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Author Topic: The impact of artificial intelligence, chat GPT on the crypto market.  (Read 803 times)
Kakmakr
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May 25, 2023, 05:32:21 AM
 #41

I think people are over hyping this whole ChatGPT AI thing, because they see "fake" market predictions from ChatGPT content providers, and they think it is actually usable.  Roll Eyes

ChatGPT and all other AI driven software have one thing in common... "Garbage In - Garbage Out" .... because the data that the AI are using are human generated and if that is flawed, then the outcome of the query are flawed too.  Tongue

AI are the new buzzword and people follow like sheep....

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May 25, 2023, 11:59:10 AM
 #42

I think people are over hyping this whole ChatGPT AI thing, because they see "fake" market predictions from ChatGPT content providers, and they think it is actually usable.  Roll Eyes

ChatGPT and all other AI driven software have one thing in common... "Garbage In - Garbage Out" .... because the data that the AI are using are human generated and if that is flawed, then the outcome of the query are flawed too.  Tongue

AI are the new buzzword and people follow like sheep....

Actually, I don't quite understand why people are using those predictions from chatGPT considering the fact, that it always says that it doesn't provide the real time date or financial advices and cannot make any predictions based only on the general knowledge. Convincing chatGPT of making some assumptions takes time and creativity, just asking is not working. That is why it seems more like people trying to get some confirmation of their own market vision and they just need some authority they can rely on.




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May 25, 2023, 12:50:35 PM
 #43

I think people are over hyping this whole ChatGPT AI thing, because they see "fake" market predictions from ChatGPT content providers, and they think it is actually usable.  Roll Eyes

ChatGPT and all other AI driven software have one thing in common... "Garbage In - Garbage Out" .... because the data that the AI are using are human generated and if that is flawed, then the outcome of the query are flawed too.  Tongue

AI are the new buzzword and people follow like sheep....

Actually, I don't quite understand why people are using those predictions from chatGPT considering the fact, that it always says that it doesn't provide the real time date or financial advices and cannot make any predictions based only on the general knowledge. Convincing chatGPT of making some assumptions takes time and creativity, just asking is not working. That is why it seems more like people trying to get some confirmation of their own market vision and they just need some authority they can rely on.

It is a success of ChatGPT developers, they have succeeded in attracting users and making billions of dollars from their product. But a failure for those who use it because they think it can tell them everything, including the future. What's more ridiculous is that many people see it as a life counselor, they always turn to it when having difficulties in work or life. Honestly, I'm quite surprised that people seek advice from inanimate software.

If ChatGPT could predict the future, then I think the developer himself took advantage of that, and he became an instant billionaire. He doesn't need to retail to many users to make such money, but people don't see this problem.

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May 25, 2023, 01:13:33 PM
 #44

I don't use much AI chat from GPT, but I have heard about its usefulness helping a lot in this area, but its information sometimes I think is very useful for those who are learning about AI chat. this environment. However, I have found that there have also been some accompanying problems of misuse of it for malicious purposes in terms of creating information of a deep nature and sometimes misleading people's understanding, and easy to understand. Think of this as a source to evaluate everything. Sometimes it is also necessary to look back on many different issues, I think its user outreach phase is really good when it has been and is proving its ability to help a lot for work.

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May 25, 2023, 08:19:25 PM
 #45

Some of my friends at marketing world started to utilize AI world, and I still insist that they are not AI, they are just software designed to do certain task, as any other we have seen, just a different software. However, they do use it very well, how? They use it to do marketing, which means they are getting help with everything they need, from SEO to ad networks to preparing press release to adjusting calculations on which ads work better, to designs, to anything else really. They are utilizing it to max, it hasn't been really that much so far so I can't say that they are making money thanks to that, they were making money before, they are now, maybe their job is easier, that's all I can assume, but at least I know that if you are in the crypto market and want to take a look at AI from another approach, by utilizing for work instead of coins, then you could maybe make a decent return.
That is exactly what AI is useful for, marketing, SEO, copywriting, content writing, and a lot more things where AI models like GPT-4 can be utilized and they are way more helpful than what a person might assume or think. People need to stop trying to use these tools for things that they are not created for and use them only where they are suitable.

Cryptocurrency market and trading are things that are not suitable for ChatGPT or GPT-4 since they require a lot of critical thinking and chart reading and other stuff that a tool like this can only assist you with but can't do it all alone.

