Topic: Coinmamba's saddest action but it is lesson for beginners (Read 120 times)
6. In the context of the poor dude(Sandeep Jadeja): With bitcoin or crypto or any investment in general, never make decisions based on the decisions of a social media personality or "influencer". Always do your own research and make your decisions yourself. This is also one of the reasons why I really don't recommend those copy-trading exchange features.
Never believe a social media influencer! They always have a hidden agenda and most of the time it is money. There is no proof that he sold is SOL tokens, this can be a strategy to pump SOL more. SOLANO is a good project whatever that comes out from their social media handles should be bought not from some Twitter influencer.
You should always know your profit mark before selling your assets. It is absolutely not compulsory to always HODL cause if every start doing that then the market will crash.
You should always know your profit mark before selling your assets. It is absolutely not compulsory to always HODL cause if every start doing that then the market will crash.
The real lesson here is to stay away from crypto influencers, bloggers, analysts and all other self-proclaimed experts who peddle altcoins, because that's how you get FOMO by looking at their posts about moonshots, go to exchange to buy "promising" shitcoins and see them go to zero sooner or later. Yes, there are a lot of stories about alts going from fractions of a penny to dozens of dollars, but there's even more examples of alts instantly dropping below their initial price when they hit the exchanges and never recover again; and also all these "successful" coins eventually dump to nearly zero too. Look at the top 20 coins from 2013 and where they are now. Just because a coin is crazy high today doesn't mean it will keep growing, chance are it's actually at the height of its pump cycle.
Coinmamba is a well-known Twitter crypto influencer. Most of the time, he shares about trading posts. He is also a top listed trader on Binance.
This description sounds more like he is a 'crypto expert' to me, and I really do not encourage users to follow trading posts or signals from 'experts' like this on social media, I'm not saying all of them are scammers or that they share fake signals, even if most of them actually do, but the thing is, if one constantly copies every single thing this influencers do, they are most likely to make a mistake, lose their funds or even become generally lazy to do their own research, which is pretty bad for an investor/trader.4: Crypto is an unpredictable market. Lots of shit is here, but if you are good, then it is able to make you rich.
Of course, cryptocurrencies can produce great ROI for people and put a fair amount of money in their pockets, but what newcomers really need to know is that, it is not a 'get rich scheme', if they basically only have the thought of getting rich via the network, then they would either make wrong investments or lose their funds to scammers as a result of insufficient knowledge. Now why did I post it? The reason why I am learning from this post:
1: Begging always take time it starts slowly but reach always top.
2: Stay steady with what you grabbed at the beginning, just don't lose hope you will get the best return.
3: Don't panic if you invest in a good project, just stay calm. It might take time, but the return is a must. (Which is a mistake I also made in my beginning and all those projects are now on top.)
4: Crypto is an unpredictable market. Lots of shit is here, but if you are good, then it is able to make you rich.
So holder win always.[/b]
Not always, the question is what are you holding? How I wish you were around in 2018 to witness how some shitcoins dropped in price to zero value.That's the point.
It is only worth holding something really solid.
I have been holding bitcoin for years, and just started selling some of my stash a few months ago.
I holded a lot of shitcoins since 2017, some went to zero, others spiked up crazy... but the only that I feel really comfortable holding is bitcoin.
I don't think that Coinmamba made a so bad decision as OP is saying. We should never regret to take profits. Just as SOL went to 60, it could have dropped to 0.30. It is impossible to win always, to buy in the lowest dip e and to sell in the highest peak.
Coinmamba could have hold for a few months more and made a lot of money. But none of us have a crystal ball, we can't predict the future. We all should try to avoid being overinvested, so we can make our decisions without our emotions intervening so much. Maybe coinmamba was overinvested in SOL by the time he sold.
What works for others may not work for you, and what works for you might not work for others. Sometimes you may just happen to buy the right coin at the right time and Viola! You get rich a few weeks or months later.
This is why one should never sheepishly follow what people say minus thinking for yourself. When some "influencer' says that he's selling at $3, yoiu shouldn't also just follow what he did without reasoning out for yourself.
This is why one should never sheepishly follow what people say minus thinking for yourself. When some "influencer' says that he's selling at $3, yoiu shouldn't also just follow what he did without reasoning out for yourself.
