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Crypto Currency Investors Thread - Investment (2630) - Nairaland

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Re: Crypto Currency Investors Thread by solreb: 4:05pm On Jul 03, 2022
Binance
Re: Crypto Currency Investors Thread by Kingsteve(m): 4:28pm On Jul 03, 2022
solreb:

It is a combination of limit orders (several of them will be opened by the system automatically within the lower and upper prices you set). See the screenshots of FLM I setup 3 days ago with 250 USDT at x20 cross on Futures. I picked Neutral it trades in either direction. At the setup you can start with the market order for the first trade (or a limit order) after which the system will continue to buy and sell within the price limits. You can see that I have made $70 (28%) on the $250 in the last 3 days it has been running. If I see an unusual movement in FLM that will hurt my trade I can end it immediately. I expect FLM to be range trading with no serious up or down movement. Then I will be good

Insightful!
Maybe I'll give it a try someday, but for some reason, I have an averse for futures trading.

I started trading on indices back in the day (E-trade spread betting), and the experience wasn't so lovely.

For peace of mind, I prefer spot trading, and that's why I dug deep to learn how to trade on my own without any automated assistance.

Thank you very much I appreciate.
I'm sure those into futures trading can learn a few things from your positive contribution.

Cheers!

1 Like

Re: Crypto Currency Investors Thread by DieRich5: 8:22pm On Jul 03, 2022
Raph3177:

Face your school forget crypto for now. Crypto is best when u have a strong legit source of income. Forget what u have heard it can never make a broke person rich. As for am concerned crypto is for the well to do If u grab.
wrong

6 Likes

Re: Crypto Currency Investors Thread by DieRich5: 8:26pm On Jul 03, 2022
uniquetechng:
The fight between BEAR and BULL is still raging with bear still having the upper hand.

Trade with CAUTION.
I ain't seeing any fight for now, bear already won

4 Likes 1 Share

Re: Crypto Currency Investors Thread by Kingsteve(m): 9:12pm On Jul 03, 2022
Kingsteve:
So it seems BTC has found a support at $18,975 or lower, and this is the first time we're seeing a daily green candle.
The closest resistance is at $19,653.62, followed by an upper resistance at $19,898.00

Because of this fact, I will still leave my open position at shiba running, until BTC hits one of those resistance and probably pulls back!

Once that happens, I also will be taking my profits from shiba, which will likely be above my target of 1.5%

Note: I would have closed this position yesterday if i was trading with huge capital, and also opened another position today, and be in profits too.

BTC trying to power up with lots of accumulation at those support levels.

I expect Shiba and other altcoins to do same.
Still...hodling on for more profits in Shiba.

The advantage I have opening a long position at that supprt level, is because if BTC finds some kind of momentum that can take price back up to $20k, expect the likes of shiba and Doge to lock in better profits, as they are usually more volatile.


We die at that support level!

MODIFIED: At the current price of shiba, I'm already in profits of 1.7%, that is, above my daily 1.5% target for the third day running!
But like I said before, if only I was trading with huge volume, I would have been closing these positions and opening for the past 3 days, and locking in above the 1.5% daily targets.

Makes sense now?
grin

Re: Crypto Currency Investors Thread by gamaliel9: 9:47pm On Jul 03, 2022
Damn! I will keep dcaing till bitcoin hits 3k, $50 this week, $200 next week, $100..this money i am putting is extra that i do not need. I have an emergency fund, so do not follow my strategy. This is a life time opportunity to upgrade hugely cool cool

2 Likes

Re: Crypto Currency Investors Thread by uniquetechng: 9:47pm On Jul 03, 2022
DieRich5:
I ain't seeing any fight for now, bear already won
Bull is still trying to fight back

2 Likes

Re: Crypto Currency Investors Thread by Kingsteve(m): 9:53pm On Jul 03, 2022
gamaliel9:
Damn! I will keep dcaing till bitcoin hits 3k, $50 this week, $200 next week, $100..this money i am putting is extra that i do not need. I have an emergency fund, so do not follow my strategy. This is a life time opportunity to upgrade hugely cool cool

Dollar-cost averaging!
Re: Crypto Currency Investors Thread by Geovanni412(m): 10:01pm On Jul 03, 2022
Lordsagna:

Okay ma'am, do I need to buy books on coin I want to buy ? ...are those things that complex?

Yes, trading is complex just as driving or playing tennis is complex. It takes reading and a lot of practice. All the books you go need for trading are available on libgen.rs for free. If what you want is mentorship, then look at Dapo Willis course..it goes for about 100 dollars. But to me, if you have no money, download the trading books , read and practice a lot.

