How To Research Crypto In 2024: Ultimate Guide!!
Summary
TLDRThis video script offers a comprehensive guide to researching cryptocurrencies for potential investment. It emphasizes the importance of understanding the technology and market potential of coins and tokens, identifying key narratives likely to drive the next crypto bull market. The speaker, Guy, suggests starting with a curated list of cryptos, analyzing founder interviews, secondary sources, media coverage, and project blogs. The ultimate goal is to pinpoint cryptocurrencies with high growth potential for one's portfolio.
Takeaways
- 🔍 **Research is Key**: To become a crypto millionaire, one must conduct their own research to identify promising coins and tokens.
- 📈 **Identify Big Narratives**: Focus on cryptocurrencies that align with narratives likely to dominate the next crypto bull market, such as AI, tokenized real-world assets, and decentralized social media.
- 📋 **Create a List**: Make a list of cryptos within each narrative, considering factors like price, market cap, and accessibility to retail investors.
- 💡 **Low Price Tag**: Look for coins with a low price as they are perceived to have more potential for growth by retail investors.
- 🏦 **Market Cap Consideration**: Include a mix of large, medium, and small cap cryptos in your list to balance risk and reward.
- 🌐 **Accessibility**: Ensure the cryptos on your list are accessible to retail investors, particularly those in the United States.
- 🗣️ **Founder Interviews**: Listen to interviews and presentations by project founders for insights that may not be found elsewhere.
- 📊 **Secondary Sources**: Utilize summaries from reputable companies and metrics for user adoption and activity to validate project claims.
- 📰 **Crypto Media Coverage**: Assess the project's legitimacy by its coverage in crypto media outlets and the consistency of information.
- 📝 **Project Blogs**: Examine the project's blog posts for historical milestones, technical issues, and future plans, ensuring transparency and consistency.
- 📚 **Documentation Review**: Thoroughly review the project's documentation for critical information on how it works and its tokenomics.
- 🔎 **Website Sweep**: Go through all associated websites of the project, noting any inconsistencies with primary sources and the project's portrayal to investors.
- 📈 **Portfolio Building**: After thorough research, select a few promising cryptos that could potentially 'moon' and are worth adding to your portfolio.
Q & A
What is the primary advice given for becoming a crypto millionaire according to the video?
-The primary advice is to do your own research on cryptocurrencies, understanding their potential, and how they work.
What is the first step in researching cryptocurrencies as suggested by the video?
-The first step is to identify which cryptocurrencies are worth researching by focusing on narratives likely to be significant in the next crypto bull market.
What are some of the narratives mentioned in the video that could be significant in the next crypto bull market?
-Some of the narratives include AI, tokenized real-world assets, gaming, decentralized social media, decentralized physical infrastructure, and possibly quantum computing.
Why is it important to consider the price tag of a coin or token when making a list for research?
-It is important because most retail investors believe that a low price tag means the crypto could have a higher potential for price increase, even though market cap is what actually determines its potential.
What does the video suggest regarding the market cap when creating a list of cryptocurrencies for research?
-The video suggests creating a list that includes a mix of large cap, medium cap, and small cap cryptocurrencies to balance risk and reward.
How can retail investors ensure the cryptocurrencies on their list are accessible?
-They should make sure that the coins and tokens on their list are accessible on exchanges and to retail investors, especially in the United States.
What is the coin Bureau Club and how does it assist in researching cryptocurrencies?
-The coin Bureau Club is a membership service that provides weekly reviews of promising coins and tokens, daily market updates, and exclusive channels for discussing crypto trends, helping members who don't have time to research cryptos themselves.
Why are interviews and presentations by crypto project founders considered valuable resources for research?
-They are valuable because they often reveal important information not found elsewhere and can explain the project in a way that is understandable to the average person.
What are some secondary sources and statistics that can be used to research a cryptocurrency project?
-Some secondary sources include summaries from reputable companies like Binance Research and Masari, while statistics can include user adoption metrics, social media engagement, and on-chain data.
How can the crypto media coverage of a project provide insights into its legitimacy and potential?
-Coverage by reputable crypto media outlets can indicate a project's legitimacy and potential, as these outlets typically report on projects that have significant developments or are of interest to the crypto community.
What is the importance of checking the documentation of a crypto project during the research process?
-Documentation is crucial as it contains detailed information about how the project works, its tokenomics, and future plans, which are essential for a complete analysis of the project.
