Doing your own Research on Bitcoin

[alegotardo]

What you wrote is very pertinent, and indeed... many guys neglect the care they should takes when search for reliable sources when conducting their own research and end up making decision based on hype (what's trending at the moment) or on influencers who dont actually care about others... some theys are just want to gain views and sponsorships by promoting fraudulent schemes or schemes that probably won't result in profit... quite the opposite, in losses.

There are several examples of people who have fallen for million-dollar scams... they invested money in fraudulent schemes, sometime even taking out large loans with the promise of high profits, or sometimes selling cars and properties to get more money into the scheme... then when they discover the fraud, it's too late.

Regarding DYOR I'd just like to emphasize... before joining any project, thoroughly study the blockchain, whitepapers, research the tokenomics, roadmap and team history... as much as you can. And of course, count of the Bitcointalk community to answer any questions.

Nowadays, even experienced users need to be careful and stay up to date with what's going on... as there are many new scams that are powered by AI (deepfakes, voice cloning, etc.).

[AVE5]

Always start from basic concepts as it will help to build a solid foundation. I will also recommend that you read the white paper of bitcoin.. it contains key purposes for it creation.

I think you make a very valid point here and to be honest, the bitcoin white paper contains the basic informations that explains better the graphics of bitcoin because, the talks about the bitcoins volatile and it risk on holding isn't seem enough contents for newbies who wants to extremely explore in the cryptography system.
Learning from the origin about what Satoshi Nakamoto oversighted on the creation of decentralized blockchain can be convinceable to why an individual should consider it thoughtful and see it necessary. And coming into the world to enhance your exploration in how it's realistically achieved by researching would seem less difficult to be understood and therefore, ignites you to be concious of where you derives your informations noting that the space is decentralized and everyone be suspecious to likely be selfish to lure others with wrong informations.
As the history and origin of cryptocurrencies may be imply, the basic acknowledgements from the White paper will enlighten you to look into the potentialities and the use cases of any coin before adopting it. So, making research on your own without relying on third party such as the media influencers or individuals may not be a freak to you because you'd be at the better position to figure what information or system of the cryptograph is a real and fake one. Interestingly, you wouldn't be vulnerable to be convinceable by a third party or anyone else but solely relies on your own research before taking your decisions.

[Awaklara]

• It will help you understand the purpose of bitcoin and it's long term potential instead of only focusing of its short term price movement..

Conducting research for beginners who want to know more about Bitcoin, or those who actually want to invest in Bitcoin, will be very important. But you may also have to remember that everyone’s motivation towards Bitcoin is different. Some are interested in investments, some are interested in Bitcoin mining, but others prefer trading because they are skilled at it. We cannot direct everyone to the same goal as we desire.

[Hatchy]

Bitcoin stands for many things but one word that always comes to my mind when it thinks of it is freedom. You can DYOR about it as well but bitcoin is the first cryptocurrency that has been able to give us that freedom we always wanted from the government. Even if we know that they just won't let's us enjoy decentralisation to the fullest, but there's just this gap that keeps us away from the reach of the government..

Im happy that op Included bitcointalk as a place to get information from because many times alot of newbies fails to recognise the fact that this forum has all the necessary information you need and people who are willing to teach you all you want to know about cryptocurrency and bitcoin at large..

[CryptSafe]

As the saying goes, "information is powerful" We have to equip ourselves with information as it pertains to Bitcoin and all that has to do with its safety and usage. At first, safety is very important because after purchasing bitcoin, in order to be able to hold it for a long time, you will have to keep it safe, and that requires you to hold it in a self-custodial wallet, which is vital because that would guarantee your asset safety on your path.

However, I have come to realize that people are more concerned with just purchasing bitcoin since they were told its value keeps appreciating over time, which would mean profit to them. They also fail to tell them about the safety and protection of their assets or investment, if you like. Little wonder that many investors keep their assets with third-party exchanges because they have no much knowledge of existing wallets and their security features; otherwise, they would not bother themselves with third parties to say.

Good research would expose one to the essences, benefits, and also safety measures to be taken to ensure they secure or protect their assets because like they say "information is powerful" and this research would help them to have a wider and broader view and perspective of what they are really signing up for so as to be able to stay and play safe to not make any silly mistakes as the case may be.

