Don't Judge a Book By Its Cover - page 3.

jostorres

hero member

Activity: 2562

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Quote from: XiaoshuaiLiu on October 09, 2019, 10:20:09 PM

You can't blame them. Most altcoins are startups. Startups fail on a rate of at least 95%. Proof of that is that most of the alts in the blockchain space are already dead. People burned their fingers with them last year. Most ICOs turned out to be unsuccessful and represented a total lost for most investors, except for VCs who always tried to buy tokens at the cheapest possible price to latter dump on retail investors buying the ICO or IEO. Teams also pumped their tokens and then dumped on retail investors. We saw great projects with rockstars that were a total disaster. We saw rockstars and top notch personalities create projects to later abandon them, to later create another project that will be eventually abandoned. They collected millions from investors and now the tokens are totally worthless. Even honest projects went down the drain. So, you can't blame them.

I keep telling my fellow mates that a startup project sometimes are usually handled by premature people, and some of them might even be in school, take a look at someone who has never been in business before and has some good idea about a project and decided to start the project, he seeks for fund with the intention of getting at least little to fund it, but he was able to meet up with the hardcap of he requested for , which he may never have seen such money in his life, such developer would rather just take the money and exit than to continue with the project that will stress him before it becomes successful.

Projects that I respect more are projects that already have their money to start a project and only need the input of the public to make the product work, they are the ones that usually have passion for their projects.

Ailmand

hero member

Activity: 1274

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The problem is, not all investors are doing their research before investing. That is why most projects with real use case and a good product lack support. Investors today are more into profit than the real product or service of the altcoin.

ancafe

hero member

Activity: 1778

Merit: 746

Quote from: jaocoincrypto18 on October 09, 2019, 11:52:59 PM

Lucky for you that you invested and earned but how about if this Sero coin did not success? Are you still going to be proud of your choice? Crypto currency investment is proven unpredictable that is why it considered risky therefore it is natural for a certain investor to confused and choose not to join you as no one can predict the future of every investment.

in fact, SERO was successful, and I believe in what the makers of this thread said that we cannot judge a project from its cover. Well, that is a very strange study when judging only from the cover.

however, the investment world is not stable, especially with cryptocurrency. conducting in-depth research is something that needs to be done to date. when I succeed in investing in something because of my research, it also makes me proud.

Byakuga

member

Activity: 518

Merit: 28

Good project but with bad and cheating teams, they cheat lots of bounty hunters after bounty ends, the price is down already as of today, its presently trading at 0.09cent and now its a bad news for holders who refused to sell and its a good news for those who wants to buy, the best time to invest in altcoins is few months after release because they will surely lose value

meliodas

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Quote from: kayvie on October 09, 2019, 11:43:57 PM

Quote from: BlackFor3st on October 09, 2019, 10:53:23 PM

Quote from: joseyphil82 on July 22, 2019, 07:28:19 AM

You can't judge projects by how they look,what matters is what they are here to fix in crypto space,i introduced a good privacy altcoin to my friends weeks ago and they neglect it because of its look,the name of the project is sero

How can someone judge a project because of its white&black inky look?the fact is sero is just more than its logo looks and its already trading at a very good price 0.33$ i think,while its ICO price was 0.01cent.

My advice to people like my friends is to always put aside how a project looks,either scam looking or not please take your time to investigate before you decide if its good or not.Some projects are more than how they look,remember that not all shinny things are good either,learn to do research on projects not how they look.

They must be inexperience as they were able to judge the project without reading the whitepaper and checking the team behind the project. But it's hard also to tell someone that invest to it or support it because this is a good project because we don't have the control on what will happen to the project.

Only the team behind it has the control on what they are going to do with the project either continue it's development after successfully raising funds or exit the project and run away the funds. There are many cases like these so it's hard to recommend right now on what project to support or invest.

No one can tell on how the project will do until it proves itself. Most of the project that become successful nowadays are those project that no one expected to become successful. Its easy to judge a project because of its name and if it is not so popular, but once it become successful, many investors will come and will support it.

