₦airaland Forum

Daemo111:
That 9th month fit be another war time wey go scatter man reasoning! Na bull season when my coins don give me at least x3 I wan dey exit market now then come back every crash times like this. Rinse and repeat

Hehe..

The 9 months I put just means for him to take his mind off it... When crypt0 start to pump, he go know... worse case, he can set price alert on the coins he holds

ignis:
I'm still a newbie biko... Don't make me scared...
See what #105,000 have turned to in less than 4 hours.

Hehehe... you no dey hear wetin we dey tok since?

For anyone new to crypt0, it's always best to start with betece and eith and let them form the majority of your portfolio for at least the first 1 year... There's a reason why they're top 2.

We've spoken about layer 1s and buying coins who have utility (i.e what function does the coin serve? is it used to pay fees on a smart chain? If so, how vibrant is the chain in relation to others? ) and little to no inflation (what is the supply vs demand drivers of the coyn). None of the coins on your list fit the bill.
Honestly, I'm not a financial advisor, but if I were in your shoes, I'd wait for the coins I bought to break even. Sell them and use 50-60% of my stash to target bitc0in at about 30k, eth at about 2k, and maybe the rest on 2-3 out of bnb, sol, ftm, one, Luna , matic and Ada. Then forget my account for the next 9 months.... and return to see where they are...


Another alternative will be to buy slowly in bits over say 2-3months... but u fit no get the mind...

Either way, welcome to crypt0.... You came in at a time of war

ignis:
Please I downloaded bundle this morning and started with investment of #105,000 buying different crypt0... As at this moment the cumulative balance is #96,000.
Please should I withdraw back my money or watch it go down every hour?

Were you expecting it to go up every hour?

BTW, what coins did you buy.

As an aside, use the pic below take console yourself

Teaser4:
Shey na only me buy FEG here ni…una never mention am for once here…

welcome to the bear season... by the time the next alt season comes, e fit be heg, neg, geg, etc go dey reign.

Arizona042:
$FTM is highly undervalued when ranked with other L1s in terms of its TVL.

FTM and AVAX are emerging as the leaders in DeFi after Ethereum

I'm still at a loss to what's driving the TVL on ftm. It's almost caught up with bsc. Is it a few whales driving it just like with tron or is it actual community activity? All said, it has the most impressive mqrket cap to TVL ratio among the bigger chains.

For eith, the backing of it's TVL is obvious.
For Luna, it's the ust stable coyn

SirAce:
Which of dis coin would be the best buy now? Solana, Luna, AXS, Moonriver, Kadena, Secret Cc ibime, Jedisco openheaven2019 9japple singapore1 and other gurus in the house

Personally, I'd stick with bitc0in until the dust settles. Under current market conditions, alyts will struggle. Bitcoin needs to find a bottom first, consolidate for a while and then go on a rally before alyts will catch up theway you want... Of course, some alts will do well but majority will be range bound.

If a capitulation comes and alyts are dearth cheap or I want to scale into them, I'd stick to layer 1s with a proven smart chain. These would include eith and some others e.g bnb, sol, Luna, ftm, one.

Imagine if the proprietor was a southerner or more specifically from the South East. The narrative would have been very different

Ibime:
I'm only bidding BTC at $30.5k and $32k.

I will wait there for a bounce before joining ALTs.

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

Ibime:

Where are you bidding and what are your triggers?

Got some Avax at 60... Mk I dey look that one...

Spider20:
Everything will get back to normalcy, No call for panic.
For BTC to reach a mark of $100k, A massive dip will occur at an early stage which I guess is happening.
Don't fret, stay calm above all be Patient....

I'm not calling for panic..... I've seen more brutal selloffs on Bitc0in
There are two sides to every market and I'm discussing both

Ibime:
The Eithy capitulation is shocking boss. Eithy behaving like a microcap. That ain't good news for alts since Eithy is their standard bearer

I think the pricing in is best judged from the NASDAQ (down 5% this week) and it may not be finished. I would expect a pricing in of such event for equities to hit 10 to 20%. Since BeeTee is the last buy and first sell for institutions, there may still be more downside.

Sometimes Asset markets will oversell to force the FED to choose between Asset markets and the real economy, so I don't think the rate rises are locked in. If inflation stays fairly manageable or improves slightly, we may start to see less hawkish tones from the Fed and a reversal of their stated intention. Fed always acts politically as no Administration will want to be the one that affected støckmarket and everybody's 401k, so they may still go doveish if Asset markets throw enough tantrum. I don't think the tantrum thrown so far is enough to forestall a reaction to 7% inflation just yet though.

