what do you think the future have in store for BTC trading and mining?
For trading, one of the effect that AI will have on new traders is that it will make new traders to be lazy and sometimes it can be to the extent that they no longer will trust their analysis because of depending too much on AI. Depending on only AI's in trading will have some traders not developing and improving in their skills with time. I always ask myself if it is possible that one day AI's will just b banned completely, if it happens and some traders are already dependent on these AI's, it will difficult to change back to normal trading. 
Topic: THE FUTURE OF AI ON BTC TRADING AND MINING (Read 158 times)
AI is helpful for crypto traders but I don't how AI will help Bitcoin mining, it's impossible OP, there are few Layer one projects that are based on data economy like Oraichain, that's what I expected if AI is ever going to benefit crypto for real, another good AI project is the generating image AI, I can't remember the real name again, if AI is ever going to help crypto mining it will be a brand new mining algorithm specifically for a coin, maybe investors will have to purchase an AI that will start mining the coin as if you are running a master Node with Raspberry Pi, Bitcoin algorithm is fixed for ever and it can't be modified again, so forget AI ever helping Bitcoin mining one way or another, it's impossible.
Artificial intelligence is on a fast track. Task that were once considered to be time consuming and energy sapping are now completed within minutes using AI. some traders sit for hours in front of their gadgets analyzing charts and studying trends yet they end up making bad trade calls, but now there are AI bots that analyses the market and places trades automatically even while you sleep.
So friends, what do you think the future have in store for BTC trading and mining?
Yes, AI currently significantly impacted various fields and industries by providing quick and automated responses to tasks or research that ought to take some hours or minutes to execute but in the cryptocurrency trading market, AI trading bots have been in existence before the introduction of ChatGPT people don't just pay much attention to it until influencers market hype the AI tools. So friends, what do you think the future have in store for BTC trading and mining?
I feel this artificial intelligence bubble will soon burst because we are getting to a point were we believe computers will do everything on their on without the need of man which isnt possible, before things get worse lets allow our brains to work!
Btw their isn't much of a difference between our beloved google (search engines) and AI today because the only difference is this gives answers based on latest findings and whatever information its fed is likely the answer it will give.
So asking AI for trading info will definitely be biased and should not be recommended , as for mining well this could turn to a new algorithm that doesn't require this power hungry mining like the fork we saw with ethereum which means future isn't certain.
Btw their isn't much of a difference between our beloved google (search engines) and AI today because the only difference is this gives answers based on latest findings and whatever information its fed is likely the answer it will give.
So asking AI for trading info will definitely be biased and should not be recommended , as for mining well this could turn to a new algorithm that doesn't require this power hungry mining like the fork we saw with ethereum which means future isn't certain.
Artificial intelligence is on a fast track. Task that were once considered to be time consuming and energy sapping are now completed within minutes using AI. some traders sit for hours in front of their gadgets analyzing charts and studying trends yet they end up making bad trade calls, but now there are AI bots that analyses the market and places trades automatically even while you sleep.
So friends, what do you think the future have in store for BTC trading and mining?
Real traders won't simply change their behavior and become reliant on AI, as they are not good compared to their experience and wide market understanding. I know AI is somewhat taking us to the new design of trading and it really helps newbies to capture the market movements faster but when it comes to decision-making, this technology isn't really great for me. If this gonna be a big blowout in trading, I'm gonna be thinking that the majority will then move to trading as well for they already have winning assurance using AI. That really sounds impossible, it is only made to add traffic and hype AI technology. So friends, what do you think the future have in store for BTC trading and mining?
Artificial intelligence is on a fast track. Task that were once considered to be time consuming and energy sapping are now completed within minutes using AI. some traders sit for hours in front of their gadgets analyzing charts and studying trends yet they end up making bad trade calls, but now there are AI bots that analyses the market and places trades automatically even while you sleep.
So friends, what do you think the future have in store for BTC trading and mining?
