₦airaland Forum

EarlyCareer:
Great perspective.

Again, as much as I agree with you, jedisco, the focus is on the USA. Your comment, while being true, is a blanket statement.

Things are very different when compared with other developed nations. All you mentioned here is well obtained in Europe, Australia, and other good developed nations. My preference for Europe is because people have much better work life balance and living standards regardless of justified high taxes and other challenges too. Of course, nothing is free, the high tax is the price to pay.

Edit: on second thought, even a banker living in Ibadan has access to cheaper food prices more than a banker earning the same wages living in Lagos. If you could share a link to where you got that food price comparison, then maybe I'd believe that statistics you mentioned.

I wasn't into comparing the US to Western Europe and frankly I'm not holding forte for any...... In most of my writings, I clump them up together as 'the West'. If I may, I'd say each group have their pros and cons with none being perfect. The US is more capitalist and Europe has a good socialist sprinkle. I'd say, for folks well qualified in good paying jobs, the US generally gives higher financial returns with less taxes comparatively. Western Europe OTHO has a better social safety net for those struggling. I do not include tax havens for obvious reasons. There's a reason why most of the wealthiest folks/largest corps are in the US. While Nigerians migrating could look into what place is more suitable, fact is very few have the liberty of multiple options as other dynamics are involved.

On food, it's quite clear. Affordability and being expensive/cheap is not just a function of surface price. Nothing tells how 'cheap' food is in a nation or state as the percentage of their population (moreso children) struggling or dying from hunger or malnutrition

I like the sound of man city token... Hence I staked my chz to earn it.....apr of 11% isnt bad either.. I'd look into it after the initial post listing dump


With a number of football club tokens being released, I expect chz would show strength in the coming weeks

For those asking, this is not the ltc dump I was referring to.

It usually occurs 1-2 weeks after an ltc pump..

And as seen, ltc has a habit of going back to retest previous support which usually correlates with these dumps...

So what would confirm bias would be a strong weekly finish on ltc l(likely at 300) and a pullback in the coming week to retest 200-220

Usually, when bitc0in dumps and I want to gain entry for a quick swing, I look for coyns that have made a strong bounce.... So far, I see hnt, hbar, and sol.

All said, bitc0in will usually return to clear the lows of the initial dump in the coming days to weeks.... Hence giving another entry

Ibime:
Oga Jedisco, which coins are on weekly support?

Haven't really scanned around.... I know ada was on it, but didn't add much as I was ok with my size... Xrp also...

I'm trying to get entries on coyns I've been looking to get into for a while

One good example was a while back when someone was arguing that food is much cheaper in Nigeria than the West simply because he was looking at a direct exchange conversion. It was after breaking details down I explained that food is at least 3-5 times relatively more expensive in Nigeria than the West.

When I see some news on front page and how its glossed over, I sit down and think.... Just imagine that 250 kids went to school in the UK/US and did not return cos they were kidnapped.... The president would sure fly in, numerous enquiries would take place, lots of people would lose their jobs, even our own president will 'stand with them' and send consolatory messages. Yet it's become a frequent occurrence in Nigeria.

Another is the complaint about taxes here. Another thing folks fail to see is that Western nations need their citizens to work and pay tax or else, the government would have to pay them benefits. That means that no matter the legal job folks there are doing, the minimum wage is structured so that one can live a sensible life off it. Same also, no matter how high the taxes there seem to be, they are structured in such a way that it should makes sense to work and pay. On the other hand, in Nigeria, you need to work to live.
That's why I find it odd when folks here keep talking about high taxes in the West... If it was so straightforward, folks there would be rushing to live here so they don't pay tax.

I can go on and on.... Fact is it all boils down to perception.... Dangote saying he's broke is quite different from Fashola being broke and also different from the akara lady being broke.... Not everyone will prosper if they migrate but a good chunk will be able to eck out a more sensible life in the West if they put in same effort they put here in Nigeria


P.s. this has nothing to do with financial instruments

Alot of sarcasm has been shared over the last two pages...

Some comparisons can be like apples and oranges if not put into perspective. Every nation has its challenges and of course, there is no free lunch anywhere. But then, opportunities differ. Some of our perceptions are worsened by those who feel western nations are without challenges or by those back home who feel relatives in diaspora are plucking money from trees.

Problems can be relative. When citizens in Western nations complain about certain things e.g security, education, job.. among themselves, it's worth asking them what they feel about same situations in African nations... You'd be surprised at how they see us.
Like the post from Reddit subgroup, ask those folks what they think about migrating to Nigeria and see their response.

To me, it all boils down to the pyramid of need... It's not just individuals that be be graphed on it but also nations.... What a nations in one group mean by poor work conditions is usually very different from what nations in another group mean

NOBODYY:
Please recommend for me, or mentor me .. I’m a fast learner which is what is frustrating me that I’m not getting the right resources to study with.

There are lots of resources you can look out for online.. YouTube e.t.c.

I did start a thread focused on the bigger moves in crypt0 and also share some resources I find useful

DieRich5:
bad..........if ltc pump mean the market is going for a down travel

Lets see if this time is different

Cannicus:
Na to buy Ada now and recycle it's top into FTM bottom.

