Pump and dump coins are the most greatest enemies of a newbies, they hype the project to lure you and once you invest the whales will cash out on you and you will be forced to either exit with big loss or hold till eternity
True! Newbie traders should only trade with top 20 coins. It's reasonable to set a high profit target! However, if your trading skills aren't good enough, you can lose your capital easy by trading with pump and dump coins. Whales are the one who control the market since they have really big capital, we have to be wise and calm when trading! 
Topic: Alert 🚨 (Read 895 times)
Pump and dump coins are the most greatest enemies of a newbies, they hype the project to lure you and once you invest the whales will cash out on you and you will be forced to either exit with big loss or hold till eternity
Lol that's me in my 2017s.
I bought quite a lot when I started up especially when Bitcoin was trading around 20k that time.
It wasn't worth it because it fell after that year in 2018s as you mentioned.
Well emotional trading as it is back in the days. Unforgettable.
Same! I joined trading by buying ETH in 2017 and then just got burn-out by the market. The reason is that I let the emotions affect my decisions. Furthermore, at that time, I didn't have too much knowledge, skills, or techniques to trade. I trade with greedy and the fear-of-missing-out! However, it was the best lesson that I learned the hard way!! I bought quite a lot when I started up especially when Bitcoin was trading around 20k that time.
It wasn't worth it because it fell after that year in 2018s as you mentioned.
Well emotional trading as it is back in the days. Unforgettable.
Remember that it easy to show 2x-5x profit in chart after pump.. But truth is 90% chart analyst not able to make those profit n few discipline experts book profit each level with a target.
Dont enter in FOMO in this Alt cycle, u will be REKT like 2018.
I am sure we will have that time again soon. You should not worry, and you should wait for that time. If you can prepare from now on, I think you will be ready to sell your coin when the bull run comes. But right now, the market still not increase so high, and I think the market needs more time to increase, and after the market can get the right time to grow, the bull run will come again. I am sure at this moment, you can still make a profit, but you need to be careful if you want to trade. Dont enter in FOMO in this Alt cycle, u will be REKT like 2018.
Altcoins can easily give good and fast profit. I am a good benefactor of altcoin pump, but it can be an easy route to lose your fund when you buy the top. I don't chase a pump no matter what, I let it go, I don't want to in panic mode, can't say when team will be dumping.
Remember that it easy to show 2x-5x profit in chart after pump.. But truth is 90% chart analyst not able to make those profit n few discipline experts book profit each level with a target.
Dont enter in FOMO in this Alt cycle, u will be REKT like 2018.
Dont enter in FOMO in this Alt cycle, u will be REKT like 2018.
True! Majority of the token holder does not make a profit during a pump. Most of those who made a profit are those who have inside information regarding the price pump limit and the timing of dump. During this pump event, shills use the chart to hype people and make them believe that the price will continue to pump to trigger FOMO and many falls for this strategy. It is a good thing to remember what happened to people who invested in late 2017 where the hype and FOMO of cryptocurrency were at its peak.
Remember that it easy to show 2x-5x profit in chart after pump.. But truth is 90% chart analyst not able to make those profit n few discipline experts book profit each level with a target.
Dont enter in FOMO in this Alt cycle, u will be REKT like 2018.
I always avoid buying Bitcoin when there is a FOMO. That’s why I don’t buy when people are talking about all these halving and bull run and the rest of them. The best time to be buying Bitcoin is when things are cool and the price is stable. If you buy it then you can then hold it for a long term.Dont enter in FOMO in this Alt cycle, u will be REKT like 2018.
I joined Bitcoin in 2015, and I can remember back in 2017 I wasn’t expecting bull run when I invested in Bitcoin. I didn’t even know about bull run, I just bought some coins and stored them in my Blockchain and Xapo wallet. And the next thing there was a fork and I got BCH, same amount as BTC (I can remember I also got Bitcoin Gold, in Xapo and was asked to exchange then in the wallet, which I did). Back to what I was saying, the bull run in 2017 wasn’t what I was expecting, but I’m happy I did. When the price reached $20,000 and started falling, I sold it.
That brings us to 2018, I started to understand a lot of things about Bitcoin based on the experience other people had with the bull run. It’s not good to buy out of FOMO. There are people I know that bought around $18,000 and the price fell and they lost more than 50%. I advised them to keep it, there is really no need to be selling it.
Perfect timing on fomo can guaranteed profits too. However we are not sure when this will happen so better not to lay waste on money we are not ready to let go of. I did some fomoing before and the consequence is a mixture of gains and loss but to tally it, I have more loss than gains. Now I just keeping it safe by investing on a good projects that are not played by whales at least or coin with huge market cap that needed big funds before they can manipulate.
