Topic: How to choose a good project? - page 11. (Read 22162 times)

You should not worry because almost all of the project are scam. Bounty hunting nowadays may seem not too good for many are scammers joining and making a scam projects. The worst is that they are too good when they made a project to the point that you will not going to realize that it was literally a scam. They made good strategies like offering huge bounty rewards and at the end they will going to.change the reward pool so that bounty hunters can have a small reward only.

Now it is difficult to find a good project. Now even very good projects cannot collect the necessary amount of investment and they have to return the money.
There are also frank scammers and they are becoming more and more. I have decided not to participate in new projects until the growth in the crypto market begins.

2018 is a bad year for the ICO world. many ICO scams. and that makes us lose a lot of time. and in my opinion it's difficult to get a good ICO. but at least we can analyze the ICO from the website and whitepaper, or all the websites provided by the team.

It is difficult to find a good project. Many projects already failed or are worthless. There were also some scam. You need some time to find a good company. I always study the website, social media, team and community. Very important are the developments. One of my favourite altcoin is PAL.

First of all stay away from ICO's. Only experienced investors should consider those. ICO's are mostly overpriced, and have little or no guarantee of delivering what they promise. Second, there is a massive shortage of good crypto-devs. The good ones are mostly already working in other projects, so it's really hard to find good devs for a new coin or token. Third, the "experts" that are available to you in forums and social media are mostly accepting payment to shill a coin so noobs like you go and buy it. So until you have gained sufficient knowledge yourself or by chance get access to one of the private channels where real experts discuss, you are easy prey for the sharks.

We are now in a bear market. That means a lot of very good and established coins are cheap. They are a lot easier to research than ICO's. With established coins also noobs can do proper research along the lines that several people in this thread have suggested.  

I also experienced a lot of the same things last year, almost everything I followed didn't pay a shred, but there were also those who succeeded and were proven to pay, for this year, hopefully there are many good and successful projects.

In fact, the forum now has a lot of good and high-quality guides that can really reduce the risks that people have here today. But I also do not understand where so much greed comes from.

Study well the project team, the roadmap, do not be lazy to read reviews about the project, well, we must have a little idea about what this project offers, imagine how it will work in the market, whether this idea will be in demand at all. In fact, there are a lot of nuances, but even this does not give any guarantees that the project will shoot.

thank you. I must have been too hot. Now everyone showed me how to choose a good project.

To recognize the project is that it is extremely difficult to fraudulently, I think only with time you can understand it, but if you are an investor in ico then of course you need to select projects very well now

it can lessen the risk of being scam but it does not mean you will are on the good project, I saw a lots of project that seems a good and best one but in the end there are lots of participants are still waiting for the team to pay them.

You just need to carefully study the team and the white paper of the project. also note the fees. How much soft cup and hard cup does the project want to collect and how much it has collected at this point. It is not superfluous to talk with the team, ask all the questions that you have developed a more correct idea of the project.

You already met 15 scam projects and you are still not familiar how to check a good project? That is unusual. You can use google all you like to check if their team members are real and their partnership with another company is legit. You also better check if that company truly exist. Their social media accounts are not enough so doing deeper research is a plus. I am pretty sure that most investors from 2017 knows how to check if this project has a potential.

There's a lot of ways in order to spot or to choose good project here are some of my tips on how you're going to find a good project (All of these methods are according to my own experiences.)

1. Know the problem that the project would solve
2. Know how are they going to solve it by reading their whitepaper (Professional presentation or formats of the whitepaper might affect because if the project is really a professional it might reflect to their paper)
3. Check the legibility and credibility of each member of the team. What they accomplished or if that person do really exist.
4. Look for legal papers (Optional but some of the legit projects shows legal documents)
5. Local appearances of the team like attending a public conventions, etc.
6. Study on your own whether the project will have an effect and might be useful to crypto industry in the future.
7. Their representatives are always active, ready to answers any questions, giving updates about the progress of the project, etc.

Meeting all these requirements doesn't mean that the project is good because although the project is good sometimes it might close as well or becomes a trash there's a lot of projects that has a promising solutions however most of them ended up as a failed subject or a scam so in conclusion there's always a risk in investing to new projects and these steps or requirements are just way/s in order to lessen your to be scammed again.

I was hoping that you might learn something from me even little and I will read others posts as well in order to gain more knowledge.

I'm also not too good in choosing the legit projects. But I always check and recheck the projects I'm going within. I mean, there are some terms to be learned and analyzed:
1. Whitepaper including the right explanation
2. Website
3. team members, check them on social media and other links
4. Join their community channel and stay tuned

Dont expect us to name you good projects because we dont want to take the responsibility if that failed and you will blame us for your 16th scamed ICO. You should learn from that 15 mistakes and never do that again.

Better do "read and take risk" rather than a "good name and take risk". Words can be deceiving and you can be lured to their webs if you are easily get attached.

I personally choose a proven bounty manager and only participate in his projects. it minimizes the risks

Well, I think you can ask for help from some members in this forum to research the projects which you are intend to join in. At least, you don't meet the scam projects with fake team or plagiarized whitepaper.

There are so many scammers with ICO projects right now. Choosing a good ICO is a hard thing. Your own research is the best thing to do right now.

First thing is please check out their team legit or not and previous experiences.

The second one is checking about that project from ICO rating sites.

Third and the important thing is token details. You have to find their total token allocation, how many tokens for sale, how many tokens for the team, private sale and pre-sale bonus details. Because those things will help to get an idea about token price when listing on exchanges.

The fourth one is the roadmap. Yes, it is, the roadmap will help get an idea about the future of the project.

There are many more things to check before to choose an ICO project. I hope those things will help you.

I think there was more than 500 Project turned scam some how, the stats says in 2018 more than %80 ICO Project failed. So, to choose a good project is very hard in this days. I believe that you don't have to think invest the ICO's anymore. You have to try to invest to coins which is in already in coinmarketcap.