For newcomers and beginners, technical analysis in trading cryptocurrencies is too professional. Therefore, more people choose to trade based on news.
This is suitable for taking part of your portfolio for speculation. For example, if you see that XX coin is about to have good news, buying before that often leads to a price increase, such as the multiple times Bitcoin halving every four years resulting in significant price rises. Another example is when Musk announced that Dogecoin would go to Mars; it was also a good time to buy.
Therefore, obtaining cryptocurrency information in the first instance and accurately seizing the best investment opportunities is particularly crucial.
Now, I will summarize the main channels for obtaining information in the cryptocurrency space based on my 7 years of experience, as well as how to establish an efficient and quick source of information for oneself.
Currently, the channels to obtain blockchain information include:
1. Official website.
Almost every cryptocurrency has its own official website, which is the most authentic and comprehensive channel to understand the coin. On the official website, you can learn about the underlying technology, ecosystem, application scenarios, and which venture capital and investors are backing the coin, allowing you to comprehensively consider whether a coin has investment value from underlying technology to market prospects.
2. Navigation websites. Navigation websites almost meet all your information-gathering needs. However, many pieces of information within them can be difficult to verify, so one needs a certain level of judgment regarding the authenticity of the information.
I recommend a few well-known navigation websites: BeeCheck, My Token, CoinGecko, etc.
3. News media.
Some good media websites in China include: Mars Finance, Rhythm, ChainNode, Golden Finance, etc.
A few recommended foreign ones: Coindesk, Cointelegraph, CNN, etc.
4. Opinion leaders and influencers on social platforms.
Industry influencers have resources and channels to obtain first-hand information about the industry. Following them is also a great way for us to learn about investments and keep up with timely industry dynamics. Many industry leaders have social media accounts on Weibo, YouTube, Twitter, and Facebook.
5. Communities.
Each of us in the cryptocurrency space is both a recipient and a producer of information. Official websites usually provide official communities for player interaction. There are official Telegram groups, official Facebook groups, official WeChat groups, etc. In these communities, you can receive first-hand information released by the officials and grow together through discussions with group members.
After establishing your own channels for obtaining cryptocurrency information, it is even more important to understand how to filter useful information and distinguish the truth from falsehood.
