Do not fully believe AI

[Issa56]

Doing technical analysis personally as an individual really does help with reading the graphs on the chart. Even though I can’t say that my predictions are 100% accurate, I’m still not comfortable using AI for actual trading in cryptocurrency.

I don’t know if it’s laziness thats always disturbing some people. As a trader, it’s better you take your time to learn about trading, how will you want to be making money, and you won’t want to stress yourself, it’s surprises me when I see people make use of AI to trade, why can’t they just take their time to do their analysis themselves before entering a trade. If you are a trader, it’s better you don’t depend on AI, just stay calm and do your analysis yourself, I know sometimes you will be wrong, and sometimes you will be right, but it’s better you depend on your analysis, and don’t depend on analysis which AI will do for you, or Analysis from other people.

[programmer3666]

When AI disappoint them, they will know that solana will go in bitcoin direction.

I saw this on one of the exchanges that I am using.

These analysis are really crazy and sometimes very convincing I don't know which exchange you are using but I have seen similar and most of them almost convinces us that the token is bullish or bearish but who knows what is going to happen at least we can get some good results from the sentiments within the exchange either are bullish or bearish.

If this exchange is showing bullish sol that means investors might be accumulating it or we must check if that's true with other exchanges as well or not because manipulation is easy within the centralized exchanges so we if want to read analysis from them we should read from at least 5 to 10 different sources.

market can so easily be manipulated by the big guys & institution in the game, most easpecially on all this centralized exchanges, so it is always best for someone to find the time to at least do some cross checking with other sources before making a trading decision because relying on one exchange setinment analysis or even AI analysis can be very misleading if care is not taking. Ltaely, it is very evident that AI tools can surely give good insights into the market trajectory but even at that, it should not totally be use as a replacement for personal research and risk management and in a nutshell, what it comes down to is that getting quality information from different reliable sources is what help any trader avoid being trapped by fake & wrong signals.

[ndutndut]

These analysis are really crazy and sometimes very convincing I don't know which exchange you are using but I have seen similar and most of them almost convinces us that the token is bullish or bearish but who knows what is going to happen at least we can get some good results from the sentiments within the exchange either are bullish or bearish.

If this exchange is showing bullish sol that means investors might be accumulating it or we must check if that's true with other exchanges as well or not because manipulation is easy within the centralized exchanges so we if want to read analysis from them we should read from at least 5 to 10 different sources.

market can so easily be manipulated by the big guys & institution in the game, most easpecially on all this centralized exchanges, so it is always best for someone to find the time to at least do some cross checking with other sources before making a trading decision because relying on one exchange setinment analysis or even AI analysis can be very misleading if care is not taking. Ltaely, it is very evident that AI tools can surely give good insights into the market trajectory but even at that, it should not totally be use as a replacement for personal research and risk management and in a nutshell, what it comes down to is that getting quality information from different reliable sources is what help any trader avoid being trapped by fake & wrong signals.

In essence it's fine to use AI but only to gather data or fundamental information for independent research. However using AI as a complete decision making tool is highly flawed. As you mentioned the crypto market is highly manipulative, with many whales manipulating prices, and AI can't read real-time data.

AI is indeed an extraordinary technology for providing answers especially when using paid AI technology which provides more comprehensive answers. However in trading or investing, using AI as a basis for decision making is foolish.

[Faisal2202]

They will sell bitcoin and ethereum but buy solana 

When AI disappoint them, they will know that solana will go in bitcoin direction.

I saw this on one of the exchanges that I am using.

I am a fast learner, but when I am dealing with AI, I act like I am a slow learner, and I try to ask each question until I fully understand why and how that AI predicted the token to be bullish and bearish in the short term. But most of these AI agents are not interactive we can't ask much questions but they are really not so helpful.

We should not just consider btc and eth bearish and solana to be bullish for short term but we must do our own research.

Without that we can't rely on ai bots completely because we will doubt the second things starts to turn the other way even the bot will start saying the solana is bearish now.

