DYOR or just follow famous people?

[Furious 7]

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?

like in doge coin and axie. many people are influenced by other people's content or famous people. and they make a big profit. The point is that influencers or famous people will make projects reach more people or more larget target market. and the bigger the project, the bigger potential for project to success.

Sometimes following famous people always results in profit because what they bring in the content will certainly affect many people and when the market happens then this will be a big influence so for me important and famous people I always follow to look for updates about other projects, sometimes this makes me crazy but in the end it can be used.

And that's how we do it apart from doing research is also important so both need to be carried out in order to maximize how you can earn from the two that you follow.

[Tigerheart3026]

yeah it’s happened with me and my friends. when one of my friend continuously invest money to following a famous crypto influencers guidelines and fortunately he made profit but in my own research investment was failed. it seems he made profit without own knowledge but at the end of situation he lost of all money in one meme coin project.

[Fredomago]

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?

like in doge coin and axie. many people are influenced by other people's content or famous people. and they make a big profit. The point is that influencers or famous people will make projects reach more people or more larget target market. and the bigger the project, the bigger potential for project to success.

There are people who managed to earn from doge but there are also many who losses their investment, while with axie which the game still moving and still developing there are people who continually earning from this game.

These two projects have been move by the trend and influencers, fact still remains that even you didn't do your homework but if you managed to invest during the hot season, your profits are very decent.

 depends on the decision making that you'll going to execute, but there's still a big edge with someone who does his DYOR before sending his money inside.

[babygun]

yeah it’s happened with me and my friends. when one of my friend continuously invest money to following a famous crypto influencers guidelines and fortunately he made profit but in my own research investment was failed. it seems he made profit without own knowledge but at the end of situation he lost of all money in one meme coin project.

Well your friend got lucky as blindly following a famous influencer is a recipe for disaster. A lot of times when these influencers promote a coin, they just want to hype it, see a pump in the price and than sell it with a lot of profit... Always DYOR!

[cvasy]

yeah it’s happened with me and my friends. when one of my friend continuously invest money to following a famous crypto influencers guidelines and fortunately he made profit but in my own research investment was failed. it seems he made profit without own knowledge but at the end of situation he lost of all money in one meme coin project.

Luck will not always be with the same person and also at different times with the same person, which is why many people prefer to do their own research after seeing what famous influencers have to say on their social media.

[mexite]

If you really want to stay in the game, the beat option is to develop yourself and get better in trading or scouting for good coins to invest in. You can use information from reputable influencers as secondary information because some influencers are just paid shillers who can promote any project as long as they are paid.