[Adams0001]

Knowledge is power, so as a newbie that is still coming up in building up his Bitcoin portfolio journey, it is very advisable to always do more research on Bitcoin to be aware of any update when it comes to Bitcoin and also have the full knowledge to other coins too, it is very good in doing more research on Bitcoin to help you build more knowledge in crypto world in general, and to expose any newbies to avoid some mistakes of being scammed, so it is good for sourcing information in a right channel because there many wrong information out there that misleading someone,

Sure, without getting enough knowledge about crypto investment you will always fail to achieve your goals. Anything that will bring profit to you, without getting the knowledge and experience you will always find it difficult to get the benefit of it. anyone that you see as be successful on bitcoin investment is not by luck is by the knowledge and experience that make him achieve is goals. We need to understand that Anything in this life you need to make a research before engage your self into it. Is very advisable that a newbie to always make a personal research about Bitcoin, even he as a mentor that can guide him up. is better you make your on research to understand it more better. Making more research make you have full understanding about what you are planning to invest because the more you research the more you understand and get better experience and get a better profit in your Bitcoin investment or probably trading.

[uchegod-21]

There are quite alot of information on the internet, both the good and misleading information. Being a newbie in this era where scams and fakes are more than the genuine and almost looking identical. I will advice all newbies who are here in this forum to always ask questions here if they come across any offer they doubt or any challenge at all. They'll be sure of getting a good number of genuine replies from members here. That's the privilege they get for being here

[Abdulzuruku01]

• This will help you protect yourself from any scam activities. There are alot of Scams in the crypto world so doing your own study will help you spot th at first glance . These scams offers reward that is too good to be true

• It helps you reduce FOMO. The hype behind a certain currency can make you act based on emotions and thus can be very disastrous as you could lose your funds.. when you research properly, you will be able to know when to invest in a project

• You will be able to accurately make your own decisions instead of blindly following an influencer or a celebrity. These people have commissions for endorsing projects and will make money irrespective but it's different for you when you are not properly informed.

• There is risk in bitcoin and cryptocurrency in general but when you accurately do your own research, you will be able to make calculated risks and this will prevent you from losing funds more than you can handle.

• It will help you understand the purpose of bitcoin and it's long term potential instead of only focusing of its short term price movement..

 While making your own research, it is good you source information from reliable and trusted sources. Use reputable platforms to get the most information...
 Some recommendations are
• Bitcointalk
• Cointelegraph
• Coindesk
• Decrypt
 
Always start from basic concepts as it will help to build a solid foundation. I will also recommend that you read the white paper of bitcoin.. it contains key purposes for it creation.

It's good to do thorough research before beginning anything you're new to, especially in the cryptocurrency space, where there have many challenges due to the high risk and a lot of fraudsters, the only way we can protect ourselves is by conducting our own research. Because many people make mistakes by blindly following influencers, and some of these influencers also lack crypto knowledge, my advice to newbies is to understand that they have a lot to learn in the cryptocurrency space before jumping in to invest their funds. Because it will be easier to lose money or fall victim to scams if they don't do their own research, newbies should learn about Bitcoin and other cryptocurrencies, wallets and storage, trading and investing, and many others.
I also recommend this forum as number one reputable platforms that they will get their informations and also this learnmeabitcoin these two platforms contributed a lot to my journey.

[Smartvirus]

There are quite alot of information on the internet, both the good and misleading information. Being a newbie in this era where scams and fakes are more than the genuine and almost looking identical. I will advice all newbies who are here in this forum to always ask questions here if they come across any offer they doubt or any challenge at all. They'll be sure of getting a good number of genuine replies from members here. That's the privilege they get for being here

Better still, they shouldn’t let themselves into most offers. When they find something really unreal and unusual, they should ask themselves if they truly deserve it, why are they the best person for this offer and what qualifies them for it, did they seek it out or it just found them… things like these would set them on the right path even before they realize it.

DYOR is a must and shouldn’t be taken likely, better still, the forum is a place where, users are always open to help and verify every bit of information, you only need ask.

[Oshio-man]

There are quite alot of information on the internet, both the good and misleading information. Being a newbie in this era where scams and fakes are more than the genuine and almost looking identical. I will advice all newbies who are here in this forum to always ask questions here if they come across any offer they doubt or any challenge at all.

