Why is everyone repeating Hodl! If bitcoin falls, I begin to worry that we will return to the trend of 6 and below. Doesn't statistics bother you? I still don’t understand whether it’s worth trying to understand trading or look for other ways to improve your crypto asset.
That is why they came up with this strategy. So that newcomers like you are not too emotional looking at market indicators. Didn’t you notice Bitcoin every few months begins to show a bearish trend. If in doubt about how to read charts, look at the manuals on the taklimakan platform, there is a course for beginners of crypto trading. Price reduction is not always an indicator of market passivity 
Topic: Trade Bitcoin - AVOID "Get Rich Quick" Shit Coin Pump and Dump - page 2. (Read 527 times)
November 26, 2019, 05:24:23 AM
November 26, 2019, 05:19:05 AM
Why is everyone repeating Hodl! If bitcoin falls, I begin to worry that we will return to the trend of 6 and below. Doesn't statistics bother you? I still don’t understand whether it’s worth trying to understand trading or look for other ways to improve your crypto asset.
November 23, 2019, 02:08:36 PM
Trading is about analyzing to get the right timing. and Fomo is one thing that must be avoided, feelings can defeat logic, for fear of being left behind to go along with the market without knowing that it is over the edge.
In this scenario, the most appropriate thing to do is to try to be like whales, try to understand how they move and make a decision. Once we understand how decision is made, we can be like them, or if we can't try to be always updated, if we can see a huge whale moves, follow their trading patterns, because we already know how powerful they are in controlling the market so if we are on their side other than thinking this is a huge ponzi scam, eventually we can earn as well. In addition, we should also consider market analysis in terms of technical and being updated about the news.
Follow the flow pattern but do not drift. All of them synergized, fundamental analysis, technical speculation, trusted traders and influential whales. At least we can take it for, even if it is not as big as those who can play the market and take it from the beginning, well, being grateful is also very important. November 23, 2019, 12:19:05 AM
It's always the manipulators game. These whales are what mostly drives the prices by instilling FOMO in investors minds and trying to swim with these whales only ends up being beaten to loss when you did not watch for the prices.
Also considering that there are literally tons of altcoins currently swarming the market, these altcoins could be considered as shitcoin already since they do not bring any real-life practical advantage to any other coins currently existing. Too much competition makes most of the competitors irrelevant.
Investors looking at these shitcoins are only speculating, way higher than speculating in bitcoin. It's primarily a get-rich-quick scheme, where if you get lucky and hodl some of a specific shitcoin before whales even flood its market, then as soon as the bubble is about to burst, sell all your holdings and never go back again.
That's what I think shitcoins are now for. Nothing worth investing in terms of technology and revoltionizing digital currencies, just pure speculation.
Also considering that there are literally tons of altcoins currently swarming the market, these altcoins could be considered as shitcoin already since they do not bring any real-life practical advantage to any other coins currently existing. Too much competition makes most of the competitors irrelevant.
Investors looking at these shitcoins are only speculating, way higher than speculating in bitcoin. It's primarily a get-rich-quick scheme, where if you get lucky and hodl some of a specific shitcoin before whales even flood its market, then as soon as the bubble is about to burst, sell all your holdings and never go back again.
That's what I think shitcoins are now for. Nothing worth investing in terms of technology and revoltionizing digital currencies, just pure speculation.
November 22, 2019, 10:22:14 PM
That's the thing. The only people gaining are the people that initiated the pumps. They're smart. As soon the shit coin goes up buy 10-20% they sell to people buying after the 10-20% up. Anyone who buys after that is stuck with those coins because no one is going to buy a shit coin that is up that much. They end up selling at a huge lost (sometimes 70-90% lost). It's a scam that works well for people who organize pump and dumps.
The FOMOs are trying to get rich overnight, but ended up loosing everything. I wish people get it that only trading / investing in Bitcoin will bring you profit. Only BTC's price fluctuate to the point where you can make nice profit trading with even $500. It's going to take a while to build up the profit, but it's almost always a sure thing.
The FOMOs are trying to get rich overnight, but ended up loosing everything. I wish people get it that only trading / investing in Bitcoin will bring you profit. Only BTC's price fluctuate to the point where you can make nice profit trading with even $500. It's going to take a while to build up the profit, but it's almost always a sure thing.
In this scenario, the most appropriate thing to do is to try to be like whales, try to understand how they move and make a decision. Once we understand how decision is made, we can be like them, or if we can't try to be always updated, if we can see a huge whale moves, follow their trading patterns, because we already know how powerful they are in controlling the market so if we are on their side other than thinking this is a huge ponzi scam, eventually we can earn as well. In addition, we should also consider market analysis in terms of technical and being updated about the news.
