HomuHomu (OP)
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Activity: 27
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November 04, 2018, 10:13:48 PM |
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shark69
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November 04, 2018, 11:35:28 PM |
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in my opinion, the whitepaper cannot always be used as the main reference because basically all investors need real evidence, then according to the roadmap they make. The most important thing is to be on time according to what they promised. You can conclude for yourself what if a project is not on time, there will be many problems that cause their projects to stop or fail.
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Bustart
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November 04, 2018, 11:44:17 PM |
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in my opinion, the whitepaper cannot always be used as the main reference because basically all investors need real evidence, then according to the roadmap they make. The most important thing is to be on time according to what they promised. You can conclude for yourself what if a project is not on time, there will be many problems that cause their projects to stop or fail. The difficulties after altcoins launching in the market was it's price that declines, after those bounty hunters who sold their coins at cheaper value. We had no assurance that our new coins showing up in the marker will gain a higher profitable price, due to those reasons behind. We find it difficult at certain times, the situation always remaind the same and we can't see any good pumps happening.
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temilade200
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Activity: 378
Merit: 2
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November 04, 2018, 11:56:07 PM Last edit: November 05, 2018, 12:20:39 AM by temilade200 |
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Not many people have the time to focus first on whitepaper. I think it is best to first test the authenticity of the project by researching on the team. Confirm if the are real or not. After which you can now proceed on other aspects. The team of a project can determine if a project will succeed or not. Other things that need to looked into are a vast community, communication between the community and the team, the website, the whitepaper, the usecase. Then every project that has the tendency to succeed must have MVP.
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sufferer123
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November 05, 2018, 07:46:05 AM |
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There are very well concealed fraudsters in the market. Personally, I'm looking at the team after I like the content of the project. I check if one of the team members is working on other projects before I invest. If I have worked on another project and that project is still active, I will contact that team member. I'm investing only after receiving information from the team member himself.
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shinratensei_
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Merit: 1029
Leading Crypto Sports Betting & Casino Platform
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November 05, 2018, 08:02:54 AM |
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Whitepaper can't be considered as a good measure to define how good the ico. Remember a lot of professional writers have been offering this service. The only important thing based on the experience and history of the developer itself. Remember if that was a popular person and then you will be so easy to find a lot of reviews about him dude.
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Andruha1993
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Activity: 1008
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November 05, 2018, 08:16:24 AM |
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Of course, reading whitepaper is one of the important criteria when choosing an ICO. But in my opinion it is better to first study the project team and then do the rest of the analysis of the project.
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ereborltc
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November 05, 2018, 08:22:39 AM |
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Whether an ICO project can be successful or not, whether the tokens it issues can add value, the focus is on what the team is doing, and it needs a lot of reliable work to promote the development of the project.
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Ayobami99
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Merit: 3
The wonders of the blockchain technology
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November 05, 2018, 08:38:10 AM |
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I agree with you but i think the work of the project team cannot be fully appreciated unless they come out successful at the end of the day. People have high expectations and anyone who wants to launch an ico must be ready to give an answer to these high expectations
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batang_bitcoin
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November 05, 2018, 09:08:32 AM |
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No, not the whitepaper is the best way to determine if the project is good.
You probably didn't heard that there are popular coins now that copied their whitepaper and the noise wasn't so loud because they did something like paying the media for not covering that issue. I'm not giving a name of what that coin is but I think many are aware of that.
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CreamIce
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Activity: 126
Merit: 1
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November 05, 2018, 09:10:28 AM |
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A whitepaper may look dreamy and out of the world, but you can't just rely on this one aspect for investment. A good project, development team and marketing team are equally important. How the project is supported and queries answered is also a great deal to build in trust and attract investors.
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DikkieD
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Activity: 560
Merit: 22
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November 05, 2018, 09:11:51 AM |
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Besides all the technicalities it is also a gut feeling for me in the end. It is also a gamble as you do not know how the project will evolve. I do notice less 'doing it for the money' start-ups, or maybe it is because it is now easier to find the rotten apples.
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ricardobs
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November 07, 2018, 08:11:23 AM |
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Well, no one is saying there are no projects out there that can end up doing well in the long run, but one thing for sure is that as long as you know what to always look out for when it comes to a project, you will always be in the right mind to make decisions when it comes to such. We all know the best way to always identify a good project is to try as much as possible to make sure you check out the team, the product and the business they are bringing to the table. However, all these things don't usually mean that it all will just end up making giving you some huge profit immediately and some won't, but like someone said, investing in ICOs is more or less an educated gambling.
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palle11
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November 07, 2018, 08:28:36 AM |
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Of course, reading whitepaper is one of the important criteria when choosing an ICO. But in my opinion it is better to first study the project team and then do the rest of the analysis of the project.
These times, whitepapers don't prove to be a good source to know scamming icos or not. The whitepaper might paint everything sweet but the team might still run off with money. I think the usage of the project is better but everything is still depending.
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auliahr
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November 07, 2018, 08:41:52 AM |
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there are a lot of ico with great and promising whitepapers, but when the platform is launched everything isn't as expected and sometimes the developer doesn't do or provide the latest updates, so the project doesn't develop. so the only ones left are pump and dump to continue to maintain their projects.
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sallasvve
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Activity: 280
Merit: 101
Proof-of-Stake Blockchain Network
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November 07, 2018, 08:48:50 AM |
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Often, as the project develops, the road map changes. And I think this is normal. As you progress and work, you begin to understand what is more important and right now to do. Therefore, goals can change. The most important thing is that the team does not stand still, but do something and move forward.
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Wale777
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November 07, 2018, 09:08:10 AM |
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Knowing if ICO is good or not is difficult this days because most of the materials to be consulted cannot be trusted a hundred percent because of lack of professionalism, most whitepapers are plagiarized which means the team lack ability and capability to implement it and some ICO review sites are devoid of professionalism because some of them receive payment for their job. What I recommend is to do background check for the team, checking them up on LinkedIn does help to verify their identity and finding information about their business antecedent and lastly what product do they have or they're developing or planning to develop either it's feasible or not
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confreslamp
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CINEMADROM ⥋ BLOCKCHAIN FILM PLATFORM
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November 07, 2018, 09:31:11 AM |
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The best way to verify the project is its team and the whitepaper. I also usually look at the rating websites and community numbers. An ICO cannot reach a cap of 15 million USD, if they have 1000 followers in Telegram.
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joelsamuya
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https://emirex.com
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November 07, 2018, 09:41:34 AM |
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Fraudsters or people running an ICO's nowadays which has the intention to scam people is also knowledgeable, their whitepaper has also been improved, now the best thing we can do now, is not to invest if its not yet listed in exchanges, i know not all, but a high percentage of ICO nowadays has the same feathers. Ive been a victim too.
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Red-Apple
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November 07, 2018, 09:50:04 AM |
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whitepaper of a project is only meant as an abstract introduction of that project. it is not capable of telling you whether the project itself is good or bad. you may find out whether the project has a good idea in it or not but the implementation of an idea is more important and most coins fail in that.
for example the idea behind Ethereum as a platform is awesome. that is why it gained a huge popularity in first place but the implementation of that cool idea has been terrible and that is why it is failing.
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