₦airaland Forum

SteveOfu:
You got this all wrong. Watch out for pi

No p.... I'm watching

SteveOfu:
Yes, check my signature and sign up.

I have always talked about it from the day I joined this thread but people like derenledave called it a scam.

I have been in crypto since 2017.

Hehe... This man... you're always present when pi is mentioned

You've been in crypt0 since 2017 and you're stuck on a worthless coyn... No wahala... Continuu

handsomebolanle:
Have you heard about Pi to go mainet by December... and what's your candid opinion on that...

I have always believed that pi stuff is equivalent to scam and just a data harvester...

Like I said a while back, making a crypt0 coin is not difficult, we have thousands of them... So I see no reason why I'd spend my time minting a worthless coyn... Even if it goes mainet, would it be different from the others in the market...

With the way a good have been 'mining' it on their phones for years, it'd likely be another sh*t coyn...
Either way, in this market, there's no hurry... When it gets there, we'd see what it does

Pleasant01:
I have a problem with the bank account I registered on binaz.... I tried using another person's bank account but the account name can't be changed... pls sir can you sell to me... you are an active nairalander so I think I can trust you

The bank account name has to match the binanz account name... You can change the bank account or register a new binaz account
Or are you going to be frequenting nairaland anytime you want to deposit ir withdraw?

Apologies I don't offer that service.

htdot:
Why is it that when bitcoooon dip other coin follow suit.. is it that the liquidity of other coin are been channel to power beeteecee?

It's simply because bitc0in controls this market... At least, for now...
Don't foght it... Rather use it to your benefit

janga:
$Chz with entry 0.28990 already on 78% in lessthan 24hrs, mostly i will have like 5-10 open position in future trading

With leverage trading, the general advice is that if you feel the need to share your unrealised profits, then perhaps it's time to take profits

OpenHeaven2019:
Jedisco focused on more serious things. He is probably the scammer looking for who to scam.

Another possibility...... Let's give him a chance though

.

darediamond:
When people lack adequate knowledge about Trading tradeable assets, they tend to make serious mistake about what A PROFITABLE TRADING IS.

Making profit continually is About Time.

Timing as to The Rigth TIME To Buy And Sell not once nor twice, but continually.

When a trader understands this MAIN FACT, all He Or Would Be Thinking About Is AVAILABILITY OF EVER ONGOING PRICE FLUNCTIONS IN ANY MARKET.

It is From the constant price fluctuations that PROFITS are regularly extracted.

There Never A People The Market is Not Bullish and At the Same time Bearish. It o ly depends on your view of the Market.

Free Money Is Always Available to share

It's easy to look back and see all the times when one could have bought a dip and sold the rally... But I know that's not possible... one would likely get rekt trying to chase every move in the market.

I prefer to trade higher time frames... Or aim what dips to buy and rallies to sell

Burchester:
Which app is this ?

Bina.na.nce

Pleasant01:
pls I want to buy usdt..... anyone selling?

What stops you buying on an exchange to avoid getting scammed

On the current Naira dilemma

Who else has noticed the rat race between the official rate and market rate? For the past 6 years, the official rate has been chasing the market rate....
Fact is as far as some privileged people can access the naira at 410 to a dollar for whatever reason while the market rate is 500, the Naira is guaranteed to continue in a downward slide...

That's part of the reasons why a good number are in crypt0 and the reason I had to liquidate most of my naira investments a few years back....
Over the last 10years, someone who simply held the dollar would have performed better than 99% of those invested on the NSE... I remember sharing how 1000usd worth of First bank shares bought at 14naira per share in 2011 will be worth 120 usd today...

This is not advising folks to trade crypt0 as that's a personal decision. But then, the good thing is that folks can benefit from opportunities that abound in crypt0 without trading.
One can simply buy stable coins and stake for a fixed duration with rates of upto 7%apr... by holding stables at that rate, you're performing better than almost all naira denominated investments while avoiding the volatility in crypt0. Whenever the CBN decides to stop subsidizing the dollar for the rich, and both rates merge, you can easily sell back into naira.

