₦airaland Forum

nittly:
Good day everyone!!!
please I want to invest in bitcoin cash "bch" is it safe to invest on it, and also the 4% interest is weekly or monthly is be added to it

Over the past year it's not been among the more profitable options.. It's gone on a run recently and would likely move more given that everything is popping but I'm not interested. IMO others like link, ethy, lite have more reward.

I don't know where you got the 4% from but anybody promising that is likely just interested in scamming you

This run is so easy nd most folks would loose their portfolio chasing pumps...

My advise for new folks is simple...
Betece has gone on a run since 10k
It's ranging... Generally, Majors move first follow by mid and small caps
Bitece is king and will outperform almost all others in the long run so dont get carried away. But knowing when the market shifts means you can multiply ur portfolio value.
Eithy controls all altys and usually outperforms all of them in the long run. Don't forget that. Whenever you want to get married to anyone, chart it against bitece or eithy and see how it's performed over the past years... It helps people know what to stick to. The movement this week is based on Eithys movement a last week

Now my play is simple...

Eithy seems to be consolidating to break ATH....8f it does that with volume, I expect to accelerate in the following weeks... When it accelerates that way, it can hold up the market.... While it accelerates, other altys may be relatively calm...
Once it calms down, they'd start poppin.. they'd pop so much that folks will forget eithy and bitece until those take over via a dump or pump again...

My play now is simple...

Got into band at 6
YFI at 24,009
Algo on a flip of 0.4
Iite since 100
Eithy since 350 added at 550
Ren since 0.3
Sxp since 0.82

And a few others... My take profit levels are marshalled out and of course a moon bag will be kept... I always want to have fire power to add on dips in a bull run

TheEnlightenedO:
I swear it has been a truly amazing run, and if you got in at 4.5, it means you were one of few that saw the light cuz a lot of folks jumped off around that time...

And nothing is more delightful than making triple your money by yourself with so much as no stress at all...

Those guys at buy daily at the top only do so because they notice an upward trend and want to jump on the wagon, once they do and the price flunctuates they panic and dump immediately, and then when they see it’s rising and they jump back on. They need to set targets, if I have 100k and my target for today is 3%, once I make 103k I am out till it drops below the price I initially bought in at or till very early the next morning btw 3-6, and then I monitor or set price alerts for when it hits my next target, I always try to stay within 1-3% daily, even for my losses

My plan was to take profits at 6.2 which was it's ATH and reload on a dip.. but it's response at that level showed me it'd go higher so I let it run.

Yeah.. it's good to set targets.. but in an altys season, the concern can be selling too early..

For example, I set most of my link to sell at 19.8... I was expecting a pullback.. now I am looking for a reentry

I'd add that this is a bull amrket and it's very easy to trade it.

I got into aave when it broke its previous ATH at 95 and it's doubled...

Look for coins less talked about that are about to or just broke their ATH... In current market conditions, they'd likely double or triple once they do that.

Link for example had done that and currently consolidating above 20... Ive been in it since 9.5. usually, I wouldn't advise anyone to buy a coin that has done 11% in a day or 40% in a week... But on link now, dips are for buying... I wouldn't be shocked it gets to 50-60 in a short time.

For pdot, I suspect it's getting to a local top... I used links last run as a guide as ut seems to be following that... Anything from 19, I'd be taking profits and wait for a dip or switch to eithy..

Fact is eithy would outperform all altys in the long run... That's what most folks forget and are carried away with fast pumps

TheEnlightenedO:
Oh yeah it’s been extremely profitable for me because I hardly lose, whenever the tide is low, I liquidate and when there is any slight spike I trade regardless how small a spike it is, I make an average of 0.5% daily and it has greatly boosted my portfolio... Reduces risk of panic sale

Good for you then... If u have a profitable strategy, then stuck to it...

I plan to triple my portfolio this run and that should be good profit for me

Ryan03:
how long do you hodl and what is the highest profit you've made?

