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

I believe ApexOne AI has solved the issues with AI Trading by using quantum computing.

My experience with them so far has been great.
My $240 deposit is now worth $310 in the span of 55 days.

My ROI is only at 0.5% per day I could have gotten a better rate but settled with 0.5%

There have been AI related coins since a very long time ago but they never received the attention they are receiving now, however with the reveal of ChatGPT the circumstances changed dramatically and opportunistic developers and scammers took advantage of it.

And even if there were a few projects that were worth anything, now is almost impossible to find them thanks to the huge amount of AI coins which have been created recently.

It seems to me it's just another hype. No doubts, it's a useful tool that can HELP you, but it won't do the entire work instead of you. You must have skills, knowledge, vision to success

When you say about AI in gambling, it is indeed luck-based while AI cannot make predictions with 100% luck.

In some Sportbetting AI will analyze the players who are playing at that time, and AI will provide detailed information on the condition of the team and the condition of the player.  AI will start predicting from the results of the analysis, it depends entirely on the available data.

Whereas in trading, there are already many data and tools that can be used.
AI will read it all and will present complete data for you as an AI user.

Implementing AI in trading and gambling right now has already started to try to predict the actual outcome based on historical data and probability. A lot of programmers are already experimenting with it because we knew the tools were already online, and for sure, in trading, it has already started, but the problem is that it is not 100% correct. Just imagine that in gambling, even though we know that it is a luck-based game, you still lose because AI can't predict it. Now that I have an AI in cryptocurrency, I can't imagine how they implement it, but let's see if it is a promising project or not.

Currently, a lot of things can be learned technically using AI and various blockchain data can be collected using it. As AI companies are getting better day by day and are technologically ahead by it. In that case, if any technology is used by AI that can be combined with cryptocurrency, then AI can be considered as the best technology in the future. But it's hard to say how sure it will be because currently using AI isn't making much progress in cryptocurrencies or trading. But already many people have benefited a lot from using AI but not mainly in the field of training but on other subjects. As many times it is known that it is possible to predict trading and gambling by AI but I think it will never be possible. We will not use AI in cases where trading and gambling using this AI will not be effective.

In my opinion, AI in cryptocurrencies is just another hype. Trading bots have existed for a long time, but it is not so easy to successfully use them at a distance, as there are situations where decisions have to be made by a human. AI is the same as trading bots, in essence.

For starters, this could be another hype that makes a lot of people FOMO. But on the other hand, this coin can also be a way for someone to make a profit, and maybe even more people. If he can take advantage of the AI coin hype moment, this will be a big thing. especially now, the world seems to be in a condition where the hype of AI projects and AI applications is very popular. So the developers also create crypto AI projects that will attract the attention of investors too, especially new investors who are interested in various promotions and sweet promises.

But once again, once it's a hype coin, it will expire. So, make it a habit to analyze which projects can really last a long time and tend to go up in the future. Not just temporary hype.

You’re on point mate. AI has inevitably improve more user’s confidence when trading because this AI has made trading easier by following these trading bots though I still think that they’re not proven reliable at some point. But instead of trading the traditional and the hard way, beginners have found it more comfortable to trade using AI but also with some caution in trading, and by letting them aware of the risks involved in it.

AI isn't a new tech to be considered that it's still in infancy, Deep Blue was introduced back in 1995 although it's considered a system and not an AI per se, it still served as our basis of understanding of how an AI should work so no, AI isn't in it's infancy, the current iterations are just more advanced and more commercially available than the others in the past and there's more applications to it in the present compared to in the past. It's continuous improvement will be obvious, there's no way for technology to go but up and I think that AI is definitely a game changer for trading especially if it finally shows a consistent results that can be proven by many people.

AI is like the top selling point of 2023, all the major companies are jumping on the hype and are looking for ways to integrate it in their business models. It's good that trading companies are doing the same, but computer automated trading is nothing new, it's been around for a long period of time already. Maybe now with the sophisticated AI programs there are more options to find profitable strategies. My main concern is how reliable these strategies are and if they are going to persist or if its only a short term phenom. And still in any case we should at least try and find value on AI. For anybody that has the technological knowhow I would recommend to run at least a demo portfolio with AI based strategies.

