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Topic: Bitcoin price $45k by ending of 2023: AI prediction - page 7. (Read 1433 times)

sr. member
Activity: 1439
Merit: 380
To Be Or Not To Be
Only needs some fuds and negative news on the internet then the AI will predict less than $40k.
The more good news, the price prediction will goes higher again.

No, do not use AI to predict the price and do any investment based on that.
Just hodl, soon or later we will see the $45k for 1 BTC.
full member
Activity: 2590
Merit: 228
Six AI chatbots forecast bitcoin to reach $45k by December 31 2023. From the  article the test was first carried out June this year which it was predicted that the price will get to $45k by the end of the 2023 year, and on the 3rd of this month of November 2023 another query test was carried out using 6 different AI chatbots to inquire what the price of bitcoin could be by end of the year and they all gave predictions that points to $45k at most. And the most intriguing thing about this which caught my attention is that it was same price prediction range it gave sometime June this year when the first test was conducted.

Quote
Four months ago, Bitcoin.com News engaged with six generative AI chatbots, prompting them to forecast bitcoin’s value at the close of 2023. The collective consensus of these AI systems anticipated BTC to land between $40,000 and $50,000 by the conclusion of the year. With the year now winding down to its final two months, we repeated the experiment. The updated predictions from the AI chatbots have arrived slightly more conservative than the June estimates.
So I decided to bring it to the forum to know about what other forum members think about this AI prediction. Is it a prediction you can rely on or it's just one of those common bitcoin  price predictions of the decade we are used to from different angles, is there anything special about this one .
I don't know but so many people tend to think AI is overrated but when it's comes to things like Bitcoin market predictions who can tell since it has to deal with statistical data, I think the AI actually have an upper hand in this type of prediction only that Bitcoin is so volatile that almost all it's prediction and speculation are wrong most of the time by big crypto enthusiast and influencers.
I also believe in your points , for how many years that we have been listening or trying to listen in wild prediction (because maybe we wanted to hear positive things only)  but now that there is this AI that will help us learn and understand the easy way, many are denying , maybe let them have their belief and against AI while we are trying our luck in Generated knowledge .
hope that this time it will  bring a big positive speculation than what we have in the past years.
legendary
Activity: 2716
Merit: 1383
I wonder how accurate or trustworthy AI in terms of prediction ? if this can break the capacity
of human as how we have seen over the years? or just like regular prediction that the accuracy is just a little as 30-50%?
well that percentage is about how I see most of the prediction given from my years being here and how I supported some of them.
Since those predictions are just based on what other people wrote online, in a way we are just watching the overall sentiments of the market being reflected back to us, which in turn reinforce the beliefs of many which then generate more similar predictions that are picked by the AI, so as you can see this becomes a pernicious circle which can only be broken by the reality of the price moving at its own pace, so if I were you I would not put too much weight behind those predictions.
full member
Activity: 2576
Merit: 205
I wonder how accurate or trustworthy AI in terms of prediction ? if this can break the capacity
of human as how we have seen over the years? or just like regular prediction that the accuracy is just a little as 30-50%?
well that percentage is about how I see most of the prediction given from my years being here and how I supported some of them.
$45,000 would be nice, really nice. We’ll have to wait and see what happens before the end of the year. I don’t think AI can predict the bitcoin price trajectory with any great accuracy but it’ll be interesting to see if this prediction is accurate.

$45,000 is definitely possible and I’ll be very happy if AI is right with their prediction. We haven’t got long left in the year now so let’s see what happens.
This will also add believe in AI once this prediction may come reality ,
 because 45k is a big jump from what we already suffer since last year and almost this year also .
hero member
Activity: 2576
Merit: 579
Anytime I've asked a chatbot to predict the price of Bitcoin on a date that is many months into the future it always thinks the price will go up. If you ask for a short term prediction it will give you an answer based on recent price trends. There is nothing really special about AI predictions. The answers you get will be based either on random predictions they scraped from the web or on recent trends. The next time there is a crypto winter, AI won't see it coming until we are already in the midst of it.
It seems really useless to ask a chatbot to predict Bitcoin prices for the next few months using AI methods. And I think AI was not created to see the future or things that have not yet happened because AI was created by humans who generally cannot foresee any future so the possibility of being further off track from what will happen is very large. So it's appropriate to forget about AI in things like this even though maybe AI can be useful for other things, but not for things like price predictions.
hero member
Activity: 1470
Merit: 558
dont be greedy
They're just predicting it based on the history data they've collected and trained on the chatbot. Trusting it 100% might not necessarily make you proud in the end because the market truly moves beyond the capacity of AI. However, for those who are hodling, yes... I think they'll gain a bit of confidence as it aligns with their expectations, which is profit. As long as there's no FUD, I believe long term investors will stick with the traders to continue hodl their BTC.

