Is AI in crypto a game-changer or just another hype?

[Aanuoluwatofunmi]

Or maybe we should just call it this way that AI is a game changer in cryptocurrency trading which makes doing things easier but we are the ones that make an attempt to overrated it's uses and application to almost been applicable to every aspect of trading, though as I've said, AI will make things look more prettier and better but using it on our trade may not be the exact solution to having a better trading experience whenever we make use of AI technology, it's of more benefits than we expect only if we appropriately make the right application for its use.

[adaseb]

In the current crypto landscape, we're witnessing an influx of AI-powered projects. However, it's crucial to remain skeptical as many of these projects lack solid evidence to support their claims of being AI-driven. It appears that some are merely trying to create hype to sell their tokens without substantial technological backing.

On the other hand, certain CEXs are incorporating AI into their trading bots, particularly for grid trading. They assert that this move allows beginners to take advantage of trading strategies without needing extensive expertise in the field.

For instance, Bitget has integrated AI into its grid trading system, and it's likely that other exchanges are exploring similar paths. But the big question remains: Will these AI implementations truly deliver on their promises or will they become obsolete in the future, dismissed as mere trash? As a crypto enthusiast, it's crucial to keep a watchful eye on the advancements and critically assess the real value that AI brings to the crypto space.

The issue with these AI grid trading systems is that if it becomes too saturated then it will no longer work. Say 10 people are using the grid system, should be fine. But eventually since its profitable people will put more and more money into their account balance and the impact will be bigger and require more liquidity.

Eventually too many people will be using these AI trading bots and they will stop working. Some other people might even take trades in the opposite direction because they know its a saturated trade and it will stop working. I don't think the world markets can be traded by AI. Most likely human trading is the most precise.

[Cryptomultiplier]

Left for me right now, I think AI, should be restricted to just fewer functions than necessary because I see the way it is being integrated into almost all facets and sooner than we know it, we might have to retire to Mars or be dead and AI will run the world completely.

It is everywhere these days. More jobs are being replaced by AI, school students now look to AI to complete assignment or projects. This is the future however, but with AI being introduced in trading, in gambling, in tech, in investment,  crypto use of AI for auto trading or copy trading is more real but it still being tested before full openness to users. It's not a hype at all.

[samcrypto]

Left for me right now, I think AI, should be restricted to just fewer functions than necessary because I see the way it is being integrated into almost all facets and sooner than we know it, we might have to retire to Mars or be dead and AI will run the world completely.

It is everywhere these days. More jobs are being replaced by AI, school students now look to AI to complete assignment or projects. This is the future however, but with AI being introduced in trading, in gambling, in tech, in investment,  crypto use of AI for auto trading or copy trading is more real but it still being tested before full openness to users. It's not a hype at all.

There's a pros and cons with AI and I think experts are already aware of this, if we will not make any action right now for sure AI will disturb our world.
In crypto, having this AI can be both beneficial and not especially if you are doing your business and you will allow AI to be integrated on your platform.
Imagine AI that can know how to break the system in gambling, that's a big threat to the business. Let's see how the crypto projects will handle this AI or else, they will lose their market exposure in the long run.

[taufik123]

There's a pros and cons with AI and I think experts are already aware of this, if we will not make any action right now for sure AI will disturb our world.
In crypto, having this AI can be both beneficial and not especially if you are doing your business and you will allow AI to be integrated on your platform.
Imagine AI that can know how to break the system in gambling, that's a big threat to the business. Let's see how the crypto projects will handle this AI or else, they will lose their market exposure in the long run.

There will always be pros and cons to AI. It just depends on where we see the point of view of using AI.
There are many people who benefit and make it easier with AI today.
AI continues to learn, he will learn everything that is given to him so that AI will continue to grow.

AI in crypto makes it easy to do analysis, fundamentals, and other work that makes trading easy.
But still, as users we have full control, so Ai remains in our control.
See how nowadays, more and more AI crypto projects are emerging so that they will provide more significant progress.

[fullhdpixel]

On the other hand, certain CEXs are incorporating AI into their trading bots, particularly for grid trading. They assert that this move allows beginners to take advantage of trading strategies without needing extensive expertise in the field.

