Bitcoin Forum

5 Tools That helps you to invest in Bitcoin

1. Telegram
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Probably you already know that telegram platform is widely use in cryptocurrency. Their are so many cryptocurrency group or team that uses telegram for sharing information.

2. TradingView
https://i.postimg.cc/g0nHRmfK/qwe.png
If you want to be a trader or invest in bitcoin for a long term investment your gonna need to have a deep understanding of the trading view, become a analyst ;D

3. Google Authenticator
https://i.postimg.cc/Z59Wxn50/Google-Authenticator-What-It-Is-and-How-to-Set-It.jpg
A second layer security to make your cryptocurrency accounts more secured.

4. Ledger or Trezor
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Probably one of the best cold storage to keep your funds especially for a long term investment.

5. Twitter
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If you want to stay informed to the latest cryptocurrency news you could finds it on twitter.

Direct Link (https://bitcoinist.com/top-5-tools-invest-in-bitcoin/)

I don't see how using Telegram or Twitter can help with investing in BTC, when it is already well known that these platforms serve as tools for more and more scams related to crypto. For these platforms to be useful, anyone who uses them should know how to recognize the good from the bad opportunity, the bad from the good person. If that is not the case, it is better not to use them at all.

I agree that hardware wallets, and 2FA is something that definitely increases our security when it comes to crypto, but only if we use them in the recommended/correct way. Buying hardware wallet, send coins there and save seed in your desktop or e-mail is a move that completely undoes the whole purpose of using such device.

The first thing that comes to my mind about Telegram is Pump and Dump groups. So easy to manipulate those little sheeps. 🐑

Telegram cannot contribute or help in trading success, it's just an app, yes it's more crypto friendly than other apps, but I see no benefit to be derived from it, the opposite is many times the case, those groups you are referring to on telegram are mostly fake groups with fake signals and they just want to make money, asking people to pay for signals that are just hinged on luck.

The others are helpful, except maybe number 5
I'll prefer to get information on this forum(BTT)than on twitter, there are a lot of distorted/spurious information there.

The golden rule tool to help you investing bitcoin is "to do your own research" before trying to invest in other website.


Or better yet, it is just useful for better fast communicating, not widely for the purpose of investing.

Telegram is no different as an application for communication media, only in that application there are bots that can real-time know the latest prices of Crypto.
But I didn't put a telegram on the list like the OP said.

Because scammers often use the application to fool other bitcoiners.

As for finding information related to Crypto, I prefer to search on well-known sites such as cointelegraph, etc.

A better title would be "5 Tools to Help you gamble in shitcoins". Some of your suggestions are completely not-needed.

As the other members said, telegram and twitter should not be on this list. Personally, every day someone pm me in telegram about a new investment lol. So, I started wasting their time by pretending to have no idea. Also, most of the altcoins groups are raided by bots saying 'hello' 'hi, good project'. it's really hard to find some constructive discussion or even something useful to read. better stick to bitcointalk!

Some tools listed may be useful for some but it's kinda confusing and some misunderstanding with "investing in bitcoin" since if you want to invest, you just buy and hold that for long term.
Tradingview is for trading, 2FA is for some online accounts, like exchange, telegram? twitter?
The hardware wallet seems to be more useful among the others.

Some of the tools you've mentioned are useless. you have sort number be:
1. Hardware wallet

• Ledger
• Trezor

2. Twitter

• Ledger twitter > https://twitter.com/Ledger
• Trezor twitter > https://twitter.com/trezor

done

I wonder why Telegram should be first on your list, and not this forum which is older and has more complex and credible articles/discussions on investment.
In addition, Telegram and Twitter aren't enough to help and are very risky because there will be no one to protect you (at least warn) earlier than scam offers and help find a reliable solution if that happens.

Most of them have been paid to promote some coins, If you are familiar with the ICO rating site that has been popular last 2018, that was their case now. Some pages are meant to promote some shit coins and some promote dead coins. The number one site you can use to help you with Bitcoin is this site. you can find everything you need here that will help you understand everything including the advance information to make you a Bitcoin expert. 

I already use the image of blockfolio in Twitter which is a great application where you could monitor the movement of Cryptocurrency like bitcoin, Ethereum etc. Most of the trusted websites in cryptocurrency is updating through the Twitter platform, for sure your not going to trust the updates from a scam websites therefore you could justs followed the websites that is trusted. I'm sure twitter is a reliable platform it was not just because their are scammer in the platform doesn't mean it was not a great platform, even telegram platform has a lot of scam users in it but still uses as a great platform for sharing information.

I think you could relay on this twitter account if you trusting this hardware wallets:

I agree somehow, they were toxic in a sense that huge names without enough crypto knowledge or even just random people fearlessly say that "bitcoin is a scam", "it was a bubble, don't invest". So if you are just a beginner and get easily influence by others then most probably you will also be deceived and now got a bad impressiin against cryptocurrency.

