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". |
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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. |
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Na szybko wrzucam co się dzieje. SEC pozywa Binance (za handel nielegalnymi securities, złe zarządzanie kapitałem klientów jak również okłamywanie klientów). Poza tym standardowo pozywanie projektów za bycie "securities". Na liście znalazło się aż 10 projektów z top 100CMC miedzy innymi: $SOL, $ADA, $MATIC, $FIL, $ATOM, $SAND, $MANA, $ALGO, $AXS i $COTI. Odpowiedź binance: https://www.binance.com/en/blog/ecosystem/sec-complaint-aims-to-unilaterally-define-crypto-market-structure-8707489117122437402miałem tylko 5 min więc na szybko dla was wygenerowałem streszczenie po poslku przy pomocy chata gpt: 1-Amerykańska Komisja Papierów Wartościowych i Giełd (SEC) wniósł skargę przeciwko Binance.
2-Binance aktywnie współpracował z dochodzeniami SEC i podejmował wysiłki, aby odpowiadać na pytania i rozwiązywać ich obawy.
3-SEC zdecydowało się działać jednostronnie i prowadzić postępowanie sądowe zamiast osiągnąć porozumienie.
4-Binance zamierza zdecydowanie bronić swojej platformy.
5-Postawione przez SEC zarzuty nie powinny być podstawą do ścigania przez SEC, a tym bardziej w trybie pilnym.
6-Binance zamierza współpracować z regulatorami i decydentami w Stanach Zjednoczonych i na całym świecie, ponieważ uważa to za właściwe.
7-Binance pozostaje zaangażowane w konstruktywną współpracę w celu zapewnienia regulacji kryptowalut, które promują innowacje i jednocześnie zapewniają ważne ochrony dla konsumentów.
8-Działania SEC podważają rolę Ameryki jako globalnego centrum innowacji finansowej i przywództwa.
9-Binance zaprzecza jakimkolwiek zagrożeniom dla środków użytkowników i twierdzi, że są one bezpieczne i zabezpieczone.
10-Działania SEC wydają się być motywowane chęcią zdobycia jurysdykcji i zwrócenia na siebie uwagi, a nie ochroną inwestorów.
11-Binance będzie kontynuować współpracę z regulatorami i decydentami na całym świecie.
12-Działania SEC mają ograniczony zasięg, ponieważ Binance nie jest amerykańską giełdą.
13-Binance sprzeciwia się nadmiernej ingerencji SEC i jest gotowe walczyć z nią w pełnym zakresie prawa.
14-Binance będzie współpracować z partnerami branżowymi w celu obrony tej ważnej technologii przed nieuzasadnionymi pozwami.
15-Binance będzie nadal dążyć do stworzenia bezpiecznej i zaufanej platformy, która jest zgodna z wartością wolności pieniądza. |
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I also think that almost a few people have left this project and lost hope in IDENA due to lack of trust, actually what I'm waiting for is that the IDENA team will start communicating with the IDENA community who have faithfully supported IDENA until now. I believe this closeness will bring the project even bigger.
Its not about the trust. They have already proven that they are not creating a memecoin, shitcoin, but a project they actually believe in. they proved it by developing the project for the last 4 years and not abandoning it. The problem is that we currently have an AI and meme coins bubble, AI coins are pumping, meme coins are pumping, AI stocks are pumping. people are already going crazy about AI, they think that we are witnessing a technological breakthrough, and AI has no or will soon have no limits. Idena, on the other hand, is a project that assumes that AI has its limits, which it will not exceed for a long time. So it's a bit of an investment against the current trends... so far it's not working out well. Idena needs another AI winter to pump i think. |
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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.
How does it differs from us? how does it differs from every single crypto celebritiy posting their analysis on twitter? why do you rank the human brain so high compared to AI? the truth is that both the AI and the human brain only do one thing - desperately searches for patterns in the soup of information it receives. the answer to who will create a better analysis, human or AI, depends only on how much data in what time and how well it is able to process and how good a pattern to find. In the first 2 indicators, AI definitely beats us. It's only a matter of time until he starts repetitively winning in the third. In my opinion, it is worth learning how to use AI now because traditional information-finding will soon become ineffective in such a competitive profession as an investor/trader. Saying "why should I use an AI when I can do it myself" is like saying "why should I use a computer when I can count everything myself on a piece of paper". |
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Good utility reliable blockchain no questions about that it's TRX
Tron USD have good liquity and tron NETWORK resilance are one of the best.
