DenreleDave:


They charged u right... Luno charges 2% on deposit I think

Which deposit una dey talk so, because I Dey deposit bar, na 300 Naira i dey pay

lovinhubby2wife:
Please am I doing this the right way?? I just bought ripple still using it for practice before I go in full time... is this properly placed?

The difference btw ur limit and stop price is too much na... if you’re trying to sell right now why not sell at 134/135 or wait till 1/2 am to see where it’s at... Or if you get mind risk am thru till tomorrow morning
But sell using limit order only, don’t use stop limit for sales, you don’t have too many to sell so your order will be picked up just set your price right

jedisco:


Leave that guy... He's a low budget scammer.

He should explain any of those and tell us how profitable it's been for him

Lol

jedisco:


Different traders have different patterns and if you trade it successfully then why not.

I also bought some at the lows and waiting for certain targets. I don't bother myself too much about the news. The TA and PA has alot already. I'm ready to add more tp exrp once it closes a weekly candle above certain targets. For now my capital is best ploughed into other projects

My advice is to new folks who'd rush in because it's cheap. With alts, I don't get married to them. The top 10 altys in the next run (aside eth) might be absolutely different from what we have now. Also people forget that this bull run will come to an endand if your alt hasn't moved by the end, when betece corrects, it'd also dump too.

Majority of folks seem to be in it or seem to want to get into it for magical results and quick profits...

bradwilli:
i started that already, i mean the naira limit. And i can't seem to login in to my pm this past weeks. But i did learn and following the limit order currently

Weird cuz coulda swore I got a pm from u yesterday but no worries, since you got a hold of it I don’t see why you’re still paying such charges

elmas:


Day trading with from like how much would be fine?

Don’t day trade until you have a good hold on how to trade properly to begin with... Put it simply if you’re daytrading your targets should be from 0.2% - 7% MAX daily & your losses should be half that, if all goes better than that for you all well and good. Having a safety cushion is important when doing day trades.

For you to feel a 1% increase you have to have at least 100k up, and when you think of all these charges if you have to force liquidate, you have to ask yourself if the profit is worth the charges

luvlyoracle:
Kai!!my chest
Buying the dip n it keeps dipping



A very short story!!
Mentor: buy the dip, buy the dip, musa kept on buying the dip
Musa: Sir, the dip keeps dipping bottomlessly
Mentor: keep buying the dip
Musa: (sweating profusely) sir, i have gotten about 8 dips now with a total of $650
Mentor: Musa! Musa!! do you have USDT??
Musa: Yes sir i do
Mentor: buy the dips
Musa: (sluggishly clicks buy)....
{12 hours later)
Musa: sir i have ran out of USDT, but its still dipping . . .
Mentor: now watch . . . .
[ONLINE FUDDER ON FACEBOOK] cryptocurrency is crashing, chinese new year is coming
Musa: Mentor, Mentor, (number not reachable) OMG what do i do . .
Musa: (clicks SELL) let me stay with my $120 .. at least ive gat something left

------- 20 mins later ---------
(market) GREEN!
+20! +40!! +45!!!
Musa: omg its coming up! Musa FOMO'd
(3 mins later) -20!
Musa: oh noo , PANIC SELL

------5 minutes later ------
+20! +20! +30 . . . .this is a false breakout . . . . .+120 . . . hmmmm
THE END!!!


What was Musa lacking??

Any idea??

Copied!!