Baba... Eithy go still respect it's oga... The loss of 40k was telling... Even a proper bounce didn't happen.. Either way, I'd expect buyers on eith to turn up 1.8 -2k level...

Good take on traditional markets. The stock markets still have room to dip... Not so much for Bitc0in. If they continue tanking next week, then obviously crypt0 may follow. Na why this weekend selloff dey one kind..... It's still a weekend move though and weekend moves are usually transient.

Let's see how today/tomorrow goes... But so far, I'm not trying to catch the bottom... When a proper bounce happens, it'd be obvious it has... Just that exchanges fit don go offline by then...e dey follow save market

Ibime:
Whether likely or not, you buy zones.

I planned to make my purchases at $32k and another one at $30.5k but I may start to DCA slowly at $35k. I even had a small order at $38.5k trigger today which I quickly sold at $39k when I saw the strength of the downtrend

I also have another thought which is the conservative side of me kicking in. Just fear of interest rate rises have brought BeTC down to $36k, and four rises are planned this year. Each one will hammer down on the price and we are already not far from $30k

Bosses in the house like nonut, nna777, Singapore1, Jedisco etc what sort of capital allocation would you consider for the $30k zone? Would you go all in, or save some capital for a worse scenario.

Hehe... Bitc0ins brutality no be here...

The significant levels on Bitc0in are 40k, 36k, 30k, 28k, 25k and 20k.
36k is really important... The capitulation on alyts at Bitc0in dipped below is telling... I'm watching to see if it can crawl back above or if it'd reject off it and head for 30k... Eith looks weaker and 2k seems locked in.

The rate and manner of this decline is making the final capitulation wick - one that flushes the market likely.

Alot of folks are calling 30k, but my thinking is that if bitc0in wicks to that level (without a very strong bounce), it's likely eventually flush the whole range....i.e take out 28k too...

Regarding the interest rate hikes, my take is that markets adjust and price in such events... For whatever reason, in any big market, it's extremely unlikely to have 4 capitulation events in a year... Even 2 sef.. They are capitulations for a reason. There's a good possibility that Bitc0in is currently pricing in those moves and would either just remain boring for a while or even rally into those hikes. Same way it sells off after each halving (which is supposed to be bullish)

It's difficult to call this one as Bitc0in can bounce at any of those levels... With Bitc0in, the bottoms are always obvious in retrospect.

phenzy:
Jedisco sir
What do you think about cream ?
Is it a good buy right now

What category of coin is cream and why are you interested in it?

Tyche:
Probably nothing

Hehe.... Harmony needs to really get good dapps up and running... I'd rather it does that before it starts building hype... Just like Luna
FTM has a strong community too

Sometimes, Bitc0in does run in weekly cycles...A pattern I've seen on many occasions.


I'd explain...
If bitc0in starts shooting towards resistance at about Monday and is still struggling to break that resistance by Wednesday/Thursday... Then usually they'd be a pullback to retest support below before another trial say the next week (if support holds).
The reverse is the case when support is being tested....

Not very often does a breakout or breakdown successfuly happen after 4-5 persistent days of trying.

Now to the issue at hand, Bitc0in has been testing 40k for a number of days now.... If things don't start breaking down today, I'd hazard a guess that there'd be a weekend pump before another attempt in the coming weeks... Just like 30k, the battle for 40k will be hard fought....

Malix:
I appealed and click on escalate, no so Binance block him account.
He called me today and return my money sharp sharp.

Should have done that immediately.
Tomorrow, he may come and say binaz blocked him from p2p. That's why I always ask anyone who says an exchange blocked them what they did.

Sometimes it may be a false alarm from the exchange, many other times, it's due to something they've done.

hustla:
Hello everyone

Abeg which app can I use to call Nigeria at cheap rates?

Tesco international calling app- charges £0.08 per min
Just came across Yolla. The rate is $0.095 per min though I've not used it

jedisco:
Still on the highway....
Why is this place so quiet and slow over the past few days?
Buy the dip, buy the dip... When the dip comes, all man go logout... Hehe

Hehehe....we still dey express but fight don start.
Who remembers the fight at 30k? E be like say na when market red wey people dey like fight.