The more you research on Internet to know more about bitcoin and cryptocurrency, the more you get good information and bad information about bitcoin and cryptocurrency, you can utilize the good information you gather from the research about bitcoin so that you will have something good to achieve that will make other newbies know that you have the knowledge of bitcoin, asking questions as a newbie before taking action, it will make the newbies not to fall victim to scammers in this forum because they have learned on how to identify scammers and their strategies in the forum, there is no kind of scam strategies that is not exposed in this forum, and many newbies have learned a lot from some threads in this section which other newbies can also learn from not to be victim of any scam  in the future.

[AGogi2003]

There are quite alot of information on the internet, both the good and misleading information. Being a newbie in this era where scams and fakes are more than the genuine and almost looking identical. I will advice all newbies who are here in this forum to always ask questions here if they come across any offer they doubt or any challenge at all.

The more you research on Internet to know more about bitcoin and cryptocurrency, the more you get good information and bad information about bitcoin and cryptocurrency, you can utilize the good information you gather from the research about bitcoin so that you will have something good to achieve that will make other newbies know that you have the knowledge of bitcoin, asking questions as a newbie before taking action, it will make the newbies not to fall victim to scammers in this forum because they have learned on how to identify scammers and their strategies in the forum, there is no kind of scam strategies that is not exposed in this forum, and many newbies have learned a lot from some threads in this section which other newbies can also learn from not to be victim of any scam  in the future.

Doing your own research make things easier for you to understand, then just hearing it from other people. Is always a good idea to make research when you are about to invest in bitcoin. if you don't have the knowledge about the investment you are trying to start. Bitcoin investment is always easy to invest. but to get the profits is the main problem, you just need to set your target and be patient enough for long term and you will surely reach your goals. Because if you have finished making some necessary information in the Internet and you are not patient on it you will always find it difficult to achieve what you are looking for. And you should always remember that when researching you will see some people seeing negative things about bitcoin because they don't like the investment so you need to look for some real articles to study more about it.

[Pandorak]

They said there may not be bear market in this coming one which is 2026 but I still do not believe yet. I will prefer not to hold bitcoin much at the time and buy back later in 2027.

I believe that bitcoin always repeat history and has a circle to complete in every four years. Therefore, we will experience the bear market after the end of this bull tun. It only difference might be that, the price of bitcoin wouldn't dip that much like in previous bear seasons, because more companies and government will adopt bitcoin as a strategy reserve. However, hodlers don't to worry about the market season.

Exactly, bullish and bearish markets are normal because they occur in every cycle, like a four-year cycle, and even if prices fall significantly, there is no need to worry too much. Act like a true holder, focus on the future (long term), and you won't be afraid of the upcoming bearish market. In fact, i believe investors will be happy with the upcoming decline because they can accumulate more Bitcoin at a lower purchase price. Ultimately, fear is only experienced by traders, not investors.

[l3pox]

They said there may not be bear market in this coming one which is 2026 but I still do not believe yet. I will prefer not to hold bitcoin much at the time and buy back later in 2027.

I believe that bitcoin always repeat history and has a circle to complete in every four years. Therefore, we will experience the bear market after the end of this bull tun. It only difference might be that, the price of bitcoin wouldn't dip that much like in previous bear seasons, because more companies and government will adopt bitcoin as a strategy reserve. However, hodlers don't to worry about the market season.

Exactly, bullish and bearish markets are normal because they occur in every cycle, like a four-year cycle, and even if prices fall significantly, there is no need to worry too much. Act like a true holder, focus on the future (long term), and you won't be afraid of the upcoming bearish market. In fact, i believe investors will be happy with the upcoming decline because they can accumulate more Bitcoin at a lower purchase price. Ultimately, fear is only experienced by traders, not investors.

what are your thoughts on the four year cycle from now on?
I feel split
70% chance it keeps happening and 30% it will change this time because too many people are expecting for it
we'll see what happens but I'm mostly expecting a >50% correction in 2026.

we'll probably see easier bear markets than 2018 and 2022.

