Will you use platforms offering AI help for crypto trading in 2024? - page 2.

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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 depends.

If I see that AI will increase my chances of winning in my trades then I might come back and trade again, but as of now, I will never, ever trade again. Can I ask if there's any exchange out there that's using AI bots as of this moment? I know that AI bots aren't accurate since they can't predict the market that's why many are against it, but with how powerful AI can be, I think there's a chance that it can increase its accuracy of predicting.

mirakal

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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 bad to incorporate AI into your trades as long as you also have common knowledge in trading and has trading experiences that will help you increase your potentials to succeed. But if you use AI for the first time, having less experience in the trading market, then I would not agree with that, your trade will most likely end up being wrecked.

However, I'm not closing doors for AI. I guess in just a couple of years, we will see good improvements using AI in trading, and probably by that time I will have the courage to incorporate AI in my trades.

Distinctin

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To be honest, I will never do that. I would not dare risking my time and money in trading using AI that is still not reliable if it will result into positive trading results. Maybe in the future if AI has become more developed and has proven lots of successful trades, but next year is still to early to trade using AI, so most likely I will just trust my own instinct in trading and with my valuable experiences in trading, I guess I can do it.

I believe AI will make great potentials in the future. But it takes a lot of time and processes before it will be fully reliable. So we'll just wait and see it in the future if what's AI may store for us.

Fatunad

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Quote from: Japinat on December 22, 2023, 05:24:08 PM

When it comes to trading using my own hard-earned money, definitely I will not let AI control my trades because the chances to be successful is very slim. I would prefer to work on it through my own knowledge and skills in trading. There'll be some inevitable losses and it's normal for traders. But risking my funds just to adopt AI in my trades, that would never be possible.

Probably if I'm born with a golden spoon, I will try to adopt AI in my trades and just come what may, but I'm just a regular trader so I would stick using my own stocked knowledge in crypto trading.

If fully AI-integration or control then it wont be recommended but if it do acts as a tool or aid then it would be considerable i guess.In overall, it would really be that always better that you should really know on how to make use of your own trading skills on which you wont really be that making yourself that relying with any AI. It wont really be something that recommended that you should be making using about automation specially
on trying out to follow these Bots recommendation on which we know that they arent that good when it comes to some fundamentals. Yes, they could really be that relevant in terms of technical or information
aspects but when it comes to fundamentals then it isnt something that you could rely on.

This is why its always that better that you should be making use of that manual approach when it comes to trading so that you wont really be finding out yourself on regretting
just because you've been relying your price entry decisions into AI plus you cant really be that making that kind of skill enhancement or learning on which
nothing beats out if you do gain up things accordingly which it would really be that beneficial for long term.

AakZaki

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never use AI, I only do manual trading with indicators that are already available. I have full control without having to rely on AI. AI might make things easier but it would make it too lazy for someone to learn trading and many already do. AI can be an alternative, but it cannot be the main thing or as a reference because the best reference is to trade manually and know the process.

Japinat

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When it comes to trading using my own hard-earned money, definitely I will not let AI control my trades because the chances to be successful is very slim. I would prefer to work on it through my own knowledge and skills in trading. There'll be some inevitable losses and it's normal for traders. But risking my funds just to adopt AI in my trades, that would never be possible.

Probably if I'm born with a golden spoon, I will try to adopt AI in my trades and just come what may, but I'm just a regular trader so I would stick using my own stocked knowledge in crypto trading.

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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 don't see using AI will increase the potentials to be successful in trading. If there's one thing that will boost my profit opportunities, that would be using my own intellect and gained knowledge and experience from my previous trading journeys. No AI can beat human intellect and proper thinking, so I won't fall for AI.

Experience will make the most in my trades. Not relying on AI for good.

Marvelman

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I haven't personally started using AI to make crypto trades yet. But I've looked into some of those AI bots for crypto trading, and it seems like they could be helpful to automate your strategies and maybe make more money. Though you gotta be careful with them and really understand how they work and

i mean, the bots can supposedly track the markets and place trades for you automatically based on certain rules you set up. The idea is that they can react faster than a human to price changes and opportunities. And they can trade 24/7 without emotions getting in the way. But you still gotta know what you're doing when you program them, or else they might make some weird trades that lose you money.

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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.

Next year is just around the corner, remaining few days and we can say a happy new year to our friends and prepare ourselves for next year projects. Entries are important and we can only survive when we're 100% confident about the market. We just have to do what we have to do to ensure we grab good earnings of the system, either in poor state or good. AI bots to trade? Why would I use a bot when I've basic knowledge of the market and knows how to reinforce my technical and fundamental analysis on the market specifically on the trade I would want to open positions on.

