How To Research Crypto In 2024: Ultimate Guide!!

Summary

This 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

00:00

🔍 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.

05:00

📈 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.

10:01

📊 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.

15:01

🗞️ 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.

20:02

📘 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.

Keywords

💡Crypto Millionaire

A 'crypto millionaire' refers to an individual who has accumulated a net worth of one million dollars or more through investments in cryptocurrencies. In the context of the video, becoming a crypto millionaire is the ultimate goal for many investors, which is why the video focuses on research strategies to identify potentially profitable crypto investments.

💡Do Your Own Research (DYOR)

DYOR is a common phrase in the cryptocurrency community, urging investors to conduct their own research before making investment decisions. The video emphasizes the importance of DYOR as a fundamental step in understanding and evaluating the potential of different cryptocurrencies.

💡Cryptocurrencies

Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate independently of a central bank. The video discusses various aspects of researching and identifying which cryptocurrencies have the most potential for growth and investment.

💡Narratives

In the context of the video, 'narratives' refer to overarching themes or trends within the cryptocurrency market that are likely to gain significant attention and influence during the next bull market. Identifying these narratives is a key step in narrowing down the list of cryptocurrencies worth researching.

💡Market Cap

Market capitalization, or market cap, is the total value of a cryptocurrency's circulating supply and is used to determine its relative size in the market. The video mentions market cap as a critical factor to consider when evaluating the potential of a cryptocurrency, with lower market cap often indicating higher growth potential.

💡Accessibility

Accessibility in the video refers to the ease with which retail investors can buy, sell, and trade a particular cryptocurrency. Ensuring that the cryptocurrencies on an investor's list are accessible, especially for those in the United States, is important for liquidity and potential price increases.

💡Coin Bureau Club

The Coin Bureau Club is a membership service mentioned in the video that offers weekly reviews of promising coins and tokens, as well as access to market updates and discussion channels. It is presented as a resource for investors who may not have the time to conduct extensive research themselves.

💡Blockchain Explorers

Blockchain explorers are tools that allow users to explore and analyze data relating to blockchain transactions. The video suggests using blockchain explorers to assess adoption metrics, such as the number of active wallets, which can indicate the level of user engagement with a cryptocurrency.

💡Tokenomics

Tokenomics refers to the economic aspects of a cryptocurrency, including its distribution, supply, and utility. The video highlights the importance of understanding tokenomics when researching a cryptocurrency, as it can provide insights into the project's financial model and long-term viability.

💡Decentralized Finance (DeFi)

DeFi is a term used to describe financial services that are built on blockchain technology and operate without traditional intermediaries like banks. The video mentions DeFi as one of the potential narratives for the next crypto bull market, indicating its growing importance in the cryptocurrency space.

💡Crypto Media

Crypto media refers to news outlets and platforms that focus specifically on cryptocurrency and blockchain-related news. The video suggests that the coverage a cryptocurrency project receives from crypto media outlets can be an indicator of its legitimacy and public interest.

💡Blog Posts

Blog posts are written articles or entries that are used by crypto projects to communicate updates, milestones, and other information to their community. The video emphasizes the value of reviewing blog posts as part of the research process, as they can reveal important historical and prospective details about a project.

💡Documentation

In the context of the video, 'documentation' refers to the official documents provided by a crypto project, which typically include whitepapers, technical papers, and FAQs. These documents are considered the most important source of information for understanding how a project works and its underlying technology.

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