Yes, not all hyped projects have done well. Hype doesnot always means that the project has got incredible potential. DYOR can help anyone to understand the project and take a decision whether to Invest or not.
The above statement is what everyone will tell you. This can be taken as a generalized statement. But, what does DYOR means?
Let me tell you what it means to me when I am planning to Invest...?
DO YOUR RESEACH OR DYOR means:
1. Establishing the potential of any projects product.
2. Understanding the Benefits involved. I mean does it benefit the technology and helps in adoption of Cryptos
3. Checking in brief about the team and their experience in this technology. This can be done by checking their Linkedin profile.
4. Checking their Github commits.
5. Questioning and Understanding their Roadmap.
6. Taking a brief look at their WHITEPAPER. Reading their WHITEPAPER and making notes of their headings will help you asses whether it is Fake or Genuine product.
7. At last establishing whether their Softcap is achievable.
I am not a professional Investor. I have learnt this the Hardway and with the help of this awesome forum. I was able to understand what DYOR means.
I may have missed some points, if you feel the same then do correct me.
Topic: Shilling can be negative also (Read 118 times)
Well many people especially those that are new tend to need directions from those they feel are expert. Some expert can be hired by some project to shill there coin that is recommending their coin and giving it hype. This has been a cause of 75% wrong investment people make.
Well to my advice is best to do personal research or even if you want to follow advice check how many recommend it and weigh your options
Good luck
Well to my advice is best to do personal research or even if you want to follow advice check how many recommend it and weigh your options
Good luck
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