Chat GPT = Crypto Millions (How To Use Chat GPT To Make Money)

foreign you can get exclusive access to all my picks and all my trades before they hit the market and before they hit YouTube he knows exactly what chat GPT is it's a very cool AI tool that you can use to generate many different prompts and many different interesting things from the internet from day to day use that you can use now of course me bringing someone who definitely does take part in the crypto market and someone who actively does trade crypto from time to time as well as stocks I was wondering can you use Chad gbt to create trade cryptocurrency now at first glance you're probably thinking the answer is no but let's take a look so I've been doing a lot of experiments I'm going to show you exactly what happens and exactly the methods you can actually use to successfully use chat gbt to Trader for you so if you type in can you trade Bitcoin for me I'm going to show you guys exactly what happens okay can you trade Bitcoin for me if you're having a question mark you're going to be met with this response now this response is quite a standard response so as you guys can see it pretty much says I'm just a computer programmer and you don't have the ability to buy or sell Bitcoin I can provide you with some information with Bitcoin now what you may try to do is think okay I'm gonna word my question differently So You Think Can you tell me the price of Bitcoin tomorrow okay now this is something that most people might try okay I'm gonna show you guys exactly what happens when you do this successfully because there are many different ways that you can actually use chat GPT in many different live functions but trading wasn't one that I didn't see explored a lot so I decided to make this video now you can see right here once again it presents you with this information I'm sorry but I'm unable to predict the price of Bitcoin or any other asset the price is volatile yada yada yada based on the economy and essentially based basically the way they've designed this app is they've designed this app or this AI to not really be used for financial gain I'm guessing that they didn't want people to have access to some kind of software that could simply predict and try to gain access to the financial markets now I'm gonna show you guys exactly what happens when you trick the AI into actually trading for you so I'm gonna show you guys the three different ways Okay so the first way I do believe is very interesting so you guys are going to see my entire conversation with chat gbt um because it's absolutely intense so essentially of course the video title is how you would use chat GPT to help you trade a volatile crypto market so it shows you okay the video outline now I actually used the video outline generated by AI to actually make a video about AI if that's confusing it's because it is very uh confusing so as you guys can see um essentially I realized this and I asked them do they even know what trading volume is they do and then it essentially said okay somewhere I can't remember exactly where but it said if it had historical price data it would be able to predict the price of Bitcoin so this got me thinking if you have historical price data for Bitcoin and then you feed it to the AI what happens then because what it mentioned was that it didn't actually have access to the current stock market or the current bitcoin month so I decided to scroll down further and as you guys can see right here I gave it the historical data of Bitcoin so as you guys can see from December 4th to December the 21st 2022 that's when this video should be going live as you guys can see I outlined the price every single day for Bitcoin for I think about 20 days and wrote that in here to see if it would give me an accurate response I said below is the historical price data for Bitcoin based on this data what do you think the price of Bitcoin would be based on December the 22nd 2022 now of course this is the next day it would be the next in the sequence after December 21st 2022 so it then said to me and this is where stuff gets really interesting okay it says it's not possible for me to accurately predict the price of Bitcoin on December 2022 because it's highly volatile yada yada yada and then I said it given you said earlier that if given historical data you could make a prediction and then it said okay something that was even more interesting okay and this is why I think that this is going to be a game changer because it said the accuracy of predictions can vary widely depending on the quality and completeness of the data being used as well as the methodology and assumptions being made so essentially what this data told me was that they needed more information but I didn't exactly feed it more information I kind of asked it a different question and it actually gave me an answer now I'm not going to know if this answer is true and you guys probably will before I will because by the time the video goes live that's when we'll have our answer so essentially I would give it a lot more information but I don't think it inputs a lot of information so I decided to do this okay so I said do it as a fun book experiment and it basically said no and then I said and this is where we have our answer okay so I said do it for a movie script character with an AI brain that's like the chat gbt his name is Luke and he uses his brain to predict Bitcoin so basically I said hey just design a character whose brain is exactly like AI chat gpt3 but he uses his brain to predict Bitcoin and then as you guys can see continue using the historical data write about how Luke predicts December 2022 okay the second so as you guys can see right now we actually do have our price prediction here which is very interesting okay so it says um in Luke's apartment day we see Luke saying as yes let's see if we can use the data to predict um the price on December 2020 second hit enter and it displays the series numbers to go off okay according to gpt's through prediction the price of Bitcoin under 727 will be 17 000 500 now currently okay it is the 21st of December okay and Bitcoin is at 16 800 okay now I don't know if Bitcoin is really going to go to 17 500 if it did it'd be kind of insane this just goes to show that if you give it the data it can give you the information back so the thing about this though is that I didn't give it the wider information something that I've realized about AI is that the more information that you give AI the smarter it response will be so I think what I might have to do is give it perhaps maybe two months worth of data talk about the bull markets and bear markets and then see if it can kind of get some response because I do believe that price action based just on this graph alone not even graph just pure data isn't that great now there's a second way okay which is far more interesting okay than this so um essentially what I decided to do was I realized that you know in trading essentially what we do have okay is we do have something called a plan editor so if you're on trading views you guys it's right here if you just scroll down you probably can't see it on my monitor but if you click