₦airaland Forum

Bunsenbun:
Hic Et Nun.
People are buying NFts on tezos

Hmm... Needa study this NFT hype... It's really catching up

PSG....

Been watching this for a while... Love the hype around it... Believe it'd give me a 2x soon enough...

So far it seems to be holding the daily support after the first selloff... Not so interested here.... I'm looking for something lower.... Preferably between 26-31 with a 60 target

Maybe they even lose or draw today...mk the move complete

BTW, whats making xtz to pump?
It's been disappointing for months and all of a sudden goes on a sustained rally....

In the days, xtz and link na 5 nd 6

jedisco:
Hopefully, ICP breaks out soon... Been holding since 40ish... Targeting 100 on this...
A rally past 100 should bring 120-150 quite quickly

Still developing..... What I'm hoping to see on this is a rally to 80, retest of 70 and continuation upwards, might look to add something on a retest......

When I look at the daily chart on binaz (2nd), I get more excited....
Obviously 100 is the next target... Good chance it'd be eventually taken... After which 120-150 is game

Staking....

This is one aspect ofter overlooked... Thinking being that a 10% move is just another day in crypt0...

But then, most will end up holding coyns for long periods without earning on them....

This is the reward on staked assets in one of my crypt0 apps...good enough, its flexible... So I can unstake and sell my assets asap.
If you catch a proper market dip on alyts like we had the last few months, and plan to hold for a while, staking them can give good profits....

In the long run, if I'm lucky to accumulate good amounts of bitc0in, I'd just mainly stake tgem and let it be...

Also, sometimes, locked staking (which gives better retuns)is helpful when I don't want to tamper with some assets for a while... E.g when u snipe bitc0in during a selloff, I just sensibly staje it for 3 months fes..

Ibime:
Bookmarked. That DavinciJ15 video is legendary. Will watch the Benjamin Cowen one later.

It's truly one of those vids that'd never die....

I love Cowen for his unpopular view on the market

One part of investing in crypt0 is planning for the windfall lomg before it arrives....

Crypt0 as weve come to see can be volatile with high waves and huge tides....


Generally looking for ways to lock in profits when a huge upside move ensures would ensure one has the dry powder to buy when the dips come calling....

One way I do this is by cycling crypt0 profits into less volatile investments.... Most times, this is outside the crypt0 space... Could be certain investment accounts, TB's (in the past), some stocks e.t.c... Recently, I also stake stable coyns to let hige wins cool off

The summary of this is that one should always seek an edge in navigating the market... Not holding for eternity and hoping

Oyindamolah:
20% cooling off in USDT
Hold for 3-5yrs especially it it has a good use case
NFTs are very good to invest in.

Ok...
Still tryna understand the NFT space

Mazinewmoney:
My investments are as follows
40% in doge coin. Only need it to hit $3 to cash out big
40% in XRP for the future. I'm holding it forever.
5% each in Ada, SOL, vet, ada, X.LM, kyl,

To each his own, but I'd struggle to put 40% of my portfolio in doge...

Same with xrp... I own both btw, but aside ltc, xrp is about the worst performing major for the past 3 yrs

Oviebright:
Good day everyone please I’m a newbie in this cyprto market I’m a lame man I don’t know shit. I’m using this BUNDLE app for buying coins because it’s better and simple it converts all the coins to naira rate in the current market price. I’m looking to invest in new coins that would appreciate over a long period of time like a long term investment then put buy some for trading. I’d need someone who can advice me on how to start trading cyprto too. And need advice on top 5 coins to buy that would appreciate in a year or 2 to come.

Bundle is about the smoothest app to trade with.... Impressive how they leveraged on binaz.... Just logged in again and alot of new stuff there..

Pity the CBN issue almost derailed them...but they're back and running...

I found their actual prices a bit higher than on binaz so might be an issue if one trades much....
Also, withdrawing crypt0 assets can be a tad high...

IMO, your time frame may be a bit off considering where we are now...

My question rather would be what profit margin are you aiming for

Ibime:
It's not a case of good or not good. These are all microcaps ($1m to $50m) and what grows coins at this stage is marketing. For a behemoth like Bïnance to take on your marketing for the next 4 months is all it would take for these coins to do 5-10x on average. As per the program, Bïnance do an audit on the coin from security to applications so anyone that makes the list will be a good one for the marketcap we are talking about. The lower the marketcap the better, rather than how good the project is.

