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Crypto Currency Investors Thread - Investment (2754) - Nairaland

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Re: Crypto Currency Investors Thread by GRACEGLORY: 2:49pm On Sep 10, 2022
seanwilliam:
Are you ready? grin



Thass, what I’m talking bout. BTC already hit bottom @$17,500. Even microstrategy knows it too.




I Dey go sell my televisions….
https://www.nairaland.com/4403197/sale-graded-stock-smart-web/162#116326100

1 Like 1 Share

Re: Crypto Currency Investors Thread by doyin01: 3:48pm On Sep 10, 2022
Born2conquer:

Okay,let's sha make money

That is what we all are after

Yeah sure..have a very wonderful day..
Re: Crypto Currency Investors Thread by Omobola121(f): 3:56pm On Sep 10, 2022
No probs. Chat me up! Contact on my Sig.

Khayceeofficial:
Omobola121

There's payo-neer funds available, problem be say its not up to $50 minimum to be able to transfer.

Dunno if there's any compromise we can reach so I can get it out and trade with you. If it's compensation, we can discuss that one if you're up for it.

Money has been lying there since June after I cashed it out from Fiverrr
Re: Crypto Currency Investors Thread by osic(m): 4:27pm On Sep 10, 2022
SUPERPACK:
Congrats to those that bought the Luna pump at $7.8 for they are on their way to become bagholders.

grin grin
Re: Crypto Currency Investors Thread by Truthshotcrazy: 5:13pm On Sep 10, 2022
cmoney22222:
Again how do the leverage people use on their trade now an issue . Is there a format for using leverage now?

If BTC equals say 20k, price will need to drop 50% ie, BTC needs to fall to 10k for a position on 2X leverage (long futures or margins trading) to be liquidated.
Likewise, BTC needs to rise to 30k (50% price movement up) for a short position (futures) opened at BTC =20k using 2X leverage to get liquidated.
Etc.

The higher the leverage the greater the risk.

If BTC equals say 20k, price needs to drop to BTC = zero(move 100% down ) for 1x or no leverage trade position to be liquidated (margins or long futures or spot trading) and vice versa; 100% pump up to liquidate a shorts position opened at BTC=20k (about 40k for the short) ,etc. the greater the leverage, the greater the risk for all markets and high leverages are best suited for relatively less volatile traditional financial markets like stocks & forex.They are all volatile but crypto in comparison, ranks higher in volatility & is more speculative.
Good risk management is very helpful tho. I use Very tight stop losses to cut losses quickly & jump out of a losing trade before the whole position gets liquidated.
Other people’s leverage should not be an issue to anyone sha if it’s not their money the are using . grin
If anybody burn or liquidate, na Im business ooo grin


https://www.youtube.com/watch?v=vLX2xN6cYlk

8 Likes

Re: Crypto Currency Investors Thread by Ballzproblem2: 5:54pm On Sep 10, 2022
Mynameis007:



Hahahaha!
Bros, abeg thank you very much.
Deflower no know say na detectives full here.
I just couldn't be bothered to start digging out his comments on the 14k drop, but I sure knew he has been on about it for months ago.
Deflower, you see say no be rubbish I dey talk?
Abi e don clear you for eyes?
Do yourself a very big favour, rest and discontinue this your nonsensical analysis and use that time to brush up your trading skills.
You no sabi.
And as for you Giovanni417, you have the potential, but this is not the stock market.
This is the crypto market, and there will always be differences no matter the correlation between the two.
Crypto is crypto, stock market is stock market, do not mix the two.
Learn to use your support, because your last trade was just shambolic.
How can you call yourself a trader and still be shorting with x20 leverage after market dropped at support area?
Na wa oooo
it doesn't take a great detective to Know deflover is. a scammer and a criminal , trying hard to sell his useless crypto book ,months ago. he made a call that nearly wrecked all his gullible followers account,he apologized and went into hiding , now he is back again using both his alternate account , trying lure. another set of gullible sheeps.
As for geovanni ,man has been calling crash since the days of Noah ,I don't what give people joy of preaching doom and gloom ,yes we know crash will happen one day ,oya rest we Don hear .

8 Likes

Re: Crypto Currency Investors Thread by IamOkekejerry(m): 6:02pm On Sep 10, 2022
Born2conquer:
"I must be right" is one of our problems in Nigeria.