Outlines
🔍 Cryptocurrency Research Guide
This paragraph introduces the concept of conducting one's own research to identify potential cryptocurrencies for investment. It emphasizes the importance of understanding the functionality and potential of coins and tokens. The speaker, Guy, promises to guide viewers through the Coin Bureau's research process, starting with identifying promising narratives for the next crypto bull market, such as AI, tokenized real-world assets, and decentralized social media. The paragraph also advises on narrowing down the vast number of available cryptocurrencies by focusing on those with low price tags, various market caps, and accessibility to retail investors, especially in the United States.
📈 Identifying Cryptocurrencies and Their Founders' Insights
The second paragraph delves into the process of identifying specific cryptocurrencies and the value of listening to interviews and presentations by their founders. It suggests starting with the oldest available content and working up to the present to gain a historical perspective. The paragraph highlights the importance of understanding the project's background, funding, and development plans. It also advises checking for official YouTube channels and live streams for hard-to-find content, and emphasizes the significance of these resources in evaluating a project's legitimacy and potential for growth.
📊 Secondary Sources and Adoption Metrics
This paragraph discusses the role of secondary sources and statistics in the research process. It mentions the value of summaries from reputable companies like Binance Research and Masari, as well as the importance of user adoption and activity metrics. The speaker recommends using platforms like CoinGecko, Token Unlocks, and Ico Analytics for detailed information on tokenomics and project development. The paragraph also covers the significance of social media engagement, on-chain adoption metrics, and the potential red flags indicated by a lack of transparency or consistency between different sources of information.
🗞️ Crypto Media Coverage and Project Blogs
The fourth paragraph focuses on the importance of crypto media coverage and project blogs in the research process. It lists key media outlets and suggests that coverage from these sources can validate a project's legitimacy. The paragraph advises on the value of blog posts from both the project and associated entities, such as software companies and nonprofits. It also mentions the use of internet archives to uncover deleted posts, which can provide insight into a project's history and transparency.
📘 Comprehensive Analysis of Crypto Projects
The final paragraph wraps up the research process by emphasizing the need to thoroughly review all resources associated with a crypto project, including the websites of related companies and nonprofits, and the project's documentation. It advises checking for transparency, consistency, and the presence of key information such as tokenomics and future plans. The paragraph concludes by summarizing the steps for effective crypto research, from identifying narratives to analyzing documentation, and encourages viewers to apply this process to curate a portfolio of promising cryptocurrencies.
📹 Conclusion and Call to Action
In the concluding paragraph, the speaker summarizes the video's content and encourages viewers to engage with the channel by liking, subscribing, and sharing the video. It reiterates the value of the provided research guide and offers additional resources for those interested in building a crypto portfolio. The paragraph ends with a thank you note and a sign-off, indicating the end of the video.
Mindmap
Keywords
💡Crypto Millionaire
💡Do Your Own Research (DYOR)
💡Cryptocurrencies
💡Narratives
💡Market Cap
💡Accessibility
💡Coin Bureau Club
💡Blockchain Explorers
💡Tokenomics
💡Decentralized Finance (DeFi)
💡Crypto Media
💡Blog Posts
💡Documentation
Highlights
The importance of conducting your own research in cryptocurrency investments to identify potential coins and tokens.
The necessity to understand the narratives likely to dominate the next crypto bull market, such as AI, tokenized real-world assets, gaming, and decentralized social media.
The strategy of narrowing down the vast number of cryptocurrencies by focusing on those with low price tags, diverse market caps, and accessibility to retail investors.
The Coin Bureau Club's role in weekly reviews of promising coins and tokens, providing members with exclusive updates and discussion channels.
The value of listening to interviews and presentations by crypto project founders for insights not found elsewhere.
The significance of checking secondary sources and statistics for project summaries, user adoption metrics, and social media engagement.
The use of blockchain explorers and tools like DappRadar and DeFiLlama to assess crypto project adoption and activity.
The potential red flags indicated by a lack of transparency in a project's social media engagement and on-chain metrics.
The role of crypto media in validating a project's legitimacy through coverage and mentions in reputable outlets.
The process of examining a project's blogs for historical milestones, technical issues, and future plans.
The importance of checking the documentation of a crypto project for critical information on how it works and its tokenomics.
The method of cross-referencing information from interviews, blogs, and documentation to ensure consistency and transparency.
The practice of using internet archives to uncover deleted blog posts and assess a project's attempts to cover up its past.
The examination of associated websites, terms and conditions, and privacy policies for official names and locations of entities behind a crypto project.
The final step of thoroughly reviewing all resources on a project's associated websites to identify inconsistencies and gain a complete analysis.
