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Crypto Currency Investors Thread - Investment (3975) - Nairaland

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Re: Crypto Currency Investors Thread by XaToXi: 1:13pm On Nov 01, 2024
seanwilliam:
Ehn, I’m back to the market,
I have started massive dcaing, if by April or October next year I no make am for this shït, I’ll be at the fore front of campaign against crypto . I’m buying on every 5% dip.
Myro down 75%
Floki down 61%
Pepe down 48%
Bome down 71%

My focus is on the memes above, since the price is a steal now, like I really wanna see what comes out of it..

Guys, what your take on the memes above ?
Which of the memes stands higher chance of crazy pumps.. I’ve done my research but I still need una honest contribution .
Just these four memes and nothing else pls. ..

Cc doyin01
Tflex
Chicacha
Alexas58
RobNectar
Xatoxi( I Dey always read your moniker as shatoshi)
And others , edakun ntori oloun.
grin grin grin

Personally, my bets are on Bome (greatly undervalued) and Pepe (great community).

However, in terms of crazy pumps, you might want to list them in order of current depreciation. The further they've fallen, the more room to the upside, thus:

Myro - 75%
Bome - 71%
Floki - 61%
Pepe - 48%

You can put 25% in all 4 or 60% in 2 and 40% in another 2.
.
Re: Crypto Currency Investors Thread by stokfrick: 1:15pm On Nov 01, 2024
Life itself is a gamble. Cos no one knows or can completely foretell their fate the next minute.
It's all a game of chance/probabilities.

We only try to avoid unnecessary risks and pray for success
Re: Crypto Currency Investors Thread by XaToXi: 1:32pm On Nov 01, 2024
Alexas58:
In investing, a 50% decrease requires a 100% increase to break even!


If it decreased by 50% as you are all sayin!

Oya make another 50% and get back to 70 na
Alexas58:
Since it’s a 50% loss

To break even, how many percent increase do you need?
Just consult chatgpt and save yourself.

I'm posting the image below because it will be useful for other people.

Re: Crypto Currency Investors Thread by XaToXi: 1:41pm On Nov 01, 2024
Robnectar:
Hey guys, how much minimum should I keep for futures trading?
Binance/bitGet

Nah spot lane I been dey jejely, now my egungun wan vex enter high with full guard grin
Whatever amount you are very comfortable losing.


Robnectar:
Small leverage like x2
With this leverage, you will be able to trade twice the amount of the money you are comfortable losing.

Btc has the highest notional size of $60-73 right now, followed by Eth and sol so with $40 you should be able to trade any coin at 2x leverage.
Re: Crypto Currency Investors Thread by harry2sexy(m): 1:56pm On Nov 01, 2024
iLegendd:
I respectfully disagree with the notion of "I'm not a gambler." In truth, nearly every venture in life resembles a gamble.

Consider the sacrifices involved in investing in children's education, hoping that their degrees will secure successful futures.

Yet, some may still struggle to find fulfilling work, while even the employed may earn far less than someone like Peller, the TikTok personality who presents himself as an illiterate. This reality reflects the unpredictability and inherent risks we face.

At the core, every decision harbors a motive—a wager that whispers, "God, I hope this turns out well." Certainties in life are rare, limited to the forces of nature: water, sunlight, trees, plants.

Almost everything else holds the potential for failure, often when we least anticipate it. This is a notion I debated with that government Agent-of-Darkness guy some months ago who feels Nigeria Breweries is gold and better than crypto.

Markets can crash, though they may recover in time. That $1 million spot trade in XRP or another coin could vanish, while someone else, shorting the same asset with a mere $1,000, might end up with your fortune—all due to an understanding of futures. Knowledge, applied wisely, holds power.

What I'm trying to say is, almost everything on Earth is a scam or gambling.

We, the forced to be Christians by the whites, think we're the only people that'll go to Heaven. My Muslim brothers, the Arab forced to embrace Islam, also think they're the only ones that'll go to Heaven, but in the end, we might all be scammed. I pray we aren't scammed at the end of life.

But since we're emotionally invested in it, there is nothing anyone would say that'll change our minds that it's a scam or gamble. As humans, our job is to always protect our father's heritage or foreigners' unknown agenda.

