Hype or fundamental or technical analysis? what is more important in crypto? - page 2.

TastyChillySauce00

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as much as I would like to say that fundamental and technical analysis play a big role in crypto valuation but I can't deny that most of the people in crypto also just seek pure volatility and so many times disregard fundamental and technical analysis Grin

.

it's like how in stock there's sometime some stock that got hyped up, recently it's NVIDIA, back then it was GME. same thing actually played out in crypto market but at larger scale meme coin is just one of them.

just see the recent tap swap project like not coin and dogs, literally no utility at all yet valued billions or hundred millions. doesn't seem feel right but it is what it is.

I think pretty much we can also sum up that if you want to hold long term, just buy based on fundamental and technical analysis but if you want to speculate for short term, buy the hypes and ride it.

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Quote from: Sabuj_pal on September 04, 2024, 10:48:03 PM

Recently we can see that meme coins which have no fundamental or usecase are gaining popularity over solid project.

That "popularity" is just due to hype, speculation and FOMO.

When trading memecoins, it's more of a gamble because it hard to know if the token will just dump or get rugged by the devs any second. Yes, sometimes a few people get lucky, but a majority make loses.

Quote from: Sabuj_pal on September 04, 2024, 10:48:03 PM

Now i have a question- what is most important in crypto? hype or fundamental? And how can I identify that hype of any project is at it's last stage?

Hype is just temporary. If you decide to trade basing on hype, then you shouldn't be so greedy and always exit the market when the hype is still there. Do not wait for the "last" stage.

348Judah

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Quote from: Sabuj_pal on September 04, 2024, 10:48:03 PM

Recently we can see that meme coins which have no fundamental or usecase are gaining popularity over solid project. Now i have a question- what is most important in crypto? hype or fundamental? And how can I identify that hype of any project is at it's last stage?

All you have mentioned are very important in crypto trading, before you can go into any investment, you need to run a check on the way of performance of any coin in consideration, check on its hype from the market volume, market cap and its recent performance, then you may also need to understand the required ways to get on all these without receiving false information's online about any coin you are having in mind, after these, one can go on in conducting the fundamental and technical analysis altogether.

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Quote from: Sabuj_pal on September 04, 2024, 10:48:03 PM

Recently we can see that meme coins which have no fundamental or usecase are gaining popularity over solid project. Now i have a question- what is most important in crypto? hype or fundamental? And how can I identify that hype of any project is at it's last stage?

What is important in crypto for what? You only consider the increase in price?

Then nothing matters at all, other than demand and supply but it can be created for coins that have no fundamental thing but for long-lasting growth the most important aspect on crypto should be fundamental.

We all thing Doge coin has no use case in IRL but they do, they are preferred for payments when fee on bitcoin and ETH is higher.

avikz

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Quote from: Sabuj_pal on September 04, 2024, 10:48:03 PM

Recently we can see that meme coins which have no fundamental or usecase are gaining popularity over solid project. Now i have a question- what is most important in crypto? hype or fundamental? And how can I identify that hype of any project is at it's last stage?

Memecoins are pure hype. These coins do not have a user case and no business case either. So they can't really have fundamental values. The same thing applies to 99% of the active cryptos.

If you are talking about fundamentals, then Bitcoin and ETH are the only cryptos with actual user cases and business applications. Rest all are shitcoins.

There's no specific ways to identify the hype. But if you suddenly see the crypto magazines have started talking about a certain crypto, that might trigger some hype.

Abu-Naim

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Quote from: Sabuj_pal on September 04, 2024, 10:48:03 PM

Recently we can see that meme coins which have no fundamental or usecase are gaining popularity over solid project. Now i have a question- what is most important in crypto? hype or fundamental? And how can I identify that hype of any project is at it's last stage?

What do you mean by fundamental?
All projects are after the hype they will get from their community, and because of this, they do organize several ways of given awareness about the project which I think is what you mean by the fundamentals. They are all creating ways to give awareness about the project so that the project will get hype and it will be fully recognized in crypto space because the hype makes the project get value and it attracts investors because every investor will want a project that is been hyped so that they will be a sure of their money.

stomachgrowls

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Quote from: Sabuj_pal on September 04, 2024, 10:48:03 PM

Recently we can see that meme coins which have no fundamental or usecase are gaining popularity over solid project. Now i have a question- what is most important in crypto? hype or fundamental? And how can I identify that hype of any project is at it's last stage?

