Jedisco's Posts
Nairaland Forum › Jedisco's Profile › Jedisco's Posts
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BabaGrinz:Scam... Avoid this... It's people like you that give this industry a bad name |
Nice thread... Just noticed it... Been part of one before... Hope the mods wouldn't lock this up |
Seems antispambot is hiding posts anyhow... Some posts are automatically hidden once some words are included.. thats why I use betece, eithy , creetow, e.t.c.. Oga Seun no dey joke |
Akin3891:That's strange... Just tried it and it shows you could deposit Naira for fee of 150... They'd provide you a bank account to pay into. Withdrawals of fiat have to be into a bank account in your name. As someone mentioned, p2p on binance is another option. Here you buy from someone local at a fixed price. Binance acts as the middle man. But I'd say a direct deposit is less of a hassle For 5 years, the future may give better buying opportunities... Very likely in 5 years, the value would be much more higher and it would not matter much if you bought at this level or a little below. You may get much better prices to buy for long term keeps in the coming months and years. The dilemma is that if this run follows the momentum of previous runs we've had (which it surprisingly seems to be doing) then the 20-30k level may not be seen. That's a bold claim to make even for me but if you look at when bitece broke previous ATH's in the past that range was rarely revisited again. It's a market that respects history... Let's see how this goes Like I said, it's a dilemma... nothing is certain and you don't want you buy the top of a run. But I'd say based on technicals, anything between 20-30k now should be a good buy.
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Akin3891:It's surprising most guys dont use known exchanges here... That's where the whales are... Folks buying hundreds of betece per sec. You can deposit via bank transfer on binance and they use a standalone payment portal which is relatively fast. It's not the best to buy large amts at once though. I prefer to average in with time. |
Comeandcollect:I have no idea what this blockchain wallet is. Did a quick search and it seems like an online wallet.. If you're buying for the first time, it's much easier, cheaper and less of a hassle to buy on exchanges. We have mentioned a few here on which you can easily sign up in Nigeria and pay in naira. I'd advise you use those. Also, as an advise, moreso if you plan on buying much, it's better to open a completely new email account for it. One which you wouldn't be using for other online activities. |
1kinggy:Went bigly into some altys thjs last dip.. followed most with a stop loss. The beauty of a bull market is when you buy a proper dip, within a short time, your portfolio go dey make u smile.... It betece can get above the 42k level, then I expect Eithy to break its ATH with good volume. Once Eithy does that, it could hold up the market on it own while it accelerates |
1kinggy:Good you were able to get in again... But that's the dilemma in putting your stoploss too low. 30k betece seems to have held with insane volume. I was hoping for a wick to 28k this time but didn't get it. I'm still waiting for how today and tomorrow plays out. We may be forming a floor. Getting above 43k is a battle for now. But once it does that, another leg up should ensue. Either way, I'm well loaded in certain altys. This selloff should give them a good breather to run. I just hope betece ranges a bit before another big move. As expected, a good number have got back to levels they were before the selloff and some are already approaching previous all time highs. I'm using a stop loss this time and al least until next week until there's good clarity on the market. |
OgogoroFreak:It has it's first major 20-30% pullback in a bull run and you're looking for lower numbers. Most folks will end up buying higher than they sold. I hoped for a wick to 28,000 but barely got 30k. I will look for what today offers... If 30k still holds today (I doubt we'd see it.. perhaps 32-33k) then 50-60k may come faster than we all think. |
1kinggy:You see what I told you about bull markets and stoploss hunts... You put your stoploss too low, you may end up selling the bottom of a pullback. Font be surprised you buy higher if you sold at 1k. Risk management can be tricky so I don't bother too much about stop losses on spot once I have a good entry In a bull market, I like days like this... It's a loading opportunity. We've just had our first major pullback. More will still come and be bought up. That will continue to drive the euphoria until we get a blow off top and most folks will think its a pull back. The selloff today was do obvious price was being supressed. Betece selloffs are not this gentle... For those in altys, this is a blessing... I expect some retest of support again today and before the end of the week, most should be above what they started the week with. Already a good number of them are outperforming Eith which is a marker that we may see some crazy percentage pumps in the next few weeks. |
pizapato:I don't see it as a payout per se. It's a store of value which can be easily and instantaneously transacted across borders... Similar to purchasing gold just more convenient... You buy believing it'd grow in value over time and you can sell at a profit. When you sell, the only options I know now would be into cash or into other equivalent assets. Things may change in future. Also, it's worth nothing that when we use dollars, its just for uniformity in tracking the price. Not that it's tagged to dollars or any currency per se. For hardware wallets, your best source of purchase would be online and its best to purchase directly from companies involved.. There are quite a number. Some pricey, some are cheaper. One example is trezor |
