🔸FUD 🔸FOMO 🔸HODL 🔸BUIDL 🔸SAFU 🔸ROI 🔸ATH 🔸ATL 🔸DYOR 🔸DD 🔸AML 🔸KYC Ever seen one of these abbreviations and wondered what it meant?
9. Do Your Own Research . It means that investors should do their own research into their investments and not rely on others to do it for them. "Don't trust, verify" is a commonly used phrase in the cryptocurrency markets with similar meaning.
Different opinions can accommodate for different strategies, and successful traders and investors will have wildly different strategies. The main idea is that they all did their own research, came to their own conclusions, and made their investment decisions based on those conclusions.Due diligence is somewhat related to DYOR. It refers to the investigation and care that a rational person or a business is expected to make before coming to an agreement with another party.
The same is true for investments. When investors are scouting for potential investments, they need to do their own due diligence on the project to ensure that they can take into account all risks. Otherwise, they won't be in control of their investment decisions and may end up making the wrong choices.refers to a number of regulations, laws, and procedures that aim to prevent criminals from disguising their illegally obtained money as legitimate income.
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