Caution: Don't get carried away by social media vibes while trading - page 2.

gabbie2010

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Quote from: pawanjain on March 08, 2021, 01:27:42 PM

Quote from: Armani123 on February 23, 2021, 03:57:57 PM

~snip

This is a pure act of pump and dump and it is a well known strategy by big whales to manipulate the market and earn profits out of it.
They create a FOMO in the market and spread the word by signalling groups and social media pages such as reddit, twitter, facebook etc.. and then start selling once their threshold has been met.
But people these days have become aware of such dumps and are less frequent to fall for such FOMOs.

This tricks had been going on checked probably to decieve newbies who might fall for it, I had read and watched all those tricks on YouTube and other social media but I am not moved or carried away by this subtle way of tricking people having read so many articles on how whales tends to manipulate the market to their favor, however as trader I followed my instinct without any input from any signal provider or social media to trigger a trade.

Oceat

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Quote from: Hamphser on March 09, 2021, 07:59:21 PM

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.Sounds easy but this one will really takes time because experience would really be the thing that helps you out to be that emotionally prepared on what are
the probabilities of things that will happen ahead.

You should examine and be observant on what are the things that might happen and use it into your future investment or trading decisions.

Everyone can be fragile as you are there's no exceptions about that but just like what you've said, ones should stay strong and never be carried away with such emotions because it will drive your mind to a state where you have had a hard time to deal with. Just never ever be carried away with emotions when trading, just know the right stuff and do some research if in doubts.

It wouldn't hurt that much if you could just spend a little more time reading and doing some analysis before going in for a trade. And also trading is not that simple as buying then selling especially in this very volatile market. You need to have a plan in advance in order for you to make your trading successful.

You can use the social media as well as if it is your ace when trading and you will definitely see who's affected by the fud and fomo.

AakZaki

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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.

Hamphser

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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.Sounds easy but this one will really takes time because experience would really be the thing that helps you out to be that emotionally prepared on what are
the probabilities of things that will happen ahead.

You should examine and be observant on what are the things that might happen and use it into your future investment or trading decisions.

blockman

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Quote from: Yatsan on March 09, 2021, 10:00:01 AM

You must not get carried away by those articles and news you found in social media and other online platforms but you may at least use those as a basis and keep yourself updated on the current trend so you can keep yourself up on what is the latest happenings because such can have an impact on the flow of the market change which can or cannot be favorable to you. Better be wise on weighing which one to be followed and which one must not be. It is still up to you to be wise on knowing what will be the best thing to do on your trades. You must just be aware of the happenings in your surroundings at all times and keep yourself updated because it can help you out a bit or more.

Very true. Many of them should be followed and can get those info that are going to help you update what's with the market.
But if you happen to know how to distinguish between good and bad articles and posts on social media, you should refrain from reading those obvious ones that will only bring you bad vibes.

Yatsan

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You must not get carried away by those articles and news you found in social media and other online platforms but you may at least use those as a basis and keep yourself updated on the current trend so you can keep yourself up on what is the latest happenings because such can have an impact on the flow of the market change which can or cannot be favorable to you. Better be wise on weighing which one to be followed and which one must not be. It is still up to you to be wise on knowing what will be the best thing to do on your trades. You must just be aware of the happenings in your surroundings at all times and keep yourself updated because it can help you out a bit or more.

pawanjain

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Quote from: Armani123 on February 23, 2021, 03:57:57 PM

~snip

This is a pure act of pump and dump and it is a well known strategy by big whales to manipulate the market and earn profits out of it.
They create a FOMO in the market and spread the word by signalling groups and social media pages such as reddit, twitter, facebook etc.. and then start selling once their threshold has been met.
But people these days have become aware of such dumps and are less frequent to fall for such FOMOs.

Kelvinid

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Quote from: Gozie51 on March 08, 2021, 09:07:48 AM

Quote from: Cling18 on March 08, 2021, 12:53:08 AM

We should be wise and just follow those who could influence people to invest in a good coin not just for their own motive.

The challenge is that most times investors don't follow top coins because of the price. Example bnb coin that went high wasn't really that as people weren't hodling it but trading it until it went this high. Stellar too is of good value but is not being used. This is how opportunities are lost but shit coins are invested on because of cheap publicity on media especially from owners and team faking figures to attract investors.

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.

