Cryptocurrency has been the subject of many conversations in recent years, with many people looking to invest in it for the prospects of its future profitability. It has gained a lot of global traction among the public, with news media outlets discussing crypto. But what is this ‘cryptocurrency’ that we have heard so much about?
Well, cryptocurrency, much like any other currency, can be exchanged for the purchase of goods and services. However, the thing that makes cryptocurrency unique is that it is a digital form of currency. That, and it uses an online ledger with strong cryptography to keep the security of these transactions as their top priority.
To safely trade cryptocurrencies, it is vital to do so with the help of crypto exchanges, brokers, and traders. This brings us to one of the most experienced and trustworthy cryptocurrency traders, Crypto Choe.
What is Crypto Choe?
Crypto Choe is a platform headed by Eric Choe for helping its clientele find the optimum strategies and investment opportunities to safeguard their financial security in the world of cryptocurrency.
Their team has amassed a huge following over the years, and they are known to be open and honest with their clients. This has earned the team of Crypto Choe a good reputation, and not only have their advice and strategies been crucial to the success of their clients, but their market analysis has shown tremendous results. Due to this, their expertise is often favored and valued greatly.
Who is the man behind Crypto Choe?
Behind Crypto Choe is a man by the name of Eric Choe. He is known as being a swing-trader for cryptocurrency. A swing-trader is someone who adopts a particular style of trading, where the main goal is to collect the most gains in the short-to-medium term, which can be over a few days, or even a few weeks. The optimum trading opportunities are found using technical analysis.
Eric Choe was a pioneer, where he introduced the world of cryptocurrency to different social media platforms and found an audience there. He took to websites like Twitter and paved the way for many modern crypto-traders to get big on such sites. Due to this being such a unique strategy at the time, it helped him build up a successful and trustworthy reputation in this very new and exciting market.
He introduced the Elliott Wave principle to the world of crypto. This technical analysis theory states how the thoughts and psychology of the investors can be linked to and cause changes in the long-term price patterns. He wanted such things to be introduced because it would make the technical analysis more newbie-friendly while also giving it a total sense of clarity.
Eric Choe’s Background:
Eric Choe has obtained a bachelor’s degree in 2016 – a BS with Honors in economics. He has also minored in the subject of Business. He had worked at a top management consulting firm, where he worked at the post of an Associate Consultant. Before this, however, he worked at a large retail energy company based in the United States of America, where he worked at the post of a Corporate Financial Analyst.
After diving head-first into the crypto world, he has gained massive popularity in the community, where he shares all of his knowledge and expertise with his followers. This was after he saved up enough to begin his journey in trading full-time.
He began crypto-trading towards the end of 2017, and he even had experience in Forex-trading since 2012.
Forex Trading is when a person speculates on the prices of a currency to gain a profit. You have to trade one currency for another, so the currencies are traded in pairs. You put up a currency against another one and predict whether its value will rise or fall compared to the other currency. It’s essentially a game of speculating on the appreciating or depreciating exchange rates of different currencies.
The set-up phase of Crypto Choe:
Eric Choe had shared the experience of his first week in the crypto world, which was also the initial set-up phase of Crypto Choe. He felt that it was an experience filled with scepticism, as he had to share a lot of personal information, including images of his credit cards, which even showed his face on them. As hackers and scammers can misuse this information for nefarious purposes, his scepticism was justified.
The learning process was filled with many questions about how to understand the different procedures and the many different mechanisms of the crypto world. This includes the procedures involved in the depositing and withdrawal processes, the different types of coins, what wallet addresses are, etc. However, after this bumpy start, things began to pick up and run smoothly.
During this early phase in the crypto world, it could also be seen that cryptocurrency was so profitable that input in any coin would give you good returns on your investment. This was also the phase where the community faced a lot of growth, and many new faces could be seen springing up. The introduction of these bright, upcoming faces brought a good sense of diversity to the mix.
The world of cryptocurrency is slightly different now, with the main hype almost completely dying down. There used to be a massive rage in the community, where everyone seemed to be jumping into this wild, new world, wanting to make massive investments. Bitcoin was being used in many real-world instances, with ATMs for Bitcoin being installed across the US.
Revolutionizing the Crypto-World on Social media platforms:
Eric Choe went by the name of Crypto Choe on Twitter, where he was extremely active on this social media platform. He was so active that he was seen to tweet at least seventy tweets in a day – an action which had his followers genuinely worrying for his well-being. fearing that he might not be taking proper care of his personal needs. But they also gained a sense of respect for his dedication and commitment.
