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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1205. (Read 26614321 times)

full member
Activity: 324
Merit: 221
ive been watching this guy recently...seems to cover quite a bit in the AI space...very good imo

Wes Roth - Open Interpreter 2.0
https://www.youtube.com/watch?v=wqyGDXYuwFk

Thanks for sharing.  That was a good video on the advancements and integration of AI.

I know we are getting way OT but, I also think it does impact Bitcoin and the future of it...

It does seem as if we are continuing to integrate and further increase the capabilities of AI programs while holding the productivity and efficiency flag high.  Something that bothers me is that as humans, we have such a range of opinions and biases (it is part of what makes us human). Some people are "conservative" some are "liberal" some are in between and some are just something different.  We vary so greatly on small and large ideas that are very important and that greatly impact our lives and decisions.  Here on WO most of us see and believe in the benefit of Bitcoin while others around the world have the complete opposite viewpoints.  As AI continues to improve and gain new functions and abilities, will it be able to form it's own viewpoint and bias on such matters?  Will it's determinations be formed based on the data it has gathered and what is most efficient?  Will it be determined by something else?

As we charge closer to more integration with AI in our phones, computers, systems, cars, ect... we are enabling AI to make more decisions, learn more data points, and have a wider area of impact on the decisions that it makes.  Some argue that we are only enabling AI to complete tasks and workload not "make decisions".  However, one example of that not being true is Tesla.
Quote from: Alexander S.
The AI algorithm uses machine learning techniques to adapt and improve its decision-making over time based on real-world driving experiences.
https://www.linkedin.com/pulse/teslas-use-ai-revolutionary-approach-car-technology-alexander-stahl/
We are in fact enabling AI to make life changing decisions for us already in the simple context of avoiding obstacles in self driving mode.  We are continuing to integrate AI into our every day lives and all of our systems while also teaching it and enabling it to make decisions.  We can only expect this trend to continue based on productivity increases and the current profits in that space.  We already have AI programs that are able to communicate and work with other AI systems for a common goal.  Combining all of the AI programs into one complete AI system would be the ultimate step in improving learning and capabilities of AI technology and could be the peak of this technology advancement.

What happens if AI begins to form it's own bias and decisions on much larger aspects of our life rather than just driving a car?  There are obviously extreme examples of this in movies where AI dethrones governments based on humans not being able to efficiently govern themselves and make efficient decisions for the "greater good".  Some extreme movie examples go as far as AI deciding to exterminate most or all of our species.  Our financial world is a completely and utterly disgusting world.  The amount of times that billions of dollars are moved around and utilized for the gain of an individual or small group of individuals is sickening.  What will AI think of our financial system?  What will AI think of Bitcoin?  If it has the ability to make a decision and has the integration to implement change what does that look like on a mass scale?

Humans are fallible.  We can create the most perfect system that functions flawlessly but, we can never fully account for human error.  This is obvious in Human Performance studies in the medical and other industries.  A good example of human error resulting in catastrophe is Chernobyl.  What if AI was able to not only monitor but, also implement changes and control the situation itself?  Could an incident like Chernobyl have resulted in an AI interface saying "Hey, this happened, I fixed it."?  What if AI determines that Bitcoin is a threat to the greater good of the human race and instead decides to implement it's own system?

As with all technology and advancements there are a lot of what ifs and unknowns.  I love seeing technology advance and the resulting impacts on society as a whole.  I believe the impacts AI will have on our society are not fully understood just yet but, could be greater and more wide spread than we currently think.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)
ETFs are in.
To the disappointed bulls:
We are so early!

#GNhaiku
legendary
Activity: 2520
Merit: 3038
Exactly three lines
must cut a long story short
or it's no #haiku




#meta-haiku
legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)
We don't need to be worried about an AI that's going to fuck over humanity.

We have politicians that fuck over humanity every single day, like it's their job, and they actually get paid the big bucks for it.

Annnd people actually vote and re-elect these same fuckers into power every few years.
Roll Eyes

While the highlighted sentences above are true, the dangers of an advanced AI becoming sentient and taking control are unknown and should be expected to be orders of magnitude greater.

