Prove that you shouldn't rely on icobench and others

cvasy

sr. member

Activity: 520

Merit: 250

KUWA.ai

Quote from: Byakuga on November 15, 2019, 05:55:39 AM

This is a warning to all newbies that seek help from ico rating websites when they are looking for projects to invest money on..

Facts
- You have good money to pay? you will get good rating on the platform, this is the way of ico rating websites
- Good projects can get bad rating on them, and that doesn't mean they are bad project..

For example, you must have been hearing about how successful gowithmi project was right? check out the rating on icobench using the link below.

https://icobench.com/ico/gowithmi

The score is 3.3 where as projects that have better rating turned scam as well, all i am saying is its better to rely more on your own research and not rating.

Some projects have certainly approached several websites that do provide information about the ico project, so, I think the rating is no longer purely an analysis of the website, of course ico developers will not hesitate to pay a website to increase the popularity of their project, and to make it easier attract investor interest to invest and I strongly agree if we and other investors do not make a rating on the website as an excuse to invest without our analysis of the that ico project.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: aemma on November 23, 2019, 01:58:03 PM

This is true and with no iota of doubt whatsoever, those rating websites has caused more harm than good. Most of these scam ICOs really passed through their website and investors believed thus investing. It's been long I learnt that truth and stopped using their website for anything whatsoever; I now bank on what I know about any project before putting my funds, at least am now responsible for my risks and investments.

I'm glad that you realized the truth and you stopped trusting in those useless rating websites, I have always found interesting that people that do not know anything about investing try their luck in this market which is so difficult to predict and the only way they have to tell whether or not a coin can be a success in the future are those rating websites, this is the equivalent of taking financial advice from someone that you do not know on the street and then following that advice.

JCviggen

hero member

Activity: 1260

Merit: 505

Age Of Mars | GameFI Virtual colonization of Mars

Quote from: Gotumoot on November 20, 2019, 11:02:13 AM

Nowadays money is the basis for you to be number 1. Because if you have no money no one will accept you to become friends and only a few of your true friends can be trusted. This is similar to what is happening today in ico campaigns because they buy their rating to be number one. So it's better now that we shouldn't rely on ico rating websites, and we should know what real ico is yet to be trusted.

I don’t even open rating sites. Rating sites a long time ago become terrible. maybe a few years ago you could find useful information on these sites, but now it's just a trash can.

aemma

copper member

Activity: 966

Merit: 14

This is true and with no iota of doubt whatsoever, those rating websites has caused more harm than good. Most of these scam ICOs really passed through their website and investors believed thus investing. It's been long I learnt that truth and stopped using their website for anything whatsoever; I now bank on what I know about any project before putting my funds, at least am now responsible for my risks and investments.

dataispower

sr. member

Activity: 1330

Merit: 289

Quote from: Byakuga on November 15, 2019, 05:55:39 AM

This is a warning to all newbies that seek help from ico rating websites when they are looking for projects to invest money on..

Facts
- You have good money to pay? you will get good rating on the platform, this is the way of ico rating websites
- Good projects can get bad rating on them, and that doesn't mean they are bad project..

For example, you must have been hearing about how successful gowithmi project was right? check out the rating on icobench using the link below.

https://icobench.com/ico/gowithmi

The score is 3.3 where as projects that have better rating turned scam as well, all i am saying is its better to rely more on your own research and not rating.

I really like your point of view, some crypto enthusiasts depend solely on ICO rating websites when deciding what token sale to participate in without doing Personal due diligence. Checking these ICO rating sites when doing research is OK, since it helps one know some facts about the project, but it shouldn't be your "decision maker". It's irony that some projects which got 5.0 ratings on ICOBENCH still failed over time, this should let us know most of these ratings are paid ratings.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: Triffin on November 21, 2019, 10:50:39 AM

Quote from: Silberman on November 19, 2019, 10:47:14 AM

Quote from: hatshepsut93 on November 15, 2019, 12:03:09 PM

You can't get a good investment advice for free from a public platform, it has always been the truth - technical analysis, price predictions, altcoins picks and all other advises that you can get from free sites, they all either worthless or straight up malicious. This is why it's a bad idea to tell people to simply "do their own research" when they are newbies - chances are they will think that reading these ICO rating sites counts as research, not knowing how scummy they are.

Even if you are right at the same time I would expect better of the people investing in cryptocurrencies, even the most superficial knowledge about this market will tell a newbie that this market is about decentralization and not relying on a central authority to tell you what it is right or wrong, and yet when it comes to decide in which coin to invest they rely on a website that is centralized and that has all the wrong incentives to accept bribes in exchange for better ratings.

That makes sense. After all, this guy also has to do business and make money. If icobench will not ask for payment in exchange of rating, how is it going to sustain? To avail a service, we need to pay first. But the payment is a high one. All of the businesses have same way of earning money. They can manipulate stuff so ask money in return. Anyway, best of luck to your friend for his project and ratings.

