Cryptocurrency is in its startup to adoption phase. Although many news reporters and financial advisers with a backing in the stock exchange and wallstreet try to explain it they themselves lack the understanding and grasp of how the market will perform. As a result of this, disinformation becomes abundant as well as hidden agendas and market manipulation is rises. As a new investor these are terms widely used in the crypto space. Understanding how these words are used and on what type of media or social media it is implemented is key to making consistent gains as well as getting the whole picture of what is really going on.
For example a post on twitter from John McAfee ( a widely respected voice on cryptocurrency) can influence the price, volume and direction of a single coin within that hour as well as long term. Think of a ripple effect and 2 options arise. If the trend is caught in time high profits can be made. Disinformation as well as late information can crucially be damaging to your investment portfolio.
The app crypto singals on android has been a great tool for me to learn about other trends as well as opportunities cryptocurrency has to offer. It even has a team of analysts with chart updates from time to time. These chart analysts offer a buy point, sell point and even stop loss. keep in mind these are just predictions but it is still useful to learn how to read a chart correctly.
Nice article! Thanks for sharing what has helped you get into cryptocurrencies. Though I am already experienced in them, I'm sure this article would be helpful for newbies! I'm going to resteem this, and am definitely upvoting and following! I'll also recommend this for some of the people who are unfamiliar with this terminology.
Nice post!
@shredz7
thank you for the support I have much more material to put up including how to read charts and trade. Please stay tuned :)
Did we lose the resteem option???
maybe idk lol:)
I saw it earlier, but I'm not seeing it on your posts.