HOW TO DYOR: Our Crypto Research Methods Revealed!!

Summary

In this video, Guy from Coin Bureau teaches viewers how to conduct their own cryptocurrency research effectively. He outlines key steps such as verifying a cryptocurrency's market activity, gathering information from reputable sources like Misari and Binance Research, and scrutinizing a project's tokenomics. Guy also recommends watching interviews with project founders and exploring a cryptocurrency's documentation and roadmap. By using a blend of reading, watching, and repetition, viewers can improve their investment decisions and potentially capitalize on emerging opportunities in the crypto space.

Takeaways

• 😀 Cryptocurrency research is crucial for making informed investment decisions and understanding the market.
• 😀 You must verify if a cryptocurrency is economically active before diving into further research.
• 😀 Platforms like Coin Market Cap and Coin Gecko help you check if the cryptocurrency is alive with genuine trading volume.
• 😀 ICO tracking sites like ICO Drops help assess a project's past but may not be completely accurate regarding capital raised.
• 😀 Don't rely solely on third-party sources like Misari and Binance Research; always cross-check the information.
• 😀 Interviews with key figures behind a project offer unique insights that aren't always available in other resources.
• 😀 Use resources like YouTube to find interviews with the project's CEO or founders to clarify technical details.
• 😀 Check the project's LinkedIn profiles to verify credentials and ensure the individuals involved have legitimate experience.
• 😀 Review a cryptocurrency's documentation and whitepaper to understand its core mechanics, tokenomics, and future plans.
• 😀 A roadmap and blog are essential for understanding a cryptocurrency’s trajectory, but interviews with founders often provide more insight.
• 😀 Regularly check news outlets like Cointelegraph, Coindesk, and Decrypt to stay updated on a project's developments and market presence.

Q & A

What is the most important aspect of investing in cryptocurrency?

The most important aspect of investing in cryptocurrency is doing your own research. This helps you understand which cryptocurrencies to invest in, when to buy and sell, and how to educate others about cryptocurrency.

How can you determine if a cryptocurrency project is economically active?

You can check the economic activity of a cryptocurrency by visiting websites like Coin Market Cap or Coin Gecko. Look for active trading volumes, price action, and whether the token is listed on reputable exchanges. Low trading volume or dead markets could signal an inactive or unreliable project.

What resources should you use to begin your cryptocurrency research?

Start with resources like YouTube, Misari, Binance Research, and ICO tracking sites like ICO Drops. These platforms provide valuable information about the project's history, tokenomics, and future goals.

Why is it important to check YouTube interviews with cryptocurrency project founders?

Interviews with founders can provide insights that aren't available in written materials. They help clarify technical aspects of the project, reveal future plans, and give a sense of the credibility and passion of the project's team.

What role do ICO tracking sites like ICO Drops play in cryptocurrency research?

ICO tracking sites like ICO Drops provide historical data on how a project raised funds and how tokens were allocated. They help you spot any changes in the project's course and whether it has moved away from its original goals.

What is 'tokenomics,' and why is it important in cryptocurrency research?

Tokenomics refers to the economic model of a cryptocurrency, including how tokens are allocated, distributed, and used. Understanding tokenomics is crucial because it tells you who controls the majority of the tokens and whether there are any risks of the founders manipulating the market.

How can you verify if a cryptocurrency's token allocation is fair?

You can compare data from ICO Drops and Misari to ensure token allocations are balanced and that most tokens are in the hands of the community, rather than the project founders. If most tokens are with the founders, it could result in them selling off tokens when the price increases, affecting the token's value.

What should you focus on when checking a cryptocurrency’s official website?

When reviewing a cryptocurrency’s website, avoid getting bogged down by vague platitudes. Instead, focus on specific, factual details about the project's tokenomics, tech, consensus mechanisms, and road map. The content should help clarify any questions or uncertainties you have.

What is the importance of reviewing the project's roadmap and blog?

The roadmap outlines the future goals of a cryptocurrency project, while the blog provides updates on the progress. By examining both, you can see if the project is delivering on its promises and whether its future goals are realistic and achievable.

How do you check if a cryptocurrency has been covered in the media?

Search cryptocurrency news sites like Cointelegraph, Decrypt, and Coindesk to see if the project has been mentioned. Lack of media coverage is not always a negative sign, but it’s important to be aware of how the media covers the project.