₦airaland Forum

ojesymsym:
Did you run this same 30 years analysis for NYSE? What was the return like?

NSE 30 means group of 30 tstocks on the NSE which are usually the top 30.

You also have NSE 50

Most stock exchanges have such groups. It gives an idea of just what the big boys are doing.

SteveOfu:
Ada, KLM, xrp and trx are very good coins and Crypt0 is not a ponzi scheme, I am a living testimony. Yes pie is another good Investment, you don't need any money. check my signature to sign up

After being chased off the crypt0 thread, you've turned up here with your pie tra*h.....
And just for the record, anything aside bitc0in is high risk

seyisanya:
Very true. That's why young investors need to understand what they are doing and not get carried away with the fact that they're still young so they can take higher risks. Hence, they get involved in all sort of Ponzi schemes and buy any coins in the name of crypt0 investment.

While I understand the need for caution while investing, it's interesting you equate crypt0 to ponzi...

That you don't understand something does not mean those who do are wrong. A good number of Nigerians don't understand Facebook or Twitter, it doesn't stop those platforms from having revenues that a lot of states combined don't have. Moreso, those platforms affect the day to day running of our nation (e.g SARS protests)

Coming unto investment, there's the inherent risk of volatility in trading crypt0 (just like any other market) moreso when folks move away from Bitc0in. But what are the alternatives for a young savvy investor? I'm sure if it was TB's or the NSE young Nigerians were trooping to, you wouldn't call it ponzi...

Taking a look at the NSE, most of the older folks there have no idea they have been loosing money in real terms over the years. I've pointed out here that someone who just kept money in dollars 10years ago would have outperformed over 95% of NSE traders over the last decade.

We keep hearing FUGAZ as the posterboys of the NSE... Take a look at the FBNH monthly price chart for over 10 years (though likely bottomed) and tell me how an average person made money on it just in naira terms (let's leave devaluation first)? A 30 year old who bought $100 worth of FBNH in 2010-'11 at an average of 11 naira per share will have stocks worth less than $17 today (dividends aside- which are even more pitiable). Imagine the case of those who bought at 15 naira. Is that what you want a young Nigerian to invest his sweat in? A market where you're almost guaranteed to lose money?

I've personally gone through individual stocks on the NSE 30 for the last decade and beside a few, almost all are in a pitiable state. Compare that to stock prices of household US companies and you see the difference. That young Nigerians are leaving their local market to invest in the U.S stock market should tell you something. Money is like water, if old folks had made money in a market, new players will troop in.


Bitc0in on the other hand has been about the best performing asset of the last decade. If I was going to risk investing, I know where to belong.

If you want you young folks to troop into local investment options such as the NSE, then the narrative should be fixed.

Ibeme:
One is not clear of USDT risk until they start publishing audited accounts as mandated by New York AG. I believe they have to publish backing in Q2. People should also consider other stable coins which are audited such as USDC

Yeah... People should consider others too.. That said, usdt has the most liquidity and I doubt they'd have issues with regulation...
I believe the regulatory framework would help with confidence.
USDC, DAI, BUSD e.tc are equally good and also have good staking rates

Justcul:
Please does binance accept Nigeria address for account opening?

Yep... To the best of my knowledge

grossintel:
I did that a long time ago, Naira is worthless. I save all my money in USDT, that way it's pegged to dollar so even if I can't get dollar I know my money won't fall with naira. The rest is in Bitcoin.

The woes of the naira is one of the reasons most folks are in crypt0...
Looking at the naira/usdt chart, (taking away the spikes and recent cbn rally), even if you don't trade, keeping your income in usdt or stable coins means you'd have had at least 10% gain over the last 6 months due to devaluation.. with what Emiefele is doing, more of such are still on the way.

As far as we have such a significant difference between the office Naira exchange rate and the black market rate, the naira is guaranteed to decline... I made the decision not to keep savings in Naira once both rates started to diverge and its been a great one. When the rates come together, I'd rethink that decision.

Also, one can even decide to stake (flexible or locked-) their usdt which can give upto an additional 7% apy...