Artificial intelligence is revolutionizing all sectors globally. Using it to gather and analyze data might not be wrong but I think humans need to make the final decision. Other factors can affect or determine trades that bots might not be able to handle. Artificial intelligence can also be prone to errors which means they can make mistakes. It could also be attacked by viruses or hacks which can make it malfunction. Many people have lost money because they depended on AI predictions. Using AI is not a bad decision but relying solely on these bots can be costly. So friends, what do you think the future have in store for BTC trading and mining?
Artificial intelligence is on a fast track. Task that were once considered to be time consuming and energy sapping are now completed within minutes using AI. some traders sit for hours in front of their gadgets analyzing charts and studying trends yet they end up making bad trade calls, but now there are AI bots that analyses the market and places trades automatically even while you sleep.
So friends, what do you think the future have in store for BTC trading and mining?
AI is taking over and it is extremely efficient but it also has its own lapses. People have been using trading bots since a while now but they still have to work based on the programming and settings from people. We have seen lots of people using bots make huge mistakes of using millions of dollars as gas fee for transactions of just few 100s dollars. We've also seen bots trading 100 thousands of dollars for peanuts as a result of error which can be avoided by human.So friends, what do you think the future have in store for BTC trading and mining?
AI is cool and taking over. But when it comes to their application into cryptocurrencies trading, the users should be extremely careful.
With trading AI technology do have a place in our hearts because AI has proven to be very helpful, I can't wait to see what newer version of AI are capable of, at the end of the day I hope this is the oy thing that AI can do for we humans because I believe that AI can possibly outsmart humans, that's why I believe that we need to be careful with AI technology, giving up the world information for something that's not human is already dangerous, making them more advanced will be even more dangerous.
Mining and AI has nothing in common, there is no way AI could be helpful with mining because crypto mining is algorithm based, meaning even if you build a phantom computer that's blazingly fast it still won't be able to mine Bitcoin, the algorithm needs to be implemented from scratch.
Thats why all Bitcoin miners are build from the scratch to mine Bitcoin only bases on it's algorithm, and any other coins that has the same algorithm as Bitcoin, aka Sha-256 can work with Bitcoin miner too.
Mining and AI has nothing in common, there is no way AI could be helpful with mining because crypto mining is algorithm based, meaning even if you build a phantom computer that's blazingly fast it still won't be able to mine Bitcoin, the algorithm needs to be implemented from scratch.
Thats why all Bitcoin miners are build from the scratch to mine Bitcoin only bases on it's algorithm, and any other coins that has the same algorithm as Bitcoin, aka Sha-256 can work with Bitcoin miner too.
Artificial intelligence is on a fast track. Task that were once considered to be time consuming and energy sapping are now completed within minutes using AI. some traders sit for hours in front of their gadgets analyzing charts and studying trends yet they end up making bad trade calls, but now there are AI bots that analyses the market and places trades automatically even while you sleep.
So friends, what do you think the future have in store for BTC trading and mining?
So friends, what do you think the future have in store for BTC trading and mining?
For me there is no connection between AI and mining.
The future of mining is simply more and more efficient chips, and therefore a higher global hashrate, and of course a continuously increasing mining difficulty.
This will have the impact of leaving out those who pay expensive electricity, and limiting the possibility (unfortunately) for small miners to try their luck at solo mining a block of BTC.
I don't see how or under what circumstances artificial intelligence can or will have a direct impact on SHA256 mining
Artificial intelligence is on a fast track. Task that were once considered to be time consuming and energy sapping are now completed within minutes using AI. some traders sit for hours in front of their gadgets analyzing charts and studying trends yet they end up making bad trade calls, but now there are AI bots that analyses the market and places trades automatically even while you sleep.
So friends, what do you think the future have in store for BTC trading and mining?
Though A.I has been developed to help deliver task that were once considered to be time consuming and energy sapping within minutes, I doubt if A.I will be able to always give an 100% accurate trade suggestion all the time. Because what A.I does is make decision base on current market trend movement, which most times not always reliable for profit making. But the most important thing now is that with the use of A.I it will help traders make a better decision when combined with their physical trading skills. So it's a nice development. So friends, what do you think the future have in store for BTC trading and mining?