I buy low, when I'm relatively sure there's been a shift in market trend... And let it ride till I sense a run is becoming exhausted... That way I'm not to concerned about daily fluctuations.

I've noticed a good number of folks who trade daily end up buyind tge top and selling the bottom

In the last run, I held link from below 4 to 13... That was tripple.

This run has been more delightful..
I got into pdot around 4.5 and I'm still in it.. added at 9.5

I'm targeting 19-20 to take most off tge table... I would keep some in fiat and swithch the reat to eithy...

The boss will run and I dont want to miss it

FlyHeight:
This period is a bad time if you’re looking long term, you should have waited till this craze is over before doing long term, this is the phase for day traders, where you buy in at a particular price and sell at slightly higher than that price you bought at so you take your small profit and if you choose to re-enter at a price lower than the price you sold at and on and on. For a new entry I’d have suggested Ripple, Litecoin or even Polkadot, and I’d suggest you try to trade daily, even if the price is dropping you can sell at 1% under what you bought it at, and buy back in at a lower price, you would have more in coin value than you had before and this will help the moment the market price rises to the original reference point where you originally bought in at or even rises past that, you’d be able to make what you lost and some...

But I’d have suggested you trade Ripple with your 300k or even Litecoin, with Litecoin you can buy in today at 67k and I guarantee you by Monday the price is back up to 72-74k ( I guarantee average of 4k increase bad as e bad by monday on each LTC ); do the math... it’s easier to see profits with the lower coins when you’re trading smaller sums... It’s people trading in block with BTC that are making profits currently...

I am not just talking by the way, I just no sabi teach, but I have been trading for over 3 years and I’ve made millions doing it, still doing so in fact...

Hmmm...
If it's profitable for you, then no probs...

Stats say that most 'traders' moreso low tike frame traders loose money.. To day trade successfully, one had to master the art. Most newbies may not be able to.

I trade more on the higher time frames as I believe that's where all the money is made or lost

nazzyon:
Free new currency guys

Here is my referral link for BEE Network.

Get 1 free BEE when you join Download at https://bee.games/download.html

You need to use code “nazzyon” to join the app

This is in the very early stages guys so get on asap & invite all your friends with your own invite code

Then just open app each day to start mining

Another scam. You guys are annoying

BabaGrinz:
crypto currency exchanges is gaining more and more popularity around the world. Today it is one of the most profitable and promising types of internet - earnings. However, it requires a lot of knowledge, experience and involves rather high risks.
It is especially risky to buy / sell cryptocurrencies on your own, without proper experience and knowledge in this area.
The URANIUM investment platform helps beginners, as well as already experienced investors and traders, to receive a consistently high income of 3% per day with minimal investment and no risks. What are you waiting for ..its never too late to start

https://uranium.cash/r/8639

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:
Do they accept local transfer?, The last time i tried to fund via transfer, I remember it's an international bank details that popped up. Which are the known and reliable exchangers you know?

I'm hoping to buy some coins n keep for like 5 yrs

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.

Akin3891:
How can one buy beetcc in huge sum at once? Some of the sellers on localbiitcccoin which has been my major trading site only sell in small unit.

Do you know the purchase cap for binance at once?, and it seems they only accept card transaction. I'm looking at how I can upload funds on an account then purchase bbttcc when I deem it right, like I won't buy the coins outrightly, which of these big tech practice such?

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:
Alright, I just created my blockchain wallet, i tried to buy Bitcoin directly from the wallet, the price displayed on the first page says $39,500 but when i tried to choose a means of payment it says the bitcoin value at the point of sale is now $40,600. I went back to the previous page and re-confirmed the initial price of 39k was unchanged but at the point of sale the price goes up to 40k+, is this normal when buying directly from blockchain and is it advicable to buy directly from blockchain?

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:
I'm not in ant bitisi play as we speak. Only ALTS and stables. i still dey stables, make i no over expose myself.

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:
I was able to re-enter at a fair price below my last exit.

