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Investing in cryptocurrency

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A detailed guide from mining to choosing ICO projects, from trading algorithmic systems to cryptocurrency arbitrage

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Introduction

There are over 5,5 thousand different cryptocurrencies and this number is only increasing every day. For new investors and traders, the choice of cryptocurrencies in which to invest their own funds is becoming more and more difficult, since it is necessary to analyze a lot of factors that affect the value of a particular cryptocurrency. Consequently, the risks of investment and capital loss multiply. To become a successful investor or trader, you need to create a diverse portfolio of coins that you can easily manage, but it is a difficult task to do.

The cryptocurrency market offers a lot of investment opportunities. The main challenge is to miss out on as few investment opportunities as possible. You must manage to read hundreds of news from various media every day, and you need to keep track of different topics depending on your preferences. Constantly monitor ICO, STO, IEO entering the market. Constantly monitor the prices of different cryptocurrencies in an extremely volatile market. If you are involved in an Airdrop find a project that tracks the loudest ones.

The cryptocurrency market is changing at lightning speed. You must have timely access to the most important information for a better investment.

RESOURCES THAT EVERYONE WHO IS INTERESTED IN THE WORLD OF CRYPTOCURRENCIES SHOULD KNOW!

Hello. If you are interested in cryptocurrency, or if you are looking for promising cryptocurrency projects, or are a versatile investor, you must have high-quality resources to build your portfolio, track it, search for new projects, track the main news of the cryptocurrency world. Today I want to talk about the most popular resources that everyone who is interested in the world of cryptocurrencies should know.

One of the most important and sought after platforms is coinmarketcap. Coinmarketcap (Crypto-Currency Market Capitalization) is a service that allows you to monitor the capitalization of almost every cryptocurrency that exists today. With its help, on charts you can monitor the dynamics and trading volumes of any of the monitored cryptocurrencies for a different period of time. Most importantly, the service provides access to many more interesting features:


Rankings:

1. You can view recently added tokens,

2. Biggest Gainers and Losers tokens — that is, those tokens that have grown most in price per day and vice versa,

3. Derivatives,

4. Top DeFi Tokens by Market Capitalization.


Tools:

1. Cryptocurrency Converter Calculator, you can convert fiat money to any cryptocurrency

2. Add your favorite coins and tokens to your watchlist, you can track your favorite coins and tokens,

3. You can view historical snapshots.

CoinMarketCap Blog is a cryptocurrency blog that publishes news, market analysis, tips and guides. I think for many users this should be interesting.


Resources for tracking global cryptocurrency news:

https://www.coindesk.com/ — CoinDesk is a media platform for the next generation of investors to explore how cryptocurrencies and digital assets contribute to the development of the global financial system. Its mission is to inform, educate and connect the global investment community through news, data, events and education. Founded in May 2013, CoinDesk attracts millions of people interested in digital assets and blockchain technology.

https://neironix.io/ — NEIRONIX is an analytical multi-factor scoring platform for ICO projects, which performs multivariate analysis of a large amount of data using new mathematical methods. The platform is intended for analysis and subsequent effective risk management of investments in projects with a high degree of uncertainty. The mission of Neironix is to provide private and institutional investors with the necessary analytical data and effective decision-making tools.

https://pro-blockchain.com/ — a diversified company with partners all over the world. It has been operating since 2016 and, in my opinion, this company is one of the most promising in the CIS countries. The company cooperates with large projects in the field of cryptocurrencies.

https://www.theblockcrypto.com/ — The Block is a leading research, analytical and news brand in the field of digital assets. The Block team, founded in 2018 in New York, operates in 7 time zones, covering the global cryptocurrency and the 24/7 blockchain space.

CNBC

A major global media outlet that publishes news of the cryptocurrency market, including.

Medium A platform for social journalism, the service was launched in August 2012 by Twitter co-founders Evan Williams and Biz Stone. Now a lot of famous authors and publicists exhibit their works there, including about the prospects of the cryptocurrency market and promising projects.

Also a very important resource is You Tube. Here, in my opinion, you should pay attention to the number of subscribers on the channel, and also if you follow the forecasts made by the channel’s experts, you should compare them with the real situation of the cryptocurrency industry.


Russian-language channels:

Hamaha Биткоин Трейдер On this channel, the most accurate forecasts for the movement of the cryptocurrency market at the moment were published.

Трейдер Анатолий Радченко Here you will learn how to correctly approach trading on the stock exchange!