[Awaklara]

Without that we can't rely on ai bots completely because we will doubt the second things starts to turn the other way even the bot will start saying the solana is bearish now.

Actually, AI is interesting and can help with some aspects of life, but in trading, AI bots also have weaknesses. AI does not possess helpful information, AI is not a predictor of the future. AI bots assist and perform tasks, but those who choose to use AI need to validate the information from AI with their own knowledge and skills. We really cannot fully rely on the results given by AI. Many traders might be interested in using AI bots, but after trying to trust the results provided, they will start criticizing the bot.

[UmerIdrees]

Doing technical analysis personally as an individual really does help with reading the graphs on the chart. Even though I can’t say that my predictions are 100% accurate, I’m still not comfortable using AI for actual trading in cryptocurrency.

I don’t know if it’s laziness thats always disturbing some people. As a trader, it’s better you take your time to learn about trading, how will you want to be making money, and you won’t want to stress yourself, it’s surprises me when I see people make use of AI to trade, why can’t they just take their time to do their analysis themselves before entering a trade. If you are a trader, it’s better you don’t depend on AI, just stay calm and do your analysis yourself, I know sometimes you will be wrong, and sometimes you will be right, but it’s better you depend on your analysis, and don’t depend on analysis which AI will do for you, or Analysis from other people.

AI can make your analysis faster and efficient. There is no good if you do not use AI and stick to only manual analysis. Other traders will be far ahead of you as they will gather the past data way faster than you by using the AI. A combination of your own analysis and AI will make you a more successful trader.

Those who still do not believe in AI will be left behind for sure. This is not only limited to trading, but in every sector you can save time and become efficient through AI tools.

[Hamza2424]

market can so easily be manipulated by the big guys & institution in the game, most easpecially on all this centralized exchanges, so it is always best for someone to find the time to at least do some cross checking with other sources before making a trading decision because relying on one exchange setinment analysis or even AI analysis can be very misleading if care is not taking. Ltaely, it is very evident that AI tools can surely give good insights into the market trajectory but even at that, it should not totally be use as a replacement for personal research and risk management and in a nutshell, what it comes down to is that getting quality information from different reliable sources is what help any trader avoid being trapped by fake & wrong signals.

AI is a tool, if we are smart enough to understand that, then we know it can't replace us and we can't replace it, unless we adopt it in our work. The methods of analyzing trades will improve once we adopt it.

As first bro, we were alone in trading, we did not had a buddy to cross check things we have analyzed so far, now if I want to get data I ask AI, I ask another AI to cross check it, then I use that data in my findings, and then I reach to the final conclusion and after getting information and adding my information and getting conclusion I again give it to AI to cross check maybe I am overthinking, or being greedy or some other human factor that can cause me loss but AI is not human that's a big plus.

[Z_MBFM]

Neither humans nor AI can always do the right analysis for the crypto market. How can AI do the right analysis when AI is being created and AI is being trained by humans. The market does not always behave the same. And AI cannot analyze anything other than the information in its database. So it is not possible for AI to make any immediate decisions that it has not been taught. But trading is something that requires live data analysis. So if you trust AI and trade based on AI's analysis, there will be a high chance of losing.

[Asiska02]

Bitcoin price is predicted by the AI to be going down, but bitcoin right now it going up. Bitcoin is just about to hit $90000 right now has it has increased from $86300 in few hours to 89500.

AI is not what someone should depend on in market prediction. There are some traders that have good analysis but the market might be against them. The market can be so unpredictable some times.

Just how the market is unpredictable is also how AI is not certain of the outcome of the market. Its analysis is always on what people’s view are of the market which they also make wrong predictions of the market. So it makes AI not a reliable tool to use to predict the market.

As humans, as long as you’re glued to the market and checking for possible moves that could annul your initial prediction of the market, you can get to make more accurate predictions than the AI that relies more on past predictions of people, to give the possible outcome of the market.

