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Nairaland Forum / Nairaland / General / Investment / Crypto Currency Investors Thread (3467078 Views)
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Re: Crypto Currency Investors Thread by Goldbw122(m): 10:01am On Aug 21, 2022 |
Geovanni412:Am with u, sir. |
Re: Crypto Currency Investors Thread by Geovanni412(m): 10:08am On Aug 21, 2022 |
Goldbw122: I actually see what the guy Mynameis007 is saying abt BTC. and that is why I provided the hedge option. I don't know everything but I am damn sure that pure GUESS WORK can't be used to predict stop loss scenarios easily. 1 Like |
Re: Crypto Currency Investors Thread by Mynameis007(m): 10:16am On Aug 21, 2022 |
Geovanni412: I am just stating my observations based on your comments and price predictions. It's good to follow the trend, but in your case, even in a bull market, you're always predicting a downtrend. I don't have any problem with whatever trade you make. It's your money to lose or gain, but I'm just not convinced with your style of trading and above all your price predictions. Like I said, I've been reading all the comments on this thread, including yours. You're not just one-dimensional in your trading style, but even the way you analyse the markets too. 5 Likes |
Re: Crypto Currency Investors Thread by Geovanni412(m): 10:21am On Aug 21, 2022 |
Mynameis007: If i didn't consider the possibility of being wrong, why would i post a hedge idea with stop loss? I don't claim to be a guru neither have i collected money to provide signals. As a matter of fact, I've been catching cruise on this platform till this August. Like i said, evaluate all the trades from the short call i made when btc was at 24k, start from then and evaluate me till October. |
Re: Crypto Currency Investors Thread by Mynameis007(m): 10:24am On Aug 21, 2022 |
Geovanni412: It's ok, just my observations. |
Re: Crypto Currency Investors Thread by colly1860: 10:26am On Aug 21, 2022 |
Mine for free before it launches in December. Test net is ongoing on Metamask. If u missed bitcoin, ethereum, pi coin. Don't miss this. Check my signature
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Re: Crypto Currency Investors Thread by lrman(m): 10:28am On Aug 21, 2022 |
Seankhalifa: Oga why not click the sell button and make huge profits when it gets to 12k since you are so certain it will get there.... or you do not like money ?? 2 Likes 1 Share |
Re: Crypto Currency Investors Thread by seanwilliam(m): 10:28am On Aug 21, 2022 |
Goldbw122:I’m a crypto VENDOR |
Re: Crypto Currency Investors Thread by Kingsteve(m): 10:28am On Aug 21, 2022 |
lrman: |
Re: Crypto Currency Investors Thread by seanwilliam(m): 10:30am On Aug 21, 2022 |
1 Like |
Re: Crypto Currency Investors Thread by Born2conquer: 10:37am On Aug 21, 2022 |
Mynameis007:Nigerians and entitlement sha, you dey pay am to drop signal? Person dey do personal research drop free signal for everybody you dey attack am. He owe you anything? 7 Likes 1 Share |
Re: Crypto Currency Investors Thread by chuksme(m): 10:50am On Aug 21, 2022 |
Please I need Clarification on these 3 words or strategies. (1) Scalping (2) Swinging) (3) Day Trading Please explanation on each of them. i am always confused between scalping and Day trading especially |
Re: Crypto Currency Investors Thread by Mynameis007(m): 11:19am On Aug 21, 2022 |
Born2conquer: If you understand the importance of healthy criticism, I don't think you would have took the pains to type such nonsense. This is an open forum for everyone to express their opinions. Maybe you swallow everything he writes hook, line and sinker, but that doesn't mean everyone will do same. Didn't he admit that he's a one-dimensional trader, which was part of my criticism? Abeg, go sidon joor 8 Likes |
Re: Crypto Currency Investors Thread by altcoinng: 11:31am On Aug 21, 2022 |
