₦airaland Forum

skydiver01:
All valid points. That is what some investing is about - taking risks with the objective of making money. One concern I have is not bitc0in as an asset class but the vulnerability of bitc0in/crypt0 wallets to theft. Plus I still suspect most global central banks will not allow any crypt0 asset to be used as an alternative to their currencies as a means of payment. As such, I expect crypt0s will fade out in the coming years following more regulation. Right now and up till now its been a cowboys markets. India & China have banned crypt0s and I expect more large countries will follow. Nevertheless, I wish all investors great fortunes from whichever assets they to invest in.

First, if your concern is about theft, there are hardware wallets that are very safe. You can withdraw your bitc0in into them and only transfer out when you want to sell.

If bitc0in was going to fade out, it'd have done that in 2017 and not now. The understandable knee-jerk reaction for some central banks like ours have been to ban crypt0 and when they see how ineffective that is, they turn around and regulate. This is the case with India who have now legalised crypt0. Western nations have made it clear that they're interested in regulating the space. That has been a big win for crypt0 as due to the regulatory clarity, institutions have poured in billions into bitc0in.

You might not have been following the news, but adoption of crypt0 and blockchain over the past year has been staggering. Many US banks now offer crypt0 services to clients, Facebook (now Meta) is betting its future on blockchain and is testing a payment remittance service powered by crypt0. Twitter, PayPal, Visa, Mastercard e.t.c have all ventured massively into the space. A number of companies, investment funds and councils/local areas now own bitc0in as part of their balance sheet. The U.S. has been clear that they have no interest in banning bitc0in and even want to make some transactions tax free. The UK has been keen on generating revenue from the industry. Spanish banks have petitioned their central bank to provide clarity and allow them offer crypt0 services. There are loads more that I can’t even remember

ojesymsym:
Using your graph, its seems it has a 4 year cycle. If that pattern is correct then there should be a pull back or loss in value this year. Right?

The approximate 4 year decline is due to the issuance of new bitc0in being halved in an approximate 4 year pattern. With a rising global demand and falling supply, this makes bitc0in deflationary hence the rallies result in that pattern.

Of course this pattern wouldn't continue forever and last year has shown that. The last rally was not as intense as most had projected. Also, there are an increasing number of institutions in the space who invest wisely and an increasing number of retail folks have gone past the stage of wondering if crypt0 will go to zero or not and are investing with a longer time frame hence are willing to hold through dips.

In summary, so far, there has been not been an intense rally to warrant the kind of 4yrly decline we say in the past. But irrespective of what happens over the next year, the important thing is that bitc0in will generally trend up with time

On bitc0in, one phrase I've seen alot recently is something like if x price is not hit, then I'm bearish below x. When I look at the range they're quoting, it's usually between 50-100%.

Reminds me of last June/July at 30k with all the post saying I'm bearish below 55k .... Imagine not buying at 30k but later buying almost a 2x move at 60k...

People trade differently but with bitc0in I wouldn't want to wait until bitc0in has done a 100% move before I buy....

Many people want to trade bitc0in like they'd trade alyts. With bitc0in its all about risk to reward.

My rational for buying weeks back at 40k was simple- even if that level didn't hold, it's likely that bitc0in will bounce off 30k to retest it before any further continuation downward. I can then sell if I'm not comfortable with the market. Same goes for averaging in at say 30k rather than waiting for 20k

jedisco:
Seems this space is divided between those who are waiting for any small pump to take their money and run... and those who are patiently waiting for 20-28k...

Let us settle it via a poll.

Like if you can'twait for a pump to exit some positions...

Share if you're well seated in stables and waiting for capitulation

Hehe... I don't think we're done with the lows but for those largely sitting in stables. If your target was to buy bitc0in and you hadn't started averaging in around 33k, chances are you'd not have bought even if your 28k target was hit... It'd be much more difficult to buy bitc0in at 23k than 33k...

