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Author Topic: How do you guys tackle information overload?  (Read 267 times)
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September 18, 2020, 10:37:21 AM
 #21

   I am a long-term investor, I hold all my investments. After years of investing in crypto-currencies I have many coins and tokens.
I mostly work to add more of those what I already have, to make my position stronger, but from time to time I add some new
potential coin to my portfolio. New investment opportunities are everywhere around, but most interesting things comes from the
forum members here, it's how new projects draw my attention.



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September 18, 2020, 12:20:05 PM
 #22

What I usually do is I filter out the information based on my immediate needs. If I need investment then I will jot down those I will invest on that day, then remove all the unnecessary information that I will not use. If it's trading strategies for the day then I will make my notes then use a calculator to compute stuff. Then delete or remove them from my notes once I am done. I am not the type who saves things for future use. I am the now guy I guess. I do day trading for a living and it doesn't matter if crypto goes up or down, as long as I profit from today's work.

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September 18, 2020, 12:45:07 PM
 #23

I guess the only way you can tackle information overload is for you to do your personal research very well before carry out your coins to invest.
Some time profit making in your investment is just by the grace of God, because sometimes you may think you invest your coins in the right place  not knowing you invest in the wrong place.
What really win it all is patient. Patient sometime tackle information overload  in the area of market, where you will be hearing different kinds of price information.
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September 18, 2020, 12:53:48 PM
 #24

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?

News article can only help if you are looking for  latest news that can affect the price of the crypto currency that you are watching. Following it will make it easier for you to judge  what will be the price movement base on the news and if its good or bad. For latest project that they are  making an announcement or good feedbacks there are  also possibilities that they been paid for it so you cannot trust them fully if you know that they have been paid for that article.

Every one is looking for new opportunities we understand its hard to find one investment that you think can give you high earnings in the future.but its your task  as investors to find it you will only enjoy  the profit if you know you are the one looking for it and not only base on other peoples opinions.

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September 18, 2020, 12:55:28 PM
 #25

Quite simply , you should not read all 100% of the news and Analytics that exists on the Internet. It is enough to choose 5-6 publications and sources that are conventionally reliable and, based on the accumulation of information from them, Supplement your vision of the market and update your opinion about it.
It's really a big mistake that the same beginners try to read everything in the world, which makes them even more confused. And given how much, in principle, there is now unnecessary information noise-this leads to the fact that instead of at least some assimilation of information, you start to ignore everything at all.
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September 18, 2020, 12:56:50 PM
 #26

What I usually do is I filter out the information based on my immediate needs. If I need investment then I will jot down those I will invest on that day, then remove all the unnecessary information that I will not use. If it's trading strategies for the day then I will make my notes then use a calculator to compute stuff. Then delete or remove them from my notes once I am done. I am not the type who saves things for future use. I am the now guy I guess. I do day trading for a living and it doesn't matter if crypto goes up or down, as long as I profit from today's work.

Prioritization is the key not to overwhelm yourself with too much information.
And your strategy is actually nice, because you can focus on what you need to do for the day.
On my end, I usually have the list of coins or tokens that I need to trade with.
So I will not forget that I still have those tokens or coins in my portfolio.
And I also put remarks opposite to it like waiting for exchange or any related info for that coin.
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September 18, 2020, 01:16:46 PM
 #27

the technique you use is right, if you want more information about cryptocurrency you can ask a few questions to colleagues who have been in the cryptocurrency world for a long time, and can also search for other information according to the topic via google search
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September 18, 2020, 01:25:36 PM
 #28

the technique you use is right, if you want more information about cryptocurrency you can ask a few questions to colleagues who have been in the cryptocurrency world for a long time, and can also search for other information according to the topic via google search
I am not very good at finding the latest information on projects in the crypto market. I did something as simple as the OP said. but often I am always late in seeing the market moment in motion. I often skip parties when the market is pumping. and now I anticipate all of that by buying as many assets as possible when the market does collapse.

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September 18, 2020, 01:40:11 PM
 #29

1) General research to find out about any new coins to invest in
Agree this is the most confusing task since new coins/tokens are created on a daily basis. Perhaps you can sort the ANN thread by first post, and utilize coinmarketcap. I'm afraid there is no shortcut to this task since if it's already on the news, then perhaps you have missed the train.

