Online Cryptocurrency Resources for Newbies

Cryptocurrency is gaining a global momentum. From governments and merchants to celebrities and small business owners, everyone talks about it. Mainstream cryptocurrencies include Bitcoin, Ethereum, Dash, Monero, Litecoin, and Ripple, among others. As a newbie trader, how do you keep tabs on everything that happens in the crypto space? This article outlines some of the valuable online cryptocurrency resources that you can explore for real-time information and trending topics.

Notable platforms for crypto information

Social media is always awash with the latest news in the crypto space. Most prominent personalities in the world of cryptocurrency have Twitter handles through which they relay information to the public. It’s for that reason we see even government and financial institutions shine a lot on the market.

For a first-time trader, the intrigues of the crypto space might be a little daunting as one tries to navigate the market. However, no need to worry, as several valuable cryptocurrency resources exist to help newcomers explore the crypto market. The following are some of the crypto resources that any newbie can utilize to keep abreast with what takes place in the crypto world.

Cryptocurrency forums

For immediate help with crypto news and trending topics, new traders should join cryptocurrency forums where members interact freely and share the ins and outs of the crypto space. Reliable cryptocurrency and blockchain technology forums exist online. On such forums, you can participate in the discussion boards, which usually revolve around various subjects within the cryptocurrency market.

Some of the forums have been around since the beginning of the crypto era and have a lot of historical information in their database. Examples of popular cryptocurrency forums include:

  • Bitcoin Talk
  • Cryptocurrency Talk
  • Steemit
  • Reddit
  • Medium

With their interactive nature, these forums provide a suitable opportunity for new traders to discuss openly with experts in the field. They also enable a wider interaction with crypto enthusiasts, writers, blockchain technologists, and more. Interestingly, some of the big names in the crypto community carved their fame through online cryptocurrency resources. For instance, Vitalik Buterin, who is Ethereum co-founder, was a contributor on bitcoin discussion forums.

Another advantage of online crypto forums is the sense of community they instill the members. The discussion is open, informal, and newcomers can get personal opinions and first-hand information from the experiences of other players in the crypto market.

ICO Tracking Services

Initial Coin Offering (ICO) is the new way of raising funds in the cryptocurrency market. Instead of persuading commercial banks and other mainstream financial institutions for funding, owners of cryptocurrency projects take them directly to the public market. Members invest fiat money or established digital currencies such as Bitcoin or Ethereum and receive tokens in exchange. Currently, ICOs are very popular with some generating up to hundreds of millions of dollars in 2017. ICOs come out almost on a daily basis, and the sooner you join a campaign the better. Many of them come with discounts for the early birds.

Newcomers can utilize particular websites to track and analyze upcoming ICOs. As a new trader, you should focus on the upcoming ICOs and pre-ICO campaigns. From the relevant websites, you are likely to know which ICOs are simply scams or suspicious campaigns. Some of the ICO tracking websites even list the suspected and scam ICO campaigns. Examples of popular ICO tracking websites include:

  • ICO Market Data
  • Smith + Crown
  • ICO Tracker

CoinStaker website also has a section reserved for ICOs, which is packed with relevant information that can be helpful to both new and existing crypto traders.

Price Websites and Market Capitalization

Coin price and market cap are two important features of the cryptocurrency market, especially for a new trader or investor. Coin prices can change drastically within the shortest time possible. If you follow the news in the crypto market, you are likely to hear more people talk about market capitalization or coin prices either rising or falling.

Market capitalization refers to the value of the total supply of a particular cryptocurrency in the market multiplied by the current dollar price of the digital currency. It determines the long-term stability of a particular cryptocurrency. Specific websites exist online to help traders track the market cap and the prevailing prices or different cryptocurrencies. Examples include:

  • Coin Market Cap
  • Crypto Compare
  • Coin Cap

News Platforms

With so much hype about cryptocurrency and the blockchain, it is advisable to stay updated on what happens out there. News platforms are some of the online cryptocurrency resources to accomplish this objective. Crypto news is breaking every day around the world, and by following them, you can gather quite a lot of information regarding the crypto market. This is essential for new traders and investors who are still learning the ropes.

Once you subscribe to a news story platform, you can get regular alerts to your e-mail or smartphone whenever there is a story. This enables subscribers to access news even when they are on the go. It is also customary for these websites to provide useful links in their news stories, which readers can follow for further reading. Some of the news story sites include:

  • CoinDesk
  • Coinstaker
  • CCN
  • Cointelegraph
  • Cryptocurrency News
  • The Merkle

Social media plays an important role in blockchain and cryptocurrency revolution. On notable platforms such as Twitter, Reddit, Facebook, and others there are tons of information on the crypto market. New traders can easily equip themselves with relevant news from these online cryptocurrency resources.

In addition to the mentioned platforms, various crypto personalities post regularly on Twitter. Such personalities including CEOs, famous crypto founders, developers, analysts, and critics alike express their mind openly on such forums to inform the world of what takes place in the crypto space. Such personalities also influence the crypto market, so they are worth following on Twitter and other social media platforms. Popular influencers include:

  • Vitalik Buterin—Ethereum Founder
  • Roger Ver—serial crypto investor
  • Charlie Lee—Litecoin Founder and investor
  • Barry Silbert—CEO of DCG

If you are ready to start exploring the waters of the crypto market, you should arm yourself with the right information. You need to understand your area of investment. The crypto market is highly volatile with no regulatory body. The only refuge for investors is genuine news and topics that shape the community. Since you’re reading this, you are already a step ahead of your competitors.

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