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Author Topic: Prove that you shouldn't rely on icobench and others  (Read 580 times)
Byakuga
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November 15, 2019, 10:55:39 AM
Merited by tk808 (10), julerz12 (1), Ferris419 (1)
 #1

This is a warning to all newbies that seek help from ico rating websites when they are looking for projects to invest money on..

Facts
- You have good money to pay? you will get good rating on the platform, this is the way of ico rating websites
- Good projects can get bad rating on them, and that doesn't mean they are bad project..

For example, you must have been hearing about how successful gowithmi project was right? check out the rating on icobench using the link below.

https://icobench.com/ico/gowithmi

The score is 3.3 where as projects that have better rating turned scam as well, all i am saying is its better to rely more on your own research and not rating.

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November 15, 2019, 11:17:24 AM
Merited by tk808 (3)
 #2

I believe that the rating is based on how much you pay. If you do not pay, then you will get bad rating, while you give them a lot of money, they will give you super nice rating plus many positive comments from "experts".

You can´t trust any website that requires fee for listing because then the website can´t be independent in evaluation. If you have such website, please, share it with us.  Cool

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November 15, 2019, 11:21:54 AM
Merited by tk808 (1)
 #3

ranking website like that I no longer believe, even you can register it easily on the rating site. a reason why the project is ranked highly because there is money to pay for it. This is purely due to a business website like this. I recommend using a website like this only to see the icon of the project (LOL). do your own analysis or research look for help from fellow members who you believe.
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November 15, 2019, 11:28:46 AM
 #4

I already know about the website, I am not accusing sometimes there is no honest website in giving a rating on a product, many people need to see the value of their ICO project rating on ICObench and others, they want to invest in that project clearly wrong, I also long ago hope there is an honest website to review each ICO or IEO project especially the strict verification of the project founder, so that they cannot cheat for example video calls and explain about the project in detail

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November 15, 2019, 11:35:28 AM
Merited by tk808 (3)
 #5

I believe that the rating is based on how much you pay. If you do not pay, then you will get bad rating, while you give them a lot of money, they will give you super nice rating plus many positive comments from "experts".

You can´t trust any website that requires fee for listing because then the website can´t be independent in evaluation. If you have such website, please, share it with us.  Cool
never trust anybody in this digital age , they are all liars.

the fact that the site itself survive is because of there is money talk  Cheesy  , there is a lot of ico with 4.4 rating ended scam and there is an ico with no exposure at all or maybe just get 3.5 rating but the project blow everyone mind!
for example IOST the ico is not listed in some popular platform like icobench but appears to become one of successful ico with real project until now, see the point of this platform? sometimes it could be a true rating but mostly it is bullshit .

the platform making negotiations with the company to determine the rating, easy to guess everyone already know.
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November 15, 2019, 11:41:27 AM
 #6

Yes I think your reason should not be icobench as the only source of information you have to do the research yourself
I think that some Project pays to have a better rating
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November 15, 2019, 11:42:06 AM
 #7

Basically every rating or review website on the internet all of them are fake because the rating is based on how much money generated from each project.
do not believe everything you see on the internet because it can be faked, always do your own research.
bot and fake reviews are very easy to be found on the internet lately.

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November 15, 2019, 11:42:57 AM
 #8

On this site you could always watch new companies, their dates and other information but I was surprised that they earn on ratings. Here it is the crypto industry - trust but verify, and in my opinion this practice is common in many fields of activity.
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November 15, 2019, 11:45:04 AM
 #9

Quote
https://icobench.com/ico/gowithmi
The score is 3.3 where as projects that have better rating turned scam as well, all i am saying is its better to rely more on your own research and not rating.

Ratings can be influenced by expert which requires payment or some tips ( They themselves by be real or scammer) The requirement for becoming an experts on icobench is very unprofessional.

gowithmi was rated only by their team members.
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November 15, 2019, 11:46:12 AM
 #10

all that does not guarantee that ico will become successful later, at the beginning ico rewardmob get the usual broad attention as a gaming platform, but it is inversely proportional to his expectations. when everyone says it's good, it's not necessarily good and when everyone says it's bad, it's not necessarily bad. I also remember when bitcoin was in the middle of 2017 that bitcoin would die soon because it did not have any function, but in fact at the end of the year bitcoin was rising to the moon. in early 2018 many said that bitcoin would soon be banned by the government, but in fact until now the bitcoin market is still fine.

In essence, we should not take a unilateral decision by looking at only one side, for example icobench where we see an ico rating. it can be trapping, and we also don't know how to rate the ico and how to get such scores.

precisely when we have feelings and choose their own ico without seeing icobench, sometimes that's precisely the right choice.


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November 15, 2019, 11:52:23 AM
 #11

This is a warning to all newbies that seek help from ico rating websites when they are looking for projects to invest money on..

Facts
- You have good money to pay? you will get good rating on the platform, this is the way of ico rating websites
- Good projects can get bad rating on them, and that doesn't mean they are bad project..

For example, you must have been hearing about how successful gowithmi project was right? check out the rating on icobench using the link below.

https://icobench.com/ico/gowithmi

The score is 3.3 where as projects that have better rating turned scam as well, all i am saying is its better to rely more on your own research and not rating.

I never really relied on ICO rating sites for honest rating... mainly due to their centralized nature and lack of real transparency.

