Coin/Token Shilling, Is it really that bad?

Pffrt

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Quote from: motun01 on July 13, 2019, 06:19:41 PM

Shilling Is a vital marketing action done to draw in new investors to your project utilizing the green candles as pointers. Indeed, even a significant number of us here by implication shill bitcoin on the grounds that we adore and put stock in the crypto project and accept that extension will accompany adoption.
Shilling may not be bolstered but rather its a typical event in cryptocurrency.

But it should not be because shilling mislead and misdirect the investors specially newbies who don't know anything at all about the market, as a result they lost huge money and market as well get unpredictable.

Gabmot

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Well, shilling have been considered a crime, but just like you said, if a coin is been shilled, we shouldn't get pissed off right away, but can take time out to research more in-depth to bring out which is the truth.

darewaller

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A fast player would not completely ignore or condemn the group that is shilling the coin, if I don’t have any investment in the coin yet, and I see that there is a possibility of them succeeding in creating the pump for it, what I just do is to quickly invest in the coin, and then join them in shilling the coin.

I did not come to the crypto currency to look or sell groundnut, I came to the cryptocurrency industry to make some money to meet up my needs and have some little investment, so whatever way I can make money legally through crypto, I would surely support it, I know many people will quote that aspect of legality, I don’t think shilling is scam, it is just some players being smart in making money LOLO. Anyone that sees it as bad can give reason why please?

fortunecrypto

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Quote from: Bttzed03 on July 08, 2019, 08:19:32 AM

We have already seen in the past that some influencers have used this method already to pump their bags then dump to their followers that is why when we see/read someone shilling a coin or token, the usual reaction for most of us is to avoid it. But what if what's being shilled is also one of your bags? Would you say that it is bad and people should avoid it? I guess not.

I think many of the top cryptos today (even bitcoin) has been shilled at some point. This makes shilling not necessarily a bad thing. So what should be done when we see a coin/token being shilled? You can either ignore or dig deeper and see what makes it unique (and profitable).

Opinions?

Everyone one time or another have shilled their favorite coins, especially if there is a thread that asks you what coins are you supporting or what coins have a good potential in the market, the shilling is not that bad at all provided that it is backed by a good product and platform and it is trading in a good exchange and volumes are always high.

Golftech

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Quote from: ishirut009 on July 21, 2019, 09:21:18 AM

Quote from: Bttzed03 on July 08, 2019, 08:19:32 AM

We have already seen in the past that some influencers have used this method already to pump their bags then dump to their followers that is why when we see/read someone shilling a coin or token, the usual reaction for most of us is to avoid it. But what if what's being shilled is also one of your bags? Would you say that it is bad and people should avoid it? I guess not.

I think many of the top cryptos today (even bitcoin) has been shilled at some point. This makes shilling not necessarily a bad thing. So what should be done when we see a coin/token being shilled? You can either ignore or dig deeper and see what makes it unique (and profitable).

Opinions?

we cannot say that you can't create money doing that pump and dump schemes but it is way very very risky specially for people who's just getting their feet wet in the crypto space. One can really create massive amount of mon ey doing it. But just like what they say, great reward comes with greater risk.

With taking the big risk for doing the same thing it can be rewarding but if you are not really good doing it you also needs to accept the accompanied risk can really be damageable to your investment, those who's doing such things and gaining success are people who understand the drill and willing to embrace whatever the results can be.

ishirut009

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Quote from: Bttzed03 on July 08, 2019, 08:19:32 AM

We have already seen in the past that some influencers have used this method already to pump their bags then dump to their followers that is why when we see/read someone shilling a coin or token, the usual reaction for most of us is to avoid it. But what if what's being shilled is also one of your bags? Would you say that it is bad and people should avoid it? I guess not.

I think many of the top cryptos today (even bitcoin) has been shilled at some point. This makes shilling not necessarily a bad thing. So what should be done when we see a coin/token being shilled? You can either ignore or dig deeper and see what makes it unique (and profitable).

Opinions?

we cannot say that you can't create money doing that pump and dump schemes but it is way very very risky specially for people who's just getting their feet wet in the crypto space. One can really create massive amount of mon ey doing it. But just like what they say, great reward comes with greater risk.

bitgolden

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Quote from: setialovers on July 17, 2019, 08:11:34 PM

Quote from: Bttzed03 on July 08, 2019, 08:19:32 AM

We have already seen in the past that some influencers have used this method already to pump their bags then dump to their followers that is why when we see/read someone shilling a coin or token, the usual reaction for most of us is to avoid it. But what if what's being shilled is also one of your bags? Would you say that it is bad and people should avoid it? I guess not.

