There’s a lot of hype with Cryptos. Why?

[Sweedy]

 Because most do not know what they’re investing in and would rather listen to the crowd.
The best way to protect yourself is to arm oneself with the necessary skills and knowledge to make an informed investment decision. Investing on fundamentals sets you up for the long term, and most importantly it gives you ease of mind since you’ve made your decision based on your own analysis and stand.

Ask as many questions as possible and seek to find the answers before you invest. Such questions can include:

è What issue does the coin solve?
è Is there any utility to the coin?
è What are the credentials of the team of developers?
è Do they have competitors within the space? And if so, compare their valuations

Also, it’s a great idea to look for reasons you shouldn’t invest. There might be several red flags associated with that particular crypto. Keep asking and finding answers through various sources. Reddit is a good source of information. Once you’ve done your due diligence, you’d have a peace of mind knowing whether it’s worth your money.

[Tory-Tory]

Because most do not know what they’re investing in and would rather listen to the crowd.
The best way to protect yourself is to arm oneself with the necessary skills and knowledge to make an informed investment decision. Investing on fundamentals sets you up for the long term, and most importantly it gives you ease of mind since you’ve made your decision based on your own analysis and stand.

Ask as many questions as possible and seek to find the answers before you invest. Such questions can include:

è What issue does the coin solve?
è Is there any utility to the coin?
è What are the credentials of the team of developers?
è Do they have competitors within the space? And if so, compare their valuations

Also, it’s a great idea to look for reasons you shouldn’t invest. There might be several red flags associated with that particular crypto. Keep asking and finding answers through various sources. Reddit is a good source of information. Once you’ve done your due diligence, you’d have a peace of mind knowing whether it’s worth your money.

98% of people came to the world of crypto-currency, just because their friends said: dude, you can raise money in this market - buy crypto currency and be rich. Then most go to the forum or google and seeks an answer to what it is better to buy, and all this is very sad.

[@prashant]

The main reason is that crypto (mainly BTC) has become a better alternative investment source with much more profit in small time.crypto is getting hype bcz of the huge profit that investor are making and it is anonymous so no person tracking is there.one more reason is bcz of no tax issue while you have to pay for other investment.

[syypro]

Because most do not know what they’re investing in and would rather listen to the crowd.
The best way to protect yourself is to arm oneself with the necessary skills and knowledge to make an informed investment decision. Investing on fundamentals sets you up for the long term, and most importantly it gives you ease of mind since you’ve made your decision based on your own analysis and stand.

Ask as many questions as possible and seek to find the answers before you invest. Such questions can include:

è What issue does the coin solve?
è Is there any utility to the coin?
è What are the credentials of the team of developers?
è Do they have competitors within the space? And if so, compare their valuations

Also, it’s a great idea to look for reasons you shouldn’t invest. There might be several red flags associated with that particular crypto. Keep asking and finding answers through various sources. Reddit is a good source of information. Once you’ve done your due diligence, you’d have a peace of mind knowing whether it’s worth your money.

I fully support your words. I would add from myself, before investing money in the project, I should study it: the idea, the klmandu, the roadmap. And only then to contribute money to it. Although there is no time for this, since it is required to make a decision quickly.

[Jenny111]

Thank you for sharing the experience for everyone. This is very interesting but I think that is only a small part of the evaluation process of a project. And we need to find out more sources of information

[aggress0r]

The most hype was in the end of 2017 I suppose when almost every source of news and information even that has nothing to do with crypto mentioned it in every story. Now the hype has decreased.
Concerning your list of questions - they are quite obvious and even if a challenger manages to answer all of them positive it is no guarantee that he will not go down in flames finally.

[yecats]

Investing here in crypto world  really ricky  and  yes  correct  knowledge is really important. I also suggest  that  you must do some research  about  the  coin you want to invest. Don't  just  look at the popularity of the coin. Double check  the  whitepaper  and  the team as well.

[i7claufe]

Yes, I totally agree with you. We all need that knowledge as our weapons and shields in the market but we can't say that we don't need the Hype for the platforms we are investing too. If people get hyped on a specific token, then we, with full knowledge about that token, know when to enter and to exit that market's HYPE era. This happened a lot in the past year where people are so HYPED and tokens are becoming overvalued, then after the HYPE has gone down. Tokens lose a significant amount to their value.

[Rocktop044]

Since bitcoin in 2011, we have seen cryptocurrency surge in the level of adoption. And also the value has seen significant rises. With the recent bullish trend, most people entered in for the potential financial gain, hence the hype around it now.

[DrYe5]

Since bitcoin in 2011, we have seen cryptocurrency surge in the level of adoption. And also the value has seen significant rises. With the recent bullish trend, most people entered in for the potential financial gain, hence the hype around it now.