I already stopped using those apps. I choose to rely here in our forun when it comes to the freshest news about crypto world :D.

I don't recommend Google authenticator, it has no security whatsoever and it's pain to restore when you change your device.

I become a victims of fake signal from telegram and my friends become a victims of telegram group ICO's. After that i'm stay away from telegram signal and ICO reviews. But, if you want to join on group related with crypto investment you need to know who member behind. If you don't know any member on that group, so don't trust them. Better to use this forum than using telegram group  ;D

This list is way too broad. There's no limitation on 'tools' and in what way you define 'help'. If this is the case, you can even add another 10 website like CMC, Google, or even Spotify (help you get in the mood by listening to music).

OP, don't 'copy-paste' an article from a famous source if it doesn't make any sense. Make your own list.

By reading the topic, the first thing that comes to mind is a list of most trusted crypto exchanges. I think you must change it to something like 5 Must-be-Familiar Tools Before Going into Crypto World. Also the third 'tool' is written Google Authenticator not Authticator ;)

Signals shared to telegram groups are often disastrous for a group of people who invest in cryptocurrency. Trusting these signals without doing your own analysis is one of the careless things to invest. Cryptocurrency investments are very risky and if we want to try to enter the zone we must be prepared with all these risks.

The ongoing ICO project very often makes investors lose money because the reality is not in line with expectations. When I was active as a bounty hunter, I also felt the same and I never felt the sweetness of hope when the campaign ended. 2018 and 2019 are the years when many ICOs failed and ended in scam and it is possible that many investors also drowned by it.

I do not think that Telegram and Twitter will be useful for a beginner as there is a lot of information that is published only to manipulate the price of Bitcoin. It has been noticed more than once that many people known in the cryptocurrency world give false information through their social networks which very often leads to the loss of trusting beginners.

All other tools really do bring some benefit.

I don't think that telegram would be a better tool to learn about bitcoin because that is one of the best way of the hackers and scammers to steal your money, I have tried telegeram for one week, when I asked on the group chat about my problem on my yobit account.

My yobit account was being banned  last 3 weeks, then I used telegram because my friend suggest it to me, then when I asked about my problem, one of the stranger messaged me on about how can I recover my banned account, then he sent me a link but based on what I have seen about the website that he gave to me, it seems scam for me because of the interface and it requires me to input my wallet address, and based on my research about the website, there is no reviews that I can see so I didn't try it.

But it does for trading. Crypto runs by news, and those platforms, with official project's channels and updated news can help traders. Unfortunately, totally relying on news can result in loses too if traders easily fall into the trap of FOMO, and join the party too late. Furthermore, news have to be screened and go through in-depth analysed before ready to use.

I make my trading decisions from charts (most important), developers' activities, then news. News are only kind of supports for my decisions, if the price hits the points I identify with charts (or above it a little bit), if good news come I will step in

I must say that what you said is the right thing and if it is made in the form of a list then the results might be like this:
1. Graph analysis
2. Developers activities
3. News

But if it is me then I have to add a few points including:
1. Trading volume
2. Graph analysis
3. Developers activities
4. News

Before I start analyzing the graph, I have to see how big the trading volume is because it is very important and if the trading volume is very small then I am sure that the asset is not an asset that is suitable for us to trade.

Of course, we can talk about how much good versus bad is on these platforms, and good information can probably be found, but I think any beginner and one who is not experienced will do more harm than good if they fully trust in everything they read there. Mostly we read about various scams that use social networks to reach as many people as possible, so maybe the general opinion of most people connected to crypto is that there is a lot of danger from that direction.

In fact there is not a real problem in the Telegram or Twitter, but in people who blindly believe everything they read. Do not use something you do not know, do not trust strangers and check everything before investing, it is better to be safe then to fall into the trap from which there is no escape.

i think Google authentication for security of your email since if you use to store btc in an exchange also for settings in the exchange before you can withdraw - so its for security
The other one is like coinmarketcap so its like how you will monitor whos up and and down in the crypto trading
Telegram is not a tool needed for bitcoin investment, its like a messenger to exchange information with your family friends
a communication tool which has nothing to do with bitcoin, i think the things you need for bitcoin is a PC, internet connection, a trading flatform if you are trying to invest, and ofcourse here bitcointalk.org you will find a lot about bitcoin from mining to trading, any many more just look around the forum.

I wanted to point out same issue. why the use of telegram?
FYI - there are aready-made scammer's with multiple related user names on telegram/skype.

Pls, donot suggest this as a tool to anyone.

Thanks
Soldierwitlittlefaith

Soldierswitlittlefaith, why you quote my post with such reply? I did not advise anyone to use or not to use anything? I just warned that such tools can pose a great danger to those who are inexperienced. Telegram is just one of the popular ways of communication nowadays, and if used properly using common sense there is no danger. As I have already written, it is not just a problem with the tools, but with the people who use them.

What everyone should do before they start using crypto is education, but most people do completely the other way around, which paid dearly learning from their own mistakes.