Do you read ICOs white paper before investing?

[timet678]

Reading the whitepaper is a pretty important step when it comes to picking the right ICO. You don't have to read every word or anything but you should at least have a decent idea of what you're investing in. Also, when researching ICOs don't neglect to research the team as well. A project can have a good whitepaper but if the team doesn't have the required experienced I'd stay far away.

[OG_Sat0si]

I dont really invest in ICOs unless i really like them

But I do due diligence with any large investments

Recently sold all my MotherShip coins, my research said it was good but the coin kept going down with lots of sell pressure and sell walls making it seem like a P n D

[The Sceptical Chymist]

Heh heh.  I don't do a lot (read: NONE) of altcoin investing, and I've never read any whitepapers.  Not even for bitcoin.  So I profess complete ignorance about all technical details of cryptocurrency.  I've got very little background in computer science--I never even took a CS class in college, and I know nothing about cryptography and the math behind it.  Reading whitepapers would be an exercise in futility for me.  I wouldn't even know where to locate one.

The thing about trading is that you don't need any of that, just like you don't need to know all the details of a company whose stock you're trading in.  It's nice to know those things, but it's unnecessary for trading.  Especially in the shitcoin market where nobody else reads that stuff either.  It's pure trading.  I'd like to see the whitepaper on bitcoin just as a novelty, but the other coins?  Hell no.

[Daisuke]

I see a lot of people that do not bother to read the paper,
I try to do max due deligence before buying any coin.

What about you?

I read sometimes but it was a kinda boring. I often read reviews on the project and watch youtube videos to know if their project is good. sometimes on the community itself and on the team behind the project.

[Spoetnik]

I never read a white paper in my life.
I am not an "investor" either.
Nor have i ever owned an "ICO" coin (which is not a crypto currency)
They are scheme "coins" for profit.

ICO = SCAM

..all of them.

WHY ? Because of HOW THEY WORK !

I am a crypto currency supporter.. not a shithead Investard profiteer looking for scammy schemes to profit from.

[mudasarali43]

yes off course before investing I think its compulsory and necessary thing for every investor who wants to invest this ICO because all details are mentions in the white paper.

[Argon2]

I see a lot of people that do not bother to read the paper,
I try to do max due deligence before buying any coin.

What about you?

Why waste time reading vaporscam papers? Just dump first...

[orions.belt19]

I see a lot of people that do not bother to read the paper,
I try to do max due deligence before buying any coin.

What about you?

I am pretty conservative when it comes to ICOs and feel 99% of them are little more than outright scams. Sure they make short-term money due to speculation, but so do Ponzi schemes which most of these ICOs basically are.

For the couple of ICOs that I do think might be legit and I have invested in, yes I not only read the whitepaper but take time to research the team or company as much as possible. Do they actually have a marketable idea or plan that has value? Does this idea or plan benefit or is hurt by making an ICO? Is the ICO capped and are the funds they are asking for in-line with the project? Questions like these I ask myself before jumping in and risking my money.

Once I do decide to buy into an ICO, I also am in no hurry to cash out and look at any investments as just that a long term investment in a great company or idea. Too many people simply buy in to cash out the second it hits an exchange for a little profit. While I do take advantage of any very profitable opportunities, say the value goes up 10x I will cash out my initial investment and let the rest ride, I still am in it for the long haul and not just the 2-3 months. If an idea is really viable and sound, there is no reason it cannot return 100x over time.

To answer your question OP, yes I do read the whitepaper whenever I take interest in an ICO. I think that its important, along with checking out its other elements. I check on the feasibility of the project and its purpose because these are key determinants of the project's success.

With the numerous ICOs out there, it really is hard to identify and fish out which are the ones that are scams. Most may have impressive looking teams and websites when in reality, they're just scams fishing out for investors. It's important to research thoroughly before putting your money in anything, so as to avoid losing it. The risk is high and every investor should put some thought on where they put their money.

[phr0stbyt3]

You sure you read them what i would suggest you is take any 2 ico and compare their whitepaper line by line you will start noticing the amount of similarities in them they are just changing the sentences to make it look more legit.

of course, when it comes to money, every business I do in bitcoin must be careful, let alone to join and invest in ico should be careful, because there are so many scams in the ico.

