Jedisco's Posts
Nairaland Forum › Jedisco's Profile › Jedisco's Posts
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myonekobosay:Hehe... last week it was short to 29k... this week, its long for 100%... ok ooo |
Alot of unknown coyns being mentioned with promises of exorbitant gains. In such market conditions, it's worth threading with caution. Also, if you've been in this space for even a year, you'd know that 99% of such coyns go to zero... capital protection is important. With alts, its important not to be on the wrong side of the market. When the time comes, opportunities will be plentiful. |
Samsung004:Hehe... it's also worth stating that the risk equalls the potential benefits too. 14k could also turn to 400 |
Impulse80:Yeah... but most folks moreso those with smaller sums might be better off with safe centralised exchanges until they get a hang of this space and how to ensure proper security. Most people are already used to centralised systems e.g banks securing their assets. An individual taking up that responsibility needs some learning. |
QuitNotice:Trc20 is on Tron network. As with other chains, you might have to deposit some tron to that same wallet which would be used as gas to pay for the transaction. Gas fees are cheap on tron so very little should do. What is also important is that wherever youre moving tge usdt to should be on trc20 address so it doesn't get lost. |
dynamike:Out of curiosity, what makes bear different ? Or what potentials are these? |
QuitNotice:You need to know what chain your usdt is on and then deposit some base layer coin to move it... sounds confusing right? If you click on the token, on the top-left corner you'd see the chain. Hope it's not erc-20
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armadeo:Are you very sure a crash is coming? |
seankafor:I've not come across any centralised exchange that claims they dont have access to your funds. Best they can say is that most funds are kept in cold wallets for safety abd some percentage are insured. Any centralised exchange can block or sieze your crypt0 at the behest of kaw enforcement agents. As a matter of fact, once you deposit your coyn on an exchange, it technically does not belong to you. Exchanges have been hacked and clients funds drained. This is much different from decentralised wallets e.g metamask. On those, your seed phrase is your key. If you loose it, that's it. Cos no one has access. Seems you're mixing both up |
WizkidNews:Good question... most have now come to agree that the only eith killer would be if eith 2.0 has issues. On your list, I'd go with Luna for certain reasons. It's one of the only L1s who does something different. The coyn has good tokenomics with a loyal base. It's dapps are solid and a joy to use. So far, it's chain has been focused on ust... I believe soon enough, NFTs and the rest will start catching up. The increase in mcap of ust has been a good guide so far. There are two major risks I see... first is if ust depegs... second is regulatory interference... already, the SEC has looked the way of Do Kwon in the past... if ust keeps increasing in mcap, it'd attract more unwanted attention. A decentralised stable coyn that works just like centralised ones would be a major win in the space. Regarding sol, I've not delved much into it's chain but to the extent I know, aside faster transactions and cheaper fees, I doubt there's any other thing that sets it apart. It's chain has gone down a number of times and it's tokenomics is not as strong as Luna as it has a higher inflation rate. Any can perform better in the short-term but if caught in a bear market I'd rather hold Luna. Bnb to me is a better bet than Sol longterm... just that it's had a parabola of recent.. All said, if you're just in both, and catch times when theyre up significant amounts in a short period, shaving some profits to buy back lower may not be a bad idea. It all depends on your trading pattern too... |
XaToXi:Plausible.... but then, the range has been so traded that targeting close levels may be risky |
seankafor:Hehe... hope if the drawdown you crave comes, you'd be able to weather it |
Lucremoy:Hehe |
seankafor:Your question funny o... it's like asking if a bank knows how much you have with the. Is there anywhere you saw an exchange claim they don't have details of their clients funds? Every centralised exchange has full access to clients funds. They can limit you account at anytime. Thats why it's centralised. Even with personal wallets, with your wallet address, anyone in the world can look up all transactions you've made on that wallet... By third party do you mean someone helping you to verify? |
XaToXi:There seems to be alot of leveraged stops at that 39.2k level. A dip below to take it out wouldn't surprise. This range has been traded so much that lines have blurred out. Over 1 year now |
Ibime:Good timimg... The macro conditions aren't looking great. The loss of the 21w ema has always been my line in the sand... unlike the last close below when price hung around for a confirmation of resistance before a before the downward spiral, this time, it seemed to have just followed thru immediately. Lucky I made some swaps on the weekly into bitc0in but still took some hits. Not so bothered as I'm mainly in the right stuff The amount of thime this range has been traded thru makes me worry about a nuke in future to clear the whole range... that might be the most sustainable way to exit this range |