The Coin Bureau's approach to creating a curated list of cryptocurrencies with potential for significant growth, based on thorough research and analysis.
The call to action for viewers to subscribe, engage with the content, and share the video to help others in their crypto journey.
Transcripts
if you want to be a crypto millionaire
then there's only one thing you need to
do got about one thing your own research
after all getting rich in crypto
fundamentally involves identifying which
coins and tokens have the most potential
and the only way you can do that is by
understanding what they do and how they
work that's why today we're going to
tell you exactly how we research
cryptocurrencies here at the coin Bureau
my name is guy and by the end of this
video you'll have all the info you need
to find that next
1,000x stay
tuned before you do your research you
first need to identify which
cryptocurrencies are worth researching
to put things into perspective there are
literally millions of coins and tokens
out there mostly tokens obviously nobody
has the time to go through every single
one you need to narrow down the list the
easiest way to do this is to identify
the narratives that are likely to be the
biggest during the next crypto bull
market now if you watched our video
about the biggest narratives of the next
crypto bull market you'll know that
these likely include AI tokenized real
world assets gamey and decentralized
social media it's important to note that
this list is not exhaustive and other
big crypto narratives could emerge for
example decentralized physical
infrastructure AK Ka deep in has been
another big narrative as of late future
crypto narratives meanwhile could
include Quantum Computing which we also
did a video about link to that is in the
description now once you've identified
the narratives that you believe will be
the biggest then you want to make a list
of cryptos that fall into each of these
narratives and here's a pro tip most
Crypt tracking websites such as coin
market cap and coin Echo tend to have
lists of cryptos that fit into popular
narratives when making these lists there
are three things you need to be on the
lookout for first you want the coin or
token to have a low price tag this is
because most retail investors believe
that a low price tag means that the
crypto in question could pump more even
though it's the market cap that
determines its potential of course the
second thing to be on on the lookout for
is the market cap ideally you want to
create a list of cryptos for each
narrative that include a few large cap
cryptos a few medium cap cryptos and a
few small cap cryptos this should give
you a good range of risk and reward when
you put your portfolio together now for
reference large cap cryptos have market
caps of more than $1 billion medium caps
have market caps of more than $100
million but less than 1 billion and
small caps have market caps of less than
$100 million again it's the market cap
that determines the potential lower
market cap means more potential and this
leaves the third thing to look out for
and that's
accessibility you want to make sure that
all the coins and tokens on your list
are accessible to retail investors
particularly retail investors in the
United States logically the cryptos on
your list need to be accessible to
investors otherwise they'll have a
harder time pumping now once you've made
a list of cryptos that fall into each
narrative using these criteria you're
now ready to dig in and do some research
to figure out which ones are worth
holding in your personal portfolio it
goes without saying that this will take
a lot of time especially if your list of
cryptos is long and that is exactly why
we made the coin Bureau Club it's where
we do weekly reviews of promising coins
and tokens that fit into big crypto
narratives the cryptos we cover are
voted on by our members who also get
access to daily crypto Market updates
and exclusive Discord channels to
discuss crypto Trends and much more so
if you don't have the time to research
promising cryptos then become a member
of the coin Bureau Club using the link
in the description anyways the first
step to researching a cryptocurrency is
to listen to interviews with and
presentations by the founders of the
project over the years we've come to
find that these have been the most
valuable resources as they often reveal
important information that you won't
find anywhere else more importantly
Founders are often able to explain their
crypto projects in a way that the
average person can understand this can
not only help you understand the project
better when you dive into the document a
later on but it can also help you
identify how it's being pitched to
retail investors for instance the way
that salana was pitched during the
previous crypto bull market was that it
was a quote ethereum killer this gave
the impression that salana could become
bigger than ethereum even though this
never happened the speculation of the
possibility caused Soul's price to pump
like crazy now similar to creating a
list of cryptos that fall into specific
narratives you also want to create a
list of interviews and presentations by
crypto Founders that are worth listening
to the way we do this is to start with
the oldest videos with the founders that
we can find and work our way up to the
present day Pro tip see if the crypto
project has an official YouTube channel
if it does then you can often find
interviews and presentations there that
don't always show up in YouTube search
also be sure to check if there have been
any live streams on the channel as these
are also hard to find VIA search what
you're looking for in these interviews
is some information about the founders
background why they began building the
project in the first place how they got
it started I.E how much money they
raised and from whom how the project
works and what plans they have for it
going forward after listening to a few
interviews you should have a sense of
whether the project is worth researching
in depth it's safe to say that not all
crypto projects are that's why we always
start with the interviews if we get the
