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Unless you are one of the few successful day traders of crypto, listen up. This is going to be some tough love but I can’t say this enough. If you aren’t willing to at least read the white paper of a crypto project, why in the world are you willing to give them your money?
Here’s how being an educated investor can save your butt and ease your mind when the crypto rollercoaster inevitably kicks into gear.

1. If you invest in a project that you’ve thoroughly researched, you’re an active member of the community, then you won’t be so quick to sell when the dip inevitably happens.
2. Educating yourself will help teach you how to better identify a quality investment and how to avoid giving your money to a project with no real plans.
3. It’s the uneducated ones who sell low and buy high. They are the ones who can’t weather the storm, and who are easily influenced by the FUD and FOMO spread by those who want to influence the price and take advantage of those who should, but don’t know better.
4. If you’re in it for the get rich quick idea, you’ll most likely end up broke even quicker.

I know that ICO mania is real and we are still in it, who knows how long it will last, or how the new regulations will influence them. So if you are finding yourself interested in investing in any ICOs, here is a check list for things you need to know before you invest:

– Is their website well developed? What kind of information do they provide?
– Developers what is their reputation? Have they been involved with scams in the past? Do they have much expereince with blockchain technology and cryptocurrency?
– Whitepaper Do they even have a white paper? If so, read it with a cynical eye. Be mindful of the information they are providing and what information they are leaving out.
– Open source- Is their code open sourced so that others can see it and recognize any issues.
– If it is open sourced, look at their activity via GitHub. Do they make improvements very often? If they don’t thats a red flag.
– How active is their social media accounts? Do they have an enthusiastic community backing them? Do they give timely updates?
– It’s important to look at how they plan to allocate the profits from their ICO. Is a big chunk going towards the founders? How much are they putting towards development? Is it really necessary?
– Take a look at the total supply of coins. More coins means diluted value.
– How much are they charging per coin in their ICO? What is the outlook for your return on investment?
– Will they hold a PREsale? This means they will allow for whales to come in and buy a large amount of coins. This also means these whales will be able to affect the price should they want to do so.
– What is the Community sentiment? Are there many people who are vocally happy or disappointed with the way the team is making decisions?
– Use Case- is this new project really even needed? Is this something that blockchain technology will truly fix or improve upon? Are they just using ICO mania to capitalize on eager investors?
– Minimal viable product- is there at least proof that this team has established a working product? Are they just making promises for something in the future?
– Roadmap- What are their short term and long term goals? Are they meeting these goals?

I’ll be using this checklist to go over ICOs in the future to show you how it can help to identify a quality project that has at least a better chance at long term success.
***Albeit, in life and especially in the crypto space, there are no garuantees.***

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48 COMMENTS

  15. Wow I cant believe the "wierdo's" in all these comments. some of us take these crypto investments seriously, and appreciate a second opinion.. Yes she is attractive duh… stop trying to think a quick comment will get her attention you goofballs…

    very well said #itsmebosslady… I research the team, idea, the need for it?, and its potential, for example I'm loving LATOKEN But then again I have been investing in realestate for years so there that.

  20. How about an increase in circulating supply. Steem and Eos in term of increasing their supply turned out as a big theft. ICO is a easy money for "hard working developers", but then when confronted with the marked drop down the price ridiculously. At least China introduced some policing

  26. The Chief accountant of the SEC today voiced registration requirements of the Issuer of ICO's. He also voiced requirements of the investors. Keep good records, you may need them.

  40. Thanks for the info. I've heard the advice that one needs to know who the developers are for any new project, but HOW do you find out who they are? Seems to me that some new cryptos purposefully hide the identities of their Developers and/or key people, since they don't want a single individual to 'become the crypto' (similar to Satoshi and Bitcoin).

  41. Nothing of that actually affects the price of the token, their are not stocks, company revenue doesn't make them more expensive. The value most of the times comes from pump and dump, because no matter how many white papers you read and get exited, 70-90% are going to pump and dump. Instead get those tokens that give passive income or will in the future, airdrops, guest coins etc. Even if it's gets pump and dump it's still has a function and doesn't become useless. For me these are something like Neo, Omisego, tenx etc.

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