Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: TomPluz on January 16, 2025, 08:29:09 AM
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I have been reading many posts on copy trading and then I got interested with the subject of crypto trading using AI. As we know, there are now "automated software applications (https://www.bitdegree.org/crypto/tutorials/how-do-ai-trading-bots-work#how-do-ai-trading-bots-work) designed to execute trades in financial markets, including stocks, commodities, and cryptocurrencies."
Surely, many would be interested to take advantage of this opportunity as we know that people really love passive income with minimal investment of time and effort. Or would this be just another hole in the dark that will suck away people's money to oblivion?
What can be your opinion on using AI in crypto trading...is it as risky as copy trading and will it be effective in churning out profits which is all what we really want in the first place?
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I would use AI to fetch me info about metrics / possibilities, but not use it for trading itself.
No matter what, doing everything manually would be superior to me, simply because I am in control.
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AI on trading bot is nothing but a marketing gimmick, I doubt we have any bot that able to give us suggestions about what should do at this situation, they simply do what we make them to do but it's not AI, if it's AI then it should be able to decide on it's own. And it's not possible either because if it become possible with AGI then the whole investment market will tumble down cause everyone will have control of a super bot that can predict and make profits on its own.
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I have been reading many posts on copy trading and then I got interested with the subject of crypto trading using AI. As we know, there are now "automated software applications (https://www.bitdegree.org/crypto/tutorials/how-do-ai-trading-bots-work#how-do-ai-trading-bots-work) designed to execute trades in financial markets, including stocks, commodities, and cryptocurrencies."
Surely, many would be interested to take advantage of this opportunity as we know that people really love passive income with minimal investment of time and effort. Or would this be just another hole in the dark that will suck away people's money to oblivion?
What can be your opinion on using AI in crypto trading...is it as risky as copy trading and will it be effective in churning out profits which is all what we really want in the first place?
AI is still base on analysis,it has no emotions.
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What can be your opinion on using AI in crypto trading...is it as risky as copy trading and will it be effective in churning out profits which is all what we really want in the first place?
From onset I don't really encourage copy trading or trading bots because they are tools meant to for assistance whenever you aren't that active on the trade, maybe you are a bit away from your pc you can likely activate the bot to control over the system when take profits or monitor your trade that entirely relying on the trading bot to have control of your account. Sometimes this can cause so much lose when you don't have enough equity for long position.
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Surely, many would be interested to take advantage of this opportunity as we know that people really love passive income with minimal investment of time and effort. Or would this be just another hole in the dark that will suck away people's money to oblivion?
What can be your opinion on using AI in crypto trading...is it as risky as copy trading and will it be effective in churning out profits which is all what we really want in the first place?
I don't know if it's only me, but isn't trading bots the same as these AI trading?
I'm a bit curious on this one TBH, and I haven't seen anybody who's successful in using it. I don't also know if there are some exchanges out there that already implemented this feature on their platform. I tried copy trading in the past and what I would say is that you can make money on it without doing anything as long as the lead trader is profitable in his trading, and you know when to withdraw some of your profits.
Is there any exchange that implemented this feature already? If yes, what exchanges are they so that I can try it. :D
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Surely, many would be interested to take advantage of this opportunity as we know that people really love passive income with minimal investment of time and effort. Or would this be just another hole in the dark that will suck away people's money to oblivion?
What can be your opinion on using AI in crypto trading...is it as risky as copy trading and will it be effective in churning out profits which is all what we really want in the first place?
I don't know if it's only me, but isn't trading bots the same as these AI trading?
I'm a bit curious on this one TBH, and I haven't seen anybody who's successful in using it. I don't also know if there are some exchanges out there that already implemented this feature on their platform. I tried copy trading in the past and what I would say is that you can make money on it without doing anything as long as the lead trader is profitable in his trading, and you know when to withdraw some of your profits.
Is there any exchange that implemented this feature already? If yes, what exchanges are they so that I can try it. :D
They have similarity since they are still programmed by humans but for me AI trading is an enhance type of trading bots. But with the thing they are both made by us, I don't hesitate to ignore them trade my own money. We can't always make money in trading because the market will not always go as expected, that's why we experience losses even though we are profitable. We have make an adjustments with our strategy in order to fit with the market, which is AI can't make it.
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They have similarity since they are still programmed by humans but for me AI trading is an enhance type of trading bots.
Can you share some examples of AI-based trading that feel enhanced? Based on what I read so far I don't think they're such a significant upgrade compared to other trading bots available on the market, unless we're strictly comparing to open-source trading bots where you need to manually set up the algorithm. If we're talking about paid bots I won't be surprised if the company who made them slap AI just in case it's a new trend.
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AI developers apps will convince you that they are profitable, teaching mechanisms are unique and will bring profits, but they will not differ much from traditional trading and will not give better results. Copy trading depends on who you copy trading from and profits are often limited.
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- You know, I've actually watched a lot on YouTube about AI trading, actually if a newbie watches it, it will definitely encourage them to use AI trading bots or copy trading.
But for those like me who know a little bit about trading and are used to manual trading, even though the profit isn't that big, I'm still satisfied with the earnings I get weekly so I'm okay with manual trading.
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Trading in the crypto market depends on human psychology, and I don't think there is any benefit to using artificial intelligence here other than just using it as an alternative analysis tool. Artificial intelligence has its advantages only on gathering the knowledges for the fundamental analysis or technical analysis.
So even then we can get benefit from artificial intelligent we must be the professional trader who knows uses of technical and fundamental analysis otherwise it will be same for the others peoples.
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AI technology and crypto assets are a perfect match. Although the cryptocurrency market is famous for its exceptional volatility and AI is characterized by precise mathematical models. Moreover, AI has become a player in the cryptocurrency trading space aiming to increase the efficiency and effectiveness of trading operations. AI trading is a method of trading that aims to use custom built programs that run bots to analyze data and manage trades. As a very small trader this is definitely useless to me. Anyway, algorithmic trading involves the use of complex AI systems that can make trading decisions much faster than any human.
