We hear the term hype tossed around a lot in the crypto scene, and honestly, it’s gotten a bad rap, which isn’t fair. Hype isn’t necessarily a bad thing; the problem is that it’s often misused by scammers, influencers, and others like that.
The reason I think this way is that we only label something as hype when it seems to lack real value. It’s a bit of a tricky situation, but many coins that actually have worth also get hyped up. That’s why for me, it’s crucial to dig deeper and do your homework beyond what’s being sold to you. That’s how you can tell whether a hype is just empty promises or if it has real value behind it.
Plus, everyone’s got something to sell, promote, or market, and hype is part of that game. So, while it’s true that hype can be misused, it falls on us to stay sharp and figure out if what an influencer, creator, or developer is hyping is actually legit. In the end, doing your research is the key to spotting the difference between hype with no substance and hype that’s genuinely valuable.
If it's a crypto that's just coming into the public space, it can't survive without proper hype and wether it's just a pump and dump project or the right project that will actually stand the test of time, You have to hype it real good for people to see reason why they should get involved in it. But hype alone doesn't validate the authenticity of a crypto.
From the end of an investor that already knows that hype is still a part of marketing, who's influencing the coin doesn't matter. What matters is the information you've gathered about the project. If you invest in a coin just because of hype, you're likely to invest in somany shit coins that are fan of hype.
In many altcoin markets, especially memecoins, it's difficult to distinguish between misleading marketing and false promises. All these projects rely on unverifiable data available online and require access to private information that many traders don't have.
This is the primary reason why the hype surrounding cryptocurrencies is often associated with scams.
Others that had good records also later fall 90% or more and not get to all-time high again. Some in another bear market, dump more than the previous low price in the last bear market. Only just very few among them are getting to all-time high. There are thousands of cryptocurrencies, I do not think they are up to 30 that got to all-time high in the last bull market.
That is one of the main reasons why people trust meme coins much less. I think they can be worth playing with during periods when they are being actively pumped, but at other times there is a high chance of simply losing money. The probability that a meme coin will survive a bear market is actually not that high, and there is no guarantee that it will perform well in the next cycle either. There is a reason why they are considered high-risk assets. I do not think it makes much sense to invest large amounts of money into them.
Hype only deals with market entry and exit timing, not necessarily comprehensive research. Hype naturally attracts attention and accumulates a lot of fresh liquidity. Everyone will compete to seize the wealth from that liquidity pool.
No matter how well-presented the hype, it ultimately only forms a bubble.
The question should be "what is the hype about?" Is the project being hyped by something that is actually new and solves a problem? Is it an innovative thing that is necessary? Or it's just being hyped by people who are the next big thing or something cool?
Most times, these coins just give promises and a big marketing budget with nothing more to offer. If something is good and popular, of course there would be hype around it. Just like there is hype around Bitcoin.
The hype should be on something and not some fantasy dream that would be impossible to achieve. Like the type PI sold to it's followers for years.
As for memecoins, all of them are only hype. The ones that can ride on longer hype survive the longest.
FOMO is like of hype effects but it's natural effects on people outside the market and motivating them joining the market, as well as current participants in the market to become more actively and aggressively with purchases. With Bitcoin, there is no need for fake hype marketing activities because it is strong and already gone through its earliest and hardest years in history, though altcoins with low or zero value, even scam, really need hype activities to attract people to their projects, and turn part of these people to scam projects' victims.
People must verify information they get, and do their own research for finding about fundamentals of any project they feel interested in before spending money for that cryptocurrency. With Bitcoin, with its growth so far, no need of doing fundamental research for avoiding scam. People can invest money in Bitcoin without fundamental research and won't be scammed but if they do research for learning about Bitcoin's fundamentals, market history, they will have deeper knowledge, stronger mentality and better ability of holding.
Hyped or not, your first job as an investor is to do research.
You can't or shouldn't blindly invest into any coin because of what you heard about it. Some investors gets carried away by figures they see online on the performance of a coin.
Not all hypes are legit. Some hypes are done to draw investors into then market and once they have enough, they simply pull the plug on everyone. That's why it's your very best responsibility to do research.
I don't listen to any influencer about a coin because they too get paid to shill a token. They want to make their money and don't care what happens to you later.
The fact is that irrespective of how much you research, there are still possibilities that you could miss a vital clue that may be the determinant if you would make a good investment or fall for hype. There is the human factor that could wreck everything you think you've got figured out, even if all the technical details made sense. I once heard of a project founder who assembled a reputable team but ended up stealing $400+k to the disappointment of the project team. They had to continue building to protect their own image. That means that even a crook could have a bright idea, but at the end of the day, they'd still defraud you hype or no hype.
