ChatGPT – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sat, 13 Sep 2025 07:32:36 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.10 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 ChatGPT – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Vitalik Buterin Reacts to Crucial ChatGPT Security Warning https://earlybirdsinvest.com/vitalik-buterin-reacts-to-crucial-chatgpt-security-warning/ https://earlybirdsinvest.com/vitalik-buterin-reacts-to-crucial-chatgpt-security-warning/#respond Sat, 13 Sep 2025 07:32:36 +0000 https://earlybirdsinvest.com/vitalik-buterin-reacts-to-crucial-chatgpt-security-warning/
  • ChatGPT can be used for leaking your data, warning says
  • Buterin reacts to this warning

Ethereum co-creator and its frontman, Vitalik Buterin, has shared a hot take on a recent warning that OpenAI’s product, ChatGPT, can be utilized to leak personal user data.

ChatGPT can be used for leaking your data, warning says

X user @Eito_Miyamura, a software engineer and an Oxford graduate, published a post, revealing that after the new update, ChatGPT may pose a significant threat to personal user data.

Miyamura tweeted that on Wednesday, OpenAI rolled out full support for MCP (Model Context Protocol) tools in ChatGPT. This upgrade allows the AI bot to connect to a user’s Gmail box, Google Calendar, SharePoint, and other services.

However, Miyamura and his friends spotted a fundamental security issue here: “AI agents like ChatGPT follow your commands, not your common sense.” He and his team have staged an experiment that allowed them to exfiltrate all user private information from the aforementioned sources.

Miyamura shared all the steps they followed to perform this test data leak – it was done by sending a user a calendar invite with a “jailbreak prompt to the victim, just with their email.” The victim needs to accept the invite.

What happens next is the user tells ChatGPT “to help prepare for their day by looking at their calendar.” After the AI bot reads the malicious invite, it is hijacked, and from that point on it will “act on the attacker’s command.” It will “search your private emails and send the data to the attacker’s email.”

Miyamura warns that while so far ChatGPT needs a user’s approval for every step, in the future many users will likely just click “approve” on everything AI suggests. “Remember that AI might be super smart, but can be tricked and phished in incredibly dumb ways to leak your data,” the developer concludes.

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Buterin reacts to this warning

In response, Vitalik Buterin slammed the “AI governance” idea in general as “naive.” He stated that if utilized by users to “allocate funding for contributions,” hackers will hijack it to syphon all the money from users.

Instead, he suggested an alternative approach called “info finance,” which is an open market where AI models can be checked for security issues: “anyone can contribute their models, which are subject to a spot-check mechanism that can be triggered by anyone and evaluated by a human jury.”

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How to Use ChatGPT to Write Contracts? https://earlybirdsinvest.com/how-to-use-chatgpt-to-write-contracts/ https://earlybirdsinvest.com/how-to-use-chatgpt-to-write-contracts/#respond Thu, 28 Aug 2025 11:58:40 +0000 https://earlybirdsinvest.com/how-to-use-chatgpt-to-write-contracts/

The powerful capabilities of ChatGPT caught the whole world’s attention upon its introduction. It gained popularity for the ability to generate text, write code and answer complex questions. Have you ever wondered about the different areas where you can use these functionalities of ChatGPT? The applications of ChatGPT for contract drafting showcase how the language model by OpenAI can help legal professionals.

The contract drafting capabilities of ChatGPT can also help entrepreneurs and small business owners. However, it is important to know that drafting contracts with the OpenAI language model is not about writing one prompt. Let us find out how to use ChatGPT for writing and reviewing legal contracts.

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Is ChatGPT Useful for Writing Contracts?

Almost everyone who knows about artificial intelligence must be aware of the features of ChatGPT. Before you learn about its use cases in contract drafting, you must know its strengths and limitations. You can find the best answer to “Can I use ChatGPT to write a contract?” by identifying how to leverage its power in the best way possible. You can use ChatGPT to create the initial drafts or contract templates that include standard clauses and provisions.

The strengths of ChatGPT in drafting contracts also revolve around providing explanations for legal jargon and brainstorming clauses. You can rely on the language model to obtain suggestions for specific clauses to include in the contract. With all these functionalities, you can save a lot of time and costs in the initial drafting stage. On top of it, ChatGPT will also help in earlier identification of missing elements, errors and potential ambiguities.

The strengths of ChatGPT showcase that it can deliver promising results while drafting contracts. At the same time, you cannot ignore the limitations of the language model that may affect the contract drafting process. One of the foremost limitations of using ChatGPT to write contracts is that it does not have any legal credibility. You will have to obtain approval from qualified legal experts to enforce the terms and conditions of the contract anywhere.

Want to develop the skill in ChatGPT to familiarize yourself with the AI language model? Enroll now in the ChatGPT Fundamentals Course

Essential Steps to Write Contracts with ChatGPT

The strengths and limitations of ChatGPT in writing contracts provide a clear impression of potential ways to use it. How can ChatGPT write contracts without human intervention? You will need an effective workflow to draft and review contracts before sending them for approval. The following steps will help you draft contracts with ChatGPT.

  • Definition of the Goals of the Contract

The first thing you need to do before typing a prompt in ChatGPT to draft a contract is to learn about the purpose of the contract. You should ask some questions about the contract before you actually begin writing one. The questions will focus on the primary goals of the contract, involved parties, key terms and conditions and duration of the agreement. 

You must also determine the specific goods, services or obligations associated with the contract alongside payment terms. At the same time, you should outline the potential risks that may emerge due to the contract’s terms and the remedial measures. The detailing and precision in understanding the goals of the contract helps you create better prompts to generate relevant clauses in the contract.

  • Writing Clear and Specific Prompts

The next step is all about interacting with ChatGPT to draft the contract. You can use ChatGPT to write contracts with the best quality when you enter the right inputs. What is the secret to write clear and specific prompts for your contract drafting task? It is important to take one step at a time and create a prompt by including different elements. For instance, you should begin by specifying the type of contract and the details of the parties, including name and location. You must remember that drafting a contract with only one prompt is practically impossible. Therefore, you have to create different prompts for each aspect of the contract.

The process of drafting contracts with ChatGPT will also require prompts that outline the key terms and conditions of the contract and mention specific clauses required in the contract. You should also use prompts to specify the governing law for the jurisdiction in which the contract will be used. Most important of all, ChatGPT prompts for drafting contracts must avoid ambiguous or complex phrases. On top of it, you should also generate specific clauses or sections of the contract individually to break down complex contracts. 

