2. Do Your Own Research (DYOR)
• Never rely solely on the advice of others, whether they are friends, social media influencers, or even analysts.
Every cryptocurrency project has its own objectives, technology, team, and roadmap.
Before investing in any coin, you should:
* Read the whitepaper: to understand the core idea of the project, the technology used, and the problem it aims to solve.
* Learn about the team: Are they reputable? Do they have experience in the field?
* Understand the use case: Does the project have real value, or is it just speculation?
* Review community activity: Is there an active and supportive community for the project?
* Analyze the market: What is the total market size of the coin? What is its total supply?
* Be wary of exaggerated promises: Projects that promise quick, unrealistic profits are often scams.
