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Crypto Currency Investors Thread - Investment (411) - Nairaland

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Re: Crypto Currency Investors Thread by labisibrass(m): 11:56am On Mar 26, 2021
gentlemen, please how do I safely transfer my fund from luno to binance. I Just finished verifying my binance account. It's in euthereum
Re: Crypto Currency Investors Thread by Nobody: 11:57am On Mar 26, 2021
hello guys, I am confused. Some people are selling usdt upto 1000 naira but buy at 490. I want to sell my usdt I have about 2k plus, and I am seeing 2milion plus. Is this real or there is something I need to understand?

Re: Crypto Currency Investors Thread by freshStarz: 12:05pm On Mar 26, 2021
An opportunity you shouldn't miss. Learn To Trade Forex.

Re: Crypto Currency Investors Thread by Nobody: 12:05pm On Mar 26, 2021
Henrymorre:
hello guys, I am confused. Some people are selling usdt upto 1000 naira but buy at 490. I want to sell my usdt I have about 2k plus, and I am seeing 2milion plus. Is this real or there is something I need to understand?
Avoid those buyers with mouthwatering rates!!!
Read their Terms and Conditions. They are asking sellers to release coins first before getting paid.(Which is wrong). Be careful.

11 Likes

Re: Crypto Currency Investors Thread by Gemineye: 12:17pm On Mar 26, 2021
Ibime:



Ahn, ahn, why the attacks now? I done mention am here before, plus the 25% is from like last Saturday when I bought it. It has not increased in the last 24 hours but has held it's form. The cøin is E.R.N. Another one I bought that has held it's value is X.B.E
Boss pls where can i buy XBE
Re: Crypto Currency Investors Thread by solreb: 12:23pm On Mar 26, 2021
Habiboss1:
A friend introduced me to doge bank last week and I did not show any interest until Tuesday when I got to join and started getting 25% of my DOGE also... just check out the link below. It’s getting real.

https://dogebank.ltd/?ref=80202

https://dogebank.ltd/?ref=80202



Congratulations. I have 11500 DOGE but I prefer not to double it this your way. It is too tempting to be true earning 25% per day when DOGE itself has been range trading. Good luck

1 Like

Re: Crypto Currency Investors Thread by Hamachi(f): 12:31pm On Mar 26, 2021
The global crypto market cap is $966.22B, a 2.50% increase over the last day.
Read less
The total crypto market volume over the last 24 hours is $111.47B, which makes a 15.24% decrease. The total volume in DeFi is currently $13.52B, 12.12% of the total crypto market 24-hour volume. The volume of all stable coins is now $87.93B, which is 78.88% of the total crypto market 24-hour volume.

Bitcoin's price is currently $32,890.16.

Bitcoin’s dominance is currently 63.29%, a decrease of 0.72% over the day.
Re: Crypto Currency Investors Thread by solreb: 12:32pm On Mar 26, 2021
Henrymorre:
hello guys, I am confused. Some people are selling usdt upto 1000 naira but buy at 490. I want to sell my usdt I have about 2k plus, and I am seeing 2milion plus. Is this real or there is something I need to understand?
Make sure that whoever wants to buy from you oay first and you confirm payment before you release your USDT. There are some scammers there that may offer you ridiculous rate but will tell you to release your USDT before paying. PLEASE DON'T. Good luck. The highest I have bought USDT this week was N499 as I bought $2k worth yesterday

2 Likes

Re: Crypto Currency Investors Thread by Bunker1(m): 12:48pm On Mar 26, 2021
babanne:




Your comments show that you dont have good info on BTT fundamentals. It means you have not been following the growth of BTT. Even when TRX is very sluggish, BTT has done over 2x recently under two werks and its still up (actually TRX is growing but not in chaos). When the time for skyrocket comes, I will remind you guys.

Cheers.

If you are sure why bothered about what people think about your investment, Btt has double my stack under one month, and it's one of the coi.n that didn't shake during btcee downstream. No one is talking about ChZ now but soon it will shoot. Green means go but in crypto it means you are late to the party.

