Bitcoin Forum

I always hear about people making these insane profits from crypto by investing on release. But how exactly do you find legit ones from the fakes? I was told there are mostly purely fakes.

Any advice is appreciated.

There is no hard data for determining a future good project. What one can do is if the project satisfies some certain criteria, you can hop on aboard and hope they don't exit scam or rug pull along the way

The thing you should understand is that most of the coins users make such profits from are more or less 'lottery'/pump and dump coins, what that means is that as you have your eyes solely on the profits you heard others made from some of them, you should understand that they are also very risky, and the time you made the purchase also matters a lot, if you buy some of this coins when they just pumped, they could dump sooner or later, leaving you with losses to cope with, thinking of just 'insane profits' basically means you just want to get rich quick, and it does not always go as planned.

Having said that, Bitcoin as an investment can produce a considerably high amount of ROI, but it's mostly in the long run, it's not a pump and dump coin and you can be sure that your funds would not just plunge into oblivion, since it's more or less impossible to handpick the next lottery coin out of the many scam ones, just go for a long term project like Bitcoin.

Maybe those people didn't get their profits with ICOs but they're making a profit from just trading and holding. ICOs are not that viable anymore and that's why it's not too trendy today. But with the trend like those meme coins, they're riding the hype and making a lot of profits from it.
Also it's a strategy to hold and they're selling at profit and that's how they make money. But if you look into projects, non-ico, you look to the whitepaper and the developers of it.

Watch the threads in this forum https://bitcointalk.org/index.php?board=159.0

Most of the ICO team that wants funds for their project usually post in this part of the forum. Once upon a time, every ICO announcement in the forum receives funds more than enough for the project to move on. times changed though so it all depends now on the kind of project, their plans, and the team. Investors today now prefer the IDO, not sure but I've seen many users discussed it here.

It's really disappointing to hear those feedbacks which relates to fake investment firms who claims to be legit, same with previous years that cryptocurrency had gone so trendy. Several ICO have taken all people's money and hardwork and yet didn't get rewards and profit after all sorts of effort. Indeed those were all fake, scam, fraudulent or whatsoever you call it. My only advice for those who planned investing their savings on a certain coin, don't get fooled on new ones bur rather take advantage on the top performing asset on popular exchange like binance.

If they got lucky from these meme coins. But sooner or later, a lot will get burned from investing on these meme projects.
Since most of them have no use case, they are only here as pump and dump coins or tokens.
Today, it is quite hard to find potential projects. Better look for existing projects like ETH.
Even legit projects can turn out as crap projects later on. It depends on how the dev team can deliver their objectives.
It is better to look for projects that have existing use case already and crypto users are already using it.

These are good signs to spot and legit ICO, but it doesn't mean they will not turn into scams.  If you have a plan, just stick to them and watch them closely especially their community because there are a lot of discussions there and updates that give information qucikly.

That's the reason I stopped investing and participating in ICO projects because most of them are turned into scams.  Just focus on Bitcoin investment and for sure you will never regret it if you are a long-term holder.  There's a better ROI ahead when the price goes up.

or now, I never consider joining an ICO, this is an old way and this is very risky.
Every time, we will find out so many shit projects that are new, with their sometimes very interesting concepts, but means nothing and impossible.
And moreover about the new hype token or coin projects, never only put your trust in them and get some investment in them because of hype.
I believe that you can find out some criteria why a good project here and shit projects there, this forum can give more.
And about to avoid the shit projects. I personally will prefer to choose the project by analyzing their WP, real team and its experience, concept, community, and also their roadmap. however, I will also prefer to choose them if they do some launchpad or IEO on the trusted and reputable exchanges.
 

Many people says then that if you want to find a good ICO it must have an active community, a good roadmap, a good whitepaper perhaps, a good devs and best people around the project. In 2017 i have been joining ICO's and i can say that before there are ICO's that are legit and now they are still in active with their projects, not as good as before but you can still gain profits from their projects. But now it is hard to determine the legit ICO's from a scam one, there are a lot of coins now that have been in the market, for only purpose is to pump and dump.

Most of the fake ones has impossible product to introduced and has copied whitepaper. The thing is that, those legit projects has a good objective with useful products in the market.

