Bitcoin Forum

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.

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.

I had a little experience about this too in livecoin were I bought Level for trade, after I bought the said token, the token fell  down with almost 40sat, it was a hard dump and till date am still holding the token because its value hasn't appreciate till now. Nothing pains a trader than seeing a potential token and after buy order the token dumped. There are many lessons traders need to learn concerning new tokens in exchanges.

This should not tbe attributed to Binance alone, newly listed coins have their moon time frame and dump there after. Mbl has been mooning for two days now, its normal if the price dips the token cannot moon forever there's room for correction.

 On contrary there has always been a FUD on the newly listed things in all of cryptos history. All because people get it "cheap" somewhere else and they try to sell it on the day one because they believe the price will go down with that much volume. What do you do when you know the price will crash? You sell, if many people like you think the same, what happens? It actually crashes. It is a total post hoc ergo propter hoc type of situation.

 However there is nothing wrong with buying it after a few days, if you see it going down and you see that it is not doing well, you will soon realize that it is also not going to go down forever, so you wait and when it hits a bottom and doesn't move any further down, you will start to slowly accumulate, do not buy it all at once because it could potentially drop once again, so you buy just tiny bit and tiny bit with your capital and eventually after 2 weeks or maybe even a month of every day buying a bit, you will have a decent size of it and you will see if price is going down or stayin same.

 This is a method used by many many stock brokers when IPO happens, they wait for it to either drop or reach peak and after that they start to do their bidding slowly, if it is too much up they start to short it slowly after a while, if it is down they start to buy it or long it slowly, this has been a thing for about 20 years (maybe even earlier but I can testify for just 2 decades) and it has proven to be a decent tactic, not a %100 guarantee one but more often than not provides to be quite successful.

I would advise against trading at all on Livecoin. They are an insecure exchange and are likely under FBI investigation in relation to a token they have been in bed with for the last two years. They also list shitty Russian ICOs non-stop. If you dig into their background it seems to be run by some sketchy Russian who bought a pre-made shell company to run the exchange out of London.

Why not? If you buy it quickly after the announcment of confirmed listing then it is a good tactic because you are at the beggining of the massive growth. But after listing price immediately goes back to the price before listing.

Thanks for the advise, though I have researched into the exchange and truly found some fishing activities but just choose to trade some few token on their exchange. There are Many tokens on the exchange that are currently undergoing pump and dump tokens. With this advice, I will be more caution about depositing huge funds into the exchange, thanks.

You can take the advantage of this scenario but you need to be quick and never lose your sight with your trades. But if you think that you can't do that, avoid it those newly listed coins even in Binance.

This FOMO is everywhere.

Even with news and other stuffs, people tend to FOMO because of bad and good news.

The airdrop is partly the reason but not the major reason. I think holders take the listing news as an opportunity to dump. Worst part is that team members may use that avenue to quickly dump tokens at top price.

If you actually took time to read through my brief write up, you should notice I mentioned "and other exchanges". Binance was used at the topic as a case study because that's where I principally trade, hence noticed the fast PnD for newly listed coins.

I think it depends on the scenario
I am certain there are mbl hodlers from far off monitoring the price and development and there are pump rushers.

On one scenario, there have been over 4/5 chances to get in on mbl today alone. So it depends on the research capabilities of traders.

The best way is this, if you have no information or research record about newly listed tokens, avoid it

FOMO in all ways isn't a good thing, it's a two way thing, that is, can result to profit or result to loss and in most cases it always results to loss. Also, talking about FOMO it isn't only on Binance exchange but also to other exchanges, one needs to be careful of the coin he wish to buy and if possible remove fomo and go for what is right or for altcoins with great value because holding a worthless coin is more painful owing to the fact everyday it keeps reducing in value until you are forced to sell at loss. Lastly, just like you said, it doesn't make sense going after a moving train, if the temptation is much, take a break and be glad you did.

