Reddit is a popular source of information for cryptocurrency traders and investors. There are many subreddits that help traders in crypto trading and cryptocurrency investments. This article will walk you through some of the best Bitcoin Reddit trading subreddits.
These subreddits have been chosen on the basis of multiple factors such as:
Here is the list of the 11 best Bitcoin and cryptocurrency trading subreddits:
It is definitely one of the best subreddits for cryptocurrency traders. Cryptomarkets has 591,000+ subscribers. The best thing about this highly popular subreddit (https://www.reddit.com/r/CryptoMarkets/) is that it has a very vibrant and active community. The community members are helpful and share their respective knowledge with others. However, it is important to know that this Bitcoin Reddit trading guide is not meant exclusively for trading. In addition to crypto trading, the other popular tags are:
There are many other tags on this subreddit for you to explore.
Bitcoinmarkets (https://www.reddit.com/r/BitcoinMarkets/) is the best Bitcoin trading subreddit. Though it focuses on Bitcoin, it also covers altcoins partly. There are more than 222,000 subscribers to this subreddit. This subreddit is subdivided into:
The helpful and active members of the community help other members with trading tips, ideas, and strategies for increasing profits by trading Bitcoin BTC. Even if you don’t know about technical analysis, you can trade and earn a huge profit. Forbidden images, videos, and link posts are there on Bitcoinmarkets.
The CryptocurrencyTrading subreddit (https://www.reddit.com/r/CryptoCurrencyTrading/) is very popular among Bitcoin traders. Most of the content in this subreddit is related to Bitcoin trading. However, they also support open discussions on all cryptocurrencies including Bitcoin. It has 106,000+ members and a participative community. In addition to trading views on Bitcoin, you can get all kinds of information on altcoins, DeFi tokens, NFTs, and others.
It is an active and vibrant Ethereum investment community. This community has more than 1.6 million members with almost 100,000 comments. You can discuss anything and everything on:
The growth rate of the Ethtrader subreddit (https://www.reddit.com/r/ethtrader/) is simply phenomenal in recent years. It is one of the fastest growing communities ever. Though it was created on March 25, 2015, it had 240K members back in April 2021. However, currently, its total subscriber count has increased to 1.6 million. Ethtrader subreddit is definitely the largest subreddit that is created exclusively for ETH traders.
The most common tags in this community are:
The Ethfinance community on Reddit was created on January 23, 2019. This subreddit is meant mainly for traders, investors, developers, users, and others. All the discussions are related to the Ethereum protocol and its crypto named Ether ETH. Currently, there are around 70,000 members in the community.
The most important tags on Ethfinance subreddit (https://www.reddit.com/r/ethfinance/) are:
Whether it is EIPs or other stuff, you will get all possible information and news on Ethereum.
The Cryptocurrency subreddit (https://www.reddit.com/r/CryptoCurrency/) is one of the leading communities for information on all kinds of cryptocurrencies including Bitcoin. It was created back in 2013 and till now it has more than 3.4 million members. The active community members of the broad subreddit for crypto trading will provide you with helpful information on:
It has come up as one of the great sources of information for crypto traders and investors, especially for remaining on top of the affairs by getting updated at the earliest.
Bitcoin subreddit (https://www.reddit.com/r/Bitcoin/) is one of the earliest and largest cryptocurrency-related subreddits. It was created back in 2010 and currently, it has more than 3.3 million. The most important tags in this subreddit are:
If you are ready to invest in stocks and cryptos or buy Bitcoins through online brokerage accounts of centralized or decentralized cryptocurrency exchanges, you can do so in a legit way by investing through stock investing and cryptocurrency apps. You have to open an account with such an exchange or online broker (including trading apps and invest apps such as TD Ameritrade). Then verify your details (including basic personal information) and fund your stock or cryptocurrency trading account.
The best thing about the Bitcoin and crypto market is that the transactions are done without the involvement of banking entities. This is one of the reasons why more and more investors (including corporates, venture capitals, and institutional investors) are heavily investing in cryptos.
You can start depositing funds to your stock or crypto exchange account to buy company shares or cryptocurrencies. This can be done by simply connecting your online banking account (savings accounts, checking accounts, or other account types). Besides transferring fiat currency money online through bank transfer, you can make payments with other payment methods including credit cards, debit cards, and others.