I prefer to see what will really happen by the end of this year, at least 45 days until the end of the year isn't a very long time. I continue my Bitcoin habits even with positive news from AI... it hasn't significantly changed my perspective.
sr. member
Activity: 1666
Merit: 426
Given how AI and markets both work in similar ways, I’m curious how accurate AI models will be when it comes to Bitcoin. It would make sense to me if AI were able to predict things better than people when it comes to Bitcoin, considering Bitcoin is in my opinion less manipulatable than traditional investments.
Not that accurate although I can't be so sure of that because I don't have the paid version of ChatGPT so my conjecture is incomplete. Bard AI is up to date but I've tried to use it and it's giving me an incomplete and inaccurate data since it's still in it's experimental stage. There's probably other AI that's more suited to trading out there that I don't know so my opinion on AI is incomplete or inaccurate too. When I used these two AI models, it just listed factors that could influence bitcoin price movement and their prediction on it and the factors that the AI has given is pretty much generalized so you can't really get anything out of it.
legendary
Activity: 2716
Merit: 1383
That is the thing we are supposed to do but we can't stop some people from becoming reliant on AI believing that this could give an exact figure of the market until they figured out that they were wrong. As we can see, there is too much expectation of this AI, many have thought that this technology leads them to better investment results. But this is just for the people who have no knowledge and less market experience while old-timers have been reliant on themselves and we are better from this technology.
What is interesting to me is how did they arrive at that conclusion? Chatbots are just that, a bot that imitates a human and that it can keep a conversation that resembles what you will experience with another person, but this is not really software which is specialized on making predictions about the market of cryptocurrencies and the economy in general, so in a way it is just repeating what it has learn over the internet about the predictions other people are making, and it has not created that prediction out of a mathematical model that it could allow it to accurately generate its own predictions, and that makes me think those predictions are useless.
full member
Activity: 2170
Merit: 182
“FRX: Ferocious Alpha”
AI predictions again? We ain't done with humans predicting Bitcoin price and now AI? Well I never believed in predictions rather what the market is displaying and it can also help investors to make a wise decisions too.
Bitcoin price is $37k and nobody thought it would be at this level with the month still fresh, I believe before the end of this month of November we might be seeing Bitcoin price at $45k, while December would be giving us a surprise amount of $50k to $55k or even more because I see green written all over the remaining part of this year.
Others tries to believe that AI is more accurate than Human so they are betting in what AI is predicting that our common Human prediction , though it is almost the same as Humans that we might Hit 42-48k$ before December Melts down yet they wanted to listen to what AI says so let them be and we strict to what we are trying to believe and listen .

Is not like I'm forcing anyone, everybody has what he or she believes would grant them profit, if you see a way that would hustle up profit into your wallet would you throw it away? No you won't.
But all I'm trying to say is that getting ready for what the market is giving is better than what AI is giving, if you check properly you find out that the AI isn't 100% correct neither is human prediction and they might give you a figure that before end of November the price of Bitcoin will clock $45k but it won't instead it will go down to a figure we haven't seen in a long while.
Before end of this month with how the price is going, how do you see Bitcoin price in the coming days before we finally kiss November goodbye?
You have misquoted me mate because as far as I understand we  are  in the same team here lol  Wink though I am not a hater of AI yet I still do believe that we are as investors and capitalist needs to find what is better for our money and yes everything that can generate me income is already in my priority , either from AI or anywhere else .
And also I am  a Holder but also a short termer , meaning some of my Holdings can be converted into stable coin if the price reached 45k and will re invested in bitcoin once it falls down again , so either November or December or even before Halving , i don't really care because i have already positioned my folio for the bullrun , was just having other option if ever there is a chance to increase my funds.
legendary
Activity: 3556
Merit: 9709
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$45,000 would be nice, really nice. We’ll have to wait and see what happens before the end of the year. I don’t think AI can predict the bitcoin price trajectory with any great accuracy but it’ll be interesting to see if this prediction is accurate.

