₦airaland Forum

Fact is alot of coins didn't look good at the end of last 2 weeks...
Same with Ada... Had turned 1.4 into resistance and last weeks close isn't looking great either

Me thinks Ada will ultimately get to 1 (and maybe a wick to 0.7). Those who have traded Ada know that 1 held really well during May crash. If there's a place I expect Ada bulls to show up, it'd be at 1 USD. Even as a quick swing, it does portend a good risk to reward

Had cold feet in selling my dot at 30 after a candle similar to matic printed.
Quite rightly, price did breakdown... Me thinks this will touch 20

jedisco:
Can't overstate this.... Times like this are why it's good to earn interest on your crypt0 holdings and look at the bigger picture.
Also, portfolio allocation is key... Even with all the blood... Some coyns have held up better than others. e.g Avax, Luna....

My main sell these past weeks was my matic holding. Sold at 2.4 and bought back at 1.8.

Overall, with all bitc0in selloffs this year, it always goes down in the coming days-weeks to take out the initial low which will be 42.5k in this case....

Another coyn I've been trading of recent is matic....

Resold my matic at 2.7 ATH moreso with the arrowed reversal candle. Bought some back at 2. Bids are still laddered down to 1.8. The last weekly close doesn't look great either. I wouldn't rule out a dip to 1.4

Looking at the larger picture, even though the market looked shaky, I took a bite yesterday...

One was eith... Since covid crash, eith has continued to show a macro pattern. It rallies to a new high and comes back to retest support while still maintaining an uptrend (higher highs, higher lows). To me, 3k was a good confluence spot so I got some bids filled there

jedisco:
Happy new year

I'm leaning towards Bitc0in coming down to take out 42k low hence I've largely held out on adding to alyts except for matic and crv I bought in early December.

For every major selloff over the last 18 months, Bitc0in has come down to take out the initial low. Still did same at 42k.

Now it's at 40k and market is split... I'm beginning to see confluence across certain majors e.g eith at 3k which gives significance to this level. This makes me believe that if 40k is lost, (aside wicks below), then 30k would very much be in the offing.

Looking at the monthly charts, Bitc0in has ever lost the weekly support except in a bear market where it capitulates below. With the monthly support at abt 38k, this makes me believe Jan and Feb are key for the continuation or break of this macro rally. I'm leaning towards things turn here to form a macro cup and handle pattern. Would sure be on the lookout

jedisco:
Happy new year

I'm leaning towards Bitc0in coming down to take out 42k low hence I've largely held out on adding to alyts except for matic and crv I bought in early December.

For every major selloff over the last 18 months, Bitc0in has come down to take out the initial low. Still did same at 42k.

Now it's at 40k and market is split... I'm beginning to see confluence across certain majors (e.g eith at 3k) which gives significance to this level. This makes me believe that if 40k is lost, (aside wicks below), then 30k would very much be in the offing- definitely not a scenario we want.

Looking at the monthly charts, Bitc0in has never lost the monthly support except in a bear market where it capitulates below. With the monthly support at abt 38k, this makes me believe Jan and Feb are key for the continuation or break of this macro rally. I'm leaning towards things turn here to form a macro cup and handle pattern. Would sure be on the lookout for this

Mazinewmoney:
kindly say something about CHZ e get why

You seem quite bullish on chz... My question to you would be why do you hold it?

I own some chz simply because it's the layer 1 for sport tokens. But then, I've not come across good rates to stake.

Ibime:
Abeg link me the article if you can please

https://koinly.io/guides/hmrc-cryptocurrency-tax-guide/

It's quite detailed... Wondering what exchanges share data with hmrc

OpenHeaven2019:
You can do the normal NFT play na - buy an NFT and sell it to yourself in loss for tax purposes

Hmm.. Care to expatiate?

Ibime:
Just threw 10% of portfolio into EitH at $3.5k.

10% is all I need and quite probable

My target for entry on with is 3k. But I'm looking to build my eith stash from other alyts... Eith looks suspect against betece

Ibime:
@ Jedisco

Koinbeezy has finally written to me to say they have provided Mama Charlie with my Crypt0 movements. Let me go make voluntary disclosure to HMRC before they tax the one I don't recognise.

Hehe... HMRC go send you letter with time... It's worth reading the rules around it... Your first 12.3 k is tax free. Also if you have a spouse, you can reduce the burden. There's an article koinoly any it...
Sometimes, defi yield farming on stables can be very good for money wey person no need soon..

