₦airaland Forum

This is becoming more of online bullying than anything else

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....

Seeing a number of suspect and scam posts above.. Folks should beware of links they follow

MapleBae2020:
@jedisco I hope you're ok. It's been a while. Just checking up on you boss

I'm good... Been offline for a while...

Times like this are why it's good to earn interest on your crypt0 Holdings
Market has been slow. Didn't make any new buying aside crv which I mentioned earlier. Also compounded my matic

Would be good to get the full details of what transpired. There's no excuse for violence also, some folks see Uber drivers as people they can trample on

The caption of this post (while still unverified) only serves to promotestereotypes. Africa is not a single country. You wouldn't hear 'European politician' or Asian politician used to refer to folks from those regions

Good resolve.... Kudos

jedisco:
Came across this om defillama.

Shows different defi protocols and the total value locked on them (TVL)...

For those protocols that have tokens, I then looked at the market cap of the tokens.... It gives a good idea of what stuff is overinflated...

For example, Cake has a market cap of abt 4 billion and has 6.3 locked.
Crv has a market cap of 1.5 B but has 20 b locked....
Reason why I'm more bullish on crv that most others there.
Also, I like the way crv seems to be consolidating below 4 usd.... There's something about that number I like...


When I allocate my portfolio, I don't like spreading myself thin... So in each group, I want to select 1-3 tokens I believe would perform best...

There are no majic screens in this market... But if those screaming FA had brought up some reasoning similar to this, then I'd be listening. This thread should be a compendium of folks sharing knowledge

afroxyz:
FA in crypto is diffrent from stocks. In crypto you look at on-chain analysis like the number of active wallets, cash flow into an exchange, no of hodlers etc. Glassnode has some good analytics which can help on crypto FA. Dont know if you follow Will Clemente II on twitter.

I'm a love glassnode analytics... While they have some good FA, most of their charts will fall under TA rather than even FA.
In every market, there is data... Analysis that data to information is what I'm hammering.

Glassnode for example mainly tracks bitc0in... How many of the folks talking FA here own any amount of bitc0in in their portfolio?
Most called me naive when I advise folks who trade substantially to own some bitc0in or eth. How many bought at 30k when the fundamentals were screaming 'buy'?
Why have they been unable to state what coyns they hold and what FA they arrived at that?

I'd post an example of how I arrived at a coyn to trade based mainly on FA and later used TA to fine-tune it... It's such clear examples I'm asking them to bring forward

Johans:
Thank you for your numerous lessons on 21w ema. It has stuck with me.

Please what do you look out for whenever you chart coins against btcee and sometimes eith?

Why against btcee and not eith this time?

Would be kind to give practical example using any two coins.

Thanks a lot.

Kudos... Hopefully, using that to identify entries will make the market easier for you.

I chart alyt coyns against betece and eith to remind me why I'm holding them. It's a known fact that betece and eith will outperform 99% of alyt coyns in the long-term. So if a coyn is not keeping up with those two or having clear oscillations with either of them, then I'm better off holding eith or betece

Misyarn:
I dont even know what 21w ema is!
Can I invest now? Boss

Then I'd advise look to know what it is so you can identify trades.

Nini101:
Very true, I was trading with common sense even before I knew about TA and FA. Both are important. I'm still trying to get a hang of TA cos I feel no knowledge is a waste.

Please keep up the good work, you're one of the gurus I respect here.

The point is that they're largely inseparable.... They are not to be used independent of another... Thing is most folks think TA is just limited to price charts which is wrong... Some want a manic ball... Same folks would fall foul to folls promising them 'sure game' on bet 9ja

Misyarn:
Boss pls wen is the best entry for matic and crv

I dedicated a significant chunk of last week to explain how I gain entry into coyns

KingOKON:
.

Even a mb knows the "commonest" saying you don't put all your eggs into one basket
This isn't the first and definetly not be the last platform where FAs and TAs battle it out, and the mere fact that dip is on the march dosent mean people are seeing Red.
Actually many waited and expected this, while others only specialize in time like this.

