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Most beginners wonder how to make money quickly by trading Bitcoin. They are often looking for ways to skip the process of learning the technical analysis for all the coins, skimming through all the literature, and constantly following all the news in the sphere. The reason some people hope to skip the educational part of the process is that they see how rapidly the market is developing and understand that while they study all the aspects of the current state of affairs, the knowledge, once obtained, will no longer be pertinent. Many beginner traders turn to experienced traders for help, which is a good idea because it saves money and allows you to get valuable, trustworthy information first-hand, provided that the trader is honest. However, while there are chances to find the best traders who will share their valuable experience with you, there are also chances to run into fraudsters and lose everything you’ve invested. Telegram Crypto Channels If you go to Telegram and look for cryptocurrency channels, you will probably be shocked by the amount. Finding the best crypto signals on Telegram is as hard as finding a needle in a haystack. Based on my experience, only three out of ten channels that seem real and profitable will actually help you generate a profit. However, what should you do to find them if you cannot afford to buy signals for every channel that seems good enough? The answer is simple - choose the channels carefully based on the seven most significant criteria that will help you get through to the leaders and avoid the scammers. Criteria for Choosing Trustworthy Telegram Traders Statistical analysis. The first thing you should do when analyzing a channel that seems good is check its past. Go through all of the cryptocurrency trading signals that are available out there and see how they performed. The best signals are never free. The moment you accept this simple truth, you will be safe from a huge amount of scams that may come your way. Millions of people around the world want to make money trading cryptocurrency, but not many succeed in doing so. There are successful and profitable traders who earn a lot, so it is no surprise that they charge a lot for their advisory services. Communication is the key. Buying and selling Bitcoin successfully requires a lot of communication with other people in the sphere. When choosing a Telegram group, try talking to its administrators to check their quality of communication. Pay attention to the speed of their response, their quality, politeness, and accuracy. Proficiency in English matters a lot as well because the most valuable news about cryptocurrency is typically in English. Presence of an open chat and/or a website. If a channel doesn’t have an open chat or a website, avoid it at all costs. Imagine that you have no opportunity to express your feelings in the event you are not satisfied with the services you receive after paying for the subscription. Does this seem fair and honest to you? If there is no way to contact the channel or other users who have subscribed to it, it is probably because the administrators are afraid of what you or other users have to say. Visit Safetrading website to get more information about the criteria for choosing the right crypto traders, whose advice you can trust. Learn how to tell the professionals from the scammers and grow your investments safely. This is a brief summary of an article published on Safetrading blog. If you would like to receive more detailed information about the main Criteria for Choosing Successful Traders on the Cryptocurrency Market, read the full article

Before August 2017, I read the news about blockchain technology and Bitcoin cryptocurrency with enormous interest. Having heard of the opportunity to make transactions anonymously and without any third-party involvement, I could not stay indifferent and thus became engaged in this idea, just like anyone else. In August 2017, a massive increase in the Bitcoin rate occurred, and Bitcoin crossed the $5,000 mark. This meant only one thing: a vast amount of people, who were as interested in Bitcoin as I was, believed in it and invested a lot of their money in it. A wish to become a part of this movement took over me and pushed me to become a trader instead of a simple observer of the market. In October 2017, I decided to start trading on the cryptocurrency stock exchange for the first time. The experience was both novel and exciting for me. It is something most people have heard of, spoken of, and argued about, but very few could ever comprehensively explain how things work in this world. Since I had no time for an in-depth, thorough analysis of the matter, I chose a more simple way, by reading the available information and watching YouTube videos, to be able to analyze the cryptocurrency business models quickly. Having decided to take my first step, I bought some different coins, namely: OmiseGO (OMG), Monero, and Dash. My trading business was met with varying success. My portfolio volume increased along with the capitalization growth of the whole market. One way or another, I managed to double my investment over the next few months. However, I longed for more and began to dig deeper. Can you lose money in bitcoin? This question worried me a lot. My colleague once told me about his experience in trading Crypto Signals in Telegram and about how he tripled his investments within a month. I started by googling the information I needed, and with a search for «Top Crypto Traders», I found an article on the smartoptions.io website which explained the performance audit of crypto signals from five Telegram channels. Aside from that, I searched for more channels in the results for Telegram, but the amount was overwhelming and I stopped adding and following them after checking more than twenty. Looking forward to receiving the great results promised in the audit of smartoptions.io, I purchased a subscription for the following channels: PALM BEACH VIP and Cryptoland Elite. Gradually distributing my portfolio volume between the coins that the paid signals recommended I purchase had me popping like some popcorn while waiting for the results. PALM BEACH VIP gave five signals a day that were mainly short and mid-term. As it turned out later, among these coins, there were ShitCoins and other shell fakes. Often, by the time the signals came in, the coins had already reached the first or second target. Cryptoland Elite gave three to four signals in three days, and those were only midterm signals. Before long, some of the coins had reached the target, others had started to subside, and still others had reached the target at the moment of the signals. In the middle of January, along with the fast break in the market, all the coins reached the stop-loss order. Nevertheless, signals continued to come in despite the unstable and declining market. Enlightenment came to me when I saw that all my purchases reached stop-loss order two to three days after the signals. This was critical for me because I could not afford to lose money trading bitcoin and crypto at that moment. Visit Safetrading platform to get more information about the ins and outs of crypto trading according to crypto signals on Telegram . Learn how other traders lost money in crypto and keep your investments safe. This is a brief summary of an article published on Safetrading blog. If you would like to receive more detailed information about the crypto signals on Telegram, read the full article