[uneng]

The only way AI could be accurate on this one would be if it knew when whales would manipulate the market. And since that information is never available for AI, it's unable to give the correct coordinates to investors. AI will look for different news, charts and events, but it's not going to be enough. It's actually dangerous for investors to follow AI's predictions, because AIs are experimental yet. The technology is relatively new, and gives wrong informations quite frequently.

[batang_bitcoin]

I would believe if there are specific indicators or strategies in trading that an AI focuses with. Like if an AI focuses into analysis through Elliot wave, RSI and you get the idea, the other trading principles as well. Because if they're just words like that an update and the AI gives its thought of how bitcoin or any crypto that it specializes with, it's not enough to make it a good analysis. Anyone who has made these AI can just inject some good words about what they want people to buy. But if there's a proven method that it has adopted and specializing into that, maybe we can believe and have it tested.

[KeenanEl19]

AI's intelligence allows us to use it to seek advice, and it will certainly provide a series of suggestions or explanations related to our questions. However, this doesn't mean we should completely trust its statements. Trading is fundamentally about knowledge, and we can trade effectively if we have a good understanding of it.

Using AI to seek information to increase our knowledge is the right thing to do rather than relying on it as a benchmark for every trade. While AI may be considered intelligent, we shouldn't rely entirely on it. Relying on AI in trading is a mistake, as knowledge is paramount.

[ancafe]

When AI disappoint them, they will know that solana will go in bitcoin direction.

That's why individual ability to spot trading opportunities is also essential. Relying on AI isn't entirely effective, and I'm much more confident in my own abilities when trading, although we can sometimes utilize AI for analysis. Bitcoin can be challenging to analytical methods because it's considered quite speculative, so the market can sometimes change rapidly and unexpectedly, and there's always no effective certainty about our predictions, especially in the short term, when engaging in trading.

AI isn't the only tool we can rely on to predict market movements, so it's best to rely on your own abilities to avoid becoming dependent on AI, which doesn't guarantee profit, as many people claim. It's best not to rely solely on AI and better level of self-ability for trading.

[Peanutswar]

If you are into numbers you will see the potential of the AI in terms of analysis, because AI is just an accumulated number of data and statistics base on its program of the creator, now the AI is just a tool for your decision making because you have the data and information in your hand all you need is check if the same with your idea if yes you can use this tool to aid your doubt to invest but if not you can make seek for more that until you get satisfied with your decision. Again we are talking about tool and not use and rely here with all decisions in investment and life. There's nothing wrong with using AI because this help us in a daily basis so why not adapt to make our life more accessible.

[FinneysTrueVision]

AI is being inserted everywhere, even if it is not really useful. Why Solana would have 3x more bullish sentiment than BTC, according to AI, is a complete mystery. You can just look at the SOL/BTC price chart and see that SOL has been going down against BTC for almost two years straight. Neither coin has been performing well recently. BTC is a better asset for holding long term, but if it’s about trading, you would probably be more profitable by being short on Solana in this current bear season for altcoins.

[Powerjumboo]

What will some people believe when they see this:



They will sell bitcoin and ethereum but buy solana  

When AI disappoint them, they will know that solana will go in bitcoin direction.

I saw this on one of the exchanges that I am using.

It is not right to rely on AI for market predictions because no matter how accurate AI predicts, it may not be accurate because no system has been developed so far that can accurately predict the future. If AI could predict the future, people would have earned millions million dollar using AI on trading platforms, not only on trading platforms, but also from gambling platforms, people would have made every bet successful using AI.

Since the AI prediction here was made on December 2nd, if this prediction is compared now, it will be seen that Solana has not increased at all. Moreover, all the markets are now in a dumping mode.

[Zigabel]

What will some people believe when they see this:



They will sell bitcoin and ethereum but buy solana 

When AI disappoint them, they will know that solana will go in bitcoin direction.

I saw this on one of the exchanges that I am using.

