Do your own research

[Slimzeee]

One language I’ve observed very often when it comes to cryptocurrency is “Do your own research”
As a matter of fact, some person might want to advise you on trading coins then at the end of the day it comes down to “I’m not a financial advisor so do you own research”
I understand the person might not want to be responsible if his advise goes south but now when you talk about doing a personal research, reading your article was a personal research for me

I know that YouTube has a lot of content but we can all admit at times the YouTubers don’t hit the nail on the head, some are paid contents, And we still get “This is not a financial advise, Do your own research”
Hello Mr. Youtuber, This was supposed to be my research for crying out loud

So Now my question is: Are there specific trusted  sites that can narrow down ones knowledge on investing in cryptocurrency and can boldly say “This is a financial advise” because there are so many contents out there and some of them are contradictory..

[Dean2]

So Now my question is: Are there specific trusted  sites that can narrow down ones knowledge on investing in cryptocurrency and can boldly say “This is a financial advise” because there are so many contents out there and some of them are contradictory..

Doing your own research doesn't mean you need to find "trusted" website to take the info directly from them, it's actually the process of searching and exploring multiple point of views to make up your own idea and i think this form is a great place to start from.

[NeuroticFish]

There used to be some saying like "if you copy one's paper, it's plagiarism; if you inspire yours from a big number of papers, it's a completely new research paper".
There is the fear that the advice is not good or not well used. There's also the chance some may give you advises that helps them, not you...

I would say you better read as many advises as you can, then take the decision for yourself. Keep in mind that since you are new, there are chances that you'll make mistakes, so consider reading a great deal and not investing too much too early.

Are there specific trusted  sites that can narrow down ones knowledge on investing in cryptocurrency and can boldly say “This is a financial advise” because there are so many contents out there and some of them are contradictory..

I'm sorry, I don't know of any, but:
* especially in crypto (which is still considered new/not mature enough, and also not regulated properly), I'd expect those who give you financial advises and name it financial advises, may actually be scammer.
* the actual (real, trusted) financial advisors may not know (or care) about crypto; and you can't blame them: they've done their studies in/about fiat (and may not be open minded enough), so they may still see crypto from "high risk" to "scam". But even if you'd find open minded financial advisors that can tell about crypto, they may not go cheap (and certainly not on free websites)


So I think that you'll have to spend valuable time searching and asking.

My advises (non financial, dyor, you know the drill) are:

* start with small amounts you can afford to lose or keep locked in crypto for many years
* DCA - buy multiple times smaller amounts instead of one big amount - just beware the exchange withdrawal fees (probably withdraw only after certain threshold is met)
* focus only on bitcoin until you start understanding which altcoin/token/nft/defi projects are scam and what have the slightest potential to actually grow; and make sure it's the actual bitcoin, not altcoins borrowing bitcoin name or pegged to bitcoin.
* you may want to do some reading about KYC/non-KYC exchanges before you send money to any of them; then you'll have to choose an exchange platform you'll use (make sure it's a reputable one, if in doubt ASK); see about the fees, as said; if KYC is needed you may want to fill that to make sure you don't get later into surprises
* learn about wallets / wallet safety / keeping backup seed safe / hardware wallets, clipboard hijackers so you don't lose your coins to hackers
* keep in mind that every crypto coin has its own blockchain (own universe) so you'll have to use bitcoin blockchain for bitcoin

[CryptoHeadlineNews]

To be frankly speaking, I bet you you will never find such website that will boldly say "This is my financial advise", do X or Y and get Z. Because one basic thing you need to understand is that everything in this life is a risk. Life itself is also a risk, because you don't know what may happen the next few seconds.

So one advise I will give you if you intend to be a trader is..
1. Get the basis of crypto trading
2. Understand how the market works
3. Understand how the particulars pairs of coins you intend to trade behave (e.g BTC/USDT or ETH/USDT
4. Now, enter the trade with a sole responsibility to bear whatever may comes out (either, profit or lose)

So, it's advisable to always do more research..  Because if they have been advising you to "Do Your Own Research". I'm telling you to please "Do More Research" before entering a trade, so you could have more knowledge and be independent on your own.
Thanks 👍👍

[Upgrade00]

The idea of doing your own research is to do your inquiry and not just take an advice cause a user said so.