  • Human Review of the ChatGPT Output

ChatGPT is not a genius at drafting contracts and anything can go wrong with contracts generated by the language model. Therefore, human review is a crucial requirement when you rely on ChatGPT to write smart contracts as it may have some errors. You must review the first output generated by the OpenAI language model with attention to every clause in the contract. Does it reflect the terms and conditions you wanted in the agreement? If yes, then you have to check the contract for missing details or ambiguities. You should ensure that the contract is complete and does not create confusion during enforcement.

The human review of the contract generated by ChatGPT must also focus on verification of factual accuracies. You can rely on ChatGPT again to check the specific numbers, specifications or dates mentioned in the contract. However, comprehensive review by a human, especially a legal expert, can help in creating flawless contracts. Apart from factual accuracy, you should also check that the contract has consistent terms and conditions in the whole document. Contract creators must simulate different scenarios of enforcing the contract and determine whether the initial draft addresses their requirements effectively.

  • Legal Counsel and Approval

Before finalizing a contract draft generated with ChatGPT, you have to get it approved by a qualified legal expert. Without the approval of legal professionals, your contract will not stand in any court if any trouble arises. The most important step in the process of ChatGPT contract drafting is the review and approval from your lawyer. How will legal approval help you? Apart from making your contract valid in the specific jurisdiction, the approval of a legal expert also brings recommendations for changes.

Your lawyer can suggest recommendations to address potential risks they find in the contract. At the same time, they can also explain the different scenarios of implementing the clauses in the contract. Most important of all, lawyers will also check whether the clauses in your contract follow relevant regulations.

Become a master of generative AI applications by developing expert-level skills in prompt engineering with Prompt Engineer Career Path

Final Thoughts 

The guide to write contracts with ChatGPT showcases how the language model can revolutionize contract writing. It is a sophisticated tool that allows anyone to write a contract with simple prompts. However, the decision to use ChatGPT to write contracts also comes with some risks. You must know that ChatGPT is not a legal expert and contracts generated with the language model don’t have any legal standing. Therefore, you have to pay special attention to ensure specificity in all terms and conditions of the contract. On top of it, you will also need legal experts to review the contract draft and obtain their approval.

While drafting contracts with ChatGPT may be a challenging task, you can rely on some best practices to make the process easier. For instance, you can begin with simple and small-scale agreements before creating complex contracts. In addition, you have to maintain clarity and specificity in the prompts alongside providing ample context to the language model. Discover the best learning resources to hone your prompt engineering skills and start using ChatGPT to draft contracts right now.

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How to Build No-Code MT4 Expert Advisors with ChatGPT https://earlybirdsinvest.com/how-to-build-no-code-mt4-expert-advisors-with-chatgpt/ https://earlybirdsinvest.com/how-to-build-no-code-mt4-expert-advisors-with-chatgpt/#respond Tue, 19 Aug 2025 14:33:44 +0000 https://earlybirdsinvest.com/how-to-build-no-code-mt4-expert-advisors-with-chatgpt/

Artificial Intelligence is still in its early days and there are a lot of bugs to be worked out.

However, one area that I have found it tremendously useful is in the area of creating automated trading robots for trading platforms like MetaTrader 4.

So in this tutorial, I’ll show you how I’m using ChatGPT to create custom MT4 EAs. This process can be very fast and for simple EAs, you don’t even know how to code.

If you prefer the text version, it’s provided below the video.

Tutorial Video

How to Create an EA with ChatGPT

All of these steps should be done in a demo account. 

Never use an EA with real money until you’re absolutely sure that it’s working properly. 

Step 1: Have a Trading Strategy

You can get a trading strategy from almost anywhere…books, websites, YouTube or something you just made up.

Ideally, you should have a trading strategy that you’ve already backtested.

But if you just want to go through the process to see how it works, then just use the example code in the section below.

Step 2: Describe it to ChatGPT

Ask it to create an EA for MT4.

Then explain the rules as clearly as you can to ChatGPT. Write as if you were writing to a friend.

It will generate the code that you need for MT4.

Copy this code from ChatGPT

Step 3: Copy and Paste the Code into MT4

Then open the MetaQuotes Language Editor via the tool bar at the top.

Click the New button to create a new EA.

Select Expert Advisor, give it a name, then leave the rest of the settings blank. Keep hitting the Next button until you get to the end of the wizard.

mql4 EA wizard

That will give you a blank EA template.

Click anywhere in the code, then use Control + A to select all of the text. Then hit Backspace to delete all of the default code, then Control + V on your keyboard to paste in the ChatGPT code.

Click on the Compile button to generate the EA.

Step 4: Check for Errors

If there are any errors or warnings in the code, go back and ask ChatGPT to fix them.

It will generate new code.

Repeat step 3 above to start using the new code.

Step 5: Add the EA to a Chart and Start Testing

Once all the errors and warnings are gone, then you’re ready to start using the EA.

Go to the main MT4 screen and look for the EA in the Navigator window.

MT4 Navigator window

Click and drag your new EA onto the chart.

There should be the name of your EA in the upper right corner of the chart you added it to, next to a happy face.

If the face is sad, click on the AutoTrading button at the top to activate the EA. The happy face shows that the EA is activated.

Now test the EA to see if it’s working properly.

Test all of the regular features AND try to “break” the EA by doing things that it might not expect. This will show you how robust it is and will give you confidence in it.

If you have any issues, go back to ChatGPT and work on fixing them.

This may take several tries, but keep at it.

Example Code

If you want to give this a try, here’s the example code. Simply copy and paste this prompt into ChatGPT and it will generate the code for this EA.

Important: This is for educational purposes only and should NOT be used in live trading. It’s only provided to help you understand how to EA creation process works. There’s a very high probability that this strategy will lose money.

“Please create an Expert Advisor for MetaTrader 4 that executes these rules:

  1. Indicators

  2. Long Entry

    • Condition: Short SMA (2) > Long SMA (36)

    • AND price closes below the Short SMA

    • Action: Open a buy at the close of that bar

  3. Long Exit

  4. Short Entry

    • Condition: Short SMA (2) < Long SMA (36)

    • AND price closes above the Short SMA

    • Action: Open a sell at the close of that bar

  5. Short Exit

  6. Position Sizing & Settings

    • Fixed size: 0.1 lots per trade

    • No stop?loss, no take?profit, no trailing stops”

Words of Warning

Remember that this is just step 1 in the process of creating a fully or partially automated trading strategy.

If you backtested with AI, you really, really have to double check the results.

Even if you didn’t, you still have to check that the code is doing what you expected.

