Topic: Is ICO WhitePaper Matter Most? - page 9. (Read 2841 times)
Now indeed we can not rely on a whitepaper in a project because nowadays many are faking whitepapers and convincing a project can run successfully i.e. the project by working with a company that runs real products and the project can certainly get the support of many investors, nowadays many such projects can get satisfactory results.
Who among us here have been victims of almost perfect Whitepaper?
Those sublimely well-written, full of excellent ideas and proposals that turned out to be a piece of crap!
Reading whitepaper is not enough to be a basis of investing in crypto because almost everyone can write whatever they want,
they even promise you the Moon and Stars.
So, be careful now in choosing ICOs, as much as possible look for projects that at least have initially implemented the products or services, if not the whole.
I agree with the picture above, this is the experience I experienced last year, I was fixated on the whitepaper they made and I was stuck in it, I suffered a big loss. but that became a lesson for me, to be more careful in investing in ICO.Those sublimely well-written, full of excellent ideas and proposals that turned out to be a piece of crap!
Reading whitepaper is not enough to be a basis of investing in crypto because almost everyone can write whatever they want,
they even promise you the Moon and Stars.
So, be careful now in choosing ICOs, as much as possible look for projects that at least have initially implemented the products or services, if not the whole.
Most of the people who involve in crypto always looking the source of information in one familiar project, that's why we are so eager to look it in the form that we can understand, now early 2015 ICO has been born and they put the brain of the project on it, Today the whitepaper is just simply to hype people and making us believe on the beauty of their project which is more of the ICO project now failed to perform well.
For me it doesn't matter anymore, I don't look at the whitepaper anymore as they are just hiring good writers for it, the are hiring someone for it to look good but most of them doesn't provide real platform based on their roadmap, so what I am looking for now is a real product working before I will start checking on it.
That is correct, if we look and saw that part of project's roadmap are partially implemented this will give a very significant sign that the project has a bone.
Yes, by now, people have learned their lessons. Projects can write fancy whitepaper with so many technical details in it, but in the end nothing will ever come true to their objectives. But let's not include all blockchain projects. There are still legit and authentic but they are very hard to find. So I think, the most important part of every project is the actual implementation of their platform or the actual development of their app that will attract users.
Yup, some of the ICO failures gives the investors to become cautious because we invested a hard earn money and our responsibility is to double check every project we entered. I always now looking for the result.
For me it doesn't matter anymore, I don't look at the whitepaper anymore as they are just hiring good writers for it, the are hiring someone for it to look good but most of them doesn't provide real platform based on their roadmap, so what I am looking for now is a real product working before I will start checking on it.
That is correct, if we look and saw that part of project's roadmap are partially implemented this will give a very significant sign that the project has a bone.
Yes, by now, people have learned their lessons. Projects can write fancy whitepaper with so many technical details in it, but in the end nothing will ever come true to their objectives. But let's not include all blockchain projects. There are still legit and authentic but they are very hard to find. So I think, the most important part of every project is the actual implementation of their platform or the actual development of their app that will attract users.
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Whitepaper is important to read, but it is not enough. we have to consider others aspect
such as, it is true? achievable? how's bout the team? community? how much token is?
There are many aspect which we should know more. Then if most of them is good, we can make decision to invest or not
at least we reduce the risk by reading and analyzing many aspect of the project
such as, it is true? achievable? how's bout the team? community? how much token is?
There are many aspect which we should know more. Then if most of them is good, we can make decision to invest or not
at least we reduce the risk by reading and analyzing many aspect of the project
The WP gives the initial info about the project, but since 2014 so many WP i've red but there's only few who perform what is written in their WP.
For me it doesn't matter anymore, I don't look at the whitepaper anymore as they are just hiring good writers for it, the are hiring someone for it to look good but most of them doesn't provide real platform based on their roadmap, so what I am looking for now is a real product working before I will start checking on it.
That is correct, if we look and saw that part of project's roadmap are partially implemented this will give a very significant sign that the project has a bone.
For me it doesn't matter anymore, I don't look at the whitepaper anymore as they are just hiring good writers for it, the are hiring someone for it to look good but most of them doesn't provide real platform based on their roadmap, so what I am looking for now is a real product working before I will start checking on it.
I think the Whitepaper is fairly important, but sometimes you really need to know what they are talking about, otherwise they can just tell you anything they want, and use difficult words.
They can also just straight up lie in the Whitepaper so it matters to me but it is not everything what matters.
In the past what I really looked in for Ico's was a strong community that believed in the project and acknowledged the authenticity.
I would talk in the Slack/Telegram at the time and ask questions that where important to me to see who would respond and if they did that right.
Also would do a lot of reading and looking up the people on Linkedin, see what they did before this.
Now a days I think a lot has changed because there are a lot more Ico's and they can look legit with a good story and team but they are just straight up lying about everything just to steal your cryptocurrency.
They can also just straight up lie in the Whitepaper so it matters to me but it is not everything what matters.
In the past what I really looked in for Ico's was a strong community that believed in the project and acknowledged the authenticity.
I would talk in the Slack/Telegram at the time and ask questions that where important to me to see who would respond and if they did that right.
Also would do a lot of reading and looking up the people on Linkedin, see what they did before this.
Now a days I think a lot has changed because there are a lot more Ico's and they can look legit with a good story and team but they are just straight up lying about everything just to steal your cryptocurrency.
At last seen an easily explanation on how most of the ICO works and it's in a meme form which I do appreciate. I've encountered most ICO projects that I've seen a lot of potential before and of course I've invested on some of them and while the project is on going some of them discontinued the project, some of them ended as a scam, some of them are just plagiarized from other authentic projects and some of them have a worst product.
I think most of the users here have experienced this and after some time I gave up on investing to ICOs and just invested to projects with an actual working platform before investing to it.