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September 20, 2020, 07:55:01 AM
 #30

Spray your money into 30 different projects and pray Cheesy That was my initial strategy when I was introduced to the crypto world, now I tend to be more level headed. Do your due diligence, choose your picks, dont follow the hype and be up to date with development regarding your picks - if they fail to deliver, move on and repeat the process.
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September 20, 2020, 08:05:05 AM
 #31

The best way to avoid information overload is to restrict your search to few projects at a time. Reviewing too many projects simultaneously could be discouraging. Taking a project and finding out all about it, would be more productive and fulfilling.
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September 20, 2020, 09:53:28 AM
 #32

The best way to avoid information overload is to restrict your search to few projects at a time. Reviewing too many projects simultaneously could be discouraging. Taking a project and finding out all about it, would be more productive and fulfilling.
Why is it disappointing to review too many projects simultaneously? wouldn't it be better in terms of gathering information so that someone doesn't get caught up in a scam project, because finding a good project at this point is very difficult for everyone even though a good project is still there.
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September 20, 2020, 10:26:18 AM
 #33

Yes, samething happen with me. I deal with it by focusing in just few projects, follow their roadmap and events to decide when to in and out. And also, find and choose 1 to 2 groups or chanel to discuss and get new informations, overload is the main reason of losses in this market.
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September 20, 2020, 11:01:34 AM
 #34

I think the first thing to do when you've got so many information is do the self-research. Search on the internet, and filter it, which are true which are false. So that we can't get easily consumed by false information.

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September 20, 2020, 12:36:54 PM
 #35

There won't be much trouble, depending on the purpose of a long or short term investment to determine which cryptocurrency should invest.
If you invest in the long term, you should look for growing projects and invest a small number of assets because they can bring big profits.
Focus on the top 20 cryptocurrencies and invest 30% of the capital, buy when these cryptocurrencies drop in price, and sell at the appropriate 30% to preserve capital. Always reserve USDT for DCA when needed.
Study a project taking into account its source code and functionality. Projects that overlap ideas with their predecessors won't be used by everyone.
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September 20, 2020, 01:32:51 PM
 #36

If you keep up this way you will wear yourself down with too much info and less meaningful, once you have identify the project you find interesting, just head straight to their social media to follow up on all their updates, and if possible join any of their active community and see how active the team members are or how often they visit those community, you can even have a one - on- one chat with the team if possible,

Hearing from the horses mouth is much better because we have different information on the internet with contradicting opinions that will most likely get you confused.

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September 20, 2020, 01:40:13 PM
 #37

With internet and its multiple resources, there is no avoiding any information overload, whatever the field! One just naturally learns through experience, the trusted sources, coming up with ways to naturally comprehend and filter stuff valid to us at that time. I would suggest you choose your projects, do your research, and ask for help on forums like this, but still take your own decision finally.
Miaallen
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September 20, 2020, 02:01:46 PM
 #38

When you said general research, I guess that includes checking the people stated as the project team members,their background, financial status, capability to achieve the project's stated objectives,and if the team members stated really have to do with the project.if you general research doesn't include that, you need to include them.
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September 20, 2020, 04:23:41 PM
 #39

I do not move very quickly which allows me to take it all in. If you read all the news and get all the information and you think that you should move right away, you will miss out on some information or not realize how important another one could be and all of those will make you lose a ton of money.

However if you wait around, you will be late but you will also be more ready, at that moment if you are too late then let it be, you do not have to make trades, nobody forces you to make a trade on gunpoint, miss opportunities and profits that is not a problem compared to losing money directly. However if you are not late, and you think you got all the information and you studied it very well, at that moment you could make a trade that would allow you to profit easily.
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September 20, 2020, 05:53:13 PM
 #40

There are ways to cut out noise i the space, when you see a new project, add it to your watch list, then look at those covering it and investors in it, if you see some of these big names behind the project then you are sure the team is real if not look at the twitter influencers shilling the project, if is someone you trust then good, just wait fro the IEO or IDO, or wait for the right price on exchange.

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