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Messages - bobby

Pages: 1 [2] 3
16
Cryptocurrency discussions / Re: Are all ICOs scam?
« on: April 27, 2018, 11:25:58 PM »
I probably wouldn't go as far as saying almost all are scam. But it's certainly true that only a very small number actually has a big break through. That doesn't ask that all others are scam just because they dont make it though. Regarding bans by social media: I am actually not a big ban sort of person. I would rather keep all info and educate users to be able to make the right decision on who to trust and who to avoid. But that's just one way of looking at it

17
Cryptocurrency discussions / Re: How do you choose good ICOs?
« on: April 27, 2018, 11:20:14 PM »
I totally agree, the team is one of the most important factors for me. I try to do as much research on them as I can, check if I find them on linkedin etc. Funnily, these things are often presented very differently on the ICO websites. The cultural coin for example is an ICO I participated in: https://www.culturalplaces.com/ When you scroll down you can see photos of all investors and team members + links to their linkedin. This kind of transparancy appeals to me. But I think the telegram chat is a really important factor too and I always ask questions in the chat just to see if the team appears professional and replies to questions I may have. After that definitely check whitepaper, website in general, product, background etc. Good luck !

18
Hi guys! I am wondering what the advantages of having no airdrop are for investors? I've been looking at the Cultural Coin recently and read that they have no airdrop. Does that mean any advantages for investors?  :)
I personally think that it may have little or no advantage  to investors. Most projects has plan for air drops before it take off, and it's obvious that in such situations, the investor has no advantage in air drops but for the to projects to increase it awareness campaign.

Yeah, awareness seems to be the keyword here. I suppose after that the next marketing instruments are bounty and ICO discounts.

19
MyEtherWallet / Re: received an email from myetherwallet?
« on: April 25, 2018, 10:59:01 PM »
I read about this only today! Thank god I didn't receive an email before that. Thanks for sharing this though, very important to know. Seems like MyEtherWallet has been hacked and I'm not sure if everything is back on track now. Looks like they got quite some coins out of this. Twitter is useful and the wallet also posted this to help users https://myetherwallet.github.io/knowledge-base/security/myetherwallet-protips-how-not-to-get-scammed-during-ico.html. Hope you stay safe!

20

Well, on the one hand, no airdrop could mean that the leaders of a project believe it is "strong" enough without additional free pr or "forcing" more people to have at least some skin in the game  and on the other hand, if there is a clear roadmap before some ICO starts and the number of coins is exactly described etc...either they planned from the start to give away a part of the coins...not a good look for the actual buyers...or they are changing their plans like that in the mid of the project...also not exactly creating a lot of trust. ;) So if the people behind this ticketing project you are interested in aren't doing an aidrop, don't worry...and cryptothief ofc also got a point, re: the limited effects.

some airdrops later become a shit coin with no value

Fair points, thanks guys. It's kind of true that giving away big amounts of free coins kind of has a desperate feel to it. Almost like: Take it otherwise we won't be able to get rid of it. Cultural coin looks professional so you would think they will be able to manage without. I've seen some people participate in loads of airdrops at the same time - I kind of wouldn't be able to keep track. Do most ICOs have them?

Yeah, you got that right....more of a bad trait now and some people even expect an aidrop and just wait for it, instead of participating normally! Seems like economical malpractice. Not most ICOs but many, especially those with an unlimited number of coins ...easier to give them away if they practically cost next to nothing. ;) Major reason why it is better or more professionally if the number of coins is locked early and with a plan. Re: you question - yeah, if there is a decent roadmap and enough interest in the first place, the ticketing with cryptocurrency crowd won't need one and even if they would need one it usually does not help, haha.

Mhm. I see what you mean. It also seems to be a case of the coin being either good or rubbish and an airdrop wont change it either way.