sense that the project is bad we won't
waste our time researching it further
and by the way if you're enjoying this
video so far be sure to smash that like
button to give it a boost subscribe to
the channel and ping that notification
Bell so you don't miss the next one now
the second step to researching a
cryptocurrency is to look at some
secondary sources and statistics these
include summaries of the project that
were written by reputable companies as
well as a few metrics in terms of user
adoption and activity including social
media engagement in our experience some
of the best secondary sources about
crypto projects come from binance
research and Masari also not to brag but
we too have highquality altcoin reviews
on our
website now for in-depth information
about iOS and tokenomics consider coin
gecko token unlocks and Ico analytics we
also like to look at websites like
crunch base to get a sense of the
entities behind the project in question
most crypto projects will have a
software company and a nonprofit
Foundation behind them websites like
crunchbase often contain information
about them including funding rounds and
hidden Founders regarding adoption
metrics meanwhile these include looking
at how many new wallet and active
wallets there are using blockchain
explorers looking at how many downloads
the crypto Project's browser extension
wallet has had if it has one looking at
dap usage on dap radar and dii tvl on
defi llama Pro tip try and see if you
can find the rich list for the crypto in
question if it's a token on a smart
contract cryptocurrency like ethereum
this should be easy to do using
explorers like ether scan if it's a new
layer
this might be more difficult but the
absence of this info should be taken as
a red flag likewise if you find that
most of a crypto's supply is held by
wallets which are not smart contracts be
careful because that means that these
whales could theoretically sell and
crash the price now the purpose of
reading through the secondary sources is
to get another rundown of the project
and check and see whether the
information is consistent with what you
heard in the the
interviews sometimes it isn't and this
is often because the secondary sources
aren't always that accurate similarly
the purpose of looking at adoption
metrics is to see whether the project is
truly growing as much as the founders
claim it is you'll find that Founders do
have a habit of exaggerating just how
much adoption their projects are seeing
so always verify this information
yourself as for social media engagement
we typically look at the number of
followers a crypto project has on
Twitter AKA X relative to the engagement
that each post is getting a high follow
account with low engagement isn't a good
sign nor is it a good sign if it's
inconsistent with onchain adoption
metrics and remember to check the
socials such as LinkedIn for the
companies and nonprofits involved in the
project too this gives you additional
information about where the crypto
project is based how many people are
working on it and just how transparent
it really is if you find that the
project socials have been dormant for a
while then it's probably dead or at
least close to it this can be easy to
miss if you only pay attention to the
price action which is often manipulated
by speculators even long after the
project itself has closed its doors now
assuming everything looks good good by
the end of this step you can proceed to
step three the third step to researching
a cryptocurrency is to see what the
crypto media has been saying about it if
anything if the crypto media hasn't been
saying anything about it then either
you're very early or the project doesn't
have much potential ideally there's at
least one mention of it somewhere for
context the crypto media Outlets we look
at the most are coin Telegraph coindesk
decrypt the block crypto slate and DL
News we consider these to be the most
reputable although each one comes with
its biases looking at all of them
together should give you a rounded view
of what's going on in crypto and the
same is true when it comes to assessing
the quality of a crypto project if it's
gotten loads of coverage from most or
even all of these media Outlets then
chances are it's legit otherwise well
they wouldn't have reported on it again
if there are no headlines at all your
either early or it's not as legit as it
seems more often than not you'll find
that one of these media Outlets has
reported about a certain crypto project
more than the others and that some of
the others have made zero mention of it
again this is due to the biases of each
of these Outlets which can give you
additional insight into the project
itself you'll have to Dy about these
crypto media biases on your own time Pro
tip though look into who owns owns them
and funds them now if the crypto project
you're analyzing has passed the sniff
test of the crypto media then you're
ready for step four which is to dig into
the blogs of these projects we say blogs
because most crypto projects have blog
posts scattered between various
platforms such as medium this can be
very annoying when it comes to trying to
put together a picture of the Project's
historical Milestones but it's something
you must do to get a sense of how far
it's come and where it's going not
surprisingly most of the crypto media
headlines come from these blog posts as
such you could say that looking at
crypto media headlines is analogous to
looking at the secondary sources about a
crypto project both give you a sense of
the lens through which the rest of the
crypto industry views this coin or token
along with the transparency of this
project or the lack thereof anyhow blog
posts are extremely useful because like
interviews they often reveal important
things that you won't find anywhere else
these include previous technical issues
additional funding rounds future
milestones and additional amas with the
founders for us here at the coin Bureau
the most valuable part of looking at
blog posts has been discovering other
promising crypto projects in the same
narrative this is how we've come across
most of the projects we review for our
