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InvestmentRe: Crypto Currency Investors Thread by iLegendd(m): 6:21pm On Dec 21, 2024
Luckyss:
This buying high and selling low and jumping from one coin to another will only make you to lose more money
It's the price he's paying. Next cycle, he'll be a pro from the pains he felt.
European Football (EPL, UEFA, La Liga)Re: Aston Villa Vs Manchester City (2 - 1) On 21st December 2024 by iLegendd(m): 4:21pm On Dec 21, 2024
I have learned my lesson and that is, great men or teams do fall, so be humble. I know they'll rise, but damn, tarnishing your great reputation kind suck. If only God showed Pep all these losses, he would've resigned after his last victory when the ovation was loudest.
InvestmentRe: Crypto Currency Investors Thread by iLegendd(m): 4:11pm On Dec 21, 2024
Born2conquer:
Doge sold in loss, another Coin bought at 9mc.

Nb: i am no longer attached emotionally to any coin.
Na lie. Na statement you just make. cheesy You need to experience at least 1 full bullrun first before you can be able to keep your words. That's how emotions work in the game. Whatever beginners say or mistakes they made, they'll still make them again that same season. It's next season they'll reflect on their loses and make adjustments to their behavior and patience.
InvestmentRe: Crypto Currency Investors Thread by iLegendd(m):
What is holding the market? QE. When QE starts, what happens? The market will make a fake pump, then dumps HARD and poorly placed leverage positions will be liquidated so we can all start from scratch.

When we start from scratch what happens? By that time, most Americans will have money in their accounts to rush into crypto.

After the final dump and Americans/Europeans, Africans and Asians have arrived with bundles, what happens?

ETH and BNB will finally double bottom because of the crash. (See the oval below). And what does that mean? Alt season don start na him e mean.

XRP has already double bottomed and pumped. ICP has double bottomed, but the ICP community doesn't have money to pump it, so it's waiting for ETH to double bottom and lead the pump in 2025.

Look at ETH, we just need one final down candle and the longest it'll take is 1 month, but if we're unlucky, 2 months. Does it mean as we wait, ETH/USDT won't go up? It will, but don't trust it yet until ETH/BTC double bottoms.

InvestmentRe: Crypto Currency Investors Thread by iLegendd(m): 1:15pm On Dec 21, 2024
This metric is profound. It's total volume on all exchanges. If it doesn't go back above 100B, it's not good. So, for this bullrun, the minimum all exchanges should have is 100B.

You should use this metric to your advantage for entry and gauging the market sentiment. If it corrects to 75 or 50 billion, you buy.

https://www.theblock.co/data/crypto-markets/spot

InvestmentRe: Crypto Currency Investors Thread by iLegendd(m): 12:45pm On Dec 21, 2024
lrman:
Don't fall for it , that guy is not leaving this thread , it is that particular moniker that will stop posting.. he will use his alt monikers to continue where he stopped on this thread
It seems you're in my head. cheesy I wanted to modify my post just now and add, "As long as you don't re-emerge with a new moniker, God will continue to bless you, but even if you re-brand, do it with a new behaviour that focuses more on giving than taking," but you took the words out of my mouth. Haha.
InvestmentRe: Crypto Currency Investors Thread by iLegendd(m):
godlyguy:
What should I do in the RELAX year?
This kind of question is the main reason I should take writing this book seriously.

There is something called the 4 year cycle. That is how BTC price fluctuations move. Some people start their first year with Buy Year (they call it different names), but to keep things logical, I call it the way I do. Relax, Sell, Buy, Buy-more or Re-Se-Bu-Bu.

Relax year already assumes you've bought in previous cycle's Buy year or buy more year, hence it's time to relax and enjoy the ride as late comers pump the price and you sell the following year, called sell year.

Edited:

Does buying stop on buy or buy more year? Yes, for BTC and top 20, it stops there unless something called a black swan happens and the price goes lower than those two years as it did or almost did in March 2020 COVID crash.

For the rest of the coins, buying is best in either 4th quarter of Relax year or 1st quarter of Sell year, then you sell 6-10 months later.

Even though buying BTC and top 20 stops in Buy/Buy-more year, you can still trade them any day, any time, but buying to hold them had already stopped till another bear market.
InvestmentRe: Crypto Currency Investors Thread by iLegendd(m): 11:37am On Dec 21, 2024
Alexas58:
Make una no worry!

I’m Leaving the thread for you people, so that y’all can have peace grin

I won’t write again on here
That'll be great. Whenever we're bored, we'll call you back for entertainment purposes. God bless you for your time here.

Chai, this comment wey I make go just make this guy change him mind. I too like trouble. cheesy
InvestmentRe: Crypto Currency Investors Thread by iLegendd(m): 11:33am On Dec 21, 2024
godlyguy:
So this year is buy year?
No, Relax Year. Let me overdose you, but please, the price in the overdose is not a prediction, but random numbers. Check the date on the last image.

BTC CYCLE FROM 2012 TO THE LAST IN 2140

1. 2012 - 2015 Cycle (2012 = Relax. 2013 = Sell. 2014 = Buy. 2015 = Buy more if necessary crash)
Price: $119

2. 2016 - 2019 Cycle (2016 = Relax. 2017 = Sell. 2018 = Buy. 2019 = Buy more if necessary crash)
Price: $19k

3. 2020 - 2023 Cycle (2020 = Relax. 2021 = Sell. 2022 = Buy. 2023 = Buy more if necessary crash)
Price: $69k

4. 2024 - 2027 Cycle (2024 = Relax. 2025 = Sell. 2026 = Buy. 2027 = Buy more if necessary crash)
Price: $89k

5. 2028 - 2031 Cycle (2028 = Relax. 2029 = Sell. 2030 = Buy. 2031 = Buy more if necessary crash)
Price: $99k

6. 2032 - 2035 Cycle
- 2032 = Relax
- 2033 = Sell
- 2034 = Buy
- 2035 = Buy more if necessary crash
Price: $100k

7. 2036 - 2039 Cycle
- 2036 = Relax
- 2037 = Sell
- 2038 = Buy
- 2039 = Buy more if necessary crash
Price: $130k

