Topic: Caution: Don't get carried away by social media vibes while trading (Read 613 times)
This is so true. Social media news can never be trusted. Everyone is free to write on social media and you never know who is behind a signal on facebook. Do your own research and read posts of senior members here, that will give you enough confidence to trade effectively.
legendary
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March 20, 2021, 10:52:50 PM
It's okay to get influenced if you know that you're still early and there's bunch of people out there still watiing to get in or to buy that specific crypto, otherwise just don't do it also if you're not sure.
You can trade the news, buy the rumour and all that but know when it's just shilling ongoing and nothing more. Those kind of coins are what you stay away from. Sure they give the best return of investment if you were lucky to get in at the right moment but be cautious as it can go crashing at anything and if you weren't smart enough you get dumped on.
The problem with these hyped coins is that newbie think they're good investment choices instead if just trading them like how other speculators are doing. Holding onto hyped coins can turn out to be the worst mistakes you can make in the industry.
When you see the profits you secure it and wait for room to re-enter the market if the buzz around the project is still ongoing. Never go in with funds you won't be comfortable losing though.
March 20, 2021, 06:09:56 PM
We should trade not to be affected by the signals from other people, because there are some people who use social media to make the coins
they bought before pumping, so they can make a profit. Therefore, I have often said on several topics in this forum, if we want to become
a successful trader, must be able to analyze market movements on your own. And use other people's signals only for comparison, then avoid
joining the pump and dump trading group. Because the group only uses its members for personal gain.
they bought before pumping, so they can make a profit. Therefore, I have often said on several topics in this forum, if we want to become
a successful trader, must be able to analyze market movements on your own. And use other people's signals only for comparison, then avoid
joining the pump and dump trading group. Because the group only uses its members for personal gain.
March 20, 2021, 05:59:39 PM
It's okay to get influenced if you know that you're still early and there's bunch of people out there still watiing to get in or to buy that specific crypto, otherwise just don't do it also if you're not sure.
I think it's common sense to not let anyone dictates our decision because it's us who knows ourselves and our asset best.
Most of all, it is beginners who can be at risk, those who do not have very good knowledge, and also do not know how to prioritize, paying attention to various information tricks of various scammers. I believe that most traders are more cautious about social media and the safety of their assets.I think it's common sense to not let anyone dictates our decision because it's us who knows ourselves and our asset best.
We can make out presumptions on making out analysis out of those informations but which one will be somewhat the toughest thing to be done.You would need those details so that
you can at least include it into your consideration or adding up on your analysis.Those things are always present so dont get surprised and dont gea easily yourself attached with it.
March 20, 2021, 04:36:28 PM
Because in their minds is that they can be more profitable if they bought coins that are at cheap prices. They are thinking that this coin will be in hypes someday and doubled their investment. But I'm not sure if this still works because, at this time, there are no such hypes happening in the crypto market.
It is true, that such a paradigm only applies when we are still in 2015, whereas now is no longer the time to have speculation or primitive belief that buying cheap coins will provide big profits in the future.
because the current growth of coins is like random and has no permanent pattern. in other words, many new coins have cheap prices, but in the end it didn't take long, died in the middle of the road and finished leaving investors with huge losses because they had already ripped off quite a large dollar.
so to save the paradigm there is only one way, namely focus on bitcoin holdings and you will be safe in the future.
March 20, 2021, 09:14:00 AM
It's okay to get influenced if you know that you're still early and there's bunch of people out there still watiing to get in or to buy that specific crypto, otherwise just don't do it also if you're not sure.
I think it's common sense to not let anyone dictates our decision because it's us who knows ourselves and our asset best.
Most of all, it is beginners who can be at risk, those who do not have very good knowledge, and also do not know how to prioritize, paying attention to various information tricks of various scammers. I believe that most traders are more cautious about social media and the safety of their assets.I think it's common sense to not let anyone dictates our decision because it's us who knows ourselves and our asset best.
