Do not FOMO on newly listed altcoins on Binance

[irixo10]

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.

[freedomgo]

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.

[qazgroup]

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.

[Kunnu]

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.

[masterrex]

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.   

[Jannyh]

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.

[samcrypto]

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.

[luckyflop]

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.

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

[Gheka]

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.

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

[killerfrost]

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

[South Park]

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.

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.

[Tipstar]

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.

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.

[enhu]

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.

[mbakruroh]

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.

[Furryball]

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

[trauchot]

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.

[hirngespenst]

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!

[aemma]

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.

[mdzahed134]

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.

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

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.                

[Mulann2]

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.