1kinggy:Not everyone would have that discipline. The most important thing is to manage risk... I do that using several means. I use S/L sometimes but most times, I take stuff off the table when I see fit. I already set a target for what I'd use profits on and fetch on the way up. If you're margin trading actively managing risk is key, but for spot, I don't always use S/L depending on market conditions. Most times they're 'hunted' and stopped out before a significant move. I trade on the higher time frames and once the conditions are right, I let my stuff ride the tide. |
EarlyCareer:Lol... There's always a narrative driving every run.... On this it's the halvening, stable coyns, institutional adoption e.t.c driving it. Let's see how far it goes. My simple advice would be to stick to your strategy... If possible write it down. Cos if altys run, the mistake most would make is that after weeks of watching and getting greedy, they finally sell their betece to buy them which is usually at their tops. It's the easiest way of blowing your account. |
EarlyCareer:I'd say what matters is sticking to a profitable strategy. Fact is they all have no 'real' product including fiat (naira, dollar...) What makes it a currency is that people are willing to exchange it for goods and they have become universal You're right in a way. Betece would outperform all others in the long run. New money comes into it. But then, my knowledge of the market means that knowing how the cycles run, I can accumulate more betece if I time certain moves. This strategy is more difficult that's why I advise new folks to stick to betece. If by last year you mean late 2020, I wouldn't call buying at that time early. You bought at the beginning of a parabola. Whether looking at years or not, we're all in it for the value and I'd advise you take some profits soon. If history repeats itself (which usually happens), some of the numbers we may see this year may not be seen for the next several years. Trust me, you don't want to ride a bull market to the top and ride it back down into a bear one. Definitely not this one. There's a reason why folks who were burnt in 2017 still have the PTSD. |
EarlyCareer:This last year gace us lots of immense buying opportunities. First was at 2k, 2nd on the retest of 10k as support and the last was the break of 20k. Looking back, yhese entries would seems so obvious but when at the time, people screamed for much lower. I can't give targets but my advice is that it's much easier to take profits on the way up. No one knows how high it'd go. The question is what was your target when you bought? Also, what was your entry level? This would be a good time for smart folks who got in earlier to take some profits. If the retrace comes, youre well armed with fiat to benefit IMO, the best way to acquire beetece now is to wait for a shift in market momentum... If there's a dip, I'd pick some select altys who seem bound to break their ATH or if eithy breaks ATH, I'd go in... For now the reward seems to be tilting towards altys if played properly. Few weeks ago most people would have seen 40k as a God sent sell opportunity. Now we're at it, they're aiming for 50k. That's human greed in action- a money killer. Such folks may still end up at a loss even if it goes to 200k To trade this market, you have to master your emotion. Feel no remorse when you sell and it pumps higher. Just know trying to time the absolute tops and bottoms is the best way of loosing all. It's difficult making targets in a bull run. The reason it's called a parabola is cos it blows people's expectation. It's already doing that. Take for example when link broke ATH this year... It went from 5 to 9.5 dollars. Most folks who had been holding emptied their bags thinking they had sold the top. It retraced to 6 and pushed up to 14.. Hehe... The move shocked most people. It then retraced briefly to 12.5 and pushed up to 20. During it's final push, some folks who sold at 9 bought back expecting it to ho to 30.. Of course it sold off at 20. |
stevemims:Examples I'd give are Lun0, B1nance, Bundle... They all have apps on the mobile app stores which are quite robust. For a new entrants, I'd say Bundle is the easiest to use and payout to your bank account in naira is pretty fast. It works off B1nance in a way which gives added liquidity but makes the process pretty smooth. Also their fees are not soo high. B1nance is pretty much the most robust and liquid one there. Has a 'lite' mode as the trading features can get new folks confused. Its also the cheapest interms of trading fees. Lun0 has been available the longest in Nigeria but their fees are relatively the highest and the unavailability of a stable coyn (one priced against the dollar whose price doesn't fluctuate) there makes it less favourable. Also, there's much less liquidity there which can be tiring. That said, it's not advisable to keep your coyns on exchanges for a long time. Exchanges are like a market place where people come to buy and sell. If keeping for long, it's advisable to get a secure private wallet (preferably hardware) where you can transfer coyns to after buying off exchanges and transfer them back when you need to sell. Most hardware wallets are about the size of a hard drive and can hold an almost infinite value of coyns in your pocket. |
