Topic: A good reason to always DYOR before investing (Read 775 times)
Certain investors investing in a project because of the hype and fud. Not aware that the most important here is to do deep research if the invested project will gonna be successful in the crypto market once release. A wise investor will take a rest but also DYOR with a project's product and goal.
DYOR is one thing to do if you want to invest. Because with that you can find out the project you want to invest. Because in terms of investment, of course you don't want your investment to be useless, so from that, do DYOR to see the project as a whole from the team, ideas, products and others.
It makes sense to invest in the project that you have an idea. If there is no analysis of the ICO then making investment will be alike throwing a 1 pack of greenback to the litter bin.
It really pains me to see investors complaining about how they lost their hard earned money or savings in a project. But the bitter truth is that most of these people are lazy to do their research and they just get in a project for the promised ROI or because some analyst hyped the project for them.
The main reason why you should consider putting your money in any project (either ICO, IEO or STO) should be because you are totally convinced that the project have an innovative idea with a working product that solves an existing problem (very important) and with a very good and experienced team to lead it to success.
An example is a project I won't mention, a lot of people got into it not because of their personal research but because one analyst ranked it in "Hall of Fame", of which if they had done their research they would have realized it was a ticking time bomb. And it exploded 15 minutes after the tokens were unlocked.
The main reason why you should consider putting your money in any project (either ICO, IEO or STO) should be because you are totally convinced that the project have an innovative idea with a working product that solves an existing problem (very important) and with a very good and experienced team to lead it to success.
An example is a project I won't mention, a lot of people got into it not because of their personal research but because one analyst ranked it in "Hall of Fame", of which if they had done their research they would have realized it was a ticking time bomb. And it exploded 15 minutes after the tokens were unlocked.
One reason we have to do research is because there are many projects that cannot last long in the market. In addition, many projects whose prices fall below the IEO or ICO prices when first listing on the market. This makes research needed so that we do not lose money with our investments
I totally agree with you and think that without any research of your own, it is impossible to make money in crypto industry. You always need to be sure that the project is legit and this can be achieved through hours of learning and researching of this particular project.
Yes.There should good hours intended for research to learn more about the project you want to invest.It's not all the time that we should only depend from the experts and only do what they tell us.Most of the time we should also take our part in investing through proper research and learning to come up with a legit project and be paid with a decent amount too. 
Well.. without doing your own research, you won't be able to find a good project in these days.
Either it is ICO or IEO, research on their company is mandatory for all investors if you don't want to lose your money later.
Either it is ICO or IEO, research on their company is mandatory for all investors if you don't want to lose your money later.
There is nothing to add, all right.But not everything is so simple, it is not possible to be 100% confident in any project.Even a good team, Manager or advertising-is not a guarantee that everything will be successful and you can earn money.Of course it is necessary to do a deep analysis of the proposed product,and still a lot will depend on luck.
Analyst hyping coins have done more harm than good to investors and should be stayed away from. Also, Investors should learn to make their own research before going for any thing be it ICO, STO or IEO just like you said. It doesn't worth it listening to them but it worth it making your own research then comparing with what you hear from them to know if it's true or not.
Agree, in terms of investing in the cryptocurrency market, we better do our own research than trusting unclear information about a project. By doing our own research, we can avoid FOMO and also understand the prospects of the project
Its our core duty to due diligence before investing in any coins/project because there will no use of repenting later and blame others for loss. There must be a planning for investment in any coin and one should do proper research about the coin on own before investing and should not rely on others opinion or any hype.
It really pains me to see investors complaining about how they lost their hard earned money or savings in a project. But the bitter truth is that most of these people are lazy to do their research and they just get in a project for the promised ROI or because some analyst hyped the project for them.
The main reason why you should consider putting your money in any project (either ICO, IEO or STO) should be because you are totally convinced that the project have an innovative idea with a working product that solves an existing problem (very important) and with a very good and experienced team to lead it to success.
An example is a project I won't mention, a lot of people got into it not because of their personal research but because one analyst ranked it in "Hall of Fame", of which if they had done their research they would have realized it was a ticking time bomb. And it exploded 15 minutes after the tokens were unlocked.
The main reason why you should consider putting your money in any project (either ICO, IEO or STO) should be because you are totally convinced that the project have an innovative idea with a working product that solves an existing problem (very important) and with a very good and experienced team to lead it to success.
An example is a project I won't mention, a lot of people got into it not because of their personal research but because one analyst ranked it in "Hall of Fame", of which if they had done their research they would have realized it was a ticking time bomb. And it exploded 15 minutes after the tokens were unlocked.
The place of research in crypto investment decision cannot be over emphasized but times without number, a lot of people still falls for the same thing all over again and just like you have rightly said, its due to laziness but sometimes its due to capacity of what is available to the prospective investors because majority of investors are average users of the internet whose only source of information is through Google and the perpetrators knows that so they put in place what they want those investors to see and blinded them with those few things against seeing some other review that are from those who can do a more detailed investigation on such project.
Analyst hyping coins have done more harm than good to investors and should be stayed away from. Also, Investors should learn to make their own research before going for any thing be it ICO, STO or IEO just like you said. It doesn't worth it listening to them but it worth it making your own research then comparing with what you hear from them to know if it's true or not.
It is true most people don't do research they just Invest in a project because they don't want to miss out, but there are people who take time to do research on a particular project, check out thee team and everything there is, after investing, the whole story changes, that is why I say Crypto is full of uncertainties, one should invest what he or she can afford to loose if after research, the scene goes changing.
