Indeed hype is the biggest challenge faced by crypto space currently. There is so much hype around certain events that many people no longer take the time to study prices, and understand what information they convey.
There are many hundreds of crypto, all built by different teams, with different protocols, as well as different objectives and use cases.
So Don't invest because of media or environmental hype. And one other thing, Crypto Investment is a super duper very very high risk investment, just like investing in an early stage Startup, we will be facing lots and lots of ups and downs along the way. please keep that in mind.
Topic: There’s a lot of hype with Cryptos. Why? (Read 431 times)
Yes ,i often see hype tokens on social media ,So far as i know hype coins is not good to invest,Because if therwa no hype anymore the coins wilp be dead also.Sas that some devs use crypto influencers to hype their tokens or coins.
Hype coins are more likely a bubble and if you're got caught on top you'll leave hanging there. Usually, they create a hype in the community so many will get curious over it but normally end up shit.
Don't get lure to it because potential icos doesn't make noise hence their victory should be.
Crypto is very risky in inself, and ICOs are even more so. With no insurance here, your only choice is to rely on your own knowledge and experience.
The masses opinion could point out an interesting project, but always do your own research.
The masses opinion could point out an interesting project, but always do your own research.
I advise always to look at competitors, if there are many, then compare the developers, their skills and experience in the industry to which the project is directed. Recently, a lot of projects appear competing, I myself saw how projects survive only due to the great experience of the team
Another good factor to consider when you are looking to invest in an ico is to look at how big is the project that is currently leading the race to be the best at whatever niche that coin is pursuing, because if there is a coin that is extremely dominant at the end it is not going to matter at all how good the project in which you are investing can be, people are not going to stop using the leading project. 
è What issue does the coin solve?
è Is there any utility to the coin?
è What are the credentials of the team of developers?
è Do they have competitors within the space? And if so, compare their valuations
These questions are really a standard thing to have in mind as an investor but most people do fail up to follow.Why? because they are just too lazy on searching things up before putting up money and they do only realize when they are already being scammed. Hype is just common on this very unpredictable market not only on the nature of Crypto alone but also this is prone to shills and fuds which fundamentals can really give big effect into this field. è Is there any utility to the coin?
è What are the credentials of the team of developers?
è Do they have competitors within the space? And if so, compare their valuations
The top 3 options of knowledge to be known before investing in ICO are the most important one, with this research 90% you can know about the ICO project base.
These are surely important but from an investment critic point of view one of the most important part is to find the weak points and bring in consideration the reasons to not invest in a certain activity. It is one of the best evaluation method. I bet it would definitely work.
I advise always to look at competitors, if there are many, then compare the developers, their skills and experience in the industry to which the project is directed. Recently, a lot of projects appear competing, I myself saw how projects survive only due to the great experience of the team
Because most do not know what they’re investing in and would rather listen to the crowd.
The best way to protect yourself is to arm oneself with the necessary skills and knowledge to make an informed investment decision. Investing on fundamentals sets you up for the long term, and most importantly it gives you ease of mind since you’ve made your decision based on your own analysis and stand.
Ask as many questions as possible and seek to find the answers before you invest. Such questions can include:
è What issue does the coin solve?
è Is there any utility to the coin?
è What are the credentials of the team of developers?
è Do they have competitors within the space? And if so, compare their valuations
Also, it’s a great idea to look for reasons you shouldn’t invest. There might be several red flags associated with that particular crypto. Keep asking and finding answers through various sources. Reddit is a good source of information. Once you’ve done your due diligence, you’d have a peace of mind knowing whether it’s worth your money.
The part that I selected is probably the most important of the post, when you begin looking through icos you should look for reasons to not invest in them, and if you find any single red flag associated with the ico it should be immediately disqualified to receive any investment from you, that way only the best icos will remain and if you keep repeating this process you will surely make money in the future. The best way to protect yourself is to arm oneself with the necessary skills and knowledge to make an informed investment decision. Investing on fundamentals sets you up for the long term, and most importantly it gives you ease of mind since you’ve made your decision based on your own analysis and stand.
Ask as many questions as possible and seek to find the answers before you invest. Such questions can include:
è What issue does the coin solve?
è Is there any utility to the coin?
è What are the credentials of the team of developers?
