Will you use platforms offering AI help for crypto trading in 2024?

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Quote from: R100K-Martin-Lunger on December 21, 2023, 06:02:03 AM

Hi guys! Happy holidays! Just wanted to know if you're planning on using AI bots and such technologies to boost your crypto profits in 2024. And now that I'm talking about this, I'm curious if you've already started to use AI for taking trades.

It's still different trading using AI bots rather than just focus on our owned learned skills and strategies. With AI, you cannot control your future trading outcome, but with human ability to trade, we can always maximize the positive outcome from our trades. So I still go with my own capabilities to trade and leave AI as it is.

I will probably use AI but not when it comes to trading. Trading will be a lot perfect and profitable if we have more experience in the market, so I'm never gonna use AI but stick to own own capability to trade.

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Quote from: R100K-Martin-Lunger on December 21, 2023, 06:02:03 AM

Hi guys! Happy holidays! Just wanted to know if you're planning on using AI bots and such technologies to boost your crypto profits in 2024. And now that I'm talking about this, I'm curious if you've already started to use AI for taking trades.

Why not?
If these ai bots are going to help me win more of my trades why not? As long as there is a testimony from other genuine users that they've been helped.
And they're able to make more winnable trades then I'd give it a try and much better if they're for free. Cheesy

freedomgo

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Quote from: R100K-Martin-Lunger on December 21, 2023, 06:02:03 AM

Hi guys! Happy holidays! Just wanted to know if you're planning on using AI bots and such technologies to boost your crypto profits in 2024. And now that I'm talking about this, I'm curious if you've already started to use AI for taking trades.

It's not totally wrong if you want to adopt AI in your trades, as long as you know what you're actually doing and you have high knowledge in trading. AI is making its trend in the crypto trading, and in few years from now we will see it's more developed in the crypto space. But even so, I still believe that human intelligence and human skills and strategies will be more suitable in trading to achieve highest rate of success rather than entrusting into AI at such unpredictable market.

I will not lie that I'm really planning to adopt AI in my trades in the future. But until its work performance is not yet smooth sailing, then I have to trust my own instinct and intelligence in trading without fears and doubts.

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Quote from: Nrcewker on December 22, 2023, 12:22:58 PM

Quote from: R100K-Martin-Lunger on December 21, 2023, 06:02:03 AM

Hi guys! Happy holidays! Just wanted to know if you're planning on using AI bots and such technologies to boost your crypto profits in 2024. And now that I'm talking about this, I'm curious if you've already started to use AI for taking trades.

AI can be useful to gather information based on past trends. If you use AI to take financial decisions, then it won’t be helpful at all. In my opinion AI hasn’t developed so much that it can take the necessary decisions at necessary time. I have seen many people losing money on trading due to AI bots. You can do calculations and projections using AI, but completely relying on it to make profit can really be harmful. I won’t suggest anyone to use AI if you have big funds to trade.

If you use them like that ( to gather info's ), you are still going to based your decision on it. But there may be times that our decisions will differ to it, especially if we also add our own analysis on top of them. It's always better to decide for our self. And doing so can eliminate heavy regrets. Just in case the result didn't come very well.

AI's aren't new. They are improved now, and continue to be improved. But AI's will always be AI's. AI bots might have two types. One is they can decide for you but the other can only do automated works. Those how use the first one were maybe not confident about their ability. Basically they already know the consequences of doing it, and they can accept it easily.

Eldestyoung

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100% yes and is very advisable to use an exchange that offer AI for crypto trading especially this upcoming bull run season!!

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Quote from: R100K-Martin-Lunger on December 21, 2023, 06:02:03 AM

Hi guys! Happy holidays! Just wanted to know if you're planning on using AI bots and such technologies to boost your crypto profits in 2024. And now that I'm talking about this, I'm curious if you've already started to use AI for taking trades.

I did not follow the AI trading bots and I have reasons for that, maybe the reason for me is not good for others. AI bots are not trustworthy they do not have a mind but depend on or work on software and sometimes there are technical issues that arise and will destroy your whole fund. The second reason is that most did not capture the sudden change in the market and give you the wrong production which may result in loss. There are many other reasons but the safe thing is to go and learn as much as possible because that learning will help more than these AI bots and you can handle your friends on your observation and analysis and do what you want to your fund.

Russlenat

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Quote from: R100K-Martin-Lunger on December 21, 2023, 06:02:03 AM

Hi guys! Happy holidays! Just wanted to know if you're planning on using AI bots and such technologies to boost your crypto profits in 2024. And now that I'm talking about this, I'm curious if you've already started to use AI for taking trades.

