Time to invest AI coins?

[jaberwock]

I'm not really interested in AI coin, because it's only temporary hype, therefore instead of investing in AI coin, it's better for you to invest in BTC, ETH or BNB, because currently the price of BTC, ETH or BNB is being corrected and this your opportunity to buy BTC, ETH or BNB and hold it until the next bullrun, because I'm sure when the bullrun occurs, then the price of BTC, ETH or BNB will definitely increase very high and give you a big profit.

The hype might be temporary but a unique AI project related to crypto can stay longer in the space so they can be worthy to include in our portfolio. Our primary asset or the base of our portfolio is still Bitcoin and maybe some other alts that you said there. We should only invest on the newer trends if we have an extra budget.

I don't think it's a correction that hit the top coins because they dump harder last time. While the hype around AI have also fallen down, so the value of the AI coins are now in their normal state. This is a good time to invest on both types of coins. I believe that when the bull run occurs unique AI projects are going to be lifted too.

[shinratensei_]

It's kinda risky but we have always seen early adopter of any new trend drawing good profit and we have witnesses similar trend for meme coins and NFT when they were new but the sad reality is that it doesn't last as it starts slowing don't once new technology arrives, if you are purely looking for returns then go for it and ensure you cash out at th right time as I wouldn't suggest to bet on it for longer period of time.

I could feel that its gonna be entirely different scenario compared with NFT.
these AI coins as far as I know have been emerging for quite sometime, some of them even well established from years ago so can't really become early adopters nowadays.
moreover many of these AI coins actually are just rather gimmicky in term of utility.
you might try to find real gems of AI that have coins but most of them honestly just trying to take advantage of trends.

[fmz89]

many people said there is only hype behind AI coin without any real interaction AI to blockchain for those called AI coins,
FET specially binance ico that failed from day one till AI takes the stage. without any real proper utilize. these hype already passed on, like AI videos/content began to fade away from spotlight,
while gaming industry now taking really usefull stuf from implementing AI to procedural generated Map, really help for next metaverse game to build virtual world without manual placement

[RussianEnglishTranslation]

Ico, ieo, defi, meme, nft and so many altcoin trend came,  created hype and then end. I notice, when a new trend start, then trend Related new altcoins are getting lots of investor and become profitable! And seeing such success ratio, scammers also launch their token and destroy the trend and hype with scam. Now Ai coins are in trend. FET, AGIX and OCEAN are suppose to be good for investment. What do you Think? Time to invest AI coins or you avoid?

The marketcap for these is too large, I prefer Bird, it's AI and an oracle. I also think DAOs are an AI play. Not many people realize it but in the future, DAOs will manage and profit from the work AI does. That's why I'm bullish on Q Blockchain.

[rwishmila]

Ico, ieo, defi, meme, nft and so many altcoin trend came,  created hype and then end. I notice, when a new trend start, then trend Related new altcoins are getting lots of investor and become profitable! And seeing such success ratio, scammers also launch their token and destroy the trend and hype with scam. Now Ai coins are in trend. FET, AGIX and OCEAN are suppose to be good for investment. What do you Think? Time to invest AI coins or you avoid?

It's always good to see that the newest technologies get involved in the use cases of new projects. What I personally believe is all the projects should have saved space for upcoming technologies so that they can keep upgrading for good. However, it doesn't change the fact that not all projects bear fruits, there could always be shit projects. Calculated risks, thorough fundamental analysis, etc. can help manage the risks involved with investing in any project.

[savetheFORUM]

It's kinda risky but we have always seen early adopter of any new trend drawing good profit and we have witnesses similar trend for meme coins and NFT when they were new but the sad reality is that it doesn't last as it starts slowing don't once new technology arrives, if you are purely looking for returns then go for it and ensure you cash out at th right time as I wouldn't suggest to bet on it for longer period of time.

I could feel that its gonna be entirely different scenario compared with NFT.
these AI coins as far as I know have been emerging for quite sometime, some of them even well established from years ago so can't really become early adopters nowadays.
moreover many of these AI coins actually are just rather gimmicky in term of utility.
you might try to find real gems of AI that have coins but most of them honestly just trying to take advantage of trends.

That will always happen, whenever there is a trend, and if that trend is popular because of a good project or something just like how AI got so much popularity because of projects, especially ChatGPT which got significant success in a very short period of time, but apart from such good projects, there will always be some projects that will simply use the name of the trend to get some hype or popularity because people will see the name and get into it.