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May 25, 2023, 11:44:19 PM
 #46

No, I don't believe there will be a solution for hackers; they are a crime organization, and we even have state-sponsored hackers like the Lazarus group, so they are not something that can be stopped just because AI is in full swing right now or even because cryptocurrency is the newest buzzword.
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May 25, 2023, 11:51:53 PM
 #47

I think people are over hyping this whole ChatGPT AI thing, because they see "fake" market predictions from ChatGPT content providers, and they think it is actually usable.  Roll Eyes

ChatGPT and all other AI driven software have one thing in common... "Garbage In - Garbage Out" .... because the data that the AI are using are human generated and if that is flawed, then the outcome of the query are flawed too.  Tongue

AI are the new buzzword and people follow like sheep....
yes, everything should not be exaggerated. In fact, I think that this year the world market is being led to promotions related to AI. so that every product that relies on AI looks cooler.

Our task is only to be more active in studying it. we must not lose to compete in today's technological advances. AI is only man-made and well there are always errors in it. and I just prefer to adapt to the progress that is happening now, especially in the field of AI.

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May 26, 2023, 04:31:13 AM
 #48

I think in certain Wendys locations they are using AI to take your order when you are on drive thru. It’s amazing how fast this technology is being applied. And most likely the AI will have no issues taking most of the orders correctly.

So it’s good but you need to understand that they will be many job losses as a result. Basically you won’t need to pay any workers to take orders, just need workers to make the burgers, and that can be done by a robot also. The world is advancing fast due to AI.

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May 26, 2023, 06:37:49 AM
 #49

I think in certain Wendys locations they are using AI to take your order when you are on drive thru. It’s amazing how fast this technology is being applied. And most likely the AI will have no issues taking most of the orders correctly.

So it’s good but you need to understand that they will be many job losses as a result. Basically you won’t need to pay any workers to take orders, just need workers to make the burgers, and that can be done by a robot also. The world is advancing fast due to AI.

I think that the positive side of the very idea of ​​creating artificial intelligence lies precisely in the fact that the work that people are doing now can be delegated, thereby freeing a person from the direct need to work for a living. Of course, even such noble changes are a great stress for a world that is quite conservative at its core. People will tend to think negatively about loosing their jobs, because most of them cannot imagine theirselves so free to allow themselves not to work, but do something more creative, opening themselves from different sides and not being only a productive function. The future goal itself looks very attractive, but this stage of transition to it will cause strong resistance from those who will be affected by such changes in the first place.

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May 26, 2023, 03:28:39 PM
Last edit: June 23, 2023, 07:41:34 PM by coupable
 #50


So it’s good but you need to understand that they will be many job losses as a result. Basically you won’t need to pay any workers to take orders, just need workers to make the burgers, and that can be done by a robot also. The world is advancing fast due to AI.
Perhaps in the field of trading, artificial intelligence can be useful, but do not forget that this benefit is for a very small percentage of users, who are traders. At the same time, most studies indicate that the considerable progress in developing artificial intelligence applications will cause the disepearing of more than 30% of jobs in the world. You can imagine the impact this will have on the global job market.
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May 28, 2023, 02:50:30 AM
 #51

Artificial intelligence has a significant impact on the crypto market. One of the main ways AI has impacted the market through its ability to analyze vast amounts of data and provide insights into market trends. This has allowed investors to make more informed decisions about when to buy, sell or hold their crypto assets. Chat GPT in particular has been used to create chatbots that can assist investors in making trades and managing their portfolios. These chatbots are able to understand natural language and provide personalized recommendations based on an individuals investment goals and risk tolerance. AI has been used to detect and prevent fraud in the crypto market. By analyzing patterns in transactions AI can identify suspicious activity and alert authorities. I think chat GPT has improved the efficiency and accuracy of the crypto market making it easier for investors to navigate and participate rapidly evolving industry.

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Uruhara
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May 28, 2023, 03:39:12 AM
 #52

Ai is not about Chat GPT, Maybe some of you AI is a chat gpt, No. There are many new economies about AI. This is a new job. Like Prompt Engineer.
It is true. But the discussion here is themed on AI projects specifically tentang chatGPT. and well i think everyone knows that chatGPT is just one of many AI projects. And even more AI projects are being created to compete with GPT. Even the SingularityNET company is also developing their own AI project which is even touted as a ChatGPT killer. More precisely SingularityNET developed the Next Generation AI Application named Zarqa. Bottom line Zarqa is made to one day rival ChatGPT and beat ChatGPT in intelligence.

