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Crypto Currency Investors Thread - Investment (2245) - Nairaland

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Re: Crypto Currency Investors Thread by seanwilliam(m): 7:47pm On Mar 09, 2022
grin

4 Likes

Re: Crypto Currency Investors Thread by FuckHomophobes: 7:48pm On Mar 09, 2022
Lucremoy:

damn
if only I had this information sooner


You can still get. They would be minting on Friday. Hopefully it's gonna be legit. Because my mind is saying otherwise.

If it's legit, I go run giveaway

1 Like

Re: Crypto Currency Investors Thread by Edipet(m): 7:54pm On Mar 09, 2022
Please some body should help me,.. should I sale what ftm remain for me,? Any hope?... please invested heavily on it
Re: Crypto Currency Investors Thread by MapleBae2020: 8:04pm On Mar 09, 2022
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?

1 Like

Re: Crypto Currency Investors Thread by Moses247(m): 8:08pm On Mar 09, 2022
ThisisIkemefuna:


The only time futures trading makes sense to me is when price is going down. If not spot trading pretty much serves all the purpose with better advantage of not losing your money completely
Future trading is semi gambling

2 Likes

Re: Crypto Currency Investors Thread by millennialaku2: 8:17pm On Mar 09, 2022
Edipet:
Please some body should help me,.. should I sale what ftm remain for me,? Any hope?... please invested heavily on it
check if staking is available and lock it for some time. or do you prefer selling it for next to nothing ?
Re: Crypto Currency Investors Thread by Icecream4U(m): 8:25pm On Mar 09, 2022
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
That guy is so determined to send people to the... grin

4 Likes

Re: Crypto Currency Investors Thread by MapleBae2020: 8:32pm On Mar 09, 2022
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.

1 Like

Re: Crypto Currency Investors Thread by dayo229: 8:41pm On Mar 09, 2022
Moses247:

Future trading is semi gambling

Future trading go give you $5 then collect $100 back from you undecided

4 Likes

Re: Crypto Currency Investors Thread by DieRich5: 8:44pm On Mar 09, 2022
ThisisIkemefuna:


The only time futures trading makes sense to me is when price is going down. If not spot trading pretty much serves all the purpose with better advantage of not losing your money completely
futures makes sense in both ways

Normal, weti day traders Dy find for spot undecided futures is meant for traders not holders.

1 Like

Re: Crypto Currency Investors Thread by princejones(m): 8:47pm On Mar 09, 2022
Edipet:
Please some body should help me,.. should I sale what ftm remain for me,? Any hope?... please invested heavily on it
How many pieces did you buy
Re: Crypto Currency Investors Thread by cherryCola: 8:54pm On Mar 09, 2022
ThisisIkemefuna:


Does binance have anything like copy trading? Or what crypto platform has that? I want to be following your trade with 2-4 usdt

cheesy cheesy cheesy

Am not sure there have anything like copy trading.
Re: Crypto Currency Investors Thread by cherryCola: 8:59pm On Mar 09, 2022
For the sake of some ignorance fool on this thread that does not want to learn and those not want to believe, I WON'T BE POSTING MY SIGNAL HERE AGAIN ! .
Re: Crypto Currency Investors Thread by Lucremoy(m): 9:07pm On Mar 09, 2022
FuckHomophobes:



You can still get. They would be minting on Friday. Hopefully it's gonna be legit. Because my mind is saying otherwise.

If it's legit, I go run giveaway
omo. I hope its legit o
no forget me, I dey your back

1 Like

Re: Crypto Currency Investors Thread by cherryCola: 9:08pm On Mar 09, 2022
�META CASH Token

Binance Smart Chain

META CASH/BNB

META CASH/BUSD

META CASH/USDT


� Contract Address: 0xd57127df4e385c968adc9ef0f6d40a83ab91366b

Target � 5X to 20X

Slippage 10% to 12%

Version 2

Hurry up shocked .

2 Likes 1 Share

Re: Crypto Currency Investors Thread by FuckHomophobes: 9:16pm On Mar 09, 2022
Lucremoy:

omo. I hope its legit o
no forget me, I dey your back

Make I bookmark am. grin

2 Likes

Re: Crypto Currency Investors Thread by cherryCola: 9:20pm On Mar 09, 2022
cherryCola:
�META CASH Token

Binance Smart Chain

META CASH/BNB

META CASH/BUSD

META CASH/USDT


� Contract Address: 0xd57127df4e385c968adc9ef0f6d40a83ab91366b

Target � 5X to 20X

Slippage 10% to 12%

Version 2

Hurry up shocked .

All you guys can do is hate none of can get high as me tongue .

Mad pump shocked

Re: Crypto Currency Investors Thread by cherryCola: 9:22pm On Mar 09, 2022
cherryCola:
�META CASH Token

Binance Smart Chain

META CASH/BNB

META CASH/BUSD

META CASH/USDT


� Contract Address: 0xd57127df4e385c968adc9ef0f6d40a83ab91366b

Target � 5X to 20X

Slippage 10% to 12%

Version 2

Hurry up shocked .

Testimony tongue.

