How To Learn And Avoid Fake News In The Crypto Market
The bitcoin and crypto market is getting stronger and stronger every year. There are also other market news and information channels. This makes it easier for investors and interested parties to access and obtain information from many different sources. At the same time, too much information on FUD News also leaves investors, especially newbies, more confused when choosing information. So let’s look at some ways to find information in this market.
You have a basic knowledge of the market
First of all, we need to know the basics of the crypto market, especially those who want to invest in this market. Information like Bitcoin, Blockchain, Ethereum, … Thuan Capital has built a section on market fundamentals for newbies. You can watch Here.
Find and review information
The crypto market gives a lot of information on Twitter. When we see information or news, we need to see where that information comes from, who is providing the information, and why that person is providing that information.
Next, you need to verify this information by searching for keywords on search channels like Google. If the information is reported by many different media sites and channels, we read to evaluate the content of the information in different sources, then it is very likely that this information can be trusted.
If the information is related to large agencies, we can search for information or search for keywords through that agency’s official website. For example, a lot of information has been reported about the Binance exchange ban in the UK. However, an official notice was posted on the UK Treasury’s official website fca.org.uk stating that the UK only prohibits trading in futures and options contracts from Binance Markets Limited in the country.
Or the information that makes you wonder a lot about whether Apple will buy $ 2.8 billion in Bitcoin. When I checked, the original source of the information shared was a Twitter channel with a low fan base and frequently shared memes about the market. This page is used to share information for joking but is shared quickly by other channels.
Monitor information through quality channels
Monitor information through reputable and high quality channels and need to review information through multiple sources or channels at the same time. There is also information from anonymous people that is difficult to evaluate. With this information we will follow to see reviews or information from other channels when the official channel is launched.
Some practical information channels such as Coindesk, Cointelagraph, … Or paid on-chain information channels such as Glassnode, CryptoQuant, … These are some information channels that you can refer to. In addition, there are many other information channels in which one can learn and maintain more knowledge and experience. From there there are ways to track appropriate information and make your own assessment of the information in the market.
Also because the information on the crypto market is very different. And especially when the market is still quite small, there will be many sources for FUD or fake news. Hence, the Thuan Capital Channel was born for Thuan to share, choose, and provide you with better and more reliable information. Thank you very much and hope to continue to receive your support with the channel.