$45,000 is definitely possible and I’ll be very happy if AI is right with their prediction. We haven’t got long left in the year now so let’s see what happens.
hero member
Activity: 2982
Merit: 610
I think we don't have a problem with AI in making predictions but it was for the one who made it. But it was just a prediction and we know that it only be wrong. I believe that all AI have different answers if we ask them every day and that is probably because of its program inside. Therefore, there is no reason why make it famous, human predictions are still reliable. Perhaps we can ask market experts and surely, they also have different market opinions from AI.
AI can never predict the future, it is only based on reading data. Instead of having to depend on AI, it's better to learn how to maximize our own trading knowledge. With strong technical and fundamental analysis skills, we can make predictions independently without the help of AI. we will be more confident and certainly not only depend on AI. Many beginners use AI, but ultimately they have to know how to trade manually.
That is the thing we are supposed to do but we can't stop some people from becoming reliant on AI believing that this could give an exact figure of the market until they figured out that they were wrong. As we can see, there is too much expectation of this AI, many have thought that this technology leads them to better investment results. But this is just for the people who have no knowledge and less market experience while old-timers have been reliant on themselves and we are better from this technology.
sr. member
Activity: 616
Merit: 442
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So I decided to bring it to the forum to know about what other forum members think about this AI prediction. Is it a prediction you can rely on or it's just one of those common bitcoin  price predictions of the decade we are used to from different angles, is there anything special about this one .

Up and down the Bitcoin price graph, for me I can consider the predictions produced by this AI to be reasonable to accept and can be a consideration for those who think the current big rally is too excessive, as stated by one of the financial companies from America, JP Morgan.
45,000 Dollar (USD) Bitcoin price at the end of 2023 predicted by several AI chatbots is still inaccurate because most do not know how to produce these estimates, but in my opinion the predictions given are in accordance with the increase that has occurred.

Regarding Bitcoin price predictions, I only believe in the real situation because in providing price predictions, I and others can also make them even though they are not for other people to believe in.
sr. member
Activity: 672
Merit: 321
I like to treat everyone as a friend 🔹
The year 2023 is only a few days away, and then we will see the arrival of the new year. We can see that currently the Bitcoin market has gained a good amount between the months of November, and today we see the Bitcoin market around $38,000. Accordingly, we can say with certainty that by the end of 2023, the Bitcoin market will reach $45,000. We have seen many early predictions which have been very accurate, and accordingly we can trust this prediction with certainty. The Bitcoin market is currently bullish and may see further growth in 2024 towards the end of the year. The reason the Bitcoin market is currently bullish is that we have a halberd ahead of us, which is probably why the Bitcoin market is bullish.
copper member
Activity: 2156
Merit: 983
Part of AOBT - English Translator to Indonesia
Given how AI and markets both work in similar ways, I’m curious how accurate AI models will be when it comes to Bitcoin. It would make sense to me if AI were able to predict things better than people when it comes to Bitcoin, considering Bitcoin is in my opinion less manipulatable than traditional investments.

Well, I had the same thought about how AI predicts the price of bitcoin. I mean what data do they take to give the prediction?


because the market is full of surprises there is a lot of consideration from the side of fundamental and analytical. But is 45K achive in December I would say yes but with current situation I would give the market would be around 40K level
sr. member
Activity: 1680
Merit: 379
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Anytime I've asked a chatbot to predict the price of Bitcoin on a date that is many months into the future it always thinks the price will go up. If you ask for a short term prediction it will give you an answer based on recent price trends. There is nothing really special about AI predictions. The answers you get will be based either on random predictions they scraped from the web or on recent trends. The next time there is a crypto winter, AI won't see it coming until we are already in the midst of it.
sr. member
Activity: 756
Merit: 454
AI predictions again? We ain't done with humans predicting Bitcoin price and now AI? Well I never believed in predictions rather what the market is displaying and it can also help investors to make a wise decisions too.
Bitcoin price is $37k and nobody thought it would be at this level with the month still fresh, I believe before the end of this month of November we might be seeing Bitcoin price at $45k, while December would be giving us a surprise amount of $50k to $55k or even more because I see green written all over the remaining part of this year.
Others tries to believe that AI is more accurate than Human so they are betting in what AI is predicting that our common Human prediction , though it is almost the same as Humans that we might Hit 42-48k$ before December Melts down yet they wanted to listen to what AI says so let them be and we strict to what we are trying to believe and listen .

