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Jedisco's Posts

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Investment › Re: Crypto Currency Investors Thread by jedisco(m): 4:16pm On Sep 03, 2021
Ibime:
I kukuma put some change in LTC and AAVE

The way BeTC is attacking that $51k, I won't be surprised if leveraged shorts collapse between $51k and $52k, leading to an upsurge, and I like the setup of AAVE at that $400 price point and LTC at that $200 price point.
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

Investment › Re: Crypto Currency Investors Thread by jedisco(m): 4:12pm On Sep 03, 2021
Enyinne:
If hodling is a person,I will hodl bake till forever until e vomit my full money . I don tire for this hodling shit grin . Whales no dey this bake people side self #frustrationogokillperson#
Bake will usually move after bnb
Investment › Re: Crypto Currency Investors Thread by jedisco(m): 4:09pm On Sep 03, 2021
Ruben225571:
Boss, see the order down” though am also looking/ searching where i buy Ada at 70cent!
I would show you. Am going through the history one by one.

I am buying more! Even in this 2$ up. I still buy. But am searching to show you how long I have been holding the Ada!! So you could understand a bit!

I believe in Ada! Which is why am not selling or taking profits!

If you look at the pic (order price and date. Is from June) I am still searching to show you where I bought that Ada at 70 cent! Must!! It’s was in May i bought the 70 cent!

I didn’t trust Ada that much at first which is why I didn’t buy on time” the price was still very cheap! But know that I know. I won’t take chances!!

Though as you bosses always say, is not financial advice!
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
Investment › Re: Crypto Currency Investors Thread by jedisco(m):
BizBloke:
[color=#000033] cheesy
His bet paid off on this one sha.[/color]
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
Investment › Re: Crypto Currency Investors Thread by jedisco(m): 11:49am On Sep 03, 2021
DieRich5:
Tolu181................if u hodl ETH back Dem, u will likely take profits now and u will still be saying dis shit next 4yrs if eth keep going up more
Pls..............u can't hodl for forever bro
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
Investment › Re: Crypto Currency Investors Thread by jedisco(m): 11:28am On Sep 03, 2021
Ruben225571:
grin grin
You offload when Ada haven’t even hit 5$
Hmmm
What if you didn’t see another dip and Ada hit 8-10$ grin
Anyway you didn’t lose!!!

All the same.my own Ada is for holding!!

I agreed with you all!!
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?
Investment › Re: Crypto Currency Investors Thread by jedisco(m): 11:26am On Sep 03, 2021
Tolu181:
dude

I started this crypto in 2019

I have seen everything


I once had 1eth

I took profit on eth when it was 250dollars

Now look at eth

Mehn fvck that taking profit ahit,, no be for all coins

I cried for eth
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
Investment › Re: Crypto Currency Investors Thread by jedisco(m):
DieRich5:
I swr...........dat PSG own still hurts as hell still I didn't loss my money in it but lost all the profits
Lesson: rather take profits than go back to my entry undecided
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
Investment › Re: Treasury Bills In Nigeria by jedisco(m): 10:28am On Sep 03, 2021
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..
Investment › Re: Treasury Bills In Nigeria by jedisco(m): 10:25am On Sep 03, 2021
PresidentBuhari:
I no trust am phor this coun3ri.

The dollar wey I buy in Jan 2020 has gained 45 percent while the Naira wey I put for bonds has lost 45 percent (we could say make we add 10% annual yield and $5 percent reinvestment interests but still 30% loss in value).

Anyone who has held Naira since Jan 2020 up till date has lost 45 percent of its real value.
Jan 2020 - $1 bought at N370
Sept 2021 - $1 bought at N530.
Quite succint...
Investment › Re: Crypto Currency Investors Thread by jedisco(m): 10:03am On Sep 03, 2021
Macktaob:
Jedisco, pls indulge me. I follow you a lot and always look forward to your posts but you been a lot calm on analysis since this week. Hence my questions:

What do you think of DOT, take profit or still wait on the 40 target you set?

And does BTC have fuel to hold 49 - 50k range or it just might nuke to 48?
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....
Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 9:15am On Sep 03, 2021
Pato5:
Which hurts the most?
-missing out on a pump
-taking profit too early
-carrying bag
Buying the top thinking you're buying a breakout and ending up with a huge bag
Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op):
Shakitibob0:
Apart from applying the 21period moving average to your charts, are there still some other cheat codes you would want to share?

Jedisco
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...
Investment › Re: Crypto Currency Investors Thread by jedisco(m): 8:43am On Sep 03, 2021
Tolu181:
no be every coin you go take profit


Imagine taking profit from KSM at 380

Or taking profit from SOL at 100
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
Investment › Re: Treasury Bills In Nigeria by jedisco(m): 5:16am On Sep 03, 2021
freeman67:
...

They are US and Crypto adherents that CBN policies and actions have dealt with and they want other people to be involved too maybe that would touch the CBN.
Once they are not getting their way, they start name calling, bullying and all other tactics that will still not change the mind of those whose mind are already made.

