Cardano

Cryptocurrency

Artificial Intelligence

Rupee

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 <p class="paragraph">Artificial Intelligence (AI) tools such as ChatGPT, developed by OpenAI, can be valuable allies to investors who are looking to gather and collate complex pieces of information quickly, that can help in due diligence and decision-making.</p> 
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 <p class="paragraph">In this context, Finbold asked <em>ChatGPT-4</em> on September 27 to “recommend three cryptocurrencies investors can buy and hold forever.” From which the most efficient software version of OpenAI’s products pointed to Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA).</p> 
 <p class="paragraph">Notably, GPT-4’s top three digital assets for the “buy and hold” strategy are among the seven largest by market capitalization, according to <em>CoinMarketCap</em>’s rank. Which could have been taken into consideration by the data-based machine for choosing these assets</p> 
 <h2 class="wp-block-heading" id="h-chatgpt-justifies-its-picks-on-btc-eth-and-ada">ChatGPT justifies its picks on BTC, ETH, and ADA</h2> 
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  <p class="paragraph">“It’s important to note that the <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency market is highly volatile and speculative. While some investors may adopt a long-term “buy and hold” strategy for <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies, there are no guarantees of success, and it’s crucial to conduct your own research and consider your risk tolerance.”</p> <cite>— <em>ChatGPT-4</em> disclaimer</cite>
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 <h3 class="wp-block-heading" id="h-chatgpt-picks-bitcoin-for-buy-and-hold-strategy">ChatGPT picks Bitcoin for “buy and hold” strategy</h3> 
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       <h3 class="font-bold leading-6 " id="chatgpt-picks-2-stocks-to-buy-and-hold-forever"> ChatGPT picks 2 stocks to buy and hold forever </h3> 
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 <p class="paragraph">The AI’s first pick is also the leading <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency: Bitcoin (BTC), the “most well-established and widely recognized <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency.”</p> 
 <p class="paragraph">According to ChatGPT, Bitcoin’s “fixed supply” and a strong network of miners and nodes provide both “security and stability” for BTC as a long-term store of value and hedge against inflation.</p> 
 <p class="paragraph">However, Bitcoin’s supply is not fixed but capped by a programmed emission that is expected to last for approximately the next 137 years, until the maximum limit of 21 million BTC has been distributed to miners.&nbsp;</p> 
 <h3 class="wp-block-heading" id="h-chatgpt-picks-ethereum-for-buy-and-hold-strategy">ChatGPT picks Ethereum for “buy and hold” strategy</h3> 
 <p class="paragraph">The second-largest cryptocurrency is also the AI’s second pick: Ethereum (ETH), as it “serves as the foundation for decentralized applications (DApps) and smart contracts.”</p> 
 <p class="paragraph">According to ChatGPT, Ethereum’s role as “a hub for various projects and innovations in the <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> space” makes it a good investment choice for long-term holding.</p> 
 <p class="paragraph">However, it also mentions the network move to Proof of Stake (PoS) as a good opportunity for investors, as some event that is yet to take place. Therefore, it evidences how GPT’s recommendations must be taken with caution, considering that the network update already happened one year ago, in September 2022.</p> 
 <h3 class="wp-block-heading" id="h-chatgpt-picks-cardano-for-buy-and-hold-strategy">ChatGPT picks Cardano for “buy and hold” strategy</h3> 
 <p class="paragraph">Interestingly, the AI skipped Tether USD (USDT), BNB Chain (BNB), XRP Ledger (XRP), and Circle USD (USDC), as the following largest <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies by market cap. Going straight to the seventh-largest, Cardano (ADA).</p> 
 <p class="paragraph">Cardano “is known for its focus on scalability, sustainability, and interoperability”, according to ChatGPT-4. And “has a strong academic and research-driven approach (…) to offer a more secure and scalable platform for smart contracts and DApps”, in the generated text’s words.</p> 
 <p class="paragraph">Although the AI believes ADA to be a good long-term pick due to the project being supported by a “robust development team and community”, it is also important to note that Cardano’s DApp and DeFi ecosystem is still in its early — most experimental — phases.</p> 
 <h2 class="wp-block-heading" id="h-conclusion">Conclusion</h2> 
 <p class="paragraph">Despite current information, investors should not make their decisions based solely on a single source of automated generated texts. Even with proper research, the <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> market can be highly unpredictable and the landscape can change rapidly.</p> 
 <p class="paragraph">It’s essential to stay informed about developments, conduct due diligence, and consider investment goals and risk tolerance.</p> 
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/chatgpt-picks-3-cryptocurrencies-to-buy-and-hold-forever-tbt64197.html">https://thebittimes.com/chatgpt-picks-3-cryptocurrencies-to-buy-and-hold-forever-tbt64197.html</a></p>

ChatGPT picks 3 cryptocurrencies to buy and hold forever

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