Topic: Do not FOMO on newly listed altcoins on Binance - page 5. (Read 784 times)
There is different between a free listed coin that wins a contest and a project that paid to get listed on binance, they aren't same thing, I'd rather FOMO on projects that paid than project that listed for free
Not only in Binance, but in most exchange this happens. When a coin listed, it goes up too quickly, probably the team members pump it artificially, and then the FOMO hunter gets all it dumped.
Thanks for the tip.
I have been also dragged from those before specially when some altcoin wins the voting system.
Also, you could see this a lot in telegram.
People asking, "When Binance?" until when it is listed the value goes deep without even any reason at all.
Or, is it just that traders played the price for just a little time and brought it down.
I have been also dragged from those before specially when some altcoin wins the voting system.
Also, you could see this a lot in telegram.
People asking, "When Binance?" until when it is listed the value goes deep without even any reason at all.
Or, is it just that traders played the price for just a little time and brought it down.
Just because it was listed on a good exchange doesn't mean that it would pump up.
We need to stop aggressively buying them,
I think it would be best to take some time and do our research for those new listed coins to know if they would be great for our investment plans.
We need to stop aggressively buying them,
I think it would be best to take some time and do our research for those new listed coins to know if they would be great for our investment plans.
That's really one of the stupid move from newbie traders. If there's a good project with everything good and have real demand, no matter which exchange the coin is listed, price will increase. On the other hand, no matter Binance or other exchange list a coin, if the coin has no real demand, it will never get much attention from other. Listing on Binance may give you some pump most of the times but tthat's not guaranteed.
because based on previous experience or 3 years ago, the coin that was just listing will definitely pump up. therefore, many traders still use the theory. but it seems that today the trend has changed since it was bearish in 2018, and we can see that many coins that have just been listed are actually dumping. 2 times I experienced this and it can be used as a lesson, that for now the coins that have just been listed are not necessarily going to be pumped, even though they are sold to binance which incidentally is a big exchanger.
I think that happens many times. I see that a new coins list on Binance or another exchange cannot get pump too high, but we only see the coin is getting dump too deep. I already see this at Bittrex too, the coin could only increase by 10%, and then the price slowly will get dump deeper. I think that it was happening since the last year, but if the market can increase higher, perhaps, the new coin will have a chance to get a pump from the traders so the price can jump to a higher price.
I think we need to be careful if we want to buy the new coins, and we should remember that besides us who want to buy that coin, some people already have the coins and they are ready to sell the coin when it listed on that exchange. So we can research if we enter the market, that will be a good decision or not.
I would expect such price loss because the project got listed for free, it's a different story if the project conduct an IEO on binance, investors just will definitely take out profits, your advice ain't bad but it's pointing to free listed coins
Is a coin registered for free not good, bro? because registering a coin into the exchange, of course there is an agreement between the project and the exchange, if indeed the exchange gives relief to the coin to be registered for free it will not be a problem and it is fine to do. 
I think advice for research first before replace money already exist but people still focus in unrealistic profit make worst decision. Every event ( IEO, STO, ICO ) have the same pattern, after release will dump, that's fact. People more need currency than save their coins, switch it is the solution. New coin when listing meaning competitor for old coin and this is market, time will giving proof which one survive?. Dump is natural but if we want support crypto for better progress just save it until the price goes up, there's risk but can be reduce.
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 would expect such price loss because the project got listed for free, it's a different story if the project conduct an IEO on binance, investors just will definitely take out profits, your advice ain't bad but it's pointing to free listed coins
because based on previous experience or 3 years ago, the coin that was just listing will definitely pump up. therefore, many traders still use the theory. but it seems that today the trend has changed since it was bearish in 2018, and we can see that many coins that have just been listed are actually dumping. 2 times I experienced this and it can be used as a lesson, that for now the coins that have just been listed are not necessarily going to be pumped, even though they are sold to binance which incidentally is a big exchanger.
ah people wont learn with it .when they heard the word binance , they instantly think good stuffs . they worship everything on it so its not shocking at all to see people buying new coins on binance . its also normal for the coin to drop after listing because investors of hodlers of those coins are also waiting for its listing so that they can sell it . always happens on every coins or on any exchanges but if the coin is good , dump will be nothing . its also a good idea to sell imediately because further dumps are going to be expected more .
I have never been Fomo because a coin will be listed on binance because normal trades like me will always update the news later, which is a disadvantage. If fomo were in that situation, there would be great risks.
I feel the MBL team dumped on the community because the binance distribution of reward ought to be 23rd of Febuary which case has not been distributed and I wonder where the increased circulating supply came from. Binance should investigate this and possibly dilist MBL for lack of integrity. Bitcoin and established altcoin are safer than these new altcoins. I was even removed by one of their admin for asking them some technical questions. A good team will engage the community.
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
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.
Never heard of $MBL coin. Probably another useless coin maybe (not here to judge, just saying). I have never voted for any coin. How does this voting system actually work? If voting does not have some sort of fee, wouldn't it be possible by the developers to send shill accounts or pay users to vote for them? If it is really true that $MBL has rewarded users that have voted for them, then yeah, the dump was inevitable. Users that have voted from them probably dumps their reward to get some quick BTC.
The only point to chasing the train before it will be going to the moon. I have already analyzed the chart and that's a usual thing that people will sell their coin on the news. I suggest you to take a look at the chart before it was getting listed on binance and those traders have already started to buy in the rumour. This time they are massively selling for the news but I guess this is a short dump caused by the small bump will be happening asap. I know what will be the cycle for the pump in binance and that's easy to be determined.
Almost every exchange will happen the same thing and I have also experienced it. However, to always control yourself from anything and especially greed, because when you can no longer control yourself when there is a crowd in any purchase and anywhere then in the end it will only make you a fomo and will end up regretting because after that the coins no longer worth having, my experience in the past even the coin no longer had a demand there for only a short time.
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 haven't seen such fomo in my twitter feed, but the charts on the most coins on there are telling pretty sad story to anyone that went during the start fomo. That might be because of the current trend. There probably will be times again when anything that gets listed in there will be instant success story. Just not right now.
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.
Good.
The more people that get rekt by FOMOing in on these coins, the faster the pump and dumps that happen right off the bat will stop.
Sometimes people need to learn the hard way that you can't simply make money for nothing anymore in this industry. Well, at least not as easily as you once could.
Then again, the entire market is driven by this type of bullshit activity, so I doubt it would stop even then. Play stupid games, get stupid prizes as they say.
Maybe this is one of the reasons prices dropped "All users that voted for MBL will receive an airdrop of 1,117.44329 MBL to their Binance accounts for each vote they cast. For example, if you had cast 10 votes for MBL, you will receive 11,174.4329 MBL in rewards." https://www.binance.com/en/support/articles/360039659832
They take advantage of the right opportunities will profit, and true what you say, for those who feel fomo will surely suffer losses.
They take advantage of the right opportunities will profit, and true what you say, for those who feel fomo will surely suffer losses.
i agree with your opinion, just to add that for a voting you need to have average amount of BNB on your Binance account above certain limit, for one vote, and limit is higher for more than one vote, so this amount of MBL is not that high compared to amount that you need to have on your account to vote...
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