Laughed so hard when I saw this

BabaGrinz:
Na wa oo.....i've been reading thru the comments on this thread and I've come to understand that the only way most of u guys earn btc is by buying and selling asin buy wen d price is low then sell wen it rises..well that's one of d ways to earn cryptos but mind u there r a thousand and one ways to generate btc...like thru exchange asin exchanging crytos..,cloud mining. Using ur hard drive hashrate to get this btc..PTC .,faucet claims...so to all newbies please I'll recommend u make use of google to explore on cryptos currencies on d different ways u can earn it..i would have drops some links bt d last link I drop lead to me been ban ..so instead of relyin on the buyin and sellin strategy wy not explore other means so as u wait 4 d price to rise ur BTC will b accumulating..
#Peace

Baba Mining doesn’t work how you think. Now you need a shit lot of miners to even mine a quarter of what used to be possible, the running costs alone will milk you... Lefs not cap

jedisco:


To me, Hodl and exrp do not go together. It's the easiest way to get rekt. This is a coyn that has consistently performed much worse than betece and eith over the past several months and folks are saying hodl. It's like having the money but choosing to buy a land in Maiduguri instead of Ikoyi because land in Maiduguri is cheap. Good luck with that.

That said, it seems it's due a temporary reversal against betece and I'm targeting a move up to sell. I wouldn't advise someone new to go anywhere near exrp... I made that mistake and have learnt. Others don't need to make it.
In human nature folks are keen on being superman. They want to say I bought what others were fearful of. Hehehe....Trading is easy when we follow the basics

I guess I’d have to come back in 6 months and tell you guys how I did. I am hoarding over 3m in rip to see what the outcome is with their lawsuit. I’m however trading with it daily so it’s not all bad yet but I’m aiming for 200 NGN each, at that rate I’d make over 40% which is fair for Me.

Enyinne:
Pls which site is this thats showing percentage profit.

Check any cryp site... At the end of the day, you can stare at charts for ages or various analysis, fact remains no one can predict what will really happen, you can only analyse the trend and see ways to benefit from it. Set your own targets

bradwilli:
how do i avoid such fees or is there a way i can buy to avaoid that?

We told you this more than once, if you haven’t gotten it by now I don’t know what to say

Ojemedad:
No one is mentioning paxful here

Paxful not an xchange, it’s more like a third party excrow service

jedisco:


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.

Same way people who were supposed to sell and take profits at 37/38k were waiting for 40k. Now they crying about 29k

If anyone wants to succeed in the trading market stocks and cryp you need to set targets and goals, once you attain them, balls in your court on whether to cash out or stick your neck out. If my target is 30k and it goes further than that it’s a plus for me, if it’s 33k suddenly and I am anticipating 34 which never happens, and it starts to drop to 32, what stops me from dumping at 31 if not 32 when my initial goal was 30

jedisco:
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

Best advice in a min...

I always buy in at various prices, I also sell at various prices

Ceegar01:
please guys my friend registered with 20k two weeks ago he downloaded luno app but he haven't gotton any btc it's still showing 0.00 I'm afraid of investing, please how many days does it take to get your btc after registering with
luno

Loool how did he register with betece, you can’t even buy on Luno without doing your first verification

bradwilli:
they do. 12k plus was charge from me yesterday after buying E th. They do bro

You asked yesterday for help with avoiding these charges, I said to pm me so I could put you thru, never did. If you wanted to avoid them, you’d follow the instructions here about limit orders.

DenreleDave:


Like how much in naira equivalent did u purchase

I’m extremely surprised at these charges quoted, pls show a screenshot of how you made this purchase

I also noticed some people have reservations about rip, which is very understandable. however I have seen one too many times when the SEC settles these sort of lawsuits, at the same time, people seem to feel America is what influences cryp which is false, Asia does... A lot of xchanges have stop trading it on their platforms but most Asian xchanges still have it on there. And I have been able to use the 1-4 Naira price difference daily to at least day trade multiple times a day. I currently have just over 58,000 rip, half of which I’m hoarding for the next 3-6 months to see what happens with their suit. I went in when it was 112 NGN, left heavy when it was 143, did a few day trades in btw, bought in yesterday at 122, sold today at 131, I’ve practically made over my target, it’s like trading stocks, it’s a multiple times a day thing, and you captitalize on every rise and drop.
If it is going to drop, it won’t drop 20 Naira in 3mins, I have my price alerts set to 128, once it hits that I liquidate and keep my fiat.

