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Author Topic: What makes you trust a crypto project?  (Read 373 times)
EHT7500
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January 20, 2018, 12:27:43 PM
 #21

My way of life when i need to change crypto in fiat rather regularly make me believe that it be easier with time…
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January 20, 2018, 12:44:57 PM
 #22

Is there something that makes you trust (or at least to take a leap of faith on) a project before the ICO stage (not a Pre-ICO for the big whales), before you can see the pics of a team and rush through few pages of the WhitePaper/brief or take a peek at the future RoadMap. Meaning would you do anything before you can see the value of the project/token/something else. No investments or heavy work, just spread the word and maybe leave your email for the team.

Would you trust a project if it was featured in an article on some site you trust or would the simple advertisement on the same trustworthy site work for you? Would you rather trust the project that promises fantastic turnout which in real life is pretty hard to execute (a Lamborghini Diablo or an iPhone XXX to every early adopter) or the one that might downplay its worth but might have a real effect on some of the problems you or the world face everyday? Would you trust a professionally looking website with lots of texts or graphical landings with easily comprehensible sequencing? etc. All in all what makes you tick regarding new and unknown projects (or rather if you would even participate in such a project before an ICO).

I guess it is more of a psychological question still it would be interesting to see the answers from the community as most of the projects/startups nowadays are linked with the ICO and crypro world.
As ico traders and i only trust the hype, that can generates me a lot of money. But there is a lot of project that applied non sense idea to the future development, We even don't need it right now.
This is my simple conclusion about ico, there will be bunch of people actively discussing in the social group and i can say that such a good ico that makes me trust with em.

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January 20, 2018, 10:18:35 PM
 #23

A clear view on who the persons on the team are is most important. After that just the regular things , does it make sense what they are trying to do. Do they have a white paper and a nice website. Distribution model is important to.
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January 20, 2018, 10:36:22 PM
 #24

- Is the product that is being offered valuable, worthwhile or in demand?
- Is the team behind the product professional, dedicated, experienced and competent?
- What are other people saying about the particular project?
- Is the road map realistic?

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January 21, 2018, 03:25:13 AM
 #25

If they still don't have a working product and just hyped then I don't have trust in it. I've learned that these cryptocurrency projects should show me first that they are worthy of my investments by showing me a real product and not full of promises.
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January 21, 2018, 03:28:33 AM
 #26

If I see a potential for their project. It means if the CRYPTO is being backed by a reputable team, they have a large community behind them, and they offer a good product or innovation.
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January 21, 2018, 04:03:34 AM
 #27

there are many issues we can research before investing in an ICO projects. The value of the project to the life. The way to execute, and the experience of the team.

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January 21, 2018, 04:05:59 AM
 #28

A cryptocurrency? He is talking about Altcoins, not about ICO's, are you reading the content of the thread instead of posting bullshit?
the first thing I do is look at the ideas and concepts of a project. after that just check the team, whitepaper, their roadmap and I always discuss with my community. if the found project is suitable and in accordance with the results of the research, then I will invest there.

And no, if i want to invest in an altcoin, i just make a little research, i do not need to make a FBI investigation about the team in order to invest in a coin that is already on the market.

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breaktime
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January 21, 2018, 05:17:28 AM
 #29

Is there something that makes you trust (or at least to take a leap of faith on) a project before the ICO stage (not a Pre-ICO for the big whales), before you can see the pics of a team and rush through few pages of the WhitePaper/brief or take a peek at the future RoadMap. Meaning would you do anything before you can see the value of the project/token/something else. No investments or heavy work, just spread the word and maybe leave your email for the team.

Would you trust a project if it was featured in an article on some site you trust or would the simple advertisement on the same trustworthy site work for you? Would you rather trust the project that promises fantastic turnout which in real life is pretty hard to execute (a Lamborghini Diablo or an iPhone XXX to every early adopter) or the one that might downplay its worth but might have a real effect on some of the problems you or the world face everyday? Would you trust a professionally looking website with lots of texts or graphical landings with easily comprehensible sequencing? etc. All in all what makes you tick regarding new and unknown projects (or rather if you would even participate in such a project before an ICO).

I guess it is more of a psychological question still it would be interesting to see the answers from the community as most of the projects/startups nowadays are linked with the ICO and crypro world.

