Do you read Whitepapers carefully??

[luckyledger]

To be honest, I rarely and almost never read their white papers. If I invest, I just follow FOMO because I'm not a long-term investor in new coins, I prefer hit and run.

This is quite risky but I agree that most if not all investors has done this many time on their investing careers and some got lucky and some fail. I personally do this as well that is why I got rugged so many times with memecoins because I am doing the same thing buy and then unfortunately I was not fast enough to execute an exit. 😆

Yeah, it's not done nowadays, usually
And it can end up badly, but needs further analysis in order to get something worth noting from the document.
It can either give you the answers needed or a lead how to get them.

[pieppiep]

To be honest, I rarely and almost never read their white papers. If I invest, I just follow FOMO because I'm not a long-term investor in new coins, I prefer hit and run.

This is quite risky but I agree that most if not all investors has done this many time on their investing careers and some got lucky and some fail. I personally do this as well that is why I got rugged so many times with memecoins because I am doing the same thing buy and then unfortunately I was not fast enough to execute an exit. 😆

Yeah, it's not done nowadays, usually
And it can end up badly, but needs further analysis in order to get something worth noting from the document.
It can either give you the answers needed or a lead how to get them.

Yes, such thing at times is usually overlooked, although it might possess certain crucial information. White papers are very crucial in new projects, and they are useful in the cryptocurrency and blockchain technology. Whitepapers contain all aspects of the project including vision, goals, technological solutions as well as time-line. This is the information that can be utilized by the possible investors and users and it will help them to know on how the project is likely to operate, the problems being tackled and the solutions proposed. According to it, the general population will have a little of difficulty distinguishing between the reality and the fake for a project where there is no an elaborate whitepaper. Therefore, it can be stated that whitepaper is one more important instrument that may assist in the examination of the possibility and prospects of the project.

[libert19]

I used to glance through whitepapers back during ICO days (2016-18), so much technical jargon that I didn't understand and bla-bla stuff they were going to achieve, which they never did, almost none of those projects exits right now.

So now, I don't really care even iota about reading wps, if you have already a product that user can use, I'd give it a try and that's it, I would judge project based on that.

[royalRitta]

I used to glance through whitepapers back during ICO days (2016-18), so much technical jargon that I didn't understand and bla-bla stuff they were going to achieve, which they never did, almost none of those projects exits right now.

So now, I don't really care even iota about reading wps, if you have already a product that user can use, I'd give it a try and that's it, I would judge project based on that.

Yeah, it may be also full of that - as pieppiep mentioned, it can also be used by potential investors, and those people are all in for something that main portion of the users won't read into
Your way is not bad as well, but it would be really nice if a white paper of the project could be beneficial and informational for everybody who reads it.

[Bhigdaddyjr]

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??

Absolutely , I think most in cryptocurrency are familiar with the terms white papers . White paper consist of every important information about the project for example roadmap, about ,social media, presale and lot more . So many just glance through the white paper but it is very advisable to read at least to pages with consciousness from the white paper to know more knowledge about what you are trying to invest in .
But all necessary information are Always compiled in the white paper .

[sonaa]

Your question is not strange but understandable, that one needs to know about the whitepaper in crypto currency, it contains all the information about the project.  listed, so the reason why it is good for one to really check is because there are projects that offer things that may not attract customers in the future which automatically means that the future is not certain so before investing we have to white  One has to walk by looking at the paper.

[NotATether]

Your question is not strange but understandable, that one needs to know about the whitepaper in crypto currency, it contains all the information about the project.  listed, so the reason why it is good for one to really check is because there are projects that offer things that may not attract customers in the future which automatically means that the future is not certain so before investing we have to white  One has to walk by looking at the paper.

Most people will not bother to read the whitepaper when they buy any cryptocurrency because they do not even know that one exists. Because most of the times, they are buying coins on some website or app such as an exchange, and nobody even markets to them that the coin in question has a whitepaper that you can download and read, among other things.

[libert19]

Your question is not strange but understandable, that one needs to know about the whitepaper in crypto currency, it contains all the information about the project.  listed, so the reason why it is good for one to really check is because there are projects that offer things that may not attract customers in the future which automatically means that the future is not certain so before investing we have to white  One has to walk by looking at the paper.

Most people will not bother to read the whitepaper when they buy any cryptocurrency because they do not even know that one exists. Because most of the times, they are buying coins on some website or app such as an exchange, and nobody even markets to them that the coin in question has a whitepaper that you can download and read, among other things.

Some exchanges have 'details' page that lists what the word implies and wp can be found there. Plus, reading wps and such stuff comes under 'research' phase, and it's buyer's responsibility to go through project insides and find everything pertaining to it whether exchange lists project information or not.