Alexander Gerchik If you want to trade, learn from the best. A. Gerchik has been heading an investment fund for more than 10 years.


English channels:

Suppoman

Doug Polk Crypto

Crypto Daily

Ivan on Tech

DataDash

BitBoy Crypto


If you are tracking new and promising ICO projects, you should definitely look at the information on various ICO trackers. There you will find everything you need — expert assessments of a project, project activity on your social networks, documents who are part of the project team, the project roadmap, tokenomics.


ICO trackers:


· https://topicolist.com/

· https://icobench.com/

· https://icotop.io/

· https://foundico.com/

· https://icomarks.com/


For communication with other users on the topic of cryptocurrencies, an important resource is https://bitcointalk.org/.

Bitcointalk is an online forum dedicated to discussing bitcoins, blockchain technology and cryptocurrencies.


Cryptocurrency statistics: https://bitinfocharts.com/ — the most complete statistics on a single cryptocurrency.

https://nomics.com/ — Nomics an API-first cryptoasset data company delivering professional-grade market data APIs to institutional crypto investors and exchanges. Project offer products and services that allow funds, fintech apps, and exchanges to access clean, normalized and gapless primary source trade and order book data.


All updates to cryptocurrency projects, when it comes out, what updates, conferences, hard forks will take place. An irreplaceable site when investing in certain coins and tokens:

https://coinmarketcal.com/ — CoinMarketCal is the leading economic calendar for reliable cryptocurrency news. It covers all events that help crypto traders make better decisions.

https://www.coingecko.com/ — CoinGecko provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalization, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics.

Our objective is to elevate crypto participants’ understanding of fundamental factors that drive the market. CoinGecko is one of the largest and earliest crypto data aggregators, operating since early 2014. It currently tracks nearly 7613 tokens from more than 423 cryptocurrency exchanges.


The best cryptocurrencies and fiat exchangers:

https://www.bestchange.ru/


Explorer — services for viewing network statistics:

https://etherscan.io/

https://ethplorer.io/

https://chainz.cryptoid.info

https://ethgasstation.info/


Trade:

Simple and intuitive for beginners, and powerful enough for advanced charts — TradingView has all the tools for building charts that are needed to exchange and view trading ideas. Real-time data and browser-based graphics allow you to conduct research from anywhere in the world, as there are no settings or complex settings. Just open TradingView in any modern browser and start building charts, learn and share ideas!

Get better at trading and investing by seeing what others are doing. Browse published ideas and click Play to see how historical forecasts actually played out. Publish trading ideas to your TradingView profile and push them out to Twitter, your blog, or any other place on the web. Start making your name in the trading community and get discovered by trading firms! Start sharing your ideas today! Criticize and argue, comment and add important details, be active! Together, all these interactions make up the precious nuggets of knowledge that can be used by various traders all over the world.

Overview of cryptocurrencies, their rating. If you are an investor you need a full analysis of projects, this will help you:

https://info.binance.com/en/rate/list An altcoin trader’s Handbook. The reports comprise of extensive metric analysis, a dissection of the project’s community and its developmental progress, and its technical soundness, culminating in a final grading.

https://www.altcointradershandbook.com/ Here you can find an overview of the cryptocurrency market, as well as reports on some coins and tokens.

https://research.binance.com/ Binance Research provides institutional-grade analysis, in-depth insights, and unbiased information to all participants in the digital asset industry


Cryptocurrency funds:

https://cryptofundresearch.com/ — Crypto Fund Research is the main resource for timely data and market analysis of crypto hedge funds and venture capital.

https://neironix.io/ru/funds — fund tracking.

https://500.co/startups/ — 500 Startups is the most active global venture capital firm. The project seeks to support the world’s most talented entrepreneurs and create prosperous ecosystems around the world. The project has supported more than 2,400 companies or more than 5,000 entrepreneurs in more than 75 countries.

https://republic.co/ — Republic — the financial portal and brokerage dealer are registered with the SEC and are members of FINRA, and if you are interested in startups at all, you’ve heard about Republic. Republic is part of a family of startup platforms along with AngelList and Product Hunt, one of the most trusted online startup ecosystems in the world. The project was launched in 2016 and did not stop there. A little over a year ago, they created Republic Crypto. Project has gained a reputation as an industry leader in regulated crowdfunding space and we continue to innovate on the democratization of start-up fundraising and investments.

