Research: the important aspect of finance

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One of those things that makes investment reliable is the research you did before investing your time and money. Most people don't like doing the work of research, we want someone to be the brain or do the work for us. Some people know how to make research but they won't do it because they are looking for someone to blame when everything goes wrong.

Doing our research does not guarantee that the outcomes will be good because we might think a project is good but might be too complex for the world at large to understand which makes it very hard for the project to be successful. Not all good project becomes successful. Doing our research on a project gives us an edge and helps in decision-making.

After finding a project one of the decisions we are to make is how much we want to invest in a certain project but with good research, we can easily know how much we to invest because it makes us understand the amount of risk we should be taking, whether to buy aggressively or buy with what we can afford to lose.

Sentiments

There is no known bad research because the more you the better we become but the main reason why research doesn't work for us is that most time we become so sentimental and this sentiment overclouds our judgment most times. We always know the truth we don't follow them even after the project might not last. We have so many blockchains that were released last year and people did not invest because it is a long-time project but some of these people invest because the game is interesting and for this many lost with them.

We have many people on Twitter that follow some account just for investment information and even if they do research on their own and see a coin to invest in but if the crypto influencer says not to invest for no reason they won't because they like the influencer and belief him more than their self.

But

We must make research and it should be part of our life but we invest in any project. We should always find time and stop making excuses, counting on another man might not help us because where he sees the success might be failure.

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8 comments
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Research is very important and it's also important to keep up to date with the updates/news on the projects. So it's way better to focus on just a few projects and make sure you know them well.

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Some people know the truth already, they do their research diligently but because they're after overnight wealth, they go for projects that promises them quick money on the surface.. if everyone was to follow true projects, hive would have been one of the topmost out there.

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Most people want quick money but little did they know that most of these fast-money project is not sustainable

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Haha, this is true, I know many guys who thinks the Only way to crypto is through yahoo

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50% of guys in Nigeria think link that sha

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I like how you point out how sentiment can cloud our judgement. It's so important to remain open-minded, critical and calm when making investment decisions.

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People take a lot of risk with their money and it always baffles me. Sometimes, people end up being scammed from some very basic things they could have easily spotted if they did very little due diligence.

Great post fren 🌟

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