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Topic: Keep these things in mind when you are into crypto world - page 14. (Read 1554 times)

member
Activity: 308
Merit: 17
This is a good tips specially to those who are planning to invest in any ICO. A lot of scams in a cryptoworld and if you didn’t make any effort to study the project you’ll be a victim of scam, let’s keep our money always on the safe side even the risk is high.
yes, I agree with you because I have experienced it when I do an investment activity on an ICO program but it turns out it was just a scam. and of course it would be an experience for me to be more selective in choosing ICO to make an investment. and over some tips presented OP obviously it is very helpful.
full member
Activity: 756
Merit: 102
Thank you for your advice, but I think it is not good time to take part in ICOs, most of the ICOs have not enough value, but so much risky.
You need to choose the things in which you are very much sure that participating in that thing will give you an opportunity of having a better earning and that if you are not comfortable with ICO’s, it is better not to go for it. Other than this, you can also participate in any of the bounty campaign as this is also one of the best possible way of making more earnings and that too without any investment.

bounty campaigns is still the same as ico because majority of bounty are run by an ico and that simply means they are still both risky. ive been also a participant of most bounty ico campaigns on the past and i also experienced getting scammed , not once not twice but most of the time and i feel pretty pissed off. that is why after i ranked up to much higher rank , i decided to quite joining bounties because my efforts will only got wasted for nothing even though i successfully completed their task. but overalll ico bounties do have a high potential when it comes to earning big when compared to other methods.
member
Activity: 854
Merit: 10
Thank you for your advice, but I think it is not good time to take part in ICOs, most of the ICOs have not enough value, but so much risky.

There is a concept in business which states, "the higher the risk, the higher the return." Indeed, ICOs are extremely risky to invest in, but choose the right one and you can turn a few hundred dollars to millions! You don't need to look far, just look at bitcoins. BTC started like $0.000001 or even a lot more zeroes. That translates to millions of dollars if you bought some back when it started.
Exactly! And the good thing is that if you are even able to identify to some good extent the ICO that is not worth it, based on the team, the availability of product and how relevant that product can be or useful to the world entirely, then you should at least know you are taking some calculated risk with the possibility of a high return which even makes ICOs awesome to be a part of. You can only be exposed to a huge risk if you just invest blindly.

In the beginning, they are not exposing anything about the product, just they are giving demo video how the product is going to be. By seeing it we cannot able to conclude that project will reach the new milestone in the world, of course, the team is also main important but how can we correlate all these things at one place.
hero member
Activity: 3220
Merit: 678
www.Crypto.Games: Multiple coins, multiple games
I agree with you, when we start any investment or trading then we should be-careful and search about it mustily, Otherwise a big loss is waiting for us, if we start trading with search. Once a time, i started investment in a site without any search and later on this site was scam me. So that was a bad experience for me, and till now i search firstly and secondly i do start, and as you explain these are basic and necessary rules, every new trader should follow these.
Yes i can see, you are hero member now , which shows that you are experienced now  Smiley

Time teach us those things which no one can teach.
Yeah, time always do, but sometimes those who are smart and new to some things always ask questions and learn from those who have made the mistake. The reason why a lot of people always make mistakes is because they usually believe everything is just okay without trying to see how they can always make things better.

However, it is not like mistakes are bad, at least they make you learn, but the reason why a lot of people document their mistakes is so others can learn from it. For instance, a newbie seeing what you have posted and smart enough to utilize it, will hardly find himself being a victim of scam.
member
Activity: 332
Merit: 12
I agree with you, when we start any investment or trading then we should be-careful and search about it mustily, Otherwise a big loss is waiting for us, if we start trading with search. Once a time, i started investment in a site without any search and later on this site was scam me. So that was a bad experience for me, and till now i search firstly and secondly i do start, and as you explain these are basic and necessary rules, every new trader should follow these.
Yes i can see, you are hero member now , which shows that you are experienced now  Smiley

Time teach us those things which no one can teach.
It is a common principal that you get to know more number of things at time when you spend your time on a specific thing. Same is the case when you talk about any of the crypto currency. If you will remain there in this world for longer period, then you will surely be able to learn far more things and that you will be able to get higher ranks as well while being part of any of the bounty campaign.
full member
Activity: 518
Merit: 145
Thank you for your advice, but I think it is not good time to take part in ICOs, most of the ICOs have not enough value, but so much risky.

