Topic: Why Crypto Communities Matters? (Read 237 times)

If it's not the coin where you allocate more than 10% of your portfolio, you may not really join a community but that will also leave you out of the information of what is happening to the project. Telegram channels are created by teams for constant community and that is why they want you to join as well for the community to grow because having a big community is a good factor for positive growth.

No matter how legit a crypto community seems to look like. Don't ever hope on them for better suggestions of the best altcoin to invest in. Do your research no matter how the hype a particular coin cos that's the way they deceived my friend of investing in a shitty coin that no value due to the steady hyped they were given the coin through the telegraph group he joined

The thing is quite a lot of newcomers are not looking for crypto communities to acquire crypto knowledge but to look for signals for profits and ROI, if newcomers are actually seeking crypto knowledge then they'll most likely join crypto communities such as BTT and the other few communities that are repositories of good cryptocurrency knowledge. Most of the groups that give signals/'expert predictions' to newbies are usually filled with quite a lot of scammers, so it becomes easy for them to get scammed, having said that, newbies should steer clear from such groups when new to the network, but rather firstly acquire sufficient knowledge of cryptocurrency.

I can think of a big disadvantage: people thinking they know everything and spreading around FUD or FOMO only 'cause they want their shitcoins to pump. Communities are surely a better way to communicate, but at the end of the day there are going to be so many people fooled by other complete strangers.. because there are too many supposedly crystal balls throwing around fairy tale predictons as if tomorrow you're going to be a millionaire by investing in whatever they own. In the end, most of those guys actually go broke instead.

I have joined various cryptocurrency communities, especially here in the Philippines. They keep growing and introducing newbies to crypto. For me, crypto communities are helpful if you wanna ask some help, advice or something that is related to cryptocurrency. If you can't stay updated, perhaps the communities that you've joined may help if you just turn on your notifications or so. However, joining those communities who are just full of pump and dump stuff or advertising isn't worth our time. It's better to join a real community who can definitely help you even for just a little by giving guides, advice, tips, etc.

^ It is actually the reason why I am here and able to participate in this thread. I am very much grateful to be introduced to the Bitcointalk talk back in 2016. I would never know what could I be doing today if I was not introduced to it. My life has changed the moment I started joining the community. Learned a lot of lessons, able to interact with people with the same interest as mine are priceless. Probably if you were to be given a chance, sooner or later you will make sure to introduce this to your friends and colleagues. Community is very powerful, I hope we should promote our community by doing well.

The disadvantages depend on which community you are joining. There are far more disadvantages than being caught in a scam or pump and dump group.

When I was very early in crypto, I used to be a member of groups dedicated to specific altcoins. Apparently, there are altcoin groups which are like cults. They would like brainwash members into thinking that this and that shitcoin is the only future and where members should focus their funds. These groups are sources of hardline shills spreading across various social media platforms. The altcoin may not necessarily be a scam but it is not the best altcoin either.

I also used to have a community of traders sharing technical analyses. It could also be as toxic as the first group I mentioned. I've encountered trading groups which insist that everything is shown technically on the charts. That fundamentals are kind of unnecessary because the charts could explain them all.  

Or how about a Bitcoin maxi group, quickly striking once and for all everything not related to Bitcoin? You're like a religious member who mumbles, as in a short prayer or a mantra, "Bitcoin fixes this", every time a problem occurs.

The benefits of joining Bitcoin community is because of knowledge of cryptocurrency, because the community we beginners can be able to understand this properly without going to Google for more research, Bitcoin is what we will not study only a day to understand the bases of it, now with the help of community it's very ease to understand Bitcoin.

The rea crypto communities really give positive impacts if they are real enough.
I do agree with some advantages of crypto communities. Moreover, for the official community group of a project, this can be the best place to differentiate the fake and also the real. Sometimes, we may find out so many fake groups that resemble the real group of communities, but they are scammers and offering so many scams especially for investment, airdrops with certain T&C, and many more scams.
Here, crypto communities can be a bridge to expose and also provide official information.

Maybe for the negative side, it may be also in other groups where there may be many scammers also in the group and then sending up PS as an admin or even inviting us to the fake groups and others. That is why we must be always careful and keep calm and wise for everything promotions that are offered.

Faceless is shameless. That’s one of the principals to remember, and although one may feel that interacting with other in a crypto social community may be enriching, one needs to be wary of the potential counterpart from the get-go.

On top of that, one needs to consider whether the community, or part of it’s leaders (so as to say) may have an agenda, which could lead to information bias, using less than desired objectivity, driving the collectiveness in a certain direction with intent. All in all, one needs to be a judge of character, and learn to discern what’s what.

Joining communities is really great, this is one of the good ways to gain knowledge, there are so many active members for every community that may help you understand the things you want to understand but there is also a bad thing about joining a community even though it is really rare, scammers are also present in some communities so be careful, the good thing on it is that the platform or the community may warn you if they seem to be a scammer or not. You may also do some other things to make you learn more by doing a self study.

