Investing base on hype and social influence.

[IjawMan]

This gives me JOMO (Joy Of Missing Out!). I did use to have to high opinion of Sandbox project at one point of time, I am glad I didn't proceed with investing in it or bothered with project in any other way as in, buying NFTs. Sometimes, laziness also has it's use.

It like missing the bus at the station and then getting angry over it only to know later that the bus had an accident on the way. You will thank yourself for been late. The experience is something that is happening in the digital asset world.

It's always on the investor's decision on what and where to invest; the market is full of hype, shill and FOMO its such a bad decision to invest $400k and now that investment is worth $900, people still fall for the hype and social influence, instead of going on use cases and coins that have proven their worth.
People, because of their desire for quick, large profits, favour this kind of investment; they will only realise how bad their investment is after it quickly loses value.

There are many such cases where people lost their money by investing in useless coins just because they didn't performed the necessary research before investing or they got blindfolded because of greed. If you invest 400k in Bitcoin and price goes down still there is high possibility that price will go up in the long run and investor will get good return on his money. That's not the case with shitcoins because they are driven by hype and once that hype is over there is no chance of their price to go up. 

People can be impatient with their adventures toward making profit and in any presented opportunity of making big profit within a short time they run after it without making time to investigate for any red flags that should be a warning to avoid going into it.

[Balmain]

The truth is that Sandbox had good potential, and people thought it would get even better with great collaborations, which is why they invested in it. I can’t blame them for that. There are much worse projects in the market, and I would say Sandbox’s situation looks almost innocent in comparison. There is an actual product and good deals in place, so we can simply attribute Sandbox’s situation to market conditions.

[Wiwo]

Those scammers knows how to work on the mind of victims unless you are supper intelligent and careful that when you can escape them, but for those that easily believe anything they are told its going to keep happening to them and getting scammed will be more prevalent as l8ng as they keep playing the victims card.

Buying virtual land simply because you see a celebrities marketing or just because you see that the project is being promoted with the pictures of a popular celebrity, this scam have been on for a long time now since the coming of NFTs and other collectable market surge it has breed alot of ground for such scam to happen.

[Localhostspeed]

You remember sandbox project, right? Yes you do. So let me cheer you up a little about one of the stories that revolves with that project.

Is not the first time it happening how people losing their money dew to bad investment that was triggered by hype or influencial statues. Can this nonsense stop?

When the NFT were been sold for ridiculous amounts of money, I thought I'm the weird one because I don't have money but I knew time will tell. I bought some NFT around $58 and I was hoping the demand will come and I will retire and that was how I lost my sweet money. These things were unrelastic, they don't make sense, even the promoters and influencers knew the things they promoted were not making sense but money was pushing everyone for it.

There is one image that was sold to Justin Bieber for thousands of dollars, it's 5 figures there about and now, it's worth not upto $2k the last time I check. This things they did alone might not want to let people have trust in altcoins again. New people don't want to invest in altcoins again because of how these ones turned out. We need to be creative and stop this garbages from damaging the reputation of crypto.

[asriloni]

The truth is that Sandbox had good potential, and people thought it would get even better with great collaborations, which is why they invested in it. I can’t blame them for that. There are much worse projects in the market, and I would say Sandbox’s situation looks almost innocent in comparison. There is an actual product and good deals in place, so we can simply attribute Sandbox’s situation to market conditions.

Sandbox never had good potential. Basically, they offered nothing instead of the hype and promise when Meta was still exploring Metaverse at that time. Sandbox's product is not even better than Roblox, and what they called as gameconomic was totally BS.

You would not be finding usefulness from their token other than used to play garbage game how have worsen gameplay and graphic than 2020s games.

They're getting crowded because of incentive they offer. I've played their game before, and it's a meh. Their game is only full with people farming their tokens, and no more.

Anything related to the metaverse is just BS. That's why Meta was also stopping their research about metaverse because it has no potential.

[MArsland]

The truth is that Sandbox had good potential, and people thought it would get even better with great collaborations, which is why they invested in it. I can’t blame them for that. There are much worse projects in the market, and I would say Sandbox’s situation looks almost innocent in comparison. There is an actual product and good deals in place, so we can simply attribute Sandbox’s situation to market conditions.

The era of the advent of the Metaverse made Sandbox once an ideal position in the market, but again it's about hype, momentum and how we take advantage. Don't get stuck and put all your capital in one project, in the end altcoins come with narratives that have a certain period, such as NFTS, meme coins, RWA, and AI agents.

