AI answer to how can bitcoin price drop to 0$

[GxSTxV]

Well lately you may all heared about the new AI chat called chatgpt which is in beta version and for free now and It's so easy to use and access. So i wanted to ask some questions about bitcoin to it and see the answer, one of my curios questions is how bitcoin price drop to 0$ and this is the AI answer :


[It is theoretically possible for the price of bitcoin to drop to zero, but it is highly unlikely to happen. There are several reasons for this.

First, bitcoin has a fixed supply, which means that there is a limited amount of bitcoins that can be mined. This scarcity gives bitcoin value and makes it unlikely that the price will drop to zero.

Second, bitcoin has a decentralized network of users who are committed to the success of the currency. These users are motivated by a belief in the value of bitcoin and the underlying technology (blockchain) and are likely to continue using and holding bitcoin even if the price drops temporarily.

Finally, bitcoin has a strong track record of price stability over its 12+ year history, despite experiencing some significant price fluctuations. While it is always possible for the price of bitcoin to go down, it is unlikely that it would drop to zero. ]


Well i didn't get the scenarios of this thing to happen. So i had to ask about it again and i got this answer which was so detailed



[It is difficult to predict specific scenarios that could cause the price of bitcoin to drop to zero, as it would require a significant and unforeseen shift in market conditions or technology. However, there are a few hypothetical scenarios that could potentially lead to the collapse of the bitcoin market and a drop in the price of bitcoin to zero:

Loss of trust: If the bitcoin network were to suffer a major security breach or if there were a widespread loss of trust in the integrity of the network, the price of bitcoin could potentially drop to zero.

Government intervention: If governments around the world were to pass legislation that made it illegal to use or hold bitcoin, it could potentially lead to the collapse of the bitcoin market and a drop in the price to zero.

Technological obsolescence: If a superior cryptocurrency or technology were to emerge and gain widespread adoption, it could potentially lead to the decline of bitcoin and a drop in its price to zero.

It is important to note that these scenarios are highly speculative and it is difficult to predict how events might unfold. As with any investment, it is important to carefully consider the risks and conduct thorough research before investing in bitcoin or any other cryptocurrency.



I liked these answers given by the AI and i don't think there's much left to add about this subject of price dropping to 0 and the chances of this to happen are very low and very close to impossible

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[Stalker22]

I liked these answers given by the AI and i don't think there's much left to add about this subject of price dropping to 0 and the chances of this to happen are very low and very close to impossible

As far as I understand, ChatGPT is a language processing model developed by OpenAI. ChatGPT is not a good source for relevant opinions because it is a machine learning model and does not have personal experiences or beliefs. It can only generate text based on the patterns and information that have been programmed into it. While ChatGPT may be able to generate text that appears to express an opinion, it does not have the ability to form its own opinions or engage in critical thinking.

[Oilacris]

I liked these answers given by the AI and i don't think there's much left to add about this subject of price dropping to 0 and the chances of this to happen are very low and very close to impossible

As far as I understand, ChatGPT is a language processing model developed by OpenAI. ChatGPT is not a good source for relevant opinions because it is a machine learning model and does not have personal experiences or beliefs. It can only generate text based on the patterns and information that have been programmed into it. While ChatGPT may be able to generate text that appears to express an opinion, it does not have the ability to form its own opinions or engage in critical thinking.

AI would still be AI and cant be something that would really be able to surpass human mind or brain when it comes to everything.Yes, it does have some advantage but it cant really be something

that would be far superior into its creator which is humans.There are lots of talkings and discussions about ChatGPt or into those AI about answering on something.

They dont really have that real time experience and knowing about fundamentals which only human beings could able to comprehend and able to make sudden
alteration of decisions.

[darkangel11]

Technically the AI forgot one important factor, which is that we're talking about the dollar here. The price could technically drop to 0 USD and it wouldn't mean that bitcoin is worthless. It could still be worth thousands of GBP, Rubles and so on.
If the US were to no longer allow the exchange to USD bitcoin would be worth 0 USD, because dollar is private. It doesn't belong to the people but to the government of the US and it decides its fate. If they go bankrupt - boom bitcoin goes to 0 USD, if the US gets blown up by nuclear missiles - bitcoin goes to 0 USD, if the dollar changes its name - bitcoin goes to 0 USD, if the USD trading stops - 0 USD, but it won't mean 0 USD is literal 0 (nothing).

It's worth adding that if trading is allowed and USD continues to exist it will be impossible for bitcoin to be at 0. Even if the majority of people decide to sell it wouldn't be trading at 0. You'd have to convince 99% of bitcoin owners to dump it to really get into cents. I just don't see it happening unless the encryption gets cracked and people start intercepting transactions and stealing coins. A security breach or the end of the world could be the only situations where this happens.