There are some people in stocks that hate crypto, be it BTC or whatever—they see crypto as gambling and even if you preach to them, they'll never change their mind. NEVER!

There are some people in crypto that hate stocks too and they see it as slow gambling.

I don’t engage in football betting—not for any moral objection, but because I lack an understanding of it and no desire to learn either.

Yet, others have attained more wealth than I ever could from it. If I disparage betting, they'd likely dismiss my views as uninformed.

Essentially, life is an elaborate game of risk, played out in various forms—from education and religion to finance, politics, race, and even farming.

Take farming, for instance. Despite its virtues and benefits, a landslide, pest, or flood can obliterate crops, as I’ve experienced firsthand.

Every human is a gambler, but we don't want to be associated with that name. Every human has pride, but we don't want to be called arrogant. 

Every man wants all the beautiful women, but we don't want to be seen as players or irresponsible. Every woman want to ride multiple rods, but they reject the pejorative labels like  "whóres, ashawo."

Everyone wants to express themselves, but we don't want to be seen as cho cho cho, talkative, invasive.

So, life is just a little scammy, full of deciet, pretense, risk and a form of gambling without being labelled as gambling. Strategy, planning, patience, timing and luck is just our savior, else, we're all gambling in life.

Who wins in life is called smart, but who loses is a frivolous gambler.

Sadly, and most poignantly, none of us will get out of it alive whether we partake in it or pretend not to partake in it. It's just a matter of time.

As Burna Boy would say, "If you no make am, nobody go know say you try. You go explain taya, no evidence."

So, as we partake in the scam or gambles of life, let's be strategic, focused, plan ahead and most sometimes, be patient while having a proper risk management in place as we hope for the best while prepared for the worst.

This is not an attack on you, buy my experience and observations about life.
Make I leave intelligent man like this dey trade like a fool, mtswhhhh, e nor go better for that ozuor
Re: Crypto Currency Investors Thread by Nobody: 2:08pm On Nov 01, 2024
harry2sexy:
Make I leave intelligent man like this dey trade like a fool, mtswhhhh, e nor go better for that ozuor
This table you're shaking…😎
Re: Crypto Currency Investors Thread by seanwilliam(m): 2:13pm On Nov 01, 2024
XaToXi:
grin grin grin

Personally, my bets are on Bome (greatly undervalued) and Pepe (great community).

However, in terms of crazy pumps, you might want to list them in order of current depreciation. The further they've fallen, the more room to the upside, thus:

Myro - 75%
Bome - 71%
Floki - 61%
Pepe - 48%

You can put 25% in all 4 or 60% in 2 and 40% in another 2.
.
thanks so much 😊.
Make I continue dcaing
Re: Crypto Currency Investors Thread by seanwilliam(m): 2:15pm On Nov 01, 2024
Tflex01:
Good collection Oga mi so far you also have good bag of btC and sol. The future is bright. cool

Don't ignore $turbo completely though.
Chai. I for consider am but mehn I’m too invested on those ones no be small . Thanks so much , I appreciate.
Re: Crypto Currency Investors Thread by Alexas58: 3:15pm On Nov 01, 2024
Back from market

This special Agbo can make you perform like. Legned on bed and make you last for 21 days straight without cumming

Re: Crypto Currency Investors Thread by Alexas58: 3:16pm On Nov 01, 2024
XaToXi:
Just consult chatgpt and save yourself.

I'm posting the image below because it will be useful for other people.
Very simple question!

Why when you have a 50% decrease in ur capital you are needed to make a 100% gain ??


Explain like the smart man you are
Re: Crypto Currency Investors Thread by GRACEGLORY:
iLegendd:
I respectfully disagree with the notion of "I'm not a gambler." In truth, nearly every venture in life resembles a gamble.

Consider the sacrifices involved in investing in children's education, hoping that their degrees will secure successful futures.

Yet, some may still struggle to find fulfilling work, while even the employed may earn far less than someone like Peller, the TikTok personality who presents himself as an illiterate. This reality reflects the unpredictability and inherent risks we face.

At the core, every decision harbors a motive—a wager that whispers, "God, I hope this turns out well." Certainties in life are rare, limited to the forces of nature: water, sunlight, trees, plants.