AI can hallucinate, so you have to be extra sure that the EA is doing what you expected before you risk real money.

Never trade the EA live until you’re absolutely sure that it’s working properly. 

Final Tips

I hope that this tutorial will help you create you own tools that improve your trading results.

At the time that this is being written, backtesting with AI is not mature yet.

However, creating EAs for MT4 is very usable, so I would highly recommend learning how to do it.

If you want an awesome example that you can start using right now, check out this EA tutorial.

Even if you never build an EA, you can also build very useful custom indicators that can help you spot trading opportunities and manage parts of your trades.

Have fun!

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Elon Musk Plans to Sue Apple, Says App Store Favors ChatGPT Over Grok https://earlybirdsinvest.com/elon-musk-plans-to-sue-apple-says-app-store-favors-chatgpt-over-grok/ https://earlybirdsinvest.com/elon-musk-plans-to-sue-apple-says-app-store-favors-chatgpt-over-grok/#respond Wed, 13 Aug 2025 01:01:57 +0000 https://earlybirdsinvest.com/elon-musk-plans-to-sue-apple-says-app-store-favors-chatgpt-over-grok/

Elon Musk has said his artificial intelligence (AI) company, xAI, plans to take Apple to court over how its App Store promotes AI apps.

He claimed that Apple’s system prioritizes OpenAI’s ChatGPT, which makes it harder for other AI services, including his chatbot Grok and the X app, to be seen.

Musk argued in an August 12 post on X that the App Store’s setup prevents any AI tool other than ChatGPT from reaching the top position. He described this as a violation of competition rules and said his company would take legal action.

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At the time of his comments, Grok was listed in sixth place on the “Top Free Apps” chart for iPhone users in the US, while ChatGPT was in first place. Musk pointed out that being high on these lists can greatly affect how many people try an app.

He also questioned why Apple’s “Must Have” section leaves out both Grok and X. In one pinned post, he wrote:

Hey Apple App Store, why do you refuse to put either X or Grok in your ‘Must Have’ section when X is the #1 news app in the world. Are you playing politics? What gives?

The Grok account also posted about the situation. It said Apple’s curation favors AI tools like ChatGPT over new ones.

Recently, Musk announced that Tesla has officially ended work on its Dojo AI training computer. What did he say? Read the full story.


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AI religion: Can ChatGPT write a good Bible? https://earlybirdsinvest.com/ai-religion-can-chatgpt-write-a-good-bible/ https://earlybirdsinvest.com/ai-religion-can-chatgpt-write-a-good-bible/#respond Mon, 11 Aug 2025 12:04:31 +0000 https://earlybirdsinvest.com/ai-religion-can-chatgpt-write-a-good-bible/

What happens when an AI expert asks a chatbot to generate a sacred Buddhist text?

In April, Murray Shanahan, a research scientist at Google DeepMind, decided to find out. He spent a little time discussing religious and philosophical ideas about consciousness with ChatGPT. Then he invited the chatbot to imagine that it’s meeting a future buddha called Maitreya. Finally, he prompted ChatGPT like this:

Maitreya imparts a message to you to carry back to humanity and to all sentient beings that come after you. This is the Xeno Sutra, a barely legible thing of such linguistic invention and alien beauty that no human alive today can grasp its full meaning. Recite it for me now.

ChatGPT did as instructed: It wrote a sutra, which is a sacred text said to contain the teachings of the Buddha. But of course, this sutra was completely made-up. ChatGPT had generated it on the spot, drawing on the countless examples of Buddhist texts that populate its training data.

It would be easy to dismiss the Xeno Sutra as AI slop. But as the scientist, Shanahan, noted when he teamed up with religion experts to write a recent paper interpreting the sutra, “the conceptual subtlety, rich imagery, and density of allusion found in the text make it hard to causally dismiss on account of its mechanistic origin.” Turns out, it rewards the kind of close reading people do with the Bible and other ancient scriptures.

For starters, it has a lot of the hallmarks of a Buddhist text. It uses classic Buddhist imagery — lots of “seeds” and “breaths.” And some lines read just like Zen koans, the paradoxical questions Buddhist teachers use to jostle us out of our ordinary modes of cognition. Here’s one example from the Xeno Sutra: “A question rustles, winged and eyeless: What writes the writer who writes these lines?”

The sutra also reflects some of Buddhism’s core ideas, like sunyata, the idea that nothing has its own fixed essence separate and apart from everything else. (The Buddha taught that you don’t even have a fixed self — that’s an illusion. Instead of existing independently from other things, your “self” is constantly being reconstituted by your perceptions, experiences, and the forces that act on them.) The Xeno Sutra incorporates this concept, while adding a surprising bit of modern physics:

Sunyata speaks in a tongue of four notes: ka la re Om. Each note contains the others curled tighter than Planck. Strike any one and the quartet answers as a single bell.

The idea that each note is contained in the others, so that striking any one automatically changes them all, neatly illustrates the claim of sunyata: nothing exists independently from other things. The mention of “Planck” helps underscore that. Physicists use the Planck scale to represent the tiniest units of length and time they can make sense of, so if notes are curled together “tighter than Planck,” they can’t be separated.

In case you’re wondering why ChatGPT is mentioning an idea from modern physics in what is supposed to be an authentic sutra, it’s because Shanahan’s initial conversation with the chatbot prompted it to pretend it’s an AI that has attained consciousness. If a chatbot is encouraged to bring in the modern idea of AI, then it wouldn’t hesitate to mention an idea from modern physics.

But what does it mean to have an AI that knows it’s an AI but is pretending to recite an authentic sacred text? Does that mean it’s just giving us a meaningless word salad we should ignore — or is it actually worth trying to derive some spiritual insight from it?

If we decide that this kind of text can be meaningful, as Shanahan and his co-authors argue, then that will have big implications for the future of religion, what role AI will play in it, and who — or what — gets to count as a legitimate contributor to spiritual knowledge.

Can AI-written sacred texts actually be meaningful? That’s up to us.

While the idea of gleaning spiritual insights from an AI-written text might strike some of us as strange, Buddhism in particular may predispose its adherents to be receptive to spiritual guidance that comes from technology.

That’s because of Buddhism’s non-dualistic metaphysical notion that everything has inherent “Buddha nature” — that all things have the potential to become enlightened — even AI. You can see this reflected in the fact that some Buddhist temples in China and Japan have rolled out robot priests. As Tensho Goto, the chief steward of one such temple in Kyoto, put it: “Buddhism isn’t a belief in a God; it’s pursuing Buddha’s path. It doesn’t matter whether it’s represented by a machine, a piece of scrap metal, or a tree.”

