Bitcoin Forum

Economy => Trading Discussion => Topic started by: tread93 on September 13, 2023, 01:25:11 PM



Title: If you had AI day trade bitcoin to make profits
Post by: tread93 on September 13, 2023, 01:25:11 PM
How would one do so efficiently? I am very interested.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: BitMaxz on September 13, 2023, 03:51:08 PM
AI Day trading with crypto like Bitcoin is very risky without knowledge you won't be able to make a profit.

Since crypto is too volatile it would be hard to make an AI trading bot more efficient in day trading. Because you will need to train your AI model from previous historical data, strategies, and risk management. There is no guarantee that your AI will make a profit after you've trained it unless you know much about risk management and good strategies.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Faisal2202 on September 13, 2023, 04:05:36 PM
If I have access to an AI bot that could efficiently do day trade in BTC, then like other big investors, I might try to perform hundreds of trades in BTC. I recently watched a video in which the person, who is an Institutional trader, is making thousands of small trades, by using some automated bot and he said the profit ratio is good. But, as I am not that familiar with that strategy, so before implementing it, I do need some knowledge plus a lot of assets too. Which I don't have now, well, I also don't have the AI in my hand so.  ;)
AI Day trading with crypto like Bitcoin is very risky without knowledge you won't be able to make a profit.

Since crypto is too volatile it would be hard to make an AI trading bot more efficient in day trading. Because you will need to train your AI model from previous historical data, strategies, and risk management. There is no guarantee that your AI will make a profit after you've trained it unless you know much about risk management and good strategies.
You are 100% right, and another thing is, that the creation and maintenance of that AI bot must be done frequently. But as OP has created a situation in which we have the AI bot already in complete form, to day trade in BTC. This means that AI must have all the necessary functions required by day traders. As, we all know day trading, has different strategies that could earn money. And day trading in BTC might be profitable as it is less volatile than ALTs.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: ImThour on September 13, 2023, 04:12:48 PM
So If I am not wrong, you are asking about an AI which do day trading for you and get you profits? So how are you so sure at the first place that it will only be a profit? Why there's no chance of loss in your trading logic? Also, Day Trading requires trade to be completed before the day is over. So what if your criteria to close the trade isn't met on the same day? Will you close it with the on-going loss and Profit? If AI trading was beneficial, teams building GPT-4 would have worked on that directly.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: mk4 on September 13, 2023, 04:48:16 PM
If I actually found a way to use AI to trade bitcoin or whatever cryptocurrency or asset in general effectively, simple — why the heck would I tell anyone? I'd just use whatever method that is and use it heavily until it doesn't work anymore. There's no way that strategy would come out of my mouth.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: livingfree on September 13, 2023, 05:17:23 PM
How would one do so efficiently? I am very interested.
Just because it is an AI, it doesn't mean that it will rake you profits with assurance. No, it doesn't go like that as these AIs are also not perfect and can make mistakes.

They're basing the data of the market based on what can be found through the interest and they can't do read future events so, there's no analysis that they can do pertaining to future market movements but only the past ones.

If I actually found a way to use AI to trade bitcoin or whatever cryptocurrency or asset in general effectively, simple — why the heck would I tell anyone? I'd just use whatever method that is and use it heavily until it doesn't work anymore. There's no way that strategy would come out of my mouth.
I agree, I'll definitely make myself the richest first until it doesn't work anymore but sadly, there's nothing like that.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: palle11 on September 13, 2023, 06:47:59 PM
Your question is also what going on in the minds many but you were about to put your question into writing here. Everyone want easy money but it doesn't come that way you want it. If you ever find such Al trading bitcoin profitable, you won't release it online so also others. It is a difficult and Al are not reliable in trading. Try to learn best way to trade and profit from it. People who have secret to make themselves rich won't like to get you involved in it.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: JunaidAzizi on September 13, 2023, 07:14:30 PM
How would one do so efficiently? I am very interested.

Using AI in day trading is not like magic which gives you only profits. AI can't perform well and make mistakes. Due to high volatility, it is difficult for AI to make predictions which leads to loss. Also, the bots are more expensive and very complex to use. And the most fearable thing is that the hacker can easily manipulate the AI bots which is lost for you in a huge amount. Although AI has some more potential benefits I can't recommend that you use AI,  Do your own research, Gain knowledge, and then do trading, it will be good enough from AI bots.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: logfiles on September 13, 2023, 10:31:48 PM
How would one do so efficiently? I am very interested.
Learn how to trade mate. Stop looking for easy ways out because you won't get any

I don't know what the fuss about AI is because there's nothing special. I have seen lots of trading tools created lately with an assurance of using AI to predict trades but they still record losses.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: alastantiger on September 13, 2023, 10:46:54 PM
How would one do so efficiently? I am very interested.
If you are beginner you want to make all the efforts to stay from anything that is AI assisted. It will benefit you in the long run. The use of artificial intelligence in trading will make the trader less confident and you don't want to deal with a trader.

Even if you have to use AI let it be as a collaborator in your analysis and not as a substitute for the real thing.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: jeraldskie11 on September 13, 2023, 11:19:19 PM
No matter what type of traders it is, when you only use AI for trading you still cannot guarantee your profit in the long run. It might work for a couple of trades but in the end of the day, you will gradually losing. So we don't let AI to trade on it's own, we have to monitor our trades to avoid unnecessary liquidation of funds.

In my opinion, if you use an AI you have to know how to analyze the market. It's because you understand the flow of your trades using AI if it's good to continue or not. It's really different if you don't have knowledge and experience in trading.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: AmoreJaz on September 13, 2023, 11:25:21 PM
How would one do so efficiently? I am very interested.
If you are beginner you want to make all the efforts to stay from anything that is AI assisted. It will benefit you in the long run. The use of artificial intelligence in trading will make the trader less confident and you don't want to deal with a trader.

Even if you have to use AI let it be as a collaborator in your analysis and not as a substitute for the real thing.

much better if you have a solid grasp in trading before employing AI in your trades  this will give you better understanding on how certain market movements happen.
AI may help you but without prior knowledge of trading won't give you skills to manage your AI. you still do need to set-up your AI to do the trading. so how can you set-up your AI if you don't know anything about trading?


Title: Re: If you had AI day trade bitcoin to make profits
Post by: harizen on September 13, 2023, 11:30:31 PM
How would one do so efficiently? I am very interested.

A trading AI, if there is one, is supposed to be fully designed to somehow deal with different market trends and behavior.

Technically, there are lots of "what if" sequences in its program where it has a designated strategy at each. The question is, with how volatile crypto is, can it really cover all those trends and make up a strategy for each? It's still good for me to use instead a trading bot and create an algorithm on our own.

I know others will say that AI technology is really evolving and it can almost do what people can't do.

Maybe it's best to try out that program for real, if possible, and do the conclusion based on its performance.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: tread93 on September 14, 2023, 01:59:42 AM
How would one do so efficiently? I am very interested.
Learn how to trade mate. Stop looking for easy ways out because you won't get any

I don't know what the fuss about AI is because there's nothing special. I have seen lots of trading tools created lately with an assurance of using AI to predict trades but they still record losses.

Yeah good point, there is no easy way. You're better off spending a good chunk of time just studying the markets and making some educated highly strategic moves, but even then there is still high risk. There is also still risk with AI


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Learn Bitcoin on September 14, 2023, 02:07:04 AM
Have you heard of the recent scam of MTFE, which was a trading platform? Unfortunately, that was an MLM/Ponzi scheme with AI trading features. Their CEOs claim that AI trades for you and AI generates profit for you. It's not guaranteed that AI will make money every day. It can lose as well. Everyone was investing in it because some were getting profit four days a week and one day lost in a week.

Recently, all the users saw their negative balance, and MTFE says AI traded for them and lost money in the trading market. They scammed $1 Billion dollars. I have created a scam accusation which you can find here https://bitcointalk.org/index.php?topic=5463811.0

Make sure you are using real AI and not fake ones like MTFE. However, I encourage you not to use AI for trading related to finance.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: GreatArkansas on September 14, 2023, 04:01:10 AM
I really don't understand how you can use AI to trade Bitcoin.
Maybe AI will just help you to create your own bot that automates trading, like creating some pine script which is the programming language of Tradingview and from there you can add some way to automate it from exchange to make some trades.
And maybe AI will just help you to improve your decision making to make trades.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Dzwaafu11 on September 14, 2023, 06:36:25 AM
How would one do so efficiently? I am very interested.

It is not advisable for a beginner to start their trading journey with AI. This will make them lazy and lack the knowledge of trading in general because using AI to trade cannot allow someone to learn the knowledge that is required in trading, and AI doesn’t guarantee you profit, so I don’t think you should have an interest in that. I think you should focus and learn your trading skills and the technical analysis that is required. After you gain the knowledge and experience, you may be interested in using AI as an assistant because if you use it now that you are supposed to learn, it will make you lazy, and in the long run, bot may not work for you.

If you are beginner you want to make all the efforts to stay from anything that is AI assisted. It will benefit you in the long run. The use of artificial intelligence in trading will make the trader less confident and you don't want to deal with a trader.

Even if you have to use AI let it be as a collaborator in your analysis and not as a substitute for the real thing.

You are right, mate. even the professionals lose in trading, so you can see that it is not advisable for a beginner to even think about using AI to trade; they should learn about it and trade on their own instead of looking for easy ways to trade, which will not help them but make them lose their money anytime.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: cryptoaddictchie on September 14, 2023, 06:59:51 AM
How would one do so efficiently? I am very interested.
Wow maybe its my question too. If AI can be used effectively on trading then I definitely will utilize the use of it. Probably some developers are already on it getting some testing or trial to incorporate on trading cause once this become sucessful surely it can be sell with a huge market demand due to potential it could do for any traders. Will check too if theres some progress for the response here.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: yudi09 on September 14, 2023, 09:45:49 AM
How would one do so efficiently? I am very interested.

IMO, day trading without using AI is more to my liking looking at some coins that have potential to improve.
Daily trading on bitcoin is not my choice because bitcoin is not for daily trading where there is no guarantee of profit. Bitcoin is an investment asset and that has not changed to this day.

