Post
Topic
Board Altcoin Discussion
Re: What do you think about these hyped projects for 2023?
by
klidex
on 30/12/2022, 07:41:29 UTC
Always try to avoid hype.  Because hype is limited for a certain time and goes away very quickly.  So if you wait for the hype or invest in believing the hype then you will never achieve anything big.  So invest there which will give you profit in long run.  It can bring you something big.  Hype can't do that Hype may or may not return you a large amount in a short period of time, but it is highly unlikely because you never know when the hype will come and go.  It will only fool you
Yet, it gives you profit somehow if you are in perfect timing but you are right, they will just stay for a very short period of time and then be gone.
Many people are looking for hyped coins thinking of a huge return, many people become lucky but many also had lost their money quickly. This kind of investment strategy is not really advisable but unfortunately, there are a lot of people still doing this. Of course, it can't be denied that many also earn a lot of money from doing this which also gives interest to others.
If one can invest in Hype at the perfect time then it is a matter of great luck for him.  Because very few people are able to invest in hype at the perfect time . Hype behaves a bit like gambling.  It makes someone rich in a very short period of time and takes everything away from someone in a very short period of time . Perfect timing is a big deal for Hype
However, if an investor or trader buys a coin during hype, you have to be very careful because the risk of losing money is very large, even though it is true that if you can take a position correctly, you can generate huge profits in a short time.
However, market conditions and price fluctuations are very fast when there is hype, so it is difficult to determine.
My advice would actually be better and not have a big risk if we choose a coin that is still at a relatively low price before the hype occurs.
We just need to wait some time and assume the coin we buy is a long-term savings or investment.
That way there is very little chance of losing money and the profits you get when hype occurs actually have very large multiples.