Isn't DYOR a thing that must be done for us, not only as investors but also other participants? DYOR is very important to know:
1. Quality of the project
2. Prospects for future coins or tokens from the project
3. Roadmap and team
4. Scam or legit
This is the basic ways of us when we are going to make some research or getting the exact analysis of a project always.
Topic: A good reason to always DYOR before investing - page 3. (Read 775 times)
There use to be a time in this space that you need to invest in just any project and you will have atleast 2x but the issue now is that there are many scams in the space now and also most of these projects are not bringing any ting new to the space but just to compete and paste other successful projects, a good example is Dadi
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.
totally agree with you. i felt for this exactly 1 time. invested in a f...ing exit scam because of a tweet by a well known guy on crypto twitter... i was to greedy and i have learned my lesson. long time ago, but i was more angry about me than this shiller... because i already knew that most of this guys shilling every thing which they get paid for.
so i got angry about me, i have learned my lesson and i have never ever invested again in a project where i have not done my own research.
Frankly; doing your research is not a good reason
For me it is a must; you must do your research before any form of investment and you must be cautious of projects you invest into as well
For me it is a must; you must do your research before any form of investment and you must be cautious of projects you invest into as well
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.
Well, its a good thing to DYOR before investing in any project but there are some planned scam in crypto space that looks very real. Apart the fact that it's good to DYOR it is also important to understand that ICO investment is all about risk. Some projects can pose to be the best and on the long run they turn out to be pure scam.
In terms of investment, of course no one is responsible if you experience a loss in any case. that's why you as an investor must do research before investing. Because with that you can determine your investment in a good place or project to make a profit. So, it's better to do research than you only see people who suggest it.
The responsible would be you because it's you who decided where to invest your money and it's you that held the money. Doing research before investing is a must and it's not just for cryptocurrency but it should for every investment that you are about to get in.I'm also an investor but before I don't do that much research because I'm going with the flow but I've learned that I should change that attitude and shouldn't depend to the crowd.
This is like the very first step for success and proper decisions in this industry. It gives one a proper guide on every intended decision and serves as a basis to help beginners with finding their feet in the business. Without doing your research, there is a huge tendency that you will most like fall into the wrong situations thereby, paying heavily for such mistakes.
DYOR is of course a very important concept. However, it is very difficult to implement. Because information pollution on the internet is too much. For example, on Twitter, there is such information about projects you have never heard of ... Even I am thinking sometimes should I buy or not...
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.
Well, at first usually we want to save our time and avoid doing own research and due diligence.
But what is the point if we can save time, but not our money ?
In cryptocurrency, investing without research is same as donating your money.
Even bounty hunters tend not to pay attention to the word "Research" and when a project they promote ends up scamming them, they would be the first ones to scream bloody murder, it's a trend that has to be stopped, to be honest, no venture is ever successful if you do not begin it with a thorough research.
To be frank, any investor or person in this space that is still listening to these so called analysts is already causing more harm than good to himself. They have failed to live up to expectations thus leading most into holding coins with no value.
The best way to invest is by taking time to study any coin and why it should worth your funds, it is through this way you understand the truth about it, thereby making the right decision.
Investing comes with huge responsibility and as such should be taken with great interest and care, not listening to those who are paid to hype the project.
The best way to invest is by taking time to study any coin and why it should worth your funds, it is through this way you understand the truth about it, thereby making the right decision.
Investing comes with huge responsibility and as such should be taken with great interest and care, not listening to those who are paid to hype the project.
The truth is, many of these analyst may not have even invested in those projects but will be quick to convince investors to invest. They will hype the project as they only care of their own pocket.
The worst part is, most investors keeps listening to them because of their status and of course many ends up holding useless coins.
Do your research and be fine that's the only way out.
The worst part is, most investors keeps listening to them because of their status and of course many ends up holding useless coins.
Do your research and be fine that's the only way out.
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.
In fact, it's not about everyone's pre-investment research. It's all about not reading. Now that people are bored of reading useful articles, books, and only reading short tweets, these investments are becoming problem.
Thats why people are now selling altcoins and buying Bitcoin. Because Bitcoin doesn´t need any research, if cryptocurrencies succeed then Bitcoin will be successful for sure!
Seriously that's the problem and they keep getting hurt. Investors are to understand that before going into any project they should be aware of what exactly they are getting involved with, and the conviction should come entirely from them, because no one will be there to console them should it not work according to plan.
Whether a project is hyped, reviewed by a top expert or endorsed by a top expert, we should endeavour to do our research also, because they were paid to do so and might not even invest. So they don't care.
Whether a project is hyped, reviewed by a top expert or endorsed by a top expert, we should endeavour to do our research also, because they were paid to do so and might not even invest. So they don't care.
There are 999 reasons to always do one's research before investing, so that it does not turn to story for another day.
We have got to a stage in the crypto space, where investors need not to be carried away by mere gimmicks and supports rendered by certain revered persons in the crypto space.
Your personal research will give you more courage, not only now, but also in future investments that you might want to make.
You're right, if we do a proper research before investing probably we are saving our hard earned money from being scammed or simply gone with the wind... We invest to earn not to feed those scammers that what only know is to cheat others... And steal others money... So before investing make a practice of making DYOR... We have got to a stage in the crypto space, where investors need not to be carried away by mere gimmicks and supports rendered by certain revered persons in the crypto space.
Your personal research will give you more courage, not only now, but also in future investments that you might want to make.
Yes it is always important, especially in crypto, to thoroughly any project before jumping in. However I think that also good projects are often dismissed easily when they first hit the exchanges and prices start falling. Often this is just really low volumes, and can't be taken as being representative of the quality of the product.
Internet is filled with shillers, and sometimes your own friends will shill you too. Don't believe anyone, dyor.
Research before investing in any project is really a required step for multiple reasons. I know there are many newbies wanting to try their luck in the world of cryptocurrency. So they must learn knowledge of crypto before entering the market and they should must research beforehand. They can also consult with crypto experts.
Right. in my opinion, this is a good concept in investing. indeed we must be absolutely sure and analyze that the project has innovative ideas and great profits. thus, we can minimize losses.
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