Be careful with the hype

[Mpamaegbu]

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

I like what launchpads do with projects listed through IDOs and how they stretch the distribution phases even after restricting the allotments per tier. Some even spread distribution to as long as seven months. That way, projects hardly dump beyond 20% on first day of distribution before they begin to spike. That's one of the factors that wreck new projects, and that's what happens with ICOs. Most times, developers don't plan to end their projects prematurely. But these things happen when they don't have control of whales dumping their shares on the market. If only developers can cease going through ICOs or direct listing, I believe it will help curb crashes of many projects. Early private investors who get tokens cheap easily dump once the tokens are listed in the public market. And that can easily cause tokens to die prematurely.

[bamb]

I think a project with uses do not need much hype as the value of such coin will speak for itself! In cryptocurrency, some people do not believe there could be progress without hyping a project on social media. There might be nothing wrong in painting a project in good light. What is wrong however is misinformation that is misleading

[jaberwock]

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.

Not just in the times of bullish run, being careful always in this crypto space will help anyone to stay safer when looking for new opportunities to increase their networth. I am always going with reputed coins which get me decent profits at minimum risks. But, I do see people go for new coins to make 10x or more profits in quick time but they may get what they look for only 5% of time and in all other attempts they may fail and lose their bitcoins.

I am always looking for investing my bitcoins to get returns in bitcoin as well. There will be no point of profiting in USD value when coins' bitcoin value remains same or getting lower when bitcoin price increases.

[matjas]

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 has been a massive problem since 2017 ICO hype. The problem is greed is stronger than common sense and there will always be scammers who are looking to earn a quick buck.
Right now meme coins are cancer to crypto universe and they will eventually probably lead to another crash.

[Bollexz1]

Some developers come to the game as disguise and never interested in building their community nor the project itself. All they're after is making million of bucks out of their project set up, that's why you see some of them run away with investors money.

[zayika570]

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.

Now cryptocurrency market raise and a lot of people invest in crypto assets. But a lot of depend how active the project is developing or what have already been done. It is necessary to carefully check the new and development of the project like this https://twitter.com/edainsw/status/1456607218854416387

[Valak]

It's true, the hype phenomenon in the crypto world is currently happening, such as the example of shit coins that are growing very much.. Almost every day there are new tokens created in crypto.. But if it's just hype, it will be very risk to investors

[FanEagle]

It's true, the hype phenomenon in the crypto world is currently happening, such as the example of shit coins that are growing very much.. Almost every day there are new tokens created in crypto.. But if it's just hype, it will be very risk to investors

This must be another consequence of all the bull run in this crypto space and individual investors cannot do anything about that because being selective after strong due diligence while investing is falling within the category of our basic responsibility. So, smart trader never bother about such type of hypes but they will focus only on their research to find out a highly potential coin to invest with.

At the same time I am always worrying about the newbie investors because they are highly vulnerable to fall into such a trap. Most of the time devs are targeting on newbie investors because they are the only viable investors for them to easily convince to invest into shit coins.

When investors are following diversification principle very strongly then they will get chances to escape from hyped coins because they might be investing only very little money and not all their money into one single coin.

[matchi2011]

It's true, the hype phenomenon in the crypto world is currently happening, such as the example of shit coins that are growing very much.. Almost every day there are new tokens created in crypto.. But if it's just hype, it will be very risk to investors

As investor, you need not to follow the hype if you don't know how to ride well. Only those who understand
and capable of handling the risk are the people who may compensate for this movement. It's best to engage
yourself in learning more knowledge before you conclude and take part with project that experienced hype.
that way you will lessen the chance of losing your investment.

[noorman0]

They're not really good (close to shit). They just go with the mainstream and take a chance. You can see for yourself that the hype this time is inviting a lot of newcomers (I think 3x more hype than 2017) because a lot of influencers and celebrities are involved. Of course they do not have sufficient knowledge and lack of research on legitimate and potential projects.

In addition, aggregator sites that are widely used as references for beginners (such as CMC) have lowered their audit standards to list new projects. If you look at this page, they list more shittokens and their clones every day.

"No hype delivers more than hope"  

[magneto]

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 is a strong signal that the altcoin market is nearing its top.

When you have people that are willing to put millions of dollars into an obvious scam Squid Game token which doesn't even let you cash out any profits along the way, you know that there is likely something wrong fundamentally with the market.

I'm bullish long term on the large market cap projects like ETH but I would stay away from the 'penny cryptos' of 2021.