How can you be so sure of your claims and predictions if you don't even show your own technical analysis here. FOMO is always around the crypto market thus if we don't want to be trap on that, basis is highly needed for us to jump on that fomo or not. Let me tell you that in trading, the urge to ride in a fomo can't be prevented but if we have strong tools then we may confidently handle this.
No matter what the outcome, FOMO and trading with emotions can be devastating to our portfolio. The best thing we can do is make a comprehensive plan of action and take those steps. Let the trades some to you.
So many people have been making their own plan but the problem is sometimes the trend doesn't meet what they have expected. In my opinion if we must always put the bearish trend as our best time to enter the market.
FOMO is something that will always trapped the late players.
Even a good analyst it is very hard to predict a price even though it a a know coin. With the charts it just shows the price movement still the people who has a huge partial of the coin can manipulate the price gradually. So i still stick to Ethereum because.of its stability
Remember that it easy to show 2x-5x profit in chart after pump.. But truth is 90% chart analyst not able to make those profit n few discipline experts book profit each level with a target.
Dont enter in FOMO in this Alt cycle, u will be REKT like 2018.
If you do not trust random charts from random unknown so called experts then everyone would be fine. There are many coins that pump on a daily basis and it is really difficult to figure out which coin is going to pump unless you follow the trend and have some information about the pump groups who are taking advantage of the market. Dont enter in FOMO in this Alt cycle, u will be REKT like 2018.
The only thing you need to be careful is not to be a bag holder even if you are planning to participate in the pump and dump coins.
It's easy to avoid if you aren't greedy, always buy when price is lower not when price is pumping, this is what got many in debt last three years (2017) and till date they are still in debt
It is very dangerous jumping into a project because of FOMO, so many people have learnt their lesson in a very hard way as a result of falling for FOMO. If possible, avoid all this signal group they do more harm than good.
Yeah right, the most important thing is not easily carried away by the flow, ingenuity in reading market movements that need to be needed,the most important thing is patience,don't let you experience losses because you did the wrong step
I agree, Don't be fooled by the market. I lost a decent amount in 2018 because yeah "FOMO". Everyone is expecting that BTC will skyrocket to the moon when it hit $20k on Dec 2017. Which don't get me wrong we were expecting the future of cryptocurrencies brightly that time, and the market just went bear. It's even a miracle that some coins out there is still standing. Large sum of people panicked there and liquidated their account because of the fear of the market can't make it.
We cannot argue with the past but isn't it better to take advantage of the current situation, losing money in investments are normal and same as any thing profitable about trading there is always a risk. One should think through, the current situation is good and if one should think its otherwise then the problem is most likely on that person. Chart analysis are unreliable sometimes and most often its only purpose is to get some hype.
Remember that it easy to show 2x-5x profit in chart after pump.. But truth is 90% chart analyst not able to make those profit n few discipline experts book profit each level with a target.
Dont enter in FOMO in this Alt cycle, u will be REKT like 2018.
You are right about the chart analyst. Most of them won't able to reach the maximum 5x but maybe only at 2x and they already sold their bag. Only really fools or baller drop their order in one goes.Dont enter in FOMO in this Alt cycle, u will be REKT like 2018.
That's true most people will be quick to fomo when they see what they thought will last thus with the mindset that they want to take their own share while getting stuck because those who entered earlier has already taken their profits, which then comes down to the question of if they actually learnt everything about trading or not. There is more to trading reason it is always better to be armed with the right knowledge first before starting so as to limit unnecessary losses, of which many of the times, these losses were caused by fomo.
Remember that it easy to show 2x-5x profit in chart after pump.. But truth is 90% chart analyst not able to make those profit n few discipline experts book profit each level with a target.
Sharp pumps always mislead. Do not get misguided by signals which are based on short time frame. Your profit levels will be purely depending on how much long remain disciplined and patience enough; I mean when you are generating your signals based on longer time frame then you can easily skip pumps and dumps. Spikes are always the indication for staying away. But unfortunately people are looking for spike to get into manipulations so that they can make quick profits but unfortunately most of the times they do get trapped by sudden dumps.Dont enter in FOMO in this Alt cycle, u will be REKT like 2018.
FOMO is the failure of discipline. If you believe into being discipline to make good profits then you should never participate by FOMO. For example, with bitcoin people who have bought around $15000 levels, might be still holding for more than two years. Yes, FOMO may lead to long waiting if it is with highly reputed assets like BTC/ETH but with random coins will lead to definite zero returns if opt to hold. Jump to: