There is always a saying, buy the rumours and sell the news (I think I get it right), this has been happening for a long time now, so if someone is doing such, the person is quite taking a risk which most of the times pays off. Also, if one decides to follow famous people or Influencers, the person is also taking a risk and most times it pays off, but the problem with this particular one is, you might find it hard having a clear exit point as you might continue following the Influencer with the hope the price will continue going up, without knowing the Influencer is already out of the project.
Lastly, making your research is also the best, at least you know what you getting involved with, and if you make such research towards a particular trend you will stand at a good position to profit earlier, also most times your personal research will provide you with an entry and target point, could be long term or short term.
Topic: DYOR or just follow famous people? - page 2. (Read 292 times)
Sometimes you do so many research for your investment,but you make a loss at finally.In the meanwhile,your friends just follow famous people or obey some rumors,and they make huge profits.
Have you ever had such an experience?
If you have,how about your friend ?they make a fortune or not?
Never follow anyone blindly, famous people especially those outside the crypto space are just paid for what they endorse, they themselves haven't brought a penny of the coin or NFT they are endorsing, on the other hand, those within the crypto community are generally biased, they are biased towards the projects they like, for example, if a person is biased that ETH is better than Cardano, he will only recommend projects relating to ETH and built on ETH blockchain rather than overall good projects, similarly if someone thinks that Solana is better than ETH, he will recommend you only SOL projects. Have you ever had such an experience?
If you have,how about your friend ?they make a fortune or not?
Sometimes you do so many research for your investment,but you make a loss at finally.In the meanwhile,your friends just follow famous people or obey some rumors,and they make huge profits.
Have you ever had such an experience?
If you have,how about your friend ?they make a fortune or not?
I understand that everyone would say it is better to not look at famous people and do your own research. However one thing we are forgetting here is that just because you look at what the influencers are saying doesn't mean that we can't DYOR neither. Go check what they are saying because that is usually the places that have enough money to do marketing and 100% guaranteed paid those influencers to say their name. And that is literally the reason why we see so many useless tokens go up.Have you ever had such an experience?
If you have,how about your friend ?they make a fortune or not?
However just because those influencers talked about a coin doesn't mean you have to buy it, just research it and you will see how great or terrible it is. That's my trick, I check what influencers say and then pick something among them, I still do my research on all of them.
If you use to read some positive news in the internet or what type of news it's, of course you can avoid losing money from some situation in the space that always suddenly occur without knowing or any sign , wherein even you have skills and enough knowledge it's still not safe if you're not making research every time before doing your work, especially in trading because of the volatility and false signal there's always a chance to make mistakes, so make research very often to avoid problems and etc. because nowadays news is the only one that can really made an impact in the market, so we need to be smart as well.
I have that experience but I also make huge profits from my analysis. I think that is because of their luck to invest in the right coins. Some friends got that experience and made huge profits but not always getting the same experience since those people can not always give the right information. You can follow famous people but do not just follow because they are famous but you need to research by yourself to get more info.
Sometimes you do so many research for your investment,but you make a loss at finally.In the meanwhile,your friends just follow famous people or obey some rumors,and they make huge profits.
Have you ever had such an experience?
If you have,how about your friend ?they make a fortune or not?
Have you ever had such an experience?
If you have,how about your friend ?they make a fortune or not?
You can't just follow whomever that gave you signal or information about your investment, have you think how much time they invested in making research about what you wanna take from them?
Sometimes it's good to follow some famous people but not everything they do you should follow as their target is never the same as yours so while following them apply some techniques that will help to guide you through despite the challenges you would still be at your fit.
No, I've never had an experience like this. I have never lost doing my own research. It's only a matter of time, until my investment grows. I always see my friends lose because of following rumors, they are stuck in FOMO and lose funds because they don't DYOR. following rumors will only fail you in the end, so I would never do this.
Everyone has a different experience, and that's very reasonable because of all these differences will also be a very valuable lesson for all, so it all depends on how you assess and take lessons from each experience that has happened. 
Sometimes, famous people can allow to lose money after bad investment, or sell with losses. luca prieto - can you afford to lose money like them? I think that all your friends "make huge profits" not because they do copy famous people trades and investment, but because they hold.
I cant imagine how they "make huge profits" by following famous people deals, because as soon as such deal is announced or becomes public, its wont give a lot of profit. It is like being always one step behind the leader. When the leader finishes the race, and you came just after, you cant claim that you have won also.
I cant imagine how they "make huge profits" by following famous people deals, because as soon as such deal is announced or becomes public, its wont give a lot of profit. It is like being always one step behind the leader. When the leader finishes the race, and you came just after, you cant claim that you have won also.
I do follow famous people in cryptocurrency space but I don't take their words seriously I always make decisions after my research and analysis whenever I plan to invest in any project and this is what we must do, we must not believe in famous people's rumors because most of them are making money by spreading false information between crypto community,
Not all of them are like that, although in general well-known people also often spread false information in order to benefit themselves and also do so to facilitate their own targets, so you also need to analyze whatever they say after you do your own research on everything.
I do follow famous people in cryptocurrency space but I don't take their words seriously I always make decisions after my research and analysis whenever I plan to invest in any project and this is what we must do, we must not believe in famous people's rumors because most of them are making money by spreading false information between crypto community,
If you have the ability to analyze a project then do it to avoid useless coins, don't just be interested in the HYIP of a project, it's too risky to enter a project that is still a HYIP but is already at a high price.