[hatshepsut93]

People think that AI is very powerful because it's artificial intelligence, and we know from movies like Terminator that computers can be smarter than us, but if AI was known under some less hyped name, like "neural network", people would be less inclined to immediately believe in everything that comes out of it.

So called "artificial intelligence" can't perform any sort of complex analysis of difficult subjects and do things like writing original essays, it can merely mimic existing human works.

[dansus021]

first of all today Artificial Intelligence or some sort of machine out there is getting smarter day by day, the way he said can be true but its has very razor thin chances to be happen.

Including loss of trust or government interference since we all already know that there is country make bitcoin a legal and some country like my country start accept crypto as a commodity and government start to made a decision to tax it.

Technically the AI forgot one important factor, which is that we're talking about the dollar here. The price could technically drop to 0 USD and it wouldn't mean that bitcoin is worthless. It could still be worth thousands of GBP, Rubles and so on.

Yes this is a good theory and can be true, and remember guys the USD is based on trust too 

[ethereumhunter]

The analysis carried out by AI is the same as we thought before where if there is a big problem that occurs in bitcoin that causes many people to save their money by selling all bitcoins, it will make the price drop dramatically and the price can be zero.

In this case, we don't need AI to figure out what caused the bitcoin price to drop to zero. If no demand occurs in the market and everyone abandons bitcoin, that's when the price of bitcoin will free fall to its lowest price point.

[LegendaryK]

[It is difficult to predict specific scenarios that could cause the price of bitcoin to drop to zero, as it would require a significant and unforeseen shift in market conditions or technology. However, there are a few hypothetical scenarios that could potentially lead to the collapse of the bitcoin market and a drop in the price of bitcoin to zero:

Loss of trust: If the bitcoin network were to suffer a major security breach or if there were a widespread loss of trust in the integrity of the network, the price of bitcoin could potentially drop to zero.
* Only 3 mining Pool operators control over 51% of btc hashrate, and could doublespend at any moment , immediately causing Loss of Trust.*

Government intervention: If governments around the world were to pass legislation that made it illegal to use or hold bitcoin, it could potentially lead to the collapse of the bitcoin market and a drop in the price to zero.
* Europe and US and Canada are warning of Bans on Proof of Work over the past year.*

Technological obsolescence: If a superior cryptocurrency or technology were to emerge and gain widespread adoption, it could potentially lead to the decline of bitcoin and a drop in its price to zero.
*BTC has an onchain transaction capacity of ~7 transactions per second,
Ethereum next few upgrades are looking at onchain transaction capacity of 100000 transactions per second.
Not to mention the damage of Europe's New Carbon Tax on only PoW networks.*

It is important to note that these scenarios are highly speculative and it is difficult to predict how events might unfold. As with any investment, it is important to carefully consider the risks and conduct thorough research before investing in bitcoin or any other cryptocurrency.



I liked these answers given by the AI and i don't think there's much left to add about this subject of price dropping to 0 and the chances of this to happen are very low and very close to impossible

Look to the Blue.

 

Dude,
none of those things are impossible, in fact they are all unfolding in front of your eyes.  

BTC is no deity , BTC PoW network is a DumpsterFire.

[BigBos]

I liked these answers given by the AI and i don't think there's much left to add about this subject of price dropping to 0 and the chances of this to happen are very low and very close to impossible

As far as I understand, ChatGPT is a language processing model developed by OpenAI. ChatGPT is not a good source for relevant opinions because it is a machine learning model and does not have personal experiences or beliefs. It can only generate text based on the patterns and information that have been programmed into it. While ChatGPT may be able to generate text that appears to express an opinion, it does not have the ability to form its own opinions or engage in critical thinking.

True, ChatGPT is only programmed based on the insights circulating on social media and only the basic knowledge that programmers put into ChatGPT, therefore the AI will not be able to produce results from the logic or feelings of the AI itself unless it is programmed in them.

tentang harga yang turun menjadi 0 dan kemungkinan hal ini terjadi sangat rendah dan hampir mustahil

I really believe Bitcoin will never become Zero despite losing trust and with the intervention of the cooperation of many countries of the world to ban bitcoin because basically many dead wallets contain Bitcoin in them and of course, Bitcoin maximalists will not let.

[TravelMug]

I think we don't need some AI to really see if bitcoin can drop to 0 or not.

I mean it has been in the market for more than 10 years and as much as the government wanted to bring it down, we haven't seen any success for them. Although we have even like the covid-19 2 years ago that tested us, but still it just goes down to $3k and then we bounce off again and hit all time high last year.