4 Likes

Re: Crypto Currency Investors Thread by Nobody: 12:49pm On Mar 26, 2021
solreb:

Make sure that whoever wants to buy from you oay first and you confirm payment before you release your USDT. There are some scammers there that may offer you ridiculous rate but will tell you to release your USDT before paying. PLEASE DON'T. Good luck. The highest I have bought USDT this week was N499 as I bought $2k worth yesterday
thank you. I just checked an noticed they wanted me to send first, obviously, but while is binance allowing scammers to still thrive?
Re: Crypto Currency Investors Thread by emsco(m): 1:12pm On Mar 26, 2021
I need people to enlighten me on this. I notice binance don't let one buy any coin less than 10 amount in numbers. I want to know if is the same with Bitcoin, how many bitcoin do i have to buy to be able to trade on binance??
Re: Crypto Currency Investors Thread by Tenshades(m): 1:12pm On Mar 26, 2021
Henrymorre:
thank you. I just checked an noticed they wanted me to send first, obviously, but while is binance allowing scammers to still thrive?

Also, ensure you check for ratings before you proceed with a buyer/seller.
Re: Crypto Currency Investors Thread by narit: 1:17pm On Mar 26, 2021
A305:
Next time, do not buy dip until you confirm "consolidating" green candle at the end of seemingly bullish day after the bearish days.

You would have saved your money and not fall for the "buy the dip" soothsayers/false prophets. And I can 100% confirm to you that 90% of analysts here are WACK and don't have it figured out.

Come to think of it. You mean no analyst here saw this bearish b t c season for you and others to have gotten caught up in it. Oh no... We only have anylysts here for BULLISH days and not for BEARISH days. Funny huh.

Honestly, I have no interest in saying anything to you, but the moment you attacked, the people who as taken this thread this far. I just have to say something!

Just been curious, how old are you?

Your comment come across as one that is met to discourage those who have been genuinely trying to help people here. People who have helped with the little they know and have no interest in been seen as a Good or professional trader. We all can obviously tell, they do it, just to do it!!!! Not for money or Glory.

But you on the other hand, you do not "KNOW ANYTHING AT ALL". Ever since your wacky signals have been pointed out, the shame cannot allow you to give out signals anymore but just so you can still remain significant, you condemned ever coin posted here be it bad or good. I despise your Kind!!! If you are gonna brag, at least be worthy of it!!

6 Likes 1 Share

Re: Crypto Currency Investors Thread by Hamachi(f): 1:21pm On Mar 26, 2021
*LETTER TO A YOUNG INVESTOR*

Recently my firm was hiring a junior analyst – someone who’d work directly with me. In the past we’d post an advertisement and get hundreds of resumes and we’d have to dig through them trying to identify a candidate with the right pedigree and relevant experience.

We have probably employed thirty interns over the years to help us with research. We have learned from experience that educational background, prior experience, and even working toward the CFA designation had very little predictive power as to whether a person would end up doing great or just mediocre research. I decided to take a slightly different approach to hiring for this position. There was only one factor that really mattered to me this time – passion.

Yes, passion!

Investing, though it can be an incredibly intellectually stimulating and rewarding endeavor, can also be (and often is) very frustrating. Thoroughly researched and well-thought-out decisions don’t always result in the expected outcomes (you can thank Mother Randomness for that). But even when decisions do pan out, the time for gestation to fruition may be years.

Passion is the fuel that keeps a diehard, process-driven value investor going through the times when the markets are divorced from reality, when it feels like you are living Einstein’s definition of insanity – doing the same thing over and over again and expecting a different outcome.

There is a saying in basketball: You cannot teach height. In investing, you cannot teach passion.

How do you find out if applicants actually have passion?

Build barriers for candidates to climb. I intentionally made applying for the job a very time-consuming exercise. We asked for the following from the candidates: List the books you’ve read over last twelve months (not limited to just investment books); give us a sample of a stock idea analysis; write a few paragraphs about two people (dead or alive) who impacted you the most and tell us why; tell us about three books that have impacted you the most and why; and finally, write us a cover letter to tell us why we’d be making the biggest mistake of our professional lives by not hiring you.

We contacted local universities and posted this position on social networks. Someone on Facebook opined that he would not want to apply for a job that required so much effort. My reply was, I only need one person (and it was not him).

We received four dozen applications. Most of them were just resumes with a standard cover letter that predictably said something along the lines of “Dear hiring manager, I am awesome. Hire me” – we completely ignored them.

However, we received a dozen submissions that answered every question posed by the job description. We carefully studied these submissions, conducted several interviews, and hired a person who went far and beyond what we asked for in our questionnaire.

After this process was completed, I felt that I owed the candidates who had done their homework the courtesy of at least paying them back with my time. I contacted them and offered to meet them in person or over the phone.

