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The 10 Best Places to Learn How to Invest in Cryptocurrency

  • Alex Morris
    ⭐ Features

    U.Today has discovered the best ways to learn about cryptocurrency investment, and some of them might be surprising. From blogs to Wikipedia — we've covered it all!

The 10 Best Places to Learn How to Invest in Cryptocurrency
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Contents

So, you’ve been hearing about Bitcoin the whole year but you were still reluctant to jump on board. Maybe you found out about the currency last week? In any case, it doesn’t matter. If you weren’t (at least) emotionally invested in this subject before, there is a good chance your knowledge is very superficial, and there are plenty of things that have to be cleared up while you are learning how to invest in cryptocurrency.

Is Bitcoin a Ponzi scheme? Why is Bitcoin so expensive, and does it have any value at all? How do you invest in cryptocurrency? If you ever asked one of these questions, you are already in the ‘intrigue’ phase of cryptocurrency investment, and in order to further success with cryptocurrency investment, you need entry-level guidance.     

By having access to the resources that are mentioned in this list, you will be able to significantly speed up your learning curve.  

Reddit

Reddit has always been a rallying force that unites crypto enthusiasts throughout the world. According to Alexa, it is supposed to be the third biggest website in the world, trumping many social media giants. In order to start investing in cryptocurrency, you might consider checking many crypto-related subreddits. In fact, even some minor coins have their own vibrant communities on Reddit. Case in point: r/dogecoin, which has almost more than 127,000 subscribers.

Reddit

(Source: coindiary.net)

Before divining into any specific coin, you may want to check some general subreddits, with r/CryptoCurrency being the most popular crypto-oriented sub (more than 755,000 subscribers). The community is huge, but it might be overwhelming for new users, and it has many trashy posts. If you couldn’t find your cryptocurrency investment advice here, check out r/CryptoMarkets — a smaller subreddit with a knack for in-depth market analysis.

In order to realize why would you want to invest in a certain coin, you have to do profound research on the technology that underpins a certain coin. /r/CryptoTechnology is a perfect option for those who want to stay away from stale memes, fully focusing on the technical details (this subreddit only allows text posts).

Twitter influencers

Twitter is yet another contender for the top place to learn about cryptocurrency investments. You can get a real sense of the nascent industry by following the accounts of many influential personalities in the crypto space. On top of that, Twitter is generally considered to be the best source of breaking news. Keeping your fingers on the pulse of the constantly developing industry is vital for becoming a successful investor.  

Some of the biggest names that definitely should appear on your Twitter feed include:

Twitter influencers

Of course, while stepping into the wilderness of crypto Twitter, you should keep in mind that there is a lot of FUD and disinformation.  

Telegram channels

Telegram, the ubiquitous encrypted messenger rolled out by Pavel Durov, turned out to a major hub for crypto enthusiasts. Those who want to start investing in cryptocurrencies have to choose their strategy (from long-term holding to day trading). Anyway, it is always worth knowing what is hot in the world of crypto with the help of crypto trading signal channels — they are able to predict the price movements of certain altcoins with different accuracy. Crypto Addict is known to be one the most salient examples of such channels (they offer fairly accurate altcoins signals and even ongoing coin reviews).

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Apart from that, there are communities for all types of holders, traders, investors (whatever your niche in the crypto space is). You can get the freshest news about the coin you are holding as well as engage in discussions with other like-minded individuals. Here are some of the most popular crypto-related Telegram channels:

Name of the channel

Number of subscribers

DeCenter

75,100

Cointelegraph

53,700

ForkLog

44,000

News.Bitcoin.com

33,100

Penthouse

26,900

Cryptocurrency news aggregators and tools for analysis

To keeps tabs on everything that is going on in the world of crypto, consider following some of the most popular crypto-oriented news aggregators (including cryptopanic.com, coinspectator.com, etc.).

