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Author Topic: What is more important Hype or Utility?  (Read 166 times)
TelolettOm
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October 26, 2021, 10:12:48 PM
 #21

If you are a trader or investor, what is important to you in choosing token or coins to invest, coins depends on hype or coins with utility?
If it is about the investment I will choose the utility and fundamentals of the coins.
But if it is for a short-taking profit, we can also get hype coins. But this is very risky. And if we are careless or left behind, we may lose our money because of these hype coins.
So far, we know how hype coins have got newbies to lose their money because they only buy coins when in the hype, at the top price. Hype coin is very risky because it can drop very much so easily.
It is different with the coins that have good fundamentals, utility, and also real use cases, They will last longer commonly.

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October 26, 2021, 10:55:22 PM
 #22

If you are a trader or investor, what is important to you in choosing token or coins to invest, coins depends on hype or coins with utility?
It seems a very complicated question because every one of us has a different opinion.  IMO, what's the purpose that you have invested or you are a trader?  What is the reason why you're here in this field, one simple answer is because of "Profit".  So they will never care about the project, once it's hyped they usually ride the trend until one day they will realize it needs to abandon the ship.

If you know that hyped coins can gain profit in a short period of time, people will usually choose hype coin but if you want to invest for a long-term purpose which is also the profit will take a long time of waiting, utility coin is the best for you.  But IMO, for safe and less risk, I would go with the utility coin like Bitcoin and hold it for the long run.

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October 26, 2021, 11:08:06 PM
 #23

If you are a trader or investor, what is important to you in choosing token or coins to invest, coins depends on hype or coins with utility?
It seems a very complicated question because every one of us has a different opinion.  IMO, what's the purpose that you have invested or you are a trader?  What is the reason why you're here in this field, one simple answer is because of "Profit".  So they will never care about the project, once it's hyped they usually ride the trend until one day they will realize it needs to abandon the ship.

If you know that hyped coins can gain profit in a short period of time, people will usually choose hype coin but if you want to invest for a long-term purpose which is also the profit will take a long time of waiting, utility coin is the best for you.  But IMO, for safe and less risk, I would go with the utility coin like Bitcoin and hold it for the long run.
Traders should be smart enough if they want to trade for long term or just for short term. If they want immediate profits, they can stick coins that are always in hyped and make advantage of them. But once the hype is over, the coins will drop its price again. So there is more risk compared to long term trading. Some traders are definitely more on its utility case even if there is a long waiting game for the price to rise up. Yes, it may be less risk and more safe, but it will also take long for you to take the profits. That is why some smart traders prefer to have them both, its utility and hype. Because if you really know what you are doing, then you will know when to take advantage when there is hype and when to patiently wait for the profits you wish to have.

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October 26, 2021, 11:38:01 PM
 #24

Of course utility is more important than just HYPE, HYPE is only for the short term and people are interested only because HYIP is not because of the product, HYIP is only temporary, while utility is attached to the product and the perceived benefits of the product that can make people interested in using it , it is more stable and can last a long time.

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October 26, 2021, 11:47:29 PM
 #25

Just as you said, coins with utility are good for long-term while hyped coins are for short-term. When trading, I look out for coins with good hype and popularity when looking for quick gain. Once profit is made, I pull out and join the next hype.
However, it's only smart to invest in both as you can be sure to to fall back to something (coins with utility)

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October 27, 2021, 12:01:26 AM
 #26

There's a thousands of coins and tokens in crypto market. We can see the pump and dump of every tokens or coins in the market. People usually look on the use case of a tokens or coins before they invest but not all. Other's doesn't care about the utility of a certain coins instead they are after the profit they can get during the pump of a token or coins.

If you are a trader or investor, what is important to you in choosing token or coins to invest, coins depends on hype or coins with utility?

I think both have the same impact in determining whether a project will be successful or not. utility makes a project hype . and the hype of a project is a good sign that a project will be successful. it's useless if a project is created and designed as useful as possible but there is no hype from crypto users.
such as meme coin example. in utility they don't have anything that really makes an impact. but because of the hype and viral can be very successful .
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October 27, 2021, 12:12:04 AM
 #27

If OP is looking at the problem based on Hype or Utility then I think you need to be more flexible in how you think about it. The influencing factors to stimulate the project are all ideal for that project, but in essence, the developer creates the product and attracts interested people, so I think Hype or Utility is not so important because of the purpose development purpose.
However, the cryptocurrency space has a lot more than just reaching people, so always be equipped with knowledge in the market and then apply it in practice to feel your point of view.  This area needs user experience, not just thoughts without concrete actions.









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October 27, 2021, 02:02:03 AM
 #28

If you are a trader or investor, what is important to you in choosing token or coins to invest, coins depends on hype or coins with utility?

Hype can push the price of the coin whenever they want, the community members of the coin will help the project and make a shill so that it is trending on social media and some investors are interested in investing in the coin.
Utility tokens are usually for funding new projects, if the developer has a project with good fundamentals then lots of people will want it, both look good but still all investments require research and I prefer coins that have a real product, with good community members, price will increase organically

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October 27, 2021, 02:21:18 AM
 #29

If you are a trader or investor, what is important to you in choosing token or coins to invest, coins depends on hype or coins with utility?
Both is essential in order to gain more profit. The utility is necessary because thats how you can determine if the project is for long term and sustainable due to its use case.

However in order for this particular coin to become profitable, there should be hype that can create impact for it to become popular so investors will consider to invest.

On the other side, the coin that has no utility and relying alone in hype is risky and only profitable if you happen to join at an early stage then sell during ath.

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