Using the help of bots in trading will not provide satisfactory results in terms of the desired profit targets because crypto prices are very volatile and it is difficult to predict the daily closing price.
I can't say for sure that the bot can provide profits to traders who use its help for that reason.
Hopefully I'm not wrong.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: leonair on September 14, 2023, 09:58:25 AM
I do not support it and it is not wise to trade Bitcoin using any bot. Because the bot never guarantees profit, you should learn about trading yourself and then do day trading in Bitcoin after doing a good research. But I also think that choosing Bitcoin for Day Trading is not the right decision.  If you want to invest in Bitcoin, you have to hold long-term, then profit is guaranteed from here. Although I do not give financial advice to anyone, since the creation of Bitcoin, there is no history of long-term losses from holding it. So you should choose Altcoins for day trading and decide to hold Bitcoin long term


Title: Re: If you had AI day trade bitcoin to make profits
Post by: passwordnow on September 14, 2023, 10:16:22 AM
If this is going to generate money easily, I'll find it very sketchy. Despite having the support of an AI, it's still a must to be knowledgeable about how to do it manually. But if someone proves that he's doing it, maybe there's a catch as that person should keep himself quiet and just enjoy what he's having. Anyway, are there really traders that are making their trades profitable with the use of AI? I don't quite understand how to do that since there are the features already from exchanges that allows you to trade with bots.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Natalim on September 14, 2023, 11:09:36 AM
Many questions arise if AI is working efficiently in trading but no one will be able to answer them straight and say YES because, in the first place, it was not the AI itself but the program inside. AI already existed for quite a long already but it was created not for trading, therefore, is not really suitable use for trading. 
However, I was waiting for someone who would show us some proof but for now, AI in trading is uncertain. I'd rather do it and use my personal knowledge than use this technology for a test.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: TheSpiral on September 14, 2023, 11:26:35 AM
AI trading bot will cause your trading more risky because trading requires your knowledge which AI trading bot never possess and if they are operating your trade. One benefit of AI trading is that they don't possess any emotions which is a big enemy of humans which cause a failure.

In day trading AI bot cannot make quick decisions which is a necessary part of Day trading. In AI trading bot you have to make some management but as you are familiar that crypto industry cannot be believed easily that is why without knowledge and experience one cannot get benefit even by using AI bot.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Maslate on September 14, 2023, 11:31:56 AM
Nothing is easy in trading. If you come across an advertisement claiming AI trading brings consistent profits, you should be skeptical because if it were that successful, it would already be very popular, and many people would be using it. However, I haven't seen many success stories from people using AI trading. If there are some, they might be affiliated with the companies selling these systems or trying to promote their subscriptions.

It's wise to learn how to trade yourself and to keep learning until you become consistent. That way, you are being realistic and not relying on others to achieve your success.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Fivestar4everMVP on September 14, 2023, 12:33:23 PM
How would one do so efficiently? I am very interested.
I don't know if you actually mean Ai or trading bots, I personally have never used Ai to trade before, and neither do I even know how to use it yet.
But I sure have used trading bots to trade on several occasions, but unfortunately, my experience with using the trading bot is not good, every trade I did with the bot always ended up in a loss, and I always made use of the recommended set up, yet, I still loss .

So I don't know if it's trading bot you mean or Ai, but what I can say is that, machines can never be as smart as the human brain, if you take the time and train yourself to become a very good trader, you will achieve it and trade more effectively and efficiently than any Ai or bot that currently exists or will ever exist .


Title: Re: If you had AI day trade bitcoin to make profits
Post by: rojan on September 14, 2023, 01:21:06 PM
I do not support it and it is not wise to trade Bitcoin using any bot. Because the bot never guarantees profit, you should learn about trading yourself and then do day trading in Bitcoin after doing a good research. But I also think that choosing Bitcoin for Day Trading is not the right decision.  If you want to invest in Bitcoin, you have to hold long-term, then profit is guaranteed from here. Although I do not give financial advice to anyone, since the creation of Bitcoin, there is no history of long-term losses from holding it. So you should choose Altcoins for day trading and decide to hold Bitcoin long term
It is not possible to make that much money by day trading from Bitcoin so we have to hold Bitcoin for long term. If I invest in Bitcoin now and wait for few months then we can make good amount of money. But on the other hand day trading from Altcoins every day  We can earn some good money. But trading Altcoins day trading cannot be done thinking that we can make profit every day. While trading there can be both profit and loss so if we can accept profit loss and trade it will be very easy for us.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Frankolala on September 14, 2023, 03:50:36 PM
 If it was possible, many traders would not be looking for trading signals and those group that are giving trading signals out would have made billions of dollars secretly. AI is been programmed based on past event and don't also forget that trading needs skill, strategy and risk management. In trading if your trading strategy is not working,you are to try a new strategy, how will AI do that.

Bitcoin price cannot be predicted by humans that created the AI, so how will it be possible for AI to predict the market. In trading there nothing like making only profit, you will make profit and also run at loss, but you are the one that will do the risk management, to make sure that you make more profit than loss due to the volatile nature of bitcoin.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: tjtonmoy on September 14, 2023, 04:31:22 PM
I don't know about AI trading but what I do know is trading bots. But in order to use it, you'll have to learn the trading process yourself and know how to code. Because you can not just go out there and use someone else's bot. That's way too risky for anyone. So the process will go something like this. You will have to learn how to code and create a program. Let's just say you know how to do it and now you have created a bot. Then you will also need to learn about trading. Then feed that data to the bot in order to create a program that will do the trading automatically for you.

Now let's say you have achieved both. Here comes the tricky part. The bot won't run as smoothly as you thought. It will run for 24/7 365 days if you program it to do so. But the market does not move in the same pattern always. It changes from time to time. So if you run the bot infinitely with the same strategy, it will eventually make losses instead of profits. Also, bots and AI both run without human emotion. And most of the time the market makes its move based on sentiments. In that case, the bot or AI won't work. And trying to implement such a thing to do day trading is way too risky IMO. Just do it on your own mate. You will learn something that will stay with you till the end. And this is thinking about the future.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: justdimin on September 15, 2023, 02:10:41 PM
How would one do so efficiently? I am very interested.
I don't know if you actually mean Ai or trading bots, I personally have never used Ai to trade before, and neither do I even know how to use it yet.
But I sure have used trading bots to trade on several occasions, but unfortunately, my experience with using the trading bot is not good, every trade I did with the bot always ended up in a loss, and I always made use of the recommended set up, yet, I still loss .

So I don't know if it's trading bot you mean or Ai, but what I can say is that, machines can never be as smart as the human brain, if you take the time and train yourself to become a very good trader, you will achieve it and trade more effectively and efficiently than any Ai or bot that currently exists or will ever exist .
There is no AI that you can use to trade, there are bots that people label as AI but it's not AI that they sell, it's just a branding thing. You can go search any AI trading bot out there today, and you will realize that it's just basically a software that uses certain things that the creator showed the bot how to do, and then the bot does it for you.

It's basically a robotic worker, that's it. You tell it what to do and it does what you tell it to do is not AI, you teach it something and then it checks out how it can be done and finds ways to optimize it etc, even decline to do it if it looks dangerous, that's AI, even machine learning would be better, the more it trades the more it learns, checks all the data, makes a trade, if it's profiting then it knows how to.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Nrcewker on September 15, 2023, 05:51:24 PM
How would one do so efficiently? I am very interested.

I must say we aren’t ready for a stage where we can completely rely on AIs. AIs can be used to gather information, but completely using as auto pilot is very risky. AI provides information by browsing the web, so the information is sometimes not accurate. So how you can completely trust on something like this with your hard earned money? Yes integrate AI in the trading process but don’t leave everything completely on the AI to do. AI can’t never replace human’s brain and skills.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: teosanru on September 15, 2023, 05:57:04 PM
How would one do so efficiently? I am very interested.
I didn't get your question but yes if AI comes to this arena as well then the competition of markets will eventually come to the best tech Instead of having the best trading skills or economic skills, which is really sad. Just like F1 most of the companies will race upto getting the best hardware and software in order to make the AI as intelligent as possible and mint as much money as possible.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Twentyonepaylots on September 15, 2023, 06:19:04 PM
If this is going to generate money easily, I'll find it very sketchy. Despite having the support of an AI, it's still a must to be knowledgeable about how to do it manually.
If if you know how it works it will not be very sketchy at all. AI is proven to be helpful, technically in everything, from finance to healthcare to transportation, etc. there is so much potential in AI but the potential threats also persists. AI could be one powerful tool in trading, I don't use it but if I were to develop one AI use-case then it's definitely worth building around crypto especially in trading where I can make money in a daily basis, I mean thousands of $ everyday.

But if someone proves that he's doing it, maybe there's a catch as that person should keep himself quiet and just enjoy what he's having. Anyway, are there really traders that are making their trades profitable with the use of AI? I don't quite understand how to do that since there are the features already from exchanges that allows you to trade with bots.
This is a topic for a long discussion, just like everything else that gives you a step forward, if I'm benefiting from AI in trading then I won't tell to it anybody as it would only lessen my advantage with the market. Bots and AI must have in one category but I do believe there is a big difference between these 2, and I think is more comprehensive than just bots where you can just configure settings, unlike AI that it has its own reasoning and decision-making efforts.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Hamza2424 on September 15, 2023, 07:05:53 PM
Hmm, interestingly, I haven't posted anything on this redundant topic yet; in fact, I think I may have overlooked it. Aside from that, OP, I think you should make a little more of an effort to start a new topic for the rest; in my opinion, AI is not yet able to handle trades of any time, but shortly, based on AI and our historical data, we will be able to trade with the AI on any timeframe, and even more efficiently.