I think those who send people tokens here could cut down. Except in certain cases, all it does is encourage more people to beg.

Phanthar007:
Good morning crypt0 bosses and Profs

I'm a crypt0 newbie and I just want to say a big thank you for all the knowledge and insights I've received on this thread.

Abeg make una show me love o

Betec wallet : bc1qky2axx9t7etjjkxr6taflwweuzqsffkz97tgkj

May all our investments yield 1000% and more

Thanks again, Crypt0 Elders and Chairmen

Have some self respect and stop this disgraceful begging!

Though controversial, this recent statement by Turkey's president echoes my view

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With every devaluation, certain things creep up again
If this trend has continued consistently for the past decade, then it's either our professionals are not getting some basics right or those on the other end are getting it better.

Someone queried that if interest rates are reduced, institutions would group to surrounding African nations with similar rates. The question would be why do folks hold bonds of western nations at very low-negative interest when nations like Venezuela, Argentina, e.t.c seems to be offering crazy good returns? The maths always adds up

emmanuelewumi:
Interest rates are expected to go up by second quarter of 2022.


They have professionals who can accurately predict some of these things.

They are informed about opportunities that can give different returns.


Retail Investors are given top priority during public offers, especially those sponsored by government.

This is why the big boys wait till the last minutes before coming on board. The issuing house has the exact figure of the fund raised on a per minute basis.

The big boys will also want maximum return on their fund. Assuming one wants to invest N10 billion in a public offer that is opened for 2 weeks.

They want to keep on earning interest from the money for the next 13 days and then in invest in the public offer at the last minute.


It was not done and dusted in 9 hours but they are on standby or the reserve bench to come in if the need arises.

Assuming N240 billion was already raised from retail Investors 24 hours to the end of the offer, they won't waste their time trying to invest in the offer.

Excess fund from the offer are usually returned about 3 weeks to 4 weeks after the offer, these funds will not earn interest and they are careful to avoid this type of scenario

If what you said is the norm, then the professionals at DMO didn't act like they knew it. They should have been able to guage institutional appetite (that's what they're paid for) and not scramble to further increase of the rates at a time when institutions were already rushing come on board.

The year is still young.... Let's see how things pan out. Already, the CBN just silently squeezed in another devaluation before the turn of last year.

Theonlysonofher:
Unfortunately my sweet mother left us

My condolences on the loss of your mum. I strongly plead you heed the advise of medical professionals on this thread and not scatter your home. I can say with good certainty that your wife's meal had absolutely nothing to do with your mum's seizure or passing. As many have said, what the doctor told you does not make medical sense

NoToPile:
He said the doctor even said it was more than twice mama ate the salt, how he came to this conclusion is what some of us can't understand.

I doubt the person is actually a doctor

DenreleDave:
Now u get my point boss.. Most layer 1 are just emphasizing on low gas fee and tps compared to eth... None of them has promised sumtin different really... They are only leveraging on the gas fee and the tps for transactions....

I don't know much abt Luna though but I know it promises such too but I don't know what Luna offer that is different from others...

The distinguishing factor on Luna is their implementation on synthetic coins - incl stable coyns, stocks e.t.c and also yield on such tokens. Similar offerings on other chains are not as robust and streamlined as on luna. If it continues to keep up, it could really be disruptive

@op @theonlysonofher

I doubt your mum was seen by a qualified doctor. No doctor worth his onions will tell you what you said.

Since your wife has been corrected, and she is remorseful, it's best to close ranks cos your mum's seizures were not due to the food she ate

Another sponsored post

DenreleDave:
Maybe layer 2 owns 2022... Too many layer 1 now.... Only if etherm had so many competitors when it newly came, it wudnt have blown like this but now, too many layer 1 and they are just dragging the peanut eth left behind

Hehe... Eith had first mover advantage...Also, early forks from eith a s betece didn't have any clear roadmap aside breaking out. Eith has decentralisation, institutions, developers and a whole lot more going for it. To really break eith, a new chain really has to do something innovative and unique. The open source nature of crypt0 makes that difficult and closed source projects are hardly decentralised.

So far so good, just Luna seems to really offer something different asides the low fees others hinge on

OpenHeaven2019:
Thanks for this Jedisco.


I am very bullish on FTM, it would break into top 10 this year.

I’m sure of it!

Truth be said, there are some serious contenders for the top 10 position and it also had to contend with its fellow layer 1s... I'm beginning to love how L1s are battling it out

emmanuelewumi:
The big boys buy public offers at the very last minutes, usually few hours to the end of the offer

Is there a possibility these institutions knew beforehand the government was tinkering with increasing the rate and hence stayed away or that they worked in tandem to hoodwink the government into further increasing the rate?