This thing has happened all the time, if NFTs were popular, a lot of projects used the name and scammed a lot of people, this is still happening, and the same thing is true with AI, there might be some good projects but there will be a lot of fake ones as well which are just using the name and aren't providing any use case or utility related to AI.

[ShinyStarPrincess]

Ico, ieo, defi, meme, nft and so many altcoin trend came,  created hype and then end. I notice, when a new trend start, then trend Related new altcoins are getting lots of investor and become profitable! And seeing such success ratio, scammers also launch their token and destroy the trend and hype with scam. Now Ai coins are in trend. FET, AGIX and OCEAN are suppose to be good for investment. What do you Think? Time to invest AI coins or you avoid?

My best bet is $TAO from Bittensor project!!

[jossiel]

It's always good to see that the newest technologies get involved in the use cases of new projects. What I personally believe is all the projects should have saved space for upcoming technologies so that they can keep upgrading for good. However, it doesn't change the fact that not all projects bear fruits, there could always be shit projects. Calculated risks, thorough fundamental analysis, etc. can help manage the risks involved with investing in any project.

You have just said it right.

Many are intriguing and interesting projects whether they are AI related niche projects or not. What matters most is how you're choosing a project being an investor.

These projects will always be there and you'll just need to make your own decisions rightly and thoroughly. Apart from that, it is your money that should be invested well.

[Sebas.tian]

I saw another such topic in alternative discussion, but let's talk here. We all know that AI is going to create revolution in the future. But according to the current situation, I think there is a lot of hype about AI coins. So investing in these coins is very risky in the current situation. But those who do day trading and understand technical analysis well can gain good profit here through short term trading.

 But it will be difficult for long term traders to achieve something good from their investment because those altcoins are not good for long term, and those altcoins can cause someone to lose everything in that period. But if you can embrace Solana in this season to invest, I think you will gain something from your short term trading because many traders are still making progress through that strategy but is not good for long term traders. There is no way you will invest in a potential altcoins and regret from your decision, because there are some altcoins you will invest in this bearish market and before the end of next month you will begin to see some positive changes in your trading that will make you believe in potential altcoins.

[wxa7115]

That will always happen, whenever there is a trend, and if that trend is popular because of a good project or something just like how AI got so much popularity because of projects, especially ChatGPT which got significant success in a very short period of time, but apart from such good projects, there will always be some projects that will simply use the name of the trend to get some hype or popularity because people will see the name and get into it.

This thing has happened all the time, if NFTs were popular, a lot of projects used the name and scammed a lot of people, this is still happening, and the same thing is true with AI, there might be some good projects but there will be a lot of fake ones as well which are just using the name and aren't providing any use case or utility related to AI.

Investors need to be incredibly careful when trying to follow those kind of trends, as the reason there was a rush to invest in AI projects was because of the release of ChatGPT, but ChatGPT unlike bitcoin or ethereum is not a project which originated from this market and it is instead completely independent from it.

So those AI coins do not really have any kind of high potential and they are just riding the coattails of ChatGPT, and we can prove this is true as AI coins have been around for a long time and they barely made any noise until right now.

[bayu7adi]

I believe the hype around AI is nearing its culmination, as it has been nearly a year since its emergence. AI gained popularity with the release of ChatGPT, and subsequently, many individuals experimented with various AI systems employing diverse mechanisms.

https://coinmarketcap.com/id/view/ai-big-data/

Based on this data, it's evident that AI and Big Data tokens are currently experiencing a decline in transaction volume and prices. Therefore, it's entirely reasonable for me to assert that the cryptocurrency industry's AI sector is entering the late stages of its hype cycle.

[Teraboy]

although AI coin might seem promising since it utilize AI thats currently very hot around the globe, but I don't think we've seena ny good AI coming from cryptocurrency yet.
if someone know, could I find AI that gives good product like openAI and even many other AI though? most I see is just having AI name but have unclear utilisation.

[wxa7115]

although AI coin might seem promising since it utilize AI thats currently very hot around the globe, but I don't think we've seena ny good AI coming from cryptocurrency yet.
if someone know, could I find AI that gives good product like openAI and even many other AI though? most I see is just having AI name but have unclear utilisation.

