₦airaland Forum

OpenHeaven2019:
If you had any doubt that the last dip was orchestrated, the images below should put them to rest.

Hehe... It's same cycle that keeps recurring

Whales sell into euphoria for a while (this time at 60k)>> afterwards, the FUD mill goes on and all the bad news starts reeling out>>they then start market selling causing a dip, at first>>folks are buying and longing the dip but with persistent selling, they cause a capitulation cascade of leveraged traders to fill their resting bids below>>of course there'd be a bounce and not all their bids are filled>>they sacrifice some betece and market sell into the bounce and thesame time adding more FUD (remember the new china release 2 days ago), this time, new folks capitulate and sell their bags at a loss into support>>>When they're done buying, they increase the volume on the positive news>>>Folks who recently sold at a loss will then FOMO into the pump...

People are saying its Elon musk that caused the pump... Not necessarily... Those who caused it where the whales who were buying 30k past few days... Now, retail is pumping the news.... Don't be surprised there's more good news over the next few days of what institutions bought at 30k causing further FOMO

CodeBlooded:
Wow
Made the biggest wrong decision in trading yesterday. Sold off my doge at 0.25 thinking I’d find a spot to re enter but I seems to have missed it totally. I was already losing before I sold off. Now watching doge pump without me having any even when I was already in minus before. It hurts like hell.

Apologies.... Just learn from it....

During yesterday's drop was about the worst time to sell......
If you're going to close positions to buy lower, then be sure of levels before pulling the trigger.... Cos most times, once stuff starts nuking and you panic sell, you end up selling the bottom...
Most folks who sold yesterday would end up buying higher.

OpenHeaven2019:
Biggest lesson is to take profits. Leave moon boys, be smart and take profits.

The last few days will come again.

Imagine people who got OGN at $0.4 watch it go to $10 and refuse to sell. The dip took it back to sub $1 and they regretted not selling.

Don’t be that guy. Sell and take profits.

Selling at loss is a crime, not taking profits is a bigger crime.

Up only is a myth!

Hehe... Nice one...

In summary, it's best to take profits on the way up...so one can have firepower to bid red days

jedisco:
Who else has noticed a significant uptick in USDC and Tether printing since this selloff... Especially USDC? I'm talking of 10-100's of millions..
Though a hard metric to use, but it reminds me of the selloff at 12k

It can be a sign of new money (likely institutional) flowing into the market....
I'd look later to see if the number of wallets holding large sums of betece has been on an increase....

One thing to note is that when large traders buy, they may market buy causing an uptick or immediate pump which folks fomo into to lift prices higher...
Whereas, when institutions buy, it's usually via resting bids which can take days to fill... They wouldn't chase prices. So if it rallies, they wait for it to come back down... That's something to note...e.g like when Tesla nd the rest bought earlier this year, the only notable thing was just that 30k didn't break despite dips to 28k... It was later on after price had lifted and it was announced, that it became obvious that some folks were buying at that level.

The question now is are they buying now or are they waiting for lower prices to ladder in bids

On this, seems 30k was bid heavily..... The printing press was in overdrive

I was looking at the usdc and usdt market cap charts on coinmarketcap (attached)... Though its a lagging one (hence its not a smooth curve)... But almost 10 billion usd was added to the market over these past few days... Not including busd and Tusd which also saw some uptick....

I still believe there's a non-negligible chance that in the future, price may come to dip briefly below 30k to clear all liquidity there... Eitherway, I don't think that happens soon.

jedisco:
Good pm my people... At times like this, if you've not planned ahead, its good to avoid making panicky decisions. Take a deep breath, switch off alerts, get on with life and revisit issues in 1-2 days..

Stay safe out there friends

This didn't age badly... It's always darkest before daybreak....
It's worth remembering lessons learnt on this selloff cos it'd occur again and again in future... Always remember... this market flows in cycles.....

jedisco:
Some ray of hope...
Have you ever noticed during this rin that anyday all alyts sre in green and have done significant percentages, buying then is usually a wrong time irrespective of technicals as 2-4 days down the line, there'd be some retrace...

It's usually that way to in bear markets... In bear markets to... A week or two of proper red is usually followed by good green.. What I do then is to buy every week or 2 weeks.. once I see betece is holding support, I target alyts that have held against betece (but are well down in usdt and at support) and buy... Usually, I'm in profit the next week...

I'm not saying this to advise folks to jump into alyts with such uncertainty, but for those stuck, this might also not be a hood time to panic sell...

