Successful investing in cryptocurrencies involves an interest in project development and following charts. You can learn a lot about this topic from the article titled “Websites and tools useful in trading“. It is also important to participate in communities. About where to look for them we will tell you below.
Reddit as the main information center
Reddit is a portal that hosts one of the oldest groups about Bitcoin (BTC). It has been active since 2010 and has already exceeded one million users after 8 years of existence. It features a wide range of information regarding the foundations of the king of cryptocurrencies, and the dynamic growth of the group’s users, in itself, already reflects the level of adoption of the coin. On Reddit, you can follow not only events related to Bitcoin. There are many groups, and the communities around them are very strong. So, if among the crypto projects there are some that you particularly sympathize with and want to keep track of their adoption, updates and any news, Reddit will definitely help you with that.
The groups in the Telegram app work similarly. So if you want to stay up to date with all the happenings, we encourage you to participate in the life of these communities.
The most popular social media
Twitter is a very valuable source of information. Watching the projects that interest us on it makes all the official announcements sent there, instantly reach us. Thanks to them we can immediately react to the often dynamically developing market situation. Furthermore Crypto Twitter is also an access to a wide range of on-chain analysts, among which we can find Willy Woo, well known to all, or the creator of the Stock to Flow Bitcoin model – PlanB. Whale Alert is also useful here, monitoring the flow of large amounts of cryptocurrencies to and from exchanges. This is an important alert for potential big moves in the market.
A huge role is played by creators on YouTube. They cover all sorts of analysis on their channels, and often present a collection of the most important market events of the day. Wide-ranging discussion panels are formed around them. This is knowledge in a nutshell and everyone can benefit from it. You too!
It’s hard to talk about social media without mentioning Facebook among them. It is also a valuable source of information and at the same time a wide range of discussion possibilities. Facebook groups are growing in importance. You will undoubtedly find information on them on a number of questions that bother you. Cryptocurrency exchanges also have their accounts there, informing about changes, innovations, etc. This is a channel through which they take care of the best possible service for their users.
Also, don’t forget about the loose communities that gather offline and speculate about the market. If you notice that there are such in your area, do not hesitate to join them. You can learn a lot from people who have been in the market for a long time. Your knowledge can also prove to be very valuable.
Cryptocurrency communities – are they worth participating in?
Having pointed out the values that cryptocurrency communities bring, it’s hard to think that they are unimportant. Therefore, YES – it is definitely worth being a part of this community. Your participation in it is not only a chance to expand your knowledge and earn money, but also to support the cryptocurrency ecosystem, which could not exist without the people gathered around.