Do I read charts for crypt0?
No, going 18months now

What is FA?
If a trader, newbie and wannabies after a period of time can't tell or define what an asset is, and what contributes to its overall value sincerely that individual will never grasp what is FA.

There is no battle between TA and FA... There is only a demarcation between folks who understand the realities of a volatile market and those who think the market should go up in a straight line...

I'm still yet to see an example of what you guys mean by FA... Give me a practical example you've used so I understand your FA

Case in point, based on fundamentals, I believe bitc0in will ultimately trend towards 1m usd over the next 1-2 decades. That doesn't mean I jump and buy this months bitc0in top of 70k...

Misyarn:
Boss pls wen is the best entry for matic and crv

In a bull market, the 21w ema usually provides the best risk to reward entry until the market tops out

seankafor:
Boss Jedis.co dey make me laugh

He go be like those teachers wey go dey scream on top of their heads for their students

Hehe....

My annoyance is that folks saying FA don't seem to know what it means to trade with FA

I'm still waiting for someone to explain what trading with FA means....

It all remids me of the news traders we had earlier this year. I spent weeks trying to explain to them that I also ride the news but trading news is very different from what they think. To them, any 'seemingly' bad news meant buy...

Guess what? most of them who obviously bought the earlier peak this year capitulated at 30k because the news said bitc0in was going to 18k and that crypt0 was dead... Now they've been sidelined, we're not hearing such talk again.

Neverlosemoney:
Lol…..At the bolded, are you saying this Folks screaming FA is the way; are just new folks that knows Nada? And are they mainly screaming because they are in severe pain after unexpectedly losing great deal of money to bitcoín fall? Cause I am starting to notice this call out of TA is useless happens when there is a drastic fall in BeTĆ price!!!

And I am really glad you chartist guys are staying on your ground this time around, I admire that. Normally, at this kind of time; you all would have gone into oblivion and start coming out when things goes back to normal

It's not a personal attack....and I'm not a chartist... I'm just someone trying to use common sense.

Have you bothered asking most folks screaming FA what exactly they mean by FA?
Ask them and their response would be using their whole portfolio to buy one obscure or unlisted token whose whitepaper promised it'd replace bitc0in and make them rich... Of course that can happen but they shouldn't also come complaining when the market inevitably schools them.

Most of my trades are based on FA... I am bullish on crv and polygon but I don't need a chart to tell me eith will outperform them in the long-term. Same also with bnb and cake. How many of the 'FA' traders hold any amount of eith which undeniably has the strongest fundamental in this space (perhaps aside bitc0in)?

I prefer to trade major moves... But it gets stale when with every dip, those wrecked come and start blaming the market. I had been patiently waiting for a dip for over a month... I didn't know when it would come, but I knew it would cos common sense says markets dont go up in a straight line. I did some buying this week and hopefully more next week... I know someone who mainly owns eith since it wasat 250 and his annoyance this week is that eith has not dipped well below 4k...

StrafordSTONES:
Alot of commentaries here but how can you blame anyone;
People's 1k are turning $930.... started buying dips from yesterday and then this morning, currently losing about 80. I am having a conviction we still in a bull and then dips are normal occurrences in month ends. However, the new covid variant may come with its own stuffs and nuke the whole market and then I would wish I had closed everything at this level. It's all good, let's and watch and see.

80 USD from 1000k is barely 10%. No hard feelings but the simple fact is if you cannot handle a 10% dip, then you have no business being in crypt0.
If your money gets back to 1k, just withdraw it and buy Trasury Bills.. that's almost guaranteed... Another thing you could do is stake stable coyns...


I'm saying this cos if bitc0in does go on that rally you are expecting, then 20-40% pullbacks will happen multiple times....
Crypt0 is inherently volatile, if you can't handle that volatility, then it's best you stay out

Seun and Nairaland should learn from this.
Nairaland needs to do more to sanitise this place- its like a free all for cultural hate, bigotry, religious hate, woman hating e.t.c.