[Smartvirus]

Agreeably, there is a lot of updates and news that could be gotten from those listed sites but, it’s the most you get, news and updates. One place you could get materials on Bitcoin and cryptocurrencies though is, GitHub. You’ll get exposed to books and lots of other materials. Another place is the entire web itself and all that you need is right there along with some garbage, you just get to filter the source out of it and don’t trust an information because it’s appealing.

[Dareo]

Agreeably, there is a lot of updates and news that could be gotten from those listed sites but, it’s the most you get, news and updates. One place you could get materials on Bitcoin and cryptocurrencies though is, GitHub. You’ll get exposed to books and lots of other materials. Another place is the entire web itself and all that you need is right there along with some garbage, you just get to filter the source out of it and don’t trust an information because it’s appealing.

Yes that is so True Github is actually a goldmine to good resources when you know what to look at You can find actual technical content there straight out of developers which is much more reliable then random blog posts And of course everything is on the web but you have to be careful because there is misinformation as well That filtering and cross referencing is the only way to ensure whatever you are reading is worthy of your trust

[IceLincoln]

 While making your own research, it is good you source information from reliable and trusted sources. Use reputable platforms to get the most information...
 Some recommendations are
• Bitcointalk
• Cointelegraph
• Coindesk
• Decrypt
 
Always start from basic concepts as it will help to build a solid foundation. I will also recommend that you read the white paper of bitcoin.. it contains key purposes for it creation.

It is important to do your own research in this crypto space and maybe in whatever investment one has to go in but while doing this research you should cross reference from different sources just like you’ve listed some sites but information on some of them can be false or rumour.
You have listed some of the importance or advantages of DYOR Doing one’s own research, you make your own informed decisions based on what you’ve learned and gathered instead of from just someone else's opinion.

[Rruchi man]

There are alot of Scams in the crypto world so doing your own study will help you spot th at first glance .

The knowledge you get from your own study may actually not be enough to keep you away from scams, especially the sophisticated ones. This is simply because research is also a skill, and you may not be skilled enough for your research to be in-depth and thorough.

On the side of research, you have to be very sincere with yourself about where you belong. If you're an individual who knows that your research skills are not very thorough, you have to invest time into sharpening your research skills before trying to do research concerning cryptocurrency.

[Sanitough]

bitcointalk is a good place to learn more about the technical side of btc and keep up with politics and world economics, but not the best place to research altcoins, defi, nfts and opportunities in the crypto markets, for this X and discord will probably do a better job.
welcome to the forum, enjoy the content here!

If you are here for bitcoin solely, bitcointalk is a perfect avenue. Though DYOR is still required, but at least you can minimize it from doing so since the forum offers already informative ideas and information. But if you are here for both bitcoin and altcoins, since altcoins are less discussed in the forum, then going outside the forum is a good catch.

However, it’s undeniable that there are positive outcomes that we can gain from doing DYOR. But we all know it never ends there, one should clearly understand everything that he got from his research and further studies, that’s the most important thing to do.

[coupable]

Always start from basic concepts as it will help to build a solid foundation. I will also recommend that you read the white paper of bitcoin.. it contains key purposes for it creation.

I think you make a very valid point here and to be honest, the bitcoin white paper contains the basic informations that explains better the graphics of bitcoin because, the talks about the bitcoins volatile and it risk on holding isn't seem enough contents for newbies who wants to extremely explore in the cryptography system.
Learning from the origin about what Satoshi Nakamoto oversighted on the creation of decentralized blockchain can be convinceable to why an individual should consider it thoughtful and see it necessary.

Despite written in an easy style, bitcoin whitepaper isn't that easy to understand for everybody. We all learn how to use bitcoin network by practice long before knowing about its origin protocol issued by the founder. Nowadays, almost more than 80% approximately don't know about origin bitcoin protocol and just learn how to use from online video tutorials.

For those willing to practice how bitcoin works, it is worth mentioning that does exist a testnet network identical to bitcoin network in which you can try all the features like send and recieve and even expert features which make it a great tool for both new comers and expert devs.

[tech30338]

Although doing own research help, lets not forget that we sometimes need help, help in the sense that we are corrected when our research is wrong or we have misunderstood what we are looking for, we also need feedbacks or read others side on a matter, when it comes to that finding a credible person is really hard this days, we go through different websites to find if its true or not, at the end of the day, we are going to make the decision and if its right or wrong is on us.