March 20, 2021, 07:51:47 AM
@OP while you said it, I'd also like to remind you of Elon Musk's non-sense yet highly followed tweets which took BTC "to da moon" and then dropped it back "to the ground" just because at the beginning, he announced of his BTC holdings through SEC, and later on when he "probably" would have sold all his BTC already, started playing tricks with average investors and trying to scare them of the markets by saying that BTC seems to be a bit overvalued. Tell me what the hell is that? Still, these foolish investors follow him just because he got success in least time through Tesla and SpaceX.
Well, perhaps Elon Musk is pure business-minded. He wants to manipulate bitcoin just because of his own interest and possible benefits and he abused his being an influencer just because of his own interest. If we know that there is something wrong with manipulation, I would rather start ignoring him than following his nonsense tweet on social media. If you are a real crypto enthusiast you will not listen to any social media vibes, all they want is to have a pump and dump of the price of crypto and when bitcoin is on hype, they will immediately cut their profit. But at least, it is hard for them to manipulate the entire market, only a small impact has.I think as BTC market cap increases it will become harder to manipulate it. I would assume that we will arrive one day to a more stable and less volatile BTC. We may need to wait years for that to happen. The very best to you all, J
March 20, 2021, 07:43:12 AM
It's okay to get influenced if you know that you're still early and there's bunch of people out there still watiing to get in or to buy that specific crypto, otherwise just don't do it also if you're not sure.
I think it's common sense to not let anyone dictates our decision because it's us who knows ourselves and our asset best.
Most of all, it is beginners who can be at risk, those who do not have very good knowledge, and also do not know how to prioritize, paying attention to various information tricks of various scammers. I believe that most traders are more cautious about social media and the safety of their assets. I think it's common sense to not let anyone dictates our decision because it's us who knows ourselves and our asset best.
legendary
Activity: 2408
Merit: 4282
eXch.cx - Automatic crypto Swap Exchange.
March 19, 2021, 08:58:17 PM
You need to gain knowledge from good information most of the information is now available on social media.
That doesn't mean all information there should be considered valid, social media gives room for any information to be circulated in the matter of minutes, there's no time for it to be filtered and authenticated although not trying to say we have to live in a world where everything is approved before we can get the news but at least some sort of authenticity should be done.
If you based your trading from social media, you might end up losing all your capital as before a coin get shilled on the platforms it has already been bought by the shillers, now out of fomo if you buy in late you'll be the one buying the bags from the shillers which you'll likely get dumped on.
March 15, 2021, 03:58:14 PM
Building up yourself to be tough in decision to be made when you do deal up with market where emotions should really be set aside and if you are someone who do easily
reacts anytime on hearing out some vibes then that might really be a big problem into you trading career because you do easily get distracted or influenced because of those things
and letting yourself get carried away and as said that with due experience you can really able to control up this thing.
You would realize the benefits and the problems that it can cause if you are really that keen on listening or reacting from time to time.
reacts anytime on hearing out some vibes then that might really be a big problem into you trading career because you do easily get distracted or influenced because of those things
and letting yourself get carried away and as said that with due experience you can really able to control up this thing.
You would realize the benefits and the problems that it can cause if you are really that keen on listening or reacting from time to time.
March 15, 2021, 03:52:38 PM
Lol there is really nothing new about this tactics, it is what is called pump and dump and there are people who their business is just that; they just go around looking for coins that they are going to pump and dump and that’s it for them, they don’t care about other traders or how their actions will be affecting those tokens, they are just interested in their pockets and that’s all.
So, it’s really nothing new, you will even see a lot of them that have groups on telegram and you will see them on Twitter and other social medias, looking for members that are going to join their P and D groups and they are also scammers. Best to stay clear from them.
It is nothing new but scammers are always trying to find a way to disguise what they are doing so newbies keep falling into their traps and keep losing money, and the worst part of all is that they are being successful, newbies come to this market thinking they are going to become rich in just a few weeks and when people like us tell them this is not possible but they can obtain big profits with bitcoin as long as they hold for the long term they do not want to believe it.So, it’s really nothing new, you will even see a lot of them that have groups on telegram and you will see them on Twitter and other social medias, looking for members that are going to join their P and D groups and they are also scammers. Best to stay clear from them.
