I wrote the guide below for an investment group that I run amongst my circle. I teach them about stocks and crypto.
The guide below is not complete, but it does help with your beginner journey. Use it as well as the other notes provided by the brotha
@DVS X as your starting pint. It easier to follow than 700 pages of info.
YOUTUBE CHANNELS:
Best “Daily Market Briefs” Channel - Lunch Money
https://www.youtube.com/c/AnthonyPompliano
Best “How To” Guide - Crypto Dad
https://www.youtube.com/channel/UC68x_TIzqCtF69fYl2_kl3w
Best Crypto News Channel - The Modern Investor
https://www.youtube.com/channel/UC-5HLi3buMzdxjdTdic3Aig
Best Research & Case Study - The Coin Bureau
https://www.youtube.com/channel/UCqK_GSMbpiV8spgD3ZGloSw
Best Chart Reading & Trading Analysis - Satoshi Stacker
https://www.youtube.com/channel/UCGDjpwZV-bU-sLSnhInCfKQ
Best Documentary Channel - PLOT 11
https://www.youtube.com/channel/UC316GY-U17BkwN8D7oKM0iw
Best Podcast Channel - Bankless
https://www.youtube.com/c/Bankless/featured
Best General Finance Education - White Board Finance
https://www.youtube.com/c/WhiteBoardFinance/featured
BEST NEWS WEBSITE(S):
https://decrypt.co/
https://cointelegraph.com/
BEST PRICE AGGREGATOR WEBSITES:
www.CoinGecko.com is a cryptocurrency ranking web site and data aggregator that provides 360 degree overview of the standing of digital currencies such as Bitcoin and cryptocurrency market, news, analysis, alerts, and real time prices by the world's leading cryptocurrency.
www.CoinMarketCap.com provides cryptocurrency prices, charts, and current market capitalization. CoinMarketCap has been the premier price-tracking website for cryptocurrencies. It is the most referenced and trusted source for comparing thousands of crypto entities in the rapidly growing cryptocurrency space by users, institutions, and media.
USER COMMUNITIES:
Bitcoin -
https://www.reddit.com/r/Bitcoin
Ethereum -
https://www.reddit.com/r/ethereum/
Almost every coin you invest in will have an online community someplace. When researching cryptocurrency coins, please use data aggregator websites such as CoinGecko. When on this website, be sure to click on the coin link itself and then scroll down until you see the “community” link somewhere at the top left of the page. These communities often are hosted on apps like Twitter, Discord, Telegram, and Reddit. Discord and Telegram are the two most popular currently.
PORTFOLIO ALLOCATION:
1. BTC should comprise 60-80% of your holdings
2. ETH may comprise 20-40%
3. Alt-coins may comprise 10-20%
CONDUCTING RESEARCH :
1. Do your own research (DYOR)
2. Read the project white paper
3. Determine use case
4. Is there a product market fit
5. Who are the founders/investors
6. Get on Github and see how many “commits” and activity there is on the project
7. What is the market cap to coins minted ratio - Less minted coins have higher growth rate (millions > billions)
8. How many coins were minted (created) and what percentage is pre-mined/institutionally owned by developers, executives, and investors (less is better). You don’t want them dumping the coins into the market which can enable downturns and sell-offs.
9. Look at charts and conduct technical analysis.
Click the video links below to learn how to conduct DYOR and technical analysis:
DYOR -
TA - Part 1:
TA - Part 2:
Beginner Action Steps:
- Please enable your CashApp Bitcoin feature asap
- Open up a Coinbase or Gemini account asap
- Consider starting your journey with $250-$5000 (invest $ you can lose)
- Read the book “The Bitcoin Standard” asap
- Listen, Learn, Like and Live this industry
- Have fun and make money