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Crypto Currency Investors Thread - Investment (2631) - Nairaland

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Re: Crypto Currency Investors Thread by XaToXi: 11:02am On Jul 04, 2022
Kingsteve:


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.

stop loss could have helped here, or hedging
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

Well done.

This here, is the reason why some people trade futures. It enables you use more money so that you can close deals faster even with minimal moves and re-enter trades more often.

The 18k to 21k range covers a 14% to 17% deviation and can be safely traded at 5x max leverage without liquidation.

This weekend, there was a scam wick to 18780 and a pump to 19465. That's less than 5% move in a day so at 20x max leverage, you wouldn't have been liquidated.

Someone like you that knows when to enter, where to exit and point of invalidation to put your stop loss at, can't be liquidated if you use risk management too.

You can DCA/ladder your entries 30/30/40 or 20/20/30/30 at those support levels and ladder the TPs at each resistance level as well. This is for those who say if it reaches 19k, it will get to 19k5 without understanding that those figures/levels have purpose.

If you are using hedge mode at 10x leverage, your effective leverage will range from 0 to 5x depending on the weight you have on the winning side, 5x to 10x depending on the weight you have on the losing side, and 10x only when you have only one side open.

That way, you can ladder your shorts based on the daily btc resistance levels and ladder your longs based on the support levels and then TP manually.

Those who'd rather automate the process can just use spot or futures strategy/grid trading.

4 Likes 1 Share

Re: Crypto Currency Investors Thread by Lillord(m): 11:10am On Jul 04, 2022
Nairalandian:
Guys, there's this project I've been monitoring.
There's real hype on there. Presale sold out in 3 minutes.
They're a coin voting website like coinsniper, coinvote and the the rest..
They'll launch their token by 5 pm NGA time


For those who are interested, join chat
https://coindecimal.com/tokens/


Remove the "/" before the "c" in "coinhunters", then join the sentence together for the link

Or just visit their website
https://coindecimal.com/tokens/
You'll see the tg link there
Re: Crypto Currency Investors Thread by Kingsteve(m): 11:13am On Jul 04, 2022
XaToXi:


Well done.

This here, is the reason why some people trade futures. It enables you use more money so that you can close deals faster even with minimal moves and re-enter trades more often.

The 18k to 21k range covers a 14% to 17% deviation and can be safely traded at 5x max leverage without liquidation.

This weekend, there was a scam wick to 18780 and a pump to 19465. That's less than 5% move in a day so at 20x max leverage, you wouldn't have been liquidated.

Someone like you that knows when to enter, where to exit and point of invalidation to put your stop loss at, can't be liquidated if you use risk management too.

You can DCA/ladder your entries 30/30/40 or 20/20/30/30 at those support levels and ladder the TPs at each resistance level as well. This is for those who say if it reaches 19k, it will get to 19k5 without understanding that those figures/levels have purpose.

If you are using hedge mode at 10x leverage, your effective leverage will range from 0 to 5x depending on the weight you have on the winning side, 5x to 10x depending on the weight you have on the losing side, and 10x only when you have only one side open.

That way, you can ladder your shorts based on the daily btc resistance levels and ladder your longs based on the support levels and then TP manually.

Those who'd rather automate the process can just use spot or futures strategy/grid trading.

Nice!
My brother ehhh...I hear you ooo!
Let's just say I'm scared of trading futures for now.
I am more in my comfort zone when I trade spot.
I understood everything in regards to making more money, with the small percentage in profits.

Maybe in time, I might explore futures, but for now, I feel more comfortable trading spots.

Nice contribution from you so far.
Let those who trade futures take a cue from your analysis and strategy.
It will help!

Again, in regards to automated trading, I prefer to do it manually.
With automated trading, there are chances one might mids out on the big moves, simply because of the lower profit targets in the settings.

But with manual trading, I follow BTC's every move, and when there seems to be a pullback, I can then take my profits from my long positions.

You know what you're doing!
Kudos and more winnings in the bag for you.

3 Likes 1 Share

Re: Crypto Currency Investors Thread by DieRich5: 11:42am On Jul 04, 2022
Titanium001:
I'm not seeing btece at $17k or below
naso we talk @28 ND 25 undecided
Re: Crypto Currency Investors Thread by Omobola121(f): 11:51am On Jul 04, 2022
Bro, why did you abandon your Telegram group?

XaToXi:


Well done.

This here, is the reason why some people trade futures. It enables you use more money so that you can close deals faster even with minimal moves and re-enter trades more often.

