Too Much Hype destroys future of coins?

[Mella 3680]

I am in agree with you and this is the problem many time with the coins that are only hype, I am see the past days many new coins that they were very hyped and then they were drop in price for a lot of many weeks like the Yfi.

[Dorjoy12 8962]

On 10/20/2020 at 5:29 AM, Cryptic said:

The lesson is the business should always have improvement.

@Cryptic and this strategy mostly time use in crypto project because whenever new coin project launched the project team work hard to improve the project by launch airdrop, bounty and different giveaways though the project success depends on the project team roadmap and planning.. But its really hard to make a project success now..                  

[yonkii 3205]

I am sure that only hype will not help any coin for the future and it is only for a very short limited amount of time that it can help the price and not for the long term. We must avoid investing during times of hype and we should buy rationally and be investors that have done our own research and not bought under heavy marketing.

[ramonn22 731]

Dear friends and colleagues of this great forum, I believe that making cryptocurrencies known to all people would be much better because surely many would be interested in this technology that cryptocurrencies provide
good luck and big winnings
a big greeting

[duncun007 3577]

On 10/12/2020 at 11:35 PM, kryptonick said:

Yes this is bad. Hype is something created to artificially pump the price and usually it is lies and fake news so I'm not interested in this. A latest example of hype was Chainlink that was all good news spreading every week about new partnerships and some lies too that I've read. It send this coin to $20 as even the Winklevoss were talking about it. And it dropped 60% days later. I see this coin has no chance anymore and only traders buying dips and selling higher sustain it.

well the thing about hype is that, its actually good when the coin is legit because you will help others invest in it and make money, because hype actually helps with growing the price, but its bad when used to hype scam coins. or coins at the top of their cycle.

[Flying11Horse 45]

41 minutes ago, duncun007 said:

well the thing about hype is that, its actually good when the coin is legit because you will help others invest in it and make money, because hype actually helps with growing the price, but its bad when used to hype scam coins. or coins at the top of their cycle.

Correct my friend. Now a days almost all coins are hyped,no matter they are legit or scam.Most of the people see it's popularity and register to that airdrop and follow their accounts on Facebook Twitter or join their telegram channel.But most of the time after their distribution the value of most  t coin drops and eventually becomes zero.So Keep your self away from this kind of airdrop.

[pxZ 42]

The Thing about the hype is allways if the team/project after dont deliver to that "hype" like look at verge for example 2 years ago with their "global partner, world leader and in the end it was porn, yea still not bad but still for how they announced that hype they should have had smth like alibaba or even amazon as partner tbh, so they didnt deliverd do that expectations and the coin droppd to hell and yea

[Cryptomint 433]

Yes this is only the reason. Therefore many of new projects touch the ground at starting time. And therefore many are dead coins.

[Syedbesharat 5423]

On 10/14/2019 at 5:37 PM, wasabiaki said:

Hype sometimes help the coins , to attract investors , this is by the help of the managers and sales force , they make people crazy to have lots of parts of the ico or sale , but to much of this will also one of the reasons why it falls down, because if they will not reach the investors expectations they will left the project and lost support from the people, resulting to a deadcoin at the end

what do you think?

It's true when any new project get too much hype people expect something big from the project. What I experience the hype always destroy the project you can see the King how face the hard time because of hype of 2017.later the price fall like a paper plan. So stay away from hyping project make plan.And follow up own plan because the rumours are always comes out fake inthe end. 

[Guru2050 8284]

Hype do boost the earning capacity of investors and other categories of crypto users further more it assist in breaking tight competition at market securing good future price for the coin, though it may has it own negative effects on the coin if it's over iniated just as you said

[Barbarellah 2225]

I agree with you and that is the reason why I always indicate that before participating in a project we must be well documented about the matter since a future project will always have good foundations by presenting its white paper, a roadmap where we can see that the proposed objectives have been met on the stipulated dates, also knowing who is supporting the project and other details that give us security when investing.

[Jromz 2158]

Even though hype may contribute in the price of a cryptocurrency to rise, this type of growth is unsustainable and ends up in a popping bubble, leading investors  to lose money. Then, I agree hype is harmful for any cryptocurrency project as investors will regard this as a negative experience and end up withdrawing their investments. 

[Khan 1414]

On 3/5/2020 at 4:19 PM, SanjidaAkterSanju said:

Well it can be good for the coin. Hype can increase the price of the coin. But too much hype can destroy the people interest in coin. Because of it the price of coin will goes down.         

The current hype will not increase the coin price although it will destroyed it and the risk is increasing for the investors on daily basis because the crypto market is changing suddenly.

