It’s a dangerous habit to only read things that strengthen your own beliefs while dismissing everything else as wrong

I believe in cryptocurrency long-term as something that will revolutionize the world’s financial and governance systems, and that there is no better time than right now to become part of that future. However, it will continue to face adoption challenges until the public sees the technology for more than just a ticket to get rich quick.

That is my belief after doing my own research and experiencing the products of this space for myself. However, it wasn’t easy trying to see both the for and against arguments fairly. It was instead very easy to get drawn to signs that say everything will just go up from here. And that’s a problem when people are told to DYOR. If you’re bullish and are only reading bullish news and opinions, without challenging your thinking with some bearish views, that’s not DYOR, that’s just strengthening your own confirmation bias. The same can be said for bearish individuals.

Therefore, when DYOR, try to actively seek out the arguments going against your beliefs, before placing both on a scale to weigh them out. The few skeptical posts in massive echo chambers such as crypto subreddits matter. And if you feel that there is too much optimism or pessimism going around, that’s a sign that things are off-balance, and taking a few steps back is recommended.

Thank you for reading!