Topic: Do not FOMO on newly listed altcoins on Binance - page 3. (Read 784 times)
up coming traders need to learn one thing about crypto; the rich will continue to get richer through you if you dont wise up. Binance already created an impression in the past that any coin listed on their exchange will pump. now that they have successfully achieved that, they are beginning to do otherwise, playing on people's intelligence. this is pure psychology. lol. traders, we've got to wise up
This happens not only on Binance but all of the exchanges who are listing a new altcoin so this is not a new thing already.
I remember the time when I got reward from my previous bounty campaign and I've waited for it to be listed. The initial price has been set already and before the time that it is up already on the exchange, the price of in plummeted already.
The more people who got FOMO on a new listed altcoin, the more traders will be rekt. On the other side, there are some traders who can get a huge profit from this dump and pump if they know the perfect timing to buy and perfect time to sell. Aside from that, those newbies who are FOMO'ing to these shitcoins are getting rekt most of the time.
I remember the time when I got reward from my previous bounty campaign and I've waited for it to be listed. The initial price has been set already and before the time that it is up already on the exchange, the price of in plummeted already.
The more people who got FOMO on a new listed altcoin, the more traders will be rekt. On the other side, there are some traders who can get a huge profit from this dump and pump if they know the perfect timing to buy and perfect time to sell. Aside from that, those newbies who are FOMO'ing to these shitcoins are getting rekt most of the time.
Jumping on this newly listed coins is like gambling either you take profits or losses, You can't really predict but the majority, as you say, is going FOMO, In fact, I have tried that I earned 100%+ profits on LTO but I lose a lot on MBL. I am just going for a quick buck or a quick lose It is just a wild bet. I risk it and it's on me. I guess traders already know their fate on this matter. They try on their own risk and they don't affect us or you.
Recently there have been a craze and buy rush for any coin new listed on Binance but usually turns to a nightmare for those who FOMO too early. $MBL which was listed today because they won vote for community coin dumped from 59 sats to 30 sats within some minutes. This was the case with LTO too. My little advise to traders, (especially newbie traders) is to analyze properly before diving into buying a newly listed coin on Binance especially and other exchanges with such hype. Even if you must do, use tight SL and moreover there is no point chasing a moving train.
Its just a normal thing that price got dumped when it hits exchange for the first time due to its short term investors so nothing new craze here.But I wonder who buy those tokens on the first day itself,a real trader who have the intention of making profits will wait and analyse its market movement at least for a few days before buying them.So noobs grow up and start making money. legendary
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Recently there have been a craze and buy rush for any coin new listed on Binance but usually turns to a nightmare for those who FOMO too early.
Gone are the days when Investors blindly invest in projects based on the recommendation from exchange. Early 2017 when the whole market was bullish that's when this strategy worked perfectly although it was mere gambling as no concrete proof of such strategy been repeated in other market conditions and it'll produce profitable result. The IEO hype also brought back this strategy but it still failed.
Exchange don't have your interest at heart, they're only interested in your fees and making money from your engagement on their exchange that's why most of them don't care about the project they list provided such project are capable of paying the exchange listing fees. Investing should be based on personal research and not in some mthy or assumption.
MBL has really fallen very fast right now, but I think buying it now would be a good idea. As a rule, such coins are restored within a month. if you buy a coin now then at the end of the month you can make good money
i guess its not, you need to wait how deep is the lower price of that tokens before buying.Buying it in the wrong time will lose you money ive experience that many times before . Unless that was really the lower price sudden dump is the problem you dont know if it will continue or not.
MBL has really fallen very fast right now, but I think buying it now would be a good idea. As a rule, such coins are restored within a month. if you buy a coin now then at the end of the month you can make good money
Yeah this is worst.
Even, I saw when BTT coin has been launched and got pumped but now its price just slumped down much. I have a thousand of BTT on my binance's wallet and got a lot of luse there.
Pump and dump for newly listed coin is common thing that always been happened. Whatever the coin is or whatever the coin function is its price will get pump and dump eventually.
Even, I saw when BTT coin has been launched and got pumped but now its price just slumped down much. I have a thousand of BTT on my binance's wallet and got a lot of luse there.
Pump and dump for newly listed coin is common thing that always been happened. Whatever the coin is or whatever the coin function is its price will get pump and dump eventually.
Recently there have been a craze and buy rush for any coin new listed on Binance but usually turns to a nightmare for those who FOMO too early. $MBL which was listed today because they won vote for community coin dumped from 59 sats to 30 sats within some minutes. This was the case with LTO too. My little advise to traders, (especially newbie traders) is to analyze properly before diving into buying a newly listed coin on Binance especially and other exchanges with such hype. Even if you must do, use tight SL and moreover there is no point chasing a moving train.
We don't know the influence of new fresh coin until listed exchange and then high volume for long time. After promoting only interested people could buy or hold this coin. In this situation, cryptocurrency has more people and users than 2018. But this people already know that one thing isn't everything even top exchange listed, for low volume delisted history already exists. 
But basically, listing on Binance Exchange has become one of the evidence that the team is indeed serious about the development and progress of the project. While prices in the market certainly do not only depend on the team, the market itself is decisive.
But I agree, stay alert and not just follow FOMO. Do research more carefully and smartly.