I consciously stayed off discussions on this pullback here as I didn't want to go repeating most of what I said in late May last year. At that time we had multiple threads on fp on how bitc0in wrecked folks, same also here mostly by those who didn't own bitc0in. I said something then and I'd repeat it now,

At 30k usd, the way I see buying bitc0in as a Nigerian is simple. If I buy 0.5 bitc0in for about 10 million naira, I can put that bitc0in in a savings account and earn interest of between 5-8% apr on it.

Add that to the fact that devaluation of the naira has been ongoing. If the naira devalues at 10% per annum against the dollar (as has been the case) and the value of bitc0in remains same, then thats about 16% per annum on my bitc0in naira value.

Finally, if within the next four years, bitc0in sells for 70kusd (an extremely modest estimate), I can decide to liquidate my holdings for a handsome profit.

Same will hold true whether bitc0in goes to 20k usd tomorrow or not. To me, the risk comes with not owning bitc0in

skydiver01:
Meanwhile, Bitc0in is down ~50% over the last 3 months. Russia announced a few days ago that it intends to ban crypt0currencies (trading and mining) like China and India who have banned crypt0currencies resulting in Bitc0in falling from ~$68k in November 2021 to currently ~$35k. Ouch... I imagine the party will truly be over when Europe implements its intention to ban them all.

The last selloff wasn't due to a supposed Russian ban (which never happened). It was more due to response to macroeconomic policies by the us govt to fight inflation. Effect can be seen across most global markets. Russia is actively working towards a framework to help bitc0in miners operate in their country. Bitc0in has been made legal in India. Western nations are fine-tuning regulations around bitc0in so that folks who own them can pay taxes and institutions can offer them as products. Already, an increasing number of western banks now allow folks to buy bitc0in in app.

If I put 1k away anytime someone predicted bitc0in will go to zero, by now I'd have over a million in that box.

This is the bitc0in returned ROI over the past 10 years, for a market moving that quick, volatility is bound to occur. And guess what? That volatility is what many see and new opportunity and why some of us are in crypt0

Awon 20keks gang... abi 28k....
Finally, the 28k trade was overcrowded.
I was targeting 30k and above and if 30k failed, then 25k and below.

Jokes apart, though many missed this move, I don't think we're out of the woods just yet.

jedisco:
Finally, it's good to be safe...

I was torn between Ada at 1, Luna at 60 and Avax at 60... Went with Avax cos of its market cap... Either way it's a swing trade with a stoploss in place

Later removed the stoploss from this and let it be as 60 was a good entry on Avax. Hoping to take most profit at 80 and the rest close to 90... Plan is to hopefully buy back at 60 in the coming weeks for a longer-term hold.

Most alyts look broken on HTF... Until bitc0in start closing above its weekly support, I expect most to struggle

jedisco:
Watched this pattern on betece hourly chart today.

It's not a classic bull flag but after a first rally up, and consolidation, a second rally to the upside usually ensues. If this resolves to the upside, then the target would be 40k.
At that point, I'd like to shave off some of the betece I bought earlier at 40k until market conditions become clearer.... aim would be to rebuy lower... Market is choppy and many trapped folks are looking to escape the market. I imagine many are targeting 40k to sell or short. Some would already be selling at a loss...

I'm unsure if 33k is the bottom or not. Either way, even if it is, it'd be tested multiple times. In these market conditions, no need to fomo. Just target coins that have had a good bounce and aim for them on the next red market day....

The hourly didn't resolve as expected- became choppy but 40k has been hit.

Closed my earlier buys for little profit as planned. May seem too early but that was my plan and I'm riding it.

All said, It's not everyday bitc0in pumps or sells off over 10%. Reason why following the crowd on such days is usually fatal

DieRich5:
he's a newbie ND bought it for 6 months hold, rather he's targeting $500 for 1 SOL, dats wat he told me when I help am buy USDT for p2p but I was not the one who told him about the coin tho (Dem say, Dem say ) u know

Irrespective of when one buys, I absolutely believe that anyone who wants to be in crypt0 for the longhaul should have some of their portfolio allocated to eith or betece.

