Why Telegram is so popular in the crypto community?

Bitcoin can rightly be called the “star” of the past year, since its price rise attracted the world attention to the cryptocurrency market, which becomes inexorably popular from day to day. Questions about how to become a member of the crypto community and earn from it provoked the creation of Telegram channels about cryptocurrencies, which provide users with all the information they are interested in the real-time mode.

And the lack of monetization of the application makes it attractive for both individual participants and large projects – so much attractive that many decentralized projects, digital publishers houses and even exchanges use the messenger and create the full-fledged platforms for communication and advertising. There are even whole groups of “whales” – the owners of large states in the cryptocurrency. Such public accounts can have up to 30 000 – 40 000 active users. The most famous have the talking name – Whale Club and Coin Farm. Here you can meet those who bought bitcoin only for $ 1, and sold for $ 9,000.

$ 5,000 per subscription

There are some channels, sending signals, related to the growth of exchange rates, to subscribers. At the same time, the monetization of such communities is quite successful. So, the price of joining a closed paid channel can reach $ 5,000. Many users are willing to pay such amounts, because they are sure: with one signal it is possible to multiply your asset by up to 10 times. You can be part of a speculative market, but it’s much more effective to create it yourself. This is the opinion of the pump groups subscribers, whose goal is to repeatedly increase the price of a particular currency by making a group exchange purchase by using the strategy of increasing. The final sale price is usually announced in advance and exceeds the purchase price by at least 2 times. For example, in the leading Russian-language pump channel Big Russian PUMP no less than + 200% increase is promised. Further, after the agreed sale, the rate may return to the original values. On such jumps in the token price it is easy to understand whether a coin was pumped or it’s a question of growth against the background of natural demand.

Where is Lambo?

Which messenger still can boast of having the games-bots? Of course, there is no sense to expect a wow effect from them, but they can help to spent some time while transit.

Well, finally, no hype is done without memes, especially when it comes to millions of dollars. If you know the crypto market for a long time, then, for sure, you are familiar with the phrase “When moon?”, which means waiting for the coin to grow. We have collected the top 5 phrases and memes, which any self-respecting crypto trader should know:

1st place – To the moon

The growth of each single coin on crypto market is accompanied with the image of a rocket flying to the moon. Originally for bitcoin, the “cosmic” growth was a figure of $ 1000, then it reached 2000, and now, to fly to the moon, it must overcome the barrier of $ 50,000. In general, for altcoins this distance is much less.

2nd place – When lambo?

Along with cosmic symbolism, the sign of the crypto trader’ success is Lamborghini, or, as it was fixed in the community, “lambo”. Why is this car, and not Ferrari or Tesla, is unknown. But you can always count how many coins you need to buy this sport car. For example, according to https://crypto-to-lambo.com/, the bitcoin owner will need only 36 coins.

3 place – Just HODL

Being just some typos, the word hodl (instead of hold – hold), actively spread in the cryptocurrency community’ circles. However, later, it acquired its own meaning: «HODL», Hold on for dear life

4th place – Mr Trader

Judging by the diversity of this set of stickers, the popular Mr. Trader went through all the charms of crypto market.

5th place – Cryptolamb

When it comes to the falling market, no one wants to be known as a “cryptolamb”. This slang characterizes an inexperienced trader who buys the currency at the last stages of growth, often during the pump, without discouraging initial costs.

And, at last, we will be honest, Telegram gives only those mailings on which the user is subscribed. There is no place to spam. The only weighty drawback is the number of channels in the phone of the cryptocurrency community member, which quickly grows to a very significant one, making it difficult to use the messenger for its intended purpose and turning it into a clogged news line.

This Article was provided by our friend Christopher Owen

Open your free digital wallet here to store your cryptocurrencies in a safe place.