That is the reason why we should keep in touch with the team of the developers of a certain project. If we have contact or way of communication to other people in the team then it will be easy for us to evaluate if the project will become successful someday. We should always get updated to monitor the possible outcome because it is the root for all of the movement of the price. If the team is doing good then the project will become successful and the price of their token will skyrocket.

jaocoincrypto18

full member

Activity: 630

Merit: 103

Lucky for you that you invested and earned but how about if this Sero coin did not success? Are you still going to be proud of your choice? Crypto currency investment is proven unpredictable that is why it considered risky therefore it is natural for a certain investor to confused and choose not to join you as no one can predict the future of every investment.

kayvie

sr. member

Activity: 1022

Merit: 257

Quote from: BlackFor3st on October 09, 2019, 10:53:23 PM

Quote from: joseyphil82 on July 22, 2019, 07:28:19 AM

You can't judge projects by how they look,what matters is what they are here to fix in crypto space,i introduced a good privacy altcoin to my friends weeks ago and they neglect it because of its look,the name of the project is sero

How can someone judge a project because of its white&black inky look?the fact is sero is just more than its logo looks and its already trading at a very good price 0.33$ i think,while its ICO price was 0.01cent.

My advice to people like my friends is to always put aside how a project looks,either scam looking or not please take your time to investigate before you decide if its good or not.Some projects are more than how they look,remember that not all shinny things are good either,learn to do research on projects not how they look.

They must be inexperience as they were able to judge the project without reading the whitepaper and checking the team behind the project. But it's hard also to tell someone that invest to it or support it because this is a good project because we don't have the control on what will happen to the project.

Only the team behind it has the control on what they are going to do with the project either continue it's development after successfully raising funds or exit the project and run away the funds. There are many cases like these so it's hard to recommend right now on what project to support or invest.

No one can tell on how the project will do until it proves itself. Most of the project that become successful nowadays are those project that no one expected to become successful. Its easy to judge a project because of its name and if it is not so popular, but once it become successful, many investors will come and will support it.

BlackFor3st

hero member

Activity: 1932

Merit: 506

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Quote from: joseyphil82 on July 22, 2019, 07:28:19 AM

You can't judge projects by how they look,what matters is what they are here to fix in crypto space,i introduced a good privacy altcoin to my friends weeks ago and they neglect it because of its look,the name of the project is sero

How can someone judge a project because of its white&black inky look?the fact is sero is just more than its logo looks and its already trading at a very good price 0.33$ i think,while its ICO price was 0.01cent.

My advice to people like my friends is to always put aside how a project looks,either scam looking or not please take your time to investigate before you decide if its good or not.Some projects are more than how they look,remember that not all shinny things are good either,learn to do research on projects not how they look.

They must be inexperience as they were able to judge the project without reading the whitepaper and checking the team behind the project. But it's hard also to tell someone that invest to it or support it because this is a good project because we don't have the control on what will happen to the project.

Only the team behind it has the control on what they are going to do with the project either continue it's development after successfully raising funds or exit the project and run away the funds. There are many cases like these so it's hard to recommend right now on what project to support or invest.

karanggatak

hero member

Activity: 1106

Merit: 506

ita just some of coin among dozens of coin. i mean not all coin be what you said. and many coin that have good start, big price and beat ico price, but the price down rapidly and it just be trash in your wallet. so, that proverb can be reversed and its true. sometime small reward give you big profit, and sometime big reward give you small profit

XiaoshuaiLiu

newbie

Activity: 5

Merit: 0

You can't blame them. Most altcoins are startups. Startups fail on a rate of at least 95%. Proof of that is that most of the alts in the blockchain space are already dead. People burned their fingers with them last year. Most ICOs turned out to be unsuccessful and represented a total lost for most investors, except for VCs who always tried to buy tokens at the cheapest possible price to latter dump on retail investors buying the ICO or IEO. Teams also pumped their tokens and then dumped on retail investors. We saw great projects with rockstars that were a total disaster. We saw rockstars and top notch personalities create projects to later abandon them, to later create another project that will be eventually abandoned. They collected millions from investors and now the tokens are totally worthless. Even honest projects went down the drain. So, you can't blame them.

FanEagle

legendary

Activity: 2884

Merit: 1117

Quote from: forexandcryptoauditor on August 09, 2019, 03:24:43 AM

You are absolutely right. This is the exceptional case. In fact today's projects are more shiny than its original presence. Its really hard to judge the projects based on the presentations they give to us. I think we should focus on idea, team structure and development part of project.