I have plans for AI to use it to some other matters but not in crypto. I still don't see it being reliable when it comes to future trading results. I still prefer my own knowledge and skills to be apply when trading, at least I know my capability is. Trading is never fixed and remains uncertain ever since, and trusting AI for your trading funds would only create a bigger risk.

However, I have high hopes that AI will work in time. Most probably it needs a longer time before we will see AI being valuable in trading.

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Quote from: michellee on December 24, 2023, 05:47:51 AM

I haven't used any AI bots or similar technology. I prefer manual trading to help improve my ability to analyze the market. I can't rely on AI because the market situation is always changing. And I don't know whether the AI bot can detect the change or not.

So far, I have not seen an AI bot that can determine whether the market will go up or down. Maybe until development can enable AI bots to see where the market is headed, people can use AI bots to trade. But until then, people are better off trading using their analytical skills.

In trading, we must make our decisions based on the results of our market analysis. Don't rely on what the AI bot gets because we don't know how the AI bot works. But if there is an AI bot that can detect market movements and provide a possibility of where the market is heading, it will really help us analyze the market further.

As far as I understand AI can not update data so fast. It requires much more time than is needed for a successful trade. For this moment AI cannot compete with a human in this matter. And I sent think that it will happen in the nearest future.

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Personally its not worth yet when trading use platform offering AI help, due own and manual research get possibility losses in trading how it worth when using AI for crypto trading. Its just tool only without get accurate prediction with bitcoin or altcoin price and don't waste your time or your money with tools can't help more how to earn much profitable in trading. Actually I don't found with AI platform help for crypto trading and how their research or technical use when trading or investing in bitcoin.

Quote from: Etranger on December 24, 2023, 05:07:28 AM

I am not sure how exactly AI could help in crypto trading, to be honest. Whenever you ask Chat GPT, for example, what he thinks about the future bitcoin price, he replies that he doesn't manage this kind of information and he can not give such predictions. Even some new trading tools are out of his concern, he doesn't know much of using them. I still believe that trading is a prerogative of a human being, because it requires quick decisions, navigating through tons of information and creativity.

AI platform is human product and they have weakness exactly adopting for cryptocurrency trading, make by your own research and using right technical when trading or investing in cryptocurrency will profitable than use platform offering AI help.

michellee

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I haven't used any AI bots or similar technology. I prefer manual trading to help improve my ability to analyze the market. I can't rely on AI because the market situation is always changing. And I don't know whether the AI bot can detect the change or not.

So far, I have not seen an AI bot that can determine whether the market will go up or down. Maybe until development can enable AI bots to see where the market is headed, people can use AI bots to trade. But until then, people are better off trading using their analytical skills.

In trading, we must make our decisions based on the results of our market analysis. Don't rely on what the AI bot gets because we don't know how the AI bot works. But if there is an AI bot that can detect market movements and provide a possibility of where the market is heading, it will really help us analyze the market further.

Etranger

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I am not sure how exactly AI could help in crypto trading, to be honest. Whenever you ask Chat GPT, for example, what he thinks about the future bitcoin price, he replies that he doesn't manage this kind of information and he can not give such predictions. Even some new trading tools are out of his concern, he doesn't know much of using them. I still believe that trading is a prerogative of a human being, because it requires quick decisions, navigating through tons of information and creativity.

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Quote from: R100K-Martin-Lunger on December 21, 2023, 06:02:03 AM

Hi guys! Happy holidays! Just wanted to know if you're planning on using AI bots and such technologies to boost your crypto profits in 2024. And now that I'm talking about this, I'm curious if you've already started to use AI for taking trades.

I see nothing wrong in using AI help for crypto trading. but I would not 100% rely on AI to make my trading decision. AI applications and websites proved to be useful for us in many ways so using AI for trading analysis and other trading aspects is not a bad idea.
I don't know if there is any AI trading bot but Trading bots is not a new thing. there has been several Automatic Trading bots which people use to trade and make profit such as CAT bot and Gunther Bot, I don't think AI Bot would be much difference than a traditional Trading bot. or maybe those bots we know already running on AI.

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Yes, if only AI or trading bot has atleast 95% accurate in trading and managing my money or profit, but if not then no, because at this point I still don't believe in the capability of those trading bots in managing the decision for trading or handling the decision for me, because even if the AI now a days seems more advanced and useful its still can't handle the unpredictable of the crypto market and as we know AI or artificial intelligence rely on information or data and market has no definite patter or movement so every time anything can happen in the market which is AI could not handle that's why I don't support using trading bots in this days and also it will make the traders, new traders to be specific to rely only on using this tool they should not be called as traders more or less just hunger for money.

