₦airaland Forum

bayobabe:
This is not a bad way to make money.......bear season should bring small hope too fa

Hehe... Trading bear seasons are different..

The main way to make money then is by safely buying red... Also, profits are taken quicker as everyone eye dey red... So once ur alyt do 20%, you selloff and wait for the next red

On eith/betece....

It's approaching a significant level against betece.... The weekly level between 0.058 and 0.052 has been a historically significant one as far back 2017

If it can flip that level, then that'd be a good thing for alyts... If it nukes that level, then sh*t just got real... Remember its a weekly cahrt and wouldn't resolve overnight

I remember a while ago when eith was lagging and bnb pumping some accused me of hating bnb... I smiled.... You play this market long enough, you begin to respect betece and eith... Eith would save your portfolio in ways other alyts can't.

One of my regrets of this bullrun is being shaken out of my euth position too soon...

On betece, we know it's not veen looking good... Has failed to make a higher high for a while and has been flipping every support for resistance...

Let the coin decide what it wants to do...

My concern on the weekly chart is that there's number of wicks just below 30k that has not been taken out... Lowest is at 28.2k.... It's difficult to say how much liquidity is still there after so long... A dip below 30k to take out that liquidity before regaining and flipping 30k will be bullish in the short-mid term... But then, 30k has not been lost and I'm not expecting it to go that easily...
Eitherway, at these levels, I'd wait for it to decide what it wants to do..

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...

bayobabe:
Naa person wey get better money dey buy btcee jare.....what will my 20 dollar do inside btceee matter

But then, if you learn to trade betece or trade alyts into betece, you'd maximize opportunities further... Betece runs this market... It always has a way of reminding us that

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

Ibime:
This is all anyone needs to know right now. BeeTee is up 3% in the last 24 hours but ETH and BNB are down like 4% and 7%.

Last time BeeTee was at $38k, I sold XRP for $1.20. Now BeeTee is at $37k and XRP is at $0.88

Nobody should be buying any cøin but BeeTee at this stage.

Same way ALTS did 2x to 4x when BeeTee was ranging between $50k and $60k, BeeTee could stay in this range between $35k and $38k and ALTS will lose half their value.

Hehe... Most majors have collapsed or nearing collapse into historic support zones both against usdt and against betece........ Right now, it's the betece value that matters
Betece can be brutal, but hopefully, the dominance retraces over the coming weeks before continuing up

Elsueno:
An eying btc, eth, BNB, Ada, Nano & more. See ehn...I just like buying solid things when they are cheap. Sure, sometimes person go loose money......but we make money to spend it, multiply it & not just to keep.

Sure, if u don't invest, u won't loose money but you won't gain either

Toh... My point was on making up your mind on when you want to invest... Cos trust me, buying cheap on crypt0 aint easy...

Averaging in is a good way to to avoid some of the disadvantages of buying all at once

Ibime:
That's why I said I'm only trading BeeTee now. I can't do past that one.

BeeTee is relatively outperforming all ALTS.

Whilst BeeTee lost 25%, most ALTS lost 45%. When BeeTee recover 10%, ALTS recover 8%, then when BeeTee drop 10%, ALTS drop another 20%.

Hehe...na so...
It's how they respond to dips that matters.... Betece is also volatile enough to make good profits

essay007:
BTC cycle has always been 3 - 6 months. Check historical data. I'm not worried about the dip. It'll hit it's bull cycle very soon and every hand that held or bought the dip will smile again.

Yeah... It's usually a 3-6 month alternation between betece and alyts... Also, there are lots of ways bitc0in can deal with alyts...

Bull or bear, current betece prices aren't so much of an issue... It can only go so low before a proper bounce... Alyts on the other hand, don't hold structure as well... Key is looking at how they respond to betece dips...

FomoKING:
Jedi,Gee please look into $Elonone ,what's is your opinion on it
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*LIQUIDITY locked for 100YRS
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Gee just check it out and get back Biko..am too deep on this one...

