Topic: Do Your Own Research - What Does it really mean - page 2. (Read 327 times)

For me After reading all the advice from older it's better to do your own research because it will helps you to decides and final your decision in what your plans is.  DYOR actually works in terms of investing in new projects as well because when you invest a new project not only the review or the feedback from others you need to know but also you need to know all about that specific projects to decide .

I hear all analysis always ends with DYOR. Since crypto is close to the project then in fact it is very similar. Whether it's analysis on the project or technical analysis, fundamental analysis on trading.  This means that there are predictions made by people, but those predictions are uncertain, meaning that those predictions still have a chance to be wrong. Therefore the predictor leaves the final decision to the reader. But sometimes someone's predictions also provide a little knowledge and sometimes we can compare with other people's and add our own analysis.

DYOR: Do Your Own Research

It means you don't trust others, don't trust their research, their writings and what they told you. You verify all of those by doing your own research and make your own conclusions. It also means that you are doing due diligent research, by yourself and by taking into account research of others as well.

It is like doing your home work, the more practice you do your own research, the more chance you will improve your researching skills. It helps you to reduce risk to be scammed by others.

Don't trust influencers, they can scam you too by doing sponsored videos, articles ...

Any field of activity where it is possible to lose your money should use your own research. And accordingly, no one's words can be perceived as a guide to action, since financial losses will be borne not by the one who advises you, but directly by you. As you correctly noted, DYOR in this case acts as a warning, thereby relieving itself of responsibility for the decision you have made.

DYOR is used to make a newbie think twice. I use this term not because I want someone to start drawing lines on charts or reading the white paper. Many people do it for the same reason which is to say hold your horses boy, when we see someone being too enthusiastic.

There's a phrase in this community "when moon? when lambo?" which shows the attitude some people have when they hear about an upcoming event like a fork or a halving. DYOR can also be understood a sleep on it, think about it for a few days, observe the market, read more opinions and then decide.

I tend to agree with this, you can't conclude that it's a potential project a first glance.  It should be always best if you will engage closely with them and watch closely their activity before you will decide for yourself and rate them by your own perception based on your DYOR.

DYOR isn't not just reading the all documents of the project like reading the Whitepaper, Roadmap or etc.  It's all about engaging them, joining the community, find the real utility which is you can determine them as a good and potential ones.

In as much as we encourage people to do their own research, there are millions on the crypto space who have little or no idea on how to go about this research in question. its best not to introduce a concept with less knowledge to the next user instead of exposing them to risk. It will more polite to at least show them the how and where to do this research instead of leaving them stranded in the open space of the crypto sphere

To be sincere, I do not see any valid reason about the OP, except advising people that are going for new projects. I may not know much about crypto, but knowing that it is very risky. If a friend of my want to invest, I do not see anything bad if I tell him to do is own research and not trust anyone, even if I just know little.

It's the same as saying "this is not a financial advice", "don't take my word for it"..
It means I gave you an advice but I will not be held responsible if things go wrong. And it's so popular here simply because the crypto market is the most volatile market where things can go really bad.
After all "everyone have to make their own research".

Never mind me, I have deleted it. Check my replies below.

Is this valid when it comes to bitcoin? Also how about Terra Luna and UST that failed? A well established coins like bitcoin is different from just a project that is new. Your point is valid if a project is new, but I do not see it valid when it comes to coins like bitcoin.

The price is studied not because of how the project would last, but to know when the bear and bull market periods.

Not valid if it is not a new project. I do not have to know much about the high marketcap coins like bitcoin, ether and litecoin before I would know that they are worth going for and only research more about what the price could be at some point in time. But I have much believe in bitcoin than any other coins.

Not all projects are new. Yet some projects have all these qualifications in the past and yet failed.

I would advice newbies to just go for coins like bitcoin, instead of new projects. You posts is more about new projects.

Newbie don't research for a coin before venturing into it, for newbies not to venture into lost for any project they want to invest, is to make a proper investigation before purchasing the particular coins, when we are emphasising on research fir investment, it point directly to a project research, and project research shall enable you peruse into the project and find out the volatility of such projects. While if it's a project of cryptocurrency, its to know the proportion of crypto's.

the title "project" itself was adopted because often the development itself took a long time. before it came to the moment with market, price or even candlestick.

I guess, for experienced marketers candlestick ar (and) horizontal line can be enough for daily trading.

doing your own research is definitely a good habit, but even that does not necessarily guarantee safety and good decisions. Still need to know how to "read" all things, communities, engagements... For example, what is the value and what can the community tell us, where more than 70% of members came through the condition for participation in the airdrop or bounty program?

Project is not the same as price or market. A project can be liken to a coin, token, NFT, or any other digital asset. It is like an umbrella housing different digital asset class. To avoid making too much complexity in differentiating them, project is more collective enough to group all together. If we chose to use crypto to address them all most digital asset are not crypto related so i think its better addressing them as project

Please I don't understand why project is used instead of "market or price". Candlestick is just a preamble of the market survey. If one really want to understand the market candlestick does not follow for the analysis. Although candlestick helps to understand the market at the initial time and also the horizontal line also helps to know whether the market can break through or not.

People say Do you own research to wave any responsibility for their words, and to add some sophistication to their advice. On practice it's a meaningless phrase, because newbies don't know how to do their own research, and if someone were to teach them, it would no longer be a newbies own research. Trading is the only sphere were people are told to do their own research, and it's not a coincidence - this phrase is just a waver of responsibility. No one tells people to do their own research in language studying or farming or mathematics.

DYOR has become a regular slang in the crypto space that its even used often than its needed. I beg to say this that many crypto enthusiast who use this word don't even know how to start a research about a project. Some feel it starts and ends in chart patterns, ATHs and ATLs. Making research about a project goes beyond mere candle stick interpretations and its even deeper than price actions and volatility, Market Capitalisation and total supply can be considered as a measure for predicting a good project but its way deeper than that. Not all white papers are even sincere enough to stick to the plan of  the project.

A project that will be profitable on a long run must have an active community and a good Moderation most especially for a decentralised project. Such project must have good engagements and rules governing the community. The mod will be active to attend to complaints, disputes, questions and the next plans or phase of the project. This way you can tell if there is possible liquidation in the near future.

I am not saying studying price action and candle sticks don't have a part to play in determining how far a project will last. But i feel the best way to know the intent of something is through engagement. A research can't be done outside it's main domain which is it's community. To get the best of any project at all it takes active participation, question and contributions that way you can tell if a project has the tendency to last on a long term goal