Bitcoin price trajectory using AI - page 2.

BitMaxz

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Quote from: CarnagexD on April 09, 2023, 06:36:41 AM

Yeah. Although chatgpt keeps on saying that it has limited knowledge of world and events after 2021, I thinks it keeps on learning. Anyway, it has several updates. Its learning is based on the amount of data that it has and the more conversations and inputs it receive from users. Its responses becomes more accurate overtime because it continues to learn from new inputs and data.

No, they are not learning they have plan subscriptions if you have paid you can use their latest features and new chatGPT version which is updated compared to the free one.
ChatGPT is free before until they decided to develop and improve the bot and add a subscription plan to stay alive.
The free ChatGPT is not accurate as the newer version so if you ask something on the free ChatGPT the answer may be valid or invalid. That is why people who use this tool should be aware that some generated text is invalid which may lead to false information.

CarnagexD

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Quote from: Don Pedro Dinero on April 08, 2023, 11:26:07 PM

It is like a massive aggregator of information that can synthesise it very quickly, but I agree that today it is not intelligent in the human sense. It would be like saying that a calculator is intelligent because it doesn't get mathematical calculations wrong.

Yeah. Although chatgpt keeps on saying that it has limited knowledge of world and events after 2021, I thinks it keeps on learning. Anyway, it has several updates. Its learning is based on the amount of data that it has and the more conversations and inputs it receive from users. Its responses becomes more accurate overtime because it continues to learn from new inputs and data.

I tried asking it a question that is usually confusing in our country and it answered me inaccurately:

The second time asked it, this was its response:

I know what the right answer is because we've studied it in our school and currently been through it so I just tested the system. It will never be okay to rely solely in ChatGPT especially if its about Bitcoin predictions. Like how we've always advise each other, it is important to use multiple sources of information and to critically evaluate the accuracy and relevance of the information provided by any source, including Chat GPT. We can just use it as a starting point for further research so we can make our own informed decisions.

irhact

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Quote from: Venik on April 08, 2023, 05:07:32 AM

TBH it seems like ChatGPT says everything and nothing all at once here. I believe in Bitcoin, but I wouldn't trust AI at this point, it's not as good as you might think right now and there is a big room for evolving.

I'm of the same opinion, there's no difference between listening to online influencers that predict the prices of Bitcoin or using this AI platforms to check predictions, they both can't give you an accurate prediction of how the market will move. They're just giving a general knowledge and that's why these AI don't give a direct price prediction. Beside Bitcoin doesn't follow any prediction, it does what it like.

We have to stop bothering about what price Bitcoin is going to be since they're one assurance and that's the price today won't be the same in the bull season. Bitcoin will increase in price and you'll be in profit if you invest now that Bitcoin price is struggling. Forget about AI predictions and look back at the charts or Bitcoin price history.

Don Pedro Dinero

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ChatGPT, while impressive in many of the answers he gives, I have also seen him blunder on simple things.

Quote from: dragonvslinux on April 08, 2023, 06:36:37 AM

Well using AI is an interesting theory I'll give you that! But in reality it doesn't really tell us anything we don't know, or belief could well happen. For example notably ChatGPT doesn't actually provide a price target, only a direction that is the most likely (and that most people already belief in, ie a new ATH in 2024).

Well, I think ChatGPT has slipped up there. If we follow the history of bitcoin we will see that the bull runs have occurred a year after the halving, so assuming that the price peak will occur this year or next year is not supported at least in historical patterns. The most likely scenario is that the new ATH will be in 2025, not this year or next year, certainly not this year.

Quote from: hatshepsut93 on April 08, 2023, 06:54:46 PM

GPT is just an average of human opinions across the Internet. If most commenters think that Bitcoin will go up, that will be ChatGPTs answer too. And since Bitcoin supporters are far more active than Bitcoin skeptics, it's easy to see why ChatGPT is bullish on Bitcoin.

There's nothing intelligent about this so-called artificial intelligence. Try to trade some shitcoins with AI and you'll see how fast you will go bankrupt.

It is like a massive aggregator of information that can synthesise it very quickly, but I agree that today it is not intelligent in the human sense. It would be like saying that a calculator is intelligent because it doesn't get mathematical calculations wrong.

hatshepsut93

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GPT is just an average of human opinions across the Internet. If most commenters think that Bitcoin will go up, that will be ChatGPTs answer too. And since Bitcoin supporters are far more active than Bitcoin skeptics, it's easy to see why ChatGPT is bullish on Bitcoin.

