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RE: VERGE EXPLOSION ALERT!! VERGE is about to GEYSER OUT of the Triangle !!

in #money • 7 years ago (edited)

Or the price will soar, temporarily. If anyone has bothered to notice, Haejin's tweets have a huge FOMO effect that ranges anywhere from 15 - 60 minutes, after that, DUMP.

It used to be great when I followed him back in the day when he only had 3,000 followers; unfortunately his tweets are directly influencing the market now, and not always in the best way.

I love his TA's, however; I hope him having so many followers doesn't lead to market manipulation.

7 years ago in #money by
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     7 years ago  

    I dont see that, he has what roughly 10k followers and not all of them are going to be reading the blog at the same time, trading at the same time, have spare cash on hand, or trading in the same coin.
    If the math was done, i would speculate probably only few hundred people at best getting into a coin at the same time based on recommendations, plus quite a few of them probably have very small positions.
    Hundreds of thousands of people would be trading at any given time outside that. Totally get what your saying but think the effect at this stage still small...

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     7 years ago  

    In fairness, it should be noted that yes, 10k followers here on Steemit (actually ~12,500 currently). With an additional 38k followers on Twitter, and thousands of views on Youtube with 70-100 comments on videos there (that we may presume are not Steemians)...well, it's fair to say that things aren't like they used to be even 3 short months ago. More and more people are coming down with 'Haejin fever' :)

    Still, I agree with you that it would take an uncanny vote of confidence by Haejin's followers to have an impact on moving the price of a coin instantly.

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     7 years ago  

    Must admit did not realize 38k on twitter, so I see the impact is likely a little more than I was thinking. :)

    Not that I know of any, but I assume there is probably a number of other crypto bloggers that people follow in the droves, there will always be some level of influence in markets due to people like this.

    I will say, yes perhaps we were happier when he had less followers however that is not his philosophy where he wants to help as many as possible.

    Happy profits to you my friend!