₦airaland Forum

Ibime:
Before you ask, is it time to buy, keep in mind that a bear market typically lasts for 2 years from peak to bottom. That means we are not yet at the bottom going by antecedent. Pull up the chart for the S&P500 for 1989 to 1992, 2000 to 2002 and 2008 to 2010 and confirm for yourself..I have highlighted them below.

My strategy remains to short resistance at extremely low leverage, and not do any buying or longing. Since crypto futures trading is banned in my country of residence, I have been doing this on the Nasdaq100 at 5x leverage for the last two months. That leverage is purposeful because it rules out the risk of being margin-called. The returns are not amazing, about 10% per month but are in line with my goals to preserve capital as first goal and to double my capital over the next two years as my second goal. I plan to return to buying crypto sometime in late 2023 or 2024.

The nature of a bear market is such that price drops suddenly on bad news and then will hold a level for a while without breaking through any resistance, and will either slowly unwind down or breakdown suddenly at the next bad news. For the Nasdaq100 currently, I set ladder shorts at every hundred points from 11,600 to 12,200. Price will never break above 13,300 in this market which is what it will take for me to get margin-called at 5x. I like predictability, and Nasdaq is the most predictable asset class because it is full of speculative stocks which got overvalued the most from the zero interest rate environment of the pandemic, and it has no petroleum or commodity selling companies whose value goes up with war, and could buck the general downward trend. Almost every company in Nasdaq will be going down, and it fits perfectly the "trend is your friend" approach.

For Bitcoin, I see us playing the $18k to $22k level for a while and then breaking down to the next zone. If you are swing trading, it is always safer to short from the $20.5k to $22k level than to long from the $18 to $19k level, ensuring you keep a leverage that will not get you stopped till $26k. Even at that, using not more than 20% of capital at any time. I would never long this market. It's just safer. Now is not the time to get rich but to make small steps of progress in increasing your trading funds, so you have more capital ready for the next bull market.

One more thing to bear in mind is that crypto has never been part of a macro-bear. The general stockmarket and economy has been on an uptrend since 2010 when Bitcoin came into being. All Bitcoin bear markets have been local to crypto, not the general economy. This is the first time Crypto will go through a bear caused by macro-economic conditions outside of Crypto.

SeyiJay:

iykofias:
M-PFP

MB username: iykofias
Transaction id #206773865
Group 12
Slot: 1
Odd 1.57

Soccer, Spain, Primera Division
08-27 21:00 Athletic Bilbao - SD Huesca
game:1x2
bet: 1

Pfpmoderator troot

odimbannamdi:
210usd worth of Payoneer funds for sale at 340naira/usd.

dejt4u:
it is actually less than 4

dnoable08:
Just say we should help u pass your common entrance

OAUTemitayo:
$50 payoneer available at N350

khassy:
I you see buyer..Holla me abev

wakes:
I have PAYONEER funds for sale

bedford101:
$295 payoneer available
See signature for contact

donbrowser:
Benfica Lisbon

1.30 [Remove]

AS Monaco

1.40 [Remove]

X/Seattle Sounders

1.50 [Remove]

Juventus Turin

1.50 [Remove]

Sporting CP

1.45 [Remove]


5+

Bookiemart01:
See reasons.... Which one of them was the reasons in your case!?

adesholaa80:
your whatsapp digit

khassy:
I no d understand wetin you mean by frying egg

The last time you just quote me say na wa ooo, say you go need fry egg for me.... Abeg how I wan understand wetin fry egg mean??


Btw
I don't remember collecting your number, ypu said you'll drop it when I come online and you never did abi I no remember ni??

khassy:
the only state wey I never enter for North Central and North West na Plateau, all the rest na my zone

#ConfamArewaBoi

khassy:
Should I pm you?