In this module, you will learn:
Module 4 Insights
- Cryptocurrency Portfolio Management
- Different Crypto Groups
- Crypto Signals
- Trading with Crypto Signals
- Profits from Crypto Signals
- Top Telegram Groups
- Top Crypto Portfolio Trackers
For your convenience, we have divided this module in the following steps:
Step 1: Crypto Groups & Signals Step 2: Telegram & Crypto
Step 3: Top Telegram Groups Step 4: Dollar Cost Averaging Step 5: Cryptocurrency Portfolio Step 6: Crypto Management Step 7: A Quick Quiz
Step – 1
Crypto Groups & Crypto Signals
Expert traders’ trading recommendations to buy or sell a specific cryptocurrency at a specified price or time are known as crypto signals. News, technical analysis, and the current market
condition can all be used to generate cryptocurrency trading signals. A trader who chooses the proper one can increase their profits and improve their trading approach.
A trading signal service is based on the findings of a group of skilled traders and analysts who give suggestions on how to buy, sell, and trade cryptocurrency in order to maximize earnings. Because their followers feel that they do the majority of the work for them, the greatest crypto signals are widely used. Crypto traders, on the other hand, must keep track of their accounts and remain attentive once they begin trading. While you might look into joining a signal group, you should also have a basic understanding of how social trading works – to some level. You should also make sure that your trades are well-managed and that adequate risk management procedures are followed.
The majority of crypto trading clubs demand monthly admission fees to its members. As a result, you must conduct due diligence before making payments.
Why are Crypto Signals so Important?
The most important advantage of signals is that they give members useful trading info. You can efficiently manage your assets with the information they supply. Signals teach you how to place stop losses, create targets, and exit and join trades at the right times to optimize your earnings.
They provide more in-depth information than what can be found on the internet or through social media analysis.
Step – 2
Telegram & Crypto
Telegram’s selection as a crypto trading haven is partly owing to the trading platform’s dense cryptocurrency trading community. It’s the most effective way to reach a huge audience with a message. Telegram prioritizes privacy over other communication applications. On the trading
platform, you can also utilize more message bots, which are better than what you can obtain on WhatsApp. Traders can build broadcasts and share them with their group members using RSS feeds and automated bots.
Crypto Signals for FREE!
Before allowing you to join their channel, the most accurate crypto signal service will usually demand a fee. Of course, given their skill and the importance of the information they’re delivering, it’s reasonable that they’d want to make money off of it. Some signal telegram groups, on the other hand, allow unfettered access. Options that are free are preferable. They’re appealing since they save money, but you may not obtain the same level of precision as a paid signal provider. It’s worth noting that some channel operators run a shady operation. Some pay for
consulting services, while others go online to take signals that have already been released.
Genuine providers supply high-quality information and recoup their costs by advertising on other prominent platforms.
Potential Income from Crypto Signals
Your prospective gains are determined by how you trade, how you distribute your capital, and how much you invest. Providers are ideal for a new investor who isn’t familiar with the ins and outs of the bitcoin market, and they’ll help you learn the ropes quickly.
The signs will assist you in determining what to buy, how to invest, and how to profit. When it comes to your profits, though, estimating is difficult. The signal group in the crypto world — both short-term and long-term — is always up for debate since it varies so much. Whatever the case may be, you’ll need the correct information to generate money, which signal operators provide.
Step – 3
Telegram Crypto Groups
Top Telegram Crypto Groups
- Universal Crypto Signals
A popular Telegram crypto service is Universal Crypto Signals. The service is still relatively new, having been launched in 2018. It is made up of an Indian team of technical analysts that send monthly trade signals to their customers.
● Fat Pig Signals
Fat Pig Signals is probably one of the most popular Telegram groups for Bitcoin and other major cryptocurrencies trading signals. Some people may consider it a veteran of crypto trading and signals because it is led by seasoned traders.
● Rocket Wallet
Rocket Wallet is one of Telegram’s fastest-growing crypto trading channels, with a solid track record of consistently high-quality signals. It is led by two seasoned traders from France who
claim to have a combined expertise of more than a decade in crypto trading. English, French, and Spanish are the three languages offered on the Rocket Wallet Channel. Although there is a VIP group with additional advantages, it is a free-for-all channel. “More than 70% accuracy with an
average of three daily trades,” according to the VIP club. The channel’s more than 20,500 subscribers are mostly interested in short and mid-term indications.
