DeepSeek Effect for Cryptocurrency

[ZAINmalik75]

I also checked that this DeepSeek website is not working:

Btw , do you know why DeepSeek website can't acces?

Do not know the real reason, but a few days ago I heard there was some attack on their site I don't even know if this is the real site because I just searched deekseek and this sites appears I clicked and it was not responding, I doubt if it works on tor because most of these sites use java scripts and tor browser stops them.

You should give it a try on another browser who have no restrictions on scripts. Because on my end the site opened but I was unable to register account, they have also shared what really is happening to their site by giving an alert on top. They are having large malicious attacks.

[Zed0X]

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Bitcoin may recover in the future, but there are some coins that are not in a position to recover easily.

If they are really some good projects like what they advertise, they should be able to adjust to the current market conditions. I think articles comping out about negative effect of deepseek are some kind of a black propaganda because of competition but if all it took is deepseek to sink these altcoins, then that must mean they don't really have anything to offer.

[Faisal2202]

As far as I know, NVDIA is very supportive of the presence of cryptocurrency because it can be hardware for cryptocurrency mining. Cmiiw
If the news about DeepSeek is negative, then the trend of AI in cryptocurrency must also be negative, what do you think about DeepSeek effect for the cryptocurrency business?

Well Deepseek indeed a chinese product nothing to fear as they have open-sourced it for a reason, and yeah NVDIA's hardware was being used to mine cryptocurrency but that's not the reason that the stock of NVDIA dropped and of crypto too, the real impact done by the flow of money for example when people find Deepseek stock more attracted and beneficial they would flow their money from crypto and NVIDA to deepseek that's a valid reason.

Now the hype for deepseek is finished because it is not really that good and it's data is also limited to some month of 2023 as I tried to check the latest news and it tell we are limited to this date just like at start GPT was.

[TomPluz]

Now the hype for deepseek is finished because it is not really that good and it's data is also limited to some month of 2023 as I tried to check the latest news and it tell we are limited to this date just like at start GPT was.

I am sure the market just overreacted to DeepSeek and because of fear of China this has become like a man-made monster that we should get away as soon as possible. As for me, DeepSeek will just be another player in the AI market and this is good because we would have a healthy competition that can challenge all players to innovate so they won't be left behind in the race. US-based players of the AI marketplace should adjust to DeepSeek and make sure they are offering a lot better option at a lower cost and a lot more open access for the users.

[joniboini]

As for me, DeepSeek will just be another player in the AI market and this is good because we would have a healthy competition that can challenge all players to innovate so they won't be left behind in the race.

I'm not really an AI user myself but how much does this progress affect crypto in general? Other than improving trading bots or maybe mining algorithm/scalability I can't seem to find more use cases. If anything I see myself using this tech for other stuff like the DLSS/FSR with ML supports. Hopefully, it doesn't get too intrusive with OS asking to collect your data and so on. Feels kinda weird since there is a high chance they use their users to collect data too.

Speaking of politics, I don't think it will disappear because nobody wants to be left behind. It doesn't help that misinformation spread rapidly nowadays.

[Jujuboy]

Well, actually, from my end, I’ve seen a lot of positive discussions about DeepSeek. I haven’t interacted with it much myself, but I have friends who have been exploring it. Some even say they prefer DeepSeek over ChatGPT. So no, I don’t think anything will negatively impact the AI cryptocurrency narrative.

[Freemind]

Do not know the real reason, but a few days ago I heard there was some attack on their site I don't even know if this is the real site because I just searched deekseek and this sites appears I clicked and it was not responding, I doubt if it works on tor because most of these sites use java scripts and tor browser stops them.

You should give it a try on another browser who have no restrictions on scripts. Because on my end the site opened but I was unable to register account, they have also shared what really is happening to their site by giving an alert on top. They are having large malicious attacks.

The only thing that happened is that the official website received too many requests and the server crashed momentarily, something that sometimes happens when a service or a website becomes very popular in a short time.

If they are really some good projects like what they advertise, they should be able to adjust to the current market conditions. I think articles comping out about negative effect of deepseek are some kind of a black propaganda because of competition but if all it took is deepseek to sink these altcoins, then that must mean they don't really have anything to offer.

