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Does generative AI facilitate investor trading? Evidence from ChatGPT outages

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Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#41

Post by codetrotter »

christianqchung wrote: post #35
snapcaster wrote: post #32

Earlier quoted context omitted.

Even if you're very conventionally minded, it shouldn't be that crazy to you that not everyone adopts dominant media narratives

By dominant media narratives you mean a self evident train of scams and security incidents? There's no conspiracy or undue effort to make crypto look bad, that happened in a decentralized manner.

> a self evident train of scams and security incidents

Because a bunch of bad people jumped on the bandwagon to exploit others.

Bitcoin != “crypto”

Bitcoin was the original and it’s still here. And it will continue to be here.

The goal of bitcoin is not to “make money”. Bitcoin is money. A new kind of money. One that no central entity can control. One of which there will only ever be 21,000,000. No one can print more Bitcoin. Unlike fiat, which the government and the ruling class use to screw people over right in front of their faces all in broad daylight.

Bitcoin can not be diluted. Bitcoin can not be inflated. Bitcoin can not be controlled. Bitcoin can not be stopped.

Fiat is weak money. Fiat is bad money. Bitcoin is strong money. Bitcoin is good money.

Bitcoin is a force of nature.

Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#42

Post by 0xdeadbeefbabe »

candiddevmike wrote: post #7
mebutnotme wrote: post #5

Earlier quoted context omitted.

It could be news parsing, where it can turn news article text into data points that an investment model could imply market signals from. Something similar could happen with transcripts of company investor calls, or any other text/audio companies put out. With the right prompt you can turn text into signals, the trick would be getting that prompt right (and prompt engineering to limit hallucinations as much as possibl…

Sentiment analysis is AI now?

AI is bullish now

Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#43

Post by rafaelmn »

svara wrote: post #36
snapcaster wrote: post #33

Earlier quoted context omitted.

Can't have been trained on hackernews then, this is the most anti-crypto space I'm aware of besides /r/buttcoin. i'm also softly anti crypto so not criticizing, just pointing out you're literally in an environment where the opinion you're talking about gets eviscerated every time so it can't be what "everyone is saying"

HN just loves novelty, once crypto made mainstream news HN fell out of love. The pattern has applied to Tesla/Musk, cryptocurrency, language models and probably much more I'm not aware of.

I don't think it's about novelty - heck people here will praise Unix and C regularly.

It's more that crypto initially had potential, at this point it's been tried and failed to deliver - at least from the value perspective of people here.

Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#44

Post by snapcaster »

christianqchung wrote: post #40
snapcaster wrote: post #37

Earlier quoted context omitted.

You were the one that brought up the media (nobody said conspiracy?)

Media narratives and conspiracies are often used interchangeably, I can't read your mind so I included both. Also in your original comment you brought up the media, it's right there, so...

dude the comment i responded to is from you saying "cryptocurrency proponents out there who have somehow ignored all the negative press it has received."

Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#45

Post by DowagerDave »

ipython wrote: post #27
ProllyInfamous wrote: post #26

Background: I am personally a long-term value investor ( a la Sir Templeton or Buffet †), but annually breakfast with a retired "numbers guy" (who's currently building his short-term trading strategy). For decades he worked finance for among the largest accounting firms in the world... Since 2016, our mutual friend and I have been adamently suggesting he look into "this bitcoin thing" — his response was typically [di…

I would be curious to hear what information it (ChatGPT) provided that changed his mind?

it sounds like it's more the non-human / non-embarrassing setup than the actual results. The same way I swear at tools or yell at clouds.

Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#46

Post by DowagerDave »

svara wrote: post #36
snapcaster wrote: post #33

Earlier quoted context omitted.

Can't have been trained on hackernews then, this is the most anti-crypto space I'm aware of besides /r/buttcoin. i'm also softly anti crypto so not criticizing, just pointing out you're literally in an environment where the opinion you're talking about gets eviscerated every time so it can't be what "everyone is saying"

HN just loves novelty, once crypto made mainstream news HN fell out of love. The pattern has applied to Tesla/Musk, cryptocurrency, language models and probably much more I'm not aware of.

fell out of love because it was no longer novel, or because the novel wore off and they realized it wasn't anything special?

Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#47

Post by aradox66 »

codetrotter wrote: post #41
christianqchung wrote: post #35

Earlier quoted context omitted.

By dominant media narratives you mean a self evident train of scams and security incidents? There's no conspiracy or undue effort to make crypto look bad, that happened in a decentralized manner.

> a self evident train of scams and security incidents Because a bunch of bad people jumped on the bandwagon to exploit others. Bitcoin != “crypto” Bitcoin was the original and it’s still here. And it will continue to be here. The goal of bitcoin is not to “make money”. Bitcoin is money. A new kind of money. One that no central entity can control. One of which there will only ever be 21,000,000. No one can print more…

OTOH, Bitcoin can be subject to liquidity crises which no entity could intervene to resolve.

Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#48

Post by kjkjadksj »

ProllyInfamous wrote: post #26

Background: I am personally a long-term value investor ( a la Sir Templeton or Buffet †), but annually breakfast with a retired "numbers guy" (who's currently building his short-term trading strategy). For decades he worked finance for among the largest accounting firms in the world... Since 2016, our mutual friend and I have been adamently suggesting he look into "this bitcoin thing" — his response was typically [di…

Time in the markets beats timing the market if you actually have capital to throw around to gleam a decent 5% yearly return. If you don't have much capital, you have to time the market like hell to build up your capital to a level where 5% yoy actually is a decent amount of money.

Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#49

Post by AlexandrB »

codetrotter wrote: post #41
christianqchung wrote: post #35

Earlier quoted context omitted.

By dominant media narratives you mean a self evident train of scams and security incidents? There's no conspiracy or undue effort to make crypto look bad, that happened in a decentralized manner.

> a self evident train of scams and security incidents Because a bunch of bad people jumped on the bandwagon to exploit others. Bitcoin != “crypto” Bitcoin was the original and it’s still here. And it will continue to be here. The goal of bitcoin is not to “make money”. Bitcoin is money. A new kind of money. One that no central entity can control. One of which there will only ever be 21,000,000. No one can print more…

> Bitcoin can not be controlled.

> The world's top Bitcoin mining pools mainly come from China, with five pools being responsible for more than half of the cryptocurrency's total hash.

https://www.statista.com/statistics/731416/market-share-of-m...

Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#50

Post by kjkjadksj »

mebutnotme wrote: post #5
2Gkashmiri wrote: post #4

How would this work in the market, I am Curious to try it

It could be news parsing, where it can turn news article text into data points that an investment model could imply market signals from. Something similar could happen with transcripts of company investor calls, or any other text/audio companies put out. With the right prompt you can turn text into signals, the trick would be getting that prompt right (and prompt engineering to limit hallucinations as much as possibl…

Or you can just not use ai and build your own sentiment analysis metric that is actually going to work. E.g. maybe you make a word cloud of a bunch of recent news articles, you identify certain candidate words as positive sentiment or negative sentiment. Now you can score any new article by counting pattern matches with either list. Not really much initial work to set up, and you probably get much higher quality results than what hallucinating ai would get you, if you happened to find that magic prompt that is.
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