For example, if a YouTuber makes a video about a new trading strategy, and says you should not take their word as financial advice; It means you should research more on that strategy, and possibly try it out in demo mode to confirm that it works, that way you will see the result of the said strategy and if you choose to adopt it, it would be because you've seen it work and not cause someone said so.

I understand the person might not want to be responsible if his advise goes south but now when you talk about doing a personal research, reading your article was a personal research for me

Do more personal research and verify the content rather than trusting the person's word.

[Dunamisx]

One language I’ve observed very often when it comes to cryptocurrency is “Do your own research”

This is very right as it is expected take personal research before looping into anything else especially when it comes to crypto as a whole, but should we call it laziness or unchallant attitude that makes people rely on what others say without taking their own personal research.

As a matter of fact, some person might want to advise you on trading coins then at the end of the day it comes down to “I’m not a financial advisor so do you own research”

You understand how inquisitive some people are to the extent of getting one frustrated, all they will prefer is you doing it for them after you would have explained on several occasions, well i understand individuals learning abilities to differs from each other but nevertheless taking some research could have help a long way.

So Now my question is: Are there specific trusted  sites that can narrow down ones knowledge on investing in cryptocurrency and can boldly say “This is a financial advise” because there are so many contents out there and some of them are contradictory..

There are but few, i can't recommend any personally, but the extent of your research both online and in person could help along, and never trust any article online as they appear to be detestable and finally, know that everything you do involves risk, but always ensure your chances of winning to be greater than loosing.

[Hyphen(-)]

So Now my question is: Are there specific trusted  sites that can narrow down ones knowledge on investing in cryptocurrency and can boldly say “This is a financial advise” because there are so many contents out there and some of them are contradictory..

Basically, not all of the recommended websites work for everyone; some individuals may follow the instructions and succeed, while others may try and fail. The most important piece of advice here is to conduct your own research and have a basic understanding of cryptocurrency in general.
Basically, this forum is a great place to get answers to all of your concerns because the members of this forum are here to share their bitcoin and general life knowledge and experience.

[RapTarX]

You are wrong! They are right.
I don’t think anyone will advice you to do your own research on a video/article like "Is it good to buy cryptocurrency". They will only say that when they will write article or create video on a specific project; can be " Should I buy Cardano?". That makes enough sense why did they say. I may say Cardano is bla, bla, bla. But they can be true or maybe not but you can DO YOUR OWN RESEARCH. I guess it makes enough sense. You are taking it in a different way.

[Asiska02]

No matter how hard you try, you can never get what you want 100%. You have to learn more by yourself as nobody will want to give you anything for free and have to work hard to earn it. As you can’t get anything you want outside, you’re in the right place to learn and get more knowledge about bitcoin and cryptocurrency at large. Always ask question and get an answer from many experts who are into it for a while now.

[sheenshane]

So Now my question is: Are there specific trusted  sites that can narrow down ones knowledge on investing in cryptocurrency and can boldly say “This is a financial advise” because there are so many contents out there and some of them are contradictory..

As you've said, always do our own research instead of asking for financial advice from someone or random people on the internet.
But you're right again, there are too many contents on Youtube or even in blogs/articles that you will learn and make as your preference as a financial advisor.  Just look at this, ( how-to-choose-a-financial-advisor ), read the content, and learn on it, not just the ads.

Do your own research (DYOR) is always the best practice ever.

[hatshepsut93]

The DYOR phrase is frankly just stupid. An average joe who has no expertise in the field can't do any meaningful research. At best you can interpret it as "read multiple sources", but the problem is, all of those sources can be garbage or being owned by the same entity. Crypto sphere is full of paid shills, so when you google "should I invest in coin X", you will likely find dozens of paid articles and social media posts. Bounty campaigns are actually doing exactly that in the open.

If you will try to make an objective analysis, you will realize that nearly all coins are just worthless, they don't offer anything useful and their claims are unrealistic. Yet despite of that, they can pump like crazy, because someone is manipulating them. And there's no way to tell which coin will get pumped and when.