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...

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.

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.

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.

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.

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.

New coins listed in binance from vote results always experience a dump, because the coins are pumped before they win the vote
But if a coin listed in binance suddenly goes up in price, I think this is a very good thing to make a profit

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.

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.

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  .

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 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

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.

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 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.

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.

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.

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.

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.

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

I think this whole thing came about when Binance started its series of IEO. Several people made lots of money out of it but those projects that were launched that time had good use cases and working product too. Other blockchain start-ups want to buy into this hype hence listing all sorts of worthless projects up there and this is why the two coins listed fail though it got listed on Binance.
if there are no use case and utility of the coin it will surely come crushing down lol.

Indeed it is better to risk it on a project that is willing to spend their money for a greater opportunity or publicity than for those who only keeps their funds and rely on free listing.
Those new project had gained money from investors so why not spend it to make their project better?
Only few of the new projects are willing to do it because most of them are so greedy to spend what they already earned.

Thanks for this piece of information and advice. A lot of people I saw really was caught by MBL dump upon Binance listing.  I saw a lot of people bagging MBL tokens just because MBL won Binance listing. That's funny though. But let's not always expect every listed coin on Binance to do wonders. Otherwise we keep getting rekted.

Ive seen how the coin pump during the time it was still on voting session. I know that most coins during coin vote session pumps hard. From 20 sat to 50 sat the price of this MBL and when it got listed it go down to 30 sats. Anyway I like your advise but market is really crashing like hell especially if the whales are keep interrupting and manipulating the price at will.

Hunters? This isnt about bounty. The project was nominated in Binance community voting and win. The timing of dumping as stated could be worse to those who FOMO and bought at maybe 50 sats. Dont just butt in if the topic youre talking is out of discussion.

Couldn't agree more. Perhaps, some people out there took the advantage of such news quickly though. But may be majority didn't get the chance as dump happened so quickly. So, I totally agree to this man, if you can't handle quick stuff like this you better get out of the scene it might be bad for you. Reminds me of my friend, boasting around telling that he had bought some good coin, and when we checked out, it turns out to be the opposite of what we especially he expect.

i prefer to join community giveaways and important airdrops than jump into an exiting altcoin that just got listed on a tier 1 exchange. i bought foam when it was listed on poloniex. i can tell you that till date, the coin has never got back to it listing price. it fall below ICO price, listing price. i am even scared the token might be delisted on poloniex. this force me to sell out with little or no gain.
i regret such trade and it will never happen again.

I had a laugh with the last part about your friend. Though it's funny but this is the reality that many do buy random coins they think will moon soon. I have the same on my mind too and I was brought with the crowd when I've heard their opinions.

But I have proved to myself that bitcoin will always be the best choice no matter how promising these new coins are. And Binance doesn't guarantee profit whether it will list some new good or bad coins depending on their standards.

That is actually true, the rush for newly listed coins can be equated to anything especially when it involves Binance exchange but the table is turning around now and leading to people being bag holders. If a coin is actually good there is no need rushing after it, just relax and get it because once trading starts it will dump. Many people have learnt from chasing after a moving train while many are yet to, those who have learnt stays away from fomo while those who are yet to, continue getting trapped. Also, most people don't research on these newly listed coins because they have the mindset that, since it is on a big exchange, there must be something good about the coin. Furthermore, fomo is not only on Binance exchange, it is something that exists within all top exchanges.

This message should be good for the newbie in crypto, based on my observation, Binance is the most hype exchange where even shitcoins as long as listed in the exchange will pomp, and with their power to manipulate the price, it would attract the newbie to ride with the FOMO but then regret their wrong decision. every time we FOMO we regret that's the real thing,.. actually we can see a lot of coins that are listed in Binance got pump and now it's value is very cheap.

I have observed this as well, i mean most of the coins or tokens that i was following and they got listed on binance crashed hard yes there were pre and initial pumps but over the long term almost all coins dropped in value to an absolute bottom where most of investors who bought at binance are just hoping to exit with less loss or break even.

