But chatgpt predictions seem to be good.
I don't think so, I rather believe my own TA than them. 
Topic: Chat GPT do a TA about bitcoin - page 3. (Read 462 times)
I tried before using AI tools and asked them especially related to financial matters, they always have disclaimers and didn't have clear explanations when it comes to predictions. The most thing that I hated most is that they always said, is their data was based on 2021 and beyond. So IMO, chatpgt is total waste of time relying on them but about TA on Bitcoin price.
This is quite interesting, but if I talk about data-related issues, as I do in the regular version, the market analysis data is only available until 2021. This is old information, and it is not true with the market at the moment, so the determination of the plan really does not seem to be very correct. But anyway, the AI has done a very good job at what it is capable of; it is still developing, and hopefully in the future there will be more complete and improved upgrades to help the community as well as investors in the cryptocurrency market.
Recently, I started experimenting with AI tools. They are incredible tools with tremendous potential, but also full of errors. Out of curiosity, I asked Chat GPT for predictions on future Bitcoin prices. Of course, it immediately mentioned that it only has data up until 2021. After providing it with the current data from the last six months, it generated the following prediction. What do you think of it, and what are your thoughts on the potential of AI in technical analysis?
The AI may be as that good enough to believe in what data analysis they present us but that doesn't mean they are hundred percent 100% accurate and keen for acceptance, they also work in line base on the level of the programming made on them to perform a particular task, this is one of the reasons the use of AI is not an acceptable means of postings on this forum's signature campaigns, the end result they may later generate for you may not be as adequately equal to the expected results or the real state or what the future may landed at.
The cryptocurrency market experienced an unprecedented surge in both the number and value of assets during the past few years, peaking in November 2021 before plummeting in the spring of 2022. In the cryptocurrency space, AI is being utilized for tasks such as price prediction, fraud detection, and market analysis. Every chat member is vetted to avoid trolls, noise, and unnecessary chatter. TradingView, for example, is one of the most popular resources for traders wishing to conduct technical analyses.
I was curious so I also asked chatgpt what will be his technical analysis on its price within 3-5 days from now? and this was chatgpt answer.
Of course, to some it may be true and to others it may not, it just depends on what each individual in this forum believes. But chatgpt predictions seem to be good. But of course the value will still be based on the demand of the investors.
In fact the price of bitcoin has not traded at $29k in the last 24 hours where the highest price reached was $28.4k, so the data and predictions are completely unreliable. Obviously one should never rely on AI to perform technical analysis of bitcoin prices, they can never be better than your own experience and knowledge - trust me. Quote
According to my technical analysis, the price of Bitcoin is likely to remain volatile in the next 3-5 days. The price is currently trading at $29,000, and it is possible that it could reach a high of $30,000 or a low of $28,000. The price will likely be influenced by a number of factors, including the overall market sentiment, news about Bitcoin, and the performance of other cryptocurrencies.
Of course, to some it may be true and to others it may not, it just depends on what each individual in this forum believes. But chatgpt predictions seem to be good. But of course the value will still be based on the demand of the investors.
This is as crazy as it gets and shouldn't be used. AI would give you just the data it is provided and nothing more, it doesn't "think" for itself, it is fed with data and then shares that with you when you talk to it. There are a million trading bots that have this, they could be considered "AI" in the same sense as well and I have used plenty of them, they check the situation and they end up investing or trading based on the data they are fed in the end. That doesn't guarantee any sort of profit and you shouldn't be expecting that neither.
I get that it will be an important deal and we will probably see something not changing all that much, but if we could just accept this and move on for a little while then AI will be getting better in the future and we can rethink again.
I get that it will be an important deal and we will probably see something not changing all that much, but if we could just accept this and move on for a little while then AI will be getting better in the future and we can rethink again.
I was curious so I also asked chatgpt what will be his technical analysis on its price within 3-5 days from now? and this was chatgpt answer.
Of course, to some it may be true and to others it may not, it just depends on what each individual in this forum believes. But chatgpt predictions seem to be good. But of course the value will still be based on the demand of the investors.
