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

[Armani123]

Fellows, this is a Big Deal.
Don't get carried away by social medias such as Telegram, Twitter, Reddit etc's vibes that has gone viral. These articles prompts user to invest in particular cryptos as they predict that there is going to be a hugh bullish trend. This is purely a marketing stunt from giant traders to make a quick profit from the misfortune and duped small time traders.

What the Big traders do is that, they buy a stock while it is very low. Then they starts rumour mill encouraging all to invest in that particular stock as they predict hugh profit from it. So naturally, traders start buying these stocks with an intention of making hugh profit. As a result, since there is maximum purchase, the price of the stock shoots high.

When the Big traders as satisfied with the profit they have incurred from the stock, they dump their stock, which ultimately reduces the value of stock to a minimum.

The outcome is that, hugh traders make a hansome profit, while the small time traders are left haplessly holding onto their stock, since they cannot sell at a hugh loss. They have to wait for a long duration hoping to dump their stocks when the market raises its bullish trend, which could take months.

Small time traders can also make a hugh profit if they are able to time the market and invest before the market trend shoots up high. But for those who are late and invest at the last moment, buying stocks at stiff price hoping the market would keep on climbing, its a big misfortune.

So fellows, invest while the price is at its lowest and dump the stock when you attain a profit.

Viketo Sumi (Armani123)

[tabas]

You said it right that those articles that highlight particular crypto are obviously doing it for marketing. If they are not part of the team, then they're doing some affiliated marketing which they'll attach a referral link that will be used by them to take a commission if one of their readers decided to buy in that sale. Shilling, marketing, PR, and other terms that you call it, just be a responsible investor and always use several references as you research before investing.

[ultrloa]

You said it right that those articles that highlight particular crypto are obviously doing it for marketing. If they are not part of the team, then they're doing some affiliated marketing which they'll attach a referral link that will be used by them to take a commission if one of their readers decided to buy in that sale. Shilling, marketing, PR, and other terms that you call it, just be a responsible investor and always use several references as you research before investing.

But actually you can get an input on what's currently happening in the market and it's great to take advantage with it, just buy the news and once you see some sudden constant changes that might endanger your profit then sell just make sure that you will not end up bag holding. Remember that's how manipulator works that's why we need to be alert so that we can earn by following them.

[mersal]

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.

[TravelMug]

You failed to include Youtube as well. There are a lot of so called experts traders there and pretend that they know all and will just shill for their coins. And obviously these people don't know what they are doing and just giving random advise to all noobs.

And then someone are going to fall for their trick, start investing on the coins they shill and the result? Total disaster for beginners. Hard and very expensive lessons for them to learn. Used our common sense, study the market, spend more time in crypto sphere if you really wanted to make huge profit by yourself and without this social media influencers.

[Xinarae*]

I agree that it is possible to succeed in business by applying your own wisdom to the advice of others. The risk is low and there is no need to consult others if the market can be analyzed properly this will make it easier for you to get the idea of ​​the right signal for your business through the latest updated information about the market. Newcomers rely on social media most of the time so they can't survive in the market for very long. Social media is subconsciously making our minds more judgmental day after day the use of social media over a long period of time gradually reduces the ability to concentrate.

[GreatArkansas]

If you are a trader, this kind of activity may profitable to you BUT risky too.
I already tried this before, it's like "go with the flow", even you are late, but it's up to you how you define late with this kind of activity, but most of my entry before was all profitable, entered at pullback then I am sticking with my goal or price target, profit is already a profit.
Some also are taking advantage of this activity by betting against it, like maybe after some huge price action, they are betting against it, to drop if you are against on the pump, vice versa with bullish if is dumping.

[ultrloa]

If you are a trader, this kind of activity may profitable to you BUT risky too.
I already tried this before, it's like "go with the flow", even you are late, but it's up to you how you define late with this kind of activity, but most of my entry before was all profitable, entered at pullback then I am sticking with my goal or price target, profit is already a profit.
Some also are taking advantage of this activity by betting against it, like maybe after some huge price action, they are betting against it, to drop if you are against on the pump, vice versa with bullish if is dumping.

