₦airaland Forum

Jerry59:
Boss which app did you use for viewing this range of chart

The crypt0 fear and greed index is freely available online. Just google it.

For other charts, I use trading view

Hskyassociate:
Good afternoon all.....

If you want Everyday 5% drop to your .....

Good luck...

How much has dropped to your account and for how long have you been doing this?

money121:
Thanks so much for your patronage!!
For your next Roofing Project
Call/Whatsapp 08085310359

Do you do jobs in the North?... Abuja- Kaduna axis

lavylilly:
Quick question between crypt0 and stock which one pays more and is stable

Let say you invest

$100 -crypt0

$100- stock


After 2months which one do you feel will pay you more

After two months, you may be at a loss or breakeven in both. Both of them are not 'get rich quick' schemes. You have do study them, their past trends and step in at the right time.

There's a stock market and crypt0 discussion thread. You can follow them and ask your questions.

https://www.nairaland.com/6318352/crypto-currency-investors-thread/23#6318352.760

https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/6239

djoe21:
Buy, hodl and pray they win their court case. It is 50/50 but a risk that is worth taking.

To me, Hodl and exrp do not go together. It's the easiest way to get rekt. This is a coyn that has consistently performed much worse than betece and eith over the past several months and folks are saying hodl. It's like having the money but choosing to buy a land in Maiduguri instead of Ikoyi because land in Maiduguri is cheap. Good luck with that.

That said, it seems it's due a temporary reversal against betece and I'm targeting a move up to sell. I wouldn't advise someone new to go anywhere near exrp... I made that mistake and have learnt. Others don't need to make it.
In human nature folks are keen on being superman. They want to say I bought what others were fearful of. Hehehe....Trading is easy when we follow the basics

Nice views from all angles..

You guys can join the discussion thread and share ideas

https://www.nairaland.com/6318352/crypto-currency-investors-thread/23#6318352.760

Who else uses the cryptoo fear and greed index for confluence?
It's quite a new one but I've used it in the past to hood effect.

Looking at it, it's quite obvious, the 38-42 level is key... Above that level, we're good below it isnt nice. It had currently dropped to 40, testing it as support... Lets see how it plays with this level over the bext weeks

What's more interesting is that altys have held their levels on this drop

Yesterday's candle wasn't the best... What happens today/tomorrow is crucial for the coming weeks. I dont trade just on trendlines only but the way they can be respected is amazing. Later on, I'd share a trendline I've been following for months which is interesting and why I believe the botton is in/ almost in on this drop. If it goes much below this, then we'd be at the lows for sometime.

Technically, we've not broken 30k on the 4hr or daily yet. Inability to break that support meals a relief bounce at the very least would be due.

Although bulls haven't shown up considerably, but this drop was too slow for a trend reversal. It's such drops I panic sold into in my early days. When betece sells off, it's not thus merciful.

Also, this was similar to what happened at 20k a while back.

bradwilli:
i just found that now and i did go for a limit order when the price gets to a certain level. Thank you for this info but you can teach me more if there is pls

Go on YouTube and search for a video on 'how to place a limit order on binance' it's thesame concept that'd work on any exchange

bradwilli:
how do i avoid such fees or is there a way i can buy to avaoid that?

I'd explain a bit on liquidity. In traditional investing, it's defined as how long and at what cost it takes to convert an investment into cash.

Like someone said, you can excape paying extra, you have to place a limit order i.e place an order that is not at or below the market price. A market order buys at whatever price people are willing to sell even if it's lower or higher than the ideal price.
The issue with Luno is that the liquidity is low on the eith/ngn pair i.e number of orders on the table. So your limit order may take hours - days to execute in less volatile periods.

I used this to my advantage b4. On days of high volatility, I would market buy unbought limit orders on Luno and it'd be way cheaper. I can quickly transfer it to binance and sell at a good profit.

I added screenshots of executed orders on the eith/ngn pair on both luno nd binance and the eith/usd t pair on binance... Look at the time of execution and you'd see the concept of liquidity. What's sold on the usd t pair in one second is not sold on the ngn paur in one hour or even day.
It's for this reason I trade the usd t pair. I only trade ngn when I want to withdraw cash.

If you're buying small amounts, then the ngn pair may be easier to follow. If you're buying and selling huge, then I'd advise the usd t pair. To do this, you have to first convert your naira to usd t. Also, the ngn on its own keeps depreciating and having usd t as your reserve saves you from that

Ojemedad:
When is the best time to buy Btc, now that is falling or when it has climbed?

Do you want to buy when everyone is buying or when everyone is selling.
The market hardly gives the majority what they want.
You want to take profits b4 the market turns

You want buy significant dips. Knowing which dip is significant is tricky.

The reason why I'm advising folks already in not to panic sell now is cos theyre likely to buy higher cos even if it drops to 20k, they'd be waiting for 16k.

