AUDIO massive pump after surprise Binance support

[bryant.coleman]

When a cryptocurrency goes up just because it is listed in an exchange, you know that the spike is not going to last for much long. Only if it is having any real life usage, the prices are going to remain stable. Just checked the charts for Audius, and it is very clear. Five days ago, the exchange rate was BTC0.00003721. The current price is BTC0.00001088. That represents a crash of more than 70% in just 5 days.

[btc_angela]

When a cryptocurrency goes up just because it is listed in an exchange, you know that the spike is not going to last for much long. Only if it is having any real life usage, the prices are going to remain stable. Just checked the charts for Audius, and it is very clear. Five days ago, the exchange rate was BTC0.00003721. The current price is BTC0.00001088. That represents a crash of more than 70% in just 5 days.

Yes, I understand, that's why you really need to have some kind of information, prior to the spike so that you can take advantage, but it's hard for us, maybe for some whales or close to the project itself, nevertheless the recent spike and the subsequent down ward spiral just shows how dangerous crypto investing it, specially if you are buy during it's peak. There's no way for you to recover, so it's either you sell at a loss or keep sticking with the project for many months and years and wait for it to bounce back.

[jademaxsuy]

Yes, Binance has a good community and support as always. A coin that will gets listed into that exchange and then gets hype just like what OP did will going to make a boost and massive pump. In this case 0.04 to 0.16$ is a good market price increase.  It seems that the current market price since launch had been increase to 400% as of the moment.

Not really bad and this I hope that other coins as well will get listed to binance and pump as well by the community.

[semobo]

Anyone heard of AUDIO?

Crypto for music, AUDIO up by 500%

A newly designed crypto is presently gaining waves with the aid of the world’s biggest crypto exchange Binance.

A few days ago the decentralized music streaming platform Audius (AUDIO) launched its crypto. The coin traded as low as $0.04 on launch day, according to Coinmarketcap.

However that became history as the macro, showing Binance would be supporting the pretty unknown crypto catalyzed a steep upward price movement that sent it as high as $0.50, which represents a surge of 1,125% in a span of a few hours, before presently trading at the time this report was drafted at 0.21140 with a gain close to 500% since its launch.

The macro making this crypto asset blue hot amidst thousands of crypto is largely attributed to these statement released by Binance

https://nairametrics.com/2020/10/25/crypto-for-music-audio-up-by-500/

And that's what Binance can do, LOL, a simply statement make this project create a hype and pump so hard that if you are an early investors, you could have made a ton of money. So who amongst you were early investors of AUDIO?

Or majority here miss the boat?

Just realizing the existence of such project, 500% profits in very short time.Yes its really huge profits for early investors but this project can survive in the long term?

I see this as another bump and dump coin in the cryptocurrency space.

[adzino]

Never heard of AUDIO. And just because Binance is supporting a coin by listing them doesn't mean that coin is good or anything. Even after getting listed the developers might decide to dump their coins after a hype has been created and people started investing in it. Looks like the price of AUDIO is already down by 18%. I wonder why...
And as far as I know, there are community voted coins that get listed. It isn't that hard to convince people (and bots) to vote for their shit coins.
Just want to say, don't fall for these massive "pumps". You might end up regretting.

[Squezzi55]

Crypto music projects of the past sucks so much, I had a thing for them but they failed me all, I believe the reason why this coin pumps is binance, that's all, I would be surprised if the audio coin makes use if it's real use case for the whole world, majority of music coins have good starts and that's it, in time they fade away, I will watch out for this one

[btcdie]

That is commonplace on the Binance exchange. Any coins / tokens new listed on the Binance exchange will be pumped 2x - 15x, specifically the launchpad, the new launchpool. This is HYPE and after pump surely the price will go down, until the trader or investor declares the price accordingly.

Maybe OP has had AUDIO in the past or is currently already take a profit.  

