As global market volatility is revolving from stocks, oil to cryptocurrencies, you may not want to invest in bitcoin right now. However, if you believe in its long-term potential, professional investors will always tell you to “buy the dip”.
Warren Buffett asserts that the best time to invest is when the atmosphere of fear is covering the market. He may not buy Bitcoin but I am sure he is looking for other assets that are priced below its value. If you want to do something like Warren Buffett, then you definitely need the help of these top five tools.
First, if you want to invest in bitcoin or any other cryptocurrency then you need to have a Telegram account. There’s a lot of information on this giant social media platform, and you can join a specific group to get news, ask questions, and learn the general sentiment of the market.
Check out some of the top crypto Telegram groups here, which can help you find trading signals, chat, and do most of what you’d expect when you invest in bitcoin.
If you just want to invest in bitcoin and hold it for the long term then you probably don’t need to go too deep into TradingView.
But if you want to trade everyday to make a profit, learn about price action, identify trends… then this is the leading tool for all of that.
- Google Authenticator
Google Authenticator is a must-have app on your mobile phone, when you open an account to trade on exchanges like Binance, Huobi, Bittrex … It’s much more convenient than receiving text messages. to your phone number because you can change sim or cannot receive messages while you travel.
With Google authenticator, you can solve this problem. It’s free and you only need to scan the QR code once, and get a different code every time you log in, and this will increase the security of your account.
- Ledger or Trezor wallet
While activating 2FA is certainly a good start, if you have been investing in bitcoin for a long time then a cold storage wallet will be a great place to keep your money. Some people like the Trezor wallet with its wide touchscreen, while others prefer the Ledger wallet because of its price and popularity.
Ultimately, Twitter is a must if you want to be informed of what’s latest going on in the crypto space. You will learn a lot from reading the comments of key players in the industry, and taking part in some heated debates.
However, Crypto Twitter is not for the faint of heart. In fact, it can be extremely toxic due to its addictive abilities. So, just like with bitcoin, never invest more time (or money) than you can afford to lose.