Topic: Do you read ICOs white paper before investing? - page 12. (Read 3676 times)
I didn’t use to do it a lot before. Now, I am doing it every time invest in an ICO. Basically, I am looking at the idea and how is the token going to be used.
of course I will read whitepaper before investing in ICO
because I will find out the project information, such as project goals, benefits for investors, details on token distribution, team information, etc. And complete information is available at whitepaper
because I will find out the project information, such as project goals, benefits for investors, details on token distribution, team information, etc. And complete information is available at whitepaper
As was said above, anybody who doesn't read the white paper before investing is actually just gambling. If you're risking $10 it doesn't matter that much, but investing let's say $10.000 and not taking the 30 minutes to read the white paper is a good way to get poor.
Even when participating in a bounty program it's good to read it, to know if it's worth it to spend some time on the project.
Even when participating in a bounty program it's good to read it, to know if it's worth it to spend some time on the project.
Of course you must read the white paper. There's a lot of investors who don't bother and then they are surprised that they invested in some crap that will never have any value. But it's their own fault.
I always read white paper of the ICO, which i find interested to invest and if satisfied with their project and find it can generate good income in future, then i invest in that ICO. Through white paper, you know many things about the concept and future plannings, how they generate revenue. What you can earn, if you buy.
I see a lot of people that do not bother to read the paper,
I try to do max due deligence before buying any coin.
What about you?
I try to do max due deligence before buying any coin.
What about you?
If you don't even read the paper, you're gambling, not investing.
Reading the Whitepaper is a must. You have to understand what you're investing in and how it's going to make you any money afterwards. However the Whitepaper is not the only important thing. There are many factors at work, the composition and experience of the team, social media campaigns, the desired amount they want to raise, the supply of the token and its utility etc.
If you invest blindly because someone whom you don't know told you so, you're going to have a bad time.
If you invest blindly because someone whom you don't know told you so, you're going to have a bad time.
I see a lot of people that do not bother to read the paper,
I try to do max due deligence before buying any coin.
What about you?
I try to do max due deligence before buying any coin.
What about you?
I am pretty conservative when it comes to ICOs and feel 99% of them are little more than outright scams. Sure they make short-term money due to speculation, but so do Ponzi schemes which most of these ICOs basically are.
For the couple of ICOs that I do think might be legit and I have invested in, yes I not only read the whitepaper but take time to research the team or company as much as possible. Do they actually have a marketable idea or plan that has value? Does this idea or plan benefit or is hurt by making an ICO? Is the ICO capped and are the funds they are asking for in-line with the project? Questions like these I ask myself before jumping in and risking my money.
Once I do decide to buy into an ICO, I also am in no hurry to cash out and look at any investments as just that a long term investment in a great company or idea. Too many people simply buy in to cash out the second it hits an exchange for a little profit. While I do take advantage of any very profitable opportunities, say the value goes up 10x I will cash out my initial investment and let the rest ride, I still am in it for the long haul and not just the 2-3 months. If an idea is really viable and sound, there is no reason it cannot return 100x over time.
of course, when it comes to money, every business I do in bitcoin must be careful, let alone to join and invest in ico should be careful, because there are so many scams in the ico.
I see a lot of people that do not bother to read the paper,
I try to do max due deligence before buying any coin.
What about you?
I try to do max due deligence before buying any coin.
What about you?
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