Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: R100K-Martin-Lunger on November 16, 2023, 03:05:29 PM
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Ever sensed a bit of skepticism among seasoned crypto investors regarding AI-driven trading? I believe It's a sentiment worth discussing. The crypto landscape, intricate and ever-shifting, often feels best navigated with a touch of human intuition.
However, AI algorithms can sift through vast amounts of data, uncover patterns that might escape human scrutiny, and execute trades in the blink of an eye, which is a decisive advantage in the dynamic crypto market. And that can be revolutionary.
A mistake people make is that they rely on AI alone to carry out their trades. And while AI can do a lot, it is not a replacement for human judgment. Humans possess invaluable experience, intuition, and risk assessment skills.
I believe that if AI is utilized responsibly and effectively it can be a game changer.
Curious to hear your thoughts on the collaboration of AI and human judgment in the future of crypto trading. Share your thoughts!
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Absolutely, the collaboration of AI and human judgment in crypto trading holds immense potential. The speed and efficiency of AI in analyzing vast datasets and executing trades are unparalleled. When combined with the experience and intuition of human traders, it can create a powerful synergy. I believe responsible use of AI can indeed revolutionize the way we navigate the complex and dynamic crypto landscape.
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While AI brings undeniable advantages, I'm a bit skeptical about its complete replacement of human judgment in crypto trading. The intricate nature of the market often involves factors that go beyond data patterns. Human intuition, adaptability, and the ability to factor in unforeseen events play a crucial role.
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I'm intrigued by the idea of AI and human collaboration in crypto trading. Specifically, how do you envision striking the right balance between AI-driven decision-making and human judgment?
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Thanks for bringing up this thought-provoking topic. The relationship between AI and human judgment in crypto trading is indeed fascinating. I appreciate the recognition of both AI's strengths and the irreplaceable qualities that humans bring to the table.
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The discussion around the collaboration of AI and human judgment in crypto trading is crucial. It's evident that AI offers unparalleled advantages in terms of speed and data analysis. However, acknowledging the irreplaceable qualities of human judgment, such as experience and intuition, is equally important.
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Absolutely, the collaboration of AI and human judgment in crypto trading holds immense potential. The speed and efficiency of AI in analyzing vast datasets and executing trades are unparalleled. When combined with the experience and intuition of human traders, it can create a powerful synergy. I believe responsible use of AI can indeed revolutionize the way we navigate the complex and dynamic crypto landscape.
I'm glad we agree. It's an overlooked tool in our arsenal currently, at least. I've been implementing this strategy myself and it's been working great for me so far.
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I'm intrigued by the idea of AI and human collaboration in crypto trading. Specifically, how do you envision striking the right balance between AI-driven decision-making and human judgment?
As a tool, I feel that we can use AI for the repetitive tasks such as monitoring market conditions, to assess risks and identify patterns. This, of course, would be done under our supervision in real-time. Based on the findings, I would then identify possible opportunities for investment and optimize my investment decisions by rebalancing my portfolio to receive the largest profit possible. That’s the investment model I’m currently following at least.
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Ever sensed a bit of skepticism among seasoned crypto investors regarding AI-driven trading? I believe It's a sentiment worth discussing. The crypto landscape, intricate and ever-shifting, often feels best navigated with a touch of human intuition.
However, AI algorithms can sift through vast amounts of data, uncover patterns that might escape human scrutiny, and execute trades in the blink of an eye, which is a decisive advantage in the dynamic crypto market. And that can be revolutionary.
A mistake people make is that they rely on AI alone to carry out their trades. And while AI can do a lot, it is not a replacement for human judgment. Humans possess invaluable experience, intuition, and risk assessment skills.
I believe that if AI is utilized responsibly and effectively it can be a game changer.
Curious to hear your thoughts on the collaboration of AI and human judgment in the future of crypto trading. Share your thoughts!
From my experience AI trading still needs a lot of work. Executing trades isn't the issue, but it gets ugly when the AI becomes too specialised in the historical data it has been trained on and fails to generalize well to new market conditions. I've tried out a few that made errors of this exact kind. So far, I've only been impressed by a few of them, with Bitget's AI copy trading bot being a notable mention. I especially liked using it because you get a luxury of options to help finetune things properly.