There is also a Blockchain calendar for all upcoming events — coinmarketcal.com. All the upcoming initial coin offerings will remain under your radar with icotracker.net.     

CoinMarketCap and tradingview are among the must-have websites every crypto trader should know about. These are perfect places for performing an in-depth analysis of cryptocurrency assets before making an investment decision.

Top crypto channels on YouTube

The world’s leading streaming service offers a lot of content on how to buy and sell cryptocurrencies (these videos even cover such far-fetched topics as building your own Blockchain!). Simply search the respective keyword, and you will find a myriad of related videos — a boon for those who want to learn how to buy cryptocurrency.

At the same time, there are top-quality channels with an already established community of crypto evangelists. Andreas Antonopoulos is one of the most prominent Blockchain experts in the crypto space whose opinion definitely matters to anyone who is making their steps in the world of crypto. In 2014, he rose to prominence after publishing his groundbreaking book ‘Understanding Bitcoin’.

Decentralized TV is a channel where a seasoned crypto expert covers the latest cryptocurrency news. Peter Saddington is the name of its famed host who bought a Lamborghini with crypto and also made numerous appearances on CNBC.  

Lastly, David Hay is a good choice if you are looking for a detailed analysis of most popular cryptocurrencies on the market that might end up in your in your investment portfolio.

Top crypto channels on YouTube

Popular cryptocurrency exchanges  

Once you’ve learned the basics of cryptocurrency investment and picked up the coin you want to put your money into, it’s time for some action with actual cryptocurrency investment sites.

Coinbase, an $8 bln exchange, is leading the way as one of the most popular exchanges on the planet. In its FAQ section, you can find the answer to any question pertaining to cryptocurrency investment. It also has top-notch customer support.

Popular cryptocurrency exchanges  

The list of other popular beginner-level exchanges where you can invest in cryptocurrency includes Kraken, Binance, Coinmama and more.

Online courses

Both Udemy and Coursera already have excellent courses for different levels of crypto enthusiasts, but you will have to shell out a dollar or two in order to get access to them.

Those who are already familiar with Coursera (and many similar services) should definitely check out their courses that are specifically devoted to cryptocurrencies. It’s a very convenient and entertaining way to learn more about the nascent asset class. All courses are designed by lecturers from top universities. It's the perfect icebreaker for those who don't know how to invest in cryptocurrencies.

On Udemy, Suppoman teaches more than 29 crypto-related courses for more than 270k of participants (and the price is rather competitive — only $12 per course).     

Bitcoin Wiki

For any kind of crypto-related content, you can also consult Bitcoin Wiki, which contains more than 1,150 pages of crypto-related content that pertain to exchanges, mining, and other issues that might be interesting for a run-of-the-mill cryptocurrency investor. The actual Wikipedia can also be quite informative. Ironically, the creator of the Bitcoin Wikipedia page never himself invested in any cryptocurrencies, but he certainly knows a great deal about how to invest in digital assets.

If you are a complete newbie who feels overwhelmed by a plethora of technical terms, it would be a good option to visit the Simple Wikipedia page. Here, everything is explained in a very straightforward manner, and numerous crypto-related articles are available in several languages.

Crypto-related forums and the blogosphere

Medium and Steemit both have a large crypto community. One can find information on practically any interesting topic here. Medium is a platform that allows startups to engage with their community, making certain official announcements.

Crypto-related forums and the blogosphere

Meanwhile, every Bitcoin investor definitely knows about the existence of bitcointalk.org, the legendary forum that probably represents the biggest community in the world with many members who jumped on the Bitcoin bandwagon early, but it constantly welcomes new investors. As of now, the ‘Bitcoin Discussion’ section alone features more than 2 mln posts, while the ‘Mining’ section also surpassed the 1 mln mark. With such a gargantuan amount of information, it won't be difficult to determine the best way to invest in cryptocurrency.