But there are some issues with AI trading, and since the topic is redundant, the concerns tend to come up again and again, It can lead the market to lose the significant volatility factor, as the trading market is completely based on emotions and we can not bring the emotions in the AI, so far for the regular trading the AI can help in efficient trading. Let's wait for the AI to come up with the proper integration with the crypto trading market then we can discuss this topic in a more descriptive nature on experience for now I would like to advise my cello to focus on learning polishing if the trading skills rather than waiting for the shortcuts.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Dr.Bitcoin_Strange on September 15, 2023, 08:54:52 PM
Normally, trading has never been so profitable for all traders, and there's no way you can just start using AI to make money from trading without having proper knowledge about trading Bitcoin. If traders were very profitable trading with AI, it definitely would not delay up to two months before it will dominate globally about the  AI that has been able to make more successful trades than a real trader. I would say you should keep learning and improving your trading skills rather than relying on AI traders. But there's also this trading bot that allows you to set the buy or sell price of the asset you are trading, and it can just be automated to execute the trade for you, but that doesn't mean you will be making profit all day.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: TimeTeller on September 15, 2023, 08:58:10 PM
Normally, trading has never been so profitable for all traders, and there's no way you can just start using AI to make money from trading without having proper knowledge about trading Bitcoin. If traders were very profitable trading with AI, it definitely would not delay up to two months before it will dominate globally about the  AI that has been able to make more successful trades than a real trader. I would say you should keep learning and improving your trading skills rather than relying on AI traders. But there's also this trading bot that allows you to set the buy or sell price of the asset you are trading, and it can just be automated to execute the trade for you, but that doesn't mean you will be making profit all day.

This is why a lot of newcomers are getting this wrong. They thought they don't need to do anything and just deploy the AI.
What they don't know is they still need to program or set-up. They need to create, test and run those AI bots.
And if you have no idea about basic trading, how can you program your AI? You are just heading to bankruptcy.
So better equip yourself with actual trading skills and once you have sufficient skills, maybe you can create your AI trading bot to simplify your trading activities.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: freedomgo on September 15, 2023, 09:17:22 PM
If I actually found a way to use AI to trade bitcoin or whatever cryptocurrency or asset in general effectively, simple — why the heck would I tell anyone? I'd just use whatever method that is and use it heavily until it doesn't work anymore. There's no way that strategy would come out of my mouth.
That's how a typical trader should be. If you are making a lot of opportunities from AI and is giving you exceptional profits, then you will never care to share it to others unless if you are not making a positive outcome from using it. AI will never be reliable and will never give you sufficient profits just like you think. Instead, it will only put your trades at high risk since you are dealing with a very volatile market in the first place.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: lalabotax on September 15, 2023, 09:18:55 PM
How would one do so efficiently? I am very interested.
It cannot be denied that AI trading bots can help us in carrying out day trades, increasing or getting profits. Moreover, this is a really paid AI bot which is already credible, it's not just the free ones that we use. Basically, once again, trading bots are a tool in trading, so we shouldn't use them as our only business in trading. In this case, we still need adequate knowledge and continue to update it when trading, so that we can truly optimize the function of the AI bot.

Without adequate knowledge, the bot's performance or settings or management will not be effective and optimal, in fact will end in vain. So, don't ever think about AI, we don't need to do anything. We will still need ourselves to understand crypto, trading, the AI bot itself, and also various things related to crypto space. Apart from that, even though we use AI trading bots, we also have to be able to manage our own finances well, as well as the risks that we might still face in the future. The point is, don't be lazy because there are AI bots and leave everything to the AI trading bot. This would be unwise and not that optimal.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: kingvirtus09 on September 16, 2023, 02:22:55 PM
How would one do so efficiently? I am very interested.

I don't think the AI trade method is profitable for earning bitcoin. Because the trading bot and AI are almost the same, the only reason there was AI trading is because AI became trending, so it seems that the trading bot just had an opportunity to get profit again through it.

Then those who say that it is effective are obviously just hyped by the majority who say that it is good to use AI trading. No one can even say that it is a guarantee to get Bitcoin earnings using AI.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: aylabadia05 on September 16, 2023, 02:53:41 PM
How would one do so efficiently? I am very interested.
No. Daily trading using AI is not good in my opinion, especially daily trading for Bitcoin.
So far, there has been no intention to try using it on any coins in daily trading. Apart from trusting my own analysis more in looking at price indicators, daily trading is not an interesting activity for me to do.
The risks of day trading are the main reason I don't want to do it considering the market is very volatile at all times.

My answer is, it's not efficient. Bitcoin is for the long term not for day trading. If you are interested, hopefully you can find your profit target.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: AnonBitCoiner on September 16, 2023, 03:03:37 PM
How would one do so efficiently? I am very interested.

I don't think the AI trade method is profitable for earning bitcoin. Because the trading bot and AI are almost the same, the only reason there was AI trading is because AI became trending, so it seems that the trading bot just had an opportunity to get profit again through it.

Then those who say that it is effective are obviously just hyped by the majority who say that it is good to use AI trading. No one can even say that it is a guarantee to get Bitcoin earnings using AI.
If AI trading bot is designed with modern features and real time accurate data then I think we could expect good profit from AI trading bot. It is not right to say that AI botsbare not profitable. Some paids AI bot are so much useful and if we have some kind of knowledge to use it then it is more beneficial than trading bot. as a trader we should first research well and use AI bot different times in different condition and then choose best one for trading. some AI bot are worst than trading bot so proper research is needed.

I haven't used any AI or trading bot yet and like to trade manually. Have anyone used AI bot (paid or unpaid) worth to use it for day trading?


Title: Re: If you had AI day trade bitcoin to make profits
Post by: |MINER| on September 16, 2023, 04:29:55 PM
AI day trading is very risky. Without adequate knowledge about this it will be very dangerous but now a lot of companies are running their company through bot creation and getting profit. But I would say before doing AI trading train this model according to previous history and rules.  Otherwise you will face many problems because Bitcoin is very volatile. So trading is high risky investment so before any kind of investment whatever you use as here you telling about AI Iwill never prefer Ai trading in the beginning level.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: jostorres on September 16, 2023, 06:59:53 PM
How would one do so efficiently? I am very interested.
I've never tried it, never wanted to. I always believe that why should I make someone or something else do a work that I can do myself and can do it more efficiently and perfectly than them? I'm pretty sure that if I learn the necessary skills and techniques, I can do the trading more efficiently than a bot and I will also be more confident and free of worries since I'll be the one managing my money and not some computer-programmed robot which doesn't understand risk or anything and will only act based on a certain criteria.

I would never feel good if I left my money in the hands of a bot even if it's powered by Artificial Intelligence because I know I can manage it much better than it. So, people who are interested in trading should take some time, learn the skills, and do it manually instead of paying for a bot and letting it do everything.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: taufik123 on September 16, 2023, 10:40:17 PM
If this is going to generate money easily, I'll find it very sketchy. Despite having the support of an AI, it's still a must to be knowledgeable about how to do it manually. But if someone proves that he's doing it, maybe there's a catch as that person should keep himself quiet and just enjoy what he's having. Anyway, are there really traders that are making their trades profitable with the use of AI? I don't quite understand how to do that since there are the features already from exchanges that allows you to trade with bots.
If you're asking if there's anyone who's profiting from trading using AI, of course, there is and there will be.
We all know AI is all the rage right now and it's about to get smarter than humans.
Using AI in trading as a trading assistant seems like a good idea, but we as the main traders still have full control.

What I know right now is that there is a new bot that is quite popular that provides information on what coins will be pumping high.
It's a kind of bot that gives a call for users to get in early and buy it because it has the potential to pump.



Title: Re: If you had AI day trade bitcoin to make profits
Post by: Dr.Bitcoin_Strange on September 16, 2023, 11:06:52 PM
This is why a lot of newcomers are getting this wrong. They thought they don't need to do anything and just deploy the AI.
What they don't know is they still need to program or set-up. They need to create, test and run those AI bots.
And if you have no idea about basic trading, how can you program your AI? You are just heading to bankruptcy.
So better equip yourself with actual trading skills and once you have sufficient skills, maybe you can create your AI trading bot to simplify your trading activities.

People that are likely to land in the hot seat of losses in trading using those AI bots are mostly crypto newbies or new traders who are just looking for a possible and quick way of making profit. "They want to use an easy AI, make the profit, and get out." Lol, but it's not just easy. There's a saying that "in order to reap, you must sow." So, before anyone can trade perfectly with bots, you still need to get educated about trading because even those AIs make mistakes, and if you are not experienced in trading, how can you even be able to figure out when the bot is making a mistake? All I know, which is what I have said before and am still saying now, is that making a profit from trading is not as easy as watering a flower, so anyone who thinks they can make a quick profit from trading while using the AI bot should think again. There's no AI trader that has really been more efficient in trading than old and professional traders; if there is any bot like that, of course every trader around the world will want to use it. No one will reject what will help him or her earn more.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Smartvirus on September 16, 2023, 11:14:21 PM
How would one do so efficiently? I am very interested.
Such a stylish way to create a thread with no content at all and have forum users keep it busy for you. Great are your ideas friend. I would have liked a little more direction other than a thread subject and just a line on interest and efficiency!

Still, AI trading is something I’m not very much interested in. I mean, having something without some real emotions or works outside a program to control how my money works without me watching the charts isn’t something am cool with.

It gives me the chills of copy trading which I’ve never been a fan off. I get it I would be doing my analysis on this one and set my orders, TP and SL but, I’m more comfortable handling my trades when I choose to. If I don’t have that time to stay in the market or observe my trade at a distance, I stay off the market.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: goinmerry on September 16, 2023, 11:19:40 PM
How would one do so efficiently? I am very interested.

We can only know how efficient it is once we make an actual test. Familiar with such programs having an integration of AI specifically on day trading? It might be a risk though as day trading market behavior is unpredictable and even for a few seconds, expect a big chance in the trend.

Anyways, what's your reason behind the interest in using it? Want a passive income while just sitting and relaxing on your desk?

