Altcoins better to chose unitilty above hype.

[jostorres]

One of the major issue is people trust meme to much and this is because they want to get rich quick that is why they are falling victim of most of this coins because most people don't know how this thing works, so most times most of this meme are hype and dumb and that is why when you are going into meme you should be ready for some kind of high level risk,  is just a game of luck so if you lucky then it is actually good. It will be better to even trade other coin than to trade meme coin because trading is just too risky so if you don't have the mind to take risk then it is better for them leave it for those that have the mind to trade.

There people that it works for so if it does not work for you then it is better to just let the whole thing be because trading is a whole lot on its own because when when it comes, trading it takes a lot of things needs to be done before they start trading because before you start trading you need adequate knowledge for you to be able to trade because even if you have the right knowledge even with your analysis you can still lose money.  So when it comes to trading most times it's a game of luck.

The idea that they could get rich very quickly is the biggest problem, they shouldn't be thinking that and for some reason they do, no idea why they do that, and should be something that they should be able to avoid if they possibly could. I think the best way to move forward would be just realizing that you are not going to get money out of memes, and yet some people still think that they can get rich. No idea what made them think that way considering %99 of memes just crash to nothing.

[jossiel]

The idea that they could get rich very quickly is the biggest problem, they shouldn't be thinking that and for some reason they do, no idea why they do that, and should be something that they should be able to avoid if they possibly could. I think the best way to move forward would be just realizing that you are not going to get money out of memes, and yet some people still think that they can get rich. No idea what made them think that way considering %99 of memes just crash to nothing.

I agree. Most of the people personally that I have met, they were talking the possibility that they can earn big and get rich with the altcoins they're randomly investing.

There's no way to stop them but only themselves. And when they're able to see the reality about these altcoins that they think will make them rich without doing research.

They'll feel bad about it and have to move to the next search of it. It's a repetitive action, a cycle that they say that's hard to stop per se.

[Dunamisx]

We have to combine the two together and make our investigation before investing, but we have to also be careful about the hypes especially, because some coins could be well promoted in such manner that we got fascinated to consider it for an investment, even though we don't know the developers behind such projects, as some are being done in this manner with the intention of scamming investors at the end, therefore it calls for more careful observation and research before we could invest and not mainly focus on hypes alone but the utility and the thing behind each memecoins introduced.

[el kaka22]

What we are seeing in most of the crypto world is that people invest based on ranking and not on utility or hype. For example if ETH is second, thats a good altcoin to invest, they do not care about the utility of ETH, and there is really no hype around it neither considering it's already second.

Established coins that have buyers and constant high liquidity and volume is the way to go and that is what people put their money into. There is a reason why theyse are ranked higher than most, and that reason is because people want them more and thats the investment you should make. Utility do not matter if nobody wants it, hype doesn't care if the hype is temproary, but established high rank will always matter over all those other ones.

[Odusko]

We have to combine the two together and make our investigation before investing, but we have to also be careful about the hypes especially, because some coins could be well promoted in such manner that we got fascinated to consider it for an investment, even though we don't know the developers behind such projects, as some are being done in this manner with the intention of scamming investors at the end, therefore it calls for more careful observation and research before we could invest and not mainly focus on hypes alone but the utility and the thing behind each memecoins introduced.

Yep, diversification is very important and as a smart investors and the level of wider opportunities in the cryptocurrency market, alot is expected to be put in place to make out possibilities to stay at profits, if you go by one line like choosing only utility tokens alone as choice of investment one may lose out or struggle to make profits, but once you diversify at least you will make another Chanel for possible profits to cover up your short coming from the other side of things, but we must be very careful to chose the right asset as means of diversity of assets.

[Pandorak]

The idea that they could get rich very quickly is the biggest problem, they shouldn't be thinking that and for some reason they do, no idea why they do that, and should be something that they should be able to avoid if they possibly could. I think the best way to move forward would be just realizing that you are not going to get money out of memes, and yet some people still think that they can get rich. No idea what made them think that way considering %99 of memes just crash to nothing.

As we know, many people suffer from FOMO, seeing others succeed in making huge profits in a relatively short time, with the tokens they bought increasing in value hundreds of times over. This is the main trigger for interest in memecoin trading, even though that person may have lost more than that, but only show their profits and not their losses.

If we look deeper, profits are only obtained by those who bought early on, while those who bought when the market cap was already high often only become exit liquidity.

[PERtua]

We have to combine the two together and make our investigation before investing, but we have to also be careful about the hypes especially, because some coins could be well promoted in such manner that we got fascinated to consider it for an investment, even though we don't know the developers behind such projects, as some are being done in this manner with the intention of scamming investors at the end, therefore it calls for more careful observation and research before we could invest and not mainly focus on hypes alone but the utility and the thing behind each memecoins introduced.

Yep, diversification is very important and as a smart investors and the level of wider opportunities in the cryptocurrency market, alot is expected to be put in place to make out possibilities to stay at profits, if you go by one line like choosing only utility tokens alone as choice of investment one may lose out or struggle to make profits, but once you diversify at least you will make another Chanel for possible profits to cover up your short coming from the other side of things, but we must be very careful to chose the right asset as means of diversity of assets.

I concede that hype may bring about short-term profits though utility must be at the heart of the altcoins selection. Projects that are practically used, actively developed and have open teams are more likely to be successful in the long run. Hype in itself is usually the cause of rapid pumps and hard dumps. Diversification is not stupid, but it should be done with caution. The diversification of investments into sound projects means that the risk is minimized, and the right research can prevent the possibility of getting carried by the temporary market buzz and making wrong investments.