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Topic: What makes you trust a crypto project? (Read 373 times)

member
Activity: 148
Merit: 10
February 02, 2018, 06:53:02 AM
#47
research is the only thing i do for trusting crypto projects. i just read their white paper and analize their goals then eventually i evaluate if their project is worth it. experience, time and effort is needed in determining wether you will trust a project.
I agree on that,I do research in order for me to trust a crypto projects.Mostly i look into the project thread,Team Composition, read also the whitepaper, and consider the community or media. Like for example,looking in the project community.It is crucial to have a wide open supporting community like a public Slack for all investors. Openness is as crucial in gaining our trust to a crypto project.
sr. member
Activity: 1064
Merit: 253
February 01, 2018, 02:37:10 PM
#46
research is the only thing i do for trusting crypto projects. i just read their white paper and analize their goals then eventually i evaluate if their project is worth it. experience, time and effort is needed in determining wether you will trust a project.
member
Activity: 686
Merit: 11
January 31, 2018, 05:18:41 AM
#45
Projects that were not announced on this forum pass by my attention)
First, what they offer. What task they solve and how.
Secondly, the general view of the site and the team.
Thirdly, on this forum research on the announcement, bounty, opinions of people and teams (like Amazix).
newbie
Activity: 60
Merit: 0
January 31, 2018, 04:51:59 AM
#44
Coins telling that their first priority is developing platform and wallet are my best. Other lame coins keep suggesting they are gonna moon, they have partners etc. I try to avoid this kind of coins.
hero member
Activity: 966
Merit: 500
January 31, 2018, 03:38:48 AM
#43
Is there something that makes you trust (or at least to take a leap of faith on) a project before the ICO stage (not a Pre-ICO for the big whales), before you can see the pics of a team and rush through few pages of the WhitePaper/brief or take a peek at the future RoadMap. Meaning would you do anything before you can see the value of the project/token/something else. No investments or heavy work, just spread the word and maybe leave your email for the team.

Would you trust a project if it was featured in an article on some site you trust or would the simple advertisement on the same trustworthy site work for you? Would you rather trust the project that promises fantastic turnout which in real life is pretty hard to execute (a Lamborghini Diablo or an iPhone XXX to every early adopter) or the one that might downplay its worth but might have a real effect on some of the problems you or the world face everyday? Would you trust a professionally looking website with lots of texts or graphical landings with easily comprehensible sequencing? etc. All in all what makes you tick regarding new and unknown projects (or rather if you would even participate in such a project before an ICO).

I guess it is more of a psychological question still it would be interesting to see the answers from the community as most of the projects/startups nowadays are linked with the ICO and crypro world.

I never trust good or bad reviews on the Internet about the project. I always prefer to analyze the suitability of the idea and the possibility of its implementation by the team.
full member
Activity: 210
Merit: 100
January 21, 2018, 10:03:06 AM
#42
i just follow the big traders
when they invest their money in a project, that mean they can be sure enaough to do that
and i just follow them
sometimes i just invest in an ICO, but when it reach 90%  Grin
full member
Activity: 1092
Merit: 101
January 21, 2018, 09:31:38 AM
#41
everyone has a different way of making their choices including me, first I will do is look at the team that is in it, once sure the team can I believe then I see the concept and read whitepaper and road map, I never discuss in determining the project that I will follow, because after reading everything I can decide, I always follow my heart if I like to go forward but if not then I back away, I hope everything can be successful in their own way
full member
Activity: 434
Merit: 103
Thinking on the higher plane of existence.
January 21, 2018, 09:23:13 AM
#40
What  I do is that I read their whitepaper and analyze if what they are saying/stating there is probable then after that I look for their target users, the one who will use the coin and not the investors because it will dictate if that coins has real value because of platform and not just someone manipulate.
sr. member
Activity: 812
Merit: 253
January 21, 2018, 09:04:08 AM
#39
I trust and have faith on a certain crypto project if the ICO is worth something to invest in if I were to put myself in its place. I usually check the team members and check them one by one if they are legit. And follow their social media accounts to see if its a progressing project also.
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
January 21, 2018, 08:55:35 AM
#38
Sometimes I use coinmarketcap ads and etherscan ads as my reference to invest in ICO, and as I know all the ads which appears really legit projects and gives me an advantage Neumark example, I forgot Neumark appeared in etherscan ads or coinmarketcap.
newbie
Activity: 72
Merit: 0
January 21, 2018, 08:25:13 AM
#37
White paper is the first thing I care about. Road map is the second one if the right direction, I will invest in it. I also try to find community responses like reddit and bitcointalk.
member
Activity: 64
Merit: 10
January 21, 2018, 08:14:44 AM
#36
I think trusting on a project or not it's depending on how much experience on the development team. Development team is the heart of the project,if they're not good so as well as the project isn't good too.
member
Activity: 204
Merit: 10
January 21, 2018, 08:08:55 AM
#35
the first thing I do is look at the ideas and concepts of a project. after that just check the team, whitepaper, their roadmap and I always discuss with my community. if the found project is suitable and in accordance with the results of the research, then I will invest there.