21
Cryptocurrency discussions / Re: Judge a coin by its website?
« on: April 25, 2018, 10:44:07 PM »

My pleasure, glad if you lked my little explanation, i assumed it would be easier like that to understand the concept. ;) Yeah, since the teams behind the currencies got an interest of their own to include all mainstream review sites...and maybe also a few "friendly" non-mainstream ones, any interested person usually does not need to look for a long time to find the necessary information. If this ticketing with cryptocurrency project you are interested in also promotes those sites, i guess they are pretty happy with the results ...or at least the attention.  ^^

Well, if i stumble over a new project i do the typical thing - finding out if it is legit by clicking through their homepage. If something is fishy, i research it some more and then i check review sites and double-check their findings with my own...that way i am always secure. ;)

Ahaha, good point about the attention. Attention is never bad for a new project after all and I think the results look pretty decent too. But even if some of the reviews criticise some aspects of the project, I like the transparency which cultural places is showing by putting it onto their website. But yes, good point: Always double check. Thanks!

22
Cryptocurrency discussions / Re: Judge a coin by its website?
« on: April 25, 2018, 10:37:20 PM »
Websites can give a clue on the originality of the project especially when you compare their social media platforms with the websites - check out for information consistencies on these platforms. But the team can be of great importance. Look out for the credentials of the developer and his team - do they have any past experience?, who is the advisor? etc

Thanks for this, I agree, everything stands and falls with the team. Originality is a great keyword for this I think. I really am a visual person so I am automatically drawn to a website like the cultural places' one.

Its really tough, as some of you in crypto know Antshares before NEO had one of the WORST white papers I've ever seen.   It was full of poor English grammar and misspelled words which really scared me off at first.  I think you'll have to work out a combination of judging product, website, whitepaper, etc on some sort of grading scale where everything matters but one specific thing can't be a pass or fail..or you might miss out on a 30000% gain like NEO.  Food for thought.

Food for thought indeed. I can feel you when you say that grammar and spelling mistakes scared you off, I totally get the same. I just come from an industry where these things are very important but it would be a shame to miss out on great chances just because I am judging all too quickly.

Yes and no I would say.
 
Of course you will be able to judge when looking to website if this coin is well funded or just anew coin with no money to invest. I have seen a lot of projects in early stages with bad pages but they upgraded it very soon. So if you see a shitty page and the team does nothing with it for a very long time you can assume that there is no future for this project.

Thats a very interesting point I haven't thought of yet. Good to keep an eye on these websites for a bit longer then and not just let a not so impressing website scare me off from the start.

23
General Discussion / Re: Why there are less women in crypto currency?
« on: April 18, 2018, 07:46:39 PM »
Fascinating discussion and a very interesting topic! I think many of you are right. I believe women to tend to put their money in low-risk investments. Men seem to be more risk taking in general when it comes to financial decisions. This article discusses this: https://www.weforum.org/agenda/2015/09/why-are-men-more-likely-to-take-financial-risks/

Then at the same time I think there is the uneven male female ratio in the tech industry in general which plays a big part in this. https://www.huffingtonpost.com/susan-wojcicki/tech-industry-gender-gap_b_9089472.html If less women are generally involved in Tech, its not surprising that less women are involved in cryptocurrencies.

24
Cryptocurrency discussions / Re: Judge a coin by its website?
« on: April 18, 2018, 07:34:38 PM »
Regarding the question how to judge different reviewing sites or more correctly different review outcomes on different sites...this may be a bit contra-logical since we build such sites to help with quick judgements in the first place but if you want to understand such a site, you should dive a bit into the descriptions, how those reviews or - most of the time - the comparable numbers added to each project (stuff like Marketing: 7/10 points or Team: 8/10 points ) are created.  Sometimes the makers of the site make some kind of equation which they apply with respect to all available information, sometimes its more of a group-thinking thing and its just the average result from all global reviews of its members. If you find out how a site does create its numbers, you can also decide yourself, if you think their process is helpful to the kind of decision you wish to make. ;-)

Icobench for example also works with average numbers but since you are able to read every single review which participated to reach this outcome, you can judge the outcome in a transparent way and just disregard singular opinions which - in your eyes - are, for example, biased or concentrating on faults which you don't think are that important.