So in other words, you can be earning both ways without even trading.

Of course, having all your savings on an exchange comes with some risks too

This looks like something I want to ride to 1 (more appropriately 0.95 cos it'd likely be frontran)... Moreso with celr accelerating... Took half of my ada into it

Risk is that there's still some resistance to be cleared before 0.8 which may bring a significant pullback..

StrafordSTONES:
Hey boss, what do you think about Theta now(with the bullishness)?

Had shared thoughts on theta a while back when it was around 3 ish

Been in it since 3.5.. ( though I exited and re-entered) and took lil profits at 5... along the line, it seemed like it'd do the classic 4- 20 rally I've seen alot of coins do e.g link

Usually they rally from 3.5 to 8 ish, retrace to 6.5, take 8 and rally to 15, retrace to 12.5 ish, then finally take 15 and rally to 20.. pullback to 15 and have an exit pump to 19 ish....

So far, its followed that pattern and I'm still in it and in no hurry to pullout. With the current structure is difficult to say if its distributive or corrective..As far as it remains above 10, I see no cause for concern. Eitherway, in the coming days, it should go for 15 again, what happens then would determine my next move......
I see no need jumping from stuff to stuff

solreb:
$DOGE held its own during the dips with good support at 0.05. It is gradual creeping up. It is a hood play for an upside swing. $EGLD at this level is still a good play as the coin is reclaming lost ground with enough room to its ATH @ 214 reached in Feb. Also it is goid ti keep an eye on SFP the chart is looking good for a play.

Yeah... Noticed it with doge....
But then, I'm done playing coyns that are ranging... At this stage of the market, I don't think they're worth the opportunity cost....
I'm focusing more on the breakout crew and riding them for at least a 100% move... That way, I maximize momentum...
Eitherway, I got alerts on doge... anyday it breaks out, I'd likely get a fat bag

clems88:
its been so interesting after taking some days out to do research and watch youtube videos on EMAs , Resistance and supports. really made me enlightened. i things most folks here complaining and crying about loss always should do same .

Good stuff... Have you found it helpful?
I see alot of people researching coyns... While it's good for new projects (e.g robustness of team behind it e.t.c), I've not found it very helpful in trading.

I remember spending weeks researching and ended up buying xrp...lol
The crypt0 market is a classic market based largely on demand and supply (unlike the stock market). At the end of the day, most alyts will be worthless... So I just focus on what's in the charts and make the money

Fil looks to want to break out again after a classic ABC correction.... Lets see if it can flip the level and accelerate

jedisco:
Playing out so far...

Things I'm looking at now...

1. Yesterday's candle showed proper selling pressure with the long upside wick and showed the 21d ema is now proper resistance.. Even the pump with Elon musk's tweet was completely reversed... These are bearish signs and shows sellers are still in control... Makes me think we'd visit the 50ema at 50k sooner or later

2. There was a clean rejection at 57k... With quick downside... Once a trend is established, things can move very quickly moreso if its a downward trend as folks will rush to get out or in.

3. The 2nd pic is a weekly chart with the 8 week ema in green.. not shared it here before... On it, we can see that betece has been bouncing off this ema thru this rally. Its currently at 50k.
Also, there's a clear bearish divergence on the weekly (green arrows). Three higher highs in price and 3 lower lows in the RSI. Such can be quite powerful when they play out... Remember it's a weekly chart and they may take a while to play out.

4. With both ema's providing confluence at 50k, I'd be bidding betece around there. It may take a while but even if we're to reverse at this level, it'd need to be tested properly.