[Jating]

To be honest, I rarely and almost never read their white papers. If I invest, I just follow FOMO because I'm not a long-term investor in new coins, I prefer hit and run.

This is quite risky but I agree that most if not all investors has done this many time on their investing careers and some got lucky and some fail. I personally do this as well that is why I got rugged so many times with memecoins because I am doing the same thing buy and then unfortunately I was not fast enough to execute an exit. 😆

Yes, it's very risky indeed if we don't do our research and not read the whitepaper of the projects that we wanted to invest too. But I will agree that there are investors who just buy in because of the FOMO and we can't blame them for that. That has been the case for many years and it's really like gambling for some of them.

So it's really a must for us to read the whitepaper in my opinion. If might not take us time to read it, and so we should and not be just blindly invest on project just because others are into it.

[Cryptsafe]

Yes, it's very risky indeed if we don't do our research and not read the whitepaper of the projects that we wanted to invest too. But I will agree that there are investors who just buy in because of the FOMO and we can't blame them for that. That has been the case for many years and it's really like gambling for some of them.

Doing research is very important for investors because that would guide them through to having knowledge and idea about their investments and expectations as well. Whitepapers are just a guide to a project roadmap and what the project stands for. White papers can sometimes be altered and yes I have witnessed projects that  did such, their whitepaper was altered and some did very well upon listing and some still working.

Jumping into an investment through FOMO can be very risky you know. Sometimes it favors investors and sometimes, the reverse is the case. I have come to realize that sometimes, somethings just needs to happen so that a trend can keep going on and that is the case of a FOMO and others that happens. This occurrences just needs to keep replaying on and on for the system to keep going. It is natural I must say that is why you see most incidence keeps on repeating itself on and on and it is very difficult to stop because there are always some key players who ignites such and they also benefit from it and others who are lucky to decipher such situations and take advantage of the process.

[Vx1]

A good cryptocurrency project must have a clear whitepaper, neatly arranged and provides a promising roadmap. If there is none, then we must be careful if we want to invest in a cryptocurrency project. Because I think it is very important, and of course many investors are looking for it.

[MrSpasybo]

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??

I used to spend a lot of time reading and translating Whitepapers during the bullruns 2017 and 2021 because I believed in the solutions offered by crypto/blockchain projects. However, currently, I often refer to assessments from professional fundamental analysis teams. They read the WP and share their knowledge with everyone.

I think many projects now have similar solutions, and the Layer-2 trend is a good example. Therefore, sometimes the solution itself is not the most important factor in driving token price. A transparent team, strong backing, effective marketing, and trends play a more significant role in my investment decisions when entering the market and buying ALTS.

[Dr.Bitcoin_Strange]

To be honest, I rarely and almost never read their white papers. If I invest, I just follow FOMO because I'm not a long-term investor in new coins, I prefer hit and run.

This is quite risky but I agree that most if not all investors has done this many time on their investing careers and some got lucky and some fail. I personally do this as well that is why I got rugged so many times with memecoins because I am doing the same thing buy and then unfortunately I was not fast enough to execute an exit. 😆

Yeah, it's not done nowadays, usually
And it can end up badly, but needs further analysis in order to get something worth noting from the document.
It can either give you the answers needed or a lead how to get them.

Sometimes some people do not really see the need to go through the process of reading that long white paper for some reasons, despite it being an important aspect of the project that offers the investors guidance and information about the project. I have a friend who complained about feeling very reluctant about reading white papers because most of these projects don’t usually keep to what they say in their white papers and roadmaps. Especially these shitcoin projects, they’ll say lots of things in their white paper and roadmaps but you’ll barely see projects that actually keep to their word, and I think this is actually true, they’ll say a lot of things just to attract investors and along the line, they’ll end up doing something else.

[$crypto$]

A good cryptocurrency project must have a clear whitepaper, neatly arranged and provides a promising roadmap. If there is none, then we must be careful if we want to invest in a cryptocurrency project. Because I think it is very important, and of course many investors are looking for it.

I agree with you, they should have all of that because it can be a picture of their journey and also this can be something that shows that they are serious in running the project they are building. Although there are also projects that have it completely but they become fraudulent projects in the end. Usually their journey will be in accordance with the roadmap they have prepared. If they deviate from the roadmap they have prepared once, it will create a little problem especially for the community that has followed them from the beginning because usually people will be disappointed and will eventually leave the project. Unless they have a clear and strong reason, and they can be responsible for the roadmap not being on time.

[Z-tight]

Reading a project's whitepaper is cool, but to be honest so many projects tell lies in their whitepaper, they talk about things that they can never achieve, so as to get the hopes of investors high and coerce them to spend their money on the coin, sometimes the whitepaper can even be plagiarized. My point is just that reading the whitepaper alone is not enough, go deeper into research.