Trading should be handled and managed hands-on. If you will just depend on AI, I think that's more risky.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: poodle63 on September 17, 2023, 12:14:36 AM
then these AI need really good data to pull specialized for AI.
I don't think general purpose AI like openAI's GPT would suffice in this matter, since the market movement is complex it needs to be standalone AI with data aligned for such purposes.
I think there has been many AI deployed just for that and many are still in development, make me curious how efficient they are after all such thing could be determined based on the profits it generate.
considering the fact that market always stray from general textbook guides i think the profit resulted more or less will be the same as those veteran traders, but its just hypothesis.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Crypto Library on September 17, 2023, 05:59:18 AM
How would one do so efficiently? I am very interested.
I would say if you have some knowledge about trading then it is better to use these.
Let's give another good example. Let's assume this AI is an expensive Mercedes car. You got it for free or what ever any person gifted you from somewhere. Now if you go to drive that car without knowing how to drive, I am sure your experience will not be good. Then the experience will be that both you and your car will be damaged.
Moreover, I give you another good idea, you go to AI chatgpt and ask him to answer your questions.
I asked see what the answer gave-
Quote from: ChatGPT-3.5
Remember, successful trading with AI requires a thorough understanding of both the technical and financial aspects, continuous learning, and a disciplined approach to risk management.
Additionally, be prepared for the possibility of losses and start with a cautious and well-planned investment strategy.
So the answer is here from AI.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: michellee on September 17, 2023, 06:09:15 AM
If you can understand how AI works for trading, you may still have a chance to make a profit. But if not, you will not make a profit and might even make a loss.

The use of AI will also depend on market movements and I don't think AI can always replace the orders you set to follow market conditions. So you have to frequently check market conditions and change the settings in the AI to be able to make a profit.

But you should learn manual analysis and trading to have more opportunities to make a profit. Moreover, with market conditions always changing, we must continue learning to understand the steps we need to take based on market conditions. So whether you use AI or not depends on you.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: xSkylarx on September 17, 2023, 06:28:04 AM
If I actually found a way to use AI to trade bitcoin or whatever cryptocurrency or asset in general effectively, simple — why the heck would I tell anyone? I'd just use whatever method that is and use it heavily until it doesn't work anymore. There's no way that strategy would come out of my mouth.

Even myself I won't be telling anyone because that is one of the reasons that it will be used by everybody meaning someone will prevent it and also we are now earning profit passively and living life to the fullest but we should go back to reality it is already possible but it ain't 100% winning because it is only based on historical data and it learns over time so for sure in the future it will already be foolproof and close to perfection.

AI is still in the development stage right now and I don't see anyone using it in trading others are just using bots that were just programmed to automate your trading which will soon be developed into AI.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Silberman on September 17, 2023, 07:15:45 AM
If I actually found a way to use AI to trade bitcoin or whatever cryptocurrency or asset in general effectively, simple — why the heck would I tell anyone? I'd just use whatever method that is and use it heavily until it doesn't work anymore. There's no way that strategy would come out of my mouth.

Even myself I won't be telling anyone because that is one of the reasons that it will be used by everybody meaning someone will prevent it and also we are now earning profit passively and living life to the fullest but we should go back to reality it is already possible but it ain't 100% winning because it is only based on historical data and it learns over time so for sure in the future it will already be foolproof and close to perfection.

AI is still in the development stage right now and I don't see anyone using it in trading others are just using bots that were just programmed to automate your trading which will soon be developed into AI.
Trading and investment firms have been hiring the best mathematicians and programmers they can afford for decades already, while it may not be possible for us to create an AI that trades the markets successfully and makes us money, it should be entirely possible for them to do it, after all even if the project cost them a hundred million dollars the potential profits they could get will be worth it, with this in mind I have no doubts that several AIs have been trading the markets for a long time.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: cute nmp on September 17, 2023, 07:43:28 AM
I'm not into trading with bots, Afraid most of them can result in lots of losses. I prefer to trade on my own cause I will be able to control my risks and losses more than the Al. Recently watched a news where a trading firm lost up to 30 million dollars tradings with bots, Dont think anyone would like to put his money at risk that much.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Mauser on September 17, 2023, 08:07:33 AM
How would one do so efficiently? I am very interested.

 I don't think this is going to work. Most of the AIs are all publicly accessible and if they really had an advantage over the human day trader, then all investors would be using them. There might be a difference between private AIs that have access to a lot of private information from brokers and exchanges directly, but I don't believe the general open AIs are going to revolutionize trading for the average investors. One question would be how the AI should learn to trade. In case he only works with past trading data and tries to find the optimal trading strategy, then this is nothing new. For 30 years already there has been algorithms that use technical analysis to find trend and trade on them. The other option would be for the AI to rely on current and forward-looking data, not using past trade prices. Here would be the question how reliable this is going to be. There is a lot of risk in using AI for our trading strategies, because we might not fully understand what the strategy is. Even if the AI does well at first, there is no guarantee that it will outperform the market consistently. I would be very careful to trust large sums of money to AI trading programs.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Huppercase on September 17, 2023, 11:34:50 AM
How would one do so efficiently? I am very interested.

Would AI actually work perfectly like that in trading? I doubt about the performance and the accuracy of tbe results consistency. There is something I need to get straight, is AI not the same thing as BOT actions and we have trading bots supported by some exchange like Kucoin and others but I'm nit sure about the efficiency of tbe result because I have not give it a try before to know if they are worth it or not but personally, they can only be profitable during bull run, I don't think if they are going to do much in this bear market, you will likely get nothing or more loss from your deposited capital.

To be honest, if AI intelligent that write are actually made to resemble lst event, if such algorithm is created in trading, hands will burn because history in crypto is always different, bull run of 2018 was different from that of 2020 and surely, 2024 is going to be different from the rest as well. Now I wonder if AI is going to work perfectly like this with post occurrence.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Peanutswar on September 17, 2023, 11:42:59 AM
If you become dependent on the AI online, I will not deal with it, unless I'm the programmer who makes the AI to make my own trading so I can sure that all of the risk is in my ways, but I prefer using my strategy which is I'm the one who makes a trade base on my experience and knowledge we know we must take care with the emotions when we trade but sometimes its quite effective to risk. Also exchange or trading platform right now are offering with the specific position with the TP/SL so you can leave those trades open without hassle id rather prefer this and safe.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Japinat on September 17, 2023, 04:26:32 PM
If this is going to generate money easily, I'll find it very sketchy. Despite having the support of an AI, it's still a must to be knowledgeable about how to do it manually. But if someone proves that he's doing it, maybe there's a catch as that person should keep himself quiet and just enjoy what he's having. Anyway, are there really traders that are making their trades profitable with the use of AI? I don't quite understand how to do that since there are the features already from exchanges that allows you to trade with bots.
Most likely, trading with AI will only be profitable if the trader itself has high experience in trading, hence having high knowledge and potential skills when trading are also a must. Otherwise, if you are still a beginner trader and take risk trading with AI, it wont create guarantees that you’ll definitely be profitable in the end. And if ever AI trading bots are useful for them, I guess they will not care to share it with other traders but will chose to keep it on their own and make consistent profits.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Pandu Geddon on September 17, 2023, 06:30:32 PM
How would one do so efficiently? I am very interested.

Day trading with AI will not really be profitable for you. no one will be held responsible except you yourself.
You may be interested in these technological developments, but training AI in the highly volatile crypto market will not be easy. I guess the results will still be random. this would be speculation. just like a novice trader without skills and knowledge.
never trade with such things, use your own resources to upgrade your skills in trading. This may not be instant, but if you do it consistently I'm sure you will realize the benefits in the future.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Fuso.hp on September 17, 2023, 06:48:50 PM
AI technology has made our work much easier, through AI technology we are able to do many difficult tasks easily. But even if AI technology is used in all tasks, I don't think it is a good decision to use AI technology in daily trading. A person who is very experienced and skilled about trading may be able to profit by trading using AI technology but ordinary traders or beginners will never be able to profit by using AI bot trading. We have to learn how to manage AI technology properly, if we do not have any idea or knowledge in managing AI technology then this technology can be dangerous for us. I always prefer to trade manually instead of using any kind of bot for trading.  When a person trades manually he can understand the market and take any decision at that time which is not possible with AI technology.  So we have to rely on ourselves as much as possible and learn to trade manually rather than using automated technology, but the risk of our money will be greatly reduced.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Cling18 on September 17, 2023, 07:18:26 PM
How would one do so efficiently? I am very interested.

Day trading with AI will not really be profitable for you. no one will be held responsible except you yourself.
You may be interested in these technological developments, but training AI in the highly volatile crypto market will not be easy. I guess the results will still be random. this would be speculation. just like a novice trader without skills and knowledge.
never trade with such things, use your own resources to upgrade your skills in trading. This may not be instant, but if you do it consistently I'm sure you will realize the benefits in the future.

It might cause convenience but it will not guarantee consistent result. It will be random mostly unreliable if that's what we expect. There will still be good sides and bad sides for sure which we should ready about. As for me, it will be better to have enough knowledge and skills about trading so you can do it without relying too much on AIs. It will be better if you will take responsible for your actions and decisions because we can't deny the fact that AI intelligence still can't beat us especially when it comes to decision making. Learn and try to apply effective strategies so you could make good profit.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: kentrolla on September 17, 2023, 07:22:40 PM
This whole AI bot trading is not going to work when it comes to crypto trading due to volatile market as bot has to be trained and crypto doesn't follow any particular market pattern and that's why most of the prediction goes wrong so it's not feasible to train the bot. I have seen more losers than winners in terms of AI based trading. Don't fall for their marketing strategy.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: South Park on September 20, 2023, 08:31:02 PM
This whole AI bot trading is not going to work when it comes to crypto trading due to volatile market as bot has to be trained and crypto doesn't follow any particular market pattern and that's why most of the prediction goes wrong so it's not feasible to train the bot. I have seen more losers than winners in terms of AI based trading. Don't fall for their marketing strategy.
It is true the market is volatile and unpredictable, however there are human traders already making money in the markets, meaning that trading is a skill which can be taught and learned, and as such an AI could be as good as a human or even better, it is just that those that have trained an AI to be that good have no reason at all to share it with anyone, so the AIs you see out there being sold or sending signals are in fact the ones that do not work.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Vaculin on September 20, 2023, 08:57:49 PM
If I had AI that will make day trading highly profitable at a consistent basis, then I will never do manual trading anymore and stick to AI no matter what. However, that will only remain as a dream as no AI that can be highly reliable when it comes to trading. AI is computer generated so it won’t be able to succeed on such a highly volatile market. At the end of the day, only self trading would still come out as the best option to avoid consistent losses.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Russlenat on September 20, 2023, 09:52:39 PM
Simply, I will always keep them and never share them to others. But we all know that AI trading is not giving us guarantees to make us consistent profits. Even our own trading skills cannot guarantee as well, but as long as you trade from your learned experiences in trading and apply them to improve your trades, then there will be at least guarantees to control your losses and increase your profits.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Woodie on September 20, 2023, 10:39:33 PM
The thing about AI is that it uses information that is in the public domain, and if this trading strategy can be found easily on the internet means it doesn't work and am pretty sure most people are looking for such a holy grail of trading  ::) & why would someone put a working strategy out in the open when they can use this secret strategy to download money in silence ??

