Today I’m writing about how to learn to do your own research. It might not be as obvious to some as it is to other. Enjoy.
There’s a common theme in the cryptocurrency community of people looking for handouts and not doing their own research.
But, on Twitter the other day, I was asked a serious question.
Someone asked, “How does a noob like me begin to research? What variables should I look at? Where do I look?”
I didn’t realize that some people might not know these things, as I have been a decent researcher even before getting involved in the cryptocurrency world.
Beginning to Research
When you start to research in the crypto realm, you need to be aware of specific tools. Here are a few I use regularly.
CoinMarketCap
Coin Market Cap (CMC) has a list of the top coins and the majority of their specs, including Market Cap, Supply, Exchange Listings, Websites, and more. If I am researching a new coin, this is usually where I start to get some basic information on it. This site is pretty reliable in my opinion.
2. CoinMarketCal
Coin Market Cal is basically a good site to learn about the events and news going on in the near future for specific coins. I like to browse this every few days to learn about anything new that might come up in the space.
Disclaimer: CoinMarketCal is not always 100% reliable. Always research more.
3. Reddit (r/Cryptocurrency)
While Reddit is also not the most reliable source of information, there are a lot of people having conversations about cryptocurrency and bitcoin on the site. There can be some good information on there, then there can also be complete trash. People like to spread their opinions around and are very vocal about this. Take everything with a grain of salt and only use what you find useful for building your own opinion of a coin/project.
Please, don’t just blindly follow some random dudes advice on the internet (this goes for Twitter too).
4. Google
Sad I have to say this, but yes, Google is your friend. When you’re looking for more info on a specific coin, search in google and see what you can find. I have no doubt there will be trash opinions when you search (just like everywhere else), but again, find what works for you and build your own opinion.
If you even have a basic question about crypto, just search it. I’m sure someone has asked it before and there are tons of answers.
5. Investopedia
Investopedia can be a great source when you are first starting out to learn basic investment terms. Sometimes it might feel like you’ve stepped into a whole new dimension, and you have. If you have specific questions about what something means, head there or ask google.
6. Trading View
Trading View can be a great place to watch other people chart different concept and practice TA when you begin to learn. It’s pretty much a social media platform specifically for charting stocks and cryptocurrencies. I’m a big fan.
7. Twitter
While Twitter is also very similar to Reddit (it’s filled with people’s opinions), it can also be a legit source of information if used properly. There are lots of awesome traders who share their wisdom and expertise for free. If you pick from their methods and use what work for you to build your own strategy, you can improve your ability to trade crypto.
Some of my favorite are:
CryptOrangutang
CryptoBirb
TheCryptoDog
BitcoinBravado
Crypto_Rand
There are a ton of great profiles, but there are some of my favorites. I’m probably missing a lot, but there guys are unbiased and a lot of them have great TA.
Read More ...
https://medium.com/@CryptoShillNye/cryptocurrency-a-noobs-guide-to-doing-your-own-research-dyor-c96958cf74a8
