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Crypto Currency Investors Thread - Investment (724) - Nairaland

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Re: Crypto Currency Investors Thread by Lucremoy(m): 4:19pm On May 08, 2021
Re: Crypto Currency Investors Thread by Admin9: 4:22pm On May 08, 2021
please i want to buy cvp. Make una help me spy am
Re: Crypto Currency Investors Thread by jedisco(m): 4:23pm On May 08, 2021
ObodoNaija:


Please bros, can you help me to briefly take a look at Burger. Should I buy now or I should wait for it to dip?

Burger is a new coyn and not one I trade..

Generally with new coyns which I think have potential, I trade them same way.... I wait for the initial pump and subsequent selloff to complete, see what structure it has, before getting in...

But looking at it's daily chart (1st pic-not complete yet) aside a wick, there's little or nothing traded between 20 and 30.... I don't see much of a good trade here except it flips 30 or the today closes above that resistance at 20.
For now, 20 is the resistance.... Also, looking at it, there's the possibility this pump might be a dead cat bounce before further downside.

Regarding possible areas to bid, on the 4hr chart, there's the 21 ema (which is relatively new and doesn't have much interaction to know how well price respects it).
This ema is marked 3, and is currently at 16.5, there's also a support cluster at 15 and 13 (marjed 2 and 1) for possible bids...

All in all, I'm playing this, I'd play it level to level

2 Likes

Re: Crypto Currency Investors Thread by Nobody: 4:38pm On May 08, 2021
SHIBA INU

2 Likes 1 Share

Re: Crypto Currency Investors Thread by jedisco(m): 4:39pm On May 08, 2021
Looking at doge, I'd it's not fared badly considering how alyts have bled as betece is approaching resistance.....

On the 4hr chart (1st pic), if the current 4hr candle (which will close in 30 mins) closes this way, that'd make it 4 candles in a row for which the 0.715- 0.72 acted as resistance... I'd either tighten my stops or cut some exposure and wait till it gets above 0.74. It'd be logical to then expect a pullback to support below... The 4hr support is currently at 0.627... so thats an area to keep in mind.

Also on the 15 min chart (2nd pic), there stops below that such a pullback will clear out...

1 Like

Re: Crypto Currency Investors Thread by jedisco(m): 4:39pm On May 08, 2021
Hehe.... Just submitted my post and alerts started going off... Seems its happening already

2 Likes

Re: Crypto Currency Investors Thread by Loverboy3333: 4:39pm On May 08, 2021
Oh yea, I have to close all my positions to enter BNB, I missed XRP and DOGE, dont want to miss this ride



Ride with me, BNB to 1000+

2 Likes

Re: Crypto Currency Investors Thread by Lucremoy(m): 4:46pm On May 08, 2021
buy the dip

1 Like 1 Share

Re: Crypto Currency Investors Thread by jedisco(m): 4:47pm On May 08, 2021
Ibime:
I've sold my Doge at 20% profit and set the below alerts. Volume is quite low, I don't know whether the buy the rumours and sell the news people are getting ready to dump. It's getting too close to this SNL performance now. They should alert me when they start moving either way but Im not setting any orders, only alerts so as not to catch a falling knife or fake breakout.

Nice play.... My stops were hit but they were lower than I'd have wanted
Re: Crypto Currency Investors Thread by Admin9: 4:47pm On May 08, 2021
Loverboy3333:
Oh yea, I have to close all my positions to enter BNB, I missed XRP and DOGE, dont want to miss this ride



Ride with me, BNB to 1000+



good idea if you have the money to purchase bnb in large quantity
Re: Crypto Currency Investors Thread by Enosa1(m): 4:48pm On May 08, 2021
jedisco:
Hehe.... Just submitted my post and alerts started going off... Seems its happening already
lol... It seems the SNL was a sell-off for doge... I'm out
Re: Crypto Currency Investors Thread by iLegendd(m): 4:48pm On May 08, 2021
The 4 Wise Men Part 2

The "Almost" Infallible Financial Risk Management In Crypto

If you have money, divide it into 4.