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Huh, indeed, AI will soon take away jobs even from traders and investors, but what it will definitely not take away from people is luck, because only thanks to luck a person can get 220$ practically for nothing, participating in Cash Giving Day tournament from Fairspin. So in this case the AI loses, and a person gets pleasure from winning and winning
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Huh, indeed, AI will soon take away jobs even from traders and investors, but what it will definitely not take away from people is luck, because only thanks to luck a person can get 220$ practically for nothing, participating in Cash Giving Day tournament from Fairspin. So in this case the AI loses, and a person gets pleasure from winning and winning
It's actually sad that AI is taking jobs away from humans. Maybe you need to know how to work with them. It's interesting about the tournament, I used to participate in such tournaments, I just collected my first deposit
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The impact of AI in trading cryptocurrencies is significant, introducing various advantages and challenges to the market. Here are some key aspects of AI's impact on crypto trading:
1) AI-driven algorithms can analyze vast amounts of market data at high speeds, identifying patterns and executing trades automatically based on predefined criteria.
2) AI models can analyze historical data to make predictions about future price movements, providing insights that traders can use to make more informed decisions.
3) AI models can assess and manage risks by analyzing market conditions, volatility, and other factors that may impact the value of cryptocurrencies.
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AI just started its turn and soon you will see it everywhere. Still people don't know about that but in the future people will see how they have dominated on the world.
The impact of AI in trading cryptocurrencies is significant, introducing various advantages and challenges to the market. Here are some key aspects of AI's impact on crypto trading:
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Hey there! The impact of AI in crypto trading is huge. It can analyze tons of data super fast, make predictions about price movements, and help manage risks. It's like having a super-smart assistant to help with all the nitty-gritty details of trading.
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To excel in trading, you need to control your psychology first because psychology place in important role in trading it place the most important your life now how to improve your psychology Frist of all know the fact that you are a programming whether by using indicators or AI. If you find yourself in unfavorable conditions, it's crucial to change your mindset, environment, and conditioning. This shift in approach can lead to a positive change in your psychology.
For new traders, algorithmic (AI) trading is often recommended as it helps mitigate the risks associated with impulsively risking their entire funds in the early stages.
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I count AI as a super smart person looking to trade and get the most profit from rypto market. Although AI's learning and computing capabilities are truly powerful, so far we have not seen an AI that is truly effective in trading. Most current high frequency trading programs only use simple methods instead of AI.
Regardless, the potential of AI is huge, hopefully we will see AI being used safely to increase liquidity and help the crypto market grow.
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I prefer to use AI for fundamental analysis if one day AI can get information faster. But unfortunately AI is currently unable to get the latest information. They must have updates first before getting information. So for now I can't expect much from AI. Except for getting the history of an altcoin and so on. But to see future projects AI can't do it. Trading bots are quite familiar. Maybe one day AI trading will also be widely used.
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In the future, perhaps the use of AI in trading will be much more effective. But for now I don't think it's effective enough. Using AI in technical trading analysis can be used well even today. But for fundamentalist and sentimental analysis, I think AI is still ineffective.
Because AI is still behind in the speed of gathering the latest information. Meanwhile, fundamental and sentimental analysis really has to be done with a lot of new information and even faster than other people. Because in fundamental analysis the fastest is the one who wins.
But I think the next generation of AI will be able to do it. AI category altcoins are currently being developed a lot. Their altcoin is based on the development of a real AI project by the company. Well, I think AI will enter more and more in all fields, especially in the crypto realm.
I prefer to use AI for fundamental analysis if one day AI can get information faster. But unfortunately AI is currently unable to get the latest information. They must have updates first before getting information. So for now I can't expect much from AI. Except for getting the history of an altcoin and so on. But to see future projects AI can't do it. Trading bots are quite familiar. Maybe one day AI trading will also be widely used.
Just like you, I also think the same thing. but you have to try it in current technical analysis. and it worked quite well. but it is useful for short-term or daily trading. for the medium and long term I haven't tried it. but yeah in the future AI will really be useful.
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I prefer to use AI for fundamental analysis if one day AI can get information faster. But unfortunately AI is currently unable to get the latest information. They must have updates first before getting information. So for now I can't expect much from AI. Except for getting the history of an altcoin and so on. But to see future projects AI can't do it. Trading bots are quite familiar. Maybe one day AI trading will also be widely used.
Just like you, I also think the same thing. but you have to try it in current technical analysis. and it worked quite well. but it is useful for short-term or daily trading. for the medium and long term I haven't tried it. but yeah in the future AI will really be useful.