Comeandcollect:Just like @einsteine said above, I will add 2 things... 1. Just like most international traded commodities/securities suvh as gold, silver, oil e.t.c most folks who trade it follow it's value in dollars for uniformity. It's value in naira or any local currency would be a based on the dollar value of the assest and how that currency converts to the dolar at any given time. For example, if one unit is 42000 dollars, it's value in naira is = 42000x 470 (exchange rate). We know that the exchange rate of the naira is all over the place so following the value in naira also has that extra volatility. Now, to what I believe is confusing you. One b1tco1n can be divided into much smaller units. So if the value of one is 20million naira, and you buy a sum of 1 million, what youre buying is 0.05 b1tco1n. 2. I wouldn't absolutely stay off buying anything from nairaland. There are regulated and safe exchanges which are readily available. What you may be sold here may just be nothing |
1kinggy:Hehe... I wouldn't talk in absolutes even though it's likely a parabola is approaching... This market moves quickly. A drop below 1000 is just 15-20% below... That can easily be achieved in 15 mins. It's a volatile market. It just broke out of the 600-700 resistance cluster. A retest of that zone as support would still be bullish except if it fails. It's not every week a major moves 60-70% Barely 2 weeks ago, 1000 for it would have seemed like a tall ask and most thought a1ts were dead. I remember telling someone here that the market flows in circles and a1ts would have their time. When the general sentiment is strongly in one direction, that's usually when the market turns whether at tops or bottoms. It's a bull market and so dips will be bought up quickly until a blow-off top. This market usually repeats history quite well and we can learn alot by looking back. In past bull runs, there are usually steep retracements and even steeper buy ups. So far, we've not seen any significant one. A pullback should come, most folks would get scared and panic sell thinking that was the top, then it'd start rising and they'd buy back higher than they sold. It may repeat that until folks become so lax such that when the real blow-offf top happens, most will still be confident it'd retrace and they'd keep holding until they loose all their profits... Ask the class of 2017 how that felt. |
@house Whats the average cost difference between long span, step-tile and stone-coated roofing all thigs being equal? Im looking at 0.55mm... Considering the cost of wood and roofing tiles and workmanship are we looking at x2 of the cost of longspan or step-tile. I know there'd be some added variability based on the brand but what's the baseline difference on the average? |
OgogoroFreak:This move has left everyone in awe... The funny thing is that certain fundamental metrics seem to point towards more upside eventually but a pullback may be in the offing. What's more scary is E1TH... It seems like only a matter of time before it also breaks it's all thime high... And in this market once a major does that, 100% is almost guaranteed.... I've got fiat aside waiting patiently, if it pullsback to around 600-700, I'd take it otherwise, I'd get in on the break of all-time high and ride it to 3k at least. What I'm still struggling with is what it's little brothers will do if it doubles its value. Already, we've had a sneak peak of that this week and a good number seem to be creeping towards their all time high too.....seems 2017 may repeat itself. I'm treading carefully so I don't give back profits made... This market is scary. |
jobark:It's just about being smart. Most people fail to understand is that a ponzi scheme is set up to defraud. At the end of the day, it's the organisers that win. A good number trapped knew it was ponzi but their plan was to get in and out before it collapses. Take for example I trap 20 mice in a box and put a door that can only allow 2 of them escape before the rest are killed. It doesn't matter the calculation of the trapped mice ir how smart they are, at the end of the day, 18 must die.... That's the game. People need to start seeing ponzi from the eyes of the owners and they'd stop trying to outsmart someone who determines who's money is taken. Once they see their balance books get to a tipping point, they vamoose |
highcurrent:Truth be said, we're in a parabola and no one can time the top. So far, betece is accelerating at similar rates to its previous bull runs... If that continues then there'd definitely be a good extension that will leave people wondering what's going on... I remember when link went from 4 to 20.... There's a reason its called a bull run |
afroxyz:Whether betece dumps or not, one thing is clear. The money that has flown into betece will circulate... Las las, oil go reach everybody hand... Just know when to wash hand mk u dey hold plate las las. Same also, it's a bull run... Don't trade it like a bear market... |
janga: jedisco:@janga remember this? Playing out perfectly Most important thing is patience and knowing what timeframe the market is in. If you think Eithys move yesterday and today was something else, then grab a sit and see what it's junior brethren would do. Beetece has moved, Eithy (including some majors) have moved, mid caps to low caps will start causing wahala. This market flows in a circle. Still scared of a rapid dump though... But recovery should be quick |
