Allie09 (OP)
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December 23, 2020, 04:39:11 PM |
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Hi all,
I am new to this forum and relatively new to the world of crypto. I have invested a few years ago in BTC and it did go well but then did not invest anymore, with this lockdown and all I am taking an interest again to see whether I could make this as a source of a somewhat stable second income using my existing extra income. All seems very exciting but also a bit mysterious and difficult to put a structure to as the information around the topic is quite scattered and confusing for a newbie. You may have answered this question many times but I was wondering if someone could help me with some points of reference to keep on growing my knowledge in terms of:
1. best reads or videos (books, blogs, websites, YouTube channels etc.) on how to invest in crypto 2. best forums (other than this one which seems great) and meet ups for crypto investors (I know Telegram but are there other more specific chats?) 3. newsletters and news on new upcoming ICOs and crypto projects in general (I use coin desk but what else is out there of reliable?)
Other than that I had also a question which is: would any of you recommend trading through an automated trading software? I am currently using Coinbase and they keep on proposing their automated dollar average costing platform, otherwise there are all those other ones like Bitbot Pro etc. I am always skeptical about these things so wanted your view as well.
Thanks in advance!
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Bttzed03
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https://bitcoincleanup.com/
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December 23, 2020, 06:13:53 PM |
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1. best reads or videos (books, blogs, websites, YouTube channels etc.) on how to invest in crypto 2. best forums (other than this one which seems great) and meet ups for crypto investors (I know Telegram but are there other more specific chats?) 3. newsletters and news on new upcoming ICOs and crypto projects in general (I use coin desk but what else is out there of reliable?)
1. I'd rather have you read the whitepaper of each project you want to invest to than to point you to blogs and youtube channels that will shill you a project they have already invested in. You probably know the basics like team transparency and legitimacy, original whitepaper (not plagiarized), coin or token utility or use case, etc. 2. Honestly, you don't need others unless you want to discuss a more specific topic about a coin like ethereum for example (they have their own forum). This is the most open platform with the most diverse members and they will call out any BS of any project. I've joined facebook groups and I can tell you now that you will learn more if you stick here. There are plenty of traders today who doesn't even know how the coin or token works. Heck, they don't even understand confirmation time and most likely don't know the difference between a coin and a token. 3. "ICOs" is old school. I don't know of any new project using that term anymore. If you insist on looking for start ups, crypto twitter is where you can find all sorts of token sales but be very careful as many of them are just money grabs.
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electronicash
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December 23, 2020, 06:50:40 PM |
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you are already in the forum. the best one. for upcoming projects i guess you can hover to the alt announcement in the forum.
there had been many youtubers actually that is worth watching. most of them claim they are not financial advisor but acts like one but they are paid as well to bump token projects. the exciting to watch out is the raoul pal's realvision channel. there are many channels for altcoins, i think one that have seen remarkable contents was the coinbureau.
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jossiel
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December 23, 2020, 07:36:24 PM |
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Welcome Allie.
No need to look for the best forum because you've just posted and registered on it. Do you have a background in trading? because if you do, it can actually be your second income. But in most day traders, the percentage of losing is higher than to earn. You can be good by just following the strategy that's suggested to you by Coinbase through DCA but you don't have to automate it. It's better if you're the one to decide in which time or what price you buy within the day.
In Youtube channels, you're likely to see a bunch of content creators suggesting you to buy different altcoins that they support. In majority of them, they can be paid advertising a specific coin and that's why it's better to read news and updates through sources like Cointelegraph and as you've said, Coindesk.
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RapTarX
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December 23, 2020, 07:55:37 PM |
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Stay away from ICOs and try to stay away from 99.99% altcoin. Most of them are shitcoin; some says other than BTC everything is shit. Still, if you are interested, there are a lot of intesresting courses in udemy which I tried recently. Try watching them. They are very good for starter.
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mk4
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Paldo.io 🤖
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December 24, 2020, 02:59:31 AM |
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1. In my opinion, ICOs are more of short-mid term trades than "investments". You've got to be extremely lucky to invest in an ICO that actually ends up being a tangible working project.
2. I would only recommend using trading bots(that you've built yourself) only if you actually got your trading skills solidified.
3. Outside holding bitcoin and Bitcointalk signature campaigns, I mostly suggest earning money outside the Cryptocurrency space.
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Curated Crypto Airdrop Database
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goinmerry
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December 24, 2020, 03:20:14 AM |
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with this lockdown and all I am taking an interest again to see whether I could make this as a source of a somewhat stable second income using my existing extra income
You should not treat your crypto investment or any related doings as a stable source of income. Crypto is volatile. Just treat it as your investment wherein you have to wait for a good result. 1. best reads or videos (books, blogs, websites, YouTube channels etc.) on how to invest in crypto 2. best forums (other than this one which seems great) and meet ups for crypto investors (I know Telegram but are there other more specific chats?) 3. newsletters and news on new upcoming ICOs and crypto projects in general (I use coin desk but what else is out there of reliable?)
1. You can do that by using a quick search on Google search and Youtube search. There are lots of videos already circulating about how the methods of putting money on crypto. 2. Bitcointalk.org 3. You can stick to that. Reading to other sources might build up hype for you instead of gathering general information. Other than that I had also a question which is: would any of you recommend trading through an automated trading software? I am currently using Coinbase and they keep on proposing their automated dollar average costing platform,
Stay away from any trading bot software if you don't know how trading works. Spend time learning the basics. No shortcuts. I suggest trading at Binance.
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GreatArkansas
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December 24, 2020, 03:30:28 AM |
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Other than that I had also a question which is: would any of you recommend trading through an automated trading software? (....)
