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.