Crypto Trading with AI: Good or Not?

[TomPluz]

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 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?

[dave_strider]

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.

[Findingnemo]

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.

[Penlex_Writer]

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 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.

[SmartGold01]

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.

[LogitechMouse]

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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.

[jeraldskie11]

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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.

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.

[joniboini]

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.

[hugeblack]

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.

[Mr. Magkaisa]

       -       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.

[Crypto Library]

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.

[albon]

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.

[kulkhan]

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 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.

[taufik123]

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

[Stompix]

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?