₦airaland Forum

XaToXi:
DCA it is then.

It might take a major btc dump to see Ada at $1 though.

Probably when btc revisits the $39k-$36k areas.

On Ada, if deploying fresh fiat, I'd want a very good entry.
It's smart contracts have been slow to get going and other smartchains are moving forward quickly. Crypt0 moves very fast and it needs to get those running soon. Those will drive demand cos now, it's beginning to look overvalued.

Still on Luna...


Recently, I moved part of my Luna from a cex and staked it on Loop finance which is one of its native defi apps. The process was so easy and a joy to use. Cant compare it and offerings on binaz smartchain.

Brings me to the main point which I've raised before. That for a smartchain to survive, it really has to do something better than eith. So far, the selling point for most chains competing with eith has been quicker transactions with lower fees- which to me is not enough. With eith 2.0 set to address these, most of the smartchains might not survive well into the future. So far, Terra (Luna) seems to be the only other chain that has clinched a niche for itself. Their synthetic coyn offerings are fantastic. Even DAI which is a synthetic stable coyn on eith doesn't hold up to Terra's UST.

Another thing is the amount of dapps on Luna. While other major chains are encouraging developers to deploy many dapps, Luna seems to have taken the path of quality over quantity. It's Station mobile wallet is fantastic. It's major dapp called Anchor is the best stable coin defi platform out there. Easy to use with an apy of abt 20%. BSC on the other hand has lots of dapps that are pretty much useless or repetitions of others.

My 2 main concerns with Terra are decentralisation and regulators. It's far from being as decentralised as eith and which gives regulators a centralised body to challenge. Similarly, I believe synthetic stables would challenge the thinking around current fiat currencies we know and it's only a matter of time before regulators come knocking.

Jerry59:
Impressive analysis Jedisco.

Luna below 65 is juicy enough

Yeah... I'd agree...

But looking at the monthly chart, I get concerned. It's been 7 months of straight green... Sooner or later, things would stall around a local top and reaccumulation would occur just like early last year. The chain is fantastic and has room to grow. Hopefully 100 USD is not that local top cos I was relatively late to Luna

Just noted than TVL on Luna has surpassed that on bnb. With Luna having a much lower cap, this gives it a juicy mcap/TVL ratio....
Of course, other factors need to be considered but with the amount of ust printing going on, things aren't looking bad for luna. A 60 USD Luna (if it comes) should be a good buy

Thoughts?

1

Still on utility and selecting tokens based on underlying tokenomics...

I'd take the binaz token (bnb) and it's smartchain bsc and look at its tokenomics...
First, it's an exchange token meaning that during any bull market, it's exchange would pump it to attract more retail. Also binaz is the largest exchange and trading fees are lower if paid in bnb. So more demand

Second it's also a layer 1 for it's chain meaning that all fees on the bsc chain are paid in bnb. Also some of the bnb used to pay fees are burnt. This also means that bnb is the most traded asset on it's chain and holding bnb would give one room to get different airdrops. More demand

Thirdly, it has agressive underlying tokenomics as half of its initial supply of 200million tokens would be burnt eventually. This is done routinely every 3 months. The last one just took place and over 1.5 million tokens were burned. Less supply

That's alot of utility. It's obvious that bnb would outperform any bsc token in the long-term- It's just common sense. Hence why most of my bsc allocation is in bnb.

Now to the cons of the chain...

It's still seen in the wider crypt0 community as being too centralised. This has kept major developers at bay. Hence some of the best defi projects e.g aave and curve are not yet deployed on bsc.

Also, the chain does not stand out in any way. For most chains to survive the long haul, they need to do something different asides faster transactions and cheap fees. Take terra for example, it has connered the market for synthetic coyns and doing it well. The main synthetic stable coyn on bsc which is VAI has been unable to maintain its peg to the dollar for months now.

Lastly, when one looks at the TVL to mcap ratio, it has the highest score which makes it bnb look overvalued at it current price. To explain, The market cap of bnb is very high but the value of coyns on it's chain has not kept up as much. So far, I'd put this down to two things; Viz binaz unlike other chains is mainly retail driven. This is not the best as projects can be overhyped. The second would be the underlying tokenomics of bnb explained above which means that the valuation of bnb is not based on it's chain alone unlike other layer 1s

EmmanuelScott1:
Bro jedisco, I want to ask something, did you check 5yrs chart too?