The fact that there is money on the line, I wouldn't trust a bot to do the trading on my behalf,  I would feel safer if I was at the wheel!!


Title: Re: If you had AI day trade bitcoin to make profits
Post by: South Park on September 28, 2023, 08:20:22 PM
If I had AI that will make day trading highly profitable at a consistent basis, then I will never do manual trading anymore and stick to AI no matter what. However, that will only remain as a dream as no AI that can be highly reliable when it comes to trading. AI is computer generated so it won’t be able to succeed on such a highly volatile market. At the end of the day, only self trading would still come out as the best option to avoid consistent losses.
Even if a trader has such an AI which could trade on their place they will still need to do a lot of work, like keeping track of the performance of the AI and see if it is as good as you think it is, evaluate if the AI has not made a major mistake and if it did then you need to find out why that is the case, keep improving the AI so it gives you better results and more, so anyone that thinks they are going to stop working just because they created a trading AI is mistaken, and if anything it could be more work than just trading on your own.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: gunhell16 on September 29, 2023, 09:57:20 AM
If I had AI that will make day trading highly profitable at a consistent basis, then I will never do manual trading anymore and stick to AI no matter what. However, that will only remain as a dream as no AI that can be highly reliable when it comes to trading. AI is computer generated so it won’t be able to succeed on such a highly volatile market. At the end of the day, only self trading would still come out as the best option to avoid consistent losses.

I agree here with what you mentioned, dude. The only thing I don't really understand is how they get profit from AI trading. even though they have no procedure to show that they actually made money from AI trading, nor can they even show how they set up a trading view using AI trading to connect it to the actual trading exchange platform to say that they really made money while they were here.

Except that they say the site platform, but there is no demonstration or tutorial on how to do it to achieve what they say is really profitable. The ones who say that come out are really just promoting or just hyping other communities here in the crypto space.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Kelvinid on September 29, 2023, 11:36:30 AM
The thing about AI is that it uses information that is in the public domain, and if this trading strategy can be found easily on the internet means it doesn't work and am pretty sure most people are looking for such a holy grail of trading  ::) & why would someone put a working strategy out in the open when they can use this secret strategy to download money in silence ??

The fact that there is money on the line, I wouldn't trust a bot to do the trading on my behalf,  I would feel safer if I was at the wheel!!
That is also what I thought. Why we should trust these bots knowing that they are also reliant on us? In fact, if we really have to analyze it carefully, if these bots work efficiently, thousands or millions of people will use them and become rich but because they don't work as we expected, many traders prefer to do it alone rather than using them.

Anyways, we are the ones who make decisions, and are also willing to accept whatever the results are - whether we lose or make a profit.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: CODE200 on September 30, 2023, 02:36:29 PM
The thing about AI is that it uses information that is in the public domain, and if this trading strategy can be found easily on the internet means it doesn't work and am pretty sure most people are looking for such a holy grail of trading  ::) & why would someone put a working strategy out in the open when they can use this secret strategy to download money in silence ??

The fact that there is money on the line, I wouldn't trust a bot to do the trading on my behalf,  I would feel safer if I was at the wheel!!


Agree on this mate. I wouldn't trust a bot to do the trading as well. Maybe we can utilize it as a support for developing better strategies and doing analysis, but I will not fully rely to it. Remember that there can be still an errors or lapses on AI, so relying on it wouldn't help you that much and it can just possibly put you into harm and risks.
AIs are continuously evolving, which means that they are not yet fully developed. Also, when it comes in making decisions, humans and bots has a huge difference, and informed decisions are necessary for trading and it's not a good idea to have them decide for us.
So, do you want bots to make decision for us? especially if it involves money, I guess not.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Viscore on September 30, 2023, 08:54:03 PM
How would one do so efficiently? I am very interested.
Using AI to day trade does not guarantee success and profits most especially for beginners who jump into day trading without sufficient experience. However, if you are an experienced trader and have gained adequate knowledge and skills as a trader, and you've honed working strategies to rely on, probably using AI will give you easier and bigger profits. But still, this does not apply to all types of traders.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Distinctin on September 30, 2023, 09:58:39 PM
If I actually found a way to use AI to trade bitcoin or whatever cryptocurrency or asset in general effectively, simple — why the heck would I tell anyone? I'd just use whatever method that is and use it heavily until it doesn't work anymore. There's no way that strategy would come out of my mouth.
That's exactly true for most of us. We don't need to advertise using AI if that is really working on our trades, because if we do that, it only sounded that we have intention to scam people and let them believe that it's really working for every trader. The fact that I don't want to be blame later on, that's why I don't see it's necessary to lie that AI can really be safe for our trades.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: panganib999 on September 30, 2023, 10:23:07 PM
It's not as great as they make it out to be. A few months ago news broke out of an AI trading bot getting a loan for a couple hundred million dollars only to end up with a 10 bucks profit.

AI trading bots are pretty much linear, they can only recognize patterns that will yield them profit, regardless of how much that profit would be, and sure some of them you can place a certain limit to reach before the bot calls it quits but for the most part (and I say this cause I've used a couple of them for kicks in the past), you'd be so addled with anxiety you'd be watching over the bot as it does its thing, and by then it would've been as if you did the trading yourself lol. So for the moment you might wanna hold off on the AI trading bot dream until such a time exists where these things are able to effectively trade as we want them to.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: usekevin on September 30, 2023, 10:37:29 PM
AI is not the good one for the day trading,because the AI trade based on your input.If the market undergo the sudden change the AI will trade in the loss.So it also made you get some loss,for the day trading you need to spend the time to analysis on daily basis.The point which suit to inverse is most essential one,because the day trading is purely based on the minor pump in the 24 hours of time.Even in the bear run,in some point the price increases for some point.The day trader will wait for that point to sell their holding in a same day.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: shinratensei_ on October 01, 2023, 12:09:16 AM
AI is not the good one for the day trading,because the AI trade based on your input.If the market undergo the sudden change the AI will trade in the loss.So it also made you get some loss,for the day trading you need to spend the time to analysis on daily basis.The point which suit to inverse is most essential one,because the day trading is purely based on the minor pump in the 24 hours of time.Even in the bear run,in some point the price increases for some point.The day trader will wait for that point to sell their holding in a same day.
i disagree with this one AI is different with conventional trading bots where it will go as your preference and if things goes wrong all goes wrong, AI in itself stand for artificial intelligence meaning its just like human just artifcial therefore it could make its own analysis, so based on the data you give to the AI it will make decision that is very human like therefore if there is ever any AI that was designed for day trading it will be awesome and very helpful.
even if market goes wrong it could make long term decision and not trade in loss therefore nothing gonna go wrong with AI day trading.
meanwhile, with bots, its just matter until the setting is outdated and the bots trades in loss.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: benalexis12 on October 01, 2023, 07:07:00 AM
I have no experience trading with AI, and I have no plans or intentions to use it because I am still more comfortable trading in a natural way because it is different for us to witness and feel things that we do not yet understand in actual trading itself on an exchange.

Then again, I haven't read or seen anything that testifies that there is a lot of community here in the crypto space. AI trading is proven and tested, right?


Title: Re: If you had AI day trade bitcoin to make profits
Post by: South Park on October 05, 2023, 08:33:39 PM
AI is not the good one for the day trading,because the AI trade based on your input.If the market undergo the sudden change the AI will trade in the loss.So it also made you get some loss,for the day trading you need to spend the time to analysis on daily basis.The point which suit to inverse is most essential one,because the day trading is purely based on the minor pump in the 24 hours of time.Even in the bear run,in some point the price increases for some point.The day trader will wait for that point to sell their holding in a same day.
Even the most basic AI will have to be trained to acquire data on its own, as if you have to input the data necessary for the AI to trade then you might as well just trade on your own as you are still watching the markets and doing a lot of work anyway, still taking into account how advanced AI has become in almost all fields it is a mistake to think that somehow trading and investing are beyond its grasp, so it wont be long until AI makes an even greater breakthrough when it comes to predicting the markets, it is just that we are never going to see it published online as anyone that can achieve those results can keep that AI for themselves and make a fortune.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Sanitough on October 05, 2023, 08:48:30 PM
AI trading is not the answer to make you trade successfully and profitably. It will even make your trades at worst especially if you are not aware how to day trade using AI. While it may work for professional gamblers but it’s different when you resort into using AI without having initial experience on it. Instead, focus on trading all by yourself. It’s not wrong to achieve losses because that’s where you get to learned and improve your trades. At the end of the day, you will see growth as a trader because of the personal experiences you have achieved.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Quidat on October 05, 2023, 09:59:27 PM
AI is not the good one for the day trading,because the AI trade based on your input.If the market undergo the sudden change the AI will trade in the loss.So it also made you get some loss,for the day trading you need to spend the time to analysis on daily basis.The point which suit to inverse is most essential one,because the day trading is purely based on the minor pump in the 24 hours of time.Even in the bear run,in some point the price increases for some point.The day trader will wait for that point to sell their holding in a same day.
Even the most basic AI will have to be trained to acquire data on its own, as if you have to input the data necessary for the AI to trade then you might as well just trade on your own as you are still watching the markets and doing a lot of work anyway, still taking into account how advanced AI has become in almost all fields it is a mistake to think that somehow trading and investing are beyond its grasp, so it wont be long until AI makes an even greater breakthrough when it comes to predicting the markets, it is just that we are never going to see it published online as anyone that can achieve those results can keep that AI for themselves and make a fortune.
Market couldnt really be predicted no matter how AI would really be developed or would progress. It would really be still that depending or varying on the info that had been accumulated or been that put up and since we do know that this market could really move into different or tons of of variations then there's no way that it could really be predicted via AI type of trading or something to those applications which would be used on trying out to predict market possible price movement on which i dont really believe about those probabilities but somewhat there are really still that relevant usage
of these things not only just that limited into this field.