Innovation is something inevitable or something that cant be stopped on which it would really be just that so normal that there would really be a time that comes that it is really getting that much attention and recognition on which it would really be just that normal that it would temporarily would really be the main talk in town. We cant really tell its just that been a hype considering about its application and utility on which we could really be able to tell that its existence is really that relevant. It is really just that there are people who are really that skeptical if ever they would be seeing something new.

AI application on trade? Yes possible but not something that we could really tell that it would be revolutionary.There might be some aspects that it would really be that relevant but not all the time.
This is why we should really be having that realistic approach on things so that we wont really be that anticipating or expecting that much specially on positive results or outcomes
which we know that its never been that predictable in the first place no matter what.

True. AI has gained a lot of conviction right now because accept it or not, it’s here for good and not just a hype or a game-changer. However, with all the positive testimonies I have been hearing from AI, I believe self trading is still unbeatable. Since trading takes no shortcuts and is always learned the hard way, then you should never trade unless you have developed the knowledge and skills required, because that’s the only way you will have to avoid some losses from trading. Having AI maybe a blessing for beginners, but it can never be reliable as much as self-trading can transform us.

AI will stay with us with all the developments every developer will make because they want to make something that can help human activities. But AI still needs further development to make AI that can understand trading, including analyzing market conditions.

Meanwhile, we are still using bots that have been with us for a long time. But using the bot requires skills, analysis and experience so we also need to check the commands in the bot.

But if AI can have even more complicated commands in the future, maybe AI can do the analysis and give it to us. AI might be able to show which coins have the potential to go up shortly. But until that time comes, we can only imagine what the future of AI will look like.

Yes, it could be a game-changer for some who excel in its user knowledge but for beginners, which are clearly less knowledgeable and less experienced, they’ll still have a trouble if they resort trading using AI. So it depends on the user itself. However, if asked if it will be here for good, probably yes. AI has proved its advantage on some fields or aspects, and maybe with more studies and experiments in crypto trading, it will also be a reliable tool in the future.

There was a test the other day I saw online and it said that some people worked on checking what the success rate was on some integral questions and showing how it solved. The rate dropped from somewhere on the 90+% to somewhere to like 2% or something.

Anyone who has worked with chatgpt would tell you that it has gone worse, I have used it time to time to write stories for a novel, not really write the whole story but I am working on a novel myself and ask it some question to get some help, my aim is not to make it write my novel for me, I just want to make sure I have the facts right and not say something factually wrong. Instead of using wiki, I use chatgpt and even I can tell you that it has gone worse.

Research on AI has been going on for a long time. But the concepts started to materialize recently. One of them after the launch of ChatGPT which became viral in cyberspace. Followed by the application of AI in various sectors. Even in China there are TV stations that are starting to use AI as a presenter or host. Even in Indonesia, TVOne is one of the TV stations that has developed a concept and started introducing AI presenters.

And specifically in the Crypto field, I haven't seen a direct contribution from AI to this industry. But some AI projects do create coins/tokens within their AI project ecosystem. And for now AI is just like hype in the crypto field. Because there is no direct benefit from an AI for this field for now.

AI is not a new technology rather quite an old one. AI has its summer and winter from time to time and we now have another summer for AI. We don't know whether AI has finally arrived or it will have its next winter soon.

AI is a game changer in crypto trading? We have to wait for a while to see its answer. To me in trading primary thing will be human mind and AI will be a useful tool to assist that human mind.

Right, it's been there for more than a decade. Chatbots are literally AI and people aren't just looking at it as one because of the branding success of what chatgpt and other companies that have an AI project and product.

Yup, those bots that we've used for trading. They've been there long time ago and it's not just one but many of them. Only a few became recognized and maybe somehow that only a few traders gets to have the advantage of using those.

This is the part people should realize, AI has been developed for many years now, technically speaking we could say that it has been developed for decades as well, we have never been this close and there was a breakthrough and that is why it's more popular right now. It wasn't this public before, but it got more and more public.

If anyone remembers, there were AI chatbots back in the day, you would make it say things and it would develop based on what it learns, but people didn't let it learn real things and made it like nazi or something as a "fun" thing, to mock it basically. This time it's a bit more closed down publicly from central companies to develop it, but public to use it and that way it does pretty decently and I bet it will get even better.