BabaGrinz:
Oga..if I no de do am I won't be talking abt it and beside I can't even remember d last time I actually really bought BTC ..well every man with e own cutlass..weytin work 4 u no mean say e go work 4 d next man...all I'm sayin here na just idea
#peace

If you've seen the idea is sensi8and profitable then share how you went about it so others can learn

I'd say one lesson today has reminded us is the principle of averaging in.

As a trader in this market, it's not advisable to go all in at once... If you're looking at a long term trade, get in slowly... For example, if I've been looking at getting into betece on a pullback, I'd start averaging in at 31k, keep some for 30k and some for 28k (if we get it). And also have some in hand

luvlyoracle:
well....we learn everyday..
What do u suggest i do at this point?
You think they would still recoup on a long term?

Long term is too far sef... Nothing is certain but don't be surprised you'd be chilling soon... This drop is quite good for alts... They performed better than betece on the drop and should rebounce harder on the way up....

On a good day, when betece drops 10%, alts drop by 40% or more..

I've traded this market to an extent that sometimes, it's not hard to know what betece may do next...

Betece major sell offs are usually swift. Whales take profit, market sell in hundreds of millions and it dumps.. it rarely gives folks time to sell.. The market is never thus merciful in a proper sell off

Same also when betece tries to break a resistance unsuccessfully for a day or two, it usually retaces...

Just a trend I've noticed and traded successfully

When betece starts going down very slowly, a good number of times it rebounces within the range...
The bottom of this range is around 27-28k, don't be surprised we may not go below 30k before bouncing towards the range high I expect bulls to show up soon... I'm waiting for the daily close to see.....

luvlyoracle:
bought at 0.65

Hehe... I don't buy coins that have done more than 10-20% in a week unless on special occasions.

It's on days like this, I look at averaging in

condomuser:
Just read this on coindesk, some of these comments are hard truth.

Let us be guided, some if not all of the heavy investors in bitcoin are hedging against a potential crash.

The way folks flip bias in this market is interesting. Betece has not made a lower low yet and folks are confidently calling the top.

If it pumps next week, they'd start mentioning 100k...
This market usually goes against the majority

BabaGrinz:
Na wa oo.....i've been reading thru the comments on this thread and I've come to understand that the only way most of u guys earn
#Peace

Can I ask... Which of these means have you tried and how successful has it been?

condomuser:
Quite a loss, beetcoins is at 31k now, the inauguration of Biden has put confidence back for investors who trusted bitcoin as a safe haven, they are now pulling back on bitcoin to put money into real assets.
You could cut your loss now or put your coins under your cupboard.

Hehe... Not advisable to flip bias from morning to evening

NairalandNurse:
On luno, my BTC keeps dropping. From #105500 to #92,000. Please what do you advise me to do.

I need money by Sunday morning.

Hehehe... We're realy in a bull run

luvlyoracle:
Atom
Ren
ADA
Dot
Link
Bought when Btc was 36k plus

Hehe... At how much did you buy ren?

condomuser:
Has anyone withdrawn funds from Binance into their personal bank account, how long does it take from making request on Binance platform to being credited in your Nigerian or foreign bank account?

Can be quick in less than 5 mins or sometimes upto 24hrs. Bundle is quicker. Usually less than 5 mins

Umarzy:
Next gem- DYOR

Folks be careful with these...

bradwilli:
I bought E th from luno now and 12k was deducted as their fee. I don tire. How can i buy without them taking this exorbitant fees plss

Luno cahrges you a taker fee when you market buy. This further affects their liquidity on the Eithy peer as folks don't buy quickly.

I wonder why folks keep complaining about Luno when u can switch to others

Enyinne:
Thanks . On binance , i don't know how to make the account start working. And on luno my limit is 200k , pls what do i do to increase deposit amount . Thanks

On luno, you have to increase your verification level. Same thing with binance I think.

They both would ask you for some documents

elmas:
Sirs in the house should we agree that one can buy liink, dot, Ada, aave for a long time?? Let's say 3 months, is it possible to know the time frame?? because I just read where someone who started with a 300k capital is at a loss now

Thanks a lot

Cc jedisco

Hehehe... You guys are asking to take responsibility for something outta my control.

In this market, you can lose and loose heavy.. Those who margin trade can even wipe out their account in seconds...

The best way to profit here is to learn the ropes, plan your trade, trade your plan and manage risk

aliadi2:
Hello jedisco how were you able to bring out the chart you showed above for 5 years on binance . i keep trying but all it keeps show is 1 month back

It depends on the timeframe you select. This is not on Binance though... If it's only showing you for a month, it's likely youre on the 4hrly time frame. If you switch to the weekly chart, it'd show u for a longer period. If on a computer, the size of your screen matters

luvlyoracle:
So this coins you mentioned, you advice we get them At this point bah...also is ADA a good buy

Hehehe... It's not financial advise... Can go both ways... just sharing tips on coins I'm following which can be a guide for some.
I wouldn't advise anyone to blindly follow other people's trades

Enyinne:
Pls trading on binance , Remitano and luno which is best , pls advise.
Meanwhile i hv luno currently running but binance acct am stocked. How do I create account with binance too. Thanks for responding

There are lots of exchanges and I advise people to use one that works for them.

