Startup Idea: YouTube Channel Covering Cryptocurrency's Previous Day Moves

Difficulty

On This Page

At A Glance
Important Factors
Similar Ideas

Basic Description

Many younger people (and some older) have an interest in the daily moves of the cryptocurrency markets and how they affect their holdings.

Creating a daily show covering the major cryptocurrency market movements in the previous day could attract a strong following that would continue to grow over time.

FX Evolution does this for the more general investing markets and has seen his audience grow constantly as he pushes out quality useful videos.

Using a template of what to talk about, you could quickly create a video each morning in preparation for the day covering aspects such as:

New candlestick patterns forming on various timeframes
The economic news that is most likely affecting the prices right now
Opportunities such as overbought and oversold
The popular indicators and what they are saying about the market
Large traders and what they are saying right now on social media

To make this work you will most likely need to be in a timezone that is up and awake before the US and the UK to catch those two lucrative markets – or rise extra early!

You would need to be able to produce your video in less than an hour each day ideally (perhaps preparing a lot of work the day before) and ensure that you are regular in posting every day to form a loyal audience.

At A Glance

What are the most important factors about this startup idea?

Market Size

$38 Billion Per Year

A larger market size for a product/service is usually better.

Initial Investment

This is the minimum amount of cash you would need to test an MVP yourself.

Shrinking Market

This startup idea is in a shrinking market and may offer fewer opportunities going forward.

Not Evergreen

This idea is not evergreen and hasn't got an established track record and may have a shorter life.

Not Seasonal

This idea is not seasonal and should provide a stable income all year round.

Not Hands Off

This startup requires human intervention in the running of it to continue producing money.

Important Factors

What are the most important things to consider with the "YouTube Channel Covering Cryptocurrency’s Previous Day Moves" startup idea.

How It Makes Money

The easiest way for this idea to produce hands off income is through the Adsense system built into YouTube, earning income from every pair of eyeballs on your video.

Establishing how a startup will make money is one of the first things you should look at before starting.

Required Skills

A knowledge of the cryptocurrency world is ideal. Being able to produce interesting videos fairly fast would also be an important skill - ideally you would be able to handle all aspects of production.

Having the needed skills to build the MVP for the startup yourself reduces costs massively, otherwise you may have to outsource the work.

Building An MVP

Create a template for a daily video and just start posting them every morning on YouTube. Use the comments system to perfect your formula and then watch views increase/decrease as an indicator of how you are doing.

Building a "minimum viable product" is the first step in launching your startup. It allows you to test the idea in a real-world market first.

Initial Traction

The beautiful thing about YouTube is that it already has the audience, you just need to answer questions that others aren't answering or answer them better.

Once you have an MVP ready you need to get your first customers. These real people allow you to find out what you are doing right/wrong.

Growth Hacks

What are some growth hacks you could experiment with to really launch this startup?

Daily Updates: Consistency is key. Provide daily updates on cryptocurrency moves, ensuring your audience knows they can rely on your channel for timely and accurate information.
In-depth Analysis: Offer more than just the numbers. Provide insightful analysis and explanations about why certain cryptocurrency moves occurred. Break down complex concepts into understandable terms, catering to both beginners and experienced traders.
Live Q&A Sessions: Host live Q&A sessions where viewers can ask questions about the previous day's moves or seek advice on their investments. Interacting with your audience in real-time can foster a sense of community and trust.
Collaborate with Experts: Collaborate with cryptocurrency experts, traders, or financial analysts for interviews and joint videos. Expert opinions can add credibility to your channel and attract a wider audience interested in gaining valuable insights.
Leverage Social Media: Use platforms like Twitter, Reddit, and cryptocurrency-focused forums to share your videos and engage with potential viewers. Participate in relevant discussions, sharing your expertise and subtly promoting your channel.
Visual Representation: Use charts, graphs, and visuals to enhance your explanations. Cryptocurrency moves can be complex, and visual aids can make it easier for viewers to understand the trends and patterns you're discussing.
Cover a Variety of Cryptocurrencies: Don't limit your content to just the major cryptocurrencies like Bitcoin and Ethereum. Cover a variety of altcoins and tokens, especially those that have made significant moves, to cater to a broader audience.
Keyword Optimization: Research trending keywords and phrases related to cryptocurrency moves. Use these keywords in your video titles, descriptions, and tags to optimize your content for search engines, making it more discoverable to viewers.
Create Engaging Thumbnails and Titles: Design attention-grabbing thumbnails and compelling titles for your videos. Make sure they are visually appealing and clearly convey the content of the video to increase click-through rates.
Educational Content: Create educational videos explaining fundamental concepts of cryptocurrencies, trading strategies, or technical analysis. Educational content can attract beginners and enthusiasts alike, broadening your audience base.
Encourage Subscriptions and Notifications: Remind viewers to subscribe to your channel and turn on notifications to stay updated with your latest videos. Engage with your audience and express gratitude for their support, fostering a sense of community.
Offer Time-Sensitive Insights: Provide exclusive, time-sensitive insights or predictions about cryptocurrency moves. Sharing valuable information before it becomes widely known can attract viewers seeking an edge in their investments.

YouTube Channel Covering Cryptocurrency’s Previous Day Moves