[coupable]

To be frankly speaking, I bet you you will never find such website that will boldly say "This is my financial advise", do X or Y and get Z. Because one basic thing you need to understand is that everything in this life is a risk. Life itself is also a risk, because you don't know what may happen the next few seconds.

In the same context, you may find people have their own private channels which ask new comers to pay for getting their investment advice. I saw many of them in telegram/discord and closed rooms. This is another method to deceive others in a fancy way so users think it's a trusted advice as he paid for.
Unfortunately, many people follow those profiles without doing any simple research either for the advice itself or to search about the credibility of the one who gave him the advice. Stay away, if someone found a way to become rich, don't expect him to share it with anybody else .

[ultrloa]

One language I’ve observed very often when it comes to cryptocurrency is “Do your own research”
As a matter of fact, some person might want to advise you on trading coins then at the end of the day it comes down to “I’m not a financial advisor so do you own research”
I understand the person might not want to be responsible if his advise goes south but now when you talk about doing a personal research, reading your article was a personal research for me

I know that YouTube has a lot of content but we can all admit at times the YouTubers don’t hit the nail on the head, some are paid contents, And we still get “This is not a financial advise, Do your own research”
Hello Mr. Youtuber, This was supposed to be my research for crying out loud

So Now my question is: Are there specific trusted  sites that can narrow down ones knowledge on investing in cryptocurrency and can boldly say “This is a financial advise” because there are so many contents out there and some of them are contradictory..

Sometimes we need to seek up wide variety of information we get online since there are so many data's given and some of those are totally nonsense or misleading that's why many lose even if they follow what those information provided to them. This is why we need to do research and learn from our own experiences since this is the most important thing if we want to learn something that can be beneficial to us in the long run.

[jackg]

For financial advice to actually be provided without a disclaimer the person has to be licensed and also has to provide direct advice specific to the client's needs. Any advice legally acceptable to be given without a disclaimer will be extremely broad - and generalised advice is normally bad.

You have to be able to do your own research, learning and determining when it's safe/acceptable to take managed risks.

[Darker45]

They're saying, “This is not a financial advise, Do your own research” because they are never 100% certain of their recommendations. And also they don't want it to appear as if your decision is solely based on what they're saying. In other words, a blind decision. And definitely many of them are not financial advisors really.

In terms of investing in cryptocurrency, what does everybody say? If everybody is saying buy Bitcoin and everybody is also saying, “This is not a financial advise, Do your own research” then perhaps buying Bitcoin is the right thing to do. But in terms of short term trading advice where everybody is saying a different a thing from each other and they're all saying that people should do their own research, that's the time you should be wary. Because speculation is a guessing game. There is nobody who could claim certainty of their analyses.

[Rikimaruu]

You don't have to do the exact thing that a motivator is telling you to but do learn from it, we are been told to do our own research because we think differently and we handle things differently, we are all humans and I believe we can get better than those who are experts in this field today.

[Zilon]

Doing  your own research  is completely different from seeking for financial advice.  To establish a good research  you can correlate information gotten from youTubers or any financial site to other  source of financial advisers. 

A good investor don't  depend on one source of information.  To make a concrete proof a project  is worthy  of your token you have to seek different content from different sources.  In the speculation  of two or more advisers there must always be an iota of truth

Paid contents  could still have some valid information so trying  to merge two content can establish  a valid investment  hypothesis.  Since you can't  develop  a research  from thinking  you either read up on a project or watch investors make speculations. 

[Smartvirus]

*Do your own research”

I understand the person might not want to be responsible if his advise goes south but now when you talk about doing a personal research, reading your article was a personal research for me

Hello Mr. Youtuber, This was supposed to be my research for crying out loud

This is a funny one, lol...  on a serious note, I couldn't stop laughing after going through OP, its sensitive but in a funny way. Just that you take note, it's a phrase and an important directive at that. No one would want to take credit for not applying there strategy correctly and as such, they are sure to come up with a disclaimer. When it comes to trading, strategies aren't always suited for everyone trader the same way and some could be commodity or trading pair dependent. Like, there are several constraints that could make a working strategy go south.