Freedom of speech does not mean freedom to go and insult folks. Most of the statements we've come to see as normal on NL will not be tolerated on FB, Twitter, Reddit e.tc which are social platforms of Western nations that champion 'free speech'. Imagine going on Facebook to say 'all British ladies are .....' But mods here allow such to flourish unchecked

Seun brandishes a disclaimer that 'everyone is responsible for what they post' but as the biggest Nigerian fora, he should know that disclaimer will not save him when law enforcement agencies come calling. Sooner or later, I expect some foreign news agencies to do an expose on the hate culture rife on Nairaland

ohamng:
TA, most atimes it does show FA and SA if carefully watched. Good to learn all.

The folks leading this talk are just folks who bought the top.
They're yet to explain how they use one irrespective of the other

Neverlosemoney:
Lol.....This one makes you money....That one makes you homeless....As long people in strong support of FA makes money from it and people in strong support of TA makes money from it, this argument will go on forever. Wherever this two set of people are this debate is sure to constantly surface!!!!

“A man is incapable of comprehending any argument that interferes with his revenue”.

It's not evan a debate to start with... Most successful folks I know in this space incorporate both into their trading style... Those screaming FA have not shared how they use FA to make money...

Sometime back, I made a post on portfolio allocation. That highlighted more strategizing using FA than I have seen posted here.... Why is a good chunk of my portfolio is in eth? it's based simply on FA.

So when they say FA vs TA, it's not a debate that's meant to be followed.. It's just a group of new folks who the market is schooling.... If you enjoyed the 75% Bitc0in pump from 40k to 70k, then a very healthy 25% retrace is common sense....

ohamng:
What's your take on peachfolio pls?

No idea.. not a coyn I trade

OffsahBoye:
Hy guys,
In this dip, which would you prefer to buy
Link or Atom
I need one that recovers quickly with betc
Because waves and serum don do me shege(thought I bought their dip )only for betc to show me what exactly dip shit is

Look at their weekly charts against betece and how they're interracting with the 21w ema

Regarding TA vs FA, no one says they can only be used seperately.... You can combine whatever data sources you have to find a working system in trading... Else, you're just better holding...


But some recent posts very much remind me of the news vs TA debate we had earlier this year... I remember folks stating how using news is the best way to trade the market. To them, they should buy when the media says buy and sell when the reverse is the case.. I asked they should show us they do it so we can learn... Guess what, that talk has died down... Most of them sold at 30k because the whole place was screaming red. The rest sold at 40k when the last China news broke out....


Finally, I think people's main grouse here is with charts.... Price charts just show what price did in the past... Thats all... How its interpreted is upto folks... Recently, I have been posting about using using charts... Thats simply cos I see alot of people make mistakeswe made in the past... Once I see a chart, the first thing I look at is the timeframe. So when I see new folks posting 15 min to 1hr chart, I know this chap will get wrecked. Thats why I went on about keeping things simple and using the weekly timeframe with a sensible moving average....

Talking about TA... What is TA...Just basically analysis of data...

You can't be in a market and underplay the importance of data... In stocks for example, you want to know how the companies who's stocks you hold are performing... All that is raw data...
With any type of data, they can be made sens of to give information... How you go on and interpret them is upto you....

The main data sources in crypt0 are;

1. You have price charts which simply show what price did in the past. Jsut that.

2. Then there are traditional indicators e.g rsi, volume which show different metrics of the market

3.Finally, there are newer on chain indicators which show how certain sections of the market are behaving e.g of whales or long-term holders are buying or not.

