How to DYOR Do Your Own Research: A Complete Guide

Accordingly, if you aren鈥檛 willing to hold a crypto for a decent length of time, you probably haven鈥檛 done enough research to invest in it (unless of course you鈥檙e a day trader). DYOR is an acronym that stands for 鈥渄o your own research.鈥 It鈥檚 commonly used by analysts, traders and market researchers who share their work and opinions on social media. Keep in mind that DYOR isn鈥檛 unique to crypto; commentators in other industries use it as well. Detailed process of how the platform or application works, including its tokenomics. It鈥檚 a word of caution especially if you鈥檙e thinking of investing in a certain coin or project. This is simply said because not being informed enough can potentially lead to a great loss.

The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. This is especially https://xcritical.com/ useful trait for a new stock market or crypto investor. Used in an internet forum scenario, as a gentle reminder for readers to do their own research on a subject, rather than take everything they read at face value.

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Perhaps the most important part about a currency is to know who they partner with and how they have managed to reach you. Thus, it is important to read up on the partnerships the currency dyor meaning crypto has been in and whether they are legit. In simpler terms, you can be scammed, lose your savings, and get minimum to no returns on your investments if you end up investing without DYOR.

  • However, the acronym is not a piece of advice exclusive to the cryptocurrency ecosystem.
  • Opening a topic on even some of the most obscure tokens can yield a lot of responses and opinions based on first-hand experience.
  • It acts as a repository of knowledge, definitions, and news for all varieties of finance 鈥 traditional stocks, derivatives, forex, and cryptocurrencies.
  • A typo of ‘Hold’ originating from bitcointalk that has also been retrofitted to be an acronym for Hold on f…
  • This is important because if you are someone who loves to do courses at their own pace, live and synchronous may not be for you.

Investing fixed dollar amounts over regular periods of time regardless of the price of the asset. Wallets and exchanges that support the project鈥檚 token. TVL refers to the total amount locked in the smart contracts of the platform, normally in the form of debt collateral or liquidity pool funds. Sign up to Metaschool web3 courses to learn the necessary skills to switch to a fantastic blockchain career. This is important because if you are someone who loves to do courses at their own pace, live and synchronous may not be for you. The number one step is to know and determine your objectives.


Reddit鈥檚 primary value in your research is the ability to ask the opinions of people who have been directly involved in crypto projects or have had experience purchasing coins. Unlike websites that give you statistics on market caps, prices, and other metrics, Reddit offers a unique way to directly converse with users about blockchain projects. CoinGecko.com is another market research source for crypto projects. Similar to CoinMarketCap, CoinGecko provides information on market caps, prices, and trading volumes of a very large number of coins and tokens.

While one may get lucky once or twice, trying to find profitable projects to invest in by listening solely to influencers is remarkably difficult, if not impossible. And on the face of it, promoters and shills encouraging their followers to do their own research is a step in the right direction . Unfortunately, the ways in which some of these promoters use DYOR is less than legitimate.

Before investing in a crypto project, DYOR on some things that include 馃攳

DYOR is indeed extremely important in crypto, especially for investors who aren鈥檛 yet familiar with decentralized technologies, like blockchain. An initialism of 芦do your own research,禄 meaning you should search for credible information before you believe something you read or see online. A marketing strategy used to spread fear and insecurity among customers, traders, or investors.

This article contains links to third-party websites or other content for information purposes only (鈥淭hird-Party Sites鈥). This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author鈥檚 [company鈥檚] own and do not necessarily reflect those of CoinMarketCap. People use DYOR to encourage other investors not to blindly trust any piece of advice, research or claim, regardless of its origin.


It is a great source of news and discussions about anything related to crypto. For DYOR purposes, r/Cryptocurrency is a vital tool to get first-hand insights into various blockchain projects. Many projects, even small ones, are being actively discussed on the website. CoinMarketCap lists most active cryptocurrencies , so finding a project鈥檚 coin page is a great place to find some basic information, especially related to tokenomics. To help you get started, we鈥檝e put together a list that you can work through to better understand any project, coin, or token you鈥檙e thinking about investing in. Just to be clear, this list is by no means comprehensive, but it鈥檚 a useful safety net that should save you from investing in any dubious projects.

dyor meaning

However, the acronym is not a piece of advice exclusive to the cryptocurrency ecosystem. It is commonly used throughout the internet due to how fast and easily misinformation can spread. Details on what ownership, voting, and yield-earning rights token holders get. Again, this is often described in the project鈥檚 white paper.

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Knowing the difference is between legitimate technical terms and nonsensical buzzwords is an important part of DYOR. If you need any guidance, you can look up all the crypto buzzwords in CoinMarketCap Alexandria鈥檚 Glossary. The key thing you鈥檙e looking for in a whitepaper is proof that the project solves a problem that really exists, and that another better-established platform isn鈥檛 going to solve that problem first. The level of financial returns promised by any given crypto project is most likely inversely proportional to its chances of success. If you wanted to look up exactly how much money the popular crypto shills charge for a post, crypto sleuth @zachxbt has helpfully put together a database showing just that.

dyor meaning

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