Chat GPT do a TA about bitcoin | Bitcointalksearch.org

taufik123

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Quote from: justdimin on June 15, 2023, 08:11:41 AM

-snip-
If people started to think that chatgpt would be a great way for them to make money, they will end up all using it, and one thing could not make every single person richer, it just doesn't work that way, if the same answer made us all rich, who would be holding until the last moment will be the biggest loser. Think about it like pump and dump schemes, they suppose to buy all the same time, but some people buy later than others, and they say they will sell at the same time but some sell earlier than others.

At first, I thought so too, making TA by asking ChatGPT. Making special coding for Tradingview and such.
But when asking directly about TA, about price analysis for Bitcoin ChatGPT warned me that he couldn't do it and didn't give any predictions, just some trading tips.

As said, if ChatGPT gives the same answer then this is just like pump-and-dump practice.
ChatGPT only gives the data he knows but cannot give any predictions for the future.

justdimin

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Quote from: Unbunplease on June 14, 2023, 10:14:15 AM

If you could trust past time charts, and if everything matched up, almost everyone would be making money. But sooner or later things go wrong. If an event is repeated 3 times, there is no guarantee that the fourth time will be exactly the same. This is why ChatGTP should not be trusted - it bases its analysis on the past.

I agree completely, it's a total random market and that's what it will be like for a long time, we just can't do anything that would be too wild from the regular situation and just have to accept that this is what it is and that's why we need to forget about using chatgpt.

If people started to think that chatgpt would be a great way for them to make money, they will end up all using it, and one thing could not make every single person richer, it just doesn't work that way, if the same answer made us all rich, who would be holding until the last moment will be the biggest loser. Think about it like pump and dump schemes, they suppose to buy all the same time, but some people buy later than others, and they say they will sell at the same time but some sell earlier than others.

ningrum

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Quote from: Unbunplease on June 14, 2023, 10:14:15 AM

Quote from: justdimin on June 13, 2023, 10:30:14 AM

Yeah, I think when something that is a bit more current and a bit more that can check the data of today comes out, which will most probably, then we are going to see something but it will be always risky. I mean it's clear that we can always use the current setup of chatgpt, instead take it and feed it all the information we should, like basically upload all of CMC and that should more than enough, and then it can check the chart of it all and then we could see it give a bit of a solution or answer to it.

But will you really trust an AI and do what it says? Hell if it is actually doing alright and making you profit, then everyone would use it and then whatever it says will be very hard, it will always change based on who enters the last.

If you could trust past time charts, and if everything matched up, almost everyone would be making money. But sooner or later things go wrong. If an event is repeated 3 times, there is no guarantee that the fourth time will be exactly the same. This is why ChatGTP should not be trusted - it bases its analysis on the past.

Chat GPT can indeed answer an analysis of bitcoin prices but that's just speculation,
I once tried to ask questions about chemistry and mathematics on chat GPT and he was wrong,
of course from this we know that the answers from Chat GPT is not entirely true, so let's not continue depend and trust Chat GPT.

Unbunplease

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Quote from: justdimin on June 13, 2023, 10:30:14 AM

Yeah, I think when something that is a bit more current and a bit more that can check the data of today comes out, which will most probably, then we are going to see something but it will be always risky. I mean it's clear that we can always use the current setup of chatgpt, instead take it and feed it all the information we should, like basically upload all of CMC and that should more than enough, and then it can check the chart of it all and then we could see it give a bit of a solution or answer to it.

But will you really trust an AI and do what it says? Hell if it is actually doing alright and making you profit, then everyone would use it and then whatever it says will be very hard, it will always change based on who enters the last.

If you could trust past time charts, and if everything matched up, almost everyone would be making money. But sooner or later things go wrong. If an event is repeated 3 times, there is no guarantee that the fourth time will be exactly the same. This is why ChatGTP should not be trusted - it bases its analysis on the past.

SaveOurSea

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Quote from: 19Nov16 on June 13, 2023, 04:03:42 AM

AI technology that is developing rapidly certainly will not miss being able to present about bitcoin, what the company that developed AI for bitcoin is doing is of course the first step in further developments, it is natural that many people are afraid and ask countries to ban ChatGPT because it is a threat to many jobs.

