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

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Quote from: terrific on December 26, 2023, 02:44:40 PM

Quote from: R100K-Martin-Lunger on December 21, 2023, 05:32:03 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

It will be very difficult to find a bot that can help you with your trades, while at the same time it is free and it is not a scam, since that kind of a amazing deal most likely does not exist.

If you want an AI that trades on your place for free you will have no other option but to create one yourself, an endeavor that is not easy at all since you will need to master two different fields to pull this off, as you will need to be an expert on AI and an expert trader at the same time, with both fields being incredibly difficult to master.

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Quote from: R100K-Martin-Lunger on December 21, 2023, 05:32:03 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, 05:32:03 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

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Quote from: R100K-Martin-Lunger on December 21, 2023, 05:32:03 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, 11:52:58 AM

Quote from: R100K-Martin-Lunger on December 21, 2023, 05:32:03 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.

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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, 05:32:03 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.

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Quote from: R100K-Martin-Lunger on December 21, 2023, 05:32:03 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, 05:17:51 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.

8rch7

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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, 04:37:28 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.

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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, 05:32:03 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, 05:32:03 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, 05:32:03 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, 05:32:03 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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Quote from: R100K-Martin-Lunger on December 21, 2023, 05:32:03 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.

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Quote from: R100K-Martin-Lunger on December 21, 2023, 05:32:03 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.

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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.

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Quote from: Japinat on December 22, 2023, 04:54:08 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.

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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.

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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, 05:32:03 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.

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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, 05:32:03 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, 05:32:03 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.

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Quote from: R100K-Martin-Lunger on December 21, 2023, 05:32:03 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.

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Quote from: R100K-Martin-Lunger on December 21, 2023, 05:32:03 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?

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Quote from: R100K-Martin-Lunger on December 21, 2023, 05:32:03 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, 05:32:03 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.

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Quote from: R100K-Martin-Lunger on December 21, 2023, 05:32:03 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, 05:32:03 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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In ₿ we trust

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, 05:32:03 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.

samuraijin

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Quote from: R100K-Martin-Lunger on December 21, 2023, 05:32:03 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...

Poker Player

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I use artificial intelligence in my day to day life, outside of this forum, but I would not use it for trading. First of all because I don't trade. I like to have a high probability of making money and in trading what you have is a high probability of losing money. And secondly because a trading AI that really works would be widely adopted and would stop working, because for some people to make money, others have to lose it.

Apart from that, I do not know what will happen in the future, but I think that the IA still has a lot to improve, what happens is that it has cumulative knowledge and never gets tired of learning, nor gets old or loses memory.

YOSHIE

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Quote from: R100K-Martin-Lunger on December 21, 2023, 05:32:03 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.

You need to know crypto trading, if you don't have knowledge, strategy, experience and a responsible crypto trading platform or a lot of trading activity and if you only rely on crypto exchanges that offer Al bots, I guarantee you are in big losses every day, when carrying out trading activities.

Al is a robot that is programmed by humans, using today's technology, the tool is programmed and tells you what has happened, Al does not function on things that have never happened, You have to understand that trading is greatly influenced by the activity of moving charts, if you analyze it wrong, everything can fall apart, so don't rely on AI bots on the stock exchange, the consequences could be fatal.

ZAINmalik75

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Quote from: R100K-Martin-Lunger on December 21, 2023, 05:32:03 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 will use AI bots to increase my portfolio but the only way in my knowledge to increase the profit is when I will have enough manual experience that I can judge if this AI bot is suggesting me the right plan or not. There are many AI platforms that use AI databases to increase your profits and they also have different paid plans but I never trusted them because the first reason is they will ask you to agree on one thing that all the loses will be yours. This means, that they don't take any responsibility for our funds then why would we trust them?

I will say, that if we are doing manual trading or investment for the long term we should do our own research but using AI will increase the profit ratio because AI can process data in the blink of an eye while the human mind takes so much time to process huge datasets.

We should not remain behind and should learn the usage of AI tools and should know that which tool we should use, the reality is, not many people know about AI tools that are helping traders to make good profit. And those who know that are not sharing them because of two reasons, one is high traffic will come and the second is they afraid to mention them if you will lose money then you will blam them.

Oshosondy

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Gamble responsibly

Do not waste you money on AI if you want AI to send do everything for you. Like predicting the market price direction. Bots and AI bots are all not also accurate.

Some people use them to make some specific tasks in trading but not using them to make analyses. If you want to make profit from trading, you need to learn the elementary and have experience about trading.

Use the amount that you can afford to lose to trade.

R100K-Martin-Lunger

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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.

Topic: Will you use platforms offering AI help for crypto trading in 2024? (Read 334 times)