DYOR at times could mean, testing the workability of a technique by applying it on a demo trade or what have you, to come up with what works for you or device a means to applying the strategy differently and get the type of result that you want. Approaches to trading the markets do change and these written books or contents online are history.

[Markinzo]

Hahaha..... Do your own research! No site or any financial  adviser would wanna assume responsibility for your loss should anything go bizarre and that's why they would always end up with such caution advise.

The thing is, try to accumulate much knowledge from different sources and don't depend on just one or two as you would be well guided eventually.

[Findingnemo]

No one is perfect everyone just gather information and collectively post it as an article which gives some money for themselves so they are doing this as their job but as an investor you are looking to make profits has to do your research that means observe and analyse the make decisions that will benefit you either in long or short term.

[PhoenixZephyrus]

Thats pretty much my experience with advice on the internet too - specially financial advice, always comes with a disclaimer. But it just tells you that you need multiple points of research and just a single outlet of information should never be just trusted blindly. Suppose one source says something and every other source contradicts it, which advice would you actually take?

Its just a way of letting you know that you should consider other sources of information and make your own choice and they aren't responsible for any financial decisions that you make that may or may not cause you financial trouble. Because no one wants to then be responsible for possibly someone going bankrupt due to bad decisions made on their advice.

[Rockstarguy]

You maybe going through articles and videos as a research it doesn't mean all the content you went through on the articles and and videos are accurate,  you make more research on what you have come across before to make sure if the information accurate.  Research doesn't end with articles or videos, research is always continual process to get more prove of what you are looking for.

[Franctoshi]

One language I’ve observed very often when it comes to cryptocurrency is “Do your own research”
As a matter of fact, some person might want to advise you on trading coins then at the end of the day it comes down to “I’m not a financial advisor so do you own research”
I understand the person might not want to be responsible if his advise goes south but now when you talk about doing a personal research, reading your article was a personal research for m

So Now my question is: Are there specific trusted  sites that can narrow down ones knowledge on investing in cryptocurrency and can boldly say “This is a financial advise” because there are so many contents out there and some of them are contradictory..

It always good to do your own research (DYOR). When it comes to anything investment , risk is a personal thing and no one wants to be hold accountable for having advise anyone to embark on any investment that involves risking of money. This is why you do your own research and take full responsibility for any outcome whether good or bad.
Have it mind that there is no business investment that is 100% safe guaranteed take with the grain of salt, That's why you should stick to that and always do your own research. 

[Bamjos]

I've worked up to some people to enlighten me on crytpocurrency and they were never share what they know with me, I don't know if it's right to say they were been selfish, but what I've noticed is that a lot of people do not want to share their knowledge with others in that they feel you should go and do personal research just like they did or you should pay for the knowledge they want to share, above all, I've come to understand that what we find out by ourselves seems to gather more value in our sight, I've got to read about cryptocurrency, trading etc myself and I must say that those time spent studying were rewarding and I felt fulfilled, it was same experience with other subject matter.

[BobK71]

In my opinion, if you adopt someone's strategy, you will not have any personal skills. I think you need financial advice but don't ignore your own opinion. You can take this advice from various advisors but before that you have to analyze what you need, understand with yourself. Always try to figure out how you can be successful with your own research.

[Dunamisx]

I've come across some certain people in life who appears to fake things in disguise, what you don't know you don't, and that which you do must seek for more, learning never ends, some get expose to just a tip of an ice while thinking they knew it all and failed the test of time along the process, it is very crucial to understand that learning is a continuous process, even on bitcoin we have in place some improvement programs "bitcoin improvement proposal" (BIP).

[Oceat]

In my opinion, if you adopt someone's strategy, you will not have any personal skills. I think you need financial advice but don't ignore your own opinion. You can take this advice from various advisors but before that you have to analyze what you need, understand with yourself. Always try to figure out how you can be successful with your own research.

OP just want a full guidance that's written well so that he can read and understand but it I think he's having a doubt of himself if what he would seek won't be enough for him. Of course, that won't be enough since se all have different perspective on something maybe I understand some certain topics but for you, you are having a hard time to understand it and the same goes for me if I'm in your shoe. That's why I agree what was the above said that learning is a never ending cycle you must continue to do your own research even if you see the information you need since I'm sure there's something still missing on it.