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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 it's proven to be profitable and sustainable, risking using AI might be worth it. Remember that people are using bots before AI, and I believe that there are still traders who are using bots in their day to day trades.

If the AI turns out to be a very intelligent one that are processing it's output just like we humans are (technical analysis and fundamentals), I'm pretty sure that it will overtake us humans on trading. The downside I'm seeing is if someone had bypass the security of the AI and make all the users liquidated on purpose for the benefit of the hacker. We have a long way about utilizing the full potentials of AI but remember that the development today are much faster than before.

Nrcewker

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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 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.

Mpamaegbu

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

I'm curious if you've already started to use AI for taking trades.

I haven't knowingly used bots. I don't like the idea of using such and it's the same thing with Ai. I'm traditional and old school. Leaving my trades to AI will keep me restless. I like to be the one in charge of executing my trades. We've seen scripts fail during unpredictable market circumstances. Scripts are written by humans the same way Ais are too. Again, most exchanges frown at the use of bots and Ais on their exchanges. So, to those ones, using Ais on such exchanges is an infringement. You wouldn't want to infuriate a rule, would you?

cryptoaddictchie

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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.

Not really but if theres a consistent help from an AI why not. Well Ive been using Ai for some of my query on my task and stuff but definitely not on trading. If AI can work ot efficiently helps me win a trade then why not. Im not sure if there are who uses it already but Id bet a lot or relying already there.

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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.

Happy holidays to you too mate. I am already good with my profits and I know that they'll be more in 2024-2025. If I'm in need of a bot, we've got some of them that have been around in the forum for so long and that's what I'll use like gunbot. But honestly, do you really need to have a bot just for your to boost your profits? Because your decisions will still depend on your technique and trades but if that's part of the strategy you have then use them. Don't get it wrong about AI and bots, we've got them already even before introduction of these AI hypes.

macson

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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 only tried using AI or trading bots a few times and the results are really not like my expectations, trading bots are not very good, it is addictive, you will be lazy to trade with your own abilities, indeed the analysis displayed by AI in trading very good but trading bots have significant weaknesses, there are many reports where traders who use trading bots actually lose money because there are many traders who actually entrust 100% of their trading decisions to AI. If you want to try then go ahead, but you have to be prepared for the risks, you might just spend a lot of money to use AI in your trading which may not necessarily be able to give you a profit in trading.

Bananington

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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.

Good plans can provide bad outcomes in the future, hence caution needs to be taken on decisions involving trade, so you do not make decisions that are only good for the now, but bad for the future. Not started yet with AI and Bot use, but anything that can potentially improve results and increase profits will be considered and not ignored. If I start with AI and bots, I will make sure not to allow it to transform me to a lazy trader who will not be able to trade without AI and bot use.

Dr.Bitcoin_Strange

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Yes, I will use such a platform, but I might not use their AI help bot. At least, even if there are platforms like that, they will not compel their customers to use the AI feature.

Anyone can actually use a platform that supports AI help bots, but not everyone who uses such a platform will want to use the AI.

Humans are not 100% accurate when it comes to determining the price of a coin in the market or the direction of the market. The same thing is applicable to AI bots; they also don't make accurate predictions of crypto prices, so what's the essence of a trader relying on them? If actually AI bots become more profitable than human trading skills and strategies, that's when traders will massively make it an option for use.

criptoevangelista

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There is a portfolio management token via AI called SDAO and there are also automatic robots from Binance, which I have never used.

but I believe that the artificial intelligence narrative will be very good for the crypto market

SatoPrincess

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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.

Trading bots have been in existence even before ChatGPT and other AI bots came to play. The former is programmed to automate trade plans using a particular trading strategy. Trading bots do not guarantee 100% success, if they do everyone would use them. I wouldn’t advise a rookie trader to use trading bots or even AI to place trade, if you can’t do technical analysis and fundamental analysis on your own then you should not be trading with real money.

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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.

In my opinion, it would be a waste of my money if I used this service only for Crypto trading, the most accurate prediction is filing from ourselves, I'm not really sure that this technology will be accurate even though AI technology is highly trusted by the current generation, but If the trading problem is in my opinion it is very excessive if using AI technology, everyone wants to make a profit. However, in fact, everyone prefers to predict according to their beliefs and a trader's instincts will definitely understand without having to use the AI platform. I'm sure everyone will be reluctant to do it, because it will make us lazy to think if we use it...

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