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I actually do search something like that, that would help me in my trades however I don't think they are the one who is going to trade for you but rather give information about the status of the market and might only give you some ideas that you could use in opening or closing your position.

Though it would be cool if there's something like super AI that would do the trade for you and win every time lol.

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Quote from: R100K-Martin-Lunger on December 21, 2023, 06:02:03 AM

Hi guys! Happy holidays! Just wanted to know if you're planning on using AI bots and such technologies to boost your crypto profits in 2024. And now that I'm talking about this, I'm curious if you've already started to use AI for taking trades.

No, a really automated bot will need to take decisions completely independent from you and it will need to manage your money too, and if that AI was not created by you there will always be the risk that those coins could be sent out of your wallet and you could lose your coins this way, and at least to me the risk is so high that is not worth to adopt an AI which could have been developed by a hacker.

However even if you could create an AI that could trade on your place you will need to place an immense amount of trust in it, since a single mistake could be enough to devastate your account.

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Quote from: R100K-Martin-Lunger on December 21, 2023, 06:02:03 AM

Hi guys! Happy holidays! Just wanted to know if you're planning on using AI bots and such technologies to boost your crypto profits in 2024. And now that I'm talking about this, I'm curious if you've already started to use AI for taking trades.

AI trading has been utilized by many traders for a few years, but I haven't seen any evidence that it can help you be profitable in the long run. So don't be tricked by this feature in the exchanges because trading by yourself is preferable. If you are concerned about not having enough time to trade, my best recommendation is to use copy-trading; the only thing you must consider is carefully selecting a master trader.

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Not yet, I mean I may use it eventually when the time comes, but I do not think that I will use it just yet, I think it requires a bit more time. Of course, this is technology which means that within the same year we could see a brand new development on it that will make it great and then it could definitely be something that I would be interested in, if there is a development with it that makes it super good then I could consider it.

However, during this same period, like how it is currently, then I could say that I am not interested in it just yet. What people do not understand is that AI has improved a lot and it is doing wonderful stuff right now but it is not really "there" yet, it doesn't realize the mistakes, and you need to keep educating it to make it better, which I do not have the time or the money to risk at this point. When it gets a lot better, then I will seriously consider it, and smart people are working on making it a lot better with time as well.

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At the moment, nope. I'm not thinking about using a bot (again) for trading purposes. I'm pretty comfortable with the long-term investment model I'm enjoying right now. When it comes to trading, even with a robot assistant, it doesn't quite soothe my market panic. Yeah, I don't need to be in front of charts every day, but it still messes with my head. Unlike what I'm doing now, I'm quite at ease because I don't have to involve too many emotions in the market. Maybe this is the best for me, long-term investment.

I tried using AI about 3 years ago to assist me in trading. But it made me quite anxious because I consciously had to allow the bot to access APIs that could execute sensitive commands. So, I just gave it a shot with a small amount and left it before my subscription ended.

The profits weren't that huge, maybe around 4%-5% in less than a month. But the risk of granting permission to a bot to access sensitive rights made me hesitant.

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The crypto market does not always move based on calculation and fixed mechanical technology. Rather, sometime it moves based on sentiments. As we all know sentiments are the creation of human emotions. What the traders are thinking and if anything is influencing them in a way which is affecting the market movement is considered a sentimental market movement. AI technology not having the ability to understand human emotions attached to the market could create a difficult situation. Despite using the best strategy using an AI, or the outcome can become quite the opposite.

If you are not able to do it on your own, you should not use automated tools used for tradings. Maybe the tool Will show you some profits at the beginning but when the market moves crazy with sentiments, you may lose everything. Just learn how to trade and use stop loss and take profit. Doing it manually gives the best result.

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Quote from: R100K-Martin-Lunger on December 21, 2023, 06:02:03 AM

Hi guys! Happy holidays! Just wanted to know if you're planning on using AI bots and such technologies to boost your crypto profits in 2024. And now that I'm talking about this, I'm curious if you've already started to use AI for taking trades.

I'd probably use it to compile and scrape data about coins I'm interested in. Granted what I want can be done with available tools though so it actually really depends? Might use it as a compiler to summarize information from various sources though, which btw sounds more plausible as a use compared to asking it what coin I should buy for 2024 instead. I don't think I'd use AI, at least for the next couple of years as an assistant in terms of trying to determine what coins are good or not. It's just not up to it imo.

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