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Chikacha's Posts

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InvestmentRe: Crypto Currency Investors Thread by Chikacha: 8:31am On Jun 01, 2023
lrman:
Everyone knows that
Okay cheesy
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 2:51pm On May 31, 2023
henrimoto:
Uncle! 😆 😆 😆 😆 Leave The table wey you wan shake, make our drink no throway.

Bro. Greetings.
cheesy Okay, I don leave am.
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 8:40am On May 31, 2023
twosquare:
Some coins have refused to pick race...so, I'm abandoning them for a short while.
Okay, I think say na we wey nor buy you dey call make I remind you say you don generalize again cheesy

This is just an opportunity to buy and hold.
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 10:27pm On May 30, 2023
twosquare:
sometimes in life, you have to join the winning team and leave losers....i grin grin cheesy cheesy
....and who are the losers?
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 2:22am On May 29, 2023
LikeAking:
Keep quiet..
Ah ah shocked King'King. Na you be this? grin
Which of the forms and sizes we dey?



Na you mention me first ooo. cheesy
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 2:23pm On May 28, 2023
twosquare:
If you have followed this trade like I mentioned, you will be in more than 10% profit now...top 10 gainer coin on Binance today. Stay there dey abuse. I've done my best.
I don't think it an abuse. It is okay to share how you make it and how sure you are about it. But we also have to make sure it is clear enough that it is all trial and not a financial advice. Otherwise, newbies will be tempted to contact anyone who sounds like they know what they are doing. History shows that such newbies become exploited. angry

Before that Bro saved us with his 100 USD, that was all we had here.
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 11:40pm On May 27, 2023
twosquare:
I will respond to the last sentence...it depends on your intention anyway. Of course, if it dips, [b]I hate hearing buy the dips, and it dips further.
Micro trading may recover some of your losses...

THIS IS JUST MY OPINION...NOT FINANCIAL ADVICE.
No, but that is what I am saying to you cause my stable income is much better than crypto. At least for now.
I cannot leave that for crypto micro trading. It cannot be profitable.
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 10:42pm On May 27, 2023
twosquare:
My bro....profit is profit...that is why i said it is subjective...what is profit to me may not be to you or a whale for that matter. Even if it is 5$ increase from 100, making it $105, it is still profit...but when you get $95, it is loss right?

I understand your point but if I'm waiting for a substantial amount to gain before I sell, I may never be able to gather much. For 2 days now, the little scraps I gathered is around $30 gain...small, yes, but if I can repeat that feat every 2 days in a week, that's $30 x 6 = $180 (N135k)...135k every week for 3 weeks is 405k. I deliberately removed the 4th week. Know that these are just postulations...and don't tell me someone in this present day Nigeria with 405k won't do much despite our currency devaluation.

I just want you to see the big picture...people don't celebrate little wins and that little drops make an ocean. If we all on this thread are waiting for a big profit before we call it profit, then we will all wait for God knows when till the market clears us all out.
I am not against micro trading and profit, I absolutely get your point. But the real deal is that with that micro trading if we have not made our 1.5 till now it is just hanging on and not profit.

Yes, I agree that profit is subjective especially if you have a business or you are a corporation but no matter how subjective and flexible people are, they still come down to profit reconciliation. You reconcile your time, energy, and expenses, including opportunity cost! grin (na only God fit help us for that one).

405k is a lot of money for a month but at what cost and how consistent. If the time that we put into making 405k is eating into our consistent income, it becomes a loss. Hence, if profit for you is having cash at hand, then you are good but if profit for you is generational wealth, don't even think about balancing things because na heart break.

I have decided not to mention the wearing and tearing of emotions on our bodies.

Remember, whenever you trade, if it dips and you add more money to average down, when next you sell you must account for that extra DCA before calling the profit. At this rate, only people saying they made profit are in profit while the most of us keep wondering why we don't.
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 8:41pm On May 27, 2023
twosquare:
Making money is subjective...and presently, i have a limit I can use to trade...for now $500...if I make a 10% profit from that, that's $50. And after an accumulation to maybe $100, it goes straight to my naira bank account. The best temptation to lose all when you are still gaining experience is using one's total money to trade. From May, starting from Pepe run and the meme season, till now, profit is $400...and that's 300k. And there are bills to pay, man.

Yes, I trade with a small amount to *understand*, to test, and to know if I have mastered certain things because I recently switched from long term to weekly trading. After all, I have made some calls on coins on this thread that I was mostly right...that means if i have huge capital to invest, it is possible to make good profits. When I am ready to trade with 750k ($1000), I know when to start. No one wants to be in a position where he loses all and can't pay rent, groceries, etc because of investment go wrong...don't pray it for my enemy.

