₦airaland Forum

jedisco:
USTs market cap has continued to increase... went from 15.4 billion to over 16b in the past week.
Was skeptical about the announcement that the annual yeild for ust on anchor will be revised downward. This hasn't affected expansion so far...
Also, the yield reserve has been topping up their bitc0in balance in the hundreds of millions...

If these continue, it should translate to higher price valuations for Luna. Also to remember that Luna is the first major to hit it's previous ATH on this bitc0ins bounce..

Will reevaluate Luna on the weekly and monthly close. A pullback into the 60-70 region should provide a good buy spot. So far, the weekly chart shows significant wicks into the previous ATH which shows folks are taking profits

If btcee continues in the uptrend, is there a possibility of this pullback for Luna?

KangaIye:
Am a sheep I need a good shepherd on this journey.

I want to venture into this crypto journey somebody please lead me

I was going to say be careful so the supposed shepherds won't roast you for suya... But what do I know!

Ada is waking up. See small yansh dey shake o���

jedisco:
Nope... no one knows what bitc0in or any market would do...

At the end of the day, the value of bitc0in does trend up with time... so with a good enough investment timeframe and ability to stomach and buy tgw dips, one should be good at the end of it all

Thanks boss

jedisco:
There'd always be a narrative for a bitc0in move.... Crypt0 is still a relatively new asset class and volatility is part of the game.
I am rooting for an April move... but then, bitc0in is decentralized and I don't think the meeting of a number of people is the reason why it'd pump.

Do you suggest we accumulate as much as possible at any dip before April and hold?

Please o, something confuses me. How can a price of a coin come to zero. Like absolute zero without decimal points. What does that mean please? Thanks

OlympiadTutor:
No. I don't mean percentage LONG or SHORT.
When the price of an asset increases by a significant percentage it means that more Institutions are buying it and similar arguments holds for Institutions selling as well.

Please stop Futures Trading as soon as possible if you are just learning.
You cannot learn by trading more, that is how real life works but that's not how trading works.
When you play Chess it is possible to learn from your mistakes by looking at your blunders and working to correct them.
But you cannot grow as trader simply by just trading. The reason is very simple.

It is possible that your Analysis on a trade may be logically sound and yet you would still lose that particular trade and on other hand, you may do something extremely foolish and still win that trade.
You may even be trading rubbish and still win 10 trades in a row. This success may fool you into believing you're now a guru until the one time your foolish trading does not work and you incur serious losses.
You cannot become a better trader by just repeatedly trading because you cannot get honest feedbacks from the market.

In fact, for the next 6 months you should have no business with trading anything. Go and study in depth, you need to properly educate yourself if you really care to take trading as your career.
Stop wasting hours on YouTube also.

Thank you for your counsel. I still have open trades so I need to them to come to profit and close them. In the meantime I'll just watch and wait and learn from whatever resources I can lay my hands on.
The book you suggested in one of your recent posts, how can I get it? Can it be downloaded?

OffsahBoye:
Buying BTC @ 42150 to sell at 42400,42600 must be funny


You never see craze
Go piss come back and you're already at your village

ME already at my village with no network to trade.

OlympiadTutor:
When DCA ( Dollar Cost Averaging) Can Get You In Trouble.

Everyone is probably familiar with this entry technique so I won't bother explaining how it works but rather discuss its advantages and disadvantages.
There are two situations where DCA can be used.

Situation 1: When you're in profit.
In this case suppose that you purchase BTC at $38k, you buy more at $40k and then also a little at $42k.
If the market reverses against you at $42k, you can get out of the trade, in this case you would have made profits on your previous trades and then get out at break even or with a small loss from your last trade.

This is one way to use DCA, only buy more when you are in profits.
The advantages here is that it is safer because you are buying with the trend, as prices keeps climbing buyers may become convinced that we're in a bull trend and they will FOMO in and thus driving the market higher for you.

