Messari shares: How to become a professional crypto analyst

For those of you who want to contribute to the construction of Web3

Recently, blockchain data provider Messari hosted a seminar on “How to Become a Crypto Analyst” on crowdcast, where senior analysts Ryan Watkins and Mason Nystrom shared ways to grow from crypto neophytes to professional analysts They also tweeted earlier on Twitter. They also shared their methodology and learning experience on Twitter, Medium and other communities, and I have compiled these suggestions for those who want to become crypto builders and keep improving on their professional path.

About Messari
Messari’s goal is to bring transparency to the crypto economy, help investors, regulators and the public understand crypto assets, and build data tools to drive informed decisions and investments.

Maartje Bus, Managing Director of Messari Hub, states.

“Think of us as the crypto version of the Bloomberg terminal. messari provides data analysis tools related to specific crypto assets, and you can build your own watch list. We have a very detailed overview of each asset, which is partly contributed by community analysts. another core product of Messari is research reports. In addition to this, we offer a number of enterprise tools to track crypto enterprise/project dynamics for exchanges and asset custodians.”
Messari believes that high-quality, widely disseminated research can help unlock the potential of the crypto space.

Messari shares: How to become a professional crypto analyst

Analysts’ Stories
Ryan Watkins: falling down the crypto rabbit hole from traditional investment banking

Ryan Watkins graduated in 2018 with a degree in Finance + Computer Science and joined Messari full time in October 2019 after a year and a half in investment banking. In 2017, something called “ethereum” went up more than 2,000 percent, and he felt the need to take another look at it.

“I started trading with the money I made from my internship and learning as fast as I could to get a handle on a space that seemed to be growing at a million miles per hour. During my senior year of college, I became obsessed with it and spent almost 100% of my free time (when I wasn’t hanging out) learning about the space, starting with Bitcoin. I had never before questioned what money was, how it worked, why it existed, what its purpose was, or what was wrong with it. I just always thought that money was useful. With Bitcoin, I started to understand and question the basic components of civilization, and I became fascinated.”
None of the above was enough to make Ryan consider leaving the lucrative investment industry until a few months later, when he learned about ethereum and became convinced that cryptocurrencies were somehow even beyond fiat money.

“Against a backdrop of declining trust in institutions across the Western world, the idea that cryptocurrencies could provide the basis for the development of new types of institutions adapted to the digital age is really exciting!”
Mason Nystrom: A professional path to advancement from a non-finance, technical background

Mason graduated with a degree in Business Administration and started his career at a small exchange in Hong Kong where he fell in love with cryptocurrencies. It was then that he read Messari founder Ryan Selkis’ article titled “The Apprentice: Crypto” – for volunteer analysts” and became a Messari analyst after an email contact He became a volunteer analyst for Messari after being contacted by email and was offered a job at ConsenSys based on Messari’s fame and experience working on the exchange. Now, he is a full-time research analyst at Messari.

Is a technical background a must to become a crypto analyst?Mason tells us from his experience.

“A technical background is not necessary. The crypto space is young and the best way to really become an expert is to work a lot with different protocols, which usually doesn’t require a technical background.”
“I didn’t have a traditional background in finance because (at the time) I wasn’t wildly into finance or accounting or any of those fields. I just went down a very popular route. But if you’re willing to commit, you can quickly learn what interests you, and whether it’s DeFi, NFT, social token, etc., there’s always an area where you can provide value. At the end of the day, I think if you can leverage the skills you’ve developed in these projects, you’ll easily find full-time crypto work.”
Advice for getting on the path to specialization
On how to enter the industry as a professional analyst, Ryan and Mason gave some common advice.

  1. Get hands-on experience with the product

One of the high ticket questions asked during the live share was: as someone who has no experience in Cypto analytics, even though I have knowledge in the field. Can I get involved, or where would you suggest I cut my teeth?

Ryan answered.

“The industry is very young and there are not many ways to prepare to get into it, but that’s a good thing. The way to cut in is to get hands-on experience with the program and learn from using it. Take DeFi’s lending space, for example, and spend a few days learning Compound, understanding how it works, and then using it. Then compare it to Aave, MakerDAO, and you’ll get an idea of how the lending protocol works. Next, you can do a comparative analysis (competitive analysis) of them to see where Compound is going to go next.”
“Institutional research reports are good sources of learning, agencies like Messari, Delphi, The Block. Beyond that, it’s important to go to the project websites, read their blogs, listen to relevant podcasts, etc., to learn in a variety of ways (reading, audio, video), and that’s exactly what we’re doing.”

“There are all kinds of ways to get involved besides DeFi. I’ve also met a lot of different analysts who are very passionate about NFT projects like Chiliz, really getting involved (and other aspects of Web 3), joining these communities to explore, to ask questions, and the crypto community members are very inclusive and very willing to answer questions and provide information. So really getting involved is one of the easiest ways to advance (level up).”

  1. write and keep writing!

Through writing, Ryan realized the holes in his thinking and really started to understand cryptocurrency.

