Landical (OP)
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Activity: 11
Merit: 0
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May 18, 2017, 11:18:36 PM |
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Hi everyone, I'm pretty new to this new world of crypto. I dove in head first a few weeks ago, learning about cryptocurrencies and how they work, how the blockchain technology works, reading Nakamoto's Whitepaper. And being a computer science major its all really interesting to me. Deciding mining coins wasn't for me, I decided the best route for me would be to invest and make my money work for me since I'm single and in college and don't have anything to lose haha. After reading up on ICOs in the Announcements part of the altcoins subforum the main thing that I'm seeing when people ask for advice on whether to buy in on the coin or not is to "Do your research." Yesterday someone came into a Slack channel that I was in and was all, "This ICO starts in 5 minutes tell me why I should invest in this coin." And after people emploring him to read the Whitepaper, he says, "I don't have time to read, money is too valuable." Which made me chuckle. After doing some google-fu and youtube videos, this is what I was able to compile when doing research on what to look for before making a decision on investing in an ICO: Team - Open Identities with social media, videos explaining the ICO - Experience Whitepaper - Solution to existing problem presented in the details - No "water" sentences and is all essence - Economic sphere and market review with economic and market data - Includes code or technical details Business Idea - The idea can be implemented in reality - Detailed, well-thought out economic plan - Roadmap is adequate and logical - Do your own market research Competition - Existing players that don't use blockchain technology advantages - Competitors that are coming to market w/ blockchain tech - Ability to compete w/ a monopoly (e.g. Wikipedia) Working Prototype - Existing working prototype - Lots of finished work before IPO - Competitive product Token Characteristics - Supply characteristics - Are tokens being churned out after the IPO? Inflation? - Percentage distributed to investors vs. developers - 70% TO 80% is ideal - Does it have inner value? Better if token can be used inside of project. Look at - Idea Quality - Website Quality - Dev Team Quality - Direct social media to reach team members - What company is behind it - History - Team member experience - Company experience - Background - Solid roadmap - Make sure devs aren't previous scammers and the project is legit Red flags - Devs anonymous/unknown - No escrow wallet - Unrealistic/unclear goals - Lack of transparency, no work-in-progress - Don't release code snippets, demo/beta version of their product - No behind the scenes videos I would really appreciate anything you guys have to add and I look forward to learning from you guys during my time here.
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Bfljosh
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May 19, 2017, 12:16:24 AM |
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premine
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Chase
Legendary
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Activity: 1638
Merit: 1005
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May 19, 2017, 01:06:58 AM |
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Wow - I'm impressed! It is a rare sight on bitcointalk to see someone put that much 'business sense' into making an investment in cryptocurrency. Well done. Being a computer science major will definitely make things easier on you, but because all tech can be copied, it is important to look at it from other angles, including ease-of-use. No one should have to "read the whitepaper" to invest in one of these projects. You may have the capability to read it with complete understanding, but if the team can't relay their message in such a way that everyone can comprehend the basic idea, how will they (the team) be able to take it any farther? Whitepaper... yes, but there also needs to be helpful beginner level explanations so everyone can get a basic understanding of what they are investing in. If a leader speaks and only the computer science majors can understand what is being said, how are they going to convince the world they have a solution to problem XX? Or, is it just another flashy tech 'solution', looking for a problem? "Team member experience- Company experience - Background" Very important here is their experience before cryptocurrency, because they will need verifiable experience of the ability and drive required to operate on a global stage. An investment winner will have leadership that has a vast network of business connections. They will communicate in a way that makes everyone feel welcome, and have a solid business plan that is mapped out for years (though very few of the details will be made public - smart business). The "Do your own research" comment, is said in almost every post to someone who is new or asking for advice, as a way to warn people that Peanut Butter and Jam Coin isn't going to the moon, despite what the bagholders say. 90% of startups fail within the first 10 years. In cryptocurrency, I would venture to say less than 10% of all launches had any plans to do anything at all, meaning 90% of all launches can't even call themselves a startup.. That doesn't leave many success stories... Welcome to bitcointalk...
