How to Research a Crypto in 7 Steps - My new daily habit
Everyone always says, "Do your own research!", but how do you actually do your own research on a crypto. In this video I'll show you an overview of how to research a cryptocurrency in seven steps. Plus, I talk about my new daily habit of reviewing a white paper per day and why I think that knowledge (knaawwllleddge), is such a MASSIVE advantage when it comes to the crypto markets.
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** This is not financial advice and these are simply my own opinions, as such, this should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do you own research.**
Thanks for pointing out that as a software developer I should look at the source. I'll start doing that.
You personally have a massive edge on the market, use it to your advantage! Thanks for the feedback on the video too, much appreciated!
Thanks for sharing your strategies with us
We try to research but it depends on the information already put out by experts. Seeing three or more sources saying the same thing confirms facts.
Unfortunately I disagree with you, just because a few "experts" say one thing, doesn't mean it's fact
I like to start with Github. If I see 2 checkouts in the last 6 month of the project I'm already out. This saved me a lot time in the past.
Doing a full researched as described by you is damn time consuming. I've already caught myself, scrolling over the whitepaper and not really reading it.
At the end of a research I'm asking myself the question:"Would I use this product in real life? Or does it just sound good on paper?"
I find this as a solid research process: 1. Read one white paper a day 2. Network with investors, traders and stakeholders. I will do that too. I didn't know about github so thanks for sharing all that.
This is great advice. Thanks!
Thank you for this! And thank you for not being some fake scammy BitConnect promoting MF as some other YouTubers are! :) The information and content you put out for free has been invaluable for me :)
Great post! I mostly follow the steps you mention here as well as take into consideration opinions of people in the industry that are vocal. I do not rely on their opinions but I take them into consideration. I also try to look at certain metrics if it is an asset already in use like volumes and turnover. Unfortunately, sometimes this is not enough to form an opinion as some of these technologies or platforms are meant to be disruptive and innovative and uncertainty is always there.
These 7 steps are a solid program for crypto addicts like me ;)
That list of things including few steps how o check any crypto before putting money in it, should be in every cryptowebsite in place where people click the button " I agree the terms of use and I have read them".
https://steemit.com/cryptocurrency/@grreenn/the-fall-of-the-bitconnect
up n follow for good idea!