Using AI for crypto trading and investments

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nope, maybe take it as another point of view but not a garantee, I won't trust it with big ammounts to risky at the moment.
 
I wouldn't put serious money on it
If you want to make money with it, you can create a X or YT profile to promote affiliate links for those AI crypto tools
 
Spicy Chromosomes said:
I wouldn't put serious money on it
If you want to make money with it, you can create a X or YT profile to promote affiliate links for those AI crypto tools
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Do you have experience of doing this ? I heard that after Musk took over twitter, he made it hard to automate tweets and all.
 
not really, only possible way is some kind of arbitrage but really hard, check on net "JaredFromSubway" bot - i think that is name, that thing is a serious way to make money but you need bunch of capital to throw on tests.
 
My point of view: AI could help in analyzing the short-form data. Its ability to string multiple data/facts together is still not good enough for making proper decisions.
So using it for deciding trading options is just like a 50-50 chance or even worse...
 
wallstreet has already tried using AI to make money in stock market. It didnt work. Reason- there is not enough real time information online to make informed decisions. So, thats why all the tools you see that claims to make money using ai are fake.

However, what you can do is to use AI in deducing which stock is better.
 
doubledhamal said:
Anyone doing this and making profit ?
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I do that. What I can recommend is doing a lot of backtesting. Because you'll run into the problem that your bot makes profits during an uptrend, but when a consolidation phase or a downtrend occurs and you're asleep, your bot loses money :D
 
doubledhamal said:
Anyone doing this and making profit ?
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AI isn't gonna come up with new ideas for you, it's more of a tool to analyze and optimize your trading. You gotta figure out how to use it right. Your ideas, AI's execution. I use it for routine analysis and to create my own custom indicators. That's how I'm making money with AI.
 
Crytononame said:
AI isn't gonna come up with new ideas for you, it's more of a tool to analyze and optimize your trading. You gotta figure out how to use it right. Your ideas, AI's execution. I use it for routine analysis and to create my own custom indicators. That's how I'm making money with AI.
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It depends on his setting. AI can indeed come up with new strategies. Some unique indicators and a reinforcement learning approach could really be profitable. But in general, AI is over-hyped a lot.
 
lightshinesagain said:
Reason- there is not enough real time information online to make informed decisions. So, thats why all the tools you see that claims to make money using ai are fake.
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It makes sense
Maybe it will be different in the future with more advanced AI tools that can take decisions based in real time information, but for now, it's not reliable enough
 
Personally, i wouldn’t trust AI with my trades because i don’t see any need to do that.
 
I’ve been running bots on KuCoin, and while it’s profitable, the market’s still unpredictable.
 
AI can be very smart to support a lot in work and life, but not with virtual currency, I will do it myself
 
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