How To Do Your Own Research DYOR On Cryptocurrencies

Although it is remarkably complicated, this analysis will help you decide whether to invest in cryptocurrencies or not. It takes into account a variety of variables, such as a cryptocurrency’s transaction value and count, transaction fees, hash rate, staked tokens, etc. Technical analysis gives you the technique you need while entering the market, while fundamental analysis informs you of the value of cryptocurrencies. Knowing when to enter and quit the trade involves comparing and evaluating the price movements of the cryptocurrency you want to invest in. You can perform technical analysis by examining cryptocurrency price charts, interpreting trends, indications, candlestick patterns, and more.

dyor meaning crypto

Shilling is a common practice in cryptocurrency where people tend to advertise the coins that they own in hopes of positively affecting the price. Quite often, it can be difficult to distinguish the difference between a shill or an unbiased post. When purchasing any cryptocurrency, it is advised to make the decision on your own before investing, and not just because someone else has said it is worth it. DYOR stands for Do Your Own Research and is a common phrase used by cryptocurrency enthusiasts. 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.

Generative Art

The spectacular collapse of FTX showed some big crypto businesses had plenty of dark secrets to hide. The labyrinthine world of DeFi can also be intimidating to a newcomer. There is also a tendency to follow the advice of social media experts and influencers or to shadow their investment decisions.

If lucky, he might have truly struck gold but as we said, that is sadly a rare occurrence in the sometimes predatory world of investments. Crypto markets are largely unregulated, so currency creators and purchasers can game them in a variety of ways. For example, a currency’s creator might drain the currency of its liquidity, a move known as a rug pull.

dyor meaning crypto

In our crypto guides, we explore bitcoin and other popular coins and tokens to help you better navigate the crypto jungle. Overall, Australia stands as the 15th most crypto-ready country in the world, tied with the Netherlands. Factors assessed included distribution and accessibility of crypto ATMs, legislation and taxes regarding cryptocurrency, the amount of blockchain start-ups and active searches for cryptocurrency.

How To Do Your Own Research (DYOR) On Cryptocurrencies

There is always a day where you can learn something new or master trading purely through practice. Determine significant support and resistance levels with the help of pivot points. Learn how to trade forex in a fun and easy-to-understand format. How to avoid security risks, protect your private key and seed phrases, and more in this crypto safety guide. Cointree has partnered with MyExpertSuper and integrated with BGL Simple Fund 360 to allow clients to easily add crypto to their portfolios. Winners of the 2022 Finder Best Crypto Exchange in Australia for SMSFs.

DYOR’s capacious take on the rollercoaster of 2021 and 2022 frames it as the peak of a decade of diverse experimentation with the potential of blockchain, and artists’ part in that speculation. Far from being a bubble burst, many of the issues raised by the blockchain debate – about digital culture, ownership, decentralisation and what we value as ‘art’ – won’t be going away soon. This VR-isation of the art gallery is an ambiguous requiem for the physical artwork and the public space that gives it meaning. Ironically for all its attention to little flat digital rectangles, DYOR ends up reaffirming the cultural value of having a place to meet, look and think ‘IRL’. A whitepaper is a document that details a cryptocurrency’s future possibilities from start to finish. You can learn the history of that cryptocurrency, the reason for its creation, the future plans, and the growth possibilities.

Find the approximate amount of currency units to buy or sell so you can control your maximum risk per position. From basic trading terms to trading jargon, you can find the explanation for a long list of trading terms here. Furthermore, the platform provides various products to help you DYOR, including alearn and earn section, anICO calendar, anevents calendar and more.

Industry Research

It is also often used as a kind of disclaimer by some cryptocurrency figures when they post about projects or analysis on social media platforms. The term first became popular during a wave ofICO projects that flooded into the cryptocurrency space between 2016 and 2018. Many investors were left duped or out of pocket by a host of scams entering the market as potential get-rich-quick crowdfunding schemes. The term is also often used as a disclaimer when cryptocurrency traders and enthusiasts make public posts or share their market analyses on social media platforms. It refers to a research-based approach to buying cryptocurrency or investing in DeFi projects.

In other words, if you’re betting that a cryptocurrency and its blockchain will be significantly more prominent and valuable in the future, it is a good idea to find reliable evidence to support this bet. Within the crypto community, this phrase has become an empty platitude, although it is one of the greatest pieces of advice in crypto. It is something that prominent industry figures repeat to absolve themselves of any liability if a trader, having been encouraged into investing in cryptocurrency, loses significant sums of money. A real-time on-chain analysis is used to determine how stable the blockchain network of the cryptocurrency will be. Sentimental analysis is the study of traders’ opinions of a particular crypto asset or the state of the market as a whole.