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Spoetnik
Legendary
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Activity: 1540
Merit: 1011
FUD Philanthropist™
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May 19, 2017, 01:26:18 AM |
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I'd say once you see how this all works it's just obvious.. no details needed. The issue is complication and confusion.. which helps shitcoin dev's. Lets start with.. a criteria.. GET ONE ! - What is an Altcoin and why are they being made ? Since you have nothing to lose as you said and the first thing you did was "jump in" investing and you apparently HAVE money to spare as a college student. I'd say you are leaning heavily to being a profiteer.. like all the rest here. I got here and fell victim to the rambblings of the Feathercoin team then moved to Litecoin permanently. I was lured into FTC because of the criteria you mentioned earlier. But back then there was only a few Altcoins and BTC had not hit $50 yet. Back then i'd guess there was 50 Altcoin in total.. including Tenebrix etc. So.. We simplify it all. The first thing we need is perspective.. You can not ignore the amount of coins created mounts in time. So you have to judge any new project on the fact it will be coin #3,203 etc. Is making #3,203 justified ? I'd say you need a better excuse than you do if it was coin #8. Then I'd look at the point of it (the excuse) Is it a currency ? Or is it a scheme of sorts tacked onto a block-chain ? Then you need to figure out what it's initial distribution is and what you deem acceptable. Such as Airdrops or ICO bullshit or varied levels of premines etc. And what of those you are willing to support. I could go on but it should be common sense really.. just don't let them all confuse you with White Papers and shill jargon etc. Things like the dev's identity being posted is 100% meaningless. Crypto is littered with an endless stream of "known" users who took the money and ran for it. Bottom Line:For me it's simple.. i am waiting to see if the Bitcoin Killer comes out. And if it does it will be blatant / obvious. There will not be any confusion or question or humming & hawing about it all. You'll just know.. So what is left.. you are lookin' at it and as you said you jumped right in (investing) So.. your investing in shitcoins So what are you REALLY asking ? Which pointless shitcoin is least risky FOR YOUR ROI'Z ? Revelations:The first thing that surprised me joining crypto was the morality confrontation. I didn't realize it was going to be such a tantamount aspect to all this. It's funny i assumed getting in it was all about tech & code etc.. digital stuff. Then seen trading with emotions and rampant back stabbing shady greedy shenanigans etc. So i am saying day 1 and for a while you need to establish what your moral stance is on this stuff is. And it will likely grow and change in time and maybe with age / maturity. (although some people are just criminals at heart) The one thing i noticed that slapped me across the face was.. It's easy for you and me to be a little bit shady and greedy. And in time i noticed the effects of this.. negative repercussions individually and as a whole. So I'm saying if we all trade blatantly shitty coins for profits.. just a little..it has a combined large cumulative negative effect.
This has been.. * Spoetnik's Hitch Hiker's Guide to Crypto *Bookmark it
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FUD first & ask questions later™
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Landical (OP)
Newbie
Offline
Activity: 11
Merit: 0
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May 19, 2017, 02:13:17 AM |
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Wow - I'm impressed! It is a rare sight on bitcointalk to see someone put that much 'business sense' into making an investment in cryptocurrency. Well done.
Thanks, I've always been interested in the stock market since my early teens. Playing little stock market simulators and whatnot, crypto felt like a better route to go when I found out about it. Although there's more volatility, the barrier to entry is lower.
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realistic1
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May 19, 2017, 05:15:37 AM |
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Most of this list is great though also some are irrelevant like the quality of the website etc..IMO
But you got to add two things, experience and instinct, gut reaction call it what you want. Cause a scam can do all these things and great projects fail in some of these tests, the only real way to know once you process the facts is this gut feeling, discernment etc. Usually you have opportunity to get this gut feeling from the developers behaviour and the feelings you get from them.