This is the major problem these days mostly crypto community is falling in hype and fomo, they don't want to understand that if a coin/token is listed on a major cryptocurrency exchange and  creates good value for a short time with hype and fomo it's not mean that its future is going to be bright we should understand the basic and important thing first and that is the development of any coin/token I believe good development indicates positive results.

I think a newbie trader should experience that kind of situation to learn that in cryptocurrency world everything has a risk factor and jumping in any FOMO is one of them, another risk is the Binance listing effect that can bring more harm than good if we are not putting ourselves in control, because most of us believe that if any coin/token was listed on Binance its price would be skyrocketed and it's a risky notion that we should avoid.   

Indeed FOMO isn't good at all, I think because of binance credibility any coin listed there attracts  traders and investors  but in my opinion I think one should study the coin prior to listing to know more about it, it's circulating supply and total supply  before jumping into any coin.

There’s a big hype on Binance exchange and almost everyone thinks that if you’re listed to that exchange you’re a good coin and that’s why hype is created. If a token reach a new high after the listing then you can expect a dump after that, its not a FOMO anymore its a strategy of a trader because it happened so many times to new tokens.

This is a risky investment, they can make a lot of profits from this FOMO but can also lose a lot if the price falls after being listed in the exchange. I don't like investing like that because sooner or later I will lose all my investment. It is better to choose the top altcoins in this market and hold them

Agree that the FOMO on binance exchange can make many wrong decisions, especially affecting the psychology of new entrants into the crypto market, it can even ruin value and push a great project into rubbish but see this negativity, we should still accept this mode of operation. Because this market wants to make big profits, wants to make more money, it will always need manipulation, a person's mistake will be an opportunity for others to take advantage, a lot of people like this FOMO, very stimulating and quick profit when we understand the game

Not just for Binance, and we should avoid all exchanges in this market. Fomo will make us lose if too many people pay attention and invest in it. I personally have also been a victim of several altcoins' Fomo when listed in new exchanges. Stay away from them as far as possible if you do not want to lose money

There is no point in even using technical analysis and trading terms, those people are gambling, there is no way to know if a coin that is just being released is going to go up or down, you have no way to measure the strength of the market or the interest of investors, I do not even consider that FOMO, because FOMO occurs when you see a coin going up and you try to catch that movement too late when in fact many of those coins crash from the moment they are freely traded.

One of the reason for it is most of the people expect the price of the coin to exponentially increase on being listed on binance. And if you watch the price movement before the listing, the coins that comes in voting gets a good buy order increasing the price in every other exchange they are listed on. So, its basically the correction in price rather than anything else.
The strategy for trading are same for large rise and fall of a coin compared to others, don't buy when the price is unnaturally inflated.

Except when there's bullrun because tokens that just got listed in a no name exchange will still be pumped but normally tokens will always be dumped no matter how good the project is. Its just that many will take profit including the team who has lots of coins in their pocket. They wanted to gain too just like all the rest who tried to invest all for the discounted tokens.

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.

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

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.

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!

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.

Who guys received MVL coin for vote this coin i think they helps to suddenly dropped. But Binance launchpad projects so much stable when listed, Harmoney coin was long term stable. MVL listed binance it’s a hype so suddenly increased. I don’t agree sudden increasing is a good thing to big profit in any exchanges. Even hype coin is risky for long term traders.                

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   .

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

There is time for traders to get rich through trading, but that will only if they can be wise, and don't greedy for chasing the profit. When one coin can increase higher, people are interested in buying that coin before the price is going to rise higher, but they don't remember that the price can also get down anytime. That makes them try to buy the coin, but the fact is, the price cannot increase more, but the price is down and makes them get a trap by buying at a high price. We need to know the risk of purchasing the coin if the coin already increases because there is no guarantee for us to make a profit from the increase in the coin price.

