Bitcoin Forum

Again I'm looking for an European project , Project name is "HEIDICOIN" .  in my experience  This project is quite attractive project than other projects . What i mean by "attractive" is
 

• Website
• Whitepaper
• Roadmap (so far, they have done according to the roadmap ) 
• Registered company in switzerland
• Team members
• Business Model and Revenue Model

So, I analyzed for 3 weeks about this project and i couldn't find a bug ..  and they have on CMC as well (token price is in between for last 3 months 20$-50$)
And what i want to know from you is ,
[Their TRADING BEGINS NOVEMBER 1, 2020 ON COINSBIT.IO]

should i  invest for this project on this november?

COINSBIT.IO is a good one for invest money?

Do you trust registered companies in switzerland?

Forget website and whitepaper, I don't fall for designs and logos anymore, they are very dangerous misleading tools, even roadmap is still not interesting to me anymore because that's future thing, I will go with Team Members and Business Model, the oy thing that makes a project so attractive is the team, the utility and partners

About the register thing well I used to believe in this in the past but not anymore, been registered doesn't guarantee that the project will be up forever, In crypto space nothing is certain, Coinsbit isn't bad but we know it's a new exchange and they have a long way to go, another thing I don't like here is limited listing, why Coinsbit only? The 24hrs trading volume is too low

Don't go by the attractiveness or the gimmicks that are in the website or how fast the website loads or how intuitive the website is.

Read through the white paper find out the token economics , see if it solves a existing problem.that needs solving.
See if the problem will exist in a couple of years time.

I can't find "HEIDICOIN" but I found this https://coinmarketcap.com/currencies/heidi/ Is it the same? If so, don't rely on CMC listing in making your decision. Price data comes from unheard exchanges and information on volume is also questionable https://coinmarketcap.com/currencies/heidi/historical-data/

Most of these projects are attractive in the beginning and they will present you all the good stuffs but when it comes down to the real work, 90% of them don't deliver. Failed partnerships, inferior products, unable to increase user base, are some of the things these projects end up with.

Having said all that, that's up to you if you want to take the risk of investing this early. From what has happened in the ICO days, I would rather wait and check back on them after one or two years.

You meant this Coinstbit?

• COINSBIT.IO SCAM EXCHANGE + PONZI SCHEME !!! (https://bitcointalk.org/index.php?topic=5195285.0)
• BEWARE: Coinsbit Scammers Create Their Own Investbox (Yobit style) (https://bitcointalk.org/index.php?topic=5232300.0)

Need I say more? If you want other cases, go to the scam accusation board and type coinsbit in the search box.

I don't know the regulation over there. Maybe they're strict but it doesn't matter much where they are located.

---

By the way, kudos for doing your basic research.

Of course attraactive projects is people chances to invest to the project but be careful because mostly that project is hiding something.
Don't look to their promises of what you are it's better for you to do a research and find the true color of that project because we need to be careful because now a days a lot of scam project is still happening to the crypto world research and discover to their purposes will save your money and high chance to earn.

Websites and whitepapers sometimes don't guarantee a project is a real good one. And I agree that for the team, products and tokenomics are important, including the business model. Because from previous experience, there are so many whitepapers and websites that are very interesting. But the reality is not as expected and there are even dead projects.

That's why we can't say that the new propose project were good project by just looking of its logo. But for me by reading the whitepaper of one project you can already analyze some specific points that the project wanted to impose and at the same some of us know how to read between the lines of a white and can surely utter if it is scam or not good for investments. But amongst all, the team behind who work for the project was the key for the success  of a project.

Yes, way back in 2018 I invested in some attractive projects, and only to found out they are nothing. They even got listed on the CMC and even top gainers in CMC for a couple of weeks. Due to that, I was expecting it to get so much more from it but I was wrong I got lots of losses after that. And what more sad is that I can see the CEO of that project very active on Facebook now trying to show to the people how good his life is (Lol)...

What's the difference where the company is registered? Now, by proxy, you can register a company anywhere in the world and not even come to this country.
A friend of mine from Russia registered a company in London, although he was not there. It took several weeks.
Good projects find the initial investment themselves. I would definitely not invest there if I was not personally acquainted with the project team.

For me before I invest into an attractive projects I usually make a deeper research about it because attractive projects at first it usually presents a good and catchy things so that it can caught the attention of many people who wants to invest. Where in fact websites and its whitepapers sometimes do not guarantee if the project is legit as states. So thus the investor sometimes rely on it and later mislead so before investing into said attractive project make a depth search about it before getting in.