Website is Astroelon dot net
Telegram .. search 'Astroelon' (Elonone)

Na ibeme you go ask... I'm not big on unlisted coyns..

But I'd say it might be worth waiting till bitc0in picks a direction before going in.

bayobabe:
So no altcoyns at all is good to buy at this time? Not even eith and beenbee?

It's a tricky one... Most Altcoyns are at significant support and can be played well within range.. but then, with alyts sniping the lowest price is not so much of an issue... When the market is ripe, you could pick any alyt and it'd pump...

This market flows in cycles and I've learned not to fight it... Between September to December, bitc0in rallied and alyts bled... After that, it cooled down and alyts pumped... Right now, it looks like it wants to take over...


Eith is one coyn that could seemingly keep up with betece when it starts misbehaving...To me, bnb rallied to fast and needs to fill that space now...
If you weren't new her, I'd say to check the chart of whatever coyn ypur buying against Betece... But being new, it might be more sensible to stick to betece... When the time to buy alyts comes, it'd be obvious

emmanuelewumi:
For every Microsoft, Google, Amazon etc there were thousands of dot coms that are history, where investors lost 100% of their funds those who got loans went bankrupt

Margin of safety is very important and investing in assets with crazy valuations is dangerous.

Most of the dot coms had crazy valuations, PE of over 800 because of the reckless optimism of the uninitiated investors

History is about to repeat itself.

History repeats itself again and again.

I'd go on a bit

Just like with dotcom companies, most in crypt0 know that an overwhelming majority of crypt0 assets have little or no usecase and would eventually go to zero... But then the issue is what would the survivors do?

Bullruns leading to parabolic tops are an unavoidable part of strong markets moreso when an innovative item is introduced... The question is what happens after the bubble top. That's when fundamentals are tested and stuff without use fritters away...

Looking at the dotcom bubble (highlighted in blue), the internet was new and people saw it as innovative, retail money trooped in and stuff went parabolic. Of course, it ended in a crash with most companies going to zero but what happened afterwards is the important part... The likes of Google and the rest with proper fundamentals held strong... Today a number of those internet companies are worth more than the economies of many African nations... To me I'd that bubble was an unavoidable but minute cost to birth those giants... The market is much better off and has almost trippled its valuation of the bubble top. Take away those internet companies today and the market will crash. Also, did the markets that didn't partake in the bubble fare any better?... Most stock markets would give anything to have home companies with the valuation of Google listed on them.

The dotcom bubble is quite typical of the 2017 crypt0 bubble of 2017... Retail rushed in and blew stuff to absurd proportions. Most coyns birthed then are gone.... It was a brutal crash afterwards. But the fundamentals held true on what mattered and today bitc0in is back and stronger with central banks and larger institutions taking note.


Personally, I'd liken the current crypt0 space to the internet era of 04-05.... It's still very early..and with time, the 2017 crash may look like nothing

afroxyz:
Crypt0 is on the verge of being an aol/Netscape or being a Microsoft/facebook. We'll see.

I'd say this was the case 3-4 years back.... That was when the thinking was that it's a bubble going to zero... The only thing that held crypt0 after that was the fundamentals...

I'd liken the crypt0 space now to the internet era of 2004 after the dotcom crash... It was obvious the internet wasn't going to the wastebin ... Just like the first and second iPhone, anyone who touched it knew that this was something that couldn't be voided even though Nokia and the rest were dominant then.

Case in point are Central Banks looking at how to issue their crypt0 coins, Governments bringing out taxing rules, institutions adopting it and buying in large amount.... It's definitely passed the stage of whether it's going to zero or not.

The fundamentals on crypt0 have been tested and proven, question now is how does it scale

freeman67:
Since nobody should talk about Crypt0 loss then would please stop littering this thread with discussions about it. People talk about loss in every class of investment all the time..when treasury bill was crashing it was talked about and people were mocked about it here nobody died. Go to stock market thread and see how PETER and Loco were mocked for Transcorp shares recently..yet people hear word.

