Why so much hype on crypto

[blockman]

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.

Also there are huge risks, you can suddenly get rich and just as suddenly lose everything. That such did not happen you must to study crypto constantly and aspire to be better.

That's the risk if you don't know what you are investing. You're going to gamble your life savings for something that you don't know?

It's okay to be rich, there's nothing bad with that as long as you are following the process but if most of the time you are only thinking about shortcuts.

You'll be ending bad.

[Alat2233]

This is new and interesting money, an experiment for the world economy and digital money, the opportunity to profit from investment

[Awoben]

This is not hype, its gradually getting real than ever, the way internet took the world by storm, so is cryptocurrency right now. You just need to know your onions, know what you are investing in, do thorough research before investing, there is alot of money to be made if you really have the knowledge.

[andthereyou]

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.

After the prices falling those people were complaining in telegram groups of the projects they had invested.

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.

That's why the best thing to do is to invest only your extra money.

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.

Researching the project you are going to invest is the correct way to do before putting any money in the project.

[echodike]

There is hype in crypto because it is a global market where anyone can enter and make an investment and have a huge profit, or take a huge loss, there has never been anything like this before, so i believe that's why it is getting this hype.

[maldini]

the hype is only for the fools, they are all beginners, they are fooled. those who build the hype just seek to profit from their foolishness by cheating, and those who are fooled into thinking will feel benefited from the hype. they need awareness

[makerst]

The thing is that very few people are still investing specifically in the crypto-currency market, so those who find out about this are beginning to tell their friends and so on. Investing brings money, but only in rare cases and only to those who really understand what's wrong.

[The Goat Master]

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.

Those are true. But there differences between the soures of money came to crypto. Some are smart money following bot way beneficial projects, some are coming and going for just its ofwn benefits, some are like you said.

[iamlds08]

because there are many self made millionaires in crypto world that is why the fools fool the fools to a quick rich scheme where the fools believe the fools that they will be like their idols. to sum it up because of greed.

[trumper]

There is hype in everything but lots of people want to continue the hype in the crypto because they can make money from the hype and they are unfortunately not the minority.

[vorseb]

Some people are too coward to take risks and some people are too careless to jump in because of listen to crowd. Both of them aren't good, so I will take the middle way. Brave enough and be careful, that was the best choice.

[Aleshia696]

Before coming to Crypto-space, they must know the terms to be a success. Be cautious about the risks you may face. Be enlightened with the knowledge you must acquire to understand, face, negotiate and cope up with this world. Thus you may shine and rise with all your potential abilities. Not to flow in the air of flatteries or other falses.

[VogueaNON]

yes I understand your point, I can't disagree with the fact that hype has a huge impact on this market and I think this kinds of problems are becoming very normal these days on online trading sites but the authority of cryptocurrency are trying their best to slove this issues hopefully they will find a solution very soon

[brotherwood12]

because this cryptoworld are new , so people just hype with this and do invest , this give opportunity because it will come future payment on this world

[CryptoTrip]

I don't think that now there's a large hype around crypto. Last year, people began to learn that someone had made a profit in the tens, and some hundreds of times. Everybody wants to get money quickly. They entered the crypto and hoped to receive thousands of percent of profits, but they were simply cut. Now such stormy interest has greatly diminished and people are wary of approaching to the process

[ivlvov]

First of all, because here is the money to spin. Big money. And where they are, there are always a lot of those who want to make it rich. I think from here hype. And as many people are interested because the industry cryptocurrency is the newest and it uses the latest technologies that used to be. have not been used anywhere.

[elpsycongro]

So much hype around crypto is because whales got many crypto at low prices and now they can make money selling them to newcommers...But blockchain tech is really good also and this will be future

[cryptocooper57]

people are taking about crypto hype but I don't know if they really have personal experience about it or not cause I still didn't get any confirmation from the valid sources and even no news were published based on this topic, it is a very systemic place and the athourity provides best security so if something like this is actually happening then it is really unfortunate

[Bittalk12]

Crypto crash or correction is very usual specially if there will be a hype on a specific altcoin. There actually are a lot of factors and reasons why they will be on hype and went up a price surprisingly like newly listed to a trading platform, strong partnerships, coin swap, airdrops and many more. These factors were being always used by most investors and it actually is one of the most profitable way. That is going with the flow or the crowd. The result? FOMO

[hermanjones18]

Still cryptocurrency is a complicated for newbie and frauds are spreads here . Many newbie invest on crypto world without having enough knowledge about the project and in the end sometimes the lost their wallets.