Altcoins Talks - Cryptocurrency Forum
Local => Nigerian Languages => Topic started by: Thyplaymaker on December 30, 2023, 04:10:28 PM
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There's a reason why most people keep on saying DYOR (do your own research always) . Because DYOR is something you really need to take as an habit in any cash related projects and other stuffs.
I always love to explain base on experiences. Some one I know of. Was in search of something he can take as an income source.
So his friends recommended him to forex trading telling all the positive part in it, how he can make certain huge amount of money by following signals being posted on a group.
So due to lack of research about how forex trading works. That with poor risk management it can lead to great losses. Because the higher the chances of making more profits in trading the higher the risk of also making huge losses.
So he went in to trading with the signals provided to him, he was actually trading with ignorance and at the end he ended up losing all its funds and not just his funds he also gave up on forex trading. So if he had made good research he would have know the risk attached to forex and how to manage them.
You also need to make your own research when it's comes to investing. Don't just do it because multitudes of people already doing it.
Try and make your research and Know the reasons why the particular projects being hyped. Because alot of people have fall as victims in scam projects due to lack of making their own personal researches.
Conclusion : in choosing any jobs both in crypto space or outside it, always make your own proper researches before jumping in to any thing. To know how it works or how to keep up with that particular thing. Wish you'll and a happy new year in advance.
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DYOR is very vital in this crypto space, but making your decisions is more important. There are basically two categories of people who fall under this context: Those that make research and take other people's decision, while those that also make research and take their personal decision. From the story you gave, the guy failed to do his own research and also failed to make his own decision. I have seen different people(both experienced and inexperience) who made huge losses from forex.
In conclusion, no investment is guaranteed. It all boils down to your research and most importantly: your personal decisions. You definitely can't blame @Tribalchief for the decision you took.
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DYOR is very vital in this crypto space, but making your decisions is more important. There are basically two categories of people who fall under this context: Those that make research and take other people's decision, while those that also make research and take their personal decision. From the story you gave, the guy failed to do his own research and also failed to make his own decision. I have seen different people(both experienced and inexperience) who made huge losses from forex.
In conclusion, no investment is guaranteed. It all boils down to your research and most importantly: your personal decisions. You definitely can't blame @Tribalchief for the decision you took.
Lol that's just it, the reason making such thread I've also fall as victims before and was really crazy. Went to buy a new token without any proper research.
Damn!! I went dip with the same token and made a huge losses.
Omo since that day I'm now the researching type now.
Because is indeed true that experience is the best teacher. But you not learning from it yah to be blamed.
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It is very important and pertinent that one does their own research before engaging in anything they deem fit investing or interested in because that would guide the through in having more knowledge of what they want to go into.
Doing your own research also helps alot because it reveals or unveils the potentiality of one getting involved in scam or fraud as the case may be. That is why when one wants to embark on a project, be it finance or otherwise, they are advised to conduct due diligence so as not to make any silly mistake of making or losing their funds to scammers or amateurs claiming to be experts and experienced guru's.
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"DYOR (Do Your Own Research) is the best advice for anyone new to crypto or investing in general. Many people make the mistake of rushing into investments without proper research, leading to the loss of funds or falling for scams. It's wise not to invest in a platform you know nothing about or haven't seen others invest in. Instead, look for information on events, people who have used these platforms, and how long they have been operating. Doing this will help reduce the risk of losing your funds.
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I'm just going to speak on DYOR
DYOR without a proper follow-up is nothing to be precise, we need to follow-up our research to stay connected if will really want to make that DYOR worth it . There are various way to stay connecte... News, exploration, update signup and many more.
I guess this is what I'm insinuating on good post OP
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Making personal research before concluding in anything is the best. When you hear information or something you have to make research bro confirm shey weti dem dey tok na di true tok and if you no do research before making any conclusion, you go be di lie so to avoid dat name u need to make some research. And di refusal of some people to do their personal research and invest in Bitcoin is the caused of their lack of knowledge in Bitcoin. Some people still dey think shey Bitcoin na for scammers. And most of wey fall victim for those Ponzi Scheme na the lack of research wey we no carry out at dt time. And since I join cryptocurrency ecosystem, I never fall for those Ponzi Scheme again. Because I always make research before even making comments.
