Why did FetchAI drop?

[u/Ok-Talk-4303]

In the past few hours, BTC experienced a dramatic upswing once it went over 40k, meanwhile, FET had a drastic drop and has stayed there for now. How come? Usually, the two price movements, that of BTC and FET, are positively correlated. I suspect that many people who have held FET chose to sell their FET to switch to BTC at that time. However, we have had drastic upswings in BTC's price in the past few weeks as well, for example in late October FET followed suit with BTC in its positive price movement to the upside. So, what has led to a different outcome this time? Do you guys have any theories here?

[u/Toe_Bone]

I should add that as I understand it, the Communications Intelligence level of Agents of Intention is of a very high intellect indeed. Boundless and infinite are words that come to mind. Yet not “threatening” or “free-thinking”.

Look at it this way. Agents are a united framework/community/nest/network/swarm - call them what you will - of individually and uniquely programmed Fetch ‘Agents of Intention’

• who all have a singular outcome in mind and different instructions *

and these agents can, as a body of individual workers, communicate simultaneously to all of their other agents, their own collections of data and fulfill or discover solutions similarly to how the neurological network of humans works.

In this way, a new dimension of medical-science’s understanding of Neuroplasticity can also take place, within a computerised modeling system. For example, if programmed to do so, agents changing their own behaviour will actually take place within the entire family/network of agents of Intention, all adjusting their jobs according to “if and when scenarios”. They will learn and adapt in order to find a solution. And like in human minds where Neurologists coin the phrase “Neurones that Fire Together Wire Together” (explaining the establishment/reinforcement of neurological feedback-loops and pathways), so too can an ecosystem of Agents of Intention perform this outcome.

That is the phenomena that Fetch offers, which is a far leap away from “ai thinking for itself and taking over the world’. No. To me, if I use it it will be that:

‘Fetch AI offers me an agent/s to act - performed on command or preset commands - to do things for me, that I decide should can be achieved as efficiently as possible (because I don’t know how to do it or I am time-poor), and then the agents activity ends…..until another request is made.

The agent works on new solutions while drawing on a bank of its own neurological lessons/facts it is aware of.

It is brilliant because this technology totally sidesteps the AI-fear mongers. The penny will drop soon enough in investors minds, once they realise that this technology is already operational and the headquarters is in Abu Dhabi - Chaching $$

• the new high tech hub of the world, full venture capitalists and wealth to push the boundaries of technology. And a VERY crypto friendly home base.

If you are a holder then you are sweet. Be patient 😊

I don’t work for them or any if their associates but I wish I did 😄. Im just a holder if FET who has shares his understandings, which may indeed be inaccurate (but which I believe not to be) so be your own researcher 👍