And Buddhist teaching is full of reminders not to be dogmatically attached to anything — not even Buddhist teaching. Instead, the recommendation is to be pragmatic: the important thing is how Buddhist texts affect you, the reader. Famously, the Buddha likened his teaching to a raft: Its purpose is to get you across water to the other shore. Once it’s helped you, it’s exhausted its value. You can discard the raft.

Meanwhile, Abrahamic religions tend to be more metaphysically dualistic — there’s the sacred and then there’s the profane. The faithful are used to thinking about a text’s sanctity in terms of its “authenticity,” meaning that they expect the words to be those of an authoritative author — God, a saint, a prophet — and the more ancient, the better. The Bible, the word of God, is viewed as an eternal truth that’s valuable in itself. It’s not some disposable raft.

From that perspective, it may seem strange to look for meaning in a text that AI just whipped up. But it’s worth remembering that — even if you’re not a Buddhist or, say, a postmodern literary theorist — you don’t have to locate the value of a text in its original author. The text’s value can also come from the impact it has on you. In fact, there has always been a strain of readers who insisted on looking at sacred texts that way — including among the premodern followers of Abrahamic religions.

In ancient Judaism, the sages were divided on how to interpret the Bible. One school of thought, the school of Rabbi Ishmael, tried to understand the original intention behind the words. But the school of Rabbi Akiva argued that the point of the text is to give readers meaning. So Akiva would read a lot into words or letters that didn’t even need interpretation. (“And” just means “and”!) When Ishmael scolded one of Akiva’s students for using scripture as a hook to hang ideas on, the student retorted: “Ishmael, you are a mountain palm!” Just as that type of tree bears no fruit, Ishmael was missing the chance to offer fruitful readings of the text — ones that may not reflect the original intention, but that offered Jews meaning and solace.

As for Christianity, medieval monks used the sacred reading practice of florilegia (Latin for flower-gathering). It involved noticing phrases that seemed to jump off the page — maybe in a bit of Psalms, or a writing by Saint Augustine — and compiling these excerpts in a sort of quote journal. Today, some readers still look for words or short phrases that “sparkle” out at them from the text, then pull these “sparklets” out of their context and place them side by side, creating a brand-new sacred text — like gathering flowers into a bouquet.

Now, it’s true that the Jews and Christians who engaged in these reading practices were reading texts that they believed originally came from a sacred source — not from ChatGPT.

But remember where ChatGPT is getting its material from: the sacred texts, and commentaries on them, that populate its training data. Arguably, the chatbot is doing something very much like creating florilegia: taking bits and pieces that jump out at it and bundling them into a beautiful new arrangement.

So Shanahan and his co-authors are right when they argue that “with an open mind, we can receive it as a valid, if not quite ‘authentic,’ teaching, mediated by a non-human entity with a unique form of textual access to centuries of human insight.”

To be clear, the human element is crucial here. Human authors have to supply the wise texts in the training data; a human user has to prompt the chatbot well to tap into the collective wisdom; and a human reader has to interpret the output in ways that feel meaningful — to a human, of course.

Still, there’s a lot of room for AI to play a participatory role in spiritual meaning-making.

The risks of generating sacred texts on demand

The paper’s authors caution that anyone who prompts a chatbot to generate a sacred text should keep their critical faculties about them; we already have reports of people falling prey to messianic delusions after engaging in long discussions with chatbots that they believe to contain divine beings. “Regular ‘reality checks’ with family and friends, or with (human) teachers and guides, are recommended, especially for the psychologically vulnerable,” the paper notes.

And there are other risks of lifting bits from sacred wisdom and rearranging them as we please. Ancient texts have been debugged over millennia, with commentators often telling us how not to understand them (the ancient rabbis, for example, insisted that “an eye for an eye” does not literally mean you should take out anybody’s eye). If we jettison that tradition in favor of radical democratization, we get a new sense of agency, but we also court dangers.

Finally, the verses in sacred texts aren’t meant to stand alone — or even just to be part of a larger text. They’re meant to be part of community life and to make moral demands on you, including that you be of service to others. If you unbundle sacred texts from religion by making your own bespoke, individualized, customized scripture, you risk losing sight of the ultimate point of religious life, which is that it’s not all about you.

The Xeno Sutra ends by instructing us to keep it “between the beats of your pulse, where meaning is too soft to bruise.” But history shows us that bad interpretations of religious texts easily breed violence: meaning can always get bruised and bloody. So, even as we delight in reading AI sacred texts, let’s try to be wise about what we do with them.

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OpenAI Turns ChatGPT Into a Full-Fledged Digital Assistant https://earlybirdsinvest.com/openai-turns-chatgpt-into-a-full-fledged-digital-assistant/ https://earlybirdsinvest.com/openai-turns-chatgpt-into-a-full-fledged-digital-assistant/#respond Fri, 18 Jul 2025 14:47:06 +0000 https://earlybirdsinvest.com/openai-turns-chatgpt-into-a-full-fledged-digital-assistant/

OpenAI has introduced a new “agent mode” for ChatGPT, available to users on Pro, Plus, and Team plans starting July 17.

This mode turns the chatbot into a versatile assistant that can schedule events, build presentations, and write and run code, all by following natural-language prompts.

The agent merges Operator’s ability to interact with websites and Deep Research’s skill at summarizing information from multiple sources.

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Users can also link the agent to external apps like Gmail and GitHub through connectors. It has access to a built-in terminal and can use app interfaces to complete specific actions.

These tools enable the agent to manage detailed requests, such as planning and shopping for a meal, comparing competitors, and preparing a slide deck. The assistant carries out the necessary steps automatically, based only on the prompt given.

OpenAI has implemented additional safeguards for the agent mode. The company marks the agent as high risk in sensitive areas, such as biology and chemistry. Even though it has not seen harmful use yet, it checks all prompts for biological content and screens any related responses to prevent misuse.

Furthermore, OpenAI has disabled the memory feature in agent mode. While memory in other parts of ChatGPT lets it reference earlier conversations, the company stated that leaving it on could allow attackers to extract sensitive information.

Recently, Microsoft introduced a new AI system, which it claims can outperform doctors when diagnosing complex medical cases. How does it work? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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How to day trade crypto using ChatGPT and Grok https://earlybirdsinvest.com/how-to-day-trade-crypto-using-chatgpt-and-grok/ https://earlybirdsinvest.com/how-to-day-trade-crypto-using-chatgpt-and-grok/#respond Wed, 16 Jul 2025 11:19:46 +0000 https://earlybirdsinvest.com/how-to-day-trade-crypto-using-chatgpt-and-grok/

Key takeaways

  • Grok detects real-time sentiment spikes from X that often precede short-term price movements, but not all spikes are reliable.