[death69]

Few people might benefit from this activity, especially who work with Binance company. And as a veteran trader, Im not very interested in trading with FOMO news. Binance is the biggest crypto exchange right now and any coin which appears on this platform receiving huge attention from investors and traders. However, you can not always follow the boat and because of that reason, I rather make my investment on stable assets which I can easily make an analysis. There have been thousands of projects claiming they would be able to be listed on Binance. But the fact is only few of them actually get noticed. 

Therefore, understanding trading helps you to make money mostly every occasion and you do not have to wait for any coin to be listed or pumped in order to get rich. Knowledge is way more better than a short term income. Easy money create greedy. And greed easily consume you and the result you will soon lose every penny that you have made

[Kunnu]

Undoubtedly with the name of binance audio has achieved a decent growth in its price. This not surprising at all these days binance known for this kind of pump and dump attempts, probably there will be many people who have made good amount of profit with audio by entering on right time but it's not mean that it may happen again people must understand the clever moves of binance and make decisions responsibly and carefully.

[akirasendo17]

check the token you are talking about, from .4USD now its .1 USD, its normal for a coin to pump for the first release but as soon as the days goes by, maybe they have found out something, check out the site looks good, but at the end of the day those who bought the token, is just trading, and they are going to sell it sooner or later, if this project gives a lot of airdrops, to the community they have lots now, such a shame I never heard of this before only now.

[slaman29]

Im not that conservative, when chance of profiting is knocking your door. Just last night, I fomo on a hype influencer for a shitcoin, well risk a little of 0.3eth and become 1.1eth. Also it goes down after some time. Well good exit, ATH should be 1.7eth, if I exited on that time but profit is profit. I didnt know much about it use case since it a shitcoin. Point here is sometime fomo can gain you profit.

I was like that when I first started out and I probably actually made a little bit of money overall (losing a lot but also gaining a lot) but in the end I realized I was firstly wasting a LOT of time, and secondly causing myself a lot of unnecessary worry and stress. You can get it right 10 times but lose 2 times and it's not worth it.

[bryant.coleman]

Yes, I understand, that's why you really need to have some kind of information, prior to the spike so that you can take advantage, but it's hard for us, maybe for some whales or close to the project itself, nevertheless the recent spike and the subsequent down ward spiral just shows how dangerous crypto investing it, specially if you are buy during it's peak. There's no way for you to recover, so it's either you sell at a loss or keep sticking with the project for many months and years and wait for it to bounce back.

Obviously, if you want to profit from a lesser known altcoin, then you need to invest in it before it gets listed in any of the major exchanges. Once it gets listed in exchanges such as Binance and Huobi, the prices will surge to a very high level. You can still invest at this point, but now the potential return is low and probability of risk is high. That's why you should always analyze news related to these coins. If you get to know about the exchange listing a few days prior, then you can make a lot of money out of it.

[amishmanish]

Nobody should fall for this kind of FOMO investments once they have pumped. Only if you are actually going to use the product, then put in money. If you cannot find a way to use it, rest assured that nobody else will. There is much greater chances of loss and regret after investing in these things.

I get your point. Fomo is dangerous if you are not that kind of person. But based on experience, I can tell you that sometime its work especially the influencer that promote or shill it is highly capable of bringing a good crowd or investor into it.
--snip--
Im not that conservative, when chance of profiting is knocking your door. Just last night, I fomo on a hype influencer for a shitcoin, well risk a little of 0.3eth and become 1.1eth. Also it goes down after some time.  

Haha. Thanks for sharing that personal experience. You are right that most of the money is being made by right exit and jumping on the bandwagon at the right time when the shitcoin promoter is shilling it. Its all about how much risk you can take, Personally, I find it troubling that most of the people involved in alt-coins and crypto outside of bitcoin are just chasing these "gainz". In the process, everything from insider trading to shilling is considered fair game. This harms even those projects where the developers are actually sincere. Because nothing is working in this market without shilling.

At the end, its just a lot of wealth transfer. Most of the time it is the whales that are profiting as they are the ones who can manage these pumps better than the average small investor FOMOing into it.

