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Don't rely on others doing the research for you when investing, most of the time those people also rely on someone else and the faults a coin has gets overlooked

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by COINS NEWS 94 Views

Most of the people buy coins based off of what other people think or say about the coin, whether it's on Twitter, YouTube or even here on Reddit.

What ends up happening is even if there is some fault you wouldn't want to see in a coin that you're investing, it gets overlooked when everyone keeps mentioning the coin and others keep investing without even doing any research.

One of those examples I remember is LUNA, it was a coin that was going against the bear market last year and was one of the most talked about coins here, but upon doing a simple research, you could see how the Algorithmic Stablecoin idea isn't the best.

Whenever a coin has such faults, it will be overlooked when people mention it, as most of the time people care about the price and mean that more than the tech behind the coin.

So it's better to do the research for yourself and to not just throw your money in anything blindly, especially if it's a lot money you're investing.

submitted by /u/Elie0_0
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