8. 2040 - 2043 Cycle
- 2040 = Relax
- 2041 = Sell
- 2042 = Buy
- 2043 = Buy more if necessary crash
Price: $150k

9. 2044 - 2047 Cycle
- 2044 = Relax
- 2045 = Sell
- 2046 = Buy
- 2047 = Buy more if necessary crash
Price: $200k

10. 2048 - 2051 Cycle
- 2048 = Relax
- 2049 = Sell
- 2050 = Buy
- 2051 = Buy more if necessary crash
Price: $230k

11. 2052 - 2055 Cycle
- 2052 = Relax
- 2053 = Sell
- 2054 = Buy
- 2055 = Buy more if necessary crash
Price: $250k

12. 2056 - 2059 Cycle
- 2056 = Relax
- 2057 = Sell
- 2058 = Buy
- 2059 = Buy more if necessary crash
Price: $300k

13. 2060 - 2063 Cycle
- 2060 = Relax
- 2061 = Sell
- 2062 = Buy
- 2063 = Buy more if necessary crash
Price: $330k

14. 2064 - 2067 Cycle
- 2064 = Relax
- 2065 = Sell
- 2066 = Buy
- 2067 = Buy more if necessary crash
Price: $350k

15. 2068 - 2071 Cycle
- 2068 = Relax
- 2069 = Sell
- 2070 = Buy
- 2071 = Buy more if necessary crash
Price: $400k

16. 2072 - 2075 Cycle
- 2072 = Relax
- 2073 = Sell
- 2074 = Buy
- 2075 = Buy more if necessary crash
Price: $430k

17. 2076 - 2079 Cycle
- 2076 = Relax
- 2077 = Sell
- 2078 = Buy
- 2079 = Buy more if necessary crash
Price: $450k

18. 2080 - 2083 Cycle
- 2080 = Relax
- 2081 = Sell
- 2082 = Buy
- 2083 = Buy more if necessary crash
Price: $500k

19. 2084 - 2087 Cycle
- 2084 = Relax
- 2085 = Sell
- 2086 = Buy
- 2087 = Buy more if necessary crash
Price: $530k

20. 2088 - 2091 Cycle
- 2088 = Relax
- 2089 = Sell
- 2090 = Buy
- 2091 = Buy more if necessary crash
Price: $550k

21. 2092 - 2095 Cycle
- 2092 = Relax
- 2093 = Sell
- 2094 = Buy
- 2095 = Buy more if necessary crash
Price: $600k

22. 2096 - 2099 Cycle
- 2096 = Relax
- 2097 = Sell
- 2098 = Buy
- 2099 = Buy more if necessary crash
Price: $630k

23. 2100 - 2103 Cycle
- 2100 = Relax
- 2101 = Sell
- 2102 = Buy
- 2103 = Buy more if necessary crash
Price: $650k

24. 2104 - 2107 Cycle
- 2104 = Relax
- 2105 = Sell
- 2106 = Buy
- 2107 = Buy more if necessary crash
Price: $700k

25. 2108 - 2111 Cycle
- 2108 = Relax
- 2109 = Sell
- 2110 = Buy
- 2111 = Buy more if necessary crash
Price: $730k

26. 2112 - 2115 Cycle
- 2112 = Relax
- 2113 = Sell
- 2114 = Buy
- 2115 = Buy more if necessary crash
Price: $750k

27. 2116 - 2119 Cycle
- 2116 = Relax
- 2117 = Sell
- 2118 = Buy
- 2119 = Buy more if necessary crash
Price: $800k

28. 2120 - 2123 Cycle
- 2120 = Relax
- 2121 = Sell
- 2122 = Buy
- 2123 = Buy more if necessary crash
Price: $830k

29. 2124 - 2127 Cycle
- 2124 = Relax
- 2125 = Sell
- 2126 = Buy
- 2127 = Buy more if necessary crash
Price: $850k

30. 2128 - 2131 Cycle
- 2128 = Relax
- 2129 = Sell
- 2130 = Buy
- 2131 = Buy more if necessary crash
Price: $900k

31. 2132 - 2135 Cycle
- 2132 = Relax
- 2133 = Sell
- 2134 = Buy
- 2135 = Buy more if necessary crash
Price: $930k

32. 2136 - 2139 Cycle
- 2136 = Relax
- 2137 = Sell
- 2138 = Buy
- 2139 = Buy more if necessary crash
Price: $950k

33. 2140 - 2143 Cycle
- 2140 = Relax
- 2141 = Sell
- 2142 = Buy
- 2143 = Buy more if necessary crash
Price: $1M

Tip: If the last digit or the last two digits of the year is divisible by 2, it's either a Relax or Buy Year. If it's not divisible by 2, it's either a Sell or Buy more year.

Example: 2024, the last digit is 4 and the last two is 24. Are they divisible by 2? Yes. So it's either. Relax or Buy year. But you need to crosscheck to find the one it truly is out of the two candidates.

InvestmentRe: Crypto Currency Investors Thread by iLegendd(m): 10:25am On Dec 21, 2024
seanwilliam:
I think buying during the bear market will give you more profit than bull self..
In bull , u go dey pray for x5 at most just to be conservative grin
Take for example ,
During the bear season , sol dip to 8$, if you look at it well , all u need is to buy it that time and ride it to 80$ for x10.. and sol @ 80$ was still considered a bear 🐻 market..80$ is still very far from its ATH o..


As it is now, na to Re-strategize ahead of 2026… chances of not making it is high if it’s your first bull run. Walai, na shege and lesson u go use your first bull run learn .. grin
Sol is in top 20, so yes. Same thing we've been preaching.
InvestmentRe: Crypto Currency Investors Thread by iLegendd(m): 9:38am On Dec 21, 2024
Alexa54, as a TA guru, this is what I want you to do. I took this trade even though I don't consider myself a trader. This is just to show you an example of what you're supposed to be teaching us.

Teach the people how to master candlesticks, chart pattern, support and resistance (stage 1).