For those with sole intent on buying alyts eitherway, I'd advise to stick to majors... Most are around significant support...
Eith- 1850, 1500
Ada- 1
LTC- 120-100
Bnb- 200
Xrp- 0.6-0.7
Alyts can dip much lower than we think, but there's only so far they can dip...esp majors...

Out of curiosity... Did anyone snipe some of these entries?
Was a difficult one at the time... But yes, if you bought the dip, you deserve the pump...

P.s... stuff is still in range... Not expecting most coins to start creating ATH as yet.... Difficult to say how far up they'd rally, but as always, a good number who panic sold into major support would fomo in at higher prices to push stuff up...... The daily- weekly candles should serve as a good guide on when to take profits

Same Goldman Sachs in 2021 are soon to publish an article arguing for and actually classing crypt0 as a new asset class... (Reminds me a bit of myself)

I'd post some snapshots here but should be a good read for those interested in the workings of the space....

Two things to note from the snapshots are:
1. 90% of all bitc0in that would ever exist has already been issued... Out of this, a small but significant percentage is lost.
2. The supply of bitc0in is cut in half every 4 years...
In essence, it's deflationary...as demand grows, supply reduces.


In summary, I'd argue against the consistent back and forth here regarding crypt0... At this stage of its existence, one of two things can either be true about crypt0 viz-
1. It turns out to be the greatest ponzi scheme known to man- one that lasted over a decade, managed to hoodwink lots of both regular folks and institutions in different continents, one that made Governments enact rules governing its trade and taxation (after being unable to ban it) and various central banks look into further utilisation... Would be one hell of a scheme..

2. That in some way still brewing but not as clear to us now, it'd play a huge role in shaping finance and transacting in future years just like the internet did with communication....

It's obvious what side of the bet I've taken... Would be a good one to watch how it pans out

Still on crypt0....

I note a number of arguments have been partly put against it here. This snapshot from an article by Goldman Sachs in 2020 summaries most of the arguments put forward against crypt0....and arguing against it being an asset class.

stevemims:
So, one thing we can't take away from Emma and other active members here- their analyses and ideas based on practical experiences are top-notch. That said, I agree with Lazyyouth on being guided with how we paint this Crypt0 narrative, I.e., by just putting money and wait for it to rise without understanding the intricacies that shape the market. However, this investment through blockchain hasn't been unpacked enough. Tobex and Jedisco/jidesco, would it be okay to quote you on a dead thread for more info? Thanks.

You could quote me here, on the crypt0 thread or any thread of your choosing....

But if it's on the economics around crypt0, personal research will usually answer most of your questions....

Lazyyouth4u:
I really enjoy reading your analysis of various asset classes and appreciate how passionate you are about bitc0ins. It shows that you are really invested in it and your emotions are normal for any true investor in an asset class that is going through challenging times that every asset class experiences. Unlike some people that throw around millions of dollars they gained but no in-depth knowledge of the asset class

But I think you are taking it too personally. Let people say whatever they want to say. It’s normal for people to be skeptical of asset classes that they do not understand. But please don’t stop the analysis that you drop every now and then. Some of us learn about the asset class from your posts

Gracias... Good to know people pick up stuff from posts given I largely stay off crypt0 discussions here..I will still post thoughts from time to time.... It's good having healthy discussions around different assets.

Perhaps, I was a bit emotional with some of my responses.. Was a red but healthy week in crypt0 and it was annoying seeing folks who have been waiting on the sidelines to say I told you so (rather ignorantly)... Think I was triggered and went on a rant.... Well weekend is over... New week, new focus....

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

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....

mike8804:
I never said a coin should be stay away from, I meant a meme coin like Shiba without any use case and having over 3b as market cap can never make you a millionaire just by investing $10. Market cap doesn't determine your choice of coin, market cap only gives you a reasonable profit projection. E.g I want to buy ethereum when the market cap is $300b, for me to double my investment as a holder then the cap has to reach $600b. $300b extra investment to a project no be beans oo even Nigeria no get that kind money. That's why most people trade BTW fluctuations in the market. With good TA skills like @jedisco you can double your money without necessary waiting for x2 of market cap.

My brother it goes both ways oo... E be like say shit coyns never do you something...
Have you ever asked yourself why most people who've been long in this market and trading volume stick mainly to majors? Even if your portfolio is small, to grow it, you have to think like those with larger portfolio...

Like I always say, making money in crypt0 is easy... keeping it is the hard part.

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

DieRich5:
yeah, saw it on Twitter

Anyone can write anything on twitter... Tesla bought their bitc0in at low 30k and sold 10% or so around 50-60k.... A Google search should confirm this

DieRich5:
fake news everywhere

Source?...