Almost everything else holds the potential for failure, often when we least anticipate it. This is a notion I debated with that government Agent-of-Darkness guy some months ago who feels Nigeria Breweries is gold and better than crypto.

Markets can crash, though they may recover in time. That $1 million spot trade in XRP or another coin could vanish, while someone else, shorting the same asset with a mere $1,000, might end up with your fortune—all due to an understanding of futures. Knowledge, applied wisely, holds power.

What I'm trying to say is, almost everything on Earth is a scam or gambling.

We, the forced to be Christians by the whites, think we're the only people that'll go to Heaven. My Muslim brothers, the Arab forced to embrace Islam, also think they're the only ones that'll go to Heaven, but in the end, we might all be scammed. I pray we aren't scammed at the end of life.

But since we're emotionally invested in it, there is nothing anyone would say that'll change our minds that it's a scam or gamble. As humans, our job is to always protect our father's heritage or foreigners' unknown agenda.

There are some people in stocks that hate crypto, be it BTC or whatever—they see crypto as gambling and even if you preach to them, they'll never change their mind. NEVER!

There are some people in crypto that hate stocks too and they see it as slow gambling.

I don’t engage in football betting—not for any moral objection, but because I lack an understanding of it and no desire to learn either.

Yet, others have attained more wealth than I ever could from it. If I disparage betting, they'd likely dismiss my views as uninformed.

Essentially, life is an elaborate game of risk, played out in various forms—from education and religion to finance, politics, race, and even farming.

Take farming, for instance. Despite its virtues and benefits, a landslide, pest, or flood can obliterate crops, as I’ve experienced firsthand.

Every human is a gambler, but we don't want to be associated with that name. Every human has pride, but we don't want to be called arrogant. 

Every man wants all the beautiful women, but we don't want to be seen as players or irresponsible. Every woman want to ride multiple rods, but they reject the pejorative labels like  "whóres, ashawo."

Everyone wants to express themselves, but we don't want to be seen as cho cho cho, talkative, invasive.

So, life is just a little scammy, full of deciet, pretense, risk and a form of gambling without being labelled as gambling. Strategy, planning, patience, timing and luck is just our savior, else, we're all gambling in life.

Who wins in life is called smart, but who loses is a frivolous gambler.

Sadly, and most poignantly, none of us will get out of it alive whether we partake in it or pretend not to partake in it. It's just a matter of time.

As Burna Boy would say, "If you no make am, nobody go know say you try. You go explain taya, no evidence."

So, as we partake in the scam or gambles of life, let's be strategic, focused, plan ahead and most sometimes, be patient while having a proper risk management in place as we hope for the best while prepared for the worst.

This is not an attack on you, buy my experience and observations about life.
Thanks for your take, boss. Your wisdom is that of angels.

Here's my perspective...

One look at the dictionary will tell you that investing and gambling are, at their core, startlingly different, hence, the English dictionary differentiates them. Only that, there are many investors who behave far more like gamblers, especially when it comes to the expectation of profit with associated risk.

According to the Oxford dictionary, a gambler is “a fraudulent gamer who habitually plays for money, especially high stakes.

An investor, on the other hand, is defined as “a person who commits capital to a business endeavour for positive returns

An investor puts money into what he percieves as assets, a gambler put money into what he percieve as chance. In futures, you have no asset nor can you HODL, you have nothing except chance. It's not the same in spot where you have an asset, tangible asset. 


In a spot market, you own the asset you buy. Spot trading involves buying or selling a financial instrument, commodity, or foreign currency for immediate delivery. For example, a spot trader might buy cryptocurrency at a specific time and sell it when the price increases. 

In a futures contract, you don't own the asset you're gambling. 

Trading or investment involves owning a commodity, gambling involves putting money on chance, no commodity, no asset, no nothing...

It’s essential for all of us to realize how easy it is to gamble under the pretext of investing.



Edited

Life isn't a gamble, for us in our kingdom... We have an expected end. Please, we must ensure we don't give our life to chance/gamble.



I AM NOT A GAMBLER!!! 

