People just don´t wanna learn ....  |
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New portion  |
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Last 2 days I bought for about some cheap coins and it went down for about 5% or something and I decided to sell. And now, I am at full regret that all of those coins are now up for about 20%. My lesson for that is to be patient since the market was down for some day and it will always go back up.
OMG, you are a hero member, and regretting about 5% in cryptoworld??? Come on man, this is nothing, I will understand if you sold and the next day it was pumped by 2000%, but your statement is ridiculous.. |
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This one is not funny, but I liked it  |
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My recent that correlates with our new token giveaway  Hey crypto-buddies,
I decided to create checklist for scam ICO´s
100% profitability - Guaranteed yield: any funds, ICO projects and investment platforms, that promise a stable interest are likely to be scammers. These are, as a rule, projects of cloud mining, casinos and projects related to binary options, as well as those where the sale of tokens is carried out according to the principles of net marketing: existing investors attract new ones. And, of course, the pyramids, in which old customers receive payments from the contributions of new customers, until the pyramid bursts ...
Celebrities: musicians, athletes, actors who can not know anything about the blockchain and the cryptowrold, and even more to be the guarantors of the fact that this is not a scam, seems exactly the opposite.. Celebrities are used to distract investors from the essence of the project, which is most likely dummy.
Team analysis - It is suspicious that a project team can not be found in social networks or when team members are not connected with each other.
Unintelligible concept - to check the concept you need to study white paper – document, where described the idea of the project and the purpose of raising money. In 90% of cases, scammers compile several documents, and the originals can be easily found in the Internet.
Structure of project costs - If 10% of the investments are reserved for team, 10% will require development, and for marketing will go 80%, then this is a guarantee of the scam. It is also strange if there is no plan for future "monetization" of the project, also a bad signal if there is noticed a lack of investors protection.
Token description - If it has less than two-three functions and it can be replaced by any other altcoin or bitcoin, then this is another bad signal.If the token is not integrated into the project economy, then probably its purpose is simply collecting money. While choosing a coin, you must first think about its use - who and why will buy and use this coin. The second - about the problems that this coin solves. If it does not have these signs - do not invest.
Project Code - It should be uploaded on GitHub and a simple research in the Internet can check the code for plagiat. If the project does not have a link to GitHub or topics on the Bitcointalk, it's a reason to think twice.
Legal structure - should be described in details and easily understandable (at least about the persons issuing tokens)
Investor´s rights -The rights of investors and their guarantees should be described.
The issue of tokens should be within reasonable limits and controlled |
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I actually liked reading your post, and I think you made some good points. I don't want to repeat what you said, so I will just focus on those that I consider to be crucial for the discussion. I also believe that BTC liquidity is very small right now, and it's price is easily manipulated. I also agree that most people don't really understand what BTC is, and it's purpose or true potential are, and got into it just because of the it's price rising. Of course those guys, that are not aware of the fundamentals behind bitcoin, panic sell to often, and then start spreading bad words about bitcoin, and that it's a bubble or a pyramid scheme.
Bitcoin has real usability, but it needs adoption. Lightning network will open the doors for adoption, but true education about what bitcoin is, must take place. This is an open source project, and anyone can use it. So my hopes are, that big companies that will not buy bitcoin based on it's price, will probably do the trick here. They will probably see that BTC has a use case, and that it could be a good thing for them, to avoid high bank and Visa fees for example. If services that accept bitcoin are offered, people will start using it, and see that it's a quite convenient payment method. With that adoption might follow. Once adoption grows, the liquidity will rise, and price manipulation will be harder to do.
This will take a lot of time though, but it is possible.
Thank you, man! I highly appreciate your opinion. And yeah, you are right concerning the problem of poorly educated people, but I believe that every day there are more and more people that become familiar with bitcoin and cryptoworld. I think that we can also improve the situation by spreading a knowledge about blockchain to common people. But everyone should do their job, developers should try to make soft more usable, because they are an "engine of progress". Sales managers should implement it to business world. But the idea of decentralization is so simple and so cool that even regular people can understand it(my favorite example are torrents). And at least bitcoin will always be cryptogold, wich maybe be not really usable in common life(nowadays), but it always could stay as guarantee. |
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Great article about ICOs, i also always look out for a it's clear and realizable road map working product, if there is no working product for the ICO, i never invest on that ICO.
Thank you. You are right when there is a beta version of application for example or prototype of product, and clear roadmap with well written points its a good sign. |
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I want to invest in some ICO and I think this information is very helpful so that I do not get caught in a failure.
but if you can ask for advice, which ICO will promise for the future? Oh, man. Nowadays it such difficult question. As for me I see perspective in AI and medical related ICO´s, but only because I´m really interested in this topics. You should check firstly the rate of the ICO (4.3 at least), on icobench for example, check the team, read the whitepaper and try to understand. Check how many they reserved for marketing and bounties also. But still it cannot guarantee anything. My last investment was in Dropil, it had high rates and gathered its hardcap. Try to divide risks investing in 3-5 different ICO´s. Take a look at ImmVRse, ARROUND, ZeroState and TruGame. |
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Hey crypto-buddies,
I decided to create checklist for scam ICO´s
100% profitability - Guaranteed yield: any funds, ICO projects and investment platforms, that promise a stable interest are likely to be scammers. These are, as a rule, projects of cloud mining, casinos and projects related to binary options, as well as those where the sale of tokens is carried out according to the principles of net marketing: existing investors attract new ones. And, of course, the pyramids, in which old customers receive payments from the contributions of new customers, until the pyramid bursts ...
Celebrities: musicians, athletes, actors who can not know anything about the blockchain and the cryptowrold, and even more to be the guarantors of the fact that this is not a scam, seems exactly the opposite.. Celebrities are used to distract investors from the essence of the project, which is most likely dummy.
Team analysis - It is suspicious that a project team can not be found in social networks or when team members are not connected with each other.
Unintelligible concept - to check the concept you need to study white paper – document, where described the idea of the project and the purpose of raising money. In 90% of cases, scammers compile several documents, and the originals can be easily found in the Internet.
Structure of project costs - If 10% of the investments are reserved for team, 10% will require development, and for marketing will go 80%, then this is a guarantee of the scam. It is also strange if there is no plan for future "monetization" of the project, also a bad signal if there is noticed a lack of investors protection.
Token description - If it has less than two-three functions and it can be replaced by any other altcoin or bitcoin, then this is another bad signal.If the token is not integrated into the project economy, then probably its purpose is simply collecting money. While choosing a coin, you must first think about its use - who and why will buy and use this coin. The second - about the problems that this coin solves. If it does not have these signs - do not invest.
Project Code - It should be uploaded on GitHub and a simple research in the Internet can check the code for plagiat. If the project does not have a link to GitHub or topics on the Bitcointalk, it's a reason to think twice.
Legal structure - should be described in details and easily understandable (at least about the persons issuing tokens)
Investor´s rights -The rights of investors and their guarantees should be described.
The issue of tokens should be within reasonable limits and controlled
UPD: TOGETHER WE CAN CREATE LIST OF SCAM ICO'S, YOUR THOUGHTS ?
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