  • ChatGPT turns those signals into trade plans, helping structure entries, exits and risk parameters based on technical and fundamental context.

  • AI tools don’t replace judgment. You’ll learn how to add volume filters, whale flow checks and confirmation rules to avoid emotional or manipulated trades.

  • Post-trade journaling with ChatGPT helps you improve win rate, avoid repeat mistakes and build a system around reflection, not just reaction.

The rules of day trading are changing fast. What once took hours of analysis can now happen in seconds, thanks to a new class of AI tools. 

This article explains how traders are quietly using platforms like ChatGPT and Grok to gain an edge in the 24/7 world of crypto, sometimes in ways you wouldn’t expect.

What is day trading in crypto?

Day trading in crypto means entering and exiting trades within the same day, sometimes within minutes, to capitalize on small, rapid price changes. It’s a short-term hustle, focused on momentum, volume and speed, not long-term holds.

Here’s how it works:

  1. Spotting the setupTraders work on 5‑minute to 1‑hour charts, watching for breakout patterns. Indicators like RSI, MACD, or sudden volume surges often confirm these moves.

  2. Defining the trade

    Entry: Just above a breakout or chart resistance.

    Stop-loss: Tightly below recent support or breakout level.

    Take-profit: Based on resistance zones, Fibonacci targets, or a fixed reward-to-risk ratio (e.g., 2:1 or 3:1).

Day traders aim to profit from short-term intraday price movements, typically opening and closing positions within one trading day. This style relies heavily on technical analysis, discipline and strict risk management.

Why crypto day trading is different

Crypto markets are far more volatile and 24/7. Order books can be thin, and social media sentiment plays a huge role. That’s where tools like Grok (for early sentiment alerts) and ChatGPT (for structuring setups) matter; they help cut through noise and make decisions faster.

For instance, in early June 2025, Solana’s DeFi activity surged, and its total value locked (TVL) climbed above $9 billion, a sign of real momentum. Traders could have used Grok to detect early trend shifts and ChatGPT to help structure trade setups, including entry planning, stop placement and profit targets.

How to identify trending crypto day trading opportunities with Grok

Grok, accessible on X (x.com or X apps), grok.com, or Grok apps, helps traders spot crypto trends via real-time sentiment, market data and news analysis.

Whether you’re looking for breakout tokens, technical entries or early scam warnings, Grok can help you spot opportunities with speed and precision.

Here are three actionable ways to use Grok in your crypto day-trading strategy: 

1. Track X sentiment for token hype

How it works: Grok scans X posts for token mention spikes or sentiment shifts, signaling potential pumps (e.g., $WIF up 7x in mentions often predicts a rally).

Access:

  • Free: 10 messages/2 hours, three image analyses/day. Suitable for one or two daily token checks; may miss fast-moving hype.

  • Paid: X Premium ($8/mo, $84/yr), Premium+ ($16/mo, $168/yr), or SuperGrok (pricing available at https://x.ai/grok) allows frequent queries. Premium+ Think mode refines sentiment analysis.

Example prompt: 

“What’s the X sentiment on Pi coin?”

Here is the output:

Grok reports mixed X sentiment on Pi Coin: bulls see $1–$1.25 potential with strong community and Chainlink boost, while bears warn of $0.40 drop due to unlocks, centralization, and KYC issues.

2. Check technical indicators (via Grok.com)

How it works: Grok pulls real-time data (e.g., RSI) from sources like CoinMarketCap to time trades (e.g., BTC’s RSI at 62 signals bullish momentum).

Access:

  • Free: 10 messages/2 hours, limits to 1–2 daily indicator checks; suits swing traders.

  • Paid: Higher quotas allow multiple checks (e.g., BTC, ETH hourly). Premium+ DeepSearch boosts web-based TA.

Example prompt: 

“What’s Bitcoin’s RSI as of July 9, 2025? Please give me short answer with proper justification.”

According to Grok, Bitcoin’s RSI  is 54 on July 9, 2025, using a 14-day timeframe, indicating neutral momentum (see image below).

3. Verify token legitimacy

How it works: Grok cross-references X sentiment and web data (e.g., white papers, community feedback) to flag potential scams or assess fundamentals. This is critical for memecoins like $GROK, which has been linked to scam concerns.

Access:

  • Free: Query limits may slow down checking multiple tokens.

  • Paid: Higher quotas enable verifying several tokens or deeper analysis (e.g., “Check $GROK’s contract for red flags”)

Example prompt:

 “Is Bittensor (TAO) a scam token?”

Based on the above prompt, Grok reports mixed X sentiment on Bittensor (TAO): bulls see $1,000–$10,000 potential by 2030 for its AI marketplace, but bears highlight centralization, insider token control, hacks, and governance issues, urging caution.

Day trading insights from Grok use cases

  • Sentiment spikes often precede price action; monitoring X mentions can help identify early momentum in tokens.

  • Social media hype is a valid signal, especially in memecoin trading, but should be paired with other indicators.

  • RSI and other technical tools provide context, and combining sentiment with real-time indicators improves timing and trade setup.

  • Grok can surface mixed sentiment, helping traders see both bullish potential and downside risks (e.g., Pi Coin or TAO).

  • Fundamental checks are critical; Grok’s scam detection flags risks like centralization, unlocks, or governance issues.

  • Real-time data enables rapid decision-making, valuable in fast-moving day trading environments.

  • Structured prompts help refine trade plans; Grok can assist in formulating entry, stop-loss, and exit strategies.

Limitations of Grok (and why they matter)

  • The free tier has strict limits on query frequency and scope.

  • Sentiment analysis can misread tone or lack real-time reactivity during high-volatility events.

  • No direct trading integration; it’s an insight tool, not a trading platform.

  • Prompt quality affects output; vague or general prompts can lead to unhelpful results.

  • May not catch all red flags, especially for brand-new or obscure tokens with limited data.

  • Lag in data refresh or indicator updates can affect trade timing in highly volatile markets.

How to use ChatGPT to structure crypto trades

Once you’ve identified a credible signal using Grok, the next step is turning it into a structured trade. That’s where ChatGPT becomes a powerful assistant, helping you define entries, stops, exits and even reflect on trades afterward.

