₦airaland Forum

PSG... Getting into my area of interest..... Lost the daily support.... Headed for the weekly

I believe this coyn owes me 2x at least... If it goes to plan, I may allocate profits from it into getting a new mobile

If betece goes on another rally, One coyn I want to build a good stash of is chz... Most fan tokens are built on it... I'm hoping to get bids in on a retest of the weekly ema at around 0.3

With the covid crash and cash constraints, an increasing number of football clubs are turning to fan tokens to engage fans nd raise some cash it seems...
Wouldn't be surprised if other sporting teams start following suit.......

My plan will be to own some chz and another sporting token (psg likely)

Been thinking about the effects of the e-naira on the crypt0 space....

I believe CBN wants to use it as a means to build their reserves by centrally channeling forex remittance to the country through their hands....
While this is ingenious and makes sense on paper, I'm a bit worried about how quickly it was put together.... Most countries have been testing crypt0 for a while but yet to issue one officially.... I'm worried about how quickly the CBN has made plans and fixed an issue date with theirs.... Let it not be another failed experiment... With crypt0 coins, CBN can manufacture endless naira overnight

Fact is, it might not do much in strengthening the Naira as most folks will still keep usd denominated stables... Except CBN can make it available on exchanges such that one can buy it from anywhere in the world and transmit it.... Still a tough one and something I'd show some skepticism about....

One thing it'd do is boost the masses following of crypt0... When people who think crypt0 is scam hear that CBN has issued one, they'd rush to buy it forgetting that it's just another stable coin... When they wait sometime without profit, they'd move to buy some crypt0...

The major winners of the whole stable coin ish seems to be the US.. it's seems to be a way for them to dollarise the economies of most nations by making everyday folls own the dollar....

Eitherway, it seems to be something ingenious CBN has put forward after a very long time.... I will look forward to how it rolls out

Is ksm has moved, an aave followup wouldn't surprise me

sellydion:
Thanks for great insight. I opined that one should start with investing and graduate to trading. Trading is emotionally challenging.

It's can be emotionally challenging and time consuming.... Leaves folks staring into their screens at every given opportunity...

That said, it's also rewarding for those who can do it well

Mumben:
Pls clarify, u said ur entry in OnE is 1, target is 1.5 but one is currently below$1. Or is it a mistake?

0.15 I meant

I'm a bit concerned about the look of bitc0in....

The eith effect- Eith breaking out is causing alyts to rally... But I'd be keen on seeing how bitc0in closes the day

BizBloke:
[color=#000033]There's always another coin.
Or, you can average down; like if you've got that $500-$1k now, I think it's wise to still buy it and maybe see you at $1k - $2k/SOL.[/color]

Hehe

Sol has become popular here... Good chance the local top is in or close

jedisco:
On one,
Between 1 and 1.5, there's little resistance...

Over the next week or two, micros should start popping and majors would likely calm down...
Got some at 0.96, will look to add on a breakout and retest

jedisco:
I'd take this as a flip of a significant level... While I still think it'd play around this level for a bit, I added to my position at 0.104

It's good to have one or two of your coyns perform well when bitc0in is misbehaving...

Initial target on one is still 1.5... would recalibrate afterwards

jedisco:
I bought at 30 ish and took some chunk off at close to 100...

Generally, when coyns are in price discovery, this is how they move 20, 40-50, 70, 100, 120, 150, 300....
You could see these patterns on bnb, etc and a host of others

Point being if ots flipped 100, good chance it gets to 150.... I'd expect a stall there at least and a retest of 100 before any further continuation...

Who remembers our sol chart? Did some flipping on it during the brutal selloff... Thank God I knew when to stop flipping and let the coyn ride....

Took good profits off at 100 (into betece and bnb)... Will take the next off at 145 which will be 3x from breakout (likely into usd).... Generally, I like selling on the way up...

If only some others can repeat same in due course

Timekeeper:
Jedisco... Any thing special abt ltc to look forward too?

Seriously, it's an annoying coyn... The last to pump and it retraces the deepest... Cant wait to dump my lil holdings on it

Ibime:
Oga what's your capital allocation % between your HODL bag and trading bag

And also at what points (signals) would you sell your HODL bag?

