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Crypto Currency Investors Thread - Investment (3955) - Nairaland

Nairaland ForumNairaland GeneralInvestmentCrypto Currency Investors Thread (5903366 Views)

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Re: Crypto Currency Investors Thread by Halastershang(m): 4:10pm On Oct 21, 2024
EmmyPers:
On what basis bro? Make it make more sense.
The break above 68k did not confirm so now I believe the institutions are going to liquidate the longs down to the support of 65k
Re: Crypto Currency Investors Thread by servicom101(m): 4:53pm On Oct 21, 2024
Usdt available for trade
WhatsApp+2349030810528
Re: Crypto Currency Investors Thread by jonextee(m): 4:57pm On Oct 21, 2024
Thanks for the response.

But, was BTC & other stable coins once a shit or an unstable coin?

Kindly educate me pls??

sweetveek:
shit coin and stable coin are two unlike poles, they don't attract each other
Re: Crypto Currency Investors Thread by sweetveek(m): 4:58pm On Oct 21, 2024
jonextee:
Thanks for the response.

But, was BTC & other stable coins once a shit or an unstable coin?

Kindly educate me pls??
alexas you dae find my mouth abi? Abeg free me joor
Re: Crypto Currency Investors Thread by Robnectar(m): 5:40pm On Oct 21, 2024
sweetveek:
alexas you dae find my mouth abi? Abeg free me joor
grin grin
Re: Crypto Currency Investors Thread by jonextee(m): 6:01pm On Oct 21, 2024
Oga abeg.... I no be Alexa ooo...

Them no go call u wetin u no be.

Check my bio and the topics I've followed. I've been on NL since 2015, and I've been on & off due to my banking work.

Me agreeing with someone doesn't mean I'm the person.

Please let's respect each other's personalities and reputations.

sweetveek:
alexas you dae find my mouth abi? Abeg free me joor
Re: Crypto Currency Investors Thread by Fastt: 6:03pm On Oct 21, 2024
Fastt:
Which of y'all are watching GOAT. I'm tempted, but need to discharge some of my shitcoin before entering. Just watching that modafvck@@.
I don suppose retire for this crypto.
Re: Crypto Currency Investors Thread by IamaNigerianGuy(m): 6:39pm On Oct 21, 2024
servicom101:
Usdt available for trade
WhatsApp+2349030810528
Location ?
Re: Crypto Currency Investors Thread by Mercylike: 7:20pm On Oct 21, 2024
servicom101:
Usdt available for trade
WhatsApp+2349030810528
Lo 😁.


This scammer still dey find who to scam grin grin grin

He will tell you to send money first and he doesn't accept escrow
Re: Crypto Currency Investors Thread by Mercylike: 7:21pm On Oct 21, 2024
iLegendd:
A time will come when most of you will turn scammers on this thread. You seem not to be here for the knowledge, but the fun and likes. Y to like your comment. Okay o, continue.

People like you are the reason I reduced my contribution here.
See your boy post made front page

Mrwhite09:
lately, I have been thinking that for my life to change I must get married. I have been living in squalor for so long. Maybe when I get married and have another mouth to feed, I will have more derive to excape poverty.
Hohestly I am tired of all these sapa that I am facing.
Re: Crypto Currency Investors Thread by iLegendd(m): 7:35pm On Oct 21, 2024
Image upload is now war, but I understand. Shorted from 69k and ready to lose the trade.

Re: Crypto Currency Investors Thread by Alexas58: 8:02pm On Oct 21, 2024
Incoming high caliber!

First come first collect

Btc to 75k 📞

Don’t short the market now!

Don’t try to short btc or you’ll learn!
Re: Crypto Currency Investors Thread by Alexas58: 8:08pm On Oct 21, 2024
sweetveek:
alexas you dae find my mouth abi? Abeg free me joor
Deflover, Look your age, and the way you dey misbehave!

Respect yourself!

Don’t try to label me who I’m not!
Re: Crypto Currency Investors Thread by cmoney22222: 8:23pm On Oct 21, 2024
lol… anything i dey hear this deflover , I dey laugh hard , btw who be the deflover amongst us bayi. Infact everyone be suspect. 😜
Alexas58:
Deflover, Look your age, and the way you dey misbehave!

Respect yourself!