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realistic1
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May 19, 2017, 05:32:14 AM |
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I'd say once you see how this all works it's just obvious.. no details needed. The issue is complication and confusion.. which helps shitcoin dev's. Lets start with.. a criteria.. GET ONE ! - What is an Altcoin and why are they being made ? Since you have nothing to lose as you said and the first thing you did was "jump in" investing and you apparently HAVE money to spare as a college student. I'd say you are leaning heavily to being a profiteer.. like all the rest here. I got here and fell victim to the rambblings of the Feathercoin team then moved to Litecoin permanently. I was lured into FTC because of the criteria you mentioned earlier. But back then there was only a few Altcoins and BTC had not hit $50 yet. Back then i'd guess there was 50 Altcoin in total.. including Tenebrix etc. So.. We simplify it all. The first thing we need is perspective.. You can not ignore the amount of coins created mounts in time. So you have to judge any new project on the fact it will be coin #3,203 etc. Is making #3,203 justified ? I'd say you need a better excuse than you do if it was coin #8. Then I'd look at the point of it (the excuse) Is it a currency ? Or is it a scheme of sorts tacked onto a block-chain ? Then you need to figure out what it's initial distribution is and what you deem acceptable. Such as Airdrops or ICO bullshit or varied levels of premines etc. And what of those you are willing to support. I could go on but it should be common sense really.. just don't let them all confuse you with White Papers and shill jargon etc. Things like the dev's identity being posted is 100% meaningless. Crypto is littered with an endless stream of "known" users who took the money and ran for it. Bottom Line:For me it's simple.. i am waiting to see if the Bitcoin Killer comes out. And if it does it will be blatant / obvious. There will not be any confusion or question or humming & hawing about it all. You'll just know.. So what is left.. you are lookin' at it and as you said you jumped right in (investing) So.. your investing in shitcoins So what are you REALLY asking ? Which pointless shitcoin is least risky FOR YOUR ROI'Z ? Revelations:The first thing that surprised me joining crypto was the morality confrontation. I didn't realize it was going to be such a tantamount aspect to all this. It's funny i assumed getting in it was all about tech & code etc.. digital stuff. Then seen trading with emotions and rampant back stabbing shady greedy shenanigans etc. So i am saying day 1 and for a while you need to establish what your moral stance is on this stuff is. And it will likely grow and change in time and maybe with age / maturity. (although some people are just criminals at heart) The one thing i noticed that slapped me across the face was.. It's easy for you and me to be a little bit shady and greedy. And in time i noticed the effects of this.. negative repercussions individually and as a whole. So I'm saying if we all trade blatantly shitty coins for profits.. just a little..it has a combined large cumulative negative effect.
This has been.. * Spoetnik's Hitch Hiker's Guide to Crypto *Bookmark it I have some sympathy with your view of things but I don't believe in a Bitcoin killer but I do believe in a handful of coins supplementing known flaws in Bitcoin. I saw you dismiss XBY when it very simply solves the security issues crypto has but you dissmissed it as a shitcoin. So no I don't think you will know when your 'Bitcoin killer' comes because there never will be one. You should try to find the solution solving coins instead.
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JapieAmerika
Newbie
Offline
Activity: 38
Merit: 0
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May 19, 2017, 07:58:27 AM |
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Hi everyone, I'm pretty new to this new world of crypto. I dove in head first a few weeks ago, learning about cryptocurrencies and how they work, how the blockchain technology works, reading Nakamoto's Whitepaper. And being a computer science major its all really interesting to me. Deciding mining coins wasn't for me, I decided the best route for me would be to invest and make my money work for me since I'm single and in college and don't have anything to lose haha. After reading up on ICOs in the Announcements part of the altcoins subforum the main thing that I'm seeing when people ask for advice on whether to buy in on the coin or not is to "Do your research." Yesterday someone came into a Slack channel that I was in and was all, "This ICO starts in 5 minutes tell me why I should invest in this coin." And after people emploring him to read the Whitepaper, he says, "I don't have time to read, money is too valuable." Which made me chuckle. After doing some google-fu and youtube videos, this is what I was able to compile when doing research on what to look for before making a decision on investing in an ICO: Team - Open Identities with social media, videos explaining the ICO - Experience Whitepaper - Solution to existing problem presented in the details - No "water" sentences and is all essence - Economic sphere and market review with economic and market data - Includes code or technical details Business Idea - The idea can be implemented in reality - Detailed, well-thought out economic plan - Roadmap is adequate and logical - Do your own market research Competition - Existing players that don't use blockchain technology advantages - Competitors that are coming to market w/ blockchain tech - Ability to compete w/ a monopoly (e.g. Wikipedia) Working Prototype - Existing working prototype - Lots of finished work before IPO - Competitive product Token Characteristics - Supply characteristics - Are tokens being churned out after the IPO? Inflation? - Percentage distributed to investors vs. developers - 70% TO 80% is ideal - Does it have inner value? Better if token can be used inside of project. Look at - Idea Quality - Website Quality - Dev Team Quality - Direct social media to reach team members - What company is behind it - History - Team member experience - Company experience - Background - Solid roadmap - Make sure devs aren't previous scammers and the project is legit Red flags - Devs anonymous/unknown - No escrow wallet - Unrealistic/unclear goals - Lack of transparency, no work-in-progress - Don't release code snippets, demo/beta version of their product - No behind the scenes videos I would really appreciate anything you guys have to add and I look forward to learning from you guys during my time here. This is really a good summary of the investigation and research one has to do in order to enlighten yourself before jumping in to investing into a coin. Although I think a lot of people speculate on the short term (intra day) and therefore don't do this at all.
