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Crypto Communities and Where to Find Them: Looking for Crypto Trading Tips, Discussions, and Fights

Crypto Communities and Where to Find Them: Looking for Crypto Trading Tips, Discussions, and Fights

June Katz 9 min read
There are many crypto communities on the Internet where people communicate on the topic of cryptocurrencies. There are so many that it is sometimes difficult to find really useful sites. Therefore, we have made a selection of crypto communities where crypto-enthusiasts can get new knowledge, tell about their experience and find like-minded people. Note that nothing in this article should be interpreted as trading advice. Neither do we necessarily agree with the opinions of the personalities and members of the communities mentioned below: we just think that discussions make the crypto world more vibrant and interesting. Reddit Cryptocurrency Boards The Reddit platform is built on discussion, allowing subreddit participants to benefit from the knowledge of more experienced participants. In addition, Reddit's boost and downgrade feature can help you distinguish useful information from harmful. Subreddits are small communities dedicated to a specific topic in the Reddit ecosystem. This has made Reddit a great tool for the fast-growing diverse crypto industry, where topics covering all aspects of cryptocurrency are discussed. Here is our selection of the 10 most popular subreddits for crypto enthusiasts in 2022. Crypto News & Discussion r/CryptoCurrency If you are looking for a reddit board with crypto news, the chances are good that you will find it in the Cryptocurrency News & Discussion community. With over 4.9 million members, it is the single largest crypto reddit. This subreddit is home to thousands of active users who are constantly sharing their opinions, analysis, and thoughts on a wide range of coins, tokens, and blockchain developments. Bitcoin for Beginners r/bitcoinbeginners This bitcoin reddit is one of the best places for beginners who are not familiar with Bitcoin and cryptocurrency in general yet. There are posts dedicated to teaching newcomers how crypto and blockchain technologies work, their future use, and the best ways to trade. The guides described in this subreddit are not limited to bitcoin and include the most popular altcoins . CryptoMarkets r/CryptoMarkets This is one of the best subreddits dedicated to crypto trading and market analysis. The participants also offer excellent information about cryptocurrency exchanges and various applications that will help you better analyze the market. Crypto General r/Crypto_General Although the name implies that this subreddit discusses general cryptocurrency topics, the emphasis is on high-quality, in-depth reviews on topics in various crypto areas. Altcoin r/Altcoin If you want to learn about any cryptocurrency other than bitcoin, then the Altcoin subreddit is for you. The discussions are based on news, trends, market indicators, and forecasts regarding cryptocurrencies such as Ethereum , Cardano , and BNB, as well as recently launched altcoins. DeFi r/DeFi The revolutionization of traditional financial services has made decentralized finance one of the most discussed crypto topics. This crypto subreddit is dedicated to informing you about all the developments in the DeFi ecosystem and how to use DeFi protocols. ICOCrypto r/icocrypto Discussion of new crypto projects that are about to be launched through initial coin offerings (ICO), mass sales, and token sales. Cryptocurrency Technology Focused Discussions r/CryptoTechnology This subreddit with more than 331 thousand participants is dedicated to serious technical discussions discussions about cryptocurrency and the underlying blockchain technology. Unlike most other similar subreddits, there are no discussions of cryptocurrency prices, market indicators, advertising content, or memes. Crypto Moonshots r/CryptoMoonShots If you want to find a crypto project that is about to make a quantum leap in its market capitalization, then you should visit this subreddit. Discussions are centered around the analysis of cryptocurrencies with low market capitalization and growth potential. It became a fan favorite, garnering more than 1.6 million subscribers. Bitcoin r/Bitcoin One of the oldest crypto-subreddits dedicated to the pioneer cryptocurrency closes the list. Since 2010, this community has focused on everything related to Bitcoin, from news to opinions, trading guides, and memes. Telegram Crypto-groups Subscribing to telegram channels is an easy way to keep up to date with the news, be the first to learn about all events, and receive trading signals and forecasts for digital assets on time. Unfortunately, not all Internet resources are equally effective, and the topic of cryptocurrency