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Making personal research before concluding in anything is the best. When you hear information or something you have to make research bro confirm shey weti dem dey tok na di true tok and if you no do research before making any conclusion, you go be di lie so to avoid dat name u need to make some research. And di refusal of some people to do their personal research and invest in Bitcoin is the caused of their lack of knowledge in Bitcoin. Some people still dey think shey Bitcoin na for scammers. And most of wey fall victim for those Ponzi Scheme na the lack of research wey we no carry out at dt time. And since I join cryptocurrency ecosystem, I never fall for those Ponzi Scheme again. Because I always make research before even making comments.
Personal research helps a lot because it exposes one to privy information's one knows not. As you have said, most times information flies around and most of them are not genuine as you have said and as a right thinking individual, it is expected to conduct your own research so as to get proper information as to what people are saying concerning what is spreading about. It is also not advisable to always not be in a rush when ever you are informed about a business you have no idea about. It is expected that you take out time to conduct a proper research as it relates that investment so as not to fall into the hands of scammers.
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You also need to make your own research when it's comes to investing. Don't just do it because multitudes of people already doing it.
Try and make your research and Know the reasons why the particular projects being hyped. Because alot of people have fall as victims in scam projects due to lack of making their own personal researches.
When it comes to investment and people hear the big profits wey dey involve, dem dey forget sey e get risk too, dey go just rush go put money without making proper research on how the tin dey work.
People go only tell you about investment but the amount and how you go invest am dat wan na your hand e dey, and na why e good to make research.
Back days in school na our teachers go teach us for class and na dem go still tell us to go and make research so dat we go learn better that is to sey for u to achieve your goals in life u need to make research.
Lol that's just it, the reason making such thread I've also fall as victims before and was really crazy. Went to buy a new token without any proper research.
Damn!! I went dip with the same token and made a huge losses.
Omo since that day I'm now the researching type now.
Because is indeed true that experience is the best teacher. But you not learning from it yah to be blamed.
I really dey happy for you as you learn from your mistakes.
E good wey person go dey always make research not only in investment but in anything you come to do in life and you go see the different and quality wey you go produce
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"DYOR (Do Your Own Research) is the best advice for anyone new to crypto or investing in general. Many people make the mistake of rushing into investments without proper research, leading to the loss of funds or falling for scams. It's wise not to invest in a platform you know nothing about or haven't seen others invest in. Instead, look for information on events, people who have used these platforms, and how long they have been operating. Doing this will help reduce the risk of losing your funds.
One thing that often leads people to rush into crypto is speculation and hype. Even without acquiring proper knowledge and conducting research, they easily believe every speculation and hype surrounding any project. This has resulted in losses in many cases, leading them to label crypto as fraud and rubbish. There is no further debate, Doing Your Own Research is a vital aspect of crypto.
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"DYOR (Do Your Own Research) is the best advice for anyone new to crypto or investing in general. Many people make the mistake of rushing into investments without proper research, leading to the loss of funds or falling for scams. It's wise not to invest in a platform you know nothing about or haven't seen others invest in. Instead, look for information on events, people who have used these platforms, and how long they have been operating. Doing this will help reduce the risk of losing your funds.
One thing that often leads people to rush into crypto is speculation and hype. Even without acquiring proper knowledge and conducting research, they easily believe every speculation and hype surrounding any project. This has resulted in losses in many cases, leading them to label crypto as fraud and rubbish. There is no further debate, Doing Your Own Research is a vital aspect of crypto.
you right mate. Because many people as fall as victims, most time it always end up with regret most people end involving themselves in scam project due to poor making of personal researching. Mostly in all those ICO
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Personal research helps a lot because it exposes one to privy information's one knows not. As you have said, most times information flies around and most of them are not genuine as you have said and as a right thinking individual, it is expected to conduct your own research so as to get proper information as to what people are saying concerning what is spreading about. It is also not advisable to always not be in a rush when ever you are informed about a business you have no idea about. It is expected that you take out time to conduct a proper research as it relates that investment so as not to fall into the hands of scammers.
