Bitcoin Forum

Hello,
What is your opinion about the CryptoGPT? Is it trustable?
Any idea welcomed.


Thank you.

I never understood the monetization of your own data (which it seems to be doing). When at the same time you are giving it for free to ton of different companies via apps and tracking cookies. And now you would be able to sell that same data? Which anyone could get cheaper from huge companies selling it with millions of other users data with it with bulk prices. Implementation of this tech for any kind of adoption would need to be revolutionary and simple in order for it to work.

All projects have risks. Crypto GPT is new but you are seeing crypto AI not being hyped like before. If you want to be safe join and earn free money. Investments carry greater risks. I saw this project listed on Bitfinex and many other exchanges. You can buy it but it is best to wait for the market trend to decide.

Now that AIs are hyped. I can only say the project is riding the hype. The token is listed this month on several exchanges though, for about $0.04, and the price rise up since.

I tried using Alex, his answer is a lot shorter than the answer from OpenAi. Not a very detailed answer by the way so it's kind of an unfinished product right now but because there are many of them already competing in this niche. Maybe choosing just one will be better. You will just be scammed once if you just pick one.

You wanna know what my opinion is?

Check out projects like Datum - https://datum.org and so many other "data monetization projects" and see if they are anything close to being life changing or successful

I say this because I heavily invested in datum around 2017/2018, but 6 years down the road. I would say tokens became worthless somewhere in 2019.

I avoid such projects that are putting themselves close to what is hype and currently popular. They've got no actual originality because they're attaching to what's popular at the moment. I'm done with those projects copying or making their names close to the trendy things today like in the past about TV shows, AIs, meme coins, now we've got these popular AI made by OpenAi which is the chatgpt and now, a developer sees the opportunity of it trying to get some investors by just adding the name of the popular app to their project. The website was even made just this 2023, so what I am expecting about it? If the fade of chatgpt goes down, this project might also lie low.

Im not sure how it will turn out but I have invested in this through my VC friend but only for $25 at $0.005 with 3months cliff and has a low monthly vesting of 3% per month. Current price at $0.05 is considered 10x already but the release tokens were just 10% so its already breakeven but still holding. This is kind of investment due to AI hype but will see how it play out.  $25 isnt bad risking though.

Since they are using OpenAI models, it is likely that they try to minimize the answer to lower the cost of the API calls. I wonder, what is their point to integrate such kind of feature when the main idea of their project is data monetisation? Pure publicity, I suppose, nothing more. This is shady for me because it has no utilization for the project that they claimed trying to build. This project has too much hype and emphasis on AI, while doesn't address the true problem or concern that comes around within the AI ecosystem.

Quite true, but learning how the capsule they publish to be gain from staking might unlock some features aside from profiting like normal AI mode to be. So far the idea of balance staking to earn AI tool might be a good start and if this project goes along as planned maybe we can see more features. I invested ao I gave benefit of a doubt.

For me CryptoGPT will have it's own positions in the crypto industry hence its an AI technology that have great indications it will have a run of success and of course it created a great hype towards AI projects in the industry. With that many crypto new project immerging because of CryptoGPT hype train.

Strange,  who told you guys that Chatgpt belongs in crypto world? The real ChatGPT has no token yet many scammers created their own chatGPT with token,  if you are already investing in such projects it shows how blindly you are, the implementation of tokens shows that these people only want to make money out of the hype, yet many are blind to see this. If you feel like I am wrong, please drop a comment about why chatGPT should have a token in the first place.

What about the project you promoted in your signature space? the project is aiming to create their own network for DEFI, NFT and gaming, why does it's matter? there are a lot network they can use including the cheap one, your project doesn't help anything and only want to make money :P

However I'm not defending the project about AI ChatGPT, but all of projects nowadays are only looking to make money where the solution has been found before the project created.

Be careful investing your money on any project that has GPT add to it's name, some are half backed and others are completely scam projects, I invested in one openai and I got scammed, I bought the tokens on BSC and I was unable to sell later, I later found out that no one was able to sell their tokens on the open market.

Yes we should be cautious, but this one rather be safe than other small time project on bsc that sprung one day since this one got some back up and has real developers since daomaker have requirements before joining their Sho so there are legit people working behind this one. Though we must be careful since its related to a hype "gpt" at the moment.

Scammers is still talking advantage of the a hype trend. AI projects is now on a trend on investors and "gpt" word is now being incorporated on projects because of the successful AI chatgpt. They can easily get identified as an ai project by an investors if they use "gpt" word in their project name. I personally don't like this clone type projects since it is usually made by a scammer. There have been a couple of instances already that they are cloning even project names then disappear with the money of their investors. Real projects is using original name and the one who are starting a trend.

This project is getting popular, they have their own blockchain and an ambitious roadmap, however it's impossible to say if things are going to work on practice like they are written on theory. CryptoGPT is a risky investment like any altcoins, and I would say it's more risky yet, because it's plagiarizing the GPT sail to lure investors into believing it has something to do with ChatGPT. That is a very negative signal of this project, and for that reason we must be careful.

Well sadly it's most likely bouncing soon as investors are idiots and there's GPT-4 openai developer livestream staring in 1 hour.
This version will most likely create insane hype and people will buy in to every AI altcoin out there, and having a GTP in the name helps.
Even if Generative Pretrained Transformer as a concept isn't exclusive to openai

Although I don't know much about crypto gpt yet so don't want to make bad comments about it beforehand. But it is based on a hype period And when I notice these things, I remember the words and events of squid coin. If you look at the trading volume of crypto gpt, you can see that it is very high, but people will doubt that it is timed out during the hype. And in my case these hyped projects are suspicious. So my suggestion would be avoiding investmenting in these coin will be wise decision.

Actually didnt wanted to invest with hype but what would lose if I got a shared of a private sale price and $25 isnt much to risk anyway. If I sold my initial 10% Ive already breakeven with 100% profit aside from the vesting 90% that will be given un the future. But I'll be cautious not to invest more since Ive already gained up with this. Only if I did big but this project has a lot of influencers and kol. Probably will started to unload when the vesting cool off.

This chatGPT gives investors big gains, I mean those that are fortunate enough to buy at the very beginning, there is also another I could not remember its name, it's a layer 2 AI-based GPT project that's coming very soon, the problem with these projects is the risks they carry along, they are very risky than other big altcoins in the market right now if you must invest do use a small amount of money, avoid getting greedy.

Soo other than being a chatbot what does it do? I tried asking some coding questions and, well, the formatting was rather horrid, to say the least. As for the answers, well, chatgpt can do the same, and in better ways as well. It doesn't have anything "new" or "unique" to it, at least that's what I get from it. It's just riding the AI hype, and at this point, I reckon open-source codes for pre-trained bots can be easily found now compared to back then. As for being trustable, even if it was, I highly recommend not to invest on it, it doesn't seem like anything would happen with it.

The whole point is that people are trying to catch a hype and make money. If people had the opportunity, they would link the spoon to the fork with blockchain. The problem is that very often they try to make blockchain where it is not needed. For example, what good is the CryptoGPT project anyway?