You have found the keyword, propaganda. All the negative articles and opinions we can find about DeepSeek come from one of the most affected companies, Nvidia, and other North American companies. DeepSeek made Nvidia lose a lot of money, that's true, but it's also true that Nvidia's (very expensive) hardware was not necessary for AI.

Nvidia and OpenAI are the big losers, while DeepSeek and open source software are the winners in all this.

[Royal Cap]

I don't think Ddeepseek will cause any damage to the crypto market, Nvidia has suffered because many GPUs were needed to run AI models before. Which Nvidia supplied. But after the arrival of deepseek, very few GPUs Power are needed to Run AI models.
This reduced Nvidia's stock. Because Deepseek is an open source project. So I think there will be no damage to the cryptocurrency due to this deepseek.

[MrSpasybo]

You have found the keyword, propaganda. All the negative articles and opinions we can find about DeepSeek come from one of the most affected companies, Nvidia, and other North American companies. DeepSeek made Nvidia lose a lot of money, that's true, but it's also true that Nvidia's (very expensive) hardware was not necessary for AI.

Nvidia and OpenAI are the big losers, while DeepSeek and open source software are the winners in all this.

I don't think Nvidia is significantly impacted by DeepSeek, even though the NVDA stock price has dropped quite a bit since then. From a trader perspective, I think the correction is inevitable for the NVDA price chart, it rose too fast and can't keep rising indefinitely ^^

As DeepSeek AI models and approach are learned and used, more companies have invested more in AI and the demand for GPUs from Nvidia has increased. Additionally, I believe DeepSeek is the Sputnik moment in the AI race and the US will invest more in AI. They own the most powerful computing systems, learn the most data, and they can also apply the data distillation method that DeepSeek is using. The AI race has become more interesting and users will benefit.

Regarding the AI trend in the crypto market, I don't see a negative impact from DeepSeek success. The price drop of many AI tokens is completely normal in the overall market context, I don't find anything special related to the time DeepSeek gained attention and became famous.

• Nvidia gets a boost from China’s DeepSeek ahead of earnings

[tabas]

I don't think Ddeepseek will cause any damage to the crypto market, Nvidia has suffered because many GPUs were needed to run AI models before. Which Nvidia supplied. But after the arrival of deepseek, very few GPUs Power are needed to Run AI models.
This reduced Nvidia's stock. Because Deepseek is an open source project. So I think there will be no damage to the cryptocurrency due to this deepseek.

It's not all about the technical terms of how this and that requires to run. But it's about the buzz that these tech companies and countries involved into these modern technologies. China has something to do with deepseek and NVIDIA is their main competitor for the innovation of AI. It's normal to see that investors go to something that's still new but has the potential. The only thing that it can be related to the crypto market is about the GPUs that can be used for mining altcoins. Remember on how GPUs were very limited due to the miners demand and that's how it affected the market but this time, there could still have some affection but not as big as before.

[Jating]

Well, actually, from my end, I’ve seen a lot of positive discussions about DeepSeek. I haven’t interacted with it much myself, but I have friends who have been exploring it. Some even say they prefer DeepSeek over ChatGPT. So no, I don’t think anything will negatively impact the AI cryptocurrency narrative.

I've used both and experimented on it, and I will say that they are almost the same. The thing though when China releases it, Deepseek was on the way to challenge ChatGPT  that's why it did make a lot of waves and it did have some negative effect in the beginning as the crypto market plunges when it was released to the public.

And one advantage is that it is very cheap, so meaning maybe there will be crypto projects that might utilized it's capability on how AI is going to be integrated into crypto. That is the disruption that analyst are seeing.

[TryNinja]

I've used both and experimented on it, and I will say that they are almost the same. The thing though when China releases it, Deepseek was on the way to challenge ChatGPT  that's why it did make a lot of waves and it did have some negative effect in the beginning as the crypto market plunges when it was released to the public.

You guys are outdated.

Right now China is already on top *again* with Baidu's new IA: ERNIE 4.5 & X1

https://x.com/Baidu_Inc/status/1901089355890036897

Half price of Deepseek, which was half price of other USA based IAs... Now cheaper and better than OpenAI most powerful model which costs a shit ton of money.