November 22, 2019, 10:13:27 PM
That's the thing. The only people gaining are the people that initiated the pumps. They're smart. As soon the shit coin goes up buy 10-20% they sell to people buying after the 10-20% up. Anyone who buys after that is stuck with those coins because no one is going to buy a shit coin that is up that much. They end up selling at a huge lost (sometimes 70-90% lost). It's a scam that works well for people who organize pump and dumps.
The FOMOs are trying to get rich overnight, but ended up loosing everything. I wish people get it that only trading / investing in Bitcoin will bring you profit. Only BTC's price fluctuate to the point where you can make nice profit trading with even $500. It's going to take a while to build up the profit, but it's almost always a sure thing.
The FOMOs are trying to get rich overnight, but ended up loosing everything. I wish people get it that only trading / investing in Bitcoin will bring you profit. Only BTC's price fluctuate to the point where you can make nice profit trading with even $500. It's going to take a while to build up the profit, but it's almost always a sure thing.
That's why we shouldn't chase after pumps. Information is key in the line of business. Either you have it or you don't. An experienced trader will never chase a pump, and will not succumb to the incredible urge of getting in, so these Sharks only suck the blood out of the inexperienced or the new guys in town. For those who follow cryptos for a few years now, we already know that if you don't know what you are doing, crypto trading will be much like putting money into a ponzi scheme.
November 22, 2019, 08:07:09 PM
This is because of greedy idiots that buy a coin based on price rather than value. They want to get rich overnight and they honestly deserve what's coming to them for being so greedy AF.
How can you say that trading and investing in bitcoin is the only way to profit? I wish people like you would get that bitcoin is not the only currency. Then to make matters even worse you then go and say that
"BTC's price fluctuate to the point where you can make nice profit trading with even $500." Doing arbitrage? I don't think so. You are confused. "but it's almost always a sure thing" now you just talking nonsense.
How can you say that trading and investing in bitcoin is the only way to profit? I wish people like you would get that bitcoin is not the only currency. Then to make matters even worse you then go and say that
"BTC's price fluctuate to the point where you can make nice profit trading with even $500." Doing arbitrage? I don't think so. You are confused. "but it's almost always a sure thing" now you just talking nonsense.
November 19, 2019, 01:46:54 PM
I also don't believe in new coins. I twice invested in coins turned out to both be shitcoin. it's better to invest in bitcoin. but I also still believe in old altcoins like ripple, litecoin and ethereum. Even though the altcoin market is experiencing a decline I still believe in the altcoin that I hold. I am optimistic when bitcoin goes to the moon and the coins I hold will also increase. but of course my main investment is bitcoin.
I understand how painful it is to put money in a project and to later see that such project is a scam project or turn out to be a very bad project, but I don’t think that we should because of that now condemn all coins that are in the market and are starting up newly. If we take a look at the environment where we are living now, we will see that we have lots of bad people in our neighborhood, but that has not made the authority to just come and judge everyone around that place as a bad person, they take their time to investigate the neighborhood in other to spot out that bad ones which is what I think we should be doing right now too because if we keep condemning the new projects, how can we get new innovative to come out of this Blockchain technology.
November 18, 2019, 11:41:24 AM
The FOMOs are trying to get rich overnight, but ended up loosing everything.
If you have a fear of missing out on profiting from a shitcoin, you're being really, really stupid--and greedy. I can understand that emotion when you're talking about bitcoin when it's booming like it did in 2017, but for one of these typical pump & dump shitcoins? Come on. You'd have to be a complete noob to fear missing out on one of those.I agree that everyone should avoid altcoins that suddenly start rising unless it's because bitcoin is rising concurrently and only if you're talking about one of the better altcoins, and there aren't too many of those. When I think of pump & dump coins, I think of those shitcoins on Yobit that go for 1 satoshi and occasionally you see them jump to 2 or 3 satoshis and you know someone is doing that on purpose. It's easy to pump a coin like that because it doesn't really cost that much and there are usually tons of sell orders and no buy orders in sight. Those are the coins every trader should avoid at all costs.
November 18, 2019, 11:21:05 AM
shitcoin pump and dump, like play gambling, although sometimes the coins up to 10-20%. but before we buy, they have bought from the bottom, and we buy from the above, which in the end, they are rich and we are poor. many lay people are trapped this way because I have also experienced things like this, so I lost a lot of money around 50% at that time. most things like this on telegram channels, even premium channels do this, so be careful and never join.
November 18, 2019, 10:55:08 AM
if you often use certain exchanges, of course, also memorize the characteristics of all the coins in it, this is a prerequisite to make sure you know the direction of each coin's chart.
