Bitcoin Forum

How far is it safe to invest in new crypto currencies, I mean what factors to look in them?

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Currently, many ICO projects are scam. You should check carefully on a project development team is the best.

Ex, Kyper network have the contribution of Vitalik Buterin.

 There are some much different advices and opinions. How do you check all these projects, guys? I just found Omega One and Confideal. Last should be interesting due to usual people orientation.  I was a big fun of red pulse but by now its too sad.  :D

99 percent of ICOs are scams primarily because of the amount of money they raise. They arent worth the millions of dollars they are raising when a venture capitalist wouldnt even give them a couple hundred thousand. The majority arent good idea and are going to fail.

There is no way to know good ICOs, some good ones have already been abandoned by their dev teams. Some used their raised money and went for vacations. If you have money to invest just go ahead and  pray it hits exchanges so you can make  at least your capital back. ICOs are now being abused.

This right here, and if the ICO's aren't an outright scam they're simply just something that MAY seem good at the time but it's just going to end up being a shitcoin with no use other theen filling the pockets of the core team of 'developers' who premined / instamined the shit out of the coin in the start of it.


This as well, if they really wanted to make some money with their idea they'd go to the people with the money and the massive business connections.

Avoid ALL ICOS

A lot of ICOs are scams so you have to be more careful when joining ICOs. Personally one of the factors that i consider when joining ICOs is if the manager is very respective then there’s a chance that ICOs are surely legit but of course you still have to make your study regarding on the project.

If you are a newbie, avoid them like the plague. There is no point in taking such undue risks when you are just starting out. The better approach would be to buy bitcoins, put them in cold storage and watch the value appreciate.

many factors and always at risk. but I think it requires knowledge and experience. you will know if you have the knowledge and experience. you will determine what steps you will take. so I think you only need to learn about ico.

what did you think is the best way to check if an ICO could be trustable?

There really isn't one.  If someone is soliciting investments, then they should be situated in a good jurisdiction that has good investor laws and they should be registered to the securities regulator, have a prospectus/whitepaper, etc.  its all a grey area now.

as prospectus you mean the road map or a sort of brochure about the project/token?

the reality is that 9/10 startups fails... and another 9/10 will fail in next five years.
And we are talking about people who don't want SCAM YOU but want make something.
When we add to all amout of scam in ICO people who don't give a shit after ICO to investor then man...
Investing in ICO is extremly riski if you invest not gamble for flip.

Dont do this mate, you are probably going to lose your money if you invest in one of those models.
A lot of ico's are only raising money to prepare for the fork on october, so they can get free bitcoingold after the fork is done, the same happened on August.
take care of your bitcoins, ethereums, and all the cryptos you have, because nowadays's founders are so greedy and they want your bitcoins at all costs.
It is better to invest in some coins that are already listed on some trustable exchanges.

well a whitepaper can be considered similar to a prospectus.  A real prospectus is what you have for a proper and legal investment, like buying a bond, etc.  To be somewhat legal, any ICO would have to solicit investments by accredited investors (rich people) only, and not the general public.  but its such a grey area, its hard to know what is what.

You should move this thread to Altcoin discussion section

Certain things to look for, if you are interested in ICO investments:
- Don't look for those which are either using big percentages of their distributable coins in Airdrops and/or some referral schemes (like Authorship did, that's my personal experience, and the worst one).
- Check the legitimacy of owners as well as the project, try to find someone who lives at the places these guys are from (hopefully social media could help) and ask them if they could help verify that for you (one of the toughest tasks).
- Look that they have hard cap because such ICOs with a stop are reliable.
- Try to find as much information about their future plans as possible, and don't fall for bigger discounts because I feel that those big-discount ICOs are just trying to allure you with their schemes and they are actually selling their tokens at the rates they "really" need to work out and/or scam away.

This is great advice. Anyone looking at ICO's should do their homework before they buy. You're investing money into something, don't get scammed or conned.