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I have been reading many posts on copy trading and then I got interested with the subject of crypto trading using AI. As we know, there are now "automated software applications (https://www.bitdegree.org/crypto/tutorials/how-do-ai-trading-bots-work#how-do-ai-trading-bots-work) designed to execute trades in financial markets, including stocks, commodities, and cryptocurrencies."
Surely, many would be interested to take advantage of this opportunity as we know that people really love passive income with minimal investment of time and effort. Or would this be just another hole in the dark that will suck away people's money to oblivion?
What can be your opinion on using AI in crypto trading...is it as risky as copy trading and will it be effective in churning out profits which is all what we really want in the first place?
I also was many post about copy trading using AI but i never use it. I think copy trading did't given always good result. So i Don't believe it. I am confident with spot trading. I think spot trading is very effective for me.
So i think copy trading is not good for me. And i always try to spot trading. And i get good profit from spot trading. But i saw many exchanger started copy trade and it being popular day by day.
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I also was many post about copy trading using AI but i never use it. I think copy trading did't given always good result. So i Don't believe it. I am confident with spot trading. I think spot trading is very effective for me.
So i think copy trading is not good for me. And i always try to spot trading. And i get good profit from spot trading. But i saw many exchanger started copy trade and it being popular day by day.
If copy trading is not good for you then the target market is not you, Copy trading is used by anyone including beginners and copy trading also requires basic trading knowledge, because it still requires settings for when to buy and where to take profits.
Simply choose who to follow in copy trading and it will usually look at who has the best percentage with a high average trading profit.
And also set how much money will be used for copy trading, because we also don't know how the market is and how well the predictions are made because traders will look at the charts and the available fundamentals
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I don't know if it's only me, but isn't trading bots the same as these AI trading?
Yes, it is, but you will sell better if you use AI in everything you advertise, I can't wait for Domino's to sell AI cooked pizza.
From the article:
Before an AI trading bot can operate autonomously, humans need to define its operating framework by setting key parameters, like preferred asset classes and trading strategies.
Anyhow, imagine you have built a trading bot powered by AI that is successful in riding the market every time or at least comfortable positive in earnings, ...why would you sell it? ;D
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What can be your opinion on using AI in crypto trading...is it as risky as copy trading and will it be effective in churning out profits which is all what we really want in the first place?
Instead of looking to automate your trading, it is better you master how to trade on your own first, which is very important to make sure that trading as a career for you is something sustainable that you could do for a long time. Your dependence on automation may not take you so far in trading, so while you seek automation, make sure to have the manual knowledge yourself, which is very important.
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What can be your opinion on using AI in crypto trading...is it as risky as copy trading and will it be effective in churning out profits which is all what we really want in the first place?
I never tested any of these bots before (the ones author of the article mentioned in the last of the article) as they are easy to setup but grid trading bot is almost very common in every exchange therefore we can easily give it a try although setting it up on your own is a bit difficult so we should get a tutorial first there is not shame hehe.
I like the idea behind the author's article as he explained everything good using AI chat probably because the technologies he explained are different. I though he will mention the bots using those technologies and features to get us the up-to-date analysis and buy and sell order but the ones (types) he mentioned are not really allow us those features.
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Instead of looking to automate your trading, it is better you master how to trade on your own first, which is very important to make sure that trading as a career for you is something sustainable that you could do for a long time. Your dependence on automation may not take you so far in trading, so while you seek automation, make sure to have the manual knowledge yourself, which is very important.
You're right. We don't rely on AI or bots in trading. If we want to develop our skills in trading, we must learn it manually. I'm very sure that no professional traders that suddenly do AI trading. They must learn trading with the natural way in trading. If you do trading automatically with bots, it means you don't need to use your skills. How to be a professional trader if we always relies on the bot or AI.
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I personally can't help much, but some of my acquaintances use AI trading assistance, it's just that it's not free, it's paid. And in its implementation, they already have the skills to trade. That's why it will be really optimal.
It's just that, when we are beginners and have never used it, and we can't do it, it will be useless, it will actually cause losses. Especially if you choose the wrong and untrusted AI trading, the risk will be higher. It's not easy.
That's why, if you are not sure, it would be better for us to test our trading abilities, learn more about how to handle the market, set indicators, and several other tactics in trading. If you still can't, don't force yourself to do crypto trading, it would be much better to just invest by holding long term.
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I do not support trading with Ai. And I have never used Ai tools for trading. I like to trade as much as possible from my personal skills to analysis. Trading is basically not a profession it can be used as a part time income method and should be avoided as much as possible because an average trader can make good profit by short trading. It is always better to focus more on holding. I really hate trading with Ai.
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There are some benefits and risks associated with AI trading
moreover, AI can be used to analyze vast amount of financial data, detect patterns and make analysis about market movements etc.
However there are also risk which includes, Over dependence on historical data, Lacks human judgement, many inaccuracy and risks, no personalized strategies, and it involves cyber security risks
In a nutshell, i think that AI is good for trading if you are a busy person with some experiences, but may be irrelevant to persons who can trade and has what it takes to navigate the market with good returns over times.
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I also was many post about copy trading using AI but i never use it. I think copy trading did't given always good result. So i Don't believe it. I am confident with spot trading. I think spot trading is very effective for me.
So i think copy trading is not good for me. And i always try to spot trading. And i get good profit from spot trading. But i saw many exchanger started copy trade and it being popular day by day.
If copy trading is not good for you then the target market is not you, Copy trading is used by anyone including beginners and copy trading also requires basic trading knowledge, because it still requires settings for when to buy and where to take profits.
Simply choose who to follow in copy trading and it will usually look at who has the best percentage with a high average trading profit.
And also set how much money will be used for copy trading, because we also don't know how the market is and how well the predictions are made because traders will look at the charts and the available fundamentals
Ok i got it your point. Now i trying to do copy trade i think it is not for me. For copy trade we need big fund otherwise we will not able to get big profit.
But my opinion spot trading is best. I always preferred for spot trading and i also think i need to get more knowledge about ai trading.