There is a concept in business which states, "the higher the risk, the higher the return." Indeed, ICOs are extremely risky to invest in, but choose the right one and you can turn a few hundred dollars to millions! You don't need to look far, just look at bitcoins. BTC started like $0.000001 or even a lot more zeroes. That translates to millions of dollars if you bought some back when it started.
Exactly! And the good thing is that if you are even able to identify to some good extent the ICO that is not worth it, based on the team, the availability of product and how relevant that product can be or useful to the world entirely, then you should at least know you are taking some calculated risk with the possibility of a high return which even makes ICOs awesome to be a part of. You can only be exposed to a huge risk if you just invest blindly.
hero member
Activity: 1092
Merit: 523
Thank you for your advice, but I think it is not good time to take part in ICOs, most of the ICOs have not enough value, but so much risky.
You need to choose the things in which you are very much sure that participating in that thing will give you an opportunity of having a better earning and that if you are not comfortable with ICO’s, it is better not to go for it. Other than this, you can also participate in any of the bounty campaign as this is also one of the best possible way of making more earnings and that too without any investment.
legendary
Activity: 1288
Merit: 1036
Thank you for your advice, but I think it is not good time to take part in ICOs, most of the ICOs have not enough value, but so much risky.

There is a concept in business which states, "the higher the risk, the higher the return." Indeed, ICOs are extremely risky to invest in, but choose the right one and you can turn a few hundred dollars to millions! You don't need to look far, just look at bitcoins. BTC started like $0.000001 or even a lot more zeroes. That translates to millions of dollars if you bought some back when it started.
Absolutely agree with that but we also have to understand that the main reason why a lot of people always scream about this issue of risk is because they do not do what is necessary before investing in any project.

They are always fond of looking through the surface only, the whitepaper, the road-map and a pimped website without even bothering to take proper note of the team that would be doing the job. If a team is not right and I like the idea of the project, I would rather wait for the coin or token to hit the exchange first.
legendary
Activity: 3346
Merit: 1191
3 things i always check when research an ICO:
- Their purpose: what can it solve? And compare with other competitor in the market. You can read ANN thread to check this
- Whitepaper: read through their technology, advantages and roadmap, what did they done in the past, and intended for the future
- Team: the most important part: you should check carefully, read their profile (in Linkedin) carefully. A project with a strong team behind are always assure for their sucessfull
Yes, most importantly, the developer team must be compatible because all of the failing ICOs come up with irrelevant team. Often teams with close relationships are more successful and tolerant.


And community opinion about the upcoming ico. In the sea of so many icos its important to know what people think about it, and is that ico have a positive feedback from community. I relay on this forum a lot, even there are many spammers there are some people who's words worth a lot. I like to see what they think about upcoming ico and mostly they are very accurate in their predictions.
I don't bother my brain with white paper, that is way to complicated for my brain, there are too many expert terms, and so many pages, I leave that to experts to investigate and give their opinion. When you think about it my strategy is simple, investing in sound icos is the safest investment we can make, approved by some experts and big community is OK for me to.
legendary
Activity: 1442
Merit: 1025
I agree with you, when we start any investment or trading then we should be-careful and search about it mustily, Otherwise a big loss is waiting for us, if we start trading without search. Once a time, i started investment in a site without any search and later on this site was scam me. So that was a bad experience for me, and till now i search firstly and secondly i do start, and as you explain these are basic and necessary rules, every new trader should follow these.
Yeah, being careful is the only thing that can really help us to take advantage of the good ones. As risky as the ICO space sounds, we are the ones who either make it risky for ourselves by not doing what is important.

