Do you trust Active telegram Groups?

[harizen]

Hi all , I'm a newbie in bitcointalk but not in Crypto field. I have about 6 Years of experience about this field.

As an Investor , Still i have a doubt with some active telegram groups. I have analysed so many projects and Most successful projects had an Active telegram Group.

6 years of experience in the crypto-field and as a regular investor, you should already know that having an active Telegram group is not the assurance that a certain project will be successful in the future.

It's good that the project owners always keep in touch with the community, answering questions and concerns, providing regular updates, future plans, etc. but the success of it relies on how far the community will support them on their progress.

I'm still a member of some projects that held ICO during 2018 and 2019 and their groups are still active today. Devs are active, there are "real" discussions, no sh*t or something, etc. However, it seems they still need more time before they can make a big fuel to boost their market price.

As for XFinance, do some DYOR about the project. Don't depend on how large their Telegram group is.

[AhmadM]

As an Investor , Still i have a doubt with some active telegram groups. I have analysed so many projects and Most successful projects had an Active telegram Group.

Had an active telegram group did not mean it would become a successful project, they only have plenty of numbers of group members whos talked about the project (mostly spam). There is no guarantee that among the entire members are have interests in the project, most are forced to join in their group. Aside from that in the current DeFi hype would not rule out of possibility for them to using paid service to making their project hype, such as this one^[1].

Btw, I don't know what the exact purpose wherefore you glow the text on the last parts but it looks like you are encourage people to investing on Xfinance and if I remember correctly this is also a new project which just launched lately.

[1] https://bitcointalk.org/index.php?topic=5274236.msg55151964#msg55151964

[kawetsriyanto]

An active telegram group doesn't guarantee a successful project. I have joined on many active telegram groups but unfortunately they fail to grow the projects. However, believe me, that an active telegram group is much better than a not active telegram group. If you joined a project with no activity of the team projects there, it's most likely a scam project. We cannot expect anything from the silent project teams, they may have gone or left the telegram group.

[Hypnosis00]

I'm active in telegram but I was not supposed to give trust any of them. It doesn't mean that they all cannot be trusted but much better to keep safe at all costs. Because oftentimes that I receive a message from a person who I'd never know and introducing himself as a part of the team, in a project.

Telegram is the most common way to scam people and that makes me think better not to interact with them instead of having them ignored.

[Pamadar]

I'm active in telegram but I was not supposed to give trust any of them. It doesn't mean that they all cannot be trusted but much better to keep safe at all costs. Because oftentimes that I receive a message from a person who I'd never know and introducing himself as a part of the team, in a project.

Telegram is the most common way to scam people and that makes me think better not to interact with them instead of having them ignored.

Very True, telegram mostly being used to scammed out, better not to deal with anyone you don't know. There's always better ways to succeed in any investment plans, you just need to continue reading and following the project.

Telegram works as medium to get along with the team but make sure you are talking with real people only to converse when you are inside the main channel not outside.

[sourish]

Backed with so much research, i think you yourself are most equipped to draw your own conclusions. You have managed to promote xfinance, that's all that seems 'highlighted' in your query.

[mr.smith]

Hi all , I'm a newbie in bitcointalk but not in Crypto field. I have about 6 Years of experience about this field.

As an Investor , Still i have a doubt with some active telegram groups. I have analysed so many projects and Most successful projects had an Active telegram Group.

So far I have analyzed 500+ projects before investment 

My analysis Results are here

A)  9%      successful projects with an Active telegram group
B)  6%      unsuccessful projects with an Active telegram group
C)  25%    unsuccessful projects
D)  60%    scam projects

But Now I have decided to invest for a projects having an Active Telegram group , But tell me your openion about these type of projects.
Project name --  Xfinance

Is it belongs to Which one ?[ A or B  ?]

I will not invest or support a project if it's only about telegram group I of course want to see the coin potential and there should be a reason why the project that you are talking about XFINANCE do not have a thread here maybe they are hiding something or they do not want to be questioned, telegram group has nothing to do if the project is worth investing,it's more than that.

[bangkecol]

I have analyzed some projects with activity of telegram group. And yes, many of successfull projects has an active telegram group that mean there are members and admins that active on the chats. Then , if you want analyze about a project like xfinance analyze also about their team profile on linkedin to know about them.

[Onika84]

Interesting! One of the criteria I have used so far is an active telegram group, where the admin or team responds to questions from investors. Although the project is not successful, as long as the team to respond to what we ask and transparent to the progress of the project, why not?