Here is why…

I know exactly how most college graduates feel. I remember that when I graduated from the University of Colorado in 1997, felt completely lost. I had no idea what to do next. As I was thinking what advice I’d give our candidates, I realized I just had to think what advice I’d give myself twenty younger. I did what I usually do when I think – I sat down to write.

So here it comes.

A Letter to a Young Investor (or my younger self)

To quote Mark Twain, don’t let schooling interfere with your learning. I recall that when I graduated from university, I was feeling invigorated by Modern Portfolio Theory (MPT). I was ready to calculate betas and go on the expedition to look for the efficient frontier … only to discover that MPT, though it won Harry Markowitz the Nobel Prize, was not used by practitioners. It is used by academics and consultants (the latter being academics who could not quite make it in the real world).

MPT is a model, and just like many economic models, it comes with a warning label in small print: Ceteris paribus, which translates from Latin as “other things being equal.” Be very wary when you see this phrase; it is asking you to ignore what did not fit into the elegant formula, which in this case is the assumption that humans are rational. Creating a theory based on this assumption is as useful as building a plane by using physics that assumes the world is flat or puts gravity in ceteris paribus small print.

I have had thousands of conversations with other professional investors, and I have yet to have a deep and meaningful conversation or debate about beta or the efficient frontier.

Find yourself. Investment strategy is like a piece of tight clothing: Just because it fits and looks good on someone else, doesn’t mean it’s a good fit for you. Your investment strategy has to fit your personality; it has to wrap around your biases and life experiences. You’ll only discover your strategy, the one that fits your personality when rubber hits the road, when you start putting real money to work.

Which brings me to the next point.

Just do it. The best way to learn investing is by doing it. Don’t do paper portfolios. Take as much money as you are can afford to lose (because you may lose it), and invest it –. Look at this sum as real-world tuition and start investing one stock at a time. The most difficult part of investing is staying rational when you get punched in the face by the markets. Paper portfolio doesn’t punch you in the face; the worst they’ll give you is paper cuts. Understanding the emotions that losses and gains evoke in you and dealing with these emotions is incredibly valuable.

Don’t focus on building a properly diversified portfolio. Your initial focus should be stock analysis, not portfolio construction. You simply won’t have the time to do enough deep research to build a diversified portfolio of 15 to 25 stocks. At this point in your career, depth is more important than breadth.

Invest, don’t gamble. Do the analysis with the diligence and care that you would bring to investing your parents’ retirement savings.

Document your research. Imagine you are working as an analyst at a mutual fund and writing a pitch for a stock to a portfolio manager. And then after he has listened to your advice, you are updating him on what to do next. I promise you this: You’ll learn a lot from documenting and writing up your research. This will keep you rational. And there is another important benefit: When you apply for an analyst job, you’ll have something to share that sets you apart from everyone else (many with better educational pedigrees) applying for the job.

I’d recommend browsing through investment writeups on ValueInvestorsClub.com. This website was started by Joel Greenblatt – a terrific investor who wrote The Little Book That Beats the Market and You Can Be a Stock Market Genius. (By the way, I highly recommend both books.) It has 250 members (I am a member). It is very difficult to become a member, but you can browse every idea that has ever been posted there with a 90-day delay. This is where you can learn what the depth and rigor of your research needs to be. Writeups there are posted by diehard value investors, not academics, who put their money where their mouths are.

How do you start? What stocks do you begin analyzing first? Recently I was asked this question by a fellow who had undergraduate and graduate degrees in aerospace engineering. What do you think my answer was? I said “You probably know more than most people your age about the aerospace industry. Create a map of the industry and then learn about each company in the industry.”

If you got yourself through college working at a restaurant, and if you are not sick of it, restaurants and food distributors would be a great place to start. It is easier to start analyzing something you already understand. By doing so you are removing an extra layer of complexity involved in learning the physics of an industry.

Embrace ambiguity. When you solve physics problems you expect the answers to extend several digits beyond the decimal point. Physics is an exact science. In investment classes you were given precise inputs to punch into mathematical models and thus were expected to spit out exact answers. But unlike the inputs you were given in your classroom problems, real-world inputs are imprecise; indeed, they can be downright hairy. Thus heed John Maynard Keynes’ advice: “I’d rather be vaguely right than precisely wrong.” Vague rightness comes from understanding how things work and the relationships among variables.

Learn to say I don’t know. You cannot be expert in everything. Someone who has an answer for everything probably knows very little. Saying I don’t know when you don’t know requires honesty and self-confidence, and it opens doors for learning.