Speaking of automated trading software like trading bots, I am no hater for it, a lot of people already making profits by using this kind of software. But my advice are; you should first master how the market works, you may try to use the manual way first before using such automated, you should first know how the automated done. You should first know the foundation of trading if you are still a newbie. There is a lot of automated trading software that are already built-in trading strategy which only requires few clicks and you are ready to go, and some are can ask some strategy of yours and they will just follow what your inputs are.
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hd49728
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December 24, 2020, 04:48:43 AM |
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Bots are programmed by human and inputs are set up by human. Bots only do trading orders 24/7 that human can not. Bots can eliminate the emotional decisions as human often can not. Although bots have their power, they can not run with profits if inputs are set up badly by human.
GreatArkansas said the truth. You can not set up and use bots if you can not trade good manually. Only when you have good skills to trade manually, you will be able to use a bot software to set it up with good inputs. Bots need to be reset a while before or after market wipe outs.
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cryptoaddictchie
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December 24, 2020, 06:03:56 AM |
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All your suggestions are all working but I prefer to read on forum and some news blog about latest update and strategy on trading.
Regarding news platform and aside from coindesk you can also used icodrops and cointelegraph. They usually published useful materials and upcoming projects that are worth to invest with. I usually subscribed on their channel and email for some update. Don't ever rely on bots, these are profitable but of course you must understand that there is a risk possessed too.
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akirasendo17
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December 24, 2020, 06:48:45 AM |
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Beware of the hype news, sometimes you see a lot of news or like post regarding how good the project is, those are not the only thing that is important in an ico or project, for me here are what matters:
Product Members of the project team Roadmap Community
Mostly new investors that I see try to look at how large the telegram group, how they post on social media platforms here are those i think should be considered before investing, checking those things might result in a good output or profit.
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CryptocurencyKing
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December 24, 2020, 09:08:05 AM |
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All seems very exciting but also a bit mysterious and difficult to put a structure to as the information around the topic is quite scattered and confusing for a newbie.
1. best reads or videos (books, blogs, websites, YouTube channels etc.) on how to invest in crypto 2. best forums (other than this one which seems great) and meet ups for crypto investors (I know Telegram but are there other more specific chats?) 3. newsletters and news on new upcoming ICOs and crypto projects in general (I use coin desk but what else is out there of reliable?)
Its always exciting to be i a community of like minds, in this case, crypto enthusiast especially a type that are willing to support you by offering their experience until your able to stand. There is really no obvious mystery about the crypto space as it could be demystified through active participation so, its a good thing you've started your crypto journey here. I'll skip to your questions to keep it simple; 2. Your in the best place ever for bitcoin and crypto related discussions. you need no other besides, telegram has been known as a place where scammers lure their prey due to zero moderation. 3. ICO's are really not worth your focus to getting a credible project as almost 90% of ICO projects advertised in 2017 turned out to be scam oriented projects or never made it to its market cap. So, ICO projects often make a bad investment as its more of a pay to get listed kind of thing with little scrutiny for legitimacy. Another thing to look out for is the exchange they plan on enlisting on if they are well known and credible and is an arrangement for the later in place already or are already enlisted. I'll add that its always best to seek advice here as the crypto space can be a very daring one at times.
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Maus0728
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December 24, 2020, 10:25:38 AM |
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1. best reads or videos (books, blogs, websites, YouTube channels etc.) on how to invest in crypto
I've invested in an ICO once but I nearly lost most of my ethereum that I used in purchsing their tokens if I didn't sell it immediately. Based on my experience though, there is no such good reading materials when it comes to investing on some projects as most of them are just a repeating process of buying at a pre-sale or main sale and then dumping of tokens immediately after the it has been listed in an exchange. These projects fails 90% most of the time regardless of how strong the community is especially if it has no real life use case. I am not advising it for newcomers as it entails a huge financial risk. Other than that I had also a question which is: would any of you recommend trading through an automated trading software? I am currently using Coinbase and they keep on proposing their automated dollar average costing platform, otherwise there are all those other ones like Bitbot Pro etc. I am always skeptical about these things so wanted your view as well.
I'd rather learn on how to trade first before jumping into these kinds of automated software. You can't use them properly if you do not know what you are doing.
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CashbackLover
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Sovryn - Brings DeFi to Bitcoin
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December 24, 2020, 11:46:36 AM |
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Hi all,
I am new to this forum and relatively new to the world of crypto. I have invested a few years ago in BTC and it did go well but then did not invest anymore, with this lockdown and all I am taking an interest again to see whether I could make this as a source of a somewhat stable second income using my existing extra income. All seems very exciting but also a bit mysterious and difficult to put a structure to as the information around the topic is quite scattered and confusing for a newbie. You may have answered this question many times but I was wondering if someone could help me with some points of reference to keep on growing my knowledge in terms of:
1. best reads or videos (books, blogs, websites, YouTube channels etc.) on how to invest in crypto 2. best forums (other than this one which seems great) and meet ups for crypto investors (I know Telegram but are there other more specific chats?) 3. newsletters and news on new upcoming ICOs and crypto projects in general (I use coin desk but what else is out there of reliable?)
Other than that I had also a question which is: would any of you recommend trading through an automated trading software? I am currently using Coinbase and they keep on proposing their automated dollar average costing platform, otherwise there are all those other ones like Bitbot Pro etc. I am always skeptical about these things so wanted your view as well.
Thanks in advance!
Stay away from any trading bot, there are very popular back in 2017 but now many prefers to trade themselves, some bot are very bad and they brings losses if care is not taken, it's better to trade manually, I use binance exchange for my trading and it hasn't let me down once
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