No wonder why VANECK one of the world leading financial instution are in tron VANECK gathers most elite private investors so tron project is one their choise so no doubt that average pleb can choose tron aswell If those wealthy guys trust tron.
It's not secret that i do use tron for everyday transactions Im happy about tron USD and Im waiting for tron EUR and GBP so bright future for tron and specially for tron Stablecoins family.
Also tron plan to get into New York real esteta business specially deflation times Will make you rich fast together with hedge funds elite boys and girls.
The problem with TRX is that it stands on 1 leg which is tether. Without USDT, trx will lose like 90% of traffic and most likely 90% of its price. And we all know that the future of tether is uncertain (it's possible that everything will be ok, but personally I would avoid projects whose future depends mostly on 1 product in addition not owned and controlled by the creators). Also justin sun ... he's not crystal clear to me. In my opinion, it is steeped in many strange activities. |
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Thank you Jerome,
That's kind of you buddy. I don't have any way to change the format of the way the surveys are submitted.
And what procedures did you take when storing this data. A full name combined with a phone number and e-mail is already data that has value on the darknet. This is data that can be used for scams. This is data that should be properly taken care of or not collected. The mere fact that its not mandatory to fill them does not change the fact that you should not even be able to obtain them, because maybe someone is not aware and will share them. So if your survey allows others to provide sensitive data, you should automatically have appropriate procedures to handle them safely. I recommend google surveys that don't have a fixed format (for me it's doubtful if you actually couldn't edit the format of your poll) |
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Everything everyone's ancestors worked for in the past 2000 years
Wrong. Why 2000 years? Because our era has so much? Homo sapies has a history of 70,000 years. The Agrarian Revolution began about 10,000 years ago when man began to settle down and raise animals and congregations. have been stolen by the central banks in the past 50 years.
Why 50 years? Because of Nixon shock? another mistake. Couldn't there have been inequality/elites/decadence before? Under the gold standard and gold currency, there was also inflation and governments also found ways to devaluate people svaings. Murray Newton Rothbard in "What Has Government Done to Our Money?" describes exactly how over hundreds (hundreds!) of years governments have steadily increased their power over money. Bitcoin does not fix this it mask it more. Like a wound that needs stitches we throw oxy cottens at as we bleed out more.
Another mistake. Bitcoin erases the achievements of the elite. It brings money back to people. Bitcoin is the first grassroots money operating on this scale since gold. |
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Instead of XRP i'll choose XLM stellar.
So no matter how much FOMO and hype xrp has...Im out of this project.
There is no FOMO and hype around XRP. its as dead as it was after 2018 pump and dump. xlm? Why you choose XLM istead of other 25 000 projects listed on CMC. What does XLM has compared to all of others? why is your decision making process between a project no one wants because it's centralized and a project no one wants because it died a long time ago? XLM was needed in 2018. Its not needed in 2023 because there are many better alternatives, and XLM has been sleeping the last 5 years forgetting that in crypto, the world of startups and the fastest growing industry, you can't just stop developing for so long. |
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I don’t know, man. I’m so confused reading about AI because I don’t get one thing: is it actually able to logically assemble information or does it just find combinations of words and phrases that generally make sens gramatically and assemble it all as a string of text?