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May 28, 2023, 04:04:31 AM
 #53

I think Chat GPT takes us one of steps into Singularity, it has converged knowledge, which is a bad thing, there is almost nothing it can't do, I read somewhere that Chat GPT does a better job at contract audits as compared to all these audits platforms will have in cryptospace and I know the people behind it will be collecting these data which will make chat GPT even smarter, it is going to make humans jobless and empty and it would be difficult to see many people fulfilled their God given potentials because only few set of people will be able to control this program which will take this people to the God mode level and can even lead to adbuse in the hands of authoritarian governemnts


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May 28, 2023, 04:11:48 AM
 #54

Coinbase Director Conor Grogan even had to explain recently how a GPT-4 helped him identify flaws that could be exploited both ways, after he dumped an Etherum contract therein.

Of course, I wouldn't expect anything less from it. That is what is has been programmed to do. In my opinion, it is nothing out of the extraordinary.

Quote
*Is chat GPT which is the latest AI, the answer to hackers and scammers?
Heard of Good Brad which is more sophisticated than Chat GPT? There are other AIs more powerful than chat GPT that is not yet available in the public domain. Lol... it wouldn't end scammers. From time immemorial there have been scammers and hackers and there will be scammers. Scammers will get smarter. The only thing it will help do is spot them quickly and alert the human agent who would be responsible for making the final decision

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*Is it a policing agent that would help stabilize anonymous anomaly in the trading space thereby reducing volatility?
The answer is not. Reducing volatility is not black or grey. It may even increase volatility becasue people may try to use it for bad things that may increase FUD.
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May 28, 2023, 03:19:44 PM
 #55

ChatGPT writes pretty good texts, at least in English. So of course it can write up good letters that can be used to scam people. Nothing revolutionary, but it can save time for the scammers. It can also help write code, although it often makes mistakes, just like humans do.
To me, it's a helpful assistant to spend less time when I need ideas or examples for classes I teach (I usually don't run with what it suggests but it helps me think of better ones), and with cryptos it's someone that can help me understand technical things when I'm not sure I understand (although it can also hallucinate stuff like that, of course).

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May 28, 2023, 03:42:42 PM
 #56

with cryptos it's someone that can help me understand technical things when I'm not sure I understand (although it can also hallucinate stuff like that, of course).


It seems to me that in technical matters chat GPT is useful in the way it gives more concise answers to your questions. Thus, you are relieved of the need to search for information yourself, compare it, and select the necessary from the peripheral. However, in my experience, the answers were extremely generalized, especially at the beginning of the "dialogue". It was necessary to ask a lot of leading questions in order to get the information I was interested in. And leading questions themselves are not a reliable source, since they affect what answer will be given, which means that you no longer receive completely objective information, but rather what you already assumed yourself (otherwise you would not ask those leading questions at all). In addition, it was often mistaken because it "thought" that it did not have information that was relevant today. Although when I wrote to it, referring to sources, about current trends and changes in the market, it "remembered" that it could use this data and continue to answer my question based on it.

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May 28, 2023, 04:54:27 PM
 #57

ChatGPT writes pretty good texts, at least in English. So of course it can write up good letters that can be used to scam people. Nothing revolutionary, but it can save time for the scammers. It can also help write code, although it often makes mistakes, just like humans do.
To me, it's a helpful assistant to spend less time when I need ideas or examples for classes I teach (I usually don't run with what it suggests but it helps me think of better ones), and with cryptos it's someone that can help me understand technical things when I'm not sure I understand (although it can also hallucinate stuff like that, of course).

This AI is actually helpful in many things it can be in work, studies and research. But if you only rely on the information that this AI gives which is some info are from articles meaning it just stolen, then probably you might get the wrong information and get scammed. Worse it might affect your status to work or even in the school.

Same with crypto, of course you could still search for some info that Chat GPT can generate but still you should keep double check in the internet. Like examples and definitions. But if you rely on the predictions and calls from an AI that even human couldn't even predict, then you money is at danger.