has always attracted scammers due to a large number of new, inexperienced users. Beware of "signals" and channels that seek to make money on their subscribers, promising profit. No one will give you the " secret of success" because there is none. Below is a selection of telegram channels about cryptocurrency. "Flagship Funds | Investments" Flagship Funds | Investments The author's channel of a Swiss investment fund specializing in decentralized finance and NFT . The channel tells in detail about the latest trends in the cryptocurrency market, NFT, DeFi, and initial placements (IDO/IFO). The channel's authors are recognized experts with many years of experience in the largest investment banks and funds. All information is presented in a structured form and is easy to understand. On the channel, you can get acquainted with reviews of transactions, analytics of initial placements, and investment ideas. “Altcoin & Bitcoin Trading” Altcoin & Bitcoin Trading Telegram channel about cryptocurrencies, specializing in technical analysis of the market, current news of the blockchain industry, as well as investment signals. “Rocket Wallet Signals” Rocket Wallet Signals Telegram channel about trading. Its authors publish cryptocurrency signals daily and assess the current market situation. There is a lot of information that appears faster than in the media. Rocket Wallet Signals can automatically execute cryptocurrency signals via a trading bot. The project will be useful for both novice traders and professionals. The authors of the channel give important explanations of the signals and regularly share the results of their work. Discord Cryptohub Cryptohub Discord A great channel for those who have just started their journey in the world of cryptocurrency. Here beginners can get basic knowledge and direction for further development. r/CryptoCurrency r/CryptoCurrency Discord This discord is the channel of the largest cryptocurrency subreddit, where there are subchannels about almost everything: trading, DeFi, NFT, farming, altcoins, mining , and whale transactions! Larva Labs Larva Labs Discord Larva Labs is the largest Discord NFT server created for discussing where you can buy and sell NFTs and get updates on what is happening in the crypto world around them. Spacestation Spacestation Discord Although the server was created as a community in which Ethereum miners communicated, now some subchannels cover almost all the main topics related to cryptocurrency. Twitter Personalities Vitalik Buterin (@VitalikButerin). The creator of the Ethereum blockchain, on which the entire sphere of DeFi and NFT sits tightly. An impressive (albeit eccentric) leader of the Ethereum community and an authority on the crypt. Barry Silbert (@BarrySilbert). CEO of Digital Currency Group and Grayscale, the largest regulated crypto company that creates "traditional" financial instruments based on crypto. Gavin Wood (@gavofyork). One of the main startupers in the crypt. Participated in the founding of Ethereum, Kusama Network, Parity Company, and the Web3 Foundation. He also became the founder of Polkadot and now writes mainly about it and the direction of Web3. Mike Winkelmann (@beeple). One of the most famous NFT artists of our time hails from the USA, known to many under the pseudonym Beeple. Paves the way for art in the fields of VR and AR, which in the future will have a great impact on the development of metaverses. Rekt Capital (@rektcapital). A trader who supports his forecasts about price trends with high-quality charts. Andreas Antonopoulos (@aantonop). Economist and author of bestsellers about crypto, bitcoin, and the global economy: "Mastering Bitcoin", “Mastering Ethereum" and “The Internet of Money". Brian Armstrong (@brian_armstrong). Founder and CEO of Coinbase. After it went public in the US in 2021, Coinbase became the most expensive crypto company in the world. Coinbase is the most popular crypto trading platform in the United States, and the company also operates in dozens of other countries. Cryptomedia Bloomberg Crypto (@crypto), CoinDesk (@CoinDesk), The Block (@TheBlock__), Cointelegraph (@Cointelegraph), Decrypt (@decryptmedia), Bitcoin Magazine (@BitcoinMagazine). On-chain analytics platforms Messari (@MessariCrypto), Glassnode (@glassnode), Santiment (@santimentfeed), CryptoQuant (@cryptoquant_com), CoinMarketCap (@CoinMarketCap), CoinGecko (@coingecko), Dapp Radar (@DappRadar), DeFi Pulse (@defipulse), Whale Alert (@whale_alert). Market news and analytics Income Sharks (@IncomeSharks), Bankless (@BanklessHQ), Bitcoin News (@BTCTN), Altcoin Daily (@AltcoinDailyio), Real Vision (@RealVision), Bitcoin Archive (@BTC_Archive), Documenting Bitcoin (@DocumentingBTC). Investment funds and investments Paradigm (@paradigm), Pantera Capital (@PanteraCapital), Blockworks (@Blockworks_).
