how clever the AI is, it still cannot foresee the market. AI is only good at performing things repeatedly, but because crypto isn't work like that, it struggles. I'm not a fan of AI, especially in crypto, because we can't rely on it and I think it's unsafe. If an investor is knowledgeable, he or she will not fall victim to scammers who convince to use AI. They will always consider very carefully before making a decision, which is why most of their decisions have a better possibility of success. We have diverse perspectives on AI in crypto, and we should respect each other's opinion.

This is not new news or related to Bitget, but rather the use of A.I. in CEXs since 2018, and some of them are a bad cycle in creating false liquidity and in preventing some traders from executing their orders, increasing the price of a digital currency and other methods, so it is a double-edged sword and without transparency and monitoring from independent parties, it will turn into bad use.

I think you made a mistake. There is a big difference between using A.I. in applications such as CEXs, and currencies that claim to be A.I. coins, which are a model for Defi, AI, and NFT.

This could be a game changer if this technology will be executed well. But if scammers will just come to it and use AI as convincing factor for investor to pour some money on their scam shits then provably we can see this fail the same with other technology introduce on crypto space.

If no big institution will backed up this technology and implement it to their reputable platforms then only those platforms created for scam then expect that AI hype on crypto will just fade out.

What I think about those AI-powered projects is that out of 100% of them, at least 5 or 10% might really be in business as they claim, but the problem is to really know that! few AI projects that will be able to make it successful. One cannot just Begin to invest in every project that shows itself to be AI-based because the majority of them will be scams. There is one of my bosses who really made a huge profit with a few Defi project, but before then he had really made investments with a lot of Defi that turns shitcoins along the line, but he just kept investing (more like he was gambling then). He just had the money to waste, but when he profited with a few, he really made back almost all the funds he wasted on other shitcoins. Who is ready to make such a gamble on those emerging altcoins?

Won't last forever. Later, others will appear that can replace AI projects. When trading, there are exchanges that provide bots such as Binance requiring the signing of a risk disclaimer statement in trading, for those who already use them, it may not be 100% always making a profit.
For now maybe AI-powered projects can become a new trend, but it won't guarantee to last forever and I'm sure it won't work because it will likely turn out to be utter trash.

Trading bot could be useful in some aspects of trading but we have to understand that this may also not be applicable to many of these trading, seing centralized exchanges making use of trading bot or AI as we may call it can be effectively adopted with them but you can be rest assured that they also employed monitoring system analyst that supports or guide the activities that this AI machines person for their own best of interest, if but they may not yield maximum performance in their system of trading if they only depends on trading bot system.

Before AI-powered projects, we had blockchain-powered projects and you are unable to know about future but you can know about the past because everything are recorded.

Many blockchain-powered projects are scam and already dead. If you see a pattern, many AI-powered projects will be scam and die too because they don't have own data centers to collect data and analyze data. They are like tokens which operate on a blockchain of a big project like Ethereum. If Ethereum die or stop support those tokens, those token projects will be dead.

AI-powered projects which don't have their own data centers, will be affected a lot by policies of giant corporations like Microsoft for data. We have to think of usability of those AI-powered projects too. The later they launched, a more likely they are just copy cats.

Not all of them will survive and succeed but many of them will fail and die.

Can't really overgeneralize it; it's a tool — it can be good if you know how to use it. It's the same with trading bots — it's not something you just turn on and just make money forever.