And this is not only problem for icobench or any other similar websites, this has been a problem for review sites of all kinds for a very long time, it is obvious that they would like to give fair reviews about the icos in the market but they need to have a profitable site and that makes them susceptible to be bribed, and icos want to get the best review possible to attract the most investors and most developers have no problem paying for it, taking all of this into consideration it is better to never rely on those websites when you are deciding in which coin to invest.

joshy23

sr. member

Activity: 1078

Merit: 256

Quote from: Gotumoot on November 20, 2019, 11:02:13 AM

Nowadays money is the basis for you to be number 1. Because if you have no money no one will accept you to become friends and only a few of your true friends can be trusted. This is similar to what is happening today in ico campaigns because they buy their rating to be number one. So it's better now that we shouldn't rely on ico rating websites, and we should know what real ico is yet to be trusted.

You need to research more before trusting anything, even there's good reviews you can't relied on it. It's all about money and most of those review sites
are receiving payments so they will have good place from the sites. It's unreliable so best to have your own ways to research and assess everything regarding to the intentions and the progress of the project before supporting. The whole process will be in your own observations and not with anyone else.

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

Quote from: Triffin on November 21, 2019, 10:50:39 AM

That makes sense. After all, this guy also has to do business and make money. If icobench will not ask for payment in exchange of rating, how is it going to sustain? To avail a service, we need to pay first. But the payment is a high one. All of the businesses have same way of earning money. They can manipulate stuff so ask money in return. Anyway, best of luck to your friend for his project and ratings.

Speaking of the truth they could still sustain through their banner but it wont make that much profit. The bribing is what makes their wallet and although that practice is wrong in so many ways they are still doing it for the sake of profit. Guess what, that alone could actually explain the recent trend of ico list that are sporadically spreadout across the internet.
The only thing that make it unfortunate is probably the fact that there are no people who wants to provide a platform to expose such practices to the public and that's why their reputation is untouched even after doing such practices.

Quote from: Gotumoot on November 20, 2019, 11:02:13 AM

Nowadays money is the basis for you to be number 1. Because if you have no money no one will accept you to become friends and only a few of your true friends can be trusted. This is similar to what is happening today in ico campaigns because they buy their rating to be number one. So it's better now that we shouldn't rely on ico rating websites, and we should know what real ico is yet to be trusted.

Unfortunately if something like that is not stopped, it will be a massive burden for the people here. Imagine an ICO rating website is giving 5 stars out of nowhere to fake project and ended up scamming so many people meanwhile the ICO rating website can just get away with the money.

Iyeman

sr. member

Activity: 1183

Merit: 251

Quote from: aioc on November 19, 2019, 11:02:24 PM

I do not trust ICOBENCH anymore to give me recommendation about where to invest my money, they are inaccurate in giving recommendation on what are the best ICO to invest, but still, subscribe to their newsletter because of their market reviews, I'm doing this for comparison they looks good at it but not when it comes to ICO.

The majority of smart investors never trusted icobench and we can try to see that through the traffic of the icobench itself. Some may very accurate just like icodrop but other than it like icobench could not be created since it was created. When the popularity of icobench increased a little bit and icobench has started to convert it into the money.

Triffin

sr. member

Activity: 952

Merit: 251

Quote from: Silberman on November 19, 2019, 10:47:14 AM

Quote from: hatshepsut93 on November 15, 2019, 12:03:09 PM

You can't get a good investment advice for free from a public platform, it has always been the truth - technical analysis, price predictions, altcoins picks and all other advises that you can get from free sites, they all either worthless or straight up malicious. This is why it's a bad idea to tell people to simply "do their own research" when they are newbies - chances are they will think that reading these ICO rating sites counts as research, not knowing how scummy they are.

Even if you are right at the same time I would expect better of the people investing in cryptocurrencies, even the most superficial knowledge about this market will tell a newbie that this market is about decentralization and not relying on a central authority to tell you what it is right or wrong, and yet when it comes to decide in which coin to invest they rely on a website that is centralized and that has all the wrong incentives to accept bribes in exchange for better ratings.

That makes sense. After all, this guy also has to do business and make money. If icobench will not ask for payment in exchange of rating, how is it going to sustain? To avail a service, we need to pay first. But the payment is a high one. All of the businesses have same way of earning money. They can manipulate stuff so ask money in return. Anyway, best of luck to your friend for his project and ratings.

Gotumoot

sr. member

Activity: 1372

Merit: 261

Nowadays money is the basis for you to be number 1. Because if you have no money no one will accept you to become friends and only a few of your true friends can be trusted. This is similar to what is happening today in ico campaigns because they buy their rating to be number one. So it's better now that we shouldn't rely on ico rating websites, and we should know what real ico is yet to be trusted.

Mumbeeptind1963

hero member

Activity: 1190

Merit: 568

Sovryn - Brings DeFi to Bitcoin

Quote from: aji567 on November 19, 2019, 11:46:52 PM

I agree with you, I also found many projects that indicated scams and bad ratings, but in the end said it was different.
quite the contrary, the project went well and was successful. In the end, I made a personal decision and began to follow my heart and feelings.