The known disadvantage of this method is that you may buying at the top on your last purchases but that is not really a problem. At you least you get to exit with a small loss and your previous profits will take care of that for you.

Situation 2: When you're in a losing Position.

This happens when you buy Solana at $180 and then you decide to even buy more at $160 and then more at $150 or $140.
In this case should Solana revisit $180 again, you will be in profits on all your earlier Purchases and be at break even on your first Purchases.
This particular method of entry is extremely risky because "You are adding to a losing position".
Infact, if you are going to DCA when you're losing. Make sure its not money you intend to touch for the next 6 months, just imagine buying Sol at $180 and you've been DCAing up until $100. Tying down your trading capital and your mental health is not the way to approach trading.

Yes this may work for you for 99 times, but the one time that this would not work out, that one time can wipe out your entire profits you spent months building up.
Most people trading Futures, when they're about to be liquidated, they go to their spot wallet to add more money to their Futures wallet to maintain their position. As a trader you have no business maintaining a losing position. This may work for you for 99 times but the one time this will fail. It may kick you out of business leaving psychologically damaged.


One thing that makes traders make this trading mistake is that they make assumptions that are baseless like "The market has gone up too far, it will definitely soon fall or the market has gone down too much, it will rise soon".
This is not the way to approach the market, the market can do whatsoever that pleases her, your job is not to make assumptions, your job is to look at your charts and follow what the market is doing.

Institutions are the market movers and the only way you can make money as a trader is to do what the Institutions are doing.
If price is going up, it means that enough Institutions believes the commodity is good for Purchases. This will appear on your charts as well and you should buy because that's what the Institutions are doing. Your job is to do what the Institutions are doing.
If prices are falling then Institutions are selling and you should sell, don't claim that your TA or FA says prices should go up, if enough Institutions believes the market is overpriced then they will sell and prices will fall. Your job is to sell too and not claim that your TA or FA says prices should go up. I am always ready to change my opinion anytime in the market because my goal is to make profits and not dictate what the market ought to be doing.


Final Lesson: Never DCA when your portfolio is bleeding because the one time that this will not work for you can cost you your entire trading account.
Only DCA when your Pocket is very deep and you may not be needing that capital for some months or even a year.
I know this may go contradictory to what most people say or do here but it's the truth and it has to be spoken.

Thanks for this. Very explanatory and insightful. So you mean to use those %long and %short to know the direction the institutions are going? Sometimes that thing changes so fast I can't keep up. Well, I'm just learning futures and I will keep trying with little money until I get a hold of it. If I no practice, how I wan learn? Watched some YouTube videos on support and resistance and I became more confused than before. Just trying to see a way to recover some of the funds lost to the deep sea, it's really exhausting. As btc dey move, some of them are still in a coma. People say cut your losses. You cut losses come lose the remaining for futures. Shey I won't continue to hold those coins like this until the hear the voice of wake up?

cherryCola:
Enter above me.

Thanks following keenly

cherryCola:
Enter above me.

Thanks

Prayfortheworld:
Quote me if he quotes you too I'm losing almost $2000 profit because of greediness

See above this message

cherryCola:
Thanks but they is a major resistance at the 42,000 level.

But if I get a Sell signal omor nah too sell my entire village and short BeeTeeCee ooh

But definitely BTC is heading to 45K, as they is no sign of a golden cross yet .

Please quote me when you get the sell signal. I won't be greedy again

Goldbw122:
Yeah same happen to me, but I have learn from that indicent.. so move I want to know if adjusting leverage on isolated future possible, like increasing the leverage when you are profiting like you want to profit more? Anyone who is experience should pls answer and throw more light on this question.. thank you

I have tried this especially to reduce leverage when I'm losing. Doesn't work on an existing trade. So I DCA with lower leverage or higher (depends on the situation) so as to alter the overall leverage when price catches my order

Goldbw122:
Crypto never cast, you just have to stick to a better strategy. That works for you don't be greedy and don't be afraid, mind your leverage and sl, use them wisely... Am still learning oo.. am not your financial advisor.

