I’m a very new investor (like a month in) and I kind of jumped in without much research, I now realize.

I mistakenly invested in a company and it’s been dropping ever since. So red. I was having a hard time finding info on it, so I asked ChatGPT. I know it’s not always the most accurate, so I’m wondering what you all think? Could this end up being a good investment? Lol.

The company is Bluesky Digital Assets Corp. I found out afterwards it’s a Canadian company which eased my guilt a bit (I like investing in my own country when I can).

Here’s what ChatGPT said, I’m very interested to hear your thoughts.

Bluesky Digital Assets Corp. (CSE: BTC) is a Canadian company specializing in digital asset mining and the development of blockchain and artificial intelligence (AI) solutions. The company is preparing to launch its BlueskyINTEL Web Engagement Platform in January 2025, aiming to generate revenue through subscriptions and partnerships. This platform is designed to connect businesses seeking AI and blockchain solutions with appropriate providers, marking a significant transition from development to revenue generation. 

Financially, Bluesky has recently raised additional capital through the exercise of warrants, securing $62,500 CAD via 1,250,000 warrants at $0.05 CAD per share.  This follows a previous announcement of raising $415,250 CAD through the exercise of 2,000,000 warrants at the same price. 

Analyst predictions suggest a positive outlook for Bluesky’s stock. StockInvest.us forecasts a potential rise of approximately 195.69% over the next three months, with a 90% probability of the stock price ranging between $0.752 and $2.11.  However, Simply Wall St notes that the company’s earnings have been declining at an average annual rate of 1.7%, in contrast to the software industry’s average annual growth of 29.6%. 

In summary, Bluesky Digital Assets Corp. is poised for potential growth with the upcoming launch of its BlueskyINTEL platform and recent capital infusions. However, investors should remain cautious due to the company’s historical earnings decline and the inherent volatility in the digital assets sector.