AI is not the good one for the day trading,because the AI trade based on your input.If the market undergo the sudden change the AI will trade in the loss.So it also made you get some loss,for the day trading you need to spend the time to analysis on daily basis.The point which suit to inverse is most essential one,because the day trading is purely based on the minor pump in the 24 hours of time.Even in the bear run,in some point the price increases for some point.The day trader will wait for that point to sell their holding in a same day.
i disagree with this one AI is different with conventional trading bots where it will go as your preference and if things goes wrong all goes wrong, AI in itself stand for artificial intelligence meaning its just like human just artifcial therefore it could make its own analysis, so based on the data you give to the AI it will make decision that is very human like therefore if there is ever any AI that was designed for day trading it will be awesome and very helpful.
even if market goes wrong it could make long term decision and not trade in loss therefore nothing gonna go wrong with AI day trading.
meanwhile, with bots, its just matter until the setting is outdated and the bots trades in loss.

People should really know the main differences with bots and with AI which same as you said that they could make out adjustments but AI nowadays didnt really still get able to reach out that
point on able to assess up such condition and make out adjustments basing into that. Nothing beats out human intelligence specially on assessing on various situations and would be making
out those relevant actions which are needed to be done for you to be able to cope up if there would really be some drastic changes.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: bittick on October 05, 2023, 10:49:03 PM
the presence of AI which is significantly smarter than bitcoin would be massive increase in productivity but I think there's no popular AI so far for that.
in the future if there's company that can make such AI im sure they would gain success, the AI will be set up based on our preference then it will get rid of the burden from many traders to do things automatically.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: South Park on October 12, 2023, 08:58:23 PM
Even the most basic AI will have to be trained to acquire data on its own, as if you have to input the data necessary for the AI to trade then you might as well just trade on your own as you are still watching the markets and doing a lot of work anyway, still taking into account how advanced AI has become in almost all fields it is a mistake to think that somehow trading and investing are beyond its grasp, so it wont be long until AI makes an even greater breakthrough when it comes to predicting the markets, it is just that we are never going to see it published online as anyone that can achieve those results can keep that AI for themselves and make a fortune.
Market couldnt really be predicted no matter how AI would really be developed or would progress. It would really be still that depending or varying on the info that had been accumulated or been that put up and since we do know that this market could really move into different or tons of of variations then there's no way that it could really be predicted via AI type of trading or something to those applications which would be used on trying out to predict market possible price movement on which i dont really believe about those probabilities but somewhat there are really still that relevant usage
of these things not only just that limited into this field.
It can, it will, and probably it has already happened, AI is making progress even on fields in which it was thought to be impossible for this to happen, so it stands to reason that if there is a limited number of traders out there which can get fantastic profits, then why an AI cannot do the same? For a long time it was thought that computers will never beat a world champion of chess and yet it happened long time ago, and now they are way better at the game and no world champion has any chance at all of beating them, then I do not see why trading could be any different.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Finestream on October 12, 2023, 09:42:14 PM
AI day trading is very risky. Without adequate knowledge about this it will be very dangerous but now a lot of companies are running their company through bot creation and getting profit. But I would say before doing AI trading train this model according to previous history and rules.  Otherwise you will face many problems because Bitcoin is very volatile. So trading is high risky investment so before any kind of investment whatever you use as here you telling about AI Iwill never prefer Ai trading in the beginning level.
AI trading maybe actually good for your trades if you know how to perform it on your trades. Being knowledgeable is still of high necessity because AI itself can also ruin your trades if you are not inclined to use it. That’s why some traders just prefer not to rely on AI and chose to trade on their own. That way, they can freely predict what would be the outcome of their trades and if it the result is not yet satisfying, then they can exert more effort to improve trading and just continue to develop their working skills and strategies in trading.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: shinratensei_ on October 12, 2023, 11:26:48 PM
AI day trading is very risky. Without adequate knowledge about this it will be very dangerous but now a lot of companies are running their company through bot creation and getting profit. But I would say before doing AI trading train this model according to previous history and rules.  Otherwise you will face many problems because Bitcoin is very volatile. So trading is high risky investment so before any kind of investment whatever you use as here you telling about AI Iwill never prefer Ai trading in the beginning level.
I don't think its that risky honestly, AI is good enough to know how to make technical analysis, feed it with enough information you got same capabilities as human in term of trades.
after all its not just mere bot, its quite different, AI as its name stands, are more advanced and human like intelligence which is artificial in this case could even compete with human if not better.
thats why trading with AI might be effective.
but there's so far no proof yet, we're still waiting until research and implementation of this thing done by big companies then we will see.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: South Park on October 19, 2023, 09:03:37 PM
AI day trading is very risky. Without adequate knowledge about this it will be very dangerous but now a lot of companies are running their company through bot creation and getting profit. But I would say before doing AI trading train this model according to previous history and rules.  Otherwise you will face many problems because Bitcoin is very volatile. So trading is high risky investment so before any kind of investment whatever you use as here you telling about AI Iwill never prefer Ai trading in the beginning level.
I don't think its that risky honestly, AI is good enough to know how to make technical analysis, feed it with enough information you got same capabilities as human in term of trades.
after all its not just mere bot, its quite different, AI as its name stands, are more advanced and human like intelligence which is artificial in this case could even compete with human if not better.
thats why trading with AI might be effective.
but there's so far no proof yet, we're still waiting until research and implementation of this thing done by big companies then we will see.
And we will probably never see it, when it comes to other forms of AI the companies behind it need to input of people in order to train it, that is why they go public and they even offer their services for free, however a trading bot only needs the data you can find on the markets in order to train itself, and that is information that can be bought at a cheap price, so we are not needed in the process of creating such an AI and as such we will most likely never get to see how good those AIs can be other than to watch trading firms getting even richer.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Ben Barubal on October 19, 2023, 09:32:09 PM
    I don't use AI trading because I prefer to be the one doing the actual trading myself so that I can learn faster and figure out a strategy on what to do about when I should and should not buy or sell crypto that I have.

   In this way, I will know if I have learned something or not, compared to relying on AI for the trading activity I will do here. Then there is also a risk; that's where I'm at risk because I'm the one doing the actual thing instead of the AI you're talking about.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: crazy72 on October 19, 2023, 11:09:14 PM
If you are interested , check this one.
https://imgur.com/a/sypNNLt

Not bad in 4-5 days. It's also true that we are in bull trend for BTC, so we have to check how the system is working in a bear trend.

in any case, if you want to register through my referral is appreciated and it will give yo uthe possibility to have the scalper bot too.
https://app.hodlie.finance/signup?ref=RLPAVD31B

This is the AI applied to the trading in a simplified way. Don't expect tons of exchanges, cryptocurrencies and so on.

You select your risk appetite, allocate the money you want to invest and that's it.


Crazy


Title: Re: If you had AI day trade bitcoin to make profits
Post by: taufik123 on October 19, 2023, 11:33:45 PM
    I don't use AI trading because I prefer to be the one doing the actual trading myself so that I can learn faster and figure out a strategy on what to do about when I should and should not buy or sell crypto that I have.

   In this way, I will know if I have learned something or not, compared to relying on AI for the trading activity I will do here. Then there is also a risk; that's where I'm at risk because I'm the one doing the actual thing instead of the AI you're talking about.
That's a good thought, it's better to learn trading manually without using AI, so that you know how trading works and how analysis is done.

But if you already know everything, AI is used as an assistant that will help you trade more easily. A little eliminates the trading emotions that are usually the weak point for every trader.
There are many trading AIs that provide powerful performance with smarter predictions and some more detailed technical analysis processing.

I am still learning about this AI that provides many advantages.
Now is the era where all-digital and all-AI jobs are in vogue.
Utilizing the sophistication of technology for trading will be profitable, but as long as you have the basic knowledge that is certain.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Xampeuu on October 20, 2023, 04:29:40 AM
    I don't use AI trading because I prefer to be the one doing the actual trading myself so that I can learn faster and figure out a strategy on what to do about when I should and should not buy or sell crypto that I have.

   In this way, I will know if I have learned something or not, compared to relying on AI for the trading activity I will do here. Then there is also a risk; that's where I'm at risk because I'm the one doing the actual thing instead of the AI you're talking about.
That's a good thought, it's better to learn trading manually without using AI, so that you know how trading works and how analysis is done.

But if you already know everything, AI is used as an assistant that will help you trade more easily. A little eliminates the trading emotions that are usually the weak point for every trader.
There are many trading AIs that provide powerful performance with smarter predictions and some more detailed technical analysis processing.

I am still learning about this AI that provides many advantages.
Now is the era where all-digital and all-AI jobs are in vogue.
Utilizing the sophistication of technology for trading will be profitable, but as long as you have the basic knowledge that is certain.
As long as we can use AI correctly then this can help our trading, but it will be better if we have mastered manual trading so that we can regulate the use of AI well, so that AI can help trading according to its portion. However, what is happening now is that beginners prefer to use AI even though they don't know the science of trading, let alone believe that trading will make it easy to make money, that kind of mindset should be avoided.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: taufik123 on October 20, 2023, 06:54:30 AM
-snip-
However, what is happening now is that beginners prefer to use AI even though they don't know the science of trading, let alone believe that trading will make it easy to make money, that kind of mindset should be avoided.
No matter how sophisticated the technology is, if the user does not know the benchmark of the technology then it is useless.
Those who only use AI bots without basic knowledge will be confused about how to do the initial setup so that the AI bot runs as desired.

