[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 44 KB, 400x400, 80 grams of marmalade_ Hotline Miami 2 _ SCATTLE remorse (CARPENTER BRUT rmx) CARPENTER BRUT roller mobster (SCATTLE rmx) SCATTLE bloodline (M_O_O_N's extra cheese mix) M.jpg [View same] [iqdb] [saucenao] [google]
13910870 No.13910870 [Reply] [Original]

I want to invest in blockchain projects that are here to stay. I care about solid projects for long term gains.

What are good sources of information to do my own research and learn about good projects?

Say for instance I'm interested in a specific project because of the business idea. How do I learn more about the project to understand if they are mostly focusing on shilling their bags or if they are actually working seriously?

How to go deeper? What are your strategies?

>> No.13910910

>>13910870
Look at everything. What is the project about. What is the coin/token used for. Look at the team. Have they made anything? A software wallet, maybe. I download and take a look at it. Look around their social media, Discord, Telegram, etc. That's how you do research. Not by being a lazy cunt and asking on /biz/.

That's how I know Chainlink is a scam. They haven't made anything. They didn't do anything in two years except announce "partnerships", which is what master Chinese scammer Justin Sun does with his scam project.

>> No.13910927

DYOR about DYOR

>> No.13910929

>>13910870
Read the whitepaper first. Don't discount the ever fickle crypto trading environment. Shit that moons in one era will get wrecked the second - context is everything and in crypto it is difficult to gauge.

>> No.13910939

>>13910870
nice pic dumbfuck

>> No.13910943
File: 70 KB, 356x400, 1559065262287.jpg [View same] [iqdb] [saucenao] [google]
13910943

>>13910870
Take acid, and tap into the akashic records, that's one way to tell which coin/token is the right choice.

>> No.13910977

now that we're bull again, expect the "read the whitepaper" and "DYOR" memes to make a comeback. it's all bullshit, as well as the "buy projects you believe in" which makes no sense whatsoever considering you already know that you want to buy something, so your bias is that you want to find something to believe in because you want to buy something because you really just want to make money.

the only two paths to success in this shit are...

1) hold a portfolio of like 50% btc, and the other 50% divided among the top 10 shitcoins
2) study and practice technical analysis for a few years, preferably with a teacher, and use only a small trading portfolio while still doing #1

Reading a whitepaper isnt going to do anything for you, it's like a salespage of best-possible-outcomes, disguised as an impartial scientific paper.

>> No.13910999

>>13910910
This is good advice, and I am actually invested in Chainlink and would like to find solid grounds to keep giving them trust. I have a +300% gain in value from my initial investment but that doesn't mean anything in long term. I'm in their telegram but yeah I could put much more effort in understanding what they are actually doing and what's the technical progress.

Then, apart from technical progress and innovations, one has to study tokenomics... With hundreds of projects around, it would be a full time job for months before taking any decisions.

It's years since I'm interested in IOTA but I never invested in it because I can't find time and energy to actually find good sources of information other than their website

>> No.13911004

>>13910927
kek

>> No.13911018

>>13910870
you should study data structures and algorithms.

for example, the iota retards are always going on about their DAGs (directed acyclic graphs). if you understand this data structure you would know the viability of the system.

>> No.13911023

>>13910977
Sadly I think you are right and that's what I'm doing, apart from trading... And well, replacing 50% btc with 50% eth (bth is among other tokens in the other half).

Sometimes I feel like I should put more effort but then I always give up

>> No.13911036

I'll let you in on a secret anon, there are a couple hundred very low market cap coins that are largely ignored for not being sexy enough in the crypto space, there a many that are actually reasonably paced and backed by actual buisnesses or goods that still have huge room to expand. Its always a good purchase to buy things that are undervalued, while you can make the argument that ripple is overvalued there is no way that carat coin which actually owns real diamonds and is producing tech for the industry is fairly valued at like 20mil mcap, or agrocoin which actually completed a cross nation agricultural trade using the system is fairly valued at 10mil mcap. Literally just go to cmcap and start shifting through the shitiest shitcoins you can find and bouncing keywords off each other on google until you find coins backed by actual money and then go make yourself a millionare with the zero risk trading.

