Crypto AI trading chatgpt

topoftheappst0re said:

Anybody else think this strategy stated above investing $100 in each top 50 coins and waiting a year for next bull run a good idea?

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top 50 will get you some gains but keeping 10% of your cash and split it into high risk high reward coins for example like brc20 tokens or projects related to the bitcoin smart contract chain.
https://brc-20.io/some coins on there however bitcoins fees are ridiculous and investing in brc tokens wastes money and risks money. but may be very rewarding.
also another thing to remember is that these coins will jump +/- 50% in a day so you need to hold that shit and accept that it could lose 95% and go 1000x. or some you may lose 100% i have seen wayyyy to many times coins randomly shoot up especially years later after a bull market starts and people want to run into it. so thats why i have come to the conclusion if you just put little bits everywhere one of them will give a 100x return.

example on the brc20 site.
ordi
ordi is doing nfts for bitcoin called ordinals, that probably will be worth alot in the future. they however i believe are traded on sites like bingx as well so you dont need to pay a bunch of bitcoin fees to purcahse their coin. also their coin is worth around 300mil. thats a bit up there though room to grow and yes it will grow on the next bull run if your expecting a 1000x that probably wont happen with it. i would expect around a 10-30x in the next bull run if they maintain their development and dont stray off. brc20 will be big in the next bull run so keep that in mind.

ryanm232 said:

autogpt could be adapted for this, however. I wouldnt trust its going to do the right thing. its going off of information on the internet and everything is pretty much a scam now or in some way to convince you to buy a product. just invest $100 into the most promising coins even coins that are higher up in the list on cmc invest and leave it. add to it. i had a friend that put 30k into 50 different coins and it turned the 30k into 3 million when the bull market hit. we are 1 year from the halving. which means when the halving happens on bitcoin the market will start its bull cycle. this is my 4th time in the crypto cycle. it just repeats every 3 years or so.

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Cool

You should not make such decisions with chatgpt. You can loose all your wealth in one day.

AI trading is possible, but wont get accurate analysis from chatgpt API, I've been building a trading bot that uses machine learning model such as time series forecasting to deliver an almost accurate projection, currently still building and testing

topoftheappst0re said:

trading potentially using chatgpt.

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dude, you are better just playing slots
chatgpt can't give you or predict profitable trades
it's just not that advanced yet

shuttershades said:

Don't believe everything you see on youtube.

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This is exactly what he needed.

There's 2 ways to make money with AI + crypto :-

1) You are a bad-ass AI/dev. Super smart person and you're able to fine-tune models to profit with crypto. (This is insanely hard. It's one of my long term projects. Even mentioning chatgpt is laughable here. It's like asking if you can use box-fit classes to become an MMA fighter. In fact, you'd have a better chance of becoming an MMA fighter with box-fit than you would predicting crypto with chatgpt.

2) You're a bad-ass marketer. Super scammy person and you're able to sell complete junk to people who are struggling in life and have reached desperation stage to make money. (This is super easy, and definitely not one of my long term projects. Well.. It's easy if you don't care about your fellow humans and the world in general)


There is no 3.

Let's imagine a 3 to see how stupid it is.

3) You're able to predict cryptos with AI and can invest a few grand and turn it into a few hundred grand, then that few hundred grand into several million. You know this won't last forever and you know that if other people also had access to your prediction models that you would make way less money.

So, because you are an absolute saint and love the human race so much, you decide to package up your model into a nice "bot" and sell it for $997. 1000 people buy it, and you make a cool million.

Sadly the bot won't work so well anymore since 1000 people are going to be using it, and actually, since this was a LEGIT product, you were able to consistently show real predictions, week after week. So you could probably sell this for $4997 and sell to 1000 people and make $5mil. But of course, it will now work for no one.. Including you.

You see how fucking retarded that is? It doesn't work on any level.

If you keep it and use it yourself, you make 10's or 100's of millions. Don't have much money to invest? Find an investor. Easy if it works.

3 is not possible. But scammers will tell you things like "Oh the market is so big, there's money for all, and I can profit using my bot and selling it". No, rubbish. If you can predict prices and enough people can also predict those then everyone can't win. It becomes a case of whoever gets in first wins.

Here we go, the topic I'm interested in.

Backtesting your strategies and models is erroneous to begin with, to the point that the Royal Society of Open Science has published a paper warning against this citing the wrong use of statistics. Backtesting can be useful, but strategies are never validated until they work in real life going forward, and even then have to be tuned often to remain profitable.

I'm uploading a text file in Markdown format on some practical, easy-to-understand summaries from important research papers on this matter, if anyone cares.

Is anyone interested in acquiring a course on how to really use AI for trading? Not the youtube/advertisement hype, but the real stuff?

May I suggest a 3rd and 4th way of profiting in the crypto market?
3) You know what you're doing and have the right tools.
4) You did your research to identify project that would highly likely succeed, and bought early during good market conditions (not when the world governments started cracking down on them).