The 18k to 21k range covers a 14% to 17% deviation and can be safely traded at 5x max leverage without liquidation.

This weekend, there was a scam wick to 18780 and a pump to 19465. That's less than 5% move in a day so at 20x max leverage, you wouldn't have been liquidated.

Someone like you that knows when to enter, where to exit and point of invalidation to put your stop loss at, can't be liquidated if you use risk management too.

You can DCA/ladder your entries 30/30/40 or 20/20/30/30 at those support levels and ladder the TPs at each resistance level as well. This is for those who say if it reaches 19k, it will get to 19k5 without understanding that those figures/levels have purpose.

If you are using hedge mode at 10x leverage, your effective leverage will range from 0 to 5x depending on the weight you have on the winning side, 5x to 10x depending on the weight you have on the losing side, and 10x only when you have only one side open.

That way, you can ladder your shorts based on the daily btc resistance levels and ladder your longs based on the support levels and then TP manually.

Those who'd rather automate the process can just use spot or futures strategy/grid trading.
Re: Crypto Currency Investors Thread by R2bees2: 11:56am On Jul 04, 2022
Scam mini pump, we are still going to touch 18K5 or there about so be careful with your longs

1 Like

Re: Crypto Currency Investors Thread by SUPERPACK: 12:13pm On Jul 04, 2022
R2bees2:
Scam mini pump, we are still going to touch 18K5 or there about so be careful with your longs
I won't. I am longing btc to $100k.

2 Likes

Re: Crypto Currency Investors Thread by XaToXi: 12:13pm On Jul 04, 2022
Omobola121:
Bro, why did you abandon your Telegram group?


It's not abandoned.

I answer questions as they come.

I can't be talking to myself there na grin
Re: Crypto Currency Investors Thread by Medvic: 12:46pm On Jul 04, 2022
Got some change to squeeze into some pro returns-yielding cryptos??
Based on the current market situation and the DYOR we’ve sort of done on your behalf (you're welcome, Buddy �) you should definitely consider this week’s coins to watch for the week.

Enjoy �:


Cardano (ADA)
Have you seen the news lately? A sure top choice to invest in today is Cardano. The project is a popular, fast-growing blockchain technology that stands for secure and sustainable blockchain with ground-breaking use cases. For instance, Cardano is capable of “redistributing power from unaccountable structures to the margins.”

Its native cryptocurrency ADA has recently acquired expanded attention as one of the increasing numbers of proof-of-stake blockchains under construction in the crypto environment.

The Cardano project defines its protocol as a blockchain of the third generation intended to enable smart contracts with future applications of quality control and governance of the supply chain. The digitization of money could have a huge impact in the market in the short-run, hence it’s only expectable that crypto coins such as Cardano could rise in power in the course of the week.


Shiba Inu (Shib)
Shiba Inu is the second largest meme coin by market capitalisation. This, coupled with the fact that the number of wallet addresses holding the Shiba Inu token has increased drastically over time.

The digital currency, despite its large supply has a burning strategy plan set to reduce the quantity of the coins in circulation per time and has always shown a considerable recovery over the little time bitcoin recovered in the past week and has reduced in its dumping rate.
Recently there was a considerable burn by the community which is believed to help the price of this token over the coming days.

The price it is currently seems to be a giveaway price for interested investors.
My only ask is that you remember where you got the tip from and cute soap accordingly �


BNB
Another premium crypto to add to your watchlist this week is the BNB.
The Binance coin is the mostly used exchange coin in terms of trading volumes and number of users. The crypto exchange's native crypto asset – BNB is also used for investing, payment processing and booking travel arrangements.

It also recently announced a signed partnership with one of the world's leading football players Christiano Ronaldo and the most tik tok influencer, Khaby Lame. These are good events for the ecosystem that are expected to draw the attention of investors and more followers to the BNB coin and should help in increasing the price of the coin over the week, or even reduce dumping volatility if things should go otherwise.


Bitcoin (BTC)
Overall, Bitcoin is the best cryptocurrency for beginners to purchase in July 2022. Have you ever questioned your ability to purchase Bitcoin in spite of its high cost? Bitcoin might be the most undervalued cryptocurrency to buy right now if you're just getting started in the crypto asset industry. This is due to how much less volatile the dominant cryptocurrency is. After all, in terms of market capitalization, Bitcoin (BTC) is the largest crypto asset.

