₦airaland Forum

Interesting that 7 years ago, the forex allowance was 50k per year for each bank card per year.... Today, it's down to zero and still the naira has not appreciated...

This typifies the forex scarcity.... lets see how the coming years unfold

skydiver01:
Today's NTB Auction Results.

Rates have been more sensible... the fine line the cbn has to tow is balancing the rates such that folks still see it profitable enough to keep money in the economy while not putting too much pressure on governments revenue used to service debts..

What is more important on the other hand is the cost of foreign loans, the DMO has miscalculated on that and not done enough to push rates down

nna777:
Who remember this post?
Bake is baking up

Hehe... nice pump... so far rejecting against resistance on the bnb pair....

Eitherway, I no dey like hold defi coyns waiting for once in a year pump... best I just hold the L1 and look for opportunities when they come

MssRose:
I took this trade, and DCA when it dipped more, now I'm smiling as I gradually take profit. Thanks for the call

Special thanks to @jedisco, @Ibime, @Openheaven and others that share useful information selflessly you guys make learning this stuff easier
My watchword is this, If I can be happy with 10% on treasury bill for one full year why then I don't need to over trade to make gains here.
I took my time to read you guys contribution and I entered the market at the right time.
Thanks y'all


Please someone should teach us newbies more tips to do your own research DYOR. like website to read, or YouTube videos to watch etc

Good mindset.... I've never seen anyone whise target was 10% a year that had problems trading bitc0in.... when you look at the market adoption and profitability of bitc0in, you filter out most of the noise... Good thing room for growth is still immense

End of month...
Harmony one...
One reason I like this coin is cos it's easy to trade within a range. Moreso, it has intense rallies and steep pullbacks...

Two charts... usdt snd betece....

Against usdt, it got a good green monthly close, though not a very strong one as there's still some upside wick.

Against betece, looks like it could push up but that very ugly monthly wick still bears heavy.

In summary, this could be a good one to play against the usd pair... while a wick inyo the monthly support at 0.13 could still happen, whats more probable is a push-up into the highs yo play with previous resistance

jedisco:
Welcome to March... This happens to be the months when many people believe the bitc0in will nuke...

Jan and Feb were indeed key... I believe March would provide a confirmation of a chosen trend...

Still on this.... a scenario I'd like to see is perhaps another dip below 40k, and then a subsequent rally into a strong monthly finish giving a candle similar to that of july last year (arrowed) that resulted in the rally to 69k.... All said, the monthly charts take out much noise.... lets see how March goes

This aged nicely... Jan/Feb was indeed where the battles was fought. March provided a confirmation.
We did get our dip and then a strongvmonthly close but not as strong as I'd have wanted. Eitherway, it seems a local bottom is in.
What we want to see this month is the monthly support and momentum push prices upward to even a stronger finish bearing in mind that sooner or later, we'd have a retest of the weekly support (not pictured)

Lessons: As always, bitc0ins immediate price action rarely follows the overwhelming majority. Alot though there'd be a selloff in March, but that gave ne confidence to think otherwise. If a selloff was to occur, it was more likely to occur in Feb ir Apr than in March. Loads was also said about the federal reserve tapering. I believe this affected the market but the time to sell was in November not February when fear was max. Reason why trading the news is much more than buying when the media says buy

Concerns: Alyts have got heated too quickly. A good alyt rally best cones after a sustained bitc0in move. Fact is, if we want our alyt season to be maintained, we need bitc0in to push ip and such some of the funds from alyts in the short-term.

santos123:
After what happened last year,I will not fomo again. GMT reach 100 dollars,I no go enter.

Hehe... lessons learned should be well applied...

I wouldn't bet ahainst a raging crowd neither would I fomo into such a pump....

Babalakin:
tempted to sell the bloody $Ape i bought at $17 to go into this GMT .was hoping to jump in at 1.9$

You could keep jumping from top to top until you blow your account

Hamzashaf99:
As Luna has broken ATH, any idea how far it may go?

How does one know how to TP for such coins?

Instinct, TA, PA, market outlook. There's no clear way of knowing....

When a major goes price discovery in a bull market, best is to let it ride until signs of weakness appear..