I think many of the top cryptos today (even bitcoin) has been shilled at some point. This makes shilling not necessarily a bad thing. So what should be done when we see a coin/token being shilled? You can either ignore or dig deeper and see what makes it unique (and profitable).

Opinions?

Many people on social media with many followers always seem to endorse several altcoins. Maybe this is good but it can also be bad because not all followers understand about the altcoin that endorsed. If these influencers do that without payment and only give perspective to their followers it might be good

Most influencers that you see are just after the money too, they are paid to shill projects and does not care about their followers provided they get their money, and this followers too will just blindly take part in the project too without making any research, that is why we can still assist them from our own part to keep reminding them to carefully choose projects they pick interest in by doing some research on them.

People should not just follow such influencer’s word, but further do research, if any influencer really cares about his or her followers, they can still be smart in playing the game by still advising their follows to make research, just like tobaccos would warn that smokers are liable to die young even when they are advertising their cigarette. They can just employ this method too.

SMOKEU

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coin/token shilling is not bad at sometimes, specially when you have it Grin

but if the coin is just new then research more about the project and if you're contented/convinced then must invest and just take profit when its enough for you.

103deltafox

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I would say Shilling is an order of the day in crypto space, it is so frequent, so it shouldn't be an issue, once you see such, you don't need to FOMO in. All you need do is to carry out your research to really know if the coin in question is worth your resources.

setialovers

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Quote from: Bttzed03 on July 08, 2019, 08:19:32 AM

We have already seen in the past that some influencers have used this method already to pump their bags then dump to their followers that is why when we see/read someone shilling a coin or token, the usual reaction for most of us is to avoid it. But what if what's being shilled is also one of your bags? Would you say that it is bad and people should avoid it? I guess not.

I think many of the top cryptos today (even bitcoin) has been shilled at some point. This makes shilling not necessarily a bad thing. So what should be done when we see a coin/token being shilled? You can either ignore or dig deeper and see what makes it unique (and profitable).

Opinions?

Many people on social media with many followers always seem to endorse several altcoins. Maybe this is good but it can also be bad because not all followers understand about the altcoin that endorsed. If these influencers do that without payment and only give perspective to their followers it might be good

Baofeng

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Quote from: Bttzed03 on July 08, 2019, 08:19:32 AM

We have already seen in the past that some influencers have used this method already to pump their bags then dump to their followers that is why when we see/read someone shilling a coin or token, the usual reaction for most of us is to avoid it. But what if what's being shilled is also one of your bags? Would you say that it is bad and people should avoid it? I guess not.

Of course, you are a holder so obviously you won't say bad things about that coin.

Quote from: Bttzed03 on July 08, 2019, 08:19:32 AM

I think many of the top cryptos today (even bitcoin) has been shilled at some point. This makes shilling not necessarily a bad thing. So what should be done when we see a coin/token being shilled? You can either ignore or dig deeper and see what makes it unique (and profitable).

Opinions?

The thing is that most coins that are being shilled million times doesn't have the fundamentals. That's why they just resorted to some shilling around that community. And we can smell a far if the coins being shilled are shitcoin or not. Probably need ignored it though, but if you research and it's just a total definition of shitcoin then we should stay away.

FanEagle

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Depends on how you shill it, all coins needs some shilling and everyone should be proud of the coin they are supporting but if you are doing bad shilling then you are hurting the coin you support more than helping them. If you open a topic stating "this coin is by far the best and will be bigger than bitcoin" then nobody will take you seriously, no coin will ever be bigger than bitcoin and its only a lie you tell to yourself if you really believe it.

However, if you support it like "this coins blockchain does something no other blockchain does" and talk about the unique way that coin separates itself from all other coins then you can actually get people to listen to you. Do your shilling professionally and get good replies and maybe new users, do it bad and you will put people off from the coin you like.

imstillthebest

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Quote from: aioc on July 14, 2019, 07:52:22 AM

Shilling can be disguised as lies or facts, we have to differentiate between the two, there are people shilling some coins, it's because the token really has potential in the market but lacks marketing

there are also coins or project that arent really promising but the owner will do anything in order to promote it , they sometimes hire a manager to run a campaign on promoting his project/coin and we btt users are the ones that promote it but this does not mean that we all users are shilling it . most of us are only silent about what we are promoting . the signatures that being displayed on our account/profile are doing the job

aioc

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Shilling can be disguised as lies or facts, we have to differentiate between the two, there are people shilling some coins, it's because the token really has potential in the market but lacks marketing and some are shilling a particular coin because they are bag holders of that coin you really have to do your own research.