[teebasas 3018]

Too much noise can actually destroy the future of digital currencies but I believe the noise can increase the number of people who who engage in cryptography and this will lead to an increase in the price of the digital currency.

[Raven 7817]

On 10/14/2019 at 8:37 PM, wasabiaki said:

Hype sometimes help the coins , to attract investors , this is by the help of the managers and sales force , they make people crazy to have lots of parts of the ico or sale , but to much of this will also one of the reasons why it falls down, because if they will not reach the investors expectations they will left the project and lost support from the people, resulting to a deadcoin at the end

what do you think?

I don't think so. If hype can destroy coin then what's with bitcoin? Many good investor invested on it and hype bitcoin everyday so if you're saying that hype can destroy a coin, I don't agree on it. This is just my opinion. As long as many people hype a certain coin, that coin will have bright future or has a big potential in the future.

[guatazoo 7150]

On 10/14/2019 at 3:37 PM, wasabiaki said:

Hype sometimes help the coins , to attract investors , this is by the help of the managers and sales force , they make people crazy to have lots of parts of the ico or sale , but to much of this will also one of the reasons why it falls down, because if they will not reach the investors expectations they will left the project and lost support from the people, resulting to a deadcoin at the end

what do you think?

Of course there was supposed to have few crypto projects of coins thats are regulated and trusted by mostly of people, for example if there was only 100 cryptocurrencies in the world, there might be having very high demand in cryptocurrencies and their prices were supposed to be very high. 

[Nicole018 4548]

Examples for this topic can be talktokens and dlrs. Dlrs has now reached a stagnant position and I doubt whether it would have a recovery in the future. Some people are of the view that it might be removed from the platform. in such case it's going to be a huge loss for those people. Also talk value is on a downward Trend. I hope suitable measures should be taken by the concerned authorities to overcome the situation.

[mohamedpc1 2213]

You are right, there are a lot of fraudulent currencies, so it is difficult for you to risk and buy a currency in the ICO stage because you do not know if it is profitable or it will cost you a great loss or it will never enter the trading market so be careful of digital currencies in the ICO stage after trading it because perhaps the currency will fail And disappear forever.

[godislovefll 1880]

On 10/14/2019 at 8:37 AM, wasabiaki said:

Hype sometimes help the coins , to attract investors , this is by the help of the managers and sales force , they make people crazy to have lots of parts of the ico or sale , but to much of this will also one of the reasons why it falls down, because if they will not reach the investors expectations they will left the project and lost support from the people, resulting to a deadcoin at the end

what do you think?

In fact, I think the opposite happens and this because cryptocurrencies are more popular and this makes it continue to grow, perhaps the objectives of price increase will not be achieved but the population will increase so it will be more evident that cryptocurrencies are used and this suits us all.

[Syriana 350]

This is indeed true, because the noise helps increase demand for the currency, the strength of demand for it, the increase in investment, in addition to the fact that people will work to ask for more currency, but if their work and investment do not succeed, and their attempt to move the currency does not help, they will lose a lot and people will turn away from them.

[setifien 1016]

Actually this is a big problem that cryptocurrencies are facing, such scam projects may decrease the trsutiness of crypto and would contribute to lower the possibility of eventual adoption by people and government.

[yulitzacalvete 1366]

On 10/14/2019 at 8:37 AM, wasabiaki said:

Hype sometimes help the coins , to attract investors , this is by the help of the managers and sales force , they make people crazy to have lots of parts of the ico or sale , but to much of this will also one of the reasons why it falls down, because if they will not reach the investors expectations they will left the project and lost support from the people, resulting to a deadcoin at the end

what do you think?

I do not invest in new projects because it is scary that I will be abandoned and lose my money or perhaps they are projects created with the intention of always scamming.

[Naseer Ahmad78 721]

I think that always select the wallet having more security from administration,in my opinion hype is not only the fact which can replace crypto industry,it is one the strong forum control your self,some times taking decision by users its own can destroy market,so keep your mind in positivity by posting informative things,run slow but you will achieve your goals.

[joemcgwa 3227]

On 12/17/2020 at 10:48 AM, guatazoo said:

Of course there was supposed to have few crypto projects of coins thats are regulated and trusted by mostly of people, for example if there was only 100 cryptocurrencies in the world, there might be having very high demand in cryptocurrencies and their prices were supposed to be very high. 

The good example is from the yobit exchange it have so many tokens projects that's has no any demand so that's many of them are died and few survive.

[Robert William 590]

That's is true HYIP help to attract investors to the coin because they'll need the listed coins in order to join the ICO. But sometimes most of ICO's are not all trusted some of them is scammers