Let's say i tell my business plan and assure that it will get listed on major exchanges in my whitepaper if i don't do what will you do payments sent to an ico is irreversible

[AUruHM]

Some WP not worth the time. Who like to read copy of one from many? But sometimes WP is an excellent book. Decor, content, idea, development - all makes us wonder. But it's so unique!

[Muhammad Muneeb]

yes anyone who is going to invest his money will definitely read the whitepaper though cryptocurrency is just like gambling, take your chance

[Morphling]

it depands on the projectc, i will not do much research on some which published by reliable and trusrworth team, and those team seems unfamiliar will take me a lot of time, then the white paper, slack, ANN and the information for each team member will all included

[MiBambino]

Those are not exactly valid points, as their team consists of a bunch of other people who all have relevant experience, maybe not exclusively in blockchain tech but in overall finance and development. Change offers everything TenX, Monaco, Polybius, ... offers, but also everything a bank offers, including insurance and loans.

Why would we put our cryptos in a bank? We won't. Change isn't ment to be a centralized financial entity but rather a decentralized banking network, fully supported by the network.

To say that you are a "Blockchain Expert" when you worked as an Inside Sales Rep until 1.5 months ago is an outright lie.

To say that you are a "Blockchain Developer" when you've never developed any blockchain is an exaggeration at best, or a lie at worst.

If the team is willing to lie about this, you'll never know what else they're willing to lie about.

I only spent 5 minutes to find out the above.  Here's what I found in another 2 minutes:

Change-Bank's "CTO, Blockchain Developer" was an iOS Developer at Montise Create until March 2017.  Cannot find any info on Montise Create.  How knowledgeable is this guy in managing developers, or about banking, or about cryptos?

How would Change be able to give loans, if people do not give them money (cryptos)?  Someone doesn't understand how banking works.

What problem is Change solving in insurance?

I consider myself to be a cryptocurrency expert as well, as I can answer 95% of questions people ask me about it, because I've spend the last 9 months studying hours upon hours a day, learning how to trade, read graphs, research dev teams, and so on. But, if you look at my resume, you'll see that I 'technically' have 0 experience in that area because I spent the last years working in insurance.

The company you're looking for is called Monitise Create, probably a spelling error.

I've seen multiple startups grow to multimillion companies over the course of 2 years, not because they had experienced managers but because those managers were able to learn on the spot. One of my best friends is CFO in 2 LLC's and 1 international trading company. The only experience he has is learning on the spot. I've grown my portfolio with over 700% in less than 6 months and by the end of this year I should have doubled my monthly income through trading and consulting on the side. My experience is reading on fora like this one, and spending hours upon hours studying trading and finance when other people (my clients) binge watch another netflix series. Experience doesn't prove as much as people say, your attitude is much more important.

Change will be able to give loans through the network. It'll take away some anonymity, as it'll require background checks, but I'm sure it'll be more like going short or margin trading on an exchange. I imagine it'll be like me investing 1BTC my friend loaned me and giving him back 2BTC 1 month later.

Change will solve mostly insurance problems when travelling overseas and you don't have the time to arrange insurance with a standard company. It will use the blockchain safety and speed to provide insurance a lot faster.

[Yuhee]

Some WP not worth the time. Who like to read copy of one from many? But sometimes WP is an excellent book. Decor, content, idea, development - all makes us wonder. But it's so unique!

I think also most are the same although really they all have different but it has the same requirements for a good white paper. I do read white paper but not entirely and just read some important spots that can clarify the important details. What i do to see the integrity is sometimes i compare how much they spent on there campaigns and other expenses on there crowd sale.

[Anita1873]

Always read white paper of a new ICO, so you will know about the concept and product and the earning potential of their product. With water papper reading, you got each and every information about the team, how they work and what they can earn, if impliment their project as per their white paper.

[btcholder]

Hell no. But it's really important for investor. Cause this is the thing you can get answers for your questions about that coin. You can guys also that project promising or not. So my opinion is read white paper before you invest.

[Lordshiva]

Frankly speaking i dont,as i dont understand clearly what is written in the white paper,as i am not that technical in bitcoins,i generelly invest just watching the popularity of a particular ICO

[richcorner100]

I always read and study white paper before investing in ICO, because investment in ICO is very high risk, so that important to minimize the risk. do not we are in  big loss. by studying the whitepaper so we will  understand what problems to be solved from the project and we will also know who people behind the project. And there is also a scam ICO, so studying in fundamentally very important if you want to invest in ICO.