I don't have a fixed percentage yet but I'm tilting towards that.. But I'm more of a swing or long-term trader than day trader... Once in a while, I spot good daily moves and cash out....

The thing about holding is that one has a clearer view of the market... And you wouldn't need a chart to tell you it's time to take profit nd wait for a retrace....
E.g last year when I held dot and uni from 4 to 20... I didn't need anyone to tell me that at 20 dols, I should take profit which I did.... Most day traders who subsequently jumped in hoping to benefit from a bounce from 18 back to 20 were stuck...
Similar to sol.... Folks who bought at 30 are almost 5x up and wouldn't need a prophet to tell themto take some profits between 100 and 150... that's when some day traders would start to FOMO

If betece does go on another run, my plan is to focus on a few assets, take profits either by selling into usd, betece on flipping them.... When theres a retrace, I deploy back into same assets...

Of recent, I started averaging slowly into certain micros..... If there's a dip, I'd add more.... If they go on to repeat what they did earlier this yr, I wouldn't need advice to know when to take profit

This is my view of the market, of course it can differ for most

sconp:
I doubt it will, been tested quite a bit, and the last bounce from it wasn't encouraging. I think we might see 43k

TBH, it doesn't look brilliant.... It's beginning to get crammed between the ema support and 50k resistance.... Soon one of them should budge....

The selloff into yesterday's close wasn't nice....

If it loses the daily ema, the next target is 44.5k and afterwards the weekly ema.......

chidekings:
how can one stake dot on binance

The option now available on binaz for dot is the flexible savings at 0.5% apr....

My dot holdings are on kraken... BTW, I meant 12%...which is not bad for flexible staking
There's a screenshot on the previous page

There are other options there to stake assets.... Just be sure its secure. There are ones where you could even earn interest without having to necessarily deposit your coyns on the exchange

OpenHeaven2019:
Jedisco thank you for this thread.

Jedisco is a master of TA but even him knows you don’t need TA to know BTC would be worth hundreds of thousands soon - even if we capitulate today to 10k, it changes nothing!

If you look at the bigger picture, you always win!!!

Thank you providing a place I can drop my long term calls!

Great... Would be nice to have a slow paced, future oriented thread...

Weirdgee:
which of them boss?

Just listed a most...

Eith is another... With alyts, one can hardly go wrong with eith....

Ada is anothe champ... annoyingly, its moved

OpenHeaven2019:
Dot!

Dot is where I’m moving my profits to.

The Dot parachain auctions comes up in last quarter of 2021.

Noted... I'm going in kia kia....
Really enjoyed it's early year rally.... 4x in a month was sweet

Seriously, having some crypt0 assets is becoming a no brainer for Nigerians...

Looking at the exchange rate today, the fact is even if your crypt0 asset did not move, youre up 6% over the last month.... That's what TB yields are for a year... In essence, if you buy TBs at 7%, by the time you get your money back, it might have lost 50% of its value

What alot of older folks are still failing to grasp is that as far as the naira continues to devalue this rapidly, one is losing money in real terms by owning most naira denominated investment...be it bonds, TB's e.t.c

With the manoeuvring by the CBN in the past 2 weeks, it was obvious the market will respond badly....

Now, they're running out of options and the populace are increasingly losing faith in the Naira.
IMO, they are left with two options- either remove dollar subsidies or go for domiciliary accounts...

As a Nigerian, crypt0 may save you

Ruben225571:
I didn’t lose money oooo””
I make some cool cash !!! I enter at the right time and get out at the right time!!

No coin is trusted unless to the holding person who wish to Hold and trust the project!

Which is why we have a say in crypto “ isn’t financial advice!!!

My brother ehn.... To be factual with you... In this game, they're things that'd burn you....
If you think the coyn has prospects, wait for it to bleed after listing.... When icp listed, I waited months for it to bleed from 30o ish to an area where I felt the bottom was close... Today, though I didn't buy the bottom, I'm up about 75% on it....
It's not that you weren't burnt today, rather It's such emotions for quick cash that kill

The downside of crypt0 is that folks at the click of a finger can express emotions to buy or sell hufe amounts.

One thing that took me a while to learn was to stop market buying.... I place my orders and wait for it to fill... There's no hurry in this market

Personally, as I shared on the other thread, irrespective of what bitc0in does in the interim ( as far as it's above 40k), I don't see the need to sell any of my alyts for now..... if a pullback comes and gives lower prices, I'd add more

Some of my alyt entries and target sells are...

One... Entry was at 1... Target is 1.5

Kusama... Entry between 280 and 300... Target is between 500-600

Dot- as above

Uni- entry was between 25-27... Target is 40

Link- entry was between 20-25, target is 40-50

Xrp- entry was 0.59... target 1.8 ish

Theta- entry was 7, target 12-15

Tfuel- entry was 0.36, target 0.6

Icp... Entry was around 66 and 40... targeting 120-150 on it...

Still got some shib (entry 0. and doge... Targeting 2x on both... Personally, I don't think doge will perform as well this time around... Many people who missed its last rallies have been lurking around in it... Me feels it'd still grustrate folks a lil

Usually, there's a rhythm to this market.... Eith or ada moves first and the other follows....

Coins that move on tandem can provide an opportunity to maximize profits if the second is lagging
If eith moves towards 4k, then etc will usually follow quickly... If it lags, then I cycle

If bnb moves towards 600-650, then bake and cake usually follow...

At this stage of the market, I'd say most people would likely do better over the next few weeks if they target a few coins and just hold rather than jumping from pillar to post...

A good number of coyns have a decent chance of pulling a 50% from their current valuations if bitc0in remains stable over the next few weeks-months

If you want to make good entries on alyt in a bull run,

There are 2 cheat codes I'd advice,

First ficus on the daily and weekly charts against Bitc0in and usdt....

Second, make your ema settings to 21..... Most coyns will keep touching this and rallying up until they top out... What I do is target what coins are holding their support during a selloff...

Now to some trading....

With the solana rally, I believe lots of people will rush into buy it at close to 150....

Two coyns I'm looking at are dot and uni....

I enjoyed the first parabolic move of dot from 4 to 20 and then 40 earlier this year.... It cooled down before the selloff...

Looking at it now, it looks juicy...

First against Bitc0in it's flipping the weekly ema support....

I got some of it today at 25, staked it at 20% apr and targeting 40-50 (2x) at the first instance from it....

My plan will be to sell there, hopefully reload lower and target a price discovery run afterwards

Good chance it and uni could pull a solana if they break previous ATH

Madmazel99:
what's the future for tron long term holders? Despite it having many use cases. It doesn't up go a lot and doesn't go down a lot.

Generally, trx is not a coin I trade... Its not performed well against Bitc0in or eith in the past..

Of course, every coin has its day, but I like being with the strongest participants

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

It seems most people here are chasing shadows and noise thinking they're making money... most want to convert 20k into 1 bitc0in overnight and might end up on a rollercoaster. A good number have no targets. They're only interested in the adrenaline pump forgetting the big picture and might sadly end up just being liquidity in the market. Sometimes it's sad, cos I see folks making mistakes we made in the days...

This isn't financial advise and I don't claim to be a guru... but it seems very few people here do see the bigger picture
Looking at the big picture, I believe that with time, bitc0in will ultimately trend up. If that happens, crypt0 would give me an opportunity to make life changing wealth. In this market, what ultimately matters is how much bitc0in you stash....

I've traded traditional markets and I've been happy to invest my money at 10% for a full year.... To many people here, that would say its senseless...but to each his own...


In my opinion, if one trades size, the focus should be on increasing your bitc0in stash.., protecting it...and only trade in a way to increase your it...

Following up from this, the thread is up and running. would appreciate input from folks focused on long-term portfolio moves...

https://www.nairaland.com/6725463/investing-digital-currencies-looking-bigger

Just to clarify, I'd still be active here if I see on sensible daily move..

As an aside, one thing I've noticed in crypt0 is that the market repeats itself....

As an intro:
I reviewed the events of the last 3 months and I've seen such play out on multiple times....
Fact is like most of us, if you were bullish and buying heavily at 60k and became bearish and didn't buy at 30k, then you're likely just providing liquidity to the market expect you've taken lessons....

I asked myself today, if the events of the last 6 months repeated themselves, would I behave differently?

Cos if we go on to have another rally, most will still be bullish at the top and not take profits....