So holder win always.[/b]
Not always, the question is what are you holding? How I wish you were around in 2018 to witness how some shitcoins dropped in price to zero value. legendary
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Well there's no way to verify his story so I'll just say he's trying to get engagement to his account. You know the more they trend, the more the get followers and the more project approach them for publicity. I don't trust any so called "crypto influencer" and I won't encourage anymore to trust them. Don't be surprised if he has more bags of Solana and just trying to create more fomo with his tweets so noobs buy into the coin and he sells at ATH.
How do you know a project is a good one. Just because a projects gives you profit that doesn't mean it's a good project. This mindset is what is making people to invest blinding into any trends and enriching the founders instead. Everyone invested in a particular altcoins believe they're in the right investment until the coins crashes and can't recover.
Which is exactly why you should just ignore them because they're all distraction. Invest/trade altcoins for fun and not investment vehicle as over time they all lose value compared to Bitcoin meaning you'll be better off holding Bitcoin than any altcoin out there.
Quote
Don't panic if you invest in a good project, just stay calm. It might take time, but the return is a must.
How do you know a project is a good one. Just because a projects gives you profit that doesn't mean it's a good project. This mindset is what is making people to invest blinding into any trends and enriching the founders instead. Everyone invested in a particular altcoins believe they're in the right investment until the coins crashes and can't recover.
Quote
Crypto is an unpredictable market. Lots of shit is here, but if you are good, then it is able to make you rich.
Which is exactly why you should just ignore them because they're all distraction. Invest/trade altcoins for fun and not investment vehicle as over time they all lose value compared to Bitcoin meaning you'll be better off holding Bitcoin than any altcoin out there.
4: Crypto is an unpredictable market. Lots of shit is here,
This is the only part in your post that I agree 100%. The others are case to case basis and most of it works only on a bull market.Quote
That holding is everything.
You will probably change your mind if you experience a market crash and not just the dips that happened in the middle of the year. Some testimonials I've read from even the most altcoin enthusiasts is to learn when to exit. Holding is not everything.
Why am I posting this on the beginners' help category? Because I think it will be the greatest lesson for all beginners.
Coinmamba is a well-known Twitter crypto influencer. Most of the time, he shares about trading posts. He is also a top listed trader on Binance. Today solana coin touch its new ath and price is $60+. After seeing this coinmambe tweet that he sold solana at $3 price. Not only that when he tweeted this some people says they also sold at $3 because of coinmamba. Though we feel he make this tweet for fun.
But the reply was epic. He said he sold 20 BTC at $100 price for a trip. Can you imagine it? It might have been nothing at that time, but now he might have bought a private island.
Now why did I post it? The reason why I am learning from this post:
1: Begging always take time it starts slowly but reach always top.
2: Stay steady with what you grabbed at the beginning, just don't lose hope you will get the best return.
3: Don't panic if you invest in a good project, just stay calm. It might take time, but the return is a must. (Which is a mistake I also made in my beginning and all those projects are now on top.)
4: Crypto is an unpredictable market. Lots of shit is here, but if you are good, then it is able to make you rich.
5: Holding time may be cruetial but when you reach your goal it erase all of your pain what you suffer. So holder win always.
I don't know what you feel and what you get from this but i get some inspiration because i am following coinmamba from Feb. 2020, I saw him to post biggest amount of trading screenshot. Some time profit but sometime lose. That post didn't attract soo much but this post give me something. That holding is everything.
Coinmamba is a well-known Twitter crypto influencer. Most of the time, he shares about trading posts. He is also a top listed trader on Binance. Today solana coin touch its new ath and price is $60+. After seeing this coinmambe tweet that he sold solana at $3 price. Not only that when he tweeted this some people says they also sold at $3 because of coinmamba. Though we feel he make this tweet for fun.
But the reply was epic. He said he sold 20 BTC at $100 price for a trip. Can you imagine it? It might have been nothing at that time, but now he might have bought a private island.
Now why did I post it? The reason why I am learning from this post:
1: Begging always take time it starts slowly but reach always top.
2: Stay steady with what you grabbed at the beginning, just don't lose hope you will get the best return.
3: Don't panic if you invest in a good project, just stay calm. It might take time, but the return is a must. (Which is a mistake I also made in my beginning and all those projects are now on top.)
4: Crypto is an unpredictable market. Lots of shit is here, but if you are good, then it is able to make you rich.
5: Holding time may be cruetial but when you reach your goal it erase all of your pain what you suffer. So holder win always.
I don't know what you feel and what you get from this but i get some inspiration because i am following coinmamba from Feb. 2020, I saw him to post biggest amount of trading screenshot. Some time profit but sometime lose. That post didn't attract soo much but this post give me something. That holding is everything.
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