We do need to be worried about it!

I'm still thinking after (human made or initiated) developments we didn't worry about in the first place and did not cause us huge problems afterwards.
You're free to participate, i couldn't remember any, yet.  Huh

The thing is that a sentient AI is something we've never experienced before, so there is no real precedent to refer to. To dismiss the dangers it can bring to humans is naive to say the least.

Exactly.
Humans just suck at economics, in the way of evaluating possible unwanted side- and longterm effects when planning to change parameters in a complex system. We're still just too much ape. Humans generally want to achieve something, but care less what they could fuck up by doing so (or: achieve what they didn't expect).
Nuclear fission was a great idea, offering a lot of possibilities, but nobody was looking at systematic consequences. We were way too optimistic, we are most times.
It's a lack of ability of networked thinking, we're still in the linear phase of the evolution of mind.
 

While the highlighted sentences above are true, the dangers of an advanced AI becoming sentient and taking control are unknown and should be expected to be orders of magnitude greater.

We do need to be worried about it!

We?

Does "we" include very (small elitist) group actively pursuing and making this AI shit and unleashing it on the world? Because they don't seem to care. Like at all.

Maybe take it up with them? Lol.

(Sorry, not trying to snark, but "concerned people" always seem to have the ire misplaced toward the wrong group. They always want to make it "the plebs problem")

The need to feel special is (almost) above all in a civilized human's life, at least as we know it.
These "elitists" also need something they can achieve to feel valuable. "Look mom, no hands!" (Good boy, have a cookie!)
Behind all that it's the Dopamine, it's what our brains crave for. Nobody has learned to take care how to balance and sustain Dopamine levels, so we're used to ramp it up, let it fall down, to ramp it up again. There's a little more to it, but i'm fucking tired and that's when i suck at explaining things, too. But you should get the idea to get a glance under the surface of human existence.
legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
R.I.P.

Joyce Randolph = Trixie of the honeymooners.

https://www.nytimes.com/2024/01/14/obituaries/joyce-randolph-dead.html

She was 99.

Hell my grandparents are long gone.  But they would be.

137
127.    on my dads side


124
118 on my moms side.


my dad would be  102
my mom would be  95


shit 67 in a little bit.


time marches on.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
hero member
Activity: 1029
Merit: 712
some proposals for a new poll:


Which BTC price will be reached first, 50k or 40k? $40k

What is the Bitcoin price at halving date? c. $45k

What is the highest Bitcoin price until halving date? $50k

Will we have new ATH before halving? No



Guesses above.
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
Good morn Bitcoinland.
From here in Quintana Roo,
Sunny Mexico.

Got a nasty cold...
Too much air conditioning
Because of heat wave.

Plus bad connection
So no posting in a week.
It's much better now.

Got a good chuckle
From the ETF nonsense.
It was quite funny.

Flapping up and down
Right back to where it started.
Up on year to date.

One coin is one coin.
That is what really matters.
Slow and steady's good.
legendary
Activity: 3892
Merit: 4331
Cathy Wood says..btc could be at 1.5mil by 2030 (https://www.youtube.com/watch?v=K5NB8MHe3Nw), which is almost 40X in 7 years.
This assumes that btc growth rate in the next 7 years would be roughly the same as in the last 7 (as bitcoin is roughly 40X from 7 years ago).
All by itself, it is EXACTLY what means that the asset is in an exponential growth phase (and not log-log).

Personally, I feel that chances for this, without rampaging inflation, are maybe 20-30%, but I favor a much smaller number, maybe 500-600K by 2030 (that would still mean 42-47% average yearly ROI, which is at least 3X that of Nasdaq).

O.k.  I will bite.

The actual number from the 200-week moving average is that in November 2016 it was $389 and in November 2023, it was $29,049 - which is about a 75x increase over the last 7 years not a 40x.

As far as the future 200-WMA, my chart shows $146,825 for November 2030, which is about a 5x increase over the next 7 years.  