AI can only be useful in analysing patterns based on past data available to it, it does not take into consideration fundamental analysis. Selling bitcoin or ethereum to buy solana is like gambling with your capital, the outcome is not guaranteed. Solana at this point is just overhyped and it is not adviceable to buy any coin because of the hype as at that time except the goal is for just short term gains and not towards a long term journey.

From my Personal experience, AI does works for me mostly for research purposes, but if i am to place a trade, i don't make my decisions and judgments based on the directional suggestions by AI, some times this AI suggested trades does works but i just don't feel comfortable enough with it and so i don't engage with it all the time. for research, i can go with the directions suggested by AI to narrow my research to a focused point from where i will base my analytics and then further look for possible opportunities around such and also possible trades i can pick form my research and analysis.

AI can be helpful sometimes with trades but most pro traders will definitely not relay on AI to trade and even as a newbie, it is not best to depend on it as you will become fatigued to do researches as you should and you will also not be able to master the act of analyzing for yourself and spotting good trades that matches your emotions and help you build a better psychology as a trader.

[gunhell16]

Doing technical analysis personally as an individual really does help with reading the graphs on the chart. Even though I can’t say that my predictions are 100% accurate, I’m still not comfortable using AI for actual trading in cryptocurrency.

I don’t know if it’s laziness thats always disturbing some people. As a trader, it’s better you take your time to learn about trading, how will you want to be making money, and you won’t want to stress yourself, it’s surprises me when I see people make use of AI to trade, why can’t they just take their time to do their analysis themselves before entering a trade. If you are a trader, it’s better you don’t depend on AI, just stay calm and do your analysis yourself, I know sometimes you will be wrong, and sometimes you will be right, but it’s better you depend on your analysis, and don’t depend on analysis which AI will do for you, or Analysis from other people.

Exactly. What we’re studying in trading is different compared to these kinds of things that rely on AI for trading. Because if it were truly profitable, then those who’ve tested it would immediately create content about it, right? But there’s no such news or articles out there.

This means it’s not actually profitable. Maybe it can help in some angles, but not in the sense of the actual trades that traders will make. That’s why there are traders who’ve really studied
it for a long time and maybe are still studying to stay profitable. Using AI alone for trading just won’t cut it.

[Faisal2202]

Actually, AI is interesting and can help with some aspects of life, but in trading, AI bots also have weaknesses. AI does not possess helpful information, AI is not a predictor of the future. AI bots assist and perform tasks, but those who choose to use AI need to validate the information from AI with their own knowledge and skills. We really cannot fully rely on the results given by AI. Many traders might be interested in using AI bots, but after trying to trust the results provided, they will start criticizing the bot.

I agree with you but do not agree on the line I bolded because they have data which we know is raw data and when we ask ai questions (input) it gives us useful information that we use to analyze our trades deeply, means the information we get from these AI is almost accurate not bad, not completely inacurate if we are using a premium AI bot.

We must have prior knowledge to use the information it will give to us, otherwise the information is give will not be helpful as it can't tell us what to buy and what to sell, it can tell us some information which we can process on our own knowledge to get to the results.

[Dave1]

AI is being inserted everywhere, even if it is not really useful. Why Solana would have 3x more bullish sentiment than BTC, according to AI, is a complete mystery. You can just look at the SOL/BTC price chart and see that SOL has been going down against BTC for almost two years straight. Neither coin has been performing well recently. BTC is a better asset for holding long term, but if it’s about trading, you would probably be more profitable by being short on Solana in this current bear season for altcoins.

AI just look at Solana's surge in the last year or so and if we compare the ROI of Solana it is higher than Bitcoin. However, it doesn't mean that it's the best investment, the comparison is only the surface as far as the profit % goes.

But there is something that AI can't measure, that is that Bitcoin has been the prime mover and even if it's growth is slow as compare to other altcoins, it is still the best and the most reliable of all the cryptocurrencies. And we can say that if we investment on Bitcoin, we will have a good night sleep because it's literally too big to fall and we won't wake-up and see the price going to 0.