A good reason to always DYOR before investing - page 2.

Uju4real

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Quote from: odukoyaewatomi27 on July 03, 2019, 04:40:27 AM

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.

You are very right here, most investors are attracted by the ROI and nothing more. It is always very very necessary to to make deep research for any project or even anything you want to invest your money in

chipzeru

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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.

retnoanjani

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Quote from: ?? on ??

Well, when we invest in ICO, of course we want a high ROI because naturally what we want is only profit without wanting to see the product being done, so the big mistake is the lack of analysis on a project so we just follow the flow of many people who enter project so we make an investment without knowing the product.

You are right. by doing your own analysis, we will better understand the project. if the experience is qualified, you can anticipate a scam. only yourself understands the limits of ability, so take as little risk as possible within your limits.

waichi

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Quote from: odukoyaewatomi27 on July 03, 2019, 04:40:27 AM

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.

That's the reason why we should do our own research before we invest our money. You are right that many ICOs are being hyped by many and we have to be careful about that. In the world of cryptocurrency wherein, we do not have any claims or security on our investment, so we should be more alert and cautious about everything.

Quote

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.

For a long-term perspective, studying and understanding the project and assessing how will it contribute for the better of the society will help you decide if that project is worth to invest for a long period of time. But in trading, you won't need to know the project itself, you only based your decision to buy the coin based on its chart.

btc_angela

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Quote from: meanwords on July 23, 2019, 07:18:01 PM

Or maybe they've research the project but it turns out to be a big scam. It's just that. Research alone is not enough to know if a project is going to succeed or not. Maybe due to the influence of others, they've concluded that it is a good project to invest to but whined when it's not. I myself are doing a thorough research in order to profit in some project, but I'm a human being, I make mistakes which led to failure sometimes.

But at least if you do your part, the chances of you being scam will be lessen. But if the project you have study turns out to be a scam then you can't do anything about it. It's just the way it is, accept it and learn. You gain valuable experience from it, that's for sure and the tell tale signs will be evident for you if you decided to research on the next project you wanted to invest.

meanwords

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Or maybe they've research the project but it turns out to be a big scam. It's just that. Research alone is not enough to know if a project is going to succeed or not. Maybe due to the influence of others, they've concluded that it is a good project to invest to but whined when it's not. I myself are doing a thorough research in order to profit in some project, but I'm a human being, I make mistakes which led to failure sometimes.

tanjiran

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Quote from: InwardContour on July 23, 2019, 05:33:35 PM

Some people do not even know how to go about research before deciding to invest in a project. Reading the whitepaper alone is not enough, looking at the Roadmap and plans on paper is not enough too. One should try to verify if the team is real, which is always my first step. You can check them up on LinkedIn or if they can do an AMA video, then it will be cool. Next is to check their product and token economics. Also, do they have any project backings? All these are vital aspects one needs to check before investing to avoid regrets.

Analytical abilities increase with increasing experience. a lot of things are unpredictable in cryptocurrency, even analysis by a professional is sometimes missed. then the most important thing is we are able to recognize the limits of the ability to control risk, so never inveat more than you can afford to lose.

cryptobae10

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Doing your research is the main and principal thing
The first and foremost for every individual in crypto currency; either you are a newbie or a professional

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InwardContour

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Some people do not even know how to go about research before deciding to invest in a project. Reading the whitepaper alone is not enough, looking at the Roadmap and plans on paper is not enough too. One should try to verify if the team is real, which is always my first step. You can check them up on LinkedIn or if they can do an AMA video, then it will be cool. Next is to check their product and token economics. Also, do they have any project backings? All these are vital aspects one needs to check before investing to avoid regrets.

SolarWindMiningCompany

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Every venture that requires money inform of an investment for a profit should not just be properly evaluated but also researched. We should learn to look beyond the hype product developers built to mentally woo investors but on the substance of each project. Because this is what sustains it

Ranly123

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Quote from: odukoyaewatomi27 on July 03, 2019, 04:40:27 AM

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.

Can't blame investors about riding the hype on some projects that is rated high. Even DYOR technique does not always work the way we want it to be because of those project devs and other investors who dumps during token unlock and listed on exchange.

BitcoinPanther

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If we value our money, our time and our effort that much, you are right, do not be lazy especially doing research before investing on a certain project that will not make or break your future. What is a week of DYOR compared to a long-term benefits. This will not hurt us so much and we are guided of method on how we will determine a project that will change our future.

republicrypto

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Keep it Simple guys :)

Quote from: libert19 on July 03, 2019, 11:23:48 PM

Internet is filled with shillers, and sometimes your own friends will shill you too. Don't believe anyone, dyor.

nice words bout the internet
but, sometimes while we do our research we need some reference to do our research mate
such as read an article from the mainstream media and other
regards

ansarose1

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I think it is a must to do if you are going to invest. DYOR can be a key to be in good hands when you invest, we must do further research if we enter on some ICO or IEO to invest with. We need to see the transparency of the project and who they have in the team or staffs. In this case, we can be joining a good and productive project.

OptimusPrime_3

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You have made a great point, but once again, there are very little chances to know a real and fake projects. Sometimes even after doin research and and you get all green light that the project is good only to be disappointed at last. We all need to be careful

funex

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I think the problem some investors have is following hypes on projects to invest in them instead of diligently carrying out a research to find out if such projects are worth investing in .

most of those sites promoting those projects are being paid to do so , therefore you wont expect to see any poor rating from them . Most times even the whitepaper deceives , i have seen some projects with very good white paper content but at the end they exit Scam .

Investors should be able to check the project team and road map , find out if the Developers/ Team are actually working according to the Road map . find out how active the Team is , Check the actual use case of such tokens , do they have a working project or not ? these are some of the things investors should look out for before investing in any project.

Rather than just FOMO and run in because others are running in , they should take their time and do their research so they don't end up regretting.

lousie9

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Not all tokens get great interest when these tokens enter the market, but product and team analysis is really needed when we will invest in token sales so that when the token enters the market it can get a good price but we also need to know that each project have a different roadmap from their team so that prices can explode after the product enters and enters a larger market.

Vaculin

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Winding down.

Quote from: romecheo on July 21, 2019, 11:59:33 PM

This is an absolute and primary requirement before investing, why someone risk his/her money on the things he/she doesn't understand.

However, other project even has a great team, adviser or budget, sometime won't achieve their goal and turn to fall.

It's better to invest in something worth it than just investing in something.

I agree, DYOR is a basic requirement for every investor to find a good project.
However, if we talk of investing in the crypto market, this is a high risk form of investment, like ICO, although you will DYOR, you are putting your money in a high risk investment since the overall success rate of ICO now is maybe less than 5% in general, and I don't think that's worth investing.

romecheo

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This is an absolute and primary requirement before investing, why someone risk his/her money on the things he/she doesn't understand.

However, other project even has a great team, adviser or budget, sometime won't achieve their goal and turn to fall.

It's better to invest in something worth it than just investing in something.

deodivine1

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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.

Topic: A good reason to always DYOR before investing - page 2. (Read 775 times)