Gm guys,
You can be rich at this moment and get broke the next moment If you fail to learn this,
I don't think the first thing to learn as a newbie in this space is community management, being a moderator or a technical analyst.
How to do Fundamental Analysis in Crypto (Newbie’s Edition, 101):
Just because I said newbies doesn’t mean you that have only been farming airdrop since 2021 shouldn’t know this.
In short,
If you are in these categories, this thread is for you;
-Job hunters
-Degenerates
-Collab Managers
-Shillers
-Airdrop hunters
-This-bullrun-must-make-me-a-millionaire
Why?
Just before the bullrun is when fundamental analysis works best.
Doing it right, you get to spot the early 10-1000x before others do because during the bull run, it’s all FOMO & hype.
The pump will be everywhere & by then, you won’t have the patience to start to do any analysis. There will be too much noise.
So, fundamental analysis helps you separate the crypto gems from the crypto tears.
Having said that, let's dive into the art of fundamental analysis – my secret sauce to deciphering those 100Xs!
Mind you, this is my forte & in using this, i made my first $200k in 2021’s bullrun;
#1 Investigate the Project:
First things first – dig into the crypto project.
Read that whitepaper like a detective.
What problem does it solve?
Is it a game-changer or just another fish in the crypto sea?
#2 Team Check:
Who's steering the ship?
A dream team?
Experienced devs and strategic advisors? A project is only as strong as its crew – know them well!
#3 Tokenomics:
This is very important!
How many tokens are circulating?
What's the plan behind it?
The inflation/deflation rate & mechanism.
Tokenomics is the heartbeat of a crypto project – make sure it's strong!
More on tokenomics: https://t.co/GrtdZv4COJ
#4 Real-Life Use and Adoption:
Is it more than just a fancy tech?
Look for real-world use cases and adoption.
Partnerships and collaborations?
The more, the merrier!
#5 Competitors:
Know your crypto's rivals.
What makes it stand out? What’s their unique selling point?
A bit of healthy competition never hurt anyone!
#6 Regulatory Check:
The rulebook matters!
SEC, CFTC, DOJ all matters 😂.
How's the crypto/project playing by the regulations? A safe journey often starts with a clear path.
With compliance checked, a clear path is assured.
#7 Community Vibes:
Join the party! Check out the community. Active and buzzing?
Social media, forums – wherever they gather, join in! The health of the community tells you where the project is going to.
And I literally mean health😭.
In the bullrun, an average web3 is nuts!
That’s what you want to see.
#8 Partnerships:
Who's the crypto/project rubbing shoulders with? Partnerships and collaborations add serious street cred.
For this bullrun, look for partnerships that go beyond the norm. If a partnership news is put out, cross check on both party’s websites.
The stronger & bigger the partnerships & partners, the better for your bags.
#9 Financial Strength:
Time for a financial health check.
How are funds managed?
What’s the revenue model like?
Sustainable enough to pay miners (in case of L1s), team & investors without inflating their tokens?
A strong financial structure is the backbone of a crypto's success.
#10 Technical Analysis:
Hear me out first. I know I said this is just a fundamental analysis tip but here’s the technical aspect of fundamental analysis😅.
Trends, volumes, indicators – all help you tell the inflow & outflow of liquidity into & out of a crypto.
it's like reading the crypto crystal ball!
Remember, each crypto journey is unique.
Consider these tips as your treasure map, how you navigate the sea is up to you!
Stay curious, stay informed, and stick to your financial plan!
Bonus tip: Onchain analysis is another thing you might want to delve into.
I have helped you out with your first step: https://t.co/HU2MDgyiPp
Cheers CX🌍,
Don’t forget to retweet, like & follow @quimer_ for more content like this.
Gm guys,
You can be rich at this moment and get broke the next moment If you fail to learn this,
I don't think the first thing to learn as a newbie in this space is community management, being a moderator or a technical analyst.
The first things to learn are;
PATIENCE and
FINANCE MANAGEMENT.
Proper psychology on this gives you an edge into the market and web 3 at large to avoid surplus and to manage liquidities.