₦airaland Forum

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

Bunsenbun:
I like how you think but why Bitc0in only?
From the market trend,Eith is clearly taking the market from betc.
Would be interested in the group too.I really need to learn how to trade futures Boss

It's simply because betece rules the market so I use it as the standard...

I trade alyts and trade them heavy. For me, if an alyt isn't performing better than betece, I'm better off in betece...

Regarding futures, my opinion is that you don't need it to make good money in crypt0. The market is volatile enough. Most think it'd maximize their profits... but nope... 70% will blow their account within the first 3 months of starting out...

Ibime:
It's got main net launch on August 31st. Don't know much about the token TBH but mainnet launch is a key milestone. Na small I put inside

Thanks... Quite close... might let the mainnet lauch pass before anything

Sol/bnb...

Is this giving me another chance?..
Strong bounce off the daily.... Even though it might rally higher this time, I'd still ease some into betece and bnb around the 0.2 mark....

Good thing about trading strong pairs when betece is ranging is that it helps one cut out the noise...and profits can be huge if timed well..

@ibime....
You had mentioned kava earlier.... What event does it have coming up.... It seems to be flirting with its ATH... I'm waiting for a weekly close to make a decision on it... Looks more juicy against betece

Ada/eith is getting to a level where I expect eith to make a move...

First chart is the weekly and second the monthly...
If I was in heavy in ada, I'd ease some out into eith at close to 0.01...
The way I see these things is that even if it takes that level, it'd likely comeback to flip it which will give a better risk defined entry

Haryoureendey4:
Get into crypto for trading and thanks for this thread and YouTube videos. Only thing i haven't learn is how to take profit reason i am asking the question.

As pato5 said, the common way of making money in crypt0 is buying low and selling high. You are the one who determines where you want to sell and whst percentage of your stash you want to

Haryoureendey4:
Pls house, i have been hearing take profit, take profit, take profit...

Pls how do you take profit?

Is it this way?
Buy coin "a" worth of 60k Naira, and ur money grow to 64k, remove 4k and keep 60k. Remember my coin reduces in digit too.
So this is my question...
If coin goes down to the to the initial amount u bought with 60k u have 56k as worth value.
So logically it's samething if u don't take ur 4k profit...Or is there something i am missing? Or that's not how to take profit?
Pls gurus in the house i need your breakdown

Thanks

First, the question you should ask yourself is why did you get into crypt0 and what was your target when you got in

.

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...

Ibime:
I done enter stables to await this options expiry tomorrow jare. After that, we will see where market landed and pick up from there. I believe it needed to stay above $48k for those options contracts expiry to fall in the bulls favour.

Personally, I think the weekly ema retest will come... But I don't think it's here yet....
I just think too many folks are expecting a dip... Also, a number of majors tested support as betece was.... E.g ada retesting 2.5.

Also, my experience with options expiry is that when too many people talk about it and expect volatility, then it's already priced it and nothing usually happens

Another clean chart to trade is ada/eith...

Also been looking at bnb/cake or bnb/bake as I've notice they both move after a bnb rally....

Any other pairs folks here trade?

Sol breaking out....

I'm quite heavy on trading pairs... You're likely to make much more and unnecessary stress is taken from you.

Sol/bnb has been a hidden gem.

Unfortunately, I didn't fully partake of this move as I've said multiple times here...

So far, there's been a good bounce on the daily....

The weekly chart (2nd) looks clean... I'd be taking profits from sol into bnb on this rally when the time is ripe....

jedisco:
I'm largely still in position... Placed some loose stop on a few coins that have moved...

Yesterday's candle finish was a mixed one- it closed sbove the area of resistance for the last 3 days which is good but I don't like the long wick to the upside...

If bitc0in fails to finish above that level today, then it'd be sensible to expect some pullback...

I still have fiat aside and ready to buy, but I don't think the massive selloff everyone is expecting is imminent just yet.... A pullback isn't necessarily bad for alyts as we've seen... It usually gives them room to breakout on recovery....

Generally, they say low volume comes before a big move- but it's worth noting what volume profile youre using

Wasn't too interested in closing certain positions e.g sol and bnb before the dip as I suspected they'd bounce back quicker than expected.....

Bitc0in is at the first area of interest. Which is the daily support (1st)...got into some alyt positions at that ema..