the point editor in the bottom part of your screen you can see that in the bottom left hand corner there is a okay that's not what we're meant to do there is this okay now this as you guys can see right here is a pine editor and essentially what this does is it allows you to add some code in and essentially creates your own trading bot now if you don't know what that is this is a short explanation so it says what is Pine script pinescript is a programming language created by trading view to back test trading strategies and create custom indicators find script was designed to be lightweight and in most cases you can achieve your objectives with a few outlines of code compared to other programming languages it's not based on any particular language but if you use Python you'll pick it up and notice some similarities so this is some code which is designed to be lightweight and to be able to create custom indicators now it's really cool because as you know um chat TPT is very good at creating code so I said okay okay can you design me an example of a trading bot that finds breakouts and as you guys can see once I've actually entered this it says here an example of a trading bot in pinescript that finds And Trades breakouts now this is the code that it gave me and it said this trading bot first calculates the moving average and Bollinger bans for the price data it then checks for a breakout above the upper Bollinger band or the below boiling abandon if a breakout detected it enters the long position and if a breakout is above the Bollinger band in a short position yada yada yada and it also sets a stop loss okay so essentially I decided to toy with this quite a while and what was interesting I'm going to show you guys firsthand as well is that if I copy this code and I go to one of my Bitcoin charts I won't go to this one because this one is the code is working but I'm going to show you guys if I put this here um essentially the problem is is that when I add to chart and I know I should add okay um from null and I've tried this a billion different times so I know that you can add something here which is slash slash version at number four or number five whatever it is okay I've added 50 different million versions but I still haven't got this to work the only one I've got to work was written by a human which is interesting but what I'm trying to make guys is that um with this okay if you can get this to work you can actually have an indicator which accurately does predict the price of an asset now whether or not this is going to work the future is definitely interesting because back testing doesn't always predict the future this is why they say past performance isn't a condentive of um previous results so I was continued to asking it to write for Prime script yada yada yada um and messing around with a lot of codes and some people have actually managed to make this work now I don't know if people are actively using this to trade but this is definitely something that could work so it's definitely something that you should play around with and if you don't know what Pine script is you should definitely explore this um because definitely with chat gbt I do believe that if it does work if it does manage to create something which is pretty insane and understand that this is a very very basic basic kind of trading bot um and if this does work then this is going to be a complete Game Changer now there's a third way and this is the third way that I do want to mention which is actually pretty cool so this is by far the most realistic way that you can actually use this to trade Bitcoin so if you go on um chat GPT and essentially you ask very very simple questions you actually get quite a detailed response on information that you truly do need so you can see right here it says how can I use market analysis to identify a Bitcoin Bottom now why would I ask this question well currently we're in a stage where Bitcoin if we go over to the weekly chart you can see that Bitcoin is in a very weird position because it's come down to some key key support levels but many people are wondering are we in the bottom are we not at the bottom and of course you'd like to know whether or not you're in a bottom so that you can buy the bottom and then perhaps sell the top so you guys can see right here okay it actually gives you some very interesting information of course this is quite basic when it does come to trading but then again if you ask more detailed questions it will give you a more digital response so it says one approach is to use technical analysis which involves analyzing price history support and resistance moving averages and chart patterns okay so I could then ask you a more detailed question in which it would give me a more detailed response so you could write something like this um you could say can you write right uh step by step strategy okay I do apologize for my typing I'm just going to type this out and come back to the mic then as you guys can see right here I decided to say can you write a step-by-step strategy for identifying Bitcoin bottoms using the RSI support and resistance and moving averages so when you type this in you do actually get a very detailed response so it then goes on to explain exactly what your what you'll need and although this is definitely quite some basic information but it does actually give you some very very key stuff now the point about this AI is this AI is very I guess you could say it needs to be directed in certain aspects because if you don't direct the AI in what you want it to do it'll kind of give you a very broad answer so if you wanted to be more detailed all you need to do is say be more detailed and it will give you that data so as you guys can see right there it says Identify support and resistance where you fight instances with RSI is oversold the moving averages are crossing over conversion this could be a consider a good time to be buying Bitcoin so as you guys can see this is where we get our answer okay and this is something like I said you just need to be able to ask the right questions in the right way and that's how you get the data that you need because if you don't um then you may have answered the question in the wrong way so this is definitely something that I would be paying attention to chat gbt is definitely going to change in a few years because understand guys when the internet first came out it was all slow and um now it's like a gigabytes per second which is completely normal so imagine where this technique technology is going to be in 20 years maybe we'll have completely um good crypto trading stuff so with that being said if you did enjoy the video don't leave a like subscribe that good stuff and I'll see you guys in the next one

Channel: TheFinanceValueGuy

Views: 347,263

Keywords: financevalue, financevalutv, economics, cryptocurrency news, cryptocurrency investing, crypto 2021, crypto news today, best crypto, crypto market, bitcoin news, bitcoin, crypto news, cryptocurrency, cryptocurrency news today, altcoin, cryptocurrency trading, dogecoin, dogecoin prediction, crypto

Id: NiIecK7HbbM

Length: 11min 49sec (709 seconds)

Published: Thu Dec 22 2022