Topic: Why so much hype on crypto - page 6. (Read 1578 times)
When there's hype, it's always good. A good hype or not, that's another question. When there is a hype means the topic is alive and constantly discussed. Therefore, more people have it more and more often at the hearing. And the more people learn about the crypt, the faster the cryptocurrency market itself grows. Everything is natural.
I think there is still much hype around it since this is the future of economic evolution. There will be a time that everybode will be using crypto, one way or the other. Since this is just the beginning the pioneers want to jump on the bandwagon but don't know where to begin. I think it is a great opportunity to learn, do research on individual projects and find the hidden gems. There is still a lot of potential to 10x or even 100x your initial investment if you choose wisely and have patience.
All because of advertisements from person to person. Someone told you that it's easy to make a lot of money here, you told someone else and eventually a new person comes and with a high probability of losing money. It's all about the unconsciousness and greed of people for fast money.
Taking a loan or using all your life savings can be hugely risky, especially if you do not have the prerequisite knowledge on the tech and the coins.
This is a very risky move and only noobs do this. Why would you put all in if you don't know what you are gambling? crypto isn't about one day investment or an overnight success.
But you can make much overnight if you know how to trade and how to choose the potential coins that are really making that much.
Crypta became popular because of people who raised a huge amount of money. Everything went from mining to trading.
Because crypto is the key to our bright future and it has brought a lot of goods in hte world eve now. And of coursr it gives for people a chance to earn money.
Inflating the ICO campaign at the moment is very much happening, and you need to be alert to that. Many real campaigns are not potential but the hype is huge, and the community is powerful, so it attracts many people to invest. The Shivom project, for example, reached a hard cap but the exchange rate on the listed exchange floors did not reach the price when the ICO Token was sold.
People want to get fast money and don't want to learn a bit. I know at least two persons who invested in BTC without any knowledge about technology. They earned money, but still don't know about blockchain advantages.
Totally agree with you. Cryptocurrency is a very interesting topic. This market is largely the same as other markets. He does not forgive beginners. You have to be prepared for everything.
Be always knowledgeable in everything you wanted to, riding in the hype for anything is like getting in the trap. Read, research, ask for your circle of friends who already engaged in that business and of course learn step by step and always have patience in this community so that we can achieve our goals.
Nice sentiment but that will not stop they hype cycles with crypto. There have been so many 10x and 100x in crypto coins that now everyone wants to get in and be a part of that next big thing. The fear of missing out (FOMO) is very real and people need to consider this when getting into a coin. If you can get into a coin cheap or at no cost then you can capitalize on this but I think/hope that developers will figure a way to guard against this.
It's too common right now for people to play in a bounty and then dump it and move on. Meanwhile, people that bought the coin early lose a lot.
It's too common right now for people to play in a bounty and then dump it and move on. Meanwhile, people that bought the coin early lose a lot.
Because most do not know what they’re investing in and would rather listen to the crowd. What happens then? Prices crash once you’ve bought into it. Taking a loan or using all your life savings can be hugely risky, especially if you do not have the prerequisite knowledge on the tech and the coins. Be informed. Ask the right people. Arm yourself with knowledge before jumping on the hype-wagon. This would significantly reduce your risk and most importantly, position you to invest in the long-term fundamentals of the technology.
That is why you should research yourself when you plan to invest, don't rely on people here because they are just doing hype to promote the tokens that they have. Once they see that the price of token they had pump then they will dump causing the token's value to dropped.
Also invest what you can afford to lose. Never take a loan or mortgage to invest in crypto. As these is a very high risk high reward asset class. As crypto is not always going up, there also time that they will plunge drastically and if you have loan to pay, you are force to sell your tokens at a lower price. That is why taking loan is not advisable.
Last year was a bench mark year for cryptocurrencies, a lot of projects were launched last year compared to a few years ago when there were less than 50 Cryptos.
The boom started with the last bill run and a lot of people who got into the good and even average projects made very good ROI. this has caused it for people to think that just about any project out there can replicate those results but that is not the case and a market correction followed by a year bull run has brought the total market cap to new lows making it hard for even the good projects to Remain with positive ROI.
It is all hype
The boom started with the last bill run and a lot of people who got into the good and even average projects made very good ROI. this has caused it for people to think that just about any project out there can replicate those results but that is not the case and a market correction followed by a year bull run has brought the total market cap to new lows making it hard for even the good projects to Remain with positive ROI.
It is all hype
There is nothing to hype or exaggerate, all that happens upon the demand to the supply availability. At times can experience good price pumping which takes place in a gradual manner. Similarly when there is unexpected growth and the price peaks certain group of people term it a hype which is not fair and for this it is a must to learn better about bitcoin and the way it grows.
Taking a loan or using all your life savings can be hugely risky, especially if you do not have the prerequisite knowledge on the tech and the coins.
This is a very risky move and only noobs do this. Why would you put all in if you don't know what you are gambling? crypto isn't about one day investment or an overnight success.
But you can make much overnight if you know how to trade and how to choose the potential coins that are really making that much.
Hype is important also and in helps to move market prices. Anyways, we aren't have stabilize market and everything will be change directly especially when bitcoin pump. I know some people never knows about this, and for sure people are now excited to see bitcoin price reaches $20k again.
It's too easy for them to get into the wrong hole, put money in one basket and after dropping drastically they will only sell it, for me it will continue like that without thinking about what to do in this crypto market, I don't think of it as hype but justice which always revolves around the market to be more vigilant about unnatural greetings, don't be too hasty, according to your own knowledge it will develop in the future, buy and hold for the long term.
Crypto has been in the news much more often recently, so people who otherwise did not know about crypto are finding out about it and getting involved. They follow any type of crypto advice that they see, whether it is good or bad advice unfortunately, which I think it causing more people to get involved and to begin to generate more hype. As more altcoins are developed every day, that also leads to more hype because there is something new and exciting happening, and the market is unpredictable but can lead to high values. I think all of these factors contribute to crypto hype.
I think why should not be the question here, but rather when, haha. So, when, if not now. We live in a digital era and since the advent of the internet, people have been trying to find new ways for technology to advance. We need decentralized systems that will be in the hands of the people rather than rich corporations and the elite. The revolution has begun.
Because most do not know what they’re investing in and would rather listen to the crowd. What happens then? Prices crash once you’ve bought into it. Taking a loan or using all your life savings can be hugely risky, especially if you do not have the prerequisite knowledge on the tech and the coins. Be informed. Ask the right people. Arm yourself with knowledge before jumping on the hype-wagon. This would significantly reduce your risk and most importantly, position you to invest in the long-term fundamentals of the technology.
Yes, I completely agree with you. The crypto market is very risky. I wouldn't advise to invest all the capital in it. Nobody knows that he will be with crypto-market after a while. Beginners who want to invest in crypto shouldn't do hasty steps in investments. Everything needs to be studied in detail! Jump to: