Time to invest AI coins? - page 7. | Bitcointalksearch.org

wxa7115

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Quote from: Teraboy on September 27, 2023, 09:04:56 AM

although AI coin might seem promising since it utilize AI thats currently very hot around the globe, but I don't think we've seena ny good AI coming from cryptocurrency yet.
if someone know, could I find AI that gives good product like openAI and even many other AI though? most I see is just having AI name but have unclear utilisation.

That is because those coins are nothing but hype, I have yet to see a single AI coin that does something unique that you cannot see in another platform without the need to buy their token.

And in that case why would any person invest in those coins? The only reason left is to use those coins just to speculate with them, but in that case you have thousands of coins which can perform the same function as well and given enough time those other coins could generate way more hype than AI coins.

Teraboy

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although AI coin might seem promising since it utilize AI thats currently very hot around the globe, but I don't think we've seena ny good AI coming from cryptocurrency yet.
if someone know, could I find AI that gives good product like openAI and even many other AI though? most I see is just having AI name but have unclear utilisation.

bayu7adi

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I believe the hype around AI is nearing its culmination, as it has been nearly a year since its emergence. AI gained popularity with the release of ChatGPT, and subsequently, many individuals experimented with various AI systems employing diverse mechanisms.

https://coinmarketcap.com/id/view/ai-big-data/

Based on this data, it's evident that AI and Big Data tokens are currently experiencing a decline in transaction volume and prices. Therefore, it's entirely reasonable for me to assert that the cryptocurrency industry's AI sector is entering the late stages of its hype cycle.

wxa7115

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Quote from: savetheFORUM on September 25, 2023, 09:41:09 AM

That will always happen, whenever there is a trend, and if that trend is popular because of a good project or something just like how AI got so much popularity because of projects, especially ChatGPT which got significant success in a very short period of time, but apart from such good projects, there will always be some projects that will simply use the name of the trend to get some hype or popularity because people will see the name and get into it.

This thing has happened all the time, if NFTs were popular, a lot of projects used the name and scammed a lot of people, this is still happening, and the same thing is true with AI, there might be some good projects but there will be a lot of fake ones as well which are just using the name and aren't providing any use case or utility related to AI.

Investors need to be incredibly careful when trying to follow those kind of trends, as the reason there was a rush to invest in AI projects was because of the release of ChatGPT, but ChatGPT unlike bitcoin or ethereum is not a project which originated from this market and it is instead completely independent from it.

So those AI coins do not really have any kind of high potential and they are just riding the coattails of ChatGPT, and we can prove this is true as AI coins have been around for a long time and they barely made any noise until right now.

Sebas.tian

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Quote from: |MINER|

I saw another such topic in alternative discussion, but let's talk here. We all know that AI is going to create revolution in the future. But according to the current situation, I think there is a lot of hype about AI coins. So investing in these coins is very risky in the current situation. But those who do day trading and understand technical analysis well can gain good profit here through short term trading.

But it will be difficult for long term traders to achieve something good from their investment because those altcoins are not good for long term, and those altcoins can cause someone to lose everything in that period. But if you can embrace Solana in this season to invest, I think you will gain something from your short term trading because many traders are still making progress through that strategy but is not good for long term traders. There is no way you will invest in a potential altcoins and regret from your decision, because there are some altcoins you will invest in this bearish market and before the end of next month you will begin to see some positive changes in your trading that will make you believe in potential altcoins.

jossiel

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Quote from: rwishmila on September 25, 2023, 02:12:02 AM

It's always good to see that the newest technologies get involved in the use cases of new projects. What I personally believe is all the projects should have saved space for upcoming technologies so that they can keep upgrading for good. However, it doesn't change the fact that not all projects bear fruits, there could always be shit projects. Calculated risks, thorough fundamental analysis, etc. can help manage the risks involved with investing in any project.

You have just said it right.

Many are intriguing and interesting projects whether they are AI related niche projects or not. What matters most is how you're choosing a project being an investor.

These projects will always be there and you'll just need to make your own decisions rightly and thoroughly. Apart from that, it is your money that should be invested well.

ShinyStarPrincess

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Quote from: Tahid12 on August 25, 2023, 05:13:26 PM

Ico, ieo, defi, meme, nft and so many altcoin trend came, created hype and then end. I notice, when a new trend start, then trend Related new altcoins are getting lots of investor and become profitable! And seeing such success ratio, scammers also launch their token and destroy the trend and hype with scam. Now Ai coins are in trend. FET, AGIX and OCEAN are suppose to be good for investment. What do you Think? Time to invest AI coins or you avoid?

