If you had AI day trade bitcoin to make profits

[South Park]

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.

[Vaculin]

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.

[Russlenat]

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.

[Woodie]

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!!

[South Park]

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.

[gunhell16]

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.

[Kelvinid]

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.

[CODE200]

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.

[Viscore]

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.

[Distinctin]

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.

[panganib999]

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.

[usekevin]

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.

[shinratensei_]

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.

[benalexis12]

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?

[South Park]

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.

[Sanitough]

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.

[Quidat]

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.

[bittick]

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.

[South Park]

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.

[Finestream]

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.