Jump to content

The Dangers of Stocks/Crypto....


Douvan

Recommended Posts

7 minutes ago, crazyrightmeow said:

What people on reddit are doing its on a "smaller scale" volume wise per person involved. As an example doge, most of the people on reddit that started all this pump madness owned a shit ton of coins from before so they convinced other people to start buying and because of that price is rising. Its more like a meme and a fuck you statement than an actual scam in this case. 

Exactly that is what i'm saying it is happening and it's coming from the average joe people involved on Reddit and Twitter on a small scale. But it is happening and they are making bank whilst people like me who are completely new to cryptos are getting suckered into it through the Elon Musk and Dogecoin hype and trying to join in on the bandwagon to make some kind of profit. 

  • Keeemon 1
Link to comment
Share on other sites

Guest andywilliams1187
2 minutes ago, lucy_tgc said:

Exactly that is what i'm saying it is happening and it's coming from the average joe people involved on Reddit and Twitter on a small scale. But it is happening and they are making bank whilst people like me who are completely new to cryptos are getting suckered into it through the Elon Musk and Dogecoin hype and trying to join in on the bandwagon to make some kind of profit. 

It does happen - but those people are not pumping and dumping. What they are doing is scalping. They are playing the normal rejections of hourly/4 hourly candles and entering multiple trades. So they wait for price to hit a certain techincal level, then place a trade with a tight stop loss and bank the profit. 

Its a straegy which can be highly effective in crypto and forex markets but it also requires you to sit infront of a chart all day and watch for clear indicators (techincal zones, RSI, Bollinger bands etc.). Profitable traders also have loosing trades, so like i said they trade with tight stop losses and aim for a ratio of winning trade/loosing trade (for example, if you have a 5:1 loosing to winning trade ratio, but you always bank a minimum of 50 pips on a winning trade but only take a 5 pip loss on a loosing trade, you can lose more trades overall and still be profitable). 

What we are seeing at the moment is a lot of people are caught up in either the gamestop hype or fear of missing out with cryptos. So instead of looking long term, they are throwing all the money they can find into something like bitcoin, but are over invested and dont really understand that markets dont move in a straight line. If you over invest, and the market moves against you, then you are stand to lose a lot of money (not you personally but you know what i mean). 

I speak to people regularly around forex and it amazes me how many people go and drop significant amounts of money into gold (which is highly volatile), dont understand how the markets work, what pairs are correllated, how to work out leverage etc. and then cant understand why gold has spiked (especially when trading it at the end of the year when there is a bull run and trading it on NFP day). 

Link to comment
Share on other sites

4 minutes ago, lucy_tgc said:

Exactly that is what i'm saying it is happening and it's coming from the average joe people involved on Reddit and Twitter on a small scale. But it is happening and they are making bank whilst people like me who are completely new to cryptos are getting suckered into it through the Elon Musk and Dogecoin hype and trying to join in on the bandwagon to make some kind of profit. 

But it probably isnt just average joe, there could be bigger fish there from the start there and regular joe just came in and naively spread the nonsense. No matter how you turn it people dont understand that this is illegal and you will go in jail for that and soon this will start happening even for smaller "average" joes that are spreading this shit. Just like people are jailed for stock market manipulation it will happened for crypto.

Just look what happened with the scams like bitconnect, scam fake trade bot sites or similar. They are either in jail, still on the run or a lot of them even killed by regular people that lost a ton or even cartels and other criminal groups.

  • Keeemon 1
Link to comment
Share on other sites

2 minutes ago, andywilliams1187 said:

It does happen - but those people are not pumping and dumping. What they are doing is scalping. They are playing the normal rejections of hourly/4 hourly candles and entering multiple trades. So they wait for price to hit a certain techincal level, then place a trade with a tight stop loss and bank the profit. 

Its a straegy which can be highly effective in crypto and forex markets but it also requires you to sit infront of a chart all day and watch for clear indicators (techincal zones, RSI, Bollinger bands etc.). Profitable traders also have loosing trades, so like i said they trade with tight stop losses and aim for a ratio of winning trade/loosing trade (for example, if you have a 5:1 loosing to winning trade ratio, but you always bank a minimum of 50 pips on a winning trade but only take a 5 pip loss on a loosing trade, you can lose more trades overall and still be profitable). 

What we are seeing at the moment is a lot of people are caught up in either the gamestop hype or fear of missing out with cryptos. So instead of looking long term, they are throwing all the money they can find into something like bitcoin, but are over invested and dont really understand that markets dont move in a straight line. If you over invest, and the market moves against you, then you are stand to lose a lot of money (not you personally but you know what i mean). 

I speak to people regularly around forex and it amazes me how many people go and drop significant amounts of money into gold (which is highly volatile), dont understand how the markets work, what pairs are correllated, how to work out leverage etc. and then cant understand why gold has spiked (especially when trading it at the end of the year when there is a bull run and trading it on NFP day). 