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May 28, 2023, 06:19:50 PM
 #58

So it’s good but you need to understand that they will be many job losses as a result. Basically you won’t need to pay any workers to take orders, just need workers to make the burgers, and that can be done by a robot also. The world is advancing fast due to AI.
I envy you for your optimistic view on the matter. On the contrary, I believe that the world is not yet ready for such a technology that carries as many negatives as it carries positives, and perhaps more. Perhaps in the field of trading, artificial intelligence can be useful, but do not forget that this benefit is for a very small percentage of users, who are traders. But at the same time, most studies indicate that the great progress in developing artificial intelligence applications will cause the abolition of more than 30 percent of jobs in the world. You can imagine the impact this will have on the global labor market when people are no longer able to find jobs.
I do agree with him, we could move towards robotic systems for food industry, but not like we were really doing very well by hiring people there neither. I understand underqualified people and young people like colleges and even as young as high schoolers ended up working at McDonalds type of place.

However, you go to a counter, there is a screen, you select what you want to eat, you pay with your card, the machine cooks it and wraps it for you, and you get it and you leave. Does it really look like a dystopian thing even today? I am not saying lets all do that, obviously they are not because it might be not profitable, after all machines have maintenance so if that is higher cost than workers salary, then it doesn't make sense. But I feel like it can be done even today.

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coupable
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May 28, 2023, 10:45:28 PM
 #59

So it’s good but you need to understand that they will be many job losses as a result. Basically you won’t need to pay any workers to take orders, just need workers to make the burgers, and that can be done by a robot also. The world is advancing fast due to AI.
I envy you for your optimistic view on the matter. On the contrary, I believe that the world is not yet ready for such a technology that carries as many negatives as it carries positives, and perhaps more. Perhaps in the field of trading, artificial intelligence can be useful, but do not forget that this benefit is for a very small percentage of users, who are traders. But at the same time, most studies indicate that the great progress in developing artificial intelligence applications will cause the abolition of more than 30 percent of jobs in the world. You can imagine the impact this will have on the global labor market when people are no longer able to find jobs.
I do agree with him, we could move towards robotic systems for food industry, but not like we were really doing very well by hiring people there neither. I understand underqualified people and young people like colleges and even as young as high schoolers ended up working at McDonalds type of place.

However, you go to a counter, there is a screen, you select what you want to eat, you pay with your card, the machine cooks it and wraps it for you, and you get it and you leave. Does it really look like a dystopian thing even today? I am not saying lets all do that, obviously they are not because it might be not profitable, after all machines have maintenance so if that is higher cost than workers salary, then it doesn't make sense. But I feel like it can be done even today.
As I have already explained, the great benefits of the development of artificial intelligence technology cannot be denied, and how much this will contribute to finding practical solutions to save time and carry out tasks more efficiently. But let us not forget some of the considerations upon which our existence as human beings is based; Work, for example, is a fundamental characteristic of man, like other beings, and if we can develop machines to carry out all tasks (this is what we are on the way to, in fact), then we will certainly lose one of the values that support our passion for life. The same thing applies to the idea of human creativity, given that we should not abandon it completely for the benefit of machines of our own making. If we lose the spirit of creativity, the Frankenstein that we made may destroy us all, and this is a strong hypothesis if the development of artificial intelligence applications continues at the same pace that we see today and without an objective study of the prospects for all that and all possible possibilities.
It is possible, at a certain stage, that we create a contract that we all adhere to, which clarifies the limits that we must adhere to in order not to lose ourselves in one way or another.
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May 28, 2023, 11:38:39 PM
 #60

I think people are over hyping this whole ChatGPT AI thing, because they see "fake" market predictions from ChatGPT content providers, and they think it is actually usable.  Roll Eyes

ChatGPT and all other AI driven software have one thing in common... "Garbage In - Garbage Out" .... because the data that the AI are using are human generated and if that is flawed, then the outcome of the query are flawed too.  Tongue

AI are the new buzzword and people follow like sheep....

Lol, I learn that chatgpt is far from perfect so I do not think that it has a huge impact in the crypto market yet.  Although it has the ability to create trading tools but it must be guided by a person knowledgeable of creating code since chatgpt oftentimes mess up with its suggestion and anyone who has no knowledge about the subject will definitely be misguided.


Quote
AI are the new buzzword and people follow like sheep....

Exploiters often take advantage of the buzzword to lure people's investments to thier money trap.  Sadly people never learn and keep on falling into these exploiters trap.

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