With global markets moving up from oil and stocks to crypto, you might not want to invest in Bitcoin (BTC) now. However, if you believe in its long-term potential, pro-investors will always ask you to buy it.
Warren Buffett states that the best time to invest is in a climate of fear - and it's pretty scary out there now. He may not be in a hurry to buy Bitcoin, but you can bet he is targeting other assets at cheap prices. If you want to lead and take part, these five top tools can help you.
1. Telegram
There are lots of suggestions, if you are going to invest in Bitcoin or another crypto, in this case, you must have a Telegram account. There's a lot of information on this giant social media platform and you can join certain groups, get news, ask questions, and get to know market sentiment in general.
2. TradingView
In a way, if you only want to invest in Bitcoin and hold it for the long term, you might not need to go too far into TradingView.
But if you really want to understand more about what causes certain volatile movements, find out what prices the top analysts produce in the crypto room, and even become part of the community, this is the top tool to help all of that.
3. Google Authenticator
Google Authenticator is a must-have application on your mobile if you open an account with an exchange such as Coinbase and activate 2FA. This is much more convenient than receiving text messages to your phone number because you can change your sim or can't receive a text when you travel.
With Google authenticator, you won't experience that problem. It's free and you only scan the QR code once to receive a unique code every time you enter, adding protection to your funds.
4.Ledger or Trezor
Activating 2FA is definitely a good start, it is far better to save your funds in cold storage if you are going to invest in Bitcoin for the long term. Some people prefer Trezor with a wide touch screen while others believe in Ledger.
Being able to connect the Nano X with your cellphone and make transactions while on the go is definitely a cool feature. But Gray Corazon from Trezor is definitely something beautiful. In the end, which interface you prefer suits your personal tastes, but correct Bitcoin storage is very important.
5. Twitter
Like it or not, Twitter is an absolute must if you want to stay informed about the latest developments in the cryptocurrency space. You will find many things from reading the comments of key players in the industry and taking part in some heated debates.
Watch Out! Crypto Twitter is not for those of you who have empty knowledge about crypto, because this can make you really addicted and also confused. So as with investment or trading assets, never invest more time (or money) than you can afford to lose to Bitcoin. Agree!
I use TradingView, Indodax, and Binance Brokers. TradingView to match technical graphs, Indodax for BTC to IDR exchange, and Binance for trades that are not in Indodax.
The rest, I prefer to use Binance because it has a graph that I prefer. Twitter is only for viewing trends, however, it cannot be taken as a benchmark and Telegram for communication with the cryptocurrency community.
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Nice tips you shared with us...Nowadays cryptocurrency plays very important role to increase our money...So everybody can get help by those tools you shared