Bitcoin Forum

I can end up getting hated for this but it's the plain truth, if something is already popular then you've already missed the boat, don't believe the hype sell people shovels instead, I believe this is the way of the rich people, their perfect strategy that still looks like slavery to my eye

I totally agree with that statement. That is also the reason why i don't invest into Bitcoin, Ethereum, Solana, Polkadot, Cosmos and all those other coins in the top 50 or so during a normal market, because the early investors of those projects already made a x100, x1000 or even more with that projects. I don't say that it is wrong to invest into those projects because there is still room to grow even for BTC, but i just don't think we will see another x10 of BTC in the next few years, but of course you still have the chance for a really nice profit in comparison to normal financial products of a bank or something. If we see a really heavy bear market now and we are going to a ETH price of below 1000$ or something then maybe i will think about buying some ETH, but not before.

It's partially true.
There are instances that one popular cryptocurrency could stay that way for a long time. As long as there is nothing better that will compete against it then the throne will stay. Take Ethereum as an example. Has it been a year without something new about it but yet we are looking at a valuable coin up until now. I bought it at $260 June 2020 and never sold it until now. I should've but I just can't. Something tells me this is not over yet because of the upcoming update. It's popularity has taken place years ago but instead of being pulled down, it went even higher.

hypes is the main reason why people always can get returned when it comes investing even shorterm, so don't be surprised why as well most investors always rely on some popular coins in the market because they're the common projects only that really performing the market especially nowadays compared to some trusted projects and that's based on my observation.. It's all about the opportunity especially shorterm so it's not surprising to be honest why popular coins in the market always crowded and literally making hypes.

True. Popularity = pump.
If there was a coin becomes even more popular and that means the price of such coin is increasing straight with its popularity. That means popularity = demand to buy the tokens. This game is being used by the whale to fool the small traders. The whale was pumping it and then market will pay awareness into such coin and that will make small traders and buyers move to pour their money to the whale that already prepared to dump their coins to the market.



yeah but this can be done only by wealthy people as they have unlimited money to did pump and dump while the small traders and poor guy have small money that can't be used to invest in so many things. This is why buying when coin gets traction was a very bad decision that can be taken by anyone.

It doesn't apply to all and it depends on the when you entered the market. I remember BNB was worth $40+ and it's already popular. Did you miss the boat when you bought a popular coin at $40 before pumping 10x? Definitely not.

It's the same case with BTC a year or two ago. It's the number one crypto valued at less than $10K. Did you miss the boat when you bought it under $10K during that time before it pumped to $60K+? Nope.

The same with Eth and many others.

But jumping into the halfway is better than drowning till the death right?

If you are investing when something is at its peak then its completely wrong, make investment when the price is not appealing but it has the potential to grow up when everything goes well that's what is happening with Bitcoin and other most popular cryptocurrencies.

Your shovel may not dig, but only stand in the corner and look like a tool similar to the one that is designed for digging. If it is only for appearance, then you will not go far on it. This is a figurative answer to your thought.

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But here I do not agree with your opinion, that investing in top coins is not rational at this stage. I think that ETH will no longer cost below $1,000. Maybe I will remember you and this post after a while and think that you were right.

Why can you be sure that ETH is no longer valuable when we know that so far ETH has been a transaction tool, so there is no term that ETH is no longer valuable or dead even though the ,current price of ETH is quite cheap.

kinda true first of all there is no missing boat there is always chance to get there  ;) all we need is educate ourself so we dont fall on same hole

people with high follower maybe say to buy this coin or that coin like you all said people who said that is already buy before make ann

and yes learn little about trading fibbonaci and other method will help is the coin is oversold or overbought

and keep dyor if you buy new coin

This is not always true coz when something started to be popular and it doesn't mean you have been missing the train. Let's say that if you were seeing polygon was around $ 0,5 and this has become popular at that time but it can grow up to the around $2,5 or even more. That being said that the chance for the crypto to grow totally non depend on the how popular the crypto is. It's about how big rational marketcap that already reached and so many things also affecting this.
Just because it was growing up and it doesn't mean people are so late to join in the party. I think that you might have called bitcoin as a popular coin when it was growint from 10k to the 40k but once you have even invested on bitcoin when it was around 40k and bitcoin was also growing even more to the 70k. that means your statement was not true at all and it's only happening once the coin reached the peak marketcap.

