What does DYOR mean? - Crypto in Plain English - Episode 179 - by cryptohunt.it

What does DYOR mean?

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.

“DYOR”, you might sometimes hear it in the context of investment forums and the like. It stands for “Do Your Own Research” and simply reminds you that you should always understand what you invest in.

If you think about it, that’s really solid advice. First, you are less likely to get scammed by someone if you independently research and verify their claims.

Second, it helps you figure out which things are something you want to invest in instead of just blindly following market trends. Warren Buffet famously follows this approach: He and his investment partners at Berkshire Heathaway only take long term bets in companies that they think have a fundamentally solid business model and leadership team.

And lastly, it is easy to get lured by the promises of making a quick and easy return. We’ve all told about the friend who got a Ferrari after she made a lucky investment in some crypto coin. But what they made, someone else lost because they bought into the same buzz, just later. Do your research to understand the risks.

With cryptohunt, we are building a learning platform that will teach you the fundamental building blocks of how crypto works. So you can make your own decisions and don’t need to follow someone else’s advice. Whether you are interested in personal finance or simply want to understand this new technology that is lurking around the corner.

We hope you enjoy this content - and next time we’ll talk about one of those people who’ve fueled a lot of uninformed crypto purchases: Elon Musk.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.