How to discover the deep side (1)
The
purpose of writing about these topics is not to provide investment
advice.
But we try to find tools that help us develop a
new and different way of thinking and be able to see the deep side of
the crypto and blockchain worlds.
We are just trying to answer the
question of how the cryptocurrency can be valued.
In the
beginning, if you are new to crypto and the blockchain field, you
need to try to learn some information about this field.
I
think it is important to follow the cryptocurrency news and try to
understand the basic things and terms in the world of crypto and
blockchain.
There are many websites, blogs,
YouTube, Telegram, Twitter, and Discord channels that explain
blockchain concepts to those interested in cryptocurrency.
In
many languages, you will find what you want, whether you speak
English, Arabic, Spanish, French, or another language.
This is a very good start to putting your feet in this world. But the question now is, "Is that enough?"
It's not enough. But this is just the
beginning. In fact, not everything you read about news, analysis, and
opinion is true.
In the end, what you read is just
someone's opinion. You should be able to form your own opinion.
Let's see an example of an educational website. This website,
https://academy.binance.com/en
On
this website, you will find many articles and explanations about
various concepts of blockchain and cryptocurrency.
There are
many other websites out there, and this is just an example.
Another popular and good website that helps you learn a lot about cryptocurrencies
https://coinmarketcap.com
Now,
if you are interested in a cryptocurrency, what is the suggested
first step?
Search
for a cryptocurrency website.
Read everything you find on the site, read the documentation, check the links, and if you can, check the app itself.
If there are links on social media, check them also.
Try to collect as much information as possible, analyze and arrange what you read, and if you find a term or something incomprehensible, search for its meaning on the internet.
Another point is the cryptocurrency project team.
It is important to know the team that is working on this project.
Sometimes team members are mentioned on a cryptocurrency website or related project.
Or if there is a LinkedIn link, you can see the LinkedIn page and know the team members.
Now you can evaluate the skills and experience of the team associated with the cryptocurrency project.
But you will find some problems in many countries cryptocurrency is illegal
So many team members hide their identities and do not give information about them or their real names.
Therefore, you cannot collect information about them or know anything about their experiences and capabilities.
Another point Some people know that whoever wants to invest in his cryptocurrency will search for and want to know the members of the team working on the project.
So sometimes a cryptocurrency project is eager to get employees with master's degrees, Ph.D.s, great names in the crypto field, or who have previous experience in large companies.
Therefore, whoever sees the team will be convinced that this currency has a future and that this is a strong team and start investing their money in this cryptocurrency.
This may generate the wrong impression.
Don't think that when you see the bright names, it's a good project; maybe it's not.
How
do others see this cryptocurrency and its project?
Another point
By following various
Discord channels, Telegram, Twitter, Facebook, forums and websites,
YouTube channels, and the comments and interests of other investors.
You should keep track of the cryptocurrencies you are interested in.
This cryptocurrency may not be a good project, but because of people's interest, optimistic talk, and high expectations for it, it may eventually really rise in value.
Thus, it would be a good investment, at least in the short term
People's opinions and feelings towards any cryptocurrency are very important and may be a factor in determining its price in the near term, even if their opinions are based only on their feelings and not on a solid foundation. You can use this to make profits.
To be continued