Exactly, but they won't be able to list in Binance if the project is not successful in the crowdsale given the listing fee is high and of course although there's a hype but there is no guarantee the price will rise. I think it's better to take advantage on the possible FOMO, I know it's effective to buy when its first listed then dropped away as the FOMO is getting stronger as correction normally happens, with a decent capital, making money in short term would be easy. But I agree, stay alert and not just follow FOMO. Do research more carefully and smartly.
There are several reasons why the price of coins (even listing on Binance) becomes very down after a few moments listed. This is related to several interests, market conditions, and also other reasons.
1. The strategy of several parties to dump the price and capture it and then sell it at a higher rate.
2. The existence of massive sales of reward tokens made by the participant.
3. Overall market conditions.
4. various strategies from interested parties to control the price of the tokens or coins in the market.
And some more others.
But basically, listing on Binance Exchange has become one of the evidence that the team is indeed serious about the development and progress of the project. While prices in the market certainly do not only depend on the team, the market itself is decisive.
But I agree, stay alert and not just follow FOMO. Do research more carefully and smartly.
1. The strategy of several parties to dump the price and capture it and then sell it at a higher rate.
2. The existence of massive sales of reward tokens made by the participant.
3. Overall market conditions.
4. various strategies from interested parties to control the price of the tokens or coins in the market.
And some more others.
But basically, listing on Binance Exchange has become one of the evidence that the team is indeed serious about the development and progress of the project. While prices in the market certainly do not only depend on the team, the market itself is decisive.
But I agree, stay alert and not just follow FOMO. Do research more carefully and smartly.
Recently there have been a craze and buy rush for any coin new listed on Binance but usually turns to a nightmare for those who FOMO too early. $MBL which was listed today because they won vote for community coin dumped from 59 sats to 30 sats within some minutes. This was the case with LTO too. My little advise to traders, (especially newbie traders) is to analyze properly before diving into buying a newly listed coin on Binance especially and other exchanges with such hype. Even if you must do, use tight SL and moreover there is no point chasing a moving train.
I think the reason why people make lost through the newly listed coin on Binance these days is because of the success level of some previous listed coins on there which turn out to yield something good for early adopters literally make some investors to believe thats every new coin listed on the exchange will perform well if accumulated early. But, that not how things works cause doing some background check on the coins concept, utility and potential are very important.Actually if somebody miss the ieo from the binance luncpad, i think the second option is to quickly get in when the coin/token is newly lunch to by at a reasonable price, if you are familiar with binance then you would understand that most binance ieo always gives good returns, the only thing is to be smart about it, know when to sell, take profit and leave, don't try to be greedy, this is the reason many will lose money.
greedy because they wait too much thinking the coin can give more juice ? well yes that is one trait of being greedy . its also consider greedy when you sold too early because profit is the only one you think of in your head .
balance is all we need , not too early and not too late .fomo on the other hand is also not a good practice because this will lead you to fomo on wrong stuffs .once we are adicted on fomo we will only fomo at all times . in short its like panicking .
Actually if somebody miss the ieo from the binance luncpad, i think the second option is to quickly get in when the coin/token is newly lunch to by at a reasonable price, if you are familiar with binance then you would understand that most binance ieo always gives good returns, the only thing is to be smart about it, know when to sell, take profit and leave, don't try to be greedy, this is the reason many will lose money.
Recently there have been a craze and buy rush for any coin new listed on Binance but usually turns to a nightmare for those who FOMO too early. $MBL which was listed today because they won vote for community coin dumped from 59 sats to 30 sats within some minutes. This was the case with LTO too. My little advise to traders, (especially newbie traders) is to analyze properly before diving into buying a newly listed coin on Binance especially and other exchanges with such hype. Even if you must do, use tight SL and moreover there is no point chasing a moving train.
New coins listed in binance from vote results always experience a dump, because the coins are pumped before they win the voteBut if a coin listed in binance suddenly goes up in price, I think this is a very good thing to make a profit
Fomo has never been a good thing in this space at all, the funny truth is, almost all if not all crypto traders etc once in a while experienced fomo and learnt the bitter lesson. Before I used to be moved by newly listed coins not just on Binance but in other good exchanges and i learnt, and ever since then I haven't tried it. It's better I miss out on the pump then holding a token which might not reach the buy price again let alone getting gain. We should be careful of all these voting coins because those who are holding already will always cash out immediately, now what about those getting in (fomo), the rest is history.
All I learned from all the binance community voting coins co.petition, you need to buy one of those two coins, and hold it until Binance select a winner, if they do, sell out your all couns, because if that coin get listed on Binance, dump will happen surely! So, buy on the hype and sell it before the listing! Otherwise you will earn nothing but loss!
Quite right, no matter on which exchange any token is listed, you should always evaluate the various risks before buying any token, so you should always weigh the pros and cons and then already act, even on binance it happens that after listing the token, the price of this token can fall for various reasons.
Most new coins listed on binance always end up surging in value due to the Hype and liquidity behind the top exchange but I can't say much about free listed coins because I'm not familiar with their results over time
Most people will use listing coin as chance to get more profit, mostly new coin can be list after event ( ICO/ IEO ). I think we don't need to participate in new coin because they don't have track record mostly dump after launch. I suggest to keep using popular coin or exchanges coin from Binance ( BNB ) to make money, good luck to you.
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