Do you read Whitepapers carefully??

[bayu7adi]

My question is strange, but I am suspicious of what you guys are doing when investing in cryptocurrency....
We are all familiar with cryptocurrency projects... and we should all be familiar with Whitepapers on a project... it is a digital sheet shared publicly that contains detailed information about the project.... so do you really read it every time you invest???

What are the points you look for in the whitepaper that are most important??? And if a project is running without a published whitepaper, will you invest in the related coin??

[TomPluz]

...so do you really read it every time you invest??? What are the points you look for in the whitepaper that are most important??? And if a project is running without a published whitepaper, will you invest in the related coin??

I do not usually read the whole Whitepaper but just rely a lot on some form of summary and some opinions on it from other supporters of the community built for the project. And I am sure that many of us are also doing the same thing. I know this is not a good practice and if one is really investing big amount of money on a certain project then I am sure he would be investing time to read the whole thing but because I am just a very small investor I don't do it anymore. Now, we should understand that it would be so easy to put up a Whitepaper as that can be outsourced anytime to anyone just for some bucks...but then again without a Whitepaper it can be creating some doubts on investors and supporters.

[target]

Back in the days where things are very interesting, the ICOs were paying good either in bounty campaigns and early pumping of its price, reading white was nice because everything is new and users are on the look out of good concept.

Today, every blockchain project been laid already and new concepts are just revival of the old scams. Nothing is interesting to read but all hypes.

[yhiaali3]

I doubt that most of us read the white paper of the project, most of us just read some important paragraphs or just read a summary or a general idea about the project.

In fact, with the proliferation of projects appearing in the world of crypto and with the wave of fraudulent ICOs in 2017, I think that most people are no longer interested in reading the white paper, because simply any professional fraudster can write a fraudulent white paper with high professionalism, or steal it from another project with some modifications.

In my opinion, the biggest factor for investing in projects has become primarily dependent on the extent of media hype on social media or listing on major exchanges.

[bee]

My important point before engaging with them (besides I have to make sure first whether there are any indications of plagiarism and fake) is to measure how good the innovation of the project they describe in WP. I personally divide it into 3 categories of innovation: variant, alternative-critical, and ordinary (not innovative). Of course this is a subjective assessment, the better your experience, the more accurate your assessment, the lower your risk.

Funnily enough, regarding my profession as a translator, in the end I have to read the entire WP content and present it back to the local language as simply as possible.

[hugeblack]

Investing is about searching for value and it differs from short term investing where you will look for reasons that may lead to a price increase in the short term and in this case variables such as news, technical analysis are more useful than reading the white paper or searching for  Development and vice versa for long term investing.

[ABCbits]

My question is strange, but I am suspicious of what you guys are doing when investing in cryptocurrency....
We are all familiar with cryptocurrency projects... and we should all be familiar with Whitepapers on a project... it is a digital sheet shared publicly that contains detailed information about the project.... so do you really read it every time you invest???

For coin which has been around for long time, sometimes i don't read it. The whitepaper usually is outdated and doesn't reflect and change/update made on the coin.

What are the points you look for in the whitepaper that are most important???

It's good question, but it's hard to answer it. After all, content of whitepaper very varied between projects. Many whitepaper shows general explanation (such as coin distribution, roadmap and how the funding money used) while few others only show technical whitepaper which is difficult to understand.

[luckyledger]

Investing is about searching for value and it differs from short term investing where you will look for reasons that may lead to a price increase in the short term and in this case variables such as news, technical analysis are more useful than reading the white paper or searching for  Development and vice versa for long term investing.

Yes! if I look for a long-term run with a project, I will read it's whitepaper whatever its size may be (or shrink it to main points, at least).

[Roseline492]

My question is strange, but I am suspicious of what you guys are doing when investing in cryptocurrency....
We are all familiar with cryptocurrency projects... and we should all be familiar with Whitepapers on a project... it is a digital sheet shared publicly that contains detailed information about the project.... so do you really read it every time you invest???