The market is unpredictable unless if the Artificial Intelligent knows everything and can predict 1000% every move I would like to join them the fact what happen now is they can't predict the market 100% accurate like we all do but it might can help to search the news and etc if all people around the world uSing AI for trade the market wont move at all right?
And I don't have any idea relation between and AI and Mining at this point
And I don't have any idea relation between and AI and Mining at this point
Artificial intelligence is on a fast track. Task that were once considered to be time consuming and energy sapping are now completed within minutes using AI. some traders sit for hours in front of their gadgets analyzing charts and studying trends yet they end up making bad trade calls, but now there are AI bots that analyses the market and places trades automatically even while you sleep.
So friends, what do you think the future have in store for BTC trading and mining?
In mining, let it be alone with the miners and it doesn't really need some AI in doing that. The computing power that's being produced by ASIC miners is what it exactly needs. As for trading, having forecasts and analysis, they'll just base on the numbers that they can gather through the web and that's what they'll just say. So, maybe in the future we'll see a more advance AI discussing things that we'll accurately have in terms of trading but when it does happens, do you think that exchanges will still be there if everyone will just rely on AI for their accurate winning trades? I don't think that it will ever be allowed by these exchanges or if they do, there will be some counter measures and standards set by them or else, they'll go bankrupt. So friends, what do you think the future have in store for BTC trading and mining?
Artificial intelligence is on a fast track. Task that were once considered to be time consuming and energy sapping are now completed within minutes using AI. some traders sit for hours in front of their gadgets analyzing charts and studying trends yet they end up making bad trade calls, but now there are AI bots that analyses the market and places trades automatically even while you sleep.
Isn't it we have trading bots already?
So friends, what do you think the future have in store for BTC trading and mining?
There are a lot for AI to be really train specially in trading, there are signals that might be interpret in the wrong way. And there are events that can't be anticipate that will affect the price to the upside and downside.
I agree that AI is on fast track and every sector are being affected positively (or negatively). They could automate the trading process as what trading bots is right now, but there are some parameters that human intervention is still needed.
AI will work in traditional markets as the prices are more predictable. Crypto markets are known for it's wild volatility so AI will be less useful unless it can incorporate all the whale wallets, their timings in the markets, and other global macro events and how they affect the crypto markets
Artificial intelligence is on a fast track.
Same way the the means we got scammed were increasing each day through the use of AI, many unscrupulous users were never been careful o how to avoid such means whereby they scammers use AI to launch a malicious attack on them by many means they appear vulnerable.
Task that were once considered to be time consuming and energy sapping are now completed within minutes using AI.
There are some things that we ought to take as responsibility ourselves and not assume the work of bot before they were being performed, use of AI could ease the incidence of laziness among our youths, while some may make use of such avenue to manipulate cheats on a system byecotting the whole process.
some traders sit for hours in front of their gadgets analyzing charts and studying trends yet they end up making bad trade calls, but now there are AI bots that analyses the market and places trades automatically even while you sleep.
Bots can buy and sell for you in performing your trading but can they still act accurately as you can do? Remember they were being programmed and have the limit to how far they can go or do.
So friends, what do you think the future have in store for BTC trading and mining?
Virtual world, the metaverse that makes everything appears real and we are already moving closer to that, but it still takes more efforts and research to get all these in place over time.
So far, most of the replies we are giving are based off what we have today but again don't you think that 10 years from now AI would have really improved and gotten 100 times better than what we have today?
True that but AI makes things easier. It can do reserach for you in an instant. You don't need to spend lots of hour researching the internet with the same guidelines and suggestion given by AI. For example, a newbie in trading can just ask AI to create a code for him according to the length of investment he wanted, then in an instant AI can generate this code and with some fixing can be able to use it for trading.