Crypt0 is still relatively a new and evolving asset class. Those two are the most battle tested and I believe the safer bets for the longterm

DieRich5:
I just found out my guy wey buy SOL at 220 just cut his losses @90+ without even telling me, the thing pain me I swr

It's called capitulation.

Wonder what made him buy at 220 after seeing it rally from 30 to that price in a matter of weeks. Guess it was due to folks telling him it'd overtake eith and go to 1000

Similar situation with CRO. I remember the week it rallied to almost 1 usd. I got into a big quarrel here cos I pointed out that 1 usd is a psychological resistance also with a big market cap, it's a sensible place to take some profits at least. Folks were certain it'd hit 2 usd soonest. Either way I'm waiting for cro at 0.2.

We all buy random alyts which many times don't move... But if your coyn has gone on a recent parabola, common sense says to take profits... If you don't maximise such rallies, then how would one stomach the dips

GoodHardDick:
This is for SIMP men

Relax niggas like you have no time for all this drama. Dating a Nigerian girl is a complete waste of time, energy and resources. As a real nigga the only thing we do is to bang her pussy and move on. No stress, no drama, just bang and move on.

I have lived around the world and can tell you the best lady you'd date is your fellow Nigerian.

There's a reason why many Nigerian who travel abroad marry fellow Nigerians after finding their feet. Even people like you who were made to lick the bottom of white ladies for visa end up seeking Nigerian ladies once they've settled.

Tell me how many non Nigerians you've dated. Human beings everywhere possess similar characteristics. Like I told your colleague above, If you had any form of secondary education, you would know that it is impossible for Nigerian ladies to be 'useless ' without Nigerian men being equally useless.

Start from telling me your achievements so I can know where you are on the food chain. Having sex is no achievement

MyVILLAGEpeople:
A SIMple man spotted.

A king is no king who needs to remind everyone he is a king.

The problem with you nairaland wannabes claiming 'alpha' is that you have no idea what it means to be one. Being alpha means you're at the top of your food chain, that you have acquired and possess achievements considered very rare in your community. That strong members of your kind naturally gravitate towards your authority. Alpha males of any specie are nor preoccupied with the thought of hating supposedly weaker members of their group. As an alpha male, your bragging right should be how strong men bow to your prowess. The ladies you go about abusing will naturally flock under your cover.

If you had any form of secondary education, you would know that it is impossible for Nigerian ladies to be 'useless ' without Nigerian men being equally useless. We all share the same genetic pool.

There's a reason why such attitude you exhibit are usually rampant in under performing populations of a society. Just like African Americans who go about calling their ladies 'beetches' but still remain at the bottom of their society. That's not alpha!

Shukusheka:
The Op's name is "Ashewoboy", and virtually all his posts on nairaland revolves around degrading women or saying mean things about them. I mean his entire e-life is dedicated to thrash-talking women; he follows over a hundred people on nairaland and they are all women.

He is clearly a miserable incel who has nothing going for him in life. Unfortunately, Seun doesn't care anymore about this forum which is now a complete decrepit for pigs like Ashewoboy to spout sh1t all over.

True. Such mental preoccupations are usually a reflection of people's insecurities.
Such people in real life would be timid underperformers, likely someone who feeds off crumbs. The insecurity of being unable to hold down any sensible relationship (romantic or not) with a lady makes them hate their kind.

What's this toxic culture on Nairaland with male folks calling females'vagina people'.

It says so much about the type of folks on here. If you only see a vagina when you see a female, then you are sick.

Like it or not, you'd still go back to those same ladies and they'd be the one you have kids and build a family with...

