Which is more profiting self trade or AI - page 5.

BD Crypto

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Quote from: Odusko on July 17, 2023, 04:10:15 PM

Will you prefer to trade with AI or you prefer to do the trading yourself?

There are really some unbeatable features which are offered by AI trading. The most effective usecase is that it helps to remove human emotions. Because every trader face this obstacle when they get panicked or fomo and can't make a proper decision.

Also AI Algorithms may not be effective in case of unexpected events or volatility. Then you may have a lose because you was totally dependent on AI trading. So there are some major obstacles to implement properly. That's why I will suggest self trading but to get more accuracy and without emotional trading AI can be used as a tool. Obviously AI Algorithms should be developed ,tested properly to get the most advantages from it.

royalfestus

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I discovered that AI has its limitations, particularly in terms of lacking access to high-quality and up-to-date data for precise predictions. Moreover, it struggles to cope with unforeseen market manipulations and the inherent risks associated with the unpredictable behavior of traders and the cryptocurrency market as a whole.

el kaka22

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Self trade is obviously a lot better one, if you are capable of making your own trades then you are going to end up making a profit that would be a lot better so it would be important to make money that way. If you rely on an AI to make that money then you are going to end up regretting it.

There are a lot of AI programs that people promote these days and that's not going be acceptable and that is why I suggest that it is not going to be ideal to pick one, that's not going to be acceptable at all. I think it is quite important to make sure that you are realizing what could be done with your own power and that will be much better. This way you do not rely on anyone or anything and make your own profit and that can't be taken from you.

usekevin

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Some people using the AI for the trading,it’s not a good sign for trading.Some people using the AI for the trading,but it’s automatic one.So it’s possibility of both profit and loss.Because the stop loss should be kept to avoid of loss,the automatic loss should be avoid by keep of stop loss in a trading.Manual trading is best for all the time,it help us to analysis the market at every point.Most of the experienced traders will do the analysis and do the manual trading compare to the AI.

tjtonmoy

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Not having control over what you are doing is not something that I want. And what about the fact that the crypto market is unpredictable? One strategy will never work for long. AI may have self-learning technology, but you need to provide it first. If it is a new thing in the market, how will AI detect it and change its actions accordingly?

I like to have control over my own shits. So it's a no from me. Trading should be fun, not something that you just watch from afar. Do it yourself, learn it and it will be with you forever. What if you lose the AI. What if it's gone one day? Think for the future. Your success is in your hand, as well as your downfall. So if you do it yourself, you can change that outcome. Now figure it out on your own, what you want to do.

RewFrew

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My thinking self trading is more profitable from AI trading. AI trading is just like a bot trading only follow instruction. But self trading is depend on a person decision. So i think self trading is best it can easily change decision anytime. Ai trading is new concept. Recently we are seeing this trading concept. But cryptocurrency market is always unpredictable, if any new situation were happen then AI will not able to face that situation i think because AI operate by coding and if work smoothly in familiar field. But self trading is always depend on me. So i can change my decision when which need.

abel1337

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I still haven't used any AI in doing my trades because of the reason that I don't have one or access to one. I'm also a bit skeptical with the end results that an trading focus AI can do since I'm pretty sure that developers would limit its capabilities given that it can destroy the market if the full capabilities is release in the public. As of now, I'm still confident with my skill and has no plan on using or trying to explore on how to use AI on trading but someday, there will be a time that Trading focused AI will become dominant compared to real humans on trading.

tvplus006

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Quote from: Odusko on July 17, 2023, 04:10:15 PM

...Will you prefer to trade with AI or you prefer to do the trading yourself?

In order for you to be able to answer your question, you should try trading with AI and already based on the result you will be able to independently conclude which type of trading is more profitable for you. As for me, I'm not ready to entrust my money to AI yet.

teosanru

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Quote from: Odusko on July 17, 2023, 04:10:15 PM

Lately, there has been some development here in the integration of AI in trading on some stock assets and cryptocurrencies, and to a large instead, AI has ground in acting and executing trades and recording profits, but it has not been for long so as we can't tell what the success rate will be, but for the fact that the reality on the ground has shown and proven their existence in trading stock, so as that which one will you prefer if AI is proven to be effective.
Will you prefer to trade with AI or you prefer to do the trading yourself?

If you can create an AI tool yourself or forget AI just a bot yourself which can automatically do trades based on criteria you had fed then there is nothing better than that for sure. But if you are buying some cheap third party bot for trading or even third party AI for trading then it's definitely not worth it. Even if it gives you good profits for sometime eventual result would not be something that you would want. So obviously don't go with AI or bots.

