Be careful with the hype

[Nazmul012]

Hype is created so that it could attract people! Its true that newbies are get victim most but there are also some people who know well about the trap but they thought they'll sell their hype coin before crush and that's why they invest on those, and sometimes they gain profit too but thats Should be extremely avoided. developers repeating those chain cause they are scammers & those are included in their business policy

[tippytoes]

We have had several hyped coins and token lately and many have been a victim of hyped projects that ended up crashing in not long after attaining a very little profit margin. Been extremely careful with how we go about our analysis will help save a lot. Just wondering why developers would come up with nice projects only to crash after a short while keeping investors in losses.

Come up with "nice project"? Have you seen any of those and read the whitepaper (most of them don't even have a whitepaper probably). They are shit project and people know it. Yet they still invest because they hope they can take the advantage of the pump and get rich over night. But the developers are more cunning and they dump it before anyone can take any profit. Look at those projects. They either are impossible to achieve or are just some random project that has nothing new to offer. Just invest your money in coins that has good reputation and hold them!

The recent hyped up project that crashed is the squid game token - https://www.coindesk.com/markets/2021/11/01/squid-game-token-crashes-developers-say-theyve-left-the-project/. I have the feeling that a lot were screwed by this latest abandonment of the project. This is the reason why you should really be careful in investing in hype. I consider SHIB as one of them, as they have no strong use case in the market. The price pump is mostly driven by shilling of those holders and whales holding this token. So for me, one should really be careful in touching this kind of platform. You have no assurance about the longevity of their lifespan. Yes, the possible earning of good profit is always there, but you should know when to exit if you are a holder.

[Vaculin]

We have had several hyped coins and token lately and many have been a victim of hyped projects that ended up crashing in not long after attaining a very little profit margin. Been extremely careful with how we go about our analysis will help save a lot.

It isn't like all of the victims had been careless at the time they invest in new tokens. There are some people around me who tried to gamble its luck by riding the hype in order to get some profits even just a little, basically, those are aware of the risk or the worst scenario later.

Nevertheless, this kind of warning could be very helpful for the people who are couldn't afford to lose while investing in cryptocurrencies.

Just wondering why developers would come up with nice projects only to crash after a short while keeping investors in losses.

Obviously, to rob community funds under the name of cryptocurrency for their own wealth, those bad developers take advantage of the current situation since it has been much talking about.

We don't need to become a fool because someone makes a good-looking and promising project, and invest without any further research like we are just throwing our money knowing how risky and tricky is the market. It should be done carefully and ask some proof might be necessary if we wanted but these scammers will never do as this could lead to finding their evil plan.

Investing coins in hypes wasn't totally wrong but it matters to what coin or project that you have invested in coz in many cases, we got caught with the trap and this is usually happens to the newbies.

[lalabotax]

It has been advised and noticed from many years ago. Hype coins don't only happen this year but also previously.
We may think that a hype coin is very worthy because it can really give high profits very short time.
It may be true. In fact, many people really get multiple profits of much money from these hype coins.
But, we also consider how many people lose their money because of hype coins?
So many people. So much much money is lost in this hype coin.
That is why we must be careful, because if we really don't know about the cycle of the pump and dump from the hype coins, we may lose our money so easily

[DarkDays]

Hype is created so that it could attract people!

Hype is of course important when real to back up a good project - real hype means a w3l executed marketing strategy. As with many things of course there are a lot of project that generate that short-term, fake hype only to grab people and tbh these are becoming common so it is only a matter of avoiding them. Shit hype is everywhere and its widespread
 can't be eliminated. All we can do is make people aware

[V-t.Ester]

The most frequent reason why coins/tokens scam is unfair developers from the very beginning. (They create the scam, gather easy money on the hype and vanished, like it was with Squid and Floki a short time ago.) However, sometimes developers make a good project, have great advertising campaign but in one moment something is going wrong, and developers have to close the project, like it was with TON (telegram open network campaign) several years ago. This project was very perspective but suddenly banned by American officials, so all the investors in Gram have lost their money (only some of them partly have got money back).

[2double0]

Been extremely careful with how we go about our analysis will help save a lot.

A trader cannot save himself if he is greedy, he cannot save himself if he is not a trader but gambler.

Just wondering why developers would come up with nice projects only to crash after a short while keeping investors in losses.

Because they like to scam these investors who are addicted to getting scammed for whatever money as such investors are greedy and will try to chip in very fast, thinking that they will be millionaires. Meanwhile, some early investors also dump on good projects all for money, which would have done better if they were still up. For 'money is everything' type investors, they don't think of the consequences they may face when they will get dumped over.

[nurilham]

Coins will continue to grow in the crypto market and they will compete in the market. if a coin that only relies on hype then it is certain that it will not last long in the crypto market. therefore we have to be more careful in choosing the coins and our job is to choose the coins that are really good and reliable, don't just follow the hype because it's too risky. In fact, incidents like this have often happened and many people have lost money in it, so it is important to increase our knowledge so that we are not easily influenced and can choose coins correctly in the market.

[eaLiTy]

~
Been extremely careful with how we go about our analysis will help save a lot. Just wondering why developers would come up with nice projects only to crash after a short while keeping investors in losses.

It is extremely difficult to understand whether the project would fulfill what they started out or they run with your money and in most cases they will not deliver and if you are an investors you usually jump during the initial phase if you are looking for a big profit and that is the risk you are taking, if not you can wait till the project delivers something credible and then invest in them, you might not get the benefit like investing in a successful project but still it is a safe bet.

