AI, Automation in Cryptocurrency!

why don't you do it yourself?

An AI crypto tracker of some sort would be pretty freaking awesome.

I was scammed by something similar to this a few years ago. last year I found another AI bot promising 30% monthly increase. needless to say, it was also a scam. starting with $1 - the compound interest of 30% monthly would make you have more wealth than the whole word after a few years - really not viable. There's a stolen AI bot that someone has for sell on Clickbank - really wouldn't suggest it though.

It would be such a lifesaver if someone can create the complete set with no errors lol

Such a time to be alive and we know what the future is capable of.

Seems bright so far.

So you know people are making bank with AI, but when asked how you have no clue. So how do you know?

What is an AI tracker supposed to do that is so great?

Arbitrage could be possible if you can buy and sell quickly but unless you have a ton of capital it is not worth it.
You can use an algorithmic trading bot but same as above.

Whenever a new tech comes out people think that it needs to be forced into everything but in most cases it is not applicable or worth it. One example is the cloud. Have you ever tried to get work done with out an internet connection while relying on a web app? Yea that doesn´t work.
Gone are the days of Dreamweaver etc. and everyone is forcing you to work in WP. With tons of page reloads and reusing other peoples plugins over and over. The entire web has lost its individuality and runs on a couple hundred apps and modules. Now hackers buy plugin makers and immediately patch malicious code into a million plus site.

There are probably some programmers who are making money using AI in crypto but most of the publicly available AI bots don't seem to perform very well. When a lot of people use the same bot, the profitability will go down.

fmbaba01 said:

I have a strong feeling some people (programmers) are using AI to automate in cryptocurrency and maxing out big time.
I know its pretty hard to share, but sometimes i wish someone can just PM and share.

Im sure im speaking someone else mind too.

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AI works for trading but not at the level that you think. It works by creating nanoseconds trades and scalping small profits here and there. Most of the time you are better of just holding if you bought low.
Disclaimer:
I am not a financial adviser so take my advice with a grain of salt.

I would advise to stay out this unless you been in fintech for a long time and know exactly what you are doing. Else you will just become fish food for the sharks ready to devour your earnings.
Wall street is already inside Crypto and there is no way someone without some insider knowledge is going to gain the market when these guys and several Wales have state of the art algorithms to devour any little fish that comes their way. Then again its really up to you.

Dudert123 said:

AI works for trading but not at the level that you think. It works by creating nanoseconds trades and scalping small profits here and there. Most of the time you are better of just holding if you bought low.
Disclaimer:
I am not a financial adviser so take my advice with a grain of salt.

I would advise to stay out this unless you been in fintech for a long time and know exactly what you are doing. Else you will just become fish food for the sharks ready to devour your earnings.
Wall street is already inside Crypto and there is no way someone without some insider knowledge is going to gain the market when these guys and several Wales have state of the art algorithms to devour any little fish that comes their way. Then again its really up to you.

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I really appreciate this piece of advice Bro!..

there's this one i saw for 1000$ a few people I talked to use it and it does all their trades. [buy/sell] ill ask them for the name and link *I forgot the url and name*

Henry IV said:

lol you will get the software once it doesn't work that well any more

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Exactly. This is sad but as long as you do not have someone's hand on you, you wont get such software. Maybe secondhand stuff and not even the best, but those who make enough $ a day, they use real good software you wont ever see.

You certainly can make money trading cryptocurrency using AI automated trading bot, I attest to this fact because I do. The dynamics of the process might be a little bit daunting for a novice and here's how I got into this field.
I go hold an AI script while freelancing on Fiverr, the owner wanted to make certain modifications to the script for better performance. After testing and tweaking for about a month I started getting really good results. I sent back the modified solution and got paid but I wasn't gonna let such a good bot sit on my PC so I loaded it up on a server to trade my binance account.
2 months later my portfolio went from +123% to -43%, this got me really angry, not at the bot though but at myself rather. This is because the initial results I got were due to the level of supervision I implemented during the bot's operation. I slacked on that and bam ! portfolio went down. I've since then upgraded the bot and scheduled supervision for every week. So far this year my profit is really good although she trades about once or twice a month and hodls.

So back to the question do such bot exist? Certainly, they do!

Big hedgefunds rely on AI solutions for trading and the recent popularity of AI's performance has influenced its use by individual investors. I freelance on Upwork till date for this very reason, cos this allows me the opportunity to access many bot ideas and existing solutions as I build my warchest of bots. So overall, the AI bots I've encountered aren't turnkey solutions but require trading and AI domain-specific knowledge for optimal performance.

ghost_of_Lawee said:

I go hold an AI script while freelancing on Fiverr,

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Fiverr,AI, and trading hmmm.

ghost_of_Lawee said:

So far this year my profit is really good although she trades about once or twice a month and hodls.

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No offence but if you are saying you are making money just after a year of trading you do not have enough experience to say you are making money and why its dangerous to tell people that you are when you do not have enough data to back it up. You might cause them to lose a lot of money.

Any trader knows that a years data is worthless you have to backtest and walk forward optimize on decades of data. This is because one year you might be good and then the next year you lose it all. And then the next you go negative. This is why trading is a problem with Crypto is that there is not enough trading history to use.

I use AI models to decide whether to buy, sell or hold crypto.

Not at all anything new. In fact, forex and stock trading companies hire for millions per year just to build/update AI AKA quantum trading.