P.S. I use Aurox for crypto trading. I'm posting a screenshot. They have correctly-implemented trading algorithms, like the real Cypher A, B, and DBSI, along with their in-house indicator and a current AI indicator in beta testing. Only for crypto though, not stock. And if you see my screenshot you'll see how insanely crappy the market has been recently for trading. Really hard to profit at the moment, so I'm looking into stock trading instead.
From Aurox you can connect via API to a major exchange, or trade directly on the decentralized exchanges. It also allows users to use whatever crypto you have to trade, by automating the sale of a tiny portion of the crypto you want to sell into ETH in order to pay for the gas fees.

Incredible idea, but question is, are these youtubers making as much as they claim...lol... I doubt

vintage_genie said:

Incredible idea, but question is, are these youtubers making as much as they claim...lol... I doubt

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That's the whole point. All those YouTubers are mostly hype and BS. They make money from people's clicks (if at all). I don't trust almost any of them. But I do trust real professionals.

This is the course I'm talking about: Quantpy.com.au.

I was interested in trying out FinGPT when the entire code was finally posted on Github, but thought I should perhaps have a stronger foundational knowledge rather than hack things together. I came up with a focused curriculum of what I need to learn, and the resources for it, in order to use FinGPT. But I still think something like Quantpy will give me the proper foundation going forward.

Trading, either it is crypto, stocks, ftx or commodoties dont work with AI, any AI.
You can learn tradingstrategies from it, by tweaking your own prompts.

Anyone as of today selling "3 thousand million prompts for AI", "Become a super trader with AI", "Create inane cryptogains with AI" etc. is selling crap.
If you know english, you know prompts. Its english... like in, talking anglish. Just pretend you are talking to the mirror.

Now, as for the youtubers.. yeah, theyre brilliant marketeers

Ronin74 said:

Trading, either it is crypto, stocks, ftx or commodoties dont work with AI, any AI.
You can learn tradingstrategies from it, by tweaking your own prompts.

Anyone as of today selling "3 thousand million prompts for AI", "Become a super trader with AI", "Create inane cryptogains with AI" etc. is selling crap.
If you know english, you know prompts. Its english... like in, talking anglish. Just pretend you are talking to the mirror.

Now, as for the youtubers.. yeah, theyre brilliant marketeers

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Sorry friend, that's not true. All modern big trading firms only trade through algorithms and AI. Check out https://arxiv.org/abs/2303.17564, or any video from quantitative financial experts on how trading is done nowadays.
I think your understanding of trading with AI is interacting with a chat model, in which case makes no sense. How can someone chat with ChatGPT and ask them "how do I trade this or that".
I'm referring to AI models for trade, not a GPT. Projects like BloombergGPT and FinGPT, which are not for chatting, feed their data, like sentiment analysis (how the people are feeling about X stock based on massive data gathering from the internet) to broader AI frameworks that then perform algorithmic trading.

topoftheappst0re said:

I am located in usa and want to start crypto ai trading potentially using chatgpt. How do I do this, also what’s a good exchange to use because I have used binance but they are being sued and people are removing funds so not sure. I saw pionex.com is offering chatgpt trading but that is unavailable in the usa for now, coming soon...

I need step by step instructions I see a lot of people saying they made tons of money crypto ai trading on YouTube but I have no clue where to start.

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Many traders on YouTube just promote anything for views. Always do your own research.

For now I guess chat gpt is not smart enough to predict crypto
But with time we will see that the profit percent of AI crypto trading will increase

I'm in the USA too, and I’ve been navigating this space for a bit. First off, for exchanges, I'd recommend looking into Coinbase or Kraken. Both are pretty solid and reliable, especially with the current issues surrounding Binance.

For using AI like ChatGPT, you can integrate it through API with your trading strategies. Start by learning the basics of Python programming; there are tons of free resources online. Once you're comfortable, you can use libraries like ccxt to connect to exchanges and automate your trades.

Astinmantt said:

I'm in the USA too, and I’ve been navigating this space for a bit. First off, for exchanges, I'd recommend looking into Coinbase or Kraken. Both are pretty solid and reliable, especially with the current issues surrounding Binance.

For using AI like ChatGPT, you can integrate it through API with your trading strategies. Start by learning the basics of Python programming; there are tons of free resources online. Once you're comfortable, you can use libraries like ccxt to connect to exchanges and automate your trades.

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I tried something similar with traditional forex trading through https://proptraderhub.com/apex-trader-funding-coupon-code/, and their tools and resources really helped me get started and see some real progress. It's a bit of a learning curve, but once you get the hang of it, it’s incredibly rewarding. "

Because for this you are right into the "sucker" category - no idea what the game is, no idea how it works, no idea what to do. In essence you have the same chances as trading by asking a random passerby on the streets about it.

In short, all trading bots run on a set of assumptions. As long as the market goes the way those assumptions assume, it is profitable. And when it doesn't, it's not. Which is effectively the same as "I will buy at noon and sell at 6pm" or "I will buy today and sell 6 months later". In all cases you could end up profitable or in losses, but there is no "magic" alpha there.

trading is dead!

To start with crypto AI trading, you need to research and learn about cryptocurrencies, trading, and AI. Choose a reliable exchange, create an account, fund it, and choose a crypto AI trading bot. Set up your bot according to your trading strategy and monitor its performance regularly. It is important to choose a secure exchange and wait for chatbot trading to become available in your location before using it.

ourweb said:

trading is dead!

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What do you mean?