Published On Dec 6, 2020
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- TIMESTAMPS -
0:00 Intro
2:19 A Personal Message
3:15 Step 1: Market Activity
4:48 Step 2: Initial Research
8:50 Step 3: From The Source
10:39 Step 4: Double Checking
14:30 Step 5: News And Roadmap
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āļø š Useful Links š āļø
āŗ Tracking Price Action: https://coinmarketcap.com/, https://www.coingecko.com/en
āŗ Initial Research Resources: https://messari.io/, https://research.binance.com/, https://icodrops.com/
āŗ Good Crypto Podcasts For Interviews: Ā Ā Ā /Ā @unchainedcryptoĀ Ā , Ā Ā Ā /Ā @blockchainbradĀ Ā , Ā Ā Ā /Ā epicenterbtcĀ Ā
āŗ Good Cryptocurrency News Sites: https://cointelegraph.com/, https://decrypt.co/search, https://www.coindesk.com/search?q=&s=...
āŗ What To Look For When Analyzing Cryptocurrencies: Ā Ā Ā ā¢Ā FindingĀ ThatĀ 100xĀ Altcoin!Ā COMPLETEĀ G...Ā Ā
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šµļøāāāA Personal Messagešµļøāāā
Every time I make a video, I see comments from you guys asking me to cover other cryptocurrencies and crypto projects. Believe it or not, many of these cryptocurrencies and projects are usually on my to-do list already. The problem is that I alone canāt cover all of them in a timely manner
The crypto market never sleeps, and this means that sometimes you canāt be waiting for me to cover your favorite cryptocurrencies. And now that we are the start of a bull market, this leaves me with only one option and thatās to teach you the ways of DYOR
šStep 1: Market Activityš
When you hear about a promising cryptocurrency that piques your interest, the first thing you need to do is go to a website like CoinMarketCap or Coingecko to see if its alive. Be sure to check that the trading volume and price action are legit
šStep 2: Initial Researchš
Watch a few YouTube videos and then pay a visit to Messari, Binance Research, and an ICO tracking site like ICO drops. When you use these resources, be sure to take notes and write down any questions you might have.
You arenāt trying to get answers yet, you are just trying to get a primer.
Keep in mind that the information you see here can be outdated, and itās best to compare and contrast the information between the sources. This is especially critical for ICO funding and tokenomics. Be sure to jot down the names of any key individuals involved
šŗStep 3: From The Sourcešŗ
Watching interviews with the founders and CEOs of a cryptocurrency project is often the best way to understand it and measure its potential. Be sure to double check their credentials using LinkedIn, as its common for projects to hype themselves up based off inflated credentials
This is where you should be able to answer most of the questions you had earlier and get further clarification about any components of the cryptocurrency tech that you had a hard time understanding. A lot of the information you get here canāt be found anywhere else, which is why interviews are crucial
šStep 4: Double Checkingš
go through and check that everything you learned still applies and solve any mysteries that might have arisen since you started your research. Most of this can be easily done by digging through the cryptocurrencyās dedicated docs
If youāre lucky, youāll have a friendly search bar where you can just throw in key terms like: tokeonomics, inflation, ICO, consensus mechanisms, mining, staking, and other topics you feel you still donāt fully understand. Donāt be intimidated by any code you see ā look for the plain English explanation
š°Step 5: News And Roadmapš°
Skimming through the headlines of a cryptocurrency projectās blog is usually more than enough to get a sense of whether its been true to its word and where its headed. Read any updates you see that are significant, such as tokenomics or any big partnerships
Finally, pop open cryptocurrency news sites like CoinTelegraph, CoinDesk, and Decrypt and search to see whether what your promising project is up to has made the headlines. If you donāt find anything, donāt take that as a bad sign
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š Disclaimer š
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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