I don't want to believe that the internal decision for these institutions to invest was done and dusted within 9 hours. The decision must have been made long beforehand while they bidded time

emmanuelewumi:
Over N800 billion was raised within 5 days for Sukuk 4.

I can tell you that the total money realized from retail investors and those who invested N100 million and below is about N80 billion.

And the additional N750 billion was raised by the big boys ie Banks, Pension Fund Managers, Insurance companies, Mutual fund managers and other institutional Investors about 9 hours before the deadline which was midnight of 23rd December 2021.

There is a reason why DMO sent messages about 12 hours before the deadline that coupon had increased from 12.8% to 13%.

Out of curiosity, is this confirmed/verifiable?
Such behaviour should warrant an investigation

jabolo:
If I may. You're actually reinforcing our view. How can an FGN bond be priced at 13% with a corporate bond at 12%? This is only possible if the said corporate has significant foreign revenues that can be said to 'pierce the national veil'

The country can always print money to service its bonds, or tax the corporates more.

And, if the nation defaults, the corporates are marked down because political risk has increased in their operating environments.

I think the advisors on the Sukuk screwed up and overlooked their mandate. I deal with these guys all the time. It's year end - they get lost and giddy about their individual bonuses.

Here, I'd say it's not the volume of oversubscriptions that is the success benchmark, but the lowest cost (to the country) to achieve the required bond amount.

Peace.

Thanks for this. Especially the last paragraph. Same thing they say after every borrowing spree.

The last eurobond offering was oversubscribed and they boasted about it forgetting it was offered at a rate almost ten times higher than any Western nation would borrow. Even individuals borrow at much lower amounts. Somethings don't just add up

Headlines like this are why I object when people use phrases similar to 'leave it to the professionals in power understand better'

Borrowing isn't bad but when a government official sees borrowing from the sake of it as an achievement without considering the rate, what those borrowed funds are used for, sustainability e.t.c, then it leaves me scratching my head.

OpenHeaven2019:
The temptation to put profits into another project.

I don’t do it again.

These days I move my profits to my bank account so I don’t FOMO into another project with the profits.

Hehe... The urge to fomo is real

DaemoLee:
PSG showed me shege, BETA currently showing me Shege.

Made lots of money from SHIB,
Made millions of naira from GALA.

Lesson I : Any coin among coins/tokens I hold that rally up and gave substantial gains, I sell to USDT and withdraw to my bank account and wait at least 2-3 months before deploying part of the fiat again in buying another well studied coin/token.

Lesson II : I will never ever buy newly launched token again never. Not until at least 6 months after launch, minimum.
I was very lucky with C98 but BETA has choked me.
I know U warned me, but I don learn lesson.

Hehe.... Usually, after a huge win, the tendency is there to become complacent and overconfident leading to huge losses afterwards. Also, with such wins, it's difficult to guage the try state of the market.

What I do is use profits to buy betece or eith. Now, more options are available. One can buy stables and lock-stake them for at least a week until the hype dies down.

Looking at binaz yearly overview, finally, dem chop trading fees last year.

This year, hoping to trade less and strategically average in or outta the market when the time comes

Looking back over the last year, would be nice if we could share our best and worst trades and also how we utilised an important lesson learn. Best trade can be in terms of ROI or something different

I'd go first

1. On best trades, I'd list two. First was loading up on certain alyts this time last year. By then, Bitc0in had rallied and alyts were lagging. By end of Jan 2021, coyns such as dot, uni, sushi were up 5x.
A second Best trade was on doge. Hit one of its rallies to the teeth and my portfolio swelled overnight

2. Coincidentally, worst trade was also on doge. Failed to see the larger picture and didn't.

3. Main lesson learned was also from doge hehe... Having tracked shib for a while and after breakout seeing it was following doge's rally to the teeth... I positioned and sold the top beautifully well. Annoyingly, I put most of the profits back into doge and now looking for an exit... Meme coyns dey vex finally

Ibime:
No, I don't even know what those parachains are about sef. I just know that $30 has been a safe price for DOT since Q1 so buying at $29 seems OK

Looked into them briefly since I hold some dot... Got busy and unfortunately, the ones I had in mind have ended... Funnily, I just remembered buying dot and uni this time last year at about 4 and riding both to 20. Hopefully, 2022 brings similar profits with less mistakes