You are correct mate but there are actually some groups on twitter and reddit that popped out doing actual pump and dumps on all the shitcoins because of gamestop and doge muppet show and they pretend to be the average joes.

Link to comment
Share on other sites

Guest andywilliams1187
2 minutes ago, crazyrightmeow said:

But it probably isnt just average joe, there could be bigger fish there from the start there and regular joe just came in and naively spread the nonsense. No matter how you turn it people dont understand that this is illegal and you will go in jail for that and soon this will start happening even for smaller "average" joes that are spreading this shit. Just like people are jailed for stock market manipulation it will happened for crypto.

Just look what happened with the scams like bitconnect, scam fake trade bot sites or similar. They are either in jail, still on the run or a lot of them even killed by regular people that lost a ton or even cartels and other criminal groups.

Overall market manipulation will always be in effect; see it all the time with forex when people trade solely techincal indicators (same with crypto). Banks/larger financial instituions will inflate or deflate prices to go on a stop loss hunt or "fakeout" the market charts. 

A lot of people have made decent bank of gamestop - but there are also a lot of horror stories coming out from people who have tried to jump on "to late" and are now seeing big amounts of savings go up in smoke. 

The hedge funds etc dont care because they limit their liabilities by spreading their investments (which you know mate if you have been around crypto for so long) so what appears to be reported as a massive loss for them, is actually fuck all because they will have offset their investment with corellated investments in forex/crypto so they will still be making big amounts. 

As usual, its the inexperienced retail traders who will get shafted long term. 

Link to comment
Share on other sites

Guest andywilliams1187
1 minute ago, crazyrightmeow said:

You are correct mate but there are actually some groups on twitter and reddit that popped out doing actual pump and dumps on all the shitcoins because of gamestop and doge muppet show and they pretend to be the average joes.

100% - but all we are seeing is a new level of insider trading. its just more public due to social media. But once it starts to hit the big boys, the rules will change (as we have already seen with the likes of robinhood etc.)

Link to comment
Share on other sites

1 minute ago, andywilliams1187 said:

Overall market manipulation will always be in effect; see it all the time with forex when people trade solely techincal indicators (same with crypto). Banks/larger financial instituions will inflate or deflate prices to go on a stop loss hunt or "fakeout" the market charts. 

A lot of people have made decent bank of gamestop - but there are also a lot of horror stories coming out from people who have tried to jump on "to late" and are now seeing big amounts of savings go up in smoke. 

The hedge funds etc dont care because they limit their liabilities by spreading their investments (which you know mate if you have been around crypto for so long) so what appears to be reported as a massive loss for them, is actually fuck all because they will have offset their investment with corellated investments in forex/crypto so they will still be making big amounts. 

As usual, its the inexperienced retail traders who will get shafted long term. 

Yep there are a ton of people that actually went all in and even took debt and lose it all. The big boys always win in this industry, they are doing it for a long time and have the sharpest minds on deck but for the people look like they are winning for a short period of the time they just didnt realize they are fucking themselves, well at least most of them.

1 minute ago, andywilliams1187 said:

100% - but all we are seeing is a new level of insider trading. its just more public due to social media. But once it starts to hit the big boys, the rules will change (as we have already seen with the likes of robinhood etc.)

True, rules are already changing and all the muppets like these will just ruin crypto with even more the regulations and laws that will come because of that and that brings a ton of new problems and complications on the rise for us but like you said hedge funds and big investment firms will always win in the end.

Link to comment
Share on other sites

Guest andywilliams1187
2 minutes ago, Levskie101 said:

I mean I guess some average Joe’s made profit on GME dodge etc but I find it sad that they have adopted this diamonds hands to the moon mantra and believe they will get one over on these huge institutions and hedge funds who have decades of experience, funds and knowledge on them. 

There is also a moral argument as well mate. 

Some hedge funds are investing money on behalf of regular savers/pension funds for hardworking people. So people who overinflate prices to "stick it to the hedgefunds" dont always realise what they have actually done is bankrupted Mr Smith who has worked for 50 years and was hoping to retire next month on a mediocre pension and now has to work until he is 70. 

Link to comment
Share on other sites

Guest andywilliams1187
Just now, crazyrightmeow said:

Yep there are a ton of people that actually went all in and even took debt and lose it all. The big boys always win in this industry, they are doing it for a long time and have the sharpest minds on deck but for the people look like they are winning for a short period of the time they just didnt realize they are fucking themselves, well at least most of them.

True, rules are already changing and all the muppets like these will just ruin crypto with even more the regulations and laws that will come because of that and that brings a ton of new problems and complications on the rise for us but like you said hedge funds and big investment firms will always win in the end.