Then they find people like these scammers that tell them exactly what they want to hear and think we know nothing about the market, then they get scammed and come here crying they have lost their money and hoping a miracle happens and they can recover their money, and then when we tell them this is not possible they leave the market thinking everyone is a scammer when they were the ones at fault to begin with.
March 12, 2021, 06:10:20 PM
Lol there is really nothing new about this tactics, it is what is called pump and dump and there are people who their business is just that; they just go around looking for coins that they are going to pump and dump and that’s it for them, they don’t care about other traders or how their actions will be affecting those tokens, they are just interested in their pockets and that’s all.
So, it’s really nothing new, you will even see a lot of them that have groups on telegram and you will see them on Twitter and other social medias, looking for members that are going to join their P and D groups and they are also scammers. Best to stay clear from them.
So, it’s really nothing new, you will even see a lot of them that have groups on telegram and you will see them on Twitter and other social medias, looking for members that are going to join their P and D groups and they are also scammers. Best to stay clear from them.
They'll use any venue to attract people to invest with their chosen coin, it's tough but if you understand the concept you'll be able
to avoid this kind of scheme.
Never to let those kinds of social media hypes interfere in any of your decision making, go with your own assessment trust your guts
and continue learning by your own observations.
March 12, 2021, 05:54:06 PM
Sometimes, this is true. If we are only following any hype and then we are FOMO, this will not be good. because we will always buy the coins when pump and then the price will commonly drop so significantly and easily because the hype era has ended. This case really happens to newcomers in cryptocurrency. Only following the news and fundamentals news on social media or others, and then get trapped on the high-price buying.
But, how do you know that the price is the lowest one? We cannot know it. But, we may see the prospect of the coins after buying, not because of the hype, but more because of some fundamentals issues that really relate to the coins and trusted enough (not based on hype). Additionally, every coin has its own up and down phase. It also needs to analyze whether the right time to buy, whether in a market correction.
But, how do you know that the price is the lowest one? We cannot know it. But, we may see the prospect of the coins after buying, not because of the hype, but more because of some fundamentals issues that really relate to the coins and trusted enough (not based on hype). Additionally, every coin has its own up and down phase. It also needs to analyze whether the right time to buy, whether in a market correction.
March 12, 2021, 02:03:02 PM
Lol there is really nothing new about this tactics, it is what is called pump and dump and there are people who their business is just that; they just go around looking for coins that they are going to pump and dump and that’s it for them, they don’t care about other traders or how their actions will be affecting those tokens, they are just interested in their pockets and that’s all.
So, it’s really nothing new, you will even see a lot of them that have groups on telegram and you will see them on Twitter and other social medias, looking for members that are going to join their P and D groups and they are also scammers. Best to stay clear from them.
So, it’s really nothing new, you will even see a lot of them that have groups on telegram and you will see them on Twitter and other social medias, looking for members that are going to join their P and D groups and they are also scammers. Best to stay clear from them.
March 11, 2021, 11:28:34 AM
When it comes to emotion then you should stood strong because if you are just too fragile when it comes to emotion handling then most likely you would really be fall into those shills and fuds that would circulate into the market.
Social media influencer knows how to play with our emotions, heck even hackers know the psychology or the nature of people that's why you really don't know that you are being scam at point blank.We have seen this thousands of times in crypto and god knows how many times in fiat world as well, people are way too greedy about things. That is why I think it is quite important to realize that we need to make a profit based on numbers and stats and not what some people say, people can say whatever they want but nobody can predict the market, only the numbers can speak about what the market is doing and that is what you should be trading for, that way at least you could profit a bit better.
March 11, 2021, 06:20:20 AM
When it comes to emotion then you should stood strong because if you are just too fragile when it comes to emotion handling then most likely you would really be fall into those shills and fuds that would circulate into the market.
Social media influencer knows how to play with our emotions, heck even hackers know the psychology or the nature of people that's why you really don't know that you are being scam at point blank.
You should examine and be observant on what are the things that might happen and use it into your future investment or trading decisions.