Re: Crypto Currency Investors Thread by Chikacha: 3:56pm On Nov 01, 2024
seanwilliam:
Ehn, I’m back to the market,
I have started massive dcaing, if by April or October next year I no make am for this shït, I’ll be at the fore front of campaign against crypto . I’m buying on every 5% dip.
Myro down 75%
Floki down 61%
Pepe down 48%
Bome down 71%

My focus is on the memes above, since the price is a steal now, like I really wanna see what comes out of it..

Guys, what your take on the memes above ?
Which of the memes stands higher chance of crazy pumps.. I’ve done my research but I still need una honest contribution .
Just these four memes and nothing else pls. ..

Cc doyin01
Tflex
Chicacha
Alexas58
RobNectar
Xatoxi( I Dey always read your moniker as shatoshi)
And others , edakun ntori oloun.
I really avoid memes but I bought PEPE and will DCA more with another dip.
Re: Crypto Currency Investors Thread by GRACEGLORY: 4:16pm On Nov 01, 2024
GRACEGLORY:
In as much as the 69K support hold, 71K, 72K, 73K, 74K, in view


I'm not a gambler

Re: Crypto Currency Investors Thread by Yemike(m): 4:24pm On Nov 01, 2024
GRACEGLORY:


I'm not a gambler
A professional with proofs to show for it. You sabi this thing wella. Not a gambler indeed.
Re: Crypto Currency Investors Thread by EmmyPers:
cool cool
Re: Crypto Currency Investors Thread by hedonido: 5:40pm On Nov 01, 2024
To make it big in this game (and perhaps in the expanded game of life), you have to be incredibly smart or incredibly 'stupid'. Interpret this any way you like.

Anything in-between is called jonzing, whether you like it or not.
Re: Crypto Currency Investors Thread by Robnectar(m): 6:34pm On Nov 01, 2024
grin
Re: Crypto Currency Investors Thread by Arijude(m): 7:01pm On Nov 01, 2024
Robnectar:
I'm holding bome tight and Pepe, then still hunting for more Benjamins to buy more angry
what's your expectation for Pepe price at the peak of bull run?
Re: Crypto Currency Investors Thread by boldsleek: 7:55pm On Nov 01, 2024
What is Grass trying to do since yesterday?

I made money from it yesterday, waiting for it to dip so I can reinvest.

But, it keeps climbing up to heaven, and I'm scared of buying at the price I'm seeing oooo cheesy
Re: Crypto Currency Investors Thread by stokfrick: 7:57pm On Nov 01, 2024
GRACEGLORY:
Thanks for your take, boss. Your wisdom is that of angels.

Here's my perspective...

One look at the dictionary will tell you that investing and gambling are, at their core, startlingly different, hence, the English dictionary differentiates them. Only that, there are many investors who behave far more like gamblers, especially when it comes to the expectation of profit with associated risk.

According to the Oxford dictionary, a gambler is “a fraudulent gamer who habitually plays for money, especially high stakes.

An investor, on the other hand, is defined as “a person who commits capital to a business endeavour for positive returns

An investor puts money into what he percieves as assets, a gambler put money into what he percieve as chance. In futures, you have no asset nor can you HODL, you have nothing except chance. It's not the same in spot where you have an asset, tangible asset. 


In a spot market, you own the asset you buy. Spot trading involves buying or selling a financial instrument, commodity, or foreign currency for immediate delivery. For example, a spot trader might buy cryptocurrency at a specific time and sell it when the price increases. 

In a futures contract, you don't own the asset you're gambling. 

Trading or investment involves owning a commodity, gambling involves putting money on chance, no commodity, no asset, no nothing...

It’s essential for all of us to realize how easy it is to gamble under the pretext of investing.



Edited

Life isn't a gamble, for us in our kingdom... We have an expected end. Please, we must ensure we don't give our life to chance/gamble.