Trading bot could be useful in some aspects of trading but we have to understand that this may also not be applicable to many of these trading, seing centralized exchanges making use of trading bot or AI as we may call it can be effectively adopted with them but you can be rest assured that they also employed monitoring system analyst that supports or guide the activities that this AI machines person for their own best of interest, if but they may not yield maximum performance in their system of trading if they only depends on trading bot system.

If we are not new in trading, we will know if using a bot is beneficial for us or not. For starters, they should start manually or they can also read guides to know more about the thing that they are venturing. If the AI/bot of the exchange is well coded then it might attract lots of traders on using them. That should yield the exchange a maximum profit.

It's only up to the trader now if how can they make their trades more effective. The strategy should and analysis should still come from them. Trading platforms are just like a place or market to make the trade happen. Anyway, I believe that AI in crypto is not a game changer but it is only just a hype.

[molsewid]

In the current crypto landscape, we're witnessing an influx of AI-powered projects. However, it's crucial to remain skeptical as many of these projects lack solid evidence to support their claims of being AI-driven. It appears that some are merely trying to create hype to sell their tokens without substantial technological backing.

On the other hand, certain CEXs are incorporating AI into their trading bots, particularly for grid trading. They assert that this move allows beginners to take advantage of trading strategies without needing extensive expertise in the field.

For instance, Bitget has integrated AI into its grid trading system, and it's likely that other exchanges are exploring similar paths. But the big question remains: Will these AI implementations truly deliver on their promises or will they become obsolete in the future, dismissed as mere trash? As a crypto enthusiast, it's crucial to keep a watchful eye on the advancements and critically assess the real value that AI brings to the crypto space.

AI is just a tool, I don't see any difference from then and now it just so happen that this era AI becomes more known, because of chat gpt but then AI has been used by many companies even before 2023. It can be very useful to industrial but for crypto yes it can be a thing as well. But AI is AI it will have some flaws and it is not perfect it can either help people or if misuse it can people as well.

[Ziskinberg]

In the current crypto landscape, we're witnessing an influx of AI-powered projects. However, it's crucial to remain skeptical as many of these projects lack solid evidence to support their claims of being AI-driven. It appears that some are merely trying to create hype to sell their tokens without substantial technological backing.

On the other hand, certain CEXs are incorporating AI into their trading bots, particularly for grid trading. They assert that this move allows beginners to take advantage of trading strategies without needing extensive expertise in the field.

For instance, Bitget has integrated AI into its grid trading system, and it's likely that other exchanges are exploring similar paths. But the big question remains: Will these AI implementations truly deliver on their promises or will they become obsolete in the future, dismissed as mere trash? As a crypto enthusiast, it's crucial to keep a watchful eye on the advancements and critically assess the real value that AI brings to the crypto space.

AI is just a tool, I don't see any difference from then and now it just so happen that this era AI becomes more known, because of chat gpt but then AI has been used by many companies even before 2023. It can be very useful to industrial but for crypto yes it can be a thing as well. But AI is AI it will have some flaws and it is not perfect it can either help people or if misuse it can people as well.

It can be useful to other things or areas and might not be applicable to others. But because of its popularity these days, we can say that people become more and more interested in this, it's a hyped actually. However, it was just to know that AI have also some limitations and sometimes they are wrong which is the thing I worried and delivering misinformation could be leading to misconception and confusion in the future. That is why we shouldn't have to be solely reliant on this tool as it probably fails. 

[tjtonmoy]

This topic has been discussed several times on this forum. Why not ask this on some of the existing posts? But if you are too lazy to do that, let me tell you again. AI usage in trading is a no-brainer. It does help, it is capable of calculating the market more correctly and giving out much more accurate predictions. But what are you learning from it? Are you able to learn something which will come in handy in the future? Of course not.  All you are doing is using something to do the job for you. You are learning to use the bot but not learning how to trade. The best way to make you understand this is to say, what if the AI is gone suddenly one day? What will people do? Those who are using this AI for a long time and who have learned nothing so far.