All these sponsored posts on NL are becoming annoying. I'm not against them but they should be flagged as sponsored so I do not bother opening them. It seems most groups who want front-page publicity have to contact @gleesmodel or bleedingpen to facilitate that. @topic, this is a single-use disposable mask which ideally should not be reused after removal, meals, and use is for a few hours. Except this distribution would be done at least daily at designated points, regular cloth masks which are washable is the sensible thing to do.. Well it seems the organizers are more concerned about the pictures than doing something sensible |
dongc:With nkwobi I believe? I believe lessons have been learned and other people would appropriately word their statements and hopefully their views too. That's the main essense of the talk. |
diordaves:The post you referenced was one the young man had edited. I have quoted his original post. Look at those who replied him earlier and you'd see the difference. davodyguy:This issue has dragged on for a reason. But then it's surprising some folks don't see nothing wrong with certain statements. A very good way of checking if a statement is discriminatory is by inserting a word that describes your person and see if it still hurts. From his initial post, I'd give certain examples with blank spaces. Fill them in with a personal word and see if it's right. E.g I know all races have people of low IQ but we need to be weary of ____ race I know all Nigerian ethnicities have ugly people but we need to be weary of ______ I know all Nigerian ethincities have poorly trained youths but we need to be weary of ____ You can go on and on. How anyone can justify such statement is truly surprising. Of course he cheekily did not name an ethnicity but even a 3 year old knows what he meant. If folks did not quickly stand up to that statement, some others would have been happy to cherry pick more examples to paint people of that ethnicity in a bad light. What's more annoying is when you call out such statements, people defend their stance by saying I have bought goods from someone from that ethnicity therefore I'm not a tribalist. Or my cook is from that ethnicity therefore I'm not a tribalist. Sounds familiar? Even Shekau can give such examples to excuse terrorism. Abroad where he says he's coming from, if such statements are made in reference to him as a Nigerian or a black man, he would rightly regard it as racial profiling or racism. But the little man is here playing ostrich. There's a difference between being matured and being a baby. I don't need an apology but if he saw the need to edit his post, that means he knows he erred. Maturity is being a bigger man and owning up to ones faults. We all make mistakes. My point is simple- what's wrong is wrong and there's no excusing it. You were duped by one person does not mean you drag a whole ethnicity into it. |
afroxyz:Yeah... It's good to diversify but also not be jack of all trade and master of none. They both follow similar principles but creptow relies mainly on demand and supply, price action and better respects technical analysis. For passive income I look other ways except I see a very good opportunity. For now, I cant combine both so I stick to the one I know well. The U.S stocks this year has been just as volatile as the creptow market we're used to. Most of the stocks rose on the back of speculation. Also, with countries printing lots of cash out of no where and ease of access to trade US stocks internationally, we see where the rise has come from. I still think its largely inflated now though but markets can stay that way for a long time. Those percentages are scary to be honest especially if not backed by fundamentals. In Nigeria today, it even seems easier for the layman to trade creptow than trade stocks. Numerous exchanges advertise on NL, numerous resources exist online to teach new folks and same fundamental driving price is equivalent worldwide. The bull run we're experiencing in creptow now took 3-4 years to cook |
DexterousOne:I agree with you on the NSE. The devaluation and the fact that it's getting easier to trade foreign stocks has also contributed. You can easily buy stock of U.S companies now. Also, with CBN cutting the TB rates, the growth in our stock market should continue. If it continues being profitable, moreso to the lay man who just wants to buy and hold, overtime, people will begin to troop in. It's those willing to buy and hold that really gives a market it's base. |
afroxyz:They're good at what they do... I'm looking in the direction of some stocks to hold for a long time... The volatility of the crptow market makes the generally slower moving stock market look boring. That said, volatility comes with more risks too. |
afroxyz:Not bad if by next quarter you mean January ish... If you got into betece early, you have some good profits already. I didn't own much of betece though. The thing with altz is that they can reverse months of downtrend against betece in a short time. Don't be surprised betecee ranges between 20-30k while eithy can double its value in that time. Once it crosses the 820-900 resistance cluster, na waka be that. Definitely after this run will come a correction... Don't want to be holding anything then moreso altz |
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