Do not FOMO on newly listed altcoins on Binance

[leea-1334]

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.

Not in my experience! Most traders I know they are all fine and calm when they are making some small profits or even making steady but tiny losses. But the minute things continue to keep going against them or they see a platform start making moves they feel is unfair, then they all get so whiny and complain so loudly. Trust me, same will be for these binance altcoins!

[posi]

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.

You're right but i think the reason why the OP mention binanxe name is because a lot of crypto investors and enthusiast trust in binance due to the result of their first, second etc IEO result/restriction before accepting new IEO and the SAFU used by them to secure their users fund.

[RealMalatesta]

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.

Many of the investors make mistake by following the trend each time. They just buy random coins depending on the market supply and 24 hours volume. There are some tickers which indicate coins having major volume in 24 hours and many newbies usually just buy coins depending on such tickers which at the last they have to regret to enter the wrong markets at the wrong price.

This is only because they do not take the efforts to make their own research before investing into such coins. Professional traders/investors would always make a deep research about any coin they are buying and that is what never makes them face any loss. Newbies should try to upgrade themselves in order to minimize the loss.

[shaheer001]

I think Binance don't list scam or ordinary projects they also research and the project which goes live on Binance or other big exchanges like OKex etc itself has great potential as they pay huge for listing on such big exchanges.

[coinfinger]

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.

Not in my experience! Most traders I know they are all fine and calm when they are making some small profits or even making steady but tiny losses. But the minute things continue to keep going against them or they see a platform start making moves they feel is unfair, then they all get so whiny and complain so loudly. Trust me, same will be for these binance altcoins!

The specific coin which we want to invest only depends on our will. We have no right to blame anyone else for making our investment as it totally depends on us.

Binance has a number of coins and we are not really sure that each of such altcoin is potential only because it is listed on binance exchange. There are some shit projects which are capable to pay higher fees in order to get listed onto exchanges like binance where many people buy those coins at the initial stage expecting higher returns but it is not always what we expected. The price for such coins might dump hard only because they do not have a strong product backing them, or a poor team or any such phenomenons.

[Chuky92]

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.

Fomo isn't only for newly listed coins, whether for newly listed coins or not, whether it is on Binance exchange or not, Fomo is not good neither is it adviced. Most times people might come across a trading signal, maybe from "experts" and might come across the coin price rising, most always throw caution to the wind and then fomo sets in; this is same is for any newly listed coins on top or major exchanges. I hope people will learn to seek the right things which will make them go after a coin rather than fomo which will only turn them to bag holders thus will end up selling at loss.

[gundala]

FOMO is indeed not good, it can be avoided by having a strong, fundamental and technical analysis base. However, the coins and tokens listed on Binance have a plus and attract broad market interest. So that even at a glance, it can be used as a moment to benefit. The key is to be keen to see the situation, determine the right timing, and release everything if a decline starts.

[Zemomtum]

This is not on Binance alone but on other exchanges. If I saw a good project that will be listed on any reputable exchange, I will wait for a breath up to a month before considering buying and most often, I get them lower than half of the listed price. Let us be wise in this market.

[dongosquad]

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.

This is the importance of learning from mistakes so that we will not be trapped in the same mistakes. Don't give up and continue to improve strategies to get profits.
Well, I've lost confidence in new coins or tokens, 2018 has given quite a bit of bitter taste. But that is a fact that we must face, full of risk right? and one of the safest ways, in my opinion, is to join IEO at Binance, but not FOMO. Do the best analysis, determine the right timing, give a limit to the stop loss. Why do I recommend Binance, because there is enough evidence that some of the coins and tokens that IEO has gained wide market interest

[rdewilde]

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.

Chasing after a moving train in this case, a newly listed coin is a terrible idea because doing such means fomo is already in place which will likely end badly at least from other experiences. This fomo being talked about isn't only on Binance it is on other exchanges but the issue is the one of Binance always comes with many hype thus everyone seeking for profit which then lead to dump in price. And just like you rightly pointed out, making good analysis on any coin before buy is the best way to start and using stop loss too is also good as well.