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I have been reading many posts on copy trading and then I got interested with the subject of crypto trading using AI. As we know, there are now "automated software applications (https://www.bitdegree.org/crypto/tutorials/how-do-ai-trading-bots-work#how-do-ai-trading-bots-work) designed to execute trades in financial markets, including stocks, commodities, and cryptocurrencies."
Surely, many would be interested to take advantage of this opportunity as we know that people really love passive income with minimal investment of time and effort. Or would this be just another hole in the dark that will suck away people's money to oblivion?
What can be your opinion on using AI in crypto trading...is it as risky as copy trading and will it be effective in churning out profits which is all what we really want in the first place?
AI is still base on analysis,it has no emotions.
I'll never trade with AI or allow it to trade for me. AI is simply a tool that follows orders, it lacks emotions and personal opinions. It executes commands without understanding the context or intentions. What If someone with more expertise accesses the AI, and he has bad intentions, I will be at risk of losing all my money. AI can't differentiate between right and wrong, it only understands the instructions given by the person operating it. I won't even consider trading with AI due to the significant risks involved. If something goes wrong, I won't blame the AI, as it's just following instructions.
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I have been reading many posts on copy trading and then I got interested with the subject of crypto trading using AI. As we know, there are now "automated software applications (https://www.bitdegree.org/crypto/tutorials/how-do-ai-trading-bots-work#how-do-ai-trading-bots-work) designed to execute trades in financial markets, including stocks, commodities, and cryptocurrencies."
Surely, many would be interested to take advantage of this opportunity as we know that people really love passive income with minimal investment of time and effort. Or would this be just another hole in the dark that will suck away people's money to oblivion?
What can be your opinion on using AI in crypto trading...is it as risky as copy trading and will it be effective in churning out profits which is all what we really want in the first place?
Honestly, I don't like all trading-bots. I think trading should be a personal job, and bots have no personality. They are just tools to execute fixed strategies of traders for a short period. The market is constantly changing, and strategies need to be updated, and bots also need to be trained continuously to keep up with the market.
AI has more power than traders but it doesn't have enough experience or sentiment. AI cannot accurately predict market fluctuations, so I don't trust it enough to hand over my account to it. I would be happy if AI could help me analyze existing trading strategies and suggest the most suitable ones for my investment criteria.
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There are some traders who conduct their trading activities using AI, there are others who do not believe in it and others lack ideas or knowledge. But in my knowledge, the majority of traders still prefer to conduct trading in the natural way or the way we are used to.
In which is for me, that is also what I like and what I am doing so far, because it is healthier and I get a more organic way to obtain profit in the end,
and for sure other traders are doing the same.
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What can be your opinion on using AI in crypto trading...is it as risky as copy trading and will it be effective in churning out profits which is all what we really want in the first place?
Instead of looking to automate your trading, it is better you master how to trade on your own first, which is very important to make sure that trading as a career for you is something sustainable that you could do for a long time. Your dependence on automation may not take you so far in trading, so while you seek automation, make sure to have the manual knowledge yourself, which is very important.
Exactly, instead of relying solely on AI for trading, it is important to utilize your knowledge and skills to understand your capabilities and limitations. By doing so, you'll discover what you can accomplish independently, without relying on AI. If you depend on AI too much, it can lead to complacency, causing you to depend excessively on technology rather than making your own informed decisions. if you don't put your trading skills and experience into practice, you're at risk of losing them and becoming overly dependent on AI.
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AI in trading, how it differs from the previous trading bots? I guess none? It is just called now AI with words like new algo, analyze for you, can adapt, and much complex.
Well, at the end of the day it is still too hard to speculate and adapt trading strategies in a more volatile assets like bitcoin and crypto. Better to get knowledgeable and acquired skills in trading than relying on these things for much better results.
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I have been reading many posts on copy trading and then I got interested with the subject of crypto trading using AI. As we know, there are now "automated software applications (https://www.bitdegree.org/crypto/tutorials/how-do-ai-trading-bots-work#how-do-ai-trading-bots-work) designed to execute trades in financial markets, including stocks, commodities, and cryptocurrencies."
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My experience with AI is indeed good but sometimes AI also has limited capabilities because AI is also man-made. Nothing that is man-made is perfect, there must be shortcomings including AI.
Trading with ourselves also has a very big risk, especially using AI to trade. If we make a wrong move just once, our assets in crypto trading can be lost. This is very dangerous.
I do not recommend trading using AI, it is better to trade in crypto with yourself like on Spot. Buy low and Sell high.
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I have been reading many posts on copy trading and then I got interested with the subject of crypto trading using AI. As we know, there are now "automated software applications (https://www.bitdegree.org/crypto/tutorials/how-do-ai-trading-bots-work#how-do-ai-trading-bots-work) designed to execute trades in financial markets, including stocks, commodities, and cryptocurrencies."
Surely, many would be interested to take advantage of this opportunity as we know that people really love passive income with minimal investment of time and effort. Or would this be just another hole in the dark that will suck away people's money to oblivion?
What can be your opinion on using AI in crypto trading...is it as risky as copy trading and will it be effective in churning out profits which is all what we really want in the first place?
- I also see a lot of youtubers like that, honestly speaking, and I don't believe almost all of them if they really make money, because since they have a lot of followers, it's possible that the profits they show are from their referral links.
And because of that, they show that the profits they get are from their copy trading and I don't believe this, because there are also a few copy trades that they show and make content for, they just say they make money, the question is, what about the content they make about copy trading?
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- I also see a lot of youtubers like that, honestly speaking, and I don't believe almost all of them if they really make money, because since they have a lot of followers, it's possible that the profits they show are from their referral links.
99% of these channels aim to profit from referral links and therefore they do not care much about the future experience of users as long as their partners pay them commissions which vary according to the influence of these YouTubers.
So copy trading is not a smart idea.
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AI in trading, how it differs from the previous trading bots? I guess none? It is just called now AI with words like new algo, analyze for you, can adapt, and much complex.