Mindset Training

While diving deep into the world of crypto, one should remember that the success of your investing (especially when it comes to day traders) largely depends on your ability to pull yourself together and control your emotions. Whether you are a beginner crypto investor or a full-time trader, it’s a good option to program your mind for success. "The Obstacle Is The Way" by Ryan Holiday is a good way to help you help you physiologically prepare for crypto trading. Part of this Udemy course also focuses on developing your trading mindset.

Conclusion  

Becoming a cryptocurrency investor from a scratch may not seem like an easy feat. However, our top 10 places to learn how to trade cryptocurrency, which includes the industry biggest influencers as well as the most vibrant cryptocurrency communities on the web, will certainly alleviate the task.

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Question of the Day: Can Stablecoins Accelerate Cryptocurrency Adoption?

  • Yuri Molchan
    ⭐ Features

    Stablecoins show hardly any volatility compared to Bitcoin and altcoins, many are hoping that they will be able to bridge new crypto economy and regular fiat money

Question of the Day: Can Stablecoins Accelerate Cryptocurrency Adoption?
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Contents

Bitcoin, the father cryptocurrency, emerged in hope that it will remove all intermediaries in electronic commerce that cut off their share of payments. BTC was perceived as a P2P way to replace fiat cash in an electronic format, which would enable one party to pay another without any financial institution or payment platform which would demand its share of a transaction as a reward for its services.

What is wrong with Bitcoin

For quite a while Bitcoin was performing the way the crypto community expected. But the situation changed later – BTC rate became weaker, thus bringing down its financial and economic reliability, when it gets to be used as a regular means of payment.

You cannot have a currency that would cost like a British castle today, a gram of gold – tomorrow and a pack of French fries the day after.

At that point practical fintech minds came up with an idea of creating something which would become a breakthrough in the universe of crypto – a so-called stablecoin.

Will stablecoins solve the volatility problem?

Technically, stablecoins are protected from the volatility roller-coaster that Bitcoin and other cryptos love to ride. They are programmed to keep their prices stable and investors now are largely attracted to this new type of digital assets.

Stablecoin does not show any volatility in its monetary value, since it has a fixed connection to an asset it is pegged to. The major goal of using stablecoins is taking the best from decentralized crypto coins and combining it with a constant value. Thanks to it, stablecoins can be used as a reliable means of trade.

Asset-pegged stablecoins

Asset-backed ones get their value from an asset as can be understood from the name. An asset provides the necessary value to a coin, as well as the necessary legitimacy.

A great example of an asset-pegged stablecoin is Tether (USDT). In spite of a series of scandals at the end of last year, it remains the most popular stablecoin in the crypto market.

Recently, it has partnered with the Tron Foundation to launch a Tron-based stablecoin.

Other examples are TrueUSD (TUSD), USD Coin (USDC), the Gemini Dollar (GUSD), and the Paxos Standard (PAX). They are all pegged to the USD.

Crypto-backed stablecoins

Some digital coins work in a similar way to fiat-backed ones, however, they are pegged to collateral crypto. That means that crypto assets that ensure the value of such stablecoins are stored in a wallet similar to escrow.

A good example of a crypto-pegged token is Maker, which is ranked 16 on CMC.

Algorithmic stablecoins

Even though, stablecoin can be interesting at first thought but the way they are built goes against the principle of decentralization that crypto coins have as a foundation. Thus, many crypto fans and evangelists are positive that stablecoins must be linked towards not a centralized asset but a computer algorithm which takes value from a balance between supply and demand.

Basis is now considered the most promising algorithmic stablecoin of all.

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Can stablecoin ensure smooth future for the crypto industry?

The primary goal of all crypto assets was and remains to come up with virtual asset that would be liquid enough and not vulnerable to market volatility. From this point of view, stablecoins are a dream of all crypto fans and evangelists of a decentralized economy.

Apart from the potential to conduct crypto transactions smoothly, experts believe it can bridge the two worlds – fiat and crypto, bringing them a mutually beneficial coexistence. However, that may take time.

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