If you need further assistance, you may consider taking help from the vibrant and helpful trading communities. You can trade cryptos with credit cards (business credit cards, personal ones, or citi custom cash cards), debit cards, or other payment options through reliable crypto trading web platforms.
You can also check the savings calculator to know how much you should save on a weekly, monthly, or yearly basis. Check the financial news to know more about the prospects of various assets so that you can build long term wealth.
In case you are bullish on the future prospects of gold, stock and ETF trading, crypto market, Bitcoin BTC, Ethereum ETH, Bitcoin Cash BCH, Litecoin LTC, Ethereum Classic ETC, Bitcoin SV, Wrap Bitcoin, and other altcoins, you can start investing in stocks, gold, Bitcoin, and other altcoins with USD. Once bought, transfer them to:
Hold them for a longer time period to let the Bitcoin BTC price increase. Keep your cryptocurrencies safe with:
Crypto market investing will provide you a higher return in the long run. The ROI from crypto investment is much more than investing in:
In fact, many retirement funds or IRA accounts such as Roth IRAs are allowing digital currency investors to purchase XRP, Bitcoin, Chainlink, and other digital assets. These retirement funds are increasing investor choice by allowing them to invest a small percentage of their money in cryptocurrencies. This is, in turn, increasing the prospects of these funds to provide their investors with higher returns. If you are thinking about building wealth, you should include cryptos in your portfolio like other crypto investors.
Therefore, it can be concluded that holding Bitcoin Ethereum and other cryptos can help you to build real wealth and multiply your net worth. You can learn investing basics to buy crypto currency and other digital assets to make more gains. Start going through Wall Street Journal and other investing magazines on cryptos to learn more about investing in the crypto market and make better financial decisions. Learn about valuation calculation to true bitcoin value and assess the overpriced or underpriced situations instantly.
As a beginners guide, you may also check out the trading basics provided by various cryptocurrency exchanges such as Coinbase, Binance, Kraken, and other crypto APIs. There are many brokers suitable for beginners as well. So, read reviews of customers before joining a crypto exchange. There are many brokers for beginners in the USA through which you can trade and invest extra cash and investible funds in fractional shares and stocks funds.
You should definitely learn about:
Defi tokens and NFTs (Non Fungible Tokens) are the next generations of crypto coins. These decentralized coins have started to become very popular among active traders who trade cryptocurrency. You can buy and sell them through crypto trading platforms too.
Whether you buy Ethereum ETH or buy Dogecoin, you should also invest in:
To diversify your portfolio, you may also buy stocks through stock brokers for beginners and pros.
Get better guidance on improving your personal finance, retirement planning, management of cash flows or capital gains, and investment ideas from financial advisors, investment managers, and wealth managers, especially the ones who are not averse to cryptocurrencies such as Bitcoin and others.
While day trading, you should always try to invest only that much money which you can afford to lose. When you do margin trading, be very careful. Financial protection must be there in your mind always while you make cryptocurrency trades. That’s why having a secure financial plan is so important.
Invest money in stocks, gold, and other cryptocurrencies through centralized or decentralized exchanges and reliable online brokers.
Trading Robots (such as NapBots.com) automatically scans the market in real-time and trades for you. They run 24/7, which means that you can keep earning your passive income even when you are sleeping. This gives you an edge over other investors as it enables the bot to book profits on your behalf when other investors are sleeping.
Smart crypto investors always remain prepared to get the best of a big market move. They don’t wake up suddenly. To remain alert round the clock, they use cryptocurrency trading bots so that they don’t miss any big market movement.
NapBots.com is a Trading Bot, cloud-based platform, on which you can connect to major exchanges such as Binance, Bitmex, Bitfinex, OKEX, Kraken, Bitstamp, and Bitpanda.
The best thing about the Napbots trading software is that you don’t have to monitor charts and candles to predict your next move. Any novice trader with zero skills can also start trading like a pro and earn money with this unique trading tool. Let Napbots take full control over your trades in just a few clicks. Now, sit back and enjoy earning money.
You may also check “Napbots Review - Simple Way To Increase Your Crypto Returns” before taking the plunge.
NapBots crypto trading software is special because it comes with:
NapBots is easy to start with. It involves just 3 steps:
Step #1: Connect to one of the available trust exchanges.
Step #2: Select from the unique list of performing Bots of NapBots
Step #3: Choose a plan that suits your investment style
Once you have completed these three steps, NapBots is ready to trade cryptos and earn money for you. Happy Trading!
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