Over the first few months of 2022, Bitcoin's price and worth have been locked in a consolation period, fluctuating between pricing levels of between $18,000 and $22,000. Having said that, forecasts for the price of bitcoin indicate that it will surpass $75,000 by the end of 2022. So if you’re looking to buy and hold cryptos for the week, you might want to consider investing in Bitcoin.


Ethereum (ETH)
Ethereum is the de facto choice of the best cryptos to invest in July 2022.
Fun fact: Most cryptocurrency projects analyzed in this post are built on top of the Ethereum blockchain. In fact, this seems to be the case with virtually most of the meme coins and metaverse projects that we came across today – so it goes without saying that Ethereum should also be considered if you wish to invest in the crypto market this week.

Ethereum has also experienced a tremendous hike in its price. From 2016 to the early of 2022, its price went from about $10 to over $3,550, increasing more than 32,000%.
Most analysts estimate that the value of Ethereum (ETH) has plenty of room for growth ahead and investing in Ethereum is a good decision for the long-term.

Therefore, it could be a good time to buy and hold Ethereum while the digital asset is currently in the trenches (undervalued).


If you will like to be getting these sweet free updates, search for Quidax on telegram, they donit everyday with vibes�

2 Likes

Re: Crypto Currency Investors Thread by Omobola121(f): 12:54pm On Jul 04, 2022
Okay. I engaged you there. Kindly check.
XaToXi:


It's not abandoned.

I answer questions as they come.

I can't be talking to myself there na grin
Re: Crypto Currency Investors Thread by XaToXi: 12:54pm On Jul 04, 2022
Omobola121:
Okay. I engaged you there. Kindly check.

Responded.
Re: Crypto Currency Investors Thread by R2bees2: 1:51pm On Jul 04, 2022
SUPERPACK:
I won't. I am longing btc to $100k.
Good for you, I'm talking to day traders.

1 Like

Re: Crypto Currency Investors Thread by Samakus(m): 4:53pm On Jul 04, 2022
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Re: Crypto Currency Investors Thread by Titanium001: 5:47pm On Jul 04, 2022
DieRich5:
naso we talk @28 ND 25 undecided
I know, but de tin still be say if no be bulls wey de fight back, bears for don do wetin dey deir mind: btece for don crash like pack of cards. So nobody don win yet; yes, de bears dey on de lead for now (price dey down pass before), but match never finish (we never see $17k and below yet)

1 Like

Re: Crypto Currency Investors Thread by robertogarcia: 6:04pm On Jul 04, 2022
Hmm, that's actually interesting. Well, I started getting into this field only a few months ago, so it's not like I understand much, but I manage to profit. At first, I didn't have a strategy at all, but then I started reading the SingularityDAO blog, and it helped me get my first income. I discovered a great tool for a novice investor, and the algorithms of an application look for the most profitable solutions for me, so I didn't have to deal with everything myself because I know I'd lose a lot.
Re: Crypto Currency Investors Thread by cherryCola: 6:07pm On Jul 04, 2022
LWKM......... cheesy .

one slowpoke here telling people that the best time to buy coin will be 2024......... cheesy .
This are people that buy's the top and sale the dip.

NEWBIES, START ACCUMULATING ON 2022 SEPTEMBER !

5 Likes

Re: Crypto Currency Investors Thread by OduduGodswill: 6:41pm On Jul 04, 2022
I make 10% profit weekly trading with my business coach. Check him out and thank me later

https://www.instagram.com/p/CKdT4jKjvHG/?igshid=YmMyMTA2M2Y=
Re: Crypto Currency Investors Thread by Kingsteve(m): 7:28pm On Jul 04, 2022
Kingsteve:


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

Just as expected, BTC gathering momentum and finally touched $20,143.02 as the day's high.

Looking at the chart below, if BTC can flip the former resistance of $19,865 or slightly lower at $19,653 or even $19,496 into a support, then expect BTC to keep gaining more momentum.

What this means for my shiba hodling, is that I am currently in profits of 4%
But still...I'm not closing that position just yet, as long as BTC keeps gaining more grounds from the bears.

Who said 1.5% daily profit is an impossibility?
Well...let my workings and analysis do the talking!

Re: Crypto Currency Investors Thread by MarshallMathers(m): 8:00pm On Jul 04, 2022
Which coins in your opinion will survive the next cryptocurrency winter?

There's no doubt the below crypto coins have always survived the winter to hit new all-time highs.

You cannot take out the following coins: BTC and ETH.

1. Bitcoin [https://quidax.com/c/buy-bitcoin-nigeria/] is the first and leading cryptocurrency with the largest market value, and since so much money has been put into it, it is the most closely monitored coin by investors.