Bïnance haven't released the list so any analysis will come after they release the lists and I can cut size or increase size based on their marketcap and how much volume it would take for Bïnance marketing to move their marketcap. One or two of those that made MVBII with a large marketcap did not move as much though they were fundamentally the best coins and that was already reflected in their marketcap at the time Bïnance chose them. ALPACA is a good example. It did not move in PancakeSwap because it's marketcap was already large yet it was the best coin along with Autofarm. It only started moving after Bïnance brought it to main exchange.

So the approach with this is different and not so.much about pinpointing coins but taking the rising tide lifts all boats approach. If I throw like $400 in each coin, I'm not too concerned to be checking the performance daily but I have some assurance that when I come to sell in few weeks, my total would have uplifted. Bïnance sell the success of their previous MVB programs on how many X the coins averaged so I'm sure they won't want to come at the end of the program and tell us the value of their picks went down on average.

But above all, remember we are still in the shïtcoin phase of the market here so allocate your risk profile accordingly.

Good stuff... I'd be following for updates

Mazinewmoney:
I was making more from being an investor but trading has messed me up big time because I don't do research. I've gone back to investing my 95% capital while trading with 5% just for fun.

Trading is not bad but it can leave one chasing crumbs at the expense of the big stuff...

What projects are you invested in?

NFA, but talking about trading vs investing.... I believe these 2 vids will do justice...
One was recorded in 2013 and the other 2021


https://www.youtube.com/watch?v=Cw29h7LhEuE


https://www.youtube.com/watch?v=zD-1_HBdGR8

5... Bitc0in will generally give 2-3 opportunities each year to make at least 40- 50% profit... This has been the case for over 10 years... It's these movess I target as a medium term investor... i.e... once I'm convinced bitc0in is on an uptrend, I'm more relaxed with other stuff

This has been my compass in this market...

I can never time the top or the bottom and I don't try to... I have peace knowing I don't need to do that....

I'm more of a midterm trader transitioning to a long-term trader.....

My investment in this space resolves around such moves which truthfully are not difficult to spot or get on at the early stages...


Making money in crypt0 is easy.... Keeping it is harder...

My investment strategy has resolved around taking opportunities on such large moves and moving profits into less volatile assets... Knowing well that I cannot time the top

As an example, the crypt0 market made a huge move end of last year/beginning of the year.... and from that move, I acquired a duplex....
I'm tilting towards a similar move end of this year and if that comes to play, plan is to repeat same and get some shares +/- deposit some profits into metals

Second is the principle of investing in crypt0....

I come across people saying invest what you can afford to loose.... While I understand that, I don't jave money I want to loose...

Point is... My reasoning of seeing crypt0 as a longterm investment is based on certain principles


1. I believe yhe value of bitc0in will trend up with time... Good chance it gets deep into 6 figures in the long-term. If I didn't have a good conviction on this, I wouldn't be in crypt0. On the other hand, if this happens, bitc0in will gibe the opportunity to make life changing wealth

2. I believe (just like Osinanjo said) that digital currencies just like the internet did with communication will cahnge the financial landscape of the world in ways we might not yet imagine.

3. Crypt0 is a rapidly expanding space.... Weve seen stable coyns, defi, staking, institutional adoption, NFTs e.t.c come on and rapidly change the overview of this space

4. Bitc0in rules this space... I'm not a blind fanboy of bitc0in... But until I see large multinationals investing hundreds of millions into alyts.. Till then, I'd want to tag along with big money...

5... Bitc0in will generally give 2-3 opportunities each year to make at least 40- 50% profit... This has been the case for over 10 years... It's these movess I target as a medium term investor... i.e... once I'm convinced bitc0in is on an uptrend, I'm more relaxed with other stuff

6. That those who stick around reap the largest benefits..... Imagine owning one bic0in being worth 300k and earning 7% apr on that while watching your underlying asset appreciate. That's 21k in todays numbers... Equivalent to 10.9 mill (@520 exchange) or 910k ngn each month....

7. If Bitc0in rules this space, then my only reason for trading any other coin should be cos I think it'd perform better than bitc0in over a given period...