But in most time people who are lazy to make research would like other to do the research for them and they have forgotten that making their personal research is the best because at that time of the research you would encounter both the good and bad information on the particular topic in research. If someone make research on behalf of another person, the person would not know the important of the information but if he does it by himself then he would be very much interested to the information. Therefore personal research is the best.
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Truly doing your own research is best in everything but one of the major issue, is were you are getting information about such research, since information sources may just be false especially in social media.
Here are some proper ways OF doing your own research :
- Avoid and be cautious of taking financial advice from social media like tik tok, youtube, Facebook, twitter(X) and others.
- Get and compare, information from various sources and then focus more on the part they all have in common
- Forum like Btt and Att are really helpful in this
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Personal research helps a lot because it exposes one to privy information's one knows not. As you have said, most times information flies around and most of them are not genuine as you have said and as a right thinking individual, it is expected to conduct your own research so as to get proper information as to what people are saying concerning what is spreading about. It is also not advisable to always not be in a rush when ever you are informed about a business you have no idea about. It is expected that you take out time to conduct a proper research as it relates that investment so as not to fall into the hands of scammers.
But in most time people who are lazy to make research would like other to do the research for them and they have forgotten that making their personal research is the best because at that time of the research you would encounter both the good and bad information on the particular topic in research. If someone make research on behalf of another person, the person would not know the important of the information but if he does it by himself then he would be very much interested to the information. Therefore personal research is the best.
Of a truth there are the lousy ones who would want to pay for people to help them do their research. One thing about research is that the more you research the more knowledge you gain. Research is more like you reading as well because when you do that, you also read what you do although it takes much time doing a research and that reasons I believe why some people do not bother about research buy rather would prefer to cut corners or pay for someone to do that on their behalf.
People fail to understand that research is very important and I believe personal research is of utmost importance as well because it helps to keep one informed of development and discoveries of events and Innovation in the society. Not only that, one can impart the knowledge of their research discovery on others as well.
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It is very important for anyone that is into the crypto space to always DYOR to avoid them been decieve by fake news or not to be misled by scammers or influencers. An someone using the internet, making research before making conclusions on your decisions is very necessary because it is not all the information that you see online that is the fact. Internet is an avenue for people to spread wrong information and use it as a tool for their targets. Before investing DYOR to know 75% of that coin and the risk involved in it because only that can save you from running at loss. Even though, you hear any news always confirm from the right sources before accepting it.
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There's a reason why most people keep on saying DYOR (do your own research always) . Because DYOR is something you really need to take as an habit in any cash related projects and other stuffs.
I always love to explain base on experiences. Some one I know of. Was in search of something he can take as an income source.
So his friends recommended him to forex trading telling all the positive part in it, how he can make certain huge amount of money by following signals being posted on a group.
So due to lack of research about how forex trading works. That with poor risk management it can lead to great losses. Because the higher the chances of making more profits in trading the higher the risk of also making huge losses.
So he went in to trading with the signals provided to him, he was actually trading with ignorance and at the end he ended up losing all its funds and not just his funds he also gave up on forex trading. So if he had made good research he would have know the risk attached to forex and how to manage them.
You also need to make your own research when it's comes to investing. Don't just do it because multitudes of people already doing it.
Try and make your research and Know the reasons why the particular projects being hyped. Because alot of people have fall as victims in scam projects due to lack of making their own personal researches.
Conclusion : in choosing any jobs both in crypto space or outside it, always make your own proper researches before jumping in to any thing. To know how it works or how to keep up with that particular thing. Wish you'll and a happy new year in advance.