Bitcoin Forum

what did you guys see about sweatcoin hype

will this last forever????

Litepaper on google drive. What do you want more?

Some people have been using the sweat app for a while now and have been getting rewards in sweatcoin since. There is now a sweat wallet where users can move the sweatcoin they have been earning to. There is also news that some exchanges; KUCOIN, BYBIT, OKX, BITFINEX & FTX will list sweat coin by 13th of September (that is shortly) plus an airdrop for some lucky persons to their sweat wallet. If it turns out to be really legit, It will go a long way for the persons who will be lucky to benefit.

see more info from twitter: https://twitter.com/SweatEconomy/status/1569367392052023296?t=YDqzit22uvR6hXtDhBEwPA&s=09

This one is too hype and I think this was easier to use compared to what introduce by STEPN wherein you'll just use the app for lifestyle. The thing is people want to use an easy one so I don't think the hype will end that easy, they have tokenomics behind the SWEAT token which is interesting too. We may never know what might future holds but one thing is for sure, they are killing it in the present.

Hype is not forever but the project looks interesting considering its current trend.
You can ride the hype right now while the price is still cheap and while the price is still pumping because for sure if there's no development anymore with this project that is the time for its price to dump and many investors will leave this project right away. After reaching the peak today, now it's on down again so be careful with this volatility, this could be manipluated by the whales with a help of the hype.

Well, the truth is that the hyped projects won't stay long and after this, a terrible dump is what you probably see in them.
If you are investing in this project, make sure that you will sell them at their peak. Don't make to miss that time otherwise, your $100 turns to $0. Many of these projects turn into scams and many people become a victim of this trick believing that they can multiply their money by how many times and neglecting to think it was a scam.

Sweatcoin is an app that converts your footsteps into digital coins, which you can use to earn extra cash.
Sweatcoin developers have plans to make Sweatcoin a cryptocurrency that can be exchanged for other digital currencies such as Bitcoin.
There is no guarantee that Sweatcoin will last forever.

Once the hype is gone, the coin will be gone too! That's what we have seen multiple times in the past. A coin without any actual utility or no fundamentals are bound to fail. Till the time hype is there, market will respond to the coin. Once the hype is over, you have to add another coin to your deadcoins list.

I personally have not less than 50 deadcoins in my wallet which cannot be sold anymore. Sweatcoin is going to have similar fate.

Why do people like things they don't understand? Why are they risking money on something that he is not sure will succeed when he is looking for profit from what he is betting on? Investing is not gambling. Investment is an activity of investing money or capital for the purpose of making a profit, while gambling is an activity carried out with the hope of winning. So, if you don't understand the future of the project you want to invest in, it's best if you stop investing and look for another project.

This question of yours doesn't make sense, nothing last forever if you must know. Sweatcoin is a project that is yet to enter any exchange, you can only earn some by using the app, the app looks 80% ready with constant updates from the team, there is a mini store where you can spend your earned sweatcoin on items.
there is nothing much to say about the project except you can earn free sweatcoin now if you put in some effort. and as for last forever, I really doubt you understand what you ask.

I think this hype with shitsweatcoin doesn't deserve attention. Like any similar hype. If you look at it pragmatically, as soon as there is a hype around sweatcoin or any other shitcoin, it is too late to invest in it. At the expense of people like you, the founders and early investors (insiders) will get rich. Will you get rich? With a high degree of probability - no, because the time of hype projects is short and you will not have time to notice how the price of sweatcoin rushes down.

What kind of hype are we even talking about? The project is absolutely nowhere to be found, nowhere to be traded, but it already has a hype? In terms of what around him, artificial or real, you can judge when he will fully enter the market. There are already many projects in the BSC network with the Move 2 Earn business model, but no one has repeated the success of STEPN. That there really was a hype that lasted very long, in spite of the bear market, gave a very good return on investment.

P.S. To answer your question. Hype is not eternal, no matter how loud it may be.

It is hype but good trend at this current stage. A lot of people are using their app to earn their coin. If they want, they can improve their project to survive in this competitive market. At this time, they need good strategy to develop the project for long time as they have good community already.

Just a hype. It won't last forever though normally we can still profit from it by utilizing it's market hype now. I've receive some referrals about sweatcoin three times today and I think many people are joining in because of their referral program. Haven't joined their airdrop yet but I see that the hype came from being listed on some big exchanges like Kucoin, Gate.io and FTX. It's a move to earn platform so I don't know what to expect from it knowing that many copycats have failed and can't rival STEPN.

That project is just for hype and the same with the stepn that have been able to give that craze for walk to earn. I guess just think about your fitness when you're able to sweat and thought that you'll make a lot from this coin.

I don't think that this coin is ever going to last longer because of what it has got. Project such as sweatcoin have been made just for people to make profit too quick but it's not going to be able to be continually supported by itself because models like this usually are just good during bull runs.