[jlp]

Those are not exactly valid points, as their team consists of a bunch of other people who all have relevant experience, maybe not exclusively in blockchain tech but in overall finance and development. Change offers everything TenX, Monaco, Polybius, ... offers, but also everything a bank offers, including insurance and loans.

Why would we put our cryptos in a bank? We won't. Change isn't ment to be a centralized financial entity but rather a decentralized banking network, fully supported by the network.

To say that you are a "Blockchain Expert" when you worked as an Inside Sales Rep until 1.5 months ago is an outright lie.

To say that you are a "Blockchain Developer" when you've never developed any blockchain is an exaggeration at best, or a lie at worst.

If the team is willing to lie about this, you'll never know what else they're willing to lie about.

I only spent 5 minutes to find out the above.  Here's what I found in another 2 minutes:

Change-Bank's "CTO, Blockchain Developer" was an iOS Developer at Montise Create until March 2017.  Cannot find any info on Montise Create.  How knowledgeable is this guy in managing developers, or about banking, or about cryptos?

How would Change be able to give loans, if people do not give them money (cryptos)?  Someone doesn't understand how banking works.

What problem is Change solving in insurance?

I consider myself to be a cryptocurrency expert as well, as I can answer 95% of questions people ask me about it, because I've spend the last 9 months studying hours upon hours a day, learning how to trade, read graphs, research dev teams, and so on. But, if you look at my resume, you'll see that I 'technically' have 0 experience in that area because I spent the last years working in insurance.

The company you're looking for is called Monitise Create, probably a spelling error.

I've seen multiple startups grow to multimillion companies over the course of 2 years, not because they had experienced managers but because those managers were able to learn on the spot. One of my best friends is CFO in 2 LLC's and 1 international trading company. The only experience he has is learning on the spot. I've grown my portfolio with over 700% in less than 6 months and by the end of this year I should have doubled my monthly income through trading and consulting on the side. My experience is reading on fora like this one, and spending hours upon hours studying trading and finance when other people (my clients) binge watch another netflix series. Experience doesn't prove as much as people say, your attitude is much more important.

Change will be able to give loans through the network. It'll take away some anonymity, as it'll require background checks, but I'm sure it'll be more like going short or margin trading on an exchange. I imagine it'll be like me investing 1BTC my friend loaned me and giving him back 2BTC 1 month later.

Change will solve mostly insurance problems when travelling overseas and you don't have the time to arrange insurance with a standard company. It will use the blockchain safety and speed to provide insurance a lot faster.

You're right that anyone can be a self-taught expert.  But, out of the hundreds of ICO teams that claim to be experts, which ones are really experts and which ones are not?   If one of them has actually worked on blockchains and built software that you can see, which one will reduce the risk for you, if you're an investor?  Or, are you going to throw a dart on the wall and hope that you picked one that is truly capable of being self-taught?

Have you looked at the backgrounds of the CEO & the 2 partners?  None of them has any experience in banking.  One of the partners worked for a waste container company.  What's the difference between investing in them or any strangers on the street who claim to know banking and insurance?

You've grown your portfolio largely because cryptos have been going up in price (some claim in a bubble), not because these crypto start-ups have generated the revenue or profit to justify it.

Going short or margin trading on loans?  That's not a loan.  That's speculating.

Have you looked at their white paper?  20% of it are pictures of people rowing boats.  20% of it is about their token sale.  I've seen business plans for lemonade start-ups that are more comprehensive.

Banking and insurance businesses are very complicated businesses.  It's not like building chat software.  The Change team cannot even prove that they are capable of building chat software or any software, let alone a banking business.

[freebutcaged]

For small investments like day trading some coins, I only follow the pump and dump patterns without even thinking, not for every single coin though and

Definitely not for the coins listed on exchanges like Yoshit do you want to know why? because every time I fill a sell order, I can see orders much bigger than

Mine completed and when I cancel my order suddenly large amounts are traded showing in the order book while buying from me would've been much cheaper

But that's the kind of exchange they are. for a bit larger investments I read the paper more than 3 times.