[WatChe]

People can be impatient with their adventures toward making profit and in any presented opportunity of making big profit within a short time they run after it without making time to investigate for any red flags that should be a warning to avoid going into it.

In crypto market, we always have a wave whose hype is high and people are after it just because of FOMO. Back in 2017, we have ICOs then came NFTs followed by memecoins. All these things have one thing in common that most of the time they gave profit to team behind the project not to people who invested there money. But irony is that people are still not willing to understand this fact and they are still investing in every new wave that came from time to time and result is always the same.

[Johnlomape]

The truth is that Sandbox had good potential, and people thought it would get even better with great collaborations, which is why they invested in it. I can’t blame them for that. There are much worse projects in the market, and I would say Sandbox’s situation looks almost innocent in comparison. There is an actual product and good deals in place, so we can simply attribute Sandbox’s situation to market conditions.

Almost all the NFT projects I knew about then have crashed and they don't have any value again. 
So many investors were deceived about NFT projects of becoming very successful and those that fell for that trap are still trying to heal from their financial loses. Trend has so much impact in the success of a project and it was because of the trend we saw so many NFT projects getting huge investors even after we started seeing so many scam NFT projects that launched and people still invested in them.
This is why I don't joke with trend and I am very careful on what project to invest in when they are tending.

[henmark]

The truth is that Sandbox had good potential, and people thought it would get even better with great collaborations, which is why they invested in it. I can’t blame them for that. There are much worse projects in the market, and I would say Sandbox’s situation looks almost innocent in comparison. There is an actual product and good deals in place, so we can simply attribute Sandbox’s situation to market conditions.

Sandbox never had good potential. Basically, they offered nothing instead of the hype and promise when Meta was still exploring Metaverse at that time. Sandbox's product is not even better than Roblox, and what they called as gameconomic was totally BS.

You would not be finding usefulness from their token other than used to play garbage game how have worsen gameplay and graphic than 2020s games.

They're getting crowded because of incentive they offer. I've played their game before, and it's a meh. Their game is only full with people farming their tokens, and no more.

Anything related to the metaverse is just BS. That's why Meta was also stopping their research about metaverse because it has no potential.

I mean they are not that useless at all like a typical/shit meme coin. They have their main feature or their Metaverse/NFT game. I won't deny the hype since they are new but they are among those top projects before. I think they are only a victim here. And if we think about it, even other good projects on same category have declined too. The problem must not be really about them but it was the niche they are running on. Sandbox and Roblox may seem identical but the other is still different. I think Roblox also came in earlier than it, so they already done a lot of improvements. The token is supported by many platforms, especially by the time was still hot. So basically you can trade, invest, or even use it as a medium for gambling, and others..

Sandbox is play to earn, so what do we expect? People obviously expects an incentive or they will farm their way to riches.

[HajiBagi]

People won't  learn instead of them to stop following projects that are hyped the issue is they see it has an opportunity to make money and that is why most project are hyped the next thing will collapse and that is why it best you invest in things that are more familiar with, all this social influence will only cost you. So this is more reason why choosing what we buy all in the name of Investment we should be very careful. So that at the end of the day it won't be like we are wasting our money. If you don't get a return then to me it's a waste of money.

I don't know if i am the only one that don't like any project that people hype, I have seen many project that was hype and in the end they did not go well and people lose their money, i will not invest in a project because of a celebrity or one of my favorite person, because the person did not know me or he was not the one to pay for my lose when the project did not end well, people don't understand that it is not every project that people hype is a good project, although there are few that turn out to be good project and they only take time to become like other over hype project, what i am trying to say is that there are project that deserve to be hype but no one should invest in a project because of the hype without comfirming how the project with those who know better about it.

[Doan9269]

That rubbish can never stop. People believe more in who is marketing a project over what the project actually represents; they see trends as what can easily give them profit than a project that is silently building but is spending less on marketing. This same shit happened during the NFT hype; many bought art for millions of dollars, which they can’t even sell for a few hundred now.

This is why the project developers will also targeted using influencers to captivate the attention of potential investors, and as to our own side, you have to be more careful and things Matt and not only by what we see, this influencers are being paid to promote what the developers are introducing without considering if it is worth going for or not.

Make your personal research and try as much as possible to ensure that you find the give you the right indication to go ahead before risking yourself to invest up on any projects advertise online, also take drastic measures in order to prevent you from massive loss, because anything is prone to happen after your investment on any online project in cryptocurrency and you will be left alone to bear the consequence.