Do your own research
I'm gonna buy a ton of WorthlessCoin, but you should definitely DYOR.
|Bagholder||A person who fails to sell a stock before it crashes|
|HODL||Hold on for dear life|
|ROI||Return on investment|
|CYA||Cover your a**|
|NFA||Not financial advice|
|JFGI||Just flippin' Google it|
|DAQ||Dumb asked question|
On social media and in Internet forums, DYOR means "do your own research." Posters use this acronym to tell others to do their own research about everything from cake recipes to vaccines. However, DYOR is most commonly used in the crypto community, as a warning to think twice before purchasing a cryptocurrency.
Why is DYOR used so commonly in the crypto community?
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. Or, a currency creator might pretend a currency is endorsed by celebrities, to drive up the currency's price.
To help crypto noobs avoid getting scammed, seasoned investors may tell them to DYOR, especially when a new coin seems too good to be true. On the flip side, those who are trying to scam others may also tell them to DYOR, in hopes the potential purchaser's research will turn up misinformation that encourages them to buy.