And with the help of those websites that gives feedbacks whether the project should be taken consideration or to ignore. Those top ones are usually the ones who gives massive profits.

Well you really have to go to social media and see what's going on.

But the thing is, it's mostly shills, so yeah, you can jump in and join the fun, but it's not that easy to make insane money specially if you are a new comer. Those that are telling you that they are earning good amount of money have either part of a pump and dump group or involved with the project itself. So obviously, they are going to promote it anywhere to get some noise. So just be careful.

Its easy to differentiate if you look carefully within their website, team social site or even their team. Usually team that has legit project doesnt have a shady account or you can say a fake one. Also try to dig deepr like try to make or ask them present themselve to video or call them personally. Real people wouldnt be scare to show themselve to public and you can identify them perfectly.

Scientifically, it's a long process. You can find any info from social media and telegram, mouth to mouth, or other specific sources. After that, do your own research (some great projects must fulfill some of the criteria) and please be reminded that a great whitepaper or good roadmap or even real-life use case and utility merely, don't guarantee that those projects will be successful, not doing rug pull or scam or whatever it's called. Sometimes, meme coins or unuseful projects can be hyped by some people and bring profits. Yes, the crypto world is crazy. Then, all back to luck. Yeah, if you're lucky, you'll find that kind of project that can give you multiple times of profits. So, just keep going and pray.

Check Scam Accusation first before trying to dive into the water. If not, try to investigate it by yourself. Being skeptical about something would help save you, your wallet and even your sanity.
About the profitability, sometimes sales would help you because you would be able to buy a lot of tokens, but remember that if it is a scam, your tokens aren't worth anything.

launchpad binance, I always buy when there is a new project there. the average project that is there always gives a big ROI. this is very profitable even when the market is not too good though. other than there I'm not too interested in investing. I'm hesitant to invest anywhere else, other than launchpad Binance. I've tried investing in IDOs or IEOs on other exchanges, but the results weren't very good.

Frankly speaking, it is so hard to determine whether the project you are going to support and invest money with will not do an exit scam or maybe just die a natural death because it is just lousy or the team is not good enough to propel it to higher ground. So in other words, this can just be hit and miss kind of thing. This is the reason why I am not gonna risk my money with new projects. Now, if you really have good amount of money, then the best way to do is to find new projects that are already supported by well-known investment groups - for sure they did the adequate vetting before they risk their funds.

On this day it's very hard to find the good one in ICO. I prefer to put my money into binance launchpad because it will be more safe to invest from binance. My advice if you want to invest money on ICO, you need to know everything about that project (TEAM, partnership, product and many more).

Only those that don't know how to avoid further losses and don't know how to check projects and coins are the ones that will get burned. But with these pump and dump experts and riders, they won't be burned and it's mostly profit on their side no matter what the market situation is and what projects they've seen that are good to buy. They will have that technique as long as there will be those projects that are being hyped by popular people. I agree about buying and investing in the better coins such as Ethereum and other top usual coins.

Well there are lots of ICOs out there, but you have to be very careful with them, so many of them are scam and you’re going to end up wasting your time because of them. So, try to avoid these ones by going through the right source.

Even at that you still have to be able to understand the projects that are likely to be successful and the ones that are not going to be, and avoid them on time. Maybe you can make use of Coinmarket when you’re looking for airdrops and things like that, there are also other websites that you can make use of and you will be able to find lots of really good ICOs.

I admit that it is not easy to find a good ICO, because as we all know, most of the ICOs currently circulating are scams. Therefore, in conducting
research, we must be careful not to miss the slightest thing. Because the current scam project is very close to real projects. But if we do our
research properly, should be able to find out which ICOs are good for investment. And don't forget to look for information related to ICOs and
new projects from trusted sources, so that the information we get is valid.

If we are talking about ICOs, for example, for earning a bounty, then I find them on the forum. Or, for example, through familiar fellow bountists. It takes a lot of time to study and analyze the platform. And even then all this does not guarantee one hundred percent hit on a promising project.

I never managed to find a good ICO. it's for a bounty campaign or an ICO investment.
I failed at ICO once and I don't do it again. it is now becoming more attractive to trade assets that will be listed on major exchanges like binance. I followed the hype and when it was profitable it immediately came out. it's not so great to follow the hype but I benefit from what I do.