MBL be an example for FOMO. traders start buying this token to response good news that they will participate in binance community voting, moreover they have huge community that will make them win . and now when MBL win community vote, traders that take position liquid their profits and start to buying again in dip to maximize profit. and maybe next months they will rise again after community confidence with this projects. moreover i heard news that staking ONT will get MBL. ONT and MBL will rise together when this campaign start.

Watch what they do (FOMO buying) and do the opposite way.

Personally, I often wait for some days or 2 weeks after such coins listed on Binance, and buy at their dips (nearly their temp bottoms), and enjoy my profits when they bounce back. I have a good news for you, their bounces back can bring you a fortune if you have good entry points.

You have no problem when there is a FOMO but you have bought already, but these people who have not bought yet are sure riding with the FOMO, that's the usual mistake of a newbie and it will take time to create a working strategy to benefit on this.

This is expected especially the whales are playing in the market. Most of the traders who gain profits to it are the one knows how to handle dissappointment. The price from 59 sats to 30 is really a huge downfall and if youre one of the fomo guys, it will bleed a lot expecting a gain. I dont want to join the league in riding the hype of Binance Coin Community vote which is quite risky also the profits isnt sure since the winner will be pick at the end.

Almost every new altcoins that I have got into, that’s how it has always been for all of them. I just don’t understand a lot of people, they just rush in and hype the coin and the next thing you know they are all running out from the coin and dumping it heavily to the extent the price will drop so much. It’s very annoying, that’s one of the reasons why I stopped rushing into any coin I see.

This time around I’m taking my time and minding what I choose and I mainly choose coins that have been around for quite sometime and still doing fine. New coins always fall, even if you want to buy them it’s best to have patience and wait for quite some time before buying.

As we invest we should be very cautious on these coins or alts and we should not be driven by the hype of the market. We should study first the coin and its value before investing. The chance that it will be successful is base on the support it will get from the users. If there is no people or companies or something else that will benefit from the coin it will probably fail like what happened to the number of alts out there.

Not in my experience! Most traders I know they are all fine and calm when they are making some small profits or even making steady but tiny losses. But the minute things continue to keep going against them or they see a platform start making moves they feel is unfair, then they all get so whiny and complain so loudly. Trust me, same will be for these binance altcoins!

You're right but i think the reason why the OP mention binanxe name is because a lot of crypto investors and enthusiast trust in binance due to the result of their first, second etc IEO result/restriction before accepting new IEO and the SAFU used by them to secure their users fund.

Many of the investors make mistake by following the trend each time. They just buy random coins depending on the market supply and 24 hours volume. There are some tickers which indicate coins having major volume in 24 hours and many newbies usually just buy coins depending on such tickers which at the last they have to regret to enter the wrong markets at the wrong price.

This is only because they do not take the efforts to make their own research before investing into such coins. Professional traders/investors would always make a deep research about any coin they are buying and that is what never makes them face any loss. Newbies should try to upgrade themselves in order to minimize the loss.

I think Binance don't list scam or ordinary projects they also research and the project which goes live on Binance or other big exchanges like OKex etc itself has great potential as they pay huge for listing on such big exchanges.

The specific coin which we want to invest only depends on our will. We have no right to blame anyone else for making our investment as it totally depends on us.

Binance has a number of coins and we are not really sure that each of such altcoin is potential only because it is listed on binance exchange. There are some shit projects which are capable to pay higher fees in order to get listed onto exchanges like binance where many people buy those coins at the initial stage expecting higher returns but it is not always what we expected. The price for such coins might dump hard only because they do not have a strong product backing them, or a poor team or any such phenomenons.

