₦airaland Forum

ayowoleoa:
I'd really love to know and learn more

This is all you'll ever need: https://blog.quidax.com/how-to-do-crypto-research/

If the risk is about 90% without researching before investing in cryptocurrency, then I can assure you it'll be less than 50% after a proper DYOR — doing your own research.

Ask for the link to the tips in the comment section, so you can unlearn, learn and relearn from a well curated thread on how to research effectively. It continues to help a lot of newbies, and professionals revert to it all the time.

The tip was divided into a five subtopics especially to help lazy readers, and now they have no excuse, believe me

Well, I can understand from your perspective, but do you think the dollars are even available from the beginning?

I feel it's time people starts adopting USDT (a stable crypto pegged to a dollar value) - this can be minted once equal amount of USD is available as collateral, so it's more preferable and Blockchain keeps it transparent and safe from hacks or market manipulation such as one seen from the fiat USD.

Quidax Crypto Community on Telegram don't stop educating their crypto buddies and members of the public about the need to adopt USDT and feel safe from all worms of inflation and fears that your salary won't ever be enough to spend. You can join by firstly sign-up a free account on Quidax..com website to get started.

Also, opening a Domiciliary Account in Nigeria won't help either, especially small business owners like us

Please ask those operating Dom Accounts how much they're being charged for maintenance fee per year – it's nothing less than $10

Meanwhile, there's going to be discussion between the differences:
<Why you should choose USDT over a Domiciliary Account>

Set an alarm up for 7pm today | Venue: Search for @QuidaxGlobal on Telegram to join.

If you won't be able to attend, then sign-up a free account on Quidax.

1 USD/USDT is now N680

Inflation will soon eat all our savings up

Putting at least 20 - 50% of your earnings, in USDT every month won't be a bad idea.

So...
I paused updating about the price for few days, N20 has been added over the course of 2 days (Monday 25th and Tuesday 26th)

Now's the time, stop overthinking it, except all your consumables including clothes are locally made and not imported then you may not worry yourself.

I hope we achieve the highest level of production in this country, then we won't have to worry about stacking up Dollars, or else...

So I started posting about the price of 1 USD last week Monday (18th July), price was at N618 per USDT on that date.

But guess what...?

The crypto market has started recovering small small - I'm sure red is coming soon as usual, cause the market is yet to fully recover...

But is this how we would keep waiting for it to rise and fall as usual, what other function can cryptocurrency do? Can Blockchain really change the world as intended even though many crypto people and companies keep saying this?

Let’s face it: The bear market has lingered so much so that such questions are perfectly normal- if not you, then maybe someone around you has asked this question.

Gbenga Onifade of Wealth-Hackers will be speaking on Quidax Global Community, to provide the needed answers to this questions, cause I'm curious too.

Topic: A Future with Bitcoin – Can Blockchain really change the World as intended?

Time: 7:30pm (WAT), today (22-07-2022)

Venue: Search for "@QuidaxGlobal" on Telegram

You find it hard to communicate or relate with people with similar interests, especially in the crypto space... Read ahead

I know it can be difficult to wanting to share you prowess and relate with people with the same amount of energy as you're but it's either people aren't interested or find it hard to relate with you because of how passionate you're, I was once like this so I understand the feeling better than anyone else

Join a crypto community (search for Quidax Global on Telegram) of crypto professionals and enthusiasts, capable of discussing crypto from morning till another morning, sharing of signals, free learning plus technical analysis, and important updates to match the same the current market trends.

It's all FREE, and guess what?
You can even get crypto certificate after spending 10mins on the beginner's course to test or retest your knowledge

The higher the risk, the higher the reward, I'll always choose Shares and Crypto, they both have the same risk and their correlation can be amusing most times.

For crypto: choosing the perfect strategy and crypto wallet for profit and protection respectively is very important.

Shares is similar, as security over funds is strictly emphasized everytime unlike Treasury bills that may, at a point, not return any yield or discouraging yield.