Exactly because in this part Money cannot be a material to make it real,WhitePaper,Website and roadmap can be done using funds to mislead people.

But Team?yeah they can fake it but still we know how to find it legit and faker and also Busines Model .
Attraction wasn't indeed if you are a true and knowledgeable Investors because we cannot be lured just by their looks and appearance .

It is the Team that in the back of every project is what i am relying for before investing.

If you conduct a proper analysis and prove the credibility of the project, then you should consider it in investing. But if not, then you should seek for additional resources, excluding the white paper, as it can be deceptive. Don't base your investment decision on it, as there are diverse circumstances where a project imitate the white paper of another project.

Based on some topics regarding that exchange in Scam Accusations, I will suggest not to invest. But the decision is up to you, you may consider checking this review about that exchange.

Link:
It depends, since even some companies are registered they still manage to commit frauds. So, if you want to make a quick investment decision, then examine and measure the risk.

In 2017 I often invested in several interesting projects in my opinion, DENT SONM GLA and several other interesting ICOs. I looked more at who their developer members were and what the concept was like, then the whitepaper and roadmap, after that we looked at their opportunities and how much investment they had gotten. As for the current project I would rather be careful, take a look at the developers and their locations. make sure there is nothing suspicious and after that you must know how many funds they need and how much investment funds they have gotten, current projects often fail because of the lack of investors and scam developers.

Let the team be your first priority mate, team can fake their experience but it will be revealed in a very short period of time, I have a friend who knows how to ask good questions from the team, something very useful, this can reveal their real aims, many project team aren't crypto experts, they just want to make money is all.

Unfortunately, they conducted Airdrop and requested particpants to join in the pre sales before they can claim their token. also the team behind a project goes a long way on how the project will last. the community is also another aspect to consider. how lively is the team and community. i also consider activities on github and website before i make my final conclusion.

I have done it before the so-called (attractive projects) during the ICO crazed in 2017-2018, and it was ended up nothing, But I admired your own little way to minimize the risk by doing some researched about the project before you decide to invest, but sometimes shit still happen no matter how we prepared by doing our own research about the project, in your case "Hiedicoin" is the project that you want to invest, base on your findings I think its good, But what I've noticed is that the first exchange Hiedicoin will be listed? CoinsBit I think with that part I have nothing to say.  

If you can't find some project that is managed by refutable managers, You really need to carefully check that information because nowadays people that wanted to scam investors, had already known how to make it look real and legit. Roadmaps and Whitepapers are only crops, you really need to know how a real project works and to learn from the people who got scam by those pretenders.

Those things you listed there are basic thing that everyone knows that a project should have and that does not indicate that the project will be successful and worth investing in. If you go to marketplace sections, you will see that many team always come here to recruit people to write whitepaper and even create smart contract for them. If you want to invest, you need to watch closely how serious the team are with the project because a solid team are the backbone of any project. You need to pay attention to total token supply and the price. Most of the time, I invest in project that are not developed by faceless people. I also check if a project is legitimately registered in a particular business if they claim to have physical address. These are part of the thing you need to watch for in a project

The case to case study has  stated this project as scam one. I guess few members has already mentioned the articles for this so there is no need stretch it any further.

Moreover, it is completely wrong to correlate the project to its website, whitepaper, ICO's and what not! Do you know why? Because all of this can now be made in detail and one can show any third class project as supreme one in the current market. I am not sure where to start but gone those golden days of ICO where one could just enter any project and earn handsome rewards in turn to it.

Better off keep trying the current on-going projects and enter into them when they are in the bearish zone.

Just because it looks pretty doesn't mean that it will be pretty, it is not about how it looks from the outside, it all depends on how it makes you feel from inside, that is why I do not really believe that people should be getting involved without really knowing more about the teams than the actual written contracts.

You look at a project and it looks amazing but you get into telegram or discord or whatever they are using and you meet with first smaller staff, like mods of telegram channel or similar things and in the end that ends up with people seeing that project not being great if that staff is not doing a good job, or even if they end up doing decent then there is the deal with higher ups having to explain and network very well, I would say look at the team before anything else.

In many cases, this aspect of attractive features has tend to mislead a lot of people into investing in bad projects. Some team are good in building attractive websites and writing attractive whitepapers as well but when it comes down to the main thing which is the use case, they are found wanting and might possibly exit scam. So in my own opinion, look beyond what you are seeing and focus on the team and their idea alone, there is partners fine and better, focus on them too. Then secondly, ask good questions relating to the usefulness of the project and monitor the response of the team as well as their answers to the question, this will help a lot. The reason of the question is, most team nowadays are good in copying other project's ideas.