At Lunas market cap, I wouldn't expect 10x moves.... but I'm targeting 80- 100b market cap on it

My good ol Zil.... na hope of this kind pump dey make people hold on to dead bags and baggage

Tyche:
Someone said "Na my dey hammer for crypto" and GMT is a classical example among others. This run is just the beginning judging by their road map from now to April. There's even a rumour of partnership with NIKE.

The momentum is with GMT and one is leaving a lot of money on the table not playing it. Spot-wise there's always 15% to 20% daily play available and futures-wise you can short and long several times a day depending on your schedule. The movement is so predictable.

Last night, it occurred to me I can increase my stash via coin futures and so far so good. But with a very good knowledge of TA, which I don't have, it would have been more glorious, but grateful still.

Let the initial hype die first.... I'd look into it.

Futures... hehe. IMO, crypt0 is volatile enough to make money without trading futures... too risky
What I do sometimes is take a measured risk and borrow against my assets if I see a trade I feel is sensible... for example, I increased my avax and luna position by between 10-20% by borrowing against avax and luna I already own... this way, the risk is much less

Jameselias:
i wouldn't dare enter that

Looks nasty... lots of profit taking around 2... but then, don't bet against a raging crowd

Enyinne:
Last year after the bloodbath that lasted few months , i was able to buy sol at $24 , dot at $11 and link . I sold off before the main bull run could even get started . I watched this coins double up in price and even went up beyond anyone's expectations.
I learnt my lesson to be more patient and i will advise anyone that bought during this long bear period to hold ur coins tight , we are just getting started . My pieces of advise

True talk, in crypt0 knowing what waves to ride are important.
With bitc0in abouve its weekly support, its in such conditions alt coins go into price discovery. I've caught luna and I'd just let it run

Seems like it's GMT reigning.... I hope it's not the classic scenario of a coin getting popular when it peaks....

Looked at its chart and hmmm.... if I was looking to enter this, I'd wait for the 4hrly support to come up a bit

Ibime:
But Rune doesn't have many users or cult following per my guy and with $4bln marketcap, I may be inclined to think STG ROI will be better as it is still 10x from Rune on circulating marketcap

True talk... still looking in

'Talking about first movers, when did this one pump?
Hit ATH 2 weeks ago and a blowout this week

Ibime:
That sounds like STG. Let me look into that. L1s literally pay hundreds of millions in bribes for L2s to bring themselves over to their networks. If Rune can switch seamlessly, that would be a goldmine. That would also make Rune a Layer0 like STG

Yeah...similar to STG...
Not as bullish on many L1s.. most are just duplicates of others

P.s... what L1s closed last week above their weekly support?
Looks like those are the first movers

Ibime:
Thanks. No I'm not familiar with Rune but I can see it starting to make ripples. I'll have to research that one more.

From what I gather, it's a decentralised chain that allows a switch between differen L1 tokens in their native form....
I'd look into the utility and inflation of the coin

Ibime:
Web 3.0 Metaverse is what's pumping hard

Gala can't be left out. I have a small bag there.

Layer1 is yet to pump crazily which is where my 3 big bags are

Jedisco, it's like the template of BTC to Major to Mid to Micro has been switched to BTC - Metaverse, and Layer1s may follow after.

After this GMT pump, I will be putting resources in Binance MVBIV Web3.0/Metaverse winners in line with the direction I sense below. Bïnance knows how to trade the current narrative on their ecosystem well. They are like China, they will take anything that pop on ETH (eg AXs) and SOL (GMT) and pump their own Aba-made version

Regarding meta coins, I'd like to go with their L1s, waiting for a monthly close to make a choice....

Regarding L1s, I believe after the upcoming eths merge, most of them whose only narrative is cheaper fees will fizzle out.
L1s are already picking up too just like during the second rally last year.
Luna was the first to retest ATH. It seemed to stall below 100 as it waited for bitc0in to break the weekly resistance before popping out. I partly expected this and upped my luna bags a bit.... I'm guessing Avax will be the next.

Other L1s I'm considering are Rune, Hnt, chz... just because they do something different than the rest. Any insight on rune or other L1s with a different utility?
Regarding.

I'm aiming for 80-90% of my portfolio to be in certain coyns. I'd use the rest to ride certain speculative coyns when they come

Tyche:
Like 2 days to go. There's also a meet up in Turkey for holders. As long as Betcee behaves, CHZ will bring a very good ROI if hodled.