Quote
According to my technical analysis, the price of Bitcoin is likely to remain volatile in the next 3-5 days. The price is currently trading at $29,000, and it is possible that it could reach a high of $30,000 or a low of $28,000. The price will likely be influenced by a number of factors, including the overall market sentiment, news about Bitcoin, and the performance of other cryptocurrencies.
Of course, to some it may be true and to others it may not, it just depends on what each individual in this forum believes. But chatgpt predictions seem to be good. But of course the value will still be based on the demand of the investors.
There is nothing good about the prediction given you by chatGPT about bitcoin in 3-5 days. Infact there is no speculation at all, nothing concrete. It is just an assumption that anyone, including a layman can make.
Imagine that the price is @ $29k and bit told you that it is likely it will reach as high as $30k or as low as $28k with 3 to 5 days. The bot technically took both sides of the coin, so there was no special prediction there.
I was curious so I also asked chatgpt what will be his technical analysis on its price within 3-5 days from now? and this was chatgpt answer.
Of course, to some it may be true and to others it may not, it just depends on what each individual in this forum believes. But chatgpt predictions seem to be good. But of course the value will still be based on the demand of the investors.
Quote
According to my technical analysis, the price of Bitcoin is likely to remain volatile in the next 3-5 days. The price is currently trading at $29,000, and it is possible that it could reach a high of $30,000 or a low of $28,000. The price will likely be influenced by a number of factors, including the overall market sentiment, news about Bitcoin, and the performance of other cryptocurrencies.
Of course, to some it may be true and to others it may not, it just depends on what each individual in this forum believes. But chatgpt predictions seem to be good. But of course the value will still be based on the demand of the investors.
This is kind of interesting, even if worth taking with a large pinch of salt 
Out of interest did you also provide it with human-based analysis of Bitcoin's price, such as tradingview publications, or merely the price data? As it seems to be regurgitating a lot of analysis already out there imo. Therefore it seems likely it has categorised the possible outcomes based on the amount of analysis provided on these outcomes, as opposed to "forming" it's own statistical analysis.
Out of interest did you also provide it with human-based analysis of Bitcoin's price, such as tradingview publications, or merely the price data? As it seems to be regurgitating a lot of analysis already out there imo. Therefore it seems likely it has categorised the possible outcomes based on the amount of analysis provided on these outcomes, as opposed to "forming" it's own statistical analysis.
ChatGPT does not have access to the internet. The data it is based on ends in 2021, and what comes after that is very fragmented and incomplete. So, the analysis I shared with you is not based on other online analyses of current bitcoin price change. The data the model received from me consists of daily OHLC (Open, High, Low, Close) prices starting from January 2023. The analysis seams to be based on that, price action before 2021 and old analysis that model already had.
So if ChatGPT isn't analysing human-based analysis, I assume it's using available generic technical analysis (ie publicly available information) to analysis the current price based on OHLC? It'd therefore make sense why the analysis is relatively in-line with other human-based analysis, if it is simply applying general TA to Bitcoin's current price. I guess you could say it's reassuring in that sense.
Also, although bullish predictions have been made short to long-term, there is notably no possibility of a bearish outcome here? Ie 100% of the outcomes are bullish which seems completely unrealistic, even if price is to continue higher. Either way, I'd be interested to hear updates from Chat GPT if you are willing to feel it the latest data in the future, in order to see how accurate these predictions are!
It seems to me that these percentages do not add up to 100%, because they relate to different time intervals. The bot seems to give the most likely scenario for a given period and gives its probability. The second analysis seems better.
Fair enough, that makes sense. You're right that the TA on different time-frames would be independent of each other, and therefore the percentages shouldn't be considered cumulative.
Thanks for the answer. Yes, I think it's an interesting topic and I'll try to update the thread with current analysis as well as improve the prompt for AI to get better answers in future.
Looking forward to future updates. If I had to guess, it could well analyse Bitcoin's price using technical analysis theories better than humans, as will do so without emotion.
As AIs are being developed and advanced, cautiousness is also being adhered to so that it will not be in violation of anything. Despite this, many are still complaining and some clamours for the halt of the Al projects which I think is not possible at this early stage. Besides, what you stated above could only mean that ChatGPT on its own is being limited to some features and clues about the market so that people would not be using it to chase shadows for their selfish interests, which will, in turn, violate some rules of the financial market. Nonetheless, if the AI has the information and capability to read the future price of the market, it won't still be productive, do you know why? It's because it will always rely only on the data at its disposal, but the market is too dynamic for that, it can't be rigged by any robot, and there is no central control for the financial market. Conclusively, there is no holy grail anywhere and there will never be.