I cannot get scared away from ICO because a bunch of them are scams, but the best is to find ways to filter out by yourselves the good ones from the bad ones, which a lot of people usually do not. I even get to take the team member first before going through any whitepaper so as to clear my doubts in that direction.
hero member
Activity: 1400
Merit: 536
3 things i always check when research an ICO:
- Their purpose: what can it solve? And compare with other competitor in the market. You can read ANN thread to check this
- Whitepaper: read through their technology, advantages and roadmap, what did they done in the past, and intended for the future
- Team: the most important part: you should check carefully, read their profile (in Linkedin) carefully. A project with a strong team behind are always assure for their sucessfull
Yes, most importantly, the developer team must be compatible because all of the failing ICOs come up with irrelevant team. Often teams with close relationships are more successful and tolerant.
member
Activity: 378
Merit: 10
Certainly correct. Those information will give us an idea if those ICOs are fake or scam so that the potential investors get some guide on which ICO they will invest.
full member
Activity: 392
Merit: 100
I really appreciate you for informing me about ICO, and here I happen want to learn and deepen more related to investment in ICO, it's really helped me. Because after all the advantages of crypto.. there are still many things that can make us even causes high losses to be deceived by people who're not responsible. Not only in ICO, sometimes it often follows ICO campaigns but is not paid, such as my friend.
copper member
Activity: 252
Merit: 3
ENCRYBIT — FUTURE OF CRYPTOEXCHANGE
There are many things to take care and keep in mind while dealing with cryptocurrencies. Do a quick research and know the fundamentals of cryptocurrencies. This will help you to plan your strategy for investment and trading.

Next, is check the status of your country on cryptocurrencies. Do the stuff on safe side binding the rules and regulations.

Choosing the most appropriate exchange and wallet based on your country and their terms & conditions. And after finalizing, do not share it on social media, keep it to yourself.

Use the advanced analytics tools for trading and investment guide. Some exchanges provide these facilities in-house. Determine entry and exit points, set profit limit and try to minimize the risk as much as possible. For more tips, do follows the link: https://medium.com/@enbofficial/going-to-invest-in-bitcoin-read-this-before-you-go-ahead-d90dd157d0b0.

More suggestions @ https://www.quora.com/in/What-do-you-think-of-these-ways-to-protect-cryptocurrency-what-are-other-suggestions/answer/Jitendra-Rajput-1

Prevent risks: https://www.quora.com/What-should-investors-do-to-prevent-any-risks-from-Bitcoin-in-2018/answer/Jitendra-Rajput-1
full member
Activity: 714
Merit: 100
Agree with you. There are many ICO cheats now.

We must do our due diligence before investing, which is very time-consuming, but very necessary.

They used all sorts of disguises to swindle people out of private money.
Yes whitepaper consumes some time. I make a rule. In a week i select 1 ICO project and read their whitepaper on weekend. It makes everything easy  Smiley
Utilizing yourself on checking out 1 ICO/project on a single week is too much on my part.I can do it on a single day for a single project or even more.How? Just summarize it and theres no need to read up the whole WP. Just get the keypoints and the most important informations which will justify or convince you out on investing into a certain project.We should always put up in our minds on avoiding all shady projects.

Yeah right .no need to read the whole page of the paper ,instead all you need to read is the key items on why do you think they are the best. however majority of ico is sometimes decieving due to the fact that their details may seem promising but at the middle of the campaign they will only stopped or postponed because of some problems like lack of funds or worst they turned into a scam. yet reading their important infos will still be beneficial for you in the long run in order to chose the best posible ico.
full member
Activity: 476
Merit: 92
newbie
Activity: 42
Merit: 0
This is a very good checklist for ICO's. I'd also check if they have a good community backing the project. The best ideas can be a failure without a strong community
hero member
Activity: 1274
Merit: 622
Thank you, that's very informative, I always point up the white paper, team and project development details. I didn't know about fake emails, though, can you tell about some specific differences between fake mails and websites and the genuine ones.
newbie
Activity: 280
Merit: 0
ETK Ethereum Key Scam
METH I think too
And RSK AirDrop + ICO now too again
 Huh So more scam 🤥
full member
Activity: 196
Merit: 100
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