He was also seen to preach living an organised life to his followers, as he showed them how he balanced his very busy lifestyle – where he interacted with his followers regularly, made a target goal to achieve daily for his trading, spent a good amount of time on keeping his charts updated regularly, as well as engaged in activities with his friends and family over the weekend.
His approach on Twitter was very technical, where his analysis seemed to form a cohesive thought process out of seemingly incomprehensible information. This logical stance was severely lacking in the new and unstable environment of crypto. He was fulfilling a demand in this market and appealing to an untapped audience which opened the door for his massive success.
The personalities from the crypto world on Twitter would usually only tweet about the different price predictions or other news in the market. However, Eric Choe provided not only technical analysis on the matter but also a highly interactive environment for the community to grow and thrive.
Not only was he a professional sharing his expertise, but he was also a very human addition to the community, engaging in friendly banter with his followers. This was a very welcoming sight to his fans, and they appreciated his input and perspective. They looked up to him as a reliable source of information.
What platforms is Crypto Choe currently available on?
Crypto Choe is available on many different social media platforms, as they have targeted many audiences through their socialisation with the public. Some of these platforms include their website, their accounts on Twitter and Instagram, and their profile on Telegram.
There is an option available to subscribe to Crypto Choe on Telegram. By doing this, you will gain access to all the need-to-know details of the crypto world. Not only this, but the team will benefit their subscribers by providing advice on how to increase their profits, as well as to optimise their portfolio profitably. They offer monthly as well as lifetime subscription options.
The team offers many services to their subscribers, one of which is their investment planning strategies. Here, you can see a high level of planning by the team on all of the actions and communications performed.
Crypto Choe takes into account all of the various factors involved in achieving their subscriber’s investment goals. So, it provides a fruitful experience from the very first day of your subscription to the last day of its validity.
WIZDR – What is this?
Crypto Choe has provided its clients with a proprietary algorithm that goes by the name of WIZDR.
A Proprietary Algorithm is a particular type of algorithm meant to solve certain problems that can be translated into actions.
The purpose of this algorithm is to aid in swing trading. It is available through a place called TradingView. After gaining access to the algorithm, the clients that cannot invest their time in trading, for personal or business reasons, can automate the process of following the buy and sell signals.
FAQ’s:
Q1. Is Crypto Choe reliable and trustworthy?
Answer
Yes, Crypto Choe is extremely reliable and trustworthy, being experienced in the cryptocurrency world for several years. Crypto Choe also has experience in other markets, so you are in safe hands.
Q2. Are the services provided by Crypto Choe personalised to cater for every individual’s own needs?
Answer
Yes, Crypto Choe specialises in assessing every client’s individual and unique needs and creates a personalised plan that will benefit their trading interests.
Q3. Is Bitcoin the only one worth investing in, or are other options like BCash or DogeCoin profitable?
Answer
Bitcoin has historically been extremely profitable to the majority of the people, and it will continue to be profitable as it does not seem to be losing its potential when compared to the others. Dogecoin may have some potential, but it is currently known as a meme currency, so that Bitcoin would be the safest option.
Q4. What is the better investment – Gold or Silver?
Answer
It is all about the Gold.
Q5. What are the top five mistakes that can make you lose a ton of money in crypto?
Answer
- Without proper security measures, you can be overcome by the hackers that constantly target such online exchanges.
- Assumptions, as looks can be deceiving, so one should always practice due diligence.
- News, as the technical analysis, cannot take real-time news and real-time changing policies into account when calculating the steadiness of a price.
- Reliance on others, as you should make sure to fact-check information from multiple sources before forming your own opinion on a matter. Relying on a single source can be problematic, unless that source can be trusted to do the fact checking for you.
- Managing risks, as there is a proportion of risk attached to every reward in these trades. We have to make sure that the targeted prices are sensible to be successful in trading. It is crucial to have a solid understanding of the upper and lower bounds of bearish and bullish sentiments.
Q6. How does Crypto Choe enter a trade?
Answer
The first step is to find a bullish trend, as opposed to a bearish trend, because Crypto Choe is a long-biased position trader. The next step is to wait for a bullish outbreak pull-back. The final step is to understand the psychology and momentum of the market by using different indicators, such as the relative strength index and histograms. Support levels and resistance levels are also used to get the swing-highs and swing-lows, so the appropriate range to enter a market or retrieve profits is found. These techniques are the fundamentals of ensuring you reap the maximum reward for the least amount of risk.
Q7. Who are your favourite crypto-personalities?
Answer
- AltOne Crypto: Johnny is up and coming in detailed analysis and the Elliott Wave theory.
- BigCheds: He understands the support and resistances like a master.
- Philakone: He also uses the Elliott Wave theory on Twitter-like me, and is a legend of Fibonacci.
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