Media done the biggest hype last year cause of bitcoin which was growing that fast, nowadays people are just trying their luck and investing in coins with hope that they will be able to earn something in future.

[carter34]

The reason why people invest is because they want to be able to rely on something in the future. They see it as a savings made for the future, so it because investment cum savings rather than locking up money in the bank.

[bennypagulayan]

Since bitcoin in 2011, we have seen cryptocurrency surge in the level of adoption. And also the value has seen significant rises. With the recent bullish trend, most people entered in for the potential financial gain, hence the hype around it now.

Media done the biggest hype last year cause of bitcoin which was growing that fast, nowadays people are just trying their luck and investing in coins with hope that they will be able to earn something in future.

Cryptocurrency is receiving a great deal of investor interest and multi-faceted reviews of financial professionals around the world. That makes Bitcoin and other coins more interested and that is the driving force for the market to grow better each year.

[Cryptoboss255]

Not only on crypto but also on popular products out there,  cryptocurrency can only survive with this hype, let the hype continue.

[grinyaaa]

You are absolutely right!
I would add to the list of tips: you need to study the previous projects of the team of developers. And to analyze how successful it were!
I think that much depends on this

[quanbin27]

Thank you for sharing the experience for everyone. This is very interesting but I think that is only a small part of the evaluation process of a project.
I think that much depends on this

[Athanasios Motok]

Because most do not know what they’re investing in and would rather listen to the crowd.
The best way to protect yourself is to arm oneself with the necessary skills and knowledge to make an informed investment decision. Investing on fundamentals sets you up for the long term, and most importantly it gives you ease of mind since you’ve made your decision based on your own analysis and stand.

Ask as many questions as possible and seek to find the answers before you invest. Such questions can include:

è What issue does the coin solve?
è Is there any utility to the coin?
è What are the credentials of the team of developers?
è Do they have competitors within the space? And if so, compare their valuations

Also, it’s a great idea to look for reasons you shouldn’t invest. There might be several red flags associated with that particular crypto. Keep asking and finding answers through various sources. Reddit is a good source of information. Once you’ve done your due diligence, you’d have a peace of mind knowing whether it’s worth your money.

The hype around bitcoin and the amount of cryptocoins in the first place stems from the fact that many people began to realize that this is a possibility. Bitcoin allows you to increase capital, you can store excess of your money, and you do not need to use offshore companies. Secondly, bitcoin carries blockchain technology, which is unique and has a number of advantages.

[SunJAB]

Since bitcoin in 2011, we have seen cryptocurrency surge in the level of adoption. And also the value has seen significant rises. With the recent bullish trend, most people entered in for the potential financial gain, hence the hype around it now.

The rapid growth of cryptocurrency in the past has shown the public's interest in crypto and hence the demand of investors has made market capitalization grow year by year and grow to today. I believe that with its outstanding advantages cryptocurrency will grow stronger than nwuax in the future.

[mostkey]

Very well in the division of mind that you make, that everyone should be aware in terms of investment requires sufficient knowledge not to start investing hoping to get rich suddenly but not as easy as expected, after the market is not good it will spread panic, most new people affect the pattern thinks others, deeply sense that true hype occurs at the end of the year when Bitcoin reaches a very unusual uniqueness and for now they forget it or can be called just want to achieve it in good condition after bad regard it as a disaster, be aware this is a normal movement that happens every year, the time is still long then cryptocurrency little by little will be very good.

[jefcasidy]

Because most do not know what they’re investing in and would rather listen to the crowd.
The best way to protect yourself is to arm oneself with the necessary skills and knowledge to make an informed investment decision. Investing on fundamentals sets you up for the long term, and most importantly it gives you ease of mind since you’ve made your decision based on your own analysis and stand.

Ask as many questions as possible and seek to find the answers before you invest. Such questions can include:

è What issue does the coin solve?
è Is there any utility to the coin?
è What are the credentials of the team of developers?
è Do they have competitors within the space? And if so, compare their valuations

Also, it’s a great idea to look for reasons you shouldn’t invest. There might be several red flags associated with that particular crypto. Keep asking and finding answers through various sources. Reddit is a good source of information. Once you’ve done your due diligence, you’d have a peace of mind knowing whether it’s worth your money.

I agree with you on that one but also it is good to hear the opinions of good influencers in the space, there might be so hidden issues your research won't review but having the opinion of such great influencers will really be of great help in making your formed decisions,

[Rainbow009]

It's ill-advised to follow the hype or suggestions of some crypto influencer.
Make your own research before investing in anything.
Some hyped might be as a result of project shilling, and probably won't last long.