Topic: Caution: Don't get carried away by social media vibes while trading - page 4. (Read 613 times)

I am saying those PR stunts about marketing but in trading's aspect, you're right. You get to hear and read the news and you're the one who choose what to do with it.
If you can see that you can take advantage of it as a buying or selling signal, you can do it as if that is your strategy.

I don't trade without reading the news since it's like doing something without knowing on what's happening in the world that's why I always look for that news since it gives us a hint that there is a incoming hype or fud. The one we make sure there is we don't hope for more since if we look for more profits it might possibly end up a more losses to us once the hyped gone.

If you are a trader, this kind of activity may profitable to you BUT risky too.
I already tried this before, it's like "go with the flow", even you are late, but it's up to you how you define late with this kind of activity, but most of my entry before was all profitable, entered at pullback then I am sticking with my goal or price target, profit is already a profit.
Some also are taking advantage of this activity by betting against it, like maybe after some huge price action, they are betting against it, to drop if you are against on the pump, vice versa with bullish if is dumping.

I agree that it is possible to succeed in business by applying your own wisdom to the advice of others. The risk is low and there is no need to consult others if the market can be analyzed properly this will make it easier for you to get the idea of ​​the right signal for your business through the latest updated information about the market. Newcomers rely on social media most of the time so they can't survive in the market for very long. Social media is subconsciously making our minds more judgmental day after day the use of social media over a long period of time gradually reduces the ability to concentrate.

You failed to include Youtube as well. There are a lot of so called experts traders there and pretend that they know all and will just shill for their coins. And obviously these people don't know what they are doing and just giving random advise to all noobs.

And then someone are going to fall for their trick, start investing on the coins they shill and the result? Total disaster for beginners. Hard and very expensive lessons for them to learn. Used our common sense, study the market, spend more time in crypto sphere if you really wanted to make huge profit by yourself and without this social media influencers.

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.

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.

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.

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.

What the Big traders do is that, they buy a stock while it is very low. Then they starts rumour mill encouraging all to invest in that particular stock as they predict hugh profit from it. So naturally, traders start buying these stocks with an intention of making hugh profit. As a result, since there is maximum purchase, the price of the stock shoots high.

When the Big traders as satisfied with the profit they have incurred from the stock, they dump their stock, which ultimately reduces the value of stock to a minimum.

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.

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.

So fellows, invest while the price is at its lowest and dump the stock when you attain a profit.

Viketo Sumi (Armani123)