Rinse and repeat till January when Ada is expected to moon or die, then know which one to HODL for long term.

Hehe... Like say e easy... Na hodl I dey

DieRich5:
Ada but I'll wait for a little dip b4 getting in but ftm will be on my mind for trading cus it moved fast than Ada and sometimes coins don't know TA ND just do dere thing

Low cap coyns are less likely to follow TA but in the duration of a bull run, coyns will come to retest support from time to time. Nothing goes up in a straight line

dayo229:
No be you talk say when LTC pumps most at times signifies imminent market dump

Na observation of wetin dey happen b4... Lets see how next week plays out

Mumben:
To ur question, personally I think Buying ADANNA makes more sense cos it is just a little above the weekly Ema. On the contrary, FTMM is way above d weekly Ema and not at a good entry point

@jedisco, oya rate me cos me na learner. I am learning d ropes from the gurus on this forum

Hehe... You're doing well...

Though ftm is a much smaller cap and less likely to respect TA, still, in a trending market like we have, I always prefer to get into a coyn on the weekly support.
Its all about risk to reward

Most coyns will have their time eventually

2nd question....

An ltc pump.... Good or bad?

Quick question guys/ladies....

Both these coyns have different market caps and could behave differently hence not a like for like comparison...

But all things being equal, which of these would you be more comfortable buying at current prices

Tobex4realTobex234:
Nigeria see your mate. For context, inflation in Kenya is around 5%.

But Nigeria with double digit inflation, they offer abysmal rates.

A rate of 12% today might come to hurt them later like we've seen in Nigeria and a number of countries especially if kept that high for long.
I still struggle to see why a central bank would be offering >10% rate on bonds to portfolio investors. Most of that new money injected does little or nothing to increase productivity..... New money should be tied to economic activity or infrastructure except we're saying the Kenyan economy or their central bank revenue is growing at >12% to be able to offset the debt without printing new money...

I've struggled to see any robust economy with current bond rates of more than 5%. Look at the US and most western nations, they've upped their budget by trillions to enable them spend significantly on infrastructure. Yet these nations largely retain close to zero or negative rates... Why is that the case? Mostly government rates there are tinkered with just to affect the larger borrowing rate and not to reward unproductive money sitting in the bank.


On the other hand, what I find impressive is their straightforward and easy onboarding process. Everything can be done easily within a banking app. Which still brings me to a previous point. The Nigerian financial markets can take a lesson and leverage technology to bring offerings directly to consumers on platforms they're already using.

In this run, I don't always see an ltc pump as a good sign.... It's usually about the last major to move and does that before a selloff...

Currently trying to flip a mini resistance level at 230-250. Next main resistance is at 300... Good chance it gets there this week.
Also the weekly chart shows another example of a coyn hugging the weekly support and putting in small green candles which usually culminate in a large green one.... Hence back to my post on gaining entry and risk to reward

Lets see if this time is different....


P.s. looking at old largecap coyns, lets see if ltc follows suit

Gaining entry in a trending market can be tricky....

Ideally, one should gain most of thrir entries close to the lows or when the market is still in the early stages e.g at 30k and add up a few more on confirmation of bias if they want to.


The 21week ema is the most trusted one for me. This stems from the fact that bitc0in and most huge volume coyns will usually hold this support for the duration of a bullrun and keep bouncing off it

I loke to review things from a risk/reward ratio and targeting that gives me a better entry... Also,ost times, when coyns are testing their weekly support, the hype usually dies downand that's the best tym to scale in...

I'd use two recent coyns as example. Though the mcap od ADA is significantly higher than FTM hence mot a direct comparison. I found it easier getting exposure to ADA last week when it was hugging the weekly support (and out of the news) than an entry to FTM (which is about 2x its weekly and seems to be trending). Just as we saw earlier with sol, I wouldn't be surprised ftm cools down and consolidates at current prices for a bit until the weekly comes to push price up.

NisforNicky:
Holding feg

Could you do a chart analysis please?

It's a sh*tcoyn... there's not much to analyse on it...

It looks to have exited its accumulation zone.... But for a coyn with 1bil market cap, it needs significant liquidity to move which is something CEXs bring. I believe that's where shib edges it...

Rubby1:
I hold almost billions Feg

Hehe.. billionaire

Smartlife:
Do you think big exchanges will list Feg? I don't think so. They were even delisted on some exchanges because it went to become an exchange.

It's like Binance listing hotbit token, and KuCoin listing MEXC token. It's not happening.

No idea... Never owned or traded it...
But since it's exchange is a dex, that shouldn't be an issue for centralised exchanges listing it. The likes of cake, uni have their own exchanges

olaolu11:
Pls critique these coins.
Ada, bnb, BeTC, link, dot, bch, cuz, WRX, sun, axs, cake. As regards their capacity to blow(potential). in future. Which should I accumulate more?
Also can you recommend some low cap coins I can accumulate for future? Thanks.