[LouVandetta]

I can't really say how much impact those "Active telegram groups" has in a certain projects well being per se. So, what does active mean anyway? All members are real human having discussions about the projects or by the total of their members? Not all those groups with thousands or tens or even more members are real users. I heard that you could even buy members to make your groups has many total members, no idea if they were real or fake accounts.

Telegram is like a place to get in touch with the devs or the team members etc and passing their newest updates. But that doesn't mean a bigger groups has a bigger chance of success and vice versa. So, it's wrong to assume such things. Well, people has their own way of "research" anyway.

PS: Is it just me or are you advertising the projects so people know them? Sorry if I'm wrong though, just saying.

[MCobian]

I think you have experience in the world of cryptocurrency, because 6 years is not a short time. But why do you choose investment
on unpopular projects, Xfinance I had never even heard of it. Then regarding active telegram groups, I really don't trust that. Because
not necessarily projects that have an active telegram group are good projects. Many factors have to be we consider choosing good
projects, not enough based on having an active telegram group.

[Zazzu]

I have been rugged by one of these groups and I'm not trusting any of these groups, what they do is to get some fee from the project and advertise it in the telegram group, and then even if the project is a scam they win because they never invest in any of them , they just take the fee , the smartest way to make money!

[lienfaye]

It depends on the reason why it is active.

If the telegram is active because of the continuous update of the team and dev, then it can be a source of reliable news for the project that im following but it doesnt necessarily mean the tg or the project is legit.

So active telegram is not an indication of legit project that is likely to succeed.

[Twinkledoe]

One of the factors I invest in a project is analyzing active telegram groups, sometimes they are active because of the bounty, if you find an active telegram group without bounties and there are lots of discussions there, it becomes a value-added point of trust for investing in the project. for the project you mentioned, I have never heard of it,

I think it is heading to be a unsuccessful one. Just like any other DeFi project, no team members published and if you check the test the app button, you will be directed to a site similar to yearn.finance. For those who visited the site of yearn.finance before, you will see the similarity of how they made their site. So I don't think this xfinance is worth investing for in my opinion.

https://app.xfinance.io/earn


https://yearn.finance/earn

[aryana42]

Backed with so much research, i think you yourself are most equipped to draw your own conclusions. You have managed to promote xfinance, that's all that seems 'highlighted' in your query.

Yes, because the final conclusion for each person is with him even though he has also collected many suggestions and references from other people for him to summarize himself, the point is that the final conclusion is always in the hands of each of us.

[Republikcoin.com]

I suggest that you see the discussion on the telegram activity that you are following. to be honest I never heard of the project you mentioned before. however, success or not, you need to see the development and discussion in the telegram group. In addition, activities on telegram cannot be used as a reference to whether a project can be successful or not. some people look at the telegram just to see how far the project is progressing

[Lantind]

I know a lot of active telegram group that has a lot of active users but most of them spamming there. I agree with a telegram group can be a good place to determine a project potential because if that project is in continuous development their supporter of that project will obviously talking about recent update of the project. I think i should take a look at the project you mentioned here before talking about it.

Yes, and the users or participants of the telegram group who make spamming are users who are lazy to read so they always ask the same questions as other people, or their questions are not responded to by the group admin so they spam there, this of course can also be as our assessment of a project.

[codpku]

I believe and i trust with official telegram groups project but telegram groups doesnt mean the criteria of success project thats only tools to reach investor and get in touch with the people who interested with the project
And i believe that if you join to good project ofcourse their admin of official telegram group project will treat you nice and bring you the data that you need
And becareful to project that you join in
Im join in dfinance project that have a ticker XFI you better see the Dfinance(XFI) project not Xfinance

[fuer44]

it hasn't become the main benchmark either, I follow a project whose telegram group is still active, but it can't be said to be a success. failed projects, however, did not immediately close their telegram groups. but threads on bitcointalk are usually 80% valid. for example there is a main thread about the project, and there is a warning that this project is a scam, so that another thread appears with the same assumption, the possibility of the project has indeed failed and is a scam.

[Ridwan Fauzi]

First of all, before you will invested your money to new project you have to analyzed first the team behind the project. Are they real? Are they have an ability to develop the project? And many thing. After you have analyzed it you will be comfortable although they have a telegram group or not.

Yeah, I've found many project that end up in scam and they use telegram group to scammed many people. But as you mentioned there is a few percent that the project are successful and they have a telegram group. Six years is a long time and you will know many thing especially to invest in new project. Take a look at 2018 ago when many projects that end up in scam you have to compare with right now.