Crypto remains the perfect choice of investment for vibrant investors, as you can even protect your capital from volatility by moving them into Stablecoins after making a small gains. In this case, it's better to buy crypto and hodl (hold) it for long-term. A reputable crypto exchange that I use, allows you to buy your first crypto such as Bitcoin for as low as N500 [https://quidax.com/c/buy-bitcoin-nigeria/]

I've been storing mine on a CEX exchange such as Binance or Quidax [http://Quidax.com] for better security and record keeping, I can be too careless with my seedphrase cause I trust people, so much that they hurt me, financially

Currently, bitcoin is 69.72% below past all-time highs, with the peak of the drawdown reaching 71.86% on May 18. Bear markets of bitcoin’s past saw drawdowns of 93.08%, 84.82% and 83.47% respectively.

Bitcoin is here to stay. Our job is simply to survive. Do you also think we can survive, let me know your thoughts

Short History

In the last 6 months, Bitcoin has crashed in value by more than 60 percent, many crypto traders have been panicking because of this which sent the Fear/Greed index to 11 at the time of writing.

If Bitcoin’s history is anything to go by, we can expect a potential boom. In 2017, Bitcoin rose from $1,000 to $20,000. In 2020, it dropped to $12,000, went up to $63,000, and dropped to $30,000 within the same year. Then, in 2021, BTC went as high as $69,000.

With these upward and downward trends in Bitcoin prices, it’s safe to say Bitcoin will rise again – hopefully, sooner than later.

The Boom and Crash

The Bitcoin boom can be attributed to a rush of interest, first in Japan and then in South Korea, which in turn had a resounding effect on the ALTs market during early 2017. The crashes soon followed in 2018 after a Japanese exchange was announced to have suffered an attack of over $500m, which was later revealed to have been false. No Bitcoin was stolen after all. Other crashes ranging from the COVID-19 to FED rate hikes, inflation, and correlation to the stock market are also dealing with the first cryptocurrency even now.

What to expect next?

Bitcoin's previous booms were all driven by small investors rushing into the market in the hopes of making a large profit in a short period of time. Its subsequent crashes occurred as a result of regulators, the broader market, or concerns about the sector's risks causing bitcoin holders to cash out.

Those trends appear to be continuing.

You can also read more on how the Chinese New Year [https://blog.quidax.com/how-the-chinese-new-year-affects-bitcoins-price/] affects Bitcoin's price.

Have you or anyone you know gotten rich off of cryptocurrency?

Rob, a 35-year-old supermarket warehouse manager invested $8,000 in SHIB in February 2021 when the price was around $0.0000001, and he has partially cashed out to become a stay-at-home dad.

The $8000 in SHIB provided him with an allocation of 800 billion tokens. When the token price skyrocketed to an all-time high of more than $0.000035 in May, Rob cashed out a portion of his holdings to deposit $500,000 into his bank account.

Rob still has more than $1 million in cryptocurrency after the token's price surge in October. He intends to HODL the remainder of his tokens.

The funds enabled him to leave his $68,000-a-year job to stay at home with his son and participate in online discussions about memecoin projects with the other 5000 people who also purchased SHIB at All-Time-Lows.

Takeaways: This all happened in 2021. Read all related factors that produce the 2021 SHIB millionaires on this blog >[https://blog.quidax.com/news-roundup-8000-ways-to-be-a-billionaire/]

Every month, someone makes billions from investing in cryptocurrency, such as the guy who turned $8000 worth of shib into $5.7 billion. Despite the fact that Quidax regularly provides free cryptocurrency to customers who sign up on their website, Quidax discovered something interesting during the process...

Showing you how to make money in crypto on your own will go a long way:


1. Arbitrage

This opportunity is there because crypto prices have a small difference on different exchanges. For example, the price of one Bitcoin can be $1,000 on Quidax and $1,100 on another. So if you buy it on the Quidax and sell it on the other, you’ll make $100 profit.