Rengga Jati

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Most altcoins today experience shilling and dropping after the dropped value of BTC. However it is normal and I think that actually altcoin prices a=have been increasing, but they now drop in a certain amount. Well, this is kind of blundering condition. However, I personally agree that this is not the season of altcoins and they will grow again someday.

sandra_x

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The problem with shilling is that it tends to promote with the goal of enriching a few bag holders at the expense of others, it often ignores the usefulness (if any) of the coin. No value proposition, more of deception.

nanaimogold

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Quote from: Bttzed03 on July 08, 2019, 08:19:32 AM

We have already seen in the past that some influencers have used this method already to pump their bags then dump to their followers that is why when we see/read someone shilling a coin or token, the usual reaction for most of us is to avoid it. But what if what's being shilled is also one of your bags? Would you say that it is bad and people should avoid it? I guess not.

I think many of the top cryptos today (even bitcoin) has been shilled at some point. This makes shilling not necessarily a bad thing. So what should be done when we see a coin/token being shilled? You can either ignore or dig deeper and see what makes it unique (and profitable).

Opinions?

It might be considered bad because it sways individuals especially newbies to fomo into a coin they might not have prepared to venture into but then almost everyone in cryptocurrency does this indirectly. Including the big coin CEOs

motun01

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Shilling Is a vital marketing action done to draw in new investors to your project utilizing the green candles as pointers. Indeed, even a significant number of us here by implication shill bitcoin on the grounds that we adore and put stock in the crypto project and accept that extension will accompany adoption.
Shilling may not be bolstered but rather its a typical event in cryptocurrency.

tins

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That's one of the ways to fomo a coin, the previous example I saw on chatbot of bcc-e (dead), many people commented that some altcoin on exchange will increase. Naturally, many people will buy them and of course the coin will increase in price.

michellee

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We need to sell the coin when it reached the high price so we can also get the profit like them. We don't have to afraid with them because as long as we know the right them to act, we can make the profit too. But we cannot always get in the right time and only prepare for the worst thing that we can do now.

irixo10

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Everyone is after what he wants, most people shilling coins might be victims of dump and when they see the opportunity they won't hesitate to shill so as to recover. On the other hand also, when a project gets listed, most people will shill so as increase the price then dumping too. So when one looks at shilling, to an extent it is bad and to an extent it isn't as everyone has his own reason for shilling which can still be justified. The only way out to studying the project to know if it's worth it.

rdewilde

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I agree with your last paragraph. When a project is shilled instead of informing completely we can take out time and know what actually happened or why the shilling is taking place. Also, if it is one of our bags, of course we will join so as to dump on the available person just as we were dumped on in the first place.
So it all means that, in all cases make your research and be safe.

JeffBrad12

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Coin shilling will give an impact as a suggestion but when you have been deciding to invest based on your research and it has a little chance to affect your decision. It's not that really bad at all. Some times there are persons who are shilling for good coin like major or bitcoin too.

olabiyijummy02

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Coin shilling is very bad and can lead to huge losses. I committed an error like when I just begun investing in ICOs that was shilled by influencers. I was an enormous devotee of ian balina and I pursued his lead to invest some Eth in sparkster. That ended up being my most exceedingly terrible investment ever, it had the most exceedingly awful group any project could have, the tokens were bolted for over a year and when it was discharged it lost over 90% of its incentive on the main day.

CoinsOrDie

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Quote from: Bttzed03 on July 08, 2019, 08:19:32 AM

We have already seen in the past that some influencers have used this method already to pump their bags then dump to their followers that is why when we see/read someone shilling a coin or token, the usual reaction for most of us is to avoid it. But what if what's being shilled is also one of your bags? Would you say that it is bad and people should avoid it? I guess not.

I think many of the top cryptos today (even bitcoin) has been shilled at some point. This makes shilling not necessarily a bad thing. So what should be done when we see a coin/token being shilled? You can either ignore or dig deeper and see what makes it unique (and profitable).

Opinions?

Shilling may not be supported but its a common occurrence in cryptocurrency. Even top CEOs like Justin Sun and CZ directly and indirectly shill there's coins to investors. Its a necessary evil employed to attract new investors to your project using the green candles as indicators. Even many of us here indirectly shill bitcoin because we love and believe in the crypto project and believe that expansion will come with adoption

timmmers

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Here shilling is not supported and you will probably receive negative trust. Only what you can shill here is Bitcoin, thats why this forum is called Bitcointalk. Cheesy

odukoyaewatomi27

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I personally don't blame influencers or analysts that shill coins and tokens for their followers but I blame the followers for blindly following it. It shows they are lazy and unwilling to do their research. If someone try to shill a coin for you, do your research before you commit to buying it.

ashmodeus

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for god sake,
how u can ignoring it,when ur asset going die ?
even me, hard to sleep because it.
but well, since we are trader, we must prepare for it.

for me , i try to trade it when the dump coming.

Reid

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It will never stop. It is the nature of the financial market. Taking something down to bring something up.
A new one should be on top and the old one should be buried.

