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Author Topic: Can we still trust ICO Rating Sites Like ICOBench  (Read 766 times)
Olalomi
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June 22, 2018, 05:11:16 AM
 #41

This Is How Easy It Is to Buy ICO Ratings .
Believe it or Not. the Whole ICO stuff looks scandalous this days. New investors can easily fall into this trap if they fail to make proper investigation before investing into new ICOs. Can you imagine that rating sites today do contact ICO owners and ask for a certain amount of fee for a high grade and rating on their site.
If you double, please read this article. It is an Eye opener. what are your sugguestions as well.
https://medium.com/alethena/this-is-how-easy-it-is-to-buy-ico-ratings-an-investigation-13d07e987394

I do my diligent research in choosing the right ICO regardless of any ICOs rating sites,  good Ratings from those site does not necessarily mean that the ICO is going to successful because I always frowned at the criteria used by these raters in coming to conclusion on those ratings.
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BitLendingClub
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June 22, 2018, 05:11:40 AM
 #42

I'm personally trust own investigations only. And sometime I read icodrops because their ratings often are the same as my. And I don't see paid rating. ICObench is full untrusted for me
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June 22, 2018, 05:22:09 AM
 #43

You know what, I’m not surprised by this issue anymore because I am more shocked that many of the members don’t know this practice. I maybe as new as my accounts in this crypto community, but I’m not ignorance to the reality that it is a business.

Virtual Exchanges does it and even Stock market used it as a marketing strategy.

And I don’t see any wrong with it because I don’t rely on them as my decision is on my own research.

HODL
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June 22, 2018, 05:26:24 AM
 #44

This Is How Easy It Is to Buy ICO Ratings .
Believe it or Not. the Whole ICO stuff looks scandalous this days. New investors can easily fall into this trap if they fail to make proper investigation before investing into new ICOs. Can you imagine that rating sites today do contact ICO owners and ask for a certain amount of fee for a high grade and rating on their site.
If you double, please read this article. It is an Eye opener. what are your sugguestions as well.
https://medium.com/alethena/this-is-how-easy-it-is-to-buy-ico-ratings-an-investigation-13d07e987394

I don't believe in these crypto directory. They;re almost paid service to get high score/trust...
Like ICOBench they're have all shit and good ICO, the good one usually don't have good score but the middle one can paid to be promoted in good place, easy to attract more visitors.
So if you want to invest into any ICO do research by yourself

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June 22, 2018, 05:41:10 AM
Last edit: June 26, 2018, 05:54:08 PM by ozgurk
 #45

I am never trust the rating websites because they can give a money for rating because a lot of people check the rating websites

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June 22, 2018, 05:48:20 AM
 #46

This Is How Easy It Is to Buy ICO Ratings .
Believe it or Not. the Whole ICO stuff looks scandalous this days. New investors can easily fall into this trap if they fail to make proper investigation before investing into new ICOs. Can you imagine that rating sites today do contact ICO owners and ask for a certain amount of fee for a high grade and rating on their site.
If you double, please read this article. It is an Eye opener. what are your sugguestions as well.
https://medium.com/alethena/this-is-how-easy-it-is-to-buy-ico-ratings-an-investigation-13d07e987394

I don't believe in these crypto directory. They;re almost paid service to get high score/trust...
Like ICOBench they're have all shit and good ICO, the good one usually don't have good score but the middle one can paid to be promoted in good place, easy to attract more visitors.
So if you want to invest into any ICO do research by yourself
So true, this kind of advertisement can't be relied, developers can easily pay the site to have a better review, they will be able to attract investors
just by paying for a good position coming from the review site, it's always better to do your own research and trust your own instinct and understanding, you can check the site to find exiting project and see it by yourself if the reviews and your own assessment will be the same to make your decision
much better.

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June 22, 2018, 06:03:27 AM
 #47

until recently, i still dared rating pages, but that's over now. the forum has opened my eyes that such rating pages to be paid for good ratings.
BitNaija
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June 22, 2018, 06:09:55 AM
 #48

Judging by the attached article, it does seems to me the writer is watering down on other ICO rating sites so as to promote their own. This is not an independent assessment so it is not a good premises to debunk to rating of other sites.

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June 22, 2018, 06:33:14 AM
 #49

Some of them are more trustworthy than others, mainly new platforms, for example www.icoguide.com, rates are not paid and it makes sense.

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June 22, 2018, 06:36:39 AM
 #50

Some of them are more trustworthy than others, mainly new platforms, for example www.icoguide.com, rates are not paid and it makes sense.


