Is It Advisable To Follow TrollBox During Day Trading?

Koadharber

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Quote from: cjie on October 03, 2018, 06:19:26 AM

For me, I will not advise anybody to always follow the TrollBox to chosen a coin or token to trade on at any point in time when a suggestion is raised to trade on a particular coin because of a price rise. So many pumping companies or traders use it to do pump and dump and at the end, you will fall victim. It has happened to me when I was still a learner. A coin was suggested in the TrollBox and I invested on the coin that day to trade on and before I knew, the coin went down in price. The implication of this is that you will have to wait for a longer time before you can sell which you were not planning to do initially. This will made you get stuck in the market if you don't want to lose money.

Sometimes, If you are smart enough you can be a winner for that day. It is not always, the risk is very high in following TrollBox in trading. This is common in hitbtc exchange.

I will like to to know your experience if you have been following TrollBox during trading.

From the word itself "Troll Box" it would really be hardly to believe into those coins being suggested or shill out on to that place.Ive been a victim once but and after that i didnt tend to listen any single word on any troll boxes that i would encounter. You are risking your entire money if you do tend to listen to those trolls. Grin

Slow death

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Quote from: cjie on November 01, 2018, 12:11:34 PM

Quote from: spiker777 on October 03, 2018, 05:37:29 PM

There is a reason it is called a trollbox bro, the answer is damn obvious. Nobody in there is trying to help you, they're trying to convince you to buy their trash bags that nobody wants. A troll box is possibly the worst place you can possibly go to seeking advice, and you will likely lose a lot of money if you let those idiots get into your head.

Yes, you are right.

you can use the trollbox for your benefit, you do not need to listen to the advice that is in the trollbox, but you can use the information that is in the trollbox for your benefit. for example, someone in the trollbox says that altcoin Z is going up a lot, you can go see if this is true and you can do research on altcoin and decide whether it's worth buying or not. Even something like trollbox can be very useful if you know how to use it properly, you can also use the trollbox as a way to refresh your head, this will decrease your stress

cjie

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Quote from: spiker777 on October 03, 2018, 05:37:29 PM

There is a reason it is called a trollbox bro, the answer is damn obvious. Nobody in there is trying to help you, they're trying to convince you to buy their trash bags that nobody wants. A troll box is possibly the worst place you can possibly go to seeking advice, and you will likely lose a lot of money if you let those idiots get into your head.

Yes, you are right.

Furious 7

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Quote from: Wonder_woman on October 30, 2018, 05:49:21 AM

Quote from: cjie on October 03, 2018, 06:19:26 AM

For me, I will not advise anybody to always follow the TrollBox to chosen a coin or token to trade on at any point in time when a suggestion is raised to trade on a particular coin because of a price rise. So many pumping companies or traders use it to do pump and dump and at the end, you will fall victim. It has happened to me when I was still a learner. A coin was suggested in the TrollBox and I invested on the coin that day to trade on and before I knew, the coin went down in price. The implication of this is that you will have to wait for a longer time before you can sell which you were not planning to do initially. This will made you get stuck in the market if you don't want to lose money.

Sometimes, If you are smart enough you can be a winner for that day. It is not always, the risk is very high in following TrollBox in trading. This is common in hitbtc exchange.

I will like to to know your experience if you have been following TrollBox during trading.

Yes to advertise more about your coin that you are trading people will see that in trollbox and I believe this is very effective since their is always some that is asking and show their interest by their questions.

but the trollbox also has a negative impact on trading. I give an example of a kind of hoax, greed and fomo.
Don't be too confident they stay focused on your trading style and ignore them.

figmentofmyass

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Quote from: Bolt Brownie on October 30, 2018, 05:30:20 AM

I never even look at TrollBox. For me I see that as simple spam, and I only focus my trading sessions on technical analysis.

these days, i'm the same way. the trollbox era is over. there are low-level pump groups everywhere you look, and no one can move the market anymore. there's no fontas or wolong anymore. and if there were, the market would probably ignore them. it's a new era now. the trollbox is strictly for entertainment.

back in the day though, the trollbox on btc-e was awesome. it was a pump and dump machine and if you knew how it worked, you could print money. there were a handful of times when fontas would enter the trollbox and drop "pre-pump hints" and the smart guys would accumulate. once the pump was officially announced in the trollbox, you should already have had asks set on the order book. the best trade i made in 2013 was a 5x move on TRC in a matter of 5 minutes. the poloniex trollbox had its moments too during the 2017 run.