Not entirely true, cryptocurency is quite popular this days but have you missed the boat, No. You can still make life changing profit investing in small market capitalization coins and become financial free in 2 to 5 years. This industry is one for the different ones out there where there is always an opportunity waiting for you to make money. Bitcoin itself has not left the station, we have an estimated price of $1 million dollars per coin. If that was to come into reality then investing today will feel like investing in 2009 when Bitcoin journey just began.
 
There is a reason we have the altcoins market, you can make profits from this market and acquire as much Bitcoin as you need. Just be cautious about the different trends that pops up. Not many will survive for long, so are just noises that will die down very soon.

Why do you think it looks like slavery? When you decide to invest in crypto, you should first learn what you need to invest and how much money you will use. If something is already popular, you should not try to jump to the boat instead of searching for the other things that can pump after that is the end. It is why we need to research for every chance we have so we do not pick the wrong investment type. Besides that, we are free to decide to invest where we want and not follow the rich people's ways. We all missed the right time to buy at the lowest price but we still have the chance to buy at another low price that can help us make a profit. We need to repeat it to get what we want.

Yes and no, you also need net effect. New projects need to get noticed, by serious developers and investors with small cap projects people are taking a huge risk that they might not have enough interested users and might die before anyone even noticed that they exist.


And now you completely lost me.

Hype is not always bad for the market because sometimes hype can give us an advantage if we can do a good analysis and strategy when we want to invest with hype coin, this is a crypto market anything can happen in it and we can't blame investors who do this because they also want to make a profit that way.

Of course, everything here is a friend if you know how to take advantage of everything. Bear market? buy at the dip, hype? follow it and the dump before the hype died down.

So it's not that bad, and it's all about the timing in the market. Sometimes you just have to listen to your guts as well, when to enter and when to exit. And once you exited, never look back so that you don't have any regrets.

Even when that statement is correct, how many traders/investors actually follow that rule. Now the market has dumped quite a bit and all you still see people post in here is the market will still go down some more and most are not thinking of buying this position right now until they see green market again after they must have missed the bottom then everyone starts to jump in again and that is the same thing with every other coin until they become popular.

Hehe this was how shiba ends up turning many people into millionaires, no one saw it coming isn't it? Where real money will pump out from is always someplace we all underestimated, BTC and ETH are the best but their gains won't be as huge as something new, this is why I don't consider any coin as scam as far as I can make money out of them, remember it's always about the money making not how long the project will live for.

This your stance is not always true, sometimes it is and sometimes it is not. But, is always good to be part of a project before it goes viral because most cases when it has gone public if you enter into it you end up losing but sometimes you can be luck that even after it has gone public you still make a lot of profits but this are project that are for long term investment.

Moreover, not going with all at once and having multiple choices while investing in altcoins will help you to not missing out biggest oppertunities of altcoin space. Just diversify your choices and also invest regularly but in small amount each time; this way you may get chances to catch coins like ethereum on its early days itself.

Indeed, the market strategy is controlled by those who own capital. If someone has a lot of money he will automatically be the king of the market in determining prices.
No one is able to pump up the market price unless he is the owner of capital, as well as dumps.
So Hype is easily done on certain coins. We need to be careful of hype, because there will be times when the coin will fall after the owner of the capital targets the hype on the new coin.

This is it but people are also in demand to shorting it and they ended up being loses caused by their mistake. The believers of the project will always believe if that is still undervalued. that's why they try to take the risk by buying it at the peak price with the hope if the price can go even higher than before. They never learn from the mistake created by others. This must not be followed by others or even newbies.


When the hype is done and the whale will be gone. You must also remember that if there will be someone who make million from trade and then there will always be also lots of people lose thousands or even hundreds thousands of money. The percentage must relatively high compared how much people winning the game.

There is a lot of truth in what you wrote, but I have seen a few financial bubbles before and the truth is that when we are in the middle of a bubble, unfortunately we are not able to say what stage we are at. It may be that we think the hype is high, but we may really be at the very beginning of the bubble.