That is because those coins are nothing but hype, I have yet to see a single AI coin that does something unique that you cannot see in another platform without the need to buy their token.

And in that case why would any person invest in those coins? The only reason left is to use those coins just to speculate with them, but in that case you have thousands of coins which can perform the same function as well and given enough time those other coins could generate way more hype than AI coins.

[killerfrost]

Ico, ieo, defi, meme, nft and so many altcoin trend came,  created hype and then end. I notice, when a new trend start, then trend Related new altcoins are getting lots of investor and become profitable! And seeing such success ratio, scammers also launch their token and destroy the trend and hype with scam. Now Ai coins are in trend. FET, AGIX and OCEAN are suppose to be good for investment. What do you Think? Time to invest AI coins or you avoid?

Anyway, this is an area that promises a lot in human life, not just in the crypto market. When a trend appears, the hype will happen and it will increase even more than we see in bull market periods, but we also need to improve our skills to avoid FOMO according to these methods trends or low quality projects.
The current time is also a quite sensitive period to talk about board with AI, but I think it will take a little more time to clearly determine the upcoming trend, perhaps by the end of 2023 will see more clearly.

[jaberwock]

I believe the hype around AI is nearing its culmination, as it has been nearly a year since its emergence. AI gained popularity with the release of ChatGPT, and subsequently, many individuals experimented with various AI systems employing diverse mechanisms.

https://coinmarketcap.com/id/view/ai-big-data/

Based on this data, it's evident that AI and Big Data tokens are currently experiencing a decline in transaction volume and prices. Therefore, it's entirely reasonable for me to assert that the cryptocurrency industry's AI sector is entering the late stages of its hype cycle.

Based on that we could still say that they have a long way to go. This is a tech one and not just a hype one and that means that it needs to improve a lot on the tech side before it could get better. Some of them are not really even AI and they are ranked high up, they are just tokens that people promoted a lot, simply high due to marketing and will go down. So that is why we should be careful about it.

I believe that we are going to end up with something that should be important to promote, and that means we are going to end up with something that should be easier to handle on the long run as well. I get that it s not going to be easy to handle, but we could make it work one way or another in the end if we know what we are doing.

[bayu7adi]

Based on that we could still say that they have a long way to go. This is a tech one and not just a hype one and that means that it needs to improve a lot on the tech side before it could get better.

Continuous improvement is ongoing for their product, and this mirrors the current state of the altcoin world. In this landscape, each project undertaken struggles to compete with well-established non-cryptocurrency private ventures that have already dominated the market. The presence of AI in the cryptocurrency realm is not yet robust enough to contend with giant companies like Google, OpenAI, and the like. I believe that AI token-based products still heavily rely on a community of coin enthusiasts, whose ecosystem is still below the global standard.

I apologize for being quite realistic, but given the numerous token-based projects that have failed, I remain fond of cryptocurrency. However, I am yet to make the transition from larger corporations with more attractive roadmaps and higher chances of success.

AI's longevity in the global industry (by big company) is undeniable, but when it comes to the cryptocurrency sector, will it truly stand the test of time? I'm uncertain about that.

[milewilda]

I believe the hype around AI is nearing its culmination, as it has been nearly a year since its emergence. AI gained popularity with the release of ChatGPT, and subsequently, many individuals experimented with various AI systems employing diverse mechanisms.

https://coinmarketcap.com/id/view/ai-big-data/

Based on this data, it's evident that AI and Big Data tokens are currently experiencing a decline in transaction volume and prices. Therefore, it's entirely reasonable for me to assert that the cryptocurrency industry's AI sector is entering the late stages of its hype cycle.

Based on that we could still say that they have a long way to go. This is a tech one and not just a hype one and that means that it needs to improve a lot on the tech side before it could get better. Some of them are not really even AI and they are ranked high up, they are just tokens that people promoted a lot, simply high due to marketing and will go down. So that is why we should be careful about it.

I believe that we are going to end up with something that should be important to promote, and that means we are going to end up with something that should be easier to handle on the long run as well. I get that it s not going to be easy to handle, but we could make it work one way or another in the end if we know what we are doing.