Wonder_woman

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Quote from: cjie on October 03, 2018, 06:19:26 AM

For me, I will not advise anybody to always follow the TrollBox to chosen a coin or token to trade on at any point in time when a suggestion is raised to trade on a particular coin because of a price rise. So many pumping companies or traders use it to do pump and dump and at the end, you will fall victim. It has happened to me when I was still a learner. A coin was suggested in the TrollBox and I invested on the coin that day to trade on and before I knew, the coin went down in price. The implication of this is that you will have to wait for a longer time before you can sell which you were not planning to do initially. This will made you get stuck in the market if you don't want to lose money.

Sometimes, If you are smart enough you can be a winner for that day. It is not always, the risk is very high in following TrollBox in trading. This is common in hitbtc exchange.

I will like to to know your experience if you have been following TrollBox during trading.

Yes to advertise more about your coin that you are trading people will see that in trollbox and I believe this is very effective since their is always some that is asking and show their interest by their questions.

Bolt Brownie

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Quote from: cjie on October 03, 2018, 06:19:26 AM

For me, I will not advise anybody to always follow the TrollBox to chosen a coin or token to trade on at any point in time when a suggestion is raised to trade on a particular coin because of a price rise. So many pumping companies or traders use it to do pump and dump and at the end, you will fall victim. It has happened to me when I was still a learner. A coin was suggested in the TrollBox and I invested on the coin that day to trade on and before I knew, the coin went down in price. The implication of this is that you will have to wait for a longer time before you can sell which you were not planning to do initially. This will made you get stuck in the market if you don't want to lose money.

Sometimes, If you are smart enough you can be a winner for that day. It is not always, the risk is very high in following TrollBox in trading. This is common in hitbtc exchange.

I will like to to know your experience if you have been following TrollBox during trading.

I completely agree with you, and I never even look at TrollBox. For me I see that as simple spam, and I only focus my trading sessions on technical analysis.

spiker777

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There is a reason it is called a trollbox bro, the answer is damn obvious. Nobody in there is trying to help you, they're trying to convince you to buy their trash bags that nobody wants. A troll box is possibly the worst place you can possibly go to seeking advice, and you will likely lose a lot of money if you let those idiots get into your head.

Bagaji

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Following TrollBox during day Trading could be disastrous to your capital because I see no different between TrollBox and joining pump and dump group which it could be that you are the one pumping for the group in question. In my opinion it is not advisable except if you want to gamble with your money.

avikz

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Being an weekend trader, I would not personally suggest anyone to follow trollbox in any of the exchanges. Instead rely on your consice decision other than following any random stranger. Study the pattern of the coin pair you are going to use and take decision based on your own intuition. The loss and the profits are going to be yours at the end of the day!

bit-freedom

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Of course not, you won’t trust a stranger for investment decision. In any case, the troll box is a place where the people spread fuds or organise pump and dump.

1Referee

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Quote from: CryptoAssasin on October 03, 2018, 09:54:57 AM

Troll box is sometimes helpful because there are traders who are willing to share their knowledge and give an update with a particular altcoin that could boost their price.

No well stacked trader will ever say a single word in a troll box. You know what they do with troll boxes? Mute/hide them.

If exchanges start requiring people to have a balance of at least $100,000 before they can access the troll box, you'll see that 99.9% of the usual participants are wiped out in an instant. Trading is done to make money, not to converse with utter noobs representing the very bottom of the crypto space. All the idiots solely using troll boxes to chit chat are a major contributing factor why some exchanges struggle with server load during strong price movements.

Troll boxes are a waste of precious resources.