This is how you fight them off, look at every angle of things, not just when you see $$$ you will readily invest. Everyone should use our common sense, its not that hard, you just need to be grounded all the time.
March 11, 2021, 05:51:43 AM
they are flooding the social media with coins that they want people to buy but i dont get carried away when they see it but i feel irritated because they are spamming my wall .
they arent helping me to cope up my stress that i had after a whole day of working because i use social media to get entertained .
last night when i open tiktok i saw a few content about btc but this dont make me mad because man that was btc and i can get benefit with that advertisement they do because i already have a btc .
they arent helping me to cope up my stress that i had after a whole day of working because i use social media to get entertained .
last night when i open tiktok i saw a few content about btc but this dont make me mad because man that was btc and i can get benefit with that advertisement they do because i already have a btc .
March 10, 2021, 04:13:41 PM
Those articles will not be effective unless it is from a social media influencer or celebrity even though they are not connected to cryptos it may affect the prices for a while.But people who are having experience in trading pays more attention to their analysis than watching those articles on news outlets.
We can't deny the fact that crypto market is highly manipulated so we need to learn how to survive them and make something out of them if possible.
We can't deny the fact that crypto market is highly manipulated so we need to learn how to survive them and make something out of them if possible.
One of the common mistakes of crypto traders who use social media these days is that they allow social media influencers to manipulate the market by following their posts and tweets. We shouldn't listen to them since most of them are just manipulating the market for their own benefit. We should be wise and just follow those who could influence people to invest in a good coin not just for their own motive.
It is obvious that those that are out there in social media telling you what coin to buy do so because they have already invested in that coin and they are expecting some other people to come to that market, buy the coin, make its price rise and benefit out of you when they sell their coins and they crash the market, but for some reason people never think of this, which is why we see so many traders losing their money relatively quickly when they invest on those coins.
March 10, 2021, 02:34:58 PM
Emotions become weak points, some of which cannot be overcome by even a professional trader. If it's too fragile and doesn't have a strategy of its own then it falls into the trap of the shillers and some of the fudders.
Social media is an important fundamentals besides doing technical analysis, because the fundamentals will be the same as some technical predictions made.
Like DOGE, which Elon Musk continues to promote. It's really the power of social media and with the unquestioned influence of Elon Musk.
You wont really be called professional if you do still stuck into this kind of common mistake or emotional error even though getting rid of it isnt going to be 100% but somewhatSocial media is an important fundamentals besides doing technical analysis, because the fundamentals will be the same as some technical predictions made.
Like DOGE, which Elon Musk continues to promote. It's really the power of social media and with the unquestioned influence of Elon Musk.
it can really be lessen or handled out once you do gain up experience.It is hard because someone could only handle things up if he does already know on how market do works.
When everything he had able to see or grasp on on what would happen if he had reacted out of these shills and vibes that circulating in the market.You shouldnt let yourself
get dragged along with it because most of the time this is just false sentiment which would only lead for you to make bad decisions.
March 10, 2021, 01:18:09 PM
If it is possible to control one's emotions then it will be possible to deal with the situation. You need to know the updated information about where the market is going and how it is being managed you have to try to understand the market from your own experience by relying on others social media started as an alternative genre but as it is evolving as an alternative medium here is given both good and bad information. You need to gain knowledge from good information most of the information is now available on social media.
It is not about controlling emotions, after a while you stop feeling anything when you see stuff like this. Like let's say that you see some social media trends, I have seen AVAX for example trending at the top yesterday, what happened? It was decent but didn't really skyrocketed anywhere and I kinda knew that already, I know that nothing big would happen.There is this huge hype population that keeps pumping each other up, some people write about something and then others join and it grows bigger and bigger constantly, and that is why people think that it should go up, they believe that since there is thousands upon thousands of tweets about a coin that coin should go up, but you have to buy a lot of it to make it go up, hence that is why there is really nothing that would matter, in the end we are going to see those same people complain about "unfair" situations since "everyone" likes that coin from what they see from the tweets but the price is around the same.
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