members in the coin Bureau club and
remember the link to that is in the
description now as with the interviews
and presentations we always start from
the very beginning and work our way up
to the present this can naturally be
extremely timeconsuming but again it's
often well worth it and if you want to
go the extra mile you can pull up
internet archives to see if any blog
posts have been deleted this can give
you a sense of whether the project has
been trying to cover up its past spoiler
alert many of them do but many of them
also forget to scrub their old blogs on
medium and elsewhere finding these
abandoned blogs can likewise give you
insight into the true quality of the
project and here is another Pro tip
remember to check the blog posts of all
the entities involved not just the
crypto project itself this means
checking the blog posts of the companies
and nonprofits involved too okay by this
point you probably know whether it's
worth following through with step six
which is to go through every single
resource on the crypto projects
Associated websites these include the
website of the software company and the
nonprofit organization and the crypto
project itself we typically start off
with the websites for the company Andor
nonprofit organization as they tend to
have have the least information
sometimes you can't even find a website
for these entities which can be
frustrating make no mistake a lack of
transparency by these entities is always
a bad sign when you find the websites
for the companies or the nonprofits then
the first things you should check are
the terms and conditions and the Privacy
policies these often reveal the official
names of the entities behind the crypto
project as well as their location
if you can't find this info that too is
a bad sign now when I say go through
every single resource I mean clicking on
every single link you can find to see
where it takes you and what information
it reveals most of the info you come
across should be consistent with what
the founders have said about the project
and the other primary sources you found
in other words it's likely to be a very
surface level overview of the project
even so it should give some more
information regarding things like
tokenomics key features and future plans
as with the founder interviews be sure
to take note of how the Project's
website portrays it to investors as a
rule of thumb the project should make it
clear that its purpose is to address a
particular pain point in the niche or
narrative that it's in at this point in
crypto's evolution the idea of general
purpose blockchains that can do
everything and more is is becoming less
and less viable and less believable in
plain English it appears that each
cryptocurrency is starting to have a
single Focus those that claim to have
multiple points of focus are likely to
be less competitive on all fronts at the
very least they're unlikely to stick out
compared to other projects in the niche
which explicitly State what their roles
are now at some point during your sweep
of the website you will come across the
crypto projects documentation from our
perspective this is the most important
source of information now while the
documentation can be intimidating from a
technical perspective you must go
through it all you'll be surprised to
find that the beginning of each section
of the documentation tends to be written
in a way that anyone can understand if
the documentation is missing critical
information about how a crypto project
works or its tokenomics then that is a
massive red flag that you need to take
note of pro tip if the documentation has
a search function use this to try and
find any answers to any questions you
may have about the project most
documentation will have an FAQ section
or a glossery of key terms that can have
the answers if not you should be able to
find them with the right search inputs
now to wrap it all up let's take it from
the top start by compiling a list of
cryptocurrencies that fit into
narratives that are likely to be big
during the next crypto bull market pay
attention to the price tag the market
cap as well as the availability of this
crypto on centralized exchanges next
watch interviews with and presentations
by the founders of the projects get a
sense of what the crypto is how it works
why it was made and where it's headed
next pay attention to the way the crypto
is being pitched and whether this is
something that retail investors would
understand then look at what secondary
sources have to say about the project
starting with websites that have
trustworthy altcoin summaries such as
the coin Bureau and then pivot to see
what the crypto media has to say if
anything pay attention to anything that
suggests the crypto project is opaque in
any way after that dig into the blogs
related to the project remembering not
to forget that most crypto projects
often have a software company and a
nonprofit behind them pay attention to
any blog posts that contain information
about future milestones and other
promising crypto projects and finally go
through all the websites associated with
the project you're researching from top
to bottom taking note of any
inconsistencies with other primary
sources such as founder interviews and
the blog pay attention to the
documentation as it will contain all the
information you need to have a complete
analysis once you've gone through this
process with every crypto on your
initial list you should end up with a
few coins and tokens that could Moon and
are therefore worth adding to your
portfolio and if you need help making
your crypto portfolio well we happen to
have a video about that too and the link
will be in the
description and that my friends is all
for today's video so if you found it
helpful help us out by Smashing that
like button if you want to keep getting
this helpful crypto content then
subscribe to the channel and ping that
notification Bell as well and if you
want to help others in their crypto
Journey take a second to share this
video with those who might find it
useful thank you all so much for
watching and I'll see you next
[Music]
time
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