Having said that, though, even the best crypto trading signals can be quite useless if you don’t know how to interpret them, or what to look out for, in the first place. This was very true even before Elon Musk acquired it, but after the acquisition, it became even more evident. Thus, let’s take a look at each of the above-mentioned platforms, and discuss how the social signals that they provide can be useful to your crypto journey! Twitter is, without a doubt, the most divisive social media platform on the planet.

Crypto Trading Exchanges

For example, as you study the market, and get involved with everything that comes with tracking said social signals, your knowledge of the project that you’re looking into (as well as the rest of the industry) get upgraded, exponentially! Furthermore, you don’t need to rely on other people’s “best crypto trading signals” – whether it’s a win or a loss, you’ll be in charge, and will be able to manage your situation accordingly!

It doesn’t require you to spend an initial amount of money on live crypto trading signals (subscribe via a monthly payment model), and allows you to take your time, and analyze the market at your own pace. On one hand, this requires a lot of effort and knowledge about how the crypto industry works. On top of that, you also need to spend a lot of time looking at the charts and cross-referencing the numbers (user growth, post frequency, etc.) – this is all quite demanding! That being said, on the other hand, all of that comes with some added benefits, too.

Crypto Trading Patterns

All things considered, when it comes to social crypto trading signals, free data and tracking, Twitter is likely one of the best platforms to look into, for project research purposes. Next up, you have Reddit – another behemoth in the online social media and forum industry. This particular platform, however, is quite different from Twitter, in both how it works, as well as the people that frequent it. In a very general sense, Reddit is a forum where you would be able to find long-winded discussions about the project that you’re looking into.

Naturally, this model varies from service to service, but the general idea remains the same. That being said, differentiating the good from the less-than-ideal can be extremely difficult, in this regard. Due to the volatility and age of this industry, weeding out the bad apples can be a challenging task. As time goes on, and the crypto market expands, there are countless numbers of different services popping up, all around – some of the best crypto trading signals aren’t an exception. Allow me to explain. There are large numbers of horror stories about people losing all of their investment portfolios to shady crypto trading signals, offered and sold by a collective of people who promised “amazing returns” and “guaranteed profits”.