In early 2023, AI-type tokens or coins experienced quite a high hype after ChatGPT went viral in the community. So that several AI projects such as OCEAN, AGIX and others have experienced quite high and sustainable increases. But hype is still hype. Because we can see that now the hype has died down and all AI coin prices are starting to fall back to the levels they were before the AI ​​hype started. But the AI ​​hype can come back suddenly so I personally collect some AI coins to be prepared if the Hype does happen again.

AI continues to develop so when there is good news about AI, we must be prepared for the increase that can occur in AI-type coins. Singularity here is what I like the most. Because it has projects in the works that are even said to want to beat ChatGPT in the next few years. Dwyor

I strongly believe that we would see more AI powered-projects because of their codes are freely available on GitHub sand some other places on the internet. My two predictions are that most people will not do their research and will end up investing in these project because it has the word "Artificial Intelligence" only for the bot to just burn all the money in transaction fees. The core principle of investing and trading shouldn't thrown away because a project is AI supported. For example you must learn how to set a stop loss.  My second prediction is that AI to know an AI best performance, test it against Live trading and see how it performs.

ChatGPT is without a doubt the best chatbot that has existed, however an AI dedicated exclusively to trade the markets has been on the making for a very long time, however we do not hear about it as trading and investing firms keep their research under strict secret as they know that any advantage they may gain can be the difference between making a fortune or not.

It is because of this so many talented people work at those firms, as they need all kind of people developing mathematical models and improving their AI to keep themselves competitive against other financial firms.

This is cryptospace and anything I mean everything is possibly to be achieved only if they are determined to work towards it, how do I mean?
People don't always showcase their real intention ( be it project owners) towards the general public and to their community in general, they could came with an intention of AI-driven project without having to presents all the qualities it needed to be called an AI oriented project. However, as a trader or investors you should know things like always ends being hyped.

From my understanding, there has been lots of AI projects that has been existing for long and my question is that; Since all this projects has been existing does it mean that they haven't exhaust those their usecases?


As a beginner you do not need to enable a trading bots, as most times trading bots do malfunction and whenever its happened there is always problems within those exchange or between those users who implemented those tools and the risk is to their own detriment and, the exchange doesn't support or bear risk that may comes at the later ends, for instance just as those who does copy trading and their risk are not subjected to the exchangers that is why you must take caution and cautious of how you implement those tools.

Honestly, AI isn't just there for the first time since the bull run or by just last year or this year just because chatgpt became popular. It's been there for years and the adoption that it's getting was quick because of how the mass media helped its way. But going back and relating to the market, that means that bots (ai) have been there for a long time. And if someone wants to get passive income through trading, that's not gonna happen through ai, as a trader you still need to manually check and do the trade for yourself.

This cycle will continue and the Era where AI technology dominates will truly occur. Just look at how the implementation of Ai technology is in all fields of knowledge, especially in crypto, of course it will be a more modern future. The Ai project is not a game changer, but it is like a tool that will make crypto more powerful and can make it easier for users to carry out any activity. Everyone now seems to be familiar with Ai.

Remember that it won't work on its own, it will still need human intervention as you still need to set them up.
Many people thought that once they integrate AI in their trading, it will work on their own and just collect profits.
So yes, many are mistaken on this idea because they have misconception when it comes to AI capabilities.
It may not be a hype but the current advancement in our technology, but to exhaust its potential, as I mentioned, it needs human programming.

I agree that AI is better than those projects before and it actually gains more interest knowing that AI is considered one of the used tools these days. I say it was a hype and a game-changer but despite the capability it has, we shouldn't have to be solely reliant on this as is still have some limitations for sure. However, as the development continues and their competition, we can expect better and better AI technology that can be applicable in all areas.

Hmm, First of all for the OP I had already posted my view/comment. Secondly, I was observing some sort of spam posting by a few users in the Trading section especially as OP had 3 back to back active topics with a -ve reputation.


