How Staying Updated and Informed About the Cryptocurrency Market can help in Having a Seamless Crypto Journey
How Staying Updated and Informed About the Cryptocurrency Market can help in Having a Seamless Crypto Journey
Recently I discussed with someone about cryptocurrency and in one of the discussions, I mentioned the price of bitcoin and the role it played in determining the price of other coins in the market. As the discussion went further, I realized that he was enjoying my flow of information yet he did not understand any of the things I was saying. This is the guy who has lost so much on cryptocurrency trading and stacking of coins. He told me how he had given up on anything cryptocurrency because of how it ruined his life. I was a little interested in the discussion so I asked him further how he was able to know the right coin to buy at that moment. He said that it was his mentor who would recommend a coin for him and he would buy from them. From that moment I realized that he was making a wrong decision by depending on the information from a third party. It was not a surprising thing to me hence I understood that it is rightly impossible for one to succeed in this industry without being informed and updated. I was once a victim of this hence, I decided to arm myself with the necessary information before embarking on any crypto journey. I have witnessed people lose a fat sum of money to cryptocurrency and going further to find out the reason for that, you will realise that he decided at the wrong time. Beyond knowing about cryptocurrency, another important factor is staying updated on the interplays of the market forces and the decisions taken by the wolves in the industry. Knowledge is power. The sudden pump in the price of BTC is believed to be a result of Donald Trump's reelection which was predicted before it happened. Therefore, an informed person will be tactically and strategically ready for such an event.
I learnt this lesson a hard way in my country when the president announced the removal of fuel subsidies. Immediately, the price of petrol skyrocketed. However, those who were not in tune with the latest news lost out on the profit that those in the industry enjoyed at that time. So, staying informed about the cryptocurrency news cannot be overestimated. There are various ways of getting cryptocurrency information. One is through the internet. Information can be accessed via the Internet. Before now, one of my reliable sources of information was via #dailyleo by leofinance. Every day they ensured that my email inbox buzzes with cryptocurrency information. Recently, it seems they are not consistent with it. However, few hive users are consistent in bringing the latest news on cryptocurrency and in the world of technology. Writers like @uyobong is a consistent writer that keeps me informed. @taskmaster4450 is also dedicated to bringing up to speed with the latest information that could help one to know the direction in which cryptocurrency is heading. Often, I visit the inleo thread and some useful information can be found there as well. On the whole, the Inleo community is a place where interesting posts on cryptocurrency are posted, and this information can be accessed free of charge.
Having the right kind of information at the right time is key to staying afloat in this industry
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