How much human supervision do you believe AI needs for crypto trading?

[R100K-Martin-Lunger]

I know my answer but I'm just trying to figure out where you guys stand on AI and crypto trading. The usual argument against AI is it can't make nuanced decisions - at least for now. But how much supervision do you think sophisticated bots require to make trading decisions effectively? And how long do you think it'll take to get to the point where AI doesn't need that supervision?

[1715174549]

1715174549

[Lakai01]

[...]
And how long do you think it'll take to get to the point where AI doesn't need that supervision?

As a rule, AI no longer needs supervision even now. There was a very interesting experiment on this ... an AI was trained to shoot down airplanes under the guidance of a supervisor. After the training phase, the AI was asked what it would do first to improve. Its answer: "Kill the supervisor"

To be honest, I also don't understand what AI is supposed to do in the trading sector:

• Most of the data is very outdated
• AI cannot predict the future ...
• ...If it does, bots will exploit this so quickly that it will once again just be a question of who programs the fastest bot - as is already the case with arbitrage trading.

[Dr.Bitcoin_Strange]

There's a bot on some CEX that doesn't actually make the trading decision, but rather you have to configure the bot on which price it should buy a coin of your choice, and you are also to add the amount that is to be spent in the trade. I have not seen any bots make more successful trades while trading on leverage. If you can't have a bot that does the job better than a human, then you don't have to rely on a bot. The cryptocurrency market is just so unpredictable, and even with the tools that traders use to analyze the market, they have not been able to know every direction of the market. Unless a bot is designed to make accurate predictions of the market movement, it will not be able to make very successful trades at all time.

[retreat]

I don't know why people want to make AI the one controlling their trading. Because as far as I know, AI is not as intelligent as people say, it is just code written by intelligent people who can process information and provide results according to their analysis. So the results offered by AI are based on the limited information it receives. While not all information is available online, there are sources of information that cannot be accessed by AI, trader experience, technical analysis, and other factors that make individual trading much better than what AI can offer.
But maybe it would be no problem to use AI as a trading assistant, either to remind you to enter the market, to make deposits, and other things related to trading.

[mk4]

A lot? I personally don't use trading bots and definitely not AI for trading, but I don't think it'll be that far off. Traders are just going to use AI as a supplementary tool — not necessarily something to make independent decisions.

[yhiaali3]

I expect that it will take more time, at least 10 years, for humans to be able to create AI capable of making trading decisions with great effectiveness and close to accuracy.

Although I personally do not believe that there can be 100% accurate trading decisions, whether from humans or AI, because there are many factors that can suddenly change the market and mix the cards so that it becomes very difficult to predict the market accurately.

However, AI is developing so rapidly that it will become a great competitor to humans and may surpass it by several stages.

[ZAINmalik75]

I know my answer but I'm just trying to figure out where you guys stand on AI and crypto trading. The usual argument against AI is it can't make nuanced decisions - at least for now. But how much supervision do you think sophisticated bots require to make trading decisions effectively? And how long do you think it'll take to get to the point where AI doesn't need that supervision?

I am not an expert trader so I will not expect some top-level analysis or profit-making technique from AI bots that I can recognize as a legit one. If I had some basic knowledge which I have then I might judge the results of AI bots, or AI chats that help us to make a trade. My point of view with these AI bots is a little different, which is, that they can't be used without human supervision, we at least have to give input and without input, we can't get output.

And input can't be made automated. So, we have to get involved whether we are using AI or not. I did not use AI tools for trading, but I did try an AI chatbot to get results for trading, but almost every nontrading bot like Chatgpt or Google Bard will say they can't give you any financial advice. While a trading bot might give you useful insights but only ones to give you some ideas to do research. I think AI bots would give us tokens out of every other token that existed with filters like EMA, RSI, etc., and should give us the proper reason.

[Rehan Zakir]

The AI bots are very efficient and accurate. Because theses bots are trained by machine learning algorithms to analyze what is the best decision at the run time.
I tried the bots for trading. Their performance is very good. Now, there are many crypto currency exchanges that are providing bots trading.