Teach it to us in a way even a 6 year old will understand and will condemn every videos they've ever watched on YouTube about the topic and praise only yours.

In the chart below, on 4 hour TF, why did I take this trade?

1. It was at a support after a strong downtrend
2. (#1) An indecision spinning top appeared to signal the downtrend is getting weak, but you have to wait for confirmation.
3. 8 hours later and sadly, (#2) a long bearish opening Marubozu candle appeared and it dumped further. That means the elders decided it'll be a dump.
4. Luckily, a long bullish candle countered it. Number 2 and 3 candle combined is called piercing pattern and it's bullish in nature.
5. Indecision doji appeared in number 4, so you want to wait.
6. Finally, the oga appeared, a hammer, which is a bullish candle when it appears after an exhaustive downtrend in a support and it signals 2nd buy. The first buy signal is the piercing pattern.

This and more, in multiple TF is what we expect from you as a TA guru, but no, you're focused on 20 billion Dollar group.

You also talk about how volume affects the moves and how to manage risks + everything about TA while hiding 1% for yourself.

We are all waiting for this kind of lectures from you, thank you, Sir.

Everytime you keep telling people to post their TA. We don't know. We no sabi book. Teach us and be detailed while making it easy to assimilate. With this, your paid group go full.

Zoom the last image to see the details there.

InvestmentRe: Crypto Currency Investors Thread by iLegendd(m): 8:25am On Dec 21, 2024
OgogoroFreak:
He's deflover. Very stubborn, relentless and consistent in his scamming game. Words don't break him. He'll continue with this doggedness untill someone sends him money then he will disappear and reappear with a fresh username.
I'm really jealous of a scammer's determination.
InvestmentRe: Crypto Currency Investors Thread by iLegendd(m):
Alexas58:
Why shame go catch me?

Market direction is $20 per month!

Cc atom080

I don post am again
If your parents are still alive, they are strong and I respect them for that. It's not easy. If they're dead, thank you for killing them. They'll be so glad they ran away from the problem they created. I'd do the same if my child combines
1. Stubbornness,
2. Shamelessness,
3. Pride,
4. Noisemaking and
5. Scammy/dishonest behaviour together

Every great man exhibits only 1 or 2 on the list, not all of them at once. It's only Bobrisky, Uche Maduagwu and a few other wayward kids that have all and no sensible person takes them seriously even when they occasionally make sense. Rebrand yourself.

This is how to do it: Deliver a TA lecture this year and next year. Give away 99% of your TA secrets and keep 1% for yourself. The moment we begin to smile and say, "Wow! His TA is unique and it works," we'll be the one begging to join your group. Since you've used controversy to make a name for yourself, you'll now become the most famous person in the group.

Controversy without a selling product that people love is noisemaking. I have used this strategy before in my relationship book era and made a lot of money. Why? I first laid a solid foundation of giving more than I demand. Not just giving, but teaching how to fish.

I love when people are independent without always reaching out to me saying, "Should I do it this way or that way." This is why you should teach them how to fish. Some mentors always want to take all the glories, they don't want you to stand on your own. Nigerian politicians are like that too.

I feel you're still developing despite how many years you may have been in the game. Rema that started yesterday is globally more popular and richer than so-so and so that even inherited music. Rema gave 100 million to Church, this and that millions to a lot of people, yet he's a new cat. But a supposed OG wants to milk ONLY! Think about it.

OG without much monetary or intellectual values to the community is ODE and the people are smart enough to see it.

Pride will make a man who's wrong act unbothered and continue the same shenanigans to make people feel he doesn't care, but deep down, he does.

We all have it —just that some of us don't like to be told what to do, but luckily, we find a way to amend for a better tomorrow.
InvestmentRe: Crypto Currency Investors Thread by iLegendd(m):
EmeraldHash has given me a little push to craft titles and set the table of contents. Have I done it before? I can't recall.

I didn't want to do it, but remembered an Andrew Tate's video I stumbled on and he said, "Success is not by how you feel, but by doing what needs to be done regardless of your feelings. Any man that operates on feelings will always remain at the lower echelon of the pyramid of greatness." Omo, that quote has so much power if you understand it.

Book 1: Must-Know Basics and Foundations, Else You're DOOMED

Book 2: Fundamentals and Secrets. Don't Expose Them to Others—It's Your Dirty Little Secret.

Book 3: Technical Analysis Simplified Like You’re a Kid, Yet, You'll Master It Like a Pro

Book 4: Greatest Indicators Even Gurus Don’t Know That'll Make You Scream DAMN! How Is This FREE?

Book 5: The Psychology of the Game and How Not to Lose It All Like a Gambler
InvestmentRe: Crypto Currency Investors Thread by iLegendd(m):
EmeraldHash:
This is the best read I have ever read in crypto.

Please write a book on crypto

I'm a newbie, as a matter of facts an airdrop hunter, na notcoin make me enter crypto, since April of this year and I want to stay.

I went online few weeks ago, if I can get a book on crypto to read as I need to learn alot of things, I couldn't find none

I understand some of the things you explain about time in crypto and this research analysis you just made about BTC season and ALT season, they are so profound.

Lastly I will be grateful, you can take your time to advise me as a 28 years old Nigerian graduate that just finish Nysc.

I desire to make money in dollars

My strategy before now, is to hunt airdrops, make money from it, then pay and learn cybersecurity, the look for foreign client to work for. This is my goal for next year

Please advice from your knowledge, wisdom and experience.

Thank you
I don’t really advise people much nowadays because everyone already has their own plans. Whatever you do, make sure it generates money while you maintain good health. A degree is for pride, but the real world is a stride, and the most resilient wins.

I have never used any of my degrees or certifications for work. At one point, we wrote a CCNA exam—one of the top 10 toughest cybersecurity exams in the world. Out of everyone who participated, including people from different countries and seven Nigerians, I was the only one who passed.

I still have the certificate in my room. What did I do with it? Nothing. It’s just for pride. Those Asians, Black men, and White men who failed—are they failures today? No.

I achieved more from the experiences I gained socializing and clubbing. I partied more than anyone else. They never saw me studying, but I read when no one was watching.