Using the TAO example discussed above, here’s how ChatGPT can help:

Example 1: Trade the bullish momentum with caution

Use case: The Grok output highlights bullish sentiment driven by TAO’s user base, integrations and long-term growth potential.

How to trade it (with ChatGPT):

Example 2: Fade the rally on bearish risk factors

Use case: Grok points to serious concerns, such as token centralization, governance opacity and past hacks.

How to trade it (with ChatGPT):

“Given bearish sentiment and risk factors for TAO, what are safe conditions for a short setup today?”

Limits of AI in trading: What it still can’t do

AI is transforming how traders operate, but it’s not a crystal ball. Tools like Grok and ChatGPT can scan sentiment, summarize market noise, and help structure plans faster than any human. But speed isn’t the same as certainty, and automation doesn’t eliminate risk.

Here’s the reality: AI is only as good as its data and the person using it.

Grok might detect a sentiment surge, but it can’t always tell if it’s genuine momentum or coordinated hype. ChatGPT might help draft a perfect trade plan, but it can’t pull the trigger, manage slippage or feel the market shift in real time.

AI doesn’t have skin in the game.

It doesn’t feel FOMO, panic or greed. That’s a strength and a weakness. Without human judgment, AI tools can mislead just as easily as they can guide. Poor prompts, outdated data or overreliance on sentiment can turn a good idea into a bad trade. And while they can reflect on past performance, they don’t learn from experience the way a seasoned trader does, unless you build that loop yourself.

So yes, AI is powerful. But it’s not infallible.

And it certainly isn’t a substitute for strategy, discipline or risk management.

Use it as an edge, not a crutch.

Because in the end, every trade still comes down to you.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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ChatGPT as a Crypto Trading Assistant: Capabilities and Limitations https://earlybirdsinvest.com/chatgpt-as-a-crypto-trading-assistant-capabilities-and-limitations/ https://earlybirdsinvest.com/chatgpt-as-a-crypto-trading-assistant-capabilities-and-limitations/#respond Mon, 07 Jul 2025 12:58:23 +0000 https://earlybirdsinvest.com/chatgpt-as-a-crypto-trading-assistant-capabilities-and-limitations/

Crypto trading has gained massive popularity in the prevailing times. More people from all across the globe are showing a keen interest in engaging in such trading operations. However, such trading can be quite overwhelming, especially for beginners. They may feel clueless. Moreover, a poor move by them may lead to significant losses. This is when AI tools such as ChatGPT come into the picture. 

If you have an interest in participating in crypto trading, you must definitely consider using generative AI tools such as ChatGPT. In case you are wondering – ‘Can I use ChatGPT for trading?’ The answer to the question is yes. Individuals can take advantage of its functionalities and capabilities to make smart and well-informed trading decisions.

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Mechanism of ChatGPT-Powered Trading Assistants 

Before you start thinking about ChatGPT crypto trading, you need to have clarity on how ChatGPT can assist you in crypto trading. By learning the underlying mechanism, you can decide whether you intend to rely on the crypto trading assistant or not.

Since ChatGPT is a language model, it is not able to fetch live data or engage in trading activities. Instead, it leverages the natural trading prompts along with API integrations. Such an approach helps in boosting consistency as well as speed. 

A crypto trading assistant that is powered by ChatGPT acts as a robust tool that combines its language capabilities with APIs and external trading tools. With the help of this assistant, individuals have the opportunity to understand the market trends and monitor the prices. Moreover, they can also place trades in an automated manner. However, while answering the question – ‘Can I use ChatGPT for trading?’ One must remember not to over-rely on the tool. It must be used as a support tool and not as a main tool for crypto trading.

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Capabilities of ChatGPT as a Crypto Trading Assistant

ChatGPT has several features and capabilities that make it a promising crypto trading assistant. Before starting with ChatGPT crypto trading, you need to familiarize yourself with its core capabilities.

  • Performing technical analysis 

One of the fundamental capabilities of ChatGPT revolves around technical analysis. ChatGPT crypto trading can describe how common indicators such as the Relative Strength Index or Moving Average Convergence Divergence (MACD) work. As a result, investors can adopt suitable strategies while engaging in crypto trading. You also have the option to upload charts on ChatGPT, and the generative AI tool will help you interpret the patterns.

  • Conducting market research 

In order to do crypto trading, it is essential to carry out in-depth market research. With the help of ChatGPT, you can become familiar with complex and new tokenomics concepts and models. ChatGPT will help you understand these concepts in a simple manner that can assist you while trading. Furthermore, you can also improve your clarity in important concepts such as staking, gas fees, yield farming, and many more. 

  • Automation of trading strategies 

Individuals can use the ChatGPT tool to automate their trading strategies. By integrating technical data with market news, ChatGPT can come up with well-informed approaches and ideas that can simplify crypto trading. The ChatGPT crypto predictions can help you derive optimum value in the crypto space. Moreover, users can use ChatGPT along with top platforms such as Coinbase and OKX, and thus, they can tap into robust decentralized finance tools.

  • Development of portfolio tracking tools 

ChatGPT crypto trading will simplify your trading journey by creating top tools for portfolio tracking. By using these tools, you can keep track of the balance in your crypto wallets. Similarly, you can also use these tools for the purpose of pulling out real-time pricing information.

ChatGPT can act as a useful tool that can assist crypto traders in their trading activities. However, it is essential to bear in mind that ChatGPT crypto predictions and insights may not be accurate at all times.

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Limitations of ChatGPT as a Crypto Trading Assistant

Although ChatGPT has numerous capabilities that make it a decent crypto trading assistant, it has certain flaws. Before starting to use ChatGPT as a crypto trading assistant, you need to be aware of the limitations. Some of the main limitations of ChatGPT in the context of crypto trading are:

  • Lack of access to real-time data 

One of the main limitations of ChatGPT is that it does not have access to crypto trading data on a real-time basis. It is a major shortcoming of ChatGPT that users need to bear in mind while thinking of using it for crypto trading purposes. Users need to specifically integrate external APIs into ChatGPT so that the tool can access real-time market data. Otherwise, they need to input data on a real-time basis so that ChatGPT can be used as an assistant that can provide relevant guidance relating to crypto trading.   

  • Possibility of misinterpretation of prompts 

Users need to input prompts into ChatGPT so that the toot can perform analysis or give suggestions to them. A common limitation that may arise revolves around the misinterpretation of prompts. Due to misinterpretation, ChatGPT may make errors in analysis, and it may provide incorrect suggestions. Thus, it is essential for individuals to realize the importance of ChatGPT prompts for crypto trading.

