Crypto Trading with AI: Good or Not?

[Vx1]

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!

[rizqillah]

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

[LUCKMCFLY]

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.

[Vx1]

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.

[Alone055]

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.

[Vx1]

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.

[SmartGold01]

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.

[rizqillah]

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.

[enwi]

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.

[memehunter]

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 

[LUCKMCFLY]

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.

[dave_strider]

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

[Mr. Magkaisa]

        -     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.

[JISAN]

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.

[BitMaxz]

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.