Why I Use the Slack App to find out about Cryptocurrencies, And How It Could Help You Too

About 6 months ago, I came across an invite to a Slack group for Pivx.  I had no idea what the heck Slack even was.  I was new to trading crypto.  So I downloaded the application, went to the website, and got plugged in.


Slack has been mentioned in many articles and websites as an innovative and effective way to get people to work together, especially if the members are from different parts of the world.  It's a no-brainer with the global community of cryptocurrency.  The Digital Humanities Initiative called it the "app of the week" in a post from June of last year.  MIT called it one of their "10 breakthrough technologies"    

The New York Times even featured it in their Technology section a couple of years ago as "The messaging App that could finally sink e-mail"

It's quite easy to see why once you start using it.  E-mail practically becomes a thing of the past.  Messages can be saved, accessed, and archived in a systematic and orderly fashion.  Screenshots can be shared with ease.  Files can be shared between everyone in your group with the push of a button.   

Slack, if used correctly, is a wealth of information.  I bought into Pivx early on.  And I ran into some people that I recognize on Steemit today.  So what is Slack?  Well, it's a community message board that updates in real time.  Think of it like a chat room.  Different rooms can be created for certain purposes.  Most coins, especially if they are active in development, have their own Slack.  You may be asking yourself, "I have enough trouble keeping up with everything else, why would I want to add another community to my growing list?"  I'm not saying that you have to join Slack, but I'll go over my own experience below and you can make your own informed decision.

I'm currently in the PIVX, Particl, Coinigy, XtraBytes, and AntShares Slack groups

Slack Advantages

1.  Ask questions about a coin BEFORE you invest in it

Not sure about the roadmap of a coin?  Want to really make sure of some things before investing?  Would you like to get answers directly from the team?  You can ask them.  If the developers themselves are not active everyday, most groups have people delegated to certain positions, such as Social Media Manager, Moderator, etc.  FAQ's are generally posted as well.  Gihub updates are posted.  Do you have a question about something you read on the Bitcointalk ANN page?  Go to the Slack and ask.  

2. Access to News Before it Hits Other Media Outlets

 News about pending releases, roadmap updates, development updates, community updates, etc . . are almost always shared with the Slack community before they go out to Twitter, etc.  If they are not, you will at least have a general idea of when those updates will go into effect.  If you wish, you can capitalize on these opportunities. Being in the Slack gives you an advantage over people who are not.  

3. The Trading Rooms

Some of the best information I received was through other Slack members in the trading rooms.  Of course, you will have to do your own research to verify the facts, but a lot of these guys are super knowledgeable.  The first group I joined was the Pivx group.  I was originally told about another newer project called XtraBytes (XBY).  I did my own investigating, liked what I saw, and invested quite heavily in the coin.  My ROI has been insane and I hold two STaTiC nodes.  I might never have come across that information if I wasn't in the Slack.  

A screenshot from the XtraBytes Trading Room

It should go without saying that this is crypto, so there are trolls and pump and dumpers involved here.  Again, make sure to do your own due diligence on things that are discussed.  But XBY isn't the only tip I received.  

4. Getting to Know the Community

The crypto community is pretty great.  I've met other Steemians in various rooms.  We've got running jokes now.  It's almost like we're old friends.  If I'm not around for a couple days, one of them will ping me and ask me what's up.  Or if I sold my coins lol . . But the atmosphere is generally positive.  There are idiots in every group, and Slack is no exception.  In my opinion, the good far outweighs the bad.

Adding this app to my already extensive library of cryptocurrency research tools has had overwhelmingly positive results. And . . . it's pretty damn fun in those rooms.  If you happen to join any of the groups I'm a member of, give me a shout out at fishfishfish313

Thanks for reading.  If you enjoyed this and feel like you benefited from the information, I'm always down to receive some upvotes, follows, or resteems.  

Do any of you use Slack?  Let me what you think in the comments below?

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This post received a 4.7% upvote from @randowhale thanks to @shawnfishbit! For more information, click here!

@shawnfishbit I LOVE SLACK! I think it is a really cool platform that allows a community to be a 24/7 hotline for help and interaction. For those that suffer from anxiety but are passionate about a subject, it can give them a voice in a group.

I love seeing social media used in such positive ways. Also, it's great that they help use make $$$


I absolutely agree. I never thought about it in that way. I'm not the most social of people under certain circumstances, but I don't have a problem in places like Slack or Steemit! Nice insight.

Thank you I found your article very helpful, slack channels are great for vetting new coins. I added you to my follow list and upvoted!


Yea, it is a really good resource. Once I got a little bit more hip, it got easier to see through the BS. Unfortunately, there is still a lot of it here in crypto, especially with the low volume coins. But once in a while, I'll find a diamond in the rough haha . . . Slack helps me find those.

@shawnfishbit, I just downloaded slack in my mob. Let me see how it goes..


Yea, let me know how you like it.

I use Slack for work! Did not know of the Pivx group. I will definitely join this. Thanks!


A lot of those Slack groups have been great. I've met some really cool people in there. And . . . the tips that come through the trading channels is always nice lol

Great tip ! haven't used it yet. I sure will check it out !!

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by ShawnFishBit from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.

Thanks for sharing. I want you to check out some of my podcasts. I have one out in particular advising on how you select what crypto-currensy to invest in. Here's the thing is. The market is fairly new so there are other ways you'll have to go about determining if a particular cryp will go up. The market is younger than 4 years old . SO even if you can speak to developers, yeah it helps...But even they themselves know that its a roll of the dice.

Great read. I will scope slack out as I am rather new to all of this crypto world. I'm doing as much DD as I can before actually diving in coins.

Great post! Was looking to Slack and needed some channels to join. Any more recommendations will help people!