Well, at the end of the day it is still too hard to speculate and adapt trading strategies in a more volatile assets like bitcoin and crypto. Better to get knowledgeable and acquired skills in trading than relying on these things for much better results.
I have thought about the difference between trading bot and AI trading, i think they are the same just an upgrade of trading bot in my opinion. With my little experiences on trading Bot, it was not better than trading with my skills and experiences, in fact, trading bot and AI may be irrelevant to normal trading because i think that AI can still suffer losses.
I think it is far better to trade with personal skills to acquire the necessary experiences than AI or bot trading.
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I have thought about the difference between trading bot and AI trading, i think they are the same just an upgrade of trading bot in my opinion. With my little experiences on trading Bot, it was not better than trading with my skills and experiences, in fact, trading bot and AI may be irrelevant to normal trading because i think that AI can still suffer losses.
I think it is far better to trade with personal skills to acquire the necessary experiences than AI or bot trading.
Yes, AI trading is sound like an upgrade to trading bot, and it doesn't have any guarantee to get profit when using this two as well. Relying with own skill, knowledge and instinct probably will have much better result compare using tools.
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Yes, AI trading is sound like an upgrade to trading bot, and it doesn't have any guarantee to get profit when using this two as well. Relying with own skill, knowledge and instinct probably will have much better result compare using tools.
They are just the same, but I think AI seems much smarter than bots because bots are only used for automating simple tasks, than AI is usually used for, I think, advanced learning, and the same thing it automates, but it learns from the previous data they gather and uses that to make a smart decision.
If it's all about AI trading, they gather the previous data and use it on the strategy, and then AI will suggest a good position based on AI analysis, meaning it's smarter and it develops itself more than bots.
Bots is way more manual; it depends on you how you set your trading style or strategy and automate it with repeated tasks.
That's what I understand if we compared bots and AI's.
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It is wild how these bots analyze tons of data to trade for you, aiming for profits while you chill. I'm pumped about the idea of passive income but i am also nervous. Unlike copy trading where you follow humans, this is all algorithms and if the market tanks or the tech glitches, it could flop. I read it can crunch patterns way faster than us–think milliseconds– which is cool but I wonder if it is too good to be true.
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I read it can crunch patterns way faster than us–think milliseconds– which is cool but I wonder if it is too good to be true.
I can see that happening, but if most people have that tool I doubt it will be that effective. They're using algorithms and data anyway, so if the data is terrible you might see them make terrible decisions too. I also agree that if it sounds too good to be true, it probably is. I mean, if someone has an advanced AI tool to make tons of profits, why would they sell it to retail users?
On the other hand, companies seem to push this AI hard to retail users, even though most of their business happens on the B2B side. Kinda disappointing to me tbh.
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In my point, AI in crypto trading is a double-edged sword. It can optimize strategies, process massive data, and execute trades faster than any human. But let's be real—no AI guarantees profits, and many are just overhyped bots that thrive on fees rather than actual performance.
The key question: who controls the AI? If it’s a black box with no transparency, it’s just another way to drain funds. AI is a tool, not a magic money printer.
I'm not worried about who's behind running AI, because traders can completely run A2 models on their laptops without fear of interference from whales. I'm only concerned about the effectiveness of AI in trading, because after all, AI is just a machine, it can't replace the role of humans.
If all traders use AI, I don't think everyone will profit because the market doesn't have enough money to pay all traders. That means only some traders who use AI intelligently and reasonably can make profits, the rest will continue to lose as before. The most important thing to make a profit is probably the experience and capital management skills of the traders.
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For me there is nothing good, because in many occasions some traders use bots with AI but they still don't win, they lose more than they win, so it is not profitable and it is a waste of time, for me AI is not yet advanced enough to help humans to trade, it lacks a lot, so it is neither adequate nor recommended, I still trust in natural Intelligence that analyzes and gives better reasons than an AI, maybe an AI does technical analysis faster, but it is not efficient, for me it is more valuable to know what is happening in the market than anything else.
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I have tried AI trading as well as copy trading and in both cases I did not achieve results that were much different from manual trading, or maybe I was hoping to get much better results.
As for copy trading, it depends primarily on the traders who are being copied, so if they make any mistakes, it will be directly reflected on you. They are ultimately human beings who have successful and losing deals.
As for copy trading, it can be a little better, but it also depends on human programming and thus errors exist. The biggest advantage is that it saves you from watching the screen and giving orders.
Therefore, the judgment in the case depends on the user's experience, whether it was successful or not.
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There is nothing bad in making nuse of AI to trade, once you know you can afford to use it, both the good and bad side effects of using AI should be well known to us, but we should not always rely on them as well, we can still help by knowing how to trade without the use of AI, trading comes in different ways and we have to know which best works for us to use, as long as we are going into get the results needed, AI is not bad to trade with.
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I think it is far better to trade with personal skills to acquire the necessary experiences than AI or bot trading.
Obviously. I don't know how people allow and trust bots and AI models to manage their funds allowing them to trade on their behalf knowing that they don't have a brain or understanding like human but they work based on codes and commands, which means that they can only observe the market based on prices and charts but they can't see sentiments or read news or predict anything based on forecasts.
I would never use a trading bot or an AI bot for my trading activities because I believe myself more and I believe a bot can incur more losses than me since it is only going to act as per a strategy that I set in it while I might be able to improvise and change my plans as per the market conditions and sentiments. :)
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I would never use a trading bot or an AI bot for my trading activities because I believe myself more and I believe a bot can incur more losses than me since it is only going to act as per a strategy that I set in it while I might be able to improvise and change my plans as per the market conditions and sentiments. :)
It's the best thing you can do, I wouldn't trade with AI either because basically things with AI are very different, it's just a shot in the air and you don't know how good it will be, for me the best thing is to always trust my analysis, an AI is not an infallible tool to win, maybe to ask some questions, but up to there.
Also, I consider that AI is not as developed as many believe, it is just taking baby steps, or it is still crawling, it has not yet developed, so you should not let yourself be carried away by these things.
