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Author Topic: Question from a newbie here  (Read 130 times)
andersbrainsick
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June 03, 2018, 05:16:59 PM
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Hello, how can we know or verify is the project is trustworthy and realistic?     Smiley
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MintDiceSupport
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June 03, 2018, 08:15:43 PM
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Hi Andersbrainsick, this question has been asked a countless number of times. Try the search option next time...

That said, here is a comprehensive guide on how to analyze ICO's: https://bitcointalk.org/index.php?topic=3752728.0

Cheers

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June 03, 2018, 08:18:59 PM
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Best advise is always do your own research. People are being scammed left, right and centre and its becoming a norm. Not always easy to tell if a project is legit, some of them them looks so real, best is to dig into it until you are satisfied
bimbie
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June 03, 2018, 09:17:04 PM
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Always do self study about the project,research it in Google read what the project is.The team should be reachable and flexible in any question that you have to ask.

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June 03, 2018, 09:21:28 PM
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What I always also do is check what the various websites which review ICO's say about the project (Icoalert, icobench, icotracker etc).
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June 04, 2018, 01:12:19 AM
 #6

Hello, how can we know or verify is the project is trustworthy and realistic?     Smiley
This is a very difficult question. You have to do your own research on different content (reviews, YouTube, Medium, official website, Telegram). And in the end it's up to you if you trust or not.

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andersbrainsick
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June 05, 2018, 06:37:07 PM
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Hi Andersbrainsick, this question has been asked a countless number of times. Try the search option next time...

That said, here is a comprehensive guide on how to analyze ICO's: https://bitcointalk.org/index.php?topic=3752728.0

Cheers

Hi thanks for the link this helps a lot  Smiley
Retty
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June 05, 2018, 09:40:30 PM
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Hi, just do your due diligence, check google for trusted reviews, check the team on linked-in, check social media channels and look if any big fish are following/promoting them. Check the grammar and spelling on the website- as pedantic as it may seem, for me that is one of the biggest giveaways of a scam.

 A lot of it boils down to trust, if it seems dodgy then most likely it will be.

Hope this helps  Wink
laza89laza
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June 05, 2018, 09:44:11 PM
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And while reading that, make sure to also read some fundamental stuff like this:

https://lopp.net/bitcoin.html
https://medium.com/market-protocol/blockchain-crash-course-protocols-dapps-apis-and-dexs-4c324964f9c2
http://velascommerce.com/resources
aywing
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June 06, 2018, 02:24:05 AM
 #10

I think other than you should understand about the technology or benefits the projects can bring out, you should also look at if there are similar projects established before, no matter they success or not. You should also study on how the other projects can work successfully, whether on their ideas or their management skills which can lead their project run good, before you verify whether a new project is worth to invest on or not.
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June 06, 2018, 02:26:15 AM
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Hello, how can we know or verify is the project is trustworthy and realistic?     Smiley

For example, when they have already a product or at least a MVP, it can be a good sign. Not just some promises on paper.

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June 06, 2018, 08:20:57 AM
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Or check revies on icodrops.com, icobench.com etc
yodomaster
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June 06, 2018, 10:29:49 AM
 #13

check review rates from platform and view profession's comment from blogs like Medium
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June 06, 2018, 10:50:17 AM
 #14

The very first thing that you should do is your own research. Ask yourself whether or not the project actually does something useful, whether or not they really need to use Blockchain tech/Cryptocurrency. If you look at a project and say, why are we trying to reinvent the wheel, then stay away.

However, if a project looks to actually use Blockchain/Crypto to it's advantage to offer unique features that it cannot offer without, then yes, look at it.

I'd be wary about relying on 'professional' crypto review sites as they've gotten it wrong many times. I've seen ICOs rated at 4+ (out of 5, so highly positive) turn out to be exit scams.

My best advice is, get involved in a project because you believe in it, not because you want to line your pockets. In the end, you'll get your crypto regardless, but it's easier to spot a scam if you are picky and back something you truly believe.
KullAxel
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June 07, 2018, 03:50:26 PM
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You can always research about the project in Google and see what people are saying about it and what the hype is all about. A lot of people will give you their personal opinions and will review it. Everyone has their own point of view but of course it also makes a difference when the majority is saying its good or bad. You will just need to research a little about it yourself and trust me you will find out stuff about it.
Brian689
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June 07, 2018, 04:02:44 PM
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Hi,
Best advise is always for your own research. Find information on Google, social networks, and the community.
thanhhue300
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June 07, 2018, 04:57:13 PM
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Try to read the news and find out about the project thoroughly
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June 07, 2018, 09:23:31 PM
 #18

There is no set of rules to determine a project will end well but some indicators like a good team members,a white paper with a clear vision outlined and the responbse you get with your asked questions in a project community groups can tell if a project is good to be
recovermail18411
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June 07, 2018, 09:36:34 PM
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I can't send PM. How can I fix it?
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June 07, 2018, 10:25:20 PM
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Doing your own research, this is the most accurate thing to know if a project is a worthy thing to invest with your money.

Some advise can be helpful but don't remove on your mind that there are people who are saying good things for marketing purposes.

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