Well maybe I should try it if I do day trading. But unfortunately I rarely do daily trading because I am quite busy at work. But on Sundays when I'm off I sometimes do it. I have tried using trading bots. But not yet with trading bots that already use AI. But I also heard about Script Ai or something like that. But it is also said that it is only useful for short-term trading. I personally prefer to look for altcoins that have clear fundamentals. So I can go in and invest for the medium term. Or I just trade medium term, like when there's an event. Thank you for the advice. And I will try it if I one day day trade.
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A mistake people make is that they rely on AI alone to carry out their trades. And while AI can do a lot, it is not a replacement for human judgment. Humans possess invaluable experience, intuition, and risk assessment skills.
I couldnt agree more with this statement. AI trading has its benefits but people often misuse it. I've seen even the best ones like Unibot or the Bitget Copy Trading bot get misused by individuals looking for quick gains and the results have never been good.
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The discussion around the collaboration of AI and human judgment in crypto trading is crucial. It's evident that AI offers unparalleled advantages in terms of speed and data analysis. However, acknowledging the irreplaceable qualities of human judgment, such as experience and intuition, is equally important.
I wouldn't trust the AI to trade my cryptocurrency just yet. For now, I prefer to observe how this will work out in artificial intelligence. It has certain advantages, but, in my opinion, it cannot take into account the entirety of informational factual data that only a person can take into account. However, AI can certainly make good decisions in the field of cryptocurrency trading.
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I wouldn't trust the AI to trade my cryptocurrency just yet. For now, I prefer to observe how this will work out in artificial intelligence. It has certain advantages, but, in my opinion, it cannot take into account the entirety of informational factual data that only a person can take into account. However, AI can certainly make good decisions in the field of cryptocurrency trading.
AI is artificial intelligence, which is very dangerous. When they have feelings, there is the potential to destroy the human economy in this world. So it is better for AI not to go too deep and completely not to use AI as a necessity for life.
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Using AI tools for crypto is beneficial. Start with research, connect to exchanges, set parameters, monitor, and learn. Begin cautiously for success.it's better for us. However, it is also true that excessive use of AI tools can be harmful for humanity. Therefore, we should use it only to certain limits.
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In the future, perhaps the use of AI in trading will be much more effective. But for now I don't think it's effective enough. Using AI in technical trading analysis can be used well even today. But for fundamentalist and sentimental analysis, I think AI is still ineffective.
Because AI is still behind in the speed of gathering the latest information. Meanwhile, fundamental and sentimental analysis really has to be done with a lot of new information and even faster than other people. Because in fundamental analysis the fastest is the one who wins.
But I think the next generation of AI will be able to do it. AI category altcoins are currently being developed a lot. Their altcoin is based on the development of a real AI project by the company. Well, I think AI will enter more and more in all fields, especially in the crypto realm.
I prefer to use AI for fundamental analysis if one day AI can get information faster. But unfortunately AI is currently unable to get the latest information. They must have updates first before getting information. So for now I can't expect much from AI. Except for getting the history of an altcoin and so on. But to see future projects AI can't do it. Trading bots are quite familiar. Maybe one day AI trading will also be widely used.
Just like you, I also think the same thing. but you have to try it in current technical analysis. and it worked quite well. but it is useful for short-term or daily trading. for the medium and long term I haven't tried it. but yeah in the future AI will really be useful.
I don't know, but for me, using AI trading is not effective. This is just my opinion. We are the ones who perform technical analysis in the actual trade itself. Then there is the use of tool indicators as well.
As traders, we feel more about what we are doing in the crypto trading business. Maybe this is not the right time and period for innovation like these scenarios in crypto trade activity. Then it will only be complicated for newbies, who will also try for sure in the end.
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Using AI tools for crypto is beneficial. Start with research, connect to exchanges, set parameters, monitor, and learn. Begin cautiously for success.it's better for us. However, it is also true that excessive use of AI tools can be harmful for humanity. Therefore, we should use it only to certain limits.
This will be useful and very helpful if it is a paid AI bot. on the other hand if it is free AI Bot Yes, the risks remain quite the same. but this also depends on what type of AI Bot. Moreover, if we really don't understand crypto, then the AI trading bot will not be significant. Therefore, the better our understanding, the more useful and helpful the AI trading tools will be.
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AI is wiser than human in terms of emotional base trading.
A lot of advantage using AI tools to help traders. The program is designed to make everything in order as much as possible in accordance with graphs, calculations, and inputs. However, thing's constantly changing. There are still a lot to improve and things that couldn't be change that only human being can do.
