Crypto Research Made Easy: How to DYOR (Do Your Own Research) in 5 Simple Steps

Thinking about investing in cryptocurrency, but not sure where to start?

DYOR?(Do Your Own Research) is an essential part of making informed decisions about your investments. Here are five simple steps to help you get started:

• Educate yourself on the basics of crypto, such as the technology underlying cryptocurrencies and the potential risks and benefits.

Here's a?post?we wrote a month ago in which we shared the importance of education over financial gains.

• Evaluate specific cryptocurrencies by looking for credible, independent sources of information, such as reputable news outlets and industry experts.

Don't trust, verify. News outlets can have a large following and be recognized across the world - however, they can be susceptible to reporting biased news as well. Always double, or even triple-check against other sources so that you can get the full picture.

• Consider the potential return on investment, as well as the level of risk, when making decisions about your investments.

A platform promising 10x gains in one week? If you don't know where the yield is coming from, you are the yield. Here at YouHodler, we do not overpromise you with any unsustainable practices. Instead, we focus on generating revenue in-house by constantly innovating and creating products that generate real yield.

• Diversify your portfolio by investing in a range of different cryptocurrencies, rather than putting all of your eggs in one basket.

There's no shame in investing in only Bitcoin, and Ethereum and having the rest of your portfolio in stablecoins. You can choose to put in only a very small percentage of your investment portfolio with YouHodler to earn an extra yield on your crypto!

• Stay up-to-date with the latest developments in the cryptocurrency space by following industry news and updates.

They call it Crypto Twitter because it does what it does best - crypto degens and natives stick around the platform to share the latest alpha as soon as they can.

By following these steps and doing your own research, you can make more informed decisions and maximize your chances of success in the world of crypto!

Try out YouHodler today!

DISCLAIMER: This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.