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Crypto Currency Investors Thread - Investment (2644) - Nairaland

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Re: Crypto Currency Investors Thread by OffsahBoye(m): 6:51am On Jul 11, 2022
Geovanni412:


Your post is ambiguous. Do you want to trade btc/xau or xau/usd? If it is xau/usd that you want to trade, then any forex broker (octafx, fxtn, exness) can give you that. If it is btc/xau, then you should be looking at deriv or exness.

Xau/usd
Thanks besides
Re: Crypto Currency Investors Thread by gammarays1: 6:53am On Jul 11, 2022
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Re: Crypto Currency Investors Thread by deflover(m): 7:46am On Jul 11, 2022
we should be seeing another round of lows

btc will do an extended low to $14077
after that we may see some recovery

the 7th candle method for bull has failed again
so we should see some bear continuation

so all coins will go lower from this week

the correction is expected next month not now

2 Likes

Re: Crypto Currency Investors Thread by samuelgodson(m): 7:55am On Jul 11, 2022
Good morning house ......hope we all slept well ........I would like to know d effects of increasing margin on an existing trade.......does it work with d initial entry point I place d trade on or does it use a new entry point..... Thanks
Re: Crypto Currency Investors Thread by Florasilver: 8:02am On Jul 11, 2022
samuelgodson:
Good morning house ......hope we all slept well ........I would like to know d effects of increasing margin on an existing trade.......does it work with d initial entry point I place d trade on or does it use a new entry point..... Thanks

Are you talking about futures or spot or forex?
Re: Crypto Currency Investors Thread by samuelgodson(m): 8:46am On Jul 11, 2022
Florasilver:


Are you talking about futures or spot or forex?
futures sir
Re: Crypto Currency Investors Thread by Florasilver: 8:58am On Jul 11, 2022
samuelgodson:
futures sir

Ok, in futures

For long position

* When already in profit, an increase in margin size will take your entry point higher e.g. from 0.0100 to 0.0150

* When still in loss (red) an increase in margin size will take your entry point lower e.g. from 0.0100 to 0.0085

The opposite applies to short positions

Trade with caution cos increasing your margin also increases your risk
Re: Crypto Currency Investors Thread by hexenbiest: 9:06am On Jul 11, 2022
moshuur:
Summary of my experience with futures so far....

I did make gain on some occasions...but d thing is futures has a way of collecting back d gain plus interest (I.e d principal)

I think I am getting better sha...but

I realize that leverage has been killing me
I am getting better at T.A (compared to when I started).

One's best bet when shorting is when their is a fud on a coin (similar to what happened to gmt..., I made money from d fud even though I later lost it to futures...lol)...

Or when their is a total crash like what happen to lunar....

N.B I used d word best bet..

Wagmi


Future is like a Loan, they give and take. If you don't mind you can also trade on https://yellowcard.io/ and be among the top five traders to win $100 weekly.
Re: Crypto Currency Investors Thread by Ballzproblemm: 9:29am On Jul 11, 2022
deflover:
we should be seeing another round of lows

btc will do an extended low to $14077
after that we may see some recovery

the 7th candle method for bull has failed again
so we should see some bear continuation

so all coins will go lower from this week

the correction is expected next month not now
omo you just don't give up do you ,you Don comeback after things cool to sell your TA again ,this time I won't attack you cause ,many people choose to be gullible on this thread ,so their portfolio their business

1 Like

Re: Crypto Currency Investors Thread by samuelgodson(m): 9:49am On Jul 11, 2022
Florasilver:


Ok, in futures

For long position

* When already in profit, an increase in margin size will take your entry point higher e.g. from 0.0100 to 0.0150

* When still in loss (red) an increase in margin size will take your entry point lower e.g. from 0.0100 to 0.0085

The opposite applies to short positions

Trade with caution cos increasing your margin also increases your risk
thanks a whole lot boss........by what u said here ....... I actually short the market and I'm in profit........ If I increase my margin it will take entry point from like let's say 21,550 to 21,000......just to be sure I understand properly grin grin grin .....again thanks a lot
Re: Crypto Currency Investors Thread by XaToXi: 10:01am On Jul 11, 2022
samuelgodson:
Good morning house ......hope we all slept well ........I would like to know d effects of increasing margin on an existing trade.......does it work with d initial entry point I place d trade on or does it use a new entry point..... Thanks

Adding more margin without increasing the amount of coin bought reduces your effective leverage and improves your liquidation price. Entry price stays the same.