To be honest, I do not see anything different or interesting in this coin because these things are already offered by most coins so unless they do something different they xannot get the required attention.

I dont know if you do just simply shilling out HEIDCOIN or what but to answer up these questions;

-Investing decision will always vary into oneself and if you do find out such project to be interesting then this would end up into your own jurisdiction.

-Do you mean its safe to deposit on this platform?
Take a look with these threads and decide for yourself.
https://bitcointalk.org/index.php?topic=5195285.0
https://bitcointalk.org/index.php?topic=5207994.0
https://bitcointalk.org/index.php?topic=5192497.0

-Based on switzerland to be trusted? Not all the times.Always verify everything.

These are not only the basis of what we called market assurance. yeah, They are attractive because they wan't people to get attracted but we need to know what is behind that certain project which is hard to indentify at first.

Listed at Coinsbit.io? You are making yourself at risk, probably you near to lose your money if you invest this project that has been listed to a scammy exchanges. Stay away from it.

Mate, it is not we never trusted those companies that listed in Switzerland, only a thing we need to know if that is legit or not. In fact, we can also distrust others that are listed in other country if the same aura with seen.

Good thing you did a research before making a question but I dont think this project is a gem in the long run. Most projects looks good at first in all aspect but the true purpose can only be found as time goes by.

Well based on this it looks shady and not trusted so be careful investing.

Everything can be managed. A website, whitepaper, and all related things can be attractive but may be misleading. I think Along with these things, you should know things like, since how many days project is working, are developments getting done as per road map? how is their presence on social media? is it regular or not so often?  and so on. Only time can decide if it's worth investing or not. So from my point of view, you should wait some more time.

Yeah, coinsbit has it's share of accusations so that itself looks questionable to me. Of course, when we see a project, that first thing we notice is what the OP mentions, and seems attractive. But most projects  do looks legit in the first, however, this is not a formula for success or not to be a scam. Chances are those people behind have some trick of their own, specially right now that we are in the bull run already, they will do everything to get our hard earn money, so be careful.

I think what makes it interesting to invest is the usefulness and benefits of the project for the long term or being listed on a major exchange. I think the website, whitepaper, team, registered company can be manipulated

I will not focused too much in graphic and these kind of stuff since you're not trying to buy a "brand" but most of times you're focused on innovation that a token could bring.
Choosing a new project it's a mixing of several factors, and isn't easy at all make any decision, since any project could fail for a lot of reason.
Roadmap could help to understand how they want organize their work for the upcoming months/years.
Milestones allow to track easily what they have achieved, and if they are on track.
Whitepaper could provide a good overview about the final product, but as I have already said, the final "value" it's just a mixing of several factors.

With all the factors that we need to check about the project, in my opinion, the important one is if they will have working platform after all these whitepaper, roadmap, plans that they provided to the community. Because a lot of them are good in planning but the actual implementation is poor. Or they can have a very comprehensive whitepaper, and yet they fail to realize those objectives. So for me, if they have active platform with users, I guess that's one good signal that they can survive amidst the tough competition in crypto market.

I'm not early into such kind of investments. With ICO used to look for the listing on the exchanges. This will get me the choice making based on the growth achieved out of listing. With IEO used to buy from the popular launchpad, which gives assured price increase and the profit can be made in fee days time. Now its DEFI, I prefer following the same thing with ICO and IEO. Rather than investing earlier and profiting big, a little delay could cause small loss in profit but it is much trusted.

Its up to you mate if you want to invest your money on that project. But if you are seeking an advice, i think you need to dig a deep research about the project, you highlights some good  points about the website, whitepaper, roadmaps... etc..and it seems that this is attractive to you but i think thats not enough, you need to analyze the project success rate, remember community support is very important. So look at the feedback of community about the project, observe, analyze and make a judgement.

Website?? Whitepaper?? Roadmap?? Many project in the past also have good websites, good wallpapers and a good roadmap.
They are attractive like you said but what happened after they got the money they want, they will just exit and let the coin be a dead coin.

TBH, investing in this new coin must be at your own risk. I can say here that "Invest all of your money into this coin because it is attractive like you said" and some will say that "This might be another scam project, beware". No idea in the exchange though as I'm not trading other than in Binance.

If the business is truly registered, then that's a sign that they are not a scam.
Okay, it's good that they are registered and legit, but what about whether the project is going to be successful?

