Topic: What is more important Hype or Utility? - page 2. (Read 222 times)
I personally prefer investments that have utility, not so interested in very fast profits because it is certain that if the hype disappears then the altcoin price will be destroyed, there have been many examples of some meme tokens that are so hype but when the hype is gone, what remains only regret.
coins depends on hype or coins with utility?
It should be a coin/token that has both (hype and utility) but I can't deny the fact that if hype was really important. Doge and shiba inu has proven that even without any product or utility use case a meme token can worth billions of market cap. that proves that if people can buy that based on the speculation instead of utility that already offered. Utility can built later but the hype will be driving the price of coin/token to go up. If you are watching shiba inu correctly and you will find that if binance and coinbase were adding this coin due to the its hype and volume. The major exchange sites were also seeing the hype as a very important thing and they didn't wanna lose the demand that was also helping to drive the coin up due to the hype. Utility can be developed later as long as coin/token have a blockchain that was supported dapps development. The hype can't be created easily as this must be driven by so many factor like big boys and many more. When elon musk was mentioning shiba inu and people were massively buying shiba inu without think about its utility and that's it. I will prefer to pick hype instead of utility for short term and utility combined with hype for long term. Utility without hype means nothing.
Investing in crypto assets is risky but also potentially extremely profitable. Cryptocurrency is a good investment if you want to gain direct exposure to the demand for digital currency, while a safer but potentially less lucrative alternative is to buy the stocks of companies with exposure to cryptocurrency.
I'd choose utilities over hype because utility guaranteed the project existence for long term compare to projects based on hypes only, it's better for a project to have good utility and good marketing strategy that can create good hype so all in all it depends on the team
Utility first before hype. The token build through utility or meaningful use case will last long. Hype is just a hype that will fade in an instant. The project with great use case will definitely hype in due time. It means hype is part of crypto popularity to increase the value and will gain access point to have more partnerships.
Agreed. Most pump and dump coins doesn't last for a year or so. It only happens within months and suddenly drop within a night or so. Its still better to invest into coins who has fundamentals that determines its price. These pump and dumps are probably hot in newbies eyes but for real OG, it will never be. Too much risk you are given to that investment and could potentially lose all of it in just a blink of an eye.
There's a thousands of coins and tokens in crypto market. We can see the pump and dump of every tokens or coins in the market. People usually look on the use case of a tokens or coins before they invest but not all. Other's doesn't care about the utility of a certain coins instead they are after the profit they can get during the pump of a token or coins. Hype can make a coin pump but it's generally unsustainable and utility can make a coin pump long term but it needs hype to thrive, otherwise there won't be enough people to patronize and buy such coin. Hypecoins are good for short term gains, but will never beat utility in terms of smart long term calculated investing.
If you are a trader or investor, what is important to you in choosing token or coins to invest, coins depends on hype or coins with utility?
I am sure that hype and advertisement is much more important than utility if we are talking about short-term trading. If a coin is popular but completely useless, it will pump and traders will earn on it. A good example is meme coins that are absolutely useless as don't have any fundament, but they were trendy due to Elon Musk and this way they increased by many times. If you are a trader or investor, what is important to you in choosing token or coins to invest, coins depends on hype or coins with utility?
There's a thousands of coins and tokens in crypto market. We can see the pump and dump of every tokens or coins in the market. People usually look on the use case of a tokens or coins before they invest but not all. Other's doesn't care about the utility of a certain coins instead they are after the profit they can get during the pump of a token or coins. Hype can make a coin pump but it's generally unsustainable and utility can make a coin pump long term but it needs hype to thrive, otherwise there won't be enough people to patronize and buy such coin. Hypecoins are good for short term gains, but will never beat utility in terms of smart long term calculated investing.
If you are a trader or investor, what is important to you in choosing token or coins to invest, coins depends on hype or coins with utility?
Well i'm agree with that, Mostly on the crypto market today hype was more important than utility since people want some short profit but if you are looking for long term option with better prospect then utilty it's the most important, The price can't easily jumping out to 2x or 3x coin with real utility but lack of hype have more steady growth with more stabile value rather than coin without real purpose but hyped. If you are a trader or investor, what is important to you in choosing token or coins to invest, coins depends on hype or coins with utility?
There's a thousands of coins and tokens in crypto market. We can see the pump and dump of every tokens or coins in the market. People usually look on the use case of a tokens or coins before they invest but not all. Other's doesn't care about the utility of a certain coins instead they are after the profit they can get during the pump of a token or coins. Hype can make a coin pump but it's generally unsustainable and utility can make a coin pump long term but it needs hype to thrive, otherwise there won't be enough people to patronize and buy such coin. Hypecoins are good for short term gains, but will never beat utility in terms of smart long term calculated investing.
If you are a trader or investor, what is important to you in choosing token or coins to invest, coins depends on hype or coins with utility?
If you are a trader or investor, what is important to you in choosing token or coins to invest, coins depends on hype or coins with utility?
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