DYOR is great advice. but where do you start?

Everyday I hear the refrain of: DO YOUR OWN RESEARCH! It has become almost a stick used to beat the newbie with. Unfortunately, just commenting DYOR repeatedly doesn't help someone who doesn't know where to start. So here goes....

1. Start with the basics

Before you start investing in cryptocurrencies, it's essential to understand what they are and how they work. Research the technology behind cryptocurrencies, the history of their development, and the various types of cryptocurrencies available. This will give you a solid foundation of knowledge to build upon as you delve deeper into specific coins and projects.

1. Read whitepapers

Whitepapers are essential documents that provide detailed information about a particular cryptocurrency project. They usually include information about the technology, team, roadmap, and use cases for the project. Reading the whitepaper can give you a good understanding of the project's goals, strengths, and weaknesses.

1. Check out the team

A cryptocurrency project's team is crucial to its success. Check out the team's background and experience in the industry. Are they experts in their field? Have they worked on other successful projects in the past? Do they have a solid track record? The team's experience and expertise can give you an idea of how likely the project is to succeed.

1. Look for partnerships and collaborations

Partnerships and collaborations can be a good indicator of a cryptocurrency project's legitimacy and potential. Look for partnerships with established companies in the industry or collaborations with other well-respected cryptocurrency projects. This can help you gauge the project's credibility and the potential for growth.

1. Keep an eye on the community

The cryptocurrency community can be an excellent resource for information and insights into specific projects. Check out forums, social media, and other online communities to see what people are saying about the project you're interested in. Pay attention to both positive and negative feedback and use it to make an informed decision.

1. Consider the market

Finally, it's essential to consider the market when investing in cryptocurrencies. Take a look at the market capitalization, trading volume, and price history of the cryptocurrency you're interested in. Consider the potential for growth and volatility in the market and use this information to determine whether the investment is right for you.

1. Ask questions

I know you will probably get pummeled with snarky responses, but asking questions in this sub can be useful! Ignore the assholes, and if you get good advice, do your own damn research before you take it :)