Be careful with the hype - page 12. | Bitcointalksearch.org

bitzizzix

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Quote from: adiebitsler on November 08, 2021, 07:58:05 AM

Quote from: otundebis on November 08, 2021, 07:49:39 AM

Bullish cryptocurrency market is been a company by hype, I think any hype of any coin should have substance, even memecoin! There are people who just want to dump their bag on you and they can spam your timeline with unending hype. Don't listen took them, focus on your bull market strategy as to not lose your hard earn bitcoin to them!

Those who do this are to tempt everyone who ultimately tells them to use their product and give up Bitcoin which will then end up with very bitter regrets, because focusing on each other's strategy is the main thing and ignoring others is the next thing.

Indeed, there are some of them whose job is to attract the attention of investors, especially new investors who are easy to trust without doing further research because they are tempted by big profits that make intelligence defeated by greed.
and I'm sure it doesn't apply to those who have been in this industry for a long time because they will do research first to save the planned strategy from being easily fooled, and the importance of knowledge and experience to learn when hype occurs because not all hype is detrimental depending on how much great we researched it.

Ziskinberg

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Quote from: cheezcarls on November 08, 2021, 07:43:48 AM

Quote from: dbc23 on November 03, 2021, 05:48:32 PM

We have had several hyped coins and token lately and many have been a victim of hyped projects that ended up crashing in not long after attaining a very little profit margin. Been extremely careful with how we go about our analysis will help save a lot. Just wondering why developers would come up with nice projects only to crash after a short while keeping investors in losses.

Yes I agree with you man. I have lost a lot of money trying out the meme coin space. I think 7 out of 8 meme coins that I’ve invested several months ago are either at a downhill or rug pull combined. One of them I think I made x3 and quickly TP.

I also lost some value in the NFT space (collectibles, play to earn games, etc.) as well. We always make sure that the money that we have is something that we could afford losing and not going all-in. Despite all the losses that I have back then, I am completely aware of the risks so I didn’t mind how huge that I’ve lost.

Wow, I can just say it, I'm speechless because that seems to regret if that going to happen with me. Although we can say that invest the money that we can afford to lose but it doesn't mean we don't care if we lose, kinda be hurt on our side. However, we have to accept and face the consequences. We can't hide the feeling of getting mad as we are not expecting that would happen because we think of profit, not losses.
This is the life we choose and so we have to accept it whatever it happens.

adiebitsler

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Quote from: otundebis on November 08, 2021, 07:49:39 AM

Bullish cryptocurrency market is been a company by hype, I think any hype of any coin should have substance, even memecoin! There are people who just want to dump their bag on you and they can spam your timeline with unending hype. Don't listen took them, focus on your bull market strategy as to not lose your hard earn bitcoin to them!

Those who do this are to tempt everyone who ultimately tells them to use their product and give up Bitcoin which will then end up with very bitter regrets, because focusing on each other's strategy is the main thing and ignoring others is the next thing.

otundebis

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Bullish cryptocurrency market is been a company by hype, I think any hype of any coin should have substance, even memecoin! There are people who just want to dump their bag on you and they can spam your timeline with unending hype. Don't listen took them, focus on your bull market strategy as to not lose your hard earn bitcoin to them!

cheezcarls

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Quote from: dbc23 on November 03, 2021, 05:48:32 PM

We have had several hyped coins and token lately and many have been a victim of hyped projects that ended up crashing in not long after attaining a very little profit margin. Been extremely careful with how we go about our analysis will help save a lot. Just wondering why developers would come up with nice projects only to crash after a short while keeping investors in losses.

Yes I agree with you man. I have lost a lot of money trying out the meme coin space. I think 7 out of 8 meme coins that I’ve invested several months ago are either at a downhill or rug pull combined. One of them I think I made x3 and quickly TP.

I also lost some value in the NFT space (collectibles, play to earn games, etc.) as well. We always make sure that the money that we have is something that we could afford losing and not going all-in. Despite all the losses that I have back then, I am completely aware of the risks so I didn’t mind how huge that I’ve lost.

LogitechMouse

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Thanks for the advice still but lets face it. Crypto scams have been there since it boomed.
There will be investors who will fall into different hypes and scams out there for some reasons.

Investors still want to invest into something maybe because of greed of because of the fact that they can get huge money if they put their money on that specific project.

