Topic: Do you read ICOs white paper before investing? - page 7. (Read 3662 times)

Why do you buy something without knowing what are you buying about. If you're investing then you should probably do your homework before start saving your hard earned money into unfamiliar scheme, lots of scams and opportunities in investing but it requires some work to determine that unless you depends only on your luck 

I agree that reading whitepaper is absolutely mandatory.
In altcoin section see many peoples not even bother to ask questions before read the doc.

Yes, I read the ICOs white paper because it will help you to understand how to invest and what is your investing in. It also important to read because it will let you know what are they're going to promote and what is the reason of promoting that. ICO white paper tells when and where the project ends and what are the updates on this projects.

Reading the ICOs white paper is a must when you're about and interested to invest. Its like putting your money in whomever wallet that is and hoping for it to grow. And by knowing the eligibility and the target point of a certain project It is easy to whomever you will put your investments with.

Reading the whitepaper is the first thing I definitely do before thinking of investing!

I don't read the white papers because it takes a lot of time before you finish reading it so i am just depending on my research about the opinion of the other people and also here in our forum and also about the background information of the developers or the team behind that coin to tell if they are a good team or not.

Members on most of the teams actually have no development experience, let alone being able to prove that they can develop software.

this is the first thing when I invest to an ICO

You shouldn't invest in something you don't fully understand, my friend, that's really why every crisis since the dawn of man has occured, people buying things other people recommend based entirely on their own agenda. Not saying your friends give you bad advice, but I'm sure you're smart enough to judge for yourself

to be honest, i just buy what my friends recommend, and dont really read. which probably justifies why i have so many junk tokens hahaha 

For small investments like day trading some coins, I only follow the pump and dump patterns without even thinking, not for every single coin though and

Definitely not for the coins listed on exchanges like Yoshit do you want to know why? because every time I fill a sell order, I can see orders much bigger than

Mine completed and when I cancel my order suddenly large amounts are traded showing in the order book while buying from me would've been much cheaper

But that's the kind of exchange they are. for a bit larger investments I read the paper more than 3 times.

You're right that anyone can be a self-taught expert.  But, out of the hundreds of ICO teams that claim to be experts, which ones are really experts and which ones are not?   If one of them has actually worked on blockchains and built software that you can see, which one will reduce the risk for you, if you're an investor?  Or, are you going to throw a dart on the wall and hope that you picked one that is truly capable of being self-taught?

Have you looked at the backgrounds of the CEO & the 2 partners?  None of them has any experience in banking.  One of the partners worked for a waste container company.  What's the difference between investing in them or any strangers on the street who claim to know banking and insurance?

You've grown your portfolio largely because cryptos have been going up in price (some claim in a bubble), not because these crypto start-ups have generated the revenue or profit to justify it.

Going short or margin trading on loans?  That's not a loan.  That's speculating.

Have you looked at their white paper?  20% of it are pictures of people rowing boats.  20% of it is about their token sale.  I've seen business plans for lemonade start-ups that are more comprehensive.

Banking and insurance businesses are very complicated businesses.  It's not like building chat software.  The Change team cannot even prove that they are capable of building chat software or any software, let alone a banking business.

I always read and study white paper before investing in ICO, because investment in ICO is very high risk, so that important to minimize the risk. do not we are in  big loss. by studying the whitepaper so we will  understand what problems to be solved from the project and we will also know who people behind the project. And there is also a scam ICO, so studying in fundamentally very important if you want to invest in ICO.

Frankly speaking i dont,as i dont understand clearly what is written in the white paper,as i am not that technical in bitcoins,i generelly invest just watching the popularity of a particular ICO

Hell no. But it's really important for investor. Cause this is the thing you can get answers for your questions about that coin. You can guys also that project promising or not. So my opinion is read white paper before you invest.

Always read white paper of a new ICO, so you will know about the concept and product and the earning potential of their product. With water papper reading, you got each and every information about the team, how they work and what they can earn, if impliment their project as per their white paper.

I think also most are the same although really they all have different but it has the same requirements for a good white paper. I do read white paper but not entirely and just read some important spots that can clarify the important details. What i do to see the integrity is sometimes i compare how much they spent on there campaigns and other expenses on there crowd sale.

I consider myself to be a cryptocurrency expert as well, as I can answer 95% of questions people ask me about it, because I've spend the last 9 months studying hours upon hours a day, learning how to trade, read graphs, research dev teams, and so on. But, if you look at my resume, you'll see that I 'technically' have 0 experience in that area because I spent the last years working in insurance.

The company you're looking for is called Monitise Create, probably a spelling error.

I've seen multiple startups grow to multimillion companies over the course of 2 years, not because they had experienced managers but because those managers were able to learn on the spot. One of my best friends is CFO in 2 LLC's and 1 international trading company. The only experience he has is learning on the spot. I've grown my portfolio with over 700% in less than 6 months and by the end of this year I should have doubled my monthly income through trading and consulting on the side. My experience is reading on fora like this one, and spending hours upon hours studying trading and finance when other people (my clients) binge watch another netflix series. Experience doesn't prove as much as people say, your attitude is much more important.

Change will be able to give loans through the network. It'll take away some anonymity, as it'll require background checks, but I'm sure it'll be more like going short or margin trading on an exchange. I imagine it'll be like me investing 1BTC my friend loaned me and giving him back 2BTC 1 month later.

Change will solve mostly insurance problems when travelling overseas and you don't have the time to arrange insurance with a standard company. It will use the blockchain safety and speed to provide insurance a lot faster.

it depands on the projectc, i will not do much research on some which published by reliable and trusrworth team, and those team seems unfamiliar will take me a lot of time, then the white paper, slack, ANN and the information for each team member will all included

yes anyone who is going to invest his money will definitely read the whitepaper though cryptocurrency is just like gambling, take your chance