Not only that, trade management is one of the strategies that determine the success of trading.
The use of AI bots without good management will not be able to maximize profits.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: South Park on October 26, 2023, 08:33:04 PM
-snip-
However, what is happening now is that beginners prefer to use AI even though they don't know the science of trading, let alone believe that trading will make it easy to make money, that kind of mindset should be avoided.
No matter how sophisticated the technology is, if the user does not know the benchmark of the technology then it is useless.
Those who only use AI bots without basic knowledge will be confused about how to do the initial setup so that the AI bot runs as desired.

Not only that, trade management is one of the strategies that determine the success of trading.
The use of AI bots without good management will not be able to maximize profits.
That is what those people do not see, since computers were created different challenges had to be overcome to get where we are, and one of the earliest pieces of software programmers wanted to create was an AI which played chess at a high enough level that it could beat a champion, however since the programmers were not expert chess players they simply did the most logical step, which was to hire some of the best chess players and improve their algorithms until they finally achieved this goal, so if someone thinks that they can get access to an AI like that and make a fortune they are wrong, as they will need to be expert traders themselves in order to understand how the AI works at all.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: nurilham on October 26, 2023, 09:50:06 PM
So If I am not wrong, you are asking about an AI which do day trading for you and get you profits? So how are you so sure at the first place that it will only be a profit? Why there's no chance of loss in your trading logic?
Yes, he is expecting to have AI tools for day trading. But I'm not sure AI can solve the problem of losses, there should be a chance for losses. Moreover, it is AI, AI won't be ever smarter than human. Trading is a complicated thing, even human requires a lot of knowledge to it properly. I doubt if AI can take the job properly, it is a dynamic activity.

I don't use AI trading because I prefer to be the one doing the actual trading myself so that I can learn faster and figure out a strategy on what to do about when I should and should not buy or sell crypto that I have.
You don't need to use AI. I myself never use AI for my activity, specifically for trading. If we trust our ability, why we must need a help of AI.  ;)



Title: Re: If you had AI day trade bitcoin to make profits
Post by: taufik123 on October 26, 2023, 09:52:04 PM
-snip-
so if someone thinks that they can get access to an AI like that and make a fortune they are wrong, as they will need to be expert traders themselves in order to understand how the AI works at all.
But in fact, many do this, many beginners use BOT AI without having basic trading knowledge.
What they expect is instant profit without thinking about using BOT AI, even though trading knowledge is needed to manage several strategies that will be applied to BOT AI.

To achieve consistent profit it will not be easy, in addition to the strategies that need to be applied properly, the capital used must also support.
Capital that is not managed properly will not provide trading stability despite using BOT AI.

You don't need to use AI. I myself never use AI for my activity, specifically for trading. If we trust our ability, why we must need a help of AI.  ;)
Actually, it's not that they don't believe in their own abilities, but the use of AI for those who are professionals is only as optional support or as an assistant when they cannot interact intensely in the market.

AI is only an assistant who will manage trades according to the strategy that has been set before.
So AI still requires settings from the person doing the trading, not fully automatic do it yourself, of course, there must be control.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: mirakal on October 26, 2023, 11:37:29 PM
This whole AI bot trading is not going to work when it comes to crypto trading due to volatile market as bot has to be trained and crypto doesn't follow any particular market pattern and that's why most of the prediction goes wrong so it's not feasible to train the bot. I have seen more losers than winners in terms of AI based trading. Don't fall for their marketing strategy.
It is true the market is volatile and unpredictable, however there are human traders already making money in the markets, meaning that trading is a skill which can be taught and learned, and as such an AI could be as good as a human or even better, it is just that those that have trained an AI to be that good have no reason at all to share it with anyone, so the AIs you see out there being sold or sending signals are in fact the ones that do not work.
Using AI can be reliable at some point but only to those who are skillful and knowledgeable in trading. Because it actually takes a good trader so he can also excel in trading using AI. However, I don't see this will work on the newbies in trading. I suggest that they focus more on manual trading as its more beneficial for them to further their experience and hone their skills in trading. Otherwise, if they rely on trading using AI, its like they only trade like gambling, trading without the potentials of a real trader.

However, let's not close the idea that AI trading can still be profitable for some traders, most likely the pros in trading. Since it is introduced in the market, then most likely it can also be helpful at some point but let's not forget that the best way to be successful in trading is to develop your own potentials and create more experience that will hone your skills and strategies in trading.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: boyptc on October 27, 2023, 10:54:16 AM
Trading bots have been there even before the popularity and launch of AI tools and chat gpt. The decision will still depend on you and it is not the AI that shall trade for you.

It may not that be far that there will be the time that AIs will trade for us because they have no emotions. Unlike us, we're too emotional and we're very sensitive with little loss that we make and even with taking profits.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: cryptobeestrategy on October 27, 2023, 03:41:10 PM
I have developed a strategy on TradingView using its Pine Script programming system. Obviously, it's not an AI that generates high profits. I have been testing it for a month, and it's providing a very good success rate. Here is the backtest from 2020 to 2023, along with a comparison with my trades made over the last 30 days. https://docs.google.com/spreadsheets/d/1TCRy0wyyBBvGvz8p2wEyB2RcslsJvZ9eN0gGrHWJOjo/edit?usp=sharing (https://docs.google.com/spreadsheets/d/1TCRy0wyyBBvGvz8p2wEyB2RcslsJvZ9eN0gGrHWJOjo/edit?usp=sharing)


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Out of mind on October 27, 2023, 04:29:56 PM
If AI day trading can be used, then of course I would use it only for profit purposes. And if the development of this AI day trading is fully operational and can accurately make a prediction, then the market will definitely sell at a good price. Probably this type of AI is doing a lot of work for day trading and if it is right then traders will definitely benefit a lot. And if this method is introduced in the market, it will definitely get a lot of demand and traders will start trading using it. Moreover, if it shows any loss along with profit then it must not be used in the market, and it will be completely misused by people, and if successful then everyone will use it and make good profit in day trading.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: noorman0 on October 27, 2023, 04:55:58 PM
-snip-
It may not that be far that there will be the time that AIs will trade for us because they have no emotions. Unlike us, we're too emotional and we're very sensitive with little loss that we make and even with taking profits.
And AI also has no responsibility for returning the funds they spend.

I don't think AI machines have any doubts about the analysis it produce, so it can behave more impulsively than human traders. I only recommend using AI as long as you monitor it activities.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: boyptc on October 27, 2023, 07:32:51 PM
-snip-
It may not that be far that there will be the time that AIs will trade for us because they have no emotions. Unlike us, we're too emotional and we're very sensitive with little loss that we make and even with taking profits.
And AI also has no responsibility for returning the funds they spend.

I don't think AI machines have any doubts about the analysis it produce, so it can behave more impulsively than human traders. I only recommend using AI as long as you monitor it activities.
There is also no guarantee on this world especially in trading.

I think even with the intervention of AIs, it's still going to depend on how you trade and not the AI itself because its dependence will still be on you.

That's why even if there will be the emergence of AI in trading, the AI that actually trades for us, I don't think that I'll be dependent on it.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: macson on October 27, 2023, 08:04:54 PM
How would one do so efficiently? I am very interested.
i have never tried trading with AI bots, even though there are many people who say gunbots are quite good, but i'm not so sure, there is also a trader who claims to have made an AI (custom) with his own concept and strategy, however, this is what you have to do before starting trading with AI, you need to deepen your own knowledge of Bitcoin and the basics of trading, AI is just a tool to make trading easier for you, don't be too dependent on it, you must still have absolute decisions about the final results of your trading.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: GiftedMAN on October 27, 2023, 10:53:16 PM
Trading bots have been there even before the popularity and launch of AI tools and chat gpt. The decision will still depend on you and it is not the AI that shall trade for you.

It may not that be far that there will be the time that AIs will trade for us because they have no emotions. Unlike us, we're too emotional and we're very sensitive with little loss that we make and even with taking profits.
Artificial intelligence can be very useful in some certain aspects but that should not determine how we intend to trade in the market. We need to get a solid skill in trading for us to get more about what we are supposed to do and equip ourselves with the necessary tools that will keep us going.
Trading is more of skill and the knowledge we have gained in the market and not just about using tools to determine our trades in the market. The market is big and volatile enough to swallow our profits, that is why we need to be wise and make a good decisions as a trader.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: TelolettOm on October 27, 2023, 11:40:38 PM
How would one do so efficiently? I am very interested.
The more you understand about crypto and trading management, the better you will be at optimizing AI trading. However, if you only rely on AI trading bots or applications for your trading activities, be prepared that you will not be able to get optimal profits, or even lose money.

because after all, AI trading is our tool to support smooth trading, sustainability, and also several things related to analysis and implementation. But that doesn't mean that 100% of everything can be done by AI trading. We, as owners, are also obliged to have prior knowledge about all of this. So that we don't just set it up, but really understand what has to be done so that the tool is optimally able to help us get gains.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: BitcoinTurk on October 30, 2023, 08:41:10 AM
How would one do so efficiently? I am very interested.

I definitely don't prefer to trade cryptocurrencies analyzed by AI without technically analyzing them myself. Yes, according to its working logic AI can make very fast and good predictions or analysis but it shouldn't be forgotten that none of the AI's can produce perfect answers in today's conditions. AI, which obtains new information with the information provided to it just like a human doesn't yet have the capacity to make a completely reliable analysis. Moreover, as its popularity increases today many AI states that they cannot provide direct financial analysis and recommendations but it is also possible to obtain these analyzes indirectly.