5. My concern is that there are major bearish signals... First, the breakout above 60k was the first time this rally (since 12k) betece broke out of a range and fell back into it... That showed exhaustion... Secondly, unlike with prior dips, this time, there's some space below the support 0f 50-52k. below 50k, the next major support levels are in the low 40's... This makes me fear a cascade.... One that can take us to the 40k zone

How I'm playing this;
We know alyts do well with confidence in the market... Most times, they start to rally when betece is above the 21 d ema.. I'm not rushing to alyts just yet... There'd be plenty of time to buy alyts if the trend changes. Im looking at much cheaper prises on them.
Also, when betece retraces, it's either too shallow or too deep and ends in a capitulation...
Below the 21d ema, I'm playing mainly betece or looking for stink bids on certain alyts... Remember the market is still overheated, a proper selloff will reset most charts to pre-January levels and set us up for a proper rally towards the second half of the year. Like I said, things can take weeks to fully materialise

If 52k holds long enough and we get a bounce today, I'd be looking for a reaction around 54.7k to know what next. That may be an area where folks may look to sell off their alys if they're worried of a steeper dip

Interesting playout..... Good news is 50k held eith a good bounce... Things are moving quite quickly..

What I'm seeing....

1. On the weekly chart (1st pic), there was a clean bounce off the 8 week ema (green line)

2. Even more interesting is the daily chart (2nd pic)... Yesterday's candle was an interesting one... A bullish engulfing that swallowed up bearish PA of 3 previous days.. Even better is that it closed above the 21d ema (yellow line currently at 54.5k)... Now all it has to do is flip this area into support and we are on our way to more enjoyment. Price action over the next few days is important...
Who else is noticing the similarly between this PA and the last dip (circled in blue)?

3. The sweet spot for alyts is when betece is ranging above the 21d ema... Confirming it as support at 54.5k is a huge ask.. one that'd cause huge move in alyts. No need rushing in without a plan yet... Buyers have responded, let's see what sellers do

4. The bearish rsi seems to have partly played out and there's now further room for an upside move and invalidation of the bearish rsi


As we've seen, the market is getting to a stage where it'd start moving more quickly and my plan for that is still same. I tend to take out as much clutter when looking at the market. In this trending market, using EMAs both on betece and alyts have been effective... I'd continue with that until we enter another phase...

My plan is still same...
1. Between 21d ema and previous betece ATH- playing alyts
2. Below 21 d ema- take profits and aim for the 50d/8week ema to scale in.
3. Below the 50d/8week ema, all out and look at the 21week ema
4. Lastly, above betece previous high, start scaling back into betece.


I'd talk about alyts I'm looking at later on...

jedisco:
I took scalps on ada and theta... Ada has done well against betece
Levels on ada have been distict for sometime now...1, 1.2 ada 1.4.

On theta, its ATH at 15 then we see what next. Reason is clear on the 4hr chart... (Though still developing)

Got my eyes on fil too... But waiting for a structure to confirm.

I also set bids at 50.2 k for betece but it didn't fill


Like I said, these are quick scalps...as I believe a bottom isn't confirmed... Still got majority of my portfolio in cash and I'm playing these strictly within range

Playing bounces can be nice when you have raw powder... Ranges are clear and before the market becomes too bullish, your targets are hit

Wouldn't lie, took some more trades in addition...

Xrp from 0.5, took half out at 0.55 (10%) and looking to let the rest run to 0.6...
Similar with ADA.... Took profits at 1.2.... may play a bounce to 1.4...

Fil was the sweet one... Got in at 90... Only ish is that I didn't get to add more after it broke ATH at 97... Still got my eyes on it though... Will reload if it comes to retest lower...

Theta and one still lagging.. hard to blame them after such a good run... If theta takes 15, then 20 could be hit quickly... Either way, a step at a time...

BTW, I'm already curating a shorter list of coyns I may play in the event betece confirms a bottom around 50k and bounces... The last play wasn't bad...
This time, criteria would be
1. Coyns with structure
2. Coins that have flipped significant highs and much less those that are ranging... i.e, the moon boys
So far, I'm watching FIL, Zil and LUNA... I

Let me address an issue that alot of people may be struggling with...

When new in this space, people get hung on trying to predict what the market will do next. Fact is no one can predict what the market will do in the next minute.. If there was an indicator that'd say with even 70% certainty what the price of betece will do next week, then we wouldn't have a market. You have a market cos folks are on both sides of the fence so no need getting annoyed when someone sees are bearish case when you are bullish..