What I’m trying to say is this: Whatever paper you’re chasing, put in your best effort without depriving yourself of a social life. But always remind yourself that the paper is for p.ride, while the real world is a st.ride. Success in the real world requires relentless effort and an atom of passion because, when the journey gets tough, no one is coming to save you but your passion or aim.

And how do you strive and attain success faster? By solving people’s problems without being desperate for financial gains. HUGE SECRET.

When I see people acting desperate for money, I just laugh. They don't understand success. They don't understand the power of giving more than you take. When the online or offline community you helped cook for you, you can't finish the food.

Put them in a position where they are the ones eagerly begging you to take their money in exchange for what you know or the skills you offer. Do other people offer this skill? Yes, but why you? There is a connection and addiction towards you because you've given so much for free already.

If your skill is digital, that’s great. If it isn’t, that’s still fine. Digital skills just provide more freedom.

There comes a time when you have to monetize what you offer. When the financial gains start coming, invest in GLE-BOSS. What does that mean? Gold, Land, Ethereum, BTC, Oil, Solana, and the S&P500. All of these are digital assets except land. Sure, invest in your health, adventures and brand new skills.

I have a lot to say from experience, but let’s cut the epistle short.

I’ve realized that many people want to start crypto, but the information out there is overwhelmingly draining, boring and disorganized. They don't even spice it up with some related stories or humor, be it edgy or clean to make it memorable.

I went through that information paralysis stage until I figured it out and realized it’s all by design. The gurus make the industry seem complicated so you’ll pay for mentorship.

I don’t blame them—man must wak. YouTube is full of them.

If I were to write crypto books (Book 1: Must-Know Basics and Foundations; Book 2: Fundamentals and Secrets; Book 3: Technical Analysis Simplified Like You’re a Kid; Book 4: Greatest Indicators Even Gurus Don’t Know), readers would voluntarily come back to pay again as a way of thanking me for simplifying the subject.

Yes, I’d make it simple yet comprehensive and detailed, leaving no stone unturned. But the real problem in this industry is PATIENCE AND EMOTIONAL CONTROL. These are not simple concepts—they involve a certain spirit called "greed." Even successful people still harbor traces of it. Perhaps Book 5 would cover the Psychology of the Game and How Not to Lose It All.

Are you hunting airdrops? Not bad. Whatever you do legally to raise money is acceptable.

“This is the best read I have ever read in crypto.” Are you sure? I doubt it. The best hasn’t been posted yet because certain keywords trigger Nairaland’s spambot, and they get taken down.

As for the books, I’ll consider them in due time, but the zest isn’t there yet.

I wish you the best in your endeavors. And remember: Degrees are for p.ride, but the street is a st.ride.

Oh, I said I'll stop typing but my fingers keep pushing me to do more. I'm like Speed Darlington, Akpi. Na rap lines just full my head from this prison yard wey I dey.

InvestmentRe: Crypto Currency Investors Thread by iLegendd(m):
Yes, I know it can be painful when people are losing money and someone is busy posting long epistles.

If you want me to stop, click share. If you don't mind, click like.

InvestmentRe: Crypto Currency Investors Thread by iLegendd(m):
I asked GPT two crucial questions.

List the months major correction happened in 2012, 2016, 2020 and 2024 and their percentages as long as they're at least 9%.

These years are called Relax Year.

Here’s a list of major corrections (≥9%) in the cryptocurrency market for 2012, 2016, 2020, and 2024, including the months and approximate percentage drops:

2012: Major Corrections

1. August 2012: 
   Event: Bitcoin Savings and Trust Ponzi scheme collapse. 
   Drop: -35% 
   Details: BTC fell from around $15 to $9.75 as trust in the ecosystem was shaken. 

2. November 2012: 
   Event: Pre-halving selloff due to miner uncertainty. 
   Drop: -10% 
   Details: BTC dropped from $13 to around $11.75, but the market quickly recovered after the halving. 

2016: Major Corrections

1. January 2016: 
   Event: Market correction after 2015’s late rally. 
   Drop: -20% 
   Details: BTC dropped from $430 to $350 within a month. 

2. August 2016: 
   Event: Bitfinex hack. 
   Drop: -28% 
   Details: BTC plunged from $650 to $470 in a matter of days. 

3. October 2016: 
   Event: Pre-election volatility in global markets. 
   Drop: -10% 
   Details: BTC dipped briefly from $630 to $570 before resuming its upward trend. 

2020: Major Corrections

1. February–March 2020: 
   Event: COVID-19 global market crash. 
   Drop: -56% 
   Details: BTC dropped from $10,500 in mid-February to a low of $4,000 by mid-March. 

2. September 2020: 
   Event: DeFi bubble correction and regulatory fears. 
   Drop: -18% 
   Details: BTC fell from $12,000 to $9,800. 

3. November 2020: 
   Event: Pre-election jitters and profit-taking. 
   Drop: -10% 
   Details: BTC briefly corrected from $16,500 to $14,800. 

2024: Major Corrections (So Far)

March-August dump 2024: 
   Event: Overbought and 6 months consolidation.
   Drop: ≈ 35%
   Details: $26k off 74k ($48k)


Question 2:[b]

[b]What about 2013, 2017, and 2021?


These years are called Sell Year. From the answer here, we'll deduce how 2025, another sell year, will pan out.

Here’s a breakdown of major corrections (≥9%) in the cryptocurrency market during 2013, 2017, and 2021, focusing on months and approximate percentage drops:

2013: Major Corrections

1. April 2013: 
   Event: Bitcoin flash crash after a sharp rally. 
   Drop: -83% intraday, -50% sustained 
   Details: Bitcoin reached a peak of $266 but crashed to $54 within hours due to panic selling and overloaded exchanges. 

2. June 2013: 
   Event: Market correction post-recovery from April crash. 
   Drop: -30% 
   Details: BTC fell from $140 to around $100. 

3. December 2013: 
   Event: China banned financial institutions from handling Bitcoin transactions. 
   Drop: -50% 
   Details: Bitcoin fell from its all-time high of $1,200 to around $600. 