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Also, I consider that AI is not as developed as many believe, it is just taking baby steps, or it is still crawling, it has not yet developed, so you should not let yourself be carried away by these things.
Yes, you have to learn it first and AI is still developing nowadays so it takes a lot of data that AI needs to understand how trading works.
AI also cannot predict future crypto prices because it is also related to imperfect data management because it does not cover all data in real-time or there are limitations.
I also don't entrust everything to AI, but it may be a good partner in the future.
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Artificial intelligent on trading is nothing like that will give you guarantee of profit so even you could use artificial intelligent as an tools but don't think that it will generate money for you.
Moreover, I think that if you use artificial intelligence blindly, there will be more chances of loss instead of profit in trading. And for this reason, I think that if you do not have trading skills, you will not be able to do much using artificial intelligence, but there will be chances of loss.
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Yes, you have to learn it first and AI is still developing nowadays so it takes a lot of data that AI needs to understand how trading works.
AI also cannot predict future crypto prices because it is also related to imperfect data management because it does not cover all data in real-time or there are limitations.
I also don't entrust everything to AI, but it may be a good partner in the future.
It often had to do with algorithms that Applied AI to markets, and I thought that AI was so good that it made those who used it win, but now that everything about AI has come to light I know that this is not the case, so this is something that we must understand , that it has to be for other reasons , Something that is very different and works differently , so in view of this we can say that things are very likely to be changeable, and that AI is not the Holy Grail, that it still needs a lot of development.
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so this is something that we must understand , that it has to be for other reasons , Something that is very different and works differently , so in view of this we can say that things are very likely to be changeable, and that AI is not the Holy Grail, that it still needs a lot of development.
I'm not sure if there's some secret sauce on how AI on trading works, but I doubt AI will solve everything on its own even if we're living in 2100. My reasoning is simple. People who are in the top 1% or so won't let their wealth get reduced because some random users bought an AI trading software. If it's such a potent tool they'll covet it and make it prioritize their goal first.
I do agree that this new trend will likely stay. Some news suggests that GPU companies like Nvidia prioritize clients that focus on AIs already. I doubt they'll let those billions of money slip away from their grasp.
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I am not sure about this way of trading, it has a very big risk. Doing manual analysis will be better than AI trading, but if you are curious, you can try it. There have been many examples of failed trading with Bots, will we do the same thing by doing this AI trading!
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I am not sure about this way of trading, it has a very big risk. Doing manual analysis will be better than AI trading, but if you are curious, you can try it. There have been many examples of failed trading with Bots, will we do the same thing by doing this AI trading!
I agree with you, I prefer to trade manually not using bots. because by doing it manually we can learn to make analysis and develop strategies and if we fail we understand our mistakes.
Although there are those who use bots and succeed, but I have never succeeded
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I do agree that this new trend will likely stay. Some news suggests that GPU companies like Nvidia prioritize clients that focus on AIs already. I doubt they'll let those billions of money slip away from their grasp.
Yes, I agree that things are usually very likely to happen that way, but if we don't Start thinking, quantum technology will be out very soon, when quantum computers start to have their first Generations, AI will start to get stronger because they will handle much more failed data and very Large Data , so this means that it may be a little more Efficient , however I don't think it will be enough to be able to predict and forecast in the Financial Markets.
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I am not sure about this way of trading, it has a very big risk. Doing manual analysis will be better than AI trading, but if you are curious, you can try it. There have been many examples of failed trading with Bots, will we do the same thing by doing this AI trading!
I agree with you, I prefer to trade manually not using bots. because by doing it manually we can learn to make analysis and develop strategies and if we fail we understand our mistakes.
Although there are those who use bots and succeed, but I have never succeeded
Everyone has their own way to gain profit in trading, because there are indeed many ways that can be done. We must be ourselves and not imitate what others do while we cannot do it. I think manual trading is okay, although the profit we get is sometimes not as we expect.
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I am not sure about this way of trading, it has a very big risk. Doing manual analysis will be better than AI trading, but if you are curious, you can try it. There have been many examples of failed trading with Bots, will we do the same thing by doing this AI trading!
I personally believe that anything that involves finances should be managed by us instead of relying on another person; bots are far from the equation for me. I would never be rest assured that my money is safe if I set up a bot or even an AI model to do trading on my behalf and manage my money, trades, and everything about it. I would always feel like I'm going to lose my money because a bot or even an AI doesn't have a brain but works based on codes and instructions, so they can't make impromptu decisions.
This is the reason why I've never even tried a trading bot even if people have vouched for them and said that they work very efficiently and it saves you a lot of time and whatever, but I would rather spend some time analyzing the market and making my trades manually instead of automating the process with a bot or an AI.
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I am not sure about this way of trading, it has a very big risk. Doing manual analysis will be better than AI trading, but if you are curious, you can try it. There have been many examples of failed trading with Bots, will we do the same thing by doing this AI trading!
I personally believe that anything that involves finances should be managed by us instead of relying on another person; bots are far from the equation for me. I would never be rest assured that my money is safe if I set up a bot or even an AI model to do trading on my behalf and manage my money, trades, and everything about it. I would always feel like I'm going to lose my money because a bot or even an AI doesn't have a brain but works based on codes and instructions, so they can't make impromptu decisions.
This is the reason why I've never even tried a trading bot even if people have vouched for them and said that they work very efficiently and it saves you a lot of time and whatever, but I would rather spend some time analyzing the market and making my trades manually instead of automating the process with a bot or an AI.
That's right, we have to be careful with all the actions we will take related to Money. Whether it's in cryptocurrency trading or not, because if we take the wrong step then we will risk losing our money. managing our own money in a good way is a very wise thing, I just remind you of the many ways people out there want to take advantage of the mistakes we make.
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That's right, we have to be careful with all the actions we will take related to Money. Whether it's in cryptocurrency trading or not, because if we take the wrong step then we will risk losing our money. managing our own money in a good way is a very wise thing, I just remind you of the many ways people out there want to take advantage of the mistakes we make.