There are some people who specialize in this or who consider themselves experts, but it's risky, plus there are releases all the time and you'll need a filter to determine the right project. It's amazing that there are still people who want to invest in ICOs, probably if you do a search you will find a project already launched that has the same characteristics that you will be looking for in ICO. Anyway, DYOR and this is priceless and more reliable.

i think choosing a good project is a difficult thing because nowadays many new projects are popping up. choosing a good project can be seen from the team that handles it, many teams are already known to be good at handling projects and I think it's good if we want to invest in it. but before investing into it we must really research it well in order to get a profit. don't forget to keep abreast of the progress of the projects that are followed. choosing a good ICO also requires experience because if our experience is mature then we can also make wise decisions.

To make really good profit you need to know about good projects very early. As soon as the first news starts circulating that people have made a lot of profit with Project XX, the ship has sailed, at least if you want to make short-term profits. If you prefer long-term investments, you can invest a little later, even if some people have already made x10 or more with a project. Of course, this statement doesn't apply to all the meme coins, because 99% of them are dead again after a few weeks.
So where to get those information? I personally would not trust any influencers on social media. Most of the time they just shill the tokens that they own themself to dump on their poor audience. I am part of a pre-sale group for almost a year now and after a while, you will notice that certain members often give good tips and are often right with their predictions, while others only want to shill their own coins. As soon as you notice someone like that, you can follow their tips.

Sadly, I've to disagree with almost everyone in this forum. There are no more markets for what is "legit". Good these days just means "will make money" and that's almost got nothing to do with whether the project is legit or not.

Take it from me, ICO veteran. Burned by projects that had ALL the hallmarks and still scammed. Invested in legit projects that lost all their money. And then watched as scam projects made money (EOS cough haha).

But first you need to know about fake and legitimate projects, including;
- The team they have has an unclear background
- Whitepaper plagiarized from another project
- View their sales
- Not transparent when providing information about the projects they have
maybe with this you will be more aware of the project is real or fake

Most ICO projects are currently being scammed their reliability is much lower although the market showed a good position in the beginning it is fleeing due to scams so investors are suffering a lot the best way to find a good ICO project is to market yourself. If you can analyze the market well you will be able to learn something new and it will be easier to select ICO projects you can learn a lot about the managers.

The ICO is only filled with evidence of evaporation and has stopped growing, a land of zombies and devoid of human life, some good considerations can also only get a low value project back but compare it to the market level, our resources and capabilities are working too much below optimal, don't try to show your bravery and do something special with the ICO, we are not rich guys with too much money to do such crazy hobbies, many other games have better scores as they are full of life and breath of money

Hey mate it's very difficult to identify or analyse a good projects which is very profitable. I advise you to invest only good reputed centralized exchanges launched projects like Binance and Kucoin listing projects.

I think OP is talking about those crazy doge meme token!

same question for me, where do they get the news of the launching of those tokens!

It easy to  pump 10x or 100x for a new meme token if you buy from beginning these days!

ICO?
Well, I am not interested anymore in an ICO.
However, it may be referring to the general projects for now, like DeFi and others using the IEO.
When a new project is coming, we, as investors or other participants will think about how the project givess us the products, clear explanation, and also, of course, the real roadmap, without any delay and delay like other shit projects. And this is what I really hate from ICO, delaying listing after the ICO ends a year later and then the project never lists the token.
That is why, when the tokens are listed on certain good exchanges, that is what the project may be good to see later.

When we can get good team management, communication community and whitepaper,then we consider it a good projects but all time above mentioned issue don't show a project good . If a project arrange it's IEO on a good exchange then it would be a good project.

It is difficult to find a good ico in bitcointalk. It is now popular on various ico platforms, only by purchasing his platform tokens can you be eligible to participate in ico

Never heard of such platforms, where you first have to buy their tokens (what for) to be able to participate in ICO. Can you name some? This looks like some kind of cheating to me, to be able to buy something you must first buy something else. Or I just dont understand how the platform works.