Absolutely brilliantly put! Thanks!! So basically the best way of going about doing this is to check out the different review sites, make sure I know what the review is based on and then decide what aspects are the most important to me. Cultural coin is actually pretty helpful in that way since they post all the sites they are listed on on their own website - makes my research easier. Generally speaking though these sites are sooo useful! There are so many projects out there and I would have a hard time judging all by myself. Do you guys also ask about the projects in forums or do you only trust your own research?

25
Cryptocurrency discussions / Re: Bounty programs the way to success?
« on: April 18, 2018, 07:25:05 PM »
Bounty programmes are very important because that is what attract investors to make a project a success

In that sense they work a bit like airdrops, dont they?


ICOs are good especially when you get your hands on the few good ones. The returns from investing in an ICO is much more higher than participating in a bounty program. Anyway, if your risk taking appetite is on the low, you can choose to go by bounties only where you put in your other resources aside money.

So from what I gathered your advice is the following: If you got time to spare but are not too sure about a project, participate in the bounty program. If you believe that the coin will be successful, participate in the ICO?

26

Well, on the one hand, no airdrop could mean that the leaders of a project believe it is "strong" enough without additional free pr or "forcing" more people to have at least some skin in the game  and on the other hand, if there is a clear roadmap before some ICO starts and the number of coins is exactly described etc...either they planned from the start to give away a part of the coins...not a good look for the actual buyers...or they are changing their plans like that in the mid of the project...also not exactly creating a lot of trust. ;) So if the people behind this ticketing project you are interested in aren't doing an aidrop, don't worry...and cryptothief ofc also got a point, re: the limited effects.

some airdrops later become a shit coin with no value

Fair points, thanks guys. It's kind of true that giving away big amounts of free coins kind of has a desperate feel to it. Almost like: Take it otherwise we won't be able to get rid of it. Cultural coin looks professional so you would think they will be able to manage without. I've seen some people participate in loads of airdrops at the same time - I kind of wouldn't be able to keep track. Do most ICOs have them?

27
Cryptocurrency discussions / Re: Bounty programs the way to success?
« on: April 12, 2018, 11:14:01 PM »
Thanks for your advice guys! Definitely not expecting to become a millionaire over night but nice to just invest some time and get some gains for it. Actually I realised that the one I was originally interested in, the cultural coin bounty programme, has already ended. Shame really. Any recommendations for websites for looking for bounties?

28
Cryptocurrency discussions / Re: Judge a coin by its website?
« on: April 12, 2018, 11:08:21 PM »
Hi everyone! I'm new on here and hope you'll forgive possible beginners mistakes. I was was wondering what you think about this one: I always have my eyes on some new projects, platforms, coins, ICOs etc. and browse through quite a lot of different websites on my research. How do you decide whether a coin is trustworthy/worth investing in? Is the whitepaper enough? Or do you have recommendations for review websites for new ICOs? Thanks so much for your help.
Before investing should read wp and see the website, social media and team that handle the project. do not forget to take a look at the ICO review website.

Thanks for your help! That's definitely what I have done with this project.  :) Also great to have got some suggestions for review websites!

29
Hi guys! I am wondering what the advantages of having no airdrop are for investors? I've been looking at the Cultural Coin recently and read that they have no airdrop. Does that mean any advantages for investors?  :)

30
Cryptocurrency discussions / Bounty programs the way to success?
« on: April 06, 2018, 01:09:03 PM »
Hi everyone! Many of you participating in ICO bounty programs regularly? If you like an ICO, do you actually just invest in the ICO itself or try to get into the bounty program? Not sure of whether its worth keeping an eye on them or not...

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