Don’t try to label me who I’m not!
Re: Crypto Currency Investors Thread by sweetveek(m): 8:29pm On Oct 21, 2024
jonextee:
Oga abeg.... I no be Alexa ooo...

Them no go call u wetin u no be.

Check my bio and the topics I've followed. I've been on NL since 2015, and I've been on & off due to my banking work.

Me agreeing with someone doesn't mean I'm the person.

Please let's respect each other's personalities and reputations.
ok sir sorry
Re: Crypto Currency Investors Thread by sweetveek(m): 8:30pm On Oct 21, 2024
Alexas58:
Deflover, Look your age, and the way you dey misbehave!

Respect yourself!

Don’t try to label me who I’m not!
lolz, ok sir
Re: Crypto Currency Investors Thread by Robnectar(m): 8:41pm On Oct 21, 2024
sweetveek:
lolz, ok sir
grin
Re: Crypto Currency Investors Thread by mindtricks: 9:34pm On Oct 21, 2024
iLegendd:
A time will come when most of you will turn scammers on this thread. You seem not to be here for the knowledge, but the fun and likes. You even have multiple accounts with Mercy+whatever, MercyLike, MercySpeak, etc. The moment your MercySpeak logged in, you liked your comment posted by your MercyLike account to make it look like majority are with you.

You people should take it easy with manipulation. I know you want to be loved and seen as powerful, but at least, don't discourage people from reading.

I asked AI some questions, it gave me answers and I researched on it, corrected some things and felt it's worthy to be shared.

All you could do it to make side comments and still login with your alternates to like your comment. Okay o, continue.

People like you are the reason I reduced my contribution here.
The Legend, I hope you know that people like you, Glory and so on are the reason why many come here to read?

Scammers don tey wey them dey, the last thing to do is to get deterred by them.
Re: Crypto Currency Investors Thread by Nobody: 11:19pm On Oct 21, 2024
SOL to $500?🤔 — Send it, I'll be there!😎

Re: Crypto Currency Investors Thread by iLegendd(m): 1:43am On Oct 22, 2024
One of my shorts from 69.4k closed at 66.6k.
Re: Crypto Currency Investors Thread by Chikacha: 2:32am On Oct 22, 2024
Mercylike:
Leading niche bi bawo

Sumtin jsut pumps for few days and it has become a leading niche

What was it for like 1 years plus now that it was down
I am just saying because I remember their plans for that token from 2021, they had amazing plans that year.
Re: Crypto Currency Investors Thread by iLegendd(m):
Messing Around with ChatGPT about GLE-BOSS

I told ChatGPT this:

GLE-BOSS is an acronym that stands for Gold, Land(for farming and real estate), Ethereum, BTC, Oil, Solana, S&P500.

This GLE-BOSS is how to protect your wealth against inflation on depreciating fiat.

From the above, give me 

1. The best asset and why as you rank them from best to worst.
2. Tell me some assets that are missing or should be added to the GLE-BOSS and why.
3. An asset I'm supposed to invest in first.
4. And how does this help me if I embrace homestead?
5. How many years should I wait to reap the benefits of GLE-BOSS.
6. Add extra tips and information that I don't know, but would help me in life.

And here's what came out.

1. Ranking GLE-BOSS Assets from Best to Worst:

1. BTC (Bitcoin):

Why: As a decentralized digital asset, Bitcoin is considered "digital gold." It has historically outperformed fiat currencies during inflationary periods and has a capped supply (21 million coins). Bitcoin is also increasingly being embraced as a store of value, with strong potential for growth in adoption.

2. Gold:

Why: Gold has been a traditional hedge against inflation and currency devaluation for centuries. Its value typically rises when fiat currencies weaken, and it is globally recognized and liquid.

3. S&P 500 (Stocks):

Why: The S&P 500 represents the top 500 companies in the U.S., and while stocks can be volatile, they tend to outpace inflation over the long term. Companies can adjust pricing power during inflationary periods, which can maintain earnings growth.

4. Ethereum (ETH):

Why: Ethereum, unlike Bitcoin, is a decentralized platform for decentralized applications (dApps) and smart contracts. Its ongoing upgrades, such as the shift to Ethereum 2.0 and proof-of-stake, aim to reduce energy consumption and improve scalability. Ethereum also benefits from widespread adoption in DeFi and NFTs, making it a critical player in the blockchain space.

5. Oil:

Why: Oil is a commodity tied to global demand, and energy prices tend to rise during inflation. However, oil markets are highly volatile and subject to geopolitical risks, which makes it harder to predict long-term value.

6. Land (Farming and Real Estate):

Why: Real estate is an inflation hedge, but its performance can vary based on location, demand, and maintenance costs. Farmland can provide stable income, but the return is usually long-term and dependent on agricultural output.

7. Solana (SOL):

Why: While Solana is a promising blockchain network with potential for long-term growth, it is still relatively young and faces competition from Ethereum and other platforms. Its higher volatility compared to BTC and Ethereum, as well as the uncertainty of regulation in the crypto space, puts it lower on the list.

2. Assets Missing from GLE-BOSS:

Treasury Inflation-Protected Securities (TIPS): These are government bonds that adjust with inflation, providing a stable and low-risk return that outpaces inflation. They are ideal for those seeking safer, inflation-resistant assets.

Commodities (Other than oil): Assets like copper, wheat, and precious metals (e.g., silver) also hedge well against inflation, especially since global demand for these resources can increase in times of economic uncertainty.

Stablecoins (USD-backed like USDC): In the crypto space, stablecoins allow for a quick, liquid parking space for wealth without directly exposing you to volatile currencies.

3. Asset to Invest in First:

Gold or Bitcoin (BTC):
If you are looking for a physical and tangible hedge, gold might be a safer bet to start. However, if you are comfortable with digital investments, Bitcoin should be your first choice, given its potential upside and increasing adoption in global finance. It is also easy to liquidate when needed.

4. How Does This Help If You Embrace Homestead?

Homesteading emphasizes self-sufficiency, and land (farming) is the most crucial asset in this case. A well-maintained piece of farmland can reduce your dependence on external food sources while allowing you to earn through selling surplus produce.

Pairing this with hard assets like gold, BTC, and Ethereum will protect your wealth from inflation, so you can maintain purchasing power for homesteading equipment or other long-term needs. Oil, S&P 500, and Solana may be secondary assets, contributing to longer-term wealth protection, but may not have immediate use in a homestead context.

5. Time to Reap Benefits of GLE-BOSS:

Gold and Land: These assets generally provide steady appreciation over 5-10 years.

Bitcoin and Ethereum: Both cryptocurrencies can see large swings, but many investors view them as long-term stores of value with a horizon of 3-5 years to realize significant gains.

S&P 500: Historically, U.S. stock markets perform well over 7-10 years despite short-term volatility.

Oil and Solana: Highly volatile and may take 3-5 years or more to stabilize or grow, depending on the markets.

To fully reap the benefits of GLE-BOSS, you should have a 5-10 year time frame in mind, but also expect that some assets (like Bitcoin, Ethereum, and land) might offer quicker returns depending on market conditions.

6. Extra Tips and Information:

Diversify even further: Don’t just focus on one country or sector. Real estate in different regions or sectors (commercial vs. residential) and investing in international stocks or assets could help you further mitigate risk.

Get educated in tech and finance: With the rise of digital finance, AI, and decentralized finance (DeFi), understanding these fields can give you a competitive edge. Learning how to code or even basic blockchain technology will put you ahead in a rapidly changing economy.

Prepare for potential regulations: Crypto, especially assets like Solana, Ethereum, and Bitcoin, may face heavier regulation in the future. Keeping track of regulatory changes can help you adapt your portfolio accordingly.

Self-Sustainability Matters: As inflation erodes the purchasing power of fiat currencies, your ability to generate and grow your own food, resources, and even power (via solar or renewable energy) becomes priceless. Investing in tools or technologies that enhance this self-sufficiency will give you long-term stability.

Stay liquid: Holding a portion of your portfolio in highly liquid assets (like Bitcoin, Ethereum, or stablecoins) ensures you can quickly take advantage of opportunities or cover emergencies without losing significant value.

This framework will help you hedge against inflation, grow wealth, and build self-sufficiency over the years.

For extra info, there is iGLE-BOSS, where "i" stands for intellectual properties like books, movies, apps, software, songs, artwork, patent, etc. From the above analysis, you'll notice patience is needed for a duration of 3-10 years.

If you find this educational, click the like or share button.

If we all embrace what this post is saying, we'll hardly complain when global economies are down. We'll remove ourselves from the matrix or rat race and become self-sufficient with almost zero tax.

For more, but not as long as this one you've just read, click the link below.

Comparing all GLE-BOSS, rank them on percentage loss and percentage gain from 1940 to 2024
https://www.nairaland.com/6318352/crypto-currency-investors-thread/3955#132549132

Re: Crypto Currency Investors Thread by Mercylike: 4:25am On Oct 22, 2024
Chikacha:
I am just saying because I remember their plans for that token from 2021, they had amazing plans that year.
Yes... Very true
Re: Crypto Currency Investors Thread by Alexas58: 4:55am On Oct 22, 2024
Before you place a trade!

1. Make sure that trade has history!
History is always very important

2. Make sure it meets your trading criteria!

3. Have a stop loss in mind already!

4. Make sure it has a solid base
Re: Crypto Currency Investors Thread by iLegendd(m):
JUST THE SAME WAY WE HAVE

GREEN
Option 1. 5 green day
Option 2. Extended 5 green day
Option 3. Zero green day

IS ALSO HOW WE HAVE

RED
Option 1. 5 red day
Option 2. Extended 5 red day
Option 3. Zero red day

If you can wait to LONG after the 2nd or 3rd option of green day or wait to SHORT after the 2nd or 3rd option of red day, you'll always win. 💯

5 green means: Every coin on Binance Gainers Section is red except 5 coins or all are red = DUMP👇

5 red means: Every coin on Binance Losers Section is green except 5 coins or all are green = PUMP☝️

If you can only wait for this to happen before you take action, you're a winner.

Re: Crypto Currency Investors Thread by seanwilliam(m): 9:52am On Oct 22, 2024
Btc. 35k plus
this guy had 7 btc
Today it’s worth 714m naira.
Una get money for this thread ooooo. Ha

Re: Crypto Currency Investors Thread by Chingyyy878: 10:14am On Oct 22, 2024
seanwilliam:
this guy had 7 btc
Today it’s worth 714m naira.
Una get money for this thread ooooo. Ha
Wow 😯
Re: Crypto Currency Investors Thread by seanwilliam(m): 10:15am On Oct 22, 2024
ugonology:
This thread reminds me of how I started my journey into crypto grin....back in 2016/17 I had to buy some crypto so as to join some Ponzi schemes (the country was lite with many crazy Ponzi schemes at that time). I knew nothing about crypto but YouTube gave me all the education I needed, I joined and subscribed to most crypto communities and realised that this stuff (crypto) was really the future. Around early 2017, the crash came...the Ponzi schemes crashed, bitcoin along with all other alt coins plummeted in price. It was really ugly! But I had gone too far to turn back, I watched an interview of chamath palihapitiya( former executive at Facebook) dude is one young smart billionaire in the US. He advised that the period of a price crash in BTC was the best time to buy, I picked this....and have continued to save every penny that crossed my hands in BTC. Today, the compound value of my BTC portfolio after 4 years is mind burgling, sometimes I wake up in the morning and just scream ahhhhh grin grin grin...like, where all this money come from shocked
But I ain't cashing out, I really don't have a solid plan of what to do with the money. Also, the current forecasts from most tech genius points towards 100k$ by December 2021(for BTC) and I believe this is feasible, because there is an unprecedented case of institutional adoption, most billionaires are also integrating BTC as a part of there financial portfolio.
The Nigerian government on the other hand is hell bent on destroying the naira with her implosive fiscal policies, incessant borrowings and a central bank that is built on cannibalistic monetary policies....so withdrawal to naira is a NO NO! never save or hold in naira!

My advice to anyone who intends to join and invest in the crypto space:
1) get educated on crpto- YouTube is the greatest university of our time,( it's also the lazy man's school wink) you will be shocked at how much you will gain, but if you prefer a more traditional form of learning, try enrolling for crpto related courses on udemy or Coursera.org, most of these courses are free.