You're the one to critique coyns you want to hold...
I share thoughts on coyns in my portfolio from time to time and most times, I buy nd sell tokens without discussing them too..

My tip would be splitting the coyns you're looking at into the different groups of crypt0 tokens there are both by type and market cap, pulling up the weekly chart of those tokens and take things from there

GabrielYulaw:
Good evening. Much thanks for your response. All I can say is that you are unusually perceptive.

There's something though- I kinda see Trust wallet token as a BNB in the making. With that token you get cheaper fees on the Trust wallet app and you can swap the token with other tokens. I just feel all that token needs to jump high is for a killer feature to be introduced.

If you see alpha in it then why not... It could bring you good rewards in future

The cheaper fees are only on the dex within the app right? Or does it also give cheaper fees for interracting with daps on different blockchains ar transfer of tokens which is where most fees are burnt.

I'm tilted more towards bnb which its all built on and some projects within the binaz ecosystem

DieRich5:
u still bought SLP I remember we talked about it last month

Not yet... I tend to take my time with such micros and wait for the right structure and entry...

Who here remembers feg....

I remember it pumped early this year with shib and after the selloff, left folks rekt....

Of recent it's crossed my mind but I'm wondering why the market cap is abv 1 billion usd.

It obviously doesn't have thesame coverage as shib... Not on any centralised exchange aside gate....
Perhaps, it's time will still come as exchanges find shiny stuff to list

Anyone here still holding feg?

OllyArt:
Ops! Am just this now i got liquidated the past few days so i don left crypt0 for you people till next year because i no understand what the market is like �

Hehe...

Hope you wouldn't return to buy the top...

Lesson learnt. Crypt0 is risky andvolatile enough to make money without leverage. People trade other markets a whole year to make the kind of gains Crypt0 could give in a week. So why add more risk with leverage?
Over 75% of leverage traders are liquidated within 3 months.... I have seen very very few leverage traders who've actually made and retained money in crypt0

jendoslim:
Boss, I made my predictions based on the weekly and monthly chats. I noticed nearly all are @ the support level for sometimes now, so, I project in couples of months, it should appreciate.

Crude analysis I must admit

Using the weekly/monthly chart isn't crude. It's a tested way of gaining entry into a trending market. On structured coins I want to buy, I target a retest of the 21 week ema on the weekly chart... Generally coyns keep bouncing off this until they top out.

I've made alot of post about my thoughs on portfolio allocation. There's definitely no right or wrong but it does seem like a number of the coyns you've picked belong to a similar group. Either way, if I was looking for an entry, I'd use the pattern outlined above

@GabrielYulaw

Game and nft tokens are generally not my forte... But then, no hype lasts forever.

Looking at charts, axs only very recently was at 2 usd. At 150usd currently, it's rise has been huge. It can't go up forever. Moreso it's market cap is now almost 10 billion and it'd need more volume to move. Sooner or later it'd form a distributive range

Sxp chart ain't great but portends a better risk/reward....
Further movement on both will depend on their platform, demand e.t.c which I'm not in the know about.
BTW, I have some axs which I staked....

On twt, I don't see as much potential.. I wonder what utility it has. Trust wallet itself is owned by binaz. Of course it'd pump when the time comes but I wouldn't compare it to bnb... Bnb is one of the strongest but underrated tokens out there.. it's utility within its ecosystem is huge. Over 35 billion usd is locked within the binaz smart chain which is fuelled by bnb... Even just on binaz, there are lots of perks that come with owning bnb... Lots of bnb is used to pay transaction fees. Also, theres the regular burn where certain amount of bnb tokens are destroyed. Aside eith, very few alyts (if any) has as much utility as bnb.

One mistake you're making is ranking tokens on the basic of trading price which has little or nothing to do with profitability in this market. I'd rather use market cap over time to guage strength. Ada sells for 2usd but its market cap is 20x more than mkr which sells for almost 3k.

jendoslim:
Gurus, I need your help.
I picked out some coins for HODL for some couples of months, say 3-4months. I need you inputs on it

#SLP
#WIN
#SYS
#SUPER
$SHIBA

I am splashing $200 on each of the coin, what are its probability increment going to be please

Let me ask, why did you select the coins on your list?

NisforNicky:
Interesting..........

Jedisco, do you DEFI?

Could you look into ROX and FEG charts please?

ROX was $51,000 yesterday

Yeah, I do delve into the defi space a
I generally avoid analysing charts except on coyns I'm already trading....
Also, here I try to focus on larger market moves so as not to make the thread unnecessarily longer than it should be. The other thread is better suited for chart analysis

One thing I'd say is that Feg has piqued my interest lately moreso with the shib pump... I remember it was one of the coyns that pumped with shib and people rushed in only to get rekt.... I'd seek out the chart

unite4real:
Thank you. Quite insightful

i was actually looking at it from a long term perspective. From reduction in import bills, from the amount of Trade Nigeria will create in the sub region, it will be huge but the political class will be a massive problem. We just need fiscal responsibility

The benefits will surely accrue.
Factually, it's not difficult to turn Nigeria around. The right decisions have to be made by the right people