Bro game changer can be because trading is not for everyone but Investment opportunities are widely available for everyone in the context if AI really gets proper implementation as always being on the same point what I had previously it really needs time, it can really change the game for those who want the passive income from the trading because AI will make way faster and effective technical analysis for the reading patterns will the piece of cake and etc luxuries the new ones can enjoy.

But the point is with the consequences when everyone will use Ai and bots they influence market emotion will get reep out which is one of the major consequences leading to a nonvolatile and sideways-moving market because there are bots and AI with the same behavior driving the market. So AI is good and ad in our ways but for now we don't need to are about it. On-time can discuss it in a more precise way.

Considering that AI is on its infancy and already created this much hype, usually what kills any hype is that nothing improves. This is also not just about crypto, AI is in everything we do and its an important thing and that's a difference. However, even if we just think about crypto terms, we can say that things like DeFi and NFT and all that they just existed, stayed the same, didn't improve much and lost their hype because of that. Now that we are looking at the situation right now, we could say  that AI will keep on improving and being better, and that is why its not just another hype, its going to be something a lot bigger than what it is today because it will improve for sure.

Game changer? I used to hear that a lot as a description but no way, these AI projects are not game changers. We're in a market that keeps on changing a lot every time a season dries off. And if something new comes out again, they'll say that it's another game changer and the cycle goes on until you'll get used to that term which will be used by more projects in the future. I am not even sure if there's going to be an end for these cycles because they just keep on coming and reinvents something new.

I am not entirely sure if that would happen or not. I am sure that some will try but I bet that not all of them will try the same thing. Think about it, if you are making a profit based on this, then why would you have any type of changes on the long run regarding what you are doing.

There are so many projects that end up working hard towards what they are doing, and this is why I believe that it's going to be a difficult job to make it work. So if you are binance and make billions a month, every single month, why would you want to risk that and put some AI in there? It could hurt you more than it helps you, and when you are already doing that well, there is really no reason why you should be doing any different things.

We can't deny that these rumours about AI are getting stronger. And suppose the developers are still working hard on developing this AI until humans can use it and help with their daily activities. In that case, AI can really fulfil its promise. And we also know that AI development is currently supported by ongoing technology. But for now, the development of AI hasn't been published thoroughly because maybe the developer hasn't found a suitable model. But AI can become the next trend if there is a project that dares to open up its project and show the public that, in the future, AI can work optimally in helping human activities. But I haven't tried the AI in Bitget, so I don't really know much about it.

As with any tech trend, there will be both genuine innovations and empty promises. It's important to be cautious and do thorough research before jumping on the AI bandwagon in crypto

For me, AI doesn't need cryptocurrency or cryptocurrency doesn't need AI.
What can I only see is using AI on some platforms that is a cryptocurrency that is needed automation, just like trading.
Which for me is normal and we already saw these before even in the non-cryptocurrency market.

tl;dr

This is just another hype post towards Bitget exchange which is obviously a scam exchange. When you will stop promoting that scam exchange? Or you are getting paid by promoting it in exchange for a negative trust here?

Well to answer this one, I believe that it will just be another hype like in DEX, ICO's, NFT's etc. etc. AI has been hyped for months already, and I've only heard a few projects that is related to AI unlike NFT's back when the hype is on it's peak where you can see new projects, new games, new NFT's everywhere. I don't know if I'm just not updated, but I guess there are only few projects right now that's associated or at least have a connection with AI.

Is AI a crypto changer? It might be, but the question is how will the old, and the new projects integrate AI with their project. I'm not a developer, but it's good to see projects that integrated AI on their product.

AI helps people to shorten the time required to research about the token's fundamentals and technical. Studying technical is a time consuming job and most people pay money to the experts to do it for them. But with involvement of AI, fundamentals are cheap or free to reach every traders. With such ease of access to fundamentals, there would be lesser risk on trading. Though this may make the market more homogeneous hence stable making swing trading less profitable, one's looking for high profit need to venture to much riskier markets.

This topic has been discussed several times on this forum. Why not ask this on some of the existing posts? But if you are too lazy to do that, let me tell you again. AI usage in trading is a no-brainer. It does help, it is capable of calculating the market more correctly and giving out much more accurate predictions. But what are you learning from it? Are you able to learn something which will come in handy in the future? Of course not.  All you are doing is using something to do the job for you. You are learning to use the bot but not learning how to trade. The best way to make you understand this is to say, what if the AI is gone suddenly one day? What will people do? Those who are using this AI for a long time and who have learned nothing so far.