2) Have a plan- (hold for the long term) what do you really want from crpto? a few hundred thousand? Millions? Or even billions of naira?....truth is, with crypto you can achieve any of these. What you need is a plan and a time frame, earmark a certain portion of your income that will go into your crpto investment and be disciplined to stick to it. Also, bitcoin might seem expensive today at 40k$ but people also felt it was too expensive few years ago when it was 10k$, understand it has huge future prospects and it's too early to place a price tag on it! Lastly on this.... DON'T SELL EARLY!! until you hit your target price.
while starting, I remember selling 0.2btc in Feb of 2017 for 105k naira because I wanted to buy a PS3 console, today that 0.2 BTC is nearly 4million naira embarassed embarassed. . So be disciplined, stick to a plan.

3) stick to the main utility coins- I hear people here talk of buying siacoin, nano and dogecoin... well, every Mallam with his own kettle, but from a personal stand point they all fall under my shitcoin list.yes...! Except you are a professional swing trader with deep knowledge of both technical and fundamental analysis, I will advice you stay off these kinds of dummy coins! Don't be penny wise, trying to invest in worthless coins because they are cheap and affordable, some of us don't even as much as check the white papers, projects or prospects of these shitty coins before jumping on them. Please, stay off them...As a starter stay with bitcoin, etherium and ripple/litecoin.

4) Don't freak out!!!- from time to time the crpto world is rocked with government attacks, political scandals and technical glitches. This is exactly what is happening to ripple now, there is usually a sharp loss of value as most frightened investors would cash out to save the value of their crpto assets. But they are going about it wrongly. Whenever this happens, you must buy this ( major utility coins) in bulk, as this is usually the only time you will possibly get them cheap and they 90% of the time will bounce back and even exceed their previous price range. So if you are looking for where to start, ripple is your best bet, followed by etherium and bitcoin. But if you have the money, shoot for the king(BTC) it's not too late.

Lastly...I will recommend that starters use roqqu or luno app, it's the best and convenient for those with little or no experience.
Good luck.
📍
Re: Crypto Currency Investors Thread by Chikacha: 10:25am On Oct 22, 2024
seanwilliam:
this guy had 7 btc
Today it’s worth 714m naira.
Una get money for this thread ooooo. Ha
You never see anything. At least two people control 25 million USD all from crypto and over 20 people hold from 50 to more than 100 BTC. All here. Worse is they do not comment and never believe in holding any Alt. All they do is trade alt but buy and keep BTC. ETH, and BNB. Absolutely nothing else. Even their analysis na zero, pardon me. cheesy They don't even wait to calculate 4 years circle, fyam! them don sell. shocked

I no come know why them nor dey do give away.
Re: Crypto Currency Investors Thread by seanwilliam(m): 11:35am On Oct 22, 2024
jedisco:
I'd add that this is a bull amrket and it's very easy to trade it.

I got into aave when it broke its previous ATH at 95 and it's doubled...

Look for coins less talked about that are about to or just broke their ATH... In current market conditions, they'd likely double or triple once they do that.

Link for example had done that and currently consolidating above 20... Ive been in it since 9.5. usually, I wouldn't advise anyone to buy a coin that has done 11% in a day or 40% in a week... But on link now, dips are for buying... I wouldn't be shocked it gets to 50-60 in a short time.

For pdot, I suspect it's getting to a local top... I used links last run as a guide as ut seems to be following that... Anything from 19, I'd be taking profits and wait for a dip or switch to eithy..

Fact is eithy would outperform all altys in the long run... That's what most folks forget and are carried away with fast pumps
📍
Re: Crypto Currency Investors Thread by seanwilliam(m): 11:45am On Oct 22, 2024
Chikacha:
You never see anything. At least two people control 25 million USD all from crypto and over 20 people hold from 50 to more than 100 BTC. All here. Worse is they do not comment and never believe in holding any Alt. All they do is trade alt but buy and keep BTC. ETH, and BNB. Absolutely nothing else. Even their analysis na zero, pardon me. cheesy They don't even wait to calculate 4 years circle, fyam! them don sell. shocked

I no come know why them nor dey do give away.
And here I am , battling with 100$ grin
Re: Crypto Currency Investors Thread by Chikacha: 12:00pm On Oct 22, 2024
seanwilliam:
And here I am , battling with 100$ grin
Hahaha You and I are the same. Me when I read and follow them casually price and buy cars of 100k+ USD from one another on good evening... inside bear market. Thank God for blankets and bed. cheesy If na audio money. E loud oo
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