We’re within the midst of a large Crypto crash. So what ought to a brand new investor do?
We’re within the midst of a large Crypto crash. Right here’s how a lot the highest cryptos are down as in comparison with their All-Time Highs.
- Bitcoin is down 63%
- Ether is down 72%
- BNB is down 65%
- Cardano is down 85%
- Solana is down 89%
- Dogecoin is down 92%
- Polkadot is down 87%
I give attention to pre-listed sturdy tasks with stable prospects and I take advantage of the ROHAS methodology to judge new crypto tasks.
Within the ROHAS methodology, it’s good to grade a crypto mission on 5 parameters:
- Income
- Group
- Historical past
- Algorithm
- Social
1. Income
Perceive and analyze how the mission generates revenues for the ecosystem and what’s the international financial influence of the mission? This data may be obtained from:
- the official web site of the mission
- the White / Mild / Yellow / Beige Paper of the mission
Primarily based in your analysis, grade the income mannequin of the mission on a scale of 1 to five.
2. Group
The group / group (founders, dev, enterprise) should be highly-skilled and have sturdy prior expertise, sturdy credibility, and optimistic social media standing.
This data may be obtained from the LinkedIn profiles of the group members. Be cautious of tasks with nameless groups.
Primarily based in your analysis, grade the group behind the mission on a scale of 1 to five.
3. Historical past
The mission will need to have proven sturdy progress in:
- Transaction quantity
- Energetic customers
- Buying and selling quantity
- Liquidity
- Commerce pairs
Primarily based in your analysis, grade the historical past of the mission on a scale of 1 to five.
4. Algorithm
The consensus mechanism and know-how platform should be strong. This data may be obtained by an evaluation of the mission’s GitHub repositories.
Primarily based in your analysis, grade the consensus mechanism and know-how platform of the mission on a scale of 1 to five.
5. Social
The mission will need to have a big, vibrant, energetic, engaged, optimistic group with a justifiable share of fanatics. The key social platforms are Discord, Fb, Instagram, LinkedIn, Medium, Reddit, Telegram, Twitter, and YouTube.
Primarily based in your analysis, grade the social group of the mission on a scale of 1 to five.
Crimson flags
I avoid tasks the place:
- Any ROHAS parameter is under 3.
- The mission appears too advanced.
- There’s sustained damaging publicity across the mission.
Disclaimer: I’m not a registered funding, authorized, tax advisor, or dealer/supplier. All funding / monetary / authorized opinions expressed by me are meant as instructional materials. It’s best to think about looking for unbiased authorized, monetary, taxation, or different recommendation to verify how the knowledge pertains to your distinctive circumstances. I hyperlink to or check with exterior assets to your comfort. I’m selective about them however I don’t endorse them.
This publish was first revealed within the Crypto With Rohas publication: https://rohasnagpal.substack.com/p/crypto-investing-in-a-bear-market?s=w