2. Ethereum (ETH) is the blockchain of choice for decentralized finance (DeFi) and the most widely utilized blockchain; it is expected to do well in the future, as always in the past.

3. The crypto versions of the USD, which are USDT and USDC, are financially backed by commercial bodies.

4. Tron (TRX) and Cardano (ADA) are considered Ethereum Killers because they have a lot of utility and are frequently traded, and this, combined with their large market cap and development, makes them currencies with strong future prospects as always.

Their prices at the time of writing:
BTC - $19,200.00 || ETH - $1,050.00 || Tron - $0.065 || ADA - $0.45

Choose long-term, as this doesn't constitute any financial advice.

1 Like

Re: Crypto Currency Investors Thread by MarshallMathers(m): 8:09pm On Jul 04, 2022
HOW TO STORE YOUR CRYPTO COINS SAFELY

While there are several factors to consider when selecting a crypto wallet, safety should always be the top priority.

Let's consider some of the safety crypto wallet:

1. The Ledger Hardware wallet, also known as "cold storage," is widely regarded as the safest way to store cryptocurrency. It is supported by security experts and keeps your private keys offline. It works by generating a set of private keys, which you should keep safely offline, so your crypto is inaccessible to anyone other than the holder of specific access codes.

2. A digital software wallet, like a crypto exchange, is known to be secure depending on the security layers it employs. An exchange that prioritizes security over user funds will keep 90% of their assets in an offline cold wallet, as is customary, to prevent all types of attacks that could leave them vulnerable or cause irreparable loss.

It's important to note that not all hardware wallets are created equal. The precise level of security provided by a hardware wallet is determined by its features, so it's worth researching your provider to ensure that you're comfortable with the level of security and control provided, or to save time and money, you should rather use a highly secure exchange such as [Quidax.com].

I hope you make a good decision.

3 Likes

Re: Crypto Currency Investors Thread by MarshallMathers(m): 8:14pm On Jul 04, 2022
What will be the impact of China's central bank's decision to declare all cryptocurrency as illegal?

This is not the first time China has declared that Bitcoin will be banned; many people see this as an opportunity to purchase Bitcoin [https://quidax.com/c/buy-bitcoin-nigeria/] at a significant discount. Meanwhile, China has Bitcoin in its possession, which is somewhat ironic.

That's a lot of money if they're really wasting it after declaring it illegal, so don't worry and BTFD!

1 Like

Re: Crypto Currency Investors Thread by Siberia01(m): 9:33pm On Jul 04, 2022
cool

Massive thanks to you guys keeping this thread running.....

Insightful...
No knowledge is wasted ...
Endeavour to filter out those important keynotes and utilise it judiciously!

Let's prepare to start accumulating....

When trading futures
My strategies is always shorting from a resistance
With a 1:1.4 risk /reward ratio

2 Likes

Re: Crypto Currency Investors Thread by Goldbw122(m): 4:41am On Jul 05, 2022
Trade with caution
Btc is going to the moon.. I just pray it does not go down again.. sad

3 Likes

Re: Crypto Currency Investors Thread by Lillord(m): 6:55am On Jul 05, 2022
legacystore:
Crypto currency is known to have high volatility which means anything is possible u can make 80% loss or gain in just 24 hours depending on how the pendulum swings.

Just yesterday xrp was 220 and everyone was dumping and this morning it's has moved to 270 for those that stayed on. Massive profit in 24 hrs.

Let's discuss crypto picks, strategies and tips

My strategy is hodl or swing trading

I buy and hold to make at least 50% minimum before I dump and move to the next one.

My max wait period is 3 months, sometimes I hit target much earlier the other time I cut my loss.

Day trading is a no no for me, don't even have such time
Read more about cryptocurrency: https://coindecimal.com/crypto-investing/

1 Like 1 Share

Re: Crypto Currency Investors Thread by Kingsteve(m): 8:18am On Jul 05, 2022
Kingsteve:


Just as expected, BTC gathering momentum and finally touched $20,143.02 as the day's high.

Looking at the chart below, if BTC can flip the former resistance of $19,865 or slightly lower at $19,653 or even $19,496 into a support, then expect BTC to keep gaining more momentum.

What this means for my shiba hodling, is that I am currently in profits of 4%
But still...I'm not closing that position just yet, as long as BTC keeps gaining more grounds from the bears.

Who said 1.5% daily profit is an impossibility?
Well...let my workings and analysis do the talking!


BTC current price is at $20,379 as at writing.
A previous resistance of $20,146 has been temporarily flipped to a support, which will give BTC another ladder for its ascension.