Like I tell people, if you lose in crypt0, you have no one to blame except yourself.

This is also beneficial to crypt0 investors as we've come to see.. Bitc0in has had >25% dips each month for the past 4-5months... buying the right ones is an easy way of making money in a bull run. It's not all about owning a coyn... Having fiat to buy the right dip is also important. Locking in profits is an easy way to make sure you don't tamper with them

That bitc0in is pumping/bouncing does not mean its bullish and that it's not stagnant does not mean it's bearish....

Looking back, bitc0in showed bearish tendencies for sometime when it was bouncing off 50k to 60k...yet most in the market thought it was bullish....

P.S.... this is not a bearish or bullish post... It's simply about knowing your invalidation points and when to change bias so one doesn't keep flip-flopping

Converted my link into betece at 0.088... which is resistance..

LTC/btc on the other hand, looks like it has more room to expand

Alot has been said about trading..
For those new in this space.. don't get carried away... Most longer-term holders perform much better than the average trader with much less stress...

The most important thing is knowing when to buy

PlayMaker14:
Feel free to engage yourself.

Run along ignorant boy

PlayMaker14:
It seems you're visually impaired....

Didn't you see Fabio Capello in my comment?

The issue with most of you folks who only watch the premier League is that you think football starts and ends there...

FYI, Italian coaches are one of the most travelled... An average British coach/player hardly ever leaves Britain......
And BTW, there is equally nothing bad with people deciding to stay in their home country...

I wonder what Alegri leaving Italy has to do with him being a fine coach....

PlayMaker14:
This "Merry-Go-Round" in the Series A is really de-marketing and causing stagnation in the league.

Gennaro Gattuso; AC Milan > Napoli > Fiorentina.

Masssimilano Allegri; Juventus > Sit-At-Home > Juventus > Sit-At-Home > Juventus.

Gaspperini;. Seria B > Inter Milan > Atlanta.

Apart from Fabio Capello, Carlo Ancelotti and Antonio Conte who have embraced challenges from different leagues, the average Italian football coaches will rather remain docile and remotely controlled from one Italian club to another.

Say what you know...

More Italian coaches have coached in the English league than English coaches in all the other European leagues... Infact, an Italian was the coach of the English senior team not too far back...

Also, Allegri had coached other Italian sides including AC Milan before moving to Juventus.

How many English coaches have coached in other big European leagues?

Ibime:
Is there a minting chart we can track (not marketcap) for stable coins?

Nope... None i know of

Ibime:
ETC and YFI doing me well

Good pumps...

I had set alerts on yfi/betece at 1.0 (the blue arrow which it coincidentally held last week) after riding the last pump.. unfortunately, betece was nuking when my alerts went off... Decided to keep off. Stuff dipped to 0.8 and rebounded... On the 4hr chart (not attached), it seems to be making what looks like a bullflag into the 4hr ema support.. I'd eith bid a bounce, or wait at 1... If it bounces there, targets will be between 1.45-1.6 on betece... Wouldn't be so keen on holding further as last weeks candle wasn't so nice....

On ETC... Finally made a higher high in usd.. obviously I wouldn't enter a coyn that pumped 25% already... 2 things here... If it flips 80, I'd get in and ride to 120... Otherwise, I'd wait to get in at 60...

Of course betece has to be sensible for these to play out

While following such transactions can be difficult and even moreso to actionably trade, there's definitely been a sharp increase in the volume of such minting since the selloff. Been seeing a good number of such high volume mint and transfer into exchanges... Similar scenario at 10k.. Seems some folks have been patiently waiting....

It'd be interesting to see how much net increase in stable coyns by months end...

This is not saying bitc0in moons immediately.... Remember the 50-60k distribution ranged for about 3 months... reaccumulation too wouldn't complete in 2 days... But so far, signs are good

Mumben:
To all d crypto traders in d house, please I have a serious question. Can one trade crypto as a full time job? Like how much capital will one require to be able to generate reasonable amount of profit weekly or monthly? Please help a confused Mum. I am currently unemployed so my reason for asking.