1. Trading
2. HODL'ing
3. Risking
4. Rescuing

There was a guy on this thread that started with $10k and has lost almost 90%. I didn't follow the story up that much.

Let's assume there is a guy called James and he is smart with risk management.

From the $10k, each of the 4 takes $2.5.

After he is done researching (for three days or more) and found great coins with a low or risky market cap that is about to have some big event launch soon, he starts praying for the market to have a huge correction.

He didn't just jump in. Though, he could use 20%, 30%, or 50% of his "Risking" to have hourly fun as he prays for a big correction.

From all the coins he has found through days of research, he sets a 2.3% increase and decrease alarm to alert him whenever any of those coins go up or down by 2.3%.

You see, with $10k, he didn't just jump into a trade with all the money. He outlined a process and a strategy.

As he is playing around with 20 or 50% of his "Risk" money, he is waiting for a crash/correction. It may take days, weeks, but not up to 2 months before everywhere turns bloody.

By this time, he already has 5 coins he is monitoring and has found all the exchanges offering the coins and registered, but one of the coins is the main focus. Let's say, STC. It has less than 500 million cap and has lots of room for growth.

With the Trading and HODL'ing money, buy the same coin in 4 different exchanges when crash happens. That will be worth $5k.

Trading and HODL'ing money combined = $5,000.

Example: Let's assume the coin is called ABJ (just came up with a random name) and it's on:

Binance $1,250
Ku.coin $1,250
Gate.io $1,250
AscendEx $1,250

20% of 1,250 = 250
30% of 1,250 = 375
50% of 1,250 = 625

Calculate the last two BTC crashes and how it affected that coin. Use that knowledge to calculate three consolidation spots on your "about-to-be-bought" coin's chart with 1 day and 1 week TF of where it will likely hit if another crash happens.

Now, set a descending buy order of $250, $375, and $625. Do this for all the four exchanges. You're done. If you wish, you can go on your knees and pray for the market to crash.

Now, you can use 50% of your risk money, $1250, out of $2,500, to have some dangerous fun with Future Trading of either 10% or 25% leverage with any volatile coin of your choice that crashes easily whenever BTC sneezes. Long or short, your choice.

If you're not comfortable with leverage, then use a coin that just started pumping and immediately jump in with of 50% and with market order and if it keeps pumping, opt out after 20, 30, or 50 minutes — depending on your conviction and tolerance.

If it drops the moment you jumped in, wait for 20, 30, or 50 minutes for it to go up.

If the coin hates you and refuses to go up after 50 minutes, slowly deploy the remaining 50% of the risk money (i.e. 1,250) by 20% ($250), 30% ($375), and 50% ($625) each time it drops further.

Fear not, you'll get all your money back with profit. It's risky moment, baby. Allow the adrenalin pump, but don't panic because of money.

If kidnappers or gunmen adopt you today, I pray not, you'll give the entire $10k just to spare your life without thinking twice, so why panic because of a fraction of that money? Don't be in terror; be confident. Life is more important than money.

So, if it refuses to go back after 50 minutes of using 100% of your risk money, be a little patient for 10 more minutes to make it 1 hour. If you leave hurriedly, the moment you do, it will pump.

It didn't pump after the extra time elapsed, so it's time to tactfully deploy 50% ($1,250) of your rescue team money of $2,500.

In fact, you'll hardly use your rescue money in most cases, so don't think ahead of yourself. Stay calm and make clean cash. Cry.pto hates balless and panicky people.

This approach may seem like it's tasking and an overkill, but it's not. You'll reap the profit sooner than you expect with 100% confidence.

If that young man that started with $10k had used it, he would've been a positive motivational speaker by now. #Lol.

The above may be seen as a method for rich people or moderately rich men.