2017: Major Corrections

1. June 2017: 
   Event: ICO bubble concerns and profit-taking. 
   Drop: -37% 
   Details: BTC fell from $3,000 to $1,900 before rebounding. 

2. September 2017: 
   Event: China’s ICO ban and exchange crackdown. 
   Drop: -40% 
   Details: Bitcoin dropped from $5,000 to $3,000 before resuming its bull run. 

3. December 2017: 
   Event: Bitcoin’s first significant bull market top. 
   Drop: -45% by end of the month 
   Details: BTC fell from its peak of nearly $20,000 to around $11,000. 

2021: Major Corrections

1. May 2021: 
   Event: China’s crackdown on mining and Elon Musk’s comments on Bitcoin’s environmental impact. 
   Drop: -50% 
   Details: Bitcoin dropped from $60,000 to $30,000. 

2. September 2021: 
   Event: Chinese ban on cryptocurrency transactions. 
   Drop: -23% 
   Details: Bitcoin fell from $52,000 to $40,000. 

3. November 2021: 
   Event: Start of the bear market after the bull market peak. 
   Drop: -17% by month-end 
   Details: BTC dropped from $69,000 to $57,000, marking the beginning of a prolonged downtrend.


The lesson I found is, in relax year, in August or JAS months (July, August or September) or any sad month, expect at least 28-30% correction.

In sell year, expect 30-50% correction. This is to say, divide the top price of BTC by 2 and expect the answer to be the worst scenario.

That'll be 108/2 = 54k. That is the worst case scenario. (anything lower is black swan)

What of second worst case? It's 40% and it's 64,800.

What of the third worse case scenario? It's 30% off 108k and that is $75,600.

What of best case scenario correction? It's 20% of $86,400.

There you have it, 2025's scenarios.

The worst case $54k
The second worst $64.8k
The third worst $75.6k
The best case scenario $86.4k

Pray for the best, prepare for the worst and purchase the best vetted coins at the right time and at the right season.

A good strategy and knowing the season we're in, the catalysts that trigger pumps or corrections and time of the market will keep you safe. Sometimes, people that play it safe, but don't factor in the worst case scenarios do get hurt too.
InvestmentRe: Crypto Currency Investors Thread by iLegendd(m): 12:55pm On Dec 20, 2024
oliverethan:
That's an interesting strategy! By focusing on BTC pairs, you're truly tapping into the relative strength of altcoins compared to Bitcoin, which is often overlooked by many cryptocurrency traders. Identifying double bottom patterns is a smart approach, as it indicates a potential reversal in the cryptocurrency's price trend. I agree that combining this with strong fundamentals, a solid community, and upcoming developments can significantly increase the chances of a profitable trade. The DCA strategy also helps minimize risks, especially in such a volatile cryptocurrency market. Thanks for sharing this insight; it's definitely a useful tip for anyone looking to get ahead in crypto trading!
Tested, approved and trusted.
InvestmentRe: Crypto Currency Investors Thread by iLegendd(m): 12:19pm On Dec 20, 2024
Did you remember this post I made on the 14th of August about time? It's still valid. Read it again. What did I say about when gurus argue?

iLegendd:
TIME

Time is a mirage. Time is a perspective. If you master it, you've mastered patience.

And since it has made you master patience, add a purpose, and you'll realize you've mastered success with strategy.

The 4-year Re-Sell-Bu-Bu system I'm proposing for everyone to use might seem long to some people, but remember, time is a perspective—and I have experienced both sides.

If there is a wedding you really MUST attend, but you don't have money or clothes to wear, and fortunately, someone owes you 2 million...

When you go asking for the money, and the person says, "Give me 1 year, things are so hard for me," do you know that this one year will feel like a decade (10 years)?

Now, imagine you're living in a place where you owe the landlord one year’s rent of 1 million, and your salary is 100k. You have 12 months to pay up or get sent out, and your only income is 100k. Your feeding, transport, family expenses, etc., are all there. You don't even know when you might get sacked.

You can't even save 20k per month from the money. How will that one-year interval run in your mind? Slow or fast?

Gather here with your glass of juice; let's laugh together. Hahahahaha. You get my point. It will run like Usain Bolt. Thirty days per month will feel like three days.

Four years will feel so long for Chidinma in jail, but so fast for her sister, who is 29 years old and looking for a husband. That is perspective.

The level of money and freedom you have alters your calendar of life (time). All of us use the same calendar and clock, but our brains use a different one called a "perspective calendar." Its speed is dependent on our current predicament.

A man who has closed all his trades and is waiting for BTC to drop to 38k to buy, a man who bought at 15k, or a man whose liquidation point is at 38k operates on a different time, frequency, and emotion.

If BTC keeps going up, up, and up, the 38k waiter begins to panic, and every hour matters to him. But if it keeps going down, down, and down, the 38k liquidation trader begins to panic—unless it's his strategy, and he has more money to buy at 38k. These people are operating on different calendars.

Even the 15k buyer might say, "Damn! Why? I should've taken profit when USDT dominance bottomed on the monthly trendline when BTC was at 73.7k. I saw it, but I didn't take profit."

The worst part is if you're a woman and you're 29 and unmarried. Four years will feel like four months. Time will start moving so fast, and before you know it, you're 30 years old. One month later, you're 31. Two months later, you're 32.

It even gets worse if your family, who can't help financially because they don't have the means, is putting pressure on you.

For a man, if you're poor at 39, even after earning all the degrees, you'll feel the same. Time will move so fast that in two seconds, you're already 45 years old and still poor.

So, use this 4-year system, and don't worry about the market—study the market. Just save some USDT and put it in "earn." Every month, it generates profit until that "buy" day arrives and rests on your shoulder on a platter.

That day when gurus are fighting each other on social media about who was right—that day when the person who was right screams, "I told you all, but you didn't listen." That day is always a special buying or selling day, depending on the market's direction and stage.

If your BTC plan isn't a 4-year plan, you're desperate. All of us are, but let's learn to control it, and we'll rejoice in the end.

