How to DYOR on Cryptocurrencies
Before investing in any crypto project, you should do your own research. DYOR. You’ve probably heard it before, and you’ll hear it again.
But what does ‘doing your own research’ actually entail? Where do you begin? Which sources do you trust? And how much research is enough?
Putting in the time and effort to understand your cryptocurrency investments is the no. 1 thing you can do to be a successful crypto trader. But it’s not always so straightforward.
Here’s a guide that will help you throughout the research process.
Picking the right cryptocurrencies
The primary reason people do their own research in crypto is to choose the right cryptocurrencies to invest in.
A big part of crypto is getting in before the herd, which is why Twitter is so useful. Often with YouTube videos, the news that comes out might lag a little behind due to the time it takes to film and edit videos. With Twitter, however, you can read announcements and the latest news from projects and exchanges in real-time. Given how time sensitive crypto information is, this is often the best way to get the low down first.
I’ll add more point in my next article, if only this is beneficial to you guys (especially beginners) 🙂$SHIB $BTC $BNB
