If you had AI day trade bitcoin to make profits

[CODE200]

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.

Yes, trading bots have already been there for quite some time and there are several traders who actually used it as to their own advantage. And yes, trading bots are actually good if utilized properly because that is literally their purpose, and that is to help traders make better trades. But as what you have mentioned, it is a common mistake for trades, especially for beginners, to fully rely on it. As if they're just letting the bots decide for themselves. There is really nothing wrong using it, or even paying for it, but one thing that a trader cannot do is let trading bots or even AIs to be fully control on our trading matters. We can make it as our basis, but let them decide for us? I don't think that it is a great idea.

[synchronym]

If you want to trade Al with Bitcoin you need to have a lot of knowledge or else it will be very dangerous to trade Al with Bitcoin. As we all know trading Al with Bitcoin is very risky so it is better not to trade Al with Bitcoin. If we trade BTC we will get much more profit than we will get from trading Al.

[Bitcoin_people]

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

I think if you use AI in day trading, it may cause you loss, or cause profit, neither is sure. No human has ever traded using AI, and I don't think AI can ever make such accurate predictions. Moreover, if such methods are introduced in the market in the future, many people will use these AI methods, only for the purpose of making profit. But I know that day trading in crypto is never profitable using AI and they don't give completely correct advice. That's why if you ask ChatGTP about this, they will definitely tell you that they can't make such predictions with AI but ask you to invest for a long time. As trading is a risky system you need to be aware and do not trade until you have good experience. So you invest in Bitcoin for long term it will help you to reduce risk and give profit in future. And if you want to make money by day trading then do it on your own skill it will make you the best knowledge. Basically no one has done trading using this type of AI and it may not happen in the future so it is best to trade using your own strategies.

[DVlog]

There is no such AI that exists right now that i know of that can execute trades of its own. AI bots should have the ability to set their own rules based on ever changing market scenarios. It will learn from its previous mistake and create strategies based on that. Is there a bot that can do this? I don't think so. If i need to set the rules, strategy and everything else, then that is just an ordinary tool or automation that can help us trade. Calling something AI doesn't make it one.

If someone manages to create something that can work like that one day then i won't use that bot either. The human mind has the ability to do critical thinking and take precautions to save its assets. Sometimes experienced traders stop trading due to unfavorable market conditions. AI won't do anything like this as it will be created to take advantage of opportunities in every market movement and an unfavorable market condition can eat up all of your portfolio as AI won't have feelings like you that will warn them not to trade in this condition. AI might have many benefits but making financial decisions is not one of them.

[poodle63]

If you want to trade Al with Bitcoin you need to have a lot of knowledge or else it will be very dangerous to trade Al with Bitcoin. As we all know trading Al with Bitcoin is very risky so it is better not to trade Al with Bitcoin. If we trade BTC we will get much more profit than we will get from trading Al.

it should be trading BTC with AI not trading AI with BTC, completely different thing.
but honestly we still don't know how AI could fare well being used for trading, we all know some people out there that trades and automates it using bot with their own specific settings.
with AI, it can adjust with the market automatically based on given data, even better with massive trained data with billions of parameters it might be as good as veteran trader if not better.
I honestly anticipating some company out there to be developing such AI with such capabilities, it might be tremendous helps for those newbie trader that don't really bother learning about technical analysis at all.

[JunaidAzizi]

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

Well everyone is talking about the functions of AI bots in trading but no one can tell you the risk involved in it.

AI trading bot is good in day trading and can easily give you profits. It could easily trade for you, using the right strategy, and give you high profits without any hard work.

But keep in mind that an AI bot is a software-based technology that may any time affected by errors. It may be encountered by technical issues or software errors which cause you to lose.

The purpose of the bot is to see the signals and use the best strategy for it but as we know the crypto market is highly volatile so if the market suddenly fluctuates and the bot does not sense it or use in hurry uses the wrong strategy in then what would you do if it occurs, nothing, the result will be the loss.

If the user does the misuse of the bot it will also affect the performance of the bot.

Also using an AI bot can vulnerable you to hackers who can easily manipulate your trade and hack it.

[South Park]

If you want to trade Al with Bitcoin you need to have a lot of knowledge or else it will be very dangerous to trade Al with Bitcoin. As we all know trading Al with Bitcoin is very risky so it is better not to trade Al with Bitcoin. If we trade BTC we will get much more profit than we will get from trading Al.

it should be trading BTC with AI not trading AI with BTC, completely different thing.
but honestly we still don't know how AI could fare well being used for trading, we all know some people out there that trades and automates it using bot with their own specific settings.
with AI, it can adjust with the market automatically based on given data, even better with massive trained data with billions of parameters it might be as good as veteran trader if not better.
I honestly anticipating some company out there to be developing such AI with such capabilities, it might be tremendous helps for those newbie trader that don't really bother learning about technical analysis at all.

