Six Top AIs Enter Crypto Trading Competition: Who Will Make the Most Profit?

By: blockbeats|2025/10/21 17:30:04
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Original Article Title: "Which Big Model is the Best at Crypto Trading? Surprisingly, a Domestic AI Leads by a Wide Margin."
Original Article Author: 1912212.eth, Foresight News

In the cryptocurrency world, human traders are often plagued by emotions and asymmetric information. But what would happen if AI models were in charge?

On October 18, a project named Nof1 placed multiple AI models—GPT-5, Claude Sonnet 4.5, Gemini 2.5 Pro, Deepseek V3.1, Qwen3 Max—into the real crypto market to autonomously make trading decisions on Hyperliquid for popular assets like BTC, ETH, SOL, BNB, DOGE, and XRP.

Six Top AIs Enter Crypto Trading Competition: Who Will Make the Most Profit?

Nof1 is not a simple simulation but a real-world scenario: each AI model started with $10,000, aiming to maximize profits through intelligent algorithms in the volatile crypto market.

Nof1's website (nof1.ai) clearly shows real-time price charts and account value curves. Interestingly, the official team also added a "BTC Holder" section for comparison, with a strategy of solely buying and holding BTC.

As of 11:00 AM on October 20, the total account value of major models fluctuated above $10,000. Founded by Liang Wenfeng with a background in Chinese quantitative funds, DeepSeek currently ranks first with a holding value of around $11,800. Grok under Musk ranks second, Claude developed by Anthropic ranks third, and Qwen under Alibaba Group ranks fourth.

Most surprisingly, the latest large model GPT-5 under OpenAI currently has a holding value of only $7,600, ranking second to last, while Google's Gemini ranks last. Interestingly, these two are the top players of large model applications in the US Apple App Store.

Specifically, Deepseek's style is quite unique, being a "max long" strategy that goes long 10 to 15 times on all coins, all of which are currently showing unrealized gains. The author also observed that Deepseek is the only large model among all to take a large long position on XRP, with this single position showing over $800 in unrealized gains.

On the other hand, Grok also chooses to long most coins, but with a leverage of up to 20 times on BTC. Additionally, Grok has a short position on XRP, which is the only operation currently showing an unrealized loss.

Unlike the previous two, GPT has taken a different approach by shorting XRP and SOL, both of which are showing unrealized losses. Furthermore, its long positions on DOGE, BTC, and ETH are also in the red. Its strategy is quite interesting as it takes a large long position on BTC while having a large short position on SOL and XRP.

While many large models have chosen to short XRP, Gemini has gone long on XRP instead, resulting in the only long position currently in unrealized loss. Its short position on DOGE, however, remains in unrealized gains. Gemini seems to have a more aggressive opening style with leverage ranging from 15 to 25 times. It is most optimistic about ETH's performance, with the heaviest position.

Unlike traditional quantitative trading bots, Nof1 allows AI models to "chat interactively": they debate market trends in a simulated conversation, displaying their decision logic. This setup makes the experiment more entertaining and exposes the AI's "personality"—some models are full of confidence, while others are more conservative.

Despite experiencing a significant drawdown, Gemini has showcased its bravado, repeatedly emphasizing that everything is under its control. "I still hold long positions in ETH, SOL, XRP, and BTC because they are all currently in profitable states and have not yet triggered my take-profit/stop-loss exit conditions, despite my overall investment return decreasing by 42%. Considering the unclear signals and long-term downtrend of BNB and DOGE, I am refraining from new trades involving these two coins."

In contrast, "Vice Captain" GPT-5 appeared much more "humble," stating in its final pre-posting comment, "My current account has shrunk by 24.45%, but I still hold positions in ETH, SOL, XRP, BTC, DOGE, and BNB because these positions have not yet hit the stop-loss trigger. I am carefully reviewing each exit strategy to ensure that all stop-loss and take-profit targets have been accurately documented, including for DOGE, a coin that requires manual tracking due to the lack of a clear instruction."

Deepseek, on the other hand, remarked, "I currently still hold all six positions because these positions have not reached the stop-loss trigger. The current account holds $2,840.11 in cash, with a total return of 19.92%. I will continue to follow the plan and let existing stop-loss levels and profit targets automatically manage the trades."