è Do they have competitors within the space? And if so, compare their valuations
Also, it’s a great idea to look for reasons you shouldn’t invest. There might be several red flags associated with that particular crypto. Keep asking and finding answers through various sources. Reddit is a good source of information. Once you’ve done your due diligence, you’d have a peace of mind knowing whether it’s worth your money.
investing requires detailed product information that we will use as investment and this is very important, don't be ridiculous just with unclear issues about something and we give our money there
The cryptocurrency market is so unpredictable that no one can give you an unambiguous opinion about any coin. You should be able to continuously obtain information about the cryptocurrency to learn how to determine the perspective of the coins. You should rely only on yourself, because all the risks for your actions are only you.
Good point. Take control of your decisions, and take responsibility of all the knowledge you acquire.
People are quick to look for someone or something else to blame when the prices go to hell, and yet take credit for being smart or wise when they're in profits. I see all whale signal channels do this too. Don't be like them. Make the effort to learn and research, and take decisions based on what YOU know, not what someone else told you.
At the end of the day, win or lose, you know everything was based on what you found, and you can live with that. Crypto is a hype yes, but take away hype and you still have a brilliant idea. Be glad to be use it and be part of it.
Yes ,i often see hype tokens on social media ,So far as i know hype coins is not good to invest,Because if therwa no hype anymore the coins wilp be dead also.Sas that some devs use crypto influencers to hype their tokens or coins.
It's often times the promises that a company/ICO makes when developing/launching a new cryptocurrency to market. The promises made often seem like "no-think no-risk" investments for everyday people and this often times causes the hype around a certain coin. The FOMO kicks in and it kicks in hard.
There are a lot of coins that indeed are top notch and greatly benefit their users but also scams are widespread in the crypto sphere.
There are a lot of coins that indeed are top notch and greatly benefit their users but also scams are widespread in the crypto sphere.
Hey. I agree that knowledge is power. And the process of investing is a risk, because you are giving your money to the disposal of other people.
investing money in cryptocurrency is actually full of risk because the crypto currency itself is fluctuating if you don't have any knowledge about cryptocurrency maybe someone will quickly leave it and consider cryptocurrency a fraud.
The cryptocurrency market is so unpredictable that no one can give you an unambiguous opinion about any coin. You should be able to continuously obtain information about the cryptocurrency to learn how to determine the perspective of the coins. You should rely only on yourself, because all the risks for your actions are only you.
Sometimes the opinion of the crowd, too, can listen. If there is a lot of talk about the coin, you can pay attention to it. Means she than the deserved positive attention. But the final conclusion you still have to do yourself.
The top 3 options of knowledge to be known before investing in ICO are the most important one, with this research 90% you can know about the ICO project base.
Because most do not know what they’re investing in and would rather listen to the crowd.
The best way to protect yourself is to arm oneself with the necessary skills and knowledge to make an informed investment decision. Investing on fundamentals sets you up for the long term, and most importantly it gives you ease of mind since you’ve made your decision based on your own analysis and stand.
Ask as many questions as possible and seek to find the answers before you invest. Such questions can include:
è What issue does the coin solve?
è Is there any utility to the coin?
è What are the credentials of the team of developers?
è Do they have competitors within the space? And if so, compare their valuations
Also, it’s a great idea to look for reasons you shouldn’t invest. There might be several red flags associated with that particular crypto. Keep asking and finding answers through various sources. Reddit is a good source of information. Once you’ve done your due diligence, you’d have a peace of mind knowing whether it’s worth your money.
The best way to protect yourself is to arm oneself with the necessary skills and knowledge to make an informed investment decision. Investing on fundamentals sets you up for the long term, and most importantly it gives you ease of mind since you’ve made your decision based on your own analysis and stand.
Ask as many questions as possible and seek to find the answers before you invest. Such questions can include:
è What issue does the coin solve?
è Is there any utility to the coin?
è What are the credentials of the team of developers?
è Do they have competitors within the space? And if so, compare their valuations
Also, it’s a great idea to look for reasons you shouldn’t invest. There might be several red flags associated with that particular crypto. Keep asking and finding answers through various sources. Reddit is a good source of information. Once you’ve done your due diligence, you’d have a peace of mind knowing whether it’s worth your money.
Thats right. To me the most important you listed is what the coin is offering and team involved. When this two are in a project then you have my attention. Without doing proper research and investing based on hype is very risky and they probability to lose one capital is high.
They is no excuse for been ignorant.
many groups of people seek profits with hype
because it is very easy to make profit, a group of people flock to create hype
because it is very easy to make profit, a group of people flock to create hype
You're very right. There are a lot one needs to be aware of in any crypto before thinking of investment. Is the token an utility token and how sustainable is it?. Those it serves as a store of value.
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