AI is helpful and will always be helpful but greediness and selfish ambition of power, fame, wealth will ruin the innocent.
AI trading has a lot of things to innovate and there are always be a missing part within AI.
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I think collaboration between humans and AI is very necessary to avoid emotions when a trader is analyzing prices.
I have used several bots when trading, perhaps in the future, AI systems can be programmed to make it easier for a trader to predict coin prices in the market
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I think collaboration between humans and AI is very necessary to avoid emotions when a trader is analyzing prices.
I have used several bots when trading, perhaps in the future, AI systems can be programmed to make it easier for a trader to predict coin prices in the market
AI bots really help you to determine price movements, and of course you don't need to think hard because you already have a bot that you can rely on. But if the bot you have is not made by you yourself, then it will pose a very high risk because the developer has the opportunity to take your assets with scripts that are compromised without your knowledge. My advice is to remain careful when using third-party applications.
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I think collaboration between humans and AI is very necessary to avoid emotions when a trader is analyzing prices.
I have used several bots when trading, perhaps in the future, AI systems can be programmed to make it easier for a trader to predict coin prices in the market
AI bots really help you to determine price movements, and of course you don't need to think hard because you already have a bot that you can rely on. But if the bot you have is not made by you yourself, then it will pose a very high risk because the developer has the opportunity to take your assets with scripts that are compromised without your knowledge. My advice is to remain careful when using third-party applications.
agree with this we should be careful to use third party applications.
AI technology is good , but as you said If we didn't made and set this application , it's risky.
Better to use manual method to predict about what will do.
But It depends on your decision.
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I continue to dig up information related to AI, crypto and Altcoins in an effort to have promising assets for the future. This is also accompanied by continuous effort, everything will become easier if it is done cheerfully.
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There's nothing perfect with the use of AI while trading, this is one of the hidden truth many have failed to realized, had it been it's something everyone of us could use and achieve the best experience with trading them no one would prefer being a manual trader than engaging the bot system to perform us all of our trading activities, however we should know that probably this is just only an illusion, things are far beyond the use of an ordinary bit for making trades, we have to engage our physical and mental effort to derive the best of it while trading.
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Ever sensed a bit of skepticism among seasoned crypto investors regarding AI-driven trading? I believe It's a sentiment worth discussing. The crypto landscape, intricate and ever-shifting, often feels best navigated with a touch of human intuition.
However, AI algorithms can sift through vast amounts of data, uncover patterns that might escape human scrutiny, and execute trades in the blink of an eye, which is a decisive advantage in the dynamic crypto market. And that can be revolutionary.
A mistake people make is that they rely on AI alone to carry out their trades. And while AI can do a lot, it is not a replacement for human judgment. Humans possess invaluable experience, intuition, and risk assessment skills.
I believe that if AI is utilized responsibly and effectively it can be a game changer.
Curious to hear your thoughts on the collaboration of AI and human judgment in the future of crypto trading. Share your thoughts!
Artificial intelligence has the unique ability to analyze large volumes of data and identify complex patterns, which can be especially useful in the dynamic and volatile cryptocurrency environment. Algorithms can react to market trends in real time, make quick decisions and automate trading strategies.
However, as you rightly point out, human judgment, intuition and experience play a key role. People can take into account context, political events, news, and other factors that can significantly influence the market but that are difficult or impossible for algorithms to predict.
The ideal collaboration is to harness the strengths of both approaches.
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I wouldn't trust the AI to trade my cryptocurrency just yet. For now, I prefer to observe how this will work out in artificial intelligence. It has certain advantages, but, in my opinion, it cannot take into account the entirety of informational factual data that only a person can take into account. However, AI can certainly make good decisions in the field of cryptocurrency trading.
AI is artificial intelligence, which is very dangerous. When they have feelings, there is the potential to destroy the human economy in this world. So it is better for AI not to go too deep and completely not to use AI as a necessity for life.
Well, I agree with you, if AI continues to be developed in all fields, over time the human mind will no longer be used for employment in the future, that's fine if it's for trade, but it would be terrible if the human brain was replaced by AI.
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It could be a game changer, but even with AI, trading still doesn't guarantee profits because there are winners and losers in the market. I don't understand why some people thought AI would automatically make them successful in a guessing game like trading. Predicting price movements in trading is like making educated guesses, and it's heavily influenced by rumors and news. While AI can gather info from news, handling rumors is trickier. Without considering these factors, AI might struggle to provide reliable predictions.
