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Author Topic: Market is bearish and AI narratives are still bullish  (Read 105 times)
Saucemann (OP)
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June 18, 2024, 08:33:20 PM
 #1

Been checking out some Ai narrative after CGPT which gave me around X8 of my capital. was scrolling through x and i found an amazing AI project that has the tendency to make it and even more than the latter one. it's named ROGin and the native token is $ROG. i found out about some information about the project.
ROGin AI represents a financial platform that integrates artificial intelligence (AI) and Metaverse technology to offer a broad spectrum of financial services, encompassing cryptocurrency investment and non-fungible token (NFT) trading.
The project focuses mainly on developing the financial economy of multi-asset management Their platform simplifies asset management with their Simply Earning Service and enhances user engagement through a Social Trading Platform. so what do you think about investing in AI narrative and in where do you think i can do to make more bucks
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June 18, 2024, 10:21:51 PM
 #2

I still don't know why on this earth would human being believe that AI can analyze market
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June 18, 2024, 10:47:32 PM
 #3

I still don't know why on this earth would human being believe that AI can analyze market
AI can be a great tool for analysis and I don't see anything wrong with human using AI as a supplementary tool in addition to your own human knowledge and experience,  what I do normally is to use AI informations as an additional insight and guide to my own analysis.

Where the problems will come is when human throw away rhein own brain and depending totally on AI to get information and predictions of the future occurrence which in most time ant accurate.



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June 18, 2024, 11:08:43 PM
 #4

Been checking out some Ai narrative after CGPT which gave me around X8 of my capital. was scrolling through x and i found an amazing AI project that has the tendency to make it and even more than the latter one. it's named ROGin and the native token is $ROG. i found out about some information about the project.
ROGin AI represents a financial platform that integrates artificial intelligence (AI) and Metaverse technology to offer a broad spectrum of financial services, encompassing cryptocurrency investment and non-fungible token (NFT) trading.
The project focuses mainly on developing the financial economy of multi-asset management Their platform simplifies asset management with their Simply Earning Service and enhances user engagement through a Social Trading Platform. so what do you think about investing in AI narrative and in where do you think i can do to make more bucks

     You know op, there are many ways to find out if the narrative you are looking for an answer to is legit or not. Do your own research, I hope we are not satisfied with just asking questions. There's google, a social media platform where you can watch videos of influencers who give info on potential cryptocurrencies, whether it's meme coins or AI, its up to you.

     But I don't believe that AI can analyze the situation in the market. Because the analysis must have emotion to do it and not AI can do it because AI itself has no emotion literally speaking.

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June 18, 2024, 11:18:52 PM
 #5

I still don't know why on this earth would human being believe that AI can analyze market
AI can be a great tool for analysis and I don't see anything wrong with human using AI as a supplementary tool in addition to your own human knowledge and experience,  what I do normally is to use AI informations as an additional insight and guide to my own analysis.

Where the problems will come is when human throw away rhein own brain and depending totally on AI to get information and predictions of the future occurrence which in most time ant accurate.

Suppliwmbtal tool yes, unfortunately people use it as the end all be all.  The market isn't bearish though.  Just because it has taken a little step back we are still 10% off bitcoins all time high.  No market line is linear there are always fullbacks and profit taking.  I don't see any difference today that I did 4 months ago.  Market is always like this after the halving events.  Just wait for it.

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June 19, 2024, 12:24:20 AM
 #6

This AI narrative is not actually making any movement in the crypto industry nor am I that interested in it and the alts promoting the AI ​​concept are just following the flow, none of the services are making a big impact. I sometimes use AI just to enjoy the knowledge they are capable of, receiving only that much information. Meanwhile, regarding the crypto market, the ability to provide price analysis and so on cannot be used as a reference. Considering that the market moves naturally every second, it is automatically more effective if you do it yourself. So, regarding investments or traditions in AI-themed crypto assets so far this is normal, but basically alt will continue to focus on seasonal trends and AI has competitors that keep coming. So if you focus on the fact that the AI ​​narrative can still survive, it certainly won't last long.

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June 19, 2024, 12:29:18 AM
 #7

I still don't know why on this earth would human being believe that AI can analyze market

Easy, because there are a lot of ignorant people out there who believe Artificial intelligence equals magic, because they see how a program can make images out of text and how we begin to see chat bots which apparently can pass the Turing Test. So they believe that if that kind of technology is capable of generating images, "art" and text next to those done by human beings, then they assume Artificial intelligence could analyze the market better and faster than a human being could, giving better yields than the average trader.
To me it does not make much sense, it would imply an Artificial intelligence to have access to the movements of the most prominent traders and speculators our there, and their strategies are obviously not of public domain or easily gathered, as pictures or texts are.

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June 19, 2024, 03:45:32 AM
 #8

Maybe its just me but I don't think AI narrative is that bullish anymore, instead its DePin that thrives, just for example latest IONET listing shows significant price pump though it gets back to its initial listing price but the market cap is already as big as RNDR at the first time listing, people definitely bullish about these whole computing power thing, like when you see in AI category in CMC for example, you see these DePin coins dominating the biggest market cap, the rest of coin that are in AI category are just not really impressive. but honestly aside from the generic LLM models wrapper that kept being shoved up to the market, the machine learning, depin, and AI coins that truly brings something to the table does have high market valuation.


I still don't know why on this earth would human being believe that AI can analyze market
it can analyze market to some extent but mostly its just text book analysis, literally just explaining current market based on indicator and thats it, no hunch that things might go wrong because probability of ETF disapproval from example from what I've experienced using some AI with their latest models and just try throwing data into it.
all these new platforms are probably just wrapper around the existing LLM models, i don't believe new project willing to start from scratch building their own models with all the computation power that it needs though probably including what OP is mentioned.

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June 19, 2024, 04:18:50 AM
 #9

     But I don't believe that AI can analyze the situation in the market. Because the analysis must have emotion to do it and not AI can do it because AI itself has no emotion literally speaking.
investing and trading do not require much emotions possibly not at all so if that is your concern about AI being involved then you can drop that worry.

it is not that AI has no emotions but AI usually do not see the big picture the way us humans can do. news regarding political or economical might affect the market in which case, AI might not be able to connect the dots.

AI can be helpful in trying to analyze the market but it should not be your only basis. it should just be an aditional help.

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June 19, 2024, 05:18:45 AM
Last edit: June 19, 2024, 11:26:39 AM by JeffBrad12
 #10

OP. AI narrive is still remain bullish, but it totally depends on the bitcoin market. As long as the bitcoin price is still unpredictable like this time, then im doubting AI will be bullish. if bitcoin still show unclear pattern. then again, it's almost impossible to say whether we are going bullish soon. In the end, how bullish the trend in the crypto totally depend on bitcoin.

Been checking out some Ai narrative after CGPT which gave me around X8 of my capital. was scrolling through x and i found an amazing AI project that has the tendency to make it and even more than the latter one. it's named ROGin and the native token is $ROG. i found out about some information about the project.
Rogin AI represents a financial platform that integrates artificial intelligence (AI) and Metaverse technology to offer a broad spectrum of financial services, encompassing cryptocurrency investment and non-fungible token (NFT) trading.
Well, AFAIK, ROGin is an old token. This token is not even following your narrative, because of lack in the development from the projects, but again, ROG token never got pumped since 2022. In the end, how bullish AI project totally depend on how proper the development that is still going on in the background.



ROGin's chart looks very interesting, but, it's possible for the price to be parabolic, if bitcoin dump to the 61k.

The project focuses mainly on developing the financial economy of multi-asset management Their platform simplifies asset management with their Simply Earning Service and enhances user engagement through a Social Trading Platform. so what do you think about investing in AI narrative and in where do you think i can do to make more bucks
I have seen the progress from this project, and sorry to say, they are very slow in developing their platform;moverover, the price was representing how slow the progress made by the developer behind rogin.


I still don't know why on this earth would human being believe that AI can analyze market
AI being created based on human knowledge, it's also making our life much easier to access any data/knowledge stored by AI, and im sure human was not blatantly trust AI to analyze the market. Human used it as their tool to get inaccessible data. Sometimes, it's also really helpful for me to identify or learn about the market.


AI sounds bad to you, right? Try to see it from the different POV.

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June 19, 2024, 03:06:33 PM
 #11

It is simply just a situation that is basically a buzzword marketing and nothing more. I get that why people may think that it is good enough, but it is not and I would say that people should stay away from the AI world if they can, in the crypto space of course.

I am not saying that you should stay away for regular stuff, midjourney has been quite good for me and I have learned so much there, I tried to learn more but I do not have the time right now, but working on AI is great, if you can become a prompt engineer that would be a great income for you. I am just saying crypto doesn't have that, and it is not going to be all that possible for the time being, so we should stay away from AI coins at the moment if we can.

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June 19, 2024, 07:41:46 PM
 #12

OP. AI narrive is still remain bullish, but it totally depends on the bitcoin market. As long as the bitcoin price is still unpredictable like this time, then im doubting AI will be bullish. if bitcoin still show unclear pattern. then again, it's almost impossible to say whether we are going bullish soon. In the end, how bullish the trend in the crypto totally depend on bitcoin.

