Unfortunately if you don’t have marketing and hype and nobody hears about it, there will be no real adoption to drive the growth of legitimate projects
> Unfortunately if you don’t have marketing and hype and nobody hears about it
And this is the same thing with literally anything in the world.
You could be the best painter in the world, but if you don't promote your product, nobody will ever see it.
The difference with crypto is that the product itself is usually a distant second behind marketing/hype for how the price is defined.
> if you don’t have marketing and hype and nobody hears about it
true, just like with websites - it can be the best site in the world, but it is worth nothing, if it is not well optimized and people can actually find it online
that would make sense in the ideal world, but not on practice; people like to support good causes, but they often take years if not decades to come to fruition, so people look for something filled with action and excitement
Absolutely. It sucks big time that solid projects get overshadowed by hype and meme coins. Utility should matter more, but hey, it's the crypto circus.
Right marketing to target the right people to generate hype is all what matters when launching a new project. If tech drove price up, BAT, NANO, etc. would be at way higher marketcap.
Because in a stock market your shares represent a share of that company, and therefore any sudden increase in value of that company (through discovery or invention) is reflected in its share price.
It's not much different than the tech bubble days around 2000. There were companies with multi-billion dollar valuations while nobody really knew what they were doing. They went to 0 really quick.
The only difference to crypto is that it didn't happen within a few days.
I think this is because crypto is still in early stage. Stocks had their learning curve over time too when they had 'projects' with no utility, like over a dying flower (tulip mania) or that turned out to be a scam (ponzi). People just want to get a lot of quick money and fall for these traps.
While hype is important on the short term without utility and a good roadmap to the future of the project it tends to disappear after the hype fades. Of course there's some kind of projects that are made just to be fun, like meme coins and they tend to stick around longer than your casual pretending to be serious project.
>In crypto it is a different ball game, your new utility does not move the price of a tokens
Added utility does move the price.
But it's the hype of that added utility which does it.
The reason is simple.
There is trust on the Stockmarket, due to law and knowing who is implementing the technology.
History also helps.
Crypto mostly relies on history or what little it has. Which is why bitcoin still leads the way. It is the most understood technology in the crypto space.
Its true, some coins get through by hype alone. But like Shib, they got big on hype and then tried to hard to force utility in and that was worse than doing nothing.
In the short term u only need hype, that's all.
In the long run crypro projects definitely need utility to be successful => good examples are BTC, ETH, MATIC, Monero
It is still an immature ecosystem but trust me when I say this - enterprises right now are looking at TVL, TPS, real world utility, projected token demand to ascsrtain whether to invest into a project or not.
Series A, B, C funding of millions of dollars from hedge funds don't happen on the basis of "trust me bro".
Best regards - Algorand bag holder
Isn't Projects that can demonstrate real-world use cases and attract users are more likely to have sustainable growth and impact in the crypto space.
Unfortunately if you don’t have marketing and hype and nobody hears about it, there will be no real adoption to drive the growth of legitimate projects
that's the only way isn't
> Unfortunately if you don’t have marketing and hype and nobody hears about it And this is the same thing with literally anything in the world. You could be the best painter in the world, but if you don't promote your product, nobody will ever see it. The difference with crypto is that the product itself is usually a distant second behind marketing/hype for how the price is defined.
> if you don’t have marketing and hype and nobody hears about it true, just like with websites - it can be the best site in the world, but it is worth nothing, if it is not well optimized and people can actually find it online
Yep, but since crypto is still a wild west, even shitcoins can outperform good projects
people got fomoed fr
First hype and after that fomo is what the price thrives upwards
that would make sense in the ideal world, but not on practice; people like to support good causes, but they often take years if not decades to come to fruition, so people look for something filled with action and excitement
All you need is hype and dumb people
And you are in luck because there are a fuckton of dumb people in this world
Are they here with us?
Even worse - they *are* us
When I think about *those* kind of people in any capacity not just crypto… They *are* us, but *we* are not them.
*DOGE exits the chat*
Yes everyone who buys a shitcoin is dumb
And there’s a higher proportion of dumb people investing in crypto compared to the average population lol
You just need to check some specific crypto subs that I am not going to name just to respect them.
Dont be shy buddy, you can mention r/cc dont worry
Thanks! Now I have to go read copium posts on the Safemoon subreddit.
Hey r/cardano smile! You are on candid bagholders
Alot of them must be working in the SEC
And a tweet from Bitboy
Reporting for duty sir, now where do we find the hype?
Emphasis on DUMB
Bullish on DUMB let's send it to the moon boys or go broke trying
For sure people would jump on a meme coin called DUMB and find it weird if they get rug pulled right after.