Mistake to another person is a profits to the other person that is why people should be extremely careful while trading and doesn't care about you knowing what you are doing or not, and immediately you hit buy or sell options it continues without knowing whether you are losing or not, but at the ending part of it you would see that you have lost significant amount of money while trading.
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That's right, we have to be careful with all the actions we will take related to Money. Whether it's in cryptocurrency trading or not, because if we take the wrong step then we will risk losing our money. managing our own money in a good way is a very wise thing, I just remind you of the many ways people out there want to take advantage of the mistakes we make.
We must be able to manage our money well, because in investment and trading it requires proper financial and risk management. If we make a mistake of course we will lose and this will reduce our portfolio. We must always focus and be careful.
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That's right, we have to be careful with all the actions we will take related to Money. Whether it's in cryptocurrency trading or not, because if we take the wrong step then we will risk losing our money. managing our own money in a good way is a very wise thing, I just remind you of the many ways people out there want to take advantage of the mistakes we make.
We must be able to manage our money well, because in investment and trading it requires proper financial and risk management. If we make a mistake of course we will lose and this will reduce our portfolio. We must always focus and be careful.
Deciding in buying and selling behaviour is by no means only when to buy or to sell, but how one avoids being trapped. Sometimes, the outcome of every action that is taken is influenced by certain factors and even possessing a slight error in the result is possible. Hence for any decision to be made, it requires due diligence so that am no swept with current that may be bad for me. Any change that takes place does come with its consequences, and preparation towards different events is something that will play a huge role in ensuring that the changes will lead to the right output that has been achieved.
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I personally believe that anything that involves finances should be managed by us instead of relying on another person
Do you go to a doctor? When you can trust your life to experts why not your finances? I understand your skepticism but sometimes it become Cartisian Skepticism ;D
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I do agree that this new trend will likely stay. Some news suggests that GPU companies like Nvidia prioritize clients that focus on AIs already. I doubt they'll let those billions of money slip away from their grasp.
It's a fact, things are like this, when we prioritize trading as a way to make money, you have to resort to many aids including the most advanced technology, it is true that AI is in fashion, but it really needs better development, it is for me like a baby that is crawling, it does not walk yet, so this has meant that if it is faster than a human being then it works, if it thinks better than an algorithm that can only be given instructions then it works, large corporations take advantage of one of these things, I think the advantage here is that they have more money.
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We must be able to manage our money well, because in investment and trading it requires proper financial and risk management. If we make a mistake of course we will lose and this will reduce our portfolio. We must always focus and be careful.
Risk management is very important, especially nowadays, when the market goes up and down all the time, albeit not that much compared to what we may experience once the run is over.
That's where potential lies 8)
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- Honestly, I haven't tried that yet, because I'm still a bit hesitant about it, and it seems like other communities are right that it's still different when you're the one doing the actual trade. Then that seems to be similar to copy trade or trading bot, it just seems to have a different name but the concept of the function is the same.
This is just my assessment, but if you've tried it and it's giving you good results, then just continue what you started with, especially if you're getting earnings from it.
So I understand that your intentions are good.
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I am not sure about this way of trading, it has a very big risk. Doing manual analysis will be better than AI trading, but if you are curious, you can try it. There have been many examples of failed trading with Bots, will we do the same thing by doing this AI trading!
Ai definitely can think something and done that faster then a human but Ai has no emotions So Ai cannot do many things that a human can do. It is possible to make a profit by trading through Ai, but it is also risky in many cases. I will not say that everyone should avoid Ai. If someone thinks that Ai is always capable of bringing him more profit than himself, then he can trade through Ai. Because everyone trades for profit, so it is natural that he will use the one from which he will get the best profit.
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Ai definitely can think something and done that faster then a human but Ai has no emotions So Ai cannot do many things that a human can do. It is possible to make a profit by trading through Ai, but it is also risky in many cases. I will not say that everyone should avoid Ai. If someone thinks that Ai is always capable of bringing him more profit than himself, then he can trade through Ai. Because everyone trades for profit, so it is natural that he will use the one from which he will get the best profit.
Well, I think we can use AI only for signals but not for automating trades atleast we are notified by AI for any signals that we can use as extra hint if the price will go against on what we predict.
And you can use AI to gather all data for you with summary that can help in your trading decision. I never use any trading AI yet but I am forward to test them if they offer it for free. I'm just going to use it for signals and maybe analyze the market to detect possible patterns.
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I am not sure about this way of trading, it has a very big risk. Doing manual analysis will be better than AI trading, but if you are curious, you can try it. There have been many examples of failed trading with Bots, will we do the same thing by doing this AI trading!
I agree with you, I prefer to trade manually not using bots. because by doing it manually we can learn to make analysis and develop strategies and if we fail we understand our mistakes.
Although there are those who use bots and succeed, but I have never succeeded
Everyone has their own way to gain profit in trading, because there are indeed many ways that can be done. We must be ourselves and not imitate what others do while we cannot do it. I think manual trading is okay, although the profit we get is sometimes not as we expect.
Your comment is also very suitable in this time. So i am also agree with your prefer comment. We know that trade is one of the best earning way in cryptocurrency market. So i think that we should select trading system, which will be very prefer for our trading. So i think that manual trading system will be very prefer. I also believe that if we want to understand in cryptocurrency market and trading system, then AI also will be very prefer for us. Because i think that knowledge is very important for crypto trading, if we want to earn best profit from cryptocurrency market.
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I am not sure about this way of trading, it has a very big risk. Doing manual analysis will be better than AI trading, but if you are curious, you can try it. There have been many examples of failed trading with Bots, will we do the same thing by doing this AI trading!
I agree with you, I prefer to trade manually not using bots. because by doing it manually we can learn to make analysis and develop strategies and if we fail we understand our mistakes.
Although there are those who use bots and succeed, but I have never succeeded
Everyone has their own way to gain profit in trading, because there are indeed many ways that can be done. We must be ourselves and not imitate what others do while we cannot do it. I think manual trading is okay, although the profit we get is sometimes not as we expect.
Your comment is also very suitable in this time. So i am also agree with your prefer comment. We know that trade is one of the best earning way in cryptocurrency market. So i think that we should select trading system, which will be very prefer for our trading. So i think that manual trading system will be very prefer. I also believe that if we want to understand in cryptocurrency market and trading system, then AI also will be very prefer for us. Because i think that knowledge is very important for crypto trading, if we want to earn best profit from cryptocurrency market.
you really have a point , a very useful point having knowledge and coming into trading will be very advice able and it will really helps a lot knowing basic of trading will get you more closer to crypto. Learning never stop having knowledge will give you more information about the market than those trading with AI and not having knowledge. But AI can also be a better option for trading cause it will less your work and do the analysis for you and you can comfortably go and have a good day and come back when the bot is done and will give you good and perfect result. But if one want to understand and enjoy trading or crypto world knowledge is very important it is a priority.
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I am not sure about this way of trading, it has a very big risk. Doing manual analysis will be better than AI trading, but if you are curious, you can try it. There have been many examples of failed trading with Bots, will we do the same thing by doing this AI trading!
With my experience in trading, I recommend any body that is interested in trading to always learn how to trade on their own, it's has not been a good experience for anyone I know who has trusted AI. At least there are real professional traders who started very little too, they started as newbies and mastered the process, we can be like that if we are dedicated in learning how to trade but to trust on AI is like following a blind lead, whatever unknown direction they take you to, you will follow them, even if they lead you to where you will lose all your money. That's how AI lead traders that rely on them.
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I am not sure about this way of trading, it has a very big risk. Doing manual analysis will be better than AI trading, but if you are curious, you can try it. There have been many examples of failed trading with Bots, will we do the same thing by doing this AI trading!
With my experience in trading, I recommend any body that is interested in trading to always learn how to trade on their own, it's has not been a good experience for anyone I know who has trusted AI. At least there are real professional traders who started very little too, they started as newbies and mastered the process, we can be like that if we are dedicated in learning how to trade but to trust on AI is like following a blind lead, whatever unknown direction they take you to, you will follow them, even if they lead you to where you will lose all your money. That's how AI lead traders that rely on them.
Well with the way AI seem to be interfering on every plane in the world today makes it look easier for people to feel as if they will get an edge with trading AI signals which I really don't have the insight to give an advice but one thing am certain is that when it comes to trading I think relying on your self knowledge would be best and also it takes long time to actually gather up all those knowledge to learn so it's definitely a game of trying luck with AI signals.
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Well with the way AI seem to be interfering on every plane in the world today makes it look easier for people to feel as if they will get an edge with trading AI signals which I really don't have the insight to give an advice but one thing am certain is that when it comes to trading I think relying on your self knowledge would be best and also it takes long time to actually gather up all those knowledge to learn so it's definitely a game of trying luck with AI signals.
The development of AI technology is very rapid, even in trading there is something called AI trading technology. However, trading is related to money, and if the money is lost then we ourselves will lose. Therefore, we must be extra careful here. Do not follow technology too much, where we do not fully understand. Big risks haunt us, stay careful with our money so that it does not disappear in vain.
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The development of AI technology is very rapid, even in trading there is something called AI trading technology. However, trading is related to money, and if the money is lost then we ourselves will lose. Therefore, we must be extra careful here. Do not follow technology too much, where we do not fully understand. Big risks haunt us, stay careful with our money so that it does not disappear in vain.
AI trading has ruined a lot of traders account because there are so many kinds of AI people are using this days to trade and some are not as productive as the sellers claims to be and at the end they messed up a trading account of the buyer, in years back I usually hear people saying they would want to start a trading class but now those faces has been shifted to the technological part of it because 80 percent of people want the easy way, making them rely so much on AI trading. Though a lot of people might have seen a good productive trading through it but cautious is important.
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I have been reading many posts on copy trading and then I got interested with the subject of crypto trading using AI. As we know, there are now "automated software applications (https://www.bitdegree.org/crypto/tutorials/how-do-ai-trading-bots-work#how-do-ai-trading-bots-work) designed to execute trades in financial markets, including stocks, commodities, and cryptocurrencies."
Surely, many would be interested to take advantage of this opportunity as we know that people really love passive income with minimal investment of time and effort. Or would this be just another hole in the dark that will suck away people's money to oblivion?
What can be your opinion on using AI in crypto trading...is it as risky as copy trading and will it be effective in churning out profits which is all what we really want in the first place?
To be honest with you, I didn't trading with Ai will turn out to become any thing special in any way, and this is because trading is often all about being able to predict correctly, the future price movement of an asset, Ai same way as humans will only try to guess which way the price of an asset will go based on previous data available to it, and maybe also based on the hype that is surrounding the asset, but in the end, this is still simply a guess and there is no way for Ai to be extremely certain or sure that it's production will be 100 percent correct.
I still believe that using our human power and ability to first hand information as regards the currency market, would still in the long run be more profitable to us than relying on Ai to trade for us.
This is my opinion on this topic, and I still stand to be corrected just Incase there is something important I missed about Ais.
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Your comment is also very suitable in this time. So i am also agree with your prefer comment. We know that trade is one of the best earning way in cryptocurrency market. So i think that we should select trading system, which will be very prefer for our trading. So i think that manual trading system will be very prefer. I also believe that if we want to understand in cryptocurrency market and trading system, then AI also will be very prefer for us. Because i think that knowledge is very important for crypto trading, if we want to earn best profit from cryptocurrency market.
It is also something very appropriate, I really would use AI to ask some questions, some things, doubts, maybe some ways to use a specific method, if that happens then it can clarify the doubts, but I would not let an AI do trading operations for me for anything in the world, I would not accept it for anything in the world, because AI is not something that is safe, AI is a set of algorithms that make decisions regarding what they have in their programming and filtered information.
