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Author Topic: DYOR (Do your own research)  (Read 1790 times)
OluwaTosin10 (OP)
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July 14, 2018, 01:57:05 PM
 #1

Lately I have realized most people call crypto currency fraud because they chase green candles , news online before buying tokens.

The proper steps to take is to get the news, verify the source and Do Your Own Research
Then no one would fall into scam icos
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July 14, 2018, 02:41:44 PM
 #2

Lately I have realized most people call crypto currency fraud because they chase green candles , news online before buying tokens.

The proper steps to take is to get the news, verify the source and Do Your Own Research
Then no one would fall into scam icos

Yes, you are right most people buy the tokens without any proper research and then after investing they used to search the future value of their investment. So if you are investing in any crypto project then you should be researching about it in detail before itself like what is the value of the concept used in that particular ICO project, how is their Management team working on, what are their future plans, how they are going to do marketing each and everything is important for us.

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swati123
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July 14, 2018, 03:30:22 PM
 #3

Before investing in any token, we should do research ourself. Gather as much information as possible. Generally some people do not spend time in proper research and they just invest based on somebody else statement. This is a very risky way of investment. We should use our own judgment after considering all related risk and other factors.

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July 14, 2018, 03:36:05 PM
 #4

"Do your own research" is the best possible approach. I want to add that since bitcointalk is one of the best possible sources of information a good trick to know is to use google search inside bitcointalk.
For that you add the site name at the end of the query, like google for best legit ico 2018 site:bitcointalk.org

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BADBITCH
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July 14, 2018, 08:24:11 PM
 #5

Yes you are right but I also believe doing research is not all about just icos and tokens
Even bounty hunters need to make researches before embarking on any project, it is not easy to market and make posts on social media’s or signature campaigns, so not only money can be wasted
Even time is a lot of money

So bounty hunters, make your research and support the right project
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July 14, 2018, 08:26:09 PM
 #6

Doing your own research is a must.  Far too many times, I see people just asking "which coins should i buy?" and then just dive in without any research.  This is not wise and could be a financial disaster.  Do your homework before buying anything, especially cryptocurrencies.
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July 14, 2018, 08:31:02 PM
 #7

It is natural if they were buying an altcoin due to a upcoming news(or it still a rumor), and sell once the news is coming to this world.
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July 14, 2018, 08:33:50 PM
 #8

Lately I have realized most people call crypto currency fraud because they chase green candles , news online before buying tokens.

The proper steps to take is to get the news, verify the source and Do Your Own Research
Then no one would fall into scam icos
The major step I always take is a proper research in the cryptos I intended to invest on of course there are so many of them out there, with due diligence and proper researches via google and other online sources I always have an edge in selecting the right token that has a prospect and the potential to pump for a longer period.
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July 14, 2018, 08:38:52 PM
 #9

Thank your for creating this topic, some people are just lazy to invest just a little time on researching on an ICO before investing time and money, No one is an island of knowledge of course, but before you take whatever anyone brings on the table, do your own research.  Trust me it's worth it. It will safe you time and stress on the long run.
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July 14, 2018, 08:41:37 PM
 #10

Big factor is also the volume in the market, due to low volume most of the coins have lost value same is the case with icos most of them are failed to raise decent funds, it is really a tough time even the best researched and quality projects are not able to raise target funds, i hope this dry and dull phase will soon be over and market will be rich with volume soon.

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July 14, 2018, 08:50:14 PM
 #11

There are several reason why one should do his own research, first it helps you get a good grasp of what you are investing in,whether it suits your investment profile,secondly it helps you chose the projects that are likely to succeed, thirdly, it helps you eliminate the scam projects.
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July 14, 2018, 10:18:45 PM
 #12

Agreed, but that is easier said than done. It's easier to do it in groups, because more people usually bring more wisdom together. It's very hard to do research on your own, there is so little time while crypto moves very quickly and demands a lot of daily energy to be put into it.

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July 14, 2018, 10:45:23 PM
 #13

Lately I have realized most people call crypto currency fraud because they chase green candles , news online before buying tokens.

The proper steps to take is to get the news, verify the source and Do Your Own Research
Then no one would fall into scam icos
Good ,.
very real, ICO is a lot of scam at this time and it affects investors to hesitate if will invest in a project.
but your step is right, searching for the truth and doing research on a project can be a way of not getting a scam ICO.
and if I may add, please read the thread here to know some ways to find a good and failed ICO:
https://bitcointalk.org/index.php?topic=4560719.msg41090029#msg41090029
joel123
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July 15, 2018, 09:36:22 AM
 #14

Many people call crypto fraud, ponzi scheme, get-rich-quick syndrome, and whatever other names they call it because they know little or nothing about the market. It is important that you make researches for yourself and enlighten yourself with the right information and not just go about with the ideas of a random person. Also, make your own researches before you make your investments, this cannot be overly emphasized on.
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July 15, 2018, 09:43:38 AM
 #15

Lately I have realized most people call crypto currency fraud because they chase green candles , news online before buying tokens.

The proper steps to take is to get the news, verify the source and Do Your Own Research
Then no one would fall into scam icos

Sometime, the green market is a trap of big sharks make to entice others to go into the market and they will exit when many people are cheated by growth. So, trading or investing on ICO all need the carefully research, let's not follow anyone, because maybe the introducer can be a big shark

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July 15, 2018, 09:48:40 AM
 #16

Lately I have realized most people call crypto currency fraud because they chase green candles , news online before buying tokens.

The proper steps to take is to get the news, verify the source and Do Your Own Research
Then no one would fall into scam icos
They did not have a clue about that, the majority of those people are called crypto as a scam were following FOMO and they have been getting trapped by the market itself. They have zero knowledge but they are trying to earn a huge money as fast as they can but they didn't even use their brain before try to start their journey at this market

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OluwaTosin10 (OP)
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July 15, 2018, 02:45:36 PM
 #17

Agreed, but that is easier said than done. It's easier to do it in groups, because more people usually bring more wisdom together. It's very hard to do research on your own, there is so little time while crypto moves very quickly and demands a lot of daily energy to be put into it.

I think you are right, it’s not just about putting a team together for crypto research purposes
The problem is; it is difficult to handle man as an individual
And it will be difficult to control such group of profit minded people

Let’s individually make the researches
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July 15, 2018, 11:29:48 PM
 #18

I do agree people make mistakes of not making research
They are example of those that scrutinize and blame cryptoncurrency for been scam and ish it was their greediness and negligence

With proper research, you would not have problem with crypto currency
But people are too lazy
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July 16, 2018, 08:13:50 AM
 #19

There are several reason why one should do his own research, first it helps you get a good grasp of what you are investing in,whether it suits your investment profile,secondly it helps you chose the projects that are likely to succeed, thirdly, it helps you eliminate the scam projects.

And also doing of research ensures that such a person does not end up in loss or pain or agony of bearish market
We need to make a lot of things right by doing research
It helps in Airdrop participation
It helps in bounty participation’s
It helps in day trading
And investments too
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July 16, 2018, 08:16:03 AM
 #20

Lately I have realized most people call crypto currency fraud because they chase green candles , news online before buying tokens.

The proper steps to take is to get the news, verify the source and Do Your Own Research
Then no one would fall into scam icos

Could not agree with you more. A lot of people just want to get rich in an instant without doing anything. People should do their part also.

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