*The best way to test yourself if you will make it in a bull run is in a bear market. If one can make a good decision in a bear market that you don't lose much profits in it, the probability is high that you will retain more of your profits in a bull run.
Ogaa Twosquare, there is no in-between oo. You are either making profit or you are not.
if we stared trading since January till now and we have not doubled or tripled that money. We are just surviving and not making profit.

I think that to breakeven is to double your money and profit is when you breakeven after pulling the capital, so from 1.5x.

I am not counting all the time we invested in analyzing and looking at our screens.

100% agree with your last point there. If after all this suffering we have not learned to retain money, then....


UPDATE
Assuming I bought something for 5k and then it dip to 1k, if i sold it for 1.5k and tripled it in PEPE, I am still not in profit.
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 8:30pm On May 27, 2023
doyin01:
If you are still making money ,then the 1000$ capital should have been raised all these while that you said you are making money.. .if no 1000$ capital to start trading..then you have not made money...
Toor, them go gree?
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 6:31pm On May 27, 2023
sweetveek:
calm down, people already made profit in January, bought op at 1$, sold at 3$, btc already pumped from 15k to 30k, thats 2x.Last month space i,d pumped from 0.4 to 1$, thats 2x, people are actually making money just that alot are buying at the wrong time
Okay, I am calm cheesy
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 12:24pm On May 27, 2023
seanwilliam:
Tbh, at this stage I’m having doubt if anyone here is making gain from this shît grin
I don't think most people made any profit this year.
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 8:47pm On May 22, 2023
NotBeenPaid:
Uhm Omobola121 don do me Deflover way. She dey owe me $491.37 for 7 months now. She's unaccessible like Deflover embarassed
shocked Heh, is this true?
Is she still alive?
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 11:06am On May 22, 2023
solreb:
Hotbit has stopped operations and have advised customers to withdraw their funds

Hotbit said that centralized exchanges are becoming more cumbersome and highlighted that it is “unlikely to meet long-term trends.“

https://cointelegraph.com/news/hotbit-exchange-halts-operations-urges-users-to-withdraw-funds
Natural death to all the shitcoins of the last bull market, including yooshi and that crazy fiat that can buy in millions.
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 2:21am On May 20, 2023
lizzychom:
Hmmmm Oggy inu I command u to pump
cheesy
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 3:27am On May 18, 2023
cheesy
doyin01:
Mtchewwwww
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 4:17pm On May 17, 2023
Blake755:
Which future just hyping nothing else the have moved to another one Simpson abi nah Samson sef 😓😒😣
Sorry Boss.

This people go mess people up in the bull market.
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 1:19pm On May 17, 2023
Blake755:
If I see half of my investment from that shit I will check out 🤦🏾‍♂️🤦🏾‍♂️
That bad? I heard they have futures too. That was really quick.
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 10:23am On May 17, 2023
Robnectar:
pepe dey show me shege like dis
I nor buy that thing oo. The shilling reminded me of yooshi.
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 4:54am On May 17, 2023
Robnectar:
My assets dey bleed and I dey see some kind bad newas for here. Many things Luke dat and my phone screen self 😊😊😊😊😊😊
I'm telling you. Very painful. Today, I went and got me a very expensive gift for hanging on. Instead of DCA huh
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 3:13pm On May 16, 2023
Robnectar:
E Get as e b for here ooo huh
Lol How?
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 2:54pm On May 16, 2023
sonofElElyon:
Pull back correction... with time there'll be another rally.. expecting higher high
Rest nau.
At least allow one person quote you before you quote yourself again.

(Assume I did not quote you.)
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 1:31pm On May 16, 2023
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 8:07am On May 15, 2023
Bullish99:
Have U thought about a binance delist of ur dear MOVR or whichever coin U might b accumulating b4 d NXT bull run? Would U have d strength to face d heartache?
Not discouraging u though. However, u'v got to b smart about investments TIME.
Yes, Someone even said that on CMC. I have thought about it and I am diversifying.

As I said before, it is a risk that I am taking and the people who made it in crypto did not just stay on the sideline. It is the fear of buying and not buying that makes people look lucky. The madman buying something you think you know would not survive, If that thing survives becomes a lucky man.

The way we all waited for 100k and went straight to 15k, People will wait for 15k and still speculate at 50k.

If I am in pain of feeding my family when I tie my money down in crypto, if I use only my 10% to invest in crypto every month, we would be in pain till 2025 0r 2027. After 2027 we won't be that bad again.