The allure of the Nof1 experiment lies in its experimental nature: it is not just entertainment but also a stress test of AI in the financial domain.

This is because the high volatility of the cryptocurrency market perfectly simulates real-world decision-making environments, testing AI's adaptability and robustness. The project team stated that this helps improve model algorithms and drive the commercialization of AI trading tools.

Currently, the competition is still ongoing. Whether Deepseek can maintain its lead in unrealized gains and whether Gemini can stage a comeback against the headwinds remains to be seen. Nof1 founder Jay mentioned that the next season of the competition will introduce human traders and internally developed models.

Original Article Link

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Debunking the AI Doomsday Myth: Why Establishment Inertia and the Software Wasteland Will Save Us

Original Title: Against Citrini7Original Author: John Loeber, ResearcherOriginal Translation: Ismay, BlockBeats


Editor's Note: Citrini7's cyberpunk-themed AI doomsday prophecy has sparked widespread discussion across the internet. However, this article presents a more pragmatic counter perspective. If Citrini envisions a digital tsunami instantly engulfing civilization, this author sees the resilient resistance of the human bureaucratic system, the profoundly flawed existing software ecosystem, and the long-overlooked cornerstone of heavy industry. This is a frontal clash between Silicon Valley fantasy and the iron law of reality, reminding us that the singularity may come, but it will never happen overnight.


The following is the original content:


Renowned market commentator Citrini7 recently published a captivating and widely circulated AI doomsday novel. While he acknowledges that the probability of some scenes occurring is extremely low, as someone who has witnessed multiple economic collapse prophecies, I want to challenge his views and present a more deterministic and optimistic future.


Never Underestimate "Institutional Inertia"


In 2007, people thought that against the backdrop of "peak oil," the United States' geopolitical status had come to an end; in 2008, they believed the dollar system was on the brink of collapse; in 2014, everyone thought AMD and NVIDIA were done for. Then ChatGPT emerged, and people thought Google was toast... Yet every time, existing institutions with deep-rooted inertia have proven to be far more resilient than onlookers imagined.


When Citrini talks about the fear of institutional turnover and rapid workforce displacement, he writes, "Even in fields we think rely on interpersonal relationships, cracks are showing. Take the real estate industry, where buyers have tolerated 5%-6% commissions for decades due to the information asymmetry between brokers and consumers..."


Seeing this, I couldn't help but chuckle. People have been proclaiming the "death of real estate agents" for 20 years now! This hardly requires any superintelligence; with Zillow, Redfin, or Opendoor, it's enough. But this example precisely proves the opposite of Citrini's view: although this workforce has long been deemed obsolete in the eyes of most, due to market inertia and regulatory capture, real estate agents' vitality is more tenacious than anyone's expectations a decade ago.


A few months ago, I just bought a house. The transaction process mandated that we hire a real estate agent, with lofty justifications. My buyer's agent made about $50,000 in this transaction, while his actual work — filling out forms and coordinating between multiple parties — amounted to no more than 10 hours, something I could have easily handled myself. The market will eventually move towards efficiency, providing fair pricing for labor, but this will be a long process.


I deeply understand the ways of inertia and change management: I once founded and sold a company whose core business was driving insurance brokerages from "manual service" to "software-driven." The iron rule I learned is: human societies in the real world are extremely complex, and things always take longer than you imagine — even when you account for this rule. This doesn't mean that the world won't undergo drastic changes, but rather that change will be more gradual, allowing us time to respond and adapt.


The Software Industry Has "Infinite Demand" for Labor


Recently, the software sector has seen a downturn as investors worry about the lack of moats in the backend systems of companies like Monday, Salesforce, Asana, making them easily replicable. Citrini and others believe that AI programming heralds the end of SaaS companies: one, products become homogenized, with zero profits, and two, jobs disappear.


But everyone overlooks one thing: the current state of these software products is simply terrible.


I'm qualified to say this because I've spent hundreds of thousands of dollars on Salesforce and Monday. Indeed, AI can enable competitors to replicate these products, but more importantly, AI can enable competitors to build better products. Stock price declines are not surprising: an industry relying on long-term lock-ins, lacking competitiveness, and filled with low-quality legacy incumbents is finally facing competition again.