It's okay to be tempted by candles with a potential reversal but first make sure the coin is still in the buying zone and its tendency to touch resistance, so don't analyze it instantly, the pattern of shitcoin is also able to breakout in one day.
It's okay to be tempted by candles with a potential reversal but first make sure the coin is still in the buying zone and its tendency to touch resistance, so don't analyze it instantly, the pattern of shitcoin is also able to breakout in one day.
I think we should select few of the coins in which we are interested and keep following their charts and news. I will recommend to keep 70% portfolio from top 20 coins in coinmarketcap.
There are pumps and dumps in Bitcoin as well and those who traded it in the last few months experienced them first hand. Going into bitcoin trading and especially trying to trade with leverage will make them play you like a fiddle. That's what those fast moves of 1k BTC on Bitstamp are meant to do. Liquidate all the leveraged suckers and influence exchanges with higher liquidity.
I normally do no like pump and dump coins or leverage trading because the risk of losing money is very high in them.
November 18, 2019, 07:11:32 AM
You got the whole idea of these shitcoin or pump and dump coin and I wonder why many people still don’t understand this and they keep giving them the chance to actually dupe them. It is the time that many people forget about some of these projects that keeps promising what that cannot offer and they keep getting money from people.
Bitcoin is still the safest coin to invest in and also trade. I think that the reason why many avoid bitcoin is because they are not well properly informed and they think because bitcoin is expensive, they really cannot buy or trade it not, but they don’t understand that they can still trade any part of bitcoin as they don’t need to buy a whole bitcoin before they trade or make money from it, so they go for some of these cheap and low quality project promising to give them exactly what bitcoin can offer them.
Bitcoin is still the safest coin to invest in and also trade. I think that the reason why many avoid bitcoin is because they are not well properly informed and they think because bitcoin is expensive, they really cannot buy or trade it not, but they don’t understand that they can still trade any part of bitcoin as they don’t need to buy a whole bitcoin before they trade or make money from it, so they go for some of these cheap and low quality project promising to give them exactly what bitcoin can offer them.
November 17, 2019, 03:37:32 PM
There are pumps and dumps in Bitcoin as well and those who traded it in the last few months experienced them first hand. Going into bitcoin trading and especially trying to trade with leverage will make them play you like a fiddle. That's what those fast moves of 1k BTC on Bitstamp are meant to do. Liquidate all the leveraged suckers and influence exchanges with higher liquidity.
November 17, 2019, 09:16:53 AM
if you often use certain exchanges, of course, also memorize the characteristics of all the coins in it, this is a prerequisite to make sure you know the direction of each coin's chart.
It's okay to be tempted by candles with a potential reversal but first make sure the coin is still in the buying zone and its tendency to touch resistance, so don't analyze it instantly, the pattern of shitcoin is also able to breakout in one day.
It's okay to be tempted by candles with a potential reversal but first make sure the coin is still in the buying zone and its tendency to touch resistance, so don't analyze it instantly, the pattern of shitcoin is also able to breakout in one day.
November 17, 2019, 09:08:52 AM
With leverage, I have seen much more persons getting liquidated than those who trade altcoins. I have said this not just pointing out the leverage part, but the normal price changes too because those who bought BTC at its peak at around $20k and sold at $3k are still in a major loss there in USD terms if not in BTC.
November 17, 2019, 09:06:53 AM
The best way to avoid shitcoin pumps and dumps is not to participate in them. Don't buy shitcoins and have one less thing to worry about.
I don't recommend trading bitcoin to anyone. Even traders who used to do well on traditional markets lose trying to predict Bitcoin because they aren't expecting an asset worth so much money per share to be so volatile. Most stocks are worth a few hundred dollars and are more stable than Bitcoin that's almost at 10k.
So I'll say it once again. Don't trade Bitcoin, hold it.
I don't recommend trading bitcoin to anyone. Even traders who used to do well on traditional markets lose trying to predict Bitcoin because they aren't expecting an asset worth so much money per share to be so volatile. Most stocks are worth a few hundred dollars and are more stable than Bitcoin that's almost at 10k.
So I'll say it once again. Don't trade Bitcoin, hold it.
November 17, 2019, 08:56:41 AM
Not the only people, but yeah for sure the ones initiating the pumps are the ones who gain the most. And these guys do it for shits and giggles too, I'm sure, cause the real deals are only in Bitcoin.
Everything else, I swear almost, is just at the whim of a few people who need some money to splash around.
Sure, 2017 was a little different in the sense that a lot of greedy people took advantage but I'm pretty sure most of those people thought they were smart (the sense that all the coins they bought made profit also helped them fool themselves), and tried to speculate but ended up losing most of what they gained anyway.