What are the points you look for in the whitepaper that are most important??? And if a project is running without a published whitepaper, will you invest in the related coin??

This is a very interesting topic actually because Whitepaper is something that also needs to be considered before investing on the project, however going through a project Whitepaper is just like conducting a research about that project because is from the Whitepaper all the information about the project are listed, so the reason why is good for someone to really check is because there are project who offers things that may not attract clients in the future which automatically means that there future is not certain so from there the person will know what they are out for, so actually is very important for someone to follow up the Whitepaper before investment.

[0t3p0t]

Nah, I don't really read that long boring things developers are writing on their projects but instead get the most important use case on it  as we all know that most projects has to highlight what is unique on their project compared to others and that is what I did on it.

[notblox1]

Time for reading whitepapers for different projects is gone long time ago, and today anyone can write anything or hire someone to do this work for them.
Bitcoin whitepaper is not long and this is something everyone should read, you wont find any false promises there.

[|MINER|]

My question is strange, but I am suspicious of what you guys are doing when investing in cryptocurrency....
We are all familiar with cryptocurrency projects... and we should all be familiar with Whitepapers on a project... it is a digital sheet shared publicly that contains detailed information about the project.... so do you really read it every time you invest???

What are the points you look for in the whitepaper that are most important??? And if a project is running without a published whitepaper, will you invest in the related coin??

To be honest, I haven't read the white paper of a large part of the projects and crypto coins I have invested in so far. However, it is true that to analyze a project, it is very important to observe their Whitepaper carefully. Many times, by reading the white paper, you can understand how the project is going to be and where the projector has weaknesses.And with that a final decision can be made to make the investment. Moreover, in many cases, it has been seen that the project is a scam, it can be understood by reading their white paper, such as scam projects, white paper plagiarism is mostly caught.

[Cryptsafe]

These say investors do not bother too much about whitepaper because most of them are plagiarised. On several occasions projects launched on the other platform with plagiarised whitepaper and they did not bother editing our obtaining permission not to talk of citing the author or owner of it. Besides one can just write anything they feel like writing as long as it is convincing and they have team and influencers to the remaining work for them that's all.

People do not bother about whitepaper anymore but some how they pick interest in the team members and their portfolios to see their past projects and the outcome.

Off lately, most of these telegram tap to earn games launched without whitepaper and they gained so many followers who invested their time and tapping and engaging in other activities of the projects without minding the risk involved and the possibility of such project seeing the light of the day. So I really do not think to an extent whitepaper matters these days as criteria for an investor time, funds and engagements in a project.

[milewilda]

My question is strange, but I am suspicious of what you guys are doing when investing in cryptocurrency....
We are all familiar with cryptocurrency projects... and we should all be familiar with Whitepapers on a project... it is a digital sheet shared publicly that contains detailed information about the project.... so do you really read it every time you invest???

What are the points you look for in the whitepaper that are most important??? And if a project is running without a published whitepaper, will you invest in the related coin??

Reading up WP on the time or moment that you would really be making some decisions on investing on a particular project then it would be something that recommended so that you would be able to know on what the project is all about and its plan or simply all the information about it. If you do found that it is really that having that unrealistic goals then this is the time that you could say
that it isnt really that worth to invest or something that you would really be that skeptical. Although nowadays majority of people doesnt really mind up about reading up WP
specially on dealing up with meme coins on which they would really be just tending to throw out their bucks.

[vegasus]

Honestly, not always. What I mean is, sometimes a project's whitepaper is made very complicated, and the explanation is not easy to understand. Personally, I usually only read the points that are most important for me to understand.

I know this is not right because it is still very risky for us to get scammed. However, it is indeed that boring to read the whitepaper. Especially one that is only made in detailed details without many illustrations, it will be very boring.

Yes, although it should and ideally, we should read it in great detail and carefully so that we really understand the meaning of what is written in the WP. However, it is indeed not easy.