I said it here before, that the most successful traders are right much less than 60% of the time... What determines who wins in the long-term is not necessarily based on who reads the charts best

When I came into this crypt0, I was so hung on who called the last move or who called the last pumped coin... Not so much anymore... Now, when I see any analysis, I'm interested in the reasoning behind it and at what point it'd be wrong. One should be able to consider both sides of the picture when looking at PA.. That's what helped my trading not looking for prophecies...

Finally, while understanding basic TA (at least support and resistance) is vital in this market, what is more important is having a tried and tested strategy built overtime. Also, they're equally important concepts often overlooked such understanding the market cycle, managing risk e.t.c... These will determine one's longevity here.

jedisco:
Alot of folks talking about expiration of options... Usually, when news is that widespread, it's either it's already priced in and prices continue as usual or its not and there's a huge cascade... Let's see what happens...

Options expired...market no send...
Usually, when everyone is talking about it, then it's already priced in

FASTCHOW:
Please someone should highlight in detail to newbies in how to differentiate the real p2p merchant from the fake ones please

I noticed an influx of scammers on binance p2p... They really need to sort it and put some limitations for sellers using p2p or perhaps show verified folks first .

To take out the trash, you can set your filter options to show only ads from verified merchants.. if you also select'only bank transfers' it'd also hide those selling airtime

sweetveek:
futures expires tomorrow how?

Alot of folks talking about expiration of options... Usually, when news is that widespread, it's either it's already priced in and prices continue as usual or its not and there's a huge cascade... Let's see what happens...

iampaulsmith:
Okay boss. If you can help us with some of these coins, abeg. Confidence no dey to buy any dip at this point.

I took scalps on ada and theta... Ada has done well against betece
Levels on ada have been distict for sometime now...1, 1.2 ada 1.4.

On theta, its ATH at 15 then we see what next. Reason is clear on the 4hr chart... (Though still developing)

Got my eyes on fil too... But waiting for a structure to confirm.

I also set bids at 50.2 k for betece but it didn't fill


Like I said, these are quick scalps...as I believe a bottom isn't confirmed... Still got majority of my portfolio in cash and I'm playing these strictly within range

Will wait for the close of a 4hr candle....
I'm seeing some potential juicy quick scalps....
Eith is showing some strength against betece... Perhaps a quick bounce on alyts...

I believe the bottom isn't yet in or confirmed, but I can make some cash while riding it... Obviously allocating a lil portion of my portfolio to this..

Tip is to look for coyns that have held well against betece... They're usually the first to move... Sell at resistance and sidon...

googlelove:
Thanks, I will wait then.

If you know trade levels, there's no harm in taking quick scalps... I'm preparing to take one soon... But if you want to buy and leave for a while, then a good advice will be to buy a proper pullback

googlelove:
Yes from my research I noticed many coins did x10 since December till this moment, but I was not interested in trying out crypt0 until last week. I want a coin that could do x10 over the course of a year, just want to drop like $1ok on it and go about doing other stuffs.

This is how I see it, if many coins have done x10 in 3 months, its likely the market is getting overextended and those who bought when it was cheap will be looking to take profits. Asking for another x10 immediately after is possible but what is more likely is buying other people's bags and seeing the market retrace
If I was the one, I'd be waiting for a proper market dip or confirmation of further uptrend before getting in

googlelove:
Boss, based on your analysis, kindly drop potential x10 coin. P.s. I know it is not a financial advice.

Potential x10 in how long?
Alot of coyns have done that over the past year...
Right now, I'm not looking for a coin that'd do that as it's not my trading style.
My focus of late has been to protect my profits so if betece has a proper dump, I can buy back coins when they're 90% down and not be trapped holding them.

I'd add that in this market, it's not really about being right or wrong... But finding a consistently profitable and tradable pattern that'd see you make profits and keep it in the long-term...

Secondly, no need trying to time the absolute tops and bottoms of rally's... IMO, it's the best way to get rekt..

Make a plan well in advance and follow it... Making money in this market is easy...the hard part is keeping it.