[Wahyuihib]

Yes. It is like that if a new trend appears and will cause the old trend to be abandoned and make it worthless. by early 2021 all technologies use the DeFI system. Now at the end of 2021, game-based projects are getting more attention from the community. whoever moves first in the emergence of a new trend will benefit, before the change of a new trend that just comes

[pawanjain]

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?

By statistics I mean how good the coin is, it's utility, it's demand and how well is it doing in the current market.
Bitcoin was the first cryptocurrency hence it was inevitable to compare it's statistics with any other similar asset.But that's not the case these days.
Since there are many other cryptocurrencies we can easily compare a new coin/token with other cryptocurrencies to find out how well it is doing in the current market.

[Ozero]

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 has been a massive problem since 2017 ICO hype. The problem is greed is stronger than common sense and there will always be scammers who are looking to earn a quick buck.
Right now meme coins are cancer to crypto universe and they will eventually probably lead to another crash.

It’s quite real. Meme coins shouldn't be pumping that much. Tens of billions of dollars are invested in them, and this is very dangerous for the market. The excitement will end and those who are the first to realize that they are holding dummies and throw away a significant amount of such coins for sale will trigger a further domino fall. If such a fall begins, it will no longer be possible to stop it.
I prefer to invest in reliable coins and not have constant fear for the safety of my investments.

[Fesatmas]

Yes. It is like that if a new trend appears and will cause the old trend to be abandoned and make it worthless. by early 2021 all technologies use the DeFI system. Now at the end of 2021, game-based projects are getting more attention from the community. whoever moves first in the emergence of a new trend will benefit, before the change of a new trend that just comes

Is that how it should be? but that doesn't mean that we are carried away by the current trend in a state that we don't understand properly what we are following according to technological developments? trends are trends that only have certain seasons. With a spat like that, the resistance of the value will decrease when other new breakthroughs come. In crypto this is not the case. For example Bitcoin, even without a trend it will still have its own charm because of its uniqueness.

[isaac_clarke22]

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.

Well what can be do anyway regardless?
People would still join the hype for the purpose of quick profit. Remember the "squid game" token or whatever it was truly called? I recall that they went for their exit scam and now Binance, I believe, is now hunting for those scammers. Random investor wouldn't really care that much, if they were referred by someone for quick buck.
Source: https://markets.businessinsider.com/news/currencies/binance-squid-game-crypto-token-scammers-cz-tracking-down-2021-11

[SirLancelot]

HYPE is good for promising altcoins but can't say same thing for the shitcoin projects. There are several Squid or BabyDoge altcoin projects that pumped by hyped traders. Such mentioned altcoins shouldn't be traded before checking team members who ready to scam your last money.

Yeah, in my opinion a real potential coin never needs any kind of artificial induced hype. Only those devs who are not believing in to their actual work, going for fake promotions by inducing hype. Pump and dump must be one of the tactics used by such devs. This is the reason we must take more time for doing due diligence before investing with altcoins.

When we are investing only with bitcoins and few other altcoins like etehreum and BNB then we never need to bother about what kind of hype is going on in altcoin industry because we are already staying within safer environment.

[DoublerHunter]

HYPE is good for promising altcoins but can't say same thing for the shitcoin projects. There are several Squid or BabyDoge altcoin projects that pumped by hyped traders. Such mentioned altcoins shouldn't be traded before checking team members who ready to scam your last money.

^ I don't think it is a good and promising project when you encounter a hype coin.
Most of them are hype because of the traders not just because of their real use, it is very risky to invest and one day you will find out that the price has a sudden decrease of the price. We should be careful with the hype because anytime soon your capital will become down to maybe 50-80% if you don't know how to monitor it. I will rather stick on the coin that has a high volume in the CMC because I know they had an organic growth not just because of the hype. At the end, research and checking the whole team and should be the usage on it is very important to remain in a hype.

[Rengga Jati]

HYPE is good for promising altcoins but can't say same thing for the shitcoin projects.

Unfortunately, the hype is commonly happened at the beginning, in which we cannot exactly define that the project is actually promising or not. because right now, many projects are wrapped in very promising and interesting concepts, but in fact, they are zonk after that. And only utilize the hype to get a pump and dump price.

However, if this is for newbies or beginners (moreover who don't know exactly this crypto industry), the hype is very risky for them. Many can lose their money because they are buying the hype coin when the price is pumped and then they got into the trap because after that, the price keeps falling.

[dimox]

hype need to improve people experience, they will get something new after having fun with that shit. hype need to growing for main or side coin, it have good deal for people who can find where the profit come from.
and thats true, if people loss their fund cause of hype, but the experienced one know where they land. hype will be one of big profit for them.