It is just that they cannot take bitcoin down since the features of it are still better than the new ones who are just copying it.
The privacy is still there which you could not see with others anymore.
Another is even when there is no one leading it, it just moves by itself in value and to serve something better.

If that could be seen on the coin or token that is in your bag then, should you worry about the shills?

mindrust

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It gives you an idea about the project.

If is being overdone, the impression I get about the coin is usually negative. Nano for example, It is being shilled heavily on reddit and now whenever I hear nano or banano I just want to puke. Same goes to xrp and iota too but luckily they have slowed down the level of shilling lately which is good.

wywoc

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Right. All have shilling, more or less. The news you read daily is released for many purposes. So the most important thing is still your understanding of the project, as well as consider if the project has many people interested.

Kevlar

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Quote from: Bttzed03 on July 08, 2019, 08:19:32 AM

We have already seen in the past that some influencers have used this method already to pump their bags then dump to their followers that is why when we see/read someone shilling a coin or token, the usual reaction for most of us is to avoid it. But what if what's being shilled is also one of your bags? Would you say that it is bad and people should avoid it? I guess not.

I think many of the top cryptos today (even bitcoin) has been shilled at some point. This makes shilling not necessarily a bad thing. So what should be done when we see a coin/token being shilled? You can either ignore or dig deeper and see what makes it unique (and profitable).

Opinions?

I believe that every person is trying to promote those technologies in which he believes himself and which he likes. Of course, he has tokens of such a project and he is financially interested, because the faith in the project must be supported by money! Therefore, you should always analyze your own projects.

bigcash2011

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Shilling is just like a marketing tacting but spamming the posts especially with links is very bad, i have seen even senior team members shilling their coins both directly and indirectly but that does not mean we should invest blindly in the coin being shilled still we need to check every aspect of the project before investing.

crwth

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Everyone has tried to shill something that they believe is going to work, and I think someone that tried a bounty could be considered with that. Think about it; people getting paid to share their information or basically preach about a particular coin or a project. It isn't necessarily bad, but it can be knowing that a project could be a scam or not.

In the end, it's still the individual’s responsibility to research that particular project, and hopefully, it would be legitimate. Right now, I doubt there would be a gem within all the projects coming out.

laskybok

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Most of the times, those who shill coins or tokens play on the ignorance of noob, which is most times common in the crypto space.
Can you still remember the bull run era? Most of those who lost during the bear market and after which the bull ended, were ignorant of happened wings in the crypto space.
Well, I will not engage in propagating or shilling coins around, because it will look like setting trap for others. Instead, I keep watch at the exchange(s) regularly or better still CMC for an opportunity to sell high and sometimes, I just set my desired price on exchange and leave it there.

tycsols

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To be honest im against the intential pump and dump schemes and groups but if the project is good and team is pro active they can always have a positive marketing strategy where they can post about every positive event and try to promote their project by keeping everyone updated regularly. I think this is way better strategy than shilling and spamming new coins that may put negative impact on coin trust.

Bttzed03

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Quote from: Flux0z on July 08, 2019, 08:31:57 AM

But as always, if you blindly buy whatever you see marketed, you'll lose a lot of money (potentially).

Well said. I've seen a lot of people fell for this back in 2017. Perhaps greed comes to play in these kind of situations also.

Quote from: ?? on ??

The most famous shiller in cryptocurrency world is John McAfee, we know it. But imagine if it's not him, but someone else said the same words as he did, would we call it "shilling"?

I don't know. Maybe. There are many crypto personalities on twitter also who does the same thing.

Flux0z

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Always Do Your Own Research.
Shilling is everywhere, and a ton of people ignore coins just due to seeing it mentioned on a forum, or somewhere else.
I've profitted huge from shilled coins, because they actually had something to offer (Sure hype had a lot to do with it as well).

But as always, if you blindly buy whatever you see marketed, you'll lose a lot of money (potentially).
I don't see nothing wrong with shilling, as long as it's informative, and not like "You're a fucking IDIOT if you don't buy this RIGHT now" - type of shilling.

Bttzed03

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https://bitcoincleanup.com/

We have already seen in the past that some influencers have used this method already to pump their bags then dump to their followers that is why when we see/read someone shilling a coin or token, the usual reaction for most of us is to avoid it. But what if what's being shilled is also one of your bags? Would you say that it is bad and people should avoid it? I guess not.

I think many of the top cryptos today (even bitcoin) has been shilled at some point. This makes shilling not necessarily a bad thing. So what should be done when we see a coin/token being shilled? You can either ignore or dig deeper and see what makes it unique (and profitable).

Opinions?

Topic: Coin/Token Shilling, Is it really that bad? (Read 546 times)