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1  Alternate cryptocurrencies / Altcoin Discussion / Re: Trying to find a telegram community 2021 on: February 27, 2021, 09:12:54 PM
You're being told not to listen to others, to hype, to groups, etc., and do your own research. DYOR is just a phrase the YouTubers and Twitter-posters say to cover their asses so they don't get blamed for your decisions or put out of business for giving investment advice. Kinda like "ask your doctor" by the drug companies. CYA only. Then everyone just repeats it like it's gospel.

Obviously, there's some truth in the value of trying to find more objective information. However, prices of cryptos are largely influenced by hype. And news. Some say up to 70% of the influence on price is hype and news. So if you decided not to listen to others, you would miss out on so many gains and warnings about losses. The key is to know more about the hype. Who's doing it? Will it be short-term hype? Is it part of a P&D scheme? Is it good and legitimate information? Does it have lasting value? And hype comes and goes for the same token, since tokens have cycles.

And so...being new to crypto, I'm wondering what everyone thinks DYOR entails? Just reading a whitepaper? A few metrics? Think I'm going to do a post and ask people this because I'm perplexed when I constantly hear DYOR. Most people don't have the time, knowledge or expertise to do a deep analysis of each token they're interested in. I sure don't. YT, Twitter, Discord, Telegram...they all involve subjective opinion and hype. So if you rule them out, what's left? And if ignoring hype is really true, why are so many of us going to all these sites? And, for that matter. why would you come here?

I think your desire for a discussion community on Telegram is a valid and worthwhile one and you shouldn't be discouraged by what you've been told here. I wish I had some suggestions for you, but I'm too new to crypto to have any answers.
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