Previously, I looked for new and promising projects running ICOs on https://icobench.com/ or https://icorating.com/. But they have sold their reputation for money, when accusation of paid review and rating appeared in the internet.

actually, a good project can be seen from the quality of the project itself, it can be from the team that handles it or the purpose of the project. if the project is good then many investors will also invest and that is what makes the project successful. Of course, that's what many people expect with great results. Besides that, luck can also happen, so you have to be smart in choosing a good project. but if we can't choose well then the risk is also big, we can get big losses too. So stay careful and don't rush into making a decision.

..And 100x loss of money when the dump happens. :)
Launching of tokens are mostly here in the forum. You can see it in the Announcement board it Altcoin section.

Like I said before, it's impossible to tell anymore with projects so you're right. You have now to assume that every new offering has to be pump and dump because well, very few of them have any good reason to raise money.

Serious developers build. Pump projects raise. It's actually quite helpful to teach newbies that.

Sad but if you are not careful you'll end up losing a  lot. But for those who wanted to learn more the announcement section will help. If you are seeking for projects that have good potentials reading those information and try to go deeper by participating with the social channels that those teams have.

You can see how they are working if you follow their social media accounts, most of the time the team updates usng their social media channels to inform thir supporters, any positive updates may affects the value of the token, make sure to keep yourself updated.

There is no definite way to determine it all, but we can see in terms of developer promotions, the progress that has been made, if we talk about ICOs it all depends on how someone analyzes an investment, because it is the same as conventional investment where we see someone starting a project and we only become donator who will get value from our donation / investment.

You will find it here in Bitcointalk, in the announcement section, or here https://www.dapp.com/dapps/ if you are looking for a decentralized application, there are many new projects coming up, if you want to find a good one, you must know how to do proper research so you can find the right project, unfortunately, there are a lot of bad projects to good ones.

ICO project could analized based on some important point, and some of them mentioned. the most important is what is the function why project should launched, did they have important utility for crypto market or for their own ecosystem. Most of project now have useless uility and looks like it used for formality only.

Yes, because projects that have good whitepapers, transparent teams, and professional websites can also turn into scams, because whitepapers and teams can also be faked and even almost identical to the original, if not faked, project sales success must also be calculated to what extent.

Yes, everything you said is very important to know in every new ICO project, because many ICO developers in the past only took money from investors and everything they put together in the project was just a formality.

indeed it is quite difficult to analyze and determine if the project is really legit and potential, which is why op opened this thread. although it is difficult, but if we are willing to take the risk and get the right project then we will get quite a large profit as an early investor. ico is not quite popular right now, but there are sales models that are currently busy like IDO. I often look for quite legit projects from telegram https://t.me/ico_analytic

all have risks, whether old or new projects. so choose which one you think is the easiest to manage the loss. Thus you can determine anticipatory steps.

Yes, I've heard that a lot too. However it could be said to be due to luck. Usually the new projects that give a lot of profit are those that open up funding through Polkastarter, Coinlist, Binance and several other popular platforms. But to join in the funding is very difficult, because you have to fight with others or hope to win the lottery.

Most of the times,  just following up on the latest in cryptocurrency is enough to get you information and insight you need to make informed decision about investing in New or old projects. Bitcointalk is another legit Platform where most cryptocurrency projects is access,  analysed and talked about!

I agree with your point of view.  Bitcointalk is the starting point for all the “good enough” projects to showcase their strengths.  This place is like a crypto cradle, you have the freedom to promote, discuss and communicate the good features of a public project.  Most of the sites promoting ICOs have their own fakes, listing ANN on BTT is almost a stepping stone for a good project to spread.  Basically, this community is good enough and selective

My experience in choosing projects both ICO, IEO, and others for quality is not completely guaranteed but many choices and choices all depend on us, meaning that if we follow it does not waste energy and time, the first thing I pay attention to is who is handling it, if the manager has Having a track record that I always follow let alone supported by an audit team like certik, I believe the project has a good chance to progress and develop.

You should know well the management team behind it, and one of the most important success factors for an ICO or cryptocurrency is the development and administration team behind the project.
and for that because many fraudsters use fake profiles or biographies in the development team for their projects, try checking documents (whitepapers) and so on related to ICOs, actually there are many ways to find out whether an ICO is a scam or not depending on your intelligence in judging and search for information carefully.

It is a big risk to invest in ICO/IDO/IEO we already know there have been a lot of scams like this and many teams have taken investors' money away therefore I will not guarantee a successful return it will even be lower than what was invested.

