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 Investment › Re: Crypto Currency Investors Thread by jedisco(m): 9:49am On Oct 31, 2021 |
2. Sol.... After the initial rally from 40 to 200, it's consolidated for some weeks... I'd been waiting for the weekly support to trend up and push price up... That now seems to be happening... Good breakout last week and this is looking like a retest. 180 on this is a buyer for me... Anything less is discount... A continuation of the initial rally should take prices upto 300 at least 2 Likes 1 Share
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| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 9:40am On Oct 31, 2021 |
1. Matic.... A good weekly close abv prev resistance... I think ATH at 2.4 is programmed on this.... A dip to between 1.6-1.7 should be a retest of previous support and good loadup zone 5 Likes
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| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 9:37am On Oct 31, 2021 |
I'm still holding out for one more dip from bitc0in within the next 1-3 weeks before a breakout just so I can loadup... If that doesn't happen, and bitc0in continues to range, then alyts would continue to rally.... I scanned thru a few charts and would share stuff I think are imminent.... 9 Likes 1 Share |
| Investment › Re: Treasury Bills In Nigeria by jedisco(m): 9:22am On Oct 31, 2021 |
Still on the NSE, I still don't understand why it's much easier and cheaper to trade foreign stocks from Nigeria than our local ones. It's like saying it's easier for a Nigerian living in Nigeria to open a US bank account than a local one. It's not magic, the market would remain dry until some of these fundamentals are changed. The world financial market is becoming more global and folks are increasingly getting involved in different markets from different parts... So why lock oneself out? Tomorrow, they'd complain how youths are not invested on the NSE and I wonder if folks at NGX are dumb or what.... Recently, Kuda Bank raised a $500 m funding and that catapulted it to between number 5-7 of top Nigerian banks by market cap. That means one or two micro international consortiums can easily buy up significant stakes in any bank of their choosing. That left me wondering... Why are Nigerian banks that cheap? Looking at their quoted rates and associated liabilities and running costs, most are practically worthless... Fact is it all starts out with the market being manipulated to the benefit of a few. With time, everyday folks leave the market too draining the much needed liquidity and everything tanks... 1 Like |
| Investment › Re: Treasury Bills In Nigeria by jedisco(m): 9:08am On Oct 31, 2021 |
Hamachi:Rather than spamming multiple threads with this, why not put up a nairaland add... If there's good content on the telegram page, it'd grow without this |
| Investment › Re: Treasury Bills In Nigeria by jedisco(m): 9:05am On Oct 31, 2021 |
pafra:Your post is a sad one and too many people who bought then have such stories....but 1mil to 8000 leaves me scratching my head... Holding the stocks this long means that you went in for the long term. Folks would blame you for not doing this or that forgetting that you were largely a victim of a weak market. People would quote Warren Buffet forgetting that while his principles are sound, they're built on a fundamentally strong market. The US stock market has been in an uptrend for decades. It has about one major dip every decade and bounces back stronger.... In such a market, if you apply the right principles and search out the blue chips, you're made. On the NSE, the opposite is the case.... The few rich manipulate the market as they see fit with no repercussions whatsoever. If I put same effort I'd use to find a bluechip on the NSE into a strong market, my returns would be many times better. The sad fact is that if you had simply held the dollar in 2008 till now, you'd have outperformed 99% of people who invested in the NSE. Crypt0 is quite different, it's largely changed the game... 'If to say' doesn't help in investing, but if that 1 million was put in bitc0in in the early days and held, you'd be earning tens of millions in yearly interest by just lending out your Bitc0in. The onboarding process is straightforward. With the onset of tokenised stocks or commodities, one can buy crypt0 versions of stocks or metals that are pegged to the underlying asset. Even if one doesn't want any volatility, they can just buy a usd coin and earn interest on it... Of course, the crypto asset market can still be manipulated just like any other but it's very much an open one... It's no wonder why Nigeria has the highest rate of crypt0 adoption... Sadly such monies moving out affect the local markets. I'd say that if half of the money Nigerians had in crypt0 was channeled into the NSE, each stock would trade for at least 25% higher 4 Likes |
| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 8:37am On Oct 31, 2021 |
DieRich5:Nope.... While I was waiting for a entry at a rerest, to coyn took off like a rocket . If it retraces to 0.4, I'd get a position which I'd hold unto for a while.. Thing to note is that most sport tokens are built on chz... And most have been bleeding for weeks... A chz rally might just awaken the dead 1 Share
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| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 11:48pm On Oct 30, 2021 |
jobark:Didn't know... would have held on a lil longer |
| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 11:37pm On Oct 30, 2021 |
ThisisIkemefuna:Its gathering hype moreso with Facebook talk...aside that, i don't know much about the space... If the liquidity flows there, I'd look to make some quick bucks too... If I knew the pop was meta linked, I'd have not sold my stash early I've had a scan thru some metaverse linked tokens... Most have followed mana.... Only one yet to pop is axs.... But that coyns has gone from 2 dolls to 150 dolls in a few weeks... Thats surreal... 1 Like |
| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 11:33pm On Oct 30, 2021 |
Itzlinda:If I do, it'd still be to tge initial coyns I posted abv (keep, nkn, mana, perl, beam,ckb, blz )... Micros are tricky... All one can do is buy at a good time and wait for the pump... Others I'm more keen on are Chiliz and tfuel as they look more ready to breakout... All said, I don't want to spread myself thin by buying too many stuff.... 1 Like |
| Investment › Re: Treasury Bills In Nigeria by jedisco(m): 11:06pm On Oct 30, 2021*. Modified: 1:08am On Oct 31, 2021 |
Hamachi:Truly that's the case now.... But there was a time when young folks rushed in with their little naira, hoping to be the new Warren Buffet in old age.... Most were burnt irreparably and haven't returned eversince.... I remember making enquiries on buying stocks in 2007 wanting to use a good sum I was gifted... Thankfully, I didn't. A strong market should protect its participants by trending higher. The second issue is onboarding... Why should it be easier for a Nigerian to buy foreign stocks than local ones.... Before the CBN ban, one of the local fintechs started offering folks the opportunity to buy crypt0 in-app at the click of a finger... Why can't the NGX partner with our fintechs to spotlight local stocks? The onboarding process is just ridiculous.. On Crypt0, it had it's first boom in 2017, but before that the young had largely stayed away from the NSE since 2008. Today, crypt0 has attracted young Nigerians largely due to its easy onboarding process, returns, volatility and a strong market fundamental. Moreso, with the crypt0 space heading in the direction of earning yields on assets held, it'd be more difficult to convince a young Nigerian already in the crypt0 market to invest in local stock with the potential risk of devaluation while on the other hand, he can hold a usd stable coin and earn yields of upto 20%. 4 Likes |
| Investment › Re: Treasury Bills In Nigeria by jedisco(m): 10:51pm On Oct 30, 2021 |
petaling:Young people may be tilted more towards more volatile stocks but a good number still still balance their portfolio well. Penny stocks that usually provide huge volatility (to those who want it) can't do that easily on the NSE as the liquidity is very low...... I agree the decline of the market hasn't helped... Even if slow, once a market is moving upward with strong fundamentals, new money will find it's way in.... The best insurance a market can give is by rewarding folks who held through the bad times and bouncing back stronger... If folks who dumped the NSE after the 2008 bubble are not regretful after 14yrs, then new entrants would stray close. 1 Like |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 7:00pm On Oct 30, 2021 |
Whi knows what's making mana pump? Took my 2.5x on it and will look for a re-entry... This kind pump nawa 3 Likes
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| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 6:59pm On Oct 30, 2021 |
jedisco:Hehehe.... Le candle Will add some more coyns to my oda micros
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| Investment › Re: Treasury Bills In Nigeria by jedisco(m): 6:50pm On Oct 30, 2021*. Modified: 10:23pm On Oct 30, 2021 |
Another area fintechs could save the day is in the NSE. The stock exchange has largely underperformed and 14 years after has failed to beat its all share index high it reached as far back as 2008. Coincidentally, that was the last time young Nigerians were interested in the market. I've looked around, and I don't know any Nigerian under 30 who is invested in the NSE... I can extend that age to 40 and would still struggle to name folks..and I know a number of financially sensible folks... Nothing guarantees the death of a product/market as one that cannot attract younger folks or new money. A while back, someone wondered why it was easier and more straightforward to buy US stocks from Nigeria than buy Nigerian stocks... If the NSE is going to attract new and young money and boost it's thin books, then that'd definitely come by leveraging fintech.... Just a thought. 13 Likes |
