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DON'T use AI chatbots like GPT to make market predictions

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by COINS NEWS 108 Views

DON'T use AI chatbots like GPT to make market predictions

So crypto has been slow lately, and I've noticed a massive uptick in YouTube videos where idiots like BitBoy try to make it out to be these are good tools AT THIS TIME for this. (note I think sometime in the future maybe. But 100% not right now.)

https://preview.redd.it/s21wgx2pvlqa1.png?305&format=png&auto=webp&s=d1ab70dc8644b06002846b4c2f835f3a24b6786d

And note in the video he even was told by the chatbot it isn't made for this, it can't do this, and he had to manipulate it to give him an answer he wanted.

Here is the thing, these AI are not predictive AI. They can take a basic pattern like shown in his video where if you have (1, 2, 4, 8) and ask it what is next, it should tell you it's 16. Fine, but this over looks why did it go from 1 to 2 and so on. This is a far bigger indicator than just a 1 to 2 to 4. We are dealing with human psychology. Saying what is next after the given numbers, assumes the number will keep going in a given direction. That isn't how humans and economics works.

(BTW for those who didn't suffer through his complete BULL SHIT, he used the 1 to 2 to 4 to 8 thing to get the AI to say we will hit $10m in a few years)

Again, I think 1 day AI you can get your hands on, it will help. Like I think 1 day you can pick between a good or on human level AI psychologist or a human. An AI that is actually license and able to help. And if you train that model of group think. Where instead of focusing on 1 person, it's focusing on the many. If it studies the market enough, people in a group, and wider events. It is likely at that point we will start getting reliable predictions.

Yes, use them today for just the fun of things. But please don't base your trades on it. If you consider that as your research, please don't make that a 1 stop for all your research.

submitted by /u/crua9
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