AI is really a great assisting tool more accurate than humans in doing research. We just need to be precise about the command and what we wanted it to show us.
I love your response.
As it concerns cryptocurrency trading and investment the AI technology is just another over hyped scientific discovering. Using AI to analyze or initiate your trade doesn't guarantee you making a 100% good trade. The volatility of the market is something that AI technology can get a hold of to determine in the way many out there are expressing it.
True that but AI makes things easier. It can do reserach for you in an instant. You don't need to spend lots of hour researching the internet with the same guidelines and suggestion given by AI. For example, a newbie in trading can just ask AI to create a code for him according to the length of investment he wanted, then in an instant AI can generate this code and with some fixing can be able to use it for trading.
AI is really a great assisting tool more accurate than humans in doing research. We just need to be precise about the command and what we wanted it to show us.
I love your response.
As it concerns cryptocurrency trading and investment the AI technology is just another over hyped scientific discovering. Using AI to analyze or initiate your trade doesn't guarantee you making a 100% good trade. The volatility of the market is something that AI technology can get a hold of to determine in the way many out there are expressing it.
True that but AI makes things easier. It can do reserach for you in an instant. You don't need to spend lots of hour researching the internet with the same guidelines and suggestion given by AI. For example, a newbie in trading can just ask AI to create a code for him according to the length of investment he wanted, then in an instant AI can generate this code and with some fixing can be able to use it for trading.
AI is really a great assisting tool more accurate than humans in doing research. We just need to be precise about the command and what we wanted it to show us.
There are areas of human activities where AI can really fit in without huddles buy definitely not seeing it doing same in trading as is every chances of it making bad trades. So what's the hype for!
Well, I think it depends on the input and kind of input request of a person using that AI. The result generated by AI is always dependent on the input and request of its users.
Although AI covers a large chunk of data that can be use to make quick decisions but one thing that stands out is its lack of flexibility. AI makes predictions based on the program data it’s built on or rather some past predictions made by people but cannot think an away out if a new case arrives like human will do.
In bitcoin trading or cryptocurrency at large the market is affect with so many factors that differs day by day and only with common sense can this things reasoned out. Just like the congestion of mempool by BRC20 tokens, can AI be able to add this into his decision making process and see how it can affect trading? No. This lack of Robustness is why it is such a big gamble to trust AI on trading tips
In bitcoin trading or cryptocurrency at large the market is affect with so many factors that differs day by day and only with common sense can this things reasoned out. Just like the congestion of mempool by BRC20 tokens, can AI be able to add this into his decision making process and see how it can affect trading? No. This lack of Robustness is why it is such a big gamble to trust AI on trading tips
Artificial intelligence is on a fast track. Task that were once considered to be time consuming and energy sapping are now completed within minutes using AI. some traders sit for hours in front of their gadgets analyzing charts and studying trends yet they end up making bad trade calls, but now there are AI bots that analyses the market and places trades automatically even while you sleep.
So friends, what do you think the future have in store for BTC trading and mining?
As it concerns cryptocurrency trading and investment the AI technology is just another over hyped scientific discovering. Using AI to analyze or initiate your trade doesn't guarantee you making a 100% good trade. The volatility of the market is something that AI technology can get a hold of to determine in the way many out there are expressing it. So friends, what do you think the future have in store for BTC trading and mining?
There are areas of human activities where AI can really fit in without huddles buy definitely not seeing it doing same in trading as is every chances of it making bad trades. So what's the hype for!
None of them is the **best**. No AI can predict what the market move will be next. Can the AI tell if $PEPE was going to make 3000x gains in a week? Nope.
Literally, no one can predict any market, you can speculate on the basis of previous moves when the indicators reached a particular point.
Literally, no one can predict any market, you can speculate on the basis of previous moves when the indicators reached a particular point.
Don’t seek for the easiest ways to make money it’s just going to get you lose money. Crypto-currency trading is a field that need you to actually learn how it works and understand trades yourself know your indicators, and very importantly when to stop loss and take profits.
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