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Crypto Currency Investors Thread - Investment (443) - Nairaland

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Re: Crypto Currency Investors Thread by jedisco(m): 11:15pm On Apr 01, 2021
StrafordSTONES:



Nice question boss, thought provoking. Well I guess because of the hype around it and then the long term potential. Chz was 0.5450 and Npxs 00. 84 ish

One thing I'd say, is that when everyone starts talking about how a coin will moon, in most cases, it wouldn't move immediately or it's done moving.
If there was a trade I wanted to take and I got on Twitter and see a few popular accounts already talking about the coin, I cut it and don't take the trade. Most times, I get better enteries eventually.

Secondly, on the issue of 'potential' if a coin, don't be carried away. That's thesame story behind every new coin. It doesn't change the fact that most would likely be useless in the long run. I can't remember when last I read anything about a coyn... I rely mainly on market structure. If it's a good coin, it'd be visible on the charts.

One thing almost clear is that betece will outperform over 99% of coyns eventually. If you know that, why don't you have betece
Fact is that it's too risky as a newbie for a large vhunk of your portfolio not to be in betece or eith... With time you'd see why

But finally, u get mind ooo... See the charts of the coins you bought... I wouldn't come close to them such charts except for a quick scalp and entry must be at tested support... Buying such haphazardly is an easy way to give your money to the market.
All these coins will eventually ho back to where they started pumping from and even lower. It happens in every rally. This will not be different

8 Likes

Re: Crypto Currency Investors Thread by Ojemedad: 11:23pm On Apr 01, 2021
jedisco:


One thing I'd say, is that when everyone starts talking about how a coin will moon, in most cases, it wouldn't move immediately or it's done moving.
If there was a trade I wanted to take and I got on Twitter and see a few popular accounts already talking about the coin, I cut it and don't take the trade. Most times, I get better enteries eventually.

Secondly, on the issue of 'potential' if a coin, don't be carried away. That's thesame story behind every new coin. It doesn't change the fact that most would likely be useless in the long run. I can't remember when last I read anything about a coyn... I rely mainly on market structure. If it's a good coin, it'd be visible on the charts.

One thing almost clear is that betece will outperform over 99% of coyns eventually. If you know that, why don't you have betece
Fact is that it's too risky as a newbie for a large vhunk of your portfolio not to be in betece or eith... With time you'd see why

But finally, u get mind ooo... See the charts of the coins you bought... I wouldn't come close to them such charts except for a quick scalp and entry must be at tested support... Buying such haphazardly is an easy way to give your money to the market.
[b]All these coins will eventually ho back to where they started pumping from and even lower. It [/b]happens in every rally. This will not be different

Very true, just like OMI and KLV, despite the whole hype nothing is happening instead they are going downward to search for oil.

5 Likes

Re: Crypto Currency Investors Thread by Crazeworld(m): 11:34pm On Apr 01, 2021
iLegendd:
See what your fellow Nigerian did. What stops you from doing the same?


https://www.youtube.com/watch?v=m9sg3LYrbS4
A nice video even though the title is misleading. Seeing that BTC is already high, is there any other long term coin apart from eth that can be applied to this strategy?

4 Likes 1 Share

Re: Crypto Currency Investors Thread by jedisco(m): 11:38pm On Apr 01, 2021
Ojemedad:


Very true, just like OMI and KLV, despite the whole hype nothing is happening instead they are going downward to search for oil.


That's why I rarely follow the hype on new coins or micros..
If a coin becomes too popular... I look at the chart... If it's something that interests me, I set alerts at possible entry poins and keep it under my watchlist... After sometime when the hype has died down, I revisit it and see if it's held structure... If it hasn't, I delete it....


E.g ksm... There was a time it was popular when it first rallied to around 250... The structure wasn't bad, but being a new coin, I wasn't eager and couldn't identify proper support. When betece dumped and ut held 200 at a time most coins collapsed, I took it seriously and added heavily around 220. Of course, by then the hype had died down... Rode it to the highs and sold... It's interesting how it started getting popular again when it hit 500 and folks rushed in forgetting that considering its market cap, it needed about 2-3 billion dollars increase in valuation to move from 250 to 500 and would need even more for a significant move up

8 Likes 2 Shares

Re: Crypto Currency Investors Thread by Ibeme: 11:58pm On Apr 01, 2021
jedisco:

But finally, u get mind ooo... See the charts of the coins you bought... I wouldn't come close to them such charts except for a quick scalp and entry must be at tested support...

grin grin grin

I always say that patience pays in this game. It is better to be buying dips of large cap coins you know will likely get back to their previous resistance than to be chasing coins which have just gone parabolic. You didn't make your capital in a hurry so you should not be in a hurry to lose it.