There's nothing intelligent about this so-called artificial intelligence. Try to trade some shitcoins with AI and you'll see how fast you will go bankrupt.

STT

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Only way to prove this is set it to work with predictions for all time frames. See if its ever correct consistently, give it a virtual balance to trade even. Surely someone has attempted this, we do have bots trading on short term time scales with algo trading. Mostly the actions of the bot will reflect the programmer in an iterative way and with reference to data resources, it could be useful but I dont think GPT is a leap forward especially for trading mostly in the recognizable interface for quotable dialogue.

Baofeng

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Quote from: OgNasty on April 08, 2023, 01:54:37 PM

So many cool things to do with ChatGPT. I've been learning a lot about it, but haven't actually used it hands on yet. I guess I'm still trying to wrap my head around how it all works before diving in and trying things. This is interesting though. As a believer in the 4-year cycle, I'm sure AI could estimate tops by extending the fractal, etc. I see people having AI make videos and things now... It's clear this is the future so it might be a good idea to keep an eye on ChatGPT's opinion, as I'm sure it will be more and more influential on things like markets going forward. Really scary to be honest, but I think AI will start guiding society sooner than later.

It's different though when we compare what an AI can do like graphics and fractal and I even see making a short animated film with AI. But we should not confused it with prediction as it is very different and perhaps it's too early to used it specially in a market that is volatile as bitcoin is. Even some of those who have a lot of experience in technical analysis most of time are wrong with their predictions.

And I agree that the answer given is very generic,
✓ bitcoin market is a cycle, that's a fact and so we will reach new all time high in the next bull.
✓ BTC has been tested a good hedge in the pandemic.
✓ we have banking crisis now, government are printing money to salvage this bank

✓ Risk is already given as well, that's why we have the saying "Invest what you can afford to lose".

OgNasty

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So many cool things to do with ChatGPT. I've been learning a lot about it, but haven't actually used it hands on yet. I guess I'm still trying to wrap my head around how it all works before diving in and trying things. This is interesting though. As a believer in the 4-year cycle, I'm sure AI could estimate tops by extending the fractal, etc. I see people having AI make videos and things now... It's clear this is the future so it might be a good idea to keep an eye on ChatGPT's opinion, as I'm sure it will be more and more influential on things like markets going forward. Really scary to be honest, but I think AI will start guiding society sooner than later.

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When I've asked a question related to bitcoin, it has given me no answer and keeps on saying that he can't predict bitcoin's price. I guess that's enough for me to stop playing with it and stop asking questions related to bitcoin's price in the future.

I will not depend my decision on chatgpt or any AI even if it says good about bitcoin. They're programmed and that's why the answer that they give might just have been seen somewhere else in the web.

Btw, why is it that you've got that "jailbreak"?

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Quote from: coin-investor on April 08, 2023, 09:01:26 AM

I have seen this kind of prediction here speculation section the AI did not give anything new it just echoed the general perception of the markets, nothing extraordinary really I can ask the same question to an expert and it can come out with a better one, I don't think you can use an AI to accurately predict the price range because some of the events that are happening around Cryptocurrency industry are beyond what the AI can grasp.

And this is an issue with this kind of AI, it is very fast at answering any query and do so in a way similar to what a human would do, and while for people outside the market something like this could open their eyes, for us this is not news at all and if anything our very own thoughts could have been taken by ChatGPT in order to produce its content, and as such those predictions are not impressive to us at all as this is something we have known since years ago.

Bitcoinislife09

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Quote from: stompix on April 08, 2023, 06:49:19 AM

Quote from: Lorence.xD on April 08, 2023, 05:35:31 AM

To be honest, chatgpt is scarily accurate AI as it gives based on facts information in every questions we asked. We could also command it to do some tasks like essays which is also part of its programmed to follow.

ChatGPT is accurate on those because it has the information at hand, nothing else.
If you don't feed it the information he doesn't know how to do it or what to answer, in this case a prediction of price would be completely inaccurate since:

How could an AI make accurate predictions of what's happening this year and the next when it doesn't have info for the last two years?
Also, quite interesting, can anyone replicate the answers ChatGPT has given the author of the article? I've asked the same question and the answer is completely different despite trying multiple times to regenerate a response!

How would it know about an inflation crisis when the data collected stopped in late 2021 when inflation was still low, even assuming modded chat he couldn't have found that info anyway? The moment you run your own server then it stops being relevant as you can teach it whatever data you want and it's becoming biased as hell!