Sunndaywillie:Market looks like sh*t.... Crypt0 is not for the fainthearted |
earthrealm:Good luck bro |
Sad story. Should serve as a lesson to some male folks on nairaland who think being woke means insulting females of your kind.... |
earthrealm:Yeah to each his own like you said... If I was investing 1k, then at least 800 will go to sound projects who are very likely to trive in this space. Depending on the time of crypt0 moves, I can use the remaining to gamble on high risk stuff. There's a reason why certain meme coins pump... and there'd always be bew coyns with each rally. I wonder what folks who invested in all the doge look alikes during the last rally will have to say. Most of the more profitable altcoin traders are those who know how to ride the bitc0in/eith wave, and then switch to the alyt wave and exit before the crash. |
konfusedgee:I've dabbled briefly into futures for fun. Making a few winning trades is very different from existing profits from this space in the longterm. The best future traders I know will always advice people not to get in. And if getting in, those people should have been in crypt0 profitably for at least 1-2 years. Futures is not a shortcut to make money in this space. It would only maximise ones loses or gains with the added significant risk of wiping ones account |
Ibime:Wouldn't be so certain. The market largely rests in a balance. The narrative in crypt0 can change very quickly. The market was quite bullish last 2 weeks when every coin was putting in 20% daily moves... a small bitc0in retrace caused most to reverse their gains and it's now gloomy... Lets see what it does over the next couple of weeks |
Emmizay12:Hehe... start trading with real money first. Over 75% of futures traders blow their account within the first 3 months... Futures is nice for those who know how. In all, crypt0 is volatile enough to make good money without dabbling into futures |
earthrealm:The market cap is also important. With a market cap of 13b, it takes alot to move shib. IMO, the first goal in crypt0 is not to get rich but to protect capital... most people who scatter funds buying random low ticker coins usually loose significant capital |
Hehe....Two scenarios.... Nuke or bounce from significant support. If there'd be another leg up, then most coyns are close to significant support zones where they are likely to bounce. .. example.. Eith at 3k, luna at 100, Ada at 1usd, betece at 42k, etc at 40.... If these levels start getting lost, then it opens the doors to another drawdown until the next support.... |
Everwhere stew..... welcome to crypt0... enjoy the volatility!
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Not too long ago, the US president signed an executive order mandating all agencies to work together towards providing a ckear framework on crypt0 that'd ensure advancement in the space. The UK has taken theirs a step forward and are actively inviting crypt0 businesses, looking at tax incentives and the UK mint looking to issue a crypt0 based asset this year. https://www.gov.uk/government/news/government-sets-out-plan-to-make-uk-a-global-cryptoasset-technology-hub China on the other hand took an agressive step to ban crypt0 and this was so they could aggressively push for the adoption of their e-cny.. So far, they've made good progress with that. Our local regulations are neither here nor there. They have stopped the government from generating revenue thru the space, have also not been effective in stopping local crypt0 trade and the e-Naira so far has been a waste both in adoption and usecase |
Stumbled upon this.... surprised it didn't make major headlines... The UK is actively pushing towards friendly regulations. A NFT by the royal mint is as good a national endorsement as one can get https://www.gov.uk/government/news/government-sets-out-plan-to-make-uk-a-global-cryptoasset-technology-hub
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skydiver01:Like all investments, crypt0 comes with its risks. Being digital, it has added risks and benefits those getting in should be aware of. First is where whatever assets one owns are custodied. The second is what assets to own |
Tyche:Found anchor and aave quite intuitive for my luna and avax holdings... Can borrow cheaply off my longer-term holds when the market is down and use it to sort out physical needs. And I can swap my base holdings to eith if need be. Occasionally, I play quick moves in the market or gain more exposure to my base coyn when a rally ensues... The second comes with added risks, but I always keep it below 20% of my asset portfolio |
jedisco:
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I'm not a fan of knife catching.... usually prefer waiting for the daily close... But some coyns are testing significant support... e g ETC at 40... Got some bids laddered between 100 and 110 on luna.. looks like a macro retest which should be bought up quite aggressively except bitc0in nukes
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