Jedisco's Posts
Nairaland Forum › Jedisco's Profile › Jedisco's Posts
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Ibime:Hehe... Thought youd never trade ltc again.... It's at 0.4 against betece which is resitance... The next significant one is 0.45 looking to dump it here... I think there are better prospects elsewhere
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Enyinne:Bake will usually move after bnb |
Ruben225571:Ada has a good chance to rally in the coming weeks given it has broke previous ATH... Good you bought at lower valuations... Earlier on this thread, I shared going heavy on ada at 30cents and holding till 1 and 1.5 dolls before accumulating further Now Ada going from 3 to 15 means its market cap will increase from 95 billion dolls to 500 billion dolls. That means you need really good money flowing into ada. Wouldn't say this is impossible, but it wouldn't get there overnight. Bitc0in is rallying and soon enough, there'd be posts of those asking what coyn they should buy and hold for several years. My point is this, everyone has different trading styles but a long-term trader appreciates the red days |
BizBloke:Yeah it did... I did expect a rally to 150 after taking 100 (which I shared here)... I wasn't happy with the selloff at 130 hence I took profits... I remember sharing here how voyns usually rally in price discovery |
DieRich5:Thank you.... 'if to say' doesn't help in crypt0... Just know your timeframe and stick to it... My issue is that long-term traders usually appear on green days. .... If I was planning to hold for >10yrs, its when the market is red I'd be active... Not on a week everycoyn is pumping |
Ruben225571:I like your perspective... But lemme ask, would you have made this statement 2 months ago when ada crashed from 2.5 to 1 dolls Or are you making it cos ada had been on a run? |
Tolu181:It all depends on the timeframe you're trading..... Some people haven't taken profits on bitc0in for several years since it was less than 1000usd.... If you want to trade the longer period, that's fine and you'd make good profit as I believe bitc0in will trend up with time.. It's what big money does but then, be ready for you coyn eith to go from 2k to 150 like it did during the last bear market... I prefer to trade the significant swings of the market... Doing that, I can accumulate more of my favourite coyn |
DieRich5:It's always that way.... Psg is a pnd coyn though... But generally, if one gets a breakout on a strong midcap, expecting a 3-4x is sensible if betece remaining stable |
Someone who bought TBs at 7% a month ago has already lost 7% of their investment and are now at breakeven. Their question would now be how much more would they loose over the next 11 months... When a currency is that unstable, the risk comes with holding investment assets directly correlated with the currency. An extreme example will be holding Zimbabwean or Lebanese TBs or bonds and thinking one is making profit.. With all the ill thought intervention cbn did over the last 2 weeks, it was clear the naira will react badly which it has began to do... Registering devaluation against the dollar doesn't even do full justice.... It's estimated that over the last 1-1.5yrs, the dollar had devalued by upto 20% against scarce assets.. now comparing how the naira fared against the dollar, you'd see the real devaluation rate is much worse... What's even worse is the inflation that'd follow this round of devaluation. I've come to see that it takes about 3 months for the impact of a devaluation exercise to really be felt in the market....i.e, by November, cost of cooking gas, diesel, rods, cars, building materials should be at least 7-10% higher than their cost today....thats if the naira remains around 530. A further dip will be more catastrophic.... It's a sad tale... Let's hope the cbn has some useful tricks up it's sleeves...though I doubt as it's their wrong decision making that caused the present chaos.. |
PresidentBuhari:Quite succint... |
Macktaob:On my alyt positions, I'm not taking profits now irrespective of what bitc0in does in yhe interim.... I've set my initial targets and got no problems holding till theyre hit. Regarding Betece........ It's continued to hold the 21d ena and I'm biased towards an upside move... that said, the coyn can do what it wants . I also wouldn't consider a move to 48k a nuke... A pullback will be a move to 42-45k.... A nuke will be to 35-37k.... |
Pato5:Buying the top thinking you're buying a breakout and ending up with a huge bag |
Shakitibob0:Before getting into a coyn, I now mainly use Higher time frames on charts mostly the daily, and weekly. Rarely go below the 4hrly. I prefer to limit my trades to a fewer coyns as I do better this way Market flows in cycles... there'd be months of betece dominance and months of alyts dominance- know when to play which... Not usually a good idea buying on a green day When buying dips on betece, waiting for a daily close to confirm bias can save one from buying a nuke With coyns who move in a pack, it's usually best to go with the leader except on certain occasions where the plan is to flip profits With alyts, I try to zoom out and see what betece is doing... Most times, betece and alyts alternate their runs- if betece or eith is going to outperform an alyt, I'm better of in those two.... For example... Compare the weekly ltc/betece chart to eith/betece chart or even ltc/eith and it'd be clear which coyn is better to hold... Bitc0in will usually respect structure Limit the number of times I look at charts moreso during times of increased volatility... I've come to see that on days I looked at charts too much, I ended up making decisions I didn't think were good after a few days...e.g selling the exact bottom outta fear or buying the top thinking its a breakout These are the ones that come to mind... |