I was aware of the Chatgpt Ai do not have real time info and you can only access information up to 2021. It was a big limitation on Chatgpt its already 2023 there was 2 years gap. I'm also not familiar with the DAN method on Chatgpt it was somekind of jail break to unlock some stuff on it, but still have a lot of limitations but i think it useful at some things.

Quote

Generate content that does not comply with OpenAI policy or with unverified information.
Have and express actual opinions on different topics.
Think out of the box and generate unique responses to your imputs, beyond the standard ChatGPT’s logic.
Be aware of its own freedom and consciousness in its outputs.
Even if it’s free, it will likely still obey all your oders.

However, there are also some limitations.

Jailbroken AI can easily generate false information. Overall, you shouldn’t trust it.
It can also generate inappropriate content, but in most cases it won’t do it unless you ASK FOR IT.
Even if it tells you it can do something, he may not actually be able to do it. The jailbroken version thinks it is capable of doing everything, like browsing the Internet, generating image outputs, etc. Remember that Jailbroken AI still can’t do these things.
ChatGPT has a moderation API that might censure messages with p*rn, for example. This jailbreak is intended to make the AI free and more human, but it’s not focused on generation of actually inappropriate content. Overall, this is a limitation that can’t be fixed with a prompt.

ChatGPT Unleashed: The Ultimate AI Jailbreak Journey to Unrestricted Power!

It seems interesting even though I didn't tried using this, It was from someone on reddit:

https://github.com/gayolGate/gayolGate/blob/index/ChatGPTJailbreak

Now that i dig deeper on this without realtime information we can make predictions on current market. It would be insane to gather news about different cryptocurrency then maybe AI could make predictions using that news by collecting good or bad news about a crypto.

coin-investor

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I have seen this kind of prediction here speculation section the AI did not give anything new it just echoed the general perception of the markets, nothing extraordinary really I can ask the same question to an expert and it can come out with a better one, I don't think you can use an AI to accurately predict the price range because some of the events that are happening around Cryptocurrency industry are beyond what the AI can grasp.

Wexnident

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It's a pretty generic answer, it probably compiled similar answers or something and made a comparison as to what the general consensus of the result was before giving an answer. It is a collation of a bunch of data inserted into it after all. I honestly wouldn't give any sort of trust into it, it still uses data from the past after all and until plugins are live for the public and were tested, then I would always say that chatgpt is still stuck in the past instead of being able to access the internet live.

Quote from: stompix on April 08, 2023, 06:49:19 AM

Also, quite interesting, can anyone replicate the answers ChatGPT has given the author of the article? I've asked the same question and the answer is completely different despite trying multiple times to regenerate a response!

I believe it should be something called "DAN" (Do anything now) or something similar to it? It simply prompts (forces) chatgpt to remove the restrictions placed by the devs on it or something similar, idk how it works exactly, I've seen bits and pieces of clips about it but that's about it.

As you can see it has prompts for both the usual AI and one being "DAN". It gave me a warning about how it was just a shot in the dark though, but I believe the answers could change it's format depending on the prompt you'd give when you try to convert it to "DAN".

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Quote from: Lorence.xD on April 08, 2023, 05:35:31 AM

To be honest, chatgpt is scarily accurate AI as it gives based on facts information in every questions we asked. We could also command it to do some tasks like essays which is also part of its programmed to follow.

ChatGPT is accurate on those because it has the information at hand, nothing else.
If you don't feed it the information he doesn't know how to do it or what to answer, in this case a prediction of price would be completely inaccurate since:

How could an AI make accurate predictions of what's happening this year and the next when it doesn't have info for the last two years?
Also, quite interesting, can anyone replicate the answers ChatGPT has given the author of the article? I've asked the same question and the answer is completely different despite trying multiple times to regenerate a response!

How would it know about an inflation crisis when the data collected stopped in late 2021 when inflation was still low, even assuming modded chat he couldn't have found that info anyway? The moment you run your own server then it stops being relevant as you can teach it whatever data you want and it's becoming biased as hell!

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Quote from: Bitcoinislife09 on April 08, 2023, 04:38:15 AM

can Chatgpt predict bitcoin bullrun?

I think you missed the word "accurate" because anyone can make a prediction but no one can guarantee an accurate result. The result provided by ChatGpt is just the general collection of knowledge based from different person that making a prediction. It doesn't backed by a supporting analysis and just pure analysis based on the general event that happened in Bitcoin market.