I am pretty sure this has already be done many times by trading firms all over the world, after all during the last decades the ones that have won the Nobel prize for economics are not economists but mathematicians and physicists, so there is a massive demand for them in Wall Street, then it would not surprise me at all if an AI which can trade the markets has existed for decades already, it is just that now with the noise generated by ChatGPT regular people are now more interested in the topic than ever.

[Assface16678]

If you want to trade Al with Bitcoin you need to have a lot of knowledge or else it will be very dangerous to trade Al with Bitcoin. As we all know trading Al with Bitcoin is very risky so it is better not to trade Al with Bitcoin. If we trade BTC we will get much more profit than we will get from trading Al.

You just repeated what the others say, and in fact, your statement is only on loop, meaning everything you've said is the same. I don't know if you know what you're saying; I think you just copy what the others say and say it many times with a different approach. If you don't know what the topic is, then don't post at all.

Anyway, to answer the question, I guess trading using AI or AI trading in bitcoin is still not realiable. I mean, there are trading bots out there, but it is not proven that they can always give profit, or, let's say, there is still a large margin that trading using AI will fail or result in profit loss. Let's put it simply: AI trading will trade based on the information inputted or programmed into the AI, and as we know, the bitcoin price is volatile, which means it can move differently each second, minute, hour, or within the day, so there is no definite pattern. And as AI relies on its data, if the AI doesn't recognise the price movement and other patterns, indicators, and analyses, then it will not function well; it will not do trades that will guarantee a profit.

I guess relying on AI trading is still not a good idea, unless someone could develop a robot to efficiently trade at any time and in any situation.

[Bushdark]

If you want to trade Al with Bitcoin you need to have a lot of knowledge or else it will be very dangerous to trade Al with Bitcoin. As we all know trading Al with Bitcoin is very risky so it is better not to trade Al with Bitcoin. If we trade BTC we will get much more profit than we will get from trading Al.

I don't really understand what op means by trading AI with Bitcoin. Mqybe he's trying to say that using artificial intelligence to predict the price of Bitcoin like using a bot. Using AI bot to trade the financial market is not a new thing in this era that we are. There are people that are making sufficient profits from using bot 5o trade the crypto market even without having any idea about the market. Op will need to learn how to use artificial intelligence to trade the market which he can get videos online or buy AI bots from online stores.

[Habiba Akter]

Still now i never used AI trading because i,m a gentle man and i believe trading signals from telegram channels or others source.

[God bless u]

Bitcoin is not a risky asset so don't use AI technology to make it risky. I think instead of bitcoin trading one should save his bitcoin because investment is more profitable than trading. In trading you will be afraid of lossing money due to less time available for decision making whereas in investment its up to you that when you want to sell to take benefit.

You will be familiar about the use before using AI trade and bitcoin is expensive asset if one command become wrong then your whole money will be at risk. Personal trade will be better because you will learn all the mechanism well and human have the ability to change decision according to the situations but AI trade will do what you have set to do.

[R100K-Martin-Lunger]

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

I guess I'll have to tell you my story. I'm a seasoned crypto investor and a Bitcoin HODLer

When I started putting my money into crypto years ago, I didn't like the fact that the market was so volatile and things could change drastically and quickly. Of course, Bitcoin (which has been - and will always be - my primary coin) became my safe bet. We all learned it was the best crypto asset to invest in - especially long-term where it continues to make gains (despite the wild plummets after its crazy bull runs). With time, I have no doubt it'll hit the $100K mark (and then go even higher).

But then I started thinking there should be a better way to make more profits with my investment than just waiting for Bitcoin to climb over years.

AI was becoming a thing and so I decided to day trade with it. I learned all I could and went for it. And lost a lot of money

So I'm not a fan of day-trading Bitcoin generally or scalping it with AI, etc.

What I came to realize a few years back was how I could implement AI effectively in crypto investing. So some friends and I started training a specialized AI on crypto data. The community I recently launched now uses this AI to identify break-out coins before the event happens (along with other potential events that affect certain coins more than others).

We don't let the AI run wild. In fact, I have experienced traders supervising the AI and its recommendations. These professionals call the shots on which potential trades to take and which recommendations to ignore.

The AI has maintained an average 2.43x higher gains than Bitcoin in months of testing before we launched. Since then, we've made 10% higher gains than Bitcoin for our community.