My best bet is $TAO from Bittensor project!!

savetheFORUM

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Quote from: shinratensei_ on September 04, 2023, 10:32:45 AM

Quote from: kentrolla on September 03, 2023, 11:52:57 AM

It's kinda risky but we have always seen early adopter of any new trend drawing good profit and we have witnesses similar trend for meme coins and NFT when they were new but the sad reality is that it doesn't last as it starts slowing don't once new technology arrives, if you are purely looking for returns then go for it and ensure you cash out at th right time as I wouldn't suggest to bet on it for longer period of time.

I could feel that its gonna be entirely different scenario compared with NFT.
these AI coins as far as I know have been emerging for quite sometime, some of them even well established from years ago so can't really become early adopters nowadays.
moreover many of these AI coins actually are just rather gimmicky in term of utility.
you might try to find real gems of AI that have coins but most of them honestly just trying to take advantage of trends.

That will always happen, whenever there is a trend, and if that trend is popular because of a good project or something just like how AI got so much popularity because of projects, especially ChatGPT which got significant success in a very short period of time, but apart from such good projects, there will always be some projects that will simply use the name of the trend to get some hype or popularity because people will see the name and get into it.

This thing has happened all the time, if NFTs were popular, a lot of projects used the name and scammed a lot of people, this is still happening, and the same thing is true with AI, there might be some good projects but there will be a lot of fake ones as well which are just using the name and aren't providing any use case or utility related to AI.

rwishmila

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Quote from: Tahid12 on August 25, 2023, 05:13:26 PM

Ico, ieo, defi, meme, nft and so many altcoin trend came, created hype and then end. I notice, when a new trend start, then trend Related new altcoins are getting lots of investor and become profitable! And seeing such success ratio, scammers also launch their token and destroy the trend and hype with scam. Now Ai coins are in trend. FET, AGIX and OCEAN are suppose to be good for investment. What do you Think? Time to invest AI coins or you avoid?

It's always good to see that the newest technologies get involved in the use cases of new projects. What I personally believe is all the projects should have saved space for upcoming technologies so that they can keep upgrading for good. However, it doesn't change the fact that not all projects bear fruits, there could always be shit projects. Calculated risks, thorough fundamental analysis, etc. can help manage the risks involved with investing in any project.

RussianEnglishTranslation

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Quote from: Tahid12 on August 25, 2023, 05:13:26 PM

Ico, ieo, defi, meme, nft and so many altcoin trend came, created hype and then end. I notice, when a new trend start, then trend Related new altcoins are getting lots of investor and become profitable! And seeing such success ratio, scammers also launch their token and destroy the trend and hype with scam. Now Ai coins are in trend. FET, AGIX and OCEAN are suppose to be good for investment. What do you Think? Time to invest AI coins or you avoid?

The marketcap for these is too large, I prefer Bird, it's AI and an oracle. I also think DAOs are an AI play. Not many people realize it but in the future, DAOs will manage and profit from the work AI does. That's why I'm bullish on Q Blockchain.

fmz89

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many people said there is only hype behind AI coin without any real interaction AI to blockchain for those called AI coins,
FET specially binance ico that failed from day one till AI takes the stage. without any real proper utilize. these hype already passed on, like AI videos/content began to fade away from spotlight,
while gaming industry now taking really usefull stuf from implementing AI to procedural generated Map, really help for next metaverse game to build virtual world without manual placement

shinratensei_

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Quote from: kentrolla on September 03, 2023, 11:52:57 AM

It's kinda risky but we have always seen early adopter of any new trend drawing good profit and we have witnesses similar trend for meme coins and NFT when they were new but the sad reality is that it doesn't last as it starts slowing don't once new technology arrives, if you are purely looking for returns then go for it and ensure you cash out at th right time as I wouldn't suggest to bet on it for longer period of time.

I could feel that its gonna be entirely different scenario compared with NFT.
these AI coins as far as I know have been emerging for quite sometime, some of them even well established from years ago so can't really become early adopters nowadays.
moreover many of these AI coins actually are just rather gimmicky in term of utility.
you might try to find real gems of AI that have coins but most of them honestly just trying to take advantage of trends.

jaberwock

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Quote from: Boomber on September 01, 2023, 07:25:07 AM

I'm not really interested in AI coin, because it's only temporary hype, therefore instead of investing in AI coin, it's better for you to invest in BTC, ETH or BNB, because currently the price of BTC, ETH or BNB is being corrected and this your opportunity to buy BTC, ETH or BNB and hold it until the next bullrun, because I'm sure when the bullrun occurs, then the price of BTC, ETH or BNB will definitely increase very high and give you a big profit.

