Do Your Own Research (DYOR)
Principle of personal responsibility encouraging each trader to verify sources and choices.
Beginner-friendly explanation
“Do Your Own Research” means you should always verify information before buying or selling crypto. Don’t blindly follow others (friends, influencers, forums). Every decision should be based on your own understanding.
Example: Everyone on Twitter is hyping a new coin. Before buying, you visit the official site and check if there’s a real project behind it.
Intermediate-level insight
DYOR involves careful analysis of projects: whitepaper, team, tokenomics, community, audits, roadmap. It protects you from scams, pump & dumps, and helps you build strong convictions. It’s a must-have habit for any independent trader.
Example: Before entering a DeFi project, you check if it’s audited, if smart contracts are public, and whether the team is active on Discord or GitHub.
Advanced perspective
DYOR is a multidimensional critical process: technical (audit, source code), fundamental (business model, real use case), community-based (reputation, transparency), and market-timed. It is the antidote to blind delegation and groupthink. It strengthens the trader’s strategic independence in the face of biased signals.
Example: An investor analyzes a low-cap project: reads the whitepaper, compares on-chain metrics, studies token distribution, and challenges the roadmap via AMA sessions.
Trading Strategies
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