I don't trade without reading the news since it's like doing something without knowing on what's happening in the world that's why I always look for that news since it gives us a hint that there is a incoming hype or fud. The one we make sure there is we don't hope for more since if we look for more profits it might possibly end up a more losses to us once the hyped gone.

[tabas]

You said it right that those articles that highlight particular crypto are obviously doing it for marketing. If they are not part of the team, then they're doing some affiliated marketing which they'll attach a referral link that will be used by them to take a commission if one of their readers decided to buy in that sale. Shilling, marketing, PR, and other terms that you call it, just be a responsible investor and always use several references as you research before investing.

But actually you can get an input on what's currently happening in the market and it's great to take advantage with it, just buy the news and once you see some sudden constant changes that might endanger your profit then sell just make sure that you will not end up bag holding. Remember that's how manipulator works that's why we need to be alert so that we can earn by following them.

I am saying those PR stunts about marketing but in trading's aspect, you're right. You get to hear and read the news and you're the one who choose what to do with it.
If you can see that you can take advantage of it as a buying or selling signal, you can do it as if that is your strategy.

[hugeblack]

The words are easy, but the application is difficult.
Whenever you determine that the price of the stock or cryptocurrency is low, for example, Bitcoin is currently $ 45,000.

Following how the price interacts is what determines the low price, but at this point you must believe that the currency will rise because many altcoins are pumping and dumping models and may not rise at all again.

[Taskford]

The words are easy, but the application is difficult.
Whenever you determine that the price of the stock or cryptocurrency is low, for example, Bitcoin is currently $ 45,000.

Following how the price interacts is what determines the low price, but at this point you must believe that the currency will rise because many altcoins are pumping and dumping models and may not rise at all again.

It's difficult for the user who always caught by FOMO's but for experience guys they make those news as their basis to find what is currently hit on the market and trade them since profitable in a short while.

People should now that this is how the fuds work that's why if they want to trade those coins highlighted on the news they should assure to theirselves that they will never get hyped and think about holding for long term purposes since they might bag hold or lose their money.

[buwaytress]

Or, just do get carried away with it and allow the inorganic nature of hype cycles to organically grow and die down, the way we want them to =D

If bubbles don't grow and burst, how else are the patient normies like me going to make our entrance happily to pick up all the discarded cheap coins?

Tweet it, Retweet it, reddit it and whatever. Flood TikTok. Nothing changes for most of us here just sitting on Bitcoin.

[barbara44]

It is right that social media and articles published in most of the blogs are nothing but made to spread FUD and make people react in a particular manner which benefits big companies ultimately.

The outcome is that, hugh traders make a hansome profit, while the small time traders are left haplessly holding onto their stock, since they cannot sell at a hugh loss. They have to wait for a long duration hoping to dump their stocks when the market raises its bullish trend, which could take months.

Yes, because they got carried away with the social media discussions and what others thought. There are big IT centers made just to brain wash people through these social media posts and unless we use our own mental, they are just too powerful and easily manipulate us.

Earlier I used to follow what's happening in market and check articles when for example a dump is happening and it seemed like that's the end of bitcoins but now with time I have learned that these so called analyst are nothing but paid authors who will just publish articles for money.

[milewilda]

One of the most common problem by traders specially the noobs but doesnt mean it will exempt even those veteran or who do trade for a while now.
Dont really let yourself fall into those hands of influencers or shillers out there.It will surely greatly affect your decisioning towards your investment
if you do let them for you to believe about their calls.Stood strong on your own and dont really get influenced because if you do and the market
did really dump instead of gaining then you would surely be blaming them off and that would really be an unsatisfying feeling.

[seoincorporation]

Socialmedia is one of the most important source of information, channels like 'The whale club' show us when big amount of coins has been spent. And this kind of feedback help us to take a smart decision. But we must be careful with all the other messages to find because if we trust in anyone we could make big mistakes.

