AI answer to how can bitcoin price drop to 0$

[so98nn]

Hmm, These AI things are really taking over the world. AI bots, AI chats, Neuralink and God knows what else are we going to invent in this world? They are really taking over and I hate to break it but we are not really in the good position to digests these things. They could actually change the course of thinking we have. AI can manipulate us to extreme levels and just like OP, AI is giving different answers every time. Which means there will be mind games in the future and if peeps started to relying on it then dam we are done man. It could go in wrong direction soon.

[Casdinyard]

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

The AI made some great pointers which is to be expected, but then again the disclaimer of it being speculative just goes to show that these scenarios are very unlikely to happen, with the exception of obsolescence as technology expontially improves every single year, it could be possible that in the not-so-distant future we encounter a crypto that we will love more than bitcoin because of how beneficial it is, profitable, or other factors. But until that day comes, bitcoin remains the top 1 cryptocurrency and that will stay the same for a projected long-ass  time. We can never forget how helpful bitcoin has been and how impactful it was for a number of us.

[Nhazwrath]

I did play around with this a bit.   It clearly has built in bias guidelines and will even tell you that it probably has bias.  It doesn't seem able to answer questions on things like what is an inappropriate question and how does it determine this.  So it has guidelines that it can't access until the question is asked. 

I successfully managed to ask it many questions of which it cannot answer.  But Google still can so this is not a Google killer yet. 

But,.  Unlike Google the chat GPT informs me that it is capable of running on a beefy PC.  Independent of Google servers.  Which take up a warehouse or two.  So this might be an almost functional personal assistant unlike the Alexa Google and Bixby.  Which are fairly useless. 

It also tells me that it's data is cut off for anything later than 2021.  And I asked it how would I go about updating it and it starts getting evasive again.   

So I see real potential here I also think that the version that we can play around with is seriously neutered.

[pixie85]

I did play around with this a bit.   It clearly has built in bias guidelines and will even tell you that it probably has bias.  It doesn't seem able to answer questions on things like what is an inappropriate question and how does it determine this.  So it has guidelines that it can't access until the question is asked. 

I successfully managed to ask it many questions of which it cannot answer.  But Google still can so this is not a Google killer yet. 

But,.  Unlike Google the chat GPT informs me that it is capable of running on a beefy PC.  Independent of Google servers.  Which take up a warehouse or two.  So this might be an almost functional personal assistant unlike the Alexa Google and Bixby.  Which are fairly useless. 

It also tells me that it's data is cut off for anything later than 2021.  And I asked it how would I go about updating it and it starts getting evasive again.   

So I see real potential here I also think that the version that we can play around with is seriously neutered.

I think it's learning and the more questions people ask it the better it will become at answering. It's like that AI developed to play starcraft and it became so good that it managed to beat pro players, but it also suffered from all the typical AI issues like prioritizing some action like defense over offense and knowing it gave the players an edge in some situations.

When it comes to bitcoin going to 0 it answers pretty good. You can see it's trying to be balanced like not saying that it will or will not happen but giving "its own" opinion.

I think it will never happen although there's a very small chance that it could because the price isn't bitcoin's value. If you do a coordinated dump of a million bitcoins all at once you could crash the price to extreme lows even below 1 USD but it wouldn't be the real value like when bitcoin crashed to 3000 in 2020 it wasn't the real value.

[Oceat]

Hmm, These AI things are really taking over the world. AI bots, AI chats, Neuralink and God knows what else are we going to invent in this world? They are really taking over and I hate to break it but we are not really in the good position to digests these things. They could actually change the course of thinking we have. AI can manipulate us to extreme levels and just like OP, AI is giving different answers every time. Which means there will be mind games in the future and if peeps started to relying on it then dam we are done man. It could go in wrong direction soon.

AI were just basically mimicking the human works or what the creators put in their data they were just like human. So it could be everything what the AI was saying could be wrong but it does make sense though since everything what it told was just a possibility that Bitcoin would drop to 0. It's like predicting the worst case scenario but won't actually happen unless that worst case scenario do come true.

We have AI nowadays that can operate or help people from their daily lives such as "Alexa" or the Google drive but most of them aren't 100% correct so you will have to depend on your judgement too.

[dothebeats]

That AI is currently in learning mode. It cannot predict things; it only uses the information it got thus far and constructs sentences based on it and on the question that was asked. Imagine asking a child about how the world ends. This kid watched a lot of doomsday movies, read a lot of fear-mongering article, and a lot of information in-between. What do you think will that kid answer you? Based on facts or based on what he/she knows so far?

It's a great way to pass time, but obviously not a great way to predict the future.

[hugeblack]

These answers do not appear to be artificial intelligence answers, but rather answers that the tool has been programmed to give because it dives into a justification narrative, not like the answers that you get from artificial intelligence that tries to learn from different sources.
In general, what is the new thing that artificial intelligence will add to such a question? Is this question still valid?

[Leviathan.007]

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. ]
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d about this subject of price dropping to 0 and the chances of this to happen are very low and very close to impossible

The result you may get from the AI prediction totally depends on the data you give the AI processors, so even if you consider every single scenario still there is a chance to say none of is exact and the price will never reach the price 0 price level. because many people think this is a scenario we can see after the whole bitcoins are mined but even after that day the price won't drop even temporarily as you said.

[pawanjain]

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 :

I have heard of ChatGPT in one of the Youtube videos and did wanted to try it. It's a good to see how AI has been used here.
But one thing to note is that it will only portray things which are programmed into it. It doesn't have a sense of it's own.
Which is why we should believe on what the AI chat has to say. While it can be a fun experiment at eventually it will process information what is fed to it.