What's annoying is same toxic culture is present in some of the most depraved societies worldwide

@Seun, you need to do something

Haakeem:
And some f%@lish atheists would still come here to claim that the shii does'nt work.

Until their ignorance would lead them to submit thier heads to the af0njas,thats when their eyes would be clear.

It does not work. If it does, what's stopping those folks from being Dangote?

Timekeeper:
Fastt

TA gone wrong

Before you attack him, you should first know what breaking a resistance means and also on what timeframe..


TA doesn't work for everyone but one thing folks who attack TA here fail to say is how they navigate the market. It's always good to share your own insight on how you outperform the market...

ikllbrokehoes:
Vagina people never cease to amaze me, smh.

When you say 'vagina people', what do you mean?
Have some self respect

@uche1993
You've mentioned you don't know how to delete posts. You can't delete posts but you can modify them and replace with something else.
If you go below and post you made, there's an option to 'modify' click on it and you can then replace whatever you've typed with anything even if it's a dot or number. You could also remove pictures. Unfortunately, this does not change the quotes people have made on your post. I have attached a pic to highlight

@snok58 I'd also advise you take down your posts too including the first. Doing that should prevent this from hitting front-page.
Given that you both have mentioned your full names here, if this gets to front page, then a good number of people who know you would see it which would only make things more messy. Later down the years when you both have settled, you'd then be dealing with the perception of what you created here.
Also, remember the internet never forgets. Google indexes nairaland. So with time, a Google search of your name might just come up with this thread. That may be your kid doing a search in future.

Uche1993:
You started saving for more than seven years yet you are still at stage zero lol funny I prayed that you will toil and not see any reward for your suffering this was my Mum’s prayer too for you, but already this is your life, saving for seven years yet nothing to show, you put hand inside Ken farms it crashed, you are really a cursed soul, you better go and apologize to those girls (you know what I am talking about). Bear it in mind that you can never correct a mistake with another mistake, get ready to move in circles for the rest of your life.

Madam calm down... He's the father of your kid and whether you agree today or not, you'd need him in future. Refuse the urge to keep responding on this page cos most things you say now will only make things worse. This is the time to remain calm and let things settle. Don't be other people's entertainment

Snok58:
Lol someone will think you are smart. This 2m she plans to collect from her mother. My dad has more than x50 of that just in cash and I've not touched it, and I don't want to, it's your mum's I'll now take. Use it to support your business and leave your father's house. You need financial leverage more

Dude! You just keep ranting. There's nothing wrong in getting small gifts for someone you're dating and in your words plan to marry. I wonder what red pill you've imbibed.

Belittling her and asking how much she has for the baby is low. From your narrative, you're Igbo and the bragging right of Igbo men is being able to take care of their wives and family. Nothing wrong with you both working together but you shouldn't belittle the mother of your child. Cos like it or not, even if you run now, you'd look for that child.

If I was in your shoe, I'd have stopped responding a while back. As a man, know when to take a walk...if not for anything, to calm your head.

Shortcut2life:
Shut up you Dey just cap rubbish for here … spend the money and stfu … papa this papa that yen yen yen …

He reasons like a kid.... 'I don't want to spend my father's money' He wants to brag that he was self made.. useless ego. The guy never see life. He shouldn't have ket his father train him thru skul.. After all no be his mates dey do almajiri from 5yrs

Uche1993:
Please if you are a woman reading this or a doctor, I have been experiencing stinging pains in my tummy and my back hurts, please is it normal. I don’t have friends to talk to I can’t talk to my mum and sister I am ashamed to talk to them, obviously I can’t talk to victor, please I need help is this pain normal, it’s more painful on the lower part of my tummy.

Go see a doctor and at least, have a scan. Most of such pains could be non concerning tummy cramps. Alternatively, it could be a wee infection that needs treating. Quite rarely is the possibility of having a pregnancy outside the womb... mostly occurs in the tubes. This is called an ectopic pregnancy. Like I said, it happens rarely bit when it does it's best diagnosed and treated quickly due to the risk of internal bleeding which can be fatal

Snok58:
I want to marry her. I set up a business for her bearing in mind for her to grow to be able to support a family. I detest a dependent partner.