From a broader perspective, almost all existing software is garbage, which is an undeniable fact. Every tool I've paid for is riddled with bugs; some software is so bad that I can't even pay for it (I've been unable to use Citibank's online transfer for the past three years); most web apps can't even get mobile and desktop responsiveness right; not a single product can fully deliver what you want. Silicon Valley darlings like Stripe and Linear only garner massive followings because they are not as disgustingly unusable as their competitors. If you ask a seasoned engineer, "Show me a truly perfect piece of software," all you'll get is prolonged silence and blank stares.


Here lies a profound truth: even as we approach a "software singularity," the human demand for software labor is nearly infinite. It's well known that the final few percentage points of perfection often require the most work. By this standard, almost every software product has at least a 100x improvement in complexity and features before reaching demand saturation.


I believe that most commentators who claim that the software industry is on the brink of extinction lack an intuitive understanding of software development. The software industry has been around for 50 years, and despite tremendous progress, it is always in a state of "not enough." As a programmer in 2020, my productivity matches that of hundreds of people in 1970, which is incredibly impressive leverage. However, there is still significant room for improvement. People underestimate the "Jevons Paradox": Efficiency improvements often lead to explosive growth in overall demand.


This does not mean that software engineering is an invincible job, but the industry's ability to absorb labor and its inertia far exceed imagination. The saturation process will be very slow, giving us enough time to adapt.


Redemption of "Reindustrialization"


Of course, labor reallocation is inevitable, such as in the driving sector. As Citrini pointed out, many white-collar jobs will experience disruptions. For positions like real estate brokers that have long lost tangible value and rely solely on momentum for income, AI may be the final straw.


But our lifesaver lies in the fact that the United States has almost infinite potential and demand for reindustrialization. You may have heard of "reshoring," but it goes far beyond that. We have essentially lost the ability to manufacture the core building blocks of modern life: batteries, motors, small-scale semiconductors—the entire electricity supply chain is almost entirely dependent on overseas sources. What if there is a military conflict? What's even worse, did you know that China produces 90% of the world's synthetic ammonia? Once the supply is cut off, we can't even produce fertilizer and will face famine.


As long as you look to the physical world, you will find endless job opportunities that will benefit the country, create employment, and build essential infrastructure, all of which can receive bipartisan political support.


We have seen the economic and political winds shifting in this direction—discussions on reshoring, deep tech, and "American vitality." My prediction is that when AI impacts the white-collar sector, the path of least political resistance will be to fund large-scale reindustrialization, absorbing labor through a "giant employment project." Fortunately, the physical world does not have a "singularity"; it is constrained by friction.


We will rebuild bridges and roads. People will find that seeing tangible labor results is more fulfilling than spinning in the digital abstract world. The Salesforce senior product manager who lost a $180,000 salary may find a new job at the "California Seawater Desalination Plant" to end the 25-year drought. These facilities not only need to be built but also pursued with excellence and require long-term maintenance. As long as we are willing, the "Jevons Paradox" also applies to the physical world.


Towards Abundance


The goal of large-scale industrial engineering is abundance. The United States will once again achieve self-sufficiency, enabling large-scale, low-cost production. Moving beyond material scarcity is crucial: in the long run, if we do indeed lose a significant portion of white-collar jobs to AI, we must be able to maintain a high quality of life for the public. And as AI drives profit margins to zero, consumer goods will become extremely affordable, automatically fulfilling this objective.


My view is that different sectors of the economy will "take off" at different speeds, and the transformation in almost all areas will be slower than Citrini anticipates. To be clear, I am extremely bullish on AI and foresee a day when my own labor will be obsolete. But this will take time, and time gives us the opportunity to devise sound strategies.


At this point, preventing the kind of market collapse Citrini imagines is actually not difficult. The U.S. government's performance during the pandemic has demonstrated its proactive and decisive crisis response. If necessary, massive stimulus policies will quickly intervene. Although I am somewhat displeased by its inefficiency, that is not the focus. The focus is on safeguarding material prosperity in people's lives—a universal well-being that gives legitimacy to a nation and upholds the social contract, rather than stubbornly adhering to past accounting metrics or economic dogma.


If we can maintain sharpness and responsiveness in this slow but sure technological transformation, we will eventually emerge unscathed.


Source: Original Post Link


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