Donald trump's altcoins hype

[DaNNy001]

I believe everyone saw the tweet that the acclaimed Bitcoin loving president Mr Donald Trump posted not long ago about altcoins supposedly having a massive increase that no one has ever seen before. The tweet was crazy everywhere and some say it was what actually gave the market a green that same time but am quite interested on the negative that this would have also brought to the crypto space because I know for sure that many newbie and even some old-timers would have gotten a strong instinct and approach towards holding some altcoins but my question is:

HOW DO YOU KNOW THE EXACT COIN AND NOT SOME SHIT SHOW

Believe me with the reaction I have gotten just yesterday about people calling me on phone saying they want to buy some altcoins is just surprising because thats how many crypto enthusiast end up making mistake because the sweet story get stuck on their head and they forget all about the risk management involved in holding altcoins even Bitcoin if you have the wrong approach of getting millions just overnight of buying because that's how most people are currently thinking.


please everyone should be guided especially the newcomers because buying Bitcoin or any altcoins isn't some kind of get rich scheme cause you could end regretting and worse losing your assest with the wrong motives

[Richbased]

It's not really about knowing the right coin to buy actually, if you want to gamble with altcoins use amount that you can afford to lose. Some people will get lucky to invest in some of those coin that will probably skyrocket during the altcoin season, though no one knows the coins that could rise massively but it is better to do your own research and invest within the level of your discretionary income. The altcoin season is quite approaching and many people are already looking for which altcoin to invest on which many people will be misled to investing on the wrong coins in the end but during altcoin seasons, while some people will be accounting for the profits they made, others will be lamenting about their losses.

[Doan9269]

HOW DO YOU KNOW THE EXACT COIN AND NOT SOME SHIT SHOW

There's no particular check on knowing whether a coin is good for an investment or not, everyone is doing their own research base on the way they can afford for the risk involved in making any crypto investments, if you don't have a thicker skin, then don't even go near them, because they are now using the public figures to create the hypes needed and later acheive their fitious ambition for scam, Trump was not only involved here, take a look on the recent saga with the Argentina president, people are now seeking for his impeachment for that he did, risk is everywhere, of you can take it, go for it, but if you can't bear the lose, better don't invest at all, everyone needs to do his own research before investing on any crypto project.

[coupable]

please everyone should be guided especially the newcomers because buying Bitcoin or any altcoins isn't some kind of get rich scheme cause you could end regretting and worse losing your assest with the wrong motives

Emotions like greed and fear can lead to rash decisions without thinking. A cryptocurrency investor should know that good luck comes only by securing the investment, including maintaining sobriety, sticking to the investment plan, and not being affected by greed when prices suddenly rise or fear when they fall. Unfortunately, new investors do not know that successful trading requires patience and discipline.

[DaNNy001]

HOW DO YOU KNOW THE EXACT COIN AND NOT SOME SHIT SHOW

There's no particular check on knowing whether a coin is good for an investment or not, everyone is doing their own research base on the way they can afford for the risk involved in making any crypto investments, if you don't have a thicker skin, then don't even go near them, because they are now using the public figures to create the hypes needed and later acheive their fitious ambition for scam, Trump was not only involved here, take a look on the recent saga with the Argentina president, people are now seeking for his impeachment for that he did, risk is everywhere, of you can take it, go for it, but if you can't bear the lose, better don't invest at all, everyone needs to do his own research before investing on any crypto project.

Yeah you are right but we can agree that many don't know this, they just get carried away with what some icon of their or influential person says and end up losing well I guess there is always a lesson to be learnt from your mistakes, I mean the Trump coins is a typical example too.

As you said risk is everywhere and I believe we living and breathing is risk at its own too 😁 so it's better to risk what you can afford to lose with the altcoins you choose.

[robelneo]

HOW DO YOU KNOW THE EXACT COIN AND NOT SOME SHIT SHOW

Its hard to tell; Trump's hype is a signal for manipulators to shill their shitcoins or established coins with good potential to move forward, The most important thing is to not rely on hype and always go for parameters on what a good coin is to invest in.
Hypes and shills in the market define what kind of investor you are; if you're the type who is willing to gamble or the type that goes for stability of your investment, the most important thing is you are comfortable with money you're investing and whatever the outcome of it.

