Posted by DividendGuy67 > 3 hours ago | Report Abuse

If you are interested to see the full chat with ChatGPT, try asking him these questions. Here's the full set of my questions:

1. is bitcoin worth buying and holding for 10 years?
2. If I buy and hold for 10 years, how can I lose in Bitcoin?
3. If you buy Bitcoin at its all time high, historically, how long did it took before it hit a new all time high and let you profit?
4. If it only takes 1-4 years to make new all time highs, how is 10 year holding of Bitcoin risky?
5. Let's talk about your first risk - regulatory. I am Malaysian and there's no regulations yet and Bitcoin gains are not taxable - how is it a risk for me? Do you forsee Malaysian government to impose regulations in next 10 years?
6. Historically, Malaysia government does not like the IMF, the World Bank nor other instrusive organization. Remember 1997 Asian Financial Crisis when they just ignored them and went on their own with currency capital controls? Why do you think Malaysia government has changed their minds?
7. The Malaysian Ringgit keeps depreciating against the USD the past 10 years.
The USD keeps debasing against Bitcoin the past 10 years.
The US government keeps printing fiat monies over past 10 years, effectively stealing from its citizens via inflation. This in turn effectively steals from Malaysians via depreciating currency and inflation. Isn't this a far bigger risk than Malaysian government imposing regulations?
8. What is Bitcoin's price today in USD?
9. It's around $105,000. does this surprise you?
10. I think it's going to go to $1 million in 4 years time, given Trump has won the election, and the majority in the government is pro Bitcoin and pro crypto with the BITCOIN Act proposed by Cynthia Lummis.
11. Blackrock's IBIT Spot Bitcoin ETF launched in early 2024 has quickly developed traction, making it Blackrock's most successful ETF launched. In less than a year, its AUM already surpassed its 20 year Gold ETF. There is so much demand for it. Why do you think that's the case?
12. Cynthia Lummis BITCOIN Act propose the US government to buy and hold 1 million BTC over 5 years ... what do you think will be the impact to Bitcoin price if Trump administration manage to sign off this?

Try feeding the same question to ChatGPT and other AI chatbots and see what is their answer ... I bet it's going to be very interesting!

Cheers!