I have taken out time, to look at a live chat of some exchanges chat rooms. What you see there is a heavy speculations and persuasions to buy or sell a/some tokens with a frivolous claim that it will ever moon heavily or dump badly. Now here is something I have notice overtime, the ones they would say "buy now and Lambo later" will usually dump real bad causing insensible investors to loss fund. In the other way, the tokens they recommended you to sell or cry later will go on to break every resistance and go ATH.
I have followed twice in such calls, I won one and loss one completely. But currently, I do not follow anymore but just only read the chat as a for of comical jesting. What do you think of exchange chat rooms?
To me, I think that the chat room of most exchange causes more harm than good to many coin and tokens. Lot of fudders are in there there creating unnecessary panic and anxiety for others (weak minded) who literally believe everything said in the chat room. Most exchange chat room /box needs to be closed although their functionality and existence also depends on it just like MERCATOX.
We need to say a big NO to irrelevant and dramatic chat rooms in exchanges to avoid loss of funds.
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