How do you like AI for trading crypto?

[Callisto]

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.

[MUGNIA]

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.

[shuvenker999]

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.

[Baofeng]

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.

[gulu_khan]

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?

[IyemRoker]

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.

[Agbe]

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.

[LUCKMCFLY]

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.

[Litzki1990]

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.

[Power420]

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.

[damsix]

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.

[tjtonmoy]

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.

[Bitcoin_people]

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.

[jonathancool220]

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.

[AGM]

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.