Caution: Don't get carried away by social media vibes while trading

[Gozie51]

We should be wise and just follow those who could influence people to invest in a good coin not just for their own motive.

The challenge is that most times investors don't follow top coins because of the price. Example bnb coin that went high wasn't really that as people weren't hodling it but trading it until it went this high. Stellar too is of good value but is not being used. This is how opportunities are lost but shit coins are invested on because of cheap publicity on media especially from owners and team faking figures to attract investors.

[Kelvinid]

We should be wise and just follow those who could influence people to invest in a good coin not just for their own motive.

The challenge is that most times investors don't follow top coins because of the price. Example bnb coin that went high wasn't really that as people weren't hodling it but trading it until it went this high. Stellar too is of good value but is not being used. This is how opportunities are lost but shit coins are invested on because of cheap publicity on media especially from owners and team faking figures to attract investors.

Because in their minds is that they can be more profitable if they bought coins that are at cheap prices. They are thinking that this coin will be in hypes someday and doubled their investment. But I'm not sure if this still works because, at this time, there are no such hypes happening in the crypto market.

Social media is very influential to the market, Elon Musk did the tweet, people are to follow then. But if we look at how Doge been promoted by Elon, I see no big change in the price, still below $1. This means that even social media and know personality can't really give a huge influence on the market as the people had already learned from the past.

[pawanjain]

~snip

This is a pure act of pump and dump and it is a well known strategy by big whales to manipulate the market and earn profits out of it.
They create a FOMO in the market and spread the word by signalling groups and social media pages such as reddit, twitter, facebook etc.. and then start selling once their threshold has been met.
But people these days have become aware of such dumps and are less frequent to fall for such FOMOs.

[Yatsan]

You must not get carried away by those articles and news you found in social media and other online platforms but you may at least use those as a basis and keep yourself updated on the current trend so you can keep yourself up on what is the latest happenings because such can have an impact on the flow of the market change which can or cannot be favorable to you. Better be wise on weighing which one to be followed and which one must not be. It is still up to you to be wise on knowing what will be the best thing to do on your trades. You must just be aware of the happenings in your surroundings at all times and keep yourself updated because it can help you out a bit or more.

[blockman]

You must not get carried away by those articles and news you found in social media and other online platforms but you may at least use those as a basis and keep yourself updated on the current trend so you can keep yourself up on what is the latest happenings because such can have an impact on the flow of the market change which can or cannot be favorable to you. Better be wise on weighing which one to be followed and which one must not be. It is still up to you to be wise on knowing what will be the best thing to do on your trades. You must just be aware of the happenings in your surroundings at all times and keep yourself updated because it can help you out a bit or more.

Very true. Many of them should be followed and can get those info that are going to help you update what's with the market.
But if you happen to know how to distinguish between good and bad articles and posts on social media, you should refrain from reading those obvious ones that will only bring you bad vibes.

[Hamphser]

When it comes to emotion then you should stood strong because if you are just too fragile when it comes to emotion handling then most likely you would really be fall into those shills and fuds

that would circulate into the market.Sounds easy but this one will really takes time because experience would really be the thing that helps you out to be that emotionally prepared on what are
the probabilities of things that will happen ahead.

You should examine and be observant on what are the things that might happen and use it into your future investment or trading decisions.

[AakZaki]

Emotions become weak points, some of which cannot be overcome by even a professional trader. If it's too fragile and doesn't have a strategy of its own then it falls into the trap of the shillers and some of the fudders.

Social media is an important fundamentals besides doing technical analysis, because the fundamentals will be the same as some technical predictions made.

Like DOGE, which Elon Musk continues to promote. It's really the power of social media and with the unquestioned influence of Elon Musk.

[Oceat]

When it comes to emotion then you should stood strong because if you are just too fragile when it comes to emotion handling then most likely you would really be fall into those shills and fuds

that would circulate into the market.Sounds easy but this one will really takes time because experience would really be the thing that helps you out to be that emotionally prepared on what are
the probabilities of things that will happen ahead.

You should examine and be observant on what are the things that might happen and use it into your future investment or trading decisions.

Everyone can be fragile as you are there's no exceptions about that but just like what you've said, ones should stay strong and never be carried away with such emotions because it will drive your mind to a state where you have had a hard time to deal with. Just never ever be carried away with emotions when trading, just know the right stuff and do some research if in doubts.

It wouldn't hurt that much if you could just spend a little more time reading and doing some analysis before going in for a trade. And also trading is not that simple as buying then selling especially in this very volatile market. You need to have a plan in advance in order for you to make your trading successful.

