Caution: Don't get carried away by social media vibes while trading - page 3.

Quidat

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Quote from: DarkDays on March 05, 2021, 11:56:08 AM

Quote from: doctor877 on March 05, 2021, 07:44:47 AM

the best form of trading or investment is to buy low and sell high. what some influencers cause is to buy and the drop the signal for people to buy and they also take profits before everyone. thats why its not good to FOMO, and dont invest what you cant afford to lose. and also try to learn trading yourself, study the market, discover potential coins andfollow them up.

Following influencers is not a bad idea to track market movements but you have to be super quick as these things happen and end within seconds. We have all seen how Elon's tweets got people in/out of DOGE several times.

It is risky but can be manipulated in by the influencer and others that can splash big. If you don't have the courage, then don't do it, you'll most likely lose your money.

You are right! This is just a matter of risk taking decision neither on someone who could afford to take up some steps for them to potentially able to earn or would miss out an opportunity.
Lots have discourage about shills and fuds about sentiments came from popular people/company on not to make any action if they wont want to lose money but we cant deny
that this is also a scenario on where people could also make use of this one to make money.It do just matte on how fast you do react neither you do go inside or out in the market.

LUCKMCFLY

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Social networks have their advantages, but it would have been through social networks we would not have found out that Elon Musk made that massive purchase of Bitcoin, and perhaps many would not have bought as they did and so much was the impact that Bitcoin reached a new ATH Sometimes social networks travel faster than the same news, you just have to know what information we should take and which we should discard.

Both FUD and FOMO we will find, it is in our reason and analysis to believe and use for our benefit.

Ridwan Fauzi

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There are so many false information especially when crypto currency price are increasing or decreasing a lot (volatile). The information will be more sensitive when came at these situation.

So, this is the important part when you decide to trade. I mean, trading strategy is not fundamental analyst only. Even, if you are day trader and use fundamental analyst as your benchmark, then you are willing to lose.

But, I'll be agree if you do day trade and use technical analyst is the main factor you predict the movement price. You will find the movement price base on the chart and then you will match with some information that spread.

DarkDays

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Quote from: doctor877 on March 05, 2021, 07:44:47 AM

the best form of trading or investment is to buy low and sell high. what some influencers cause is to buy and the drop the signal for people to buy and they also take profits before everyone. thats why its not good to FOMO, and dont invest what you cant afford to lose. and also try to learn trading yourself, study the market, discover potential coins andfollow them up.

Following influencers is not a bad idea to track market movements but you have to be super quick as these things happen and end within seconds. We have all seen how Elon's tweets got people in/out of DOGE several times.

It is risky but can be manipulated in by the influencer and others that can splash big. If you don't have the courage, then don't do it, you'll most likely lose your money.

conected

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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.

- Sharing information on social networks from some people just comes from a kindness, sometimes they don't want to target the psychology of investors, they just want to give warnings, helping others to be careful in their actions and decisions but unfortunately, unstable sentiment is often a common weakness, and investors often trust those who have influence in community groups. Be feverishly watching other people's thoughts and forgetting themselves but at least, such a mistake won't appear for the second time, making no mistake just makes us arrogant about ourselves

doctor877

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the best form of trading or investment is to buy low and sell high. what some influencers cause is to buy and the drop the signal for people to buy and they also take profits before everyone. thats why its not good to FOMO, and dont invest what you cant afford to lose. and also try to learn trading yourself, study the market, discover potential coins andfollow them up.

bitzizzix

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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.

tygeade

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Quote from: seoincorporation on March 03, 2021, 07:59:19 PM

Socialmedia is one of the most important source of information, channels like 'The whale club' show us when big amount of coins has been spent. And this kind of feedback help us to take a smart decision. But we must be careful with all the other messages to find because if we trust in anyone we could make big mistakes.

So, is important to be smart and ride the right waves when we talk about social media.

To put it into simple words, it is important to understand and read everything that is posted about crypto and what's happening in the market but it is even more important to understand what is actually useful to us and what is being posted out of context.

I never trust any news instead I see them as data and analyze what's useful. It's very similar to how gamblers see predictions, you cannot trust them because everyone has their own opinions but knowing everyone's opinion is also important because it helps you read the game in a better manner. Consider every social media post as data and just use what is beneficial, let everything else slip and make sure it's not impacting your decision making.

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Quote from: Ryker1 on March 04, 2021, 06:53:06 PM

Quote from: Stedsm on March 04, 2021, 06:24:31 PM

@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.

That's the good thing here in crypto market. No sole investor can have the major influence in the market as the distribution is not focused in one or two persons. Even the popular name of Elon Musk, if you are new into crypto, better not follow what he is suggesting as you may end up badly, being the small time investor here. Learn the ropes in crypto market and follow your instincts.

Ryker1

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Quote from: Stedsm on March 04, 2021, 06:24:31 PM

@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.

