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Re: Crypto Currency Investors Thread by jedisco(m): 10:54pm On Jan 21, 2021 |
I'd say one lesson today has reminded us is the principle of averaging in. As a trader in this market, it's not advisable to go all in at once... If you're looking at a long term trade, get in slowly... For example, if I've been looking at getting into betece on a pullback, I'd start averaging in at 31k, keep some for 30k and some for 28k (if we get it). And also have some in hand 1 Like |
Re: Crypto Currency Investors Thread by jedisco(m): 10:57pm On Jan 21, 2021 |
BabaGrinz: If you've seen the idea is sensi8and profitable then share how you went about it so others can learn 1 Like |
Re: Crypto Currency Investors Thread by luvlyoracle(m): 11:01pm On Jan 21, 2021 |
jedisco:Thanks for helping we newbies regain confidence in crypto... We are grateful 4 Likes |
Re: Crypto Currency Investors Thread by Ojemedad: 11:05pm On Jan 21, 2021 |
When is the best time to buy Btc, now that is falling or when it has climbed? |
Re: Crypto Currency Investors Thread by Nobody: 11:07pm On Jan 21, 2021 |
Re: Crypto Currency Investors Thread by luvlyoracle(m): 11:11pm On Jan 21, 2021 |
Loveofyourlife0: Ojemedad:You guys should relax for now... We dat are here ain't finding it easy at all 1 Like |
Re: Crypto Currency Investors Thread by Ojemedad: 11:21pm On Jan 21, 2021 |
luvlyoracle: Just a simple question to learn |
Re: Crypto Currency Investors Thread by jedisco(m): 11:38pm On Jan 21, 2021 |
Ojemedad: Do you want to buy when everyone is buying or when everyone is selling. The market hardly gives the majority what they want. You want to take profits b4 the market turns You want buy significant dips. Knowing which dip is significant is tricky. The reason why I'm advising folks already in not to panic sell now is cos theyre likely to buy higher cos even if it drops to 20k, they'd be waiting for 16k. |
Re: Crypto Currency Investors Thread by Ojemedad: 12:24am On Jan 22, 2021 |
No one is mentioning paxful here |
Re: Crypto Currency Investors Thread by Nobody: 2:15am On Jan 22, 2021 |
jedisco:how do i avoid such fees or is there a way i can buy to avaoid that? |
Re: Crypto Currency Investors Thread by Churchill6767: 4:33am On Jan 22, 2021 |
bradwilli: Try using a limit order. 2 Likes |
Re: Crypto Currency Investors Thread by Nobody: 5:19am On Jan 22, 2021 |
Churchill6767:pls what is limit order and how can i navigate that. I need help oo before my brain fries |
Re: Crypto Currency Investors Thread by Nobody: 5:24am On Jan 22, 2021 |
Churchill6767:i just found that now and i did go for a limit order when the price gets to a certain level. Thank you for this info but you can teach me more if there is pls |
Re: Crypto Currency Investors Thread by Nobody: 5:32am On Jan 22, 2021 |
Buying btc now not bad
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Re: Crypto Currency Investors Thread by Enyinne(f): 5:55am On Jan 22, 2021 |
Pls which site is this thats showing percentage profit. |
Re: Crypto Currency Investors Thread by Enosa1(m): 6:19am On Jan 22, 2021 |
But why is nobody talking about meetatrader app, that's what I'm currently practicing with. |
Re: Crypto Currency Investors Thread by ImpregnaTor(m): 11:23am On Jan 22, 2021 |
Hmm |
Re: Crypto Currency Investors Thread by Houston17(m): 11:45am On Jan 22, 2021 |
Please house, I got BTC for 40k over night via card on Binance. I was charged 400 for charges but when I got alert from my bank and I noticed I was charged 47279. Can anyone explain to me the excess charges? |
Re: Crypto Currency Investors Thread by Gobengroup(m): 11:52am On Jan 22, 2021 |
Bosses in the house biko help me o � I get the nimc app but pls how can I link it with my verification on luno app |
Re: Crypto Currency Investors Thread by Ebowo(f): 11:59am On Jan 22, 2021 |
BabaGrinz:c Boss i need your help o, |
Re: Crypto Currency Investors Thread by jedisco(m): 12:24pm On Jan 22, 2021 |
