With so many developments in the world of cryptocurrency, happening almost by the hour, it’s certainly never dull. Unless you’re a financial expert with your finger on the pulse, how do you know when it’s safe to invest? Add to that the volatility of digital currencies, and even Wall Street vets are reluctant to navigate a seemingly endless slew of token opportunities.
When Bitcoin and Ethereum rise and fall like a Disneyland roller coaster, and market speculation sends prices spinning out of control, how do you get on board? It’s actually not as hard as you might think to become seasoned in cryptocurrencies, with the amount of resources available to you.
From online classes and training academies, to podcasts and news sources, you can become an informed spectator in a fairly short time. It’s worth noting, of course, that there’s substantial risk in any token purchase and the inherent volatility in the market makes many folks uncomfortable. The quickly changing landscape and abrupt regulatory decisions foreshadow more subtle or stagnant appreciation of tokens, at least in comparison to last year’s outstanding growth. Headlines of hacking attacks, price surges, and ICO funding theft tend to hog the limelight, and we’re seeing less coverage of everyday people reporting massive returns.
Still, the revolutionary nature of Blockchain technology has attracted many an investor, and will continue to do so. If you’re ready to join the list of token holders, here are some resources to consider.
Cryptocurrency Resources to Make Informed Decisions
Cryptocurrencies are like nothing we’ve seen before. They democratize the world of investing. Anyone with an internet connection and a bank account (and sometimes, not even the latter) can get on board.
But, with so much FUD (fear, uncertainty and doubt) running through the market, what may seem like a wise investment one day, can go belly up the next.
They say that innovation breeds innovation, and cryptocurrency resources are starting to pop up everywhere. Trading Mama is one such resource that I learned about at the CryptoFriends’ “New Girls on the Block” event during SXSW. It’s an online crypto trading school to educate those who want to dabble in the world of digital coins – and its actively inviting women into a male-dominated space.
If you’re new to the crypto world (and let’s face it, most of us are), devoting time to understanding the ins and outs is a good start.
“After two years in the crypto space, I’ve fallen more and more in love with it,” says Mariana Carrillo, Founder of Trading Mama. “There is groundbreaking innovation touching nearly every sector of society.” While most people know about Bitcoin, they’re unaware of many projects being carried out on the Blockchain. Change is already happening in energy, global development, and finance, to name a few sectors.
Trading Mama’s Crypto Trading School is a six-month online course in cryptocurrency that allows you to trade with relative confidence in a safe and supportive environment. Even if you currently have no knowledge of the industry, you can gain all the info you need throughout the course.
With tips on how to buy Bitcoin, Ethereum, and LiteCoin, and advice on investing and trading, this is meant to be a comprehensive program to jump-start your digital currency involvement.
Keeping Up to Date
In the fast-paced crypto world, keeping up to date with developments is key. So, following the right people and using the right cryptocurrency resources can help you stay on track.
Many factors can have dramatic effects on the market, from the threat of regulation to news about mining Bitcoin. One excellent podcast for learning the basics is The Bitcoin Podcast.
As one of the first podcasts to come out in this area, it’s a trustworthy and respected source for listening to expert opinions. There are interviews with business consultants, PhDs, mathematicians, banking professionals, and other thought leaders in the Bitcoin space.
There are currently more than 140 episode available, so you can listen at your leisure. Gain a better understanding of the technical side of the technology at a time convenient to you. Podcast guests come from all corners of the industry, so you’ll get well-rounded views.
Another important podcast for cryptocurrency resources is Coin Mastery. Rather than focusing on the background of Bitcoin and its technicalities, Coin Mastery serves the most up-to-date information on the cryptocurrency world.
You no longer need to trawl the web to find out the latest news, when you can get it here. Along with analysts’ opinions and trader discussions. This is the one to listen to once you’ve handled the basics and have a decent working knowledge of crypto and the blockchain.
There’s no need to have FOMO (Fear Of Missing Out), but you’ll want to be informed before entering such a tumultuous landscape. Understanding, for example, what to look for when vetting ICOs is an essential component in making smart purchasing decisions. With so many cryptocurrency resources at your fingertips that make dense content digestible, it’s becoming easier to navigate this brave new world.