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While aiming to stay up to date on all relevant events and developments happening within the field of crypto, we tend to consume as much content as possible. Being active on different social platforms to just not miss anything.
However, the downside of it is the amount of all information coming to us, that we need to digest and process. Moreover, we often receive similar if not identical posts and messages from multiple channels and sources.
I guess we succeed in receiving all most relevant info, don’t we? But at what cost?
This is why I scan my accounts regularly to leave channels or unfollow accounts which are not interesting enough (to me) because of different reasons. It takes away a lot of noise and, in a practical sense, a lot of clicking to get rid of the badges and numbers…
In this article we discuss the noise and how to get rid of it leaving you with only the most relevant and valuable ones, like those I covered in my “Top 3 Must Follow Crypto Accounts” article. Including examples of my own experience while cleaning my accounts.
Following the mantra of a well known figure indirectly related to the crypto industry:
Focus on signal over noise. Don’t waste time on stuff that doesn’t actually make things better. — Elon Musk.
He does actually make a good point here. Why would we spend time on stuff which is not valuable for our main goal? In the context of this topic, why would we allow noise to reach us anyway? Especially when realising that we have the ability to cut it off.
Less information coming to you, means less noise, means less subtraction from the primary task at hand, means more focus, means higher quality results!
You may partially or completely agree or not with this, but in my opinion and experience this does covers the effects quite well. In fact, like I said, I do this for myself regularly.
Now that we agreed, you are still here so let’s assume we are on the same page, on filtering out the noise we still need to be able to identify the signal. What is actually valuable information which helps us with our main task or goal?
Easily said, it depends on your task or goal. But there are some things you can think about when distinguishing the more valuable from the less valuable channels and accounts. For example, think about this:
- Do I receive similar or identical content from different accounts? If so why not follow one instead of all?
At a certain moment I was following so many channels in the same field, all Crypto trading channels, that for each move in the market I received all similar updates. While at the same time I was monitoring the market myself as well.
I also figured out those channels were copying views of each other, so interesting patterns which were developing were posted on different channels as well. Just pick the ones you like best and exit the others.
- Are there any channels aggregating content from different channels into one? If so, leave the others.
There are a couple of aggregating channels in Telegram which take content of a variety of channels and publish it in theirs. Although these won’t publish all content from those underlying channels, it does provide a good general view on the market situation.
- Are all accounts you follow still relevant? Or were they only relevant for topics you were working on in the past? This is legacy, you don’t need to stay connected.
At first I was doing a lot of technical analyses myself but at some point I decided to move away from trading. Instead my focus shifted to DeFi and passive income type of projects. All trading and signals channels became irrelevant for my new goals. Therefore I decides to dramatically scale down on those.
- Are you following accounts out of kindness to the other? Should you still be kind for that person? If not, disconnect.
When starting to grow your own exposure and trying to extend your reach you might follow and interact with everyone who passes by. However, at some point you might find out that the value you get from some of the accounts you connect with in the past might not be that great for the topics you are focussed on. If you aim to get rid of the noise, breaking these kind of connections could help you.
- For each account you should ask yourself: what do I expect to get from this one? And how often does it actually bring that value?
Do you have a clear idea what you hope to get from every individual channel or account? If not, this could be a good validation to apply in order to decide whether or not to stay connected or involved. If you do have a good idea what value you hope to receive, you should check for yourself if you’re actually getting what you are looking for.
- How big is the issue if you are informed a bit later than instant about an event within the field of crypto? Even if the channels your are still connected to are a bit later, is that really a problem?
Given the goal your have for your primary work, how big of a problem would it be if you receive the information about a significant event a little bit later?
For example, when you are day trading, every little move in the market is relevant. While if you are involved in the field of crypto for the long run timeliness might be less important.
I’m pretty sure this list is incomplete. However, I do think it covers some interesting views on how to approach your own social media approach.
Any tips from your side? What are the conditions you apply to the channels and account you follow or consider to leave? Drop them in the comments.
The first time you go through your lists it might take some time to decide on each and every channel. But later on, when you left or unfollowed the first couple of accounts it will become easier. Especially since you will experience that in fact you aren’t missing that much after leaving the removed account and in addition to that you getting more experienced in how to validate the value of a particular channel.
Now you got some homework to do on your own. Good luck and I wish you a lot focus!
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