I heavily doubt that this hype will go on for more than a few days before it slowly dies off again. I also noticed that sweat has a very large trading volume on Kucoin and because of that i did a little search what this project is and what i have found is nothing special that would justify that kind of hype in my opinion. I also read in their whitepaper that users of their app that is also running since a few months now or so can exchange their earned sweatcoin from the app into real SWEAT that are now traded with a 1 to 1 ration. I have not found info yet if this has already happened but i would guess that once the users get those free SWEAT the price will heavily dump because we all know that 95% of the users of those app are just airdrop hunters and botters that are farming those sweatcoins for profit.

Another shit token that will give profits to its early investors and will puff out after some time this happens with most of the projects that are launched through any IDO platform.

They make hype by Continual exchange listings and since there is less supply it pumps but later when the tokens of the early investors/ VCs are unlocked, it starts to die gradually.

Well, what I expected from these projects, I actually didn't get the exact results from the projects. But I have to admit that this is actually one of the biggest projects, and obviously, it is also a financially strong project too. Just imagine a project starting their journey with the top exchanges in the market. So obviously, these projects get lots of attention, and more attention means more hype, and more hype means more growth. It actually disappointed users who expected it to begin its journey with a price of at least $1, but it is truly disappointing. But I believe it can reach that position very soon. It can prove that this is actually a great project. Soo, all the best sweatcoin.

The hype is all over my social media feed and I can see that many people are interested to get in and make profit, I see this as a normal scenario every time there’s a hype for a new token. This will not last, don’t expect too much and bette to take profit as early as possible, i can’t see any good reason to hold this token after the hype you can see the worst for this project, I won’t bit for this trap.

I've been using Sweatcoin since 2019 (but not much on 2020 due to various lockdowns) since I am walking a lot almost everyday. At first, I just simply use that app to walk until I get to the $400 threshold where I can convert my Sweat Coins to Paypal and also buying stuff using them as a discount.

When they have decided to enter the crypto space, I didn't expect much from them because I know that the hype would not last long. I don't expect that they will be heading straight to the moon after listing to a lot of exchanges, and that's really true as it only has a $0.05 average price.

Plus, we can only cash out 10% of our tokens during the TGE and the remaining will be locked for 2 years I think as what I have seen from various social media posts on my feed.

I see this Sweatcoin everywhere I go and on every advertising webpage. The hype is just insane. Oh, I forgot. I saw the app on Google Plaaystore, and I'm like what the hell is going on. I don't think its got much to do. I think its pure hype, just like many crypto projects out there

I took the time to look at this coin and the only thing that I can say to you is that hype is never going to last forever, the coin is presenting movements that are too extreme, it seems that the coin went from an all time low to an all time high in less than 24 hours, and now the price is going down once again, so if I were you I will be incredibly cautious about any possible investment that you could make in this asset, as there is simply no way to predict what it is going to happen next.

Let's see, "cheap"?

* We don't know the valuation. Quick look at tokenomics and i can't make sense of the marketcap.
* We can't ask on their telegram channel as they have currently closed it for messaging which is a red flag
* We don't know the original investor price,
* Max supply is unlimited (with increasing difficulty), which isn't bad but still as i don't have a clue even about the circulating supply, it makes difficult to count anything.

This could be hyped for a while sure, but i am sensing that movement will easy to hack and real "miners" will be discouraged when some people are making money without moving at all. But without marketcap it's really hard to tell if this is has potential to go up and how much.

Also, we don't have a clue if they are selling the tracking data to third party.

The question now is, "Did you withdraw the $400 that you got from walking?". For sure many including me is curious about it.

I tried to use it way back 2018 I think or 2019 IIRC but didn't continue to use it for some reasons. With regards to the OP, nothing is forever in crypto. Today you might see it booming but tomorrow you might see them running alongside the money that they got. Sweatcoin has been there for quite some time and yet, I don't see anybody talking about it until now. Well, it's kind of hyped right now and maybe I might try to use it as long as there is no KYC on it :D.

Hype doesn't last long and obviously not forever. There are many projects that have been hyped but only few of them survived. When StepN got hyped, some people linked Sweatcoin into it since they are the same where you can earn by walking or jogging.

Same with other mods of earning from play to earn, move to earn and other means. The coin is dont have different from gmx except you dont need a rubbish expensive shoes nft to earn. But youll definitely earn dust tokens from moving and downloading their app. We cant deny that there is a hype since majority of big markets will list it but that doesnt mean its gonna sustain for long. We will see how it will work in the end if they can really survive a bear market.

Ok thanks for the quick explanation, it is a very good idea, it might be unique but if people are not going to used this app then it won't survived in the long run.

But let's wait if they wtill make it a official crypto and who knows, maybe the hype will be sustainable. However, I will still be cautious with this hype. We are still in the bear market and investors are still reluctant to put their money on any projects, just saying.

