If you had AI day trade bitcoin to make profits

[shinratensei_]

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.

I don't think its that risky honestly, AI is good enough to know how to make technical analysis, feed it with enough information you got same capabilities as human in term of trades.
after all its not just mere bot, its quite different, AI as its name stands, are more advanced and human like intelligence which is artificial in this case could even compete with human if not better.
thats why trading with AI might be effective.
but there's so far no proof yet, we're still waiting until research and implementation of this thing done by big companies then we will see.

[South Park]

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.

I don't think its that risky honestly, AI is good enough to know how to make technical analysis, feed it with enough information you got same capabilities as human in term of trades.
after all its not just mere bot, its quite different, AI as its name stands, are more advanced and human like intelligence which is artificial in this case could even compete with human if not better.
thats why trading with AI might be effective.
but there's so far no proof yet, we're still waiting until research and implementation of this thing done by big companies then we will see.

And we will probably never see it, when it comes to other forms of AI the companies behind it need to input of people in order to train it, that is why they go public and they even offer their services for free, however a trading bot only needs the data you can find on the markets in order to train itself, and that is information that can be bought at a cheap price, so we are not needed in the process of creating such an AI and as such we will most likely never get to see how good those AIs can be other than to watch trading firms getting even richer.

[Ben Barubal]

    I don't use AI trading because I prefer to be the one doing the actual trading myself so that I can learn faster and figure out a strategy on what to do about when I should and should not buy or sell crypto that I have.

   In this way, I will know if I have learned something or not, compared to relying on AI for the trading activity I will do here. Then there is also a risk; that's where I'm at risk because I'm the one doing the actual thing instead of the AI you're talking about.

[crazy72]

If you are interested , check this one.
https://imgur.com/a/sypNNLt

Not bad in 4-5 days. It's also true that we are in bull trend for BTC, so we have to check how the system is working in a bear trend.

in any case, if you want to register through my referral is appreciated and it will give yo uthe possibility to have the scalper bot too.
https://app.hodlie.finance/signup?ref=RLPAVD31B

This is the AI applied to the trading in a simplified way. Don't expect tons of exchanges, cryptocurrencies and so on.

You select your risk appetite, allocate the money you want to invest and that's it.


Crazy

[taufik123]

    I don't use AI trading because I prefer to be the one doing the actual trading myself so that I can learn faster and figure out a strategy on what to do about when I should and should not buy or sell crypto that I have.

   In this way, I will know if I have learned something or not, compared to relying on AI for the trading activity I will do here. Then there is also a risk; that's where I'm at risk because I'm the one doing the actual thing instead of the AI you're talking about.

That's a good thought, it's better to learn trading manually without using AI, so that you know how trading works and how analysis is done.

But if you already know everything, AI is used as an assistant that will help you trade more easily. A little eliminates the trading emotions that are usually the weak point for every trader.
There are many trading AIs that provide powerful performance with smarter predictions and some more detailed technical analysis processing.

I am still learning about this AI that provides many advantages.
Now is the era where all-digital and all-AI jobs are in vogue.
Utilizing the sophistication of technology for trading will be profitable, but as long as you have the basic knowledge that is certain.

[Xampeuu]

    I don't use AI trading because I prefer to be the one doing the actual trading myself so that I can learn faster and figure out a strategy on what to do about when I should and should not buy or sell crypto that I have.

   In this way, I will know if I have learned something or not, compared to relying on AI for the trading activity I will do here. Then there is also a risk; that's where I'm at risk because I'm the one doing the actual thing instead of the AI you're talking about.

That's a good thought, it's better to learn trading manually without using AI, so that you know how trading works and how analysis is done.

But if you already know everything, AI is used as an assistant that will help you trade more easily. A little eliminates the trading emotions that are usually the weak point for every trader.
There are many trading AIs that provide powerful performance with smarter predictions and some more detailed technical analysis processing.

I am still learning about this AI that provides many advantages.
Now is the era where all-digital and all-AI jobs are in vogue.
Utilizing the sophistication of technology for trading will be profitable, but as long as you have the basic knowledge that is certain.

As long as we can use AI correctly then this can help our trading, but it will be better if we have mastered manual trading so that we can regulate the use of AI well, so that AI can help trading according to its portion. However, what is happening now is that beginners prefer to use AI even though they don't know the science of trading, let alone believe that trading will make it easy to make money, that kind of mindset should be avoided.