Been checking out some Ai narrative after CGPT which gave me around X8 of my capital. was scrolling through x and i found an amazing AI project that has the tendency to make it and even more than the latter one. it's named ROGin and the native token is $ROG. i found out about some information about the project.
Rogin AI represents a financial platform that integrates artificial intelligence (AI) and Metaverse technology to offer a broad spectrum of financial services, encompassing cryptocurrency investment and non-fungible token (NFT) trading.
Well, AFAIK, ROGin is an old token. This token is not even following your narrative, because of lack in the development from the projects, but again, ROG token never got pumped since 2022. In the end, how bullish AI project totally depend on how proper the development that is still going on in the background.



ROGin's chart looks very interesting, but, it's possible for the price to be parabolic, if bitcoin dump to the 61k.

The project focuses mainly on developing the financial economy of multi-asset management Their platform simplifies asset management with their Simply Earning Service and enhances user engagement through a Social Trading Platform. so what do you think about investing in AI narrative and in where do you think i can do to make more bucks
I have seen the progress from this project, and sorry to say, they are very slow in developing their platform;moverover, the price was representing how slow the progress made by the developer behind rogin.


I still don't know why on this earth would human being believe that AI can analyze market
AI being created based on human knowledge, it's also making our life much easier to access any data/knowledge stored by AI, and im sure human was not blatantly trust AI to analyze the market. Human used it as their tool to get inaccessible data. Sometimes, it's also really helpful for me to identify or learn about the market.


AI sounds bad to you, right? Try to see it from the different POV.

True it's an old token that's recently made a listing partnership. I think that's the reason for for the decent price trend..

AI helps in making analysis easier though.  But you need to have basic knowledge as to what you're doing .
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June 19, 2024, 08:47:16 PM
 #13

It is better to analyze the market on your own than rely on any Al. Market seems bearish in all aspect and so does its technical analysis don't think Btc seems bullish in any way now

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June 19, 2024, 08:56:09 PM
 #14

I still don't know why on this earth would human being believe that AI can analyze market
It's not that they can analyze the market.
You know that each market is all about trends, this time, as said that the narratives are with AI and we all have to wait and see that.
The market dumped today and everyone is free to choose their own bets before this market goes to the top of this bullish season.


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June 19, 2024, 09:14:59 PM
 #15

Been checking out some Ai narrative after CGPT which gave me around X8 of my capital. was scrolling through x and i found an amazing AI project that has the tendency to make it and even more than the latter one. it's named ROGin and the native token is $ROG. i found out about some information about the project.
ROGin AI represents a financial platform that integrates artificial intelligence (AI) and Metaverse technology to offer a broad spectrum of financial services, encompassing cryptocurrency investment and non-fungible token (NFT) trading.
The project focuses mainly on developing the financial economy of multi-asset management Their platform simplifies asset management with their Simply Earning Service and enhances user engagement through a Social Trading Platform. so what do you think about investing in AI narrative and in where do you think i can do to make more bucks
Yeah, that's nonsense. Just the concept of "metaverse technology" should be a clue. You can make 10000x just with luck so making x8 with your "AI" would count as luck as well. Or what will you say when you lose it (if you even have it)? Would you say that your AI tech didn't work, like it doesn't for thousands of others.

I just made 10x with AI betting, and for a moment i was actually thinking it might be working, but guess what? I thought it for a while and understood that i am an idiot and it's all luck. Current "Artificial intelligences" are just text prediction. They might look convincing because they are mimicing humans and can compare some patterns, and TA isn't even as predictable as sports. So putting any trust on software that predicts that isn't probably a good idea. I am not saying it's a worse idea than trading by something weird like astrology, or just manually doing TA, but don't trust that too blindly.

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June 19, 2024, 09:57:07 PM
 #16

~
Not surprised with AI narratives, they're booming outside of the crypto scene as well so it's nothing weird of the sort for it to be bullish even now. Highly doubt the hype behind it (and the sht ton of other scam coins behind AI's name) would disappear for a while.

As for being bearish, not really imo. Just a stagnant time I'd say? Pretty steady ish on some of my coins, Bitcoin is steady at the middle of 60k as well.

And metaverse is just bs. Metaverse tech? That's just VR gear lol. And 99% of them aren't even worth it.

R


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Dr.Bitcoin_Strange
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June 20, 2024, 10:35:42 AM
 #17

I still don't know why on this earth would human being believe that AI can analyze market

As long as it's working and producing some quality results for those using it, then there is no problem with it. I used to be against using AI for market analysis or trading, but currently these AI are being modified so that they can go online to seek current data and provide results, and they are also fast. So, if it really meets the needs of those using it, it's their choice. I have actually tried out the AI that's integrated into Bybit Exchange, and I can say I got a productive result, but you have to be smart while using the AI too because it cannot produce accurate results all the time. 

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June 20, 2024, 02:05:32 PM
 #18

I would not advise anyone to invest or simply trade because AI gives such narrative, it is dumb of anyone rather you can use it to align a personal narrative according to your own strategy, approach we should not be bound by AI or use it to replace the value in making decisions ourselves.
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