Social media is very influential to the market, Elon Musk did the tweet, people are to follow then. But if we look at how Doge been promoted by Elon, I see no big change in the price, still below $1. This means that even social media and know personality can't really give a huge influence on the market as the people had already learned from the past.

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Quote from: Cling18 on March 08, 2021, 12:53:08 AM

We should be wise and just follow those who could influence people to invest in a good coin not just for their own motive.

The challenge is that most times investors don't follow top coins because of the price. Example bnb coin that went high wasn't really that as people weren't hodling it but trading it until it went this high. Stellar too is of good value but is not being used. This is how opportunities are lost but shit coins are invested on because of cheap publicity on media especially from owners and team faking figures to attract investors.

Cling18

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Quote from: mersal on February 24, 2021, 12:25:54 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.

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.

blockman

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Quote from: danherbias07 on March 06, 2021, 04:42:37 AM

Correct. But it doesn't always work their way.
These hype attempts also cost them money. They pay for every social media marketing mangers or whatever they are called to bring the hype into a larger scale.
But, there is no assurance it will always click.

It's a strategy with high risk and high capital also.
As a normal person with low income, this techniques won't be possible to accomplish.
Yes, better to just stay away from it.

They're thinking about the possible return and that's much higher than what they've paid for. But we do know that what it's like to be in the crypto market and which projects are worth investing in.
Although there's a strategy that they do, they create bounty and pay people with their stakes through their generated tokens and that's almost costing them nothing for those services rendered.

justdimin

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Quote from: danherbias07 on March 06, 2021, 04:42:37 AM

Correct. But it doesn't always work their way.
These hype attempts also cost them money. They pay for every social media marketing mangers or whatever they are called to bring the hype into a larger scale.
But, there is no assurance it will always click.

It's a strategy with high risk and high capital also.
As a normal person with low income, this techniques won't be possible to accomplish.
Yes, better to just stay away from it.

I do agree that for companies it could be high risk and high capital but it is high potential as well, if it clicks and works you are making a lot more than anyone else which is why it is something that would be perfectly fine and understandable, after all who would be against making money like this if they can? So those people spend a lot of money and take that risk and they try to make that money because it could be life changing.

Social media is a bad place, not just for crypto, it is specially bad when it comes to politics and sports because you can find all kinds of people in twitter and the most hatred filled topics are politics and sports since people have "sides" in those topics, well in finance world and specially in crypto world people are trying to get famous and "sides" here are crypto currencies, one likes tron the other likes eos, some like dot others like bnb whatever and that is why it becomes a bad place for us too.

Hamphser

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Quote from: so98nn on March 06, 2021, 04:23:45 AM

Quote from: Armani123 on February 23, 2021, 03:57:57 PM

Small time traders can also make a hugh profit if they are able to time the market and invest before the market trend shoots up high. But for those who are late and invest at the last moment, buying stocks at stiff price hoping the market would keep on climbing, its a big misfortune.

Thats very important. Timely investment is very important in the crypto currency whether it is related to the social influence or not. In general you have to be alert in the crypto specifically because this market is running 24x7 and unstoppable all the time. This means, anyone can go and invest at anytime. You never know what billionaire would be in the mood to put his billions or millions in the crypto overnight.

So being a small profile trader we have to be alert all the time. The social media is not going anywhere. It is modern way of marketing the stuff. In such case you need to upgrade yourself and keep trading with complete sense of alertness.

You are right and instead on seeing this as a thing to be avoided, then why not on making it use for you to get some advantage on your side?

There are people whom do really love to take up some risk even if they do know that this is clearly an agenda or shill out but still they do able to get in
and get out on the right time before the market crashes up and they had already secure the profits.

It might sounds simple but executing these kind of actions is really hard and cant be done by someone casually.

TedMosby

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youtube and twitter are platforms where the most hyperbolic crypto price prediction presented.
stay away from influencers who only tell you crypto price predictions, next target price, and so on.
however, you may know that the social media vibes lead by some rumors and early information, which is good if you are a speculator who is willing to take the risk for a big win.
legend says that you have to buy the rumors, set your own target, and leave as soon as you reach your target.

Quote from: Armani123 on February 23, 2021, 03:57:57 PM

-snip-

The outcome is that, hugh traders make a hansome profit, while the small time traders are left haplessly holding onto their stock, since they cannot sell at a hugh loss. They have to wait for a long duration hoping to dump their stocks when the market raises its bullish trend, which could take months.