Even though we have done some research on their background and projects as well as with the documents that have been read it will not guarantee because no one knows whether this will be successful or not so this is a big risk, if you don't want to lose big then it's better to avoid it than to force

But on the contrary, even if the project is successful beyond expectations, the returns can be more than 10x.

My experience is suggesting you avoid ICO, at least until the last quarter this year. I think even now the success rate is 25-35 percent. Maybe you think that I'm not confident on ICO. Why would you like to invest in the new ICO when we have a huge opportunity to invest in old coins? ICO investment is good when old coin prices are overvalued.

most ICOs are scam, besides who is still chasing ICOS?

for you to have a vague idea of how to choose a project first start by researching who the team members are, then ask if they are competent to deliver what they are promising this is the first step. second step you need to read the whitepaper and make sure it is not plagiarized. third step research which are the competing projects and what the project you want to invest has to be better than the competing projects. fifth step analyze what is the usefulness of the market projection. sixth step go in and watch the telegram channel, if you have a lot of very active members Is a good sign that at least the price could go up even if the altcoin is some shitcoin

The market is repeating iteself, earlier it was known as ICO, now you can call it IDO, DEX market where scams are prevalent and mostly new users gets scammed, NFT etc, we will see more rehashes of the old scams and represents as new ones. Since there is no way you can get rid of scammers, all you can do is to avoid getting scammed.

The ICO were great in the beginning and now we cannot hear about them and there are many hyped up projects coming out in different names and i see them literally as pump and dump market.

     I do not know how you got those numbers but in what I can deduce in all the years of being in this industry, the percentage is much worse than that. On the good side though, it is getting better as this industry along with all the people within it get more mature. Now, while I agree that investing on ICOs is not that good of an idea, I am not entirely going against investing on ICOs. But only if you are well aware of the things that you need to look out for. This is because even with such great risks, investing on good ICOs actually does give a huge amount of profit potential. I hope OP would be smart enough to make the right decision that is appropriate for the knowledge about this industry that he currently has.

Expecting that there would be other names that would pop out and just become a new trend and after the hype is gone then we would see another one and the cycle would continue.

This turns out to be a typical thing because this market does have lots of money grabbers.Taking some opportunity to steal of investors money, im not generalizing at all

since there are projects which are really worth of and have real utility but basing with ratio then most of them are shit.So i dont care too much on this one.

Don't get fooled by those gossips, some get big rewards by investing shitcoins during the bullish season but many were dumb to lose their money because of blindness.

Honestly, to find a good ICO nowadays is 50/50, that gonna be challenging for sure and if we can make a deep search on a particular project that we plan to invest in, I'm afraid they will just invest for nothing.

The good advice for you is to look for a project that already has a working product, that gonna be our assurance that it will survive.

There are currently a large number of digital currency projects. How to find reliable projects is indeed very difficult.

You can consider from the following aspects, maybe it will help you a bit

• 1.Read the white paper carefully, understand the concept and future vision of the project, and read the economic model of the project carefully. Whether there is better development space and potential.
• 2.As much as possible to learn about the founding team members, whether they have the genes and experience of the encrypted digital currency industry, this is very important, the investment project is actually investing in the founding team.
• 3.To understand his code from the code open source platform, you can search on GITHUP. Simple plagiarism is always annoying.Security is an important part of a new project. When looking at the project, there are audit reports issued by a relatively well-known security audit company.
• 4.There is also a very simple way to choose, that is, choose authoritative media in the encrypted digital currency industry, such as COINDESK, U TODAY, BITCOIN MAGAZINE, etc., choose the top digital currency projects to invest, other altcoins, MEME coins Don't participate. You will be relatively safe

Inevitably, the necessary tuition fees will be paid as we grow up.

DYOR,
everything in this market is only considered as theory and without practical experience you will never understand it.
You may have heard somewhere that people have made up to x100 profits from participating in projects they still call GEMS. I do not deny that it is good or not, in general it is all up to you, don't depend too much on anything, learn to control everything from yourself.

all such sites, which provide an assessment of a new project can be paid to provide a high value for the project. never trust a site like that.
I suggest just believe in your abilities. deepen knowledge and skills. indirectly when we choose a project we can get a good analysis.