What is DYOR in crypto?

[Imran Noori]

DYOR or do your own researches is a very popular statement in crypto especially for those who are investors and long term holders.

Doing your own researches is finding information about a certain crypto in which someone could find projects behind it, team working behind it, it's tokenamics, it's roadmap and potential.

What more you know about doing your own researches in crypto market?

 

[riberet19]

Well it is not really something that is only crypto, it is a mantra in investments, you should always do your research when you are going to put your money to work in a company or asset, whatever it is.

 

[Suba]

Imo, DYOR in crypto is just an invitation for us to be more careful in investing, and we must first do research and get as much information as possible. DYOR is easy to say but difficult to implement, especially for beginners.

 

[gammarays]

DYOR is a popular terminology in crypto which means do you own research. It's just a way to warn investors that they're to take full decisions on their actions so no one but yourself will be held responsible for any bad outcome.

 

[Reedex]

DYOR is a popular terminology in crypto which means do you own research. It's just a way to warn investors that they're to take full decisions on their actions so no one but yourself will be held responsible for any bad outcome.

It is a very good terminology that will awaken crypto investors.

 

[Suba]

DYOR means reminding us as investors to carry out learning and research independently, without the help of others. So investors must be able to find reliable sources of information such as Coinmarketcap, whitepaper, but not be fooled by influencers or famous people on social media because they are only looking for personal gain.

 

[Carson20t]

That is the more reason why many crypto trading and exchange platform have an academy to get to educate people on cryptocurrency and many other dangers and or disadvantages of fintech. We just need to know exactly what we are getting into so that we do not fall prey because scammers and fraud are everywhere.

 

[Suba]

That is the more reason why many crypto trading and exchange platform have an academy to get to educate people on cryptocurrency and many other dangers and or disadvantages of fintech. We just need to know exactly what we are getting into so that we do not fall prey because scammers and fraud are everywhere.

You are right almost all exchanges provide education about crypto, because crypto exchanges are on behalf of organizations or companies so no exchange reviews influencers and famous people, or how we are not affected by FOMO.

 

[Chibson]

Dyor simply means do your own research. whoever wants to invest in cryptocurrency should always have what it takes to make their own research and not buy into people's idea blindly.

 

[Golden9]

It's never easy to do research, but it's probably the reason why those who get the hang of it make the most money in this market.

Imagine buying Bitcoin 10 years ago just because of DYOR.

Imo, DYOR in crypto is just an invitation for us to be more careful in investing, and we must first do research and get as much information as possible. DYOR is easy to say but difficult to implement, especially for beginners.

 

[Blessed19]

DYOR in crypto means do your own research. This is something that is more of an advice to investors in the crypto currency market as there are some projects that are scams and most of them are just a pump and dump projects and so therefore before one invest money into any kind of crypto project, they should make a good research about the potential of the it and not just blindly invest in it.