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 Investment › Re: Crypto Currency Investors Thread by jedisco(m): 5:47am On Nov 28, 2021*. Modified: 11:22am On Nov 28, 2021 |
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.... 19 Likes |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 5:35am On Nov 28, 2021 |
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. 14 Likes 1 Share |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 5:26am On Nov 28, 2021*. Modified: 5:48am On Nov 28, 2021 |
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. 18 Likes 2 Shares |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 4:56am On Nov 28, 2021 |
Jameselias: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? 7 Likes |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 4:50am On Nov 28, 2021 |
Nini101: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 21 Likes 2 Shares |
| Investment › Re: Treasury Bills In Nigeria by jedisco(m): 4:13am On Nov 28, 2021 |
XiaoLi: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. |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 2:27pm On Nov 27, 2021 |
Taystee: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 13 Likes |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 11:54am On Nov 27, 2021 |
awele186: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... 14 Likes |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 11:51am On Nov 27, 2021*. Modified: 2:12pm On Nov 27, 2021 |
sats: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 15 Likes 1 Share |
| Investment › Re: Treasury Bills In Nigeria by jedisco(m): 11:32am On Nov 27, 2021*. Modified: 2:33pm On Nov 27, 2021 |
skydiver01:TB rates are finally getting to a place where it makes some sense for the nation. If at 5.8%, the 364 day TB is still being oversubscribed by about 100%, it simply means there's good room to push rates lower. Perhaps to less than 2.5% until appetite plateaus... It's just common sense... It's quite clear that the exorbitant rates the cbn paid on TBs were seen as a way of injecting new fiat into the economy. That has been extremely ineffective. If the CBN wants to introduce new money, they should do that via other means where it gets to the target audience directly and not by rewarding 'briefcase' investors with huge interest rates that eventually have little or no effect on the real economy. I believe that even at 2%, TBs will continue to be oversubscribed. What this also means is that there's lots of institutional money trapped on bank balances and looking for where to invest. What the CBN should do is streamline the process and support macroeconomic policies that make investing in instruments that support the real economy less cumbersome and relatively safe E.g housing, transport e.t.c. If the CBN is still looking for what to use newly minted money for, they could give a 10% bonus plus fee refund to every new person under 30 that decides to invest in the NSE with a 2 year lockup period (using their bvn to confirm). That would help the economy much better that giving already rich folks >10% in the name of TBs 6 Likes 1 Share |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 9:48am On Nov 27, 2021 |
I believe that if one gets into a market and it's not working out as expected, they should try to understand how the market works and learn from mistakes first. It does seem that folks rush to buy ATH of certain coyns cos someone said it's going to the moon and come back throwing tantrums when the market has a healthy pullback Few questions How many people complaining after every dip bought when Bitc0in when it was as 30k? I don't know of anyone who bought coyns when bitc0in was at 30k that's shi**ng themselves about this move. If you missed the move at 30k, try and see things from the perspective of those who didn't miss it. We know for a fact that eith and bitc0in will outperform over 95% of alyts in the long-term... How many of those complaining have any of those in their portfolio? Most folks who I know that have a good allocation to betece or eith are chilled about this dip as to them, they see an opportunity... Some are even angry that eith has continued to hold 4k. Ask folks complaining here what they hold and they start calling obscure coyns How many have traded any traditional market? In traditional investing, a 10% roi per year is seen as huge. I've bought Treasury bills and held for a year to get 10% . In stocks, such gains are also very good. But folks come to crypt0 and expect the market to shoot up in a straight line. It's not gambling Sorry to say, but It's quite clear that most folks in crypt0 have little experience with traditional investing. Like I always say, I don't know anyone who's target was 10%apr (which is very healthy) that had problems investing in crypt0.... If you're looking for a majic ball, keep looking and please let me know when you find one 24 Likes |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 9:35am On Nov 27, 2021 |