From posts here, it's clear a good number of people here started trading in the last 6 months and have not witnessed a proper betece correction... Same way the market has been in a brutal uptrend is same way it can have a brutal downtrend. Lets hope this dip isn't the start of a larger correction.... Either way, it's still a healthy one and we'd very likely see higher prices later on

jedisco:
Hmmm....

We eventually did revisit the lows and take out the liquidity at 53k.... Only issue is that we closed below the 21d ema 2 days ago and held it as resistance yesterday...
I made a plan and I'm sticking to it.. cut most of my positions and put stops on the rest e.g theta and tfuel... Will look to sell into a bounce today and see how the day closes. ... Over the past weeks, I made good money on alyts.... My focus now is keeping profits... One thing about trading alyts is getting a proper entry.

1. On the daily (first pic) betece lost the 21 ema 2 days ago and held it yesterday as resistance... The last time this happened, it a few days before the effect reverberated into alyts. Infact, most alyts rallied on the second day before reality hit. I'd be looking at 57-57.5k area and see how betece deals with it if it gets there

2. So far in this run, betece has been reversing at the 50d ema (maroon line), this time around, I would play it with caution...esp on alyts... Reason is that most folks are bidding 50-52k for a buy... The last two times, the majority were bidding lower than the 50ema. I've known betece to not satisfy the majority...either a shallow dip or a major dip....

3. Betece has had 6 straight strong months... January to March (so far) has been good. A proper selloff would usually come in any bullrun. So far, we've not had any. When it happens, I want to be ready... No matter how long it takes.

4. On the 4hrly chart (2nd pic), we're testing the 52-53k level for about the 3rd time after taking out previous stops... Perhaps, we see a bounce.

5. There's been news of institutional buying... There's still a bullish case. I'd start scaling into my preferred alyts if betece claims the 21ema as support. Before then, I'd be looking at select plays on certain alyts

Not financial advise but this is how I'm playing it until there's clarity in the market.

Playing out so far...

Things I'm looking at now...

1. Yesterday's candle showed proper selling pressure with the long upside wick and showed the 21d ema is now proper resistance.. Even the pump with Elon musk's tweet was completely reversed... These are bearish signs and shows sellers are still in control... Makes me think we'd visit the 50ema at 50k sooner or later

2. There was a clean rejection at 57k... With quick downside... Once a trend is established, things can move very quickly moreso if its a downward trend as folks will rush to get out or in.

3. The 2nd pic is a weekly chart with the 8 week ema in green.. not shared it here before... On it, we can see that betece has been bouncing off this ema thru this rally. Its currently at 50k.
Also, there's a clear bearish divergence on the weekly (green arrows). Three higher highs in price and 3 lower lows in the RSI. Such can be quite powerful when they play out... Remember it's a weekly chart and they may take a while to play out.

4. With both ema's providing confluence at 50k, I'd be bidding betece around there. It may take a while but even if we're to reverse at this level, it'd need to be tested properly.

5. My concern is that there are major bearish signals... First, the breakout above 60k was the first time this rally (since 12k) betece broke out of a range and fell back into it... That showed exhaustion... Secondly, unlike with prior dips, this time, there's some space below the support 0f 50-52k. below 50k, the next major support levels are in the low 40's... This makes me fear a cascade.... One that can take us to the 40k zone

How I'm playing this;
We know alyts do well with confidence in the market... Most times, they start to rally when betece is above the 21 d ema.. I'm not rushing to alyts just yet... There'd be plenty of time to buy alyts if the trend changes. Im looking at much cheaper prises on them.
Also, when betece retraces, it's either too shallow or too deep and ends in a capitulation...
Below the 21d ema, I'm playing mainly betece or looking for stink bids on certain alyts... Remember the market is still overheated, a proper selloff will reset most charts to pre-January levels and set us up for a proper rally towards the second half of the year. Like I said, things can take weeks to fully materialise

If 52k holds long enough and we get a bounce today, I'd be looking for a reaction around 54.7k to know what next. That may be an area where folks may look to sell off their alys if they're worried of a steeper dip

Ibime:
My unlisted coins aren't dipping for some reason except klv

Hehe... When such coins dip, na once e dey happen

Ibime:
lol. Make I go drop low bid. My buy order at 52 just triggered. I didn't even know stuff would drop so fast if not I would have cancelled the 52 order.

