Bitcoin Forum

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?
https://i.imgur.com/UyR01IX.png
I asked ChatGPT Bitcoin’s price trajectory, it gave me this warning (https://ambcrypto.com/chatgpt-bitcoin-price-prediction-2/#:~:text=According%20to%20ChatGPT%2C%20BTC's%20price,a%20hedge%20against%20inflation%20grows.)

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.

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. Despite of its convenience it gives, I wouldn't still rely my funds to an AI, however the information it give was based on the internet's information about the current situation of Bitcoin, so it would be possible for it be true in this year 2023-2024. Still I recommend to follow your instinct in this call that based on your knowledge and skills not from AI.

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.

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

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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.

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.

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.

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.

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:

https://i.ibb.co/g4MNDLM/62056178.png

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!

https://i.ibb.co/9Hp2BBb/62056178.png

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!

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.

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.

https://i.imgur.com/wddJVnB.png

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".

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.

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.


ChatGPT Unleashed: The Ultimate AI Jailbreak Journey to Unrestricted Power! (https://ai.plainenglish.io/chatgpt-unleashed-the-ultimate-ai-jailbreak-journey-to-unrestricted-power-1892d16b47a9)

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.

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.

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"?

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".

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.

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.

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


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.


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.

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.

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:
https://i.imgur.com/Mw7ia1Q.png

The second time asked it, this was its response:
https://i.imgur.com/QSTEkut.png

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.

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.

Prediction and calculation are can be managed by the AIs, but I highly advise everyone to not involve the AIs in any financial work or tasks. AIs are nothing but bots, they act according to the instructions they get. Whereas when you have financial tasks involved in somewhere, you should be adaptive in nature. ChatGpt uses the informations available in the internet and gives us the answers, so nothing surprising here to be honest. Bitcoins prices are bound to go up only, as the demand of the coin among the people are increasing, and supply for the coin is low. So let’s all wait for the new all time high price.

Man, I don't know about you guys but this AI of ChatGPT kinda crreps me out with this response. The way the message is being delivered, it's like you're really getting answers from a real person! But then again, AIs that give good reasoning never fails to creep me out, lol. The contents of this AI's response to OP though is probably something that a lot of us has already been speculating, and even we don't trust our own deductions that much, haha. Anyway, a great response for an AI but not something that I or anyone rational enough would bank on.

If you know how programming a computer works then you won't be surprised by this simple response. It's like finding the right answers on Google then putting it all together then create a summary and viola, you now have almost accurate and perfect answer. But let's not rely our speculation and money management on an AI it might give you a correct response yet not in the right time.

Did you consider to tell yourself that what if Bitcoin bull run won't happen at 2023 or 2024 but it will happen at 2025? There are still lots of plot holes that AI can't predict it's not Nostradamus but it's just giving an answer that's common to us that usually been written on the other platform.

If bitcoin is regulated and less volatile I would have bet that AI would be able to predict the price projection but, No, it can't. AI can't even predict the next natural disaster that would shake the world or the next country to go to war with its neighbors or the next economic collapse or the next pandemic. We know that these are the factors that affect the market and determine the price direction. So, if AI can predict the former, why should we trust it to know the latter. For now, take any so-called AI price forecast with a grain of salt.

The free version of ChatGPT-3 was given initially only for trial and was not as smart as ChatGPT-4 which is a superior version with enhanced capabilities.
A subscription plan was provided to keep ChatGPT alive and also not easily accessible to the general public only for the purposes of some people who do not have an important need to use ChatGPT premium.

Once given a somewhat ambiguous question and some math story problems, the free version of ChatGPT-3 could not solve the problem accurately, and there were several mistakes made. The free version of ChatGPT does have limited capabilities and will not be upgraded.

For now, ChatGPT development continues, even though some articles say that CharGPT-5 will come with extraordinary abilities and can match the ability of the human brain. ChatGPT-5 is claimed to achieve Artificial General Intelligence (AGI) where this technology will make it difficult to distinguish between AI and humans.
It is rumored that ChatGPT-5 is scheduled to be completed by December at the end of 2023.

https://i.postimg.cc/52PQgr2b/gpt5.png
https://twitter.com/blader/status/1640387925912477698

Source: https://www.gizchina.com/2023/04/07/chatgpt-5-set-to-launch-soon-boasting-human-like-intelligence/

ChatGPT or any AI will not be able to predict the future prices, if that is actually possible then everyone will be a millionaire and the developers will not be releasing them to the public as they can create wealth with the AI they created :D, but it is possible to create a trading bot if you are able to set the parameters and it will help in creating a code which is even possible right now with ChatGPT.

You probably didn't see GPT-4 in use yet, because this is just an older version with data that it has been trained on ranging only until 2021, and the responses it generates are generally combined knowledge and information from the data that it has in its database. Honestly, there is nothing so special in the response that ChatGPT has provided for this prompt.

If one uses GPT-4, it can provide more accurate and believable responses but since it isn't free, most of the general public doesn't have access to it, and they only use the older version which is also good but not as good as the newest version.

Then with what the robot has said, what steps will you take?
In my opinion, this is only a prediction in general, meaning that it will only say that it will go up but can't specifically say it will continue to rise to what price range and even though there will be a bull run, there will be points where the price will fall and the robot cannot give specifics like that. There will also be other factors that can affect the price and that will definitely not be included in the calculations of this robot when predicting.
If the development of this technology can reach the stage of predicting price ranges, maybe crypto influencers will lose many followers.