Hmmmm... That greed ehn! May God deliver me. I traded futures and got some gain. Na so happy increase leverage. I slept and woke up to see liquidation. All my capital plus first gain Don komot! Na cry remain!

ThisisIkemefuna:
Visa and MasterCard suspends operation in Russia.

Let crypto show them the light

So should we expect a pump?

jedisco:
Why are you interested in INJ?

You were talking about other terra tokens that have not pumped. So I saw that the market cap is similar to that of Mir

jedisco:
Missed this by a whisker....

Woke today and thought that since Luna and ANC are pumping, other terra based coyns wod soon pump.... looked at MIR and it was in red..... said I'd buy at the daily close... well that's passed.... lemme chk what others are yet to move

What about INJ? Is it a good target to buy now?

Trainee223:
I think we are officially in the bull race. I just rush take small profit yesterday. How I go take enter this market now


Though life is a risk that man must take

I've learnt a big lesson. I'm still waiting for market to reach some of my buy positions make I exit. Once I exit, if e want make e do *20, no looking back. My fomo Don do me shege. I will patiently wait for it to come down,whenever that would be.

DaemoLee:
U made a donation to the thin air with that mistake.
U were suppose to get about 600+ worth of HAKA with ur $50 if u bought at 0.075 but at 0.75 that u placed ur limit order u lost about $45 and got a $5 value.
If it were Binance, a pop up would show on ur screen notifying u of the mistake and would be accepted if confirmed.

He didn't make any donation. Order was filled for him at the market price of 0.091

Ishiewo:
this is the screenshot

Even though you placed order for 0.75, your order was filled at the market price which was 0.09 as shown in the avg. price section.

Ishiewo:
Good morning, bosses.

Yesterday I mistakenly made a limit order of HAKA at a price of 0.75 instead of 0.075... my problem now is that the market has already been completed: a 50$ worth of haka.
Does it mean that it can never reversed even as haka price hasn't touched 0.75?

Thank you...

Chai! Na gate dey do this kain tin. This doesn't happen on KUcoin. It would rather fill the order at the current market price.

Saucewalka:
Not Yet.

When do you suggest would be the right time?

Taystee:
Buying LUNA at its current price $48 isn't bad, but don't go all in,you can DCA as it dips further.

Thanks

Please when is the best time to stack up Luna? Price looks good now but I believe it might come down lower. What price can one target to buy? Thanks

jedisco:
Just revisited this.

24 likes vs 15 shares...

I was on the 'share' side... kudos to the majority

I liked it and unfortunately did not still convert to stables.

After DCAing, how do you get your average buy price on Kucoin? I know gate automatically calculates it but I've been looking for it on ku

clems88:
My binance finally verified today. God punish binance for punishing me since last year

It's a blessing in disguise if you ask me, but you didn't!

Gaskiya this deep Don dey touch me. Buy deep buy deep, deep got deeper. I haven't even made gains on the last deep. I'm not putting in more fiat. It's exhausting! Please, on the average how many times yearly does this kind of deep happen? Let me prepare for the next batch.

SUPERPACK:
If you mean trustwallet, it accepts almost all coins. But Pancakeswap is a dapp and not a wallet that is why you access it via trustwallet. For you to trade on pancakeswap you need Bep20 versions of all coins you want to trade or BSC.

Oh sorry. I meant meta. mask not pcs

SUPERPACK:
I just hope you guys know the implications of having all your.

Note; Not your keys, not your coins.

Are there restrictions on the type of coins that can be transferred to a wallet? Eg PCs, can I transfer just any coins there or do I have to convert to BNB or kcs? I'm just confused

EmmanuelScott1:
That my small money don turn to big money, I dey take the profit since yesterday

Thanks boss

Make e come down I want to check smtin