Key control
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Chatgpt helps simplify complex cryptography projects summarizing white documents, explaining cases of use and decomposing tokenomics.
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Investigating the equipment, associations and safety risks is crucial before investing in any cryptographic token.
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Comparing projects with competitors highlights strengths and weaknesses for better decision making.
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ChatGPT can suggest relevant research questions, acting as a guide for beginners and investors experienced equally.
Investing in cryptocurrencies can be exciting and overwhelming, especially with the thousands of coins and tokens currently available. From Bitcoin (BTC) and Ethher (ETH) to less known altcoins and memecoras, the market is flooded with opportunities and risks. Before investing your money, proper research is essential.
That’s where Chatgpt can help.
This article guides it through how to use chatgpt to investigate cryptocurrency projects (using different projects such as examples), evaluate its credibility and make smarter investment decisions informed of data. Whether he is a beginner or an experienced merchant who seeks to optimize his workflow, Chatgpt can be a powerful research assistant.
Why research is important in cryptographic investment
Unlike traditional actions backed by gains reports and regulatory presentations, cryptographic assets often lack standardized financial data. On the other hand, you must examine the white documents, the Github repositories, the community feeling and more. Not doing proper research can lead to investing in overloaded or even fraudulent projects.
Escil scams can take many forms, but here there are some common examples to illustrate why research is crucial:
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Tira carpet: These occur when developers create a new token, they promote it largely to attract investors, then suddenly withdraw all funds, leaving investors with tokens without value. A notorious case was the “squid game” in 2021, which increased the price before the creators disappeared with millions.
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Pump and fall schemes: The groups artificially inflate the price of a currency by spreading false exaggeration, only to sell their holdings with profits, block the price and leave others with losses.
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False projects or plagiarized white papers: Some tokens have white documents copied from legitimate projects or contain vague technical jargon that darkens the lack of a real product or equipment.
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Carnage pig: Scammers build long -term relationships to gain confidence, then convince victims to invest strongly in false cryptographic projects, eventually stealing their funds.
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Deepfake stretchs: The sophisticated videos generated by AI or audio make the company’s influencers or executives go to deceive people to send cryptography or private keys.
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Cybersquatting: The scammers record domain names similar to legitimate projects or exchanges to deceive users and steal credentials or funds.
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Phishing and false websites: Scammers create websites that mimic tokens or popular exchanges to steal keys and private funds.
Therefore, before investing in any currency, it is essential to verify these fundamental points:
Chatgpt can help you answer all these questions, faster and more clearly.
Did you know? The scammers have passed Coinbase in Phishing attacks by sending false emails or text messages that seem official coinbase alerts. These messages often ask users to click malicious links to “verify” their account or “solve security problems”, cheating them to reveal login credentials or transfer cryptographic funds. Always verify twice the email address of the sender and access Coinbase through your website or official application to avoid being victims of these scams.
Step by step: use of chatgpt to investigate cryptographic projects
Here we show you how to use chatgpt effectively by investigating coins before investing:
1. Start with a project summary
Use chatgpt to generate a general high -level general description of any currency. This helps you quickly understand the purpose and objectives of the project.
Example request:
“Explain what Bitcoin Hyper does (Hyper) in simple terms.”
As observed, Chatgpt can break down a complex technical language and help him understand the central idea, even if he is not a blockchain developer.
2. Get a breakdown from the White Paper
White documents are fundamental documents that describe the technology and roadmap of a cryptographic project. They can be technical and dense.
Chatgpt can scan or summarize the white papers (if he sticks them) and gives him a readable version of what matters most, saving him time while retaining clarity.
Example request:
“Summarize the main points of the star white paper.”
3. Verify the case of use and market adjustment
Many coins promise innovation, but do a real world problem solve? To find out, you can ask Chatgpt to help him evaluate the usefulness of a currency.
Example request:
“What problem does Chainlink solve and who uses it?”
This gives a context on how the project conforms to the broader ecosystem.
4. Evaluate the equipment and partners
A credible founding team and solid associations often indicate legitimacy and execution potential.
Example request:
“Who founded Avalanche Blockchain and what is his background?”
5. Evaluate the tokenomics
Tokenomics refers to how the supply, incentives and distribution of a currency are structured. The poor tokenomic often leads to inflation, the carpet throws or the price is blocked.
Example request:
“Explain the tokenomic of the hedera currency (HBAR). What is the total supply and how is it distributed?”
6. Verify compliance and security concerns
Security and regulatory problems can even derail the most promising cryptographic projects. You can ask ChatGPT with risk factors.
Example request:
“Has Tether USDT (USDT) faced with any regulatory problem?”
7. Compare with competitors
Understand how a currency compares with others in its category (Defi, Capa 1, NFT, oracles, etc.) helps you identify strengths or weaknesses.
Example request:
“Compare the SUI and SEI block chains in terms of scalability and interoperability.”
You can even request pros and cons in table format to facilitate the analysis.
Did you know?Chatgpt was trained in a massive set of various text texts, websites and articles, which allowed him to generate informed responses on many topics.
Bonus Council: Ask chatgpt what I should ask
If you are new in Crypto, you may not know what questions to ask. Try this:
Example request:
“I am considering investing in a new cryptographic token. What key things should I investigate or take into account?”
Chatgpt can provide a verification list that covers the foundations, technicians, feeling and security, perfect for building their own research framework.
Did you know? Chatgpt architecture It is based on the transformer model, which uses self -lunitioning mechanisms to understand the context in the text, which allows it to generate consistent responses and with the context.
What chatgpt can’t do (yet)
While Chatgpt is a powerful research assistant, it is important to know its limitations:
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There are no real -time data unless they are integrated with tools such as web navigation or API.
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No investment advice or guaranteed predictions.
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It can generate outdated or incorrect information (always verify the facts).
Whether you are investing a small amount such as $ 10 or a significant sum such as $ 10,000, doing thorough and careful investigation remains your best defense against risks. Fortunately, the tools of AI as chatgpt now make it easier than ever collecting ideas, organizing information and asking the right questions.
It is vital to use chatgpt to complement your research process, not as a replacement for your critical thinking and due diligence.
This article does not contain advice or investment recommendations. Each investment and negotiation movement implies risk, and readers must carry out their own research by making a decision.
