Topic: How will you advice a newbie about this in 2024? - page 3. (Read 371 times)

Yes, a very big red flag. I believe a new project coming into the space with a lot of potentials would already understand the basics, what is wrong and what seems right that will encourage investors to participate in them. They should also have known that most advanced and whale investors would not agree to invest in their project as it is a replica of another project and no amount of hype will convince them. White paper emphasis on attributes of the project that should warrant an investor to invest and if it is being found plagiarized then meaning the project lacks authenticity, no potential to give ROI, lack trust and likely a scam.

This time around, both the new and old investors are looking for potential coins that will give them profits, not a project whitepaper that doesn't define how successful a project can be if it lacks investors or exposure to the cryptosphere.

I think, nowadays, investors(new and old) are not more interested in going through a project whitepaper and what it has to offer. What investors care to see is how much has been raised for the project's success, the people behind it, what's the max price, and what they stand to gain if they should invest within a short period since altcoin is good for a short term plan, not long term

DEFINITELY a yes.  By copying the White Paper and only 'fine tuning' it, it shows they have zero interest in the actual Project and are focusing solely on creating a Coin for financial gains.

A serious team that truly wants to create something new and innovative will spend their time not to fine tune the work of some body, but to build their own thing using their own words and effort.  If you do not even spend time writing a White Paper, how are you supposed to work on making your product shine?

The thing about investing in other coins is nobody is actually stopping anyone from investing in Altcoins, but the fact that you need to actually do more research about many things to understand the potential of the coin is really something that a newbie cannot understand. That’s why the advice is always simply telling the newbies to stick to bitcoin alone, because it is the on coin which nearly everyone agrees with its potential.


First thing is, even a unique white paper doesn’t guarantees the project is going to be a good one, the only difference with a plagiarized one is the fact that at the starting stage one is putting up the work while the latter is scammers move, any plagiarized white paper shows that the team is definitely not serious about that project.

Yes white papers this days are similar because most of the coins or project this days just have similar utility with little changes only. You see gaming, AI or RWA project having similar utilities but only the blockchain to lunch it differs



Yes a team for a project should definitely be a great concern. You cannot go and be investing in a project which the team handling it have been called for past scam projects multiple times. Also this doesn’t mean you should just trust projects too that list developers that have good record in the past because they could still be used as bait, most of which some do not even know of the project.

All in all be wary of any crypto projects that Is not bitcoin, any money invested in them is pure gambling. Invest what you can afford to lose

Every new altcoins are good altcoins in the first year of launch, if they haven't seen any new bull market its better, because after a bull market there is 90% chance that they will die or get abandoned, that's why it is good to go after projects that raised good amount of money in a bear market before a bull market.

If I have the privilege to advice any newbies, I will tell them to give less attention to white paper, they are available to know more about the project and other future plans, but they must not let the white paper be the reason that they invest in the project, I think OP is right that team past experinece is a big plus, they will handle the present project even better.

Mind you, all these is about making money from the project when a bull market comes, newbies must not marry their bags because altcoins always dissapoint after a bull market, have it in mind that you invest only to dump after the altcoins make a new highs, secure your profits and think more about buying more Bitcoin.

Me as a bitcoin lover and who has been in space for years now won't advise a newbie to go into investment on a newly birth coin, why because they may not know much about that project and could got scammed at the end. The best thing to do is when investing in newly birth coin only invest the amount that wouldn't affect them even though they turns out to be scam, and also whitepapers nowadays has been so common to plagiarised since most project looks alike and we can't just do anything to them because every projects has their mission even though the whitepaper seems to be copied is then left in your hands to know if you would invest or not. As for me when I found out a project is being plagiarized or whatever then I won't moved to have my money sink into that projects because likely folding is inevitable and newbie should focused investing into bitcoin or some established altcoin.

Lessons and advises are the same because scammers do the same year by year, in previous bull markets, this bull market and future ones.

Advises for newbies are available on the Internet, and if they are careful, they can find those resources and read them. If they are careless, they will not search and even ignore your advises too.

Scammers are pretty stupid and people who are victims of scammers are pretty stupid and lazy.

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The whitepaper may look the same like if a coins is a gaming coin, but if you compare it other ones, you will still noticed that the whitepapers are not plagiarized because if a white paper is 70% or more plagiarized, know that it belongs to scammer somewhere who is looking for ways to scam. Whitepaper is still important in a project success.

The year is 2024 and we still have many newbies flooding into crypto space as we speak, they have one goal in mind, to make money from crypto projects, we all can't change their minds to go for Bitcoin only, at least until they get better with doing their own research.

Coming from someone who is also into other projects different from Bitcoin, I have seen a lot of things unfold in this space.

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For example, copied white paper is no longer a big red flag like before, I said this because even big projects do this today, and change some things in a whitepaper or let me use the word "finetune" to their own tastes.

I am willing to ask the audience though, so here it is,  is a copied white paper still a red flag for projects? If a newbie ask you this question what will be your answer to them?

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Because this days, roughly all projects have same utilities, and also white papers, the only real difference I can see is the team members, and the money they are able to raise, is it a good advice to tell a newbie to count more on the team past experinece? Because saying this means that the team will atleast know how to do marketing and pump their token on their first bull market experience.

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