Topic: Don't follow the hype - page 4. (Read 14510 times)
Its quite interesting to analyse some coins and realise that they aren't worth it despite the hype or rumours about that particular coin. Following the hype may divert your attention from potential coins to other coins which aren't worthy. Hence you need to be extra careful in cryptocurrency and learn more.
Of a truth anyone within this space still following hype projects needs proper attention. The days of hyped projects is gone, now is the era of potential projects with use case or working products.
I've been here for years and I can say that following the hype never works for investors, this is simply an advise.
Few examples: Synereo, Savedroid, Electroneum.
Even though these projects managed to get the money they needed and much more, they still didn't manage to deliver what they promised. Or in some cases, not even get listed in decent exchanges or give ROI back.
Cryptocurrencies are not going anywhere and there will be more and more ICOs until these things get regulated (maybe years from now). So If you're an investor and you don't want to stupidly lose your money in the process, I highly suggest everyone to start researching about the projects he's interested in instead of taking his decisions based on Tweets from McAfee, press releases, scores in Icobench, etc.
Third sources are not working for me. My personality pushes my emotions for blaming others who have effort in case of loss,so better to think based on my previous experience. The hype is good to drive the emotions till getting the best result from participants of the project but it doesn't work on a bear market, unfortunately. ROI was good motivation to be part of investor room a year ago but it is not the real case this year. Few examples: Synereo, Savedroid, Electroneum.
Even though these projects managed to get the money they needed and much more, they still didn't manage to deliver what they promised. Or in some cases, not even get listed in decent exchanges or give ROI back.
Cryptocurrencies are not going anywhere and there will be more and more ICOs until these things get regulated (maybe years from now). So If you're an investor and you don't want to stupidly lose your money in the process, I highly suggest everyone to start researching about the projects he's interested in instead of taking his decisions based on Tweets from McAfee, press releases, scores in Icobench, etc.
Its the truth. Following the hype has caused people to lose their monies in cryptocurrency. You need to take a critical look at a coin if you want to invest than just following the crowd.
Well I know most people follow the hype but must be careful because following the hype and rumours might cause you a great loss. Don't follow the mass.
it is interesting indeed to analyze a further step of new tokens because by participating the hype is very large the risk is sent without us analyzing it first, having many cases issued and many investors who increase big follow it but there are also many who can benefit. so it all depends on ourselves in making decisions, on the other hand, there are those who say that following the hype is bad but in one too many say that following the hype will be able to get big profits, only we want to believe which and most important to always analyze yourself more carefully to get a good project.
Following the hype and rumours to invest into any project might lead you into a big loss. Do your own due diligence and get some information about the project and the use case it intends to bring on board before supporting with your money because we have seen seemingly great project fade away like a fog.
Well, it is also true that most people follow the hype. In the bear market, most people have been losing money by investing in ICOs, so i would recommend not to invest in ICOs, until the market goes in upward trend.
I've been here for years and I can say that following the hype never works for investors, this is simply an advise.
Few examples: Synereo, Savedroid, Electroneum.
Even though these projects managed to get the money they needed and much more, they still didn't manage to deliver what they promised. Or in some cases, not even get listed in decent exchanges or give ROI back.
Cryptocurrencies are not going anywhere and there will be more and more ICOs until these things get regulated (maybe years from now). So If you're an investor and you don't want to stupidly lose your money in the process, I highly suggest everyone to start researching about the projects he's interested in instead of taking his decisions based on Tweets from McAfee, press releases, scores in Icobench, etc.
Few examples: Synereo, Savedroid, Electroneum.
Even though these projects managed to get the money they needed and much more, they still didn't manage to deliver what they promised. Or in some cases, not even get listed in decent exchanges or give ROI back.
Cryptocurrencies are not going anywhere and there will be more and more ICOs until these things get regulated (maybe years from now). So If you're an investor and you don't want to stupidly lose your money in the process, I highly suggest everyone to start researching about the projects he's interested in instead of taking his decisions based on Tweets from McAfee, press releases, scores in Icobench, etc.
Sometimes, we come up with a loss in our decisions on what to invest but of course riding the hype while it's fresh has a positive impact on our money. However, just like what you said that some of the projects does not meet what they promised in the first place. So for instances like this, we should consider another option and invest on coins which is already in thearket and avoid ICO projects instead.
Yep you are very right we have seen this many times if there is big hype then nothing more we can expect from it ,real projects do their work and show it step by step and if there is hype then team want to sell and go , anyway all this time I have seen this only and nothing more.
But there's what i called short term success; this can only happen when there's hype. This follow of hype has single handedly yielded me with almost 200X and at that time i make mush profit. Although there's tendencies that not all hype you will be proud of when success is to be recall with. Hype can cause a gain and also cause a loose.
The premise of the OPs post is true most of the time, but there are some exceptions (as always). Like the "hype" about Antshares (NEO) back in 2017, OmiseGo and some others. People said not to hop on the train on the top of the pump, it will consolidate for 50%, but it just continued to go higher and higher. But those instances are rare to find.
You are right but just look at all the coins that have been released since that time and you will find that most success stories are an exception and not the rule, someone investing in the top 20 coins does not have that kind of worry since as soon as one of the coins drops out of the top 20 he just begins to trade the coin that it took its place, maybe the coin that dropped will comeback and he will trade it again or maybe it disappears but he does not care about it, so he gets some of the benefits of trading new coins but none of the risks since it is impossible he is going to hold his position in a coin until it disappears.
This is a good advice I was one of the savedroid victims, doing research about the project you find interest to invest on will put you and your funds on a safer side in the cryptosystem or even outside crypto jumping into what you knows you knows about about just because of hype always lead to failure and regret to avoid all this try to carry out research you can even ask for opinion here in the forum.
You carefully stated it all; as it stands now any investor or individual going after hyped projects is only risking his funds, as most of the time if not all times, they don't deliver and only comes up with unwarranted excuses to cover up their incompetencies.
Best things happens when you follow your research and guts Hype just makes panic and at the end of the day you might either be lucky or it just pans out and you mostly dont accomplish anything apart from losing money Electroneum actually disappointed me most But still sometimes just learn your lesson and then move on
Most times after the hype is a fall and full of regrets its not bad to hype a project if it has good qualities but still on the other end what if its a failed project what is its a scam and you are a part of it because it was hyped. Then end point is examine thoroghly if the project is worth the hype thanks
Majority of the hyped project don't return profit on investment and makes investors even lose initial capital for investment and a good example of such ICO is savedroid as mentioned above, it is so hyped as a German ICO, it's CEO Yasin initially ran with the raised fund and later come back saying it is publicity stunt joking with over 50 million dollars. Investors should be able to do research and don't follow the hype by some people on twitter or ICO rating sites
The way hype worked in the past, is different from his it is working now.
You must understand the nature of the market before you would understand the system if the new form of hype.
It still works, but you have to learn how it works. Although, it is better to stay off it when you don't have the understand and than follow it and lose.
You must understand the nature of the market before you would understand the system if the new form of hype.
It still works, but you have to learn how it works. Although, it is better to stay off it when you don't have the understand and than follow it and lose.
Hype comes and goes and sometimes it's worth following it. A good example is bitcoin SV. If you did not ignore it and sold it soon after the fork there was a lot of money to be made. Now it's worth less and less so with every coin you have to try to be smarter than the rest but not ignore the hype just be realistic about it.
A realistic trader buys the hype but knows when to sell.
A realistic trader buys the hype but knows when to sell.
There's no investor, grounded in crypto activities that will follow hype. I did that when I first joined crypto and it was a terrible experience. Well, some people still do follow hyped projects u toll they learn.
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