Fomo isn't only for newly listed coins, whether for newly listed coins or not, whether it is on Binance exchange or not, Fomo is not good neither is it adviced. Most times people might come across a trading signal, maybe from "experts" and might come across the coin price rising, most always throw caution to the wind and then fomo sets in; this is same is for any newly listed coins on top or major exchanges. I hope people will learn to seek the right things which will make them go after a coin rather than fomo which will only turn them to bag holders thus will end up selling at loss.

FOMO is indeed not good, it can be avoided by having a strong, fundamental and technical analysis base. However, the coins and tokens listed on Binance have a plus and attract broad market interest. So that even at a glance, it can be used as a moment to benefit. The key is to be keen to see the situation, determine the right timing, and release everything if a decline starts.

This is not on Binance alone but on other exchanges. If I saw a good project that will be listed on any reputable exchange, I will wait for a breath up to a month before considering buying and most often, I get them lower than half of the listed price. Let us be wise in this market.

This is the importance of learning from mistakes so that we will not be trapped in the same mistakes. Don't give up and continue to improve strategies to get profits.
Well, I've lost confidence in new coins or tokens, 2018 has given quite a bit of bitter taste. But that is a fact that we must face, full of risk right? and one of the safest ways, in my opinion, is to join IEO at Binance, but not FOMO. Do the best analysis, determine the right timing, give a limit to the stop loss. Why do I recommend Binance, because there is enough evidence that some of the coins and tokens that IEO has gained wide market interest

Chasing after a moving train in this case, a newly listed coin is a terrible idea because doing such means fomo is already in place which will likely end badly at least from other experiences. This fomo being talked about isn't only on Binance it is on other exchanges but the issue is the one of Binance always comes with many hype thus everyone seeking for profit which then lead to dump in price. And just like you rightly pointed out, making good analysis on any coin before buy is the best way to start and using stop loss too is also good as well.

Greed is the reason why many investors are buying the newly listed coins in binance and not thinking what could be the result of their actions.

Fomo is not a good thing when you see the price is surging, anytime it can dump due to investors who take profit.

So if you're the last to buy then you'll end up having a coin that lose its value before you know it.

There's this craze that comes with binance new listing. Traders envisage a sharp increase in the value of the tokens. In most cases, that's the case, but the increase is not sustainable considering the fact that the project is not ready for such increase in value.

Such methods are relevant only in the market that we see now. when we will have a bull market this strategy will not be profitable. during a bull market, when coins listed on such a large exchange as Binance, the price immediately pumping and if you will wait a few months, then most likely it will be too late to buy

I thought that Binance stopped listing new altcoins on the platform and they list only projects that successfuly ended IEO pre-sale on Binance Launchpad, right?
The question is if it better to buy a coin in IEO phase or after exchange listing.

Honestly speaking,  cryptocurrency market is unpredictable. Gone are the days when binance listing announcement do cause a sudden pump that will last weeks if not month. I know quite a number of traders who FOMO on $mbl and got burned real well. For sometime now, the volatility of the market has made it really difficult for traders to make good profit even after proper TA

Almost all of IEO will be going down after its first listing on the exchange site. It looks like IEO has already used by the whale to create pnd scheme like ICO. After the downtrend of ICO and those whales are still looking for the new mechanism to create another pumping scheme to give them profit instantly.

This is not really that different than what happened to icos back in the day, at the beginning many icos that were released were successful since it was a new concept and some of the coins were really good, then people came to think that as long as you invested in any ico you will make money and scammers took advantage of that lack of rational thinking, and the same is happening with ieos and the altcoins listed on binance, some time ago when a coin was listed on binance it presented great profits but now things have changed and the people that have been unable to change their strategy are losing all their money by investing in those new coins.

Depends, those angel investors prefer to buy IEO at pre-sale because of the huge discount they can get and then sell when it reaches all time high. Usually IEO launching in Binance platform gives a good return, so many of them, with huge capital to begin with prefer to gamble early.

But for average Joe's, we wait for the exchange listing before we FOMO and join the bandwagon. It's easy to FOMO but the problem is how to get out of it. Because majority still thinks that the price could go on parabolic rise when there's already the sign that is is already on the bubble stage so they need to get out as not to be trap.

