Main to remember
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Chatgpt helps simplify complex crypto projects by summarizing white papers, explaining the use cases and decomposing tokenomics.
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The research of the team, partnerships and security risks is crucial before investing in a cryptographic token.
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The comparison of projects with competitors highlights strengths and weaknesses for better decision -making.
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Chatgpt can suggest relevant research issues, acting as a guide for beginners and experienced investors.
Investing in cryptocurrency can be exciting and crushing, especially with the thousands of coins and tokens available today. From Bitcoin (BTC) and Ether (ETH) to the less known altcoins and even, the market is flooded with opportunities and risks. Before investing your money, appropriate research is essential.
This is where Chatgpt can help.
This article guides you on how to use Chatgpt to search for cryptocurrency projects (using different projects as examples), assess their credibility and make smarter and data decisions focused on data. Whether you are a beginner or a experienced merchant who seeks to rationalize your workflow, the Chatppt can be a powerful research assistant.
Why research is important in cryptography investment
Unlike traditional actions supported by profits reports and regulatory deposits, cryptographic assets often lack standardized financial data. Instead, you have to browse the white buses, the Github standards, community feeling and more. Not doing appropriate research can lead to investing in over-type or even fraudulent projects.
Cryptographic scams can take many forms, but here are some common examples to illustrate why research is crucial:
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Carpet draw: These occur when the developers create a new token, strongly promote it to attract investors, then suddenly withdraw all funds, leaving investors with worthless tokens. A notorious case was the “squid game” token in 2021, which increased prices before the creators disappear with millions.
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Pump and fluff diagrams: The groups artificially inflate the price of a part by propagating a false media threshing, only to sell their assets to profit, crushing the price and leaving the others with losses.
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False projects or plagiarized white buses: Some tokens have white buses copied from legitimate projects or contain a vague technical jargon which masks a lack of real product or team.
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Pork butcher: The crooks establish long -term relationships to gain confidence, then convince the victims to invest massively in false crypto projects, to finally steal their funds.
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Enfake scams: Sophisticated videos generated by AI or influencers or business leaders to encourage people to send crypto or reveal private keys.
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Cybersquatting: Fraudsters record domain names similar to legitimate cryptos projects or exchanges to mislead users and steal identification information or funds.
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Phishing and false websites: The crooks create websites that imitate tokens or popular exchanges to steal keys and private funds.
Thus, before investing in a room, it is essential to check these fundamental points:
Chatgpt can help you answer all these questions, more quickly and more clearly.
Did you know? The crooks have usurped the identity of Coinbase in phishing attacks by sending false emails or text messages that resemble official Coinbase alerts. These messages often ask users to click on malicious links to “check” their account or “solve security problems”, encouraging them to reveal connection identification information or transfer cryptography funds. Always check the sender’s email address and access Coinbase via their website or official application to avoid being the victim of these scams.
Step by step: Use the Chatppt to search for cryptography projects
Here’s how to effectively use Chatgpt when looking for parts before investing:
1. Start with a project summary
Use Chatgpt to generate a high -level preview from scratch. This helps you quickly understand the goal and project objectives.
Promote example:
“Explain what Bitcoin Hyper (hyper) is in simple terms.”
As observed, Chatgpt can decompose a complex technical language and help you grasp the basic idea, even if you are not a blockchain developer.
2. Get ventilation of the white paper
White pods are fundamental documents that describe the technology and the roadmap for a cryptographic project. They can be technical and dense.
Chatgpt can scan or summarize white pods (if you stick them) and give you a readable version of what matters most, saving you time while retaining clarity.
Promote example:
“Summarize the main points of the white stellar paper.”
3. Check the use and market adjustment
Many pieces promise innovation, but do they solve a real problem? To find out, you can ask Chatgpt to help you assess the usefulness of a medal.
Promote example:
“What problem solves the chain and who uses it?”
This gives you a context on how the project fits into the wider ecosystem.
4. Evaluate the team and partners
A credible founding team and solid partnerships often signal legitimacy and execution potential.
Promote example:
“Who founded the avalanche blockchain and what is their journey?”
5. Evaluate the Tokenomics
Tokenomics refers to the structure of the supply, incentives and the distribution of a part. Bad tokenomic often leads to inflation, carpet prints or price accidents.
Promote example:
“Explain the tokenomics of the Hede (Hbar) room. What is the total offer and how is it distributed? ”
6. Check compliance and safety problems
Safety and regulatory problems can derail even the most promising cryptography projects. You can ask Chatgpt risk factors.
Promote example:
“Has the Tether USDT (USDT) faced with regulatory problems?”
7. Compare with competitors
Understanding how a room is compared to the others in its category (DEFI, CLAIR 1, NFTS, ORACCES, etc.) helps you to identify strengths or weaknesses.
Promote example:
“Compare the Blockchains Su and SEI in terms of scalability and interoperability.”
You can even request advantages and disadvantages in table format to facilitate analysis.
Did you know?Chatgpt was trained on a set of massive data of various texts from books, websites and articles, which allows him to generate informed responses on many subjects.
Bonus advice: ask Chatgpt what you should ask for
If you are new in crypto, you may not know what questions to ask. Try this:
Promote example:
“I plan to invest in a new crypto token. What key should I seek or search? “
Chatgpt can give you a control list covering fundamental principles, techniques, feeling and safety, perfect for the construction of your own research framework.
Did you know? Chatgpt architecture is based on the transformer model, which uses self-management mechanisms to understand the context in the text, which allows it to generate consistent responses and devoted to the context.
What Chatgpt cannot do (yet)
Although Chatgpt is a powerful research assistant, it is important to know its limits:
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No data in real time, unless the integration of tools such as web navigation or API.
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No investment advice or guaranteed predictions.
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May generate obsolete or incorrect information (always check the facts).
Whether you invest a small amount such as $ 10 or a large sum such as $ 10,000, carrying out in -depth and meticulous research remains your best defense against risks. Fortunately, AI tools like Chatgpt now facilitate that ever to collect information, organize information and ask the right questions.
It is essential to use Chatgpt to complete your research process, not to replace your critical thinking and your reasonable diligence.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