The acronym can also be used ironically to mock someone sharing commonly known information. The term originated from a 2013 online post to the Bitcointalk forum, where the typo first appeared. Essentially, the goal of a hodler is to weather the various ups and downs of the market with an eye towards long-term gains. Bagholder describes a person who holds onto their assets despite a continuous decrease in their value.

  • We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
  • It takes its meaning from the phrase ‘going to the moon,’ as in, “this crypto is doing to do very well.” This may be a surprising addition to the list in a year in which we suffered a monumental market crash.
  • There is always a day where you can learn something new or master trading purely through practice.
  • The idea is that the price will eventually bounce back and more than likely increase in value.
  • If you don’t do your own research as an investor, you risk trusting an unverified source and losing all of your capital.

Instead, Bob will buy someone’s bags and end up with a project that is, in the worst case, not even being actively developed. It takes its meaning from the phrase ‘going to the moon,’ as in, “this crypto is doing to do very well.” This may be a surprising addition to the list in a year in which we suffered a monumental dyor meaning market crash. Also discovered by the study was a series of interesting findings based on Google Trends analysis. It was the top search term in 16 different American states, including Rhode Island, Oregon, and California. Get the latest news and best offers from the crypto community by joining our newsletter.

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An avid bitcoin lecturer for years, he revealed in December that he’s actually not a bitcoin millionaire, and sold his coins early to cover rent and bills. He was bitshamed by Roger Ver, known in the bitcoin community as “Bitcoin Jesus,” for his failure to hodl. “Fear, uncertainty and doubt,” shortened to “FUD,” isn’t a term exclusive to the bitcoin community. According to The Merkle, Obsessive Cryptocurrency Disorder, or OCD, is a condition developed over time by those who own any amount of bitcoin. They become obsessive about watching bitcoin prices rise and fall, all day and night.

dyor meaning crypto

A whale, or a crypto whale, refers to a top player in the crypto market. These people hold a substantial amount of coins, accounting for a small fraction of cryptocurrency users. When a whale buys or sells, their influence is so strong that they may move the market. “To the Moon” is an exclamation used when cryptocurrency prices are rising off the charts. By the same token, when a coin’s price is “mooning,” that means that the price has hit a peak.

This is an auction method that has been used for traditional art to sell goods quickly to smaller investors. Every project should have a use case or what it intends to solve in the crypto space. The utility of a cryptocurrency is the reason that people use it. Cryptocurrencies with a higher utility have more value than those with lower utility. Those that are easier to use are considered to be of a higher utility and thus their price tends to rise. The most important thing you can do as a crypto investor is to educate yourself.

It seems like most experts in crypto are always advising us to DYOR but rarely reveal how to — here is a comprehensive guide.

It encourages them to research and understand a cryptocurrency before investing so that they can answer precisely why they are buying that currency and supporting that project. Use websites like the Ledger Coin Price page to get more information about the coin, including links to the website and social media. Review details like the market cap and the total coins in circulation to understand the overall token prospects. Derived from the word “wrecked,” you might say that a cryptocurrency investor got rekt when they made a bad trade, like selling their bitcoin right before the price skyrockets upwards. The Flippening describes a future turning point where bitcoin’s reign as the most valuable cryptocurrency market ends, and is replaced by an altcoin like ethereum. The opposite of diamond hands – a negative term for someone who does not hold onto an NFT or token for long, usually panic selling when its prices drop.

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NFA stands for “Not Financial Advice” and is used to remind investors that analyses and predictions should not be taken as financial advice. If the project you’re researching claims to have partnerships with world-leading corporations, you should inspect the partnership announcement and the terms of the partnership. A crypto hedge fund trading firm started by FTX exchange founder and former CEO Sam Bankman-Fried that was known for making huge bets on other crypto companies and businesses.

Shrimpy and its partners are not financial advisors and do not own or guarantee the success or failure of ANY exit strategy/plan displayed or developed on the Shrimpy app. Cryptocurrency and blockchain technology continues to become increasingly popular, with many people entering the space to make investments or use crypto for payments. These are some of the most common acronyms used by crypto users and blockchain advocates, but their meanings can be confusing if you’re not familiar with them.

Cointree is a digital currency exchange, founded in Melbourne in 2013, helping over 100,000 investors access the world of crypto. The term “DYOR” can also act as a disclaimer when crypto traders or experts share their thoughts, recommendation, or research on social media platforms. By adding the phrase, the writer expects you to verify the information on the post, and not to take it as direct investment advice.

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