8. In a market as volatile as crypt0, it's futile trying to time the top or bottom of a trend... I go to bed with peace in my mind knowing I don't need to sell the absolute top or buy the absolute bottom to make good money in this space


These are the principles of my decision... You might not agree with all, or agree to a lesser extent... But if you think they're false, then I believe you should rethink your decision to own crypt0

@Ibime

Good research into bsc tokens... Been on watch mode as personally, I don't do well when I own too many tokens...

Would be appreciated if you could itemise your top 3-4 out of the 20... I'd rather buy 4 good ones than 20 randomly

Link/eith......

Just noticed link has held same support for 5-6 weeks against eith.....
Link has been generally disappointing... But if this level means anything, then I'd expect a response off it

First trading vs investing....


Very briefly, as this is the focus of this thread....

I do both... I'd liken a trader to someone who carries his small boat daily to go out on thecoast and fish..... The advantage is that If targeted well, he runs the advantage of getting fish daily or weekly... The disadvantage8s that while chasing one fish, he might loose focus and see himself far into into ocean thereby being meal for others...

This might sound extreme, but in a volatile market like crypt0, that's the everyday occurrence....


Using practical examples...
In March 2019, bitc0in sold off to 3000k usd... It was clear that this was a good place to buy.. while investors averaged in, traders were focused on if to buy at 3k or 3.2k... 6 months later, it didn't matter where you bought.l as bitc0in was about 10k USD
Same scenario occurred when bitc0in sold off to 4000 usd in 2020.

Now moving to Jan- March 2021, investors who bought at 10k were slowly taking profits between 50-60k.... Traders were more interested in trading 10% between 55k and 60k....
Lastly, same scenario occurred when bitc0in sold off to 30k.... Investors averaged in, traders were dillydallying whether to buy at 30k or 31k...

In summary, while there's room for both, in an uptrending market, investors usually win

Oyindamolah:
60% trading
20 investing

And the remaining 20%

Also what are your methods of investing?

This thread is an offshoot of the crypt0 investors thread...
That thread is rapidly expanding and now more focused on trading than investment hence why I saw the need to create this...
The focus of this as the name implies is to fertilize thoughts on investing long-term in the space.... Simply put, cutting out the noise and seeing the big picture.....

P.s... most folks get confused asking if crypt0currency = digital currency... Short answer is yes... For all intents and purposes, they are one and thesame... You can choose whatever name suits you

jedisco:
With the number of posts asking for what to trade or buy, I'm thinking of starting a thread focused on long-term investment in crypt0 mainly for those who trade size...

I believe with time, bitc0in would be worth hundreds of thousands and offer folks the opportunity to make life changing money.....

In following up on this, it seems that there's an appetite to have investment focused discussions on crypt0...

Still tryna gather people's views... For those who frequent this thread.... Two queries....

Do u have a strategy while investing in crypt0?

If you do, what's that strategy....

Hopefully, ICP breaks out soon... Been holding since 40ish... Targeting 100 on this...
A rally past 100 should bring 120-150 quite quickly

I mentioned some micros earlier on and today I bought some which were at my targets namely..ckb, perl, mana, beam, blz in addition to nkn....
Also added some doge...
Decision was based on TA as they were flipping weekly support

I figure that at their current valuations, they look good from a risk/reward POV... I consider them as mid- tems trades and plan to hold for weeks-months

Vicky271:
thanks for the advice.
On the first question, doge, matic, btt, trx and xrp. I bought doge because of Elons influence and thought it was going to help the coyn moon fast but when ever i checked my portfolio doge was d one dipping i became very afraid and sold it, on btt. It was doing fine until it stopped before the whole market started bleeding that time BeTC which was closer to 50k$ then it went down to 30, i panic sell everything lol....

Second question
I'm still holding safemoon. In fact I've locked it and trow the key away... Thats my only hope of returning to çrypto trading with cash if eventually it do well...

Most of the coins you mentioned rarely form the bulk of my portfolio... The bulk of my portfolio is always in the top 10 incl betece...
At certain times of the market, I cycle into lower caps you mentioned to accumulate more profits... Such coyns only move after the majors have shown the way

chidekings:
can you please throw more light on this

As abv..

sconp:
I'm trying to understand this can kindly expatiate on this

Let's say you convert sol to BnB directly, when BTC dips, BnB dips with it.