Yep! Because what I have thought before, they are paid for advertisement and for giving a high ratings in every projects, in order for you to got 5stars or 10/10 you need to pay them little bit higher for every months they will advertise your project. And there was a rumor that some advisors there that gives low and bad feedback if you want to remove that or give you high rating you should pay them, and it is not good for a potential project.

ragavancoin

hero member

Activity: 1432

Merit: 500

"Not" every thing what we see or hear in internet is fake or scam. There are some websites and and projects which are scam. First of all people go by good ratings but actually the thing is they get paid by experts for good ratings.

In this digital world should be more careful and do there own research and check out the projects or websites is scam or not.

In Digital world can't rely on anything may be icobench or other things.

Yes people go by rating only so do research by yourself.

Anonylz

hero member

Activity: 2562

Merit: 577

I think people are much wiser now, good thing such information are been made open to the public so that many can have a better idea about what is actually going on in this rating sites, back in 2017 many people rely on this sites to make decisions to invest on any project, but most of this highly rated project did not meet up to expectations, now with all this news comping about rating sites, many people understand now that they are not the best way to get information to guide the decision to invest.

aji567

member

Activity: 728

Merit: 10

I agree with you, I also found many projects that indicated scams and bad ratings, but in the end said it was different.
quite the contrary, the project went well and was successful. In the end, I made a personal decision and began to follow my heart and feelings.

aioc

hero member

Activity: 2926

Merit: 567

I do not trust ICOBENCH anymore to give me recommendation about where to invest my money, they are inaccurate in giving recommendation on what are the best ICO to invest, but still, subscribe to their newsletter because of their market reviews, I'm doing this for comparison they looks good at it but not when it comes to ICO.

NathanJB

sr. member

Activity: 756

Merit: 251

Quote from: lighpulsar07 on November 19, 2019, 10:31:50 PM

Well these ICO review ratings site are always paid to promote fake reviews and ratings just to say their the coin rated and reviewed by the site legit and to attract investors to steal their money and run away. if i were you, just rely here on bitcointalk there are alot of scam ICo/IEO scams are being exposed here everyday and always be careful on investing on something .

Bitcointalk is offering a lot of information about the new projects. Some members are even reviewing the project's whitepaper and team members to make sure that they are legit and not just copy-pasted or stolen from other resources. But I recommend to use all available resources to know whether the project is good or bad. It is also better if you personally will do the reading and researching.

lighpulsar07

sr. member

Activity: 518

Merit: 271

Well these ICO review ratings site are always paid to promote fake reviews and ratings just to say their the coin rated and reviewed by the site legit and to attract investors to steal their money and run away. if i were you, just rely here on bitcointalk there are alot of scam ICo/IEO scams are being exposed here everyday and always be careful on investing on something .

Congyang

full member

Activity: 882

Merit: 110

Quote from: Byakuga on November 15, 2019, 05:55:39 AM

This is a warning to all newbies that seek help from ico rating websites when they are looking for projects to invest money on..

Facts
- You have good money to pay? you will get good rating on the platform, this is the way of ico rating websites
- Good projects can get bad rating on them, and that doesn't mean they are bad project..

For example, you must have been hearing about how successful gowithmi project was right? check out the rating on icobench using the link below.

https://icobench.com/ico/gowithmi

The score is 3.3 where as projects that have better rating turned scam as well, all i am saying is its better to rely more on your own research and not rating.

sometimes relying on a ranking website does not determine the success of a project. we can see if there are so many projects that fail or scam. research itself gives us confidence and also how it affects our profits. so in my opinion the analysis and research itself will be better than anything

plast555

sr. member

Activity: 951

Merit: 259

Quote from: X-ray on November 19, 2019, 01:17:09 AM

Quote from: plast555 on November 18, 2019, 07:00:38 PM

Quote from: allthebitandbobs on November 17, 2019, 12:14:08 PM

ICO/IEOS our pretty much dead anyway .Their was money in 2017 .Now it just a front for money laundering no legit investors our retail investors left in the market .All the numbers are fake of what projects raise now

Compared to the year 2017, ICO and IEOs are actually not over. Only the fraud ICOs are over.
There are many reasons for this, but I think the AML and IEO process provides this opportunity.

True though. Most of the ICO that are fraud ended up exposed within short amount of time nowadays since people have learned from the past quite different to back in the days when even a 12yo could make an ICO and get away with it.
Currently the complicated process of partnering with popular exchange for IEO is indirectly contributes to the elimination of fraud ICO and decreasing their motivation because most of people nowaday prefer IEO anyway. But, there are also some legit ICO aswell, can't generalize something like that.

Yes, that's true, but people now approach ICOs with prejudice, including me.

Just because a project offers an IEO doesn't mean the price of that project will be doubled, but it does mean you will not lose "all" of the money. In this respect, I find IEOs much more successful and reliable.

And I don't think I will invest in any ICO after that.

Topic: Prove that you shouldn't rely on icobench and others (Read 860 times)