1- using AI to make money in the market is not a violation of anything. Just like in the 17th century, the use of technical analysis at the time when it was just being created, only a handful of people had access to it, thanks to which it easily outplayed the rest.
2- you say that AI will not cope with the market even with all available data. So how does a person cope? After all, in most cases, he knows nothing more than what he sees and reads on the Internet.
My problem with such applications is the increase in trust. Many consider it like a specialized expert who has years of experience. While these algorithms need real-time analysis, they still need a lot of time before the data is real. This is if we assume that it is possible to obtain an accurate prediction.
It's closer to the proverb lie lie lie and they will believe you, people will believe Chat GPT and with the passage of time even the lie of AI will become true because people will start making their investment plans based on those tips, these tips are what will move supply and demand and so the price, just as Elon Musk's tweets do.
It's closer to the proverb lie lie lie and they will believe you, people will believe Chat GPT and with the passage of time even the lie of AI will become true because people will start making their investment plans based on those tips, these tips are what will move supply and demand and so the price, just as Elon Musk's tweets do.
Recently, I started experimenting with AI tools. They are incredible tools with tremendous potential, but also full of errors. Out of curiosity, I asked Chat GPT for predictions on future Bitcoin prices. Of course, it immediately mentioned that it only has data up until 2021. After providing it with the current data from the last six months, it generated the following prediction. What do you think of it, and what are your thoughts on the potential of AI in technical analysis?
As AIs are being developed and advanced, cautiousness is also being adhered to so that it will not be in violation of anything. Despite this, many are still complaining and some clamours for the halt of the Al projects which I think is not possible at this early stage. Besides, what you stated above could only mean that ChatGPT on its own is being limited to some features and clues about the market so that people would not be using it to chase shadows for their selfish interests, which will, in turn, violate some rules of the financial market. Nonetheless, if the AI has the information and capability to read the future price of the market, it won't still be productive, do you know why?It's because it will always rely only on the data at its disposal, but the market is too dynamic for that, it can't be rigged by any robot, and there is no central control for the financial market. Conclusively, there is no holy grail anywhere and there will never be.
It is fun to ask AI's since they tend to give different answer if we reconfirm our questions, like when I reconfirm the AI's answer it gives me this answer
you have to be careful because AI doesn't know what truth is. He is constantly making up and pouring water using the probability to write the next word of his speech. Nothing more. And since the whole thing sounds likely, we humans automatically think it's true. Nothing could be more wrong.
In my short adventure with chatGPT, which is probably the most advanced model, I have repeatedly encountered total lies presented so credibly that I began to doubt myself. The mere fact that gpt chat is not connected to the internet. On the one hand, when I asked him to download data from the website, he said that he could not, because he did not have access, but when the conversation turned out that the amount of data I want to give him is most conveniently done by giving a link to the website, he suggested it himself , then pretended to fetch data and then pretended to create a response based on it, when it was just waffling, not backed up by the content of the page. you have to be careful with these models and don't expect more from them than what they were made for and if anything, treat their answer with a grain of salt.
I hope someone will be curious to experiment with real money on some trades so as to draw a more complete conclusion whether the AI's predictions are accurate enough or not. So far, AI chatbots have had many objections about the integrity of the information provided, especially talking about the future.
(....)
You already know the answer here, and these AI always have disclaimers if your questions are about financial like this financial advice which involves money and you can lose your money if AI is wrong.(....)
So for me, not relying on these AI at the beginning is always good, it's like prevention better than cure.
It is good that almost all of the bot predictions are positive about the rise of Bitcoin in the medium and long term. This makes me optimistic, although not all predictions can be 100% accurate.
It would be a good idea to keep an eye on the topic updates to see how advanced the bot can be in predicting bitcoin prices and what percentage of the predictions are accurate.
It would be a good idea to keep an eye on the topic updates to see how advanced the bot can be in predicting bitcoin prices and what percentage of the predictions are accurate.
