Bitcoin price $45k by ending of 2023: AI prediction - page 8.

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Quote from: Wend on November 12, 2023, 06:03:05 PM

-snip-
One thing that no one seems to notice is that in recent days of price increases, the number of tokens that FTX is holding is also being sold. I wonder if this price increase is for FTX to sell all its altcoins?

Perhaps the people behind FTX also contributed to the rise by trying to sell all their altcoins to pay off their debts.

FTX has filed a petition with the bankruptcy court in Delaware to sell certain trust assets, including those of crypto asset manager Grayscale Investments and custodian service provider Bitwise, valued at around $744 million.

Breakdown of Grayscale and Bitwise Trust assets.

Source: Kroll

But back again about the increase in Bitcoin this time, of course, because the crypto market trend is good and approaching Halving.
But it is possible that there will be some corrections that occur before Bitcoin reaches a new ATH.

Wend

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Quote from: jeraldskie11 on November 09, 2023, 01:35:49 PM

Quote from: Sexylizzy2813 on November 09, 2023, 10:26:40 AM

Quote from: Wend on November 09, 2023, 09:50:24 AM

According to your prediction, have we really entered the bull season while the halving is still very far away? The $45k goal for this month is really high for me. Bitcoin is up over 30% in the last 30 days and there has been no correction, so I think a correction will be needed in November or December before we conquer higher prices. I don't think we can reach $45k easily. Bitcoin is increasing in price amid the skepticism of many people, but don't be too subjective and unguarded.

I don't talk much about predictions neither do I drop any, but from the movement of Bitcoin price is how I picture things.
Fine, Bitcoin price can't reach $45k that easy like you said, I agree on that but it won't take long for it to happen. When we are seeing the price drastically approaching $38k is just a sign that it would be happening anytime soon but I think $39k would be the resistance.

$39k would be a good resistance but if you look very well $40k is a strong supply zone with fair value gap which is usually the price will go to. If you went down to $4h time frame, we can see that there is a clear break of structure, so it's very possible that the price will hit $40k before pullback occur, so the pullback is not starting yet. I can only say that the pullback will going to start if the price went down below $33k. Currently, buyers are in-control.

I have the same opinion as you, I don't think bitcoin can touch $45k without any correction. I also personally believe that bitcoin will rise in the $39k$-40k$ range and then a correction. We're not completely into bull season yet so there's no way bitcoin is going to hit $45k, then we want it to hit $55k or $69k. One thing that no one seems to notice is that in recent days of price increases, the number of tokens that FTX is holding is also being sold. I wonder if this price increase is for FTX to sell all its altcoins?

EluguHcman

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The $45K December 31st 2023 prediction of the AI would had been reliable if it was able to give us clinch predictions of other months since the June. Then that of end of the year would had been believable so I am literally saying that it doesn't matter of multiple AI given same predictions about the values of Bitcoin because if the same instructions is given to millions of programs, of they would output the same results.
Bitcoin prediction is just all gambling and acceptable but doesn't have to be reliable.

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Quote from: Kemarit on November 08, 2023, 02:32:00 PM

Quote from: Husires on November 08, 2023, 01:58:31 PM

The last time I listened to artificial intelligence predictions, it told me that the price would return to $50,000 before the end of this year, so the result varies according to the data it is provided with. It would be unwise to trust these tools, but I find that these predictions tend to be accurate.

Yes, I don't think that we should trust this tools, it might help us in other aspects in life, but to say that we are going to rely on it to say what the price will be at least at the end of the year? doesn't make sense at all.

Besides, if I'm not mistaken, the prediction of what will be the price at the end of the year is around $40,000-50,000. It might coincide with what the AI might say, but we have this at the middle of the year already. The data that the AI might be getting is what we have been seeing all alone.

So with or without AI, I will stick with my personal prediction. It could be a hit or miss though, but I didn't rely on some bots or AI tools to make that prediction for me.

Artificial intelligence helps people in many ways. We cannot ignore its benefits. It can do many things faster and in more detail, but when it comes to predictions, I don't think I can fully trust it. I can't say I don't trust it completely, but I can't say I trust it completely either. I might be skeptical about AI's predictions.

For me, as you say, I think it's better to stick to my personal prediction. Our choices determine our future and we invest for a better future and we watch the development of Bitcoin. I have no doubt that Bitcoin will reach high prices. I am not in a hurry about the time.