The highlighted 5y means the timeframe that should bevisible on the chart... It's a monthly chart as each of the candles represent one month of pa

XaToXi:
Playing it level by level sounds like a good plan as Ada is known to respect levels.

However since January is Ada month, I'd leave a moon bag in case it shoots past 1.6 :

50/50, 60/40 or 75/25.

I agree, but then, ada can surprise, but after weeks of selling, it might have formed a bottom... It's so far from its previous ATH and hence it's got lots of room to rally
Personally, I was waiting to get in at 1 USD....

SolarE:


Someone mentioned it here, that is good for a long time investment, that is why I ask boss.

Thanks Man.

Then it's worth looking into if you're considering it.
Of recent, I'm more keen on coyns that have some underlying utility with potential of being deflationary in future. By this, I mean layer 1 tokens who are used to pay fees on their individual Blockchain.

DieRich5:

The guy say na only the first 100 people can do dere kyc, now the rest will wait for another update from the pi

Hmm... How long will it take them to onboard the millions of users they have?
Also, asking for kyc at base level makes their Blockchain permissioned which goes against the ethos of most cpof the crypt0 world which is permisionless.

Fact is, with the level of engagement they have, if a fair launch, then the coyn might hold value. But all said, it just looks like one of those coyns that'd pump initially and bleed forever into oblivion

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?

On $Avax.... I see a breakdown already in play.... 80 USD seems programmed on this one.

Looking at the monthly chart, I do feel there's some possibility for 60 too... but with the way layer 1s bounce... 80 is still a good bet

EmmanuelScott1:
Bro, what's the best entry point for CRV now?

3 levels I'd expect a response at are 4.5, 4 and 3.5.
Last weeks close was a good one. If betece respects itself, then the 4 dollar level which also corresponds to the weekly support should hold and hence serve as a good entry.

jedisco:
How quickly crypt0 moves on.... I remember when everyone was talking about $SOL... Now, it's FTM... Hehe

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

SolarE:


NO time to marry any co.in like some boss do say here ni ooo,

Big man can you help with the entry point one can re enter metis (I hope you understand my question bro)


Thanks

Not really... My best restuns have still come from holding and compounding strong projects.... Have only heard of Metis in passing. Don't know much abt it.. Why are you interested in it?

How quickly crypt0 moves on.... I remember when everyone was talking about $SOL... Now, it's FTM... Hehe

HollyMadison:
I Dey ask oo. Every disappointment is a blessing, every rejection is a lesson.

Another thing you could do... Just like someone mentioned above is ask for feedback on how the interview went/areas you could improve on. If they ask why, you could say to reflect on it and to help you in future interviews.

The reflection/feedback culture is well taught moreso in healthcare jobs. It helps folks learn continually just like a self-maintaining circle

HollyMadison:


Since nobody did it.

I just want to rant please… interview don tire me. One excuse after the other, I’m taking notes and getting better sha(in my mind). Work visa sponsorship no be small thing o,

I’m tired, but we move

@mimilyrics thank you for posting those jobs, they gingered me.

Do you ask those interviewing you questions at the end of the interview?

Ask them stimulating questions about career progression/opportunities (not pay) and you might just leave a good mark or finish on a good note. Every employee wants to employ folks who are driven

Vector360:
but this is Bitc0in..it's not traceable

Lol... Is that what you think? Na now you talk true.

FYI, most crypt0 transactions are out in the open and can be tracked live by anyone in any part of the world by just having your wallet address. If I give you my wallet adress, you can freely see all transactions I've made on that wallet and to whom.

Centralised exchanges like binaz can obscure the track because they combine multiple transactions in one. But if someone was duped and funds channelled thru binaz, then law enforcement agencies can ask binaz to provide details of such inflow.

IMO, it's mainly suspicious activity/fraud that makes binaz restrict people's account e.g when folks were using p2p to dupe others

Vector360:
My question is can someone report a bitcoin address…? Is it possible


Because I’m having a feeling that the last person I gave my bitc0in address to use must have reported the transaction…maybe

Why didn't those using your address to receive Bitc0in use their own address? Anyone knowledgeable enough to receive funds in Bitc0in should have an exchange account.