Combination of both. The main way how an "AI" works right now, is that it is fed with information, and it learns what equals what. I always give the same mario example, there is a video on youtube if you search for it, it's a machine learning that plays mario and finishes it eventually. You feed it needed information, like what button is jumping, which creatures makes you die, and what is your purpose etc, so the game rules basically, and let it be, then it fails after and after again until it figures it out the rest itself. So yes, it does think for itself in a manner, but within the box you put it in, so you give it information, and then you ask it a question and it uses the information to respond, I don't know if I made it clear or is it still confusing. your description of Ai is good. Transferring the knowledge of how it works with mario to the language model, it looks like it is filled with a lot of filtered human conversations and texts written by people (the source of the GPT chat data is secret). As a curiosity, I will say that he also has many books in his "knowledge" because I had interesting philosophical conversations with him based on the works of, for example, Harrari. All this knowledge, however, is useless, because the algorithm does not know what is good and what is bad This is where tedious long-term and expensive AI training comes in. The AI gets a question, creates an answer and gets feedback from the user whether the answer was right or wrong. At first, wrong answers prevail because the AI is just "learning" but with time the quality of the answer increases. that's why openAI has made its tools available for free. They incurred huge costs in data filtering and initial training, pay for computing power and would share it for free? They do it because every user helps with the training. OpenAI even asks for as much feedback as possible while creating an account. input data filtering is extremely important. Hence connecting ai to the Internet is not as easy as it might seem. Immediately our algorithm is exposed to data spam attacks from hostile AI (garbage in garbage out) |
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Mamma mia! co ja widzę. Ostatnie 2 tyg się specjalizowałem w robieniu pizzy i doszedłem, moim zdaniem, do perfekcji jaką można osiągnąc przy pomocy domowego piekarnika. Uczyłem się u najlepszych. U prawdziwego włocha Vito Iacopelli by moje napoletana była jak najlepsza. Już cała rodzina nie może patrzeć na tego placka od ilości pizz jakie zjedli ostatnio... a dziś dowiaduję się o konkursie? No weź panie Cygan XD Tłumaczenie można było zrobić tydzień temu  Zaczyn musi leżeć co najmniej do jutra w lodówce ... a i tak nie będzie komu tego jeść.  A konkurencja ... jak widzę w OP robi pizzę z bananem i dżemem!  Dzięki za tłumaczenie Na przyszły rok będę gotowy |
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This is somehow interesting though because it analysis is almost related to what is currently happening in the market right now, I wonder how it fetched these recent datas that it supplied you since it's not being connected to the internet to source out this datas, however there's no special work that has done here by the ChatGPT differently or more than the way we humans has been analysing the market that I should rely on the data from ChatGPT when I can read and understand what is going on there in the chart plus the news .
It has recent price data because i loaded it with OHLC values of last 6 months of trading by myself. Why should anyone care about ChatGPT preditions if there are more than enough analysis created by human? Well i think that correct answer to this is an approach devoid of emotion, conviction and interest in persuading you to buy/sell. The analysis is being created on demand and you can at any time ask an additional factor to be included in the analysis (e.g. RSI or the influence of moon phases, whatever you want), ask for something that interests you in the analysis or ask for clarification of something you did not understand in the analysis. You will receive an updated analysis with explanations in 5 seconds. |
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For clarity's sake, I know that AIs are being used to trade, are they not trading robots or bots? But when it comes to such as ChatGPT, then the advancement comes, and so is the care so that it will not intrude into the financial market trading affair through hacking and other dangerous vices. This is why the developers of such AIs tread carefully, especially with the sector that deals with money so that they don't make a monster along the line.
So you obviously don't understand what the thread is about. The thread is about whether and how current language models are able to model bitcoin pricing based on data provided to them. This topic is definitely not about cybersecurity and the philosophy of artificial intelligence development. In addition, trading algorithms are mostly based on simple mathematical operations (for example if BTC/USDT * ETH/BTC > ETH/USDT than buy ETH with USDT, Sell to ETH to BTC and SELL BTC back to USDT with tiny profit) and have nothing to do with artificial intelligence or machine learning which are a definite minority. "Are you clear?" |
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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.
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. But chatgpt predictions seem to be good.
I don't think so, I rather believe my own TA than them. As I already said. The chat gpt data ends in 2021, but i loaded it with fresh OHLC data from the last 6 months of bitcoin trading. So chatGPT had trading data up to 2021 and from Jan 2023 up to today. So he knew where the previous ATH was, where the last bitcoin bottom was and price action of last 6 months. |
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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. |
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Głosowanie nie działa. Da się odblokować/edytować?
