Should we trust cryptocurrency platforms based on AI?

[GerardGudo]

What's your take on crypto tools augmented by AI, like the ones at turingmachineai.com? Many platforms emphasize user-friendly investment methods and standout features. If it's so straightforward, why isn't the adoption rate higher? Having gone through various reviews, I have reservations about their genuineness. Are they reliable?

[R100K-Martin-Lunger]

The issue is that some people tend to rely only on AI to execute trades. I believe that if AI is used as a tool, they are very reliable. But as I said they need to be monitored as a tool. AI is not all knowing and doesn’t have the wisdom of humans, its still far from that. If you use as a tool. It words
AI-driven tools, like my company R100K's strategy, uses a Human-in-the-loop AI, strategy for added insurance, transparency and performance. It takes the insight of AI and uses Human judgement to make any calls for investment. I think that with AI adoption rates may rise in the future as users recognize the potential for AI to optimize profits while mitigating risks provided that there is supervision from an experienced trader.

[James Anderson]

We should not believe any AI platform in trading

[Choden]

While AI can provide valuable information, it's important to treat such tools with caution and always analyze yourself.

[Faisal2202]

What's your take on crypto tools augmented by AI, like the ones at turingmachineai.com? Many platforms emphasize user-friendly investment methods and standout features. If it's so straightforward, why isn't the adoption rate higher? Having gone through various reviews, I have reservations about their genuineness. Are they reliable?

I recently used the bybit built-in chatbot and asked several questions about how I could make a $2 profit with my $50 investment and what coin should I invest in, it did suggest me ones but they were bad in my own analysis to make a trade, and then asked this question, I asked is BTC is bullish or not, I asked this question when It was around $41k and it says BTC is bearish and now BTC is trying hard to touch $44k.

Well, the point is, even the big exchanges have no good AI bots then why we should trust this website that you have shared, while is is not even registered or considered as trusted by many users, I am not saying it is not trustable its just the traffic is too low and the website UI looks so damn bad, not very sophisticated. And you have already said the adoption rate is also lower for this website, so I will say leave it for some time, because this domain was registered around 2023-07-31 14:00:32 maybe that's why it did not get many visitors yet, even though it will be best to wait for little longer if you really wanted to use this.

[Hatchy]

It's would be better not to rely on ai for trading analysis. Instead take your time and study it yourself. You might get wrong readings from the ai about the market and end up trading at the wrong time. If at all you must use the ai, you might just still do your own readings and target the market trends.

[Dark Knight]

I asked this question when It was around $41k and it says BTC is bearish and now BTC is trying hard to touch $44k.

Coins in the cryptocurrency market are dumping and pumping all the time.We saw in December 2023 that the price of Bitcoin reached $440000 and from there the market is dumping a bit but Bitcoin price is currently slightly above $43000.

[Faisal2202]

Coins in the cryptocurrency market are dumping and pumping all the time.We saw in December 2023 that the price of Bitcoin reached $440000 and from there the market is dumping a bit but Bitcoin price is currently slightly above $43000.

Yeah, there is no doubt that the market is so volatile and pumping and dumping also occur in BTC and that's not what I was talking about in my post, I know the price goes up and down, but I was trying to relate with that bot's result which said the market is bearish while it was not bearish instead it was bullish.

I was referring to the result that AI Chat gave to me. I hope you understand what I am saying.

[Freemind]

While AI-based cryptocurrency platforms can offer innovative features and insights, due diligence is essential. Investigate the platform's reputation, security measures, regulatory compliance, and the transparency of both its AI systems and overall operations. Always be mindful of potential risks and only invest what you can afford to lose. To test, you can invest small amounts and see what happens. The final decision obviously depends on each person, but it's not something I would trust too much.

[gunhell16]

What's your take on crypto tools augmented by AI, like the ones at turingmachineai.com? Many platforms emphasize user-friendly investment methods and standout features. If it's so straightforward, why isn't the adoption rate higher? Having gone through various reviews, I have reservations about their genuineness. Are they reliable?

Right now, I can still say that the market is still volatile with the happenings of each exchange. Then the price value of Bitcoin ranged around 45k more than the market, and then on the same day it dumped around 40k.

If I look at it, it's like he liquidated the breakout he made in the market. There are many who are making a profit, and there are also others who are not able to sell or keep up with the movement of its price today. Which is where most cryptocurrencies also dropped. So I still prefer natural trade over trading with AI.

[Aanuoluwatofunmi]

What's your take on crypto tools augmented by AI, like the ones at turingmachineai.com? Many platforms emphasize user-friendly investment methods and standout features. If it's so straightforward, why isn't the adoption rate higher? Having gone through various reviews, I have reservations about their genuineness. Are they reliable?

Use of AI will do you nothing than waste of time, if we are really interested in trading, then we should learn how we could sacrifice much of our time and efforts in learning about how to trade and in doing not by ourselves, AI is quite trending we know but they are not having the permanent solution to everything, not even when they are being used to trade we can have a better experience, it's not every aspect the use of AI is best recommended for use.

[sampoerna]

For me, I have also seen promotions about investment or trading platforms that use AI several times. They also promote that trading is not necessary. It is too difficult for us to do directly but we can trust their service. Yes, it cannot be denied that AI can now really help us with whatever our activities are, quite sophisticatedly, even very sophisticatedly.

But does that mean they have no risk? Of course, it's not like that. This is still very risky. because we can't really believe in these perfumes and trust them with our money even though they promote AI analysis and performance. because they are the ones who will actually control our money. so isn't that quite risky for us? I personally would not choose this path.

[Learn Bitcoin]

What's your take on crypto tools augmented by AI, like the ones at turingmachineai.com? Many platforms emphasize user-friendly investment methods and standout features. If it's so straightforward, why isn't the adoption rate higher? Having gone through various reviews, I have reservations about their genuineness. Are they reliable?

Even though I cannot give you any guarantee, I am sure they are 100 percent scams. I have seen some platforms that say that their AI helps their users to trade automatically and they make profits. When you see that a Platform gives you a guarantee that their AI will generate profits for you, you have to understand that this is a scam.

If their AI can generate profit with a guarantee, why don't they start trading on their own? Why are they asking others? I have seen such platforms released in the country and a lot of people were scammed by them. I have asked a lot of the users not to trust them and not to invest there. They didn't hear my words and they were scammed.

[ajiz138]

What's your take on crypto tools augmented by AI, like the ones at turingmachineai.com? Many platforms emphasize user-friendly investment methods and standout features. If it's so straightforward, why isn't the adoption rate higher? Having gone through various reviews, I have reservations about their genuineness. Are they reliable?

This is clearly a scam, I smell a bad smell if you recommend this AI platform, it even looks the same as a Ponzi scheme, there is a profit calculator that can be calculated, so just avoid it.

These reviews can be manipulated, if you search deeper you will find the same fake reviews and even the person attached to the review is fake.

I say this is not reliable, better avoid it.

[SamReomo]

~Snip~
If their AI can generate profit with a guarantee, why don't they start trading on their own? Why are they asking others?

I also believe in your statement that most of such platforms are scam and nothing else. Those AI systems are in testing phase but they claim that they can generate profit for you. Their main intention is to grab some money from investors and use that money to further train their bots. It's more like a gambling then a reliable investment.

Most of those AI trading bots are guaranteed scams because the ones who create those bots often watch YouTube videos to make such bots and then start claiming that those AI bots can earn you a lot of profits. I would also suggest everyone to avoid such AI based bots and do your own research if you want to invest in something or you want to trade something.