Do you mean that is Hype? because HYIP is a different meaning from Hype, so don't be wrong in providing information because the understanding will be very different from what you mean, because the HYIP project is a project that relies on referrals to everyone. 
Despite following famous people most user still fall victim, e.g, just take a look at small trader and big trader using some analysis to trade and follow or copy trade mainwhile you have insufficient or low equity don't know during trade you could run out quickly??
Other example is, you wanna buy and hold would you be patient enough even at the dippest time?
Other example is, you wanna buy and hold would you be patient enough even at the dippest time?
Sometimes you do so many research for your investment,but you make a loss at finally.In the meanwhile,your friends just follow famous people or obey some rumors,and they make huge profits.
Have you ever had such an experience?
If you have,how about your friend ?they make a fortune or not?
There are situation wherein following a famous people (like Elon's tweet about doge) can really give you a huge profit if you happen to join the ride while it is still on trend. But we should not rely alone to these influencers because we dont know their intention and it can be a trap. Have you ever had such an experience?
If you have,how about your friend ?they make a fortune or not?
Thus its better to have our own knowledge about the certain coins so we are aware if there are basis to believe these famous people on what they has to say.
ever happened in my life and it's happening so many times. i don't know why but when my friends were buying random coins that already told by his influencer and then it was going to the moon.
My friends were making a fortune and he was getting bunch of money in a short time.
This is happening when the shitcoin has become the major trend in the cryptocurrency. he was getting a lot of money from buying safemoon and he has dumped it back to the market after it reached the peak price.
In my opinion if that was totally depend on our luck. Basically when someone was buying random coin and the random pump may happen but it it must be a random pump as well.
My friends were so lucky to invest in a random goins and got very big ROI
My friends were making a fortune and he was getting bunch of money in a short time.
This is happening when the shitcoin has become the major trend in the cryptocurrency. he was getting a lot of money from buying safemoon and he has dumped it back to the market after it reached the peak price.
In my opinion if that was totally depend on our luck. Basically when someone was buying random coin and the random pump may happen but it it must be a random pump as well.
My friends were so lucky to invest in a random goins and got very big ROI
Sometimes you do so many research for your investment,but you make a loss at finally.In the meanwhile,your friends just follow famous people or obey some rumors,and they make huge profits.
Have you ever had such an experience?
If you have,how about your friend ?they make a fortune or not?
You can do both and even have more strategy on what you want to do with your money before you invest. I believe you're into information explosion and that you have many things to consider on "over this" or "over that's facts and opinions, it's a burden. Be simple on the "DYOR" process or best have a financial advisor regarding investing. Have you ever had such an experience?
If you have,how about your friend ?they make a fortune or not?
Sometimes you do so many research for your investment,but you make a loss at finally.In the meanwhile,your friends just follow famous people or obey some rumors,and they make huge profits.
Have you ever had such an experience?
If you have,how about your friend ?they make a fortune or not?
Have you ever had such an experience?
If you have,how about your friend ?they make a fortune or not?
Do a bit of both.
Value coins can't thrive without celebrity endorsement. And celebrity endorsed coins cannot survive if it does not have the necessary fundamentals to prop up its value.
People who are blindly following the so called "experts" will get ripped eventually. They may be getting insane profit right now but once the hype dies down, they will not be the ones laughing.
Sometimes you do so many research for your investment,but you make a loss at finally.In the meanwhile,your friends just follow famous people or obey some rumors,and they make huge profits.
Have you ever had such an experience?
If you have,how about your friend ?they make a fortune or not?
I can just remember how many people are following Elon Musk investing DOGE coin and honestly, many of them got rewarded but that is a sort of market influence that this person had made, and sad to say that not all have that kind of influence level. Thus, if you can find another person like EM, it is really a good decision to follow him. But, we should be thinking about the trap, we are still careful then as not all have good results. It was still safer if we make our own research than relying on someone. Have you ever had such an experience?
If you have,how about your friend ?they make a fortune or not?
Sometimes you do so many research for your investment,but you make a loss at finally.In the meanwhile,your friends just follow famous people or obey some rumors,and they make huge profits.
Have you ever had such an experience?
If you have,how about your friend ?they make a fortune or not?
They make money because they do their own research so for me, its better to also have your own that works on your own timeline, its not good to fully rely on someone that’s not trading for me. If you really want to make money here, know the basic things learn how it works and be proud of yourself because you can earn now on your own. Famous people are also hyping a project, that’s risky. Have you ever had such an experience?
If you have,how about your friend ?they make a fortune or not?
Sometimes you do so many research for your investment,but you make a loss at finally.In the meanwhile,your friends just follow famous people or obey some rumors,and they make huge profits.
Have you ever had such an experience?
If you have,how about your friend ?they make a fortune or not?
I've had that kind of experience in the past, so at this point I no longer spend a lot of time doing unnecessary research because time is so precious to spend on every good thing on good coins and good rumors going through people- famous people in cryptocurrency.Have you ever had such an experience?
If you have,how about your friend ?they make a fortune or not?
For me, i am considering both of them so i will be guided which coins are more likely to gain profits. This time crypto is very dependent on social media news and updates but i know in the long run, it will always move depending on how potential it is.
Those who have followed the dogecoin craze and other meme craze, the earlier folks were the ones to make huge profit. But those who got in and the hype is about to be done.
They're all done and lost a lot of money and that's why it's never been advisable to follow anyone and do everything they say with your money. It's not just right.
They're all done and lost a lot of money and that's why it's never been advisable to follow anyone and do everything they say with your money. It's not just right.
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