[taufik123]

-snip-
However, what is happening now is that beginners prefer to use AI even though they don't know the science of trading, let alone believe that trading will make it easy to make money, that kind of mindset should be avoided.

No matter how sophisticated the technology is, if the user does not know the benchmark of the technology then it is useless.
Those who only use AI bots without basic knowledge will be confused about how to do the initial setup so that the AI bot runs as desired.

Not only that, trade management is one of the strategies that determine the success of trading.
The use of AI bots without good management will not be able to maximize profits.

[South Park]

-snip-
However, what is happening now is that beginners prefer to use AI even though they don't know the science of trading, let alone believe that trading will make it easy to make money, that kind of mindset should be avoided.

No matter how sophisticated the technology is, if the user does not know the benchmark of the technology then it is useless.
Those who only use AI bots without basic knowledge will be confused about how to do the initial setup so that the AI bot runs as desired.

Not only that, trade management is one of the strategies that determine the success of trading.
The use of AI bots without good management will not be able to maximize profits.

That is what those people do not see, since computers were created different challenges had to be overcome to get where we are, and one of the earliest pieces of software programmers wanted to create was an AI which played chess at a high enough level that it could beat a champion, however since the programmers were not expert chess players they simply did the most logical step, which was to hire some of the best chess players and improve their algorithms until they finally achieved this goal, so if someone thinks that they can get access to an AI like that and make a fortune they are wrong, as they will need to be expert traders themselves in order to understand how the AI works at all.

[nurilham]

So If I am not wrong, you are asking about an AI which do day trading for you and get you profits? So how are you so sure at the first place that it will only be a profit? Why there's no chance of loss in your trading logic?

Yes, he is expecting to have AI tools for day trading. But I'm not sure AI can solve the problem of losses, there should be a chance for losses. Moreover, it is AI, AI won't be ever smarter than human. Trading is a complicated thing, even human requires a lot of knowledge to it properly. I doubt if AI can take the job properly, it is a dynamic activity.

I don't use AI trading because I prefer to be the one doing the actual trading myself so that I can learn faster and figure out a strategy on what to do about when I should and should not buy or sell crypto that I have.

You don't need to use AI. I myself never use AI for my activity, specifically for trading. If we trust our ability, why we must need a help of AI. 

[taufik123]

-snip-
so if someone thinks that they can get access to an AI like that and make a fortune they are wrong, as they will need to be expert traders themselves in order to understand how the AI works at all.

But in fact, many do this, many beginners use BOT AI without having basic trading knowledge.
What they expect is instant profit without thinking about using BOT AI, even though trading knowledge is needed to manage several strategies that will be applied to BOT AI.

To achieve consistent profit it will not be easy, in addition to the strategies that need to be applied properly, the capital used must also support.
Capital that is not managed properly will not provide trading stability despite using BOT AI.

You don't need to use AI. I myself never use AI for my activity, specifically for trading. If we trust our ability, why we must need a help of AI. 

Actually, it's not that they don't believe in their own abilities, but the use of AI for those who are professionals is only as optional support or as an assistant when they cannot interact intensely in the market.

AI is only an assistant who will manage trades according to the strategy that has been set before.
So AI still requires settings from the person doing the trading, not fully automatic do it yourself, of course, there must be control.

[mirakal]

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.

Using AI can be reliable at some point but only to those who are skillful and knowledgeable in trading. Because it actually takes a good trader so he can also excel in trading using AI. However, I don't see this will work on the newbies in trading. I suggest that they focus more on manual trading as its more beneficial for them to further their experience and hone their skills in trading. Otherwise, if they rely on trading using AI, its like they only trade like gambling, trading without the potentials of a real trader.

However, let's not close the idea that AI trading can still be profitable for some traders, most likely the pros in trading. Since it is introduced in the market, then most likely it can also be helpful at some point but let's not forget that the best way to be successful in trading is to develop your own potentials and create more experience that will hone your skills and strategies in trading.

[boyptc]

Trading bots have been there even before the popularity and launch of AI tools and chat gpt. The decision will still depend on you and it is not the AI that shall trade for you.

It may not that be far that there will be the time that AIs will trade for us because they have no emotions. Unlike us, we're too emotional and we're very sensitive with little loss that we make and even with taking profits.