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It could be a game changer, but even with AI, trading still doesn't guarantee profits because there are winners and losers in the market. I don't understand why some people thought AI would automatically make them successful in a guessing game like trading. Predicting price movements in trading is like making educated guesses, and it's heavily influenced by rumors and news. While AI can gather info from news, handling rumors is trickier. Without considering these factors, AI might struggle to provide reliable predictions.
It's already been a game changer not just in crypto market, but all other industries and now it's the trend this year. But we will see how further it can help crypto in predicting price. And as far as I can remember there is a thread in bitcointalk wherein the AI predicted $45k as the end price 2023 and it almost a hit as we end the year at $42k.
So maybe in the coming years, if the model have been improved, there could be speculators that can go on AI and help them make predictions or even go trading although we already have bots to help us that.
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Absolutely, skepticism about AI-driven trading among seasoned crypto investors is common. While human intuition is crucial in the dynamic crypto landscape, AI algorithms excel at analyzing vast data, uncovering patterns, and executing quick trades—a significant advantage. The key is a balanced approach—AI enhances efficiency, but human judgment brings invaluable experience, intuition, and risk assessment skills. Collaboration between AI and human judgment can indeed be a game changer if used responsibly and effectively. What are your thoughts on this collaboration in the future of crypto trading?
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Isn't it dangerous if AI trades cryptocurrencies using our capital?
AI does not have emotions, character, thoughts or a soul that can make errors at any time.
I don't agree with AI trading cryptocurrency, robots trading cryptocurrency are like robots being given firearms.
Maybe now times are crazy but giving our capital assets to AI is very dangerous, I would be better off trading with our own capital than giving capital to an AI Robot.
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I have not done it before because I see it as a very dangerous trading method. Though people have testified that they are making profit from using the AI to trade and some are saying that AI is very bad in trading because it is already programmed system that can not trade like real human beings. And I will also advise you to be careful with the use of AI.
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For many years now we have been present trading and with AI at its best, when I was seeing everything that was happening about high frequency tarding, well it was that, AI, nothing more, in fact almost no one knows about it, for the same, because many years ago it was not implemented in the stock market because the people did not say that it was an AI but they said that it was eventually high frequency trading, and that is what made the movements rise and fall suddenly to catch them stops of many traders, it is something that is applied a lot, in fact an exchange is able to move the price as it pleases if it wants, because it knows at what levels the price will be and how much it can move, they agree to this because they can win or lose , that is what has always been done so that we can have an idea of what we previously knew as high frequency trading, now, now the robots are the ones that indicate that they can do trading that way and that is the same IA, of course you have to be very careful.
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Binance exchange has such a feature that a user can trade there with the help of artificial intelligence. In the case of artificial intelligence or bot trading, a certain amount of money has to be deposited in the bot trading and it has to be confirmed, so that the artificial intelligence will buy coins considering the upper and lower sides of the market. Sometimes you will see profit in this type of trading and sometimes you will see loss in this type of trading but the amount of profit and loss is very less. People who are used to manual trading will never actually use this feature in trading but there are many new users who trade using this feature. I tried it myself and I didn't like this feature much that's why I prefer to trade manually.
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AI training is basically easy for you to do and you will get profit from it but you won't get reputation as a good trader in future. When you start trading by taking all the advice of a trader, you will gradually become a successful trader yourself. Different exchanges have bot trading and copy trading where most of the new users trade with the intention of profiting from it. So I always think it is better not to do copy trading or AI training but use your own experience to trade. When you start trading using your own experience, it will be possible to gain a reputation as a successful trader in the future.
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Different exchanges have bot trading and copy trading where most of the new users trade with the intention of profiting from it.
Be careful with this feature, I urge you.
I have seen articles and information about Bot Trading and Copy Trading several times but I haven't finished reading it because it's just useless.
We are humans, we cannot be manipulated by robots because the people who created the robots are humans. When an error occurs from the Bot Trading and Copy Trading, who will be blamed?
Beginner traders really want to get fast, instant and big money but don't know the risks they will face after that. Bot Trading and Copy Trading is very dangerous because the error rate can also make us lose money or our estimated money can be negative.
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Curious to hear your thoughts on the collaboration of AI and human judgment in the future of crypto trading. Share your thoughts!
AI, it is quite fascinating. In some cases, it can overtake human capabilities but truth be told, it is not the perfect solution. It was created by humans after all. It can calculate who knows how much data at once and give an accurate output, but it is not necessary that they are 100% accurate every time.
