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.
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.
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.
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?
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?
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?
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.
~Snip~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.
If their AI can generate profit with a guarantee, why don't they start trading on their own? Why are they asking others?
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?In this case, we might be able to utilize and optimize these tools for our benefit, especially those related to making trading easier. However, it doesn't mean to trust it 100%. Because no matter how sophisticated AI tools are, there will still be opportunities for cyber crimes to occur. And before using it, it would be better if we really analyzed the tool, its pros and cons. as well as how big the risks are and especially the safety. Don't believe 100%, especially if you only believe in people's chats or their promotions. Well, here our tasks are actually quite the same, namely to always be alert to various tools/applications, platforms or other things in the digital world. So that we can take advantage of the benefits optimally but remain vigilant in using it. If it's not needed because we feel more capable, it's better that way, just use our own abilities first.
~Snip~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.
If their AI can generate profit with a guarantee, why don't they start trading on their own? Why are they asking others?
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.To me, AI is just a tool to synthesize information for simple purposes, it is not capable enough to replace human perception and judgment.
To me, AI is just a tool to synthesize information for simple purposes, it is not capable enough to replace human perception and judgment.I guess it depends on the algorithm at the end of the day. If we really want an AI tool to automatically judge what is the best decision to make they'd need a good algorithm plus enough data to analyze the market. I do agree that it is impossible to replicate human instinct and judgment, regardless of what algorithm we use. It might change if people starts collecting data on key decisions for every market action, but time will answer whether that data can be reliable or not.
Similarly, AI is not capable of assessing the financial market. AI-based tools are also no substitute for professional traders. Trading Bots are no longer new in traders world, and we all know that they operate based on quite simple algorithms to track MA, RSI, MACD... or more complex linear regression programs. To be highly effective, Trading Bot needs to be "managed" by Dev who is an experienced trader.
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?Consider this, we can't really trust our friends TA even if we know them well. How much more in AI which is made by humans. We can benefit with AI in other way like if you forgot some important information it really helps, but with crypto it's not useful. AI can't predict futures that's why it's not beneficial to crypto. Only few will use that stuff, the ones who don't have enough knowledge in crypto.
While some cryptocurrency platforms use AI for enhanced user experience, caution is warranted. It's essential to thoroughly research and verify the credibility of platforms like turingmachineai.com, considering user reviews and industry reputation before trusting their services due to the complexity of the crypto market and potential risks associated with AI-driven tools.
The post topic already did much to stress the difference and distinction between cryptocurrencies and AI.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?Consider this, we can't really trust our friends TA even if we know them well. How much more in AI which is made by humans. We can benefit with AI in other way like if you forgot some important information it really helps, but with crypto it's not useful. AI can't predict futures that's why it's not beneficial to crypto. Only few will use that stuff, the ones who don't have enough knowledge in crypto.
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'm not sure about that. However, don't easily trust reviews, especially if they are too exaggerated. There are indeed several AI tools that can help us in trading, especially AI trading bots and paid ones. and many people have been able to optimize it. However, if it is an AI tool for investment, I still don't really understand it. Does this mean that we entrust our assets to be invested on the platform? Hmm, for me personally, as long as we personally access it and control it, if they are a reputable and trusted platform, maybe I will try it. but if the city has no control over our personal assets. I think it's not the right choice and it's better to forget it. Because we shouldn't trust any platform to fully handle our investments even though they have lots of positive reviews. too risky. .
You have given a great example of such scams and I believe others should learn from it. Such scammers are basically using the name of AI as the trend of AI is growing in couple of months. After the release of ChatGpt people thought that if AI can do all those things then AI is something mighty in nature and the scammers took advantage of such belief of the users.
They introduced various bots and said that all of those are made with AI and the trades that AI will make will be 90% or 99% profitable. But, their main intention was to scam others and they were successful. Now, it's time to promote awareness so new people won't get scammed in the name of AI. +Karma for your amazing thread, I hope it will be helpful to everyone.
If you take the advice of trading with more money then of course you are making a good move but there are risks involved. Especially when you go for trading on an AI platform it is at maximum risk and there is always the fear of losing your money. Even if you start trading on a trusted AI trading platform, you will have a lot of fear of losing money. So I think it is better not to trade in AI platforms rather invest the amount of money you trade with it will give you higher returns in future.
What's your take on crypto tools augmented by AI, like the ones at turingmachineai.com?
If you take the advice of trading with more money then of course you are making a good move but there are risks involved. Especially when you go for trading on an AI platform it is at maximum risk and there is always the fear of losing your money. Even if you start trading on a trusted AI trading platform, you will have a lot of fear of losing money. So I think it is better not to trade in AI platforms rather invest the amount of money you trade with it will give you higher returns in future.If you are afraid of losing money on a trade even if it is an AI trade or not, do not trade.