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Your comment is also very suitable in this time. So i am also agree with your prefer comment. We know that trade is one of the best earning way in cryptocurrency market. So i think that we should select trading system, which will be very prefer for our trading. So i think that manual trading system will be very prefer. I also believe that if we want to understand in cryptocurrency market and trading system, then AI also will be very prefer for us. Because i think that knowledge is very important for crypto trading, if we want to earn best profit from cryptocurrency market.
It is also something very appropriate, I really would use AI to ask some questions, some things, doubts, maybe some ways to use a specific method, if that happens then it can clarify the doubts, but I would not let an AI do trading operations for me for anything in the world, I would not accept it for anything in the world, because AI is not something that is safe, AI is a set of algorithms that make decisions regarding what they have in their programming and filtered information.
in trading we should not use AI, because by trading manually it will make us have skills and expertise. Bots or other technologies will make our analytical skills not sharp, that's in my opinion, but for those who are experts in using Ai, please go ahead.
because everyone has their own decisions.
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Your comment is also very suitable in this time. So i am also agree with your prefer comment. We know that trade is one of the best earning way in cryptocurrency market. So i think that we should select trading system, which will be very prefer for our trading. So i think that manual trading system will be very prefer. I also believe that if we want to understand in cryptocurrency market and trading system, then AI also will be very prefer for us. Because i think that knowledge is very important for crypto trading, if we want to earn best profit from cryptocurrency market.
It is also something very appropriate, I really would use AI to ask some questions, some things, doubts, maybe some ways to use a specific method, if that happens then it can clarify the doubts, but I would not let an AI do trading operations for me for anything in the world, I would not accept it for anything in the world, because AI is not something that is safe, AI is a set of algorithms that make decisions regarding what they have in their programming and filtered information.
in trading we should not use AI, because by trading manually it will make us have skills and expertise. Bots or other technologies will make our analytical skills not sharp, that's in my opinion, but for those who are experts in using Ai, please go ahead.
because everyone has their own decisions.
Yes, trading using AI can often be profitable because a robot can make decisions faster than a human and can observe many things that a human cannot. However, trading with AI does not develop any skills and you have to be completely dependent on AI. I am never in favor of trading using AI. It only makes our brain lazy. Therefore, AI should not be used in trading just for the purpose of making some profit.
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in trading we should not use AI, because by trading manually it will make us have skills and expertise. Bots or other technologies will make our analytical skills not sharp, that's in my opinion, but for those who are experts in using Ai, please go ahead.
because everyone has their own decisions.
Exactly, you are right about that, but more than thinking about it there is something that can be easily lost and that is the trader's intelligence and thinking ability. If the trader focuses on a bot or a program thinking for him, that thinking ability will decrease and that is not something good for us as traders or for any human being, I think that AI should only be used to teach and educate, but to execute activities, human thought and intelligence are much better.
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Your comment is also very suitable in this time. So i am also agree with your prefer comment. We know that trade is one of the best earning way in cryptocurrency market. So i think that we should select trading system, which will be very prefer for our trading. So i think that manual trading system will be very prefer. I also believe that if we want to understand in cryptocurrency market and trading system, then AI also will be very prefer for us. Because i think that knowledge is very important for crypto trading, if we want to earn best profit from cryptocurrency market.
It is also something very appropriate, I really would use AI to ask some questions, some things, doubts, maybe some ways to use a specific method, if that happens then it can clarify the doubts, but I would not let an AI do trading operations for me for anything in the world, I would not accept it for anything in the world, because AI is not something that is safe, AI is a set of algorithms that make decisions regarding what they have in their programming and filtered information.
in trading we should not use AI, because by trading manually it will make us have skills and expertise. Bots or other technologies will make our analytical skills not sharp, that's in my opinion, but for those who are experts in using Ai, please go ahead.
because everyone has their own decisions.
Maybe in other things AI can be useful, such as asking questions about things we don't know, like in Google search; it can be said that AI is a great help. But in terms of trading that will be accompanied by AI, it seems like its impact will not be organic to me.
Because it seems to me that it is no different from copy trading or trading bots. Then if this concept really gives profit, then all traders would be using it and doing it, right? It also seems like a job for the lazy, in my opinion.
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Maybe in other things AI can be useful, such as asking questions about things we don't know, like in Google search; it can be said that AI is a great help. But in terms of trading that will be accompanied by AI, it seems like its impact will not be organic to me.
Because it seems to me that it is no different from copy trading or trading bots. Then if this concept really gives profit, then all traders would be using it and doing it, right? It also seems like a job for the lazy, in my opinion.
It's a fact that things are like that, I really think the same, for research or searching for some things it is very useful, but in terms of making money , I don't see it as viable, in fact the programmers make it especially so that they do not use that type of functions, if they can help with theory or with explanations that we cannot understand, yes, to give predictions no, then I consider that in case they do give signs or can give operations it is also a clear example of mere laziness for the Operator and it is Something that is not very good.
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I have been reading many posts on copy trading and then I got interested with the subject of crypto trading using AI. As we know, there are now "automated software applications (https://www.bitdegree.org/crypto/tutorials/how-do-ai-trading-bots-work#how-do-ai-trading-bots-work) designed to execute trades in financial markets, including stocks, commodities, and cryptocurrencies."
Surely, many would be interested to take advantage of this opportunity as we know that people really love passive income with minimal investment of time and effort. Or would this be just another hole in the dark that will suck away people's money to oblivion?
What can be your opinion on using AI in crypto trading...is it as risky as copy trading and will it be effective in churning out profits which is all what we really want in the first place?
As a trader I am too sensitive to give an AI the overall power over my trades because, I do use bot trading but and while some where profitable some where not and you need to acquire efficient knowledge to be able to correctly input the parameters of the bot while I allow the bot to continue running when in profit I do check in on it frequently and close trades manually when in loss so I do use bot trading but not completely giving it control.
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The use of crypto trading AI bot is not bad and at the same time may not also be a perfect thing to do, because we may not get the accurate result we want from using such and this alone could be another issues because of their maximum productivity being reached, trading crypto with he use of AI is a good idea for some while some have totally disagree on this and trade by their own self.