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Top 5 Ways to Gain an Edge as A Crypto Investor In 2021

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Introduction

There is no doubt that the space for a crypto investor is shrinking. With more and more people trying out their luck as a trader or an investor, the ecosystem is slowly and surely getting overcrowded. If you are an investor looking to rise above the saturated masses, you need to start doing something different.

We all have gone through articles espousing the different investment strategies for a crypto investor. However, in 2020 all those supposed working strategies to are not yielding the required dividends.

With 2021 just around the corner, it is time that you try to gain a competitive edge over your competition as an investor. In this article, we speak to some of the world’s most successful investors and zero down on five ways to boost your performance as a crypto investor.

Related Post: Pros and Cons of Cryptocurrency: Should We Accept It?

List of the Top 5 Ways to gain as edge as a Crypto Investor in 2021

1. Start following Podcasts and Webinars-

2020 was the year when podcasts and webinars broke new ground with the rise of new media to aid and support the pandemic. Most of the experts are trying to build their bases and discussing the latest and most relevant strategies through them.

This is why aspiring crypto investors need to pay attention to the contents of the podcasts and webinars and start applying them in their day-to-day trading strategies. As these are the latest strategies, you will start seeing immediate results from the same.

2. Follow Leading CEOs on Social Media-

Social media is great because it is spontaneous and instant. Most of the notable CEOs of Crypto Exchanges and Trading Platforms shed critical insights on their social pages. These insights, updates, and facts can be instrumental in allowing you to make instant progress.

The crypto space is one, which is defined by radical overnight changes. Overturning a crypto ban in one country can see prices soaring through the roof. This is why you need to feel the pulse of what is happening by following leading figures on social media.

Also Read: How To Explain Blockchain To The Uninitiated In A Simple Fashion

3. Educate yourself from Blogs, Case Studies, and Research Papers-

Some of the biggest trading platforms like bitcoinfastprofit.com, Coin Desk, Coin Telegraph, and others invest staggering amounts in their case studies and research papers. By following three of four of the most reputed ones, you can gain access to the latest research, projections, and trends.

This can help you arrive at an informed decision and pave the way to more profits from your trading actions. Where is Bitcoin going, what is contributing to the hike, etc. are all critical pieces of information, which can help you make informed and detailed decisions.

4. Use at least Two Great Trading Platforms at the Same Time-

Sometimes a small difference like different trading and investing software of platforms can make a sea difference to your performance. Trading on two platforms also allows you to do your own Beta Testing and assess, which one is the best for you and your needs.

Leading experts suggest that investors should work on at least a couple of exchanges and trading platforms. In addition to discount offers, membership perks, and coupons, you also get access to more inputs from the software, enabling you to perform better.

5. Tread more towards Reason than Intuition-

While it is all good to trust your gut and take decisions, you should let facts light up the road ahead. The past couple of years has seen a phenomenal increase in the number of platforms offering literature and resource material on cryptocurrencies and investments.

It is best to use reason, review the literature, and proceed accordingly. This may help you avoid bad falls and limit your exposure. This is also one of the ways how millionaire investors and Wal Street firms take decisions when it comes to crypto investing.

Also Read: Ways To Boost Digital Marketing Efficiency For Small Business

The Final Word

If you are looking to make a fresh start in your investment journey in 2021, these five ways can prove to be an invaluable asset. They can not only help you become a better crypto investor but definitely give you a competitive edge over others in the industry.

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