Make investment friends. My life over the last twenty years has been enriched by having great investment friends around me. Today my investment friends are really just my friends, with whom I share and debate stocks, though we also talk about what your normal topics – family, kids, etc. Investing doesn’t have to be a solitary, sterile journey; in fact it should not be one. Every investor, without exception, will go through a period where he or she feels like a complete idiot – the market will do this to you at times (trust me on this one). If you have surrounded yourself with the right (humble, non-arrogant, empathetic, pull-you-up and never-push-you-down) investment friends, they’ll provide the support that will help you cope with this difficult time. Also, if you surrounded yourself with friends who are smarter than you, then you’ll have an endless opportunity to learn from them.

Here are some books that I’ve found helpful.

I’d start with Fooled by Randomness, by Nassim Taleb, which will make you deeply appreciate the role randomness plays in investing.

There are a lot of books written by about Buffett, but my favorite is still The Essays of Warren Buffett, Buffett’s annual reports edited into a book by Lawrence Cunningham. Then there’sPoor Charlie’s Almanac, if you want to understand the second half of Berkshire Hathaway – Warren Buffett’s partner, Charlie Munger – which also includes Munger’s speeches.

Thomas Sowell’s Basic Economics has taught me more about economics than all my economics classes combined.

Margin of Safety, by Seth Klarman – one of the most brilliant investors of our time. Though the book is out of print, you can find it online if you’re resourceful. If you fail to find Margin of Safety, Howard Marks’ The Most Important Thing Illuminated is also filled with Klarman-like wisdom.

I was a big fan of the Little Book series long before I wrote a book for that series. However, the process of writing one made me appreciate the series even more. These books are usually written by great thinkers and practitioners (we’ll exclude yours truly), who often have taken their “big” books (as I did) and simplified and condensed them into smaller, more accessible works. This process of simplification and condensation forces you to keep what matters the most. My two favorite books in is series are The Little Book of Behavioral Investing, by James Montier, and The Little Book That Builds Wealth, by Pat Dorsey.

Reminiscences of a Stock Operator, written in 1923 by Edwin Lefevre, tells from a first-person perspective the fictionalized tale of the early years of the great trader Jesse Livermore. It is rumored that this book was actually written by Jesse Livermore and edited by Lefevre.

Though traders and value investors fish in the same pond – the stock market – and may even catch the same fish at times, their approaches and analytical timeframes are diametrically different. However, they do share a common element: Both activities are carried out by humans and thus are impacted by emotions. Reminiscences provides a great introspective look inside a trader’s mind and teaches many behavioral and common-sense lessons. My favorite edition is the one annotated by my friend Jon Markman. Jon’s annotations are like a book within a book; they take you behind the scenes of Lefevre’s story and give important insights into the key characters and the backdrop of that very interesting time period.

This is anything but a complete list, but it’s a good start for learning about investing.

I don’t want to end with empty platitudes, but I’d be remiss if I didn’t stress the importance of having an unstoppable, insatiable thirst for knowledge. Learning doesn’t cease when you graduate from university; it continues and never stops. As I look at my investment role models, all them, without exception, have that quality. If you don’t have that thirst, cut your losses and find another career or hobby.

A value investor needs to have a growth mindset.

By Vitaliy Katsenelson

4 Likes 3 Shares

Re: Crypto Currency Investors Thread by elmoduddah: 1:33pm On Mar 26, 2021
onyidon22:


Which exchange can one buy this coin? It is not traded on binance
To find where any coin is listed, go to coingecko, search for the coin and click on “Exchanges”. It will show you where the coin is listed

4 Likes

Re: Crypto Currency Investors Thread by Ronin1: 1:42pm On Mar 26, 2021
Henrymorre:
hello guys, I am confused. Some people are selling usdt upto 1000 naira but buy at 490. I want to sell my usdt I have about 2k plus, and I am seeing 2milion plus. Is this real or there is something I need to understand?

Isn't it obvious from their completion rates?
Re: Crypto Currency Investors Thread by odysey: 1:50pm On Mar 26, 2021
Which platform can i easily buy crypto and with which bank card? Thanks
Re: Crypto Currency Investors Thread by emsco(m): 2:45pm On Mar 26, 2021
emsco:
I need people to enlighten me on this. I notice binance don't let one buy any coin less than 10 amount in numbers. I want to know if is the same with Bitcoin, how many bitcoin do i have to buy to be able to trade on binance??
so no one can help men with this?
Re: Crypto Currency Investors Thread by Ibime(m): 2:48pm On Mar 26, 2021
Gemineye:
Boss pls where can i buy XBE

UniSwap, 1 inch etc. It has almost 2xed for me in 3 days
Re: Crypto Currency Investors Thread by MrCodeSolo: 2:53pm On Mar 26, 2021
emsco:

so no one can help men with this?
move your usdt to kucoin Ex or bitmax...via tron-usd form from dia u can buy any amount ofany coin you want.