4 Likes

Re: Crypto Currency Investors Thread by Nzecorneboy: 10:22pm On Jul 03, 2022
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.
One of the best analyst and why I dey follow this thread. Boss please can I send you pm? There is something important and personal I want to talk with you.

Thanks
Re: Crypto Currency Investors Thread by Ibime(m): 10:38pm On Jul 03, 2022
Nzecorneboy:
One of the best analyst and why I dey follow this thread. Boss please can I send you pm? There is something important and personal I want to talk with you.

Thanks

Go ahead

5 Likes

Re: Crypto Currency Investors Thread by cmoney22222: 12:19am On Jul 04, 2022
Kingsteve thanks for your daily analysis. Let try to appreciate king biko. Blessings on you and other analysts.

5 Likes

Re: Crypto Currency Investors Thread by Kingsteve(m): 12:38am On Jul 04, 2022
cmoney22222:
Kingsteve thanks for your daily analysis. Let try to appreciate king biko. Blessings on you and other analysts.



Thank you!
Re: Crypto Currency Investors Thread by deflover(m): 5:13am On Jul 04, 2022
traders
there is something i noticed
gold and btc couple in trading

coupling in trading means when two different financial securities move in same direction

while decoupling means when two different financial securities move in opposite directions

meaning as gold goes down
btc goes down

so once we see a reversal on gold
btc will begin to fly

3 Likes

Re: Crypto Currency Investors Thread by Geovanni412(m): 6:50am On Jul 04, 2022
deflover:
traders
there is something i noticed
gold and btc couple in trading

coupling in trading means when two different financial securities move in same direction

while decoupling means when two different financial securities move in opposite directions

meaning as gold goes down
btc goes down

so once we see a reversal on gold
btc will begin to fly

So according to your analysis, when will we see a reversal on gold?
Re: Crypto Currency Investors Thread by Ezlynn: 7:05am On Jul 04, 2022
Cryptocurrency is the future and it's not too late to invest, enjoy the best market rates trading crypto on https://yellowcard.io/
Re: Crypto Currency Investors Thread by crazymommy(f): 7:54am On Jul 04, 2022
deflover:
traders
there is something i noticed
gold and btc couple in trading

coupling in trading means when two different financial securities move in same direction

while decoupling means when two different financial securities move in opposite directions

meaning as gold goes down
btc goes down

so once we see a reversal on gold
btc will begin to fly


Mcthewwwww

2 Likes

Re: Crypto Currency Investors Thread by Siberia01(m): 8:00am On Jul 04, 2022
deflover:
traders
there is something i noticed
gold and btc couple in trading

coupling in trading means when two different financial securities move in same direction

while decoupling means when two different financial securities move in opposite directions

meaning as gold goes down
btc goes down

so once we see a reversal on gold
btc will begin to fly
undecided if I call you Mumu now the mods will ban me

4 Likes

Re: Crypto Currency Investors Thread by Mynameis007(m): 8:08am On Jul 04, 2022
deflover:
traders
there is something i noticed
gold and btc couple in trading

coupling in trading means when two different financial securities move in same direction

while decoupling means when two different financial securities move in opposite directions

meaning as gold goes down
btc goes down

so once we see a reversal on gold
btc will begin to fly

E better make you no dey talk if you have nothing tangible to contribute.
This one is a very vague comment, nothing to hold unto at all.


Na waooo

3 Likes

Re: Crypto Currency Investors Thread by Samakus(m): 8:14am On Jul 04, 2022
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Re: Crypto Currency Investors Thread by sweetveek(m): 8:55am On Jul 04, 2022
gamaliel9:
Damn! I will keep dcaing till bitcoin hits 3k, $50 this week, $200 next week, $100..this money i am putting is extra that i do not need. I have an emergency fund, so do not follow my strategy. This is a life time opportunity to upgrade hugely cool cool
i think the lowest we can see before uptrend is 8-10k$
Re: Crypto Currency Investors Thread by DrShomo: 8:57am On Jul 04, 2022
Louisfrank:



Den no allow you transfer ham out of the app?

Yeah bro
Re: Crypto Currency Investors Thread by DrShomo: 8:58am On Jul 04, 2022
Chikacha:


I'm telling you my brother. Even the Pioneers that year go dey shout say anything can still happen ooo, trade with what you can lose oo. Then sef some crazy ones advised newbies not to try it.... these ones go dey talk am like say na confirm. See how many people cried out when Flover boat capsize, and na so people dey warn am like this. Kola capsize, Flover emerge, Flover capsize, king emerge, still, the same concept curses and by-force takeover . This thread is here to help people, If na like that people dey run this thread, truth, una nor for meet this thread. I don't know why people feel the need to outshine others or to takeover.