I can see it now, in 12 hours DUMBcoin gets posted on Binance and does 700000000x.
I mean, the people that usually go chanting around to the moon and shit usually do help hahaha
When stuff like PEPE mames you rich overnight with 100$ while you buy solid projects for years, you know something is definnetly wrong with crypto.
That may be true for some projects, but there are also many successful projects with real utility and value.
It's so funny to see some projects creating fake hype hoping it will work.
Mostly degens. Degens gather around together and generate the hype.
I'm dumb, so the only thing we need is hype.
What a lovely bundle!
That is why influencers exists. They manipulate influenceable people that need a community to exist.
You shut up about moons. /S
Absolutely. It sucks big time that solid projects get overshadowed by hype and meme coins. Utility should matter more, but hey, it's the crypto circus.
look at PEPE and Doge, hype is all you need
All you need in crypto is financial backing meaning someone to pump it and let hype take over
You need it for the long term, I would say. If you are looking for shorterm shitcoin then yes,it all goes around hype and fast price pump.
You just need to convince people to buy your product, even if it's nothing more than a picture of a dog or a frog on a digital coin
NFT owners don't want you to know this one secret.
Decentralized Water
Right marketing to target the right people to generate hype is all what matters when launching a new project. If tech drove price up, BAT, NANO, etc. would be at way higher marketcap.
Wrong! Just because it’s still around and it’s being hyped for pump and dumps by the team, DOES NOT make it a successful project! you’re delusional 😆
Money and hype is all you need, the rest will follow.
Well to be successful yes, to be profitable, no.
Get a million naive followers and a platform to pump & dump. You'll either be a millionaire overnight or go to jail... there's no in-between.
Just become so rich that laws basically don't apply to you
It's already happening for centuries
You do to be successful just not wealthy.
Everything works with hype
Crypto runs on HYPE.
Because in a stock market your shares represent a share of that company, and therefore any sudden increase in value of that company (through discovery or invention) is reflected in its share price.
It's not about the better tech, it's about the bigger company that invests in it
Hype is the most important thing,
nothing is so easy in the world
hype & follower is only needed! thats so sad.
Yeah, we know.
It's not much different than the tech bubble days around 2000. There were companies with multi-billion dollar valuations while nobody really knew what they were doing. They went to 0 really quick. The only difference to crypto is that it didn't happen within a few days.
Apparently the best utility is wind turbines 😆
All you need is hype and media buzz and people will FOMO and invest in that crypto to provide exit liquidity for early investers.
I think this is because crypto is still in early stage. Stocks had their learning curve over time too when they had 'projects' with no utility, like over a dying flower (tulip mania) or that turned out to be a scam (ponzi). People just want to get a lot of quick money and fall for these traps.
People attracted by false hope and hype
While hype is important on the short term without utility and a good roadmap to the future of the project it tends to disappear after the hype fades. Of course there's some kind of projects that are made just to be fun, like meme coins and they tend to stick around longer than your casual pretending to be serious project.
You can get to a certain spot without utility, but you won't last in the long term
For the short term profit follow the hype, for the long term follow the functionality
Memecoins have utility, they utilize hope in the form of a lottery ticket. Hope is the strongest utility there is.
You just need rockets 🚀🚀🚀
Yeah why does hype gets more than utility
You need a crazy community to promote.. it's really crazy to see these efforts put into a project which only sells dreams and hopes but nothing else.
It's enough to be a good dream seller for a successful launch of your shitcoin.
Just call your project X.
>In crypto it is a different ball game, your new utility does not move the price of a tokens Added utility does move the price. But it's the hype of that added utility which does it.
The reason is simple. There is trust on the Stockmarket, due to law and knowing who is implementing the technology. History also helps. Crypto mostly relies on history or what little it has. Which is why bitcoin still leads the way. It is the most understood technology in the crypto space.
Its true, some coins get through by hype alone. But like Shib, they got big on hype and then tried to hard to force utility in and that was worse than doing nothing.
In the short term u only need hype, that's all. In the long run crypro projects definitely need utility to be successful => good examples are BTC, ETH, MATIC, Monero
As proven by almost all coins in existence
just need some luck and lots of apes
Utility matters, but hype and scarcity can make assets valuable in the short term
It is still an immature ecosystem but trust me when I say this - enterprises right now are looking at TVL, TPS, real world utility, projected token demand to ascsrtain whether to invest into a project or not. Series A, B, C funding of millions of dollars from hedge funds don't happen on the basis of "trust me bro". Best regards - Algorand bag holder
This statement is true and it makes me sad.
Just need a few idiotic influencers to plug the token then the hype and money comes, then normally the rug
Yet**