So, is important to be smart and ride the right waves when we talk about social media.

[Sinjokubhi]

You said it right that those articles that highlight particular crypto are obviously doing it for marketing. If they are not part of the team, then they're doing some affiliated marketing which they'll attach a referral link that will be used by them to take a commission if one of their readers decided to buy in that sale. Shilling, marketing, PR, and other terms that you call it, just be a responsible investor and always use several references as you research before investing.

But actually you can get an input on what's currently happening in the market and it's great to take advantage with it, just buy the news and once you see some sudden constant changes that might endanger your profit then sell just make sure that you will not end up bag holding. Remember that's how manipulator works that's why we need to be alert so that we can earn by following them.

Even though the news can benefit you, don't believe the news too easily. Because as he said, it could be the act of a manipulator, stick to the decisions you make. Because the source in order to know the development of our assets can not only be seen from the news, there are still other ways to see the progress. On the chart that is already available, if we can analyze it through the chart, we can find out how the future development of assets will move towards profit or loss. We have also provided a stop loss feature to anticipate the impact of a bigger loss, so take advantage of this feature. But if we have trouble reading the chart, there are times when we hold it for a while, if we think our asset will decline, immediately sell it. Because we don't know yet and haven't predicted the price will go up or down again. So it's better for us to sell it at the current profit, rather than waiting for an uncertain profit to come.

[Theb]

Misinformation will be a lot when it comes to posts/messages being created by other users as usually what you will see is either with biased or just a false information created by these users to hype people up. The good thing about this is you always have a chance to do your own research (DYOR) if what they are saying is true or at least useful to your trading plan. This is literally what separates you from the rest of the herd since most of them will just scroll and read these posts and just do a decision believing it right away which may lead you losing some profit or wasting a good opportunity. That is why after you read something you must find out if it is true or it checks out with what others are saying.

[crzy]

Socialmedia is one of the most important source of information, channels like 'The whale club' show us when big amount of coins has been spent. And this kind of feedback help us to take a smart decision. But we must be careful with all the other messages to find because if we trust in anyone we could make big mistakes.

So, is important to be smart and ride the right waves when we talk about social media.

That can also be a place to spread FUD and HYPE which can affect you if you follow those advices. Yes, we need information about specific project but we must have our own way of analyzing the project to confirm if this is just a hype or a fud. Investing must be based on your own analysis, socialmedia is not a great source of that one and you should not based your decision on socialmedia post, always do your best and don’t get hype by anyone.

[Stedsm]

@OP while you said it, I'd also like to remind you of Elon Musk's non-sense yet highly followed tweets which took BTC "to da moon" and then dropped it back "to the ground" just because at the beginning, he announced of his BTC holdings through SEC, and later on when he "probably" would have sold all his BTC already, started playing tricks with average investors and trying to scare them of the markets by saying that BTC seems to be a bit overvalued. Tell me what the hell is that? Still, these foolish investors follow him just because he got success in least time through Tesla and SpaceX.

[Ryker1]

@OP while you said it, I'd also like to remind you of Elon Musk's non-sense yet highly followed tweets which took BTC "to da moon" and then dropped it back "to the ground" just because at the beginning, he announced of his BTC holdings through SEC, and later on when he "probably" would have sold all his BTC already, started playing tricks with average investors and trying to scare them of the markets by saying that BTC seems to be a bit overvalued. Tell me what the hell is that? Still, these foolish investors follow him just because he got success in least time through Tesla and SpaceX.

Well, perhaps Elon Musk is pure business-minded. He wants to manipulate bitcoin just because of his own interest and possible benefits and he abused his being an influencer just because of his own interest. If we know that there is something wrong with manipulation, I would rather start ignoring him than following his nonsense tweet on social media. If you are a real crypto enthusiast you will not listen to any social media vibes, all they want is to have a pump and dump of the price of crypto and when bitcoin is on hype, they will immediately cut their profit. But at least, it is hard for them to manipulate the entire market, only a small impact has.