Bitcoin price trajectory using AI

[irhact]

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.

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.

[CarnagexD]

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.

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:


The second time asked it, this was its response:


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.

[BitMaxz]

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.

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.

[Nrcewker]

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.

[Similificator]

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.

[Oceat]

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.

[mvdheuvel1983]

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.

[taufik123]

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.

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://twitter.com/blader/status/1640387925912477698

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

[eaLiTy]

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If chatgpt could see all of that it maybe it could possible be predict future prices? or make a trader bot?

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 , 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.

[TheGreatPython]

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.

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.

[Strongkored]

can Chatgpt predict bitcoin bullrun?

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.

[pixie85]

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.

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.

[Silberman]

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.

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.

[tygeade]

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.

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.

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.

[GeorgeJohn]

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.

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.

[Z390]

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  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.

[Similificator]

~

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.

[Bitcoinislife09]

can Chatgpt predict bitcoin bullrun?

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.

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.

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.

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.

[adaseb]

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.

[demonica]

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.