Bitcoin Forum

hi,

I see on Binance announcements about new coins /pairs to be traded and people seems to see these as gold mines.
Can you explain the process, how to trade such new coins?

I was watching SFP and DODO: big initial value then it dropped at half price in the next minutes then started again to go up and down...

What's the moment to trade? Any tips&tricks?

This is based on my observation but in my opinion if the new coin that will be listed on the binance will always be pumped after it already traded on binance. I just try to buy SFP at the early trade which was around less than $1 and i was able to selling it 2x from my intitial buy.
When you are seeing up and down, that's volatility in the crypto market (demand and supply)
The new coin will always be pumped on binance and it will be dumped again. I just take early trade as opportunity to buy the coin. DYOR

I hear some trick from people, they buy coin when binance listing rumour heared, they buy it on another market which list that coin too.
Just before the listing happens, sell some percentage of the coins (if the price already high) and send the last coins to the Binance to hold for a short time (because sometimes theres another pump).

Not unless it's only listed on Binance first.

But if it's also available in other markets, that's what they really do. Those traders that have been following listings on Binance are very active and quick to research which exchanges has that coin and they'll buy it.

After buying, they'll wait for the official listing on Binance and will send the coin there which is about to be dumped with a higher price.

If a new project will be list on Binance, there’s a hype happening around that project and usually the price goes up right before the exchange listing and yes they play short to make easy profit. Binance considered as the best exchange and that’s why this is the best platform for a new project so that they can attract many investors. You can just do spot trading and see the pair of that new token.

yes, thats right for a new project, but for a new pairs the impact will go to the trading volume mate
wich mean the trading volume will increasing if a new pair come to any altcoins in binance exchange

The fact that if the coin getting started and that could always become the best time to buy. When you are trading on the major exchange site and you will always see the pump after the trader is getting started.
That's a common movement and so many people aware of that dude and that's why people are always trying to enter the market when they were seeing the coin is only getting started.
Hype is a chance for you to make some bucks from there.