[Hamza2424]

As a rule, AI no longer needs supervision even now. There was a very interesting experiment on this ... an AI was trained to shoot down airplanes under the guidance of a supervisor. After the training phase, the AI was asked what it would do first to improve. Its answer: "Kill the supervisor"

Ahh, So evil haha, TBH AI is interesting the duplication model just outpasses the very outcome and currently I think we are playing under a controlled environment, any upgrade from this level will bring some unwanted results with AI. In trading, AI bots i think that will just lead the market to lose its natural flow.

To be honest, I also don't understand what AI is supposed to do in the trading sector:

• Most of the data is very outdated
• AI cannot predict the future ...
• ...If it does, bots will exploit this so quickly that it will once again just be a question of who programs the fastest bot - as is already the case with arbitrage trading.

Exactly, I think the same what maximum it can do is assist in technical analysis and manage the data and indicators for use more effectively, in taking positions it can help if it will, but that will only destroy the market behaviors.

Ai can give the speculations based on the TA, but the efficiency will be uncertain. AFAIK the efficiency will increase with he upgrades in the training models.

[Bushdark]

The AI bots are very efficient and accurate. Because theses bots are trained by machine learning algorithms to analyze what is the best decision at the run time.
I tried the bots for trading. Their performance is very good. Now, there are many crypto currency exchanges that are providing bots trading.

Trading with AI is very positive and it all depends on how we want it. We can make money by trading in the market with the use of artificial intelligence but this kind of trades is only for the sport Market since it does not involves trading the future. One of the problems artificial intelligence can Encarta is predictions which might not be accurate but what is needed is for us to know how we are going to adjust our trades and make sure we do the normal thing.

[livingfree]

AI isn't perfect. You'll still see some nuances about the details or information that it is providing. While I am not that type of person that worshiping it but I guess that most of these techs are still in need of an "operator" behind it. It's different from the developers of it but soon, with the guidance of these operators like developing them into actual trading since we've got already bots that does the trading easy.

If it's about the decision making and doing all analyses and strategies, there's still some gray area on that. We may see it soon or there's still not enough resources to develop one that can make us all rich and will all rely our trades to them.

Like we just fund our trading accounts and they'll do the trading for us and make that million bucks in less than a month, sounds interesting but kind of too good to be true.

[Tigerheart3026]

The AI bots are very efficient and accurate. Because theses bots are trained by machine learning algorithms to analyze what is the best decision at the run time.
I tried the bots for trading. Their performance is very good. Now, there are many crypto currency exchanges that are providing bots trading.

although i have not yet experienced with ai bot trading so i have no own opinion that can i share with you, but i have heard from many that is not still plays vital role in trading,
machine can not make decision in accurately, people's are trying to get new experience by using ai tools.

[Lakai01]

[...]
machine can not make decision in accurately, people's are trying to get new experience by using ai tools.

That's not true, no. Algorithms and bots play an incredibly important role in trading, both on traditional stock markets and here in the crypto trading sector. It even goes so far that the best arbitrage algorithms (i.e. those that are the fastest) change hands for incredibly large sums of money. This even goes as far as that around 70% of all executed trades are done by bots nowadays:

Algo trading bots, or algorithmic trading robots, are computer programs that use complex algorithms to rapidly buy and sell stocks on the financial markets. Today, over 70% of all trades are made by algo bots, and they're reshaping how the markets function.

Source

Machines are simply much better traders than humans, if only because they are not influenced by emotions. What machines are not (yet) so good at, however, is recognizing large correlations at a glance and drawing conclusions from them, e.g. when analysing charts from the past. Here, however, I think AI-based algorithms could definitely be an asset in the foreseeable future.

[South Park]

I know my answer but I'm just trying to figure out where you guys stand on AI and crypto trading. The usual argument against AI is it can't make nuanced decisions - at least for now. But how much supervision do you think sophisticated bots require to make trading decisions effectively? And how long do you think it'll take to get to the point where AI doesn't need that supervision?

I do not know why people assume AI has not been around the markets for decades now, I can assure you trading firms have obtained that technology long ago and they have been improving their algorithms for a long time now, it is just that now thanks to the new interest and fears that AI has generated people are giving it more attention, but make no mistake an advanced AI can trade the markets without the supervision of a human, it is just that we do not have access to that technology, and it is unlikely that we will as who will give away the technology to make themselves a fortune on the markets.

