Quote from: justdimin on Today at 07:04:22 PM

Quote from: luca prieto on September 07, 2021, 10:01:55 AM

Sometimes you do so many research for your investment,but you make a loss at finally.In the meanwhile,your friends just follow famous people or obey some rumors,and they make huge profits.
Have you ever had such an experience?
If you have,how about your friend ?they make a fortune or not?

I understand that everyone would say it is better to not look at famous people and do your own research. However one thing we are forgetting here is that just because you look at what the influencers are saying doesn't mean that we can't DYOR neither. Go check what they are saying because that is usually the places that have enough money to do marketing and 100% guaranteed paid those influencers to say their name. And that is literally the reason why we see so many useless tokens go up.

However just because those influencers talked about a coin doesn't mean you have to buy it, just research it and you will see how great or terrible it is. That's my trick, I check what influencers say and then pick something among them, I still do my research on all of them.

I think DYOR must be applied all the time especially that we don't know if those famous people can be good influencers or not. There's nothing wrong if we come to believe them but we should also do our part and that is keeping researches on what they are making us believe. So get some idea from them but definitely the final say will be coming from us.

Sometimes i also check some speculations coming from big whales and its not really all the time that they are making right speculations so others tend to avoid them before they can create wrong moves just because they fully rely on what those influencers say.