Truth be said, the reason you give is difficult to defend. It's just like someone allowing kidnappers to receive ransom with their account and then turn around to complain when the police comes knocking

One nugget...

I've always believed that if I'm bullish on a particular chain, then I should hold the base token before dabbling with its layer 2s

This has become more obvious recently as eith, bnb, Avax, Luna and other layer 1s continue to hold strong. This is due to a basic factor- Utility.

I've spoken here on how Im bullish on crv. The fact is that all fees on crv are paid in the layer 1 token. So if it's on eith, all the fees would be paid in eith. Which simply means with would outperform it in the long run. Simply due to the metrics of demand and supply
As far as all bsc fees are paid in bnb, before I hold any bsc token, I have to have a good stash of bnb first. Same goes for virtually every other chain...
It's all about utility. Outside betece, If a coin has no innate utility, then it would only pump on speculation.

For sometime now, I only buy a layer 2 token if I see a very good opportunity otherwise, I stick to the layer 1s

St3v3nson:
Claim instant $50 now

Scam!
I did not have to click the link. There's no free lunch anywhere

jedisco:
For some reason, I opted to go harmony one rather than ftm as my last layer 1 slot... So far, I've been happy with that decision.

Loving the weekly on One.... Very clean levels. Harmony One typically has intense rallies and deep selloffs giving one room to compound on the way up.

On the daily, it looks to be forming a bullflag... A confirmation with a breakout (i.e close above and flip) should take it to previous ATHs ... More technically, a measured move from the pole of the previous flag has a target closer to 0.4. Got some sells higher up. Hopefully, Bitc0in doesn't go finding oil

This aged well. A classic initial rally, bull flag (I.e short downward trend coming after an initial rally. The downward trend should oscillate between 2 parallel lines) and second move up.


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.

At this stage of the market, I'm largely looking to compound my position on what I already own

P.s @mulannoire

jabolo:
I presume you are applying for credit.

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Interesting. Good such services are finally out there.

Having an independent and robust credit rating system is the bedrock for getting stashed up credit in banks into the real economy at reasonable rates

If it was in Nigeria, the lady and her family would have been locked up, threatened and called names while everything goes on as normal. An example is FFK consistently disobeying court orders to allow his ex-wife access to their kids. He goes like he knows there'd be no repercussions. Something he wouldn't try in other climes.

We truly do not hold our leaders to account.

Nairaland should stop promoting those who destroy animals in their natural habitat. People have to travel and pay to see such animals

IHATEPUZZY:
I ve got usdt for sale interested call 09029831895

Why not sell via p2p?

Mazinewmoney:
Cc: Jedisco plsssss.

No idea

Tyche:
I am in both harmony and FTM, had to sell off my Matic for harmony though.

One big lesson of holding them though is the predictability; knowing when to take profits and when to buy. There's also a sizeable moonbat. I will hardly buy FTM above 2.1 nor harmony above 0.21

I decided to opt for one or the other.... Still have matic... It's shown immense strength over the last year and staking rewards on it are good.... If it continues this yr in same fashion as last, then it'd surprise folks. It's a larger cap though and as such take more volume to move

With all the fxckery in the market, matic has held its weekly support very well.
I've been compounding my position in matic for sometime.... First bought at 1.6 some months back, sold at 2.4 and rebought at 1.8 to sell at 2.7.


On this last selloff, I was only able to fill my bids at 2. Bids I placed at 1.9 missed by a penny. I'm looking to sell some off at 2.5 and to get in again at about 2.
There's lots of good stuff going on with the project and with a good chart to follow, good chance it performs well in the coming months

Zooming out, it's impressive it spent the whole of 2021 above the weekly support. From a macro perspective, this looks like a retest of previous ATH. With staking rewards of upto 15% Apr, this could prove a mid-longterm gem

1

Ibime:
$3.50 is heavy resistance for FTM. A lot of people rushed it at that price in October anticipating a big announcement with Bïnance which turned out to be a damp squib, leading to a selloff. So a lot of bagholders at $3.50. Coincidentally it was approaching that same $3.50 last week when BTC took a heavy dump, so more bagholders added to the ones stranded there.

Yeah... There's loads of resistance around that area... With a nasty candle like that and current market conditions, I'd expect that even if it rallies to that point again, sellers will turn up. For good reasons, there's lots of hype around the token... But such hype can play out both ways