[Kasabus]

I try and stay away from ICOs. Make sure that the team is well developed, they have a supportive community, good marketing strategies in place, and so on.

ICOs are not all bad, even in ICOs it also has what you want like a growing team, a big community,
good marketing and also a very logical roadmap structure in it, so not everything looks bad.

ICO's have been very profitable way back then but when scamming has been rampant and all we have in the market are mostly scam projects, that's the time where most of the investors have lost hope because the projects are mostly have no good developments the team behind are not even existing in real life. So that makes ICO's lost their credibility as its becoming a home for scammers and fraudulence. Gone are those days that people are treating ICO's as the most profitable in the crypto market.

[Luqman]

Naturally, we all know that the hype won't last a long time. So, every hype project or hype token must have its end. The real example is Dogecoin, the hype is over already. Now, people move to the hype of SHIB token. We must be careful with the hype coins, don't be late to exit if we already have some of those hype coins.

[harizen]

We have had several hyped coins and token lately and many have been a victim of hyped projects that ended up crashing in not long after attaining a very little profit margin. Been extremely careful with how we go about our analysis will help save a lot. Just wondering why developers would come up with nice projects only to crash after a short while keeping investors in losses.

As always, be cautious about any hyped coins and tokens.

But honestly, people don't have to completely stay away at those, unless especially the coin is a total sh*t. If played right, we can also join the party there and take advantage of the possible profit we can take there. The fact that it's hype means most traders are there so just take advantage of it.

If by any means that a person isn't used to taking that risk, better just refrain from joining from the hype and just do it once they are now ready.

[AhmadM]

~snip~

We don't need to become a fool because someone makes a good-looking and promising project, and invest without any further research like we are just throwing our money knowing how risky and tricky is the market. It should be done carefully and ask some proof might be necessary if we wanted but these scammers will never do as this could lead to finding their evil plan.

What kind of proof did you mean? If it was something related to KYC identification from the teams project then I guess so, since nowadays most of the new projects preferred to remain pseudonym. On the other side, I think we could rely upon this matter through third-party sites like market cap, audit services or etc (though it couldn't be 100% trusted).

[RussianEnglishTranslation]

We have had several hyped coins and token lately and many have been a victim of hyped projects that ended up crashing in not long after attaining a very little profit margin. Been extremely careful with how we go about our analysis will help save a lot. Just wondering why developers would come up with nice projects only to crash after a short while keeping investors in losses.

There are a lot of reasons why projects fail:
They are money making scams from the start
The devs did not value the importance of marketing
The market does not like the project or team
The project has no real world utility

Due to these facts, I have focused my portfolio on the following projects:

REF
Boo
CAKE
FTM
NEAR
Aloha
Yape

[gwdf1]

When bull run is on, the majority of coins are likely to grow. After Bitcoin has rose a lot, we see that now it is an altcoin season so many altcoins pump. Especially those that are connected with metaverse and NFTs. We should be careful and diversify, so we can invest part of our capital in some gambling coins so as to have qucik profit because of hype, the main thing is not to come across a scam.

[pawanjain]

It's obvious, just to make money. They don't care if their token has a utility or not because all they want is to grab some cash.
This is why they say, always DYOR before you invest your money in anything.

The recent rug pull of Squidcoin is another big warning that we should always believe in the hype, always check the project what's bringing to the community and whoa re the people running it and are they capable of doing or following what's on their roadmap, many of these hype coins have anonymous developers and this is a big warning to all of us.

We should not always believe in the hype because the hype can be manipulated but we should believe in the project and it's potential.
Anonymous developers are not a problem but are they capable to fulfill their commitment is the key to potential of the project.
We should keep monitoring the project and it's statistics. Only then we can find out if it is worth investing in the project.

[Farma]

some of the things that are currently hype are NFT games, and also Meme coin. some NFT games and Meme coin have shown adverse developments or rug pulls.
many projects are left alone, and the price is a dump. one of the coins that became a scam was Squid Game. I heard a lot of rumors about it. however, even though there's a lot of hype right now due to the push of high-priced bitcoin or high-pump doge. however, we need to be careful and prioritize research over looking at the success of others on a particular coin.

[martina14]

We have had several hyped coins and token lately and many have been a victim of hyped projects that ended up crashing in not long after attaining a very little profit margin. Been extremely careful with how we go about our analysis will help save a lot. Just wondering why developers would come up with nice projects only to crash after a short while keeping investors in losses.

This was the reality zone cycle of the cryptocurrency, and I think we cannot remove this word of "HYPE" it will only be a part of the
marketing strategy to catch the attention of the community here in crypto space. That is why we always need to be careful and wise to invest
our capital into a coins here. Or else we may become a victim of the rug full were most of the time happened here in this field of industry.

[leea-1334]

We should keep monitoring the project and it's statistics. Only then we can find out if it is worth investing in the project.

What statistics though? Bitcoin statistics did not show anything in early first few months.

Nothing beats involvement in the project on your own level, to see if there are people hyping or people using. For me,,, I learn that if the project only has 10 people but 9 are extremely passionate,,, building and using and experimenting, this is better for the future than a room with 10,000 people but not a SINGLE one is working on building/using. Guess which has "high" statistics?

[Questat]

That should always be a thing to do or else, we face the consequences of losing too quickly. We are not dumb to do that of course, but can't just stop others to fill some space and riding on the hypes or getting in FOMO for they think this could make them rich instantly. I can't be wrong as mostly just fail.
Even in Bitcoin, we also have to be careful with that trend as traps might be set up by whales. Yes, that is likely possible and we should think that first before buying or that you like to put at risk.