2. Day Trading

A day trader could buy Bitcoin [https://quidax.com/c/buy-bitcoin-nigeria/] at $980, wait for it to hit $1000 and sell it, pocket $20 and repeat the process many times. Eventually the profit will stack up.


3. Crypto Staking

For instance, Quidax has its QDX token [qdx.quidax.com], which you can stake to get free airdrops. We’ve already airdropped Shiba Inu (SHIB), Polygon (MATIC), and Cardano (ADA), and we have a lot of other airdrops to come. If you want to enjoy these free airdrops, buy at least 500 QDX today and stake it!


4. Buy and HODL

HODL means ‘Hold On for Dear Life’. In crypto, it means buying a cryptocurrency and believing in it so much that you hold it and refuse to sell even when the price goes down. One example of a coin that people have profited from HODLING is Bitcoin.


5. Referrals

Quidax currently has a referral process where you can earn money by telling your friends and family about their Exchange and signing them up. Once they make a trade, you and your referral will earn money! Read the referral details here: [https://blog.quidax.com/refer-a-friend-to-quidax-and-get-rewarded/]

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19. Becoming a p2p Trader

This means that you can sell your crypto to people looking for a way to buy. You can also buy from people at a low price. Always make sure you are using a verified exchange P2P like Quidax platform to avoid getting scammed.


20...

Aren't you tired I keep typing the strategies when I can just drop the link [https://blog.quidax.com/how-to-make-money-from-crypto/] for you to read all of them from the source I copied it from

I got the link later, after I already typed 6 out of the total 20 strategies, my bad

Based on the current market situation and the research we’ve sort of done on Traders and Investors behalf, you should definitely consider this week’s coins.

1. Bitcoin (BTC)

Overall, Bitcoin is the best cryptocurrency for beginners to purchase in July 2022. Have you ever questioned your ability to purchase Bitcoin in spite of its high cost? Bitcoin might be the most undervalued cryptocurrency to buy right now if you're just getting started in the crypto asset industry. This is due to how much less volatile the dominant cryptocurrency is. After all, in terms of market capitalization, Bitcoin (BTC) is the largest crypto asset.

Over the first few months of 2022, Bitcoin's price and worth have been locked in a consolation period, fluctuating between pricing levels of $18,000 and $22,000. Having said that, forecasts for the price of bitcoin indicate that it will surpass $75,000 by the end of 2022. So if you’re looking to buy Bitcoin [https://quidax.com/c/buy-bitcoin-nigeria/] and hold cryptos for the week, you might want to consider investing in Bitcoin.


2. Cardano (ADA)

Have you seen the news lately? A sure top choice to invest in today is Cardano. The project is a popular, fast-growing blockchain technology that stands for secure and sustainable blockchain with ground-breaking use cases. For instance, Cardano is capable of “redistributing power from unaccountable structures to the margins.”

Its native cryptocurrency ADA has recently acquired expanded attention as one of the increasing numbers of proof-of-stake blockchains under construction in the crypto environment.

The Cardano project defines its protocol as a blockchain of the third generation intended to enable smart contracts with future applications of quality control and governance of the supply chain. The digitization of money could have a huge impact in the market in the short-run, hence it’s only expectable that crypto coins such as Cardano could rise in power in the course of the week.


3. Shiba Inu (SHIB)

Shiba Inu is the second largest meme coin by market capitalisation. This, coupled with the fact that the number of wallet addresses holding the Shiba Inu token has increased drastically over time.

The digital currency, despite its large supply has a burning strategy plan set to reduce the quantity of the coins in circulation per time and has always shown a considerable recovery over the little time bitcoin recovered in the past week and has reduced in its dumping rate.
Recently there was a considerable burn by the community which is believed to help the price of this token over the coming days.

