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RE: What you need to know about private (paid only) trading channels

in #cryptocurrency7 years ago (edited)

interesting post, thanks for sharing your experience. i have found very accurate info for free just by paying attention to multiple sources and doing my own research. i don’t see the need to pay into these types of clubs unless you are really unable to do the work yourself; due to time, etc. just hang out in chats, forums, blogs, and social media (steemit of course). you should be able to put together a good portfolio this way, even make some quick money on the altcoins when they pop.

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Right, Twitter by it self is a wealth of info but the problem here is how you can trust in these random information you see all over the place. From 10 trading advice you get for free 9 out of them are from heavy bag holders that are spreading the word for their own profit. However, having a trusted source to verify your decisions with is a good option IMHO.

i would advise to not look primarily at crypto-news or financial news, rather at the fringe. if you are perceiving a macro view of all information, synapses are possible which validate trends and forecasts. crypto is by nature deflationary and unpredictable, so there is not going to be a truly effective way to analyse it using existing financial tools.

Yes correct. Even so, sometimes very simple technical analysis on some coins (like recently for me on LTC) can help you to get in for huge profits. So it shouldn't be underrated.

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