Remitano is mainly a p2p platform (person to person) and I haven't used it though I have an account there.
I've put up my thoughts on three exchanges- Binance, Luno and Bundle. Binance has liquidity, cheap fees, lots of offerings and has been around for long.

Where are you stuck on your binance account?

FlyHeight:
In my opinion no one should buy rip and forget it or hold it too much, I trade it daily sha, and it’s been very good to me, but I do mine based on any 1-3 Naira increase in price which always happens at least twice daily, this morning I work up to a pleasant surprise from rip and eith

I buy and dump my rip within hours doe never sat on it for 24 hrs

If it's profitable for you why not.... most new folks here will not have that skill

2 secrets to learn are patience and timing will attach 2 posts I made early late December when everyone thought altys were dead. Looking back, that was a fantastic time to enter and it was so obvious.

I got into dot around this time and it's done x4.5, I've taken huge profits and moved to something else.

A few pages back, I gave a simple advice on trading this market which is working for me. Target coyns flipping ATH. Not very often do you get lots doing that. If you trade you'd know how difficult it is gor a sensible coyn to break ATH.

I mentioned 3 offerings Link, Ren, Aave..

When I said that, Ren was at 0.6 now its approaching 0.8... Thats 33% in a week... I'd start taking profits on it soon, buy back cheaper and wait for round 2. Such bid moves come in 2-3 waves...

Link has given ample opportunity at the 20 level... When it moves, it wouldn't look back. That's when folks will be asking can I buy link after its done 100%

For Aave, I got in at 105 and rode it to 200... I'm expecting 300 from it... You can get in for second half

I'd add Atom as a bonus... It's retracing. If you get it at anything between 7.1-8, dont blink

Of course, all these are dependent on betece holding.. once it corrects, everything does thats why it's good to be in good projects so you dont keep holding forever.

Folks have taken position. In the near future people would start looking to jump into what has moved

jedisco:
Not expecting anything close to those numbers although we're seeing some staggering candles already. The market flows in cycles irrespective of where fresh money is coming in from. Of course the king will outperform the rest in the long run. But usually, there's a 3-6 month cycle of dominance between btz and others... Once many think one group is dead that when it wakes up. The mistake most make is jumping from one top to another top.

Funny enough, all the noise goes to btz but eithy has outperformed btz since the March crash and is likely to perform even better over the next weeks. I'm looking at majors first. My concern is that a significant pullback can happen at any point

jedisco:
To add to this, for those who trade, it's good to know what you're good at...

Are you a day trader, a swing trader or a HTF trader?... I usually prefer to trade the high time frame and I'm less concerned about daily movements. I believe it's in major movements that most money is made or lost. Truth be said, betece usually gives 2-3 of such major moves a year.

Betece has been running the party for almost 3 months now. I believe over the next two months, the major money will move to altz.. That's how the market cycles. I might be wrong but thats how I playing it. Selling your altz into betece now may not be advisable. Its like selling the bottom ti buy the top. I've made such errors in the past and lost out on both ends

Take a step back and see that betece has crossed all time high... It's likely others will make good moves.
With altz, entry and exit is everything... 20k to 28k on betece is a 40% move... When the time is ripe, some altz will give double that percentage in weeks... Already some have printed delicious candles. Just remember to take profits along tge way cos the volatility will be huge too.

I see alot of new traders eager on exrp and I'm going to give a very simple illustration.

In this market, you want to analyse others mistakes and learn from it.

New traders see it as being cheap as against the big coyns. Moreso its in top 10 and they can own lots of it. Hehe... I made that mistake too...

I attached a simple monthly chart of exrp against betece for the past 3 years and the trend is very clear... Lower highs and lower lows. Continuous downtrend. Thats not what you want to be in. If you want to trade an alyt, trade one showing strength against betece or eith or youre better off sticking to those two.

The reason I'm saying this is cos it's a bull market. Everyone will make money now but it's the lessons you learn that mean gou dont lose it all afterwards...

That said, I have a good amount or exrp on ehich I've made good money on but there are much better products out there

Understand that altys are speculative and have little or no inherent value. It's a bit better now cos of stable coyns. Before, people only used altys to increase their betece. New money usually comes through betece and that's why it's the safest place for a new trader.

When betwce corrects, all others correct too whether they pumped or not. You dont want to chase green candles, but you also want to be in the beat performing assets.

Dont be surprised that most of the top 10 altys this run will be far down in the next. Thats how the altys market is.