I believe another opportunity for re-entry will present itself.

I'd offload some before the event
Yeah... as the L1 for a number of fan tokens which have been in a slow uptrend for sometime now. These clubs or leagues should launch nfts like their American counterparts

save4live:
Lolz...it is obvious you have been wuonjured before...na you no do research well na...abi which exchange has listed pi...See the image below and check MEXC official social media handles and MX Defi platform to confirm if this is photoshop...in fact, check Coinmarketcap...It is listing on more exchanges

Sometimes I wonder why I am stressing myself over these comments...

Hehe... the way you're sounding, it serms you're new in the scam game.... you can distribute the free coins to all the folks in your street, church/mosque

The only 'inu' coin I can put one penny in is shib not the multitude of other copy scams.
Market is just recovering and scammers are already looking for slaughter

Tyche:
Dumped my CHZ at .32, will renter if need be. Picking up HEGIC.

When is the event taking place?
I'm looking to hold till 0.4 ish

save4live:
Lolz...brother...abeg overlook this one too...astute mvgv...Abi I dey share referral code. Check all my posts.

Abeg...no give me name wey I no bear..this is just an airdrop...nothing more...you either decide to claim it or not....everything will appear as a scam to you until tomorrow you will regret not taking action.

There are things I don't regret. Similar to the pi coin narrative.

The way you're so keen on helping people get 'free money' is suspect.... who knows if you're the one with the 90% supply. Tomorrow you'd move to tikuinu and continue your scam.

Ayerooona:
It's typical of these pump and dump coins. They could have easily answered or say it's a wrong information rather than delete my question.

I know if I ask again or persist they will tag me fudster, remove and block me.

Lmao

Hehe.... na you dey bother with 'due diligence' Somethings are obviously scams.

It's either the chap is a naive mvmv looking for referral bonus or he's part of the scammers.

Usually, I overlook such stuff but it's becoming too rampant

MapleBae2020:
Boss, what do you think of Crv esp if betc rally higher? I hold some and I've DCA until my average buy price is 3.3 Do you think it will rally close to its ATH? Or do you advise I empty my bag if and when it gets to my entry level. It's been a very long ride for me, I just didn't want to sell at a loss, reason why I hodl

If bitc0in continues to hold above its weekly support, then yes most alyts will see new highs.

But even in a rally, some coins perform better than others. Reason why some months back I partly reallocated some of my crv holdings into a less inflationary L1. Crv has held well against other defi tokens because it employed an agressive lockup incentive which resulted in less sell pressure and the protocol has also performed well. But as you can see, that is now tailing off...

In longterm trading of any asset, understanding supply, demand and hence inflation is key.

In trading, we learn...

One thing I've learned over the last 2 years is that defi coins would hardly be the best market perfomers for the longterm...

Reason is simple.... utility and inflation. These coyns mainly have little or no financial utility aside speculation and their circulating amountis constantlybeinginflated...

On the defi protocols, fees are all paid in their base L1... like I say,If I'm bullish on a protocol, I'd always hold the L1token in addition....

E.g of defi coins arnd their L1s are
Uni- eth
bake- bnb
CAKE- BNB
Sushi- eth
Crv- eth,...
Anc- Luna

jedisco:
Bitc0in now above the weekly support... Its in such conditions that alyts make new highs... hope it confirms the breakout

I like riding breakout coyns.. among the majors, I think Luna is best primed....

Some mussings made on my thread

Kay005:
Noted sir, but you do use betc past precedent to make your analysis sometimes.

Yeah... market moves can mimic themselves... mostly via patterns.... but no two bitc0in moves are ever thesame

Hmmmm..... Within two weeks, they've attacked numerous communities, an airport and train line... This is ridiculous
The FG should support local communities to be significantly run their security units

Kay005:
Once btw can't break 56k, it has to retest 42k like it did last time before we headed to 69k last year.

No two bitc0in moves are thesame...
There'd sure be a high volume selloff to washout late longs

rashy1234:
Jedisco

Kindly help with levels to watch for TP on SHIB.

Thanks

What are the weekly levels? Id let it be for now