5 Crypto Activities: How To Stay Productive During the Quarantine

Ivan Skladchikov
April 30, 2020

How to turn quarantine into an opportunity to expand and diversify your crypto experience? We suggest you add these 6 crypto activities to your agenda. 

Crypto Activity 1: Self-Education

It’s no secret that the average cryptocurrency user lacks knowledge about how digital money and blockchain work. So, if you spend some time exploring these topics, it will give you a big advantage over a lot of people. Ready to upgrade yourself? We have handpicked some crypto activities for making the process more interesting. 

  • Watch educational videos on YouTube. There are many channels created by blockchain and crypto experts. Their videos allow visual learners to understand many complicated things in a matter of minutes.
  • Listen to crypto-related podcasts. Some good examples of this genre are Unchained by Laura Shin, What Bitcoin Did by Peter McCormack, The Crypto Street Podcast, and some others. They give you a chance to listen to many exclusive interviews with blockchain influencers, developers, financial experts, investors, and authors.
  • Read articles that explain how the blockchain tech and cryptocurrency function. No need to go far — in the Exscudo blog you will find many guides making things clear for beginners.
  • Read White papers of the crypto projects you are interested in. You will know more about the benefits, perspectives, and technical details of their coins and understand which one is worth investing in.
Bitcointalk: the oldest crypto forum with millions of users. 

Crypto Activity 2: Join a Community

One of the best ways to do it is to join a crypto forum or community, where you can ask a question, discuss urgent issues with more seasoned users, and share your own knowledge and experience. 

  • Bitcointalk
    This iconic forum was created by Satoshi Nakamoto back in 2008. It supports multiple languages and has over 1,700,000 members. As the name suggests, Bitcointalk focuses on the first cryptocurrency, but you can discuss other coins, too.
  • Cryptocurrencytalk
    This forum emerged in 2013. Here you can discuss any issues related to cryptocurrencies and ICOs. There are over 70,000 participants and almost 400,000 posts that may be very helpful for new users.
  • Reddit
    This website is one of the hubs of crypto activity. Many coin developers have started their subreddits here. Also, you can find a lot of boards dedicated to cryptocurrency trading, investing, development, etc.
Crypto portfolio trackers are useful tools for professional traders and serious investors. Image source: Block Influence

Crypto Activity 3: Analyze Your Crypto Portfolio

Use your free time to summarize your transactions in order to understand what to do with your crypto and fiat savings. Due to this COVID-19 situation, many coins have become more volatile than before. So, it would be wise to reevaluate the related risks and make some adjustments to your investment strategy. It’s especially important for professional traders who need to maximize their gains and minimize their losses.

It’s a bad time for listening to your guts. Instead, try to review the market behavior and identify some patterns. For information, rely on the top crypto communities, statistical data, and predictions from the industry pros. It will increase your awareness of what is happening on the market and what to expect in the nearest future. 

The test version of the Exscudo exchange where you can hone your skills.

Crypto Activity 4: Test New Trading Strategies

These days, few traders are ready to risk real assets just to expand their experience. Therefore, you have two options — to wait until things go back to normal or try new strategies in an exchange sandbox.

Some platforms offer simulators to help you sharpen your trading skills with zero risks. In such an environment, you operate with demo coins. It helps you get familiar with the market and test the functions of the fully-fledged exchange.

For instance, the Exscudo Exchange provides a demo version, designed with both newbies and pros in mind. Here you can select and test-drive the best strategies for real-life trading. If you are wondering how this thing works, sign up for a free demo account here

There are dozens of BTC wallets in the market, each with its pros and cons.
Image source: Con Weez

Crypto Activity 5: Learn How to Use Crypto For Payments

While many people prefer to see cryptocurrencies as an investment or trading tool, they were created as a means of payment. The original idea behind digital money was to make transfers faster, easier, and cheaper. Now, when the borders are closed, we should start using digital currencies for borderless payments.

Explore different payment apps to see how they can help you to send and receive money. By the way, some transfers may be free if you move funds within the same ecosystem. Here are our versions of the top 5 BTC and ETH wallets but the lists may vary depending on your preferences.

Try these 5 crypto activities to make your self-isolation more productive and also enjoyable!

Latest news

What Is Pump-and-Dump Scheme in Trading

Pump-and-dump is the illegal scheme that put the “Wolf of Wall Street” in prison. If you want to know more about this practice (to avoid its negative effects), keep reading. In this article, we are going to answer the question “What Is pump-and-dump?” and explain how it works.  What Is Pump-and-Dump: Basic Explanation  Pump-and-dump as...

Ivan Skladchikov
May 29, 2020

5 Ways to Earn Crypto Online

Many countries are lifting Covid-19 lockdowns, but a lot of people haven’t resumed working yet. In this situation, it’s good to grab any legit opportunity to make extra money from home. In this article, we will share 5 ways to earn crypto online. Sure, we are not talking about getting rich in a week. Rather,...

Olga Shirimova
May 29, 2020