How To Do Your Own Research DYOR On Cryptocurrencies

Do we want people to get into the habit of believing whatever those in authority tell them to believe, without even asking questions or seeing supporting evidence? Watching all this is especially interesting to me, because as a reference librarian, I’m basically a professional researcher, who spends a lot of time helping people do their own research. So I look at the calls to “do your own research”–and the fun made of people trying to do that–with mixed feelings.

  • Even if you don’t have access to libraries with deep enough pockets to acquire science-specific journals, it’s likely they’ve been maintaining a repository of COVID-specific information for people in your area.
  • Like her, I can take any divergence between what I seem to find out and the consensus view as a reason for suspicion about my inquiry rather than a reason to doubt the consensus.
  • Most crypto projects will have their own White Paper, Discord Channel and of course, a detailed account of their underlying smart contract, which you can see by using a blockchain explorer such as Etherscan.
  • Without proper research, investors are more likely to sell their assets at a loss when they get influenced by negative market sentiment.
  • On the other hand, if the founders aren’t named or don’t have an obvious track record when it comes to crypto, business or the project’s underlying use-case, you might want to consider digging a bit deeper before you make up your mind.

You’re not doing research to pad your bibliography, you’re doing it to support your argument and explore the topic. When you’re reading online, look for a mixture of statistics and data, as well as opinions. It’s not necessarily helpful to have a ranting blog full of someone’s conspiracies about growth hormones in school lunches being a conspiracy to keep kids obese, but there might be something there to inspire you. Do more exploring and find a more substantial page with similar information. Supportive research occurs when you find those arguments in academic sources. Anything that has been published, be it magazines, books, or the online database version of academic research journals.

A beginner’s guide to crypto security

Quite often, it can be difficult to distinguish the difference between a shill or an unbiased post. When purchasing any cryptocurrency, it is advised to make the decision on your own before investing, and not just because someone else has said it is worth it. DYOR stands for Do Your Own Research and is a common phrase used http://chalzamin.com/news/index.php_route=account/return/index.php_route=account/return/index.php_route=account/return/index.php_route=account/return/index.php_route=account/return/index.php_route=account/return/index.php_route=account/return/phone/news/news/phone.html by cryptocurrency enthusiasts. However, the acronym is not a piece of advice exclusive to the cryptocurrency ecosystem. It is commonly used throughout the internet due to how fast and easily misinformation can spread. Earth’s temperature has not only increased, but continues to increase without any relief in sight.

How to Do Your Own Research

We introduce people to the world of trading currencies, both fiat and crypto, through our non-drowsy educational content and tools. We’re also a community of traders that support each other on our daily trading journey. A crypto hedge fund trading firm started by FTX exchange founder and former CEO Sam Bankman-Fried that was known for making huge bets on other crypto companies and businesses. Alamada Research was at the heart of the FTX liquidity crisis that resulted in both FTX and Alameda filing for Chapter 11 bankruptcy in November of 2022. A former math nerd and Standford University graduate, Ellison would go on to run billion-dollar cryptocurrency hedge fund Alameda Research as CEO. Recruited by Sam Bankman-Fried, Ellison was a member of the core team that ran both Alameda Research and FTX, the world’s 5th largest cryptocurrency and derivatives exchange before its Chapter 11 bankruptcy filing in November 2022.

Use Your Library Card — Or Get One

So long as my inquiry is sufficiently dogmatic—sufficiently exploratory—I stand to gain some understanding while retaining knowledge. On some views, understanding is insulated from the factors that prevent justified true beliefs from amounting to knowledge (Hills, 2015; Pritchard, 2009). Suppose malicious pranksters subtly scramble every article about climate science on a website to make them incoherent.

There are multiple options for research at the libraries in your community. Anything from a public library to the local universities, community colleges, and even some specialized libraries will offer access to their online databases, which are much more easily updated than printed publications. These databases, like PubMed and Web of Science, will include medical papers announcing findings on studies that have been done outside the political arena, before the findings might have been used to decide policy. If the answer is you yourself are an expert or appealing to expert testimony, I’m afraid that’s just begging the question. The consensus is likely incomplete and it’s open to challenge, but it’s very unlikely to be completely overturned.

How to Do Your Own Research

Cryptocurrencies, and topics related to cryptocurrencies, can get very technical and be complex to understand. You can use books, magazines, and databases to find research material. You can also do surveys, make observations, and conduct interviews. If you’re after opinions, a questionnaire is the best and most efficient way of collecting data, but it might not be particularly applicable to your topic. Non-profits (websites that end in .org) can also be good sources of opinions.

Stock research: 4 key steps to evaluate any stock

The following steps outline a simple and effective strategy for writing a research paper. Depending on your familiarity with the topic and the challenges you encounter along the way, you may need to rearrange these steps. When I’m trying to determine if a source is reliable, I use several sources – not one – because like science, conclusions should be replicable. My three “go to” sites are Ad Fontes , All Sides, and Media Bias/Fact Check.

It may also appear on the relevant CoinMarketCap or CoinGecko page. You might be wondering how exactly you can access this data – this is where blockchain explorers like Etherscan come in. Every crypto project, token or platform has a smart contract at its base. Since smart contracts are blockchain-based instruments, all of their key data is recorded and available for you to inspect. Overall, Australia stands as the 15th most crypto-ready country in the world, tied with the Netherlands.

Experts may be hampered by their dependency on the conspirators. Some experts, for example, depend on ongoing access to official sources for their work, and will be unwilling to go out on a limb, on a mere hunch, if that threatens their access. Others will be mindful of their reputations and how they can be smeared with the accusation ‘conspiracy theorist’. Moreover, when evidence has been hidden or obscured, a non-expert might just happen to be in the right place to detect it; whistleblowers play a valuable social role.

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