100 % mate - when i first started trading, i was told from the start that as a retail trader you will never bbeat the banks. What you can do is make a decent income and knock a few years off your retirement age but effectivley you are receiving the scraps from the big boys table. 

Dont over invest

Understand what you are investing in and how the market works

Dont be afraid to cut losses

And most importantly - take profit along the way and get risk free ASAP

Link to comment
Share on other sites

Guest andywilliams1187
1 minute ago, lucy_tgc said:

@crazyrightmeow @andywilliams1187 I want to find this Reddit so i can get your opinion on it but can't find it in my history on laptop or mobile, if i get it i'll DM you both it because i don't want to be irresponsible and post it on here.

please send it over - i can pretty much guess it says "buy now it will go up" or "get ready to sell and we can force it down" but will be an interesting read

Link to comment
Share on other sites

3 minutes ago, crazyrightmeow said:

Yep there are a ton of people that actually went all in and even took debt and lose it all. The big boys always win in this industry, they are doing it for a long time and have the sharpest minds on deck but for the people look like they are winning for a short period of the time they just didnt realize they are fucking themselves, well at least most of them.

This is one of the reasons that i closed mine down before i ended up skint af, i realised someone has to lose for someone to gain and i know for a fact i would of ended up losing in the long run

  • Keeemon 1
Link to comment
Share on other sites

2 hours ago, lucy_tgc said:

When it comes to cryptos all i would say to anyone is do your research beforehand.

I recently jumped on the crypto hype purely to give the pump and dump method a go by seeing what was trending on Twitter just after Dogecoin started to rise the first time. At first i put £100 in Coinbase and bought XLM then i put £100 in Binanace and bought XRP.

 

Soon as i got in i thought i could be clever by just watching what everyone was saying on Twitter and following suit thinking that i could dump my coins before everyone else could for profit. My £200 grew slowly to just under £300 after alot of hours of converting my cryptos that had gained to others cryptos that was losing, so buying low selling high. And then it was at like the click of a finger one night everyone dumped there cryptos and my value rapidly dropped to just over £120 in minutes. Everyone had dumped there cryptos before i could. So by panicking i converted my Cryptos to BTC (which is the most stable crypto i think) and just sat there gutted like wtf has just happened literally hours wasted for nothing. Then over the next few days i carried on and thought if i could get my £200 back plus a little profit i'll cashout. Over the course of 7 days or so i did the pump and dump method again multiple times by seeing what was happening on Twitter and somehow managed to get it to just over £500. But at this point i was literally watching the numbers go up and down for hours upon hours whilst also watching my Twitter feed. Then i just decided i had to get off cryptos because it wasn't healthy for me by just staring at numbers and doing nothing all day. I'd literally wake up for work at 3am and first thing i'd do is check my phone to see where i was at. Jogging to work i'd stop multiple times just to check again, it really isn't healthy doing the pump and dump method imo. For me personally it was like gambling but on crack and all i could think was if i invest more i could make more i had to get out because i did realise that if i invest more i could lose alot quicker than i would gain. And i don't think i could ever forgive myself if i lost my money i have saved to live out one of my dreams of traveling the world.

When it came to cashing out i failed again because i thought it was just simply a straight cashout to your bank like it would be on a casino but it isn't. For the life of me i couldn't figure it out and had to watch a few YouTube videos and realised you have to sell them first then transfer your money into a wallet then pay your fees to transfer it into your bank. And because i'd taken so long to figure out how to do it my value dropped again and with the fees aswell i'd lost just over 10% so around £50. And it's different methods to get your money on Coinbase and Binance but the good thing is the money is in your bank within 5 minutes if that, which i thought was crazy. I' closed my accounts and i'm never getting into cryptos again because number watching is so addictive for me when it has money involved, i just found it so fascinating watching my money go up and down because of what other people was doing around the world with theirs.

My advice to anyone thinking of investing (especially trying the pump and dump method) is to DO YOUR RESEARCH FIRST and don't listen to the advice of random people on the internet. Know what you're getting into because there is alot of money to be made on cryptos but for you to make that money someone somewhere has to lose out and that could easily be you especially if you're doing the pump and dump method. Like i say if i buy them again i will just sit on them for the long term but i very much doubt i would buy again tbh, i've made about £250 profit and i'm keeping it with my savings i have to travel the world when this pandemic is over and it's going nowhere near anything related to gambling like cryptos F**K THAT.

it's just volatility, just like when you play rick and morty megaways...... as you state do your research before investing.. yes correct however you basically bought shit coins ( doge no offence) like.. that's asking for trouble it's a pure filth pump and dump coin and the hype around elon musk tweeting about it got people excited, once they/himself made enough profit they dump the shit.
XLM/XRP was a good shout shame you sold it however you are entitled to do what you wish with it.