Being convinced to go into crypto should serve as a blessing to you. It's not easy convincing those who have lost money in MMM or on social media scams to join this industry.

You, who got convinced either by yourself or someone else, count yourself lucky. And as a lucky man or woman, use your lucky charm—perspective, patience, and strategy—to your advantage.

Too many people are depressed today because of a lack of patience, while the rest are depressed because of too much patience that wasn't strategically monitored or managed.

Inasmuch as patience is good, too much patience that isn't scrutinized is bad.

Even if you forget everything I said, don't forget this one:

"Time is a perspective. Its speed is based on your current situation and condition in life."
That day when gurus are fighting each other on social media about who was right—that day when the person who was right screams, "I told you all, but you didn't listen." That day is always a special buying or selling day, depending on the market's direction and stage.

InvestmentRe: Crypto Currency Investors Thread by iLegendd(m):
kalu61:
On your number 2, why BTC pair because l never thought of this. I always use usdt pair due to the simplicity of knowing the coin price than BTC that you will have to crack your head.
I just checked BTC pair on ICP vs USDT to discover difference in YTD. WHY IS THAT?
BTC is the boss and every other coin, including ETH is just for fun and promises. Peller is a young Nigerian who mixes English the way he likes, yet he makes more money than most graduates who speak Queen's English.

This is to say, alts are not totally bad because they'll surely make you more money during altseason, but in BTC season, they'll struggle and whenever they pump, take profit else you'll lose them and even some of your capital.

Now, here is the thing. During BTC season, which we're still in, most old alts with no updates or upgrade going on for them will bleed against BTC. The new ones might pump. It's normal youthful exuberance.

In crypto, we have different pairs like
CoinName/USDT
CoinName/BNB
CoinName/USDC
CoinName/BTC
CoinName/DifferentCountriesCurrencies

During BTC season, always assess the performance of your coin ONLY based on YourCoin/BTC.

When you check the chart and the candle is going down, it means your coin is underperforming against BTC, so it would be better to abandon your coin and buy BTC. But if it's going up, BTC is underperforming compared to your coin.

Maybe "our" money is small that's why we bought alt. But, you bought it at the wrong time, during BTC season, where BTC outperforms most coins.

Since you don't want to buy BTC during BTC season because it's smelling, at least buy only top 20 alts. If those ones are smelling too, then keep your money in USDT until the American government starts Quantitative Easing, QE, then, you buy any alt of your choice. (This QE happens at the end of relax year or beginning of sell year). Currently, they're doing QT, quantitative tightening.

I might have confused you, if you're a beginner, so let me try again. Your question is:

"Why BTC pair? Because l never thought of this. I always use usdt pair due to the simplicity of knowing the coin price than BTC that you will have to crack your head..

Because of the season. We have Bull and Bear season. Inside Bull season, we have two seasons called BTC season and Altseason. Inside BTC season, we have bloody months and green months. You need to know them so you can be prepared.

When you're in BTC season, you monitor alts, not buy, until they double bottom against their BTC pair.

They don't double bottom at once and some of them don't even double bottom at all, hence you have to monitor them to see when they've bled way too much against their BTC pair so you can start DCA'ing. I wish there is an app that sends double bottom alerts. I'll do some research on it.

Saying you shouldn't buy alts at this time is not totally true. You can buy (gamble), but just know you're buying at the wrong time as long as it's not BTC or top 20 or a few (1-5) of the newly listed big boy alts.

Any other thing in this BTC season is gambling with your money and if you're old in the game, you can navigate around it and that's why taking profit whenever you see gains is important in any alt you bought out of emotions (in BTC season) that is not in top 20 or newly listed top 5 big boys.

So, you monitor their BTC pairs, using the 1 month timeframe until they double bottom against BTC, then you buy the USDT pair of that coin or you wait till altseason starts, which will only happen when QE starts. Sadly, QE will start in January or February 2025.

So, most profits alts made in this BTC season will be wiped off by at least 80% whenever BTC bleeds off 30-50%.

Are you still confused? Wetin I mean be say, for BTC season, only buy BTC or top 20 alts or top 5 newly listed big boy coins with perfect tokenomics.

For the rest, wait until there is double bottom on their BTC pair before you buy or just kukuma wait until QE begins before you buy them.

QE begins = The American government is printing money and Americans now have access to lots of money to shalaye and invest in whatever they want and most of them run into crypto and stocks.

This printing of money helps increase global liquidity and reduces the value of the American Dollar. Too much circulating = less valuable, hence, Americans rush into crypto to protect the value of their devalued money.

As a wise Nigerian, the moment you knew Emiefelẹ̀ was about to print lost of money, the first thing will be to convert all your money to Dollar and immediately to Crypto. Since the American denomination is already Dollar, they don't need conversion, but straight to crypto and what do they mostly buy? Meme coins, especially Doge and the rest.

Question 2: I just checked BTC pair on ICP vs USDT to discover difference in YTD. WHY IS THAT?

Tell us what you found.


If the answer to your question 1 is not clear, let me know.

If it's your first year, see your loses as initiation fee. Some of us paid millions + tears to join this cult group. If you haven't cried, you aren't a full member yet.

Anyway, you haven't really lost except you give up totally on the industry. These loses is the only thing that'll make you say, "Enough is enough, I must learn and master how this system works and I'll tell my story one day to inspire others."
InvestmentRe: Crypto Currency Investors Thread by iLegendd(m):
iLegendd:
You can never achieve something if you don't sacrifice something.

You have 1 million Dollar and you want BTC to come down to 48k so you can buy. Why not you sacrifice 50k - $100k? to make it happen? How?

Enter a high leverage long trade where your liquidation will be 46k-47k, but no stop loss, then set spot buy order around 48k. If it comes down to liquidate you, it'll benefit you. If it refuses, you're still a winner.

You sacrificed 50-100k. Sadly, most people don't ever want to sacrifice anything in life, but they want to win.
Even some celebrities you see today sacrificed their souls to be where they are, but ordinary money, you can't sacrifice, yet you're jealous of the riches of some rich men and want the same for yourself.

