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Crypto: Difference between revisions
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(Created page with "Crypto is the most dangerous and potentially most lucrative asset class. It is an unregulated wild west in which both gold and bandits exits. In no other asset class are nar...") |
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==== Do you have any crypto investment ideas? ==== | ==== Do you have any crypto investment ideas? ==== | ||
There are some projects that look interesting at first glance into which i like to look into more details. | |||
Those are | |||
* [https://www.gelato.network/ Gelato] | |||
* [https://alchemist.farm/ Alchemy] - Didn't check for a while | |||
* New Blockchains. Blockchains are getting better. Catching new and upcoming ones early can be a great opportunity. | |||
== How to analyze crypto projects == | |||
The process of analyzing crypto projects is similar to analyzing stocks with the differences that | |||
* You need to be way more critical | |||
* You need to get closer to the team. Get in contact, try to join their dao | |||
* Learn some basic concepts about smart contracts, see if they are audited and make sure there are no exploits. (Article to be written on exploits) | |||
* Understand that narrative and hype play a bigger role in sudden valuation changes | |||
* Understand that there are a lot of bad actors | |||
* Understand the stage of a project. A lot of "projects" are mere concepts. Did the team actually develop something that is working or are they selling promises? | |||
* Understand how you can track money flows onchain (Article to be written on that topic) | |||
What is similar to investing in stocks | |||
* Look for great real life use-cases with large markets. There are indeed revolutionary and brilliant technologies. Try to understand which technology has the potential to make a real impact. Focus on technologies which are easily adopted and make things simpler opposed to more complicated/impractical. | |||
* Look for great teams. Those are people who are in the game due to passion, not for the quick buck and proved their capabities. | |||
* Look for moats. Why is one team/project winning over the other? | |||
* Look for sustainable finances and tokenomics. | |||