When the Market dips, those predicting dip would come out and start shouting "I told you so" while talking down on those that predicted pump, pump guys would be quiet for the whole period only to wait for the little pump for them to start saying "I told you so"

Whether dip or pump, what matters is you making money (I am yet to make money though) and not anybody trying to form the GREATEST ANALYST! If you sabi this analysis, you would be able to predict the exact day and time it would dip or pump.

I have my coins already and I appreciate the Pumps because I am a Hodler.

I will also appreciate the Dip because it allows me to buy more for my portfolio with my spare cash.
But, I will only buy more if it drops to 17k.


Win win for me
What matters is making money man. These people just d shalaye

4 Likes

Re: Crypto Currency Investors Thread by Ballzproblem2: 6:03pm On Sep 10, 2022
deflover admitting he made a wrong call ,I remember that day clear ,one woman even said that someone on telegram followed his ridiculous price target of Bitcoin ($31,000) ,the fool lost close to 1 million naira ,when we idiots learn? mtcheww,if you like follow foolish deflover

7 Likes 2 Shares

Re: Crypto Currency Investors Thread by Ballzproblem2: 6:04pm On Sep 10, 2022
deflover making the ridiculous call ,I remember Bitcoin dipping so hard eh

3 Likes

Re: Crypto Currency Investors Thread by Bmaster(m): 6:49pm On Sep 10, 2022
different problems for different kinda people,
If you all channel your energy in criticizing deflower and Giovanni,hmmm....

Myself,am here to read comments,when to buy and when to sell,all my energy are for mulla making,No Time for criticism!

5 Likes 1 Share

Re: Crypto Currency Investors Thread by DaemoLee: 6:51pm On Sep 10, 2022
GRACEGLORY:




Thass, what I’m talking bout. BTC already hit bottom @$17,500. Even microstrategy knows it too.




I Dey go sell my televisions….
https://www.nairaland.com/4403197/sale-graded-stock-smart-web/162#116326100

Lol. If u see news like this exit the market ASAP. Cos crazy dip incoming.

The logic there is that, they truly want to buy but they would never buy at this price until after they have driven the market down to their target price entry.

I don exit on the news since early momo

1 Like

Re: Crypto Currency Investors Thread by Mynameis007(m): 7:04pm On Sep 10, 2022
Ballzproblem2:
it doesn't take a great detective to Know deflover is. a scammer and a criminal , trying hard to sell his useless crypto book ,months ago. he made a call that nearly wrecked all his gullible followers account,he apologized and went into hiding , now he is back again using both his alternate account , trying lure. another set of gullible sheeps.
As for geovanni ,man has been calling crash since the days of Noah ,I don't what give people joy of preaching doom and gloom ,yes we know crash will happen one day ,oya rest we Don hear .

That is why I called Geovanni a one-dimensional trader.
All he knows is crash, crash, crash and more crash. Trading goes both ways. Up or down.
How can one be so fixated on BTC price crashing at all times, even when there's a bull run or relief rally, the guy will still be seeing crash.
Dem use crash swear for am?
Haba.

4 Likes

Re: Crypto Currency Investors Thread by IamOkekejerry(m): 7:08pm On Sep 10, 2022
Mynameis007:


That is why I called Geovanni a one-dimensional trader.
All he knows is crash, crash, crash and more crash. Trading goes both ways. Up or down.
How can one be so fixated on BTC price crashing at all times, even when there's a bull run or relief rally, the guy will still be seeing crash.
Dem use crash swear for am?
Haba.
You sef go like chill. You've said enough

9 Likes

Re: Crypto Currency Investors Thread by ultrazone(m): 7:26pm On Sep 10, 2022
Mynameis007:


That is why I called Geovanni a one-dimensional trader.
All he knows is crash, crash, crash and more crash. Trading goes both ways. Up or down.
How can one be so fixated on BTC price crashing at all times, even when there's a bull run or relief rally, the guy will still be seeing crash.
Dem use crash swear for am?
Haba.
For the sake of peace, can you stop this? Let's redirect our focus to the market and ignore whatever call someone made or didn't make. Let maturity speak, please. Share from your wealth of knowledge, and let's allow others to air their views too.