We need to learn it first and then use the help of AI to see how accurate we are. We need a place to co-exist. Not someplace where one particular thing dominates the whole area. AI is powerful, not gonna lie. But we need our own touch in that too. Make the best use of anything to your advantage. Control it but don't let it control you.

[Tipstar]

In the current crypto landscape, we're witnessing an influx of AI-powered projects. However, it's crucial to remain skeptical as many of these projects lack solid evidence to support their claims of being AI-driven. It appears that some are merely trying to create hype to sell their tokens without substantial technological backing.

On the other hand, certain CEXs are incorporating AI into their trading bots, particularly for grid trading. They assert that this move allows beginners to take advantage of trading strategies without needing extensive expertise in the field.

For instance, Bitget has integrated AI into its grid trading system, and it's likely that other exchanges are exploring similar paths. But the big question remains: Will these AI implementations truly deliver on their promises or will they become obsolete in the future, dismissed as mere trash? As a crypto enthusiast, it's crucial to keep a watchful eye on the advancements and critically assess the real value that AI brings to the crypto space.

AI helps people to shorten the time required to research about the token's fundamentals and technical. Studying technical is a time consuming job and most people pay money to the experts to do it for them. But with involvement of AI, fundamentals are cheap or free to reach every traders. With such ease of access to fundamentals, there would be lesser risk on trading. Though this may make the market more homogeneous hence stable making swing trading less profitable, one's looking for high profit need to venture to much riskier markets.

[LogitechMouse]

~

tl;dr

This is just another hype post towards Bitget exchange which is obviously a scam exchange. When you will stop promoting that scam exchange? Or you are getting paid by promoting it in exchange for a negative trust here?

Re: Is AI in crypto a game-changer or just another hype?

Well to answer this one, I believe that it will just be another hype like in DEX, ICO's, NFT's etc. etc. AI has been hyped for months already, and I've only heard a few projects that is related to AI unlike NFT's back when the hype is on it's peak where you can see new projects, new games, new NFT's everywhere. I don't know if I'm just not updated, but I guess there are only few projects right now that's associated or at least have a connection with AI.

Is AI a crypto changer? It might be, but the question is how will the old, and the new projects integrate AI with their project. I'm not a developer, but it's good to see projects that integrated AI on their product.

[GreatArkansas]

For me, AI doesn't need cryptocurrency or cryptocurrency doesn't need AI.
What can I only see is using AI on some platforms that is a cryptocurrency that is needed automation, just like trading.
Which for me is normal and we already saw these before even in the non-cryptocurrency market.

[Honnet43]

As with any tech trend, there will be both genuine innovations and empty promises. It's important to be cautious and do thorough research before jumping on the AI bandwagon in crypto

[maydna]

We can't deny that these rumours about AI are getting stronger. And suppose the developers are still working hard on developing this AI until humans can use it and help with their daily activities. In that case, AI can really fulfil its promise. And we also know that AI development is currently supported by ongoing technology. But for now, the development of AI hasn't been published thoroughly because maybe the developer hasn't found a suitable model. But AI can become the next trend if there is a project that dares to open up its project and show the public that, in the future, AI can work optimally in helping human activities. But I haven't tried the AI in Bitget, so I don't really know much about it.

[tygeade]

If we are not new in trading, we will know if using a bot is beneficial for us or not. For starters, they should start manually or they can also read guides to know more about the thing that they are venturing. If the AI/bot of the exchange is well coded then it might attract lots of traders on using them. That should yield the exchange a maximum profit.

It's only up to the trader now if how can they make their trades more effective. The strategy should and analysis should still come from them. Trading platforms are just like a place or market to make the trade happen. Anyway, I believe that AI in crypto is not a game changer but it is only just a hype.

I am not entirely sure if that would happen or not. I am sure that some will try but I bet that not all of them will try the same thing. Think about it, if you are making a profit based on this, then why would you have any type of changes on the long run regarding what you are doing.

There are so many projects that end up working hard towards what they are doing, and this is why I believe that it's going to be a difficult job to make it work. So if you are binance and make billions a month, every single month, why would you want to risk that and put some AI in there? It could hurt you more than it helps you, and when you are already doing that well, there is really no reason why you should be doing any different things.

