Crypto 101: How to use Twitter to track information and find Hidden Gem in Crypto
Twitter is a viral social networking site around the world. Especially in the Crypto market, Twitter is where projects use to update information about the most complete and fastest development. However, like other social networking sites, the above information is a lot and makes us overloaded.
So how do you use Twitter effectively? good service for the investment process? The following article will guide you on how to follow Twitter most effectively.
Why is Twitter?
There are thousands of projects in the Crypto market, and each project has many different communication channels. During 2016, 2017, and 2018 featured ICO projects, many people chose to look at Bitcointalk to evaluate & update information from the project.
Most investors will look at the project’s forum, make comments based on discussions from members, and evaluate the quality of the project’s content.
But now, in 2020 and 2021, I see quite a few projects that have channels and take care of their Bitcointalk; most of them have shifted to focus on big forums like Twitter or Discord…
Besides, they choose Medium, the top information channel, where the latest information is constantly updated. Many KOLs use these information channels to share their thoughts and views in the market visually about ongoing projects.
In my personal experience, most of the information heard in newspapers or on Medium is updated very quickly on Twitter. Therefore, these are the places I prioritize referring to and making analyses and comments about the market.
Categorize information on Twitter.
When participating in Twitter forums, information can be classified into the following groups:
- Twitter of projects: Like coin, token, or exchange projects. I take, for example, the Twitter I’m following like Cosmos, Osmosis, Near, Aurora, or Polygon…
- Twitter of investment funds: Like Venture or Capital, these funds are often investors in Crypto projects. The voices from the fund or the KOLs will also have a more or less impact on the project or the price of the coin in the market.
- Non-official community: Created for the purpose of communication and support for the project from the members of that project. Examples include Chainlink, The Link Marine, Band, Elrond Warriors, Polka Warriors, and Solanians…
- Channels to analyze and synthesize information: These will be news aggregation sites and give typical market overview Insights, such as Channel CoinCu Insight and Gameverse, … you can learn more about these channels.
How to use Twitter
Follow the Twitter accounts that interest you.
- To use Twitter effectively, you first need to identify Channels and follow Twitter nicks in projects that interest you.
- Turn on notifications for all tweets to help you actively read the information they share or comment on the forum.
When I open Twitter, I will first watch News Channels of Near or Polygon because these are the two ecosystems I’m interested in. I will follow them and turn on notifications for all these projects’ tweets, ensuring I can get the latest information and not miss them.
Follow KOLs accounts
- You should follow their tweetstorms. It is essential that after following you, you should read all the tweets about the project and the KOLs you are interested in.
- Read and understand the content of the tweets; this helps you understand the content of that project and the vision of the KOLs. From there, it is possible to self-sequence and make projections for the near future.
I usually follow channels like Elon Musk and Edgy – the DeFi Edge. These are the major KOLs of the market, and the information they release often affects the market.
Some tips for using Twitter effectively.
Using hashtags to search ($MATIC, $ATOM, $NEAR,…)
This is considered the most effective tool when you use Twitter to see what other people say about it.
When you want to search for the project of NEAR Token, if you attach the hashtag “$NEAR” to Twitter’s search bar, they will show many results for you to choose from, making research faster.
Identify poor-quality projects
Projects that focus content on price, such as tokens, will increase in price, growth opportunities, and monetization of that project’s tokens. When you encounter projects like this, you need to ask yourself why they do it, and a good project takes up a lot of time, so why do they call the community about its price in the future?
For me, a good project is to go the long way, never fomo the community, and diffuse their benefits in the future.
Looking for potential projects
Usually, new projects are constantly approached by KOLs, Alphas or founders of funds, projects first, etc., and finally to members. Therefore, you should follow all their moves (to see who they are following, what topics they are talking about, and how they interact with those projects).
Investment funds not only focus on one coin, but investors also have many coins, which are often related to each other. So this is the network where projects, tweets, or comments will interact with each other.
Share The way I usually do follow information effectively on Twitter.
- Twitter Account
- Google sheet
- Template Mapping out
Steps to follow
Step 1: Follow Twitter blockchain layer 1
Step 2: Follow recommended twitters and projects built on that Ecosystem.
Step 3: Arrange them into Google sheets for tracking
Step 4: Arrange projects into mapping out to get an overview.
Step 5: Follow & Update daily information.
Above is the complete guide on following Twitter in the most effective way. I hope the article will help you in finding information to invest in.
If you have any questions, comments, suggestions, or ideas about the project, please email [email protected].
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.