I have never been a fan of AI or robot predictions because I believe that the human mind or common sense is far more powerful than any computer. But some of the indicators of the possibility of Bitcoin price getting to $1million as stated by this ChatGPT are valid. Huge investment in Bitcoin by big government and non-governmental organisations, Bitcoin becoming a reserve currency of some rich nations, increase in bitcoin adoption due to more awareness and fall of some currencies could lead to increase in the price of Bitcoin.
As much as I will like Bitcoin price to increase but Bitcoin getting to $1milion dollars because of these favourable conditions in three months is an overexaggeration. ChatGPT lack the ability to reason and don't have common sense like humans, that's why I don't trust their prediction.
Topic: ChatGPT Outlines Potential Scenarios That Could Lead BTC To Hit $1M In 90 days - page 2. (Read 229 times)
March 19, 2023, 08:38:58 AM
March 19, 2023, 07:01:55 AM
There are still ongoing discussions regarding whether ChatGPT has great potential regarding price prediction and discovering potential risks on investment both in and outside of this forum. Seeing people already make predictions based on the AI's findings is kind of surprising, although nothing seems to be a surprise these days. I will call this 1 million-dollar prediction a prediction, and I believe 90 days is too short to achieve this kind of height. Even if all the analysis possibilities of the ChatGPT are met, this price prediction is 90% unachievable during this 90-day period of time.
In some other point, I can also see this kind of information as some kind of news with the aim to attract more investors and a possible price increase to some certain point, then those behind the news speculation sell off their holdings.
In some other point, I can also see this kind of information as some kind of news with the aim to attract more investors and a possible price increase to some certain point, then those behind the news speculation sell off their holdings.
March 19, 2023, 06:35:19 AM
Let me have a fresh air after laughing nonstop for a few hours. The only thing that stupid ChatGPT AI is good for is saying "my apologies here is the correct answer" the dumb noob only knows to apologize, I don't know how anyone can rely on that.
A summary of my convo with ChatGPT:
Me: "How can I create an atomic explosion animation?"
AI: "That's easy here is the code:
"Import chain reaction"
"Import mushroom cloud"
............
Me: but that's a wrong code!
AI: my apologies, here is the correct code:
"Pip install chain reaction"
"Pip install mushroom cloud"
.............
Me: Again that's a wrong code!
AI: I apologize, here is the correct one:
"Include chain reaction"
"Include mushroom cloud"
................
Closing the tab.
A summary of my convo with ChatGPT:
Me: "How can I create an atomic explosion animation?"
AI: "That's easy here is the code:
"Import chain reaction"
"Import mushroom cloud"
............
Me: but that's a wrong code!
AI: my apologies, here is the correct code:
"Pip install chain reaction"
"Pip install mushroom cloud"
.............
Me: Again that's a wrong code!
AI: I apologize, here is the correct one:
"Include chain reaction"
"Include mushroom cloud"
................
Closing the tab.
March 19, 2023, 06:29:56 AM
One at a time. Next stop is $100,000 and then we will look further. Enjoy the ride folks, remember, it's all about the ride not the destination. No matter what happens, 1 BTC = 1 BTC.
March 19, 2023, 05:18:44 AM
Bitcoin will never hit a million dollars in just 90 days, it's a dream that will never come to pass. And we should be so careful about how we use the ChatGPT as it's not perfect itself, it will only outline its views, but with some disclaimers at the beginning. However, what it iterated are the same factor that is making all other assets appreciate, which is not peculiar to Bitcoin.
Irrespective of how favourable those factors could be on Bitcoin, it can't push it that high in just a short time, that is heresy.
Irrespective of how favourable those factors could be on Bitcoin, it can't push it that high in just a short time, that is heresy.
March 19, 2023, 04:40:59 AM
I have no idea why people are so impressed by chat gpt. It's a lot better than the quality of most forum posters for sure who will love chatgpt because they will look like they are improving their posts.
AI only understands what it can find. And the thing with Bitcoin, most things online are wrong, outdated, or opinions. So AI will always have the same stupid mentality of the masses.
AI only understands what it can find. And the thing with Bitcoin, most things online are wrong, outdated, or opinions. So AI will always have the same stupid mentality of the masses.
March 19, 2023, 04:26:46 AM
This is not a bet on the potential of Bitcoin, but a publicity stunt to attract attention and maybe grow their social media presence. I always suspect this when someone associates a ridiculous price to Bitcoin within a very short space of time.
You should also not be taking Bitcoin advice from a former coinbase affiliate.
You should also not be taking Bitcoin advice from a former coinbase affiliate.
March 19, 2023, 04:22:25 AM
Cmon, let's use your brain. There are zero possibilities that we will have 1m in a year and people are talking about 90 days. It's to stupid to even call it as a dream
March 19, 2023, 04:20:26 AM
Rather than relying on ChatGPT content, it's better for you to read this one, The bullish case for Bitcoin which I am sure to enhance your knowledge about Bitcoin as well as strengthen your belief in Bitcoin.
To imagine effects of future halvings on Bitcoin price, you can look at Controlled supply. There are not many years left until more than 98% or 99% of Bitcoin is mined. With that fear of missing out, you should instantly start to build up your plan for Dollar Cost Averaging.
https://dcabtc.com/
With Bitcoin profitable days chart, you can see 88.4% of holding days are profitable days. DCA will help you to get rid of emotion, risk of loss and increase your chance to fall into profitable holding days on the chart.