The price it is currently seems to be a giveaway price for interested investors.
My only ask is that you remember where you got the tip from and cute soap accordingly


4. BNB

Another premium crypto to add to your watchlist this week is the BNB.
The Binance coin is the mostly used exchange coin in terms of trading volumes and number of users. The crypto exchange's native crypto asset – BNB is also used for investing, payment processing and booking travel arrangements.

It also recently announced a signed partnership with one of the world's leading football players Christiano Ronaldo and the most tik tok influencer, Khaby Lame. These are good events for the ecosystem that are expected to draw the attention of investors and more followers to the BNB coin and should help in increasing the price of the coin over the week, or even reduce dumping volatility if things should go otherwise.


5. Ethereum (ETH)

Ethereum is the de facto choice of the best cryptos to invest in July 2022.
Fun fact: Most cryptocurrency projects analyzed in this post are built on top of the Ethereum blockchain. In fact, this seems to be the case with virtually most of the meme coins and metaverse projects that we came across today – so it goes without saying that Ethereum should also be considered if you wish to invest in the crypto market this week.

Ethereum has also experienced a tremendous hike in its price. From 2016 to the early of 2022, its price went from about $10 to over $3,550, increasing more than 32,000%.
Most analysts estimate that the value of Ethereum (ETH) has plenty of room for growth ahead and investing in Ethereum is a good decision for the long-term.

Therefore, it could be a good time to buy and hold Ethereum while the digital asset is currently in the trenches (undervalued).


There you have it guyss
Asides these 5, which other cryptos are you looking to add to the portfolio this week Let me know below plssss.....

Causes of the dip

After initially deviating above the $21,000 horizontal resistance area, the largest digital currency fell as much as 5% to $19,870. The year's low is currently $17,620. As more downside looms, other alternative cryptos are suffering the same fate.

It appears that the market is still digesting the impact of tighter monetary policy on all risk assets, and crypto is suffering as a result of correlations. I doubt the regulatory bill is still a cause for concern because the market has already accepted it, so it's a battle between bulls and bears right now.

Will Bitcoin ever recover?

There are numerous reasons why you should remain calm and believe in Bitcoin right now. Because those looking for short-term gains are frequently disappointed, hodling and long-term has always proven to be an excellent strategy during panic times like this.

The same reason why Microstrategy's M. Saylor and other billionaires continue to buy Bitcoin [https://quidax.com/c/buy-bitcoin-nigeria/] despite the rumors and speculation, is for long-term.

Don't mind him.

What exchange requires so much when Quidax allows you to buy Bitcoin and other cryptocurrencies for as low as #500?

And while looking to make profit from trading crypto, you need to learn the basics of trading and how to do DYOR properly. It’s also important to choose a perfect crypto community to vibe with investors with the same enthusiasm. There, you’ll learn almost every day what crypto to buy, how to buy it, and which exchange to buy it on.

Majority beginners prefer to buy Bitcoin [https://quidax.com/c/buy-bitcoin-nigeria/] and other cryptocurrencies on an exchange that allows you to store, send, and receive cryptos so they can monitor their portfolio securely, which makes security the first priority while looking to make a profit.

Whatever choice you make, always think long-term and seek guidance from buddies in crypto [/quidaxglobal].

5 Tips to master Cryptocurrency Trading

1. Research: Crypto trading takes a lot of time and effort. You have to research and know whether a particular coin/token or project is right for you or not.

2. Know Yourself: Are you a short-term investor or would you prefer to trade long-term? Consider the pros and cons of each and decide on the type of trader you would like to be.

3. Learn the Rules of Trading: This is really where the work comes in. Trading is quite complex, and you’ve got to know how to navigate the market. Charts, analysis, graphs, etc. Even the pros need to continue learning, and you have to as well.

4. Choose the Right Asset: Most traders work with multiple coins. When choosing, consider the coin and its developers, its uses, and the community.

5. Select a Trading Strategy: You also need to learn the right trading strategy. This part is a bit of work as well, but we’ve made sense of it from the types of trading given above.