Agree, new platforms are more motivated to attract attention of investors so they try to have fair rates. I like the rates of icoguide very much, when I make my own research and compare it to their rates the impression is the same. So I can say that scores are trustworthy.
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June 22, 2018, 06:38:29 AM
 #51

As for me, I don't trust those sites rating ICOs anymore especially ICO Bench. Most of the coins that have turned out problematic to me were rated high on ICO Bench. The best thing I do now is to conduct a background research, investigate into nice projects and invest my money.
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June 22, 2018, 06:43:29 AM
 #52

Of course not. They have been shown to only be able to raise funds, but there is no guarantee that the project will be truly and continuously operated, so it must be improved, otherwise more and more people can only give it up and leave it.

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June 22, 2018, 06:49:08 AM
 #53

This Is How Easy It Is to Buy ICO Ratings .
Believe it or Not. the Whole ICO stuff looks scandalous this days. New investors can easily fall into this trap if they fail to make proper investigation before investing into new ICOs. Can you imagine that rating sites today do contact ICO owners and ask for a certain amount of fee for a high grade and rating on their site.
If you double, please read this article. It is an Eye opener. what are your sugguestions as well.
https://medium.com/alethena/this-is-how-easy-it-is-to-buy-ico-ratings-an-investigation-13d07e987394
Very good from to speak about it.
Yes, you can't trust rating sites, because they want to earn money as well.
So the only one is do your own research!

And i have a look on the Ico of Alethena, which will establisch an independent Ratingsite.
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June 22, 2018, 06:55:47 AM
 #54

This Is How Easy It Is to Buy ICO Ratings .
Believe it or Not. the Whole ICO stuff looks scandalous this days. New investors can easily fall into this trap if they fail to make proper investigation before investing into new ICOs. Can you imagine that rating sites today do contact ICO owners and ask for a certain amount of fee for a high grade and rating on their site.
If you double, please read this article. It is an Eye opener. what are your sugguestions as well.
https://medium.com/alethena/this-is-how-easy-it-is-to-buy-ico-ratings-an-investigation-13d07e987394
Very good from to speak about it.
Yes, you can't trust rating sites, because they want to earn money as well.
So the only one is do your own research!

And i have a look on the Ico of Alethena, which will establisch an independent Ratingsite.
DYOP has become an obligation for everyone that interested to invest in the crypto currency but as you can see that about the majority of people are only following non-sense ico site without any credibility can be proven. Ico bench has been knowing as a very very shady site and everyone that experts in the crypto never try to take a look on it.

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June 22, 2018, 06:59:54 AM
 #55

but your opinion is true, they could bribe the site to give a high rating on an ICO, many people are not aware of this, but only the perpetrators who know it
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June 22, 2018, 10:25:56 AM
 #56

Basically in crypto market you have to understand the term and policy of this market also you should always aware of the scam because based on this many scams are created so I don’t think ICOBench is trusted because their review is not well also they are using previous rating so you should think about this.
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June 22, 2018, 02:53:06 PM
 #57

This Is How Easy It Is to Buy ICO Ratings .
Believe it or Not. the Whole ICO stuff looks scandalous this days. New investors can easily fall into this trap if they fail to make proper investigation before investing into new ICOs. Can you imagine that rating sites today do contact ICO owners and ask for a certain amount of fee for a high grade and rating on their site.
If you double, please read this article. It is an Eye opener. what are your sugguestions as well.

In my opinion, do not be too confident with ICO rating sites. These sites are the only sources of information on ICO reviews, but do not serve as a basis for decision-making to participate. A detailed examination is needed to determine good decisions for ICO investments.
then what is your ground saying that an ICO is a good project? you mentioned that detailed examination should be done, what should be checked in detail? I think ICO rating is a reliable site in analyzing an ICO
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June 22, 2018, 03:01:30 PM
 #58

All these ICO Rating Sites work only for their own benefit. You can easily check any project, the estimates will vary. In some projects, the differences can reach 2 or 3 points. When I conduct an analysis I use this guide: https://bitcointalk.org/index.php?topic=2822896.msg28918031#msg28918031
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June 22, 2018, 03:05:54 PM
 #59

I have never used these sites, because I believe that they sell good ratings. All these "premium" ICOs simply paid for being in the top. And this has nothing to do with the quality of their product.
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June 23, 2018, 06:23:00 PM
 #60

it is better to not blindly trust these websites since reviews can be bought too to fool people. On the plus side, there are a lot of ill news regarding ICO bench and they are notorious for their news not being legit. It is better to not reply solely on the ratings.
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