bradwilli: I'd explain a bit on liquidity. In traditional investing, it's defined as how long and at what cost it takes to convert an investment into cash. Like someone said, you can excape paying extra, you have to place a limit order i.e place an order that is not at or below the market price. A market order buys at whatever price people are willing to sell even if it's lower or higher than the ideal price. The issue with Luno is that the liquidity is low on the eith/ngn pair i.e number of orders on the table. So your limit order may take hours - days to execute in less volatile periods. I used this to my advantage b4. On days of high volatility, I would market buy unbought limit orders on Luno and it'd be way cheaper. I can quickly transfer it to binance and sell at a good profit. I added screenshots of executed orders on the eith/ngn pair on both luno nd binance and the eith/usd t pair on binance... Look at the time of execution and you'd see the concept of liquidity. What's sold on the usd t pair in one second is not sold on the ngn paur in one hour or even day. It's for this reason I trade the usd t pair. I only trade ngn when I want to withdraw cash. If you're buying small amounts, then the ngn pair may be easier to follow. If you're buying and selling huge, then I'd advise the usd t pair. To do this, you have to first convert your naira to usd t. Also, the ngn on its own keeps depreciating and having usd t as your reserve saves you from that 6 Likes 1 Share
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Re: Crypto Currency Investors Thread by jedisco(m): 12:27pm On Jan 22, 2021 |
bradwilli: Go on YouTube and search for a video on 'how to place a limit order on binance' it's thesame concept that'd work on any exchange 4 Likes |
Re: Crypto Currency Investors Thread by jedisco(m): 12:41pm On Jan 22, 2021 |
Yesterday's candle wasn't the best... What happens today/tomorrow is crucial for the coming weeks. I dont trade just on trendlines only but the way they can be respected is amazing. Later on, I'd share a trendline I've been following for months which is interesting and why I believe the botton is in/ almost in on this drop. If it goes much below this, then we'd be at the lows for sometime. Technically, we've not broken 30k on the 4hr or daily yet. Inability to break that support meals a relief bounce at the very least would be due. Although bulls haven't shown up considerably, but this drop was too slow for a trend reversal. It's such drops I panic sold into in my early days. When betece sells off, it's not thus merciful. Also, this was similar to what happened at 20k a while back. |
Re: Crypto Currency Investors Thread by jedisco(m): 12:55pm On Jan 22, 2021 |
Who else uses the cryptoo fear and greed index for confluence? It's quite a new one but I've used it in the past to hood effect. Looking at it, it's quite obvious, the 38-42 level is key... Above that level, we're good below it isnt nice. It had currently dropped to 40, testing it as support... Lets see how it plays with this level over the bext weeks What's more interesting is that altys have held their levels on this drop
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Re: Crypto Currency Investors Thread by BabaGrinz(m): 1:02pm On Jan 22, 2021 |
Ebowo:My dear ..i'm using it.... for d.now.. #peace |
Re: Crypto Currency Investors Thread by djoe21(m): 1:24pm On Jan 22, 2021 |
ugonology: Bro you have really spoken well. You know your onions I must say. Just to add, Remitano is also a very good Crypto Exchange. Very simple to use with a lot of Nigerian users. 2 Likes |
Re: Crypto Currency Investors Thread by djoe21(m): 1:31pm On Jan 22, 2021 |
Haykins2115: You can use that to verify on Remitano (owned by Vietnamese). Don't know about Quidax though. 1 Like |
Re: Crypto Currency Investors Thread by Nobody: 1:32pm On Jan 22, 2021 |
jedisco:i think i learnt from this explanation. Thank you brother 1 Like |
Re: Crypto Currency Investors Thread by djoe21(m): 1:32pm On Jan 22, 2021 |
tammyboy1: It is for security purpose bro. You can't really blame them. |
Re: Crypto Currency Investors Thread by Nobody: 1:33pm On Jan 22, 2021 |
djoe21:how is their charges like |
Re: Crypto Currency Investors Thread by djoe21(m): 1:38pm On Jan 22, 2021 |
Gemineye: Buy, hodl and pray they win their court case. It is 50/50 but a risk that is worth taking. |
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