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JosNekoKopa
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May 19, 2017, 08:27:45 AM |
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Many times here i have seen good looking threads with very cool graphic, promises with very realistic goals. But it turned to be a scam. Simply amazing, you wrote simple guide and someone can use this as guidance and can scam you. There is no security, especially when team is anonymous. This is crypto and no guarantee.
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loreRex
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May 19, 2017, 08:41:05 AM |
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Nice list, even though realistically no ICO is going to give you all these positive features.
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the_weegie
Newbie
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Activity: 20
Merit: 0
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May 19, 2017, 09:30:46 AM |
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Great write up. Bookmarked for future use.
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realistic1
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May 19, 2017, 10:32:59 AM |
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Worth noting that Bitcoin would've failed almost all that list. Lol
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stefek99
Full Member
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Activity: 233
Merit: 102
https://genesis.re
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May 19, 2017, 10:33:31 AM |
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Github
• Commit history. • How many developers. • How many issues. • Documentation. • Are you able to run the code?
If non-technical person is able to run the code and read documentation it means they did a great job and are ready for wider adoption...
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alani123
Legendary
Offline
Activity: 2394
Merit: 1412
Leading Crypto Sports Betting & Casino Platform
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May 19, 2017, 10:39:17 AM |
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Github
• Commit history. • How many developers. • How many issues. • Documentation. • Are you able to run the code?
If non-technical person is able to run the code and read documentation it means they did a great job and are ready for wider adoption...
This. Open source culture is a really important aspect of currencies inspired by bitcoin so developers looking to catter to cryptocurrency enthusiasts and potential investors should really take proper care of showcasing their development infastracture. Not only is the code important to building something of value as an altcoin, but the ability of the development team to improve it actively must also be showcased.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Ayers
Legendary
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Activity: 2618
Merit: 1023
Seabet.io | Crypto-Casino
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May 19, 2017, 10:46:37 AM |
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toio much things to look at from your list, i only look at the possibility to have a great dev or a faggot behind the coin development process, also i'm looking if the ico coin is gaining traction while the time pass gradually, the numbers of pages of the ANN is a good indicators if the coins will succeed or not, at leats i find it so, also another mandatory thign to check is escrow, without that i'm not considering any ico no matter the features presented
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Landical (OP)
Newbie
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Activity: 11
Merit: 0
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May 19, 2017, 11:57:47 AM |
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Nice list, even though realistically no ICO is going to give you all these positive features.
also another mandatory thign to check is escrow, without that i'm not considering any ico no matter the features presented
Right loreRex, and I don't expect them to. If they did I would be suspicious haha, but I'd be looking at the main things like Ayers said like escrow, their team, how strong their idea is, and avoiding the red flags that I have so far.