To buy Bitcoin, make sure you use money that is not currently in use, meaning it is your savings. If you use money that is currently needed, it will pose a very high risk and will most likely make you depressed when you are trapped at high prices. Trading using a third party or AI is very dangerous because you are using someone else's application while your balance is in that application, which will trigger the application developer to drain your wallet without your knowledge.If you take the advice of trading with more money then of course you are making a good move but there are risks involved. Especially when you go for trading on an AI platform it is at maximum risk and there is always the fear of losing your money. Even if you start trading on a trusted AI trading platform, you will have a lot of fear of losing money. So I think it is better not to trade in AI platforms rather invest the amount of money you trade with it will give you higher returns in future.If you are afraid of losing money on a trade even if it is an AI trade or not, do not trade.
But just buy Bitcoin and then hold it for the long term, because it will be better for those who can't trade and certainly need extra patience to be able to profit.
Long-term investment will be a good solution instead of having to trade, which requires trading skills and requires stable emotional strength.
Trading AI may be helpful, but it won't be entirely helpful in managing your trades, only partially and just make it easier.
If you are afraid of losing money on a trade even if it is an AI trade or not, do not trade.
But just buy Bitcoin and then hold it for the long term, because it will be better for those who can't trade and certainly need extra patience to be able to profit.
Long-term investment will be a good solution instead of having to trade, which requires trading skills and requires stable emotional strength.
Trading AI may be helpful, but it won't be entirely helpful in managing your trades, only partially and just make it easier.
Your preference for manual trading based on skill and experience is valid. Many traders share a similar sentiment, as they value the hands-on approach and decision-making involved in navigating the markets. Trading, indeed, requires a deep understanding of market dynamics, technical analysis, and risk management.
If you are afraid of losing money on a trade even if it is an AI trade or not, do not trade.
But just buy Bitcoin and then hold it for the long term, because it will be better for those who can't trade and certainly need extra patience to be able to profit.
Long-term investment will be a good solution instead of having to trade, which requires trading skills and requires stable emotional strength.
Trading AI may be helpful, but it won't be entirely helpful in managing your trades, only partially and just make it easier.
Sure, If we didn't have knowledge and skill in trading, don't be a trader.
As holder is better, just buy and hold.
But It need free money for long time.
But more safe, than do trading without knowledge.
AI application will help us, but not always.
I personally prefer use manually.
Trading need skill and experience.
I don't believe in AI or third party applications.
For now, maybe I still don't trust AI-based platforms. Because I think the current AI still needs further development. Because of current AI they even only make decisions based on limited information. Their level of intuition is also still limited so we still can't trust it. It's just that if it is to help with trading and make fundamental analysis such as technical then we can still rely on it. But a trading decision must remain in our hands.
While AI applications can offer assistance by analyzing vast amounts of data quickly, making predictions, and automating certain tasks, they are not foolproof. Human intuition and adaptability play crucial roles in reacting to unforeseen market events.
Ultimately, the choice between manual trading and AI-assisted trading depends on individual preferences, comfort levels, and the desired level of control. It's essential to choose a strategy that aligns with your skills, experience, and risk tolerance.
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?
Your question here quite prived you to the answer to this thread. Each time I hear about this AI-related stuff in cryptocurrency, I usually ask how efficient it is, and if it's very efficient, there should be hype about it. Good things don't hide in the crypto space. For example, if an AI gets developed today and is very efficient in generating more profit than humans, it would not take up to a week for the hype to start, and before long, the news would be all over.The main advantage of AI lies in its ability to process and analyze data very quickly. This can enable AI to detect market patterns and opportunities more efficiently than humans. The use of automated trading algorithms by AI systems can enable instant trade execution based on specific market parameters and conditions. This can result in a quicker response to market changes.
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For now, maybe I still don't trust AI-based platforms. Because I think the current AI still needs further development.My view is on "further development", here too we can see that this AI still has many errors, bugs or errors.
This is basically a bit about "should we trust AI or not?" as well. If you do trust AI in other stuff, not trusting it at crypto would be weird, if you do not trust it in other stuff, trusting at crypto would be weird. Some people already started using it in many stuff, we are all aware of the images, and a bit of text, but rest is not known just yet, so we can't really end up guessing who is great at it and who is not. A friend of mine working with AI for a month now, and he hasn't improved much, so its not for everyone. If you are a person who uses AI every day, your answer would be different from someone who never used it, or just tried it once or twice.AI does not have to be completely trusted, but as time progresses, technology continues to develop, so humans are forced to accept the AI technology that has been created. You need to know that AI has a very high level of danger. They are able to provide fast calculations; as long as AI doesn't have feelings, they will remain safe, but when they develop feelings, they will be very dangerous.