When you hear a kid used $27 to make 15 million Dollar, you begin to scream, "God when?" What if he spent $27 each in 27,000 different meme coins ($729,000).

Then left it because to him, 729k is nothing and it's the sacrifice, the price he has to pay.

Luckily, 1 or 7 of them clicked. Even before he bought these meme coins, he did proper research or paid someone to learn how to research memes like a pro to avoid ruggpulls.

This doesn't mean you won't be rugged, but at least, he knows the narratives he's going for.

I heard Mrbeast does this thing too. His team will put $100 in thousands of potentially great memes and forget about them because this 1 million Dollar budget he has for this sacrifice is nothing to him. You think all his money is from YouTube and ads?

So, you must sacrifice something to make it. It could be

1. Your conscience (soul)
2. Your dignity (they'll call you irresponsible, but you'll be making money)
3. Your time
4. Your health
5. Your religious belief
6. Your money and even
7. Your purity or
8. Your sanity (peace of mind)

Then after you've made it, it's now time to diversify and reduce or eliminate stress and dangerous risks.

People only hear about the victories/successes, not the pains and sacrifices.

InvestmentRe: Crypto Currency Investors Thread by iLegendd(m):
iLegendd:
When the market crashes or corrects, what do you do? Most of you panic just as I used to some years ago, but now it's different.

For me, I do this

1. I ask myself if BTC dropped at least -10% and if yes, did alts bleed 30-50%? And if yes, good.

2. I ask myself which season are we and what stage of the season? Relax year and BTC dominance season. Good.

3. Is the US Fed doing quantitative tightening, QT or quantitative easing, QE? Still QT? That's bad for most alts, but 50/50 for BTC.

4. After this, I'll check losers section of top 3 exchanges or sometimes, CoinMarketCap / Coingecko to see if the big boys are bleeding, the top 20-30. What about the gbasa queens? The newly launched bad tokenomics coins that were pumping as if they'll never dump. Did they finally dump? Yes, a lot! In summary, it feels like it's extended 5 green day stage 2 or 3 or worse, no green day (the bloodiest day). Great! So, which narrative is pumping or which is primed to pump next after weeks or months of consolidation? Is it gaming, RWA, Defi, AI, meme, layer 1, etc. With this in mind...

5. Newly added: I check Cryptorank dot io or Dropstab or one new one I'm still testing and sort by ATL date to see great coins with momentum that made new lows and I also sort with % from ATL to see the popular ones that have lost so much percentages and are vulnerable. This is why I don't call myself a trader, but an opportunist.

6. Now I have gathered them at their vulnerable states, analysed their charts to find strong support and resistance, chart pattern, if it has good 24hrs volume and tokenomics. It takes less than 3 minutes for this analysis — thanks to the filter I used before sorting. If I like what I found, it's time to enter a long trade and put a spot buy order at the range where I'll be liquidated, which is waaaay down.

7. Time to read news and watch crypto, stocks, currency-related YouTube videos in my feed to see what gurus and the news outlets are saying about the crash or corrections, what caused it and their projection of what may happen next. While watching the videos, I'll fall asleep. Man shall not live by crypto alone.

8. After 5-8 hours, I'll wake, that is, if one of my alerts don't wake me earlier than that. Now, it's time to dig deeper and research further if the trades I entered will be worth it in the long run or are there better coins to buy? I'll do the research all over again and make some adjustments. I'll check all the coins I have arranged alphabetically + by tokenomics and put in watchlists to see if any of them is ready during this time of market consolidation.

9. If the market keeps going down despite the previous heavy crash, it's time to deploy more of my multiple soldiers, exchanges, to fight the battle for me. In the end, a prepared man will always win — success can only be delayed.

10. Finally, no, let me keep this one for another day.

What is your routine? Panic sell and wait to FOMO when the market is green? cheesy I know that's what most do.
I decided to talk about number 10, which is actually my number 1 or at least, number 2.

10. Finally, no, let me keep this one for another day.

Okay, let me expose it even though I have done it in the past. I know a lot of people have forgotten. It's supposed to be number 1, but I don't want lazy readers to see it.

Take a pen and write this down.

1. I enter Coinmarketcap app and click on top 100 or some times, top 200.
2. Then, I click on BTC pair, not USDT.
3. Now, I go through all the coins there using the 1 month timeframe looking for the ones that just recently double bottomed on their BTC pair. Forget about the chart or price of their USDT pair — it's irrelevant.
4. And the moment I see them, boom, I run instant routine check on the coin's health, momentum and if it has a big team or community/fanbase and if yes, buy immediately.

Currently, as I type this, I just spotted AR, ICP and a host of others that just double bottomed or "almost" on their BTC pair and I have bought some a few minutes ago at $17 for AR, $10 for ICP, etc.

Does this mean they won't go down further? Of course they "may" when BTC crashes more this month or first quarter of 2025.

But bottoming on the monthly timeframe on their BTC pair is a huge deal and a secret OGs hide from newbies. It's a money making secret. If you spot them and start DCA'ing into those coins, you're ahead of the game.

You're front-running everyone and if the coin has an update, upgrade or a big news coming up, it makes the pump that'll happen more parabolic.

This is like using the backdoor to catch top 100 coins that'll pump heavily when alts have a chance to breathe.

InvestmentRe: Crypto Currency Investors Thread by iLegendd(m): 9:29pm On Dec 19, 2024
Fastt:
.
Chillguy is chilling in the mud. grin
Goat is eating grass grin

The price is tempting but I'm waiting for swear in ceremony of president Elon musk before I decide. Right know, merry Xmas and happy new year everyone. See ya 2025
Pnut dey fry groundnut for village. Wif is wif his wife. cheesy cheesy This is the period I love to buy some as a form of temptation to draw the coin lower. But, seeing BTC at -10% or more in a day is my best entry days.
InvestmentRe: Crypto Currency Investors Thread by iLegendd(m): 9:25pm On Dec 19, 2024
harry2sexy:
How dip is too deephuh

$2, $3, $4, $8 them final $16.

