A hype project or the one featured in news isn't necessarily a good project. There are different kinds of projects and they have different strategies and motive.
Selecting a project too have many things to consider. Some projects are a bit more risky but could yield you a better profit or there are some zero risk but low profit.
Topic: A good reason to always DYOR before investing - page 4. (Read 775 times)
Doing your own research doesn't mean to study everything from scratch. You can take reference to news and ICO alert sites to gather information about the project. Sort list a number of project and compare them for good and bad. The most prominent proof of a legit project is their involvement in real world activities. I look at different blockchain based event and note down the speakers and their project and than start comparing them.
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.
I agree with you, IEO makes things easy for you the exchange will do the research and if it passed the criteria people will think that it is a legit project, but investors should not stop there, they should still do their own research it's double-checking money is involved here, it's better to check again and again.
Not all of IEOs is legit and only IEO that listed on the major exchange site that can be called as a legit. Remember about there are only some major exchange sites while the rest placed at the medium or low reputation as exchange site.
We need to do more than double check
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.
I agree with you, IEO makes things easy for you the exchange will do the research and if it passed the criteria people will think that it is a legit project, but investors should not stop there, they should still do their own research it's double-checking money is involved here, it's better to check again and again.
The only way to be sure about how good a project can turn out to be is by doing better research and decide by yourself if what the project is trying to accomplish will have a better outcome on digital world entirely
All the information that we gathered online is just a guide for us to come up into a good decision, we must do our part on studying every project for us not to lose money. DYOR are advisable, you must not listen to anyone which is risky for us. I listen to someone who give tips on what coin to buy when I was a newbie but unluckily I lose on that trade because of being not sure about that trade, I know most of us experience this and that can be our learning guide to do better on our research so we will not fall on any shitcoins again.
The only way to be sure about how good a project can turn out to be is by doing better research and decide by yourself if what the project is trying to accomplish will have a better outcome on digital world entirely
that's why i can't even trust anyone and i just believe in myself dude. we can't trust any platform that will offer the promised ROI and the analyst who hyped such platform because they have been paid for promoting. The difficult part is not easy to determine which idea will be very valuable as the time goes.
You're right. There's no reason to always rely for others on our decisions because we have our own intellect that can be our weapon especially in tough times. It's really a very good idea to DYOR first before putting your capital to a certain project because atleast you already have your own reason why you invested in it. If it fails, then you have no one to blame but yourself and that will definitely teach you a lesson to be better in the next.
Some additional reasons why you need to DYOR before investing are.
- Some projects might actually be overhyped.
- There are different purposes of coins/tokens. It might not suit your demand.
- Some projects don't have realizable purpe/dream
- because of scammers who want to rip you off by pretending to be project admins. You need to DYOR about the project first.
- Some projects have already been tagged as scam, you might not find this out if you Didn't DYOR.
- Some projects might actually be overhyped.
- There are different purposes of coins/tokens. It might not suit your demand.
- Some projects don't have realizable purpe/dream
- because of scammers who want to rip you off by pretending to be project admins. You need to DYOR about the project first.
- Some projects have already been tagged as scam, you might not find this out if you Didn't DYOR.
that's why i can't even trust anyone and i just believe in myself dude. we can't trust any platform that will offer the promised ROI and the analyst who hyped such platform because they have been paid for promoting. The difficult part is not easy to determine which idea will be very valuable as the time goes.
You are right but even after doing all the research and being satisfied about every aspect of the project still there will not be any guarantee about the success of the project so i think it is difficult to do than talking and in the end it is not in the hands of the investors to make the project a success.
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.
This only says it all.
They are lazy sons of a ....
They have the money but if they want to keep on making money they will should use it.
So what do they do. They hire someone else. And that someone else dont even know what he is doing too.
It is easy to make profits if you have lots of room for capital but you need to go deep into how it should be done. The right path.
Never let anyone else do it for you. Also, it will avoid blaming someone else which in truth is your error.
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.
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.
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.
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