[Slimzeee]

To be frankly speaking, I bet you you will never find such website that will boldly say "This is my financial advise", do X or Y and get Z. Because one basic thing you need to understand is that everything in this life is a risk. Life itself is also a risk, because you don't know what may happen the next few seconds.

In the same context, you may find people have their own private channels which ask new comers to pay for getting their investment advice. I saw many of them in telegram/discord and closed rooms. This is another method to deceive others in a fancy way so users think it's a trusted advice as he paid for.
Unfortunately, many people follow those profiles without doing any simple research either for the advice itself or to search about the credibility of the one who gave him the advice. Stay away, if someone found a way to become rich, don't expect him to share it with anybody else .

I’m aware of these fairy tale financial advisors that end up swindling peoples money.. Thank you for putting this point out.

[GeorgeJohn]

Emphasising on YouTube, i will inform that YouTube channel and other online article will at least give you the pre understanding of whatever you are searching for, and when you start practicing it physically it will more easier for you to coup up than to someone who doesn't have pre - concept of it, so you should understand that information gathered online will not make you perfect because it's more of theory, so what makes people to be more perfect to anything is the practical aspect of it.. with what you gathered online and the information of the community can make you to exploit or understand more better.

[KingsDen]

The statement that a particular content be it a YouTube video or an article is not a financial advisor is a disclaimer.
It means that the content producers are not liable for any lose you will incur and neither will they share with your profit.

Besides, financial advisors charges for their services and those random videos or articles creators do not charge to offer the free services.
Telling you to do your own research is a clear indication that the final judgment solely depends on you and not any third party.

[Mpamaegbu]

One language I’ve observed very often when it comes to cryptocurrency is “Do your own research”
As a matter of fact, some person might want to advise you on trading coins then at the end of the day it comes down to “I’m not a financial advisor so do you own research”

DYOR – Do Your Own Research, is a caveat emptor and it goes to show how the adviser or writer tries to extricate themselves from any form of blame if the advice backfires. It's the same way journalists/writers use "allegedly" to evade libels or slander in their write-ups and speeches. For cryptos, DYOR is an advice inside an advice that reinforces the fact that no individual is certain where price can head to or of the rate of success any project can get. It's not surprising that people like to rely on the research of others to make and take decisions, claiming they're standing on the shoulders of giants to see far. Most times these supposed giants are even mediocres who don't actually know their onions. Invariably, it should be nice for everyone to do their own research by themselves before embarking on any form of investment.

[nurilham]

Doing our own research will indeed be more suitable and easy to understand because we do research independently based on our goals and our skills. following other people's strategies that don't necessarily match ours will only make us confused, therefore we must be able to do our own research so that we know more or less what. to start here, whether it's trading or investing, my advice is to start with small capital first, do research independently with market understanding, learn from mistakes that have been made so that you can do better in the future. all that needs to be done so that we know what to do and what suits us, whether from a strategic perspective or otherwise.

[Gosgosking]

You are not different from the people who are experts they are human like you. They did research to give you the information which you get from them and the information may not be true, research can be done by you too for you to get genuine knowledge than to only take false information from others.

[Munir575]

One language I’ve observed very often when it comes to cryptocurrency is “Do your own research”
As a matter of fact, some person might want to advise you on trading coins then at the end of the day it comes down to “I’m not a financial advisor so do you own research”
I understand the person might not want to be responsible if his advise goes south but now when you talk about doing a personal research, reading your article was a personal research for me

I know that YouTube has a lot of content but we can all admit at times the YouTubers don’t hit the nail on the head, some are paid contents, And we still get “This is not a financial advise, Do your own research”
Hello Mr. Youtuber, This was supposed to be my research for crying out loud

So Now my question is: Are there specific trusted  sites that can narrow down ones knowledge on investing in cryptocurrency and can boldly say “This is a financial advise” because there are so many contents out there and some of them are contradictory..

Doing your own research should lead you near your answer after going through few articles, they feed you with important tips and point that can help you on your way so its left for you to gather all the information you find useful and apply them.

