How many of you are investing/trading crypto?
If you feel like commenting, which exchanges do you use? Which YouTubers/podcasts do you follow? Which coins are you into? #personalfinance #investments #crypto #bitcoin
Two of the most honest and smartest, in my opinion, are @matigreenspan and @krugermacro on Twitter
Thanks I'll look them up. I've been watching Benjamin Cowen on YouTube.
Liquidated my crypto investments. Any security that can be easily manipulated by vague tweets ain’t for me. Once the average crypto investor stops being a Twitter shill , I will get back in
Same. Too much craziness and optimism. Another outside shock will come at some point and confidence will be shattered and price will nuke.
If you go on crypto subreddits , there’s so much misinformation ! Like ADA to 1000🤣. There isn’t that much wealth in the world. The market cap would be in the trillions. And still , there is no breakout blockchain app. It’s a bubble that I should have gotten in on last year. It’s too late now. May pop anytime
Using voyager for the interest rates HMU for referral
Kraken, Binance.us, BitTrex and Coinbase are all fine
It’s called *gambling
Binance . Following Datadash on youtube since 2018. Guy gives long term view.
Only use binance to buy basic coins like eth, btc, busd. Transfer to wallet immediately after. any alt/shtcoins you want are best bought from uniswap/pancakeswap
R/litecoinmarkets R/ethtrader R/batproject R/bitcoinmarkets Coindesk.com Avoid r/cryptocurrency, 4chan, and shills on here making scamcoins. Be careful with YouTube but I agree with the channel and Twitter accts posted
There is no due diligence for crypto. It's gambling. It's definitely paying off, but it is gambling.
People seem to be using price action technical analysis and it helps in getting some sense. For example looking for breakout patterns and analyzing the volume right before a breakout. Fundamentals also make sense in terms of the use cases, efficiency and roadmap of the projects. It can be considered as gambling just as VC funding is similar to gambling.
Shillers are fucking everywhere. Don't trust anyone, do your own research. It's the wild west, even still. Good luck.
What are some ways you do independent research? Are you good at studying price and volume patterns? I'm a novice, but wanting to up my price action game. Right now leaning on some YouTubers who present their analysis.
I personally only do long term investment in crypto, not trying to time swings. IMO in the short term everything is highly manipulated by whales, miners, and influencers. If you don't have insider info on what these people are doing you're basically gambling.