As I dey so, If Rmek and PYR nor enter 0.5 my name na lookuman and I nor go regret anything.

I feel u bro, wink
Re: Crypto Currency Investors Thread by XaToXi: 9:01am On Jul 04, 2022
Kingsteve:


Insightful!
Maybe I'll give it a try someday, but for some reason, I have an averse for futures trading.

I started trading on indices back in the day (E-trade spread betting), and the experience wasn't so lovely.

For peace of mind, I prefer spot trading, and that's why I dug deep to learn how to trade on my own without any automated assistance.

Thank you very much I appreciate.
I'm sure those into futures trading can learn a few things from your positive contribution.

Cheers!

Strategy/grid trading works on both futures and spot.

It's a good way to DCA and compound your hodl bags by longing and shorting automatically, especially for those who don't know how to short.

It's very crucial to set your range and grid width properly though, so that the coin doesn't move out of range and stop making money, in which case you will need to recreate it or another one.

A grid width greater than 0.6% is also good to accommodate the trading fees.

2 Likes 1 Share

Re: Crypto Currency Investors Thread by macphilip: 9:15am On Jul 04, 2022
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Re: Crypto Currency Investors Thread by Onlysage: 9:16am On Jul 04, 2022
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Re: Crypto Currency Investors Thread by Titanium001: 9:33am On Jul 04, 2022
DieRich5:
I ain't seeing any fight for now, bear already won
I'm not seeing btece at $17k or below
Re: Crypto Currency Investors Thread by Titanium001: 9:43am On Jul 04, 2022
gamaliel9:
Damn! I will keep dcaing till bitcoin hits 3k, $50 this week, $200 next week, $100..this money i am putting is extra that i do not need. I have an emergency fund, so do not follow my strategy. This is a life time opportunity to upgrade hugely cool cool
wake up...

Re: Crypto Currency Investors Thread by Titanium001: 9:53am On Jul 04, 2022
deflover:
traders
there is something i noticed
gold and btc couple in trading

coupling in trading means when two different financial securities move in same direction

while decoupling means when two different financial securities move in opposite directions

meaning as gold goes down
btc goes down

so once we see a reversal on gold
btc will begin to fly
If they couple, what's now our business with gold?
Re: Crypto Currency Investors Thread by Kingsteve(m): 10:01am On Jul 04, 2022
Kingsteve:


BTC trying to power up with lots of accumulation at those support levels.

I expect Shiba and other altcoins to do same.
Still...hodling on for more profits in Shiba.

The advantage I have opening a long position at that supprt level, is because if BTC finds some kind of momentum that can take price back up to $20k, expect the likes of shiba and Doge to lock in better profits, as they are usually more volatile.


We die at that support level!

MODIFIED: At the current price of shiba, I'm already in profits of 1.7%, that is, above my daily 1.5% target for the third day running!
But like I said before, if only I was trading with huge volume, I would have been closing these positions and opening for the past 3 days, and locking in above the 1.5% daily targets.

Makes sense now?
grin

Greetings!
So, this is my 4th day of hodling shiba, and with the current price of shiba at 0.00001010 as at when writing this, again...I've hit profits of 1.91% after I predicted that BTC will touch the resistance at $19,653 or thereabouts before a pullback to support area of $18k

What this means is that yet again, I've proved that 1.5% can be achieved at least 4 out of 7days of trading.

Now, some may ask why am I not taking profits and opening new positions?
The reason for this is because, I am not trading with huge volume, and secondly, I see the potential of more profits if I should hodl a little bit longer.

The price at which I opened a long position is too good to be wasted.
What I'm implying is that, if I close this position at the current profit of 1.91%, I am not sure I will catch that low price around support again.

So what I'm basically doing is riding my luck and hoping for a relief rally, no matter how short the duration.
A week's relief rally on BTC will give me more profits.

Please note: the only reason I'm riding my luck is because the selling pressure seems to be losing momentum, and suport forming around 18-19k

For those of you who are more daring and have an open mind, and willing to broaden your trading skills, this is the easiest way to be consistent with profits of 1.5% in a bear market, if you're trading with huge volumes.

Impossible is nothing!
cool

6 Likes

Re: Crypto Currency Investors Thread by deflover(m): 11:01am On Jul 04, 2022
Geovanni412:


So according to your analysis, when will we see a reversal on gold?

once gold test $1747

we should be looking for it if that level holds

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