That's not how crypt0 works... You're much more likely to make a loss than profit if you approach it that way...
Day trading requires time, skill nd lots of oda things....
I remember advising some people earlier on this thread against day trading.... Most lost hugely and disappeared....

Before you start day trading in this market, it's advisable to have traded it for at least 2 years.
It's much easier to approach things from a higher time frame... You end up making and keeping more than most daytrading...

Also, crypt0 is best done as a passive investment with very clear targets of when and how you want to take profits

Cowbell521:
U must be stvpid for saying that. Ur brain no tell u say person wey never chop no fit put $8k to shit coin? I don lose over $10k in the past 4 months nd I still dey as I dey.... The wey u take see $100 fit be the wey I see $10k.... U gerit?

Please let's be civil in our conversations....
The person you quoted made some valid points too.

Second point is my principle of approaching stuff from a non-determininalistic viewpoint.

First the narrative here was that all crypt0 investors are conmen or yahoo boys then it moved on to similar narratives and more and more of such...
That has been my trigger point here on many occasions...

There are multiple downsides to crypt0 (just like on any asset) which is I'd be the first to admit. That's why I have never gone advising anyone to get into it.

The point I've always stressed on this thread is simple.. if I'm going to argue against an asset, I'd do it from a position of knowledge not ignorance or a pre-determined appeoach.... I believe in having a diversified portfolio... And just as I'd argue the pros and cons of say buying land is same way I'd do that for stocks, metals, crypt0 e.t.c... but I usually limit my discussion to stuff I know something about (and preferably have owned or traded).

For example, I'd always say that before I put a kobo into any asset/market, I want to see its performance over a period of time... preferably upto a decade or more...That holds true for anything I do and let's me view stuff without bias

Two things I'd like to note though I didn't want to go get into initially....

First is comparing cryt0 to margin trading (noted on some pages back) which I think is quite odd... Margin trading similar to derivative options are a seperate entity from crypt0. One can margin trade virtually any asset be it spot, stocks e.t.c. They existed long before the first bitc0in was mined and even if bitc0in goes into extinction, they'd still exist.
Would I be classed as a margin trader simply cos I decide to buy stocks or buy gold or virtually any other asset with seperate derivative options.

For those unaware, margin trading in simpler terms is equivalent to taking a loan with smaller collateral to buy larger amounts of an asset that you wouldn't have been able to abinitio based on certain set conditions... It can be done on virtually any traded item... In theory, even things as simple as buying tomatoes from the north can be margin traded with the right facility.

The pros and cons of margin trading is up in the air for those interested as it's not something I engage in. But then, the liquidity such brings to a market is unrivalled. That's simply because some larger players would not invest in a market if they don't have the option of hedging their positions. Same way, when not properly regulated, it can also be disastrous just like with the 2008 crash. The NSE for example has been trying to get derivatives put in place for a while to boost liquidity. If that occurs just like you have in other stock markets, would that make those invested in spot stocks derivative traders?

Summary, is that trading margin or other derivatives has nothing to do with crypt0... As a matter of fact, there are more derivative options in traditional markets than in the relatively new crypt0 space.

CodeBlooded:
You mean it would still come down.
Intend on buying doge and not Betc

Like I said earlier, it's difficult at the levels... it's really for you to decide.
If betece continues to rally, it'd pushup.. i.e the dip might have already occured... Personally, I think it rallies higher.
It's the issue with panic selling... Most times getting a re-entry can be tricky....

Below 0.33 yesterday with betece showing strength would have been a buy. Also, unlike other alyts, doge has not rallied as much but has relatively held well against betece...

I'm already in position with doge and would be selling into betece between 0.01-0.012.

OpenHeaven2019:
.