BTW, there are those in this for the long haul and not interested in every weekly move... Interestingly, those are the people who win big in this game...

You could watch the video below and see someone explaining what bitc0in would be and begging people to buy it for a few dollars 8 years back... I'm sure some would have been more interested in whether it was 1.8 or dipped 1.t dolls then... Today all that doesn't matter...


https://www.youtube.com/watch?v=Cw29h7LhEuE

My point is folks like Tesla bought cos they believe in the Tech nd know that in future, it wouldn't matter whether he bought for 20k or 40k

Stumbled upon this... It's not as bad as it looks....
Being in the fastest growing asset class comes with some price

olushollys:
I'm on BCH and TFuel now.
Bought BCH @790 now burning down to 547
TFuel @ 0.2997 but still on 0.2454
I have entered and sold several coins and lost much

Hmm.. not so much a drawback considering current market conditions.... Things should balance soon...

DieRich5:
I was wrong, na 43k

Where are you getting this information from? Teslas entry was in the low 30k... Bitc0in pumped from 33 to 38k after the news broke out...

DieRich5:
Update
Tesla buy betec @58 now losing 1 billions

Teslas entry was in the low 30k

On ada...

jedisco:
I've come to see that if you play the bull cycle between majors well, one can navigate this market for most of the bullrun avoiding significant dips in ones portfolio even when betece pullsback

Seeing eith double in the last 2 weeks and not having a good slice wasn't nice... Moreso given eith used to be my benchmark...

I used to play the link/eith chart before, and of recent, it's been the ada/eith...
Caught most of the upside move of ada against eith early this year but not the reverse... Good thing is that I stacked ada ( smarter move would have been to be in eith instead that period)...It's quite easy to get distracted in this market...

Now I'm back to majors... Ada is at weekly resistance against eith again.... If it flips the 0.06 level, then good chance it'd continue its rally to 0.08 and 0.1... Good thing is that it might just have created a higher low

Who else remembers this...
On the ada/betece chart (1st pic), Two important weekly levels are labelled 1 (0.3) and 2 (0.37
While I had thought it'd selloff to 0.3, which was the previous high, it seems to be flipping the 0.37 level...

Whats more interesting is ada/eith (2nd pic) I mentioned before... It's now completely flipped the 0.6 weekly level even with this selloff which is quite impressive. All that's left is a bounce.... Funny thing is that I thought eith held up better until I looked at the charts... I'd be keeping an eye on this

Flipping levels on both eith and betece is bullish.
Even in the midst of chaos, there seems to be some pattern...

NisforNicky:
hi jedisco

I've been following your comments and analysis for some time.
thank you for all the insight you bring here for free!

I have a question pls.

what strong alts can I get this dip period, with the view of hodling for up to 3years?
I may also exchange them in future for beetcee or eith if they perform very well.
I am hoping to get those whose prices are less than $1 for now, since my capital is small

1. 3 years?... Not advisable to trade alyts that way... Except bitc0in.... The market flows in waves, maximizing those moves saves you stress

2. Why are you keen on those less than $1... That's the mistake most new folks make that sees them chasing micros... What's important is your ROI and sustainability of investment not actually the cost of the coyn... Yeah, micros with minimal value tend to be more volatile in both directions, and most times, if not timed well, you're left with nothing.


As a new person in this space, it may be difficult juggling between coyns. It might be better to start with splitting your portfolio accordingly...

Allocating your portfolio depends on the time of the market cycle you're buying. Betece, Eith, Ada, xrp and one of the newer coyns likt (aave, dot, ksm or uni)... would top my list

olushollys:
Na waooo, for una crypto ooo. When i decided to join only ti make some little profits and lose it with over 70% of the original capital. God dey

What coyn did you buy?...and at what price?

LauraClasikVibe:
You know what you doing, the advise is for those that have used their life savings, rent or collected loan or trading for other people, sh!t coin chasers and airdrops specialist. It's good most people are experiencing this so that they know what Crypt0 is all about.

Besides diversification is key, be invested in Money Mutual fund
Fixed Income Fund
FG savings bond
T-bills
Stock Market this way their risk is reduced but first, they need to determine their risk appetite.