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Landical (OP)
Newbie
Offline
Activity: 11
Merit: 0
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May 19, 2017, 12:05:01 PM |
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Hi everyone, I'm pretty new to this new world of crypto. I dove in head first a few weeks ago, learning about cryptocurrencies and how they work, how the blockchain technology works, reading Nakamoto's Whitepaper. And being a computer science major its all really interesting to me. Deciding mining coins wasn't for me, I decided the best route for me would be to invest and make my money work for me since I'm single and in college and don't have anything to lose haha. After reading up on ICOs in the Announcements part of the altcoins subforum the main thing that I'm seeing when people ask for advice on whether to buy in on the coin or not is to "Do your research." Yesterday someone came into a Slack channel that I was in and was all, "This ICO starts in 5 minutes tell me why I should invest in this coin." And after people emploring him to read the Whitepaper, he says, "I don't have time to read, money is too valuable." Which made me chuckle. After doing some google-fu and youtube videos, this is what I was able to compile when doing research on what to look for before making a decision on investing in an ICO: Team - Open Identities with social media, videos explaining the ICO - Experience Whitepaper - Solution to existing problem presented in the details - No "water" sentences and is all essence - Economic sphere and market review with economic and market data - Includes code or technical details Business Idea - The idea can be implemented in reality - Detailed, well-thought out economic plan - Roadmap is adequate and logical - Do your own market research Competition - Existing players that don't use blockchain technology advantages - Competitors that are coming to market w/ blockchain tech - Ability to compete w/ a monopoly (e.g. Wikipedia) Working Prototype - Existing working prototype - Lots of finished work before IPO - Competitive product Token Characteristics - Supply characteristics - Are tokens being churned out after the IPO? Inflation? - Percentage distributed to investors vs. developers - 70% TO 80% is ideal - Does it have inner value? Better if token can be used inside of project. Look at - Idea Quality - Website Quality - Dev Team Quality - Direct social media to reach team members - What company is behind it - History - Team member experience - Company experience - Background - Solid roadmap - Make sure devs aren't previous scammers and the project is legit Red flags - Devs anonymous/unknown - No escrow wallet - Unrealistic/unclear goals - Lack of transparency, no work-in-progress - Don't release code snippets, demo/beta version of their product - No behind the scenes videos I would really appreciate anything you guys have to add and I look forward to learning from you guys during my time here. This is really a good summary of the investigation and research one has to do in order to enlighten yourself before jumping in to investing into a coin. Although I think a lot of people speculate on the short term (intra day) and therefore don't do this at all. Thank you, I know that ICO flipping has become a thing as of late and day trading with altcoins is also a part of the culture here. But I don't plan on flipping I plan to HODL until the main features of their project come out in a year or whatever the time frame is. But if I see an opportunity to take a 10x return before then I'll take profits but not completely remove myself from the position in case things go even higher.
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BitcoinHodler
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May 19, 2017, 12:16:36 PM |
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this is a pretty nice approach you have taken and a nice topic, i am just going to share a little bit of my thoughts. Thanks, I've always been interested in the stock market since my early teens. Playing little stock market simulators and whatnot, crypto felt like a better route to go when I found out about it. Although there's more volatility, the barrier to entry is lower.
i am curious to know why you even chose ICOs. i mean if you are already interested in the markets like this and generally trading and have some experience then why not get directly into the action and start trading what already exists not something that promises to exist. i mean if you already have the experience in trading then do that, it will take a lot less time compared to investigating all these new projects that are offering ICO.
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Holding Bitcoin More Every Day
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Spoetnik
Legendary
Offline
Activity: 1540
Merit: 1011
FUD Philanthropist™
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May 19, 2017, 12:34:22 PM |
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Avoid ICO's step one. Why ? Because they are scammy by design. Simple huh ? Is a fucking PONZI or Pyramid scheme legit because you know the name of the guy running it ? Or because it has parts hosted on Github ? Or because it has a snazzy web site ? It's cute the band of greedy little noobs that show late think they know things ROFL
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FUD first & ask questions later™
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Landical (OP)
Newbie
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Activity: 11
Merit: 0
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May 19, 2017, 12:36:06 PM |
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this is a pretty nice approach you have taken and a nice topic, i am just going to share a little bit of my thoughts. Thanks, I've always been interested in the stock market since my early teens. Playing little stock market simulators and whatnot, crypto felt like a better route to go when I found out about it. Although there's more volatility, the barrier to entry is lower.
i am curious to know why you even chose ICOs. i mean if you are already interested in the markets like this and generally trading and have some experience then why not get directly into the action and start trading what already exists not something that promises to exist. i mean if you already have the experience in trading then do that, it will take a lot less time compared to investigating all these new projects that are offering ICO. I chose ICOs over trading cause when classes start back in the fall I'd have less time to trade vs. right now during the summer. And I could just let my investments ride through the year and not worry about them and then reassess at a later date. And the idea of being a part of the next big (or moderately big) thing in crypto was intriguing to me. But I do understand where you're coming from that if I already have experience in trading then to just do that. And I do think I'll have a go at it sometime to see how I can do.
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Route66Retro
Member
Offline
Activity: 80
Merit: 10
Bitcoin chick
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May 19, 2017, 01:44:45 PM |
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Wow - I'm impressed! It is a rare sight on bitcointalk to see someone put that much 'business sense' into making an investment in cryptocurrency. Well done.
