Trade Bitcoin - AVOID "Get Rich Quick" Shit Coin Pump and Dump

[maianh09]

Predicting the price of bitcoin is always a crazy game. Trading large leverage margin on Bitcoin is a challenge. As you said 10-20% returns are small in the crypto market but are great for longtime forex traders. I used to fomo and lost all the money I had. I should have had a real plan instead of all in.

[1714668120]

1714668120

[1714668120]

1714668120

[1714668120]

1714668120

[1714668120]

1714668120

[1714668120]

1714668120

[1714668120]

1714668120

[Mike Mayor]

I don't know why a lot of people are fond of these get rich quick kind of thing. As long as I'm making an income I feel is okay, I wouldn't bother too much.

It's just like some of my friends that are always looking for a means faster means of getting rich. None of them have agreed to invest in Bitcoin because I told them that there is no guarantee the price will go up and that bitcoin is risky, you can lose at anytime. They all thought at first that the price of Bitcoin keeps going up and there is nothing like loss, but since that's not it, they have decided to stay clear from it. Investing in Bitcoin is all about having patience and investing what you can afford to lose.

They say they want to make money but their eyes go all big and oxygen fails to run to their head and they buy into the crap and start buying shitcoins will not purpose since they think they can just dump it during the pump that is apparently going to happen. No real investor gambles on such crap. This is a scam and like HYIP. They annoyed after they lose their money but they want the money right now so when good projects are around they don't pay attention because "the return is not good enough" I think that people like to lose their money.

[Sadlife]

People being greedy is what gets them to be scammed and causes them to hate crypto when it actually happens. One of the reason is the lack of knowledge on what they're getting into they'll invest into anything like HYIP, ponzi schemes like cloud minings or they'll ride the hype train due to FOMO. Once they lose all their money they blame bitcoin and spread negative feedback scaring future investors.

[Excell110]

I get your point buddy,  but not all coins are like that.
 A lot of them hold their grounds in the market, and a lot of people are happy they invested on the coin

[Ayiranorea]

Most of the time people end up losing out of the shitcoin trading. Very few people find to be lucky to get rich out of the same. People who invested during the year 2016-2017 on the shitcoins benefited big, while this didn't happened afterwards. This means with the bullish move almost every cryptocurrency experienced growth that made people rich. Right now it is good to go with low price potential cryptocurrencies on the top liat than shit coins that are pumped and dumped by the team itself.

[GideonGono]

Most of the time people end up losing out of the shitcoin trading. Very few people find to be lucky to get rich out of the same. People who invested during the year 2016-2017 on the shitcoins benefited big, while this didn't happened afterwards. This means with the bullish move almost every cryptocurrency experienced growth that made people rich. Right now it is good to go with low price potential cryptocurrencies on the top liat than shit coins that are pumped and dumped by the team itself.

Logically speaking, no one profits in joining pump and dump schemes other than those who are head behind all this. Joining it simply makes you a puppet and willingly donate your money to them. A responsible trader should know themselves the market and trade accordingly by trying to project the price through methods like technical analysis along with the news. You should not rely to other people and trust yourself even more by educating yourself since the knowledge nowadays is just a the tip of your finger. What you only need to do is to have some dedication, determination and time to learn.

[barabarian1]

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's why now I no longer want to invest in new coins is very risky. I have experienced two large investment losses in new coins. the price only went up 2 times after being registered in the exchange then after that it continued to decline and become shitcoin. better to invest in bitcoin I think is more profitable and safe even though we have to wait long enough for bitcoin to pump again.

[p3ppymon]

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 am not entirely sure about this. But I am sure that you can be much more profitable with trading one shitcoin and gain 200% rather than keep ping-ponging a more stable coin until you reach the aforementioned threshold.
IMHO, risking to get more profit is more lucrative than a stagnant trading strategy.

[Palider]

This is difficult to avoid because similar pumps and dumps occur in reputable coins. So if we can't avoid it better then let's face it and be smart in these scammers' steps. It's better to just follow the wave they are making, so that we can have a profit here too.

[xvids]

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.

People who usually get stuck in those shit-coins are the greedy one's and usually the one's who listen to pump and dump signal group.
Most of those people are lazy so they would just depend on other peoples decision and they would later on cry and scream scam all over the internet.

[Rodeo02]

This is difficult to avoid because similar pumps and dumps occur in reputable coins. So if we can't avoid it better then let's face it and be smart in these scammers' steps. It's better to just follow the wave they are making, so that we can have a profit here too.

Dangerous idea , if you just following whats in the trend or wave of the altcoin you want to enter just to have profit, you can get stuck and instead of profit you will lost your money with that decision. Dont just go with flow better enter early then sell iy always in time.

[AliMan]

This is difficult to avoid because similar pumps and dumps occur in reputable coins. So if we can't avoid it better then let's face it and be smart in these scammers' steps. It's better to just follow the wave they are making, so that we can have a profit here too.

Dangerous idea , if you just following whats in the trend or wave of the altcoin you want to enter just to have profit, you can get stuck and instead of profit you will lost your money with that decision. Dont just go with flow better enter early then sell iy always in time.

Don't ever try to be more aggressive with certain decision, because you may feel in the future and won't gain good results. Losing money can frustrate us, and definitely won't give you good emotions to face the current struggles. What's best for this time, having patience is our only way to deal with recent problems, eventually as time will be older; recovering the value of our asset might took us more time grow at promising value.

[akirasendo17]

its a matter of when and what are you going to trade remember, that to get rich you have to be smart,
it doesn't matter you have to be very careful on things even shitcoins can make you rich its just when
are you going to let go , you see being greedy is the main reason imagine if you hold 3000 bitcoins now
you then imagine after 2 years you'll be a millionaire, see that being greedy why? after a few days you
can get profit, but what are we thinking 2 years, its okay to be greedy but you also have to be smart
holding lots of bitcoin doesn't mean your sure, its when you already have enough and not to much