The mistakes people make in crypto are ''listening to FUD'' example: BITCOIN IS GOING TO CRASH SELL NOW WHILST YOU CAN, it causes FUD ( Fear, uncertainty, and doubt (often shortened to FUD) is a propaganda tactic used in sales, marketing, public relations, politics, polling and cults. FUD is generally a strategy to influence perception by disseminating negative and dubious or false information and a manifestation of the appeal to fear.

another example: the price drops example btc was at £30,000 and dropped to £27,000 it's nothing other than '' Whales  & institutions dumping as a tactic to purcahse more, what I mean is say they had 5,000 BTC and they decided to DUMP 1,000 BTC it's going to have significant price reduction other peope clock on and panic sell, once the price goes to around £25,000 example, they will REBUY it back + MORE.

You can see 'partial dumping' on whale_alert twitter when MASS currencies are sent to exchanges etc also by looking at the graphs, price, 24 hour volume etc.

in reality crypto is not for short term profits, you build up a portfolio over years you, buy different coins over time as you don't put all your eggs in 1 basket, you gradually add money when you can afford it or spend (as I do my casino profits).

If u can't handle volatility don't invest (to everyone).

now I invested in 10,000 XRP @ £0.16p which even if I sold NOW i'd of double + more my money however...
I'd rather XRP goto £0 than sell it now because I've done extensive research into the SEC lawsuit sham and they literally have no chance, team ripple time will tell/show us all.

However don't listen to some youtube/twitter/socialmedia/telegram groups or discord pump and dump  groups where they literally say garbage like this:
XRP IS GOING TO $10,000 which is an extreme price prediction, what you do is expect lower set realistic goals for prices/return (ROI)

Smart money = buy low, sell high when prices fall, buy more & HODL......
Dumb money = follow the leaders / buy shit dogecoins at alltimehigh prices, it dips you panic sell and want out.
 

xrp!.png

  • Keeemon 1
Link to comment
Share on other sites

2 minutes ago, andywilliams1187 said:

100 % mate - when i first started trading, i was told from the start that as a retail trader you will never bbeat the banks. What you can do is make a decent income and knock a few years off your retirement age but effectivley you are receiving the scraps from the big boys table. 

Dont over invest

Understand what you are investing in and how the market works

Dont be afraid to cut losses

And most importantly - take profit along the way and get risk free ASAP

Exactly, basic sayings and simple rules of trading mate.

Link to comment
Share on other sites

Guest andywilliams1187
Just now, Levskie101 said:

Think I read yesterday that Tesla have or will soon make more money from BTC than selling cars 

Very possible - but what Elon has done has been very clever. 

He has 45 million twitter followers, so he buys BTC, then says that Tesla will accept it in the future. 

He knows that Apple are considering it as a payment option and so are amazon. 

His followers then think "if Elon says its great, it must be worth buying it" which will push the price up slightly. 

Whether he holds it all, or actually sells some off will remain to be seen. Rumours are BTC will hit 100k in this bull run. But at some point it will have a big sell off and a lot of people will get hurt. 

Link to comment
Share on other sites

Guest andywilliams1187
Just now, MrUKHackz said:

@lucy_tgc Well done on making some coin bats, but I think you had a close call, another day or two and you'd be on Roobet minted and it could change your personality for the worse.

Good to have you back on earth 🚀

You could always start a TGC Crypto coin. A picture of Rolla on one side and TGC on the back. 

Could be the next big crypto 

I would probably buy some. 

Link to comment
Share on other sites

1 minute ago, andywilliams1187 said:

He knows that Apple are considering it as a payment option and so are amazon. 

I find it hilarious that he owns over 11% of Amazon and hates Jeff Bezos!

Amazon and Apple buy BTC to follow suit and he sells his 1.5bill that he purchased for double, kind of thing I could see him doing and giving zero fudges.

Link to comment
Share on other sites

2 minutes ago, andywilliams1187 said:

Very possible - but what Elon has done has been very clever. 

He has 45 million twitter followers, so he buys BTC, then says that Tesla will accept it in the future. 

He knows that Apple are considering it as a payment option and so are amazon. 

His followers then think "if Elon says its great, it must be worth buying it" which will push the price up slightly. 

Whether he holds it all, or actually sells some off will remain to be seen. Rumours are BTC will hit 100k in this bull run. But at some point it will have a big sell off and a lot of people will get hurt. 

Its a win win for people like Musk 100%.

1 minute ago, andywilliams1187 said:

You could always start a TGC Crypto coin. A picture of Rolla on one side and TGC on the back. 

Could be the next big crypto 

I would probably buy some. 

Hahaha I would buy some for laughs 100%. We should do that and open TGC crypto casino but actually be a legit one. Imagine, offering fake money to streamers and in the middle of the stream just expose them on the screen. 😂

  • Love 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...