The only way you can find something new is by building on top of something old. This is really the standard rule for everything. Science builds on old science, math builds on old math, new inventions build on old inventions. If you think that copy pasting something new is the way to go, you would be very very wrong.

Instead of chasing the new stuff and chasing the popularity crowd, you should concentrate on building something yourself. Something people might like, might not like or might not care about. If your new thing gets hyped, lucky for you. But don't demand luck if you don't get hype.

All rich people say you should buy when the price goes down and sell when it goes up. In every financial market, prices rise and then fall. It is very difficult to determine which time to buy and sell is best. Fortunately, the price of Bitcoin has been rising steadily over the years, so I don't think it will change for a long time. So HODL and you will be satisfied.

That really happened.  Just do your best next time.

It's a tough challenge to go with the flow regardless of the trend. Things aren't that easy. You have to think outside the box or much better to totally remove the box. Find out what's the best thing to do in order to have a good long-run journey here in the crypto-world.

Good luck to you and to those who have the same thinking.

The winner will alway follow that rule. I can say we have less winner compared to the losers in this case.

They have been missing the buying opportunity. Waiting for the free market to happen is the worst thing right now. You can't even sure whether that was a bulltrap or not. that's why taking the dip will always become the main decision that can be taken. The newbies are waiting for the signal but they didn't even know when that will happen for sure.
It's hard to predict but there's no choice as this is how they can make money from the market.

Yes that's right because there are also many people who have successfully joined projects that are really legitimate and promising and they also always make money.
Even though you can't get rich quick, you can be profitable.
The advantage is always there even though not at the beginning maybe at the end.

The key in this matter is research because if you can do that and get the right project that you can use as your investment, you will make money and have the potential to become rich. Becoming rich is a long-term target, while if you are late, you can start from now because you still have time to do. Money management is important here to become rich because if you can save your profit and use it to search for another potential project, you will become rich and that is just a matter of time before you will be rich.

I'm not sure if I'm going to agree with this one. I think you can still go along with the hype but with extra precaution, I for once managed to make a good profit for a coin that's already been popular and hyped but not all the time. Still I go along with popular coins such as Bitcoin, I'd like to stick with this coin.

If you see that a project is hyped and the price is pumped and overpriced, then just don't invest in it. Look for a young project that is not yet loud about on market, research it carefully, invest in it, wait for it to develop and realize milestones, wait for its price to rise, and then realize profits (as rich people do).

If we want to buy bitcoin at a time when the price goes down and we see there will be a profit someday, then do it. But if we think of people talking about time to buy, it's time to buy it as something that only makes them profit, so don't buy. Back to each of us, because here, in bitcoin or crypto there is no coercion. Because at the time of profit, we ourselves enjoy the results, and when we lose we ourselves feel it.
So here we need to learn first so that we don't just follow other people's words.

More or less like that and the most important thing is that before joining the project make sure we have done some research first,
we know that in crypto there are many projects that end in scams and of course we want to minimize things like that

None will hated you coz you are telling about the truth. there was a point for a coin to reach its peak price position. People are thinking as long as it has not yet reach the peak price and people are still trying to short it. They didn't care if the coin can dump again anytime. Remember that candle is always moving so fast and it will change the position in any minutes. that being said that if people can be trapped at the peak price as well.

People are still believing in the hype coz this is how they make money from the market. Rich people will always try to take the advantage in any situation but they didn't even need waiting for the dip as they would able to pump the coin with their money to attract small shrimp to fall into their trap. It's you but they may have different opinion about that.

ahh missing the boat is a common thing mate ,we can sit in another boat with the same goal ! popular coins like ethereum bitcoin are still profitable during bull runs  so actually we can still take advantage on other time ! hype meme that we must be aware because unit that can be dump hard like last year's case ,people there are profits but not a few loses

I mean you are true, that is why Shiba Inu and other new stuff getting fame because they are popular by certain factor, it is either from the influencer or because the scheme behind of those coins. Following the hype could be a good thing or not if you don't know when to stop, it's nice to jump into it when you know what to do and can grab some quick profit from there, but holding a hype coin for considered a long time is kind of a bad move.

every trend needs supporting factors for the road to its success, such as large capital owners and others. Therefore, when a trend is present, we must quickly follow it before it is left behind and does not make a profit.