Tolu181:I entered sol at 30 and took good profits at 100 and some more at 120. Even if it rallies to 1000, no regrets.... You play this game long enough and discover that it's coyns where u never took profits that hurt... If the last 3 months have taught anything is that sol could easily be trading at 50 in several months... Like most would say, no one went broke taking profits |
freeman67:Hehe... It's interesting you believe CBN policies had any negative impact on those holding forex or trading crypt0.... Contrarily they seem to be the ones who benefit Within a year of placing restrictions on crypt0, CBN has turned round and is going to be one of the first to issue a central bank crypt0 asset. That says enough BTW, discuss and move without demanding change hardly solves any problem |
LutanFyah:The way CBN is rushing into this e-currency stuff which seems to be borne out of the need to make sure forex repatriations go thru them might very well just boomerang... Just like the failure of their Naira for dollar scheme.. The ease of interoperability between crypt0 assets might mean they'd just end up dollarising the economy... Countries who have been testing central bank issued soins for years are yet to roll it out... Makes me more sceptical how quickly cbn cane to this idea |
cucumbar:If things continue this way, then soon enough, they'd come for domiciliary accounts... just like woth Argentina e.t.c.... So far Nigeria's currency crises seems to be following the Lebanon pathway and it's quite clear CBN is running out of ideas |
jedisco:Hmm... Sol continues to surprise... Seems were back to the days of targeting breakout midcaps and waiting for 4-5x.... Overall, got about 3x on it which is good |
Hamachi:Traditional bank accounts will still be around for a longtime... Even countries with better mobile connectivity wouldn't try it.... The advantages is that its much cheaper to 'mint' a billion coyns than a billion naira.... Also, it'd give the CBN a hedge on forex remittance.. If there's an e-naira, I doubt it'd be limited to CBN issued wallets only... It'd likely be listed on exchanges similar to stable coyns.... That way, folks in diaspora can easily buy enaira on say binaz and send to folks in Nigeria... That said, I don't think weak currencies adopting crypt0 in this way is going to help.... The downside is that they might just dollarise their economy if usd linked currencies are very easy to access and use |
Hamzashaf99:This is not a bad strategy.... It was my modus operandi at the early part of the last run... Buy coyns that have just broke ATH and target 4-5x.... Come back later and get another 2x.... Worked for a good number... Didn't work as well towards the end of the run.... Take a look at sol and how it's continued to rally after breaking previous ATH... I'm trying to identify coyns that habe broken ath.... So far it looks like ada, sol, kava, ftt... My entry depends on the coyn....Usually what I do is is wait for some consolidation and target a retest of previous high.... Some coyns do not come back to retest previous ath.... Some do and don't move as much.. Take kava for example.... I'm still contemplating an entry .... It's retraced to the daily support and has retested 8.... A significant breakout from here should see it reach 24 at least. Reason I'm not in it yet is cos I'm not quite convinced about the structure
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Ibime:Most times, bitc0in will hardly dump when eith is pumping... Worse case, it might bleed slowly.... Same case with eith.... I'm just letting the market do it's thing to my portfolio |
Flipping levels between strong structured coyns can be a good way to maximize profits.... Converted a large chunk of my betece into bnb and have been sitting in it simply cos of this.... Love it when coyns respect levels
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Sol on the daily not looking brill across board... Lodged what's left of my sol into bnb and betece
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DieRich5:I'm regarding any purchase now as a mid-longterm purchase and would likely just sit until targets are hit..... On PSG, If one is expecting a 2x at 60-66... An entry of 30 isn't bad in the grand scheme.... Still not in it though, would want to see some show of strength first or lower targets hit.... Over the last week to two, I've put in good amount of new fiat into the market... Let's see |
clems88:Hehe... that's the disadvantage of not taking profit duly... You'd have to wait and see other stuff pump |
kings11ng:Hmmm |
Dot, link, uni all seem to be on their way to 40... The eith effect |
Scanning thru some charts... The bnb/eith monthly chart is quite interesting... Its held this lavel for 5 months now.... I'm more exposed to bnb though... I feel with all the bsc coyn nd new retail pumping in, the chap will defend his coyn...
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DieRich5:I doubt psg will get to 24... Wouldn't mind if it does though |
For sol, lets hope there's a strong bounce off the 4hrly ema..... Everyone should decide when to take their profits
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BizBloke:Those who bought psg at 60 cos they believed it'd pump whenever messi plays would give some advice |
Reeefe: ![]() |
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. Whales no dey this bake people side self #frustrationogokillperson#