Adding more more margin by buying more units of the coin gives you a lower entry price if you buy cheaper and a higher entry price if you buy higher. You might also be at higher risk of liquidation if you buy higher.

2 Likes

Re: Crypto Currency Investors Thread by Omobola121(f): 10:03am On Jul 11, 2022
Since you are in profit already, take part out of the profit and leave the rest running. I don't see any need increasing margin.

This is what futures does...tempting!!

samuelgodson:
thanks a whole lot boss........by what u said here ....... I actually short the market and I'm in profit........ If I increase my margin it will take entry point from like let's say 21,550 to 21,000......just to be sure I understand properly grin grin grin .....again thanks a lot

6 Likes

Re: Crypto Currency Investors Thread by XaToXi: 10:15am On Jul 11, 2022
samuelgodson:
thanks a whole lot boss........by what u said here ....... I actually short the market and I'm in profit........ If I increase my margin it will take entry point from like let's say 21,550 to 21,000......just to be sure I understand properly grin grin grin .....again thanks a lot

What are you trying to achieve by adding more margin? More profit? Or less risk of liquidation?

The only way to improve your shorts will be to increase the entry point from 21550 to 22k or higher and you can't do that since it's already in profit.

Your best bet is to put your stop loss in place now. At entry point or lower to be in profit. Then you can create new orders with the money you want to add above your entry price or SL. This will allow you close the current deal in profit and then open new shorts at a better entry price.

Adding new shorts below your entry price of 21550 will reduce your entry price to say 21000 or lower and increase your chances of liquidation if your short at support.

1 Like

Re: Crypto Currency Investors Thread by Titanium001: 10:25am On Jul 11, 2022
Good morning everyone

Please does anyone have experience on transferring usdt from kukoin to bnce?
Google de teh me jargons angry
Re: Crypto Currency Investors Thread by Omobola121(f): 10:31am On Jul 11, 2022
Click on withdrawal on Kucoin

Select USDT

Choose network (use TRON network) it is cheaper.

Go to binnace, click on deposit, choose usdt, copy your Tron network address.

Go back to Kucoin to paste the address.

Confirm the withdrawal

You will get it on binance btw 5-15mins.

Titanium001:
Good morning everyone

Please does anyone have experience on transferring usdt from kukoin to bnce?
Google de teh me jargons angry

8 Likes

Re: Crypto Currency Investors Thread by Pk01(m): 11:43am On Jul 11, 2022
Omobola121:
Click on withdrawal on Kucoin

Select USDT

Choose network (use TRON network) it is cheaper.

Go to binnace, click on deposit, choose usdt, copy your Tron network address.

Go back to Kucoin to paste the address.

Confirm the withdrawal

You will get it on binance btw 5-15mins.

thanks for this explanation..please I have a question ,let assume I buy xrp/usdt on kucoin and I want to send it to binance.. what is the mode of transfer..
Bep20,trc20 or which one is the suitable and less charges
Re: Crypto Currency Investors Thread by Niswayne19: 11:48am On Jul 11, 2022
If you wish to trade BTC then use Yellow card

Re: Crypto Currency Investors Thread by rogerjames39: 11:55am On Jul 11, 2022
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Re: Crypto Currency Investors Thread by JonathanObi(m): 12:16pm On Jul 11, 2022
I really appreciate all his efforts with the little investments of 300k with joy all over me after withdrawing 900k after 2 weeks with the help of my business coach

https://www.instagram.com/p/Cf3iLS6AXdm/?igshid=ZDc0MTNkNmI=
Re: Crypto Currency Investors Thread by Titanium001: 12:22pm On Jul 11, 2022
Omobola121:
Click on withdrawal on Kucoin

Select USDT

Choose network (use TRON network) it is cheaper.