The main problem for every beginner investors especially in crypto investment is their mindset, their think to get as much return as they can from their initial investment as fast as possible, they more confident to put their money inon hyip sites with 20% return a day than buying good coins, they sometimes not have enough information about their investment, they just focus with how much money they can made.
It's not about their mindset but they lack of education and that makes them all only try to follow any suggestion that has been created by the shillers. this is happening anytme when there was a newbie joining in the ICO without any knowledge and when they are confusing which is a good ico to invest and shill will come with its million words. A newbie without education will follow the order that created by shillers.
It really pains me to see investors complaining about how they lost their hard earned money or savings in a project. But the bitter truth is that most of these people are lazy to do their research and they just get in a project for the promised ROI or because some analyst hyped the project for them.
An example is a project I won't mention, a lot of people got into it not because of their personal research but because one analyst ranked it in "Hall of Fame", of which if they had done their research they would have realized it was a ticking time bomb. And it exploded 15 minutes after the tokens were unlocked.
A little bit scary investing on crypto. There are several projects that were so hype but people don't really understand that the project can or not be useful in the future.An example is a project I won't mention, a lot of people got into it not because of their personal research but because one analyst ranked it in "Hall of Fame", of which if they had done their research they would have realized it was a ticking time bomb. And it exploded 15 minutes after the tokens were unlocked.
Like what you say before, people are getting baited the hype of the project or maybe through the high rating on some ICO review website.
I totally agree with you and think that without any research of your own, it is impossible to make money in crypto industry. You always need to be sure that the project is legit and this can be achieved through hours of learning and researching of this particular project.
I think at this time anyone who doesn't do proper personal research before making investment whether in ICO, IEO, STO is not getting it right. Never rely on hype from crypto influencers, most are paid reviews. Just take some time to do research properly before taking the investment risk.
Sometimes you check too much. Focus on testing that project too much, but it won't help you succeed in investing either. I have seen many good projects that are highly appreciated, and there are many investors. But then project that scam and make many investors lose. In this market we need more luckIt is great to absolutely do research but we still have to follow hype, opinion and other reviews doing so. Look at harmony, I never heard of harmony until i saw lots of people hyping it, so it was then I did a research on them and decided to follow them. So we can still follow hype, just that we need to do some research on it to still assist.
You're right, some people are lazy to have their own research and easily believe what other has to say for the particular project. Its very easy to make a fake reviews and ratings to hype them and become popular and its just their way to lure investors.
Be extra careful if you dont want to lose your money, dont just look for the possible income that they promise but instead make an extensive research to be aware if there project is for real that can solve real problem and not just another scam in the end.
Be extra careful if you dont want to lose your money, dont just look for the possible income that they promise but instead make an extensive research to be aware if there project is for real that can solve real problem and not just another scam in the end.
Investors should have known in the first place that there's always a risk in any kind of investment. Even if the project has an innovative idea and the team is filled with experience people, it doesn't fully guarantee that the project will be succesfull in the future. There's a good project with experienced team but ended up lack in progress due to internal issue.
l have read your comment and l do agree on the part of with your opinion. That is why you can be right, there is no profit doing research. Overall, the reason will not change. They cannot guarantee you get success or no. But it is something so " l will not play, l have already lost". The situation is changeable. The best way is to research. There is not anything to lose making research, but there is a lot of things to win making research. Sometimes it can be very profitable. It really pains me to see investors complaining about how they lost their hard earned money or savings in a project. But the bitter truth is that most of these people are lazy to do their research and they just get in a project for the promised ROI or because some analyst hyped the project for them.
The main reason why you should consider putting your money in any project (either ICO, IEO or STO) should be because you are totally convinced that the project have an innovative idea with a working product that solves an existing problem (very important) and with a very good and experienced team to lead it to success.
An example is a project I won't mention, a lot of people got into it not because of their personal research but because one analyst ranked it in "Hall of Fame", of which if they had done their research they would have realized it was a ticking time bomb. And it exploded 15 minutes after the tokens were unlocked.
The main reason why you should consider putting your money in any project (either ICO, IEO or STO) should be because you are totally convinced that the project have an innovative idea with a working product that solves an existing problem (very important) and with a very good and experienced team to lead it to success.
An example is a project I won't mention, a lot of people got into it not because of their personal research but because one analyst ranked it in "Hall of Fame", of which if they had done their research they would have realized it was a ticking time bomb. And it exploded 15 minutes after the tokens were unlocked.
This post has captured it all, you don't just go into any project just because some people who are like you rated it so high. Every potential investor need to see the substance (product) of the project and also know how viable it will be.
It really pains me to see investors complaining about how they lost their hard earned money or savings in a project. But the bitter truth is that most of these people are lazy to do their research and they just get in a project for the promised ROI or because some analyst hyped the project for them.
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Mate, I can say that if you are investor these days, no matter the DYOR you do, you may get rekt looking at the current condition. Do you think people who lose do make lazy research or what? The fact of it all is that few funds are collected so devs concentrate on spending that instead of thinking about the progress of the project. Many projects have turned to be scam because of low funds. They have legit team and what ever it may take a legit project but they still fail their investors. ...
I won't blame any investors for losing funds because it is very painful to call those people "not DYOR" meanwhile no one will put their money in a project they know it will fail.
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