One thing I like about Crypt0 is how cyclical it can be Anytime there's a proper dip, you always see folks get blame one thing or another. It's quite clear that most people saying complaining have barely been in crypt0 upto a year. Most were attracted to crypt0 during the last rally when bitc0in went from 3k to 60k in about a year. They forget that for the most past of the previous 3yrs, bitc0in had also sold off from 20k to 3k. The market will continue to teach same lessons folks who stayed in crypt0 thru 2018 have picked up. Crypt0 is barely a 10 yr old market... So if someone says TA works with forex and not crypt0, then why did they venture into crypt0 and not keep using that TA to make loads of money in forex? The fact is that most don't understand the very basic principles of any traded market. If they was a majic ball to predict any market (e.g stocks, commodities e.t.c) then there'd be no market in the first place. I've stopped responding to certain statements cos it seems I'm repeating myself. Because of how fast crypt0 is growing, there'd always be new folks who'd complain about same thing. 35 Likes |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 9:22am On Nov 27, 2021 |
Sailor1:Cake/bnb... Cake has been shockingly underwhelming against bnb... Brings me back to portfolio allocation This is clearly a reason why when I'm bullish on a chain, I want to hold the base layer coyn... All smartchains are structured in such a way that the layer 1 coyns would in the long-term outperform coyns built on it... All fees on bsc are paid in bnb, same also most defi protocols on bsc have more bnb than any other coin locked in. If you look at CAKE, it serves little or no function unlike bnb... That said, money will still flow into layer 2s and there are some early signs that's beginning to happen e.g crv and matic... And they'd sure outperform eth at certain times of the market but not in the long term... The main reason I hold layer 2s is to use their intense rallies to boost my layer 1 portfolio..... On cake for example, I'd convert some bnb into cake if it bleeds into the lower levels... 6 Likes
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| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 9:19am On Nov 27, 2021 |
Sailor1: Cake/bnb... Cake has been shockingly underwhelming against bnb... Brings me back to portfolio allocation
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| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 9:45pm On Nov 25, 2021 |
Misyarn:When I see posts like this, I want to exit the market... The time to buy was in May... Wait till we have another May event 9 Likes |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 9:41pm On Nov 25, 2021 |
StrafordSTONES:I'm not about selling the exact top- no one can. Neither am I attacking your trading style. Personally, I do prefer to take profits on the way up and not capitulate at the bottom of a pullback. I did deploy some fresh fiat yesterday. Hoping next week gives another opportunity. Generally, I aim to buy low and sell high except when I think the market top is in 3 Likes |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 9:38pm On Nov 25, 2021 |
Ibime:The mcap is very healthy moreso considering the tvl... On crv, I'd let it run for a while... The breakout was 4... Would be targeting 15-20 on it initially 3 Likes 1 Share |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 9:33pm On Nov 25, 2021 |
Mazinewmoney:Ioi is not a coyn I've heard of and I'd rarely ever chart coyns I don't follow... Aside the chart, there are other things I try to guage in a coyn... Looking at ioi chart, it's been on a recent rally. Usually, when people ask me to checkout coyns and I pull up the chart and see it's been on a recent rally, I just switch off. My trading style is not to chase pumps.... If I was looking to get in it, I'd trade it kust like the thousands of other microcaps in the market- buy low and sell high. Regarding where I buy, I've shared thoughts on how I get in at the daily or preferably the weekly support. All said, I read your debacle with the scammer. I do believe you'd benefit by allocating your portfolio in order. Chasing one microcap pump after another may likely leave you pants down at the end of this run 6 Likes |
| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 9:11pm On Nov 25, 2021 |
Yesterday, I deployed some fiat into to the market... Too many coyns were at support so I decided to delve. I have been waiting for a while to deploy some fiat and like stated before, I was looking more at coyns with under 5b Market cap If the next 1-2 wks provides another dip, good chance that'd be my last purchase of this market cycle Got some crv and chz with micros, I got some lina, burger, slp and paper 7 Likes 1 Share |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 9:13pm On Nov 24, 2021 |
Ibime:Let's see how it pans out... Would have been more concerned if it was say coinbaz |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 9:11pm On Nov 24, 2021 |
StrafordSTONES:Good you protected your capital... But lemme ask, wouldn't it have been better to close your positions when betece was above 65k 1 Like |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 9:09pm On Nov 24, 2021 |
toby345:Mostly... Except on certain occasions when I'm target the 4hrly e.g on a meme coyn 1 Like |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 9:07pm On Nov 24, 2021*. Modified: 1:59am On Nov 25, 2021 |