Go to binnace, click on deposit, choose usdt, copy your Tron network address.

Go back to Kucoin to paste the address.

Confirm the withdrawal

You will get it on binance btw 5-15mins.

Thanks, boss. That means I need to buy some tron as gas fee
Re: Crypto Currency Investors Thread by macphilip: 12:23pm On Jul 11, 2022
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Re: Crypto Currency Investors Thread by leobergy(m): 1:02pm On Jul 11, 2022
Florasilver:


Ok, in futures

For long position

* When already in profit, an increase in margin size will take your entry point higher e.g. from 0.0100 to 0.0150

* When still in loss (red) an increase in margin size will take your entry point lower e.g. from 0.0100 to 0.0085

The opposite applies to short positions

Trade with caution cos increasing your margin also increases your risk

Pls can I edit my stoploss and take profit options after executing any order on binance futures?
Re: Crypto Currency Investors Thread by samuelgodson(m): 1:17pm On Jul 11, 2022
Omobola121:
Since you are in profit already, take part out of the profit and leave the rest running. I don't see any need increasing margin.

This is what futures does...tempting!!

kk boss..... I'm just playing with d thing to understand it better.......thanks boss
Re: Crypto Currency Investors Thread by Kingsteve(m): 2:14pm On Jul 11, 2022
The bulls must not allow the bears to reign supreme, at least for today's trading session.
The bulls need to maintain a higher support in preparation for the US CPI report coming out this week.

If BTC maintains a higher support, which will aid in taking price upwards, then the next wave of negative FA shouldn't take a full blown hit on the price of BTC.

In summary, the bulls must defend these new support areas at $20.2k/$20.3k and endeavor to regain lost grounds.

The bulls have fought well, and must not give up grounds thereby taking us back to square one.

Let's see how today's trading session pans out.

3 Likes

Re: Crypto Currency Investors Thread by Sucremaque: 2:25pm On Jul 11, 2022
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Re: Crypto Currency Investors Thread by Florasilver: 6:17pm On Jul 11, 2022
leobergy:


Pls can I edit my stoploss and take profit options after executing any order on binance futures?

Of course
Re: Crypto Currency Investors Thread by Florasilver: 6:22pm On Jul 11, 2022
XaToXi:


Adding more margin without increasing the amount of coin bought reduces your effective leverage and improves your liquidation price. Entry price stays the same.

Adding more more margin by buying more units of the coin gives you a lower entry price if you buy cheaper and a higher entry price if you buy higher. You might also be at higher risk of liquidation if you buy higher.


Exactly. That actually came to mind after I responded earlier.

Beefing up the margin without new purchase will not affect entry point, it will instead increase the gap for liquidation price.

Increasing margin via additional purchase is what will shift your entry price.

1 Like

Re: Crypto Currency Investors Thread by Florasilver: 6:25pm On Jul 11, 2022
samuelgodson:
thanks a whole lot boss........by what u said here ....... I actually short the market and I'm in profit........ If I increase my margin it will take entry point from like let's say 21,550 to 21,000......just to be sure I understand properly grin grin grin .....again thanks a lot

Pls if already in profit, try to take some profit as u go, while moving your stop loss for what's let, or at least put your stop loss at entry point.

The profits u see now may not be there the next hour.

1 Like

Re: Crypto Currency Investors Thread by Khayceeofficial(m): 6:38pm On Jul 11, 2022
JonathanObi:
I really appreciate all his efforts with the little investments of 300k with joy all over me after withdrawing 900k after 2 weeks with the help of my business coach

https://www.instagram.com/p/Cf3iLS6AXdm/?igshid=ZDc0MTNkNmI=


E be like the two of una dhe ment
Thunder fire una and crypto coach

You made 2.7m and 900k and you're still on here dropping links
Come open 2 accounts to share the same link again... No make me swear for you oh

2 Likes

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