It’s all well and good being told to do your research but let’s face it – there’s lots of information out there and it’s hard to tell the good info from the bad. Google “Bitcoin price prediction” and your search will return a trillion results ranging from “it’s going to zero!” to $1m per bitcoin. Generally, people have an agenda, which is why I take all crypto-related articles with a pinch of salt.
It’s also very easy when you’re investing to suffer from “confirmation bias” whereby you start to disregard good advice about investing or prices and only listen to the comments that tell you “Lambo soon”.
I prefer to get my information from a select few sources, each with its angle that meets the needs that I require at this stage in my crypto journey. They are, in no particular order:
Coin Bureau
According to Coin Bureau’s facebook page, “Coin Bureau brings daily cryptocurrency education to over 1 million subscribers on YouTube. Coin Bureau is dedicated to bringing you up to date news, information and analysis across all of the Crypto markets.
The Coin Bureau is your go-to resource for all news, analysis and insight on the Crypto Currency markets.”
You can subscribe to various CB channels, however the main two I use are Telegram and YouTube. CB post daily updates about things that are occurring in the crypto space as well as the wider landscape which can affect cryptocurrencies. Things like regulations, financial markets (such as the NASDAQ or Dow Jones), or any other political or economic happenings that could affect cryptocurrencies (such as price or legislation) can and will be covered by CB.
Coin Bureau also make really interesting ‘investigative-journalist-type’ videos, bringing content such as ‘How the rich and powerful launder fiat through shell companies and offshore tax havens’ as well as deep diving into individual coins and tokens and other content you won’t find in the mainstream news. To be honest, I find the content on Coin Bureau to be the highest quality that I have found. Lastly, the presenter, “Guy”, is very articulate and has a good sense of humor which is conveyed throughout their videos, so they are both educational and entertaining at the same time.
Carl “The Moon” Runefelt
A quick google search of Carl Runefelt will return the following:
“Carl Runefelt, better known within the crypto community and perhaps beyond it for his social media name – The Moon – is one of the most popular entrepreneurs in the field. He has over 500K subscribers on YouTube and has recently crossed the one million followers milestone on Twitter.”
The Moon releases videos daily, sometimes numerous videos if there is a lot going on with the price of crypto. Carl is a leverage trader using technical analysis to enter and exit positions. His videos are easy to follow, even if you are new to leverage trading. DISCLAIMER – DON’T START LEVERAGE TRADING UNLESS YOU ARE EXPERIENCED – YOU WILL LOSE A LOT OF MONEY.
I watch The Moon’s videos to get an idea about what the next moves are likely to be and why, from a technical perspective. It’s very interesting to see support and resistance levels and break-outs when they play out. Often the markets will move EXAAACTLY as Carl predicts.
The Moon uses different platforms to trade – which I will cover in a later article, but his current platform of choice is Bybit which is quite an easy platform to use. Sign up using his link to receive a bonus. As with Coin Bureau, I am subscribed to The Moon’s Telegram channel which links to his YouTube videos. Also like Coin Bureau, I find the technical analysis covered by Carl to be of the highest standard and the easiest to follow compared to any other analysts I have seen.
CoinMarketCap
As per the CoinMarketCap website:
“CoinMarketCap is the world’s most-referenced price-tracking website for cryptoassets in the rapidly growing cryptocurrency space. Its mission is to make crypto discoverable and efficient globally by empowering retail users with unbiased, high quality and accurate information for drawing their own informed conclusions.
Founded by Brandon Chez in May 2013, CoinMarketCap has quickly grown to become the most trusted source by users, institutions, and media for comparing thousands of crypto assets and is commonly cited by CNBC, Bloomberg, and other major news outlets. (Even the U.S. government uses CoinMarketCap’s data for research and reports!)”
Coinmarketcap is really useful for the black and white numbers relating to crypto. Here you can find the following data:
- List of cryptocurrencies, ranked by market cap
- Prices
- Percentage increase or decrease over 1hr, 1 day and 1 week
- Market Cap
- Volume
- Circulating Supply
Click on a particular cryptocurrency for more information and to find the whitepaper related to that cryptocurrency.
I find this website extremely useful in tracking how coins or tokens are performing and which are increasing or decreasing in value and over what timeframes. The website is also very useful in determining likely price scenarios based on how many coins or tokens are in circulation and whether or not the amount is capped. Obviously if a coin has no cap and intends to keep on issuing more coins/tokens it could negatively affect the price of that coin/token.
One of the most interesting charts on the CMC website is the “Bitcoin Dominance” Chart, which shows how much of the total cryptocurrency market cap is owned by Bitcoin. If you want to know a good time to invest in “alt coins” or when the next bull run will be, keep an eye on this chart and subscribe to The Moon’s Telegram channel.
As my investment strategies change and I become more conservative in terms of investigating in “safer” coins and tokens, I turn to CMC to see which are towards the top of the list.
Disclaimer – remember Terra/Luna and be careful.
Jamie Leahy