On the other hand though, there is still some good things that hype can bring to the investors. Because of hype, there are many investors who lose their money yes but still there are some investors who got huge money because of hype. They entered at the right time and exited at the right time. In general, just be careful in hypes and always hope for the worst Cheesy

so that you will not feel that much regret if it will end up losing your money.

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Quote from: pawanjain on November 06, 2021, 11:21:04 AM

Quote from: leea-1334 on November 05, 2021, 10:22:15 AM

What statistics though? Bitcoin statistics did not show anything in early first few months.

By statistics I mean how good the coin is, it's utility, it's demand and how well is it doing in the current market.
Bitcoin was the first cryptocurrency hence it was inevitable to compare it's statistics with any other similar asset.But that's not the case these days.
Since there are many other cryptocurrencies we can easily compare a new coin/token with other cryptocurrencies to find out how well it is doing in the current market.

But as I said,,, all of those "how good" "utility" and "demand" statistics did not show up well for Bitcoin and anyway could not be reliable until many years later. And should still be a good comparison with today.

Just because token ABC has no statistics and XYZ has, does not mean one is better than the other. I can show you plenty of shitcoins with all kinds of high demand and "great tech" and zero utility yet they are doing well in price. Whereas some great coins OLD ones with utility like Gridcoin for years is helping actually scientific research and is not even easy to buy.

worle1bm

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Such awareness threads that warn crypto investors to stay away from these meme coins that are rising only for few time and will crash badly are mere waste of time because the fool investors will still be derived by greed and having money goggles that stop them from seeing the reality of that coins will bind them to the project and then they will loose all the funds in one go and will regret their mistake.Many warn them but you see how come meme coins are reaching in top 10 on CMC? It's just because of all this hype and soon you will see billion dollars fading away from the market of these coins.

masterrex

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Quote from: dbc23 on November 03, 2021, 05:48:32 PM

We have had several hyped coins and token lately and many have been a victim of hyped projects that ended up crashing in not long after attaining a very little profit margin. Been extremely careful with how we go about our analysis will help save a lot. Just wondering why developers would come up with nice projects only to crash after a short while keeping investors in losses.

Thanks for your warning mate, It should be considered all the time while investing in crypto, sometimes the hype will not last long, and after its breaks, I'm sure many will be caught while holding a bag shitcoin, that's why avoid FOMO that was coming from the hype-driven projects, let us learn the experience from the squid token investors, to avoid the same fate.

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HYPE is good for promising altcoins but can't say same thing for the shitcoin projects. There are several Squid or BabyDoge altcoin projects that pumped by hyped traders. Such mentioned altcoins shouldn't be traded before checking team members who ready to scam your last money.

I have the same thought regarding this. being careful about hype doesn't mean everything that's being hyped should be avoided. for example, right now NFT games are in the hype, there are some NFTs that have impressive developments that made them popular like Axie Infinity. however, because it is a positive value, many developers are also making the same thing. well, these things need to be chosen carefully before investing because there will be scammers who adapt in the same way, and try to attract the attention of investors to invest.

Bitbtc8

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Hype coins are bad for business, even while we are in bull season it's not advice to hold your hyped tokens when they are surging, I will only hold a token that has lots of potential and many incoming partnerships and listings ahead then when this is done it's a good time to exit with your profit, but it's a different strategy if we are already in a bear market

Ararbermas

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Quote from: dbc23 on November 03, 2021, 05:48:32 PM

We have had several hyped coins and token lately and many have been a victim of hyped projects that ended up crashing in not long after attaining a very little profit margin. Been extremely careful with how we go about our analysis will help save a lot. Just wondering why developers would come up with nice projects only to crash after a short while keeping investors in losses.

when there's a hype always keep in mind to set stop loss below even though the price is keep increasing, i mean even you see the candle stick growing constantly remove your greediness because there's no way it will keep going, especially if you're doing intraday. actually base on my experienced riding hype coins i realise FOMO always exists in just a minute, i mean usually there's always a red candle that will appear with the same speed of the green candle, so if you didn't set stop loss of course instead of profits you will end up losses. And it happened to me 2x in a row which is bad.. So keep in mind guys to don't assume more if you cope to ride hypes. always make an exit if you see good profits before its too late..

taufik0911

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yes we have to be really careful about the hype, go to coins / tokens that are hype like we gamble where we can get big profits or even big losses
these are tips from me, you have to really do an analysis of the project to make sure the project is not just hype and then the price is dumped which has a big loss effect

RealMalatesta

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Quote from: SirLancelot on November 06, 2021, 03:08:20 PM

Pump and dump must be one of the tactics used by such devs. This is the reason we must take more time for doing due diligence before investing with altcoins.