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I will keep repeating that articles on Bitcoin.com News are often misleading or have inaccurate narratives.
Artificial intelligence predictions depend on the quality of the inputs and on the artificial intelligence algorithm used, but they are no better than technical analysis indicators, which measure price changes in specific periods or according to trading volumes. Therefore, $45k is a good prediction for Bitcoin prices, and only two resistance levels separate us from it, which They will probably be broken within the next 30 days. this prediction is possible.

On Github there are some codes for open source Bitcoin AI prediction services but I doubt it has reasonable accuracy.

Some of the articles prediction has failed many hodlers some time to lead those hodlers to losses because, they are lazy to carry out their personal research to know how the future of the market will look like when the bull run occur. I know that the price of BTC will reach $40k before the end of december which, I know that my prediction will surely come to pass, but it will be difficult for the price to cross above $40k because the price will hit back $69k next year which is the target of many hodlers in the community.

I will never be addicted to articles prediction, and many hodlers believe articles prediction very well more than this platform, but if you can dedicate a good time with this platform to see some good prediction from the potential hodlers, it will help you to always get it right in your prediction.

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Quote from: letteredhub on November 05, 2023, 06:10:47 PM

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 .

AI makes all sorts of predictions and I can tell you that most of the are very incorrect. How did AI get the data from the live market or from crawling the pages of those crypto influences who have already made these predictions? One thing about AIs of all sorts is that they are not future predictions, they do not have that predictive ability what they do have and do well is being able to present historical data accurately.

I want to see bitcoin's price hit $45k before the year ends, who doesn't that is why I am wishing at the back of my mind that EFTs are approved and more institutions buy bitcoin and any other thing should happen that will take it up to $45k. Will this happen? No one can actually tell.

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Quote from: DaNNy001 on November 10, 2023, 02:20:30 PM

Quote from: letteredhub on November 05, 2023, 06:10:47 PM

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 thought you gonna say that AI has the advantage because it can get all the data and crunch it and then make a prediction based on that data, and it will be very easy for them. AI since the market is fairly young, and with all it's algo an speed, it can spew out data that some of us might tend to believed or at least the prediction is a perfect match on what we are actually seeing short term.

So I guess we can say that if we are skeptics then take it with a grain of salt.

And then rely our own our TA or charts and see what will it be this end of the year. Or better think that if the price is going on that direction, then we should take it as a sign to still accumulate as much as we can.

DaNNy001

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Quote from: letteredhub on November 05, 2023, 06:10:47 PM

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.

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Quote from: Questat on November 10, 2023, 06:28:22 AM

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.

G_Besar

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Quote from: bitterguy28 on November 10, 2023, 03:54:37 AM

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 .

Believing in yourself will be the main foundation before we trust other people and other people's creations such as AI for Bitcoin price predictions. I would still rather say $42K before December of this year arrives than something greater than that price, because now Bitcoin is still at $37K even though yesterday it almost touched $38K which is generally very close to $40K.

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but we also Knew that before the year ends (mostly After Christmas) the market starts melting again, and yes before January took over the Bitcoin price lowers more than what it recorded in Early December .

I don't imagine a bigger price drop before Christmas or after Christmas, because what is happening now could be a force for Bitcoin to continue to be at a better price in the range between $37K to $40K. So the decline that is still possible will not be too deep for Bitcoin before everyone welcomes January in the new year or next year.

Questat

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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.

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Quote from: letteredhub on November 05, 2023, 06:10:47 PM

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 .

We can still regard this prediction as one of hundreds we read on a daily basis that have no bearing and are based solely on individual analysis and observations of market trends. If AI can provide a correct analysis of the expected price of bitcoin, they will be more reliant on it than human analytic predictions.

According to what this AI's bots have projected, the pricing offered by these bots has a lot of parallels and has the potential to be true before the end of this year. Bitcoin is presently trading above $36K and is expected to remain there due to the pending SEC's approval of the most anticipated spot ETF. Only the final news from this will define bitcoin's next move, whether it will be bullish or bearish for some time before the halving next year.

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Quote from: Sexylizzy2813 on November 09, 2023, 09:21:07 AM

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 .