My advis is simple do wetin ur head carry, if you know you bought at 30k plus, hold it till it hits 40k/50k or more which will definitely happen this year

I also noticed a lot of people complaining about Luno fees, I don’t know which of the lunos you’ve been using but the one I use when I’m using limit orders doesn’t charge me 1 penny except I use market price sales or buys... I agree that liquidity for some qoins are low on Luno but if you know the system, u can liquidate fast enough. I wouldn’t advise a newbie to daytrade without fully understanding how it works first. And if you have long term goals stop worrying about short term results

All my accts were banned again; one thing I can say is this however, I’ve noticed 80% of those here who ask about guidance will ask what qoins are best for long term; and have Recieved the same responses over time, Eith, Big B, Litee amongst other Alts. They’ve also been told to only buy when it dips, most people don’t seem to understand that just cuz there was a surge to 34k plus don’t mean it would stay there. At the end of the day everyone can only project and have expectations however. If your goals are long term & you bought at over 30k, and as expected the price dropped to 27k, pls why are you surprised in a market that’s known to be volatile. Projections are for the foreseeable future, and the not too distant one. Many people jumped on this bandwagon when it hit 16/17k in 2017 and suffered greatly when it dipped to 4k, many also did panic sales, very selected few held on. Even in 2019 when it went from 2.6m to 5m in July, people hopped on & when it crashed or 2.3m in November, everyone ran away, i took a chance then and bought over 30 more in total because I was running a biz that allowed me buy gift cards at 50-60% of the value & exchange for Beetee at 75-80% of the value. So I had other methods to build my portfolio, I admit I sold a bit when it went up to over 5m but I also bought even more in anticipation that it would hit 20k (8m) that was my target from my late 2019 early 2020 hoarding, throughout 2020 it performed well, i did a lot of trading in btw but I still never got to that target price. Guess what, by December it surpassed my expectations and went past 29k and I was happy. That was for the qoins I hoarded for long term reasons... Bear in mind I had over 40, imagine my 40 losing value from each time the price rose and fell, but I knew what I was in for.

Same with Eith, I bought when it was 70k in 2019, I set a target of 150 by the next year, I don’t need to tell you where eith was by sept, I held on, and I believe it was the best decision of my life, 900% in 14 months; I couldn’t beat that.

Everyone has a misconception of Day Trading: Day Trading is buying a commodity or security or asset at for example 3 naira & selling at 4 naira and then buying it again at 3 or 3.5 to resell at 4.5. Or even buying at 4 naira and selling at 3.4 naira to cut losses and buy back at 3 naira to resell at 4. It will only generate you heavy income if you have block, I wouldn’t day trade with 50k

jedisco:


Regarding your coins, I'd say look at certain things.

Dot, is currently the 3rd highest market cap by volume. It's gone from 4 to 20 in under a month. It's in a bubble already. I can't say if this is the top cos it can keep going parabolic, but I wouldn't advise to have 40% of your portfolio in it at this stage. It'd retrace and it's retrace wouldn't be sweet. It'd do that when others are pumping.

I took half of my stash out btw 17-18... I'm watching how it plays with the 20 level... Personally, I don't think there's much steam left in it.

Ren is a sweet one if you're a day trader. It goes up and down anyhow... The 0.5- 0.6 level is now strong demand which it has retested. It should run in the coming days but give it a breather...

Ada... This has moved heavily in the past weeks, it'd still move but don't get stuck on it.

Link- this is the sweetest for me... Clean break of ATH and retest... My worry is that many folksare talking about it hence it's pump may be dalayed... But it'd sure move and when it moves, it moves.

Finally if youre here for the long term, why are you not in eith? Hope you know it'd perform all these you listed aside betece in the long run. Once it breaksATH and moves, then going into other smaller altys would be free money..