First before talking of TA or FA, folks have to get the basics right and understand what market you trade

Certain basics are:

1. Portfolio allocation. The big money that moves this market doesn't go to alyts. We all know that bitc0in controlls this market and eth will perform better tgan 95% of other alyt coyns in the market, yet very few folks here have any of those on their balance.... If bitc0in you trade a market where one or two assets determine how the others behave, common sense would tell you to get some exposure to those ones.
This time last year, bitc0in was 20k eth was about 650 dolls, bnb was abt 35. These are phenomenal gains

2. What stage is the market in?... I've said it constantly since may that all that matters over the next 6 months was if bitc0in was to go on another rally or not...

3. Crypt0 is inherently volatile.. You stay in this market long enough and you're less worried about the daily swings...

4. What kind of trader are you? If you claim to be a daily trader, then volatility should be your breas and butter.... If you're looking more at the bigger picture, then what the market does every hour should be of less concern.

Jameselias:
you are trying my brother. Crypt0 (Nigeria ) is filled with gamblers . Most people in crypto today do not even know what a financial market is .

Fact. A good number of folks who see crypt0 as a way to convert 100 naira into 1 million. They jump into tops in an inherently volatile market and return blaming others when the market schools them. The question they always avoid to answer is simple- how is their portfolio distributed?

Nini101:
I've been trading for almost a year now and I still regard myself as a newbie. One thing I have done is use Google and YouTube to understand better. Then when coins are mentioned here I check their chart to see the history and movement of the coin (I was doing this even before I knew about TA and FA), Google them to know what they are all about. Most times you'd learn from experience. Lastly when you find the coin you want to buy, always wait for a dip or retracement. Even if the coin is mooning, don't be tempted to fomo.

One more thing, Google acronyms you don't know, before investigating in shit coins, DYOR, don't invest more than you can afford to loose and follow the gurus here closely.

Common sense... Folks ape into the top cos someone on YouTube told them we're going to the moon only to return in tears when the market has a healthy retrace.
I wonder where the TA vs FA stuff is coming from. Many successful traders in this space combine both.... Most things are just common sense

XiaoLi:
If we follow last year's trend...the rate is expected to go further down by December but will start to go up by January/February 2022.

Let's see how it goes....
But if offers are still well oversubscribed at 5%, then I don't see the justification to increase rates. Higher TB rates would also affect lending rates by banks as most use that as a benchmark.

It seems the many intervention schemes the CBN has delved into is their way of injecting new fiat directly into sectors that matter. There'd be some element of corruption with these schemes but it's still largely more effective than excessively high TB rates.

Taystee:
You see most times,one will be force to comment when you see some folks here spewing trash saying "technical analysis works with forex and not crypt0",as if they're wiser than those white dudes creating tutorial videos on youtube about technical analysis,most painful part of it,they mislead newbies with their comments.

The dip will get to a point where those folks will call crypt0 scam, when they're out fiat to DCA

The thing is that folks largely dont understand the place and use of TA.

I've said on multiple occasions here that one doesn't need charts to make money in crypt0. Most of what you need is common sense. For example, I don't need TA to tell me that most of the market will always be wrong at extremes. So when the market is overly bullish, irrespective of what the charts are saying, I apply caution.

TA is largely raw data and just like any form of data, you can analyse it any way to suit you.
One has to get the badics right first before looking at TA

awele186:
You hit the nail on the head, some treasury bills don't even give 10percent annually. There is need for patience and finding a good entry point

The current 1 year TB rate is 5.8 % and it's still being oversubscribed by institutional investors. Yet new folks turn up in crypt0 and expect 100% in 2 days or else the market is scam. Ask them where the 200% is coming from and they go blank...

sats:
Shib and doge don scatter market

Wannabe meme coins everywhere

No be only metashib (3 shib in yoruba) na marunshib (5 shib in yoruba)
Lol

Reason why I wouldn't gamble on any other 'inu' coyn aside shib.... Copycats dont win in crypt0..
Lot's of coyns copied betece and eith e.g BCH, ETC and promised to outperform them. Today, the only coyns that kept up were those who truly had something different to offer