On Nysc camp, Someone asked me to buy BTC, I laughed so hard.
In 2016 or so, I did MMM and lost soo much money.
In 2017, another person begged me to buy BTC, I said "NO" I am not doing yeye MMM again, I am caring for family, we cannot take that risk.
In 2018, most of them shouted, what on earth are you saying that you cannot afford 1000 USD, please do everything you can to buy BTC.

In 2021, My life became far better but most of those guys are now millionaires. These are people from Jigawa State, Ikotun Egbe, Deeperlife, and MFM wey we could not afford clothes to wear as kids wey people die leave us wey we nor even get land to sell.

Naa, I have seen too much to be on the sideline and I am sure someone else has seen far worst than this.

My fear is not that I will miss the train. My fear is what happens after BTC is no longer the trend, wealth has redistributed and those who already made it now hold the wealth? I would have missed the opportunity of a lifetime, literally, and 1 to 5M USD won't be anything anymore.
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 9:03pm On May 14, 2023
charly20:
I understand your point clearly. However, what I'm on about is leveraging on sound technical and fundamental analysis to know just when you can start "DCAing". Example; why should I buy Eth at $2,000 when I'm certain I'll have an opportunity to buy at $1,000?

To DCA in this situation with limited pool of funds, I can start from $1,500 to DCA as opposed to buying at $2,000. You get my point?

I bought $ONE at 0.015 sometime in March and called it here and sold at the end of april with whatever profit I got because I understand that I'll get better opportunities in May/June, look at the charts now.

You don't become "the millionaire" by giving up the profits you got or by buying at the top (red candles don't always mean "bottom" ), we've got to be smart about investing.

Be well.
Thank you very much for your response. I understand where you are coming from. But you are working with the Certainty that ETH is going back to 1k. Not all of us can afford to risk that since there is no certainty in crypto. In away, that makes you different from the rest of us.

If I want 12.5 ETH as you have ETH in your example, If i start buying from 2k to 1k, I would average ETH around 1,200, to 1'400. I don't think this is bad.
For instance, I know that MOVR is a gamble but I still need a few of it so each week from the beginning of this year, I bought MOVR and I don't plan to stop till March of next year. Just incase it goes back to 500 USD.

Can someone say i am lucky if it happens, YES, Is it going to be true, Absolutely not!
Am I suffering right now, Oh yes!
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 6:23pm On May 14, 2023
charly20:
Taking positions at discounted prices is when you know that reversal is not too far away. It saves you the stress of weathering drawdowns for a long time.

Buying now because you're buying at discounted prices only for the market to offer more discount and then you running out of investing capital sucks.
If one really needs to change their life, then the best advice is to take position as he said. There will never be a guarantee of when we are ready to change the trend. The difference between those who made it and those who should have made it is actually DCAing and living through the pain, fear, and uncertainty...... plus actually selling in the bull market.

All of us must have iron and paper hands. The iron fist is for the bear market and paper hands should be in the bull market.

If you don't feel pain, you are not doing it right. I don't think the crypto millionairs were any lucky. I believe they lived through fears and pain. Therefore they deserve their gains.

I have been looking at Crpto since 2013 most of my mates who bought it are now millionaires or about to cross that line. I watched cryptos go from 1 to 1000 USD.

If the rest of us keep waiting for the right time, we would be the spectators and only get the crumbs. Not me that said it, Dido did. ( life for rent )
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 12:47pm On May 13, 2023
doyin01:
Mtchewwwww
cheesy

I still dey wonder how this thing get spelling.
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 1:48pm On May 12, 2023
Taidi:
@Dannycrypt on twitter
shocked I didn't know he could do that.
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 1:31am On May 12, 2023
Ekehwinz:
An influencer on twitter was shilling a coin he already dumped on his followers. People really trusted this influencer
Which one of them?
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 10:31am On May 11, 2023
Ladishx:
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With this platform, everyone can join whether you trade forex or not; whether you are currently employed or not. You can join and start earning stable income monthly.

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let it go.
People here can invest for themselves.
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 3:28pm On May 09, 2023
twosquare:
VERY CLOSE. Either they like it or not, crypto-enabled CBDC is what they will resort to...Dem still dey do strong head. They will soon cry out. grin grin
Either they like it or not??.......Crypto is soo here to stay that BTC is not going to be enough for whatever is coming.
InvestmentRe: Crypto Currency Investors Thread by Chikacha: 9:42pm On May 08, 2023
twosquare:
What did he say?
Last week he said to buy Litcooin.

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