On May 22, 2010, Laszlo Hanyecz bought two pizzas for a disturbing fee of 10,000 BTC. If only he could see the future of Bitcoin and cryptocurrency, he would have just swiped his card or used cash.
But that’s the thing about the crypto world; you never absolutely know!
So, if you want to increase your odds of trading your way to crypto riches, you need to be a trend whisperer and not a trend follower. And, with many fake insights flying around, the big question is, how can you keep up to date in the ever-changing crypto world?
Let’s discuss.
The truth is that there’s no one perfect way to keep up, and sometimes, it all just boils down to luck.
Nonetheless, as far as making efforts go, crypto email newsletters are a good start. These newsletters summarize the latest news and trends in the cryptoverse, curated by different crypto platforms and delivered straight to your mailbox at scheduled intervals like weekly, daily, or monthly. The depth of the details you receive depends on the source, with some going as far as providing you analysis, crypto market capitalization, and even predictions of the next big cryptocurrency to replace fiat money. Popular options include Bitcoin Magazine, Cointelegraph, Coindesk, and The Block. These outlets basically give you the latest news and updates, leaving you to do with the information whatever you please.
However, if you’re looking for a clear directive on the steps to take in the crypto realm, you might be better suited to subscribing to trusted crypto signals services on Telegram and Discord servers. Keeping up this way brings you closer to enthusiasts like you who have some skin in the game and the teams behind a project or coin. So, you have a higher chance of getting real-time information from the crypto community and different crypto teams. There are even Telegram services run by the top crypto industry experts, so you can ensure the information you’re reading is accurate.
These signal services and Telegram channels are often paid for, making it a tad difficult for beginners. A good option for individuals in this category is crypto Twitter (or X, as it’s now known). X, an open pool of free crypto resources ranging from discussions and news to expert takes from the entire crypto community. Key announcements, token listings, you name it, crypto enthusiasts are constantly dropping them there! You just need to follow the proper accounts to keep up with the happenings. With X, you enjoy a variety of perspectives on current happenings. Conversely, you risk missing out on some details if you don’t constantly and thoroughly scroll through your feeds.
While it might be exciting to hear hot takes from different “crypto experts,” information about specific crypto coins and projects doesn’t get more authentic than what’s on the project website. If you’re monitoring a particular coin, it is strongly advised to stick to the project website to understand its features and roadmap. As long you’re consulting the original website and not scam websites, you’ll find links to blogs and social media accounts that give you more information about the project. These resources should help you decipher if the project is a worthwhile investment in time.
In contrast, if you’re the type to do your own research by following the numbers, on-chain metrics and analytics tools should be your focus. Glassnode is an excellent example of these kinds of platforms offering data and analytics from the blockchain. It gives you a bird’s eye view of the crypto market by allowing you to compare data points like the percentage of bitcoin in profit and the number of crypto addresses. Other examples include Lunarcrush, Blockchain.com, and many more.
In the end, keeping up to date with the ever-changing crypto world boils down to researching the right cryptocurrencies and your preferences for keeping up with the trends. Do your research before making any move. Who knows? You might just buy half a slice of pizza with 10,000 units of the next BTC — or sell it!