7 Likes 1 Share

Re: Crypto Currency Investors Thread by cmoney22222: 7:27pm On Sep 10, 2022
Supported

IamOkekejerry:

You sef go like chill. You've said enough

2 Likes

Re: Crypto Currency Investors Thread by kcprince: 7:35pm On Sep 10, 2022
My first target is 23500 followed by 26k followed by 33500 followed by 65k followed by 78k ATH. The bulls are back.

5 Likes

Re: Crypto Currency Investors Thread by Goldbw122(m): 7:54pm On Sep 10, 2022
kcprince:
My first target is 23500 followed by 26k followed by 33500 followed by 65k followed by 78k ATH. The bulls are back.
Use tight stop loss, ok don't be a boss, nor be you create the market.. ok

1 Like

Re: Crypto Currency Investors Thread by SUPERPACK: 8:00pm On Sep 10, 2022
kcprince:
My first target is 23500 followed by 26k followed by 33500 followed by 65k followed by 78k ATH. The bulls are back.
Them go soon come for you now.

5 Likes 1 Share

Re: Crypto Currency Investors Thread by Emmizay12(m): 8:06pm On Sep 10, 2022
Truthshotcrazy:


If BTC equals say 20k, price will need to drop 50% ie, BTC needs to fall to 10k for a position on 2X leverage (long futures or margins trading) to be liquidated.
Likewise, BTC needs to rise to 30k (50% price movement up) for a short position (futures) opened at BTC =20k using 2X leverage to get liquidated.
Etc.

The higher the leverage the greater the risk.

If BTC equals say 20k, price needs to drop to BTC = zero(move 100% down ) for 1x or no leverage trade position to be liquidated (margins or long futures or spot trading) and vice versa; 100% pump up to liquidate a shorts position opened at BTC=20k (about 40k for the short) ,etc. the greater the leverage, the greater the risk for all markets and high leverages are best suited for relatively less volatile traditional financial markets like stocks & forex.They are all volatile but crypto in comparison, ranks higher in volatility & is more speculative.
Good risk management is very helpful tho. I use Very tight stop losses to cut losses quickly & jump out of a losing trade before the whole position gets liquidated.
Other people’s leverage should not be an issue to anyone sha if it’s not their money the are using . grin
If anybody burn or liquidate, na Im business ooo grin


https://www.youtube.com/watch?v=vLX2xN6cYlk



Bro I now understand why a lot of people cry of liquidation in this group,,, they have not learnt to manage risk,,, but no worries I will share my knowledge.. we learn everyday

Let's say I have 200usd in my account and I want to trade Ethereum,, I want to long it and I want to risk 20usd only,, ... In the first picture below on tradingview,, after using the long tool to indicate where I put my stop loss, notice the bracket "(0.58%)"
This is the calculation:

To remove the percentage of (0.58%) to decimal
i.e
0.58÷100= 0.0058

Then

(Amount I'm risking ÷0.0058)
i.e 20usd ÷ 0.0058= 3,448.28(let's call this contract size)

To get the leverage= contract size ÷ my total trading amount
i.e 3,448.28÷ 200usd= 17.24

Therefore my leverage is 17X on this trade using this entry position to long Ethereum... using 200usd
on isolated marging and risking only 20usd should the trade hit my stoploss..........you can equally use it on other trades when going long or short and get either 2 or 3 risk to reward ratio which is 40usd or 60usd profit respectively

So the leverage used is useless if you have defined your risk using this long prediction tool... It could be 2X, 32X or 50X.....

I hope this helped,,, if this didn't help,, then I wish you happy liquidations.....

12 Likes

Re: Crypto Currency Investors Thread by Ballzproblem2: 8:21pm On Sep 10, 2022
Mynameis007:


That is why I called Geovanni a one-dimensional trader.
All he knows is crash, crash, crash and more crash. Trading goes both ways. Up or down.
How can one be so fixated on BTC price crashing at all times, even when there's a bull run or relief rally, the guy will still be seeing crash.
Dem use crash swear for am?
Haba.
people calling crash usually don't make money talking from experience

7 Likes

Re: Crypto Currency Investors Thread by EXLOVER(m): 8:25pm On Sep 10, 2022
Emmizay12:




Bro I now understand why a lot of people cry of liquidation in this group,,, they have not learnt to manage risk,,, but no worries I will share my knowledge.. we learn everyday