[Lakai01]

[...]
but make no mistake an advanced AI can trade the markets without the supervision of a human, it is just that we do not have access to that technology, and it is unlikely that we will as who will give away the technology to make themselves a fortune on the markets.

This is already happening. The bots that execute the orders are also completely unsupervised and act at their own discretion. This has already led to flash crashes on the stock markets, when bots have spiraled into a cascade of selling.

AI is a great buzzword here, but ... what do you expect from AI in this context?
The bots are already very advanced and can react to market situations almost in real time and make decisions independently. AI would hardly bring any improvements here, especially since they are usually trained on very old data.

[shield132]

I know my answer but I'm just trying to figure out where you guys stand on AI and crypto trading. The usual argument against AI is it can't make nuanced decisions - at least for now. But how much supervision do you think sophisticated bots require to make trading decisions effectively? And how long do you think it'll take to get to the point where AI doesn't need that supervision?

Can AI read articles on bitcoin media and analyze them? Can AI understand what effect will Elon Musk's tweets have on crypto market? Can AI understand what effect will El Salvador's actions have on crypto market? AI can't understand, even a human can't understand with certainty the result of certain activity. I think that AIs are algorithms that follow certain strategy and not an intelligence, at the moment AI isn't very advanced.
Btw if we achieve a level of AI development where AI will be able to analyze many things and form its own opinion or make a decision, then if we use those AIs in trading, do you think that everyone will profit? Someone has to lose in order to win. AI vs AI looks too curious for me.

[bettercrypto]

I know my answer but I'm just trying to figure out where you guys stand on AI and crypto trading. The usual argument against AI is it can't make nuanced decisions - at least for now. But how much supervision do you think sophisticated bots require to make trading decisions effectively? And how long do you think it'll take to get to the point where AI doesn't need that supervision?

First of all, when it comes to prediction here in crypto trading, even in forex trading, it is no longer the same as human prediction. In short, AI cannot make predictions in crypto trading because it can only do what is programmed.

Unlike humans, there is mixed emotion when performing an actual trade on an exchange platform and analysis, which is also called; unlike AI, there is no such character that can do what is really programmed; that is all he can do. Because AI does not know which is right or wrong.

[Assface16678]

~

Unlike humans, there is mixed emotion when performing an actual trade on an exchange platform and analysis, which is also called; unlike AI, there is no such character that can do what is really programmed; that is all he can do. Because AI does not know which is right or wrong.

In AI or trading bots, even if they are advanced to here or good to here, I'm still not convinced that, with the current state of AI nowadays, it will be reliable to predict the market or decide my trading move. The thing is, even though AI is advanced without data, it will not function; data is what AI needs, and we know the crypto market is unpredictable; the movements in the market are undefined. That's why we humans do technical analysis and such other things to find a good position, and even if we have a position or map in the market in mind, there is still a margin of error. But AI or trading doesn't think that way; it can only analyse and make decisions based on the data it has, but with market volatility, the pattern and data will be difficult for the AI to process.

In short, I still don't rely on AI for trading, maybe in the future, because there is a possibility that as technology keeps on advancing, it's not bad to follow and use trading bots these days, as your trade is at your own risk.

[YOSHIE]

How much human supervision do you believe AI needs for crypto trading?

Chatbot/AI is a form of programming by humans in the sense of simulating things that have happened or things that have happened, AI is programmed for voice or text, so never use AI in carrying out crypto trading activities, even though the technology used is sophisticated.

My understanding is that there is no definite supervision for AI in justifying crypto trading, AI cannot perform tasks that have not yet occurred, such as Bitcoin price movements in seconds/minutes/hours and so on, If you don't want to lose more from crypto trading, don't ever use AI, trade using your own analysis and instinct.

[jeraldskie11]

The only advantage AI has on humans in trading is not having an emotion. People might say that AI has better decision making because of the reason that there are no emotion involve, so it can execute exactly what it's programmed. Traders who are being controlled by their emotion can't execute well in their trades and this is one of the reason why they encounter losses. Does this mean that AI is better than human? I disagree. It doesn't matter how much human supervision AI had, it can't surpass human trading.