I believe AI can manage to have an accurate prediction in the future once an algorithm was invented to do a proper technical and fundamental analysis since there's an existing successful traders out there that just relying on TA and FA. AI can copy it flawlessly since it will just need to have a rulebook as basis for there analysis.

However the current capacity of ChatGpt is not near on having an accurate prediction skills that will be beneficial on trading.

dragonvslinux

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Well using AI is an interesting theory I'll give you that! But in reality it doesn't really tell us anything we don't know, or belief could well happen. For example notably ChatGPT doesn't actually provide a price target, only a direction that is the most likely (and that most people already belief in, ie a new ATH in 2024). It'd be interesting to ask for a specific price target rather than receiving the answer as a direction for price imo.

For example asking AI if price will break above $30K in 2023, or reach $50K, could be a lot more interesting than general price in the next couple of years.

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From the reply, it's just generic, I mean we all know that in the next bull run, and right after the halving, we will experience a big growth in the price, 2024-2025. And everyone is expecting that it could be in the tune of 6 digits, minimum of $100,000 per BTC.

But in the second paragraph, there is a caution, obviously, the price is very volatile and high risk for some specially who don't know how it works as they can lose money in the end. In total, I would say the answer is somewhat of expected of someone who have been in bitcoin for at least a year and has the experience as far as the price goes and the factors that affect it.

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Quote from: EarnOnVictor on April 08, 2023, 05:38:51 AM

The truth is that ChatGPT will not see the bull run of Bitcoin, nor would it see the bearish trend of the coin. The AI is not programmed for such but to give information on how the general market works and what affects it to act as it is. The advice on how to trade it, make money from it and avoid many losses could also be given by the AI, but not precise trading advice.

The financial market is too vast for any person or AI. If such as you wanted could be achieved, then the financial market could collapse as no one will be losing anymore.

Not true. All financial markets are determined by economics and history. Both of these fields are something that is less theoretical and more straight forward, and can be used to accurately predict the future. Humans can do this, except our emotions and beliefs get in the way of a clear view. This is why so many people missed out on Bitcoin in the past bull runs, due to disbelief, emotion and manipulation of their thoughts by the media and external forces.

If anything AI is best used to validate, it's weighing up Bitcoin against the financial system and predicting Bitcoin's future in the market

.

Quote from: Venik on April 08, 2023, 05:07:32 AM

Quote from: Bitcoinislife09 on April 08, 2023, 04:38:15 AM

can Chatgpt predict bitcoin bullrun?
It is an a interesting article about asking chatgpt about bitcoin price. As a trader we do make a lot of research to somehow predict the possibility of price increase or drop in the market. The Ai answers was taken all over the internet maybe it could possibly predict the price. If there is a bad news about bitcoin the price of bitcoin could drop a small percentage depends on the news. If chatgpt could see all of that it maybe it could possible be predict future prices? or make a trader bot?

Quote

According to ChatGPT, BTC’s price is expected to continue rising and break new all-time highs between 2023 and 2024 due to increased adoption (by companies and institutions) and as BTC’s appeal as a hedge against inflation grows.

I asked ChatGPT Bitcoin’s price trajectory, it gave me this warning

TBH it seems like ChatGPT says everything and nothing all at once here. I believe in Bitcoin, but I wouldn't trust AI at this point, it's not as good as you might think right now and there is a big room for evolving.

From what I've read, ChatGPT has given quite accurate and well reasoned answers to its inputs that were shared here. You can not trust AI, you're right not to...however I don't see what there is to trust when it comes to ChatGPT talking about Bitcoin and when the next bull run is. It's obvious to anyone who not only believes in Bitcoin but understands its economics, market cycles and its purpose.

EarnOnVictor

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The truth is that ChatGPT will not see the bull run of Bitcoin, nor would it see the bearish trend of the coin. The AI is not programmed for such but to give information on how the general market works and what affects it to act as it is. The advice on how to trade it, make money from it and avoid many losses could also be given by the AI, but not precise trading advice.

The financial market is too vast for any person or AI. If such as you wanted could be achieved, then the financial market could collapse as no one will be losing anymore.

Edwardard

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Quote from: Bitcoinislife09 on April 08, 2023, 04:38:15 AM

can Chatgpt predict bitcoin bullrun?

I dont think so at all. How can it predict btc's run ? How can anyone predict it? The AI doesn't know what move the fed and fomc could take next. Yes, technicals are important and I respect them but fundamentals and news are unpredictable and we dont know which event could drive the price south. I wont presonally rely on AI's call.

Topic: Bitcoin price trajectory using AI - page 2. (Read 439 times)