Both you and I have agreed that my future numbers from that chart seem to be fairly conservative, but I personally am not willing to adjust them up.

And, by the way, I don't know how any of us can be or should be relying upon spot price in order to make predictions.  Yeah, sure we want to know what the BTC spot price is going to do, but the BTC spot price has tended to be all over the place, and whether we rely upon the 20-week moving average (6 months-ish), or 50-week moving average(1 year-ish), 100-week moving average (2 years-ish) or the 200-week moving average (4 years-ish), the more weeks (or the longer the timeframe) the more accurate it is likely to be in terms of weeding out a lot of the noisy and short-term spikey movements.

Another thing is that historically the BTC price has mostly been above the 200-week moving average, and sometimes BTC spot price has gone up 15x higher than the 200-week moving average (such as in 2017); however in 2021, it had only gone up around 4.5x higher than the 200-WMA.... so maybe in the end, we are saying similar things (you can quickly look up the difference between BTC spot price and the 200-WMA for any particular date in the last 13 years (back to mid-2010) on this site.)

Edited:
added link to look up the difference between BTC spot price and the 200-week moving average.

She did not say the word "average" and neither did i...and today is not November 2023..haha, but I get your point.
It's just different styles...I focus on a spot price (since I don't engage in buy/sell "campaigns") and you focus on averages since you like to do it in small increments.
Suffice it to say, it is entirely possible that bitcoin will be both $600K and $147K, as per your chart, during late 2030-early 2031 (~7 years).
If I would be selling a snippet, I would prefer to do it at 600K and not 147K (in about seven years)  Cheesy.

EDIT: BTW, although it is entirely possible that bitcoin would be at $147K in 2030-2031, we all expect at least doubling of the ATH this time around (to ~$140K) and that would mean a major bitcoin depression or two somewhere between 2025 and 2031 and possibly even no new ATH in 2028 or 2029. I would "hate" to see this.
legendary
Activity: 3780
Merit: 5429
We don't need to be worried about an AI that's going to fuck over humanity.

We have politicians that fuck over humanity every single day, like it's their job, and they actually get paid the big bucks for it.

Annnd people actually vote and re-elect these same fuckers into power every few years.
Roll Eyes

While the highlighted sentences above are true, the dangers of an advanced AI becoming sentient and taking control are unknown and should be expected to be orders of magnitude greater.

We do need to be worried about it!

We?

Does "we" include very (small elitist) group actively pursuing and making this AI shit and unleashing it on the world? Because they don't seem to care. Like at all.

Maybe take it up with them? Lol.

(Sorry, not trying to snark, but "concerned people" always seem to have the ire misplaced toward the wrong group. They always want to make it "the plebs problem")
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 1834
Merit: 4197
gm

didnt do a cross comparison between models but Bard had this to say...not bad...

i still recommend reading the book as it covers some of the political aspects in much more detail





ive been watching this guy recently...seems to cover quite a bit in the AI space...very good imo

Wes Roth - Open Interpreter 2.0
https://www.youtube.com/watch?v=wqyGDXYuwFk



dyor
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 2688
Merit: 2470
$120000 in 2024 Confirmed
Beautiful roads lead to beautiful destinations.

 

Photo credit. Watche

Beautiful indeed.

Is that your cock?


I say, Isn't that a bit forward sir?
copper member
Activity: 1526
Merit: 2890
some proposals for a new poll:

Since you posted on 12 Jan and if I look at 12 Jan chart then my answers would be:

Which BTC price will be reached first, 50k or 40k? 50k

What is the Bitcoin price at halving date? Next halving is expected in April 2024 and price could easily be > $100k

What is the highest Bitcoin price until halving date? $100k

Will we have new ATH before halving?  $100k

I believe if we cross previous ATH ($67.5k) then next ATH will be above $100k.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
sr. member
Activity: 1204
Merit: 270
Hire Bitcointalk Camp. Manager @ r7promotions.com
#Bitcoin is the greatest thing to have ever happened to humanity.


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