How do you guys tackle information overload?

[daobingsu]

Usually, when it comes to cryptocurrency investments, I go through the following steps

1) General research to find out about any new coins to invest in
2) Preliminary research to see if the coin is legit or worth investing in
3) Ongoing research to find out market events that can impact a coin's price

Step 2 is rather straight forward but the one I have an issue with is #1 and #3. There is just so much information going around that I end up just sticking to the tried and tested ones like Bitcoin, Ethereum, etc.

Do you guys have any suggestions or workflows on how to tackle information overload?

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[daobingsu]

Does anyone use a news reader for example. I thoroughly enjoy inoreader to help me collate all the news that interests me. Is there such a thing for cryptocurrencies?

[cryptomaniac_xxx]

Personally, I do it the old (school) fashion way, I have my pen and paper ready always, and then I write down what new coins that I wanted to invest. And then I move it to a notepad or Word document and write down as many information I can get from the Internet.

I think to remove yourself from information overload, filter out projects that you wanted to invest, perhaps 2-3 at a time so that all the data that you are going to get will simply stick to your mind before you make your final decision. And then repeat the process again until you get like 5 good investments in your portfolio. Perhaps the problems lies with too much projects you want to invest in the first place. So take it slowly, best of luck to your investment journey.

[20kevin20]

You can't have them all. Research obviously takes time. If you're willing to look for a reputable project, using your time to research is a must and surely will more often than not turn into a waste of time.

How do I tackle the overload? Well, don't rush investing in a project. The only one who's going to lose in this situation is you. Take a few days or even weeks, research the coin properly, stay up to date with the news and ANNs (if there are any) on BTCTalk and there'll be no more overload. In time, you'll have enough knowledge to notice when something seems to be wrong.

[Bttzed03]

~ Perhaps the problems lies with too much projects you want to invest in the first place. So take it slowly, best of luck to your investment journey.

My thoughts exactly. OP is probably rushing it and thinking he needs to finish reading this project at a specific time because there are more projects lined up.

@daobingsu how many whitepapers do you review every week? If it's 10 or more, try skimming each of them first. Separate the projects that interests you then read further. Before doing that, you must have your own basic standards on what projects you think is good in the long term.

[Assface16678]

I'm not really a fan making an investment to a coin other than bitcoin. I'm not telling you that I'm a professional in terms of investment but I know some of the things about the market movement so I have no idea when is the right time to buy bitcoin and sell bitcoin.

For now, making an investment with other coins I don't really listen to the people to my surroundings and one of the things I could do is making an investment at my own risk.

What are the things unusually do before making an investment?.

Read a lot of things related to this coin.
Keep updated about the news on this coin.
Use the buy low and sell high movement.

Don't get carried away by the statement of other people.

[Twinkledoe]

I'm not really a fan making an investment to a coin other than bitcoin. I'm not telling you that I'm a professional in terms of investment but I know some of the things about the market movement so I have no idea when is the right time to buy bitcoin and sell bitcoin.

For now, making an investment with other coins I don't really listen to the people to my surroundings and one of the things I could do is making an investment at my own risk.

What are the things unusually do before making an investment?.

Read a lot of things related to this coin.
Keep updated about the news on this coin.
Use the buy low and sell high movement.

Don't get carried away by the statement of other people.

We are the same here. When I got burned with the ICO projects, I stopped investing on new ones. Though I lost not huge money but for me, it is already significant amount. So like for example right now, the hype is DeFi. I am just looking at projects, reading them and checking the background but not investing on them. And from what I am seeing, a lot of these DeFi projects are just crap, based on my assessment. So I guess, we will be seeing only few of them that can survive.

[Upgrade00]

I shared this during my recent interview on the forum;

Someone should only invest in what they are actually interested in, special education cannot grow genuine interest. This may be a bad strategy as it limits your portfolio.

Rather than doing research to find out about coins to invest in, I would look for projects that actually interest me, this would help you avoid information overload as you only stick to what you have knowledge on or have interest in understanding. Of course, interest would not always result into investments. A project can have an attractive idea but no feasible road map to realize that. This would then bring the investor to the second and third points you mentioned; preliminary research and market analysis.

There is just so much information going around that I end up just sticking to the tried and tested ones like Bitcoin, Ethereum, etc.

Sticking to tried and tested coins is a somewhat safe strategy, but, the mistake I think investors make is using Market Capitalization as a metric to guage a project by. A cryptocurrency making it into the top 50 or 10 list by MC is not an indicator of a good investment (the list has shuffled over the years). One would still need to do layers of research to determine which is worth investing in.