[BenCodie]

The contract addresses to new tokens are usually only known to insiders before they are known to the public. Trying to get into circles/communities that are on top of the latest contract addresses and following key opinion leaders who are involved in the space are probably your best shot at getting in early, though it is highly unlikely that you'll ever be considered an insider. The best bet is probably just to stay away from any altcoins/tokens as that market is extremely risky and not designed for the average user to make it out of there with more than they came in with.

[sunsilk]

That is gonna come to everyone in a circle of friendship that they knew someone who's into crypto and they'll swarm the heck you out asking inquiries about what they should buy.

please everyone should be guided especially the newcomers because buying Bitcoin or any altcoins isn't some kind of get rich scheme cause you could end regretting and worse losing your assest with the wrong motives

The newbies should be reminded of this. They see Trump pumping the market with the tweets that he's having and then will think that it's time for them to get rich.

But there is a half truth with this, the whales are making themselves richer by having some insider or first dibs of the information before the market pumps or dumps.

They take all of the advantage so that's the half truth in there but it's only applicable to them that have advantage by having huge amount of money and connections.

[hd49728]

HOW DO YOU KNOW THE EXACT COIN AND NOT SOME SHIT SHOW

You can not know, I can not know, most of market participants can not know exactly what will happen next, what will market makers do next.

If we all know exactly what will happen next, market makers will fail with their manipulation efforts and they will leave the market, let it dying with time, and we will have another unexpected scenario that no longer correct as we want and believe.

You can try to filter coins from Made in USA, Grayscale Trust, Coinbase 50 Index, World Liberty Financial and try to connect them with Venn Diagram.

[satscraper]

Carrots cheater quickly learned from Musk how to fleece suckers by using a personal social network, posting just a couple of messages in it. Just business dream.

I think that over these two days, he and his sons have scammed quite a bit. The media is buzzing about some "wizard"   , who, just minutes before Trump's posts, created the right orders and made something like up to two hundred thousand dollars. ^{I don’t remember the exact figure.}

[cryptoaddictchie]

The altcoin season is quite approaching and many people are already looking for which altcoin to invest on which many people will be misled to investing on the wrong coins in the end but during altcoin seasons, while some people will be accounting for the profits they made, others will be lamenting about their losses.

Thats true, and I think not all coins are gonna do good in altseason only few chosen and has good narrative. Its not gonna be like the last alt season where anything goes to roof even the dumbest altcoin out there. If youre gonna wait for alt season everyone must pick a good one to hold that you believe will do good. Review the narrative and potentials of them.

[EluguHcman]

I believe everyone saw the tweet that the acclaimed Bitcoin loving president Mr Donald Trump posted not long ago about altcoins supposedly having a massive increase that no one has ever seen before. The tweet was crazy everywhere and some say it was what actually gave the market a green that same time but am quite interested on the negative that this would have also brought to the crypto space because I know for sure that many newbie and even some old-timers would have gotten a strong instinct and approach towards holding some altcoins but my question is:

Yeah the tweet duly went viral and it has muchly influenced not just the Bitcoin market but to some feasible potential coins too which lead to the decline of breaking the $90K resistance and some other coins has also make points of breaking resilience to meet higher prices after long resistivity.

I really don't see negative effect of the tweet because it brought appreciable values to the crypto markets but if I may say, due to this resultant of the market manipulation, it would attract newbies and investors to buy hoping the increase will last for a while but was only lasted in not more than 24 hours which then could course newbies being behaved like they were being tricked because what attracted them in so sudden never lasted to give their holding a testimony.

The course of that tweet has as well triggered significant sells of investors values that is huge enough of influencing the market which  as well lead to the sudden decline again.

