DYOR = Do your own research. One of the most popular, and important acronyms used in the world of crypto. Here's why (and where to start)👇
” tend to panic when the market starts to dip and communal negativity increases. Without proper research, investors are more likely to sell their assets at a loss when they get influenced by negative market sentiment.
In addition, some tactics used by bad actors in the crypto space are designed to prey on inexperienced investors — or those who haven't conducted disciplined research.is an attempt by malicious actors to gain influence over a network through an onslaught of fake identities. This type of attack can apply to a few areas of crypto, but in this example, we'll focus on how it could sway investor decisions.
Fraudsters could create multiple social media accounts to discuss a project or asset. They would attempt to hype a project up by creating an illusion of community engagement and initiating discussions with real social media users. The discussion is then bolstered by the additional network of social media accounts under the bad actor's control. This can create a false impression that many people are excited about the project.