If you are going to invest in an new ICO, firstly make sure that the ICO is real because many of the ICOs are fake or scam,this is the one of the main reasons why China banned ICOs.I think that investing in ICOs are hard as many of them are just scam, to raise bitcoins for the fork and some of ICOs which are legitimate are not that good coins so making profits not of ICOs is a bit of a hardwork as to find a good legit coin.And dont fall for the scam coins.

I always look at some points.
1. Project proposal.
2. Team that compooen the project. I always look at the references of the people who are part of the team.
3. Bonus campaign like signature, translation and others.
4. I always see if there are many people interested in the project (by the number of comments, by the rank of people, etc.)
5. Never throw yourself in a single ICO because the fall can be very large. All care and little when looking for new investments.

every person should have some point that are significant for them in choosing ICO.
significant points for me  - 1.Team and it background, 2.Timeline of projects a clearly and easily to understand, 3. Have partnership with fonds or organizations, 4.in WP there is information abt amount of money to each stage, 5. Good support in social media, and good customer service in official resources. For this reason I choose Confi, https://icobench.com/ico/confideal. Good reputation of project and team, good rating also. and now they have bounty campaign

It's not good to me. Because it is often scam due to more investment. They will give an enthusiastic capitalist even thousands of them.
It's not going to be a good number of numbers and is going to fail.

all things can be a reference to your knowledge. however the most important factor is your experience and knowledge. if you want to get involved, try to learn more thoroughly from all aspects of ico that you will follow.

There are so many altcoins to choose from, growing ICO pipeline is making that a bigger problem! You need to first come up with your risk appetite keeping your long term goals in mind. Most ICO's are bound to fail but some that survive will provide investors great returns in the mid to long term. While none of us have a crystal ball, it is imperative investors do most their own research, look at alternative data-sets that can help model risk investing in specific ICO's. At Securecoin Capital, we believe our proprietary understanding of an ICO's visible/invisible cybersecurity hygiene is one such data-set :) LEARN MORE @ http://securecoin.capital/cryptohygiene

We have now graded ~100 ICO's that started in the month of October. You can review these grades across 3 updates available to our members OR follow us on Twitter to get ad-hoc updates (https://twitter.com/currencycapital)

https://s9capital.com/2017oct9
https://s9capital.com/2017oct12
https://s9capital.com/2017oct21

Oct 21 update contains grades for...

Fiinu (https://fiinu.com)
Oyster (https://oyster.ws)
Secure Identity Ledger (https://secureidentityledger.com)
FOS (https://www.fos.ai)
Pally (https://www.pally.co)
Quantstamp (https://quantstamp.com)
Verif-y (https://www.verif-y.io)
Wireline Fund (https://www.wireline.io/#/)
Wyrify (http://wyrify.com)
Alloy (https://alloy.rewards.network)
Blockv (https://blockv.io)
Divi Project (https://diviproject.org)
Eros (https://eroscoin.org)
Exhasta (https://exhasta.com)
Gameflip (https://gameflip.com)
Hydrominer (https://www.hydrominer.org)
Kryptopy (https://www.kryptopy.com)
Lucyd (https://lucyd.co)

Sign up as a member and submit ICO's you would like us to grade for you!

I can't blame people talking so hard about ICO's. We see a new scam evolve every day. We see tokens price drop significantly after they enter an exchange.

But at the same time, it doesn't mean that this wont change. We are expecting to see great projects, projects that will be developed and are not in it for a quick buck.

The problem is that you have to find them, and believe them from the start, otherwise you will loose the train...

If you want to participate in an ICO you should look more deeply about the project. Whether it's from his team and future plans of the project. On this day the number of ICO continues to rise but you should be careful choosing the ICO. A good ICO is many of people who are interested and then participate in it.

Check their background and the people behind the coin. Also look at their plan of action as well as their business plan. Make sure you do as much research as possible, as well as asking around but remember to always do your own research first.