[Lucius]

I think we don't need some AI to really see if bitcoin can drop to 0 or not.

This so-called AI only provides information from the collected database, there is nothing sensational about it. If by any chance someone had adapted that database in such a way that it only gives malicious answers on the subject of Bitcoin, then the answers would be completely different and we wouldn't really like them.

All the scenarios that are explained in the OP are of course possible, without electricity and the Internet a lot of things would disappear and become worthless, Bitcoin is no exception.

[PrivacyG]

The thing about AI is it does not think on its own.  It uses patterns to confirm, invalidate information and use it accordingly.  And the information it speaks, it is gathered, stored and processed from the Web.  You can see that in the way the AI writes.  It looks like quoted paragraphs from articles.

Some people may argue thought processes are made of patterns too, and we also speak information we gather and process from various sources of information.  Sure.  But still, AI does not THINK.  It has no consciousness.  It can be either very random or very specific.  But to me, no way is it an accurate predictor.  I have yet to see something surprising written by OpenAI that makes actual sense and has not been said before.

-
Regards,
PrivacyG

[Antonas1]

The funny thing about this is why would you ask an AI? Yo! You can find similar answers in this forum with similar topics, such as can Bitcoin crash? Can Bitcoin be worthless? And much more. In fact, many members here as well as myself seem to have said the same thing about it.
AI would be great for some jobs, but not for this thing.

[Wexnident]

It's not wrong, but it doesn't exactly bring out anything new as well imo. Afaik the AI that chatbots use is just a collection of information, compare it to like them having their own internal library and choosing answers based on it, paraphrasing it so that it sounds like it thinks on its own. Honestly just testing it by asking what the result between two teams' match is enough to show how it doesn't exactly have any capability to create its own answers. It just looks for the most general and possible answer available.

[NdaMk]

ChatGPT doesn't actually have is own opinion it relies on the answers collected from past questions in same or similar discussions to provide an answer. It outrightly doesn't need to be trusted for live opinion.
The ChatGPT sometimes outrightly tells that is own opinion might be wrong. As for this discussion it will easily get the answers since its a wide discussion even in the forum. But it opinion shouldn't be used as a benchmark for investments like bitcoin it Could well miss lead people to bad investment.

[rat03gopoh]

So what response do you expect?
Everyone's answer will be more to comment on the robot's performance, supporting if giving a pro answer or rejecting if it's a con. Sorry to be a bit harsh, but I don't really like talking about the future with robots.

[sstephan]

I think we don't need some AI to really see if bitcoin can drop to 0 or not.

I mean it has been in the market for more than 10 years and as much as the government wanted to bring it down, we haven't seen any success for them. Although we have even like the covid-19 2 years ago that tested us, but still it just goes down to $3k and then we bounce off again and hit all time high last year.

sa far no government wanted to bring bitcoin down .If they did , the chances of it going to 0 are very high .

[FatFork]

People think that AI is very powerful because it's artificial intelligence, and we know from movies like Terminator that computers can be smarter than us, but if AI was known under some less hyped name, like "neural network", people would be less inclined to immediately believe in everything that comes out of it.

So called "artificial intelligence" can't perform any sort of complex analysis of difficult subjects and do things like writing original essays, it can merely mimic existing human works.

Many AI systems are designed to mimic human behavior, they can also be trained to perform tasks that are beyond the human abilities. For example, AI systems can be trained to analyze large amounts of data and identify patterns that would be difficult for a human to detect. However, the accuracy of the AI systems depends on the quality of data they are given to analyze. If the data is biased, then so will be the evaluation of that data by an AI system. The capabilities of AI systems depend on how they are designed and trained. I wouldn't even call them "artificial intelligence", because intelligence implies a degree of sentience, which is completely absent from machines. They are just algorithms designed to perform a specific task based on input data.

[piebeyb]

AI doesn't work to read the future but maybe he knows what happened today or yesterday, I just think it's human intelligence where the data used is from Google search data information or whatever is already on the internet and I used this yesterday but didn't get satisfactory answer even the AI says he can't provide any future information 

[GxSTxV]

The funny thing about this is why would you ask an AI? Yo! You can find similar answers in this forum with similar topics, such as can Bitcoin crash? Can Bitcoin be worthless? And much more. In fact, many members here as well as myself seem to have said the same thing about it.
AI would be great for some jobs, but not for this thing.

Of course i already read and i myself participated in answering the same knd of questions. It's just logical in many cases how bitcoin can crash and it's very rare to happen. I only did ask the AI in the door of curiosity and simply the AI gave logical answers too. First i thought maybe it wouldn't even give an answer