In stock market thread, lots of people with genuine intentions are sometimes vilify for wrong call or even right call that did not get mature immediately. Yet we hear word...

When some of you guys bring the matter about Crypt0 trying to make it seem like anybody that didn't or haven't invested in it is a looser..You don't see anything wrong with it. Now it is shedding weight and you don't want people to talk..

What then is so special about Crypt0 that it's loss shouldn't be talked about?

Please you guys should stop littering this thread with Crypt0 issues

I wasn't referring to healthy discussions around crypt0 like we've had on this page and the last...
What triggered me was the repititive goading of bitc0in investors by those who think its worthless

I've seen this PA before and I don't like experiencing it...
The issue with alyts now is not just bitc0in.. The coyn can do whatever it wants... Confidence is low in the market and this is not where alyts thrive. Whatever bitc0in does except a very strong bounce is still not good news got alyts....

Remember most alyts doubled when bitc0in remained steady between 50-60k range.... Bitc0in can keep ranging while they continue to bleed...

Question is.. just like we had a 3-5 month alyt season, are we getting into a 3-5month bitc0in season

Ibime:
I've been buying prudent amounts throughout this dip my gee, but with sense. You've been encouraging me to buy since $45k claiming it was dip. I can't come and kill myself.

Lol...You were good on ur decision to keep off.. Didn't envisage we'd dip this low.... I expected a bounce at 40 before any possible downside moreso with majority bidding 38k... Well the coyn puked thru both levels.... That's the market we trade... It's not free lunch... Good thing it's a marathon... not all dips/tops will be caught accurately...
But finally, my point was on a general basis though and maximizing the advantage one has when it comes.

Tobex4realTobex234:
I still maintain that for a long term horizon. Naira is a shxt currency compared to crypt0currency. Investing in naira denominated assets is more risky than cryptocurrency. My naira exposure is not up to 5% of my overall portfolio.

And to complement jedisco's point, other investment classes like stocks, naira denominated instruments e.t.c are equally risky, but nobody here is being chastised for investing in these assets.

I will always let people know that crypt0currency is risky but you have to be in it. I am yet to see any superior argument for ignoring crypt0currency in a young man's portfolio. Is it risky? Yes. But so is stocks and naira.

My brother, this is not even about naira vs crypt0 or crypt0 vs other investments... It's just about folks letting others be... It would be childish for me to continually pull up NSE that have dumped recently and start saying look at how this one lost money e.t.c. some stocks lost over 50% in a week or two and yet everyone is silent... But once it's crypt0, people start bringing up funny pictures..

Few years back, I bought a piece of land in a area which was seemingly fast developing. Another reason I bought was cos it seemed there'd be some government input coming to the area... Of late, someone closeby who sold did so at a loss... I didn't start goading him.

I love to diversify... But as tricky as investing can be and off all the stuff I invest in, if I was asked to name some that I could with some degree of certainty say I can buy today and in the next 2-3years, easily liquidate for profit, bitc0in would be top on that list... Worse still, I can stake it at 7% pa and let in cool down

Regarding, the naira, it's our national currency and difficult to criticize...but when Emiefele started his magic, I simply converted my naira to stable coyns and market price... Around that time, people were looking for where and how to buy dollars. If I wanted to, I could equally stake it for about 7% pa and also not bother about volatility in naira or crypt0...

The crypt0 market has grown to almost 2 trillion dollar market cap. Whether I invest or not means nothing to the market.... Same also with our opinions

Elsueno:
Will definitely buy the dip, solid coins only though, not meme & shyt. Something which has value & can survive.

Sigh... perhaps it's time to go back to the stock market & wait till the bear goes back into hibernation

Which dip are you waiting to buy....

If you can't stand the sight now, do you think you'd have the mind to buy if bitc0in dips to 20k?

bayobabe:
It ain't easy oo baba mi.....I was thinking if this goes on till the end of the month, I would buy some dips but I don dey get change of mind because the dip don dey look like something else for my eye. But I would still try to buy it and forget it if the market still looks funny.