To imagine effects of future halvings on Bitcoin price, you can look at Controlled supply. There are not many years left until more than 98% or 99% of Bitcoin is mined. With that fear of missing out, you should instantly start to build up your plan for Dollar Cost Averaging.
https://dcabtc.com/
With Bitcoin profitable days chart, you can see 88.4% of holding days are profitable days. DCA will help you to get rid of emotion, risk of loss and increase your chance to fall into profitable holding days on the chart.
March 19, 2023, 04:05:23 AM
This may help as some people will buy bitcoin which may further lead to increase in bitcoin price. But you should know that bitcoin is not even going to all-time-high anytime soon. As I read on a news yesterday that former Coinbase CTO made bet that bitcoin is going to $1 million in 3 months, I only see it has a lost bet with poor analysis.
March 19, 2023, 04:01:48 AM
Former Coinbase CTO Balaji Srinivasan has recently made a bold bet on Bitcoin’s price, predicting that the cryptocurrency will reach $1 million within the next 90 days. As Bitcoin continues to attract attention from investors and the mainstream media, many are wondering if such a scenario is even possible.
To shed some light on the issue, we spoke with ChatGPT, an AI language model trained by OpenAI, to explore some of the potential scenarios that could cause Bitcoin’s price to surge to such a high level in such a short period of time.
According to ChatGPT, one of the most significant factors that could drive up the price of Bitcoin is massive institutional investment. If large financial institutions, such as pension funds or hedge funds, start investing significant amounts of money into Bitcoin, it could create a surge in demand and drive up the price. This type of investment would not only bring new capital into the market, but it would also bring credibility and legitimacy to Bitcoin, which could attract even more investors.
Another potential scenario is if Bitcoin becomes a global reserve currency, similar to the US dollar. As countries around the world start to hold Bitcoin in their reserves, it could cause the price to skyrocket. This scenario would require a significant shift in the global economic order, but it is not entirely impossible.
Economic uncertainty is another factor that could lead to a price increase. If there is a global economic crisis or inflationary pressure, investors may turn to Bitcoin as a safe haven asset. As demand for Bitcoin increases, so too will the price.
Additionally, if more businesses and individuals start using Bitcoin for everyday transactions, it could lead to a surge in demand and a rise in price. As more people start using Bitcoin as a store of value and a means of payment, it could also become more widely accepted, which would create a positive feedback loop that drives up the price even further.
Lastly, the halving event, which happens every four years, could also contribute to a surge in Bitcoin’s price. During this event, the reward for mining Bitcoin is cut in half, reducing the supply of new Bitcoin entering the market. This event has historically led to price increases in Bitcoin. If the halving coincides with other bullish factors, it could create a perfect storm that drives the price to new heights.
It is important to note, however, that predicting the future price of Bitcoin is extremely difficult and highly speculative. Investing in Bitcoin carries significant risks, and it is crucial to conduct thorough research and seek professional advice before making any investment decisions.
In conclusion, Balaji Srinivasan’s bet on Bitcoin reaching $1 million within the next 90 days may seem unlikely, but there are potential scenarios that could cause such a surge in price. As always, caution and prudence should be exercised when investing in cryptocurrencies.
Source: https://azcoinnews.com/chatgpt-outlines-potential-scenarios-that-could-lead-bitcoin-to-hit-1m-in-just-90-days.html
To shed some light on the issue, we spoke with ChatGPT, an AI language model trained by OpenAI, to explore some of the potential scenarios that could cause Bitcoin’s price to surge to such a high level in such a short period of time.
According to ChatGPT, one of the most significant factors that could drive up the price of Bitcoin is massive institutional investment. If large financial institutions, such as pension funds or hedge funds, start investing significant amounts of money into Bitcoin, it could create a surge in demand and drive up the price. This type of investment would not only bring new capital into the market, but it would also bring credibility and legitimacy to Bitcoin, which could attract even more investors.
Another potential scenario is if Bitcoin becomes a global reserve currency, similar to the US dollar. As countries around the world start to hold Bitcoin in their reserves, it could cause the price to skyrocket. This scenario would require a significant shift in the global economic order, but it is not entirely impossible.
Economic uncertainty is another factor that could lead to a price increase. If there is a global economic crisis or inflationary pressure, investors may turn to Bitcoin as a safe haven asset. As demand for Bitcoin increases, so too will the price.
Additionally, if more businesses and individuals start using Bitcoin for everyday transactions, it could lead to a surge in demand and a rise in price. As more people start using Bitcoin as a store of value and a means of payment, it could also become more widely accepted, which would create a positive feedback loop that drives up the price even further.
Lastly, the halving event, which happens every four years, could also contribute to a surge in Bitcoin’s price. During this event, the reward for mining Bitcoin is cut in half, reducing the supply of new Bitcoin entering the market. This event has historically led to price increases in Bitcoin. If the halving coincides with other bullish factors, it could create a perfect storm that drives the price to new heights.
It is important to note, however, that predicting the future price of Bitcoin is extremely difficult and highly speculative. Investing in Bitcoin carries significant risks, and it is crucial to conduct thorough research and seek professional advice before making any investment decisions.
In conclusion, Balaji Srinivasan’s bet on Bitcoin reaching $1 million within the next 90 days may seem unlikely, but there are potential scenarios that could cause such a surge in price. As always, caution and prudence should be exercised when investing in cryptocurrencies.
Source: https://azcoinnews.com/chatgpt-outlines-potential-scenarios-that-could-lead-bitcoin-to-hit-1m-in-just-90-days.html
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