>> No.13911051
File: 8 KB, 225x225, Consider.jpg [View same] [iqdb] [saucenao] [google]
13911051

>>13910870
Easy:
>ask yourself if the project makes sense and solves an actual issue = AVOID DUMB IDEAS
>does it need a blockchain to do so? = AVOID OPPORTUNISTS
>check the coin distribution (is it fair? how much do VCs and the team own and for how much did they buy it?) = AVOID GREEDY SCUMBAGS
>skim through the whitepaper = AVOID IDIOTS
>check the team = AVOID INDIAN/CHINESE SCAMMERS
>double check key team members with google (search for their background, past ventures and projects) = AVOID FAKE TEAMS/LIARS
>check if they have a demo/MVP that everyone can test = AVOID EMPTY PROMISES
>check if they deliver (at least partially) what they promised in the past = AVOID VAPORWARE

Once you've done all of that buy Nimiq and become rich because they do all of that and better while being absolutely underrated and underpriced.
>https://safe.nimiq.com/?onboarding=signup
>https://nimiq.com/whitepaper/

>> No.13911088
File: 32 KB, 461x380, rigby.jpg [View same] [iqdb] [saucenao] [google]
13911088

Apply classical fundamentals
>What is its inherent value and purpose?
>Is this purpose something practical?
>Is it something novel? Has it been built before and if so, what is it improving on in a practical way?
>How expandable is it?
>Will it genuinely be expanded upon? Is the team routinely delivering on its goals?
Add to that some basic crypto fundamentals
>How centralized is its blockchain?
>How centralized is its supply? For that matter, what is the max supply or the circulating supply?
>How does it improve upon Bitcoin in a novel way?
>Are these improvements something practical?
>If it is in a saturated space (i.e. TPS or dApp platforms), how do they stack up to their competition?
>What is the difference between its hype (a negative) and its progress (a positive)? All hype and no progress is no good.
>What is its community like, from the leaders of the project to the people that hang out in their dedicated social media platforms? Read the id.

>> No.13911091

>>13911051
Thank you

>> No.13911104

>>13911088
Thanks, I think this already helps a lot as a first filter

>> No.13911105

only 3 coins performed well during btc sell offs, dyor

>> No.13911120
File: 19 KB, 437x431, 24B335E3-514D-4830-B501-FD304BDCF7C1.jpg [View same] [iqdb] [saucenao] [google]
13911120

>>13911036
This

>> No.13911138
File: 1.61 MB, 480x270, 68285EB1-BBFE-4BCC-9608-E1EA7BA281F2.gif [View same] [iqdb] [saucenao] [google]
13911138

>>13911088

>> No.13911243

>>13910870
First of all, USE YOUR BRAIN
is there any advantage of doing it decentrally whatever your coin tries to do, why are centralized structures bad for your use case.

2. Team, size and activity, you see that on their github activity, ignore all the people on their website, all that matters are the number of software enigneers / programmers.
I.e. bitcoin private, you can clearly see on their github there is no activity at all, they tried to shill it here to exit scam.

3. the past of the project and developers, were they involved in exit scams / fraud etc.

4. read the whitepaper and docs, bad documentation means bad software engineers, means failing project. ethereum for instance is pretty well documented (at least now).

5. unironically, ask /biz about their opinion, don't shill the coin just ask them what's wrong with it, why do they think it's bad. Further investigate on the issues mentioned, ignore the ones calling you a faggot.

6. the project is shilled hard on /biz or reddit, very likely to be an orchestraded PnD.

>> No.13911285

>>13910870
been at m.o.o.n. concert, really nice

>> No.13911455

>>13911243
Thank you, makes sense
>>13911285
Nice, I didn't hear anything from him after that series of mixtapes ~2 years ago

>> No.13911585
File: 118 KB, 1048x249, biz crypto.jpg [View same] [iqdb] [saucenao] [google]
13911585

>>13910977
I almost never post on 4chan. But I'm posting to let you know that I've screencaped your post, as it's a pretty accurate if not obvious sum up of the crypto market

>> No.13911635

Don't research anything. People invest based on their feelings so you want to do the same thing as everyone else to get into the biggest ponzi.