● Verified Crypto Traders
Verified Crypto Traders is one of the earliest crypto trading signal providers, having been founded in 2017. This crypto signal provider is the only one in the Netherlands who has
registered within the Dutch legal framework. They have a team of competent traders from the Netherlands, India, the United States, and Poland.
Verified Crypto Traders is most known for their Platinum club videos, which are offered by Eric, an experienced trader with 30 years of expertise who focuses on establishing a portfolio for
long-term stability. They claim that the risk management recommendations and technical analysis training in these videos assist users enhance their trading skills.
Step – 4
Dollar Cost Averaging (DCA)
Dollar-cost averaging is a simple strategy that involves investing a certain amount of money in the same fund or stock at regular periods over time. Dollar-cost averaging is a strategy, and it
almost always produces outcomes that are as good as or better than buying low and selling high. Nobody can timing the market, as many experts would tell you.
How to Use DCA for Investments?
It doesn’t get any easier than this. At regular periods, say monthly, invest the same amount of money in the same stock or mutual fund. Ignore the price changes in your investment. You’re investing the same amount of money whether it goes up or down. This can be done automatically by reinvesting the dividend payment from a stock back into the stock.
The amount of shares purchased each month will be determined by the investment’s share price at the time of acquisition. Your money will buy fewer shares per dollar invested as the value of the stock rises. When the stock market falls in value, your money will buy you more stock.
Benefits of DCA
This is a long-term investment that is highly strategic. When you buy additional shares at a low price, your average cost per share decreases over time.
Dollar-cost averaging is very appealing to rookie investors who are just getting started. Even if you start with a tiny stake, it’s a means to slowly but steadily create riches.
The Use of Mutual Funds
There may be no better investing vehicle for employing the dollar-cost averaging technique than a no-load mutual fund. The structure of these mutual funds, which can be bought and sold
without commission costs, appears to have been intended almost specifically for dollar-cost averaging. Mutual fund investors pay a fixed proportion of their overall contribution as an
expense ratio. That percentage deducts the same amount from a $25 investment or recurring instalment payment as it does from a $250 or $2,500 lump-sum payment.
DCA is a long-term strategy
Dollar-cost averaging is a long-term approach regardless of the amount you have to invest. While the financial markets are constantly in flux, most equities tend to move in the same general direction over lengthy periods of time, pushed along by bigger economic currents. A bull or bear market can endure for months or even years. As a result, dollar-cost averaging loses its appeal as a short-term strategy. Furthermore, mutual funds and even individual equities do not, on average, fluctuate significantly in value from month to month.
To appreciate the whole advantage of dollar-cost averaging, you must keep your investment continuing during both good and poor times.
Step – 5
A cryptocurrency portfolio is software that keeps track of your online currency holdings. It
allows you to keep track of the performance of each coin and gives you analytical tools. Many portfolio management systems feature live cryptocurrency exchange feeds and pricing updates. They may even notify you of big market movements.
While Bitcoin is the most widely used digital money, it should not be your only crypto investment. The objective should be to create a diverse cryptocurrency portfolio. To mitigate
risk, numerous investors have split their money across a variety of cryptocurrencies. But, with nearly 3,000 different cryptocurrencies to select from, how can you know which ones to invest in? Crypto specialists advise that you only invest in digital currencies that you are familiar with and have thoroughly researched. That piece of advice is sound. After all, you do the same thing with traditional investments like stocks and bonds. “An investment in knowledge pays the finest
interest,” as Benjamin Franklin famously observed. Before making any investment, nothing beats educating yourself.
How many currencies you should have in your portfolio?
There is no agreement on how many assets or cryptocurrencies should be included in an investor’s portfolio. However, according to a study comprising over 100,000 back tests, investors can make the most money with roughly 20 assets. Back testing is the process of analyzing how well an investing plan might perform using past data. With 20 assets in a bitcoin portfolio, an
application or software that helps investors track their investments is required.
Top 5 Crypto Portfolio Trackers
Investors can use cryptocurrency portfolio monitors to keep track of their holdings. They are no longer need to log in to multiple accounts. They can instead handle all of their crypto holdings in one spot. Investors can view their earnings and losses from all of their bitcoin investments with these trackers. They can also monitor real-time market values and set up important notifications.
Based on the number of downloads and star rating on Google Play, we compiled a list of five cryptocurrency portfolio monitors.
- Blockfolio: 1 million downloads and a 4.8-star rating.
- Delta has received over 500,000 downloads and has a 4.5-star rating.
- CMA: 4.5-star rating with over 500,000 downloads.