Lol... Buying dips on bitc0in are very difficult....

But if it's bitc0in you want to buy, look at the big picture... Bitc0in will usually respect levels whether bull or bear markets...
Bitc0in is down by 50%. In the grand scheme of things, this is not a bad entry. Bitc0in you bought between 30-35k is not one you'd struggle to sell for profits even if we get into a deeper correction... At most, you keep it for a few weeks....

Just like 60k didn't look like a top when price was there, same also with the bottom... Bitc0in will usually bottom when fear is max and most think it'd deep further... It's werks later it starts looking obvious...

In all, I'm not saying stuff can't dip further, but looking at the big picture, this is a good entry... Regarding alyts, market conditions don't suit them now

wwwtortoise:
Good day bro,

I sent you a PM.
Something confidential I would like to discuss with you outside NL.
Hope you don’t mind?

Hmm... Hard one...
Usually, I prefer to limit discussions to NL... Just for privacy reasons...
Can you quote me on an old thread is some forgotten section of NL instead?

Ibime:
Put a small bid on BeTC at $31k. I can't do past that one.

Lol... This man... If it dips that low, you go comot am...
Even if bitc0in dips to 20k, fear no go gree men buy... Buying crypt0 dips aint easy...lol

fergieboy:
Bnb fit come down to 50k o

Bnb was well overextended among the majors... It had been stalling for a while... Wasn't surprised it crashed so bad

In retrospect, it was obvious....
Eith was the last major to pump and crancked in 7 straight green weeks against betece... Random alyts were doing x 10...

We knew bitc0in will soon wake and suck them dry but we didn't know it'd be by a brutal and wicked correction.....

Stay safe out there folks as betece disciplines it's children

ojesymsym:
This your analysis be like say e get k-leg.
You compare bitcoin (just one product) with a whole market (NSE), why not compare the whole crypto market with the NSE.
Or you compare bitc0in which is the shinning light of the crypto market with a shinny light of the NSE instead of this apple for oranges comparism you just did so that we can all learn.

I'm not cherry picking...

I've attached the total crypt0 market capitalisation since 2015. If you look you'd see it closely mimics the bitc0in chart... That is because at virtually any point, bitc0in contributes 40-70% of that market cap. Bitc0in is representative of the market, and where new money flows into... There was a crash simply because bitc0in crashed... If there was an NSE stock that fulfilled such criteria, I'm happy to use it

Before this crash, bitc0in was about the least performing crypt0 asset of the last 3 months. If I wanted to cherry pick, it wouldn't be bitc0in I'd use. Infact, even with the crash, the top other 3 crypt0 assets (eith, ada and bnb) have outperformed bitc0in by at least 2 times over the past year... If I wanted to wow folks, some no name coins have done insane numbers but I stuck to the fundamentals.

I selected bitc0in to be fair as it's representative of the market, controls the market and where most smart money goes to.

But then, people are still not contented with the good profitability of bitc0in and move to other stuff cos they want to build a house from 100naira investment.
No one who invested in crypt0 will tell you that if all they wanted was a modest 20% per annum, they would have got it easy... Folks know it's their mistakes that made them have losses.

BTW, I wholly agree that this crash was nasty and a proper shakeout... But thats the price to pay with crypt0. After green months on end comes a proper correction

janga:
according to the bolded, i believed u will sell ur boxers soon to loadup more crypt0 bcz as i can see now, we’re going to re-test $30k again and by this time, it should breakdown below it due to the order book showing the vol of those biddin at $30k is greater than those traders tryin to sell at $42500R/S zone. crypt0 was all about buy low and sell high but alot of noob were fomoing in green and after this massive dips, they re out of cash to buy low . well this is the best time for trader to take advantage of this volatility for their day to day long/short leveragin and also good for those who wanted to hodl for long to keep their cash and wait in $20k junction or be averaging down if s/he got the stamina. weekly chart is still showing bearish and we’re also waiting for monthly expirely contract on 28th may which will also impact market to be bearish so expect below $30k at the end of this month. at moment $betec is showing a falling wedge in a 4hours timeframe which is bullish pattern but i dont think it will be very easy to breakout $42500 R/S due to most of trader taking their profit using Resistance/Support and those panic seller going on in the market except if elon musk manipulate his twit with a positive btc word and i dunno if chart is allowed in here