[Report]

I've used both and experimented on it, and I will say that they are almost the same. The thing though when China releases it, Deepseek was on the way to challenge ChatGPT  that's why it did make a lot of waves and it did have some negative effect in the beginning as the crypto market plunges when it was released to the public.

You guys are outdated.

Right now China is already on top *again* with Baidu's new IA: ERNIE 4.5 & X1

https://x.com/Baidu_Inc/status/1901089355890036897

Half price of Deepseek, which was half price of other USA based IAs... Now cheaper and better than OpenAI most powerful model which costs a shit ton of money.

ERNIE Bot seems to be designed to upgrade from DeepSeek, I think China is one step ahead of the others and I am sure China in the next 3 years will have the latest AI technology.
DeepSeek changed from ERNIE at this time, maybe in the next 3 years it will change again to bla bla bla bot or 0000 Bot, I am sure with the update in China is very fast and allows this AI technology to also be updated very quickly.

[Baofeng]

I've used both and experimented on it, and I will say that they are almost the same. The thing though when China releases it, Deepseek was on the way to challenge ChatGPT  that's why it did make a lot of waves and it did have some negative effect in the beginning as the crypto market plunges when it was released to the public.

You guys are outdated.

Right now China is already on top *again* with Baidu's new IA: ERNIE 4.5 & X1

https://x.com/Baidu_Inc/status/1901089355890036897

Half price of Deepseek, which was half price of other USA based IAs... Now cheaper and better than OpenAI most powerful model which costs a shit ton of money.

ERNIE Bot seems to be designed to upgrade from DeepSeek, I think China is one step ahead of the others and I am sure China in the next 3 years will have the latest AI technology.
DeepSeek changed from ERNIE at this time, maybe in the next 3 years it will change again to bla bla bla bot or 0000 Bot, I am sure with the update in China is very fast and allows this AI technology to also be updated very quickly.

I think the key here is that they are cheap, that's why it might disrupt several industries not just crypto. Yeah, China is really very quick with their update so who knows, what they can developed next.

And we don't need to wait for the next 3 years, maybe at the end of the year, they will have a new iteration that is again very cheap as compare to the US AI and that everyone can afford to used it and harness it's power.

[Report]

I've used both and experimented on it, and I will say that they are almost the same. The thing though when China releases it, Deepseek was on the way to challenge ChatGPT  that's why it did make a lot of waves and it did have some negative effect in the beginning as the crypto market plunges when it was released to the public.

You guys are outdated.

Right now China is already on top *again* with Baidu's new IA: ERNIE 4.5 & X1

https://x.com/Baidu_Inc/status/1901089355890036897

Half price of Deepseek, which was half price of other USA based IAs... Now cheaper and better than OpenAI most powerful model which costs a shit ton of money.

ERNIE Bot seems to be designed to upgrade from DeepSeek, I think China is one step ahead of the others and I am sure China in the next 3 years will have the latest AI technology.
DeepSeek changed from ERNIE at this time, maybe in the next 3 years it will change again to bla bla bla bot or 0000 Bot, I am sure with the update in China is very fast and allows this AI technology to also be updated very quickly.

I think the key here is that they are cheap, that's why it might disrupt several industries not just crypto. Yeah, China is really very quick with their update so who knows, what they can developed next.

Sorry, I don't understand about the price of DeepSeek. Is the price you mean cheap like below?
Source : https://team-gpt.com/blog/deepseek-pricing/

DeepSeek Chat: $0.07 for 1 million token input with cache hit, $0.27 for 1 million token input with cache miss, and $1.10 for 1 million token output.
DeepSeek Reasoner: $0.14 for 1 million token input with cache hit, $0.55 for 1 million token input with cache miss, and $2.19 for 1 million token output.

And we don't need to wait for the next 3 years, maybe at the end of the year, they will have a new iteration that is again very cheap as compare to the US AI and that everyone can afford to used it and harness it's power.

Ah yes, China's innovation is skyrocketing very quickly. China's thinking is so impressive.
Not only in the digital industry such as AI and Cryptocurrency but in terms of construction development is also very visionary. I've seen videos on Youtube that there are tall buildings in China that have constructions that are not owned by other countries.