How to stay on top of your crypto trading game

By Emmanuel Sunday

Many people believe crypto trading is a scam. On the surface, one would think they're naysayers yearning for attention, but if you take the time to look beyond the surface, you'd discover they've had a terrible experience trading cryptocurrencies.

Take my friend David as an example. In 2019, he heard about crypto trading and decided to give it a try. The thing is, he wasn't the sort of guy who would jump on what you ask of him without trying to get more information or verify himself.

But his son was sick, about to go under the knife and he didn't have enough money on him to cover the medical expenses.

It was during this period he was introduced to trading cryptocurrencies, by a friend he held dear at heart. The reason he quickly embraced the idea without asking questions. "You don't need any form of training, just buy this coin and you'll make enough money to get your son out of that shithole" his friend had assured him, even citing the internet to back up his claim. At the time, that particular coin held the attention of the media, so he was sold.

He desperately did as he was told. To cut a long story short, he lost both his money and his son. Till this moment, he's still struggling to get back on his feet and would make an enemy of anybody that tries to preach the gospel of cryptocurrencies to him.

The other day, he told me he feels responsible for the death of his son, and that his conscience is yet to find peace. If only he was told how the crypto market works or he had remained loyal to his "gather enough information before involving yourself" policy, he might have saved his son's life.

Key tools to help you stay on top of your trading game

Today, you'll discover how to stay on top of your trading game, so you won't let your emotions trick you. Let's learn 🚀

You are about to discover how to stay on top of your cryptocurrency game using certain tools. You might be familiar with some of these tools, you might be using some of them already, and maybe, on the other hand, you just don't want to use them. But trust me, as long as you're in the cryptocurrency trading game, you need certain tools.

There's nothing like: I don't like Facebook, I don't do Twitter... that sort of stuff. You need them.

Let's get started with the first one.

1. Subscribe to Bitcoin Insider 

This is where you'll get relevant information on how to go about your cryptocurrency journey. You'll get access to up-to-date news, topics, and even teachings that'll help you as you embark on a journey where most beginners struggle to find their feet.

2. Twitter

You need to have a Twitter account. This is where all the gossip, talks, and trends start. What you want to do is go on Twitter, follow all the crypto projects you're interested in, follow the big influencers, and get to engage with their tweets (like, comment, retweet).

The reason is that the more you engage the more the Twitter algorithm will show you trends, tweets, and threads about cryptocurrency.

3. Cypherhunter

You can go to cypherhunter.com and look up projects you are interested in. When you get there, click or search for the project you want to know more about, and it'll show you the information about the project including but not limited to the venture capitalists, individuals, and companies that are behind the project. That will leave you in a pre-informed position to know if to go long-term or short-term.

4. YouTube 

You'll have to follow YouTube influencers talking about cryptocurrencies. All you need to do is go on youtube, search crypto-related keywords, and as soon as you see one, the algorithm will present you with different options.

You want to get it right, right? You'll have to put in the work. Subscribe to some of them, watch their videos, et cetera.

5. Facebook 

Most people say "Facebook is dead, nothing is happening on Facebook," but trust me, you want to go search for crypto communities on Facebook.

They will ask you a few questions to know if you are for real before letting you in. When they let you in, try to engage, gather the right information, and make good use of that information.

6. Telegram 

I've seen someone who said, "I have WhatsApp, I don't need Telegram." Well, as long as you are in the crypto space, you need Telegram, because you need to be in the Telegram channel(s) of the project you want to invest in, so you get first-hand information.

It is also a good idea to join other Telegram communities to hear what people are saying about projects and get to know what they suggest so you can make research that'll help you make a solid-informed decision.

Author Bio

My name is Emmanuel Sunday. I am an independent journalist and content strategist who takes full advantage of crux journalistic and marketing theories to tell unique stories. While I've covered stories across Finance, Marketing, Tech, and Gaming, I like to think I speak fluent Crypto. Here's my Twitter handle: @jamesabuchi2000