Bitcoin Forum

what makes you trust a company in this industry?

Have a research about a certain company or you can have also the freedom to read the company's whitepaper firsthand. But having a whitepaper doesn't mean a company would more likely to be successfu.

Nothing. Never trust anybody but your family and close friends. A company couldn't care less about you, they are just going to stick with you while it is profitable, but they will trick you whenever they can.

if you mean a third party.. treat them like someone that walks passed you on the street.. would you seriously hand them your savings /income without knowing them?

if your talking about a company. do due diligence. check out their company registration details then google map/streetview their address. make sure it does not lead to a po box/drop box/virtual mailbox address..

in short if you cant find enough information to slap them with a wet fish/court order should they do you wrong. dont trade with them.

even then be careful. after all butterfly labs had company registration details and an office, and product papers and business plans etc, yet they still ended up being scammy, same with MTGox

most people dont trust third parties/internet companies with anything more then the customer is willing to lose. most people only trade/spend amounts that can equate to some disposable income amount of a evening takeout meal, that wont hurt much if lost

Generally Real company have support team with physical place  + after sell services some also have bank account or paypal

I don't trust companies.
However I trust and have faith in certain individuals (developers, representatives) who have shown since many years that they want to progress Bitcoin together with the whole community, it's users and who are not just interested in personal profits like a few companies and their CEOs.

I usually read people`s reviews about some online company.
The bad thing is that real customer reviews are mixed with fake reviews saying "Wow,this is the best online service!"Trusted companies have some sort of license and they abide by the laws in their jurisdiction.
The other bad thing is that even a legit company can sooner or later turn into a scam,if the owner becomes greedy.

I do not really believe in this, they do not know me and I do not know him so I came when profitable and I went when it harmed me. I just believe in my god and family. besides that almost everything ever deceived me so i came if they give a profit

I trust company on how are they treat the employers and on how they render their services in proper way. It is hard to trust companies right now due to some issues. So sometimes i would rather trust to myself than others.

The trust in the crypto world is harder because transactions are irreversible, If you make it, there is no going back. It's better to do your home work about the company then try them. At this point, It's the same services that are popping up (exchanges or mixers etc.) so why use a new service in the first place If nothing better is offered such as low fees etc and If you are skeptical, just wait sometime and see reviews and feedback from users, It really doesn't worth risking your money.

Making a trust to this industry is hard, it needs a lot of time and effort. The company must be transparent, they should inform their clients the status of the company, the background of the people behind the company. A very good review and scrutinized post from this forum. A good communication between them and good services provided by the company.

I dont. Why would i ?

Even if there is a whitepaper, it doesn't really mean that they are somewhat labeled as "trusted" nor a scam project. Either way, I suggest to look up the reputation of the company and the behind it i.e. if they make themselves public. For me, most likely I would trust them if they made relevant information public which can be used to file a case if they somehow did something wrong; in other words, assurance.

You didn't mentioned that which type of companies you are talking about. If you are referring to companies that owns altcoins, exchanges and wallets than it is quite hard to find out which company is trustworthy, so we have to go through some research about that company. I mostly check the legal entity of companies and their whitepaper, i also go through the reviews of the people working there or having any link with the company.

There are a lot of factors to be considered when it comes to assessing a company. But in stocks, I am choosing a company depending on it's performance against it's major competitors. In an industry, you can determine who the competitors are if you will compared that the products you offer and your target market are the same. And if you already determined the competitors, the more detailed information will be compared liked the income, sales, number of stores etc. And what will make me trust the company if it outplays the competitors in general.

I don't trust the company easily. I try to do research about them, their scheme, their business growth, their historical background, their feed-backs and reviews about their business offers. I also verify their reputation in the market by personally visiting their office and meeting the company representative or executive officer and knowing about them in detail. I always prefer to seek help from my family members or my friends, rather than company's executive or other people to trust the company.

I just go with the established ones and do my own research about them. I generally don't try out multiple stuff because I'm somewhat paranoid when it comes to security. I only use Electrum as my wallet, just one exchange, etc.

I don't!

of course trust is such a general word in my opinion. you can't just say you trust or don't trust someone. it has degrees. for example I trust the exchanges I use so much that I make a deposit and trade on their platform (for a time that I am trading) and I don't trust them at the same time that I withdraw when I am done trading or make a profit or want to stay away from the market....
the same goes for any other third party service that I use. we sometimes have to use them because we don't have any other choice but you always try and minimize the risks as much as you can.

Try to research about the company as much as possible look at their backgroung and look at some feedback from other people if that company did good. I know it's hard to trust some company so easily . Just a piece of advice trust yourself in choosing a company and it will come out better

Bitcoin market is too dangerous. You can't trust anyone blindfold due to anonymity of Bitcoins. Person may take your money in one moment and disappear the other moment.
So to trust websites, you must ascertain them on the scale of trustworthiness or credibility. Due to nonavailability of any regulating body, it is your personal understanding which could save you. Also it depends upon which type of website you using. If you using website which gives you specific pre-determined return, ignore it with all your senses as sooner or later, it will turn scam. IF you using exchanges and wallets, access them how trustworthy are they. Bitcointalk is great source of evaluation. Visit 'Service Announcement' section and you will get honest review on all websites.