Actually totally depends on certain market. We do know that on DEX there are tons of meme coins lurking out there on which making up some launching every now and then and it keeps going
continously and there are really indeed tokens which do really ends up on having thoat 1000x on which this had been caused because of too much hype and strong community.
There's no way that technical analysis would really be working on this one and this is why its really that hard when you do deal up with meme coins. This is why it would really be just that a matter
of preference on where you would really be finding yourself to get involved with. To meme coins or would be going into those established coins like Bitcoin or ETH or some top altcoins?

In speaking about technical and fundamental then it is really just that normal that it will really be that so important because you cant be able to just simply deal up with a market with
having that random entry and exits towards coins. It would really be that important that you should really know at least on what you are really that dealing with.
It would really be just that normal that these things wont work on meme coins and this is why you should really be aware at least.

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Quote from: Sabuj_pal on September 04, 2024, 10:48:03 PM

Recently we can see that meme coins which have no fundamental or usecase are gaining popularity over solid project. Now i have a question- what is most important in crypto? hype or fundamental? And how can I identify that hype of any project is at it's last stage?

Those three mentioned is important in crypto if you are into trading since you need to know more about those situations to increase your chance to gain. If you focus on single criteria towards on your decisions on trading then provably you gonna missed out those important thing to consider.

But if you apply and verify on what's current happening by watching those things then provably that you might get an idea on where the market is heading. Multiple sources of information is important so that we can improve and always do good decisions on our possible trades. Lots of people want to short cut because they want fast profit but usually what happen to them is they fail because they always commit mistake on their trades.

Dr.Bitcoin_Strange

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Quote from: Sabuj_pal on September 04, 2024, 10:48:03 PM

Recently we can see that meme coins which have no fundamental or usecase are gaining popularity over solid project. Now i have a question- what is most important in crypto? hype or fundamental? And how can I identify that hype of any project is at it's last stage?

If you want to be more practical here, you can buy some of those meme coins that is currently being, also buy some of the native token of those solid projects you are referring to, hold those coins and tokens for an interval of two to four year and see the one that can survive the test of time. What you need to understand is that most of those memecoins will not survive after now because they are just a pump and dump token and after it has dump, it might not pump again. It's nice to invest in them when you have a better knowledge and understanding on how to maximize profit from it.

Charles-Tim

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The hype is also part of fundamental analysis. In the last bull run, people hyped Solana meme coins and some of the meme coins increased significantly in price before their price started to decrease also significantly. While some people went for celebrity tokens and lost money which some people knew already that it would be pumped and dumped.

But as you can see also, these are very risky. Some people can not take the risk and go for a better coin like bitcoin instead of gambling with altcoins.

Some people go for a better coin like bitcoin and avoid gambling. These kind of people will depend more on other fundamental and technical analyses. Those that are holders will prefer fundamental analysis while traders will prefer technical analyses and also with fundamental analysis.

Catenaccio

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Quote from: Sabuj_pal on September 04, 2024, 10:48:03 PM

Recently we can see that meme coins which have no fundamental or usecase are gaining popularity over solid project. Now i have a question- what is most important in crypto? hype or fundamental? And how can I identify that hype of any project is at it's last stage?

In cryptocurrency market that is very volatile and full of scams, it's nothing better than being intelligently and focus on fundamentals.

By focusing on fundamentals, you will filter thousands of projects in cryptocurrency market and get very few projects left with possible good fundamentals. Your assessment on their fundamentals can be wrong but by doing these steps, you reduce risk to be scammed easily in this market.

Fundamentally, Bitcoin is your best choice in this market.
21 millions bitcoin in total supply, capped, not changed.
It has been already tested in this market since 2009, an oldest cryptocurrency and also a strongest one.

Sabuj_pal

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Recently we can see that meme coins which have no fundamental or usecase are gaining popularity over solid project. Now i have a question- what is most important in crypto? hype or fundamental? And how can I identify that hype of any project is at it's last stage?

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