[passwordnow]

Game changer? I used to hear that a lot as a description but no way, these AI projects are not game changers. We're in a market that keeps on changing a lot every time a season dries off. And if something new comes out again, they'll say that it's another game changer and the cycle goes on until you'll get used to that term which will be used by more projects in the future. I am not even sure if there's going to be an end for these cycles because they just keep on coming and reinvents something new.

[Captain Corporate]

Considering that AI is on its infancy and already created this much hype, usually what kills any hype is that nothing improves. This is also not just about crypto, AI is in everything we do and its an important thing and that's a difference. However, even if we just think about crypto terms, we can say that things like DeFi and NFT and all that they just existed, stayed the same, didn't improve much and lost their hype because of that. Now that we are looking at the situation right now, we could say  that AI will keep on improving and being better, and that is why its not just another hype, its going to be something a lot bigger than what it is today because it will improve for sure.

[Hamza2424]

Hmm, First of all for the OP I had already posted my view/comment. Secondly, I was observing some sort of spam posting by a few users in the Trading section especially as OP had 3 back to back active topics with a -ve reputation.

Game changer? I used to hear that a lot as a description but no way, these AI projects are not game changers. We're in a market that keeps on changing a lot every time a season dries off. And if something new comes out again, they'll say that it's another game changer and the cycle goes on until you'll get used to that term which will be used by more projects in the future. I am not even sure if there's going to be an end for these cycles because they just keep on coming and reinvents something new.

Bro game changer can be because trading is not for everyone but Investment opportunities are widely available for everyone in the context if AI really gets proper implementation as always being on the same point what I had previously it really needs time, it can really change the game for those who want the passive income from the trading because AI will make way faster and effective technical analysis for the reading patterns will the piece of cake and etc luxuries the new ones can enjoy.

But the point is with the consequences when everyone will use Ai and bots they influence market emotion will get reep out which is one of the major consequences leading to a nonvolatile and sideways-moving market because there are bots and AI with the same behavior driving the market. So AI is good and ad in our ways but for now we don't need to are about it. On-time can discuss it in a more precise way.

[Natalim]

Considering that AI is on its infancy and already created this much hype, usually what kills any hype is that nothing improves. This is also not just about crypto, AI is in everything we do and its an important thing and that's a difference. However, even if we just think about crypto terms, we can say that things like DeFi and NFT and all that they just existed, stayed the same, didn't improve much and lost their hype because of that. Now that we are looking at the situation right now, we could say  that AI will keep on improving and being better, and that is why its not just another hype, its going to be something a lot bigger than what it is today because it will improve for sure.

I agree that AI is better than those projects before and it actually gains more interest knowing that AI is considered one of the used tools these days. I say it was a hype and a game-changer but despite the capability it has, we shouldn't have to be solely reliant on this as is still have some limitations for sure. However, as the development continues and their competition, we can expect better and better AI technology that can be applicable in all areas.

[TimeTeller]

Considering that AI is on its infancy and already created this much hype, usually what kills any hype is that nothing improves. This is also not just about crypto, AI is in everything we do and its an important thing and that's a difference. However, even if we just think about crypto terms, we can say that things like DeFi and NFT and all that they just existed, stayed the same, didn't improve much and lost their hype because of that. Now that we are looking at the situation right now, we could say  that AI will keep on improving and being better, and that is why its not just another hype, its going to be something a lot bigger than what it is today because it will improve for sure.

I agree that AI is better than those projects before and it actually gains more interest knowing that AI is considered one of the used tools these days. I say it was a hype and a game-changer but despite the capability it has, we shouldn't have to be solely reliant on this as is still have some limitations for sure. However, as the development continues and their competition, we can expect better and better AI technology that can be applicable in all areas.

Remember that it won't work on its own, it will still need human intervention as you still need to set them up.
Many people thought that once they integrate AI in their trading, it will work on their own and just collect profits.
So yes, many are mistaken on this idea because they have misconception when it comes to AI capabilities.
It may not be a hype but the current advancement in our technology, but to exhaust its potential, as I mentioned, it needs human programming.