It means it's not a recipe for a success, even if the project is unique if there will be no consensus support, it will fail miserably. Or it could be the latest hype, so might enjoy some success early, but what happens if the hype have subsided and investors withdraw their funds and move it to somewhere else? So yes, will be cautious on this one until it is proven that the project can be sustainable and devs are very much active and there is a support from crypto community.

I don't understand why someone will even think of lasting forever, I believe just today the new update for the sweat wallet now allows for staking and earning additional rewards like Gift cards, prize draws including FIFA World Cup tickets, custom NFTs and all these depends on the Number of SWEAT you have to qualify plus up to a 12% of the total sweat you have staked. I think just like many other projects, take advantage of being an early adopter, take your profit, and keep moving. ;)

Many people are mining many tokens through Sweat Coin app, they are already listed in some good exchanges have mined Sweat Coin through the app for the past few years will be able to sell them now Who mine token via app those token unlock over 24 months. Now already huge grow already up from listing price to 900%+ Huge potential this project

Hmmm
let's see how it Last

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the problem is that, they are not allowing people to send to an exchange

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this is interesting

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i guess, that will be a big problem for them, if investors does

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exactly my point

they don't allow people that walk for months, to able to transfer to exchange, and you can only transfer just 10%

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I don't even know the reason why, they are looking the group, no guide, nothing nothing,
sincerely, that's a red flag as you said

[moderator's note: consecutive posts merged]

perfectly said

I found out that cryptodog owns a bag and is trying to shill it going up. I wonder how that account is up as it's clearly being used for market manipulation which is illegal. I guess when someone is subtle enough it doesn't count. Or at least the shiller thinks it doesn't count.

https://twitter.com/TheCryptoDog/status/1570684413696151552

Anyway, i am staying out and even without poor fundamentalk the sole reason could be because cryptodog is in.

Investing is the activity of investing money or capital for the purpose of making profit, Projects like sweatcoin have been created just for people to make profits too fast, I see this as a normal scenario whenever there is hype for new tokens. It won't last long, don't expect too much, So if you don't understand the future of the project you want to invest in, it's a good idea to stop investing and look for another project.

I use sweecoin app to get their coins for free on foot. That's actually a good thing because it can create a healthy community on foot, but I'm sure a lot of people want the coins they earn more than they enjoy working out. whereas sweetcoin distributes only a few coins in a thousand steps.

I have been following this project closely and I am yet to see what the utility is all about. The hype is on, the awareness is quite interesting but what does this coin offer. I just assume it to be amongst those shit coin out there wanting to pump and dump on investors.

Sweatcoin, well, I think it will not last that long.  If people will really get involved in this project, I believe most of them will jus use this to get the coin,  I doubt the majority will invest in this but I am sure that users will just get in for the free money.  And that is where the problem begins.  To much milking and little sustaining, the market will crash.  Just is the law of supply and demand.  If few people are willing to invest or spend money on the coin and lots are just milking the system continuously, I believe the system or market will collapse sooner or later.

Although I don't believe it will stay forever, it is wise to capitalize on the buzz while it is still strong and the price is low before selling it for the maximum possible amount. Be cautious because in a situation like this, where people talk about it and it's constantly in the news, especially on social media, the whales may be using it as a means of promoting another project.

This one?
https://play.google.com/store/apps/details?id=in.sweatco.app&hl=en&gl=US
Well, this is my first time to know about Sweatcoin and the application is already in Google PLaystore and APpstore. That's great, at least, they have been running their application to work. And I see some reviews about this, some are good and some are bad, so this application is still debatable.
However, if this app is really paying and many more people find its effectiveenss and use this app, I think that Sweatcoin may last litle bit longer compared witht he other new prjects. Moroever because they have bee runin their application, thismay lead to have much better utility. But once more, hype coin maybe still a hype coin. nce the hype is over, the coin may be decreased.

I see many people exchanging this currency among themselves for different rates and I feel sorry for them. The currency is not listed on any platform and is not supported by any trusted parties. Everything that drives it is hype.

This project is very important because it promotes itself in smart ways, although it is not the only project that works with the same concept. But all of them cannot be successful projects if we think about them pragmatically, as the concept can only bring benefits to the developers who work on it by selling the application or advertising spaces. There is no productivity for the user to receive profits for it. A very similar example of meme projects.

Any project that only relies on hype usually won't last long because when the hype ends it will usually make the coins or tokens abandoned by investors, if you want to invest in one project then don't just follow the hype but choose a project that already has fundamentals so you don't experience large losses later, invest wisely and always do the analysis first before putting your funds into it.

This hype is not for forever, but the Sweat project is interesting as it is a move-to-earn project, and it is also going to list on big exchanges soon that is the best news. I have also earned some Sweat coins and will hold and wait for the best price.

yep dont think about hype just walk every day and make it fit your body walk and you will earn free coin soon ithink it will be 1usd and its good to buy for me sweat coin now for long term