You can use the social media as well as if it is your ace when trading and you will definitely see who's affected by the fud and fomo.

[gabbie2010]

~snip

This is a pure act of pump and dump and it is a well known strategy by big whales to manipulate the market and earn profits out of it.
They create a FOMO in the market and spread the word by signalling groups and social media pages such as reddit, twitter, facebook etc.. and then start selling once their threshold has been met.
But people these days have become aware of such dumps and are less frequent to fall for such FOMOs.

This tricks had been going on checked probably to decieve newbies who might fall for it, I had read and watched all those tricks on YouTube and other social media but I am not moved or carried away by this subtle way of tricking people having read so many articles on how whales tends to manipulate the market to their favor, however as trader I followed my instinct without any input from any signal provider or social media to trigger a trade.

[el kaka22]

If it is possible to control one's emotions then it will be possible to deal with the situation. You need to know the updated information about where the market is going and how it is being managed you have to try to understand the market from your own experience by relying on others social media started as an alternative genre but as it is evolving as an alternative medium here is given both good and bad information. You need to gain knowledge from good information most of the information is now available on social media.

It is not about controlling emotions, after a while you stop feeling anything when you see stuff like this. Like let's say that you see some social media trends, I have seen AVAX for example trending at the top yesterday, what happened? It was decent but didn't really skyrocketed anywhere and I kinda knew that already, I know that nothing big would happen.

There is this huge hype population that keeps pumping each other up, some people write about something and then others join and it grows bigger and bigger constantly, and that is why people think that it should go up, they believe that since there is thousands upon thousands of tweets about a coin that coin should go up, but you have to buy a lot of it to make it go up, hence that is why there is really nothing that would matter, in the end we are going to see those same people complain about "unfair" situations since "everyone" likes that coin from what they see from the tweets but the price is around the same.

[Mahanton]

Emotions become weak points, some of which cannot be overcome by even a professional trader. If it's too fragile and doesn't have a strategy of its own then it falls into the trap of the shillers and some of the fudders.

Social media is an important fundamentals besides doing technical analysis, because the fundamentals will be the same as some technical predictions made.

Like DOGE, which Elon Musk continues to promote. It's really the power of social media and with the unquestioned influence of Elon Musk.

You wont really be called professional if you do still stuck into this kind of common mistake or emotional error even though getting rid of it isnt going to be 100% but somewhat
it can really be lessen or handled out once you do gain up experience.It is hard because someone could only handle things up if he does already know on how market do works.
When everything he had able to see or grasp on on what would happen if he had reacted out of these shills and vibes that circulating in the market.You shouldnt let yourself
get dragged along with it because most of the time this is just false sentiment which would only lead for you to make bad decisions.

[wxa7115]

Those articles will not be effective unless it is from a social media influencer or celebrity even though they are not connected to cryptos it may affect the prices for a while.But people who are having experience in trading pays more attention to their analysis than watching those articles on news outlets.

We can't deny the fact that crypto market is highly manipulated so we need to learn how to survive them and make something out of them if possible.

One of the common mistakes of crypto traders who use social media these days is that they allow social media influencers to manipulate the market by following their posts and tweets. We shouldn't listen to them since most of them are just manipulating the market for their own benefit. We should be wise and just follow those who could influence people to invest in a good coin not just for their own motive.

That is a big mistake, people need to begin to learn how to use their common sense, they need to begin to question why someone that supposedly knows what the market is going to do is willing to give that information away for free? When you think about it you see that it doesn't make sense, if you knew what the market was going to do you should keep quiet and invest all the money that you can in such an asset that you know is going to go up.

It is obvious that those that are out there in social media telling you what coin to buy do so because they have already invested in that coin and they are expecting some other people to come to that market, buy the coin, make its price rise and benefit out of you when they sell their coins and they crash the market, but for some reason people never think of this, which is why we see so many traders losing their money relatively quickly when they invest on those coins.

[imstillthebest]

they are flooding the social media with coins that they want people to buy but i dont get carried away when they see it  but i feel irritated because they are spamming my wall  .
they arent helping me to cope up my stress that i had after a whole day of working because i use social media to get entertained .
last night when i open tiktok i saw a few content about btc but this dont make me mad because man that was btc and i can get benefit with that advertisement they do because i already have a btc .

[btc_angela]

When it comes to emotion then you should stood strong because if you are just too fragile when it comes to emotion handling then most likely you would really be fall into those shills and fuds that would circulate into the market.

Social media influencer knows how to play with our emotions, heck even hackers know the psychology or the nature of people that's why you really don't know that you are being scam at point blank.