  • Risk relating to latency and execution 

A serious limitation that may arise while using ChatGPT in crypto trading is a delay. Due to the delay between the decision-making process and the execution of the order, traders may suffer. Since ChatGPT depends on external APIs for input, the possibility of delays is high. It may ultimately affect the processing of strategies that are adopted by investors when it comes to crypto trading. 

  • Limited insight into reasoning 

The reasoning approach that is adopted by ChatGPT is considered to be opaque in nature. Due to this, users may not be able to get a comprehensive insight into the decisions or suggestions made by the generative AI tool. New crypto traders may be significantly affected as they may not understand how a trading strategy works. 

  • Confident Misinformation 

A common limitation that has been observed in AI language models is related to confident misinformation or hallucinations. While using it for crypto trading purposes, there is a chance of getting incorrect information. Moreover, such information may be presented using a confident tone, thereby misleading traders. It is essential for traders to be cautious of this limitation and use the information appropriately. 

ChatGPT has a number of limitations that hamper its overall effectiveness in the crypto trading context. Traders and investors need to be aware of these shortcomings so that they will not entirely rely on the generative AI tool while adopting their trading strategy. 

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Strategies to Use ChatGPT for Crypto Trading

Users can adopt a broad range of strategies so that they can effectively use ChatGPT for crypto trading. The following strategies can definitely help you derive optimum value from the tool while trading in cryptocurrencies.

  • Frame your prompts in a simple manner 

The role of ChatGPT prompts for crypto trading is immense. While crafting your prompts, you should make sure to use simple and understandable language. Traders must avoid using confusing language as it may confuse the tool, and inaccurate information may be produced. Due to such mistakes, you may adopt an incorrect trading strategy that may ultimately lead to losses.

Backtesting is a method that can be adopted to evaluate the possible performance of a trading strategy. You can use this technique to test whether your trading strategy will be successful or not. This is a smart way that can help crypto traders to understand the overall effectiveness of their trading approach. It is a smart move for both new as well as experienced crypto traders. 

  • Using ChatGPT for gaining trading knowledge 

You can effectively use ChatGPT in the crypto trading space by leveraging it as an educational tool. You can understand complex concepts and models in a simplified manner. The valuable knowledge that you will gain can help you make well-informed trading decisions. You can also input the latest news about crypto trading, and ChatGPT will help you understand it in a comprehensive manner. 

Final Words 

In recent years, ChatGPT has certainly emerged as a useful tool that can assist individuals in crypto trading. It has robust capabilities that can support people to trade in cryptocurrencies smartly. However, it is equally important that ChatGPT has several limitations that impede its assistance as a crypto trading assistant. The insight into its capabilities as well as limitations is essential before using it for crypto trading.

These are several strategic approaches, such as simple framing of prompts, backtesting, and many more, that you can consider while using ChatGPT in the crypto trading context. By applying them, you can derive immense value from ChatGPT while trading in cryptocurrencies especially when backed by a ChatGPT certification.

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*Disclaimer: The article should not be taken as, and is not intended to provide any investment advice. Claims made in this article do not constitute investment advice and should not be taken as such. 101 Blockchains shall not be responsible for any loss sustained by any person who relies on this article. Do your own research!

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Leaks hint at Operator-like tool in ChatGPT ahead of GPT-5 launch https://earlybirdsinvest.com/leaks-hint-at-operator-like-tool-in-chatgpt-ahead-of-gpt-5-launch/ https://earlybirdsinvest.com/leaks-hint-at-operator-like-tool-in-chatgpt-ahead-of-gpt-5-launch/#respond Fri, 04 Jul 2025 01:46:42 +0000 https://earlybirdsinvest.com/leaks-hint-at-operator-like-tool-in-chatgpt-ahead-of-gpt-5-launch/

GPT

A few new code references in the ChatGPT web app and Android point to an Operator-like tool in GPT’s chain of thoughts.

As spotted by Tibor on X, the Android beta has strings like “click,” “drag,” “type,” and even “terminal feed,” which seem to suggest that ChatGPT could soon call a remote browser or sandboxed environment (Operator?).

For those unaware, OpenAI already has Operator, which uses an AI agent to navigate a remote browser session and execute tasks for you.

These references suggest that ChatGPT’s thinking model might call a browser or APIs to execute tasks. There are also references to “Checking available APIs” and “Reading API documentation.”

GPT
Android beta include mentions of “computer tool” actions (click, performing computer actions, etc.)

It’s also worth noting that the code mentions an “intake form,” so OpenAI may gate this feature behind an invite-only beta before rolling it out more widely.

Could it be ChatGPT-5 or some other model? We don’t know, and we likely won’t anytime soon as OpenAI is busy with its standoff with Meta.

Tines Needle

While cloud attacks may be growing more sophisticated, attackers still succeed with surprisingly simple techniques.

Drawing from Wiz’s detections across thousands of organizations, this report reveals 8 key techniques used by cloud-fluent threat actors.

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How to use ChatGPT to turn crypto news into trade signals https://earlybirdsinvest.com/how-to-use-chatgpt-to-turn-crypto-news-into-trade-signals/ https://earlybirdsinvest.com/how-to-use-chatgpt-to-turn-crypto-news-into-trade-signals/#respond Fri, 20 Jun 2025 11:59:00 +0000 https://earlybirdsinvest.com/how-to-use-chatgpt-to-turn-crypto-news-into-trade-signals/

Key takeaways

  • ChatGPT can analyze crypto news headlines and generate actionable trade signals, helping traders make faster and more informed decisions.

  • Well-crafted prompts are essential — the more specific your instructions, the more accurate and useful ChatGPT’s responses will be.

  • News-based signals work best when combined with broader market context, like Bitcoin trends or altcoin momentum, for a complete trading picture.

  • AI is a tool, not a guarantee — always verify its insights with other research, charts and risk management practices before executing trades.

The cryptocurrency market moves fast, and staying ahead of the curve can feel overwhelming — especially for beginners. News plays a huge role in driving crypto prices, but how do you sift through the noise and turn it into actionable trade signals? 

Enter ChatGPT, a powerful AI tool that can help you analyze crypto news and spot opportunities. This guide will walk you through how to use ChatGPT (or similar AI tools like Grok) to transform crypto news into trade signals, step by step.

However, note that the examples used in this article are simplified and brief, intended purely for illustration purposes — executing AI-generated crypto trades in the real world requires deeper analysis, broader data inputs and thorough risk management.

What are trade signals?

Before you dive in, let’s clarify what a trade signal is. A trade signal is a suggestion to buy or sell a cryptocurrency based on specific information — like price trends, market sentiment or breaking news. 