Let's say I have 200usd in my account and I want to trade Ethereum,, I want to long it and I want to risk 20usd only,, ... In the first picture below on tradingview,, after using the long tool to indicate where I put my stop loss, notice the bracket "(0.58%)"
This is the calculation:

To remove the percentage of (0.58%) to decimal
i.e
0.58÷100= 0.0058

Then

(Amount I'm risking ÷0.0058)
i.e 20usd ÷ 0.0058= 3,448.28(let's call this contract size)

To get the leverage= contract size ÷ my total trading amount
i.e 3,448.28÷ 200usd= 17.24

Therefore my leverage is 17X on this trade using this entry position to long Ethereum... using 200usd
on isolated marging and risking only 20usd should the trade hit my stoploss..........you can equally use it on other trades when going long or short and get either 2 or 3 risk to reward ratio which is 40usd or 60usd profit respectively

So the leverage used is useless if you have defined your risk using this long prediction tool... It could be 2X, 32X or 50X.....

I hope this helped,,, if this didn't help,, then I wish you happy liquidations.....


If you use x17 leverage on a 200$ trade, it won't take seconds for the trade to hit your stop lost

3 Likes 2 Shares

Re: Crypto Currency Investors Thread by Mynameis007(m): 8:41pm On Sep 10, 2022
ultrazone:
For the sake of peace, can you stop this? Let's redirect our focus to the market and ignore whatever call someone made or didn't make. Let maturity speak, please. Share from your wealth of knowledge, and let's allow others to air their views too.

Ok, I've made my observations known.
Back to hibernation, will be back when I see improvements.
@ Geovanni nothing personal, just calling out your flaws, so you can improve.
After all, this is what this thread is also part of.
@ deflover abi deflower, just keep mute for now, you no just sabi wetin you dey do most times, and I'm sorry to say this, I may have to agree with other posters that your intentions aren't pure, unlike Geovanni who only wants to prove how good he is in trading.


Thank you

1 Like

Re: Crypto Currency Investors Thread by konfusedgee(m): 8:41pm On Sep 10, 2022
EXLOVER:



If you use x17 leverage on a 200$ trade, it won't take seconds for the trade to hit your stop lost

Still what I said,,, then you have not DEFINED your risk and your stoploss level,,

Go back and read what I wrote, understand it, use trading view and Test it on your binance testnet or bybit testnet,,, then come and tell me if what I wrote up there is wrong

We all want to make money trading futures but we are not willing to learn or go the extra mile for knowledge and the things that will keep us profitable in the long run

4 Likes

Re: Crypto Currency Investors Thread by konfusedgee(m): 8:47pm On Sep 10, 2022
EXLOVER:



If you use x17 leverage on a 200$ trade, it won't take seconds for the trade to hit your stop lost

Bro I'm a hardcore scalper,,, maybe that's why you feel that way,,, but the calculation still stand for swing traders and day traders tho

1 Like

Re: Crypto Currency Investors Thread by Khayceeofficial(m): 8:49pm On Sep 10, 2022
Nobody: A crash is coming


Deflover:

4 Likes

Re: Crypto Currency Investors Thread by Mynameis007(m): 8:55pm On Sep 10, 2022
Khayceeofficial:
Nobody: A crash is coming


Deflover:
grin

































But I said I was going back to hibernation, and this bro dragged me out with this.






grin

2 Likes

Re: Crypto Currency Investors Thread by Truthshotcrazy: 9:08pm On Sep 10, 2022
Emmizay12:




Bro I now understand why a lot of people cry of liquidation in this group,,, they have not learnt to manage risk,,,
Let's say I have 200usd in my account and I want to trade Ethereum,, I want to long it and I want to risk 20usd only,, ...
where I put my stop loss, notice the bracket "(0.58%)"
This is the calculation:

To remove the percentage of (0.58%) to decimal
i.e
0.58÷100= 0.0058

Then

(Amount I'm risking ÷0.0058)
i.e 20usd ÷ 0.0058= 3,448.28(let's call this contract size)

To get the leverage= contract size ÷ my total trading amount
i.e 3,448.28÷ 200usd= 17.24

Therefore my leverage is 17X on this trade using this entry position to long Ethereum... using 200usd
on isolated marging and risking only 20usd should the trade hit my stoploss..........you can equally use it on other trades when going long or short and get either 2 or 3 risk to reward ratio which is 40usd or 60usd profit respectively

So the leverage used is useless if you have defined your risk using this long prediction tool... It could be 2X, 32X or 50X.....