9 Mistakes of New Crypto Traders in Nigeria Altcoin.ng has compiled a list of the 9 most common mistakes made by new crypto traders in Nigeria when trading and investing in cryptocurrency. Common Mistakes by New Crypto Trader Unwillingness to analyze the market independently. Many Nigerian crypto traders are not ready to analyze the market by themselves, they prefer when a crypto influencer on Twitter or on youtube tell them what to buy, and what to sell. You should never live by other people’s wisdom. Listening to the advice of “experts” from Twitter, Youtube, telegram, or WhatsApp groups, who prophesy the growth rate of cryptocurrencies and advise when and how much to buy can make you lose everything. Lack of patience. It’s impossible to stay cool, especially following the news on Twitter. “Oh my God, the price is pumping, let’s buy!” or “Bitcoin won’t go up anymore, we need to dump it now!” Such messages are found at every turn. In reality, only the most patient and those who really want to understand how to play the cryptocurrency market wins. Warren Buffett once said: “The stock market is a tool for passing money from the impatient to the patient.” This is equally true of the digital currency market. Premature selling. It is important to always have a strategy for selling assets. It is impossible to predict how much a particular token will appreciate. When the price of ether rapidly went up, many early investors, fearing a natural correction, sold at $100-120. Those who rushed to sell their ether, are regretting it now. You need to set clear goals based on technical analysis of the market and go for them, taking your time to buy or sell cryptocurrency. Storing assets on exchanges and in electronic wallets. This is the most serious mistake made by many new Nigerian crypto traders. Users have lost hundreds of millions of dollars as a result of hacker attacks or due to the sudden shutdown of services. private Keys and seed phrases should be kept with you at all times. Unwillingness to learn. Many new Nigerian traders are not willing to learn, they trade with emotions rather than learning how the market works. Trading on your own is very difficult. Everyone who has succeeded has done so with the support of more experienced like-minded people. To avoid mistakes in the cryptocurrency market, novice traders and investors need friends to learn from. The easiest and most effective way to find them is to become a member of one (or more) specific crypto communities on the internet. Sending your tokens to the wrong wallet address. Most new crypto traders in Nigeria make this mistake. You shouldn’t send Bnb to an ETH address or your LTC to Doge wallet. Good thing that this mistake can be corrected. An Ether Wallet can hold different cryptocurrencies as long as they comply with the ERC-20 standard. No physical copy of private data. A password in a Word file stored on a PC is not a physical copy. You need to write down keys, passwords and other important information, print it out on a printer, and hide it away. That way, if something happens to the PC, it won’t be difficult to regain access to accounts and accounts from the new device. Neglecting security tools. First and foremost, we’re talking about two-factor authentication. You should use it wherever possible, and keep the key on paper in a secluded place. No help desk in the cryptocurrency world will help if the user has refused to enable two-factor authentication. Trying to Fomo (Fear of missing out) We have seen many Nigerian crypto traders trying to FOMO and end up losing all their money. New opportunities to make money from cryptocurrencies appear several times a day. You shouldn’t be afraid of missing out on some ICO or some rise in the price of some tokens. It is better to refuse an unprepared transaction, postponing it for the next time. https://altcoin.ng/9-mistakes-of-new-crypto-traders-in-nigeria/ 6 Likes 1 Share |
Re: Crypto Currency Investors Thread by afam4life(m): 11:39am On Aug 21, 2022 |
Seankhalifa: Where did you gets your information? 1 Like |
Re: Crypto Currency Investors Thread by Elliotwaveforec: 11:43am On Aug 21, 2022 |
BTC Wave analysis Status: Corrective move Timeframe: Weekly Current wave: 4th Destination: Below the red line (33314) Advice: Long and exit below the red line. Bias; Strongly Bullish. 1 Like
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Re: Crypto Currency Investors Thread by Goldbw122(m): 11:57am On Aug 21, 2022 |
seanwilliam:Ok I see |
Re: Crypto Currency Investors Thread by Geovanni412(m): 12:02pm On Aug 21, 2022 |
Elliotwaveforec: What's the entry and s/l for this your trade call? 1 Like |
Re: Crypto Currency Investors Thread by Elliotwaveforec: 12:09pm On Aug 21, 2022 |
Geovanni412:SL 18600, entry current price. |
Re: Crypto Currency Investors Thread by seankafor(m): 12:16pm On Aug 21, 2022 |