Is not like I'm forcing anyone, everybody has what he or she believes would grant them profit, if you see a way that would hustle up profit into your wallet would you throw it away? No you won't.
But all I'm trying to say is that getting ready for what the market is giving is better than what AI is giving, if you check properly you find out that the AI isn't 100% correct neither is human prediction and they might give you a figure that before end of November the price of Bitcoin will clock $45k but it won't instead it will go down to a figure we haven't seen in a long while.
Before end of this month with how the price is going, how do you see Bitcoin price in the coming days before we finally kiss November goodbye?
sr. member
Activity: 2828
Merit: 344
win lambo...
The AI prediction seems quite conservative in my opinion. However, considering the current market movement, I find it reliable and possibly undervalued. Bitcoin could potentially reach as high as $50k this year, especially if the bullish market trend continues. AI predictions are based on real data, so with the overall bullish sentiment among many in the community, there's optimism for further accumulation and observing if the bullish trend will persist.

Well, AI has relied on the data that is stored but with just 1 month and a half left before this year-end, I don't think it was realistic, that is too far from happening. I don't think the current momentum will continue but moving in the sideways seems to happen. The accumulations may not that strong enough to carry the price high and bring huge demand. Maybe saying reaching $40k is very close to the possibility than of $50k. But still, nobody knows exactly, we just based on the data today and in the past years, but we are still uncertain of the incoming.
hero member
Activity: 2716
Merit: 552
Quote
Four months ago, Bitcoin.com News engaged with six generative AI chatbots, prompting them to forecast bitcoin’s value at the close of 2023. The collective consensus of these AI systems anticipated BTC to land between $40,000 and $50,000 by the conclusion of the year. With the year now winding down to its final two months, we repeated the experiment. The updated predictions from the AI chatbots have arrived slightly more conservative than the June estimates.
So I decided to bring it to the forum to know about what other forum members think about this AI prediction. Is it a prediction you can rely on or it's just one of those common bitcoin  price predictions of the decade we are used to from different angles, is there anything special about this one .

I'm not an expert when it comes to AI stuff, but IMO, these AI predictions are a summary of a collective sources of prediction all over the internet, so that's the reason why they all have similar predictions. Nevertheless, I don't think AI could predict bitcoin or any other alts price better than human, because it is the people who controls the market sentiments. If there's something bad suddenly happens in crypto space that could affect the price almost immediately, then that's out of the AI's scope, but humans will have their predictions instantly after receiving the news.
Therefore, I don't rely on AI's prediction.
hero member
Activity: 2198
Merit: 607
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So I decided to bring it to the forum to know about what other forum members think about this AI prediction. Is it a prediction you can rely on or it's just one of those common bitcoin  price predictions of the decade we are used to from different angles, is there anything special about this one .
Whether AI predictions are accurate or not is still a big question mark, but we also cannot deny that we are currently heading towards Halving so that any possibility of quick improvements has the potential to be more supportive. AI has a spontaneous way of working based on sources on the Internet, but when compared with the predictions of most analyzes then I think what AI says makes sense. $45K at the end of the year is not too surprising, considering that the previous season's increase in the November – December 2020 period showed things that were not much different when in November 2020 Bitcoin started from $17K and at the end of December was able to penetrate the price of $34K. If the pattern is still the same, chances are Bitcoin price touching $45K by the end of December is still feasible.
hero member
Activity: 2716
Merit: 904
The AI prediction seems quite conservative in my opinion. However, considering the current market movement, I find it reliable and possibly undervalued. Bitcoin could potentially reach as high as $50k this year, especially if the bullish market trend continues. AI predictions are based on real data, so with the overall bullish sentiment among many in the community, there's optimism for further accumulation and observing if the bullish trend will persist.

As for next year, does AI have a prediction on whether Bitcoin will break its all-time high before or after the halving?
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