Here are 50+ questions I ask before I invest in any #crypto
This checklist is my ultimate secret for finding high-quality crypto #alts and not getting rekt on shitcoins and it's yours, free ๐
1/16
โโ Funding โโ
I always look at funding first. If a project has no runway in a bear market it's dead in the water. It's a challenge to dig up these answers sometimes but my first steps are always Google and ask the team directly on their Telegram or Discord.
2/16
โโ Team - General โโ
The best place to find this info is on the team's website, socials and of LinkedIn. Also, just asking on their Telegram or Discord.
3/16
โโ Team - Developers โโ
Check LinkedIn for previous dev experience and @Artemis__xyz to see how active they are on GitHub. If they aren't on Artemis you can check GitHub directly. How recent a commit is is more important than overall commit frequency though!
4/16
โโ Do they earn fiat outside of crypto? โโ
This info is usually found on the project's whitepaper or website, if you can find it there ask on their Telegram or Discord.
5/16
โโ Tokenomics - Value Accrual โโ
Same as above but you might need to do some math to answer these. If you don't want to do the math, as their community on Telegram/Discord.
6/16
โโ Tokenomics - Investors โโ
Same as above, check their whitepaper but you can also google for investor info. Keep in mind VCs don't always buy presale, sometimes they accumulate from the spot market just like you. Not necessarily a bad thing but worth considering.
7/16
โโ Community โโ
Community is arguably more important than tokenomics. A lot of projects rally based on community alone. The only way to know if the community is strong is to spend time in their Telegram or Discord and see how good their Twitter engagement is.
8/16
โโ Use Cases โโ
Check their website and whitepaper for this. Use case is important for long-term growth. Bonus points if the use case is valid in a bear market.
9/16
โโ Roadmap โโ
Projects usually publish roadmaps on their website or on their blog. If you struggle to find it just ask on their Telegram or Discord.
10/16
โโ Users โโ
These are not always easy to answer but the best place to look is in their Telegram or Discord. Do they update often? Is the team active in the community? Are there positive vibes on Discord? Are haters shouted down by holders?
11/16
โโ Competitors โโ
Competitor research is difficult by necessary. You find this info by looking at competitor whitepapers, sites and their communities.
12/16
โโ Risks โโ
A lot of these can be answered while you are doing competitor research or answering questions in other categories. Whitepapers, websites, Telegram/Discord and general knowledge of the sector are all useful for answering these questions.
13/16
โโ Current Value โโ
The most important question is if the project is undervalued. I use all of the above questions to determine this along with game theory and Keynesian value investing theories which I will cover in another thread.
14/16
It's important to note that you will never be able to answer all of these questions for each project but the more you can answer the better. Also, not every answer has to be positive in order to consider investing but too many red flags obviously increase risk.
15/16
I hope you've found this thread useful. Follow me @LadyofCrypto1 for more and please like/retweet the first tweet below if you can ๐
BTC and alts are down bad, and you've been lied to ๐
Is it time to panic? Nahhh.
I'll show you why below ๐
1/11
๐ฆ BTC Pre-Halving Dip ๐ฆ
In both 2016 and 2020, BTC had a pre-halving dip!
BTC dipped 30% shortly before the halving in 2016 and 20% in 2020!
This halving it has only dipped 17% so far.
2/11
๐ฆ TOTAL2 Pre-Halving Dip ๐ฆ
TOTAL2, which measures the total market cap of the top 125 alts, dipped over 50% in 2016, depending on where you count from and 23% in 2020.