To trade with AI analysis, I think the investment or trade advice offered by the AI should definitely be analyzed well and traded that way if it makes sense. When trading cryptocurrencies, everyone is responsible for controlling their own capital and should never be traded with the advice of an AI or person. It is always necessary to analyze the results obtained in more detail and then take action.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: CODE200 on October 30, 2023, 02:12:24 PM
Trading bots have been there even before the popularity and launch of AI tools and chat gpt. The decision will still depend on you and it is not the AI that shall trade for you.

It may not that be far that there will be the time that AIs will trade for us because they have no emotions. Unlike us, we're too emotional and we're very sensitive with little loss that we make and even with taking profits.


Yes, trading bots have already been there for quite some time and there are several traders who actually used it as to their own advantage. And yes, trading bots are actually good if utilized properly because that is literally their purpose, and that is to help traders make better trades. But as what you have mentioned, it is a common mistake for trades, especially for beginners, to fully rely on it. As if they're just letting the bots decide for themselves. There is really nothing wrong using it, or even paying for it, but one thing that a trader cannot do is let trading bots or even AIs to be fully control on our trading matters. We can make it as our basis, but let them decide for us? I don't think that it is a great idea.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: synchronym on October 30, 2023, 02:36:31 PM
If you want to trade Al with Bitcoin you need to have a lot of knowledge or else it will be very dangerous to trade Al with Bitcoin. As we all know trading Al with Bitcoin is very risky so it is better not to trade Al with Bitcoin. If we trade BTC we will get much more profit than we will get from trading Al.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Bitcoin_people on October 30, 2023, 04:44:57 PM
How would one do so efficiently? I am very interested.
I think if you use AI in day trading, it may cause you loss, or cause profit, neither is sure. No human has ever traded using AI, and I don't think AI can ever make such accurate predictions. Moreover, if such methods are introduced in the market in the future, many people will use these AI methods, only for the purpose of making profit. But I know that day trading in crypto is never profitable using AI and they don't give completely correct advice. That's why if you ask ChatGTP about this, they will definitely tell you that they can't make such predictions with AI but ask you to invest for a long time. As trading is a risky system you need to be aware and do not trade until you have good experience. So you invest in Bitcoin for long term it will help you to reduce risk and give profit in future. And if you want to make money by day trading then do it on your own skill it will make you the best knowledge. Basically no one has done trading using this type of AI and it may not happen in the future so it is best to trade using your own strategies.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: DVlog on October 30, 2023, 05:49:56 PM
There is no such AI that exists right now that i know of that can execute trades of its own. AI bots should have the ability to set their own rules based on ever changing market scenarios. It will learn from its previous mistake and create strategies based on that. Is there a bot that can do this? I don't think so. If i need to set the rules, strategy and everything else, then that is just an ordinary tool or automation that can help us trade. Calling something AI doesn't make it one.

If someone manages to create something that can work like that one day then i won't use that bot either. The human mind has the ability to do critical thinking and take precautions to save its assets. Sometimes experienced traders stop trading due to unfavorable market conditions. AI won't do anything like this as it will be created to take advantage of opportunities in every market movement and an unfavorable market condition can eat up all of your portfolio as AI won't have feelings like you that will warn them not to trade in this condition. AI might have many benefits but making financial decisions is not one of them.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: poodle63 on October 31, 2023, 12:30:47 AM
If you want to trade Al with Bitcoin you need to have a lot of knowledge or else it will be very dangerous to trade Al with Bitcoin. As we all know trading Al with Bitcoin is very risky so it is better not to trade Al with Bitcoin. If we trade BTC we will get much more profit than we will get from trading Al.
it should be trading BTC with AI not trading AI with BTC, completely different thing.
but honestly we still don't know how AI could fare well being used for trading, we all know some people out there that trades and automates it using bot with their own specific settings.
with AI, it can adjust with the market automatically based on given data, even better with massive trained data with billions of parameters it might be as good as veteran trader if not better.
I honestly anticipating some company out there to be developing such AI with such capabilities, it might be tremendous helps for those newbie trader that don't really bother learning about technical analysis at all.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: JunaidAzizi on October 31, 2023, 03:32:44 AM
How would one do so efficiently? I am very interested.
Well everyone is talking about the functions of AI bots in trading but no one can tell you the risk involved in it.

AI trading bot is good in day trading and can easily give you profits. It could easily trade for you, using the right strategy, and give you high profits without any hard work.

But keep in mind that an AI bot is a software-based technology that may any time affected by errors. It may be encountered by technical issues or software errors which cause you to lose.

The purpose of the bot is to see the signals and use the best strategy for it but as we know the crypto market is highly volatile so if the market suddenly fluctuates and the bot does not sense it or use in hurry uses the wrong strategy in then what would you do if it occurs, nothing, the result will be the loss.

If the user does the misuse of the bot it will also affect the performance of the bot.

Also using an AI bot can vulnerable you to hackers who can easily manipulate your trade and hack it.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: South Park on November 02, 2023, 08:53:03 PM
If you want to trade Al with Bitcoin you need to have a lot of knowledge or else it will be very dangerous to trade Al with Bitcoin. As we all know trading Al with Bitcoin is very risky so it is better not to trade Al with Bitcoin. If we trade BTC we will get much more profit than we will get from trading Al.
it should be trading BTC with AI not trading AI with BTC, completely different thing.
but honestly we still don't know how AI could fare well being used for trading, we all know some people out there that trades and automates it using bot with their own specific settings.
with AI, it can adjust with the market automatically based on given data, even better with massive trained data with billions of parameters it might be as good as veteran trader if not better.
I honestly anticipating some company out there to be developing such AI with such capabilities, it might be tremendous helps for those newbie trader that don't really bother learning about technical analysis at all.
I am pretty sure this has already be done many times by trading firms all over the world, after all during the last decades the ones that have won the Nobel prize for economics are not economists but mathematicians and physicists, so there is a massive demand for them in Wall Street, then it would not surprise me at all if an AI which can trade the markets has existed for decades already, it is just that now with the noise generated by ChatGPT regular people are now more interested in the topic than ever.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Assface16678 on November 04, 2023, 03:12:41 PM
If you want to trade Al with Bitcoin you need to have a lot of knowledge or else it will be very dangerous to trade Al with Bitcoin. As we all know trading Al with Bitcoin is very risky so it is better not to trade Al with Bitcoin. If we trade BTC we will get much more profit than we will get from trading Al.

You just repeated what the others say, and in fact, your statement is only on loop, meaning everything you've said is the same. I don't know if you know what you're saying; I think you just copy what the others say and say it many times with a different approach. If you don't know what the topic is, then don't post at all.

Anyway, to answer the question, I guess trading using AI or AI trading in bitcoin is still not realiable. I mean, there are trading bots out there, but it is not proven that they can always give profit, or, let's say, there is still a large margin that trading using AI will fail or result in profit loss. Let's put it simply: AI trading will trade based on the information inputted or programmed into the AI, and as we know, the bitcoin price is volatile, which means it can move differently each second, minute, hour, or within the day, so there is no definite pattern. And as AI relies on its data, if the AI doesn't recognise the price movement and other patterns, indicators, and analyses, then it will not function well; it will not do trades that will guarantee a profit.

I guess relying on AI trading is still not a good idea, unless someone could develop a robot to efficiently trade at any time and in any situation.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Bushdark on November 04, 2023, 05:33:33 PM
If you want to trade Al with Bitcoin you need to have a lot of knowledge or else it will be very dangerous to trade Al with Bitcoin. As we all know trading Al with Bitcoin is very risky so it is better not to trade Al with Bitcoin. If we trade BTC we will get much more profit than we will get from trading Al.
I don't really understand what op means by trading AI with Bitcoin. Mqybe he's trying to say that using artificial intelligence to predict the price of Bitcoin like using a bot. Using AI bot to trade the financial market is not a new thing in this era that we are. There are people that are making sufficient profits from using bot 5o trade the crypto market even without having any idea about the market. Op will need to learn how to use artificial intelligence to trade the market which he can get videos online or buy AI bots from online stores.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: Habiba Akter on November 04, 2023, 06:20:42 PM
Still now i never used AI trading because i,m a gentle man and i believe trading signals from telegram channels or others source.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: God bless u on November 05, 2023, 08:05:53 AM
Bitcoin is not a risky asset so don't use AI technology to make it risky. I think instead of bitcoin trading one should save his bitcoin because investment is more profitable than trading. In trading you will be afraid of lossing money due to less time available for decision making whereas in investment its up to you that when you want to sell to take benefit.

You will be familiar about the use before using AI trade and bitcoin is expensive asset if one command become wrong then your whole money will be at risk. Personal trade will be better because you will learn all the mechanism well and human have the ability to change decision according to the situations but AI trade will do what you have set to do.


Title: Re: If you had AI day trade bitcoin to make profits
Post by: R100K-Martin-Lunger on November 22, 2023, 09:09:30 AM
How would one do so efficiently? I am very interested.

I guess I'll have to tell you my story. I'm a seasoned crypto investor and a Bitcoin HODLer :D

When I started putting my money into crypto years ago, I didn't like the fact that the market was so volatile and things could change drastically and quickly. Of course, Bitcoin (which has been - and will always be - my primary coin) became my safe bet. We all learned it was the best crypto asset to invest in - especially long-term where it continues to make gains (despite the wild plummets after its crazy bull runs). With time, I have no doubt it'll hit the $100K mark (and then go even higher).

But then I started thinking there should be a better way to make more profits with my investment than just waiting for Bitcoin to climb over years.

AI was becoming a thing and so I decided to day trade with it. I learned all I could and went for it. And lost a lot of money :D

So I'm not a fan of day-trading Bitcoin generally or scalping it with AI, etc.

What I came to realize a few years back was how I could implement AI effectively in crypto investing. So some friends and I started training a specialized AI on crypto data. The community I recently launched now uses this AI to identify break-out coins before the event happens (along with other potential events that affect certain coins more than others).

We don't let the AI run wild. In fact, I have experienced traders supervising the AI and its recommendations. These professionals call the shots on which potential trades to take and which recommendations to ignore.

The AI has maintained an average 2.43x higher gains than Bitcoin in months of testing before we launched. Since then, we've made 10% higher gains than Bitcoin for our community.