Some of you won't know who you have here till am gone undecided .

Re: Crypto Currency Investors Thread by cherryCola: 9:24pm On Mar 09, 2022
cherryCola:
�META CASH Token

Binance Smart Chain

META CASH/BNB

META CASH/BUSD

META CASH/USDT


� Contract Address: 0xd57127df4e385c968adc9ef0f6d40a83ab91366b

Target � 5X to 20X

Slippage 10% to 12%

Version 2

Hurry up shocked .

Where are those calling me scammer .

Re: Crypto Currency Investors Thread by cherryCola: 9:27pm On Mar 09, 2022
cherryCola:
�META CASH Token

Binance Smart Chain

META CASH/BNB

META CASH/BUSD

META CASH/USDT


� Contract Address: 0xd57127df4e385c968adc9ef0f6d40a83ab91366b

Target � 5X to 20X

Slippage 10% to 12%

Version 2

Hurry up shocked .

Still not too late to get in undecided .
Re: Crypto Currency Investors Thread by ThisisIkemefuna(m): 9:32pm On Mar 09, 2022
DieRich5:
futures makes sense in both ways

Normal, weti day traders Dy find for spot undecided futures is meant for traders not holders.

No, spot can be used for day trading in place of LONG POSITION (only when trading uptrend like I said).

You buy low and wait for an uping/increase in price then lock in profit. Tell me how this is not similar to long position in futures trading?

It is similar

...Just that futures has advantages (leverage for bigger profit) and disadvantages ( risk of losing your capital COMPLETELY)

7 Likes

Re: Crypto Currency Investors Thread by Jameselias: 10:04pm On Mar 09, 2022
Goldbw122:
I have grow my 4 dollars to 16dollars, nice one..
wow just today congrats but be careful oo
Re: Crypto Currency Investors Thread by DieRich5: 10:13pm On Mar 09, 2022
ThisisIkemefuna:


No, spot can be used for day trading in place of LONG POSITION (only when trading uptrend like I said).

You buy low and wait for an uping/increase in price then lock in profit. Tell me how this is not similar to long position in futures trading?

It is similar

...Just that futures has advantages (leverage for bigger profit) and disadvantages ( risk of losing your capital COMPLETELY)
this is the benefits
If u really know TA and risk management I don't see how ur going to lose all ur capital

I didn't say u can't day trade in spot but it's shit doing day trade in spot, bigger profits is the goal and day traders get target a day so why waste ur time in spot when u know ur closing positions before the trading day ends even at loss.
The day trade goal is to profit from very short-term price movements so I don't see why day trading in spot take make sense undecided

1 Like

Re: Crypto Currency Investors Thread by Taidi(m): 10:24pm On Mar 09, 2022
cherryCola:
�META CASH Token

Binance Smart Chain

META CASH/BNB

META CASH/BUSD

META CASH/USDT


� Contract Address: 0xd57127df4e385c968adc9ef0f6d40a83ab91366b

Target � 5X to 20X

Slippage 10% to 12%

Version 2

Hurry up shocked .
Why is there an unlocked wallet holding 87% of liquidity plus the liquidity is very low. Make us understand why you want us to jump in.

2 Likes

Re: Crypto Currency Investors Thread by DieRich5: 10:38pm On Mar 09, 2022
undecided
Re: Crypto Currency Investors Thread by OlympiadTutor(m): 10:50pm On Mar 09, 2022
MapleBae2020:

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?

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.

3 Likes

Re: Crypto Currency Investors Thread by jovincyy10(m): 11:08pm On Mar 09, 2022
FuckHomophobes:



Yes I'm there, I've got 6 WL and I'm seriously praying it turns out legit. Cos omo the WL process is so effing easy
. I am telling you bro immediately i mint I am listing it... which other wl do you have?
Re: Crypto Currency Investors Thread by jovincyy10(m): 11:09pm On Mar 09, 2022
FuckHomophobes:



Yes I'm there, I've got 6 WL and I'm seriously praying it turns out legit. Cos omo the WL process is so effing easy
.... six is a lot o lol . Which other project wl do you have
Re: Crypto Currency Investors Thread by dotunibrahim7(m): 11:27pm On Mar 09, 2022
Agbaa!
cherryCola:
�META CASH Token

Binance Smart Chain

META CASH/BNB

META CASH/BUSD

META CASH/USDT


� Contract Address: 0xd57127df4e385c968adc9ef0f6d40a83ab91366b

Target � 5X to 20X

Slippage 10% to 12%

Version 2

Hurry up shocked .
Re: Crypto Currency Investors Thread by socoy: 12:01am On Mar 10, 2022
dotunibrahim7:
Agbaa!
good evening guys. I would like to learn futures trading smiley
Re: Crypto Currency Investors Thread by MapleBae2020: 12:06am On Mar 10, 2022
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?
Re: Crypto Currency Investors Thread by FuckHomophobes: 12:23am On Mar 10, 2022
jovincyy10:
.... six is a lot o lol . Which other project wl do you have

Haha some people got 18.

That's the only one I have gotten on Arbitrum ecosystem

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