With all these ICOs popping up like mushrooms all looking very similar, things can get overwhelmingly confusing.
One pattern I noticed was that the bigger the hype, the larger the return is.
How do you guys check an ICO's hype?
Personally, I do the following:
- Check bitcointalk announcement page
- Check ICO FB page and look at engagement (likes can be bought so not really useful)
- Check Youtube and filter by viewcount
Any other tips?
I agree with checking feedback in Bitcointalk announcement and also look at Reddit for any Subforum about the ICO, but for the Likes in the FB pages and Youtube, those likes can be bought to make it appear theres a lot of interest in the ICO.
Include there the following:
-Read their WHITEPAPER
-See if they have Roadmaps
-Background Check the people behind it
-See if their product is promising
Research thoroughly before you participate in ICO's.
You hit the bulls eye on this those 4, white paper is a must. It should be written professionally and easy to understand. The 4th item is the first thing that would be investor should scrutinize, is the project promising or its just another project copied from another project with a little twist example are those debit cards.