Stedsm

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@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.

crzy

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Quote from: seoincorporation on March 03, 2021, 07:59:19 PM

Socialmedia is one of the most important source of information, channels like 'The whale club' show us when big amount of coins has been spent. And this kind of feedback help us to take a smart decision. But we must be careful with all the other messages to find because if we trust in anyone we could make big mistakes.

So, is important to be smart and ride the right waves when we talk about social media.

That can also be a place to spread FUD and HYPE which can affect you if you follow those advices. Yes, we need information about specific project but we must have our own way of analyzing the project to confirm if this is just a hype or a fud. Investing must be based on your own analysis, socialmedia is not a great source of that one and you should not based your decision on socialmedia post, always do your best and don’t get hype by anyone.

Theb

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Misinformation will be a lot when it comes to posts/messages being created by other users as usually what you will see is either with biased or just a false information created by these users to hype people up. The good thing about this is you always have a chance to do your own research (DYOR) if what they are saying is true or at least useful to your trading plan. This is literally what separates you from the rest of the herd since most of them will just scroll and read these posts and just do a decision believing it right away which may lead you losing some profit or wasting a good opportunity. That is why after you read something you must find out if it is true or it checks out with what others are saying.

Sinjokubhi

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Sinjokubhi

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

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

You said it right that those articles that highlight particular crypto are obviously doing it for marketing. If they are not part of the team, then they're doing some affiliated marketing which they'll attach a referral link that will be used by them to take a commission if one of their readers decided to buy in that sale. Shilling, marketing, PR, and other terms that you call it, just be a responsible investor and always use several references as you research before investing.

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.

Even though the news can benefit you, don't believe the news too easily. Because as he said, it could be the act of a manipulator, stick to the decisions you make. Because the source in order to know the development of our assets can not only be seen from the news, there are still other ways to see the progress. On the chart that is already available, if we can analyze it through the chart, we can find out how the future development of assets will move towards profit or loss. We have also provided a stop loss feature to anticipate the impact of a bigger loss, so take advantage of this feature. But if we have trouble reading the chart, there are times when we hold it for a while, if we think our asset will decline, immediately sell it. Because we don't know yet and haven't predicted the price will go up or down again. So it's better for us to sell it at the current profit, rather than waiting for an uncertain profit to come.

seoincorporation

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Socialmedia is one of the most important source of information, channels like 'The whale club' show us when big amount of coins has been spent. And this kind of feedback help us to take a smart decision. But we must be careful with all the other messages to find because if we trust in anyone we could make big mistakes.

So, is important to be smart and ride the right waves when we talk about social media.

milewilda

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One of the most common problem by traders specially the noobs but doesnt mean it will exempt even those veteran or who do trade for a while now.
Dont really let yourself fall into those hands of influencers or shillers out there.It will surely greatly affect your decisioning towards your investment
if you do let them for you to believe about their calls.Stood strong on your own and dont really get influenced because if you do and the market
did really dump instead of gaining then you would surely be blaming them off and that would really be an unsatisfying feeling.

barbara44

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It is right that social media and articles published in most of the blogs are nothing but made to spread FUD and make people react in a particular manner which benefits big companies ultimately.

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

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.

Yes, because they got carried away with the social media discussions and what others thought. There are big IT centers made just to brain wash people through these social media posts and unless we use our own mental, they are just too powerful and easily manipulate us.

Earlier I used to follow what's happening in market and check articles when for example a dump is happening and it seemed like that's the end of bitcoins but now with time I have learned that these so called analyst are nothing but paid authors who will just publish articles for money.

buwaytress

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Or, just do get carried away with it and allow the inorganic nature of hype cycles to organically grow and die down, the way we want them to =D

If bubbles don't grow and burst, how else are the patient normies like me going to make our entrance happily to pick up all the discarded cheap coins?

Tweet it, Retweet it, reddit it and whatever. Flood TikTok. Nothing changes for most of us here just sitting on Bitcoin.

Taskford

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Quote from: hugeblack on February 26, 2021, 04:40:57 AM

The words are easy, but the application is difficult.
Whenever you determine that the price of the stock or cryptocurrency is low, for example, Bitcoin is currently $ 45,000.

Following how the price interacts is what determines the low price, but at this point you must believe that the currency will rise because many altcoins are pumping and dumping models and may not rise at all again.

It's difficult for the user who always caught by FOMO's but for experience guys they make those news as their basis to find what is currently hit on the market and trade them since profitable in a short while.

People should now that this is how the fuds work that's why if they want to trade those coins highlighted on the news they should assure to theirselves that they will never get hyped and think about holding for long term purposes since they might bag hold or lose their money.

hugeblack

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The words are easy, but the application is difficult.
Whenever you determine that the price of the stock or cryptocurrency is low, for example, Bitcoin is currently $ 45,000.

Following how the price interacts is what determines the low price, but at this point you must believe that the currency will rise because many altcoins are pumping and dumping models and may not rise at all again.

Topic: Caution: Don't get carried away by social media vibes while trading - page 3. (Read 549 times)