| Investment › Re: Treasury Bills In Nigeria by jedisco(m): 6:35pm On Oct 30, 2021 |
On the recent viral publication by The Economist, as one of the bright spots, it was mentioned that Nigeria hosts 3 fintech firms valued at over 1 billion usd... Looking into this, its true.On the other hand, just 3 traditional Nigerian banks match that valuation. On this thread, there's the general belief that fintech=scam.... This seems to be a cultural issue. Look no more than SARS arresting anyone with an iPhone as evidence. In a hostile economy like Nigeria, building a company that crosses borders and is valued at over $1b is hard work... One begins to wonder if our banks are generally undervalued or if investors shy away by thinking they'd struggle to maintain profitability in the long-term. I struggle to think of any company outside fintech (aside those backed by moguls like dangote) that has started recently from scratch and come close to such valuation... To summarize, though it might seem easier to perpetuate scam online, in Nigeria, vast majority of scams are not via the internet. So no need equating a budding sector with fraud. 2 Likes 1 Share |
| Investment › Re: Treasury Bills In Nigeria by jedisco(m): 6:21pm On Oct 30, 2021 |
mymadam:On this thread, like someone said once, there are those who consider themselves as 'original members of the thread' who believe they should decide what should be discussed and not... Add that to the fact that conversations here easily turn to personal confrontations and you have a dying star |
| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 12:47pm On Oct 30, 2021 |
A common mistake people make in trading is selling the winner to buy the looser. There's a fine line between this and trying to maximize your position in the winner by exploiting lagging coins. When a coyn pumps... Folks go chasing similar coyns hoping to catch the next big thing... Most times, it doesn't work as well as what they're doing is practically selling the winner to buy the loser... I've made this mistake before. If you caught a rally on a coyn early, it's usually better taking profits and maximizing your position in same coyn rather than spreading your portfolio thin over numerous similar coyns hoping that one would pop as well. Good example is the recent pump by shib... Naturally, people who missed the rally would look for similar coyns to ape into.... In crypt0, it's unusual to have multiple winners... A few tokens usually win... In summary, if you caught shib, then u understand the coyn well nd might be worth maximizing it... If you didn't and looking for similar coyns, then it's worth getting into them early.. 3 Likes |
| Investment › Re: Treasury Bills In Nigeria by jedisco(m): 12:33pm On Oct 30, 2021 |
Why has this thread gone largely quiet over time? Is it because of the numerous attacks on folks or people just being largely intolerant of alternative options 4 Likes |
| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 2:41am On Oct 30, 2021 |
Doge.... Had a high volume breakout on the daily.... Now retracing... Good chance it holds the 4hrly support and pushes up. Not adding more as I loaded up at 0.2- 0.25
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| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 1:39pm On Oct 29, 2021 |
jedisco:Reloaded on shib yesterday.... So far, it's respecting the 4hrly support.... 2 things here... Either its completed an ABC correction and should push up from here or this is just a lower highs and lower lows and in that case should dip mmore. Either way, I'm chilled on this 3 Likes
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| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 1:35pm On Oct 29, 2021 |
A while ago... I bought some micros with a target of 2-3x in the short term... Gladly, some have started yeilding fruit... They were keep, nkn, mana, perl, beam,ckb, blz Keep did a 2.5x from entry... Mana is now on the move... Will look to to at close to 1.5 and hopefully buy back lowe or add if it flips ATH Going forward, I'm not keen on extending into other micros yet... But just compounding on chosen coyns... For coyns which have pumped, I'd double my initial entry position on a retrace and target another 2-3x 3 Likes
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| Nairaland General › Re: Calmdown Project by jedisco(m): 11:56pm On Oct 28, 2021 |
BUGOFF:Saw it but I usually limit my discussions to NL. What's it about? |
| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 7:15pm On Oct 28, 2021 |