[knowngunman]

That is gonna come to everyone in a circle of friendship that they knew someone who's into crypto and they'll swarm the heck you out asking inquiries about what they should buy.

please everyone should be guided especially the newcomers because buying Bitcoin or any altcoins isn't some kind of get rich scheme cause you could end regretting and worse losing your assest with the wrong motives

The newbies should be reminded of this. They see Trump pumping the market with the tweets that he's having and then will think that it's time for them to get rich.

But there is a half truth with this, the whales are making themselves richer by having some insider or first dibs of the information before the market pumps or dumps.

They take all of the advantage so that's the half truth in there but it's only applicable to them that have advantage by having huge amount of money and connections.

It would be a suicide mission for newbies to start following trends on social media of any type be it Twitter or Facebook and others. The moment you start seeing a coin trending on these platforms, it's not longer safe to jump into the market again because the OGs or whales have already milk out profit and ready to dump on people coming to the market.

Majority of people are not really aware of this, they tend to enter the market after the hype. The secret here is that there are manipulators behind the scene and only make it public after the deed is done. Stay away from hype coins on social media. There is a slight chance you'll make it out profitably but there is a greater chance you'll lose your money.

[Doan9269]

HOW DO YOU KNOW THE EXACT COIN AND NOT SOME SHIT SHOW

There's no particular check on knowing whether a coin is good for an investment or not, everyone is doing their own research base on the way they can afford for the risk involved in making any crypto investments, if you don't have a thicker skin, then don't even go near them, because they are now using the public figures to create the hypes needed and later acheive their fitious ambition for scam, Trump was not only involved here, take a look on the recent saga with the Argentina president, people are now seeking for his impeachment for that he did, risk is everywhere, of you can take it, go for it, but if you can't bear the lose, better don't invest at all, everyone needs to do his own research before investing on any crypto project.

Yeah you are right but we can agree that many don't know this, they just get carried away with what some icon of their or influential person says and end up losing well I guess there is always a lesson to be learnt from your mistakes, I mean the Trump coins is a typical example too.

As you said risk is everywhere and I believe we living and breathing is risk at its own too 😁 so it's better to risk what you can afford to lose with the altcoins you choose.

Let me tell you, some of the so called public figures may even be aware of the hype and the results that might come after it, come to think of it this way, you were told to acted on something and the result that will follow doing such  thing is massive, this is money we are talking about and it's massively involved, what do we have to say about that if the Argentina President, was he not aware of the same, even Trump made the announcement of Trump official using his social media and many began to run shelter scelter just to invest on it because they have trust in Trump and also think there could be high opportunity there, at the end some made it while a large numbers of other investors missed the whole opportunity and got in loss, nobody should influence us at this stage on doing something except we wanted to do it on our own choice, later it will be left on us alone to face the consequences.

[Zaguru12]

Let me tell you, some of the so called public figures may even be aware of the hype and the results that might come after it, come to think of it this way, you were told to acted on something and the result that will follow doing such  thing is massive, this is money we are talking about and it's massively involved, what do we have to say about that if the Argentina President, was he not aware of the same, even Trump made the announcement of Trump official using his social media and many began to run shelter scelter just to invest on it because they have trust in Trump and also think there could be high opportunity there, at the end some made it while a large numbers of other investors missed the whole opportunity and got in loss, nobody should influence us at this stage on doing something except we wanted to do it on our own choice, later it will be left on us alone to face the consequences.

They very well knows what they do, the so call influencers are fully aware that they can lure in their gullible followers into actually believing in their social media posts and force them to FOMO, this past few months since Trump arrival has widely confirmed that this Altcoins are easily manipulated, take for example Trump coin got announced when it was around 1B-2B market cap on trump account, but they were heavy buyers at less than a billion market cap, some even got in around just 200m market cap. Last few days someone opened a 50x leverage long with a 120m position size and later on news of reserve portfolio was announced and the market pumped.

Like we have continue to say Donald Trump isn’t for bitcoin for any good it will bring for the people but rather he is there for his political reasons, a man looking for a good reserve would never go to any coin aside bitcoin. He now has four more shitcoins added which is definitely not right to me

[Alpha Marine]

As I keep saying, Trump is like a man who doesn't recognise his position or who does and doesn't care because his position carries a lot of weight, and it's a very delicate one. A single statement can make or break markets.

