"Do Your Own Research" - What does it entail in crypto?

[Fidelia]

We have always heard about "Do Your Own Research" as a necessity for entering any form of investment. In crypto, what does "DYOR" really entail? What are the research that every investor need to do by themselves?

 

[Suba]

DYOR (Do Your Own Research) is very important for crypto investors to do before buying/investing in a crypto, especially a new crypto, so investors must study or do research on the whitepaper, project team, tokenomics, community, social media, market analysis/sentiment, etc.

 

[Stardom22]

When you hear about making research in the cryocurrency world it's mostly means that you find your own means of making informed trading decisions on the cryocurrency activities for that matter.

 

[Trush Jodie]

You have to find out about the tokenomics and the utility of the token as part of the Do Your Own Research.

 

[eLdavis]

Before investing in crypto, every investor needs to have a clear understanding of how that particular investment works if it's ment for you or suits the amount of risk you can take.

 

[Trush Jodie]

Just take time and study the tokenomics of the crypto and see how convincing it is before you invest.

 

[riberet19]

It means the same as it does in the traditional market or in any area of investment, that you should not trust what someone else tells you or invest blindly, that you should research everything you can on your own before making an investment.