The constant flow and sheer volume of news and market analysis around cryptocurrencies can be overwhelming, but it doesn't have to be.
Harnessed in the right way, this information stream can become a useful tool to help inform a strategy around crypto and assist in your decision-making process. Here are some of our top tips.
Use Reputable News Sources
Maybe it goes without saying, but because there are a lot of unregulated crypto news analysis websites out there, it is essential to cut through the noise by only focusing on reputable sites. CoinTelegraph, CryptoSlate and CoinDesk as specialist sites and major news outlets such as Forbes and Yahoo Finance which cover crypto and digital assets are some of the picks for up-to-date information, but any news consumed on those sites should also always be cross-referenced with other sources.
Follow Industry Thought Leaders
Key figures with authenticatable reputations and track records in covering crypto news and providing analysis should be the main sources you seek out. Their insight and commentary is far more likely to be well researched and based on genuine experience and knowledge than any of the numerous sites that regurgitate trending news.
Cross-Reference Sources and Go beyond Headlines
Never rely solely on one news or analysis outlet for information - always cross-check a theme or topic that you are investigating across multiple reputable sources to ensure a well-informed perspective. And always look deeper than a news article’s headline, which may be spun a certain way to fulfill an agenda, and which does not give full context.
Utilize Data Aggregators/Analytics and Look for Long-Term Trends
Don’t rely on the news you consume, but complement it with data and analysis from sites such as CoinMarketCap and CoinGecko. Their data and key metrics on prices, historical trends and trading volumes and much more can be useful, but as with all news and analysis websites any content or analysis should also be treated with caution and cross-checked with other sources.
Be Acutely Aware of the Emotional Impact of Dealing with Crypto
It’s vitally important to understand the emotional and impulsive reactions that can take hold when dealing with cryptocurrencies. Fear, uncertainty and doubt (otherwise known as FUD in crypto circles) can lead to poor decision-making, but knowing what it is can help identify early signs and avoid it.
The descriptions provided about the above trends and products are all based on publicly available information, and as such cannot be considered as financial advice or encouragement to invest through them. Sources of information used in this article include CoinTelegraph, CryptoSlate, CoinDesk, Forbes, Yahoo Finance, CoinMarketCap and CoinGecko. All transactions involving digital assets involve certain risks, which you should familiarize yourself with prior to any investment.