seanwilliam:bro, when you have reached the level of nothing shaking you ever again, how worse could it possibly get thatbit hasn't gotten to? I have developed tough skin to this crypto shiit tjayvi have taken it as a way of life.. I have a very stable income and I keep buying and selling my preferred coins at random and as the spirit leads.. Anywhere the market wan go, e no concern me.. I don't ever try to analyze the market.. I buy when I am stacked and sell when I'm in dire need not minding the market conditions.. Although I'd already have enough funds for a certain period of time that'd serve me |
Re: Crypto Currency Investors Thread by Omobola121(f): 12:35pm On Aug 21, 2022 |
Crypto Wahala... Please get a stable income. If crypto is your EVERYTHING peace of mind is far from you. Today is going up, tmwr is going down.. Radarada!! Buying PayPal/ payooner funds from as low as $30 upward at a sweet rate. Contact on my Sig! Escrow is allowed.... 7 Likes 1 Share |
Re: Crypto Currency Investors Thread by jaydroid: 12:41pm On Aug 21, 2022 |
Omobola121: Happy Sunday to you, Please check your mail. |
Re: Crypto Currency Investors Thread by Omobola121(f): 12:43pm On Aug 21, 2022 |
Re: Crypto Currency Investors Thread by Elliotwaveforec: 12:53pm On Aug 21, 2022 |
Omobola121:There are three types of investors; risk lover, risk neutral and risk averse; you belong to the second. As a young person, not above 60, you should be a risk-averse investor; risk neutral investors are retirees and they mostly go for gilt-edged securities. Your brain us still fresh, you should learn how to analyse financial assets for more profits. 2 Likes |
Re: Crypto Currency Investors Thread by Omobola121(f): 1:02pm On Aug 21, 2022 |
Thank you Bros. But I want to believe my submission is very clear and simple. There is nothing bad getting a good job/business etc..while still doing crypto as a side hustle but everything is bad if crypto is your everything as a young person. For how long will you keep analysing the market? We are going up today, tomorrow we are done. Elliotwaveforec: 3 Likes |
Re: Crypto Currency Investors Thread by Kingsteve(m): 1:16pm On Aug 21, 2022 |
Omobola121: I will have to chime in here. You asked...for how long will you keep analysing the markets? Answer: for as long as the markets keep giving me money! You may have challenges or difficulties in analysing the markets, but to some other people, it's their bread and butter! Like I keep saying here, my primary job is trading crypto, and I am proud and happy with what I do. The BENEFITS 1: it gives me the opportunity to dictate my schedule. 2: It gives me the freedom to do what I want, anytime and anywhere, while I'm still actively working. 3: It will eventually give me the financial freedom I crave for. My long term goal is to be raking in above N1M or slightly lower monthly, and with time, could even make more, all depending on my trading volume. 4: I can retire today, while still actively trading crypto. I understand not everyone has the mental capabilities to analyse and trade the crypto markets, but understand this...people are built differently. Just because you may find it difficult analysing the markets, doesn't mean it's the same for everyone. Personally, I have a very big problem doing physical work, but to some other person out there, it's the opposite! Different strokes, different folks! 15 Likes |
Re: Crypto Currency Investors Thread by Omobola121(f): 1:22pm On Aug 21, 2022 |
Apt!! Let's move on. Kingsteve: 5 Likes |
Re: Crypto Currency Investors Thread by chuksme(m): 1:28pm On Aug 21, 2022 |
Please I need Clarification on these 3 words or strategies. (1) Scalping (2) Swinging) (3) Day Trading Please explanation on each of them. i am always confused between scalping and Day trading especially. |
Re: Crypto Currency Investors Thread by Geovanni412(m): 1:52pm On Aug 21, 2022 |
Elliotwaveforec:\ Let's see how it plays out. I am bearish on btc but this is the market - anything can happen. If btc shows me strong buying bias around 21k level, I'll reconsider my position. Either way,i see playing a hedge game as useful to have peace of mind when trading especially for those guys that always complain that futures dey give high b.p et al. |
Re: Crypto Currency Investors Thread by SmallDick99(m): 1:57pm On Aug 21, 2022 |
Geovanni412:Explain this hedge thing for me pls |
Re: Crypto Currency Investors Thread by Samakus(m): 2:08pm On Aug 21, 2022 |
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Re: Crypto Currency Investors Thread by Samakus(m): 2:09pm On Aug 21, 2022 |
Samakus: If you Ignore everything, don't Ignore this I'm gone |
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