In trading, everything is not about calculating and predicting. There are other things like human emotion attached to it. Which we call sentimental movements in the crypto market. An AI can't predict that because AI itself lacks the ability to feel human emotion.
We can create an environment where AI and humans can co-exist in order to create a perfect trading strategy. But AI alone can't do it.
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Currently bot trading and copy trading methods have been introduced in various exchanges for crypto trading. Using such AI method you can easily trade with zero knowledge though it will not give you much experience. When you trade by relying on others, you must not focus on things that you will not be an experienced trader for in the future. Although AI trading is profitable but many times one can make you lose so I think it is better to avoid this kind of copy trading as it depends on others, so it is best to trade on your own.
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I believe that if AI is utilized responsibly and effectively it can be a game changer.
I just appealed because I was afraid of me of AI's failure in trading cryptocurrency was high and this was very dangerous.
There is nothing perfect human creation, surely there are always mistakes and failures, moreover this AI technology has just been created.
There will be no changes to trading cryptocurrency if you use AI, which will only add to the burden of our minds because surely every human being is more introspective to the robot.
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Ever sensed a bit of skepticism among seasoned crypto investors regarding AI-driven trading? I believe It's a sentiment worth discussing. The crypto landscape, intricate and ever-shifting, often feels best navigated with a touch of human intuition.
However, AI algorithms can sift through vast amounts of data, uncover patterns that might escape human scrutiny, and execute trades in the blink of an eye, which is a decisive advantage in the dynamic crypto market. And that can be revolutionary.
A mistake people make is that they rely on AI alone to carry out their trades. And while AI can do a lot, it is not a replacement for human judgment. Humans possess invaluable experience, intuition, and risk assessment skills.
I believe that if AI is utilized responsibly and effectively it can be a game changer.
Curious to hear your thoughts on the collaboration of AI and human judgment in the future of crypto trading. Share your thoughts!
People of this generation are comfort loving and prefer robotic assistance in every aspects. AI is most popular at every level of education, Healthcare, Industry. At present, its scope is not in any particular area. At present, its influence has spread in business organizations and even in the present time, this AI is playing an important role in the trading world. Quick trades and quick calculations at the right time are not possible by any human which AI can easily do accurately. The use of this law is increasing significantly and will continue to do so in the future. Everything will evolve as technology evolves.
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I believe that if AI is utilized responsibly and effectively it can be a game changer.
I just appealed because I was afraid of me of AI's failure in trading cryptocurrency was high and this was very dangerous.
There is nothing perfect human creation, surely there are always mistakes and failures, moreover this AI technology has just been created.
There will be no changes to trading cryptocurrency if you use AI, which will only add to the burden of our minds because surely every human being is more introspective to the robot.
Obviously there should be strict controls on the use of AI, indeed no one is perfect, But this can be put to good use to help trade easier.
It would be better if combined with manual trading because we as traders must have full control over all actions performed by AI Bots.
Make the most of technology, but don't lose to it, learn the details and how AI works.
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What baffles me is why AI and humans are always being compared. Since AI is terrible at speculating, it is in no way superior to humans when it comes to cryptocurrency trading.
It's only really useful for storing data and other things; in terms of decision-making, I don't think it's any superior to people.
Since the market will not always do as it did in the past, I don't rely on AI to make my trades.
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Huh, indeed, AI will soon take away jobs even from traders and investors, but what it will definitely not take away from people is luck, because only thanks to luck a person can get 220$ practically for nothing, participating in Cash Giving Day tournament from Fairspin. So in this case the AI loses, and a person gets pleasure from winning and winning
You are right about luck, artificial intelligence does not know what success and luck are, and certainly cannot experience emotion and excitement. Luck comes from a random unpredictable combination of factors in a person's life. Successful events in life happen by chance and largely do not depend on desire.
Artificial intelligence has only a mathematical calculation of possible events based on input data.
As for trading, as we know, a trader should avoid emotions and should also base his strategy on technical or fundamental analysis.
Since human is not a robot, AI can help to cope with all human weaknesses. Of course, you have to keep a constant eye on the AI-based trading bot.
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It depends on what it is. On derivatives or futures trading, I don't copy trade, and I don't use a trading bot. My reason is that I feel the bots doesn't have much impact than humans.