BTW lets do a quick poll..

Like if you think 40k will not hold

Share if you think it willl

frenzydilz:
All ri. Thanks. I’ve got 117USDT there. Please send me the link

I was expecting this response hence I put in the search phrase I used. Surely, googling it wouldn't be that difficult.

frenzydilz:
They said I churned bonuses. I don’t know what that means. They never gave me any bonus.

I did a quick search of 'churned bonuses bybit' and it seems some others have has similar issue. If you have funds there, they have a subreddit where moderators answer people's queries.. If no funds there, you can as well let the exchange be.

Chikacha:

The fear now is where is the bottom of this dip?
No matter how you DCA the dip just seems to swallow it up and ask for more. Bottomless dip.

Hehe.. when the dip keeps dipping

jedisco:
Still on the matter...

Who remembers pi coin mainnet launch scheduled for December... Any update?

Seems the airdrop gang has taken over from the pi crew

Still on the highway....

Why is this place so quiet and slow over the past few days?
Buy the dip, buy the dip... When the dip comes, all man go logout... Hehe

jedisco:
Really contemplating if I should take profits on Ada at 1.6 and re-enter at 1.4..... just for some quick bucks... Any advice house?

This happened so quick I didn't even have the chance to trade it... Mapping out a plan and trading it are two different things

frenzydilz:
Stay away from Bybit. If you already have funds there, don’t attempt to withdraw.

Which of their terms did they say you violated?

Mumben:
@ jedisco, pls what's ur take on One, I saw a news about it on binax today but I don't understand it, they talking about emergency upgrade. Is now a good time to buy?

Yeah... The network was experiencing some issues...From what I gather, it looks like it was spammed by excessive transactions. Teething problems for a new chain I'd say. Good it's not affected price so far

jedisco:
Took most profit against usd between 0.36 and 0.38. I still have 2 sell positions open. The first in usd at 0.395 and the last in bnb at 0.0..8 (hope it hits). I plan to compound my position by scaling back in in USD at 0.3. If that dip happens, I wouldn't be selling this level on another rally up as I don't want to miss a breakout. That said, most alyts will struggle to break and maintain new highs with Bitc0in being well below it's weekly support.
Also to note that the portion of $one I'm trading has been already allocated for that purpose. About half of my $one bag is being staked and not traded.

Regarding entry, I'm still sticking with plans in my quoted post. Bids at 0.3 and 0.28

Dtruthspeaker:
Which is Proof of the Fact that people do not Fear God.

And that they only run to Him because of they do not have good things!

Not true... Even those with good things still fear God

Kaybee7000:
@Jedisco,abeg dey try put it in simple way for people like us to understand!!! As in is the coin describing should b bought or not!!! TENKS for ur effort sir

My advice to folks who ask this is simple.
Split your money in 2, buy Bitc0in and eith with each portion. You'd outperform over 75% of folks in crypt0

Kaybee7000:
Lolz I wish I understand all these things here cos only thing I always look for is where a specific coin is stated either to buy or not but find it difficult here

In everything, striving to get knowledge is paramount.
Are you saying that if I say go and buy coyn A, you'd go and buy without asking why?

I understand alot of people came into crypt0 in early 2021 when everything was pumping. But as you've remained this long, then it's your money we're talking about and if you're investing significant funds in crypt0, you should be ready to do the hardwork.

You are the one who'd justify the reason why you want to buy a coyn
Crypt0 is very rewarding to those who spot the trend before it becomes obvious.

True talk... Most items Nigerians fast and pray for are common things in other climes. E.g travelling and praying against kidnappers or armed robbers

@house

Asides binan and kucoin, what other CEXs allow p2p for Nigerians?

Tyche:
Cc Jedisco.

Lmao

Hehe

Ada needs to put its house in order. Layer 1s aren't smiling....
If dapps don't start getting deployed soon, it might just go the way of oltc, bch and the other dinosaurs.
Cos at the end of the day, even when it's smart contracts are up, it'd likely still be the usual defi yield projects we're used to.

DieRich5:
it's going to be long AF I go happy for Dem if Dem can sell it
the rate people are waiting to sell is too much self, it's one time pump Dem everyone will sell off

Hehe... I believe when it goes mainnet, folks would see it's tru value and stop wasting their time in the name of mining. For now, na to hope say e go blow