Thanks, I've always been interested in the stock market since my early teens. Playing little stock market simulators and whatnot, crypto felt like a better route to go when I found out about it. Although there's more volatility, the barrier to entry is lower. But the volatility is where you can make some serious money. And lose it, too. It certainly makes life interesting
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Losing is not my enemy...fear of losing is my enemy. -Rafael Nadal
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shadowlpb
Newbie
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Activity: 29
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May 19, 2017, 01:52:24 PM |
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Avoid ICO's step one. Why ? Because they are scammy by design. Simple huh ? Is a fucking PONZI or Pyramid scheme legit because you know the name of the guy running it ? Or because it has parts hosted on Github ? Or because it has a snazzy web site ? It's cute the band of greedy little noobs that show late think they know things ROFL I'm curious, as I'm working a bit on a project at the moment, is it not possible that someone has a good idea and can't bring it to reality without backers?
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Spoetnik
Legendary
Offline
Activity: 1540
Merit: 1011
FUD Philanthropist™
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May 19, 2017, 03:35:51 PM |
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Avoid ICO's step one. Why ? Because they are scammy by design. Simple huh ? Is a fucking PONZI or Pyramid scheme legit because you know the name of the guy running it ? Or because it has parts hosted on Github ? Or because it has a snazzy web site ? It's cute the band of greedy little noobs that show late think they know things ROFL I'm curious, as I'm working a bit on a project at the moment, is it not possible that someone has a good idea and can't bring it to reality without backers? This isn't Kickstarter or Gofundme or the corner for pan-handling. Many of you are too young to know shit all about economics and money etc. Ever heard the saying "The medium is the message" Well the point is you need to be smart enough to see that the initial distribution is the most important part of a "coin". The issue here is crypto got flooded by scammy idiots and children. The adults know better and the kids just don't care. Did you NOOBS know there was a time that ICO's were frowned on by all of crypto ? Yup.. believe it or not there was a million Spoetnik's running around saying what i say all the time. Apparently they all left or something. Times have changed.. the kids here now think it's "Legit" if they are getting away with it. It's all just a free for all for cash profits and schemes.. hey got an idea on how to tack a block-chain onto something ? ICO IT ! Ya but are ICO's legit ? Who cares.. i got my mouth to feed dammit ! Jeez i got trades to do man.. i got school soon yo ! I really do hope the govt authorities rip this idiotic bullshit to pieces. You all deserve it big time. PS: Did you know Kickstarter has a ban on this crap in their TOS ? Wonder why ? ..of course not LOL
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FUD first & ask questions later™
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Shiroslullaby
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May 19, 2017, 03:53:42 PM |
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I'm curious, as I'm working a bit on a project at the moment, is it not possible that someone has a good idea and can't bring it to reality without backers?
There might be some legitimate ICOs with good ideas, but you have to realize that its the #1 target for scammers right now. Its literally the new 419 Scam. (Nigerian Prince) Everyone has "a great idea that will make you rich, just give us a little bit of money now!" Investors need to do research before giving anyone money. ICOs need to prove they have good ideas and can be trusted. Ten years from now we will be talking about the altcoin investment bubble like we do about the dot com era in the early 90s. A few people will become billionaires with successful companies, and some investors will get rich. Tons more will invest money and get nothing in return because the company was a scam or didn't actually provide a service that was needed.
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shadowlpb
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May 19, 2017, 04:11:14 PM |
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I'm curious, as I'm working a bit on a project at the moment, is it not possible that someone has a good idea and can't bring it to reality without backers?
There might be some legitimate ICOs with good ideas, but you have to realize that its the #1 target for scammers right now. Its literally the new 419 Scam. (Nigerian Prince) Everyone has "a great idea that will make you rich, just give us a little bit of money now!" Investors need to do research before giving anyone money. ICOs need to prove they have good ideas and can be trusted. Ten years from now we will be talking about the altcoin investment bubble like we do about the dot com era in the early 90s. A few people will become billionaires with successful companies, and some investors will get rich. Tons more will invest money and get nothing in return because the company was a scam or didn't actually provide a service that was needed. Everything you said just makes perfect sense, thanks for the post!