The only way I have imagined using a trading bot is on-the-spot trading. It will be automated to buy the dip and sell it on a few pumps. Although I have not tried it before, I am already seeing it on some CEX. I can actually use both because all I have to do is set the price I want it to purchase and also set the price I want it to sell. It can be done consecutively while I am offline.
Apart from that, I don't plan on using any other trading bot unless there is a perfect bot that has been tested and confirmed beyond any reasonable doubt that the bot is much better than human traders.
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It depends on what it is. On derivatives or futures trading, I don't copy trade, and I don't use a trading bot. My reason is that I feel the bots doesn't have much impact than humans.
The only way I have imagined using a trading bot is on-the-spot trading. It will be automated to buy the dip and sell it on a few pumps. Although I have not tried it before, I am already seeing it on some CEX. I can actually use both because all I have to do is set the price I want it to purchase and also set the price I want it to sell. It can be done consecutively while I am offline.
Apart from that, I don't plan on using any other trading bot unless there is a perfect bot that has been tested and confirmed beyond any reasonable doubt that the bot is much better than human traders.
As far as I'm Concerned , things can be very Different when they are with Analysis and AI, and it is clear that robots are double-edged swords because obviously, if they are not given the Order to stop, they will not do it, in this sense it is that many things can be done that can benefit them, I could say that I have many apsapet for which they cannot be taken as something that is very Reliable , because obviously this can lead to them not trusting what Corresponds to something Safe, sometimes People don't understand that AI is in Beta mode, and that it really needs to be perfected.
Those who get carried away in the most basic way by robots with AI , it is not so that they can get an idea that will always win because it is not like that, in fact the robot can make them lose all their Capital, yes There is no limit , it's simple , things can get out of hand and that is very Serious , you should always take care of your money.
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AI for trading are good because they can always be active at any time, maybe 24 hours in giving a technical overview, so it saves time and can do other things (monitoring fundamentals) or by collecting a list of coins in the watchlist. more accurate because AI makes it possible like working with a team. If an expert without AI may already have hit targets to buy and sell or possibilities that will occur. AI is worth trying both for beginners or everyone in trading even though the final decision is entirely on the trader himself. Because if you can identify more quickly and carefully technically, of course you can get a more competitive (cheaper) price.
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I believe that if AI is utilized responsibly and effectively it can be a game changer.
Curious to hear your thoughts on the collaboration of AI and human judgment in the future of crypto trading. Share your thoughts!
I don't think it's a proper Utilizibility that can make trading AI to become very profitable for traders. Trading AI can only be fully adopted or adoptable by all trader if only it can become very perfect in generating profit even more than human capability. But yet, some human traders are still being very profitable than AI.
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I believe that if AI is utilized responsibly and effectively it can be a game changer.
I just appealed because I was afraid of me of AI's failure in trading cryptocurrency was high and this was very dangerous.
There is nothing perfect human creation, surely there are always mistakes and failures, moreover this AI technology has just been created.
There will be no changes to trading cryptocurrency if you use AI, which will only add to the burden of our minds because surely every human being is more introspective to the robot.
Obviously there should be strict controls on the use of AI, indeed no one is perfect, But this can be put to good use to help trade easier.
It would be better if combined with manual trading because we as traders must have full control over all actions performed by AI Bots.
Make the most of technology, but don't lose to it, learn the details and how AI works.
- The use of AI trading is complicated; if the set-up is wrong in the beginning, surely you won't get a profit because the set-up was wrong in the beginning.
So, that means I still prefer my organic way of trading in crypto because anytime I can get a profit, no matter how small or big, as long as I understand something about crypto trading, I will get a profit here.
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Now a days AI trading is very helpful. Many people using AI trading. Because this modern technology giving us huge flexibility to our daily work. Trading is very critical if we dont knowledge about it. If we unable to gather proper knowledge about trading then we loss our valuable fund. But now a days AI trading gives us good result. But it is absolutely true that AI trading and human thinking are different. But when we are fall to correct trade we should depend on AI trade.
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Trading bots right now rely on AI to do it's tasks, so I guess we are using AI all along already?
I mean a quick google search and you will see that bots right now is relying on AI to perform it's tasks. Is there any exchanges out there that aside from using trading bots, that are using other tools that are relying on AI as well? The concept of AI trading has been there already. If there will be some upgrades on it then it would be wonderful.
Nevertheless, I would always, always go manual trading than either using bots, or other AI tools out there.
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Trading bots right now rely on AI to do it's tasks, so I guess we are using AI all along already?