The last part of your statement is actually the key to having a successful investment growth, if we don’t want to loose our money and we want to protect the capital, it is just to ensure that we get the full assurance that the project would be what it says it would be. Though it can be a little bit difficult because we are not spirits to know the intention of the developer, we can only get a clue psychologically when we make some research into their background, then we can know if the developer would be one that will produce a good result or not.

I think most of the project we have right now, are full of developers that lacks vision and focus and just after money that they can spend and lavish on the material things instead of building their future, if they cannot manage the project in cryptocurrency, they can never manage any business for the rest of their lives.

StatesManG

copper member

Activity: 462

Merit: 10

You might be right, I knew about sero, read about the campaign but I didn't join it because of its low rewards. Most people overlook some project by mere looking at it without reading deep. Sometimes I do the same even when I have read about the project but still feels it's going no where

fortunecrypto

legendary

Activity: 2450

Merit: 1047

If you are looking for a good project to invest, you will consider everything and you will look deeper, you will apply don't judge a book by its cover, there are a lot o fICO that looks very professional but ended up scamming their investors because developers are now good at making things looks good in the eyes of investors.

Mila52

full member

Activity: 1022

Merit: 106

For me, a book cover or logo is never a priority in choosing a project.I missed this project because I don’t consciously enter projects where draws are held.

Stargazer

sr. member

Activity: 641

Merit: 253

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Though I missed the SERO IEO but my fellow brothers did bounty work for them. SERO is a good project but I did not research before, when I went to see their LinkedIn activity it was awesome, but I was late. Now, I believe SERO has enough potential to be top 5 privacy coins and top 100 coins!

Denreal

jr. member

Activity: 784

Merit: 6

Looking at a project from afar or superficially is quite different quite different from taking a critical look at it. Such critical look entails that you do an around and dip study of it.
The reasons I feel people judge projects by the way they look are:
- The number community. For instance, almost every project communicate with their community through telegram. So, when there are not up to a thousand on telegram, they might feel it is not a good project and by so doing neglect it. A lot of projects today with thousands of member of telegram and have few real and active members and most others are just bots or bounty hunters who are only after the rewards in tokens. I have seen projects with few member, yet are doing wonderfully well.
- When white paper is not voluminous. This is a typical mistake from people. White paper can be just 2 to 3 pages, yet the project might be the best among those lunched at that time.

There are so many reasons, but these are what time will permit me to state.

joosep

sr. member

Activity: 569

Merit: 250

Quote from: leea-1334 on August 10, 2019, 01:16:58 PM

I can still judge a book by the cover,,, why not? We all have to weed out 99% of shitcoins just by their name, their sound, etc.

Very true. But still there are exceptions, I was making fun of Bomb token and it went to the Moon.

Rehmanchoudhary5

jr. member

Activity: 227

Merit: 2

Yes i also heard of Sero that they got so much success and price goes to moon, i just missed their Bounty somehow, my friend participated in one week and got 60$ tokens.

leea-1334

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Quote from: maydna on August 09, 2019, 04:30:59 AM

Usually, that is what we look for the first time if we see a new project. And besides that, we have a bad experience from the previous project, so we are difficult to accept those new projects. But if we can open mind to the new project, perhaps, we don't judge their project as a bad project, but they need to prove to the public that their project is not the same as them. I think that is normal if we only take a look in out of the project and we don't want to take close into a deeply because we don't have any passion for those projects.

I can still judge a book by the cover,,, why not? We all have to weed out 99% of shitcoins just by their name, their sound, etc.

Then of course, we should dig in still and find out all we can, not to say covers is everything, but if they cannot even pay attention to something as simple as a typo on their frontpage, why should we believe they can do more complicated blockchain things?

key4co.in

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Activity: 812

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Actually it's not easy to trust new projects, so don't blame people who purposely missed out on the IEO when you introduced it to them. Anyone buying a coin because of the hype or name, or the logo, or the white paper is definitely not good with due diligence, yes don't judge a book by the cover, some projects may not have the best names or hype or whitepaper but when you look deep into their project vision, team, product, token economics, they look great. I think SERO like you mentioned is one of them, although to me it's average, not so great.

Topic: Don't Judge a Book By Its Cover - page 3. (Read 1230 times)