Since I began toying with cryptocurrency, I would be lying if I did not say I am on a mission to seek an edge; a tool that allows me to predict whether the market will go up or down, and not a single moment of my life is invested in worthless random guesses and hype-fueled influencers.
My question to myself one day was:
Will AI assist me in making more intelligent decisions when it comes to crypto?
And, as it happened, I decided to come to none other than ChatGPT (the same AI that I use to create this blog) and ask it to forecast the crypto market, perhaps even better than I would do so myself.
Step 1 My Strategy With ChatGPT
I began elementary. I inquired ChatGPT,
Did you know the crypto market trend of Bitcoin and Ethereum this week?
Surprisingly, it did not provide prices (obviously), but rather presented a data-driven analysis (sentiment trend, historical trends, and big news feeds).
I would then add this understanding to current charts provided by CoinMarketCap and ask ChatGPT to read Reddit and Twitter through the use of prompts, such as:
What do people in the crypto community say about Solana this week?
Step 2: Did I earn Money?
Yes. As a matter of fact, more than I thought.
I earned 7.3 % return on a ₹16,000 test investment in less than 1 week, and most of it was.
because I spotted a Solana breakout initially hinted by ChatGPT due to optimistic sentiment and major ecosystem upgrades.
Was it ideal? No.
However, it was so much better than going with hype and YouTube videos of some guys saying they are crypto experts.
Tools I Used With ChatGPT:
๐๐ปChatGPT (For market trend logic)
๐๐ปCoinMarketCap (Live data & volume)
๐๐ปTradingView (Chart patterns + confirmation)
๐๐ปCryptoMood (AI sentiment scanner)
What I Learned
Use of AI won’t make you a millionaire in a day, but it will make you think wiser.
My experience of using ChatGPT altered my view of crypto investing. It provided me with consequential thinking, removed the noise, and hours of research.
My Recommendation of using ChatGPT to Predict Cryptocurrencies?
Of course, yes, but on a cautionary note.
ChatGPT does not tell things that it does not know, but it is an amazing tool to draw an analysis of the crypto world in case you know how to ask it the right way. I currently use it once a week whenever some key market movement is happening.
Bonus Tip:
I will soon post my Top 5 ChatGPT Prompts to analyze crypto-analysis, follow to get the update — comment below!
Disclaimer: This story is my personal experiment. I do not qualify as a financial expert. Before investing in crypto, it is always a must that one conducts his/her own research (DYOR).
Comments
Post a Comment