What is the number 1 Crypto trading tip according to you??

What is Trading?

Trading = buy and sell. Simple!

Cryptocurrency trading refers to the act of speculating on cryptocurrency price fluctuations using a contract for difference (CFD) trading account or buying and selling the underlying coins through an exchange.

Simply put, it means buying and selling cryptocurrencies on exchanges in order to profit from daily price fluctuations. Traders actively monitor the short-term price action of select cryptocurrencies in order to buy low and sell high.

Types of Trading:
This is divided into short term, and long term trading.

A. Short term Trading Techniques

1. Margin/leveraged Trading
Margin or leveraged trading, also known as futures trading, is when you borrow funds from your broker or your exchange to perform CFDs, to either maximize your outcome profit or loss in this regard.

Example:
You have $100, but you apply x5 leverage more = $500 ✅
Hence, if you’re buying BNB, for every 10% move up or down, or whatever stand you take, whether long or short, you'll make $100 profit or loss if the market is sideways.

This type of short-term trading can only last for as long as 1 day to 1 month as much capital as you have.

2. Instant Swap/Trading
Instant and swap trading happens immediately when you process it. This is simply funding your wallet with Naira or USDT wallet to let’s say, buy Bitcoin [https://quidax.com/c/buy-bitcoin-nigeria/], or you swapping Bitcoin back to Naira or USDT.

Instant swap happens on the same spot and does not need any special effects, unlike margin trading. The new Quidax app or website allows you to buy and sell crypto instantly, which means you can easily make a profit daily, especially if there's high volatility (movement) in the market.

3. Spot trading
Spor trading is very similar to how Instant Swap/Trading works, but we’ll focus on how the Quidax orderbook works. There are two types of orders in the orderbook: limit orders and market orders.

a. Limit Order: A limit order is a request to buy or sell Bitcoin at a particular price on the Quidax exchange.

A buy order will only be executed at the limit price (or lower) while A sell order will only be executed at the limit price (or higher).

If you place a buy order at a price below all of the pending sell orders, it will be pending; waiting for the price of Bitcoin to decrease and for a seller to sell Bitcoin at the price of your order before it is filled.

Your purchase order is considered a MAKER ORDER, because it didn’t fill immediately. If it is eventually filled, you will be charged a MAKER FEE of 0.1%.

If you place a buy order at the same price or at a price above any pending sell orders, and it is filled immediately, your buy order is considered a TAKER ORDER. If it is filled, you will be charged a TAKER FEE of 0.3%.

b. Market Order: Same as Instant Swap or instant trading

4. Day Trading
Day trading is a trading method for the short term. It may be quite profitable if you know what you're doing and obey the regulations. Crypto day trading typically involves a lot of work. You must regularly monitor pricing because trades are only open for a brief period of time in order to avoid losing money.

5. Scalping
Scalping is a subset of daytrading. In this instance, traders known as "scalpers" enter many deals and benefit from little price changes. They do this constantly throughout the day.

6. Arbitrage Trading
Beginners may easily generate money with the arbitrage approach. Initially, you might not make a lot of money, but the risk is really small.

Coin prices fluctuate on various exchanges, which is important to understand when discussing arbitrage trading. Therefore, Bitcoin can be traded for $21,000 on Quidax and $21,100 on another exchange.

Arbitrage trading involves purchasing a coin on one exchange and selling it on another.

Take the following instance:
- You buy 10 BTC on Quidax at $45,000 per coin. That’s $450,000.
- You go to the other exchange where BTC sells for $45,100 and you sell all your BTC.
- This means you sold for $451,000 and made a $1,000 gain.
- Because these price variations won't last for very long, you need to trade quickly to avoid loss.

B. Long-term Trading Techniques

1. Position trading
Position trading is a trading technique for the long run. It is similar to hodling, with one exception: during hodling, you acquire the asset and expect a price increase. Position trading, on the other hand, allows you to gamble on an asset's price falling as well.