Do you guys notice I like using 20%, 30%, 50%, 20 minutes, 30 minutes, and 50 minutes? I also use 20 hours, 30 hours, and 50 hours. Not forgetting 20 days, 30 days, and 50 days.

If you adopt this kind of wait period or financial division of money, you'll be organized and you'll be patient. Always use your stopwatch. Install an app for it or use the one your phone has.

After you've made some hundreds or thousands of dollars with your risk money, look for 20 risky cap coins and invest $100 each the day there will be another market crash.

Hodl the $100 investment for at least 3 months or even 5+ months.

The profit is to be reinvested, not to be eaten. $100 for 20 dangerously risky cap coins = $2,000.

When you make more profit, invest in 30 coins = $3,000.

More profit again? Invest in 50 risky and unpopular Asian coins that are still sleeping with a potential to explode = 5,000 from your risky money's profit.

By September 7th, you'll scream at your success. Yes, I know someone is probably say, "It's easier said than done." Stop it and chase away the spirit of laziness and pessimism.

This strategy I revealed, most will charge money to expose it, so cherish it even if you won't use it now.

Part 3

If you don't have much, divide it into two only.

Asitis752:
Legend, please how much do you think a beginner with a capital of 500$ should use in a single trade? In other words, what percentage of one's portfolio should be used in trading a signal?

He asked, and here is the answer.

Divide in 2 and each of the 2, divide in 3.

Trade: Phase 1 — $250 out of 500.
Rescuer: Phase 2 — $250 again.

I use 2, 3, 5 formula.

20% first buy, then relax and watch for minutes or hours via your alarm. ($50).

30% if it falls from the point you bought. ($75).

50% if it falls further. ($125).

This is only after your research or analysis and the coin is in red or consolidation.

The phase 2, Rescuer, is a backup for emergency (risk) purchase or money you'll use to rescue your initial investment if the coin is going up and down and the highest it goes is where you bought the 20% spot.

In this case, use the remaining $250 to rescue everything by buying at the bottom and when it rises back to the 20% spot you bought with phase 1 money, you cash out everything and wait till it falls again, then buy with the rescued $250 at the bottom at once and go to bed.

When you wake and realize it has gone way up, good, but if it has gone way down, still good.

Use your rescuer money to rescue the $250 as you did earlier. If it goes up, cash out the rescuer money and its profit and HODL the trading money.

Use the profit to buy an extremely low cap coin you trust or at least like after research.

After every two successful Saturdays, opt out on the third Saturday at 11 PM. Why? Say what? Say what? Anything can happen. These are mostly days for crash/correction = buying time.

Don't be tempted to rejoin yet — wait till 11 PM on Tuesday to go fully again.

This three-day patience can save you millions of regrets, and tears and at the same time, it can make you feel left out if the market doesn't crash within this three days, but boomed instead.

In life, and in becoming successful, it's better to take action and regret than to be left out, but in this business, it's better to be left out than to take action and regret.

As we all know, even if you get left out, in less than 8 weeks, a big crash/correction will happen and 70% or more of the of the new profit others made when you were waiting will vanish and you'll join them afresh with a clear focus of where to cash out.

While they are angry a crash happened without them taking profits, you're happy it did. You've waited for so long for this day and it's worth it.

An unmarried woman who aborts a baby does not know there is a married woman who will do anything to have a baby.

There are people who will do anything for the market to keep going up and at the same time, there are also people who will go to any length for the market to crash to jump in.

The percentage is 98 to 2.

98% want it to go up.
2% want it to come down.

These two percent that wants it to go down are richer than the 98% that wants it to go up.

Even if you're not rich yet, be on the side of the rich (the whales) in this business.

They should crash the market for you to buy, not crash the market for you to cry.

Key in when the whales commit their sins of panic. It's a buying opportunity, not a crying opportunity.

Know this and profit shall never depart from you as long as the bull run has not ended.

Please, someone should quote the guy that whales devoured his 10k to read this.

It's free doesn't mean it's cheap or a waste. Don't waste this revelation. Even if you don't use it, find someone who will.