“It might be easy for an idea to sound perfect in your head, but when it comes to articulating it on paper, it’s a different story. I studied finance and computer science theory in college and had experience in investment banking, but found it to be a whole new game (new ball game) when it came to the practice of cryptocurrencies.”
Mason believes that collaboration allows for clarity of thought and keeping up with the latest stuff in the industry.

“Nic Carter, Chris Burniske, Derek Hsue, Phil Bonello, Tony Sheng and Kyle Samani became famous in the cryptocurrency space starting with them writing blogs on blockchain topics, mostly related to investments or research. One of the top skills you can leverage is your ability to write. Not only do you have to write good content, but you have to have the guts to put your point of view out there, which is actually very difficult.”
Writing, what can be written about content?Mason recommends some of the easier forms of writing.

Share your thoughts, which may make you feel uncomfortable, get over it! If you really want to take it easy, then start by summarizing long, eloquent essays of high complexity, a process that will surprise you at how little time people spend reading. Curated content is important and valuable.

Expert articles: examine concepts in specific areas. For example, liquidity mining, NFTs, smart contracts, stablecoins, digital art, DeFi aggregators, Cosmos ecosystem, etc.

Walkthroughs (Walkthroughs). You do some exploration, write up a tutorial and show others how it should be done! Twitter VDeFiDad made its name by doing DeFi walkthroughs.

If you don’t like to write long articles, then you should make good use of social media.

The overseas community (we have Weibo for the Chinese community), the smartest people in the cryptocurrency space use Twitter to build their brands, such as Pomp, Ryan Sean Adams, Meltem Dimirros, Arianna Simpson Nic Carter, Ari David Paul, Hasu, Tom Shaughnessy, Jason Choi and many more. Just remember to be friendly and don’t be a barbarian …… Also, answering questions on Quora (Zhihu) can help you understand cryptocurrency and boost your brand. If you answer enough questions, it can be put together into a written article.

During the writing process, try to demonstrate the knowledge and unique perspective you have in your particular field. Finally, note that the writing should be well structured to ensure that the reader is not confused by what you have written. For good structure, you can refer to good articles as models and imitate them (for the Chinese community, you can find a lot of good models on the “DeFi Way” public website). After writing, read it out loud to see if the content makes sense, and if you can, find others to read and comment on it to see if it makes sense to others.

In addition to experiencing the product and writing, Mason also gave the following advice on how to find a job in the crypto field.

  1. Move to a cryptocurrency city and attend parties, events and clubs

We are all a product of our environment. If you want to succeed in the tech space, you should probably live where the innovation is happening. If you are in a place filled with blockchain events, I recommend going to a party or community event, most of which are free.

  1. Volunteer or find a mentor

Volunteering can be a great way to gain experience and connect with the cryptocurrency world. When you are around exceptional people, such as great mentors, their knowledge and experience will flow from themselves to others. The closer you are to exceptional people, the more you will learn.

  1. Make full use of your strengths

People who have some work experience should take advantage of it. If you have any skills or have achieved any credentials, including: analyst (Excel oriented), CPA, CFA, lawyer, fearless public speaker (voice or podcast oriented), author (keyboard wizard), socialite, process design expert (detail oriented and operational), designer (Photoshop and graphic design), economics price (cryptocurrency is based on incentives and game theory based). If you have any of these skills, then you have a greater advantage than those currently working in the crypto industry. For students and young people, make the most of your time to learn new skills and gain experience.

  1. Start a video channel or podcast

Maybe you’re not a wordsmith, but you’re good at making videos, especially live content, then start making some tutorial videos. Podcasts are a great format for discussing the crypto field.

Author’s note: The classic podcasts in the crypto field include Uncommon Core, Bankless, etc. Excellent podcasts in the Chinese community also include Light Paper, WuJi1 Say (both Chinese and English content), etc. Chinese videos of crypto science analysis include Mr. Block, Chen Mo Bitouq, Crypto Vision, Ma Lie Vision, etc.

5、Provide help to others

People are always searching for information to help them find the information they need. For example, to organize content, news, information, data, people, educational materials, etc. Think differently, people aren’t always able to tell you what they want or need, what can your unique skills and attributes offer? Build your community network from there.

  1. Find your cryptocurrency partners

ETH has a lot of pals (and maybe competitors), and you should have them too. Find a friend who is as passionate as you are and collaborate with each other on any of the above topics. No one can get to the top alone, and it’s a good idea to befriend those “well oiled content machines”. Hasu (one of the main managers of the podcast Uncommon Core), arguably one of the best researchers in the cryptocurrency space, often writes with others.

  1. Best advice: do something cooler

To stand out, you need to target your audience, and employers will value people who think and act on their own and make cool stuff. Here are some suggestions on how to think different.

Create a graphic, diagram or video to visually represent something.

Conceive a cool project (stablecoinindex) that does something slightly different (#defi index, DeepDAO)

Get ahead of a growing trend like social token

Make a website or newsletter that provides something of value, like a list of meeting times for each open source crypto project, find ways to save others time or effort

Research a super niche topic related to blockchain and write/push your findings. It shouldn’t be superficial, but it doesn’t have to be completely revolutionary either

Final message, work hard, stay humble and have fun!

Posted by:CoinYuppie,Reprinted with attribution to:
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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