Chat GPT is already part of the technology and even gpt chat will become a real ai robot in the future,
because it has been proven that chatgpt is able to interact with us, we cannot avoid this development,
and what we have to do is adapt and keep learning new things.

justdimin

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Quote from: 19Nov16 on June 13, 2023, 04:03:42 AM

AI technology that is developing rapidly certainly will not miss being able to present about bitcoin, what the company that developed AI for bitcoin is doing is of course the first step in further developments, it is natural that many people are afraid and ask countries to ban ChatGPT because it is a threat to many jobs.

Yeah, I think when something that is a bit more current and a bit more that can check the data of today comes out, which will most probably, then we are going to see something but it will be always risky. I mean it's clear that we can always use the current setup of chatgpt, instead take it and feed it all the information we should, like basically upload all of CMC and that should more than enough, and then it can check the chart of it all and then we could see it give a bit of a solution or answer to it.

But will you really trust an AI and do what it says? Hell if it is actually doing alright and making you profit, then everyone would use it and then whatever it says will be very hard, it will always change based on who enters the last.

19Nov16

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AI technology that is developing rapidly certainly will not miss being able to present about bitcoin, what the company that developed AI for bitcoin is doing is of course the first step in further developments, it is natural that many people are afraid and ask countries to ban ChatGPT because it is a threat to many jobs.

Chainsmokers

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I've tried ChatGpt and tried to find out about Bitcoin analysis, unfortunately Chatgpt really doesn't want to give an answer because he's not an expert haha,
if chatgpt is able to provide answers of course traders will feel happy because trading in bitcoin is getting more and more successful.
it is better to make your own TA and analyze it, because if you are able then you will be successful in the future.

Tytanowy Janusz

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Quote from: _BlackStar on June 10, 2023, 03:21:31 PM

AI should not be able to surpass human capabilities in many ways and I cannot trust AI any more than I can trust my own brain and experience in the market.

Although AI can predict prices to the best of its ability, the experience of a trader and an investor is the best practice that will support their investment plan. Especially in the long term - I stick to my own plan.

After reading books from Harari, Sam harris, David Eagleman and few more about human brain, how it works and how it evolve "from animals into gods" I don't think we are much of a different form AI. Our brain has only basic mechanisms at birth (Sucking Reflex, Babinski Reflex, Grasping Reflex, Moro Reflex) and then it gets a soup of random information from all senses and desperately looks for patterns in it constantly creating new neuromal connections if a pattern is "invented". AI is not much different in this regard. ChatGPT also got a soup of information from OPENAI and looks for patterns in it. The only real difference between us is the length of AI training (length of evolution of this new species) and the amount of information it has. Given the pace of AI development and moors law, AI will probably soon achieve an undisputed advantage over humans in every possible aspect. The only thing that will then differ us from AI will be the "soul given by God", but this is only an element of religion, not science.

Name one thing that makes you better than AI will be in 10 years from now.

Yatsan

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Quote from: _BlackStar on June 10, 2023, 03:21:31 PM

Quote from: Tytanowy Janusz on June 10, 2023, 02:47:29 AM

Quote from: _BlackStar on June 09, 2023, 10:00:34 AM

-snip-

But traders and their activies is determined by their predictions made on the basis of the calculus of probability, which again depends on the available data and general knowledge, in analysis of which AI is slowly surpassing us. Currently chatGPT is not good at making accurate price predictions. I agree with you. However, this is a linguistic model powered by human conversations, not a mathematical model powered by the price history of hundreds of thousands of assets in all possible time frames.

I believe AI may be useful for a trader's investment plan - but I do not completely agree that traders rely entirely on AI predictions. AI should not be able to surpass human capabilities in many ways and I cannot trust AI any more than I can trust my own brain and experience in the market.

Although AI can predict prices to the best of its ability, the experience of a trader and an investor is the best practice that will support their investment plan. Especially in the long term - I stick to my own plan.

AI could only utilize existing data programmed into it and not generate their own info. It happened that TAs are based from patterns and previous price movements such as determining the buyer's zone and seller's zone. So I guess AIs could be a good tool for investors as well but analysis would be and should be coming from the investor himself. AI's output does not include emotion and sometimes it plays a role in every investor's decision. Also with decision making whether to continue holding or setting a stop loss. However, the bottomline is, these will just be tools to help us and I agree that relying that much into it won't be advisable.