I have applied for good jobs with my masters and I'm waiting for a better placement. As of today, I'm not financially capable of marriage, tomorrow might change but I'm a perssimist let it change first then I plan with that.

As you said, you love her and had in mind to marry her. Those are very important and this hitch shouldn't stop you.
Regarding not wanting to grow on your fathers wealth, it's worth looking at things from a different perspective. The most successful of humans (in any endeavour) are those who are able to leverage on the resources around them in the most efficient manner. Your father built from scratch so you can stand on his shoulders and build higher. So you can conquer worlds he couldn't. Most successful folks around e.g Dangote, Bill Gates have same story.
To illustrate, squatting with a friend to save on accommodation is leveraging that friendship for your benefit.

Lordfave98:
Thanks, I'm trying to replicate the same strategy I use for Forex on Crypt0.

The most important thing is in how you allocate your portfolio. Go with coyns with a good record. Simply put, bitc0in and eith should form a good chunk of your portfolio

Brexxit:
Lol,I regretted investing in crypt0s 2021,the only people who have benefitted greatly from crypt0s are those who bought bitc0ins early.

Crypt0s is suffering from acceptance from most governments around the world, crypt0 gurus will tell you to buy the dip,but once you buy the dip it keeps dipping more.

It's better to invest in real estate than doing crypt0s, especially land investment,a land bought in 2021 with 500k will appreciate in price the next 3 years while crypt0s bought with 500k can become 100k in the next 3 years.

For me crypt0s is a big gamble no matter how people might try to sugarcoat it.

What coins dis you buy?

What do folks think....

Fair or unfair?

Hamzashaf99:
Please can you translate in layman's language?

Does the market cap around that range means some whales are attracted to it and may be accumulating in anticipation of future increase in price?

Hehe...

Regarding the market cap, I pointed out a trend I'venoticed.... Market cap goes with liquidity....
Some institutions never took bitc0in seriously until it hit 1 trillion usd....some institutions will hardly invest in a market until it's hit that threshold.
For bnb, it could all be reaccumulation or distribution but something macro is going on. The coming weeks would tell.

@op
Most of these things don't work

I've been looking into layer 1s for sometime as a safer bet for the longer market trend.

Focusing on their market cap, I've found the 50-100 billion market cap range interesting.
One thing I've noticed is that for this current market phase many have struggled to break above 50 billion and even those that broke into the 50 -100billion range were quickly sold into...e.g ADA and SOL. This also goes for most coyns not just layer 1s e.g DOGE, XRP... Other L1s like AVAX and LUNA and DOT have struggled to break into the 50b range and selloff on approach.

Obviously, as market caps of coins increase, it attracts different kind of players... Some fish do not swim in rivers. Also, it's one thing to rally to a certain market cap, it's another to defend that liquidity.... Even bitc0in has struggled to stay above 1 trillion usd.

Among L1s, the only exception so far is BNB... It's spent most of the last 9months in this range... I believe thats due to certain tokenomic factors with BNB. Obviously, the next two months will be crucial in confirming if its a macro reaccumulation or distribution.... I'd update on this in the coming weeks

Luckyss:
Since I entered this crypt0 of a thing, I have not been happy. If you sell wahala. You don't sell wahala

What's your trading timeframe and what coyns do you hold?

Fastt:
Im loading as much on 32k 30k levels (25%) but will leave about 35% on 20K levels.

if it goes below 20k. i sell my entire village take buy beeteecee.

Yeah some folks decide to average down... some wait for a shift in trend before buying... some try to snipe the bottom.
All said, below 35k isn't a bad spot to start averaging in as no-one truly knows the bottom