[lienfaye]

Greed is the reason why many investors are buying the newly listed coins in binance and not thinking what could be the result of their actions.

Fomo is not a good thing when you see the price is surging, anytime it can dump due to investors who take profit.

So if you're the last to buy then you'll end up having a coin that lose its value before you know it.

[Bossfidelity]

There's this craze that comes with binance new listing. Traders envisage a sharp increase in the value of the tokens. In most cases, that's the case, but the increase is not sustainable considering the fact that the project is not ready for such increase in value.

[nutriagrigia]

This is not on Binance alone but on other exchanges. If I saw a good project that will be listed on any reputable exchange, I will wait for a breath up to a month before considering buying and most often, I get them lower than half of the listed price. Let us be wise in this market.

Such methods are relevant only in the market that we see now. when we will have a bull market this strategy will not be profitable. during a bull market, when coins listed on such a large exchange as Binance, the price immediately pumping and if you will wait a few months, then most likely it will be too late to buy

[ATSgrowth]

I thought that Binance stopped listing new altcoins on the platform and they list only projects that successfuly ended IEO pre-sale on Binance Launchpad, right?
The question is if it better to buy a coin in IEO phase or after exchange listing.

[Utoy101]

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.

Honestly speaking,  cryptocurrency market is unpredictable. Gone are the days when binance listing announcement do cause a sudden pump that will last weeks if not month. I know quite a number of traders who FOMO on $mbl and got burned real well. For sometime now, the volatility of the market has made it really difficult for traders to make good profit even after proper TA

[lobo13hf]

This is not on Binance alone but on other exchanges. If I saw a good project that will be listed on any reputable exchange, I will wait for a breath up to a month before considering buying and most often, I get them lower than half of the listed price. Let us be wise in this market.

Almost all of IEO will be going down after its first listing on the exchange site. It looks like IEO has already used by the whale to create pnd scheme like ICO. After the downtrend of ICO and those whales are still looking for the new mechanism to create another pumping scheme to give them profit instantly.

[South Park]

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.

This is not really that different than what happened to icos back in the day, at the beginning many icos that were released were successful since it was a new concept and some of the coins were really good, then people came to think that as long as you invested in any ico you will make money and scammers took advantage of that lack of rational thinking, and the same is happening with ieos and the altcoins listed on binance, some time ago when a coin was listed on binance it presented great profits but now things have changed and the people that have been unable to change their strategy are losing all their money by investing in those new coins.

[Kemarit]

I thought that Binance stopped listing new altcoins on the platform and they list only projects that successfuly ended IEO pre-sale on Binance Launchpad, right?
The question is if it better to buy a coin in IEO phase or after exchange listing.

Depends, those angel investors prefer to buy IEO at pre-sale because of the huge discount they can get and then sell when it reaches all time high. Usually IEO launching in Binance platform gives a good return, so many of them, with huge capital to begin with prefer to gamble early.

But for average Joe's, we wait for the exchange listing before we FOMO and join the bandwagon. It's easy to FOMO but the problem is how to get out of it. Because majority still thinks that the price could go on parabolic rise when there's already the sign that is is already on the bubble stage so they need to get out as not to be trap.

[wheelz1200]

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.

If people buy purely on something getting listed at some website, binance or not, then they deserve to lose their money.  Sorry but that might be the laziest strategy I have ever heard of.  Put a little more effort in and you can at least not buy the complete and utter scam coins.

[BitTraderCute]

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.

If people buy purely on something getting listed at some website, binance or not, then they deserve to lose their money.  Sorry but that might be the laziest strategy I have ever heard of.  Put a little more effort in and you can at least not buy the complete and utter scam coins.

binance FOMO only temporary moment for token or coin pump. when they already announced be winner in community vote usually traders start to liquid their position. if happen in many projects that announced will participate in binance community voting. buying just this reason really dangerous for us , and we must deeply research why we buy on coin or token.dont just based FOMO only.