ChatGPT and Investing: Uncovering Ideas on Reddit

Have you ever heard or read that ChatGPT can help us analyze our potential investments? I have already read various ideas several times, but now I have tried something I haven’t seen anywhere else.

Let me first share my thoughts about ChatGPT. I have been using it since its initial release. It has become my assistant; I use it every day. It is an extremely powerful tool. However, like any tool, ChatGPT must be used wisely. It’s not a joke or something for amusement. It is a serious matter. I would recommend everyone to invest some time in exploring and educating themselves. Don’t be one of those who say they won’t use ChatGPT for some reason. The fact is, people who use it correctly can have an advantage over you. Because it will speed up your tasks significantly. Be it helping with cooking, planning trips, or daily tasks at work. So, first, learn. And practice. Push its limits. Test its boundaries.

Back to the topic: Using ChatGPT for Investing?

I spend a lot of time on Reddit. I love it. It has become my go-to site for information and ideas. I follow the crypto world, IT, and investing.

How can I use ChatGPT for a quick overview of long discussions that contain over 300 community member responses?

Here is my example. I found an interesting topic titled: Which crypto to 10x during 2024-2025 bullrun. If you’re into crypto, this title will definitely catch your eye. Don’t you have time to read everything? Here’s a trick.

First, you must manually (unfortunately) expand all the responses, as they are mostly hidden. Then copy the entire content.

In ChatGPT, enter the prompt:

Read the following Reddit conversation. Make a list of cryptocurrencies that users recommend. Sort them from most to least popular. For each of them, write why users recommend it and why they advise against it:

then paste the entire Reddit thread.

What did I get as a response?

Bitcoin (BTC)

Why recommended: Users believe Bitcoin is the safest cryptocurrency investment, being “digital gold” with a long history of growth.

Why not recommended: Some think Bitcoin lacks the potential for significant value increases compared to other, riskier cryptocurrencies.

Ethereum (ETH)

Why recommended: Ethereum is favored for its role in developing decentralized applications and smart contracts, offering a wide range of uses.

Why not recommended: Concerns about high transaction fees and the transition to proof of stake create some uncertainty.

Solana (SOL)

Why recommended: Solana is known for its high transaction speed and low costs, making it attractive for developers and users.

Why not recommended: Concerns about centralization and a history of technical issues are raised.

Avalanche (AVAX)

Why recommended: Avalanche boasts strong technology and high scalability, attracting decentralized application developers.

Why not recommended: Some view the Avalanche ecosystem as still in its early stages, facing stiff competition.

Algorand (ALGO)

Why recommended: Algorand is popular for its innovative consensus approach and commitment to sustainability.

Why not recommended: questions about utility and wider adoption in the crypto space.

Arcblock (ABT)

Why recommended: Arcblock is noted for its technology and potential in the Web3 ecosystem.

Why not recommended: Skepticism about past success and the current value dynamics of ABT.

Render Token (RNDR)

Why recommended: RNDR allows users access to high-quality GPU power for rendering, opening new possibilities in digital art and virtual worlds.

Why not recommended: Concerns about the market niche and specific use.

Polkadot (DOT)

Why recommended: Polkadot facilitates interchain communication and better scalability for blockchain projects.

Why not recommended: Some feel Polkadot has yet to achieve its ambitious goals.

Chainlink (LINK)

Why recommended: Chainlink is a leading oracle platform that enables smart contracts to safely interact with external data.

Why not recommended: Some believe Chainlink’s growth may have peaked given the current developments in the crypto ecosystem.

Polygon (MATIC)

Why recommended: Polygon boasts a strong infrastructure for Ethereum’s scalability, enabling faster and cheaper transactions.

Why not recommended: Concerns about long-term competition with other scalability solutions and Ethereum upgrades.

Decentraland (MANA)

Why recommended: MANA powers one of the leading virtual worlds, Decentraland, opening new possibilities for virtual experiences and the economy.

Why not recommended: skepticism about the long-term potential and adoption of virtual worlds.

Aave (AAVE)

Why recommended: Aave is a leading decentralized finance (DeFi) platform known for innovative financial products.

Why not recommended: Intense competition in the DeFi space could impact Aave’s long-term success.

Cosmos (ATOM)

Why recommended: Cosmos stands out with its inter-blockchain communication, allowing different blockchains to interact.

Why not recommended: concerns about the complexity and feasibility of interchain communication in practice.

The Graph (GRT)

Why recommended: The Graph enables efficient indexing and querying of data from various blockchains, which is crucial for dApp developers.

Why not recommended: doubts about The Graph’s ability to maintain its position amid emerging competitors.

Filecoin (FIL)

Why recommended: Filecoin offers a decentralized data storage alternative to traditional clouds.

Why not recommended: Data storage projects face tough technical challenges and usability issues.

Tezos (XTZ)

Why recommended: Tezos is notable for its self-amendment approach and proof-of-stake consensus mechanism.

Why not recommended: criticism of Tezos for past internal disputes and governance issues.

Litecoin (LTC)

Why recommended: Often referred to as “silver to Bitcoin’s gold,” Litecoin is known for faster transactions and a long history.

Why not recommended: Many believe Litecoin lacks distinctive features to remain relevant amidst growing competition.

Stellar (XLM)

Why recommended: Stellar focuses on facilitating global transactions and digital payments, enabling fast and cheap fund transfers.

Why not recommended: questions about broader acceptance and competition with other payment networks.

Cardano (ADA)

Why recommended: Cardano is designed with a scientific approach, aiming for high security and scalability.

Why not recommended: Slow development and feature deployment have frustrated some in the community.

Zcash (ZEC)

Why recommended: Zcash offers strong privacy features using zero-knowledge proof technology.

Why not recommended: Concerns about regulatory pressures on privacy coins and their mainstream adoption.

It’s quite fascinating, isn’t it? What now? Go all in on everything listed?

Of course not.

This should only serve as a starting point for generating ideas. You must be aware of limitations. There are limitations that ChatGPT has and limitations that every individual on a forum might have. Everything should be taken with a grain of salt. Let this serve only as a foundation for future research. Consider it, let’s say, a second opinion. In the end, you always need to do your own homework, which means conducting your own analysis and making decisions based on it. I don’t take advice from anyone; perhaps that’s a good idea?

Happy researching!

Leave a Comment