Of course, if bitc0in goes below 30k, I'd get some put in a cold wallet and let it be.... 3-6 months down the line, I'd look at what the price is and if I'm lucky its at 45k, I'd sell for over 50% profit. That's good enough for me. By the way, I've got waiting bids just incase it happens when I'm asleep. The fact that bitc0in has not gone to zero as a good number predicted is good enough

But then, that's not my point...
My point is people make profits and losses on all investments. Why is it that those not invested in bitc0in take it upon themselves to goad others whenever theres a dip?. That's what I don't understand. I invest in stocks and metals. some stocks are quite volatile.... I don't see people posting here whenever the stock market retraces or say those who bought landed property sell at a loss.. If I start posting selloffs in stocks or metals here do you think we'd have any form of discussion?

Folks should live and let live

OpenHeaven2019:
Thanks Ibime.

If we close below the 21EMA weekly candle, it is over.

That would me we technically go into the bear market

21 ema is at 45.5k now.... with the correct market sentiment, closing above will be a huge call....
Let the market decide what it wants to do

Ibime:
Nah, that one dey on chill for now. Little confidence due to general Beeteecee vituperations. On that side now, I'm focussed on presale for a token me and my guys launched, and waiting for IDO in two weeks for one presale I invested in, to cash out.

With the current market conditions, hope the presale goes well....

Real betece vultuperation.... Whatever betece does now is likely bad news for alyts.... Betece has finally started causing havoc

@ibeme.... How far with the pancake? Any good news from that end

IamR:
You are taking crypto too personally. You're not the only crypto investor, please. Some of us here are into it too.

How am I taking it too personal??
By pointing out facts? If I said something wrong, let me know...

Calling me a gambler cos I own bitc0in is what I call 'personal'

Afromentalist:
Nobody is crying, we are discussing and comparing business here.

An investor is not emotional nor attached to any particular business. You remain cold and objective, trying to rationally analyze events and assets.

I bought BeTC when it was still under 10k, so stop the unnecessary bragging.

I am failing to see where I am emotional... I've got investments scattered across a wide range of sectors. When shares or land I buy is not doing well or takes a dip, I don't expect those who think I was foolish in buying shares to come and start goading me... And yes, I'd talk about it cos it's been tge most profitable investment for me over the last 2 years and has helped me increase my stake in other assets.

Many here have called bitc0in investors gamblers and see call it a worthless asset. No problems. To me, that is being emotional. I can't be an investment minded person and be oblivious of the most bullish asset of the last decade. Folks are generally stuck in their ways. I see no reason why people who have no kobo in bitc0in will consistently goad crypt0 investors whenever there is a pullback. It's becoming stale.. The crypt0 market is an uptrending but volatile one.. that's not a discovery... Everyone in it knows that. Any market has ups and downs...
People here have different assets many of which could be in loss. No one comes and starts goading someone whose land they bought is at a loss...

I largely keep off discussions around crypt0 here... But it seems folks here can't keep off it either

It's interesting how people who did not invest in crypt0 are crying more than the bereaved.... I've not seen that happen anywhere..

This chart is just another reminder that this pullback is both healthy and needed and frankly almost insignificant in the grand scheme of things... Like always, sooner or later, a strong market will come back stronger.

A few days ago, I bought at 42k and even added more at 36k... No regrets... Already in profit on some entries.
If we're lucky enough to see bitc0in under 30k, you can be rest assured I'd be selling my boxers to load up....