Applications: https://blockfolio.com/ — The world’s most popular Bitcoin & cryptocurrency portfolio tracker. 100% free. Now with Blockfolio Signal, a first-of-its kind communications platform for receiving updates directly from team leaders of the tokens you care about.

https://coinstats.app/en/portfolio — Setup and track your portfolio manually or by syncing your wallets or exchanges.

https://www.cryptocompare.com/portfolio/ — CryptoCompare is a central authority for clear and concise information, offering unrivalled breadth, scope and depth of data, bridging the gap between the crypto asset and traditional financial markets. Founded in 2014, CryptoCompare is a global cryptocurrency market data provider, giving institutional and retail investors access to real-time, high-quality, reliable market and pricing data on 5,300+ coins and 240,000+ currency pairs. By aggregating and analysing tick data from globally recognised exchanges, and seamlessly integrating different datasets in the cryptocurrency price, CryptoCompare provides a comprehensive, holistic overview of the market. At a granular level, we produce: cryptocurrency trade data, order book data, blockchain and historical data, social data, reports and a suite of cryptocurrency indices.

Bounty and Airdrop is it realistic to become a millionaire?

You must understand that I am writing an article after the market has been bearish for 1.5 years. This is important because it is possible that when the cryptocurrency market begins to grow rapidly, almost all ICOs, IEOs, STOs will raise the necessary funds for the development of the project. Accordingly, it will be possible to earn much more money, since projects will conduct ICOs faster (IEO, STO) and go to exchanges.

Airdrop are various programs where you receive a certain number of tokens of any cryptocurrency project for performing certain simple actions on your social networks: subscribe to their page, like, write comments.

Bounty programs — a more extended reward: you can write articles, shoot videos about the project, produce larger programs on your Twitter and Facebook, Instagram account.

Based on personal experience, it should be noted that most likely from 60 to 80% of the airdrop projects that you have completed will not be paid to you. Since some projects do not enter the market, others did not collect the necessary amount in the process of attracting funds from the primary ICO, some projects require certain commissions to be paid for the transfer of their tokens.

Let us dwell in more detail: often these commissions are the same as if you just bought their tokens for this amount — that is, these amounts are comparable to the size of the airdrop itself.

Also often these airdrop discussions go on in a telegram channel and although you register your mail as well, most likely you will not receive an e-mail that you need to transfer a commission, so if you participate in a large number of airdrops, it’s very difficult to keep track of it or you’ll have to sit all day in telegram channels.

It is worth noting that airdrops, which hold large exchanges that have been on the market for several years, are almost always paid, but often this requires a complete identity check. The same applies to just an airdrop project — where you go through a full identity check, the chance of getting an airdrop is much higher. You should keep in mind that these projects may not ensure the safety of your data, since the projects are small, so there is little money allocated for network security.

Pay special attention to the airdrop and Bounty channels which lead different groups to telegrams and make announcements of all airdrop and Bounty. You should have the opportunity to contact the group administrator and ask a question why this or that fee was not paid and at what stage the project, when there will be a distribution of coins. If these channels determine and distribute remuneration, then the probability of payment is much higher compared to those who simply send links to new airdrops.

This is especially important if you are doing Bounty assignments, as it sometimes takes quite a lot of effort: writing an article or when you shoot your video about a project. Especially if you do it completely yourself, and not just copy information from the project site.

Never give any group administrators or mail your private wallet keys, always provide only your wallet address.

If you yourself are looking for a Bounty task in Bitcointalk, then always check these pages, since they may not be presented from the project at all, so no one will transfer any rewards to you.

You can follow the link to the site and ask the site administrator a question: is this Bounty really carried out by their project, only then proceed with the implementation of Bounty.

Sometimes airdrops appear for referrals. You can participate in them, but if you do not attract referrals, you will not receive a reward, so you can only support the person or community that provides you with new Bounty and Airdrop.

You should also understand that the time from the start of Bounty and Airdrop to the payment of rewards can be significantly different from each other. That is, a fee can be transferred to you both within 1 week and within one year — it depends on whether the project is successful or not, the situation on the cryptocurrency market and other factors.

When Swap tokens pass, the project writes about this mainly in a telegram channel or on its website. Again, if you participate in many cryptocurrency projects, tracking it is almost impossible. Therefore, you will not sell your tokens already received.

Another important point is when the token or coin goes on the exchange often after the start of trading, especially in today’s cryptocurrency market, the price of the token drops sharply, respectively, if you were counting on receiving $ 5—10 from Airdrop and missed the moment the token was released on the exchange, you can sell its only a few cents.

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