I trust an ico based in 4 things
1)their teams
2) their advisors
3) project have to be unique
waynechong1995
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January 21, 2018, 05:54:01 AM
 #30

Hmm of course firstly i would really look through their whitepaper to have a glance about their business model, vision, product etc as it's too early and unreliable to judge based on their website. Following with some evaluation on their competitors, market and simply the feasibility of the project based on my common sense, only after that i would see whenever their team capable on truly achieving THOSE written in the whitepaper anot, you couldn't expect a team to fully deliver a large scale service, platform over your expected ROI period. After these are okay for me i would just simply go through those kinda monkey search on their social status to see public perception and of course their token distribution system those but it's always the same, less supply means higher hype or simply NEO-based projects are really hot handed now.

Back to your question, i would never really trust a project unless i have really some insider news, but still i would invest if those conditions sastify and basically i'm gambling too, but i guess that how crypto works when you wanna have flips there would be risks on market as well the project itself. Came across some project which has product, great team communication but just as it launched they disappear.

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January 21, 2018, 07:39:54 AM
 #31

I found that if dev is acknowledged their mistake or any willing to admit wrong is honest any gain my trust even more.
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January 21, 2018, 09:57:09 AM
Last edit: January 21, 2018, 12:11:55 PM by sollahp
 #32

Everytime i spend money on investing in a project, the most important thing i'm looking for is the benefits. How much could i earn from that, is that legit or not. I don't know why people can spend their trust on some random projects with totally anonymous team? Because BCC's team is an anonymous team? No no, I only choose the project which has a specific team behind .

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January 21, 2018, 10:55:43 AM
 #33

Evaluating the viability of a new project is subject to one's biases and inclinations. Generally speaking, though, we would be looking at the main concept and how the concept can be solving real world problems or challenges (this will determine the project's value). Now, we also try to have a peek at the team behind the project...famous names will always have advantage plus if the project is endorsed by someone who is already known in the cryptocurrency world then it could really help. The team has to be active in many channels and they must be good in communicating to prospect buyers of the tokens. Not to be left is the marketing strategies use...better marketing means that the people behind know what they are doing in pushing the project. Oh, before I end, we should also get to know seriously the road map of the project and evaluate if the plans are really doable or just another wishful thinking. However, we should really realize that even if we are doing our due diligence, there is really nothing guaranteed that a project will really work. It means there will always be risks involved (of course if the project is right there would be great rewards at the end).
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January 21, 2018, 11:53:48 AM
 #34

I would trust the project if they are true to their word and the application of the project, also they need to be transparent answering the questions of the people that invested or within the bounty of that project. Also it has a great support within its community.
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January 21, 2018, 12:08:55 PM
 #35

the first thing I do is look at the ideas and concepts of a project. after that just check the team, whitepaper, their roadmap and I always discuss with my community. if the found project is suitable and in accordance with the results of the research, then I will invest there.

I think discuss with community how good the project is better.
Before investing i think better to check wheater they have real working product or not. If yes i think it will be good to invest.
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January 21, 2018, 12:14:44 PM
 #36

I think trusting on a project or not it's depending on how much experience on the development team. Development team is the heart of the project,if they're not good so as well as the project isn't good too.
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January 21, 2018, 12:25:13 PM
 #37

White paper is the first thing I care about. Road map is the second one if the right direction, I will invest in it. I also try to find community responses like reddit and bitcointalk.
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January 21, 2018, 12:55:35 PM
 #38

Sometimes I use coinmarketcap ads and etherscan ads as my reference to invest in ICO, and as I know all the ads which appears really legit projects and gives me an advantage Neumark example, I forgot Neumark appeared in etherscan ads or coinmarketcap.

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January 21, 2018, 01:04:08 PM
 #39

I trust and have faith on a certain crypto project if the ICO is worth something to invest in if I were to put myself in its place. I usually check the team members and check them one by one if they are legit. And follow their social media accounts to see if its a progressing project also.
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January 21, 2018, 01:23:13 PM
 #40

What  I do is that I read their whitepaper and analyze if what they are saying/stating there is probable then after that I look for their target users, the one who will use the coin and not the investors because it will dictate if that coins has real value because of platform and not just someone manipulate.

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