Isn't it better to convert sol to busd and buy the dip

Wouldn't it be

The point is in getting an actionable pair and knowing when to trade them...

Yeah... They both dip... But some dip more than others and some recover quicker than others...

Take sol for example... If one had converted into bnb at close to the 0.0..2 on tge fist attempt (which was a weekly resistance) and bought back at 0.0..150, that's about a 33% move... Now flipping back to sol at the daily support wass another big move... 33% equally

Before the coming of stable coyns, alyts existed to increase ones betece stash... There are times to take profits into usdt...thete are times to flip alyts

Vicky271:
i choose safemoon. Because at the time i joined crypt0 currency, it was safemoon that was trending so i made my little research and what picked my interest was that line... When you sell you be charged 10percent, so i thought with that people will love to invest in safemoon only to be hearing that safemoon is not a good project....

If you've been on this thread long enough, you'd have noticed that when a coyn becomes popular, that's usually the time to sell. Also, coyns like safemoon exist for a reason - to make profit... If you're here for the long-term, you should limit your exposure to them.

Regarding research, what were your findings on other coyns?

BTW, where are you charged 10% to sell?

Maicraze20:
Openheaven ibime derich5 jedisco with the sight of green for market pls can i enter market with remaining small stable coin

Na u go decide

Vicky271:
Hello fam good day, i recently joined crypt0 currency trading and I want to know why people don't really like safemoon. Despite it strict rules geared to make people know it's for Long term investor's....??

Hehe.. folks should stop falling for these narratives... I've seen coyns promise heaven and earth and still fizzle out... Not saying that's the case eith safemoon...
But the question should be why are you choosing safemoon?

Ibime:
Boss can you list your strong pairs. . .

Sol/BNB

Ada/ETH

and which else?

Sol is a relatively new coyn but it has respected structure so far....

Bnb/betece and eith/btc are also good ones...
Of late, I've been monitoring bnb/cake and bnb/bake as those seem to move after bnb...

Bnb wasn't a special coyn before.. but with binaz offering trading pairs into bnb for most of their coins, and also with the evolution of bsc, the coyn has began to hold strong.
Back in the days, link/eith used to be a good one to trade....not until link lost shape... I still bought some link between 20-25 for the long term

Personally, I think folks underestimate what trading strong pairs can do to ones account... To me, it's one of the easiest ways to increase ones portfolio when the conditions are right.

Ibime:
Thanks boss. Dey update us on your thought on BTC as we dey go

On this... Attached is still largely my view... I think it'd finally nuke when most have been convinced it's not going to nuke again... A ranging bitc0in is good for alyts... Just that it's currently under resistance

jedisco:
It's been a while I visited Crypt0 Twitter as I find it too distracting... But its a good place to guage market sentiment....

Two things I noticed...

A lot of posts from influencers advising folks to book profits so they can buy the huge dip... While this isn't financial advise, we know sooner or later there'd be a significant dip...
That said, bitc0in has a way of doing it's thing... I wouldn't be surprised it pullsback to say 48k, regains 50k and holds it for a while and alyts rally.... When folks are then convinced that 50k has held and bitc0in is due to take 60k, it then nukes to clear folks out.. Except I'm guaging the market sentiment wrongly, but bitc0in rarely nukes when majority have booked profits and waiting to buy the dip... I'd be waiting for a daily close.
One thing I'm watching is that this rally hasn't really flowed into micros... Usually, they start picking up after majors are done....and this market has a way of completing its cycles...


The second thing is that too many posts expecting a doge rally.... While I have a doge pag nd also waiting... Doge doesn't go on it's ridiculous rallies when everyone is expecting it to.

Ojemedad:
Good one here, I think the major reason people dont hodl for long is the financial aspect, most of the funds use for trading are part of daily living, no extra fund anywhere to hold down

It's all about seeing the big picture....
If crypt0 really does change the world of finance like the internet did to communication, the real winners would be those who saw the big picture...
Imagine those who held their Amazon or Google stocks from the early days....

I've got my trading and long-term account. My trading account is up 75% in the last month. My long term account moves slower but helps me keep tabs on the larger picture in the market... Without it, I'd end up buying the top in the name of trading...

IMO, imagine if bitc0in get to say 300k in the next 10yrs... One bitc0in may be all u need to cahnge ur story