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Author Topic: An AI-powered Twitter bot predicts Bitcoin’s price  (Read 343 times)
masyari
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April 12, 2024, 12:24:35 PM
 #21

We need at least two another gens of LLMs to really care about their predictions
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April 13, 2024, 03:22:28 AM
 #22

Months later, after taking AI courses, I decided to try again. This time, it worked. But it wasn’t as accurate as I expected. I accepted that no such thing predicts a cryptocurrency’s price with 100% accuracy.
I really don't understand how you may think that AI could somehow predict the future. Nothing can be 100% sure, it's 2024, this type of expectations shouldn't even exist at this point. For all we know tomorrow Russia could declare war to the European Union and all the markets would crash and who knows what else could happen in the future.

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peter0425
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April 14, 2024, 07:21:41 AM
 #23

Months later, after taking AI courses, I decided to try again. This time, it worked. But it wasn’t as accurate as I expected. I accepted that no such thing predicts a cryptocurrency’s price with 100% accuracy.
I really don't understand how you may think that AI could somehow predict the future.

AI is mostly powered based on data and human activities so I am sure that the idea of a AI bot being able to read the market and its possible outcomes is not that unrealistic.

It might not be successful right now but I believe that we could reach different places someday with an AI prediction bot. I think it could definitely help and if perfected can do so much for the economic sector.

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April 14, 2024, 08:03:27 AM
 #24

Months later, after taking AI courses, I decided to try again. This time, it worked. But it wasn’t as accurate as I expected. I accepted that no such thing predicts a cryptocurrency’s price with 100% accuracy.
I really don't understand how you may think that AI could somehow predict the future.

AI is mostly powered based on data and human activities so I am sure that the idea of a AI bot being able to read the market and its possible outcomes is not that unrealistic.

It might not be successful right now but I believe that we could reach different places someday with an AI prediction bot. I think it could definitely help and if perfected can do so much for the economic sector.

Yes it somehow had a basis since it gather all the information available that's why it gives out certain data that might possible to happen in future. But even if there's prediction given by AI then maybe its better for us not to 100% believe on it and still we need to think about other things so that we will not fucked up by something like expectation didn't meet. Remember that there's disclaimer that market is volatile and prediction may change depends on the movement of the market so there's no accurate things given but the prediction given by AI is helpful since its like we have some snapshot on what possible scenario may happen in future.

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Maus0728
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April 14, 2024, 09:24:36 AM
 #25

It is impossible to see the future! Writing some code to predict it, is definitely not going to work.
This is why your "bot" fails.

We aren't yet in the unpredictable territory either. I'd say at the time being because of the halving and the similar patterns in history we are in a more predictable phase where speculation about the price is easier in comparison to other times when certain events cause unpredictable volatility.
We'll eventually get there, success after all is a compilation of mistakes (that's not repeated), we will eventually be able to predict prices and I think that they're probably doing this too with the Stock Market, if you can corroborate human behavior and the previous market for that time and arrive at a conclusion, there's a chance that you can predict what can happen, of course this won't be true in the cases of market manipulation but if we're just talking about the invisible hands of the market then AI will able to eventually predict how the market will move, AI isn't perfect yet but we humans will eventually come to that point.
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April 15, 2024, 09:11:50 AM
 #26

AI is mostly powered based on data and human activities so I am sure that the idea of a AI bot being able to read the market and its possible outcomes is not that unrealistic.

It might not be successful right now but I believe that we could reach different places someday with an AI prediction bot. I think it could definitely help and if perfected can do so much for the economic sector.
Yes it somehow had a basis since it gather all the information available that's why it gives out certain data that might possible to happen in future. But even if there's prediction given by AI then maybe its better for us not to 100% believe on it and still we need to think about other things so that we will not fucked up by something like expectation didn't meet. Remember that there's disclaimer that market is volatile and prediction may change depends on the movement of the market so there's no accurate things given but the prediction given by AI is helpful since its like we have some snapshot on what possible scenario may happen in future.
Even though we are only predicting here, let's admit it that we can rely more on someone or something which had a basis than compared to those who don't have it because their predictions might have a better success rate. Given that AI's are only programmed by humans, why will someone worry about their ability?

I mean, it's the same as listening to a human but it's just that it was the AI this time, though yeah that no matter what side we choose, we should not ever give our 100 percent trust to them, especially when it comes to predictions. Not only that we will be safe, we won't also mess up our mental health for expecting too much that didn't came into a reality.

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