adebolamide:You should look for another place to propagate your scam We should report such posts as scam. Rule no 9 I believe... It's high time we rid this place of such folks 22 Likes |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 9:04pm On Nov 24, 2021 |
mulannoire:It depends on your target when you got in... 7 to 51 is x7... On re-entry, I usually target the daily or weekly ema. It does have some weekly support close to the weekly ema I got in later and looking to ride it slowly till I exit 2 Likes |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 3:40am On Nov 24, 2021 |
stewiepeter:Quoted below was my first response to you when cro was at 0.77. roughly 4x from breakout jedisco:If you look at the post you quoted, I was clear that when allocating my portfolio, I considered getting some cro as part of my exchange token but later didn't. Then cro was between 0.1 and 0.2. From current valuations to 2usd is a modest 2.5x Like I said, I wouldn't buy a 20b mcap coyn that has 4x in the preceding 3 weeks. It doesn't matter if it does another 100x afterwards. That's not my trading style. Feel free to quote me when your targets are hit so we can celebrate 12 Likes |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 3:24am On Nov 24, 2021 |
Ibime:If I get you right, there are two patterns I follow. Both are tricky but have clear invalidations if timed well. The risk/reward is usually sensible. I don't allocate huge sums to them as an ensuing rally should cover up The first which I believe you're referring to is when a coyn goes on first impulse rally... I watch the selloff and if it holds good structure on the way down, I target the bounce zone which is either the daily or weekly support... The ideal prerequisites are that it has to be the first impulse rally, it has to have some sensible volume (not just a wick which some micros are notorious of), the selloff also has to have some structure. Good example is mana... I've posted the daily chart.... The second is when I preempt coyns that have a habit of pumping heavy. Here I just get in early and wait... Of course things like mcap, market condition e.tc have to be looked into as past performance doesn't necessarily guarantee the future.... But then, it's generally based on the fact that certain coyns tend to move in certain ways. This is where wrx falls.... Here I focus on the weekly chart alone and don't actively flip it. Rari pump you mentioned doesn't quite fit the first criteria... It's the hourly chart and just looks like a good old whale manipulation on lowcap coyns 5 Likes 1 Share
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| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 3:02am On Nov 24, 2021 |
Ibime:Toh... E don run leave me..... No need to chase At 9b mcap, it does have room to rally.. But if I was to enter, I'd wait for a retrace to the daily or weekly ema... Looked up the daily chart and yesterday's candle wasn't a nice one.... Let's see how today and tomorrow closes 2 Likes 2 Shares
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| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 11:10pm On Nov 23, 2021 |
Ibime:Egld has done well... Funny enough, when it broke ATH of 200 shortly after kava, I opted to go with kava which has been stalling... I'm not so familiar with EGLDs blockchain but such investment will help prices.... 250 would have been the cutoff for me though. I'm seeing luna as a long-term play as I fancy their offerings... If it can do 3-5x with time, I'd ease into ust and just let it accumulate interest. On CRV, still not into it as much... Was hoping on a further dip into the weekly support.... But I'm bullish on it.... Expecting a 4-20 trip on it at least I'm riding one... Loved its weekly close... Sensible market cap too... Hopefully, its my bluechip of this rally... Really need some of my coyns to do a shib as I need extra liquidity 10 Likes 5 Shares
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| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 10:29pm On Nov 23, 2021 |
Khaytunechi:It depends on where you staked. For binaz, if it was thru locked staking you may have to forfeit the profit... With staking on defi, you could pull out when you wish .. eitherway, the conditions are usually written or could be clarified online. 2 Likes |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 2:02am On Nov 22, 2021 |
Suicide666:Slp... Seems the coyn has lots of loyal folks... Mk e pump mk all man chop. 1 Like |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 1:56am On Nov 22, 2021 |
Ibime:Not in it's layer 2s. After the lacklustre performance of eiths and bnb layer 2s, I'm largely still in L1s for now.. I just stake it on defi.... Took a tiny usd loan against my stack on aave... But if you're looking for where to buy, trust wallet supports c-chain... Traderjoexyz seems to be the most prominent dex on avax... Good chance you'd get most of it's layer 2s there 4 Likes 1 Share |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 12:58am On Nov 22, 2021 |
Enough fighting.... If bitc0in dips this week, for those who still have dry powder, can they share what they're planning to buy, at what price and with what percentage of their dry powder.... mk we get tips 7 Likes |
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