All the best. More money and more crashes. #Smile.

25 Likes 9 Shares

Re: Crypto Currency Investors Thread by Ikillbrokehoes(m): 4:53pm On May 08, 2021
SHIBA is mooning, nice one!

I'm still holdling.

3 Likes

Re: Crypto Currency Investors Thread by Nobody: 4:57pm On May 08, 2021
Good evening Bosses.

Pls I am a newbie who wants to start saving/investing part of my money (50k naira) in crypto for the long term and when I have learned the ropes, I will start trading.

Please, which low-cost coins do you, advice someone, to buy into? There are just so many of them there and how do I know the ones that are not scam and have good potential.
Re: Crypto Currency Investors Thread by Ikillbrokehoes(m): 4:57pm On May 08, 2021
jedisco:
Looking at doge, I'd it's not fared badly considering how alyts have bled as betece is approaching resistance.....

On the 4hr chart (1st pic), if the current 4hr candle (which will close in 30 mins) closes this way, that'd make it 4 candles in a row for which the 0.715- 0.72 acted as resistance... I'd either tighten my stops or cut some exposure and wait till it gets above 0.74. It'd be logical to then expect a pullback to support below... The 4hr support is currently at 0.627... so thats an area to keep in mind.

Also on the 15 min chart (2nd pic), there stops below that such a pullback will clear out...
Doge touching $1 soon, anytime I see my portfolio increasing I just smile and thank God that I didn't panic sell, this year have been a great year so far cool

2 Likes

Re: Crypto Currency Investors Thread by Ritapearlydove(f): 4:57pm On May 08, 2021
Eos tongue

1 Like

Re: Crypto Currency Investors Thread by Nobody: 4:59pm On May 08, 2021
iLegendd:
The 4 Wise Men Part 2

The "Almost" Infallible Financial Risk Management In Crypto

.
.
.
.
. Nice one, please can you share the link where part 1 is pleae.
Re: Crypto Currency Investors Thread by StrafordSTONES(m): 5:00pm On May 08, 2021
jedisco:
Looking at doge, I'd it's not fared badly considering how alyts have bled as betece is approaching resistance.....

On the 4hr chart (1st pic), if the current 4hr candle (which will close in 30 mins) closes this way, that'd make it 4 candles in a row for which the 0.715- 0.72 acted as resistance... I'd either tighten my stops or cut some exposure and wait till it gets above 0.74. It'd be logical to then expect a pullback to support below... The 4hr support is currently at 0.627... so thats an area to keep in mind.

Also on the 15 min chart (2nd pic), there stops below that such a pullback will clear out...





I set a buy order at 0.628 based on this advise and it picked. I panicked small sha but people's money are locked here in this coin. No way I'm losing this trade

1 Like

Re: Crypto Currency Investors Thread by ObodoNaija(f): 5:03pm On May 08, 2021
jedisco:


Burger is a new coyn and not one I trade..

Generally with new coyns which I think have potential, I trade them same way.... I wait for the initial pump and subsequent selloff to complete, see what structure it has, before getting in...

But looking at it's daily chart (1st pic-not complete yet) aside a wick, there's little or nothing traded between 20 and 30.... I don't see much of a good trade here except it flips 30 or the today closes above that resistance at 20.
For now, 20 is the resistance.... Also, looking at it, there's the possibility this pump might be a dead cat bounce before further downside.

Regarding possible areas to bid, on the 4hr chart, there's the 21 ema (which is relatively new and doesn't have much interaction to know how well price respects it).
This ema is marked 3, and is currently at 16.5, there's also a support cluster at 15 and 13 (marjed 2 and 1) for possible bids...

All in all, I'm playing this, I'd play it level to level


Ok, thanks a lot bro.