Odohu

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One of the greatest weakness of traders is emotion; human emotion always interfere with our judgement, this is why traders loose while using even a winning strategy. So I believe if AI is well trained on a proven winning strategy, the aspect of emotion will be eliminated and the result will be far better than human managing the trade.

The major challenge is that AI have not been proven to be adaptive as the market in itself changes over time. In all, suitability is the key as everyone will opt for what best work for them.

livingfree

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So, it's gotta be with the AI help giving the thoughts about the market sentiment in the chart. With that approach, I am optimistic with that and it is going to help a lot of trader to have insights of what's with the market currently.

If there are features like that then that's going to make the job of traders easier. But at some point, you don't always rely your trades to them and you still need to know what you're up to and what you're doing.

There's the help but with your decision making, it's going to be an important factor for your wins/losses.

YOSHIE

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Quote from: Odusko on July 17, 2023, 04:10:15 PM

Will you prefer to trade with AI or you prefer to do the trading yourself?

I've seen some of my friends use AI crypto trading bots, such as: 3Commas, TradeSanta and CryptoHopper all use intelligent design, Even though the bot has good and safe bot technology, still some of my friends complain about unsatisfactory results.

It is a sign that AI crypto trading does not guarantee real profits in crypto trading features, this reason can be strengthened again by statements such as:

Quote

Is AI crypto trading bot worth it?

Crypto trading bots can be a valuable tool for active traders, but there are also some drawbacks to consider before using them.

Quote

Do crypto trading bots really work?

There is no easy answer to this question, because there is no one-size-fits-all answer to the question of whether crypto trading bots actually work or not.
There are a number of factors to consider when determining whether or not a bot will be effective, including the specific bot used, the market conditions in which the bot is used, and the skill of the trader himself.

Quote

Does AI crypto trading bot make money?

Yes, crypto trading bots can make money. However, there is no guarantee of success and it is important to remember that past performance may not necessarily indicative of future results.

From some of the quotes above, if I consider and analyze from my friends who have done AI crypto trading, it is clear that I choose crypto trading with analysis, predicting my mind, as before.

justdimin

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Quote from: jeraldskie11 on July 19, 2023, 08:56:42 AM

Quote from: Odusko on July 17, 2023, 04:10:15 PM

Will you prefer to trade with AI or you prefer to do the trading yourself?

Bot trading is best if you don't have time to trade, and don't have enough knowledge in trading. But I prefer to trade my own money because I don't believe that bots or AI can sustain in the long run. I have knowledge in trading and I keep on learning new things that I discover from trading and adapt it to my next trades. I know it hard at first but gradually you will understand how trading works and what's the best thing to do if you encounter consistent losses. Since we are humans that have emotions, we have to handle it and avoid being controlled by our emotions, because if you do you can be profitable in the future.

If you do not have much knowledge about trading, then bot trading is terrible because the bot trades based on certain things that you need to configure and if you are terrible at trading then you are not going to be good at it neither. I bet that the best thing to do would be making sure that we are handling it ourselves, so that we can use the bot to it's best capacity. I know that it will not be as hard as manually trading, but it's also not that easy enough to make even newbies trade and earn a lot of money.

A lot of people tried to build something that people could make money from without ever knowing a single thing, nobody has achieved it ever. This is why everyone should be considering the situation a bit differently before approaching it.

Dzwaafu11

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Quote from: Odusko on July 17, 2023, 04:10:15 PM

Will you prefer to trade with AI or you prefer to do the trading yourself?

I'm not sure how it may benefit other traders; perhaps AI bots will help them by generating profits, but for me, I cannot use AI bots to trade, and even if I could, I wouldn't see the point in using a bot because I think that in the long run, AI bots may stop working properly, and I might end up losing everything. So you can see that I don't think this is a good idea. Even so, I would advise anyone learning to trade to persevere until they have mastered it rather than learning a little bit and then utilizing an AI bot to trade because I don't believe that is safe.