You should examine and be observant on what are the things that might happen and use it into your future investment or trading decisions.

This is how you fight them off, look at every angle of things, not just when you see $$$ you will readily invest. Everyone should use our common sense, its not that hard, you just need to be grounded all the time.

[sana54210]

When it comes to emotion then you should stood strong because if you are just too fragile when it comes to emotion handling then most likely you would really be fall into those shills and fuds that would circulate into the market.

Social media influencer knows how to play with our emotions, heck even hackers know the psychology or the nature of people that's why you really don't know that you are being scam at point blank.

Unfortunately greed is bigger than IQ for most people. That is a sad fact, if you can convince people that they are going to make so much money that they will be capable of doing whatever the hell they want with the millions of dollars they will get and not have to deal with anyone, they will actually not care about what is going on and end up investing into it.

We have seen this thousands of times in crypto and god knows how many times in fiat world as well, people are way too greedy about things. That is why I think it is quite important to realize that we need to make a profit based on numbers and stats and not what some people say, people can say whatever they want but nobody can predict the market, only the numbers can speak about what the market is doing and that is what you should be trading for, that way at least you could profit a bit better.

[darewaller]

Lol there is really nothing new about this tactics, it is what is called pump and dump and there are people who their business is just that; they just go around looking for coins that they are going to pump and dump and that’s it for them, they don’t care about other traders or how their actions will be affecting those tokens, they are just interested in their pockets and that’s all.

So, it’s really nothing new, you will even see a lot of them that have groups on telegram and you will see them on Twitter and other social medias, looking for members that are going to join their P and D groups and they are also scammers. Best to stay clear from them.

[Rengga Jati]

Sometimes, this is true. If we are only following any hype and then we are FOMO, this will not be good. because we will always buy the coins when pump and then the price will commonly drop so significantly and easily because the hype era has ended. This case really happens to newcomers in cryptocurrency. Only following the news and fundamentals news on social media or others, and then get trapped on the high-price buying.

But, how do you know that the price is the lowest one? We cannot know it. But, we may see the prospect of the coins after buying, not because of the hype, but more because of some fundamentals issues that really relate to the coins and trusted enough (not based on hype). Additionally, every coin has its own up and down phase. It also needs to analyze whether the right time to buy, whether in a market correction.

[matchi2011]

Lol there is really nothing new about this tactics, it is what is called pump and dump and there are people who their business is just that; they just go around looking for coins that they are going to pump and dump and that’s it for them, they don’t care about other traders or how their actions will be affecting those tokens, they are just interested in their pockets and that’s all.

So, it’s really nothing new, you will even see a lot of them that have groups on telegram and you will see them on Twitter and other social medias, looking for members that are going to join their P and D groups and they are also scammers. Best to stay clear from them.

They'll use any venue to attract people to invest with their chosen coin, it's tough but if you understand the concept you'll be able
to avoid this kind of scheme.

Never to let those kinds of social media hypes interfere in any of your decision making, go with your own assessment trust your guts
and continue learning by your own observations.

[wxa7115]

Lol there is really nothing new about this tactics, it is what is called pump and dump and there are people who their business is just that; they just go around looking for coins that they are going to pump and dump and that’s it for them, they don’t care about other traders or how their actions will be affecting those tokens, they are just interested in their pockets and that’s all.

So, it’s really nothing new, you will even see a lot of them that have groups on telegram and you will see them on Twitter and other social medias, looking for members that are going to join their P and D groups and they are also scammers. Best to stay clear from them.

It is nothing new but scammers are always trying to find a way to disguise what they are doing so newbies keep falling into their traps and keep losing money, and the worst part of all is that they are being successful, newbies come to this market thinking they are going to become rich in just a few weeks and when people like us tell them this is not possible but they can obtain big profits with bitcoin as long as they hold for the long term they do not want to believe it.

Then they find people like these scammers that tell them exactly what they want to hear and think we know nothing about the market, then they get scammed and come here crying they have lost their money and hoping a miracle happens and they can recover their money, and then when we tell them this is not possible they leave the market thinking everyone is a scammer when they were the ones at fault to begin with.

[Fatunad]

Building up yourself to be tough in decision to be made when you do deal up with market where emotions should really be set aside and if you are someone who do easily
reacts anytime on hearing out some vibes then that might really be a big problem into you trading career because you do easily get distracted or influenced because of those things
and letting yourself get carried away and as said that with due experience you can really able to control up this thing.
You would realize the benefits and the problems that it can cause if you are really that keen on listening or reacting from time to time.