STT

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Automation efficiency can be exceeded by a bot over a human but not conclusions formed, the bot is just searching for answers to similar questions to the one you asked. When it finds relevant information which is a useful task it will format and present that to you but its made quite clear its just a reformulating the search data afaik.
Theres no comparison between the person and AI to me, the person is aware of the knowledge its collating far more then the AI which is doing a good job to categorize in various ways so thats everything is related. The conclusion is really still left to the person and often it wont be an immediate logical answer given but hopeful of some help in the pure data presented easily and while in a background window especially this kind of multi tasking is always going to be useful as a tool.
Its good they have give some autonomy to the computer to decide no your question is not correct, here I have found a direct contradiction that proves the answer is no. Thats useful but it has to be quite clear and plainly obvious for the AI to be answering fully yes or no I have found. It can be a learning aid I think, really awful when used to prove an essay answer etc. it would reflect badly on the student.

_BlackStar

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Quote from: Tytanowy Janusz on June 10, 2023, 02:47:29 AM

Quote from: _BlackStar on June 09, 2023, 10:00:34 AM

-snip-

But traders and their activies is determined by their predictions made on the basis of the calculus of probability, which again depends on the available data and general knowledge, in analysis of which AI is slowly surpassing us. Currently chatGPT is not good at making accurate price predictions. I agree with you. However, this is a linguistic model powered by human conversations, not a mathematical model powered by the price history of hundreds of thousands of assets in all possible time frames.

I believe AI may be useful for a trader's investment plan - but I do not completely agree that traders rely entirely on AI predictions. AI should not be able to surpass human capabilities in many ways and I cannot trust AI any more than I can trust my own brain and experience in the market.

Although AI can predict prices to the best of its ability, the experience of a trader and an investor is the best practice that will support their investment plan. Especially in the long term - I stick to my own plan.

Tytanowy Janusz

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Quote from: _BlackStar on June 09, 2023, 10:00:34 AM

LOL - I'm just not going to believe a lot of what they say in price predictions. Average answers will only point to probabilities and probabilities - so you still have to adjust at your own risk and do a reasonable analysis.

Try using Chat GPT to learn how to analyze bitcoin prices instead of using them to predict prices. Predictions will never be correct because the market is only determined by traders and their activities.

But traders and their activies is determined by their predictions made on the basis of the calculus of probability, which again depends on the available data and general knowledge, in analysis of which AI is slowly surpassing us. Currently chatGPT is not good at making accurate price predictions. I agree with you. However, this is a linguistic model powered by human conversations, not a mathematical model powered by the price history of hundreds of thousands of assets in all possible time frames.

Every human body is different and yet ... AI can predict cancer better than human.
https://www.medicalnewstoday.com/articles/ai-outperformed-standard-risk-model-for-predicting-breast-cancer

Its only a matter of time.

_BlackStar

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Quote from: Kadal Ijo on June 09, 2023, 09:50:33 AM

As an investment that is currently popular, of course Chat GPT takes advantage of the moment to provide information about bitcoin, this will certainly make the number of new users continue to increase so that one day the price of bitcoin can reach millions of dollars, now is a great opportunity to buy and don't miss it.

LOL - I'm just not going to believe a lot of what they say in price predictions. Average answers will only point to probabilities and probabilities - so you still have to adjust at your own risk and do a reasonable analysis.

Try using Chat GPT to learn how to analyze bitcoin prices instead of using them to predict prices. Predictions will never be correct because the market is only determined by traders and their activities.

Kadal Ijo

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As an investment that is currently popular, of course Chat GPT takes advantage of the moment to provide information about bitcoin, this will certainly make the number of new users continue to increase so that one day the price of bitcoin can reach millions of dollars, now is a great opportunity to buy and don't miss it.

Tytanowy Janusz

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Quote from: KingsDen on June 08, 2023, 04:03:54 PM

Ok, I have thought that it's such a crazy thing that will require some hacks from the backend.
Yea, it can remember previous conversations but when there are inconsistent data from different sources, the result will be somewhat inaccurate.

Yeah it's very inaccurate. The longer i use it the lesser I'm scared when reading articles "AI will kill us all". At least not in near future. The answer is very often stupid or at least wrong and slight changes in prompt generates complete different answers. You have to continue to ask untill answer start to sems plaseble.

KingsDen

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Quote from: Tytanowy Janusz on June 06, 2023, 04:35:36 AM

Quote from: KingsDen on June 05, 2023, 04:40:12 PM

Please, how were you able to provide it with current data? Please share with me. Thanks!