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iluvpie60
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May 19, 2017, 05:00:51 PM |
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A lot of the time the best giveaway for a coin to be successful is that the devs respond back frequently. I like that the TOR coin dev responds back and his campaign mgr also really helps. Good teamwork on their part for sure.
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tuvok007
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May 19, 2017, 06:44:29 PM |
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Ha ha ha yeah we can hear a lot of times here on bitcointalk advice "do your own research" and now someone asks how do I do that? How do I "Do my own research" . This is great, I love the OP, he"s briliant, great topic!
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btcxyzzz
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Monero - secure, private and untraceable currency.
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May 19, 2017, 07:43:45 PM |
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For me it's simple.. i am waiting to see if the Bitcoin Killer comes out. And if it does it will be blatant / obvious.
Ethereum is the obvious Bitcoin killer. Coin that even has chance to be a Bitcoin killer too is Monero.
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Fatoshi
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May 19, 2017, 07:51:06 PM |
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A lot of the time the best giveaway for a coin to be successful is that the devs respond back frequently. I like that the TOR coin dev responds back and his campaign mgr also really helps. Good teamwork on their part for sure.
I would shot a hole in that though cause at the beginning of all coins particularly scams the developer is like the most friendly reasonable guy you ever met, you don't like the coin amount? Oh let's change that for you, oh you don't like the name, oh we will change that later, thanks for the suggestion buddy! Then suddenly just after the ICO the reality sinks in that friendly developer is never ever coming back. Lol Weirdly I prefer it is the developer doesn't care much about people's feelings and just talks straight and even harshly. It means they have no scam to sell.
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Boxxl
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May 19, 2017, 07:51:51 PM |
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Nice list for research!
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No Signature right now...
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TheWallStreetCrew
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May 19, 2017, 08:18:41 PM |
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Great list. So based on your criteria have you selected any choices? Please share. Thanks.
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Landical (OP)
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May 19, 2017, 10:23:04 PM |
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Great list. So based on your criteria have you selected any choices? Please share. Thanks.
I've only invested $5 each in Peerplays and Aragon currently. Based mostly on my belief in both of the concepts they're pushing. I'm still working on making a more or less a checklist form for myself using my criteria that I can use when evaluating ICOs before getting into bigger investments. Edit: But I do plan on looking at Exscudo, Mysterium, and Patientory using what I've learned and what people have added to in this thread.
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White sugar
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May 19, 2017, 11:28:53 PM |
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know how to do your own research is part of do your own research
the first topic, actually
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BitcoinUKmedia
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May 19, 2017, 11:53:18 PM |
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If you can be part of the pre-sale on an ICO that you have 'done your research on' and are happy with then there is a lot to be gained. Of course it always comes with the risk of abject failure but that's crypto.
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Spoetnik
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FUD Philanthropist™
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May 20, 2017, 12:35:27 AM |
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For me it's simple.. i am waiting to see if the Bitcoin Killer comes out. And if it does it will be blatant / obvious.
Ethereum is the obvious Bitcoin killer. Coin that even has chance to be a Bitcoin killer too is Monero. You fuckin' Troll Anyway i've said lot's.. you can't. It's just not possible guys (to do your DD) Sure research helps but it sure as hell is no guarantee in the slightest. Really it's pointless to talk to all these idiots.. they are dead set on buying ICO coins for ROI'z. If they make money it's legit.. they lose money then cry scam. How coins work or technical issue etc are of no concern to all these idiots what so ever. They simply plug their ears and push on.. Topics like this are simply about telling them what THEY WANT TO HEAR.
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FUD first & ask questions later™
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clickerz
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May 20, 2017, 02:21:47 AM |
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You can start your research in the ANN thread here in bitcointalk. There are many info there about a certain, updates by devs and so much more. Also you can visit their specific website,twitter and even social media account for their current update. Also, its important to read the comment and feedback from this community, it can give you an idea how the coins perform.
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Open for Campaigns
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JosNekoKopa
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May 20, 2017, 08:40:37 AM |
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A lot of the time the best giveaway for a coin to be successful is that the devs respond back frequently. I like that the TOR coin dev responds back and his campaign mgr also really helps. Good teamwork on their part for sure.
And this can be perfect example of an scam. First of all they have very good premine, second, fact that they investing in marketing and promotions doesn't change anything. This way they investing in their pump so they can get better prices, and so far they holding biggest share. Shortly they will dump it. This one could be called shady premine.
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