Of course, it immediately mentioned that it only has data up until 2021.
I understand that future versions will use real-time data, especially in paid versions.
What I think is that they will be widely used in a few years, but as a tool that helps, like many others, without using it we can have 100% certainty that it will be successful, far from it.
it's very interesting that you asked about the price of Bitcoin on ChatGPT and the answer was bullish,
from TA and history it has also been said that the price of Bitcoin has indeed started a bullish trend so we must be optimistic that ChatGPT is also correct,
let's hold Bitcoin and don't sell it at a cheap price!.
from TA and history it has also been said that the price of Bitcoin has indeed started a bullish trend so we must be optimistic that ChatGPT is also correct,
let's hold Bitcoin and don't sell it at a cheap price!.
From what I see ChatGPT thinks the same as me. At the heights we are at, I am also bullish: there is less than a year left for the halving and in the future, if we base ourselves on the past history of bitcoin, which is the only thing we have, the price can only go up, with ups and downs, but rise in the medium and long term.
I hope someone will be curious to experiment with real money on some trades so as to draw a more complete conclusion whether the AI's predictions are accurate enough or not. So far, AI chatbots have had many objections about the integrity of the information provided, especially talking about the future.
If they 're accurate enough and start to become the main tool of trading, maybe gradually there will be a significant change in market variables, so that all the technical analysis that we have known for a long time will no longer work.
If they 're accurate enough and start to become the main tool of trading, maybe gradually there will be a significant change in market variables, so that all the technical analysis that we have known for a long time will no longer work.
it's very interesting that you asked about the price of Bitcoin on ChatGPT and the answer was bullish,
from TA and history it has also been said that the price of Bitcoin has indeed started a bullish trend so we must be optimistic that ChatGPT is also correct,
let's hold Bitcoin and don't sell it at a cheap price!.
from TA and history it has also been said that the price of Bitcoin has indeed started a bullish trend so we must be optimistic that ChatGPT is also correct,
let's hold Bitcoin and don't sell it at a cheap price!.
With medium and long-term predictions, it would take us decades to acquire enough data to judge just how accurate ChatGPT is. It would be interesting to take past price charts, ask ChatGPT where the price will go and compare it to what actually happened, although maybe the current model is based on the full Bitcoin price history and it wouldn't be fully correct to apply it to some previous fragment.
In talking about future prices or predictions then it would really be just that normal that there would really be some connecting scenario on what happened in the past would really be pass or would really be not that surprising that it will really be that pertain or in connection into the future. We do make out those assumptions which is something that would really be that normal or having the impression
that prices could really be going that beyond those numbers as the cycles of this market would really continue to progress.
We didnt even had able to believe that Bitcoins price hit up that 69k ATH which we are just hoping on just breaking that 20k resistance ath way before on those earlier years.
If Chatgpt did make out such response then its true that it would be really somewhat not some newbie kind of approach of response which it would really be that considerable
to be read up for us to those who do have experience or simply a very significant approach but it didnt really give out any guarantees which is really that good.
What it had provided for its probability is like a safe term to be given even by someone who analyzes the market.
It seems to me that these percentages do not add up to 100%, because they relate to different time intervals. The bot seems to give the most likely scenario for a given period and gives its probability. The second analysis seems better.
While it has given these analyses and predictions of what it thinks of the market. Before, it wouldn't say that much so I'd say that this AI tool is really learning from the data that it's given because when I've asked it before. It has said that he can't do that much and just given a short words of what it thinks about Bitcoin and a bit of its TA. Thanks OP, really a good topic. Newbies might be dependent on it but it's still best to just use this as a reference but not the deal breaker of their decisions. 
With medium and long-term predictions, it would take us decades to acquire enough data to judge just how accurate ChatGPT is. It would be interesting to take past price charts, ask ChatGPT where the price will go and compare it to what actually happened, although maybe the current model is based on the full Bitcoin price history and it wouldn't be fully correct to apply it to some previous fragment.
what we can do from chatgpt's predictions is just use it as one of the references how to decide on what to do with the market. clearly, there are still limitations on how it formulates its answers, basing on the database it has been feed on.
but the response is quite comprehensive if you are a beginner on this market. i would say, no newcomer can come up to such conclusion that fast!
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