Quote from: goaldigger on November 09, 2023, 04:24:25 PM

Quote from: Alpha Marine on November 09, 2023, 03:00:44 PM

Quote from: letteredhub on November 05, 2023, 06:10:47 PM

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 .

To me, it's not a ridiculous prediction.
I predicted 35k to $40k before the end of the year so it's not really surprising that someone else or something else will predict $45k
I don't believe it would have t to $45k this year though even though I'm secretly hoping for it to go above that.
If Bitcoin gets to $45k dollars it means we will most likely see a new ATH next year after the halving.

This is the usual trend before the halving and yes there’s a big possibility for that pump after the halving. In preparation to the big updates, the market price is also preparing and ending a year with a good price is a good indication of a bull trend. Reaching $45k this year is still possible, let’s be more bullish and positive for Bitcoin because we will benefit from this and our investments will be more worth it.

but we also Knew that before the year ends (mostly After Christmas) the market starts melting again, and yes before January took over the Bitcoin price lowers more than what it recorded in Early December .

Sexylizzy2813

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Quote from: kawetsriyanto on November 09, 2023, 04:33:48 PM

Quote from: Sexylizzy2813 on November 09, 2023, 09:21:07 AM

AI predictions again? We ain't done with humans predicting Bitcoin price and now AI?

What's the problem with AI prediction? I think it is no problem, people can use any way and any tool to predict Bitcoin price, right? Wink

Prediction will never end. People will always make predictions as long as Bitcoin price still has volatility. People will always be curious about the future price of Bitcoin.

I don't have any problem with the use of AI to predict that's not an issue or the use of whatever tool, my major concern is some of these predictions sometimes, if not always makes investors or traders to decide wrongly.
Volatility has to be their and predictions too can't stop anytime soon and it seems some if not many investors benefit from various form of predictions either human or AI predictions. But non can ever get it 100% correct, the future of Bitcoin price is not easy to predict.

Quote

We no longer have big FUDs lately, I'm sure some people already expected that Bitcoin price will increase faster than previously. However, reaching $37k in the early of this month is quite surprising. I think there will be a sideway after Bitcoin can reach $35k. But it is trying to increase again and finally it reaches $37k today. On the next month, I think it is not impossible to see Bitcoin price above $40k. The prediction that Bitcoin will be $45k in the end of this year seem reasonable if we consider the current growth of Bitcoin price. However, I think it is unlikely to jump above $50k.

You just have to watch and see how it will make a movement from the current price to the next and before you know it, is catching up to $50k. $50k can't be seen this month but to me it is expected depending on how fast the growth of Bitcoin price shows us in the market but if it doesn't then $40-45k is expected before the end of this year.

Jating

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Quote from: goaldigger on November 09, 2023, 04:24:25 PM

Quote from: Alpha Marine on November 09, 2023, 03:00:44 PM

Quote from: letteredhub on November 05, 2023, 06:10:47 PM

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 .

To me, it's not a ridiculous prediction.
I predicted 35k to $40k before the end of the year so it's not really surprising that someone else or something else will predict $45k
I don't believe it would have t to $45k this year though even though I'm secretly hoping for it to go above that.
If Bitcoin gets to $45k dollars it means we will most likely see a new ATH next year after the halving.

This is the usual trend before the halving and yes there’s a big possibility for that pump after the halving. In preparation to the big updates, the market price is also preparing and ending a year with a good price is a good indication of a bull trend. Reaching $45k this year is still possible, let’s be more bullish and positive for Bitcoin because we will benefit from this and our investments will be more worth it.

And probably the next question is, what if we indeed reach $45k at the end of the year? Will everyone now goes to AI and ask and them believed what it will tell us? Next year obviously it will be a big run for us as we will have the halving and then the eventual bull run that we all have been waiting. There are predictions that we can hit $100k at a minimum. So maybe another question that we could post to this AI is that what will be the prediction for 2024-2025? Will it match what most of the speculators here are predicting or will it be a different prediction that we have some qualms about it and think that we should ignore AI in cryptocurrency trading or prediction? So I guess there's more questions that answer if we tap AI at it's infancy, just saying.

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Quote from: Sexylizzy2813 on November 09, 2023, 09:21:07 AM

AI predictions again? We ain't done with humans predicting Bitcoin price and now AI?