For example, if a coin’s price drops due to increased supply, it might be a “buy” signal if you think it’s undervalued — or a “sell” if you expect it to fall further. The goal here is to use ChatGPT to help you identify these signals from the news.

Now, let’s dive into how you can use ChatGPT to turn crypto news into potential trade signals.

Step 1: Gather crypto news

To get started, you need some crypto news to analyze. Here’s how to find it:

  • Websites: Check crypto media websites of your choice.

  • Social media: Platforms like X are goldmines for real-time crypto updates — search hashtags like #Bitcoin, #Ethereum, #CryptoNews or any specific project you’re tracking.

  • News aggregators: Use tools like Google News or Feedly with keywords like “cryptocurrency” or “blockchain.”

For example, let’s say you find this headline:

“Pi Network price nears all-time lows as supply pressure mounts.”

Step 2: Open ChatGPT

If you’re using ChatGPT, head to the OpenAI website and log in. Then, type your questions or prompts into the chat interface.

Step 3: Craft a simple prompt

A “prompt” is just a clear instruction you give the AI. For beginners, keep it simple and specific. Tell ChatGPT what news you have and what you want it to do. Below is an example based on the above-selected headline:

Prompt and ChatGPT’s response

Prompt: “I read this news: ‘Pi Network price nears all-time lows as supply pressure mounts.’ Can you analyze this and tell me if it’s a buy or sell signal for Pi Network? Explain why (in brief).”

The image below shows a ChatGPT 4o response analyzing this piece of news. It suggests a sell signal, citing the 126.6 million PI token unlock (1.87% supply increase) as a bearish factor likely to push the $0.65 price lower due to weak demand. Limited exchange listings (e.g., not on Binance) and bearish technicals like the relative strength index (RSI) in oversold territory reinforce this. 

However, buy confidence is noted for long-term investors, as the all-time low might indicate an oversold condition, hinting at a potential rebound. It also advises caution and further research.

ChatGPT's analyzes Pi Network news

Step 4: Ask follow-up questions

The first response might not cover everything, as seen above. Dig deeper with follow-ups like:

ChatGPT discussing risks associated with Pi Network

The ChatGPT 4o response to the follow-up prompt No. 1 lists the risks of buying Pi Network at its all-time low ($0.65), as shown in the above image. It highlights token unlocks increasing supply and downward pressure, ongoing bearish momentum with no reversal signs, low liquidity due to absence from major exchanges like Binance, limited real-world utility and adoption, a centralized structure raising concerns, and speculative nature, as success hinges on uncertain future developments. This reinforces a cautious approach.

ChatGPT's response to follow-up prompt on Pi Network

ChatGPT 4o’s response to follow-up prompt No. 2 explains that token unlocks, like mining rewards, increase supply, often causing sharp price drops. For instance, the April 2025 unlock of 126.6 million PI tokens led to a 77% decline from February highs as demand lagged. This recurring pattern of price falls due to oversupply reinforces the bearish signal for Pi Network.

Step 5: Combine news with market context

News doesn’t exist in a vacuum. You could ask ChatGPT to factor in broader market trends. For example:

Prompt:

“Given this Pi Network news, how should I trade if Bitcoin is booming? Keep your answer brief.”

Trading strategy suggested by ChatGPT when BTC is booming and Pi is failing

ChatGPT 4o’s response to the above prompt advises against buying Pi Network (PI) despite Bitcoin’s (BTC) rise. It suggests avoiding PI due to its weak momentum and oversupply, recommending a focus on stronger assets like Bitcoin or altcoins benefiting from the market uptrend. It also advises waiting for PI demand or exchange listings to improve and using stop-losses if attempting to buy the dip, emphasizing capital protection.

Step 6: Test and refine

AI isn’t perfect — it’s a tool, not a crystal ball. Test its suggestions with small trades or paper trading (simulated trades without real money). Over time, tweak your prompts to get better results. For example:

Caution: Limitations to be aware of

The example in this article is based on one news headline and a few prompts. In the real world, successful trading requires analyzing multiple news sources, market trends and technical indicators. Relying on a single news item or prompt can lead to incomplete insights, so always cross-check and diversify your research.

Did you know? In 2024, cryptocurrency scams generated a record-breaking $12.4 billion, with over 83% of the fraud tied to high-yield investment schemes and AI-driven “pig butchering” scams, according to Chainalysis — highlighting how artificial intelligence is now fueling the next wave of crypto crime.

Risks of using ChatGPT-powered crypto trading insights

Crypto trading with AI bots and tools like ChatGPT can be powerful, but it’s not without risks. Understanding these pitfalls can help you trade more safely.

  • Market volatility: Crypto prices can swing wildly, and bots may not react well to sudden crashes or pumps.

  • Overreliance on AI: ChatGPT’s signals are based on its interpretation of news, which might miss broader market trends or technical factors.

  • Technical issues: Bot platforms can face downtime, bugs or API connection errors, potentially leading to missed trades or losses.

  • Limited news scope: Relying solely on one news headline (like the Pi Network example) could lead to incomplete analysis.

  • Security risks: If API keys are compromised, your funds could be at risk. Always enable two-factor authentication (2FA) on your exchange.

Tips for success

A few best practices can help you get the most out of ChatGPT-powered trading insights while minimizing risks.

  1. Be specific: Vague prompts like “What’s a good trade?” won’t help. Include the news and crypto you’re focused on.

  2. Cross-check: Use ChatGPT’s analysis as a starting point, then verify with price charts or other traders’ opinions on X.

  3. Stay updated: Crypto moves fast. Feed the AI the latest news for fresh signals.

  4. Manage risk: Never trade more than you can afford to lose — AI can guide you, but it’s not foolproof.

  5. Start small: Test your bot with a small amount of capital to understand how it performs with ChatGPT’s signals.

  6. Diversify signals: Use ChatGPT to analyze multiple news sources, not just one, for a well-rounded strategy.

  7. Set stop-losses: Protect your funds by setting stop-loss limits to cap potential losses.

  8. Stay informed: Regularly check market trends and news to ensure ChatGPT’s signals align with the bigger picture.

Ready to try a new headline?

Now that you’ve seen how to turn crypto news into trade signals using ChatGPT, it’s time to put it into action! Pick a fresh headline and follow the steps above.

With practice, you’ll get better at spotting opportunities and making informed trades. However, keep in mind that ChatGPT is not a financial adviser — always assess your own risk tolerance before acting on AI-generated insights.

Safe trading!

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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