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:
No be lie o. The thing be like film.

Thank God say I don cash out enough profit and diversified investment. Bitcoin is always like that bro.

But those wey know, Sabi say na another opportunity dey present itself so. I don ready with enough cash to buy more bitcoin heavily if it falls to a scary level.

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:
Talking of 2017, I rinsed my hands out late November and didn't let the December 17 gain lure me back. Currently, I'm manually setting a 'trailing stop loss'. The 1,000 I mentioned is an example. If it drops to 1,025, sell whatever I have at 1k. That'd still be some good profit for me.
If it gets to 1400, my SL, will come to 1200. Even if it's a fake correction.

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:
Is it possible for the payout to be in dollars to a domicillary account?

and where can one get the private hardware wallet?

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:
Talking of 2017, I rinsed my hands out late November and didn't let the December 17 gain lure me back. Currently, I'm manually setting a 'trailing stop loss'. The 1,000 I mentioned is an example. If it drops to 1,025, sell whatever I have at 1k. That'd still be some good profit for me.
If it gets to 1400, my SL, will come to 1200. Even if it's a fake correction.

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:
Sure, I did not get in early. The institutional adoption and hedge funds getting into it as well the likelihood of being a digital store of value gives me hope.

Will start taking some profits and wait for the dips that may happen. I no wan develop PTSD abeg. 5%-10% of one's portfolio is still hard earned money lost.

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 am buying to hodl for a few years. It makes about 5 - 10% of my portfolio given how volatile and unpredictable crypto is.

Bought some beeteecee late last year so got in not early but am up by 30%, and up more than 50% on eth. From my readings, I can see that most ALTz are as they say shitcoins so I am reluctant to enter. It looks like a gamble and most of these alts have no real product.

I am focusing on ethy and btc as I am optimistic about their future so I will wait for the bear market, though I hear it can be brutal too.

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:
Very helpful tips so far, Jedisco.

I added ethy early this year and have been doing a lot of crepto reading. Also, waiting for the dip so as to accumulate beteecee.

Do you think it is wise to take profit soon and wait for the dip or hodl regardless?

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:
Kindly give examples of the bolded. Thanks.

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:
since i've seen b1tco1n being sold on Nairaland, it has been selling between N460/N500 even when I b1tco1n was sold FOR $7,000 and now it's been sold for $41,000 it still sell around N500 per dollar, does this mean if you buy one whole bitcoin on Nairaland you get to pay N5,000,000 ? Meanwhile Abokifx is quoting b1tco1n at N19,500,000.

Anyone who fully understands the dynamics of b1tco1n can throw more light on this.

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:
I won't go below 1000. If it does, it's going to be the eventual crash.

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:
Honesty, I don't know o. My money just keeps quadrupling from 1btc = $5,000 to 1btc now = $43,000 and counting. The profit is like a lie.

I'm cashing out little by little to spread my investment so I don't get drowned/lost in profit cos I know the price must surely come down but this particular happening is strange. I just don't want to empty my b1tcoin account.

I have sold some and invested heavily in Risevest, piggyvest, opay, and now trying to trade USA stocks using bamboo.

Not scared of losing the millions I put in these fintech apps. Afterall, all the money came from the impossible b1tcoin profit this period.

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:
The smart investors gamed the mba system. They have “cashed out” more than what they put in and are on green. They have coasted home. It’s just for them to clean mouth and on to the next one.

The biggest “potential” losers (since Maxwell is still giving them false hope) are those who will have more money in mba forex than what they have taken out from the system when reality downs on them that the system has collapsed.

My sympathy goes to those who did the plan that only pays 50% ROI in 3months interval (most people started off in September), it was a well calculated strategy by Maxwell as he knew from the inception of the new plans that he wasn’t going to pay those category of investors a dime.

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:
Mehn that move was awesome.
I remembered, I said we might get to 100k in betece. see eithy too.

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:
I'm now officially in scary zone. Shit is getting crazy

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...