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AI just broke through a major bottleneck in coin analysis
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<p>[QUOTE="KBBPLL, post: 25723170, member: 104064"]I'll point out that "sold price" alone ignores human factors that AI might be clueless about - how many bidders, how badly two or more bidders wanted that specific coin and <i>why </i>they wanted it, how much ego was involved in having to be the winner instead of valuing that coin logically, how long ago the sold price was and what the general and specific markets were like at the time, whether someone was scammed by an ebay listing, whether the auction timing was good or bad, how much news and attention a particular coin got prior to the sale, etc etc. Then think of fads like toning and lowball valuations, or fascination with trivial "error" coins, which really haven't been around that long and may no longer be relevant in the future. I suspect AI is going to give us "new things to look for that make it more valuable" that don't actually exist.[/QUOTE]</p><p><br /></p>
[QUOTE="KBBPLL, post: 25723170, member: 104064"]I'll point out that "sold price" alone ignores human factors that AI might be clueless about - how many bidders, how badly two or more bidders wanted that specific coin and [I]why [/I]they wanted it, how much ego was involved in having to be the winner instead of valuing that coin logically, how long ago the sold price was and what the general and specific markets were like at the time, whether someone was scammed by an ebay listing, whether the auction timing was good or bad, how much news and attention a particular coin got prior to the sale, etc etc. Then think of fads like toning and lowball valuations, or fascination with trivial "error" coins, which really haven't been around that long and may no longer be relevant in the future. I suspect AI is going to give us "new things to look for that make it more valuable" that don't actually exist.[/QUOTE]
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