Crypto Calls, An Ultimate Beginner’s Guide
Crypto calls are becoming an increasingly important facet of the cryptocurrency trading space. Before, traders relied on their own research, or tips from other people to determine which cryptocurrency to buy and at what time. However, with the price-action of a majority of cryptos being largely stagnant, it’s becoming more and more difficult for the average crypto investor to make a return. This article will explore why crypto calls are currently the best bet of making triple digit percentage returns, and who’s calls is it that you should be following.
What are Crypto Calls
In short, crypto calls are instructions sent to you indicating which cryptocurrency to buy. These calls contain information such as:
- The crypto to buy – The call specifies which cryptocurrency to buy e.g. BTC, ETH, XRP
- The buy-in price – The price you should try to buy the cryptocurrency at
- The sell-targets – The price you should sell the cryptocurrency at in order to achieve a profit
- Stop losses – A mechanism to automatically exit your position to mitigate losses
There are various ways to receive crypto calls, but by far the most popular method of getting them is on Telegram. Telegram is an instant messaging service app that has the look and feel of WhatsApp. However, Telegram has certain unique features that sets it apart, the most important being its bot functionality.
Telegram bots can be programmed and designed to handle messages automatically. Users typically interact with these bots by issuing command messages in group environments. These bots can be used to issue crypto calls that allows users to place a trade automatically without have to get on to a cryptocurrency exchange. As long as the correct permissions have been setup, you can place all your trades with the click of a button through Telegram.
Crypto calls are also cryptocurrency exchange specific, meaning, you can only follow a call if you have an account with that exchange. This isn’t typically a problem as most traders tend to have accounts with the major exchanges such as: Binance, BitMex, Coinbase and Bittrex. However, before deciding which calls to follow, just ensure you have an account with the exchange the calls are based on, so you don’t have any issues.
Moving on, another key feature of crypto calls are the periodic updates you receive on any position you have chosen to enter into. For example, if you decide to follow a crypto call and buy Bitcoin, if a profit-target is reached, you’ll receive a notification letting you know that you’ve made a profit. It’s at this point that you can decide whether to continue to hold your crypto to reach a higher profit target, or cash out for a nice return. Conversely, you’ll also immediately receive a notification if a stop-loss has been triggered so you can be certain that any losses you may have incurred are thoroughly mitigated.
Crypto Calls to Follow – AltSignals
Hopefully readers can now appreciate just how profitable crypto calls can be. However, which calls you follow can often be the difference between a profit and a loss.
When deciding which crypto call provider to go with, one very important factor to consider is the size of the following. AltSignals, the best crypto call provider in the space, currently have over 55,000 people following and relying on their calls on a daily basis. They are one of the oldest providers, having been launched in 2017, and since then have been gradually gaining the trust of their followers.
One key feature they provide is producing analysis justifying exactly why to follow certain calls. This can often be important in helping you decide if or not to follow a call in the first place, as well as if you should continue holding your crypto to see if higher price targets can be reached.
They currently provide crypto calls for exchanges: BitMex and Binance, as well as a newly launched Forex service. You can find out more about their signals by visiting: AltSignals Crypto Calls.
To conclude, crypto calls are instructions sent directly you to indicating which cryptocurrency to buy along with trade information such as: buy-in price, sell price and stop losses. These calls can be communicated over a variety of methods, but the most popular way of following these calls is Telegram due to its in-built bot feature.
Crypto Calls can be cryptocurrency exchange specific, therefore it’s key to make sure you have an account on the exchange the calls are based on. The most well-known and best performing crypto call provider is currently AltSignals.