Da się, ale to autor wątku musi wystartowąć z nową ankietą. Góra czy dół? Obstawiam jednak, ze góra ale bardziej z uwagi na makro niż na sam wykres. Wielokrotnie tu pisałem, ze czas na wzrosty powoli się kończy ... ale najbliższe 2 miesiące powinny jeszcze być dobre z uwagi na dobre dane dot. inflacji, które spodziewam się zobaczyć za maj i czerwiec a wynika to z tego, że zeszłoroczny maj i czerwiec były miesiącami szczytu infacyjnego (największe m/m). Te miesiące odejda teraz z obliczeń.  Odpadają miesiące po 1, 1,3% a przychodzą nowe pewnie na poziomie 0.4%. Możliwe zatem że oficjane r/r CPI spadnie w kolejnych 2 miesiącach do okolic 3.5-4% co będzie bardzo blisko celu inflacyjnego i rynek podjara się, że faktycznie wszystko wraca do normy i zaraz przed nami cel inflacyjny i luzowanie polityki. Wtedy szacuję, że zobaczymy lokalny szczyt. A co do wykresu, to ciekawostka. Moja czerwona linia wydaje się działać, bo tak na początku robiła za wsparcie, potem za opór a teraz została przebita od dołu i przetestowana z sukcesem od góry pokazując, że dalej jest wparciem.  |
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They don't actually. At least not if you're in the UK. i.e. the btc/gbp pair is still listed but if you try to execute a trade you'll get this error:
So its only for UK residents, because BTC/GBP trading pair is very active (few trades per second). Someone is doing those trades. for the ingenious, I would like to warn against using VPN to bypass this. CZ has boasted many times that it has the best system in the industry to verify the origin of users. They will find out and block the account completely. |
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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. |
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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. 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. 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. 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. |
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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? Short-term Scenario (1-3 months):
Based on the recent price movements, the short-term scenario for Bitcoin is as follows:
Probability: 40%
In this scenario, Bitcoin's price may experience a consolidation phase with a slight upward bias. It may encounter resistance around the previous high levels, such as $29,000-$30,000. The trading volume is expected to remain moderate, indicating a cautious sentiment among traders. The key support level to monitor is around $26,000. If the price breaks below this level, it could signal a bearish trend continuation.
Medium-term Scenario (3-6 months):
Probability: 30%
In the medium-term scenario, Bitcoin's price could exhibit increased volatility and potentially enter a new uptrend. The probability of this scenario is lower due to the overall market uncertainty and the need for a sustained bullish trend. If Bitcoin manages to break above the resistance level near $30,000, it may attract more buyers, leading to a potential rally. The key resistance to watch for is around $35,000. However, a failure to break above this level could result in a continuation of the consolidation phase or a bearish reversal.
Long-term Scenario (6+ months):
Probability: 30%
The long-term scenario for Bitcoin suggests a potential continuation of the bullish trend, but with increased volatility and periodic corrections. Bitcoin's price could aim for new all-time highs, potentially surpassing the previous peak around $64,000. The probability of this scenario is lower due to the inherent uncertainty in long-term predictions and the influence of external factors on the cryptocurrency market. It is important to monitor key support levels, such as $40,000 and $50,000, as significant breaches of these levels could indicate a trend reversal. Second attempt with slightly different prompt: Scenario 1: Short-term (next few days/weeks)
Based on the recent price movements, Bitcoin has been experiencing a downward trend. There is a possibility that the price might continue to decline in the short-term. The key support level to watch is around $26,000. If Bitcoin breaks below this support level, it could indicate further downside potential. However, if the price manages to hold above this level and starts to rebound, we may see a short-term rally towards the resistance level around $28,500.
Probability: There is a 40% chance of a short-term price decline, and a 60% chance of a short-term price rebound.
Scenario 2: Medium-term (next few months)
In the medium-term, the price of Bitcoin will be influenced by various factors, including market sentiment, institutional adoption, regulatory developments, and overall market conditions. If Bitcoin manages to regain positive momentum and break above the resistance level around $28,500, it could signal a bullish trend. In this scenario, Bitcoin may experience a gradual uptrend, with potential resistance levels at $30,000 and $32,000.
Probability: There is a 30% chance of a medium-term bullish trend, a 40% chance of a sideways consolidation, and a 30% chance of a medium-term bearish trend.
Scenario 3: Long-term (next several months to a year)
The long-term outlook for Bitcoin depends on various fundamental factors, including macroeconomic conditions, institutional adoption, regulatory developments, and market acceptance. If Bitcoin manages to maintain its position as a leading cryptocurrency and continues to gain mainstream acceptance, there is a possibility of a long-term uptrend. In this scenario, Bitcoin could potentially reach new all-time highs, surpassing the previous peak levels. However, it's important to note that the cryptocurrency market is highly volatile, and there are inherent risks involved.
Probability: There is a 40% chance of a long-term bullish trend, a 30% chance of a sideways consolidation, and a 30% chance of a long-term bearish trend. Its nice that both are bulish |
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