[avikz]

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.

Don't we already have a superior cryptocurrency available in the market? Which are faster and cheaper than bitcoin and also more anonymous than bitcoin. Did bitcoin lose its importance? No!

Bitcoin enjoys the perks of being the pioneering cryptocurrency. Millions of miners around the world have set up their mining rigs to mine bitcoin and secure the bitcoin network. So it's highly unlikely for bitcoin price to come down to zero for this reason. but anyway, I understand this is what an AI bot wrote, and AI can't match human intelligence in any way. Nothing to be take seriously here!

[Smartprofit]

The possibilities of modern artificial intelligence are amazing.  It is very interesting to be in the Future! 

However, I would not consider the chatgpt neural network as a modern oracle or a legendary sphinx that can answer any question.  Such networks are trained and trained not on the ideas of wise seers, but on the ideas of the most ordinary inhabitants. 

Accordingly, chatgpt's predictive capabilities are limited. 

I would ask this neural network questions about the parallel interaction of CBDC and Bitcoin.  I wonder what she will answer us?!

[Kryptowerk]

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

First of all thanks for sharing this - it was quite entertaining to read.
To my suprise, the answer given by this AI is actually what I would excpect from an individual with years of in-depth experience in cryptocurrency and specifically Bitcoin that still keeps an open mind. Very nice, positively suprising.

[BlackHatCoiner]

Pay attention to the responses; they're objectively correct. The AI doesn't have an opinion. If you notice it, the answers are given with political and objective correctness.

It looks like quoted paragraphs from articles.

Well, it surely have been fed with articles, but the final result is just brilliant, because it doesn't leave much room for questioning. It also doesn't have access to the internet, and that's its data is limited to 2021.

[GxSTxV]

These answers do not appear to be artificial intelligence answers, but rather answers that the tool has been programmed to give because it dives into a justification narrative, not like the answers that you get from artificial intelligence that tries to learn from different sources.
In general, what is the new thing that artificial intelligence will add to such a question? Is this question still valid?

Well i agree for the answers given to my question were a bit similar to what you can find in any source of internet. I don't really understand exactly how this AI works but I'm sure it's more than what just given to it. This AI could generate many things and more informations that aren't available anywhere in internet. I used it for my studies in university for some informations that you can't even find any article about it but this AI could give me good answers
You can generate strories with the details that you provide. So the least you can call it is something smart.
Back to my question i asked was just about what can provoke that scenario to happen and not if possible and i find the answers are correct at least

[BitcoinPanther]

Pay attention to the responses; they're objectively correct. The AI doesn't have an opinion. If you notice it, the answers are given with political and objective correctness.

It looks like quoted paragraphs from articles.

Well, it surely have been fed with articles, but the final result is just brilliant, because it doesn't leave much room for questioning. It also doesn't have access to the internet, and that's its data is limited to 2021.

It would be best if the AI can have access to internet and can filter out the right from the wrong information.  The AI stated on the OP is a mimic of an encyclopedia where information is accessible by asking question (act like a search function) and I suppose the answer will be fixed with no variation at all.  So I wonder what is the difference between this AI from encyclopedia e-books?

[davis196]

This AI answered your question with a bunch of information gathered from the world wide web. What else were you expecting?
There is an AI image generating tool on Discord(I forgot it's name) that simply gathers phots and images from the web and combines them in different ways. The results are interesting, but the AI still isn't capable of doing creative stuff and producing original thoughts(and images).
I wouldn't say that this is true Artificial Intelligence. It's more like a superfast search engine, that gathers and analyses information from the internet(all the databases that are available). I know that having intelligence is that same as gathering and analyzing information, but there must be something more to it.

[BlackHatCoiner]

It would be best if the AI can have access to internet and can filter out the right from the wrong information.

It does do that, it just doesn't have Internet connection. But for incidents, events and news before 2021, it's accurate and has been taught to filter texts properly.

The AI stated on the OP is a mimic of an encyclopedia where information is accessible by asking question (act like a search function) and I suppose the answer will be fixed with no variation at all.  So I wonder what is the difference between this AI from encyclopedia e-books?

The difference is that it gives you a summary throughout all these hundreds of encyclopedias, in a filtered, quick and human manner.

[DdmrDdmr]

<…>

I’ve tried to find out how the training data for the model behind Chat GPT, which is not easy to find in detail. The closest I’ve managed to come-across is the description provided here.


It’s better to follow the links provided by the content author is one really wants to get a broarder idea of what’s behind the summarized table (i.e. Book1 is Bookcorpus, which includes over 11k books; Common Crawl is a non-profit organization that provided petabytes of scraped data that goes as far back as 2011, and so forth).

Note:
Interesting/non-interesting surprise: Checkout the names of the founders of Open AI back in 2015.
Clue: Twitter’s current (for now) CEO

[BlackHatCoiner]

I’ve tried to find out how the training data for the model behind Chat GPT, which is not easy to find in detail. The closest I’ve managed to come-across is the description provided here.

Good description. Machine learning is more fascinating than I thought. I had come across a similar bot in the past, but it didn't serve the user in that manner. I took a look into ChatGPT a week ago, and I'm just astonished. It's nearly perfect in copywriting, impressively helpful in coding (you can tell it to code, and make it explain you what each line does), and good enough for essays, literature, scripting etc.

Interesting/non-interesting surprise: Checkout the names of the founders (https://en.wikipedia.org/wiki/OpenAI) of Open AI back in 2015.
Clue: Twitter’s current (for now) CEO

As always, genius in both innovation and entrepreneurship.