2. Hodling
Hodling is simply the act of buying crypto with the goal of selling it later to maximize your profit or protect your native currency from inflation in your nation.

3. Investing
Contrarily, there are more than four different sorts of trading that may be classified as investing.

Staking, lending,yield farming, etc. are a few examples.

a. Staking: In order to increase your earnings or amass additional tokens, you can stake some or all of your currencies in a network protocol. There are two different kinds of staking: flexible staking and rigid staking. When compared to flexible, which enables you to unstake your token whenever you choose, inflexible imposes a periodic lock determined by the network and agreed upon by the staker (you).

Perfect example is the QDX token;
When you stake a minimum of 500QDX, you'll get airdrop of another token for free. They've airdrop Shiba Inu, Wakanda Inu, Floki, Matic, and Cardano in the past.

b. Lending is also a close relative of staking, which entails locking or making your coins available to other users on exchanges for borrowing in order to get the profits that such exchanges guarantee. This is often not flexible since the majority of borrowers choose long-term loans, which will impede your own (owner) use.

c. Yield Farming: Farming is a simple word for a sort of investment, but it is a slightly active investment because it entails supplying liquidity in order to receive a portion of the network's fees on an exchange, which is generally a DEX (decentralized exchange) in this case. Farming, for example, is harvesting liquidity. Hence, you must be active so as to avoid avoidable losses.

Cryptocurrencies to watch out for longterm

You cannot take out the following coins: BTC and ETH.

1. Bitcoin (BTC) is the first and leading cryptocurrency with the largest market value, and since so much money has been put into it, it is the most closely monitored coin by investors.

2. Ethereum (ETH) is the blockchain of choice for decentralized finance (Defi) and the most widely utilized blockchain; it is expected to do well in the future, as always in the past.

3. The crypto versions of the USD, which are USDT and USDC, are financially backed by commercial bodies.

4. Tron (TRX) and Cardano (ADA) are considered Ethereum Killers because they have a lot of utility and are frequently traded, and this, combined with their large market cap and development, makes them currencies with strong future prospects as always.

The following are the crypto prices at the time of writing:
BTC - $21,102.13
ETH - $1,224.82
Tron - $0.0673
ADA - $0.4906


Tips to manage your portfolio

- If you plan to invest in cryptocurrency, you must have a long-term perspective.
- You must also understand how to appropriately manage risk as an investor and trader.
- Pay attention to world news and understand how it may affect the markets.
- Monitor monetary and interest rate news.
- Do not spend money intended for key budget items to trade or hodl cryptocurrencies in the expectation of quick rewards.
- Do not invest your entire savings or essential funds.
- Examine where prices have been in the past and where they are now.
- Understand the benefits and drawbacks of each project, as well as technical concerns.

What if crypto crash completely one day?

It's like Bloodbath has not come to an end afterall

You better login to one crypto exchange like Quidax.com and buy your coins. All are in big dip

I just need my money to work for me�

You better beware and don't fall in scammer's hand brother.

If you can't think of any reasonable physical assets to invest in and manage, then you should probably think crypto, and forget about daily or huge monthly return for that matter, becuase I think it's delusional : )

Just be transferring some part of your fiat, also salary, into crypto every month, especially the cheaper or red ones at that moment, and I'm sure growth is assured this way!

It won't be a bad idea to take up an investing course like "Risk Management" or "Investing in Bad times", to better guide you psychologically and to be mentally fit.

Communities you can join for good crypto and investing discussions may include Quidax Global on Telegram, where you'll be able to learn, meet up a lot of interesting and passionate individuals like you are : )

Peace : )

It's so much stressful having to go to Pancake Swap via Trust wallet everytime I'm trying to buy BabyDoge coin�

That was really detailed�

I heard Tether is safer than the rest of the crypto, so how much can I invest in Tether?

Safe and reliable recommendations will be very welcome, thanks

Oh my goodness