The hype might be temporary but a unique AI project related to crypto can stay longer in the space so they can be worthy to include in our portfolio. Our primary asset or the base of our portfolio is still Bitcoin and maybe some other alts that you said there. We should only invest on the newer trends if we have an extra budget.

I don't think it's a correction that hit the top coins because they dump harder last time. While the hype around AI have also fallen down, so the value of the AI coins are now in their normal state. This is a good time to invest on both types of coins. I believe that when the bull run occurs unique AI projects are going to be lifted too.

WatChe

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Quote from: kentrolla on September 03, 2023, 11:52:57 AM

It's kinda risky but we have always seen early adopter of any new trend drawing good profit and we have witnesses similar trend for meme coins and NFT when they were new but the sad reality is that it doesn't last as it starts slowing don't once new technology arrives, if you are purely looking for returns then go for it and ensure you cash out at th right time as I wouldn't suggest to bet on it for longer period of time.

There are so many Alts out there that are well established and available at discounted rate at the moment. Better go for them rather then risking your money for something that is very new and entered crypto only because its a buzz word. I don't think investing in AI based coins is good idea as its not related to Fintech. Its now become a norm that anything that is popular has a crypto token.

kentrolla

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It's kinda risky but we have always seen early adopter of any new trend drawing good profit and we have witnesses similar trend for meme coins and NFT when they were new but the sad reality is that it doesn't last as it starts slowing don't once new technology arrives, if you are purely looking for returns then go for it and ensure you cash out at th right time as I wouldn't suggest to bet on it for longer period of time.

@sriyan

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Quote from: Tahid12 on August 25, 2023, 05:13:26 PM

Ico, ieo, defi, meme, nft and so many altcoin trend came, created hype and then end. I notice, when a new trend start, then trend Related new altcoins are getting lots of investor and become profitable! And seeing such success ratio, scammers also launch their token and destroy the trend and hype with scam. Now Ai coins are in trend. FET, AGIX and OCEAN are suppose to be good for investment. What do you Think? Time to invest AI coins or you avoid?

If you checked the recent bounties in the Bitcoin talk, you can see most of the bounties are AI coin projects. That means there is a future for the next bull market. I will suggest a few of them below. These 02 projects are currently in the presale stage. They will be listed on CEX soon. (Q4 2023)

Eg :
1. Cogwise
2. GPTverse

Yamifoud

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Might AI coins will soon to hype but probably not this time, not this year. Not really a bad decision to buy these coins but if thinking that it will be bullish, I still don't think so. I would say that we must act cautiously when investing in new projects, they are not yet tested so it was hard to tell and overthink what would happen to them. Still, the best thing to do and it is quite safer is to invest in top altcoins. We don't need to rush nor we can compare them to meme coins which really gain attention and massive short-term investors and think that it will occur to AI coins.

goaldigger

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Quote from: 2Pac on September 02, 2023, 01:20:41 PM

Quote from: |MINER| on September 02, 2023, 12:07:06 PM

We all know that AI is going to create revolution in the future.

Not a revolution. Maybe it will make our lives easier. I don't call it a revolution.
AI coins in the market right now are all shitcoins. There is no AI coin that I can trust and invest.

There’s no rush to adopt AI projects as they are still in the development period and yes there’s no good project right now to invest with, most of them are just riding the hype and will turn into a scam later on. AI might be the new trend now but if you really want to be more safe then do your research before investing. AI can be a big help to many projects too, and I’d hope that they will maximize the opportunity to have this option in the market, we should be open for this kind of development.

2Pac

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Quote from: |MINER| on September 02, 2023, 12:07:06 PM

We all know that AI is going to create revolution in the future.

Not a revolution. Maybe it will make our lives easier. I don't call it a revolution.
AI coins in the market right now are all shitcoins. There is no AI coin that I can trust and invest.

|MINER|

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I saw another such topic in alternative discussion, but let's talk here. We all know that AI is going to create revolution in the future. But according to the current situation, I think there is a lot of hype about AI coins. So investing in these coins is very risky in the current situation. But those who do day trading and understand technical analysis well can gain good profit here through short term trading.

Topic: Time to invest AI coins? - page 7. (Read 1519 times)