DYOR and FOMO: Two words that can make you rich or leave you bankrupt.
New to crypto? Then there are two terms you should mentally tattoo: DYOR and FOMO.
Let me explain in a simple and easy-to-understand way.
DYOR = Do Your Own Research
It is your shield against scams, against Twitter gurus, and against that friend who tells you, "invest in this, it's going to the moon."
DYOR means that no one will take care of your money like you do. Before putting in money, you need to read, compare, review the project, the team, the real use, the volume, the market sentiment… EVERYTHING.
Now comes the enemy:
FOMO = Fear Of Missing Out
That impulse that makes you buy when everyone else has already entered. It's when you see a coin exploding and say, "me too!" Serious mistake. That's where those who did DYOR sell, and you buy high.
The key to success lies between these two extremes. Those who win are not the fastest, they are the best informed.
Like if you've ever fallen for FOMO and learned the hard way.
Follow me if you're here to learn and avoid mistakes that have already cost others thousands.
⛔️🧠📉📈