[oHnK]

My ways to tackle information overload such as:
1. I just do what really i interested.
2. I add my knowledge about something that i interested with read many articles, or research every sources which i can get.
3. When i have some bad feelings, i will ensure my self and find the answer but if i didn't find anything reason i will  stop it.
4. Make many discussions with seniors, the professionals, and others to get their experience.

Thats all my ways to tackle overload information.

[rajakulam]

To find more information, you can often visit this forum and make it a habit to ask the seniors in the forum to make sure that the steps you take are correct and do not have a bad impact in the future.

[ethereumhunter]

For number 1, I don't invest in new coins listed on the exchanges because that coin can get manipulations from the investor. I prefer to choose the other coins which have stable movements or at a low price.

For number 3, I will look at the coins with a red candle, so I think I can find some potential coins that can increase later. But that is not always helping me to find the coins, and sometimes, I need to spend more time to find the right coins.

[Cryptoangel01]

Recently I just step back. I don't want to research anymore. I just go through the chats and see what others are saying and I do not engage further from there

[rexxarofmoknathal]

Usually, when it comes to cryptocurrency investments, I go through the following steps

1) General research to find out about any new coins to invest in
2) Preliminary research to see if the coin is legit or worth investing in
3) Ongoing research to find out market events that can impact a coin's price

Step 2 is rather straight forward but the one I have an issue with is #1 and #3. There is just so much information going around that I end up just sticking to the tried and tested ones like Bitcoin, Ethereum, etc.

Do you guys have any suggestions or workflows on how to tackle information overload?

When you do such a broad research for a project or a coin or whatever the best way to prevent information overload is to be selective. Filter out all that jargon and also get info from reliable sources too. These days getting info is difficult so you have to cut out the none-sense early on.

[usm2000]

Recently I just step back. I don't want to research anymore. I just go through the chats and see what others are saying and I do not engage further from there

Have you done them to bounty campaign only or? his other thing also the creator is not more risky to the opinions of others without us knowing? his background do you believe that easy with the others

[yhiaali3]

For me, I prefer investing in those currencies that have been tried and proven successful, nor do I prefer investing in new tokens because most of them are failed projects and aim to quickly profit and then disappear, as happened with many of them already.
In any case, you can get rid of the information overload by focusing on one thing only, for example, you can focus in your search list on the project team, if the project team has a good reputation and has successful past experiences, this gives a lot of success to the project, a good team follows up The currency project and its continuous development is not satisfied with just inserting the currency in one of the exchanges and everything ends.

[usm2000]

I used to comment on the without use of emotion , because  take us into to voracious therefore i usually use research without emotion in a clear mind

[semobo]

Usually, when it comes to cryptocurrency investments, I go through the following steps

1) General research to find out about any new coins to invest in
2) Preliminary research to see if the coin is legit or worth investing in
3) Ongoing research to find out market events that can impact a coin's price

Step 2 is rather straight forward but the one I have an issue with is #1 and #3. There is just so much information going around that I end up just sticking to the tried and tested ones like Bitcoin, Ethereum, etc.

Do you guys have any suggestions or workflows on how to tackle information overload?

News sites will be helpful to find out the new crypto projects then we can choose the projects by your preliminary researching way.IMHO buying the coins once it hits the exchange is the best idea even if you see highly potential coin because for sure the token's price will be dumped initially so you can get the tokens which equalizes the discount but primarily we can save our capital from scam projects.

[bitzizzix]

I will personally do research to continue in as much detail as possible to confirm that information, and I wouldn't easily believe it before doing research if there are new coins on the exchange or anything crypto-related.
don't be easy to believe and don't be too hasty before acting and always learn from other experiences and problems that have occurred in the crypto world so that you don't easily believe and get lost.

[DarkDays]

Chunk it down into more manageable fragments.

I've seen far too many people lose their money because they were dealing with too much at once, and didn't have the time to perform their due diligence.

Obviously there's such a huge number of projects out there right now, that's simply not possible to become an expert in all of them prior to investing—either because there isn't enough information available, or you just don't have the time.

I try to just stick to an agenda of researching 3-4 topics for 15 minutes (or more) each per day, to ensure I know enough not to get ripped off, and to get a general idea of what the project is.

It's worked out fine so far.

[Kehindem]

Most of the time this always happen, what to do is to check all information i.e (the  coin to be considered)  for the first time, and after rank them like top 10 or of choice, so one can easily centered on the 10 and picked the best of it, though it might look stressful, but best will be gotten from it,