We need to learn it first and then use the help of AI to see how accurate we are. We need a place to co-exist. Not someplace where one particular thing dominates the whole area. AI is powerful, not gonna lie. But we need our own touch in that too. Make the best use of anything to your advantage. Control it but don't let it control you.

It can be useful to other things or areas and might not be applicable to others. But because of its popularity these days, we can say that people become more and more interested in this, it's a hyped actually. However, it was just to know that AI have also some limitations and sometimes they are wrong which is the thing I worried and delivering misinformation could be leading to misconception and confusion in the future. That is why we shouldn't have to be solely reliant on this tool as it probably fails. 

AI is just a tool, I don't see any difference from then and now it just so happen that this era AI becomes more known, because of chat gpt but then AI has been used by many companies even before 2023. It can be very useful to industrial but for crypto yes it can be a thing as well. But AI is AI it will have some flaws and it is not perfect it can either help people or if misuse it can people as well.

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.

AI is the next trend/hype after meme coins. I couldn't say it was a useless project because many people had already benefited from this technology but we must also know that everything has its limitation. It can be applicable to some areas but can also be not suitable to others like in trading. I'm not sure if it will be effective on gambling as I didn't try it but I think I shouldn't use it as well. So for now, we are still uncertain about the output of this technology, it is too early to draw a conclusion, and we still need to be cautious when investing.

Lets assume those bots actually work, if millions of people are selling at the same time and buying at the same time too then the strategy will stop being effective, and then those newbies will be back at square one.

Now you may wonder why a strategy can stop being effective if more people use it? And this happens because on the markets you are competing against other traders, and the more of them use the same strategy the lesser the reward for each of them, this is why good traders never reveal their complete strategy since it plays against their self-interests.

These are projects are just riding the trend and hype whatever it is in the market. And right now, it is with AI. But what's going to be the next one with it?

We're done with so many trends and many of them becomes like a cash cow to the most of them. They know how to handle the craze and not just that but also to take advantage of it.

If you're that type of person that they're targeting, you'll mostly lose your money in the long run chasing these trends.

AI as a technology is here to stay even though I don't yet see it playing an active rule for crypto on-chain. But for off-chain operations like query the blockchain and doing stuffs with the blockchain data is one area that it currently excel. The best technological advancement of the future could be from a combination of AI and crypto technology.

For trading, I'm not sure how AI could help exchanges improve their products or how it would help users make better trading decisions.

Defi,AI,NFT or any other possible trend could really be next in line but not really that much effective because the market is still on bearish run or mode.We might be seeing the current trend
on which im not really that sure about on what it is but not really that making up some noise because of the market condition.Usually these things could really be seen on the time that
bull run is starting. Now that we are progressing in terms of technology upgrade and other innovations then it wont really be shocking that trends would really be something like this.
You would really be able to see on what projects would flourish out and which projects would really be left behind and expect that if the trend would be going with AI coins or projects then expect
that the market would be flooded out by lots of AI coins in the market on which its never been something new if we do speak about it.Game changer? Yes but only a few would really be
recognized heavily by the community and the rest would really be just copycats and would really be trying out to get some market share in the market on which its never been something new.

In the current crypto landscape, we're witnessing an influx of AI-powered projects. However, it's crucial to remain skeptical as many of these projects lack solid evidence to support their claims of being AI-driven. It appears that some are merely trying to create hype to sell their tokens without substantial technological backing.

On the other hand, certain CEXs are incorporating AI into their trading bots, particularly for grid trading. They assert that this move allows beginners to take advantage of trading strategies without needing extensive expertise in the field.

For instance, Bitget has integrated AI into its grid trading system, and it's likely that other exchanges are exploring similar paths. But the big question remains: Will these AI implementations truly deliver on their promises or will they become obsolete in the future, dismissed as mere trash? As a crypto enthusiast, it's crucial to keep a watchful eye on the advancements and critically assess the real value that AI brings to the crypto space.