CryptoAssasin

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Troll box is sometimes helpful because there are traders who are willing to share their knowledge and give an update with a particular altcoin that could boost their price. It was just an idea and you are still responsible to make your own decision where to believe it or do you research to confirm the news. On the other side, troll box is also deceiving so doing your own research always is advisable before making a trade.

kidoseagle0312

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Quote from: cjie on October 03, 2018, 06:19:26 AM

For me, I will not advise anybody to always follow the TrollBox to chosen a coin or token to trade on at any point in time when a suggestion is raised to trade on a particular coin because of a price rise. So many pumping companies or traders use it to do pump and dump and at the end, you will fall victim. It has happened to me when I was still a learner. A coin was suggested in the TrollBox and I invested on the coin that day to trade on and before I knew, the coin went down in price. The implication of this is that you will have to wait for a longer time before you can sell which you were not planning to do initially. This will made you get stuck in the market if you don't want to lose money.

Sometimes, If you are smart enough you can be a winner for that day. It is not always, the risk is very high in following TrollBox in trading. This is common in hitbtc exchange.

I will like to to know your experience if you have been following TrollBox during trading.

I don't trust in the troll box mate, most of them are just hyping others in the platform to the token which they bet on it. Better to do your own way to make profit in the platform, they are trollers which I think is not good anyway to listen to them. Read the candlestick in the graph or learn more about in reading the chart graph.

The Sceptical Chymist

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Are you fucking kidding? I've seen Yobit's trollbox, and admittedly I am not a day trader, but all you're going to read is a bunch of hype. All of it is hype. You might get lucky if you get a bunch of people jumping in to pump a coin up, but in the end you're just as likely to lose.

Warren Buffett apparently never took tips, nor do many successful traders. I hate to use this cliched phrase, but they do their own research--and it's easier to do in the stock market where you can actually analyze a business. Playing around with trading cryptocurrency is mostly guesswork. But I would absolutely not listen to what anyone says in those trollboxes.

raven7886

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Definitely not, ABSOLUTELY NO. I advise not to do that at all, that would be horrible.

You need to understand that there is a reason why its called trollbox, people there write stuff they just want to happen and their wishes.

If they are saying "hey buy xcoin because xcoin is going great and will explode soon" know that it doesn't mean that xcoin is going up or will go up, it means that same person bought xcoin and has lost money or not made money and wants everyone else to buy that coin so he can profit and leave.

Trollbox is filled with trolls for a reason, do not do any moves according to trolls there, you will be sad.

gentlemand

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How could anyone treat the spewing shit that bubbles away in such places as credible in any conceivable way? Someone who bought on the strength of some dialogue in there no doubt also responds to Nigerian princes and pays the price and then some.

ShadowBits

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Quote from: cjie on October 03, 2018, 06:19:26 AM

For me, I will not advise anybody to always follow the TrollBox to chosen a coin or token to trade on at any point in time when a suggestion is raised to trade on a particular coin because of a price rise. So many pumping companies or traders use it to do pump and dump and at the end, you will fall victim. It has happened to me when I was still a learner. A coin was suggested in the TrollBox and I invested on the coin that day to trade on and before I knew, the coin went down in price. The implication of this is that you will have to wait for a longer time before you can sell which you were not planning to do initially. This will made you get stuck in the market if you don't want to lose money.

Sometimes, If you are smart enough you can be a winner for that day. It is not always, the risk is very high in following TrollBox in trading. This is common in hitbtc exchange.

I will like to to know your experience if you have been following TrollBox during trading.

Sometimes that trollbox could lead to a pump because of those beginner traders who follows them that leads to a pump.

ss890

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For me it is the same thing. Troll Box is the biggest distraction of your trading because people will be yelling for their own coin to get pumped. They will always be some random guys from the pump and dump groups or also from the community group which has just listed their coin and think that they can attract more and more people to get the immediate pump to their coin. However, these things are really really messy and you should not be focusing on them at all. Even if you are trading the same coin as they are yelling at, then also you should continue the way you are going to trade in terms of quantities and timely investments.

LeGaulois

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Conversations are scripted, don't follow them. Pump & Dump channels on Telegram use the trollbox. The Admins posts the conversations to copy paste into a particular chat to make people think there is a real hype regarding a crypto. So, then people buy, buy, buy, and the group sell theirs coins

Topic: Is It Advisable To Follow TrollBox During Day Trading? (Read 299 times)