Because they can't sit down and think about how the market will move, when to buy and sell, and other things that need to be done while trading, I believe the majority of people who use AI bots to trade currently will end up losing money despite any potential profits. I wouldn't really describe a trader who uses AI as brilliant since he isn't using his brain, and in my opinion, that's not how trading is intended to operate.

armanda90

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How to implement trade trough AI (Artificial intelligence), I don't have ideas with trading could manage trough AI because not any expert have accurate predicting with trading. I know how technological advances developed by AI but how possibilities for applying with trading need research and can't speculate about some coins price later. I don't think have perfect did by AI exactly with their robot trading due previous tools with trading way never guarantee 100% become success.
I think more profitable with self trade than adopt with technology for AI (Artificial intelligence), there are can't make us on profitable always due that technology created by human and have weakness.

Silberman

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Quote from: Odusko on July 17, 2023, 04:10:15 PM

Lately, there has been some development here in the integration of AI in trading on some stock assets and cryptocurrencies, and to a large instead, AI has ground in acting and executing trades and recording profits, but it has not been for long so as we can't tell what the success rate will be, but for the fact that the reality on the ground has shown and proven their existence in trading stock, so as that which one will you prefer if AI is proven to be effective.
Will you prefer to trade with AI or you prefer to do the trading yourself?

I do not have any option at this time, if I want to trade I need to do it on my own as I do not have access to an AI that can trade on my place, however if did had the access to it I will need to evaluate how it trades based on the data of the past and testing it against many different markets, and only if the AI shows a significant positive difference on its performance then I would think about making a change, otherwise I would prefer to keep trading the markets with my own skills.

adzino

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Quote from: Odusko on July 17, 2023, 04:10:15 PM

Lately, there has been some development here in the integration of AI in trading on some stock assets and cryptocurrencies, and to a large instead, AI has ground in acting and executing trades and recording profits, but it has not been for long so as we can't tell what the success rate will be, but for the fact that the reality on the ground has shown and proven their existence in trading stock, so as that which one will you prefer if AI is proven to be effective.
Will you prefer to trade with AI or you prefer to do the trading yourself?

Why would you risk your funds and leave it to a bot to do your work? Yes, AI can trade for you, but I doubt there is any "perfect" AI trading bot. If there is, everyone would have invested on it and start using it. No one would self trade to make profit, don't you think? There are reasons why people aren't using AI to trade. Too many errors and not having any control over the trade is I guess one of the reason why they don't want to trust AI. Imagine an AI wiping out your entire balance for just an error that a human could avoid..

Xampeuu

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Quote from: Litzki1990 on July 19, 2023, 01:31:01 PM

One can try to learn some unknown information about trading from AI technology but AI technology cannot be directly depended on for trading and I will never directly depend on AI technology for trading. AI technology will make human work easier but AI technology will not do human work human work has to be done by human only AI technology will save your time and take your idea to another level. When it comes to trading there are so many unknown things that we can learn using AI technology, we have to try to know all these things. In the case of trading, we use AI technology and sit safely depending on AI technology, but we will not get success in trading. To achieve success in trading, we need to conduct trading activities manually.

AI trading is indeed a smart trade, but what we need to know is that AI trading doesn't involve emotions, and that's what manual trading gets. if manual trading is good, I think it will be more optimal if you use AI trading, but if on the other hand, we only rely on AI trading, I think it will actually backfire in the future, because the control remains with us. many people can't wait to learn manual trading, that's why many people take shortcuts and in the end most traders experience defeat

Slow death

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reading your thread I immediately remembered the guys who are on the internet saying that it has a bot with the highest technology in it, others say that it has an AI so they soon consider themselves specialists in the market and that is why they are the best choice, just ask people choose the plan they want and pay and then they just need to keep receiving the profits daily, it's funny that many people fall into this type of scam and don't ask the scammers to show proof of the existence of that bot or AI

so by that I mean that I prefer to continue doing my analyzes personally and I will always do so, I don't want to depend on any AI if there really is an AI capable of being very successful in this cryptocurrency day trading market, if we look deeply into it , we will see that the AI does not think for itself, it was put a lot of data and based on that it would make a decision, it does not think, so the best thing is for people to trade for itself, if a person had an AI capable of having many hits in the trade then that person would be rich in a short time

Litzki1990

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One can try to learn some unknown information about trading from AI technology but AI technology cannot be directly depended on for trading and I will never directly depend on AI technology for trading. AI technology will make human work easier but AI technology will not do human work human work has to be done by human only AI technology will save your time and take your idea to another level. When it comes to trading there are so many unknown things that we can learn using AI technology, we have to try to know all these things. In the case of trading, we use AI technology and sit safely depending on AI technology, but we will not get success in trading. To achieve success in trading, we need to conduct trading activities manually.

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