Everything else, I swear almost, is just at the whim of a few people who need some money to splash around.
Sure, 2017 was a little different in the sense that a lot of greedy people took advantage but I'm pretty sure most of those people thought they were smart (the sense that all the coins they bought made profit also helped them fool themselves), and tried to speculate but ended up losing most of what they gained anyway.
November 17, 2019, 08:29:55 AM
That's the thing. The only people gaining are the people that initiated the pumps. They're smart. As soon the shit coin goes up buy 10-20% they sell to people buying after the 10-20% up. Anyone who buys after that is stuck with those coins because no one is going to buy a shit coin that is up that much. They end up selling at a huge lost (sometimes 70-90% lost). It's a scam that works well for people who organize pump and dumps.
The FOMOs are trying to get rich overnight, but ended up loosing everything. I wish people get it that only trading / investing in Bitcoin will bring you profit. Only BTC's price fluctuate to the point where you can make nice profit trading with even $500. It's going to take a while to build up the profit, but it's almost always a sure thing.
That is why we should be aware of choosing a coin where to invest. I highly recommend investing in top-ranked coins such as Bitcoin, Eth, and XRP which will give an assurance of having a good amount of return. I admit that some coins are really profitable but it is tough to determine which among them who will give a high return, to find them you need to conduct intensive research to determine which is worth and which is not. The FOMOs are trying to get rich overnight, but ended up loosing everything. I wish people get it that only trading / investing in Bitcoin will bring you profit. Only BTC's price fluctuate to the point where you can make nice profit trading with even $500. It's going to take a while to build up the profit, but it's almost always a sure thing.
November 17, 2019, 08:02:23 AM
People who cannot analyze with the right will get the shit coin at the highest price. They will not have a chance to sell at a higher price in a short time, and that will make them hold for a very long time. But sometimes, the shit coin can give us a profit if we know how we should treat the coin.
You should not think about getting rich in one night in cryptocurrency because if you cannot analyze everything, you will not make a profit. If you are afraid to get stuck at a higher price with the shitcoin, then you should not invest or buy the coin, especially if the coin has started to increase. You will lose the opportunity to buy and sell the coin if you don't have a better internet connection because the pump and dump will need a fast move of the internet connection.
So be careful if you want to buy any coin at the market, make sure you analyze, or you can purchase bitcoin only because the only bitcoin will give you the real profit in the future.
i did it several times haha , bought $100 shitcoins hold it on for 6 months and it is worth $5 now , what a shitcoin right?You should not think about getting rich in one night in cryptocurrency because if you cannot analyze everything, you will not make a profit. If you are afraid to get stuck at a higher price with the shitcoin, then you should not invest or buy the coin, especially if the coin has started to increase. You will lose the opportunity to buy and sell the coin if you don't have a better internet connection because the pump and dump will need a fast move of the internet connection.
So be careful if you want to buy any coin at the market, make sure you analyze, or you can purchase bitcoin only because the only bitcoin will give you the real profit in the future.
but sometimes you know i bought HNI hunibit a korean based tokens worth 1 ethereum only and my tokens worth 7,7 ethereum right now haha that is the story behind the good and bad shitcoins which of course there is more bad things happened.
do it with cautions , buying shitcoins does not mean you are gambling with it , not always.
you will still making a research thoroughly to at least maximize your chance getting a better shitcoin i mean not the worst
.this is just the matter of taking a very high risk , as cryptocurrency like bitcoin or ethereum itself are a high risk invesment.
November 17, 2019, 07:53:27 AM
That's the thing. The only people gaining are the people that initiated the pumps. They're smart. As soon the shit coin goes up buy 10-20% they sell to people buying after the 10-20% up. Anyone who buys after that is stuck with those coins because no one is going to buy a shit coin that is up that much. They end up selling at a huge lost (sometimes 70-90% lost). It's a scam that works well for people who organize pump and dumps.
The FOMOs are trying to get rich overnight, but ended up loosing everything. I wish people get it that only trading / investing in Bitcoin will bring you profit. Only BTC's price fluctuate to the point where you can make nice profit trading with even $500. It's going to take a while to build up the profit, but it's almost always a sure thing.
i agree buying pump coin will not really give profit instead they will lose all their investmentThe FOMOs are trying to get rich overnight, but ended up loosing everything. I wish people get it that only trading / investing in Bitcoin will bring you profit. Only BTC's price fluctuate to the point where you can make nice profit trading with even $500. It's going to take a while to build up the profit, but it's almost always a sure thing.
many new users think they can become a millionaire in bitcoin overnight
that why we always need to remind them because in crypto there is always new into this
I'm just hoping if they make a wrong choice they will learn from their own mistake
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