By the way, their methods for rating projects may not be effective. There are important factors that are necessary for the grading of cryptocurrency projects. Most probably don't use them.



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November 15, 2019, 12:31:00 PM
 #12

Everyone wants money,so if someone think that others will help you to earn money then you are just stupid.They will try to make money from you by doing tricks and the ICO ratings are just one kind of strategies used.

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November 15, 2019, 12:58:29 PM
 #13

This is a warning to all newbies that seek help from ico rating websites when they are looking for projects to invest money on..

Facts
- You have good money to pay? you will get good rating on the platform, this is the way of ico rating websites
- Good projects can get bad rating on them, and that doesn't mean they are bad project..

For example, you must have been hearing about how successful gowithmi project was right? check out the rating on icobench using the link below.

https://icobench.com/ico/gowithmi

The score is 3.3 where as projects that have better rating turned scam as well, all i am saying is its better to rely more on your own research and not rating.
That's true and your observation is correct. if you want to invest in any ICO's don't just solely rely on those so called ICO rating website. some of it is not worthy to trust, I was personally experience it on the one project that i was participated during an ICO. it was mark that "team was KYC already" that's why its getting high ratings but it turns into an exit scam. for the better lets try our own instinct accompanied with our own knowledge i think it maybe more positive in results.

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November 15, 2019, 01:21:21 PM
 #14

Everyone wants money,so if someone think that others will help you to earn money then you are just stupid.They will try to make money from you by doing tricks and the ICO ratings are just one kind of strategies used.
Review sites are made to create profit and their business is to fool investors by giving such rates. Serious investors would never depend on any reviews because he know how to read projects and make his own prediction about the project, if you can’t decide on your own then its hard for you to invest big money, rely on yourself always.


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November 15, 2019, 01:29:26 PM
 #15

I no longer trust ico review sites like ICObench, as many people are trapped by ICObench scores giving it to projects, I think now many projects have their rating on the website because they know it's not right.

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November 15, 2019, 01:40:24 PM
 #16

This is a warning to all newbies that seek help from ico rating websites when they are looking for projects to invest money on..

Facts
- You have good money to pay? you will get good rating on the platform, this is the way of ico rating websites
- Good projects can get bad rating on them, and that doesn't mean they are bad project..

For example, you must have been hearing about how successful gowithmi project was right? check out the rating on icobench using the link below.

https://icobench.com/ico/gowithmi

The score is 3.3 where as projects that have better rating turned scam as well, all i am saying is its better to rely more on your own research and not rating.
Wow, now that's crazy. I didn't know IcoBench couldn't be trusted, they seemed like a legitimate platform. Out of all of my different ICO rating website bookmarks, IcoBench is listed as my first, I guess I hadn't practice my Due Diligence.

I have a question regarding your quote below

"The score is 3.3 where as projects that have better rating turned scam as well
You stated that Gowithmi is a "scam as well", yet I couldn't find any evidence to refute your claim, care to provide a source for this information?  Huh I thought it was a successful project?
As for the ICO rating websites, I'm glad you brought attention to them, and how their opinions could potentially be biased  / influenced.
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November 15, 2019, 02:05:24 PM
 #17

Everyone wants money,so if someone think that others will help you to earn money then you are just stupid.They will try to make money from you by doing tricks and the ICO ratings are just one kind of strategies used.
Review sites are made to create profit and their business is to fool investors by giving such rates. Serious investors would never depend on any reviews because he know how to read projects and make his own prediction about the project, if you can’t decide on your own then its hard for you to invest big money, rely on yourself always.
Yes that's a good point,if you are really not knowledgeable enough to analyze the potential of a project in future then you no need to invest on a new crypto project,there are other ways we can make profits which is better way than taking most riskiest kind of investment with no knowledge.

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November 15, 2019, 02:08:03 PM
 #18

I never trust the rating because I don't think that will be a true review or honest review from the website rating. We don't know if they really give the review based on the project utilities or the goals that the project wants to reach in the future. Sometimes we can see that the rating only based on how much money people can make if they invest in the project and not how the project will work or what the project can give to people. I think that is because the project wants to invite more investors, so they used that way and pay more to the website rating so their project will look better than the other project.



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November 15, 2019, 02:08:07 PM
 #19

This is a warning to all newbies that seek help from ico rating websites when they are looking for projects to invest money on..

Facts
- You have good money to pay? you will get good rating on the platform, this is the way of ico rating websites
- Good projects can get bad rating on them, and that doesn't mean they are bad project..

For example, you must have been hearing about how successful gowithmi project was right? check out the rating on icobench using the link below.

https://icobench.com/ico/gowithmi

The score is 3.3 where as projects that have better rating turned scam as well, all i am saying is its better to rely more on your own research and not rating.
Yes you are right and many are aware about this already, the problem is many new crypto investors still follows them to choose projects and they never learn until they lose, as for me i only use icobench to check upcoming projects either ICO or IEO

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November 15, 2019, 02:13:55 PM
 #20

personally, i don't think people rely on ico/ieo websites now to pick on what to invest in cryptocurrencies. it is a known fact here that some projects due bribe some of these sites to gt high rating. some even went behind the sense to negotiate with crypto ratting websites because of their traffic. most of these sites are no longer after what some projects offers but rather after there money.
the simple advise i can give to anyone is to wait for such project to appear on an exchange first. give a period of 3 to 6 months before you invest, depending on whether you are a long term investor or a short term
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