Signal groups can be advantageous. When I first started crypto, Iwas in a signal group. I paid a subscription fee of course.
As a subscriber you can access premium channel, premium btc updates, premium signals, all of the features on the site and the autotrader.  The signals were mostly 80% accurate but I learnt how to trade on my own by studying how they place trades. It took longer but I learnt along the way. What I enjoyed most was the premium chat, you can discuss any issue with the whole team and the whole premium channel members. There was no spamming because of the strict rules.

Newbies and people tend to join groups to get signals of pumps. Then they will become more dependent on signals or on the other words the opinions of others. They won't have their opinions on how price of one coin moves. They become more lazy and simply wait for pumps signals.

It is very rare to find people who intend to participate in groups just to learn knowledge. Your sentence mentions about interests. For most people, interests mean profits and pump signals are what they are finding for.

why do you need to join the crypto community when you can get all the knowledge in crypto forum like this one.  i am not active on telegram or discord, i am only active on btctalk forums, all the knowledge i get about crypto comes from this forum.  agree with others saying that the crypto community on telegram, discord or whatsapp is mostly a scam, pump & dump place.

Well, what I'm telling about that is the discussion itself.

When it comes to the direct messages, you just ignore the obvious scam messages that would target you.

I find it hard to respond to direct messages, not to talk about me sending a direct message to someone else. The majority of the direct messages I have received are scam messages that are always inviting you to invest in their platform. Because of that I turn off my direct message settings.
To be on the safe side in the crypto community is to dm the admin of the group if the need arises.

Trust system is not necessarily available in every social platform. There are communities where you are prone to be contacted by scammers and if you are not aware enough then you will most likely be scammed.
Communities include good as well as bad people. These bad people can manipulate you or brain wash you into doing bad stuff and later threaten you for the same.
While there are good sides of being a part of a community there are bad sides as well and we can't really ignore that.

You cannot expect that everyone is going to cooperate and help you. But what's good is that there's more than those people.

There's a lot that would be willing to help you and give you the answer that you're looking for. This is the beauty of being in a crypto community, you get to learn a lot of things just like the forum.

I don't trust crypto communities or social media hangouts. Today, the number of subscribers should not characterize the groups themselves, since we all know how easy it is for bots to cheat groups.
The very value of communication, and getting information, I see only on the forums. And even then, at the moment, there are few such forums. Where else can you get a full answer or get good advice, if not on the forum? There is an opportunity to chat with people who have a lot of experience. Unfortunately, there is a lot of fraud on social networks, people hide under other people's masks, and only here, even if we do not see faces, but in any case under familiar nicknames, we are used to reading those people we trust.

Sometime searching alone can also be a good way. But you are right, joining some communities will be helpful, but you are already on a good community where people can help you and address your query and questions. I believe it doesn't need the "most active" the one with common and natural way of giving info is enough already as long as the information being shared is helpful that could be implied as best too.

This stay safe in crypto space everything thing has rules, if one can decide not to welcome any strangers in any crypto related groups they won't be scammed through this way atleast, strangers texting you is danger on its own, some will even pretend to be part of the team.

 Introduction
A community can be said to be a social group of any size, created by people with common goals or interests. A crypto community is one where members share ideas, personal experience and their unwavering love for cryptocurrencies. Bitcointalk forum is an excellent example of such a community.  Satoshi Nakamoto founded the forum to help others in the bitcoin community. I particularly love the rank system and trust system put in place. I hope other crypto communities and groups will follow this thread in the future.

 There are crypto communities on social media platforms such as Telegram, Clubhouse, Reddit, Viber, and so on.

Benefits of joining crypto communities

Building trust and a sense of togetherness
Joining a crypto community doesn’t only make someone a member or give a person a sense of belonging. It also brings a sense of ownership of what the group is about or what it promotes.
If you’re a part of a crypto group, in whichever social media platform it may be, you may have noticed that there’s a variety of people you’re communicating with. There may be newbies, exchange platform owners, traders, and investors, to name a few.

Providing an effective platform for communication
 The world of cryptocurrencies can be overwhelming at first. Through communities, people with the same interests can exchange their ideas and knowledge with members from different parts of the world.

Opening vast opportunities of earning money
People join communities because they want to learn something. They may be curious about a specific cryptocurrency, a platform or an exchange, and products or services.

On the forum, you can find discussions dedicated to different aspects of blockchain technology like ICOs announcements, crypto trading, mining equipment, signature campaigns, airdrops & bounties e.t.c.

Disadvantages of joining a crypto community
I can't possibly think of a negative side to joining a crypto group except for the high possibility of scams. There are pump and dump groups everywhere looking for prey. Joining a community puts you in a box and scammers can target members of these community. That's why I recommend the trust system.

Conclusion
One of the best ways to get involved in cryptocurrencies is to interact with the most active crypto communities. In most cases members are supportive and ready to answer your questions.

https://paxful.com/blog/importance-of-crypto-community/