So, you decided to dive into the world of the crypt. Congratulations! Important warning: the first lesson on the crypto path is to trust no one but yourself (well, maybe a little bit of me). And here comes an abbreviation that can confuse a newbie - DYOR. But don't worry, now I will explain in a simple and fun way what kind of beast it is.
What is DYOR?
DYOR stands for "Do Your Own Research." This is one of the favorite slogans of crypto-enthusiasts, thrown at anyone who has the slightest doubt or asks for advice. Why? Because cryptospace is the wild west of the Internet, where every cowboy must protect himself. DYOR is your reminder that you need to learn how to filter information, distinguish hype from truth and not fall for any offers to make a "million overnight".
Where did he come from?
Like many things in the crypto-universe, DYOR emerged somewhere in the depths of forums and social networks, where investors of various levels of knowledge exchanged "expert" opinions. However, after several high-profile scandals related to fraudulent projects, this expression has become an important reminder for everyone: before investing your funds, you need to check the project to which you trust your blood.
How to use DYOR?
Let's say you see a new token called "ToTheMoonCoin" (spoiler: it's almost certainly a scam). Instead of immediately investing there, you start digging. You read the white paper, look at the development team, analyze the road map, check reviews on forums and social networks. If you feel confident after all these steps, maybe it's worth taking a risk. And if you get the feeling that you are hearing "crooks in the studio" - it is better to pass by.
Fun advice
Always remember: even if someone very confidently tells you about future gold mountains and swears to mom that the project is TOP, keep in mind: DYOR and only DYOR!
This simple rule will save your wallet from suddenly emptying after meeting your "dream investment".
Now that you know what DYOR is, go explore the crypto space and make informed decisions!
Disclaimer: This article is for informational and entertainment purposes, not financial advice. Don't forget: DYOR!