What's the problem with AI prediction? I think it is no problem, people can use any way and any tool to predict Bitcoin price, right? Wink

Prediction will never end. People will always make predictions as long as Bitcoin price still has volatility. People will always be curious about the future price of Bitcoin.

Quote from: Sexylizzy2813 on November 09, 2023, 09:21:07 AM

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.

We no longer have big FUDs lately, I'm sure some people already expected that Bitcoin price will increase faster than previously. However, reaching $37k in the early of this month is quite surprising. I think there will be a sideway after Bitcoin can reach $35k. But it is trying to increase again and finally it reaches $37k today. On the next month, I think it is not impossible to see Bitcoin price above $40k. The prediction that Bitcoin will be $45k in the end of this year seem reasonable if we consider the current growth of Bitcoin price. However, I think it is unlikely to jump above $50k.

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Quote from: Alpha Marine on November 09, 2023, 03:00:44 PM

Quote from: letteredhub on November 05, 2023, 06:10:47 PM

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 .

To me, it's not a ridiculous prediction.
I predicted 35k to $40k before the end of the year so it's not really surprising that someone else or something else will predict $45k
I don't believe it would have t to $45k this year though even though I'm secretly hoping for it to go above that.
If Bitcoin gets to $45k dollars it means we will most likely see a new ATH next year after the halving.

This is the usual trend before the halving and yes there’s a big possibility for that pump after the halving. In preparation to the big updates, the market price is also preparing and ending a year with a good price is a good indication of a bull trend. Reaching $45k this year is still possible, let’s be more bullish and positive for Bitcoin because we will benefit from this and our investments will be more worth it.

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Quote from: Wend on November 09, 2023, 09:50:24 AM

Quote from: Sexylizzy2813 on November 09, 2023, 09:21:07 AM

\
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.

According to your prediction, have we really entered the bull season while the halving is still very far away? The $45k goal for this month is really high for me. Bitcoin is up over 30% in the last 30 days and there has been no correction, so I think a correction will be needed in November or December before we conquer higher prices. I don't think we can reach $45k easily. Bitcoin is increasing in price amid the skepticism of many people, but don't be too subjective and unguarded.

$45,000 within November? If you asked me a few months ago, I'd say that it sounded impossible, but judging how quickly the price has increased in the past two months, I wouldn't be surprised if it happened. If not this month, it's also quite probably till the end of the year. I'm not into predictions either; I'm not too confident coming up with assumptions or believing anyone I see making any similar claims.

Assuming that we go through a correction phase, I don't believe that the price will go anywhere below $29,000 unless something significant happens that upsets the whole market. To be honest, I'm surprised that the price has risen so significantly before 2024; $40,000 isn't too far from our current position and is a very probable scenario for the upcoming few weeks.

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Quote from: Alpha Marine on November 09, 2023, 03:00:44 PM

Quote from: letteredhub on November 05, 2023, 06:10:47 PM

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 .

To me, it's not a ridiculous prediction.
I predicted 35k to $40k before the end of the year so it's not really surprising that someone else or something else will predict $45k
I don't believe it would have t to $45k this year though even though I'm secretly hoping for it to go above that.
If Bitcoin gets to $45k dollars it means we will most likely see a new ATH next year after the halving.

Currently, we are seeing the price had broke that resistance on $35k on which we did even hit up $37k as of this moment on which it is already anticipated that there would really be some corrections
and pullbacks knowing that it is really just increasing too much in a short period of time or even lets just say on the time of 24 hours on which this is something that the best time on trying out
to hedge in between buying low and selling high thing but if you are really that coming for long term then this is something that wont really be bothering you. There are really just those people who are really that
having their own ways or methods on how to deal up with this market.

Speaking about on AI prediction then we arent really that too far with that 45k price point on which a little <>8k price that we do have difference then
if things turns out to be positive here on this market specially on sentiments then there's a probability that we might re ally be that ending up with
this kind of price or level but of course everything would really be still not assurance.

Alpha Marine

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Quote from: letteredhub on November 05, 2023, 06:10:47 PM

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 .

To me, it's not a ridiculous prediction.
I predicted 35k to $40k before the end of the year so it's not really surprising that someone else or something else will predict $45k
I don't believe it would have t to $45k this year though even though I'm secretly hoping for it to go above that.
If Bitcoin gets to $45k dollars it means we will most likely see a new ATH next year after the halving.

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