Hi everyone.
I’m eager to learn how to invest in and analyze various cryptocurrencies not just BTC. I’m not interested in quick profits or getting rich fast. What I really want to understand is how to read metrics like MarketCap, Volume, Circulating Supply, the technology behind crypto, key narratives, and historical data to make smart choices and invest with lower risks. It feels like no one teaches this kind of thing.
Good luck to everyone.
Market cap is very important. If a project has a market cap of 2 billion, to double in value, it has to reach 4 billion. To do a 10x, it needs to hit 20 billion. To go from 20 billion up by 100%, it needs to gain 20 billion more. This affects the price a lot.
Volume shows how much is bought or sold in a certain time. High volume can give momentum in the direction the coin is moving. If the price is rising with high volume, it’s a good sign that the upward trend can continue, and the opposite is true for a decline.
Circulating supply is crucial when looking for low cap coins. If a token has a circulating supply of 100 and a max supply of 1000, that’s a warning sign. The other 900 tokens will be released over time, which can lower the price. Some projects might hold those non-circulating tokens and could pull a rug pull or dump. This measure is about how the project distributes its coins and specific details related to each project.
Technology matters, but right now in web 3, it’s more about what will last long term. In a bull market, the technology has less impact; it’s more about marketing for price gains. I don’t recommend holding through multiple cycles because everything tends to drop by 90% or more in a bear market. You can take your profits and buy back in later when everyone says crypto is done and never coming back; that’s usually the signal to buy.
For narratives, focus on things like meme coins, gaming, AI, Layer 1, Layer 2, and pick your niche. You can’t know everything and win; being a master of many means being a master of none.
Historical data is also called Technical Analysis or TA, which is about reading charts and spotting patterns to guide your decisions. Bitcoin is like the horse, and all other crypto is the carriage. Bitcoin drives the whole market. Understanding Bitcoin is key. Personally, I like Steve’s TA lessons at Crypto Crew University on YouTube. He goes in-depth but explains it well.
These topics take years to fully understand, and many crypto investors are just chasing quick profits, and most end up losing money during bull runs. I might be one of them, but I hope not this time since I broke even in my first bull run. Everything went up, and I managed to take enough profit to lose just a bit.
Coin Bureau is great for crypto news. Check out Glassnode and Chainalysis on YouTube for on-chain metrics. Coinglass, CoinGecko, and CoinStats apps are good for phone tracking. Also, set up specialized news feeds on social media.
There are loads of podcasts too.
@Taran
CoinStats price alerts are really helpful for me
Xavi said:
@Taran
CoinStats price alerts are really helpful for me
Yes, almost every app gives price updates now, but they’re usually delayed compared to exchange updates.
There are so many sources available; just need to find the ones that work best for you.
@Taran
I’m using CoinStats as my tracker; it’s definitely the best on the market
No one teaches this for a reason. Nobody really knows what’s going on, and anyone pretending to is not worth listening to. You can’t invest with lower risks; you can only avoid obvious scams, which is the best you can do. It’s really like gambling, and you should treat it that way.
BTC goes up, then ETH goes up, and then both lose market cap, and then the altcoins pump. That’s the simplest way I can explain it. Don’t look for fundamentals, but believe in the project and understand what’s happening before buying.
None of this makes sense. Ridiculous meme coins often make the big gains.
Zyler said:
None of this makes sense. Ridiculous meme coins often make the big gains.
Yep, it’s true. Garbage projects make huge gains, while solid projects get wrecked. Choosing your pet coin matters more than the technical details. (like SHIB and ADA)
Just buy BTC; there’s really no second best.
@madisonwilson
ETH exists, and I’ve made money with it.
Type in dogecoin on Google Trends, and you’ll see a good crash indicator.
You can do technical analysis on real company stocks.
A lot of data helps understand how they grow or decline, but with cryptocurrencies, only a few have real-life use cases.
Most gain value through hype and become popularized by influencers, then they are quickly sold off, losing value fast. Examples include meme coins that have no real purpose.
Bitcoin is useful for storing money, similar to gold.
Ethereum has its platform, and Monero is known for privacy.
Learning about crypto from market cap to the tech behind it is a smart move. I use Net Coins myself. They have easy-to-read blogs that help explain the complex stuff.