Lets face it…the complexity of the crypto industry is too overwhelming for newcomers with little technological background. Decentralization itself is a new concept, let alone trading, mining, understanding proof of stake or smart contracts, setting up masternodes etc.
However, if you’re a fan of cryptocurrencies, it makes sense to learn as much as you can about the industry you’re exploring. If not, it will skin you alive. Crypto industry is the one place where your dreams of riches really can come true, but at the same time it’s dangerous and terrifying. In a market that moves so quickly, thousands of dollars can be lost in a matter of minutes if you don’t know what you’re doing.
While there is an abundance of information out there, finding the RIGHT information is like looking for a needle in a haystack. Crypto market is overflowed with shillers and fake influencers who promote shitcoins and dump them on unexpecting noobs and uneducated community who invested their lifesavings hoping to get a piece of the crypto pie.
The most common learning hubs for crypto entrants are the most dangerous. They’ve become a cesspool filled with fraudsters and scammers lurking on newbies looking for advice. For the sake of bringing awareness about the critical flaws these learning hubs have, lets explore some of them:
Community forums have always been a go-to choice for most crypto advocates. They grant you instant access to endless pages of threads about various crypto-related topics and allow you to engage in real conversations with other crypto enthusiasts.
However, the quality of the information on forums must be carefully considered. They’re filled with trolls and scammers and all the stuff you read must be taken with handfuls of salt. Anyone can join for free — that means resourceful newbies can just copy some hi-tech content from Google that they themselves don’t understand, appear as experts and influence you to make wrong decisions. And you can bet your bottom dollar that a nice portion of members fits the profile.
2. SOCIAL MEDIA
It’s virtually impossible to visit Twitter or any other social media platform without someone trying to push cryptocurrencies down your throat at some point. While social media is a great way to see a different perspective on crypto, be careful when consuming content.
Social media is notorious for having countless “experts” who became overnight influencers, spreading information which may sound legitimate. These fast-track influencers are a disease in the cryptocurrency world, not only because of their lack of knowledge but also because of their power to impact a newcomer’s decision.
We ourselves were blown away with the incompetence of these so-called influencers. To spread the word about our project, we reached out to some “reputable” Twitter figures and asked them to organize giveaways of our coin for their community. Everything went more or less smoothly till they started asking us questions such as “How do I stake your coin” or even worse “How do I install your wallet?.” Needless to say, we stopped cooperating with these folks. We didn’t want our project to be associated with fake experts who don’t know the first thing about crypto, regardless of their social reach.
Bottom line is, following social influencers blindly and taking for granted everything they say is a recipe for disaster.
If you , however, decide to explore social media platforms, find legitimate educators. They DO exist. Be very selective and ensure you do your research before relying on any educator.
Many industry experts and enthusiasts run blogs dedicated to teaching cryptocurrencies. They publish a variety of different cryptocurrency topics and are an interesting way to engage, learn and keep up with the latest news.
However, the rule of safety still applies: Never believe everything you read, unless it’s technically backed up with reliable sources.
If you learn from the wrong material, you’ll pick up incorrect information that can cost you a lot of money. Additionally, it will make it difficult to re-learn the correct knowledge.
Youtube is one of the best platforms for learning crypto. It’s an excellent source of information about cryptocurrencies regardless of your level of knowledge and experience. However, it’s not without its flaws.
Just like social media, it’s full with overnight influencers and master persuaders with thousands of subscribers paid to promote whatever project offers the most money.
While it’s perfectly understandable for new projects to pay for promotion, there’s gotta be some quality control, right? With YouTube, that’s not often the case. Influencers typically don’t care about the project, the team, or whether or not it will actually benefit the community. If the team pays enough, they’ll be featured in one of their videos.
Make sure you don’t blindly follow anyone just because they have a lot of subscribers. Verify that they actually know what they are talking about before trusting what they are saying. After all, there’s a reason they’re called “influencers.” They can influence the community to make (often wrong) decisions.
Learning Crypto the Right Way
The best thing any aspiring crypto enthusiast can do in his or her career is to learn from a qualified mentor. You want to take as few risks as possible, and losing money because you didn’t get proper education is just foolish.
While legit crypto education is out there, finding honest and knowledgeable experts to learn from is very hard.
Rather than sifting through the trash on social media or Googling random terms and putting different pieces of the puzzle together, wouldn’t be awesome if there was a single go-to platform with all the vouched-for crypto experts under one roof handing you the knowledge that took them years to develop?
Wouldn’t that be something?
Imagine how privileged and confident you’d feel if you had the world’s top crypto traders and investors with the best track records teach you how to capture gigantic profits in the market.
Thanks to Traid Platform, this jealousy guarded knowledge will soon be within your reach.
TRAID COMES TO AID
Traid.tv is revolutionizing crypto education by bringing the world’s top experts as your live mentors. Once fully developed and launched, Traid platform will let you become part of the elite community of hand-picked professional traders and investors who will take you by the hand and show you exactly how they trade, when they trade and what they trade. There has never been a more efficient way to learn crypto trading and investing without having to fail yourself or sacrifice years of your life learning from unreliable sources.
Traid platform will be jam-packed with all the features you’ll ever need to master the art of crypto:
💥Daily market analysis
💥1 on 1 mentorship
💥Live trading sessions
💥Real-time technical analysis
💥Live portfolio overview
💥Real-time trading signals
💥Honest project reviews
…And so much more.
We’re developing a one-of-a-kind platform where handpicked professionals will show you all the ins and outs of technical analysis and investment planning that will help you to develop a winning strategy with astonishing accuracy. We’ll have the privilege of being the first to market with a product that truly serves the community.
TRAID coin will be essential to the function of the platform. It will incentivize community building and value creation through a dynamic reward system for instructors and provide an easy payment method for students. All premium subscriptions (group and 1 on 1 mentoring, premium courses and trading signals, copy trading etc.) and donations will payable in TRAID coin.
In addition to TRAID coin, other major cryptocurrencies will also be accepted as payment on the platform, but students will get a discount on all premium subscriptions if purchases are made using TRAID coin. We believe that such coin economics will positively impact the coin’s intrinsic value over time. It will also serve as a reusable resource enabling holders to spend their staking rewards towards ongoing education on the platform.
The cryptocurrency industry is one of the hottest out there; it’s expanding at a rate we haven’t seen since the Internet came along. Regardless of your position in the market, you want to ensure you receive the best education possible, whether it is trading, investing, mining etc.
TRAID plans to revolutionize crypto education and become an integral part of learning for crypto enthusiasts all over the world.