That said, betece has had a major move, it's unlikely to be a V-reversal. It should take sometime. It needs to consolidate a bit, and you can't tell how altys will behave... So far they've done well, but if it shows weakness, they may drop further

Finally someone that gets the basic concept of day trading, you should only say trade with qoins that go up and down at least a couple % a day, it’s funny seeing people ask questions about this and going back to do something else... Half the guys here say which is best to get into & you ask is it long term or short term, they say long term, end up buying and expect profits from the exact same day, if you’re buying long term, i see no reason why you should have issues with prices falling when you’re confident of your projection

DenreleDave:


Via luno or which one coz luno has never Donethat to me

Thank you

Houston17:

9k

Been trading cryp for 3 years now and I’ve never heard of this... And myself and a few others on here have suggested using the bank transfer option but hey what do we know

TheZebra:

That's cool, but i don't have the available documents on ground now, can i transfer my coin to binance and sell it there?

Sure if you still have a withdrawal limit available on binance that won’t require the same extra verification

Kay005:
Alright thanks. After 2k dollars can it still accelerate??

If you leave it till this time next year, you’d be smiling over 5k

bradwilli:
200 n o high?? 300 to deposit

Not at all oh, paying 200 NGN is nothing compared to how much I pay when I’m passing toll gate... Boss only if you knew how much Lino has made from me...

They send me gifts yearly

tolulope2021:


Please,how do I know about this day trading...o have been holding my altcoins....but I want to know more about day trading......link me up please

What exchange platform are your coins on?

tolulope2021:


Please,how do I know about this day trading...o have been holding my altcoins....but I want to know more about day trading......link me up please

It’s a lot like gambling but it’s relatively easy once you get a hold of it and you need a heart of stone...

If you want to learn I would suggest you run your own practicals using real money not those demo accts.

Practical example here: try using a high risk coin like rip, you can also try this for the next 24 hrs and let me know ur results...

I bought 100k @ 138 = 724 rip by 2am today
I sold at 147 when I woke up for 106k by 7am

Bought back in by 9am when it dropped to 144 for my 106k at 739 rip
Sold few mins ago at 145.7 cuz the market has been boring for over an hour for almost 108k.

Same for Lite, bought 100k at 73.2k by midnight, for 1.366 & sold at 76,400 by past 3am for 104k
Bought 104k at 75,500 by 4:30 for 1.3824 and sold a while back at 78,400 for 108k.

Pls note all figures above were actual trades i just used the 100k figures for reference... my trades were in more digits, but i figured it’d be easier to understand using 100k as a reference point

Both values in cryp and NGN increased by close to 8% and I’ve only done two roundhouse trades in 24hrs... I set targets of 2% profits and 1% losses for myself daily, most days in the past 4 months I’ve been able to do close to 5% daily, and on days where the jumps are major, it’s a party...

Pls note: rip is currently a risky coin & would serve best if you monitor closely, however it threads off the success of eith so watching eith will help guide thru rip. Rip just serves best if you’re a newbie trying to make some while learning... and it works like the stock market, less figures to confuse you, once you get a hold of this technique you’re ready to take on the big bee. You’d panic less when you’re losing money by the tens of thousands once you enter full DT with the big bee, cuz you would know how to bounce back.

Ebowo:


I woke up to the increase but u know na I was hoping I could sell higher ... Till it dropped again .lol...

LOOOL that’s the normal hunger for more, but the truth is, it’s usually best to cash in on the ATH when it hits, if the ATH is 680, I try to dispose at 678, and then sit it out for at least 12 hrs to observe how the swing moves, if it’s a constant up and down, I might decide to play with it a bit the next day at or even buy back in at maybe 660 and resell at 670 once or twice because that swing will happen today at least twice, i love my 1%s

I typically leave my money in NGN after that and initiate an entry at 3-6am again

Again these are methods that are working for me, doesn’t mean it would work for everyone else before Nairaland lions crucify me.

Sailor1:


Hehe.. I need more info on this.. can I send you a DM?

Sure boss

Kay005:
@FlyHeight, sailor and other bosses, I learnt that the last time eth reached 1,150 dollars / 1 eth was January 2018 and now presently it is approaching 1,500 dollars/ 1 eth. My question is what amount will eth hits the new all time high this time around?

I’m aiming for 2