Make I go drop 44 order

Hehe... Its on certain alts I want to catch the knife......

With betece, I'd want a response first... Theta, link.
I'm also looking at alyts that are holding levels against betece... Either way, I'm in no hurry yet... Alyts do well when betece is above the 21d ema. There'd be opportunities to buy...

I'm either in stink low alyt bids, or betece...
Got some betece bid at low 50k... I believe the 50-52k level will hold for now at least.

Patiently waiting for the daily close...

Carnage....
Placed stink low bids just incase....

If we lose 52-50k, then we'd likely see low 40's relatively quick

I don't know if to ascribe this to ignorance or an eager blogger spreading cooked up stories.


The name of the condition is called vitiligo and it has nothing to do with lightning

XXLDICK:
Crypt0 analyzers, una dey try o.

What you guys do makes no sense to me except if you have much funds.

how can someone buy coins with huge market cap for about $200 and wait for like one week for 10% gain and repeat the same cycle. Una dey try. for me, I no get patience. I either buy low cap gems you call shitcoins and hodl or I buy new coins and hodl for few days. I do more of the later. I know how much my safemoon turned my $100 to and how much Safestar did too. I'm still hodling the safestar. I'm in so much profit already, I'll dump soon.

No high market cap gem will do x100 in one month for you.

I didn't join the crypto world early. I started February and I lost over a 100K to JulD, lost more to BAKE, SWGb and the likes. I was a newbie and I had to strategy.

I no get patience for Ada, BeTC, EiTH... I fit manage buy Omi, ERN, games chain.


na my way be this.

luckily, my strategy has restored all my money and still giving me more and more. I'm now more of a gambler than an investor.

before These coins get to CMC or Coingecko, I don buy am already and dump it on them.

if you get mind sha follow my way.

Of course there's time to play macros and time to play micros.... But time will come when you'd appreciate why large market caps are large market caps...

It's like asking heavy investors why they usually stick to betece when theta can do 150% in a week.
Na just one month you dey... With time, you go understand

iampaulsmith:
Nice one Chief, that played out well for me. VET & Tfuel were the biggest for me. Uni, Link & Dot dey test my patience level gaaaan but I dey anticipate sha.
Please do keep us in touch when you re re-evaluate your plan for the alyt rally. Thanks

You don't need to have the 3... Dot and uni look stronger... Two things are that dot us a large cap it wouldnt be as volatile as it takes more money to move....
Zil is another coyn that can run like theta

I'm out of most Alyts and waiting for the daily close to see what happens

EarlyCareer:
Good stuff Jedisco.

Seems like theta and tfuel no longer follow betc. Or what do you think? Theta did almost a 102% run up in the last 3 days. Even yesterday, when every coin was lagging due to Btc's drop, it sustained it's momentum.

I guess it is due to institutional buy (some silicon valley VCs) which was announced to theta network yesterday. Grayscale have since launched a trust for the token last month too. $50 does not look like a pipe dream anymore. 56/7% or more is currently stacked, correction will happen but not much.

They all do... They're just in a parabolic phase of a rally and being smaller caps, can move much quicker. Not necessarily institutional buying...most voyns follow certain patterns

Theta has gone from 3.5 to 15 in less than a month... I get sceptical when people start making further predictions for coyns that have pumped so much...(Remember doge to 1 dolls, bnb to 1000 e.t.c).
A few weeks ago, a 15 dolls theta would have seemed far fetched...now we have it... Could still rally much more higher, but it's sweeter to take profits on the way up

Tolu181:
This useless BNB thinks, is now big like Btc and Eth

It wouldn't rise unless Btc and Eth starts rising, seem binance is using style to keep it down.

Bnb is another example of why chasing greens and playing an alyt in consolidation/distribution can be stressful especially if you don't know support and resistance zones well.