6 Likes 1 Share

Re: Crypto Currency Investors Thread by Zabiboy: 12:04am On Apr 02, 2021
solreb:

But at the end of the day, it is not about the price of a coin, it is about a percentage change in price. BTC may trade up to $100k with 5% gain whereas WIN may 0.000002 and hive you 50% gain.
You have a point tho...
But once the circulating supply reaches a certain point, it'll start going up and down like $OMI is doing now
Re: Crypto Currency Investors Thread by Zabiboy: 12:08am On Apr 02, 2021
TCD:


Thank you for sharing your knowledge. What is the total supply of BTT available °and what do you think about this coins prospect's for the long term?
total supply of BTT is 990 billion...
circulating supply is 89 billion...
it's still early days...so if you get in, watch the circulating supply( once it enters 100 billion, it starts to get tricky)......just like what i said earlier, the total supply is what i feel is keeping $OMI where it is now...
i could be wrong....but this is my opinion

1 Like 1 Share

Re: Crypto Currency Investors Thread by Ojemedad: 12:10am On Apr 02, 2021
Any1 riding DENT here?
Re: Crypto Currency Investors Thread by iLegendd(m): 12:11am On Apr 02, 2021
Crazeworld:
A nice video even though the title is misleading. Seeing that BTC is already high, is there any other long term coin apart from eth that can be applied to this strategy?

You know, we Nigerians read in a hurry as if we're rushing to the airport. I felt the same way you feel after watching the video, but when I reread the title, I realized it wasn't misleading, but "we gragra Nigerians," read the title fast and ignored the last word "monthly."

On your question, I don't dabble into financial advice on the coin to go with. My apologies.
Re: Crypto Currency Investors Thread by jedisco(m): 12:21am On Apr 02, 2021
Ibeme:


grin grin grin

I always say that patience pays in this game. It is better to be buying dips of large cap coins you know will likely get back to their previous resistance than to be chasing coins which have just gone parabolic. You didn't make your capital in a hurry so you should not be in a hurry to lose it.

My worry is that the last time bitc0in had a proper correction was almost a year ago and most folks trading now are new and are used to stuff going up... They forget that most of the stuff going parabolic now did were causing folks pain for years unend... The way betece is going, there's a possibility it may not have a proper correction until it maxes out... Whilch wouldn't be nice.

Making profits now is relatively easy but even at that, FOMO into a pump in any market without clear targets no be am...

4 Likes

Re: Crypto Currency Investors Thread by DieRich5: 12:37am On Apr 02, 2021
Confused

To enter win Dy my mind

1 Like

Re: Crypto Currency Investors Thread by Ibeme: 12:42am On Apr 02, 2021
jedisco:


My worry is that the last time bitc0in had a proper correction was almost a year ago and most folks trading now are new and are used to stuff going up... They forget that most of the stuff going parabolic now did were causing folks pain for years unend... The way betece is going, there's a possibility it may not have a proper correction until it maxes out... Whilch wouldn't be nice.

Making profits now is relatively easy but even at that, FOMO into a pump in any market without clear targets no be am...

Money is like energy, it can only be transferred from one party to another. Someone must lose for another person to gain. Folks should be careful out here. I see too many folks talking about buying a coin and forgetting for a year or few years. Such approach will get many wrecked. 95% of coins have not reached the ATH they achieved last cycle and likely will not. Most of the coins this cycle will not come back next cycle. Peeps should play this game with an end in mind, and that end is always recycling back into a stablecoin or B.T.C. Follow the trends (now NFT and Layer 1 alternatives to ETH, previously DEFI), Don't chase a pump and buy the dips in the largecaps after on-chain analysis. And if you have a moombag for micros, let it be money you can afford to lose. These might not get you crazy xs but it will give some.good returns and most importantly protect your capital. We will all want to have good.capital to invest in the.next bear cycle.

7 Likes

Re: Crypto Currency Investors Thread by Notyamate(f): 1:19am On Apr 02, 2021
DieRich5:
Confused

To enter win Dy my mind

WIN is a pnd coin, it was being pumped yesterday and some folks have cashed out on their profits, while those they dumped it on are hoping it will rise again so they can also cash.

As you can see from the volume, many are trap so do not throw your money in now, allow the ground to settle.

5 Likes

Re: Crypto Currency Investors Thread by IMAliyu(m): 1:36am On Apr 02, 2021
IMAliyu:
I have some hope for XLM, based on its current structure.
Buying.
grin

1 Like

Re: Crypto Currency Investors Thread by Notyamate(f): 1:36am On Apr 02, 2021
jedisco:


My worry is that the last time bitc0in had a proper correction was almost a year ago and most folks trading now are new and are used to stuff going up... They forget that most of the stuff going parabolic now did were causing folks pain for years unend... The way betece is going, there's a possibility it may not have a proper correction until it maxes out... Whilch wouldn't be nice.

