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Author Topic: DYOR (Do your own research)  (Read 1793 times)
harimurry
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July 16, 2018, 08:31:02 AM
 #21

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

Agree. In any kinds of investment, investors will have to do an extensive research. In crypto, the importance of doing our own research even doubles, as crypto is a new investment and technology arena.
On your last point, I also want to add that if we want to help crypto to flourish healthily, a proper DYOR will make people trust us, because the more investors are critical, the less scam ICOs will be. It's just a natural selection, in which bad ICOs will eventually perish, IMHO.
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July 16, 2018, 08:33:12 AM
 #22

You are right, most people in crypto hardly do their due diligence, they also depend on peoples opinion to buy or invest into cryptos and when they lose their money, they will say crypto is scam.
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July 16, 2018, 08:35:05 AM
 #23

Lazy investors that are chasing the profits and solely believe that crypto's are "rich-quick scheme" are the ones that must do this. They never do research when they are investing to an ICO or into coins that are being shilled by somebody to them.
The crypto market is full of coins that are totally worthless and gives no value to their investor, DYOR about the market and they must also open their minds about trading.



 

 

 

 

 

 


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pidie
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July 16, 2018, 08:37:48 AM
 #24

correct. I agree with you. lately there are many ico scam that popping up and harming the members and investors. therefore we need to analyze in detail about an ico.
sourish
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July 16, 2018, 08:48:24 AM
 #25

Sound advice, for each time you hear a news item the market goes into a spin, and whatever the advice, the needs and situations are always personal, so better to do your own research. Laziness is a very dear price to pay, and mostly to blame.
lifesgood10
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July 16, 2018, 07:47:59 PM
 #26

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.

Yes I think getting rich in such a small time frame is why they invest blindly into any project that comes to mind or flashes through their emails

We need to get focused and ensure to research before embarking on anything at all
That’s why the elders tells us that knowledge is power
cryptobae10
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July 16, 2018, 08:13:07 PM
 #27

Depending on people’s opinions is really a problem now a days
Especially when there are so many fraudulent token predictions pages on social media most especially telegram and discord

We need to be careful and avoid been scammed
danherbias07
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July 16, 2018, 08:16:54 PM
 #28

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

And that should not be a question or to be thought twice.
Any new crypro should be researched before investing in it. Deep research if you have to.

Do not go with the hype. Not just because a lot of people are joining then you will get sucked with it. Make your own move and do not rely on just gossips and social media hype.

Happens always and still a project can fall. Why? Whales taking over and selling after listing.

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cryptodrumz
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July 16, 2018, 08:21:25 PM
 #29

Following speculations about altcoins is not really the best option to invest in Crypto. Each Crypto investor should take it as a responsibility to always do research on which coins to buy and hodl in order to ensure it gonna worth investing on.
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July 16, 2018, 08:33:18 PM
 #30

DYOR - the most important thing you have to do before investing. There are a lot of experts or raitings, but most of them are payed.
BADBITCH
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July 18, 2018, 08:03:48 PM
 #31

DYOR - the most important thing you have to do before investing. There are a lot of experts or raitings, but most of them are payed.

Yes you are right
Most experts are paid to cause fud or fomo in the crypto world
And there is need to be careful and not fall

Gather information from experts
Verify the research from your end and get the instinct
FaucetKING
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July 18, 2018, 08:06:17 PM
 #32

Thats for sure, we should always do researches and never FOMO in, we could lose our money easily and we can earn alot with work and legit news and also, making profits needs patience and patience, its not an easy way but its not hard too.
prechi
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July 18, 2018, 08:18:05 PM
 #33

Many people do not have a good knowledge of how cryptocurrency works and therefore call it fraud. While many think it's some kind of ponzi scheme where you put in some amount of money and expect a certain percentage after a period of time. wish they can do a proper research or pay for training, they would get it right.
dmzworld
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July 18, 2018, 08:19:23 PM
 #34

A thorough research should be done by every Crypto investor before investing on any coin weather the coin has made it to the coin market cap or not. There are lots of coins on the CAP. When proper research is done before investing, then one will mostly be buying potential coins.
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July 18, 2018, 08:19:53 PM
 #35

doing your own research can help you alot in many areas as you get to discover many things you don't know
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July 18, 2018, 08:23:08 PM
 #36

Do with my own research and sometime see what the opinions of experts are and compare them with our thinking. if the opinion of the experts makes sense I must follow the experts, but if it does not make sense I use my own search
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July 18, 2018, 08:30:15 PM
 #37

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
Thought you are preferring or talking about trading matter since you do mention about candles and buying up things but in the end you do mention about scam ICO. DYOR or Do your own research would always be suggested in all means either you do invest or involving your things that do relates with profitability and involves money. Anything has risk and if you are just careless enough to neglect even it is already been obvious then you are just totally throwing off your money into the air.

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July 18, 2018, 08:55:49 PM
 #38

Is a classic advice but it is always good to have a reminder for those who make a bad move and then procede to blame the ICO. You have to spend some time learning about the projects, the team,... not everything out there is good.

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July 18, 2018, 08:58:40 PM
 #39

You should know that it's easier said than done. Of course all investors know that they need to check carefully before investing in any project but there are so many investors lost their money because of investing in scam projects. It's really hard to find out scam project nowaday cause scammers are improving their scam skills the same as investors improving their investing skills Smiley.
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July 19, 2018, 09:05:06 AM
 #40

Do your own research!!!
We can't even make enough emphasis on this. It's inportant that you carry out your own research, if not, you would only be relying on other people's ideas and you do not even know if that's true enough. A lot of people have bad ideas or opinions about crypto because of wrong information that they have gotten from other people. So it's of essence that you do your own research so you know how every thing works for yourself.
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