The advantage Bitcoin has to this is that it will always find ways to correct itself.  So people like Trump can use their position and level to manipulate the market, but it will only be for a short time because it will correct itself.
I said this a few days ago after Trump's statement and the market pumped. Altcoins follow bitcoin but they don't correct as much as bitcoin because it doesn't have the trust and players that bitcoin has.

[Felicity_Tide]

HOW DO YOU KNOW THE EXACT COIN AND NOT SOME SHIT SHOW

With the way things has become lately, I think the flood gate for more scam projects has been opened already. President trump has automatically become a catalyst that can affect the crypto market both positively and negatively at any time, and for sure, shitcoins also benefit from this as well, which has been the misleading tool for newbies that don't understand how the market works.

From how the market has been operating, I think identifying a shitcoin might not be an easy task for newbies. Whatever alt project a newbie chooses to invest in at this point is clearly a risk that will show it's true self during bearish season. And trust me, it's definitely going to be ugly if it happens to be the shitty one.

[Gozie51]

HOW DO YOU KNOW THE EXACT COIN AND NOT SOME SHIT SHOW

There is no written way to know but there are some top altcoins that are quite valuable for risky venture, like those in top10/20 in CMC. Moreover, I believe there is season for investing in cryptocurrency and also season to cash out. You don't have to hodl a coin all years whilst you are suppose to take profit and watch the market. To invest, you have to come in during the bear preceding halving. This is the time that you can accumulate more coins using DCA to buy more quantity in cheaper price. It is wrong to buy when others are already dumping.

Believe me with the reaction I have gotten just yesterday about people calling me on phone saying they want to buy some altcoins is just surprising because thats how many crypto enthusiast end up making mistake because the sweet story get stuck on their head and they forget all about the risk management involved in holding altcoins even Bitcoin if you have the wrong approach of getting millions just overnight of buying because that's how most people are currently thinking.

Usually, success story has followers. There are people who are spectators outside yet they don't want to be a part of it when it is having a bitter soar taste but they want to go in and immediately make profit. I have people that has such mentality that they don't believe bitcoin to be store of value and then they keep their money in the bank but after they hear of an astronomical price increase they rush to you to help them invest, they keep missing the opportunity because they don't understand the investment dynamics of bitcoin. It is that way when you are succeeding, people want to join in it but if they hear of losses, they get discouraged. That is why failure doesn't have fellowship but success do.

[MusaPk]

As I keep saying, Trump is like a man who doesn't recognise his position or who does and doesn't care because his position carries a lot of weight, and it's a very delicate one. A single statement can make or break markets.

The advantage Bitcoin has to this is that it will always find ways to correct itself.  So people like Trump can use their position and level to manipulate the market, but it will only be for a short time because it will correct itself.
I said this a few days ago after Trump's statement and the market pumped. Altcoins follow bitcoin but they don't correct as much as bitcoin because it doesn't have the trust and players that bitcoin has.

Bitcoin price went up after the announcement but it went down very quickly. This just remind me of Trump coin that went high for 2 to 3 days and since then it's going down. Trump is doing strange things which were not seen by previous presidents of US, I have never seen a debate between two head of states on media like the one at Oval office b/w Zelensky and Trump. If Trump keep behaving like that then US president will lose it's reputation in the world.

[Zlantann]

HOW DO YOU KNOW THE EXACT COIN AND NOT SOME SHIT SHOW

I am not a fan of any altcoins because I see them as untrustworthy. My main focus is Bitcoin that's why I have not dedicated time to learn about altcoins. You have to do some research to know the altcoins that suit you. But for now, I might consider buying those altcoins that were mentioned by Trump.

please everyone should be guided especially the newcomers because buying Bitcoin or any altcoins isn't some kind of get rich scheme cause you could end regretting and worse losing your assest with the wrong motives

Anyone who assumes that investing in Bitcoin is a get rich quick scheme will be disappointed. You need lots of patience to benefit from Bitcoin.