-snip-

try to find a platform that offers you a copy trading feature then. so you can just sit and relax meanwhile the algorithm will copy that big trader for you.

danherbias07

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Correct. But it doesn't always work their way.
These hype attempts also cost them money. They pay for every social media marketing mangers or whatever they are called to bring the hype into a larger scale.
But, there is no assurance it will always click.

It's a strategy with high risk and high capital also.
As a normal person with low income, this techniques won't be possible to accomplish.
Yes, better to just stay away from it.

so98nn

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Quote from: Armani123 on February 23, 2021, 03:57:57 PM

Small time traders can also make a hugh profit if they are able to time the market and invest before the market trend shoots up high. But for those who are late and invest at the last moment, buying stocks at stiff price hoping the market would keep on climbing, its a big misfortune.

Thats very important. Timely investment is very important in the crypto currency whether it is related to the social influence or not. In general you have to be alert in the crypto specifically because this market is running 24x7 and unstoppable all the time. This means, anyone can go and invest at anytime. You never know what billionaire would be in the mood to put his billions or millions in the crypto overnight.

So being a small profile trader we have to be alert all the time. The social media is not going anywhere. It is modern way of marketing the stuff. In such case you need to upgrade yourself and keep trading with complete sense of alertness.

isaac_clarke22

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Quote from: ultrloa on February 24, 2021, 10:25:40 AM

Quote from: tabas on February 23, 2021, 08:34:44 PM

~

But actually you can get an input on what's currently happening in the market and it's great to take advantage with it, just buy the news and once you see some sudden constant changes that might endanger your profit then sell just make sure that you will not end up bag holding. Remember that's how manipulator works that's why we need to be alert so that we can earn by following them.

On spot.
No one can stop these people in social media in saying something. No one can control their words as well so the only control we have in that kind of events is our reaction.
I've been in and out in looking for good thoughts about Bitcoin lately in Facebook but everything that almost everyone said were just FUDs and thankfully I learned first about the basics of trading, pricing , and a bit of technical stuffs about Bitcoin before I managed to encounter these kinds of FUDs.

Kittygalore

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If you know what you are doing you can actually do good with the hype that is surrounding the social media, use that information to formulate your strategy when it comes to trading. There is a sense in what you are advising that anyone shouldn't get carried away by social media but I think that there is a better way of handling things than just completely ignoring it, it is better to be resourceful more than anything else, you will have a higher chance of becoming successful if you are using all the tools that is available.

RealMalatesta

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Quote from: bitzizzix on March 05, 2021, 06:37:50 AM

All the vibes on social media depend on our reactions to judgments informed by social media and so on, and if that's good and it makes sense, I think that's okay.
they only provide information with what they know even though the truth is inaccurate, depending on our intelligence in assessing all of that and whatever the reason, they are not wrong and what is wrong is how we judge and investigate the truth of the information because that is how they earn income by creating YouTube , articles, and so on to get people to open them.

I agree that there is really nothing harmful of social media if you know how to navigate it. I personally do not check it that much but on rare times I do, I know what to look at and where to look at and that is why I never make a move depending on social media.

First of all, I do not make moves depending on anyone, I just like some certain coins and I invest to them and I keep investing into them more and more increasing my position and I have a set price that I will get out and mostly it is on binance where I put on a sell order at that price and that's about it, there is really nothing else that I do and social media can't really change that. Maybe only the part where I pick coins could be changed but it is not really that open to outside world for me, I decide it based on my few filters.

CryptopreneurBrainboss

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Quote from: Armani123 on February 23, 2021, 03:57:57 PM

Fellows, this is a Big Deal.
Don't get carried away by social medias such as Telegram, Twitter, Reddit etc's vibes that has gone viral. These articles prompts user to invest in particular cryptos as they predict that there is going to be a hugh bullish trend. This is purely a marketing stunt from giant traders to make a quick profit from the misfortune and duped small time traders.

It has never been idea to take your investment idea from the internet, the internet make it possible for anyone to claim to be what they wished to be but they're not. A noob can make himself look like a pro and there is no way to doubt his claims because he can create false evidence to back his claims of been successful at investing or trading.

Don't also chase after the hypes as they die down as quickly as they were formed, hype are mostly spread through social media by shillers which are either hired or enthusiast of the project. Never bring social media into your professional trading career, you have to stay away to become a successful trader.

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