1 Like

Re: Crypto Currency Investors Thread by emsco(m): 2:58pm On Mar 26, 2021
MrCodeSolo:
move your usdt to kucoin Ex or bitmax...via tron-usd form from dia u can buy any amount ofany coin you want.
Thanks for the response.. Pls how do i move my USDT to these other exchange you mentioned above?
can't I buy USTD on these platform and buy BTC then transfer to Binance
Re: Crypto Currency Investors Thread by Jerry59: 3:00pm On Mar 26, 2021
emsco:
I need people to enlighten me on this. I notice bynance don't let one buy any coin less than 10 amount in numbers. I want to know if is the same with Bytcoin, how many bytcoin do i have to buy to be able to trade on bynance??
The minimum you can trade with on binan.ce is $10 that’s why you’re getting that message
Re: Crypto Currency Investors Thread by emsco(m): 3:11pm On Mar 26, 2021
Jerry59:
The minimum you can trade with on binan.ce is $10 that’s why you’re getting that message
I have more than that on binance, i get that message anytime i want to buy a coin with higher amount, they tell me i cant buy less than 10 of the coin.
Re: Crypto Currency Investors Thread by StrafordSTONES(m): 3:16pm On Mar 26, 2021
I'm gaining experience daily. Few minutes opened a sell order of Busd on P2p. The buyer transferred the funds and I received but he didn't click transferred on his on end; Binance had to cancel the trade because in their system, he didn't make the payment. Fortunately for him, I called him when the order was opened so he used the no to call me back and pleaded that I reopen the trade. I did and I feel almost righteous grin

18 Likes

Re: Crypto Currency Investors Thread by Jerry59: 3:17pm On Mar 26, 2021
emsco:

I have more than that o, i get that message anytime i want to buy a coin with higher amount, they tell me i cant buy less than 10 of the coin.
You can have more than that as balance and still want to buy a coin with less than $10 so check well. After inputting your values check amount at times it switches back to 9.9 so do the changes

1 Like

Re: Crypto Currency Investors Thread by emsco(m): 3:28pm On Mar 26, 2021
Jerry59:
You can have more than that as balance and still want to buy a coin with less than $10 so check well. After inputting your values check amount at times it switches back to 9.9 so do the changes
thanks bro. what about BTC, do i have to have huge amount of money to be able to afford 10 Bitcoin since they won't let me buy less amount on binance.
Re: Crypto Currency Investors Thread by CryptoMatic: 3:30pm On Mar 26, 2021
Henrymorre:
hello guys, I am confused. Some people are selling usdt upto 1000 naira but buy at 490. I want to sell my usdt I have about 2k plus, and I am seeing 2milion plus. Is this real or there is something I need to understand?

As you can see most of those guys have 0-1 trades, so if you decides to trade with them and you get scammed, don’t come here to spam this thrend. Ok

1 Like

Re: Crypto Currency Investors Thread by CryptoMatic: 3:33pm On Mar 26, 2021
Ibime:


UniSwap, 1 inch etc. It has almost 2xed for me in 3 days



PancakeSwap is currently +26% now, I bought the dip yesterday

1 Like 1 Share

Re: Crypto Currency Investors Thread by Nobody: 3:41pm On Mar 26, 2021
Binance needs to do something about the scam guys buying on their platform oo...Dem don plenty
Re: Crypto Currency Investors Thread by Macktaob(m): 3:55pm On Mar 26, 2021
emsco:

thanks bro. what about BTC, do i have to have huge amount of money to be able to afford 10 Bitcoin since they won't let me buy less amount on binance.
Can you afford 10 BTC? Pls, apply your intelligence to what you doing.
Re: Crypto Currency Investors Thread by KrazyDave16(m): 3:59pm On Mar 26, 2021
Henrymorre:
hello guys, I am confused. Some people are selling usdt upto 1000 naira but buy at 490. I want to sell my usdt I have about 2k plus, and I am seeing 2milion plus. Is this real or there is something I need to understand?
Scam format.

Using your greed to entice you, making you dash out your tokens for free.

3 Likes

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