Do not FOMO on newly listed altcoins on Binance

[imstillthebest]

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   .

[hulla]

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.

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.

[kawetsriyanto]

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.

[freedomgo]

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.

[oscarftw]

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.

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.

[Ridwan Fauzi]

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.

[ned.ryerson]

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

[Rodeo02]

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.

[CryptopreneurBrainboss]

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.

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.

[akram143]

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.

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.

[LbtalkL]

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.

[LogitechMouse]

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.

[Showmeme]

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

[michellee]

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.

[BitTraderCute]

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

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.

[hd49728]

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.

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.

[freedomgo]

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.

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.

[minairia3]

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 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.

[tbterryboy]

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.

[Bohxz M4p4gm4h4l25]

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.

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.