Yoriwears:A number... Centralised exchanges such as binaz if the rates nd terms are good... Decentralised options such as aave for some projects too... I look at a number of things.... For erc20 tokens where the transaction fee is high, I don't move them as much... |
| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 7:12pm On Oct 28, 2021 |
BuisnessThrills:No one can so no need trying... Charts, indicators e.t.c can serve as a guide but no need tryna time the top... and frankly, you don't need to sell the top or buy the bottom to make good money from crypt0.... My focus is on fine-tuning when are generally good times in the market to buy and good times to take profits... I do both in stages 2 Likes |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 6:41pm On Oct 28, 2021 |
Haryoureendey4:Seems you're mistaken me with someone else.... Yes shib is a shitc0in no doubt and wouldn't make sense if bought at the start of a bear market. Go read my posts... I remember when folks rushed into doge earlier and I highlighted that it might not pump early as expected as the hype was elsewhere... I accumulated a good chunk of it before it broke out on this rally and have been in it. I targeted a 10x on shib for the duration of this cycle... it's done that already and cycle is still early. In summary, I've traded shib nd made money from it and would still make good money from it... That doesn't mean I don't take profits when I need to 8 Likes 1 Share |
| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 7:23am On Oct 28, 2021 |
GabrielYulaw: jedisco: jedisco:Made these posts on the other thread...hope u took profits b4 the selloff... On shitc0ins, I dont trade many I select one or two that work for me and stick to them.... Other coyns I trade have been discussed here... One should be able to eck a 2.4 out of matic soon. Sol at 180 -150 is a good entry too 1 Like |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 7:19am On Oct 28, 2021 |
jedisco: |
| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 7:17am On Oct 28, 2021 |
Good to see doge finally show signs... Most of my shib profits went here and I accumulated a huge chunk between 0.2 and 0.25... Most whi missed doge last time rushed into it early and were disappointed when it didn't move.... Looking at the weekly chart, there's good room to the upside... My initial tp would have been 0.32 but with such long consolidation, I'd let it be till at least 0.6 and re-evaluate. The monthly chart (2nd) has left me suspect for a while.... Don't like the arrowed candle it had in may... But these neme coyns do their thing
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| Investment › Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(op): 7:10am On Oct 28, 2021 |
Please can we stop promoting suspect features including trading software, they mostly do not work. 8 Likes |
| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 7:04am On Oct 28, 2021 |
jedisco:As with most things, it's always better to take profits on the way up... One cant time the top of such pumps... But they always end in one way- the majority being offside... As of yesterday/this morn, both here and Twitter... One thing was clear- the top was near..... The hype was off the roof and very few over the past pages though of taking profits... It's easy to forget that this coyn has done 10x in less than a month.... With most rallies, I want to align my thoughts with those who bought the bottom... Not those who jumped in at the top and expecting the moon... I'm bidding the 4hr support hoping for a quick bounce... Hope it holds.. 0.88 might be the local top or not.. but one thing is likely... Shib would go on another run after a period of consolidation- that run will end in same way- folks calling for the moon at the top 5 Likes 1 Share
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| Investment › Re: Crypto Currency Investors Thread by jedisco(m): 4:03am On Oct 28, 2021 |
nna777:When splitting my portfolio, I targeted an x10 from shib over this run... Just didn't know it'd come this quick..... I haven't got an x10 yet as I played within the range too much but could still eck it out ... It's rally has had some similarities with doge during the last run.... Doge first move was from 0.0045 to 0.015, consolidated a bit then moved to 0.088, then a longer bit before it rallied to 0.45 and finally to 0.75... Shib hasn't followed same exact pattern but there's been some similarities That's one reason why I took significant portion off at 0.85. Sellers turning up at exactly 0.88 confirms that area to be a level of interest. I'd either ride the rest or get stopped out. For folks who'd ask where the top is, that's for each to decide. I take profits where I see fit..... Irrespective of the top now, it does still have a run left in it sometime in future One thing to remember is that as the market cap increases, multiple upside moves will be harder as it requires much more volume... 6 Likes 2 Shares |
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