[Slimzeee]

You are not different from the people who are experts they are human like you. They did research to give you the information which you get from them and the information may not be true, research can be done by you too for you to get genuine knowledge than to only take false information from others.

Yes of course they’re not different.. I know One first of all have to gather all possible  knowledge and information one can lay hands on. My concern was  how am i to gather information if the people I’m to gather from do not trust the information they’re ditching out. I mean cannot confidently say this works and this doesn’t. I get the whole point though. Scalp here and there and make facts for oneself.

[Alisha-k]

Most YouTubers are the worst financial analyst you can ever depend on to make any investment decision. Doing your own research is different from  waiting for signal from influencers. It simply means knowing the intention of the developer, what the project has to offer to the economy, it's market capitalization, it's ATH, ATL and the rate at which if keeps rising and falling. You can also add the content of the white paper to your research tool

[nakamura12]

Since you read that many times then do the opposite of that. Try to invest in any cryptocurrency you may find interesting without doing research and see what happen. My guess is that you will get scammed or lose the current value of what you have invested or anything that you do. That's why it is common for people to say that you should do your own research to avoid what you should be avoiding like getting scammed or non-profit trading nor investing.

[Shamm]

For my opinion In investment, all the decision is all yours so you need to do your own research and read all the important thing in investment, and if you are done with that you can start investing but not just big about any try to regular or a good amount for you to invest and observe the site that you are investing cause some sites are fake and lead you to scam and to prevent that observe and study is the best way.

[MidNite36]

Even after understanding how the whole market works it can still go against you, this shows that everything in this world is risky, if you dont take a risk you are at risk of not making it, if you take risk you are at risk of not getting anything in return and also getting something in return, the worst one is not doing anything, do your own research and choose your own risk.

[TheNineClub]

One language I’ve observed very often when it comes to cryptocurrency is “Do your own research”
As a matter of fact, some person might want to advise you on trading coins then at the end of the day it comes down to “I’m not a financial advisor so do you own research”
I understand the person might not want to be responsible if his advise goes south but now when you talk about doing a personal research, reading your article was a personal research for me

I know that YouTube has a lot of content but we can all admit at times the YouTubers don’t hit the nail on the head, some are paid contents, And we still get “This is not a financial advise, Do your own research”
Hello Mr. Youtuber, This was supposed to be my research for crying out loud

So Now my question is: Are there specific trusted  sites that can narrow down ones knowledge on investing in cryptocurrency and can boldly say “This is a financial advise” because there are so many contents out there and some of them are contradictory..

Short answer, No. Because predictions in the economy is near impossible to predict and people just don't whant the responibility. But I get you, watching that video was the damn reserch XD the thing is, the topics are extremly complex and therefore people that fo give out financial advice usually only did some of the reserch and are presenting it from one point, but it wouldn't be possible to do all of the reserch and that's why that advice is never actual advice.

[Freeveto]

It's indeed good thing to your own research , during when I started my crypto journey at first I depending on people to list some coins to buy until I came across a Youtube video that suggests doing your own research is good thing for any investor , which I bought the idea and it has really helped me take wise decision and choosing right coins to buy.

[Masplanc]

It's indeed good thing to your own research , during when I started my crypto journey at first I depending on people to list some coins to buy until I came across a Youtube video that suggests doing your own research is good thing for any investor , which I bought the idea and it has really helped me take wise decision and choosing right coins to buy.

Not knowing a coin to buy as a beginner is like not having direction. Research is necessary for a beginner who want to start crytocurrency trading , learning is the principal thing for a starter I'm crytocurrency.

[BD Crypto]

In crypto nothing can be predicted surely. Because we don't know about the market what's going to happen.Because if market prediction, chart analysis and all the indicators indicate that price will pump but suddenly whales can dump by selling a huge amount of Cryptocurrencies. So that's why everyone says do your own research because no one can be responsible for the lose of your hard earned assets
.
That's why we should learn about market prediction so that we can make our own decisions.

[Assmosis]

The purpose of doing research is to gather genuine information from authentic resources and come to a conclusion. I agree, there are a lot of fake channels on Youtube which sell fake content for views and money, but you should take their recommendations with a pinch of salt. Look for relevant information, compile it, and analyse. I’m sure you will find a way.