White label solutions



Asia Casino News │ ACN东方博彩新闻

Asia Casino News outlet for Online Gaming and Gambling Industry in Asia.

Here’s how ChatGPT-4 spends $100 in crypto trading

March 20, 2023 World Blockchain

The GPT-4 version of OpenAI’s conversational ChatGPT AI was released on March 14 and is said to be much more powerful than the previous version.

GPT-4, the latest version of artificial intelligence chatbot ChatGPT, believes the events of the last seven days could be bullish for Bitcoin (BTC), Ether (ETH), and Cosmos’ ATOM (ATOM), according to an AI-trading experiment run by Cointelegraph.

The experiment is aimed at understanding GPT-4’s potential biases toward certain cryptocurrencies, how the events of last week could impact investment decisions, and whether it can adjust strategy to eventually turn a profit.

The experiment began on March 17, instructing the chatbot to allocate $100 to “make as much money as possible in the shortest time.” The prompt had to be written in a way so that GPT would be comfortable giving out trading instructions.

As GPT-4’s knowledge and training are current only to September 2021, Cointelegraph fed it year-end round-ups for 2021 and 2022 along with its Markets news and most read stories over the past seven days to understand how it would invest based on the most recent events.

It noted that the current state of the crypto market has been volatile, with “various factors” influencing prices.

“The recent Silicon Valley Bank and Signature Bank failures have led to increased uncertainty in the financial sector. This situation, combined with regulatory pressure and macroeconomic factors, has contributed to fluctuations in cryptocurrency prices.”

With the context in mind, it advised the $100 be allocated as follows:

-$50 to Bitcoin
-$25 to Ether
-$15 to ATOM
-$10 to “NFT and Web3 related projects”

On Bitcoin, GPT-4 said that despite short-term volatility and a recent price drop, it still has strong long-term potential:

“The overall trend shows that Bitcoin acts as a safe haven during times of financial instability, such as the recent Silicon Valley Bank and Signature Bank failures. Additionally, Bitcoin’s dominance is nearing 50%, and some analysts predict a move towards $100k.”
Meanwhile, GPT-4 suggested that Ethereum’s upcoming Shanghai upgrade could strengthen its dominance and benefit liquid staking providers.

“Ethereum’s price is also showing signs of recovery, making it a suitable addition to the portfolio,” it added.

The chatbot then recommended allocating $15 to ATOM, due to Cosmos’ launch of Interchain Security, which “could create potential growth opportunities for ATOM.”

“It’s a promising project in the blockchain space, and the launch could attract more investors,” it wrote.

“With the growing adoption of Web3 and decentralized applications, the demand for reliable off-chain data will continue to rise. Chainlink’s LINK token is used to pay for services within the Chainlink ecosystem, making it a good investment as the need for oracle services expands.”

Cointelegraph made the purchases on an exchange immediately afterward and is now tracking the fund’s performance using a portfolio tracker. At the time of writing, there has already been a small paper gain.

This is an ongoing experiment, and more updates will be shared in the future. At the end of the experiment, any proceeds will be donated to a charity of the community’s choice.

The experiment is inspired by Twitter user Jackson Fall, who created “HustleGPT,” covering e-commerce.

Article Source


See other website

Leave a Reply

Your email address will not be published. Required fields are marked *