If people buy purely on something getting listed at some website, binance or not, then they deserve to lose their money.  Sorry but that might be the laziest strategy I have ever heard of.  Put a little more effort in and you can at least not buy the complete and utter scam coins.

binance FOMO only temporary moment for token or coin pump. when they already announced be winner in community vote usually traders start to liquid their position. if happen in many projects that announced will participate in binance community voting. buying just this reason really dangerous for us , and we must deeply research why we buy on coin or token.dont just based FOMO only.

I agree with this, it is true that usually new coins that are listed based on votes will most likely get lots of volume, so this is the reason many are FOMO. But the conditions will be different if the developer makes a fairly large amount of airdrops and rewards,and finally the decline occurs after being rewarded

The problem with those new listed alt-coins is that they would only be good for a short time but would ends up being dump the next.
Traders should learn to research about the project on what do they intend to do what are their plans and how would they be in the future.
Don't just pick it up because of the sudden increase of the price you could end up losing your money instead of gaining when you missed out the opportunity to sell it back when the price started to drop down in a short time.

Getting a coin listed on binance is not easy and if it does happen the coin value will surge for sure but OP is talking about free listing that cost nothing so yes it's definitely bad to FOMO on this, my best bet will be that the coin will only surge for short term only

For the free listing and binance will always be the place for sell. We have had some examples for coins that was getting free listing and the majority of the big holders have already prepared their coins to be sold after it was listed on binance. IEO may a little bit different than it but it's almost the same by getting dumped after early listing phase.

yes that's right, it's better if want to buy coins that will be listed in binance buy in other markets before coin listed in binance, it's better than buying coins prices have gone up

In general, it is quite dangerous to fall into the FOMO trap not only in the spectrum of Binance's coins, but also in any other, for example, the spectrum of top coins.

Perhaps they carry the greatest danger, if the binance coins, after listing, can be sold upward, then the coins from the top 100 list can behave in an unpredictable way.

Buy at the bottom, and never listen to those who advise you to buy a coin that has already increased in price.

It's really good as nothing if you only FOMO with the new altcoins listed on Binance because there is no guarantee that they will grow its value in the next months. It would be better to stick on top altcoins that have high marketcap and high trading volume so they would be more valuable in the next months to come.

Thats a good move. Buy it while the first day of announcement was made by Binance. Normally those coins that are participating will pump as the date of coin vote approaching. Yes, this is a risky venture and many will not try it but many have also gain from it. Its just the timing that needed to be sychronized here.

The Binance listed altcoins simply turn the green light for emotional traders along with the wise traders. The wise trader has a plan in mind when to enter the trade and when to exit from the trade. The ROI factor, risk/reward, and money management are important values in this case. Without considering the first factor, taking risks with uncalculated strategy can cause more problems, from my experience.

Agree, indeed we should be patient before deciding to buy. Many people assume that the coins listed on Binance will rise in price quickly even though it all depends on the product produced. Large exchangers such as Binance only connect investors with tokens so that if the tokens or coins are good, investors with large liquidity will easily get it

You are right but you will be surprised at how common is that strategy, and even if it worked for some time the markets have a tendency to adjust and take advantage of uninformed investors, most likely whales that can buy tokens for a discount realized this occurrence long time ago, and they found a way to exploit it by selling their coins immediately while there is a big interest coming from the community, they can sell a huge amount of coins without the price taking such a huge hit giving them almost instantaneous profits while the rest of investors will have to face the crash that will come once there is no one left to buy those coins.

To be listed in binance is an achievement for a cryptocurrency project, a junk project will not make it.

The price issue is different, and a good project does not rule out the possibility of being undervalued by the market.
You decide where your money is diverted, if you experience a loss, it is not the fault of the project where you invested your money but your responsibility.