I trust a company that does not delay our benefits and salary. A company that gives you freedom to do the best that you can do while meeting the company's goal and growing yourself consequently. Trusting yourself to a company that makes you feel comfortable. Most importantly, you trust a company as much as you trust yourself that you are capable and fit to work for that company. Trust is something that gives you hope to become better.

The quality and commitment of the team behind it, the intelligence behind the concept and the level of effort put behind the whole project.

First thing to do if you're going to invest to a certain company, you need to do some research about that company. You should first know its background if its good or not. Also, you will know it if you will not try it. Try investing first a small amount of money and wait for some time. When the time comes that you realize you can trust that company, its your time to invest a large amount of money.

I wonder if I trust companies today is their true goal. If they show what we should see. And the things we should know about them. They should be liable for the trust if they provide all the information people should invest in their companies.

You shouldn't separate this industry to the other ones!  Every place you can see that there are scammers and other companies that stick and create their value throughout the years. To trust a company, you should read their mission, aim and objectives and if you have got any issue you should contact them and see how frank and friendly they are!  If you are really interested in a service you will have questions that demand answers, that sometimes scammers won't be able to give to you!

Promotion is the matter to start any business to push it forward to all set of people which can be reach to all and it should be useful to all set of people. If that kind of product or services has been started then it will be easily promotable to them.
Until you use the product or service how you can find the reviews to check it up. Hence, you can grow your business in a better by marketing it first.

Research. It's hard to trust anyone in this business but if a company has a huge userbase and many many refers (which are actually valid), you could start small and work with them.

If you were able to recognize the Scam immediately you are not scams. This is Amateurs. The fraud professional it is impossible to determine. Never think that you are smarter than everyone else. If I suspect that I will never participate in the company without the recommendation of those people whom I trust. But 100% there is no guarantee.

This is a good question though. For me it is not really on the trusting part. I believe that in this forum companies are trustable but the people in here were not. Well most of them are not. Because in this type of community we are working as anonymous as possible.

What makes you nOt?
With ears to see and eyes to hear (song title)
The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn, and relearn – Alvin Toffle
Blockchain is fearsome because this industry can change the whole system of the world and this is just the beginning. Its not just that i trust this industry. I just can't find a reason to not believe in it.

Good question. In so many coins, token I am involved right now, i would definitely should ask myself that question more often than i do now.

But honestly if I give you a fast answer, i would say i trust no one. I am more like neutral about that.

Following daily threads, seeking how community is active and then i decide. So far so good.

Bitcoin become grower that even better then before so many company may interest on bitcoin potential.
As I'm ever read that Amazon and Microsoft already aware of cryptocurrency existence so because of their recognition , more people around the world try to trust bitcoin

I believe in the future it would be easy to trust people online without anyone knowing them. Trust is obviously the problem we have now.
To solve this problem we need to understand what makes people to trust traditional companies and find a way to replicate them in virtual World.
* Physical location is one of the main reasons, others would be,
* License from govt,
* Brand's popularity,
* Good costumer services,
* Company's track record &
 * Some sort of funds from companies that act as insurance for customers incase the companies run away with people money.
So you can pretty much solve the virtual world trust issues If you can figure out how to replicate those on the Internet even without anybody (not even the govt) knowing a company.



Most Companies will be existing in Virtual World anyway. Would you stop them from doing so if they are unable to obtain licenses from their governments whereas you can request for some kind of credible/reliable proofs that only exist online?


 

Join their telegram slack group and see if the team engage the community or ignore them. Check out the website to find out about the team members and read the white paper to understand better on what the company is doing.

I usually read people`s reviews about some online company.I do not really believe in this, they do not know me and I do not know him so I came when profitable and I went when it harmed me. I just believe in my god and family. besides that almost everything ever deceived me so i came if they give a profit The trust in the crypto world is harder because transactions are irreversible, If you make it, there is no going back. It's better to do your home work about the company then try them.

I usually read the white paper and check the reviews about the company. I also do join the telegram so I am always updated on what is really happening in that said company. These are the basic things i do before I fully trust in the company.

Don't trust any of them. Lots of sites play the "long con". That is, they try to build up a good reputation in order to lure people in, and once everyone is singing their praises, that's when they abscond with all your money.

That was how it went down with MtGox and Cryptsy - people kept praising MtGox because they knew who the owner was, and the exchange had survived and been reliable for about four years, which is an eternity. But they were reliable till the moment they were not. Those people who were paranoid and moved coins off the exchange as soon as they had bought them were safe. Those who trusted them and kept money on the exchanges lost the lot.

Trust on company that has reputation. You can read the whitepaper of the company you want to join. Trust also the company who prioritize their customer and treat their customer as their asset. Always be extra careful on selecting company nowadays. There are lot of fraud companies out there. Seek experts if you have any doubts.

To be honest it is very difficult to trust easily. But if you have in this industry that they will achive success in the near future. Trust your guts and it is normal in the business is to take risk. We will not be successful if we dont risk our life and money. So overall i trust thr company.

I trust the company based on their company profile and its agreement that makes them worthy enough to be trusted upon.Trusting company is too risky so I take every safety measures I can do.I need article and learned passed on the experience.

Companies which have proven times without number that they are trustworthy are the companies which I trust in this industry. They show you by their products and services that they are the real deal and that makes it easier to trust them