Just addressing the thread title:
There is crypto hype - which nobody should trust, even the promises because they are empty
and if they happen to come true its just by chance.
and there is Bitcoin hype - which nobody should trust either, nobody can tell how the future of
the market other than a long term probability.
Nobody can promise anything about either markets and an actual value is in the future and
unknown.
Honestly most of what gets called "value" in crypto is just hype. Thousands of coins promising the world and almost none survive a full cycle. If a project lives or dies by how loud the hype is, it never had value to begin with. Eventually all go to zero against bitcoin.
Stack sats and ignore the noise.
When bitcoin is hyped, the intention was not to scam people the way we see other altcoins do, moreover now, you've gotten to a stitch whereby we don't even have to worry about all this again, as bitcoin is more sustainable on its own, this is where people need to understand difference between the normal ones they see on project that have been pumped and dumped in relation to the ones that does not go in this direction like we have with Bitcoin, because you are dealing with an opportunity here for everyone to get along the train for adoption.
It's not 100% non scam like this.
Bitcoin does not scam anyone but people who tried to create hypes in the market and community can be scammers. They can be scammers like Do Kwon with Terra, Sam with FTX and more companies that collapsed and bankrupted in one market cycle before. Scammers can try to take advantage of Bitcoin bull market and Bitcoin hype waves for doing their scams more easily and successfully.
When a project is genuinely good, it doesn't need excessive advertising, and when it's excessively advertised for no reason, you should usually be wary. How many influencers are scamming people these days with crypto projects, tricking their followers into inflating their coin, which is nothing more than a memecoin?
At the end of the day, it's better to believe in projects backed by the technical community, not by an influencer, unless you want to take advantage of them. For example, if the Church announces Papa Coin, rush to buy it and sell at its peak before it plummets. That's investing to capitalize on hype, like Trump's crypto.
There is another aspect of hype you didn't consider, and that is...
A project actually has value and use case, but it's benefits are exaggerated during promotion.
But the most witnessed hype is the one that has no use case but solely rely on fake promises and trend to function.
As a beginner, if you want to lose your way around what to invest money on or how to trade, just go on twitter and do as you are been told, that place is like a misleading platform made for misleading people in general.
It got so bad that almost everything on twitter is fake, even news are been easily tampered maybe because of the AI implementation on the platform, do not learn anything about crypto and trading via twitter, you have been warned.
Bitcoin won't fail you, stick with it, if you want to take risks on other projects make sure you go for the top 30 on coinmarketcap, they hardly disappoint but Bitcoin will give peace of mind than any other.
The word "hype" is usually used to indicate increasing popularity. When talking about crypto, the word "hype" is usually used when its popularity is rising. This can be seen either when crypto is being widely discussed, or when searches for it are increasing (for example, it can be found on Google Trends Explore). Furthermore, I prefer data-driven use of the word "hype", such as: crypto fear and greed data, which can be used to gauge trends, or hype in crypto, and it will be reasonable. Cmiiw.
I am not sure (it is not appropriate) about the term "hype" used by influencers regarding shitcoins, as it could be misused, maybe to direct their followers to buy the shitcoins. This would benefit the influencers who bought early, or maybe they get paid for it (do the promotions). Isn't this a common occurrence? They seem to be giving so much hope, or maybe we could say "hopium", right?
To be fair, even without using the term hype, we know they can sell their bags in one way or another. Most of the time, people on social media use that term interchangeably with trend too. Unless influencers have tons of millions, maybe they'll struggle creating that trend just by their vids alone. I guess you could say they'll spam their followers feed with videos next.
Anyway, I think picking the right term to use is the least of our worries. Malicious marketing is what we should stop. We need to educate people about scammers, pump & dump, rug pull and whatnot so they can see the signals early. If the market discourage people from doing horrible stuff to make money I think we'll see less of them.
This psrt of you statement is very wrong.
When something is hyped, that doesn't mean it has no value. Hype isn't strictly tied to the value of a thing. It's simply used to gain publicity and attention.
Anything/Anyone can use hype to gain publicity, as I've highlighted above and that doesn't mean what they offer won't be valuable.
Bitcoin has its own hype, even on this forum. Does that make it a worthless project? The stock market has plenty of hype as well, yet the same argument doesn't apply.
There's also "overhyped", where something has value but fails to meet the expectations created by the hype surrounding it. Not worthless either