[cryptobeestrategy]

I have developed a strategy on TradingView using its Pine Script programming system. Obviously, it's not an AI that generates high profits. I have been testing it for a month, and it's providing a very good success rate. Here is the backtest from 2020 to 2023, along with a comparison with my trades made over the last 30 days. https://docs.google.com/spreadsheets/d/1TCRy0wyyBBvGvz8p2wEyB2RcslsJvZ9eN0gGrHWJOjo/edit?usp=sharing

[Out of mind]

If AI day trading can be used, then of course I would use it only for profit purposes. And if the development of this AI day trading is fully operational and can accurately make a prediction, then the market will definitely sell at a good price. Probably this type of AI is doing a lot of work for day trading and if it is right then traders will definitely benefit a lot. And if this method is introduced in the market, it will definitely get a lot of demand and traders will start trading using it. Moreover, if it shows any loss along with profit then it must not be used in the market, and it will be completely misused by people, and if successful then everyone will use it and make good profit in day trading.

[noorman0]

-snip-
It may not that be far that there will be the time that AIs will trade for us because they have no emotions. Unlike us, we're too emotional and we're very sensitive with little loss that we make and even with taking profits.

And AI also has no responsibility for returning the funds they spend.

I don't think AI machines have any doubts about the analysis it produce, so it can behave more impulsively than human traders. I only recommend using AI as long as you monitor it activities.

[boyptc]

-snip-
It may not that be far that there will be the time that AIs will trade for us because they have no emotions. Unlike us, we're too emotional and we're very sensitive with little loss that we make and even with taking profits.

And AI also has no responsibility for returning the funds they spend.

I don't think AI machines have any doubts about the analysis it produce, so it can behave more impulsively than human traders. I only recommend using AI as long as you monitor it activities.

There is also no guarantee on this world especially in trading.

I think even with the intervention of AIs, it's still going to depend on how you trade and not the AI itself because its dependence will still be on you.

That's why even if there will be the emergence of AI in trading, the AI that actually trades for us, I don't think that I'll be dependent on it.

[macson]

How would one do so efficiently? I am very interested.

i have never tried trading with AI bots, even though there are many people who say gunbots are quite good, but i'm not so sure, there is also a trader who claims to have made an AI ^(custom) with his own concept and strategy, however, this is what you have to do before starting trading with AI, you need to deepen your own knowledge of Bitcoin and the basics of trading, AI is just a tool to make trading easier for you, don't be too dependent on it, you must still have absolute decisions about the final results of your trading.

[GiftedMAN]

Trading bots have been there even before the popularity and launch of AI tools and chat gpt. The decision will still depend on you and it is not the AI that shall trade for you.

It may not that be far that there will be the time that AIs will trade for us because they have no emotions. Unlike us, we're too emotional and we're very sensitive with little loss that we make and even with taking profits.

Artificial intelligence can be very useful in some certain aspects but that should not determine how we intend to trade in the market. We need to get a solid skill in trading for us to get more about what we are supposed to do and equip ourselves with the necessary tools that will keep us going.
Trading is more of skill and the knowledge we have gained in the market and not just about using tools to determine our trades in the market. The market is big and volatile enough to swallow our profits, that is why we need to be wise and make a good decisions as a trader.

[TelolettOm]

How would one do so efficiently? I am very interested.

The more you understand about crypto and trading management, the better you will be at optimizing AI trading. However, if you only rely on AI trading bots or applications for your trading activities, be prepared that you will not be able to get optimal profits, or even lose money.

because after all, AI trading is our tool to support smooth trading, sustainability, and also several things related to analysis and implementation. But that doesn't mean that 100% of everything can be done by AI trading. We, as owners, are also obliged to have prior knowledge about all of this. So that we don't just set it up, but really understand what has to be done so that the tool is optimally able to help us get gains.

[BitcoinTurk]

How would one do so efficiently? I am very interested.

I definitely don't prefer to trade cryptocurrencies analyzed by AI without technically analyzing them myself. Yes, according to its working logic AI can make very fast and good predictions or analysis but it shouldn't be forgotten that none of the AI's can produce perfect answers in today's conditions. AI, which obtains new information with the information provided to it just like a human doesn't yet have the capacity to make a completely reliable analysis. Moreover, as its popularity increases today many AI states that they cannot provide direct financial analysis and recommendations but it is also possible to obtain these analyzes indirectly.

To trade with AI analysis, I think the investment or trade advice offered by the AI should definitely be analyzed well and traded that way if it makes sense. When trading cryptocurrencies, everyone is responsible for controlling their own capital and should never be traded with the advice of an AI or person. It is always necessary to analyze the results obtained in more detail and then take action.