3 Likes

Re: Crypto Currency Investors Thread by braveheart77: 5:06pm On May 08, 2021
Please why are the prices on P2P different from the Spot Trade prices? The difference seems significant.
Re: Crypto Currency Investors Thread by jedisco(m): 5:06pm On May 08, 2021
Enosa1:
lol... It seems the SNL was a sell-off for doge... I'm out

I wouldn't call this a selloff just yet... It seems more like a retest of the 4hr support which is not unusual in any uptrend....
If prices start going below 0.6 without a bounce, then that'd be a selloff.


With the way everyone is talking about SNL and how opinions are split, what if it has already been priced in.... I.e, it comes and goes and stuff just keeps ranging

2 Likes

Re: Crypto Currency Investors Thread by Loverboy3333: 5:10pm On May 08, 2021
Lucremoy:
buy the dip

Dont even try to buy now, btc heading to 52k if care is not taken

3 Likes

Re: Crypto Currency Investors Thread by DaBogu: 5:11pm On May 08, 2021
If you missed BTC & ETH as assets to buy early and hold long term. Here are list of some you need look out for in the near future

BNB - has its block chain with loads of projects built on it and still building

LINK - Oracle king in crypto space

DOT - Interoperability between multi block chains in crypto space

SOL - Playing major role in DEFI space, ETH competitor

ADA - DEFI, POS and Interoperability between different block chains, Smart contracts enabled and other chains can build on it.

CAKE - Biggest BSC DEX

UNI - Biggest ETH DEX

ENJ- NFTs, Gaming

BAKE - BSC DEX

20 Likes 3 Shares

Re: Crypto Currency Investors Thread by Ritapearlydove(f): 5:14pm On May 08, 2021
jedisco:


I wouldn't call this a selloff just yet... It seems more like a retest of the 4hr support which is not unusual in any uptrend....
If prices start going below 0.6 without a bounce, then that'd be a selloff.


With the way everyone is talking about SNL and how opinions are split, what if it has already been priced in.... I.e, it comes and goes and stuff just keeps ranging

You're a bundle of professionalism. Someone to follow closely

4 Likes

Re: Crypto Currency Investors Thread by highcurrent: 5:16pm On May 08, 2021
Ikillbrokehoes:
SHIBA is mooning, nice one!

I'm still holdling.
Shiba did listing today. Over 300% gains.

1 Like

Re: Crypto Currency Investors Thread by iLegendd(m): 5:18pm On May 08, 2021
Bubewilson:

.
.
.
.
. Nice one, please can you share the link where part 1 is pleae.

On this thread, but I don't have any idea of the page.

1 Like

Re: Crypto Currency Investors Thread by Elsueno: 5:20pm On May 08, 2021
Loverboy3333:

Dont even try to buy now, btc heading to 52k if care is not taken
Thanks for the heads up, we go wait till it stews some more
Re: Crypto Currency Investors Thread by SALLYBERRY01(m): 5:20pm On May 08, 2021
DenreleDave:


Instead of disturbing ursef trading sfm by exchanging bnb on pancake swap..

Why nt buy it directly on whitebit.. U can buy it with udst and save yr self the stress...

Firstly I really appreciate your response, but I think you don't understand my question, but let me go like this I have some sfm in my trustwallet, so I want to convert half of it to bnb is that possible?
Re: Crypto Currency Investors Thread by Ritapearlydove(f): 5:24pm On May 08, 2021
This doge movement is massive.. The huge crash just now has been bought up immediately..

4 Likes

Re: Crypto Currency Investors Thread by Cannicus: 5:39pm On May 08, 2021
jedisco:


I wouldn't call this a selloff just yet... It seems more like a retest of the 4hr support which is not unusual in any uptrend....
If prices start going below 0.6 without a bounce, then that'd be a selloff.


With the way everyone is talking about SNL and how opinions are split, what if it has already been priced in.... I.e, it comes and goes and stuff just keeps ranging

Nice analysis bro.

What do you think will be a good TP point for ETH, to re-enter maybe at 3610?

Trying to prepare for another BTC dip.

1 Like 1 Share

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