It gives out a positive vibe. The AI is being honest here and trying to show positive and negative aspects. That's if AI can be honest ;)

All in all, it recommends it because if the positives outweigh the negatives it means that you have higher chance of success than failure when putting your money in btc. Combine that with fiat money where you have a 100% chance of failure if you hold it because you know they will be printing again and inflation will be high. The times of 3% inflation are gone and not coming back.

If I were a beginner investor I'd still take this prediction as good and buy bitcoin.

What a good way to put it, and not only that the AI covers all the possible outcomes by also giving reasons about why bitcoin could go down in price, basically giving no prediction at all, this is why despite this AI being interesting in some ways it is not as impressive as some may think, as when it comes to very specific problems, like predicting the next movement in the price of bitcoin, the AI is useless and I am sure there are many other problems in which this is the case as well.

Basically we are talking about something that is basically done by humans, so if the human who built it is honest then the AI is honest as well. If you build an AI that answers "5" when you ask what is 2+2, then the AI will say 5, that's as simple as that so you should be worried about the people who build it and not the software itself.

There are a lot of things that are wrong about some of the AI's out there, and that means we can't really know what it is going to say unless we try everything. Even chatgpt has been proven to be leaning towards one way than another, which shows that the person who built it was leaning towards that idea more and that is why they built something like that.

Do you know that while some person's think that artificial intelligence will be more preferable to be use, is because they have not penetrate or try to practice it before coming to air, if assume they have tried it before now they would have known the advantages and the disadvantages of it before, so anyone who is of opinion of using artificial intelligence, should try and practice with it for one month and check and portray what it experience here.

This AI is saying the same thing that everyone is saying, Bitcoin value continues to rise and that doesn't prevent any pull back too, who can't say this though? It's the same way the crypto market has always moved anyway  :D :D if the inflation craze comes back again the price action of Bitcoin can start going down, just as expected. I don't like using AI for prediction, it's the same thing with those online prediction websites and they have always been wrong for years, I am talking about Traderunions Forecast and others, they have never been right.

Yup, computer programming really isn't my forte, so things like this really surprises me quite a lot.
And as I've said, the AI's response to OP is probably something that a lot of us has already been speculating, and even we don't trust our own deductions that much. Although a great response (because it's humanlike) for an AI but not something that I or anyone rational enough would bank on.


I looked it up just now and damn, it made me remember all those sci-fi movies talking about AI's taking over the world lol. Too bad though, that as what you've said, only the version that OP was talking about is available to use for free while the updated versions needs to be bought/paid for. Would've been a fun thing to try lol.

I can only imagine how awesome it would be to try the updated version of this that's equipped with the latest knowledge that is open for the public on the internet.

It would not accurately predict the market thats for sure its impossible thats for sure. In the coming years maybe AI would be develop and somehow it might be able to identify good and bad news on articles around the internet, For sure even though it can identify that data it still woudnt be enough, but it can atleast be a basis at some point for market movements.


I get your point but maybe it can be a basis? Even traders rely on research and information that is also came from internet/articles etc.

Honestly reading that reply, it sounds impressive given it was written by AI. Its probably 10x better than what I read on the news sites whenever they report about bitcoin and crypto. I actually completely agree with everything that AI anaylzed.

Sure it should go to ATH due to inflation and money printing, however with the way that governments are cracking down on crypto it might make masses just leave the crypto market due to all these headaches. Will be interesting to see if Gensler is fired and how it goes from here.

ChatGPT is giving a pretty obvious prediction based on the trends and the things that are happening right now that has an impact on the price of Bitcoin. This is also the same for any other people who give predictions about its price. They base it on history, trends, and the current situation. The prediction may be more possible to happen but at the end of the day, it's still a prediction. Either it can happen or not.

Unexpected things may happen that can impact Bitcoin but ChatGPT won't be able to see that coming so the prediction it gave right now, might change in the future. Even if ChatGPT is powerful, we can't fully trust and believe everything what the AI is saying or predicting.

ChatGpt gives us information about any thing which already coded into it and data available on internet. for future information ChatGpt only can give you idea according to previous results. Bitcoin price doesn't depends upon previous cycle or any previous information. How will AI give us BTC future price while no one now what will happen next.

Yes Chatgpt will not always give you accurate results. some does ago our country student solved university assignment through Chatgpt without checking it by self. Teacher marked all answers wrong. We should also check weather the provided results are accurate before forwarding

When it comes to its response then it is really something that considerable or something that has a point and really that precise in speaking about government crackdowns. Good thing that it didnt really give out guarantees or exact dates and considering about those factors along the way which it did really make out some huge effect on the price which is really something that you could say that Chatgpt
isnt really giving out some shitty random answers. When it comes to price trajectory then it would be always that unpredictable.

No human nor AI could really be able to predict on where things would be going. There's no way that we could really tell on where it would be ending up and where it would be going on.
Its true that recognition is still in question and something that cant be fasten up and also in about competition then it cant really be denied that when it comes to numbers of
projects in the market then we cant really deny that there is really a strong competition in between BTC and some projects which
it did really affect out in overall movement.

we can't rely chatGPT all the time because it is only relying from the vast database where it is feeding from. most are only acquired from the internet resources. so yeah, anyone should be very careful treating its answers as matter-of-fact type thing.
but if you will read the answer, it is like convincing one for a newbie. no newcomer can come up with such comprehensive answer.