This is the 3rd test of that support in a short period and I wouldn't be bidding the 4th if it happens soon.

A loss of the daily support, should eventually bring a retest of the weekly support at around 41k now.... It's very likely bitc0in will eventually retest the weekly support... I believe what happens at that retest would signifying if this bullrun will continue or not

Elsueno:
The only time I will sell my BeTC is when it goes below $17k, cause thats where I bought it sha . Can't sell large chunk of my EiTH because I staked it on EiTH 2.0..... Though I bought it when it was cheap.


I think my favourite color is red except on US stock market

Good stuff... I like this.. seeing the big picture
Fact is that you're likely to end up with much more profit and less stress than most traders

On yesterday's close, most majors seemed to have flipped their daily support which is a good thing....

Also, some of the micros I've mentioned earlier retraced to entry targets... Got into a number.... Will now wait and watch

murphyrichy:
Oga good morning, plz how can I place stop loss on coins, Am using bi.nance

Best way is to watch a youtube video... It'd be difficult to explain in writing

Ibime:
@ Jedisco,

With this low volume, are you starting to get cautious or you still have a decent allocation in the market?

I'm largely still in position... Placed some loose stop on a few coins that have moved...

Yesterday's candle finish was a mixed one- it closed sbove the area of resistance for the last 3 days which is good but I don't like the long wick to the upside...

If bitc0in fails to finish above that level today, then it'd be sensible to expect some pullback...

I still have fiat aside and ready to buy, but I don't think the massive selloff everyone is expecting is imminent just yet.... A pullback isn't necessarily bad for alyts as we've seen... It usually gives them room to breakout on recovery....

Generally, they say low volume comes before a big move- but it's worth noting what volume profile youre using

ositadima1:
Export deficit is d main issue and not the other way round, it is the reason CBN deviced parallel markets in the first place as a way to ease pressure on our reserves while allowing essential users access to cheaper rates. But, like most things in Nija, it is subject to exploitation.

This is same argument given to defend petrol subsidy. People going for pilgrimage, studies and medical attention abroad are hardly essential. If CBN wants to support manufacturers, they can pay salaries their workers or give then tax holidays... What they're doing is like trying to fill a basket with water and complaining the basket isn't filled cos the tap isn't flowing well... At no point in the history of this nation has that dichotomy not led to thesame endpoint.

I want to point out that, unlike dollars that have d full backing of d USA economy crypt0s don't, they are purely speculative instruments. If USA or some other influential country decide to block bitc0in, maybe because terrorist use it or some other reasons, ur crypt0s will go to zero or close to zero so fast u wouldn't be able to pull out ur money.

The crypt0 space is a rapidly evolving one. There's lots more in the space than a few popular coyns. Owning Bitc0in is very different from my point and wasn't what I was referring to.
To put things in perspective, comparing bitc0in to what I was referring to is like saying buying forex when traveling (or keeps) is equivalent to buying forex to trade in the US stock market. They are worlds apart. Stable coyns aren't volatile or speculative. Their value (as has been the case over the years) remains equivalent to the underlying fiat they're pegged to irrespective of what the larger market is doing.

It is not for everyone sha. But, with the right knowledge someone can get in at bottom or close to bottom and make it out with decent returns, then wait for d next bonanza when ever that might be.

Yeah....To each his own... There's no fixed rule to investing. If I see a good opportunity in the NSE, I'd take it provided there's some degree of stability in the naira

jedisco:
It's been a while I visited Crypt0 Twitter as I find it too distracting...

.

This one lots of people are liking this post... Hehe...e be like say guys no want mk the coyn dip.... Relax guys.... The coyn will do what it would

clems88:
I viewed it in the morning and ignored it. To my surprise this evening I'm shocked

Playing micros are tricky... They are very volatile and if not well timed can leave one pants down... With them, I just set targets nd go to sleep

Rsr and ckb also look similar in betece and usdt.....

I'd stop here as most micros look similar

MBL..... I'd take this if it retraces to retest 0.01 with an initial target of 0.015... If it doesn't retrace, I'd let it be

Some micros I've got alerts on....

Bel... Would want a retest of 2.2 ish on usdt

Equally looks good in betece

NB...these are just based on the candle pattern.. haven't looked at other variables such as RSI yet