I think most of the users here have experienced this and after some time I gave up on investing to ICOs and just invested to projects with an actual working platform before investing to it.
Yes ofcourse, white paper is the proof of authentication like how much genuine it is but these days they write whatever they need by giving false statements, people believe on that and they start investing and end up in fail. So it's always good to check their team and development also the address location which they share, we should give opportunity to scammers to entertain here that's the reason investors are not interested to invest in ICO projects these days.
Yes, because fact can be obtained from it, but there are some white paper that it's been dress in other to attract investor, and what it's been writing In the white paper will be different from what they are doing, and manger of the project need to be considered also and the team also to whether are working together or not
Responding to the topic.
Although whitepaper may not be what matters most, whitepaper does matter in any project. The only thing here is that most projects only write what will attract investors on their whitepaper and in the end, do something different.
Although whitepaper may not be what matters most, whitepaper does matter in any project. The only thing here is that most projects only write what will attract investors on their whitepaper and in the end, do something different.
WP can be an addition to avoid the risk of the project since it will be giving you the outcome or possible outcome of the project but still, you will never deny that most of project got the perfect WP but in the end, they will not follow what it is planned.
To good to be true, as we've all experienced the worst part of every ICO whitepaper, I think most of us here in this forum where now learned a big lesson that's why ICO nowadays will not and never get any investors here in BTT.
Responding to the topic.
Although whitepaper may not be what matters most, whitepaper does matter in any project. The only thing here is that most projects only write what will attract investors on their whitepaper and in the end, do something different.
Although whitepaper may not be what matters most, whitepaper does matter in any project. The only thing here is that most projects only write what will attract investors on their whitepaper and in the end, do something different.
WP can be an addition to avoid the risk of the project since it will be giving you the outcome or possible outcome of the project but still, you will never deny that most of project got the perfect WP but in the end, they will not follow what it is planned.
Responding to the topic.
Although whitepaper may not be what matters most, whitepaper does matter in any project. The only thing here is that most projects only write what will attract investors on their whitepaper and in the end, do something different.
Although whitepaper may not be what matters most, whitepaper does matter in any project. The only thing here is that most projects only write what will attract investors on their whitepaper and in the end, do something different.
I agree with the picture above, this is the experience I experienced last year, I was fixated on the whitepaper they made and I was stuck in it, I suffered a big loss. but that became a lesson for me, to be more careful in investing in ICO.
I also suffered losses from ICO investments. but like you, I chose to get out of a bad moment and try again to trade and return capital to invest in the market. now I am back with enough capital with daily trading which gives me more money.I also experienced big loses in investing ICO on their early years here in bitcointalk, yes of course Im hoping and lure with a beautiful promises written in their white paper, later on I've discovered that all of my ICO token never hit the promise value even the years pass by. So today, I'll stick with trading.
Gone are the days when white paper was attached with so much importance, then you could tell where the project is heading for, but right now even scam projects hire people to write white paper for them and lure investors into, basically what I really watch out for now is the team behind the project, that could give a little guarantee of the project success.
not only is the white paper important, the background of the project is also very important, who their CEO is, who the team is in, that's an important point Whitepaper is important to read, but it is not enough. we have to consider others aspect
such as, it is true? achievable? how's bout the team? community? how much token is?
There are many aspect which we should know more. Then if most of them is good, we can make decision to invest or not
at least we reduce the risk by reading and analyzing many aspect of the project
such as, it is true? achievable? how's bout the team? community? how much token is?
There are many aspect which we should know more. Then if most of them is good, we can make decision to invest or not
at least we reduce the risk by reading and analyzing many aspect of the project
The WP gives the initial info about the project, but since 2014 so many WP i've red but there's only few who perform what is written in their WP.
What's worse is that some still have the thoughts of plagiarizing as well. You can see some of those in the Scam Accusations board.
I agree with the picture above, this is the experience I experienced last year, I was fixated on the whitepaper they made and I was stuck in it, I suffered a big loss. but that became a lesson for me, to be more careful in investing in ICO.
I also suffered losses from ICO investments. but like you, I chose to get out of a bad moment and try again to trade and return capital to invest in the market. now I am back with enough capital with daily trading which gives me more money.Almost all of us suffered from flowery words from the dev team, for sure most of us already invested in ICO which didn't give any returns at all, so we told ourselves not to invest in ICO anymore. And one of the reason we invested was because we were amaze what had written in their whitepaper, having a lot of promises, goals, mission and vision which we believed might come true.
I agree with the picture above, this is the experience I experienced last year, I was fixated on the whitepaper they made and I was stuck in it, I suffered a big loss. but that became a lesson for me, to be more careful in investing in ICO.
I also suffered losses from ICO investments. but like you, I chose to get out of a bad moment and try again to trade and return capital to invest in the market. now I am back with enough capital with daily trading which gives me more money. Who among us here have been victims of almost perfect Whitepaper?
Those sublimely well-written, full of excellent ideas and proposals that turned out to be a piece of crap!
Reading whitepaper is not enough to be a basis of investing in crypto because almost everyone can write whatever they want,
they even promise you the Moon and Stars.
So, be careful now in choosing ICOs, as much as possible look for projects that at least have initially implemented the products or services, if not the whole.
I agree with the picture above, this is the experience I experienced last year, I was fixated on the whitepaper they made and I was stuck in it, I suffered a big loss. but that became a lesson for me, to be more careful in investing in ICO. Those sublimely well-written, full of excellent ideas and proposals that turned out to be a piece of crap!
Reading whitepaper is not enough to be a basis of investing in crypto because almost everyone can write whatever they want,
they even promise you the Moon and Stars.
So, be careful now in choosing ICOs, as much as possible look for projects that at least have initially implemented the products or services, if not the whole.
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