[Darlingtona]

The FOMO for Audio was really sad as people jumped in, bought and faced rekt upon listing. Guess there was minted tokens from 2m to 23m. I heard so. It's sad and nobody cares. I love YNTI as steady as it is. Grows organically plus some other projects.

[cryptoaddictchie]

Personally, I find it troubling that most of the people involved in alt-coins and crypto outside of bitcoin are just chasing these "gainz". In the process, everything from insider trading to shilling is considered fair game.

I think, I could say yes. Why would I invest or trade on these shitcoins if its not on gains right? I have segregate funds for trading a normal project and these shitcoin. Shilling is maybe a tactics and actually for degen traders it really works.

This harms even those projects where the developers are actually sincere. Because nothing is working in this market without shilling.

You are right. Even with good projects or bigger legit ones without much news their coin will not gain so much attention, so I say that shilling is part of the technique too, well technical analysis works but lets admit when someone talking about the project everyone tempted to fomo.

[LogitechMouse]

And that's what Binance can do, LOL, a simply statement make this project create a hype and pump so hard that if you are an early investors, you could have made a ton of money. So who amongst you were early investors of AUDIO?

Sometime I got jealous to those insiders of Binance token listing. They have known when they got to buy the tokens that will be listed. That is surely an easy money and entry for new listing. Ive fomo with this one and got toast. I think fomo is really dangerous and only risk taker can accept the consequence of it.

Now its down already probably some whale ripped the profits and leave now.

1day announcement and got some huge gains. Thats how binance hype really can do.

I know the feeling of getting FOMO'ed by a certain coin especially when its newly listed one.

I didn't ever tried to invest into newly listed tokens on Binance since I know that this is a pump and dump scheme at first but getting FOMO'ed on these will be the ones that I will not do anymore. I almost throw my phone and cried a bit when I got FOMO'ed by this one shitcoin (better not to say ).

What do you expect from Binance? Its the largest crypto exchange platform right now and one article coming from them will change the price of the coin immediately so lucky for those who held the token for quite some time since they got some profits from it.

[shoreno]

The FOMO for Audio was really sad as people jumped in, bought and faced rekt upon listing.

are you sure you read whats written on the front page ? it was clearly stated that the coin pump not dumped , no one got rekt yet but we dont know if the increase continues or this was just another hype but what important is that early lucky investors already gain much profit , they can choose to leave or continue and got lucky again soon ?  

never heard of the coin audio before but there were cool coin names that were out lately  . i rememember there was boom coin and bass coin last time which also sound like or connected to audio coin

[cryptomaniac_xxx]

Maybe we add this project to the list that has been pumped massively because of Binance. And who would forget about the IEO craze as well wherein Binance was the launchpad? those tokens where bought in matter of seconds literally. I wonder though what did Binance see in this project to sway them to invest as such? Maybe they are thinking that this kind of project will be the next wave of hype in the future.

[cryptoaddictchie]

I didn't ever tried to invest into newly listed tokens on Binance since I know that this is a pump and dump scheme at first but getting FOMO'ed on these will be the ones that I will not do anymore. I almost throw my phone and cried a bit when I got FOMO'ed by this one shitcoin (better not to say ).

Maybe it depends on the project too. Haha I know this scheme also, Its just I regret not into fomo during sxp and it did x4 easily then when I tried to fomo on audio, it got rekt. Salty experience actually. It seems you learn your lessons with this. Im not gonna stop haha no gains on not risking maybe luck is just out of my grasp right now but Im sure one day, it will be eventually caught off guard.

I wonder though what did Binance see in this project to sway them to invest as such? Maybe they are thinking that this kind of project will be the next wave of hype in the future.

Maybe, some project are well acquaintance with some of the big exchanges like CZ. Maybe connections I guess, or the idea is really dope.

[kapalmabur]

when a token or coin is able to be listed on Binance, it is not possible for the price of the coin or token to soar, look at Audio,
Audio is capable of high pumping, and not only Audio, all coins that have been listed experience the same thing,
but after that the market which determines the price, make sure you sell when the high price is reached!