One of the reasons I took some unnecessary losses last time was because I was sucked into noise of daily trading.... It's good to know ones strength in this market and focus on it.

On this thread, I shared how I almost tripled my portfolio between December and end of January with very minimal input while.... Looking back, when I decided to start babysitting positions was when I lost stopped making as much... If I had continued with a hugely laid back approach, I'd have been hugely out of the market before the selloff... I knew eith is usually the last to rally but still missed the tip

If you believe I'm a bit knowledgeable on this market, then take it from me that at least 90% of people who think they're day trading, lose money in the long-term or simply do not make as much...

In essence, that's my reason for the thread above- simply to fertilize ideas on how to make it big and retain profits in this space... I hope that when the next rally comes, we'd have folks here who read the market well, sold into the greed with testimonies to share

Ruben225571:
Omo the pump no be here oooo
If you have some extra usdt. Fomo enter” you won’t regret at all’ !!!

Not financial advice!!!

Why do people like losing their money

Kemistri4:
Please, guys, is it advisable to sell my SOL now?


I bought at $64

I bought at 30 ish and took some chunk off at close to 100...

Generally, when coyns are in price discovery, this is how they move 20, 40-50, 70, 100, 120, 150, 300....
You could see these patterns on bnb, etc and a host of others

Point being if ots flipped 100, good chance it gets to 150.... I'd expect a stall there at least and a retest of 100 before any further continuation...

One reason I'm very bullish on bitc0in....

It has recognisable an actionable timescale

In addition to having about 2-3 significant moves yearly

Larger timesale- By virtue of its supply being cut in half every four years (called the halving), and increasing demand, this causes a well timed huge rally every 4 years (termed bull run) that propels the market to new highs... Hence, so far no one who's held bitc0in for 4 years has had to sell at a loss... In investing, having a market that provides these can be priceless....

After the end of each bullrun comes a healthy correction which IMO, is opportunity to amass it on the discount

The 2020/2021 bullrun which is still in play propelled the price of bitc0in from about 12k isd after the halving to 60k so far with a good chance it goes higher.. This was largely driven by institutions adopting bitc0in as a store of value with some buying it in hundreds of millions...


The next halving is in 2024... And if history is anything to go by, there should be another rally. It is my view that the 2024 rally will largely be propelled by countries adopting crypt0 either by means of owning Bitc0in or issuing central bank backed stable coins. Already one country has began to build bitc0in reserves.

Come to think of it, crypt0 provides tangible assets that can be traded in hundreds of countries worldwide. With the way bitc0in is structured, it protects folks from inflation.
This is something I believe countries might not even be able to control. Due to poor economic policies, we've seen citizens of countries with unstable currencies e.g Turkey, Nigeria, Lebanon, Venezuela e.t.c troop into crypt0 to protect their assets. It's only a matter of time before a currency pulls a Zimbabwe on it's citizens. The winners would be thise who were able to hedge their assets against inflation...and crypt0 is one of the easiest ways to do that. It's not my prayer that countries go bust, butin life, somethings are bound to happen.

Being more futuristic, moreso with more crypt0 exchages offering cards to directly spend crypt0 in everyday transactions, I'd say that if ever there was going to be a human currency that transcends geographic locations to be used in everyday spending, it'd likely be based on crypt0. We're not there yet, but it's not hard to see it happening

OpenHeaven2019:
I am looking forward to the monthly candle close.
If we can close above $45.1k, chances of a new ATH is very high.

I'm tilted towards some turbulence before ATH

fashionnisir:
btc has the lowest reward returns of 0.25

This is flexible i.e you can withdraw whenever....

For fixed timescales, there are better rates even on most exchanges.

Binaz offers 7% for 90 days

Mazinewmoney:
God bless you master. Once there is an increase in any of them, I'll sell and the take my time to study one good project and invest in it for long term. Any option from you will still do me well.

My brother, nobody be master in this space, we're all trying to mk profit.... Generally, all I do here is share thoughts on coyns I trade... I usually refrain from advising people to buy this or that....
But generally, it's safe to have a larger chunk of your portfolio invested among betece, eith, ada and bnb...
They may not give the volatility some others would, but you'd have peace of mind