I've copied the daily OHLC from coinmarketcap and pasted into the discussion. GPT chat has no problems remembering what user said earlier in the conversation ... or at least that's what openAI claims, in fact it wasn't that easy, because the bot got lost when combining data from several messages, it didn't inform that some of the messages were lost by character limits, etc.

Ok, I have thought that it's such a crazy thing that will require some hacks from the backend.
Yea, it can remember previous conversations but when there are inconsistent data from different sources, the result will be somewhat inaccurate.

Dave1

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Quote from: Nrcewker on June 05, 2023, 09:01:13 AM

To be honest chat GPT is just a bot, which uses information available all across the web and then gives a detailed summarised answer based on this. Moreover many times it has provided inaccurate answers to some prompts also. So yes regarding investment plans, then I won’t suggest any bots for this. The TA that ChatGPT has done can also be done by you and that too more accurately if you have visited few good websites. Nevertheless ChatGPT is just another bot which makes small tasks easier.

Right and just like the trading bot that some of us have used, it makes our lives easier, as long as we know how to plug the parameters, everything will be automated for us.

Of course, I can understand your point, but who knows, it has been evolving very fast, not just in crypto world, but every other industries. You can even tell AI now to create a program for you. So that's how deep this AI industry for now and we can't discount that it might help us traders in the future, specially those who don't know how to do technical analysis.

Fatunad

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Quote from: Tytanowy Janusz on June 07, 2023, 10:17:05 AM

Quote from: ZAINmalik75 on June 06, 2023, 08:05:47 AM

It's interesting to see that how AI Chat GPT help you but in my mind you and everyone should avoid it because here huge kind of risk involved, as from different people review there are alot of mistake done dy Chat GPT in different aspects and still ongoing so doing Technical Analysis from AI will cost you too expensive Because it's not like a human who will be responsible for any kind of loss through his Technical Analysis .
As for better Technical Analysis you have to done it by yourself because let suppose you lose money by your own Analysis will not hurt you much as because on the others hand it will teach you a lesson and help you to gain experience.

I didn't mean to try to convince you to blindly listen to the AI. I will tell you on my example. I've been 100% leaving from trading for 7 years and yet I follow on twitter few TA bitcoin "specialists" as well as some macroeconomics "specialists". Not because I don't trust myself or because I want to copy-trade them. I do this to compare my analysis with someone else's and to include in my analysis things that I may have forgotten or missed. therefore, I deliberately choose people who often have opposite views to mine, because subjective human brains are much better at looking for confirmation of their theories than counterarguments. AI in this case can replace or complement "experts".

Depends on a certain approach because there are ones who do really praise up AI existence and there are ones who would really be still that dubious on what it do.Yes, its true that it is really that something beneficial
when it comes to other aspect but we should really be that wary and sensible enough to differentiate on which one is a realistic approach and which one is delusional or really that simply be able to determine among the two. If you do see that applying out ChatGPT analysis is something that relevant or beneficial then it would really be on your choice whether you would really be continuing on making use of it or would really
be sticking on your own.

There are really moments on which on the time that we are really experiencing some losses no matter how well we do and this is why we do really think off for some alternative which is really that a common approach.
So its a personal choice which one you would really be using whether basing up on AI suggestions or you would really be sticking on your own analysis.

Tytanowy Janusz

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Quote from: ZAINmalik75 on June 06, 2023, 08:05:47 AM

It's interesting to see that how AI Chat GPT help you but in my mind you and everyone should avoid it because here huge kind of risk involved, as from different people review there are alot of mistake done dy Chat GPT in different aspects and still ongoing so doing Technical Analysis from AI will cost you too expensive Because it's not like a human who will be responsible for any kind of loss through his Technical Analysis .
As for better Technical Analysis you have to done it by yourself because let suppose you lose money by your own Analysis will not hurt you much as because on the others hand it will teach you a lesson and help you to gain experience.

I didn't mean to try to convince you to blindly listen to the AI. I will tell you on my example. I've been 100% leaving from trading for 7 years and yet I follow on twitter few TA bitcoin "specialists" as well as some macroeconomics "specialists". Not because I don't trust myself or because I want to copy-trade them. I do this to compare my analysis with someone else's and to include in my analysis things that I may have forgotten or missed. therefore, I deliberately choose people who often have opposite views to mine, because subjective human brains are much better at looking for confirmation of their theories than counterarguments. AI in this case can replace or complement "experts".

Topic: Chat GPT do a TA about bitcoin (Read 462 times)