If that support fails to hold because of shorting and few traders taking profit, then the next available support is at $19,865 which isn't still bad for BTC to sustain this relief rally.

If this relief rally continues, expect BTC to be chasing a strong resistance at $20,906

Back to my Shiba hodling....
Currently on 7.57% profits after 5 days of hodling.
So assuming I decide to close this position at 7.57%, it basically means I've averaged profits of 1.51% daily for the past 5 days (7.57%/5=1.51%)

Still...I'm hodling Shiba as long as BTC still shows signs of a mini recovery, and will exit when BTC hits any major resistance and begins a pullback.

I am willing to sacrifice a portion of my profits just to make sure I don't miss out if BTC should moon to previous intraday highs.

Again...this is the advantage of catching prices close to support levels.
You can rest easy, and watch how things unfold, and eliminate the urge to sell quickly, knowing fully well that come what may, you're still good!

2 Likes

Re: Crypto Currency Investors Thread by Moloso(m): 8:53am On Jul 05, 2022
Goldbw122:
Trade with caution
Btc is going to the moon.. I just pray it does not go down again.. sad




LOL. Una done start abi?

carry your profit and rest abeg
Re: Crypto Currency Investors Thread by StrafordSTONES(m): 8:56am On Jul 05, 2022
@ibime, are you following the Binancewaves group on Tg, there signals seems to be accurate.

What is your opinion about them?

I had the experience of joining a pump group last year only to be dumped on by same people.
So being skeptical about following their calls
Re: Crypto Currency Investors Thread by Bmaster(m): 9:13am On Jul 05, 2022
Kingsteve:



BTC current price is at $20,379 as at writing.
A previous resistance of $20,146 has been temporarily flipped to a support, which will give BTC another ladder for its ascension.

If that support fails to hold because of shorting and few traders taking profit, then the next available support is at $19,865 which isn't still bad for BTC to sustain this relief rally.

If this relief rally continues, expect BTC to be chasing a strong resistance at $20,906

Back to my Shiba hodling....
Currently on 7.57% profits after 5 days of hodling.
So assuming I decide to close this position at 7.57%, it basically means I've averaged profits of 1.51% daily for the past 5 days (7.57%/5=1.51%)

Still...I'm hodling Shiba as long as BTC still shows signs of a mini recovery, and will exit when BTC hits any major resistance and begins a pullback.

I am willing to sacrifice a portion of my profits just to make sure I don't miss out if BTC should moon to previous intraday highs.

Again...this is the advantage of catching prices close to support levels.
You can rest easy, and watch how things unfold, and eliminate the urge to sell quickly, knowing fully well that come what may, you're still good!
bro,
Your lifestyle go be somehow introverted oo.
Imagine having a neighbor whose life is spent daily on laptop screen,monitoring the ups and down movt of crypto,
Damnnn!
It's boring man!
Re: Crypto Currency Investors Thread by Kingsteve(m): 9:15am On Jul 05, 2022
Bmaster:
bro,
Your lifestyle go be somehow introverted oo.
Imagine having a neighbor whose life is spent daily on laptop screen,monitoring the ups and down movt of crypto,
Damnnn!
It's boring man!

Lol
Yes!
I'm an introvert!
And yes!
Day trading is a full time job!
Good observation!
cool

4 Likes

Re: Crypto Currency Investors Thread by damiloladuke: 9:30am On Jul 05, 2022
Do you need BNB smartchain for your crypto transaction fees? We sell as low as N1000

We currently sell for N625/$

You can connect with me on Whatsapp 08038606260 or simply click: https://vars.us/M4MyK

My website Kwitokc is back online, visit https://kwitoc.com/

Re: Crypto Currency Investors Thread by Omobola121(f): 9:32am On Jul 05, 2022
Omoh....I have been following Binance waves closely, I swearugawd en e be like say TA dey useless to this market.

I'm 95% convinced that some individuals control this market. They play this market like � ni...

1 Like

Re: Crypto Currency Investors Thread by Kingsteve(m): 9:32am On Jul 05, 2022
Update: so it seems there's lots of profit taking and shorting, because BTC hit a resistance at $20,478

This also affected shiba, and prices started falling.
Because of this, I finally closed my position at a profit of 4.84%
Yes, I sacrificed some portion of my profit to see if BTC will defend a higher support and continue with its ascension, but it didn't work out that way.

So my next move will be to allow BTC settle again at whatever support and look to open another long position.

3 Likes 1 Share

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