I agree... It's good to have a diversified investment portfolio.... That way, one can cycle profits across investment options

BUGOFF:
if one enters beeteec at 30k with 50k and it moves to 40k, what would be ones profit from ones 50k investment?
Cc:
Ibime
Jedisco
Openheaven, etc

Hehe... What I find funny is how you're calling everyone to come and solve maths for you

CryptoMatic:
I read on twitter that exchanges(cex &dex) currently hold the highest number of stable coins ever....... Seems a lot of people are simply waiting b4 they pull the trigger

Let's see... There's definitely been an uptick in the 'printing press'

Raeheemwayne:
APT. This thread have been helpful so far.
I told my guys some three weeks ago, we will soon be in a full bear season, I saw the signs ( it is bound to be), and I always dreaded this season cause I knew it will surely come and here it is.
can you recommend few altcoins with prospects and a little profit one can research on?

I'd say it's still early to say if we've flipped bear... This market can move quickly in any direction... Let PA decide... I'm leaning more towards a period of ranging before betece progresses to make new ATH's... Eitherway, for now, trades would be rangebound..

Regarding coyns, everyone has their favourites... Personally, I do better when I trade majors (e.g eith,ada, xrp,bnb) and flip them into betece, eith or fiat...

FomoKING:
Yes btc bleeding and $Elonone is still keeping up pretty much,,(you don't yet understand the hype and Utility $Elonone offers,, offering first Ever Gasless NFT Marketplace..). Been up 135% since 24hrs. And 69 promo has not even started...he s fucking dropping a single about $Elonone ...it's Mars from here (considering this tokens mc). Catch up bros

I'm sorry sir... No vex

Who else has noticed a significant uptick in USDC and Tether printing since this selloff... Especially USDC? I'm talking of 10-100's of millions..
Though a hard metric to use, but it reminds me of the selloff at 12k

It can be a sign of new money (likely institutional) flowing into the market....
I'd look later to see if the number of wallets holding large sums of betece has been on an increase....

One thing to note is that when large traders buy, they may market buy causing an uptick or immediate pump which folks fomo into to lift prices higher...
Whereas, when institutions buy, it's usually via resting bids which can take days to fill... They wouldn't chase prices. So if it rallies, they wait for it to come back down... That's something to note...e.g like when Tesla nd the rest bought earlier this year, the only notable thing was just that 30k didn't break despite dips to 28k... It was later on after price had lifted and it was announced, that it became obvious that some folks were buying at that level.

The question now is are they buying now or are they waiting for lower prices to ladder in bids

bayobabe:
But sincerely bear market should not start yet, I am not in the mood for it at the moment

Eitherway, it doesn't really matter now... If we we are in a bear market, we're quite far gone already...

Personally, I think betece ranges for a while before making new highs later this year/next...

FomoKING:
Some Days back,I Posted about $Elonone ,,now will be the last time
69 is massively gonna promote this project to Mars.. 23/05/21 .dropping a single on $Elonone and Video promotions,,,This is Boooobb..load up now and chill in MARS ... POTENTIALLY 10000X IS POSSIBLE CONSIDERING ITS LOW MC...

WhatsApp me or TG 081 26 76 10 51. I will share the Projects Official TG link,,can't post it here $Elonone currently only available on UNISWAP. 14M market Cap. Loads of Utility ,loads of Catalysts coming up... BUY LOW NOW ,,OR BUY HIGH LATER

Baba no disrespect....
But at this point in the market, if you get into a shi*t coin and betece does not reverse, you're on a long thing... Even if betece reverses in the coming months, the sh*t coyns that'd rally wouldn't be the current ones as they have too many bag holders under water....
Those who rugpulled this time will go on to make new sh*t coyns

Xrp/betece

Xrp is an odd but resilient major... It's taken all sorts of beating this bullrun but still has a way of coming back.

It's another one approaching support...
Funny enough, it created a double top (blue arrows) just before this selloff...wonder how I missed it....I had thought it was even going to rally in usd... Usually, I set alarms/resting bids at such levels and flip into betece...

Either way, it's approaching support both against betece... If it fails to hold (not expecting that) the carnage will be bloody as there's lots of space before the next level.

On USD, it's also similar... I attached a chart (2nd pic) I posted a few months back before its breakout... Then I highlighted how the level between 0.6-0.8 was one which was good resistance and had caused issues then.... It split through that resistance... Now looks like a retest..... If I was targeting an entry, I'd go for as close to 0.6 as possible

bayobabe:
Good lesson you just dropped now......I might not even wait till 20% sef.....and my stop-loss will be tight.

Stoploss is unlikely to help in such situations. Except you had a good entry which is already in profit and you want to protect it...... Most times, your stoploss is hit before stuff gets to its destination.... Bear market no easy to trade...

Mostly, what I do then if I notice betece may start rallying soon is just to but, forget and sell in a few months