Coin Shilling Question
- Thread starter Darwin
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Jeremiah
Member
Shilling and Fuds are always been part on this market not only on crypto but on other markets as well like Forex and stocks.So in the question if shilling does really have real influence then i can say its a yes but depending on the person whom do shill it out im not saying its effective from time to time since people are smart enough if they do saw that a coin been shilled out obviously without any solid proofs that it is really worth to invest on.
When there are some events like fork and other updates news then its neither it do give out positive impact or just have nothing at all.
If the project is just tending to be launched or to be started then when building some hype then it can really drive the price really that high but when the hype dies then expect for the turn of events.
Casually a pump and dump scenario which is pretty common.
For the intensity on how high the price it can possibly grow? Sky is the limit and it depends on the level of hype on where it do result of high buying situation.
100% in 24 hours its just too small to presume on.You can see the possible growths if you would be more longer here on this market. 100% or 2x the price is not really
that something hard to achieve but only on low cap coins or to those who just recently being listed
Axel
Member
It completely depends on the coin. If the coin has a low marketcap and low trading volume/liquidity, then it might be easy to pump it up by a decently effective shiller. But of course, these kinds of pumps aren't sustainable, and are almost guaranteed to crash back down.
It's not the same for every coin. It depends on a lot of factors.
Possible. But then again, it depends
Carson
Member
Yes it is especiallt if the project is heavily shilled by big community and famous shillers with lots of subscribers. If you knew bitboy and chico on youtube, once they discuss a new project the price went skyrocket anf this is proven when you observed the token value.
But that is not the case for every project. Some are hard shilled but never went up. Mvp or product also affects it.
Depends sometime its only took few hours just to make a coin to a 100% or more. I can prove its true, cause Im a risk taker on some altcoins. But this is kinda risky and not advisable
Angel
Member
Can't say much about media houses influence but that of social media has major influence on the market as I have witnessed it first half. I was hired to managed a supposenly new DeFi related project but later discovered I was just been hired to shilled their project. The host group I was added to had tens of users hired for the same purpose. Before leaving, I took note of the price of the project and comparing the price of the token a week later, it was quite obvious their shilling had a positive impact on price.
Do understand though that tere are some factors that contribute to a successful shilling, the circulating supply of the coin couple with the hype surrounding the technology the project are working on. Like in the current market, DeFi related project are likely to get more attention if been shilled than other technology unlike few months back when layer 2 related project were getting more attention.
In regards to the price decline after the shilling period is over, that's certainly going to occur considering shilling leads to pumping and dumping of a particular coins. If you observe in the current market situation, DeFi related project are getting dumped more. That's as a result of them been overbought during the shilling period
Do understand though that tere are some factors that contribute to a successful shilling, the circulating supply of the coin couple with the hype surrounding the technology the project are working on. Like in the current market, DeFi related project are likely to get more attention if been shilled than other technology unlike few months back when layer 2 related project were getting more attention.
In regards to the price decline after the shilling period is over, that's certainly going to occur considering shilling leads to pumping and dumping of a particular coins. If you observe in the current market situation, DeFi related project are getting dumped more. That's as a result of them been overbought during the shilling period
Ian
Member
Being shilled and promoted is one of the factors that makes DeFi projects and their token gain attraction that makes the price go up. They desperately use bounty managers just to make traction to the price. We know that this is for a short period price bump only and I'm sure that they can't maintain the hype around them and this will surely lead into price decline as you said. This happened to most of the DeFi projects, I think DeFi projects will just be a one time profit since we have seen that maintaining the hype is hard and in addition to that there are many DeFi competitors out there that are giving some FUD
Connor
Member
Had witnessed some of it, there was a time that it even passed 100% changed in just 24hours. Though I had always been jealous to those who risked their money to invest on those coins, I still don't prefer it, I'm not a very good risk taker just like cryptoaddictchie, so I'm avoiding it. I could observe it more, maybe sometime I find courage to take it.
Miles
Member
Hello, its okay mate. Dont be jealous at least your safe and free from harm of those gamble on defi projects. Im saying I am risking it cause I know also the consequence. I even risk my 1eth and become 0.011eth value. Its like gambling, study chart, take a deep breath and watch out for possible fundamental that could make the coin fly high. Sometime I could turn my 1eth into 3 or 4. Its always a risk Im taking. Im not saying those are legit but only a short time trading methods for me. Im trading major coins aside from this and I suggest venture into these coin than those shitcoins if you feel you will only lose money
Robert
Member
it is really natural in cryptocurrency to have shillers and fudders. They are earning from that specially if they are numerous large investors who want to buy coins at the bottom while people are panicking.We can`t really control the certain hype unless we go to the trend of the market. Just like what others are saying, the trend is our friend.
Actually, even the traders become smart enough to know if it just a fud, the emotions are still dictating others move. The market needs tough players who can fight against the hype or fud. Just like right now, there are some of my telegram members who said, bitcoin would become blood bath for the next few days and a lot of members had been triggered. RIP for those who follow the fud and sold their coins.
Jameson
Member
Heavily shilling about a coin on the various platform would influence the coin sometimes. And yes, sometimes crypto-related news creates FOMO which has been leading to price bump. But we can't say how much percent it will up because it depends on coin potentialities. But if you are going to choose such as coin for trading or holding then you are going to take a risk with your funds. Its because the price would hugely dump after a little bump. So don't trust blindly about FUD and FOMO.
Roman
Member
Depends on the shilling.
If it's done profesionally with real owners of the accounts being paid off it can be a powerfool tool but also very expensive to run for the project owners.
Like if you get some newbie or stolen accounts and start shilling with a bunch of them yourself you will get caught, banned, ridiculed. You will do much worse for the project than if you did nothing.
If you manage to persuade real experienced people to support the project it can be benefitial but also much harder and more expensive.
IMO shilling done by newbies will have no effect.
If it's done profesionally with real owners of the accounts being paid off it can be a powerfool tool but also very expensive to run for the project owners.
Like if you get some newbie or stolen accounts and start shilling with a bunch of them yourself you will get caught, banned, ridiculed. You will do much worse for the project than if you did nothing.
If you manage to persuade real experienced people to support the project it can be benefitial but also much harder and more expensive.
IMO shilling done by newbies will have no effect.
Easton
Member
Shilling sometimes contribute to the price of the coin but it depends on how many people shill the tokens, it's common in twitter and the chat in exchanges but it only works if there are many participants who hype up the coin or shill or either the person has a huge influence in the crypto market, like what happens on Doge when Elon Musk tweet about the coin.
Nicholas
Member
Aren't shilling and fuds part of marketing? But they are done for free by communities (especially hodler with fat bag). Fuds and shilling are done with the aim to attracts more buyers so that the trading volume can increase. Warren Buffet said: "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful". Shillings and fuds are very useful for getting profit in a short time. However, it is not recommended if you intend to invest for long term.