Would you use AI trading assisting tools?

[goldkingcoiner]

Increased adoption of crypto has given way to more investors and traders trooping into the space to explore the vast opportunities. While crypto trading may be lucrative, only a few section of traders record significant profit consistently, largely because of the ambiguous nature of analysing charts and keeping tabs on cryptocurrencies.

In recent times we’ve seen traders opt for different trading tools and bots to raise their efficiencies and maximise their profits, but are they really effective compared to self-trading? I recently got wind of Aimbot as Bitget announced its listing, seeing it is one of those projects that promises to aid traders achieve improved results I decided to research and learn from the more experienced traders if they’ve researched this project, and their bias on AI trading assisting tools like this one.

AI is a fancy algorithm. That is it, really. It is not real human intelligence, it just mimics human intelligence. Why would I want to trust something like that with my money? And if it was as profitable as some people imagine, where are all the AI-trading billionaires?

From my own subjective point of view, for the maximum profits, there is no best software to look after your trades, but rather you should be trusting your wetware (Brain) to do that for you.

Sure there might be AI tools which are helpful and maybe even generate a steady small profit over time, but the human brain is something that will beat that AI every time. I do agree that not everyone wants to learn how to trade or spend their time on trading, so those kind of people might be the ones who see such tools as most helpful.

[LogitechMouse]

TBH, I'm one of the many traders out there who end up losing their money in trading.

Now with regards to AI assisting tools, I might give it a try, and if I see that I'm profiting while using it then why not. I mean it lessens your stress, it would be easier for you to trade because there is somebody that will help you. The question is, is there some AI tools out there who can assist those traders, and transform them from unprofitable traders to a profitable one? If there is, maybe you can share it here, so we can benefit from it.

On the other hand, I'm pretty sure there are some that will say here that they don't need AI because they can be profitable in trading without using it. It's fine, and congratulations to you because you are profiting without the use of AI, but there are many including me who can't be. I don't know what's the problem within me, but AI certainly helps me with my trading decisions "IF THERE IS ONE." With AI growing, and evolving at such a rapid pace, I will not be surprised if there will be AI tools out there who can be better than trading bots that we are using right now, and just let them trade for you. I know it might sound impossible, but nobody foreshadowed a few years ago that a thing called "ChatGPT" will be created.

[michellee]

Maybe I'll try to trade using the AI mentioned by @OP. But if after trying out the AI, I see similarities to using bots as we know them, I'd still prefer to trade manually.

Using AI is fine if you know how to run AI, bots, or other tools. And before you can master it well, you must practice using the AI or bot properly. For now, the forms of AI that we encounter may still be like bots, where we have to enter commands so that AI or bots can execute them.

But AI itself means artificial intelligence. And that means the AI can trade without any complicated orders that we give and the AI can look for coins that have the opportunity to go up in the short, medium, or long term. But the development of AI has not reached that stage yet.

[Viscore]

I have confidence in my own trading experience so I’ve decided not to use bots or AI trading. Although they can be effective for some most particularly for those who have high experience in trading but certainly not for beginners or those who are still focus on their self-trading. However, they can be effective but not in a sustainable and reliable means because we know probably how the trading market changes its condition. Because of its highly volatile feature, it’s best to learn and focus on self-trading so that whatever the market condition will be, you will still be capable make your trades favorable and profitable in the end.

[sulendra12]

If you are using an AI for bots purpose such as AI bot trading to make your daily trading easier then it should be okay since you are actually put some parameters into that bot depends on your trading style and stuff, but if you are just using AI to rely to them for their picks because they don't have "emotions" then I think you are doing something wrong. I would prefer to use my own skills instead of relying on AI.