Careful with this, there's alot of stacked shorts already waiting for a squeeze... I'd rather take profits, buy dips than short (not like I trade futures)

I don't believe we're out of the woods yet and I don't think bitc0in will create a new ATH soon. But then, the complacency on this rally with majority second guessing it (because of previous crushed hopes) makes me think it'd rally higher than most expect.... It's in such conditions that bitc0in just loves to keep pushing up... Nd when everyone flips bullish, it dumps again.
Just like many erroneously longed the last selloff into capitulation, many too might erroneously short this bounce into a squeeze...
Let's see how it goes

OpenHeaven2019:
Please don’t get greedy. Market is still in a precarious state. Be careful out there.

Jedisco please check if Btc is printing a head and shoulder pattern?

I don't see an actionable one for now.....

There's a possible structure on the weekly (marked blue) with the left shoulder around 42k, but the head is too big for my liking....
Compared to the one it broke down from (marked orange) which was rather clean....

Ibime:
So what do we now boss?

I'm watching from the sideline with red eye. My $31k bid never clocked in.

What would you do in this position. Wait for breakout or retest or FOMO?

Hehe... This man... shared thoughts on betece

You just dey remind me what I did when bitc0in capitulated last March...when I finally bought at 5.8-6.2k then despite seeing it bounce at 4k and knowing it was a good place to bid... I kept moving my targets lower and pulling my bids on dips... When it started rallying, I started looking for same level I ran away from before..... At the end, vex come dey catch me cos I had fiat, witnessed the dip, but ended up buying at similar levels to those affected by it.. looking back now, it should have been an instant buy..
It was getting obvious you wouldn't buy below 40k

Buying such betece dips are difficult, but I like to see them from a risk/reward view.... At low 30k's, the risk of further downside is much lower.. Betece will respect structure and there's only so low it can dip moreso with negative funding and max fear in the market....
In current market conditions, I don't see as good an entry above 40k- lot's of resistance above and it's difficult to say where betece will get another selloff...
There's resistance around 45k, another at 50k and lastly 55k (if it gets there)... So personally, if it crosses 40k, my focus will be more on profit taking for me and compounding on dips..

Tkulthenoble:
The return is huge if we buy the dip see doge coming back with 6,000+%

Nope... Very unlikely at it's current market cap

jedisco:
On betece.....

Throughout this selloff, it's held the 21ema on the 4gr chart (1st pic) as resistance....continuously rejecting off it... Getting above and flipping this would be key for any further upside.... Currently sits at 36.9k which is close to the previous high of 38k

On the daily chart, yesterday's close lost the daily support of 36.7k... not a good sign...

Overall, 30k is still holding as support and the 37-38k level is resistance... Soon enough, one of them would give and let this drawn out horror end

jedisco:
On this...
First 4hrly close above the 4hr ema since 58k... Betece Now in the process of confirming it as support and also looking to make a higher high above the last high of 38k...
Hold this and me thinks the bottom (at least for now) is in
Interesting times....

Still on betece....
On the 4hr chart, it nicely confimed the 21ema as support... Secondly, it had it's first higher high sice 58k... I'm looking at a confirmation with a higher low before more upside.. I should have watched this all along

On the daily, (2nd chart)... Yesterday's candle was a good one... Claimed back the range... A dip into the 36.7-37.5k region (previous daily support) should serve as a good place for re-entry before further upside... To me, this would be the last place I'm willing to add spot betece for now. Above 40k, I don't see a good risk-reward for an entry

Third pic is the 4hr chart with potential dip zone.... Also worth keeping an eye on the 21 ema....

On the bear side, if betece fails to take 40k this rally and starts dipping below 34k, then I'd say there's a high chance it nukes 30k... I wouldn't be bidding low if it occurs...

On alyts, good chance they revisit the lower levels in the coming weeks... But for now, as far as betece continues to hold, worth playing them level by level

CodeBlooded:
What do you suggest I do now ?

Difficult to say cos this can very well be an exit pump..... I'd let the market cool down nd get into entries on betece dips