How to DYOR… and why it is important

Reading this subreddit, we can often hear the phrase “DYOR” being thrown around a lot, almost to a colt-like sense. However, many can get confused what does DYOR really means, and how to do it well, especially if they are new to the sub.

DYOR stands for “Do Your Own Research”, implying that one should not simply trust what they read, but rather do their own analysis and investigation before coming to a conclusion.

There is no foolproof method to DYOR, however, here are a few points that, if followed, can greatly increase success

The following points are not in any particular order, all are equally important in my opinion.

Be skeptical of all information. Don’t trust anyone. Never assume the truth.

Use reliable sources. When dealing with crypto related news, using websites or news sites with a good reputation can greatly help

Do not “sugar-coat” information. Thats manipulation. Often it happens with bad news, it is made to seem as something positive. You should read the bad news, and then form you own opinions.

The founder of any coin is biased. Especially if you choose to go down the shitcoin path, listening to paid promotion posts or the founder is NOT a good representation of the tokenomics and its worth.

Always try to do fundamental analysis. When dealing with a token, try to go to its contract address. See the market cap. See the holder and their % share of token holding. Can the token be minted out of thin air, or is there a cap? All of this will help you come to an informed decision.

Don’t fall into FUD. It is easy to make irrational decisions when scared. Always look at the fundamentals and make your own decision.

Same for FOMO. Don’t FOMO. Do your research, analyze the fundamentals, and then make an informed decision

Be careful out there :-). If I missed anything let me know