Cryptocurrency trading can be a daunting task for beginners. There are so many different factors to consider and various strategies to learn. Where do you even start? Luckily, there are some great influencers out there who can help guide you through the process.
How to trade Cryptocurrency?
Cryptocurrency trading can be a lucrative activity if done correctly. In order to trade it successfully, one must first understand the basics of the market and how it works.
Cryptocurrency is traded on a decentralized exchange, meaning there is no central authority or middleman. This allows for 24/7 trading and eliminates the need for a broker. It can be done using different apps like the-cryptoboom.com
The most important thing to remember when trading is to never invest more than you can afford to lose. Cryptocurrency is a volatile market and prices can fluctuate wildly. Always set stop-loss orders and take profit orders to minimize your losses.
When buying cryptocurrency, always do your research and only buy from reputable exchanges. Choose coins that you believe have a bright future and stick to them. Diversify your portfolio to reduce risk, but don’t spread yourself too thin.
Never trade on emotion – always trade with a clear head. Have a plan and stick to it. Emotional trading will only lead to losses.
Finally, remember that the cryptocurrency market is still in its infancy. Prices are highly volatile and could swing dramatically in either direction. Be patient and don’t panic sell if the market crashes – it will eventually recover.
A list of influencers
There are a number of different influencers in the cryptocurrency trading world that offer a wide range of insights and perspectives. Here are just a few that you should follow in order to get the most out of your trading:
1. Ivan on Tech is a popular YouTube personality and tech blogger who offers his insights on a variety of topics, including cryptocurrency trading. He has over 400,000 subscribers and his videos have been viewed over 35 million times.
2. The Crypto Lark is another popular YouTube personality that focuses on all things cryptocurrency. He has over 100,000 subscribers and his videos have been viewed over 6 million times.
3. Coin Mastery is a website and podcast created by Carter Thomas that offers news, analysis, and educational content related to cryptocurrency trading. His podcast has been downloaded over 1 million times and his website receives over 500,000 monthly visitors.
4. Crypto Bobby is a Twitter personality and YouTuber who focuses on providing information and education about cryptocurrency trading. He has over 50,000 followers on Twitter and his videos have been viewed over 2 million times.
5. The Crypto Street Journal is an online publication that covers all things cryptocurrency, including trading. They have over 100,000 social media followers and their website receives over 1 million monthly visitors.
6. @officialmcafee – John McAfee is the founder of McAfee Associates and a well-known figure in the crypto world. He’s also very active on Twitter, often sharing his thoughts on the market and various coins.
7. Andreas Antonopoulos is a bitcoin expert and author of several books on the subject. He’s also a popular speaker and educator, often sharing his knowledge with audiences around the world.
8. Roger Ver is an early investor in bitcoin and other cryptocurrencies. He’s also the CEO of Bitcoin.com and a big proponent of bitcoin cash.
9 . Tuur Demeester is an economist and investor with a focus on bitcoin and other digital assets. He’s also the founder of Adamant Research, a leading provider of analysis and commentary on the crypto markets.
10. Mike Novogratz is a former hedge fund manager and current cryptocurrency investor. He’s also a popular figure on Twitter, often sharing his insights on the market.
11. Crypto Michaël (@crypto_michael): Michaël is a popular trader and analyst who provides regular market updates and trading signals. He’s also the founder of the Bitcoin & Ethereum Academy, which offers courses on cryptocurrency trading.
12. Tone Vays (@tonevays): Tone is a well-known trader and analyst in the cryptocurrency space. He’s often interviewed on financial news channels like CNBC and Bloomberg, and he runs his own YouTube channel where he posts regular market updates and analysis.
13. The Crypto Dog (@TheCryptoDog): The Crypto Dog is a popular Twitter account that provides frequent market updates and commentary. The account is run by Zheng Zhao, a full-time trader who offers his followers valuable insights into the crypto markets.
14. GalaxyBTC (@GalaxyBTC): GalaxyBTC is another popular Twitter account that provides regular market updates and analysis. The account is run by Josh Rager, a full-time trader, and crypto analyst.
15. Filbfilb (@filbfilb): Filbfilb is a well-known trader and technical analyst who offers regular market updates and analyses on his Twitter account. He’s also the co-founder of CoinFi, a crypto research, and analysis platform.
Risks involved in trading Cryptocurrency
The value of cryptocurrencies can fluctuate wildly, and there is always the potential for fraud and theft. Before you start trading, it’s important to understand the risks involved.
One of the biggest risks is that the value of a currency can drop suddenly. This can happen for a number of reasons, including political instability, regulatory changes, or simply a shift in market sentiment. If you’re holding currency when this happens, you could lose a lot of money.
Another risk is that exchanges and wallets can be hacked. This has happened several times in the past, and it’s something that all traders need to be aware of. Keep your currency in a secure wallet and be careful about which exchanges you use.
Finally, remember that cryptocurrency trading is still a relatively new field. That means there is less regulation than in other financial markets, and there is still a lot of uncertainty about the future direction of prices. Be cautious and only invest what you can afford to lose. For more help check Bitsgap.
There are a lot of different cryptocurrency trading influencers out there, and it can be tough to know who to follow. However, the four influencers listed in this article are all great options. They offer different perspectives on the market, and their analysis is always insightful. If you’re looking for someone to help guide your trades, following one or more of these influencers is a great idea.