I wish you happy liquidations.....

Leverage amplifies the movement in the relative prices of a currency or crypto pair by the factor of the leverage in your account. .

The more leverage you use, the more risky the trade, the less “breathing room” you have for the market to move before a margin call .

Risk management is very important.and the $100 example earlier, is an assumed scenario, $100 is the minimum margin deposit required by the exchange to maintain 2X, 32X, or 50x, 100x , etc
A$100 trade using 100x leverage will certainly get liquidated before a $100 trade using 2X leverage .
if somebody even owns $100, it is not advisable to use more than 20% of the total portfolio in trading for good risk management. Using 100% of portfolio capital to trade is never advisable. . The art of choosing where exactly to Place good stoplosses, and not using 100% of capital available to trade boils down to the individual traders choice and his preferable risk/reward ratio. How much of portfolio capital/ % of capital one is wiling to risk or forgo should the trade move against one. It is never advisable to use 100% available capital to trade. Good traders don’t even risk more than 1% of the capital in portfolio for trading. Good risk management cannot be overemphasized.
I personally employ very tight stop losses when trading, and keep the leverages at moderate level when trading just as l would advįse anyone to,,
But as stated earlier, if my neighbor wanna use 100X leverage , e not concern me. na lm business grin
So Happy trading evryone!

2 Likes

Re: Crypto Currency Investors Thread by cmoney22222: 9:25pm On Sep 10, 2022
Futures isn’t for everybody. Know this and know peace. I will be coming back

5 Likes 1 Share

Re: Crypto Currency Investors Thread by Goldbw122(m): 9:32pm On Sep 10, 2022
Truthshotcrazy:


If BTC equals say 20k, price will need to drop 50% ie, BTC needs to fall to 10k for a position on 2X leverage (long futures or margins trading) to be liquidated.
Likewise, BTC needs to rise to 30k (50% price movement up) for a short position (futures) opened at BTC =20k using 2X leverage to get liquidated.
Etc.

The higher the leverage the greater the risk.

If BTC equals say 20k, price needs to drop to BTC = zero(move 100% down ) for 1x or no leverage trade position to be liquidated (margins or long futures or spot trading) and vice versa; 100% pump up to liquidate a shorts position opened at BTC=20k (about 40k for the short) ,etc. the greater the leverage, the greater the risk for all markets and high leverages are best suited for relatively less volatile traditional financial markets like stocks & forex.They are all volatile but crypto in comparison, ranks higher in volatility & is more speculative.
Good risk management is very helpful tho. I use Very tight stop losses to cut losses quickly & jump out of a losing trade before the whole position gets liquidated.
Other people’s leverage should not be an issue to anyone sha if it’s not their money the are using . grin
If anybody burn or liquidate, na Im business ooo grin


https://www.youtube.com/watch?v=vLX2xN6cYlk
My God will bless you for this great piece you shared here, thanks a lot... Chairman.

8 Likes 1 Share

Re: Crypto Currency Investors Thread by atinga1: 9:57pm On Sep 10, 2022
DaemoLee:


Lol. If u see news like this exit the market ASAP. Cos crazy dip incoming.

The logic there is that, they truly want to buy but they would never buy at this price until after they have driven the market down to their target price entry.

I don exit on the news since early momo
They will come for you. Leave them to enjoy their "bulls".
Re: Crypto Currency Investors Thread by doyin01: 10:41pm On Sep 10, 2022
You are always claiming to be certain of something all the time , why not carry all your life savings into futures and place sell button since you are very sure it will get to a certain price soon....is that not hypocrisy...you cannot put your money where your mouth is....

In other words , you are not certain like you want to make us believe...you are just doing guess work...and it it goes in the direction you will claim glory for it..if it goes opposite , you will find something to blame for it.

4 Likes

Re: Crypto Currency Investors Thread by GRACEGLORY: 10:49pm On Sep 10, 2022
DaemoLee:


Lol. If u see news like this exit the market ASAP. Cos crazy dip incoming.

The logic there is that, they truly want to buy but they would never buy at this price until after they have driven the market down to their target price entry.


I don exit on the news since early momo



You read like you know them so well, they must have been your friends and folks. They let you in on their intel.

1 Like 1 Share

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