That's another thing to keep in mind; the kind of project it is and whether this is something that's going to work. And that brings us to the team, you should look through the team and their past experience,since it's a verified team, they will probably have their social media accounts, you can go through them and get to digging for more info about them to know what they have really been into and whether they can handle this project and make it successful.

I invested 1 month ago and trade and i got 76% profit., If you are a trader this coin is a good one for short terms...

I once joined a project that is registered in Singapore.
Guess what? They still end up bankrupt.
If it ain't scam it will be bankrupt. (their own term of a scam)  ;D

It's not that I am being pessimistic here. Just try to be more careful.
Team members is a big factor. Better get their real names if you are going big investing with them.
That way you will have proofs when you sue them if everything goes sideways.
Exchange listing is a bit off but it can be repaired.

I hope your word of 'attractive' isn't talking about a project website design, the definition of attractive is different in crypto space and many people fall in love with crypto projects for different reasons like designs, logos, utilities, team but I will be strict, I don't fall in love with any crypto project, I'm here to make money out of them so I'm in for a short ride. If a project as no professional team and good use case it's a big no for someone like me.

OP is making it look like singapore crypto projects are pure and legit projects, that's not so right, I remember airwallet and bluenote, they are both singapore crypto projects and they are dead already, bluenote team dumped on investors and lied that they knew nothing about the dump.

Attractive website design, whitepaper, team composition, etc. all of this has nothing to do with the project's legitimacy because a lot of projects who had run from their investors had all of this and all of this can be faked and paid for by the team to attract investors. Also, add where the project is listed, if there's a scam accusation on it, it adds a red flag as a good investment. I admire you conducting your preliminary research and posting it here to ask for a second opinion. The decision is all up to you, but consider what most people had suggested here in your thread.

I am not telling you wheater you invest in it or not, But from the exchange that it is going to be traded, I wouldn't think so If it was me, It is the first time I hear the name of that project, never been in that exchange either, I know what would happen when you deposit money in scammy exchanges and don't wanna try it again, whether it is a shilling post or you are really looking for advice, I wouldn't do it if it was me, there are so much better projects out there with bigger backers.

Coinsbit ruin the show to me, why that exchange? Any project that find it hard to go after popular exchanges (top exchanges) it's a big no for me, nothing can beat high volumes and liquidity, this shows how demanding the project is. What makes a project so attractive to investors is the use case and the credibility of the team.

Yes I invested back in 2018 but due to being impulsive I lose instead of earning profit.
It was only one time and I got excited since one of my friends got a huge profit from it so I also tried it out and sadly I bought at peak price.

You mean about it, I came across this project but I haven't found it as appealing as you mentioned. But this is the problem as the project you are talking about is trading on consbit. And as everyone has said about the consbit, you shouldn't participate in that exchange.


AND I WANT TO TELL YOU THAT HEIDI IS HARD TO SUCCESS FROM THE THINGS YOU TOLD.

What can you say makes a project attractive? In my own aspect it might be level of expertise and seriousness the team displays, in another person's aspect it might be the exchange the project is listed on and in another person's aspect, it might be the use case within the project. Each of this aspects, have something backing it up, when you talk about the seriousness of a team this will be seen in their working product and to crown it all, if the project is now listed on a good exchange. I succeeded in combining the three different cases or aspects to form what I believe is an attractive project; website or whitepaper do not constitute a good and attractive project, roadmap matters too but most team can change or even delay their roadmap at will, therefore defeating the purpose it was created. Nevertheless, about this particular project I do not know much about it and do not judge it because of location as it doesn't matter, rather judge it depending on the team's expertise, exchange and use case.

We have our own interpretation based on what we have read, search and understanding what HEIDI has. Some may find it attractive and easily being attached to this and some were not. And yet, i am one of the unattracted person to HEIDI, well its not because a new project were attractive does it mean that it is a good project. Though every project has a worth but few were really great project. Perhaps, ee have our own insights towards this project.

Sounds interesting if we look at the way they have designed the website and company registration but at the same time it's too risky to invest in a project just because of it's GUI, I would suggest you not to invest into any projects which prefer some new or not known exchange to list their projects because even if the project is good but still the exchanges with but trading will kill the project.

Nowadays anyone can register company virtually so don't go by the country of registeration, I would suggest you to filter the opinions you have received in this post and then do further research of key factors highlighted here.

I think he's going to figure it out for himself on that project, being honest with the process of dealing with projects like this is really a very bad thing in this market. You and I have probably gone through many such projects. We have even better options for such projects, have a good day for you.