When you are believing in to your due diligence process then you never need to bother about what kind of hype is going on in the market; you can simply stick within research and analysis to make things work for you. Honestly I never bother about what is currently trending in this crypto space because if I start focusing on such thing then I may fail to you keep doing what I am into for years. I am comfortable with my process of finding potential coins and investing with them for long term based trading.

Quote from: Yamifoud on November 06, 2021, 05:38:52 PM

research is the best way to escape from any think like this and we also have to keep in mind that not all the time the price is high, and that is why we should have an exit plan once corrections come.

If you are following hype then you will keep thinking that peak price will yet to come. At the same time if you are into technical analysis then you can get chances to exist before correction arrives. Following trend or hype may not help in crypto trading.

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Quote from: darahjuang on November 07, 2021, 01:08:01 AM

We really have to always be careful with tokens or coins that are hype because tokens or coins that are in a state of hype can get us two options in a short time. Of course, we will be very happy if we get the option to get rich while the hype is running, but what if we get the second option suddenly the hype condition of the token or coin ends. It must be very sad.

Sadly most greedy investors fell victim of the hyped meme coins in a bid to become rich overnight, It is just like gambling, research as shown that some meme coins are owned by few investors, they pump and dump it price at will and having made enough profits they would finally dump the coin at the mercy of numerous investors who are unaware of the shady deal between developers and the few major investors, that is why research is the only way out of escaping the wreath of those fraudulent investors who promotes meme coins.

indah rezqi

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Questions that can give different answers. Almost all investors experience the same thing as the answer behind this question, but that's the fact that happened. Especially on the hype coins and tokens. That's why caution is needed.

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We really have to always be careful with tokens or coins that are hype because tokens or coins that are in a state of hype can get us two options in a short time. Of course, we will be very happy if we get the option to get rich while the hype is running, but what if we get the second option suddenly the hype condition of the token or coin ends. It must be very sad.

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Quote from: DoublerHunter on November 06, 2021, 03:36:06 PM

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HYPE is good for promising altcoins but can't say same thing for the shitcoin projects. There are several Squid or BabyDoge altcoin projects that pumped by hyped traders. Such mentioned altcoins shouldn't be traded before checking team members who ready to scam your last money.

^ I don't think it is a good and promising project when you encounter a hype coin.
Most of them are hype because of the traders not just because of their real use, it is very risky to invest and one day you will find out that the price has a sudden decrease of the price. We should be careful with the hype because anytime soon your capital will become down to maybe 50-80% if you don't know how to monitor it. I will rather stick on the coin that has a high volume in the CMC because I know they had an organic growth not just because of the hype. At the end, research and checking the whole team and should be the usage on it is very important to remain in a hype.

And it is possible that someone manipulates the price or like shilling by known personalities. But this hype is sometimes beneficial, we can make some profit on them, however, if we are also dumb not to think wise this also leads to huge losses. Well, a lot of people got into the trap, some just bought it on the last part, and after buying the price has just been in correction making them sell at a lower price.
Yes, research is the best way to escape from any think like this and we also have to keep in mind that not all the time the price is high, and that is why we should have an exit plan once corrections come.

dimox

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hype need to improve people experience, they will get something new after having fun with that shit. hype need to growing for main or side coin, it have good deal for people who can find where the profit come from.
and thats true, if people loss their fund cause of hype, but the experienced one know where they land. hype will be one of big profit for them.

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HYPE is good for promising altcoins but can't say same thing for the shitcoin projects.

Unfortunately, the hype is commonly happened at the beginning, in which we cannot exactly define that the project is actually promising or not. because right now, many projects are wrapped in very promising and interesting concepts, but in fact, they are zonk after that. And only utilize the hype to get a pump and dump price.

However, if this is for newbies or beginners (moreover who don't know exactly this crypto industry), the hype is very risky for them. Many can lose their money because they are buying the hype coin when the price is pumped and then they got into the trap because after that, the price keeps falling.

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