The organic members of this thread already knows that though sometimes CBN policies might not be favourable to the investors. However, they will always find a legal means to move on instead of ranting for a decision that was made within ambit of CBN responsibilities. OMO was open to us all here back then and we could invest in it at will depending on your Bank and availablity. Now we cannot longer do it.

We discussed that and moved on without name calling and insinuations. That's what should happen but no they would rather do the opposite.
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
Investment › Re: Treasury Bills In Nigeria by jedisco(m):
LutanFyah:
How will the naira grow when the CBN left Fintechs in Nigeria and paid $500m to a Barbadian Fintech company to program the e-naira?

That huge amount would have provided the much needed FX, jobs and grown our nascent tech-economy but it was given to foreigners. Rwanda and Southafrica used their youths to provide their e-currency solutions,so what stops Nigerians from doing same.

Please, you and your fellow Patriots should allow the treasury bills thread to do their business and don't bring your gaslighting and propaganda here.
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
Investment › Re: Treasury Bills In Nigeria by jedisco(m): 4:52am On Sep 03, 2021
cucumbar:
which one is usdt?
Seems like it increases by at least, 1 dollar each day. At this rate, it will exceed 600 naira to 1usd before December.
I've been changing my naira to usd and just keep in a domiciliary account. But I'm being careful, make Dem no come tomorrow and say that you can't access USD. That's what is holding me back somhow.
The way the country is going is actually scary.
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
Investment › Re: Crypto Currency Investors Thread by jedisco(m): 4:12am On Sep 03, 2021
jedisco:
Sol on the daily not looking brill across board... Lodged what's left of my sol into bnb and betece
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
Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 4:09am On Sep 03, 2021
Hamachi:
It appears that this e-naira digital currency plan is not about improving the economy, but about the federal government having total control of everybody's finances.

If cash in Naira is phased out, then the federal government, through the CBN, can decide to block any person's digital account for any reason or even for no reason. The victim would not be able to back up his finances with cash. This is a very dangerous situation.
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
Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 3:56am On Sep 03, 2021
Hamzashaf99:
Thanks for all the assistance you've all been rendering especially the OP.
As the verified noob I am grin I will appreciate help on strategies so I will possibly bombard with a lot of questions.

My first now is how to enter on a coin that has broken it's ATH, like Ftt. Does one wait for a retracement, or is is okay to ride it at any point.
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

Investment › Re: Crypto Currency Investors Thread by jedisco(m): 2:55am On Sep 02, 2021
Ibime:
Have taken profit on all my positions except the ones that correlate with Ethereum (Matic and ETC).

Waiting for a retrace to jump back in
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
Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 2:13am On Sep 02, 2021
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

Investment › Re: Crypto Currency Investors Thread by jedisco(m): 1:55am On Sep 02, 2021
Sol on the daily not looking brill across board... Lodged what's left of my sol into bnb and betece

Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 12:48am On Sep 02, 2021
DieRich5:
PSG ain't, dis last dip, e hold the $30 strong........I ain't paying for now, I'm waiting 2 days b4 the game
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
Investment › Re: Crypto Currency Investors Thread by jedisco(m): 12:27am On Sep 02, 2021
clems88:
Which Kain JuJu be this. Sol tie my money, I jump enter axs when e red the mumu co.in is just stagnant.
Hehe... that's the disadvantage of not taking profit duly... You'd have to wait and see other stuff pump
Investment › Re: Crypto Currency Investors Thread by jedisco(m): 12:26am On Sep 02, 2021
kings11ng:
Use it to buy Sol
Hmmm
Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 9:28pm On Sep 01, 2021
Dot, link, uni all seem to be on their way to 40... The eith effect
Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 9:26pm On Sep 01, 2021
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...

Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 9:23pm On Sep 01, 2021
DieRich5:
chz is a great coin ND alot of club re getting dere fan tokens, hopefully it click .30 I'll be buying alots ND also with PSG if click 24.........
I doubt psg will get to 24... Wouldn't mind if it does though
Investment › Re: Crypto Currency Investors Thread by jedisco(m): 9:54pm On Aug 31, 2021
For sol, lets hope there's a strong bounce off the 4hrly ema.....

Everyone should decide when to take their profits

Investment › Re: Crypto Currency Investors Thread by jedisco(m): 9:46pm On Aug 31, 2021
BizBloke:
[color=#000033]This is bad.
There's actually no best thing to do now. I think you know what's best for you. And if you don't know, just simply ask yourself what happens if SOL doesn't rise in 2 weeks but keeps dipping, where would you live?[/color]
Those who bought psg at 60 cos they believed it'd pump whenever messi plays would give some advice
Investment › Re: Crypto Currency Investors Thread by jedisco(m): 9:44pm On Aug 31, 2021
Reeefe:
openheavens2019

pls come ohhh ... I used my house rent to buy sol at 129 this afternoon I just checked this evening to see 115 pls what's the best thing to do now. I can still wait for 2weeks tho.

should I wait or chop breakfast?
grin

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