- Coin Stats App has over 100,000 downloads and a 4.5-star rating on Google Play.
- BitUniverse has over 100,000 downloads and a 4.6-star rating on iTunes.
Although there are dozens of similar apps, these five cryptocurrency portfolio monitors have the most downloads. While each has its own set of capabilities, they all provide market price updates to users. They also give users a glance into the performance of their assets, saving time and
Cryptocurrency investors’ portfolios might range from three to more than twenty crypto assets. It takes a lot of effort to keep track of all of them, and it can be perplexing at times. As a result, bitcoin portfolio trackers are useful tools for investors who want to manage all of their investments in one spot.
Step – V
Apart from transforming communication, the internet was instrumental in bringing investing online, removing informational and execution obstacles for a wide group of retail traders.
Following the spread of trading applications, a broader variety of investors had access to incredible features, including the ability to trade in financial markets with faster execution and lower fees.
Trading has become much more popular since then, thanks to platforms like eTrade and Interactive Brokers, which have made a wide range of asset classes, tools, and education
available to a large number of retail traders. Even better, these systems centralize many activities and provide liquidity from a variety of exchanges and ECNs, thereby enhancing the benefits of online investing.
After Nutmeg, a UK-based robo-advisor and online wealth manager, achieved GBP 1 billion in funds under management last year, the next phase of growth is already reaching significant milestones.
However, crypto trading, which confronts several problems that make it unsuitable to less-experienced investors, lacks this level of centralized execution and advice.
With a clear demand, crypto asset management solutions are swiftly gaining traction to aid retail investors in their market research. The motivation for the entrepreneurs behind these platforms is clear: the market valuation of cryptocurrencies is approaching $400 billion, and it is beginning to stabilize.
A more mature market also means that less experienced investors are more likely to dip their toes in, necessitating a platform that provides easier access in comparison to the current trading
Simplified Crypto Management
Buying bitcoins is still more difficult than buying traditional stocks. More market participants are becoming aware of the need for simple tools designed to manage crypto portfolios for traders of all skill levels as cryptocurrencies draw more consumers.
At the moment, prospective traders must first discover a wallet that accepts the cryptocurrencies they want to trade, then find an exchange that lists their favorite coin, before going through a
complex and time-consuming verification process. If they want to diversify their assets after
entering the market, they must spread out between wallets and exchanges. While it is possible, the complexity of the process remains a significant barrier to entry for many would-be traders.
Many people in the sector are aware of the issue. “Keeping track and managing your crypto
assets is no stroll in the park, even for the more experienced traders,” says Alon Muroch, CEO of Blox.
As a result, some businesses are implementing asset management, a tool that is now ubiquitous in more traditional financial markets. Rather than needing to handle several accounts and wallets, crypto asset management solutions make the process easier by assisting users in consolidating their various holdings while also giving superior portfolio management capabilities.
There are currently a number of funds that handle crypto assets and invest on behalf of their clients. So far, this methodology has yielded positive results, with one firm, Bitwise Asset Management, posting a 51 percent return in less than four months after launching a
crypto-focused fund. Institutional investors have taken notice of the asset class’s growing popularity, with studies showing that the number of crypto investment funds might double in 2018.
Despite this, the majority of traders in the ecosystem still manage their own investments, and multiple platforms have established themselves as go-to tools, with new ones appearing daily.
Emerging Crypto Market
So far, the crypto sector has seen a slew of new exchanges pop up, all of which provide a mix of cryptocurrencies, though not an exhaustive list. This is a problem for investors, as many
exchanges aren’t compatible with all wallets, causing problems when managing a broad portfolio of assets.
To address the problem, crypto asset management systems are attempting to streamline the process by avoiding the use of a third party or manager to oversee users’ assets. These tools make it easier for average traders who don’t have a profound understanding of the market to get started and succeed.
There are a number of systems that promise to make asset management easier for crypto traders, and many of them have already proven to be effective. Muroch’s Blox, for example, makes it simple for customers to consolidate their many wallet and exchange accounts into a single spot.
The company’s solutions allow customers to manage various portfolios at the same time and
feature automated syncing, ensuring that users’ transactions and purchases are always up to date.
Furthermore, tokenization encourages users to use the site more. Traders can acquire coins by using the company’s portfolio tracking tools and can use CDT tokens to unlock premium
Step – 6
A Quick Quiz
What do you know about crypto signals?
Which social media do you prefer for cryptocurrency? Name some telegram crypto groups.
What is crypto portfolio? Define portfolio management.
Do you know any software to track your crypto portfolio?