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Posted

I’m trying to move beyond just following hype on Twitter and YouTube and actually want to learn how to research crypto projects properly—especially early-stage tokens, meme-coins, or even L1/L2 ecosystems.

The problem is, most of the serious research tools people mention are behind paywalls, and I’m not ready to invest that much yet.

I’ve seen people talk about things like:

  • On-chain analysis

  • Wallet tracking

  • Community sentiment

  • Developer activity

  • Tokenomics breakdowns

But honestly, I’m not sure what’s realistic to do for free, or what tools to trust. Also, I keep hearing terms like “narratives” and “early signals,” but how do you actually identify those in a consistent way?

Would appreciate if anyone could break down:

  • What your personal research flow looks like (even a rough idea)?

  • Any genuinely useful free tools or dashboards?

  • How you separate noise from real opportunity?

Not looking for shortcuts just trying to learn how people actually build conviction before buying into a project.

Posted

So, my short answer to you is: Don't.

After my time in the crypto industry, paid to help develop a distributed exchange, there are three types of people who are involved in the industry.

1. True believers, who think they're going to change the world through an anonymous, zero-trust, scalable method of making payments.* Most of my coworkers fell into this category. They're young, hard-working, and just bright enough to be capable but not bright enough to really understand the underlying mathematics.**

2. Mercs. People (like me) who were just trying to make a buck.

3. Con artists. These are the people who make all the money in the industry, and they do so by feeding off of the other two groups.

*You can have at most two of these. All three is mathematically impossible. 

**Actual cryptography researchers laugh at the crypto industry.

 

So based on what you're saying here, you're in category two, and about to send a lot of money to folks in category 3.

The best way to make money is, as always, by selling shovels to the gold-diggers. But you might not have the moral flexibility needed to really take advantage of those people.

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