I think discuss with community how good the project is better.
Before investing i think better to check wheater they have real working product or not. If yes i think it will be good to invest.
member
Activity: 462
Merit: 11
January 21, 2018, 07:53:48 AM
#34
I would trust the project if they are true to their word and the application of the project, also they need to be transparent answering the questions of the people that invested or within the bounty of that project. Also it has a great support within its community.
hero member
Activity: 490
Merit: 501
January 21, 2018, 06:55:43 AM
#33
Evaluating the viability of a new project is subject to one's biases and inclinations. Generally speaking, though, we would be looking at the main concept and how the concept can be solving real world problems or challenges (this will determine the project's value). Now, we also try to have a peek at the team behind the project...famous names will always have advantage plus if the project is endorsed by someone who is already known in the cryptocurrency world then it could really help. The team has to be active in many channels and they must be good in communicating to prospect buyers of the tokens. Not to be left is the marketing strategies use...better marketing means that the people behind know what they are doing in pushing the project. Oh, before I end, we should also get to know seriously the road map of the project and evaluate if the plans are really doable or just another wishful thinking. However, we should really realize that even if we are doing our due diligence, there is really nothing guaranteed that a project will really work. It means there will always be risks involved (of course if the project is right there would be great rewards at the end).
member
Activity: 120
Merit: 14
January 21, 2018, 05:57:09 AM
#32
Everytime i spend money on investing in a project, the most important thing i'm looking for is the benefits. How much could i earn from that, is that legit or not. I don't know why people can spend their trust on some random projects with totally anonymous team? Because BCC's team is an anonymous team? No no, I only choose the project which has a specific team behind .
full member
Activity: 274
Merit: 101
January 21, 2018, 03:39:54 AM
#31
I found that if dev is acknowledged their mistake or any willing to admit wrong is honest any gain my trust even more.
full member
Activity: 644
Merit: 117
swing!
January 21, 2018, 01:54:01 AM
#30
Hmm of course firstly i would really look through their whitepaper to have a glance about their business model, vision, product etc as it's too early and unreliable to judge based on their website. Following with some evaluation on their competitors, market and simply the feasibility of the project based on my common sense, only after that i would see whenever their team capable on truly achieving THOSE written in the whitepaper anot, you couldn't expect a team to fully deliver a large scale service, platform over your expected ROI period. After these are okay for me i would just simply go through those kinda monkey search on their social status to see public perception and of course their token distribution system those but it's always the same, less supply means higher hype or simply NEO-based projects are really hot handed now.

Back to your question, i would never really trust a project unless i have really some insider news, but still i would invest if those conditions sastify and basically i'm gambling too, but i guess that how crypto works when you wanna have flips there would be risks on market as well the project itself. Came across some project which has product, great team communication but just as it launched they disappear.
full member
Activity: 272
Merit: 101
January 21, 2018, 01:17:28 AM
#29
Is there something that makes you trust (or at least to take a leap of faith on) a project before the ICO stage (not a Pre-ICO for the big whales), before you can see the pics of a team and rush through few pages of the WhitePaper/brief or take a peek at the future RoadMap. Meaning would you do anything before you can see the value of the project/token/something else. No investments or heavy work, just spread the word and maybe leave your email for the team.

Would you trust a project if it was featured in an article on some site you trust or would the simple advertisement on the same trustworthy site work for you? Would you rather trust the project that promises fantastic turnout which in real life is pretty hard to execute (a Lamborghini Diablo or an iPhone XXX to every early adopter) or the one that might downplay its worth but might have a real effect on some of the problems you or the world face everyday? Would you trust a professionally looking website with lots of texts or graphical landings with easily comprehensible sequencing? etc. All in all what makes you tick regarding new and unknown projects (or rather if you would even participate in such a project before an ICO).

I guess it is more of a psychological question still it would be interesting to see the answers from the community as most of the projects/startups nowadays are linked with the ICO and crypro world.

I trust an ico based in 4 things
1)their teams
2) their advisors
3) project have to be unique
hero member
Activity: 650
Merit: 500
January 21, 2018, 12:05:59 AM
#28
A cryptocurrency? He is talking about Altcoins, not about ICO's, are you reading the content of the thread instead of posting bullshit?
the first thing I do is look at the ideas and concepts of a project. after that just check the team, whitepaper, their roadmap and I always discuss with my community. if the found project is suitable and in accordance with the results of the research, then I will invest there.

And no, if i want to invest in an altcoin, i just make a little research, i do not need to make a FBI investigation about the team in order to invest in a coin that is already on the market.
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