I mean a quick google search and you will see that bots right now is relying on AI to perform it's tasks. Is there any exchanges out there that aside from using trading bots, that are using other tools that are relying on AI as well? The concept of AI trading has been there already. If there will be some upgrades on it then it would be wonderful.
Nevertheless, I would always, always go manual trading than either using bots, or other AI tools out there.
Currently, as far as I know, trading with the help of bots is no longer free, and of course there will be very high risks because when you use bots, it means it is a program or piece of software that was not created by you yourself, so the developer has the potential to provide a script that can endanger the assets you own when using bot applications in circulation. It's better to do manual trading, which for me is safer because you control the assets purely from yourself.
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Now a days AI trading is very helpful. Many people using AI trading. Because this modern technology giving us huge flexibility to our daily work. Trading is very critical if we dont knowledge about it. If we unable to gather proper knowledge about trading then we loss our valuable fund. But now a days AI trading gives us good result. But it is absolutely true that AI trading and human thinking are different. But when we are fall to correct trade we should depend on AI trade.
It is important to be aware of the potential disadvantages of cryptocurrency trading bots. Users of these bots are advised to monitor their bots and trac for changes in the crypto market. The combination of human expertise and bot automation can improve trading strategies and improve overall trading efficiency in the dynamic and volatile cryptocurrency market.
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Trading bots right now rely on AI to do it's tasks, so I guess we are using AI all along already?
I mean a quick google search and you will see that bots right now is relying on AI to perform it's tasks. Is there any exchanges out there that aside from using trading bots, that are using other tools that are relying on AI as well? The concept of AI trading has been there already. If there will be some upgrades on it then it would be wonderful.
Nevertheless, I would always, always go manual trading than either using bots, or other AI tools out there.
- I can only add that, mate, the AI is also relayed or dependent on the data program it has. This means that if the content in the data program is wrong, the result will immediately suffer, and the performance of the AI will suffer immediately, which can be a trading result that is not good.
Those are just some of the bad uses of AI trading, which is why AI trading will never beat the manual trading that traders do in the crypto trading business. Therefore, we should not be blind, not because it is recommended, we will believe it or immediately do their recommendation; that is not the case.
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I do not want to be greedy but I just want AI to assist me in the Analysis any sort of analysis whether it is emotional, technical or fundamental. AI can help in manipulating data from different sources to improve the efficiency of the analysis which can be a big assistance for the self traders.
I see it will be more helpful in assisting newbies to learn easily so they don't need to rely on the shity singles and pay them a huge amount for their subscriptions. I don't see Ai bots helping much in this field but the assistance tool idea can be more attective.
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Now a days AI trading is very helpful. Many people using AI trading. Because this modern technology giving us huge flexibility to our daily work. Trading is very critical if we dont knowledge about it. If we unable to gather proper knowledge about trading then we loss our valuable fund. But now a days AI trading gives us good result. But it is absolutely true that AI trading and human thinking are different. But when we are fall to correct trade we should depend on AI trade.
It is important to be aware of the potential disadvantages of cryptocurrency trading bots. Users of these bots are advised to monitor their bots and trac for changes in the crypto market. The combination of human expertise and bot automation can improve trading strategies and improve overall trading efficiency in the dynamic and volatile cryptocurrency market.
I am agree with you. You told appropriate we have to aware to use AI bot. It has some advantage but i also think It's disadvantage is more than advantage. Human exprience and bot trading are very different i think. Moreover bot control any others person i think and it is very dangerous and alarming for traders and investors. So we need careful about AI bot.
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I don't have specific criteria for trading crypto coins, I don't specify for AI coins for trading now. If the AI coins are good for trading because they are hype, I will consider to choose the AI coins. But if the AI coins look difficult to increase because the hype is too small, I prefer to choose other coins. It is also the same as meme coins, we only choose the meme coins which are very famous only. For the infamous, it is better to forget them.
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I don't have specific criteria for trading crypto coins, I don't specify for AI coins for trading now. If the AI coins are good for trading because they are hype, I will consider to choose the AI coins. But if the AI coins look difficult to increase because the hype is too small, I prefer to choose other coins. It is also the same as meme coins, we only choose the meme coins which are very famous only. For the infamous, it is better to forget them.
TBH , I still used traditional trading. Because I don't have knowledge about AI application. I just buy band hold altcoins , but I have set sell order.
Maybe next time I will learn about AI for trading crypto, very thank if there is member here will to share their experience in this application.