Making profits now is relatively easy but even at that, FOMO into a pump in any market without clear targets no be am...


You pretty much nailed this on the head.
Re: Crypto Currency Investors Thread by lordnaruto: 2:41am On Apr 02, 2021
Just sold 75% of my ADA that I've been holding for over 1 month without significant profit , in anticipation for when BNB breaks out of this ATH zone. Now, I'm almost certain the stupid ADA will start to move now and BNB might decide to stop.
This crypto en.

2 Likes 1 Share

Re: Crypto Currency Investors Thread by GSteve001(m): 2:52am On Apr 02, 2021
lordnaruto:
Just sold 75% of my ADA that I've been holding for over 1 month without significant profit , in anticipation for when BNB breaks out of this ATH zone. Now, I'm almost certain the stupid ADA will start to move now and BNB might decide to stop.
This crypto en.
grin grin
Re: Crypto Currency Investors Thread by Notyamate(f): 3:37am On Apr 02, 2021
Betece hits 60k


Ethy hits 2k


Most micros still in RED undecided

3 Likes

Re: Crypto Currency Investors Thread by OpenHeaven2019(f): 3:41am On Apr 02, 2021
Christiano25:
Chaii and the ksm price is damn high now and I’m just seeing this

KSM has presented entry again.

Last chance to buy KSM

1 Like

Re: Crypto Currency Investors Thread by Jerry59: 3:49am On Apr 02, 2021
Wrx has gone crazy shocked shocked
Re: Crypto Currency Investors Thread by Christiano25(m): 4:27am On Apr 02, 2021
Yeah. The link to WhatsApp isn’t working. Should I drop a digit so you can add me please
Leezah:
WhatsApp
Re: Crypto Currency Investors Thread by Christiano25(m): 4:27am On Apr 02, 2021
Please can we chat privately
OpenHeaven2019:


KSM has presented entry again.

Last chance to buy KSM
Re: Crypto Currency Investors Thread by noony926: 4:40am On Apr 02, 2021
Please someone should help direct me on how to be using Stop Limit, I tried it several times but it did not work.

Re: Crypto Currency Investors Thread by Notyamate(f): 5:00am On Apr 02, 2021
noony926:
Please someone should help direct me on how to be using Stop Limit, I tried it several times but it did not work.

A Repost for those asking how to set stop loss

A stop loss order allows you to set the price at which you want to sell but only when the price reaches the stop price you have set. There are three things that needs to be filled in stop loss; the stop price, the limit price and the amount of coin you want to sell.


Stop price: When this price is reached, it triggers the limit price.


Limit price: This is where the order is executed.


Lemme give an example: Let's say you buy a coin at 200, now that coin has increased to 240, but you fear it might suddenly go back to 200 or lower, making you loss your money and profit all at the same time.


What you do in this situation is to put the (stop price) at 235 and the (limit price) at 234, so that when the price HIT 235, your coin will be sold at 234 or higher.


The downside of stop loss order is that even if the price go as high as 400, your limit order won't be triggered unless it reached the amount you set for the stop price.

8 Likes 4 Shares

Re: Crypto Currency Investors Thread by Bunker1(m): 5:08am On Apr 02, 2021
We all know this common phrase here "buy the dip" is not for bottomless pit co.ins, or less you know the CEO shocked know when to quit on a given project, no matter how far you go on the wrong direction, you can't still arrive. Not a financial advice, what ever you choose to do with your bread is up to you.

1 Like

Re: Crypto Currency Investors Thread by TheSTreetman: 5:12am On Apr 02, 2021
OpenHeaven2019:


KSM has presented entry again.

Last chance to buy KSM


Please, is it advisable to still Holding Ksm... Bought at $490 and now its down to $430....

What's ur take please...
Re: Crypto Currency Investors Thread by BlueBanana: 5:23am On Apr 02, 2021
pragmatistm:
No need to verify before you do that.

Thank you sir.
Re: Crypto Currency Investors Thread by OpenHeaven2019(f): 5:45am On Apr 02, 2021
TheSTreetman:



Please, is it advisable to still Holding Ksm... Bought at $490 and now its down to $430....

What's ur take please...


Sell.

Buy high, sell low - that whats stars do

11 Likes

Re: Crypto Currency Investors Thread by MrCodeSolo: 6:26am On Apr 02, 2021
We are back again
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Re: Crypto Currency Investors Thread by sonofElElyon: 6:39am On Apr 02, 2021
Codebite:
Before when never I enter this tread I'm always hopeful and optimistic but nowadays I'm always saddened by how much people are making it well while I am always losing.

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