>> No.13912158

>>13911635
They are not 100% all ponzi scams though

>> No.13912240

>>13910870
That's the album cover of M|O|O|N

He did amazing shit for Hotline Miami's soundtrack

>> No.13912354

I look at the tokenomics: will the coin produce value for holders? I look at the service provided: who will use it and why would they? I look at their marketing: are they advertising? do they communicate with their investors? I look at the team: are they experienced? Are they scammers? Do they exist?

Bonus points if they're operating an actual business and provide revenues info

>> No.13912368
File: 310 KB, 427x576, 1557597389116.png [View same] [iqdb] [saucenao] [google]
13912368

Rule 1: never invest in asians with crossed arms
Rule 2: never invest in pajeets

follow these 2 simple rules and you're golden

>> No.13912439

>>13910870
use the shit coin and profess on it. only way
they all suck though bitcoin 2.0 is here. It's hard to do anything with no CS skills

>> No.13912904

>>13910870
First thing I do is look at the white paper and search for loopholes then try to ask hard questions in their channel. I observe the way they respond and experience has taught me points to cause skepticism. Afterwards, I look at their team and try to access how capable they are at bringing their product to adoption.

The most important thing however is to ensure their use case is valid and can be adopted by the masses without hassles.

This is why my current favorite project is ECOMI (https://www.ecomi.com) Long term hold for me.

>> No.13912982

>>13910870
Are you asking us how to thoroughly research a topic? Did you not learn this in high school?

>> No.13912999

>>13912368
>he missed out on matic

>> No.13913784

>>13912240
Yes he did

>> No.13913887

I basically just look for altcoins that are on their bottom right know and see if the websites looks good.

when the coin then pumps the normies check the website and will buy into the hype

>> No.13913890

there was one called bitcoin that launched in 2009, but you missed it. and then there was another one called ethereum that launched in 2015 but you also missed it, so basically you missed them all because the rest is pump and dump garbage bought and sold by people like you that missed the train and are desperate to find "the next big thing".
spoiler: there arent infinite opportunities. you missed the crypto train

>> No.13913925

>>13910910
>That's how I know Chainlink is a scam.
The simple fact that they are shilling constantly and aggressively is a sign that it's a scam.

>> No.13914076

>>13912982
No, I'm asking for sources of information, then I will apply my own research methodology. I have a PhD so I have some experience.

>> No.13914423

>>13913890
... I'm balls deep in ethereum though, I didn't miss it

>> No.13914470

>>13913925
>The simple fact that they are shilling constantly and aggressively is a sign that it's a scam.
But by this 'logic' BSV is a scam...its not

>> No.13914489

>>13913890
>the rest is pump and dump garbage
If you really think only btc and eth are legit you are very naïf

>> No.13914639

>>13910870
Okay so I saw FTM shilled here months ago. Years of /pol/ help me to see who's a pajeet shill and who's a legit anon; I see 50/50 honesty and pajeetshillery with FTM

I want to know the history of the project. Is it another ICO that raised too much money and now can't deliver? Do they have a Vitalik? A Sergey? Even a CSW? How much of an asian hustle is it? etc

Hop on YouTube, watched a long-ass interview with Andre Cronje, and I only felt comfortable to buy when I heard him legitimately shit-talk Fantom when he was asked about problems. No hesitation, no sugar-coating, just straight up naturally talked about how they had a scammer hanging around when he first got on, he said cronyism is still a huge problem, he straight up said there were fights (fistfights implied) when they were determining how to get the tech started...all of it.

I got the same feeling I had when I watched Sergey Nazarov explain why chainlink was necessary (on Youtube)

tl;dr find a project with an autist and then get on YouTube and determine whether the autist is legit or fraud by listening to his voice

>> No.13914768

>>13914489
true, only bitcoin is legit. eth is also pump and dump garbage. stay deluded shitcoiner

>> No.13914921

>>13914768
Lmao

>> No.13915321

>>13914639
>I see 50/50 honesty and pajeetshillery with FTM
It seemed more like 5/95 to me