Everything do really takes time to be fully developed but we have seen on how that ChatGPT did succeed on this field. I dont know if they do have that dedicated coin or token that existed on the market but as far as im aware then there's none or i had just missed it out. We have seen that on the time that AI did make out some hype then we cant really be able to see that there are really tons of AI related projects that pop out
like mushrooms on which its not really that shocking anymore because whenever there's a trend or new hype then expect that those shit developers would really be creating those shit coins basing up
with that niche.

Ico, ieo, defi, meme, nft and so many altcoin trend came,  created hype and then end. I notice, when a new trend start, then trend Related new altcoins are getting lots of investor and become profitable! And seeing such success ratio, scammers also launch their token and destroy the trend and hype with scam. Now Ai coins are in trend. FET, AGIX and OCEAN are suppose to be good for investment. What do you Think? Time to invest AI coins or you avoid?

Anyway, this is an area that promises a lot in human life, not just in the crypto market. When a trend appears, the hype will happen and it will increase even more than we see in bull market periods, but we also need to improve our skills to avoid FOMO according to these methods trends or low quality projects.
The current time is also a quite sensitive period to talk about board with AI, but I think it will take a little more time to clearly determine the upcoming trend, perhaps by the end of 2023 will see more clearly.

This is the main key on here on which you shouldn't really be making yourself getting FOMO'ed if you do really like on making  yourself
not to lose up your investment so easily. Dont jump in without proper research on the project that you are spotting in because just like been said above that
whenever there's a trend then expect that follow up shit coins in the market is already trying out to be launch or flooding the market.

[kawetsriyanto]

Ico, ieo, defi, meme, nft and so many altcoin trend came,  created hype and then end. I notice, when a new trend start, then trend Related new altcoins are getting lots of investor and become profitable! And seeing such success ratio, scammers also launch their token and destroy the trend and hype with scam. Now Ai coins are in trend. FET, AGIX and OCEAN are suppose to be good for investment. What do you Think? Time to invest AI coins or you avoid?

The trend/hype of AI coins isn't so different with the trend/hype in the coins of ICO, DEFI, IEO, MEME, or NFT. That trend/hype won't last a long time, it is just hyped temporarily and it well end soon. I think it is only hype as long as Elon Musk and several top companies in the world are developing the AI technology. But when they are no longer developing AI technology, the hype of AI projects seem to be over. Also, we have many bad AI projects/coins, it is just the way of scammers to steal people's money. So, be careful to choose AI coins! TBH, I prefer to choose top coins with strong fundamentals such as ETH, BNB, ADA, SOL, MATIC, DOT, or TRON. These coins have been proven to stay as reputable coins for many years.

[Kelvinid]

Ico, ieo, defi, meme, nft and so many altcoin trend came,  created hype and then end. I notice, when a new trend start, then trend Related new altcoins are getting lots of investor and become profitable! And seeing such success ratio, scammers also launch their token and destroy the trend and hype with scam. Now Ai coins are in trend. FET, AGIX and OCEAN are suppose to be good for investment. What do you Think? Time to invest AI coins or you avoid?

I won't say they are not good investments but must take caution with them and never hold these coins longer if ever you invested. Because you are right, they will never stay long but end up shortly. This is a big problem in hyped projects and holding them could be a reason for our losses as well that is why we must sell them before the hype is over. Yes, we can't simply ignore scam project a reason why research really matter before investing with them.

[wxa7115]

Ico, ieo, defi, meme, nft and so many altcoin trend came,  created hype and then end. I notice, when a new trend start, then trend Related new altcoins are getting lots of investor and become profitable! And seeing such success ratio, scammers also launch their token and destroy the trend and hype with scam. Now Ai coins are in trend. FET, AGIX and OCEAN are suppose to be good for investment. What do you Think? Time to invest AI coins or you avoid?

I won't say they are not good investments but must take caution with them and never hold these coins longer if ever you invested. Because you are right, they will never stay long but end up shortly. This is a big problem in hyped projects and holding them could be a reason for our losses as well that is why we must sell them before the hype is over. Yes, we can't simply ignore scam project a reason why research really matter before investing with them.

Unless you are one of the first persons to become part of the hype, the chances you will make money this way are not very high.

Because by the time you hear about a new type of coin being hyped several projects would have skyrocketed already, and the majority of those projects which will be available for you will be the projects created by scammers, now even then those projects could still give you profits as the hype is still strong, but once people realize only the developers are making money and the success stories drop to zero, then the interest on those coins will also drop in a considerable way and most likely it will never recover.