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Top 5 Bitcoin Myths Debunked

Top 5 Bitcoin Myths Debunked

June Katz 4 min read
Despite the fact that Bitcoin has been around for over eleven years and has gained numerous supporters over the course of its existence, there are still multiple misconceptions associated with it, further endorsed even by notorious financial institutions like Golden Sachs. They are based on faulty analysis, irrelevant arguments, and outdatedinformation. The ultimate goal of understanding Bitcoin can be achieved by providing every one of such questionable statements with facts and explanations. Myth #1: Bitcoin’s volatility obstructs it to be a trustworthy financial asset In reality: It actually proves the credibility of its monetary policy People criticize Bitcoin for its fluctuations in price and see this as an obstacle to being stable or a favorable unit for storing and investing. There’s a microeconomic politics trilemma called The Impossible Trinity which explains why it can’t be any other way. Simplified, you can only have two of the three factors in a monetary unit: fixed exchange rate, independent monetary policy, and free capital movement. Any one of these factors would contradict the other two. For Bitcoin, the odd one is the fixed exchange rate. Fiat money follows the principle as well and Bitcoin’s volatility is nothing but the logical outcome based on this trilemma. Moreover, Bitcoin’s volatility declines over time. The more it is adapted, the less the fluctuations in price will be in their amplitude. Bitcoin’s purchasing power, as a result, has also shown growth despite all the volatility. Its price has been increasing by roughly 200 percent every year since 2011 despite the fluctuations within the year itself. Since 2014 it has also shown growth as demonstrated by the lowest price each year. Myth #2: Bitcoin is an isolated form of payment that is used by a small number of people In reality: Bitcoin has full potential to become the payment instrument of the future People question Bitcoin’s capabilities of being a proper investment active that won’t disappear and lose its worth one day. Another argument is that it doesn’t hold any value in it. Contrary to these arguments, Bitcoin possesses positive characteristics which can make it the equivalent of gold but in the digital world. It is transparent, divisible, safe to use, and verifiable. Experts expect continuous growing demand for Bitcoin. Currently, its market capitalization is 2 percent of that of gold.  Myth #3: Continuous forks and copies will eventually lead Bitcoin to lose its value In reality: Bitcoin’s value can’t be duplicated by software alone Bitcoin’s software is free and open-code and technically, anyone could copy it, just like users can make copies of digital files. However, this won’t necessarily increase the number of Bitcoins themselves in circulation and the new networks still comply with the same sets of rules and principles. Instead, it stimulates the market and gives the opportunity to create new projects and coins. Bitcoin still stays deficit and the number of new coins created doesn't equal in value to the original Bitcoins. It was proven that forks still couldn’t influence Bitcoin’s number of active users, hashpower, and liquidity. Myth #4: Bitcoin is mainly used for performing criminal and illegal operations In reality: It is against any form of censorship Everything that people don’t completely understand they generally label as bad or dangerous. This is the case with Bitcoin which is criticized for financing criminal and illegal operations. At its inception, it was accused of hosting a black market platform. In reality, Bitcoin is negative towards any case of censorship and puts this principle among its core values. The platform itself is as helpful to criminals as any asset in the real world, be it the Internet or mobile phones. The percentage of Bitcoin operations connected to illegal activity is actually less than 1 percent, so it is surely not used exclusively to fund crimes. Moreover, most illicit activity still happens with fiat as demonstrated by both absolute and relative terms. Myth #5: Bitcoin is a waste of energy In reality: It uses more resources than gold or banks but for the sake of safer transactions The hefty sums of money accumulated as a result of mining Bitcoin are posed as a guarantee that the transaction was made. Bitcoin’s supporters see this as its fundamental difference of the cryptocurrency from other forms of using energy. They claim that there’s a balance between the calculations made and the safety of the transaction. While Bitcoin spends more in one place, it uses less in other aspects. The estimated dollar cost of Bitcoin mining per GJ spent is 40 times more efficient than traditional banking, and 10 times more efficient than gold mining. It also uses renewable energy and has the intention to solve the problem of regions that have unused power.  Conclusion While Bitcoin is relatively complicated and new, it shouldn’t discourage its critics from doing proper research based on facts and logic rather than indulging in urban legends about it. There should be a constructive debate between its supporters and protestors. So far, Bitcoin has proven to be a good candidate for the role of the digital money of the future, to use power effectively, to have credible monetary policy, to be censorship-resistant, and independent of fork and copies.
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