The Best Resources to Research Cryptocurrencies

At the time of writing this article, there are 1,495 cryptocurrencies for you to choose from. If you want to use them for their sole purpose then pick the coin that best suits your designated service. I.e if you want to use cryptocurrencies as a means of exchange pick a coin like Raiblocks or Bitcoin. But if you are a speculator and intend on selling the coin at a higher price than you bought it at, like 90% of the community, then you can pick any of those 1,453 coins. But how are you going to pinpoint the exact coin that you want to invest in whilst being spoilt for choice? Well, in this post we’re going to be sharing the resources that we use and tell you a bit about them

Reddit:

I think it’s only fair to start with Reddit. There are two types of people in this world, those who are Reddit users and those who are not. If you use the platform frequently, I hope you agree with me when saying that its uniqueness and simplicity is what makes Reddit such a special platform. A lot of anti-Reddit users claim that they don’t know how it works and that it’s too complicated to use and I remember having these exact thoughts before I was a Reddit user but in truth, it's the most simple platform out there which makes it so interactive and simple to discuss anything. Some of the subreddits that I use have hundreds of thousands of active users meaning that there is always someone who will take an interest in what you’re broadcasting.

However, this enormous user hub also promotes a lot of ‘shilling,’ which in case you don’t know, is crypto-jargon for when someone promotes a certain coin; including the shittest of shit coins. So beware of that; read everything with a critical and open mind. Reddit is a great way to learn about new projects and to see what the crypto-community is talking about.

Useful Links:

Has 510,000 users: https://www.reddit.com/r/CryptoCurrency/

Has a daily discussion thread: https://www.reddit.com/r/CryptoMarkets/

Solely about Bitcoin: https://www.reddit.com/r/btc/

I don’t necessarily agree with the content but here’s a Reddit post that offers an overview to the most popular coins:

The Resources the platform offers:

READ THE WHITE PAPER. This is what I find myself telling people who ask me “Hey Felix, I'm interested in ‘x’ coin, what do you think?” In most scenarios, the person asking me has a minimal understanding of how the coin works and they want to invest because someone shilled it to them and shilled it well. White papers are a phenomenal resource when it comes to deciding whether to invest in a coin or not. Sure they may be a bit strenuous but you don’t have to read the whole thing, read whatever parts best help you. By this I mean, some sections are often irrelevant (or less important) to your investment decision; for example, you don't have to read about how the ICO works if the ICO has already ended. In fact, I often read just a few pages to get an idea of what the technology is like and how realistic their expectations are.

Roadmaps can also be an exceptional indicator of whether you wish to invest in a coin. A roadmap is a forecasted calendar of what the company hopes to achieve at a certain date, usually categorised by quarters. You can usually find them on their website or simply google it if you can’t locate it on their site. For example, the Casper fork of Ethereum is set in Q1 2018. However, companies road map’s can be a bit unrealistic in order to attract investment. I’m not saying Lisk wanted to deceive their stakeholders but on their roadmap, they planned to undergo a rebranding campaign in the last quarter of 2017, yet here we are in 2018 and no rebranding of Lisk has occurred.

YouTube:

I view YouTube as a platform to acquire information about a certain coin; in my opinion, it's the best platform for knowledge sharing, whereas Reddit is the best interactive chat-room. There are heaps of crypto-based YouTubers so picking a few channels to subscribe isn’t going to be a problem. But, similarly to Reddit, the main problem with YouTube is bias. At times, content creators have thousands of subscribers which gives them influence. When John McAfee recommends an ICO/token through his Twitter page, the price of the coin tends to appreciate; Youtubers have comparable power. YouTubers make a large portion of their income through promotions so be wary of this. If a YouTuber has a video where he/she praises a coin and encourages you to buy it, you can expect they also hold this coin and will happily see its price rise when their followers see the video and are convinced to the coin.

From my experience with YouTube, I have found a few channels that I both value and trust so I’m going to share them with you:

Kryptographyk: The first crypto Youtuber I followed and to this day still my favourite. He’s a very emotional man that truly cares about the development and future of Digital currency and blockchain technology. I trust him more than other YouTubers as he never shills; he openly shares what coins he holds and explains why he holds them whilst rarely encouraging you to buy them. A very personal channel as he often films whilst riding a bike or out in public. He introduced me to Neo when it was priced at just a few dollars so hopefully, he does the same for you guys with other coins!

https://www.youtube.com/channel/UCVOUd-Phuhvm4PCHQX7ujfg

CryptoDaily: A slightly more famous YouTuber but he does so well to remain non-partisan. Of course, he dislikes and raises awareness around Ponzi-like coins but that’s the only time I’ve heard him discuss his personal views. He’s more of a news-describer and gives market updates almost every day; it was his videos that inspired me to introduce our daily ‘Mini Market Updates’ to our Twitter page (@Crypto101blog). He’s also incredibly funny and usually includes a humorous sketch at the start of his videos

https://www.youtube.com/channel/UC67AEEecqFEc92nVvcqKdhA

Aantonop: In my eyes, Andreas is the Elon Musk for cryptocurrencies. Maybe others would claim that there have been more influential people, like Roger Ver, but Andreas’ knowledge is like no other. The man is a genius and he has a brilliant way of explaining things so that we can all understand. My favourite video of 2017 was a talk made by Andreas, I’ll share it just below his channel link. His videos are usually in the form of a talk or podcast and therefore are the most informative of videos. They aren’t funny, they won’t entertain you, but they’ll captivate you.

https://www.youtube.com/user/aantonop

Twitter:

Each source of intelligence named so far is specifically good at one thing; Twitter is the ultimate platform to stay up-to-date with the latest news and company announcements. Not only are cryptocurrency investors active on Twitter but so are companies and respectable figures within the community; even Vitalik Buterin tweets on a daily basis. I'd recommend all the coins you hold or are interested so that you're the first to hear about important announcements allowing you to take your position on a potential trade before the rest of the market does. Twitter has this neat feature where you can turn on notifications for certain pages. Naturally, I highly recommend you follow @crypto101blog as they're always posting top-notch quality content!

Tip 1: Read. Every sentence you read about cryptos will broaden your knowledge and will allow for more informed decisions when it comes to trading.

Tip 2: Watch Andreas, seriously; the guy blows my mind every video I watch. He has an infinitely insightful interview which was published by LondonRealTV: https://londonreal.tv/e/andreas-antonopoulos-bitcoin/

REMEMBER, IF YOU BUY CHEAP AND SELL HIGH, YOU’RE DOING SOMETHING RIGHT!

Useful Links:

Our Twitter: https://twitter.com/crypto101blog

An Alternative to CoinMarketCap: https://www.livecoinwatch.com

Favourite Crypto News site: https://cryptoslate.com

Disclaimer: This article expresses our personal opinions, predictions, and market speculations based on the way we interpret the information we have available to us. It is by no means to be considered expert advice. We take no responsibility/ liability for any actions taken by you based on anything we have mentioned.

We are in no way affiliated with any companies, sites, crypto-currency exchanges and crypto-currencies that we mention in these articles, these are simply the ones we choose to use due to our personal preference.