We can only hope at this point
Did you enter your trades in one of those 5 green days? If your reply is no, that's where the problem is. No matter the height of woman, she must go on her knees when it's time for doggy. That's crypto for you.
InvestmentRe: Crypto Currency Investors Thread by iLegendd(m):
I remember 5 years ago when I was learning about candlestick and patterns. I watched almost all the videos on YouTube and yeah, I learned a lot, but they weren't well-organized, but still cool.

Two years later, messing around online, I saw a video by Sohiel PKO and watched the first one and immediately screamed, "This is how lectures are supposed to be organized if you want to lay a SOLID foundation for your students." I excitedly took out my pen and paper and relearned everything in a way I'll never forget.

This is why most times, I don't do TA. I look at the chart and different timeframes and the TA is done and dusted and I focus on momentum, news or whatever will bring liquidity to the market.

Those 6 short videos by PKO should be the FIRST candlestick videos anyone should EVER watch. Don't just watch, take notes and draw them back. After that, you dilute it with FxAlexG's own below and you're 100000% certified!

Then you follow FxLodestar Instagram page to see those simplified images.

I have just given you the Holy Grail of candlestick and pattern pro mastery. From zero to hero info. If it doesn't work, never trust anything I tell you. Whether you get coconut head or not, the info go just enter. That's how well-organized and simple it is.

[b]The Only 10 Candlestick and Pattern Videos You should watch and Thank Me Late[/b]r

0. FxLodestar on Instagram has all patterns with entry and stoploss added to the images and GIF.

1.
https://www.youtube.com/watch?v=tcq0Dqlne0Q?si=LRzabo274dFHVTf1

2.
https://www.youtube.com/watch?v=xoT_A9vePMg?si=QdrVn_pGf-gv3CPq

3.
https://www.youtube.com/watch?v=0ybJ5wXk63A?si=Ruqm685soGBGQkt7

4.
https://www.youtube.com/watch?v=Bnt7lhanYOs?si=MyRL286CHEG_6AD9

5.
https://www.youtube.com/watch?v=_-tVT-gREu4?si=nanHOUCvYHAwlOMS

6.
https://www.youtube.com/watch?v=cCZYFCe_Y2w?si=vM4eKnHYMTDVALNA

7. FxAlexG
https://www.youtube.com/watch?v=kLLMCoPb6h0?si=Cm5ThITF5kRfyYCw

Bonus:

8. Wystrade Patterns

https://www.youtube.com/watch?v=aRlWle9smww?si=EEryByzU8wetPNZK

9. Mind Math
https://www.youtube.com/watch?v=lEk4cSA7cqc?si=MJSqICfx4N1KK66i

10. Mind Math

https://www.youtube.com/watch?v=IfWYbmrQvHc?si=EYDMgTYSH-jK-lFE

InvestmentRe: Crypto Currency Investors Thread by iLegendd(m): 8:28pm On Dec 19, 2024
iLegendd:
The tall order wasn't ordering enough. From 108k down to 101k is a loss of 7k.

What if we lose another 7k? That would be 94k. What of another one and another one?

The market doesn't go down in a straight line — it messes around a lot.

There was a line I usually say, "In bullrun, the market goes down more than it goes up, but when it does go up, it's a 10-24% pump in a day or two. In a bear season, the market goes up more than it goes down, but when it does go down, it's an instant 10-24% dump in a day or two."
Done 1. Tested, approved and trusted. Trendline retested. Is that all? Not really, but...

InvestmentRe: Crypto Currency Investors Thread by iLegendd(m): 7:05pm On Dec 19, 2024
4% more and my daily dump is satisfied.

I just bought a little Pnut. Those coins that people are emotionally attached to and have herds mentality towards, will be good buys when the dump is over.

InvestmentRe: Crypto Currency Investors Thread by iLegendd(m): 7:02pm On Dec 19, 2024
tammyboy1:
to think I bought about 3000units of BGB at $0.05 in 2021, fast forward to 2024, $4.24 lol, nobody can really predict crypto, I doubted BNB same way you're doing now, I'm still regretting till tomorrow, would have been a multi millionaire now, I'm ready for any risk henceforth

As for Binance, they are not the ultimate, we still have Coinbase, etc, don't forget they listed WRX tho
No o, I'm not doubting BGB's capability. It's a coin I used to trade on Biget. For WRX, they'll soon delist it. You mean, you use Coinbase in Nigeria? I used to have an account there, but they started acting funny and refused to verify me, so I left.
InvestmentRe: Crypto Currency Investors Thread by iLegendd(m): 6:36pm On Dec 19, 2024
okrikaboi:
The last 48 hours have been painful sha 😂
Not from my end though. I guess that's why I'm typing too much.
InvestmentRe: Crypto Currency Investors Thread by iLegendd(m):
You can never achieve something if you don't sacrifice something.

You have 1 million Dollar and you want BTC to come down to 48k so you can buy. Why not you sacrifice 50k - $100k? to make it happen? How?

Enter a high leverage long trade where your liquidation will be 46k-47k, but no stop loss, then set spot buy order around 48k. If it comes down to liquidate you, it'll benefit you. If it refuses, you're still a winner.

You sacrificed 50-100k. Sadly, most people don't ever want to sacrifice anything in life, but they want to win.
InvestmentRe: Crypto Currency Investors Thread by iLegendd(m): 6:32pm On Dec 19, 2024
tammyboy1:
no I don't think so, Bitget has a major update coming up that's why it's pumping, Binance will list it much later
I watched that coin pump in 2023 when others were acting funny.

Every top 500 coins that pump up to 10% in 1 hour, I get a notification. When I got this one, I said, "Dem don start again." Though, their pumps is methodical, then a spike, but it seems they're going too parabolic this year, all thanks to the update you spoke about.

Binance listing? Hmmm. That greedy exchange? They hate listing coins of other exchanges.
InvestmentRe: Crypto Currency Investors Thread by iLegendd(m): 11:58am On Dec 19, 2024
Ojemedad:
DCA with BTC not with alts o
You're right. Though, alts will make some gains, but will lose them in Jan. or Feb. except QE starts, then we finally start the altseason.

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