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Topic: Do you trust ICO Rating sites? - page 40. (Read 9124 times)

legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
September 20, 2018, 12:07:04 PM
They seem biased to me. A friend of mine who's doing an ICO told me that they paid 10ETH for 5 quality ratings and that's that! I noticed that some ICOs with good project, team, and good social media presence are struggling with getting good reviews.

With all that said, should it still be a factor to look at when investing in ICO?

It doesn't matter that there are ICO rating sites which you can bribe(what site was that btw?) in order to obtain a better rating. The good news is that there are many ICO rating sites and when considering investing in an ICO you have to check out all of them. Even ratings on sh*tty sites can provide some valuable information for you. For example, if an ICO has unimpressive ratings on most trustworthy sites and, at the same time, has top ratings on sites like you've mentioned, it means they bribed the site which makes them even less trustworthy.

Also, you can look for an info on ICO rating sites here on bitcointalk. For example in this https://bitcointalksearch.org/topic/the-top-4-most-reliable-ico-rating-websites-2913032 or in similar threads.

What is definitely a wrong thing to do is ignoring ICO rating sites while researching on an ICO.
member
Activity: 165
Merit: 10
The World’s First Blockchain Core
September 20, 2018, 11:41:40 AM
I never trust these ico rating websites. I saw too many thing about that sites. and you shouldnt trust these websites.generally they want money for these ratings. I also saw some scam icos in some rating websites. so they dont care about investors.
full member
Activity: 504
Merit: 105
September 20, 2018, 11:37:03 AM
Somtimes as were many times when i saw ico with very big rating in site in real it even coudnt reach softcap as had very poor marketing team and uprof. team seems they paid all money to have good raitings.
member
Activity: 602
Merit: 10
September 20, 2018, 11:36:27 AM
of course I trust them.
this rating has never failed me
jr. member
Activity: 111
Merit: 1
September 20, 2018, 11:33:20 AM
yes  ofcourse , there are some ICO rating site that are so reliable
member
Activity: 378
Merit: 11
September 20, 2018, 11:30:24 AM
Yes, I guess they can be trusted but you can't tell if that ICO rating is true or not. I also check the ratings if it is going to be successful in the long term or it will end short term. ICO rating sites helps you to find new ICO that has a potential to pump someday or dump, always check the updates and the community of that ICO if it is scam or not. This is not just a joke when it tries to projects.
member
Activity: 392
Merit: 38
September 20, 2018, 11:27:03 AM
No, I do not trust rating sites and I do not advise you to do the same, because all such services can be purchased, it's understandable. If the decision were made by the AI, then this is another matter.

Here's my own opinion about rating sites or review sites, you have a point that some of the review sites are not trusted because of course money really works and can control everything I believed some of those sites rely on money from their clients who want to have a positive review. However, not all sites are after of money/reward to make a good review but maybe some are seriously doing their job.

I am not against reviews at the same time not encouraging everyone to rely on it but rather do your own research, please do your own background check on any project you found interesting with. There are a lot of factors to determine a good and potential project, first is, of course, have a background check of the team of developers through some projects have anonymous developer strategy like the way Satoshi Nakamoto is doing being anonymous but most of the project today have developer info in public so you have the chance to review each member of the team. Project platform need to be considered in checking a good project, usage of the project is it long term or short term usefulness? How about the partnership with other crypto companies and trading sites?

These are just a few of the things you have to add on your list to review or check when choosing the best project so that it will lessen up the possibility of getting scam or no rewards for doing the campaign for a couple of months especially 4 months is a long period of time!

Conclusion:

Be an investigator, act as you are one of those owners of a reviewer website and do your own research to know if the project is worth to work with! Good luck everyone for these bounties!
member
Activity: 378
Merit: 17
September 20, 2018, 11:26:56 AM
Now many ICOS campaigns are over and trust ICO Rating sites are really hard to determine as good and safe. Because i see a high-priced campaign to deceive the community. But there are low quality ICOS Rating sites but very good quality.
All bets are off now in this market. It is so hard to find something truthful here, bad projects look like reliable and good and good promising projects don't even reach soft cap. Alice through the looking glass. Everything is distorted.
member
Activity: 182
Merit: 10
September 20, 2018, 10:00:40 AM
Only very proven. After all, I honestly do not trust sites. That information is not true for 100%. But the feedback is another matter. Still, the living statement is much more reliable than the written statitika is not clear by whom. But this is not my opinion.
full member
Activity: 902
Merit: 112
September 20, 2018, 09:56:09 AM
Sometimes it is trustable but not all the time. Because there are many things to know details about any project. ICO rating sites just provide info their own experience and some also collect from official channel or site. But we should more conscious a project before invest/work it.
member
Activity: 252
Merit: 10
September 20, 2018, 09:49:13 AM
Now many ICOS campaigns are over and trust ICO Rating sites are really hard to determine as good and safe. Because i see a high-priced campaign to deceive the community. But there are low quality ICOS Rating sites but very good quality.
To me, that's just a very rare occurrence. An ICO that is underestimated by sites rated  is usually scam ICOs, the sites judged on a specific basis to comment an ICO and I believe they are always right.
full member
Activity: 434
Merit: 101
September 20, 2018, 09:08:24 AM
I do not believe. but that doesn't mean I've never seen an ICO rating site. I have opened ICO Rating sites several times, such as TrackICO or ICOBanch. just to see if there are new projects or not. I think the current ICO rating site is not objective, they are like being paid to make positive reviews so that ICO projects are more attractive to investors.
Deciding whether in which ICO to invest is a hard task. There are lots of factor to be considered. I agree with this, rating is just one of the factor that mist consider. It is just an ad-ons. Or sometimes it is the feedback of people who uses it. People who will invest in ICO must be critical and analytical in the decision they will make. At the same time be observant in all the facts they can seen.
full member
Activity: 532
Merit: 100
September 19, 2018, 04:50:12 AM
I definitely don't. Most of them are only interested in the money they buy and people do not care that they lose their investment by trusting them
member
Activity: 320
Merit: 10
September 19, 2018, 04:47:41 AM
They seem biased to me. A friend of mine who's doing an ICO told me that they paid 10ETH for 5 quality ratings and that's that! I noticed that some ICOs with good project, team, and good social media presence are struggling with getting good reviews.

With all that said, should it still be a factor to look at when investing in ICO?

Sometimes, i believe in ICO ratings, because i know that it is a legit site, but if i know it's not a legit site i will not click and believe on it.
Yes, it is a factor if you will invest in an ICO. ICO ratings is a factor also platform, teams, whitepaper.
sr. member
Activity: 593
Merit: 250
September 19, 2018, 03:48:44 AM
They seem biased to me. A friend of mine who's doing an ICO told me that they paid 10ETH for 5 quality ratings and that's that! I noticed that some ICOs with good project, team, and good social media presence are struggling with getting good reviews.

With all that said, should it still be a factor to look at when investing in ICO?

An ICO project will appear on multiple rating websites, but each website has different rating criteria and it is difficult to identify the reliability of the project.
hero member
Activity: 714
Merit: 500
September 19, 2018, 03:42:44 AM
We all know what is the main problem of the centralization. That they can manipulate with something for example with informations. If I pay them to list my ICO with a good rating - they will do it.
member
Activity: 588
Merit: 10
Minter
September 19, 2018, 03:37:48 AM
I do not trust the sites in the ratings on IKO. How can I trust sites that have rated 4-5 projects in the rating and then they turned out to be a scam.
jr. member
Activity: 407
Merit: 3
September 19, 2018, 03:36:59 AM
Ranked ICO is really very helpful for me in determining the project that I will follow. The higher the rating, the project certainly very good. But before joining the project that has a high rating of course I will do some checking. I think this analysis is very important because it can avoid fraud project.
member
Activity: 364
Merit: 10
September 19, 2018, 03:28:02 AM
I think that is true, because the rating of each ICO is as a medium to describe a concept that is really good by cooperating with a trusted ICO company to attract and convince investors to join.
in fact, what is seen on the ICO rating site is not entirely trustworthy because basically they also pay the site to give a good assessment of the project. but as a comparison, looking at the ICO rating site can also help
sr. member
Activity: 798
Merit: 251
September 19, 2018, 03:00:02 AM
Now many ICOS campaigns are over and trust ICO Rating sites are really hard to determine as good and safe. Because i see a high-priced campaign to deceive the community. But there are low quality ICOS Rating sites but very good quality.
now it's reported in the ico rating we can buy to get a good rating on the website, this is very bad because later if the investor guide is the site will be trapped
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