I AM NOT A GAMBLER!!! 
Your perspective is nice.
But your expected outcome is not 100% assured. You don't get to decide which of your investment turns out profitable, neither can you tell which must lead to a loss so as to completely avoid it.
Thus at the end it still ends up a probility.
That's why as a good technical analyst which you are, you always make use of the word "MAY" while forecasting.
Re: Crypto Currency Investors Thread by Chikacha: 8:37pm On Nov 01, 2024
Robnectar:
The current bull market will play out in three stages over the next two years:
Stage One: BitcCoin from $30,000 to $70,000
Most people won’t make money here—in fact, many will lose. BitCcoin will keep rising, while altcoins seem to stagnate or even drop. This phase is all about intense volatility, a clear accumulation period. Big players like BlackRock, Fidelity, and other institutions will buy while others sell. We’ll see pumps followed by dumps—a relentless shakeout by the big guns as they collect cheap tokens.
Stage Two: BitcCoin from $70,000 to $90,000
In this stage, BitcCoin likely holds above $60,000, with brief corrections around 30% as expected in the cycle. Once again, profits are elusive: BitCoin’s dips hit altcoins even harder, spreading a sense of despair. The big money is still scooping up tokens, switching from the winners of Stage One to undervalued, underperforming coins—positioning for the next phase.
Stage Three: Bitcoin from $90,000 to $200,000
Here we hit the main event. Most coins begin to double, triple, or go up hundreds of times. Sudden dips will happen, but the overall trend is firmly upward. Profit-taking becomes straightforward as strong gains create a clear sense of winning, and institutional investors have accumulated enough—now they simply drive up prices.
The trick is this: the less willing you are to buy, the more likely it is to rise. And the longer you hesitate to sell, the more it’s primed to fall. In this game, patience is key. Institutions play the long haul, pushing traders out and gathering tokens at lows. Holding through these phases requires financial strength and discipline—something retail investors actually have over big institutions. We’re not bound by quarterly reports or investor pressure; we can wait out a month, three months, whatever it takes, because we have the time and flexibility they don’t.
Just hold steady, and remember: timing, discipline, and patience are our edge
Happy new month to y'all, stay safe 🙏🔥
Happy new month My brother. Patience is everything.
Re: Crypto Currency Investors Thread by stokfrick: 8:39pm On Nov 01, 2024
Crypto trading shares similarities with gambling, but it's not entirely accurate to categorize it as such. Here's a nuanced view:

*Similarities with gambling:*

1. Volatility: Cryptocurrency prices can fluctuate rapidly, creating uncertainty.
2. Risk: Trading cryptocurrencies carries inherent risk, including potential losses.
3. Speculation: Some traders engage in speculative behavior, hoping for quick profits.
4. Emotional involvement: Fear, greed, and emotional decision-making can occur.

*Differences from gambling:*

1. Market dynamics: Cryptocurrency prices are influenced by supply and demand, adoption rates, regulatory changes, and global events.
2. Fundamental analysis: Traders can analyze blockchain technology, project fundamentals, and market trends to inform decisions.
3. Investment potential: Cryptocurrencies have potential for long-term growth and adoption.
4. Regulatory environment: Cryptocurrency markets are increasingly regulated, providing some protection for traders.

*Why crypto trading is not entirely gambling:*

1. Emerging asset class: Cryptocurrencies represent a new asset class, distinct from traditional currencies.
2. Decentralized nature: Blockchain technology enables decentralized, peer-to-peer transactions.
3. Growing infrastructure: Cryptocurrency exchanges, wallets, and payment systems are maturing.
4. Mainstream adoption: Cryptocurrencies are increasingly accepted by institutions, businesses, and governments.

*Why crypto trading can be considered gambling-like:*

1. Lack of education: Uninformed traders may rely on luck rather than research.
2. Over-leveraging: Traders may take excessive risks, amplifying potential losses.
3. Market manipulation: Pump-and-dump schemes, wash trading, and other manipulative practices exist.
4. Emotional trading: Fear, greed, and emotional decision-making can dominate.

*Best practices to avoid gambling-like behavior:*

1. Educate yourself on blockchain technology, cryptocurrency fundamentals, and market analysis.
2. Set realistic goals and risk tolerance.
3. Develop a trading plan and stick to it.
4. Monitor and adjust your emotions.
5. Diversify your portfolio.
6. Use proper risk-reward ratios.

Crypto trading carries risks, but it's not entirely gambling. Approach it with education, caution, and a long-term perspective to minimize risks and maximize potential rewards.

#Copied
Re: Crypto Currency Investors Thread by Robnectar(m): 8:40pm On Nov 01, 2024
Arijude:
what's your expectation for Pepe price at the peak of bull run?
$Pepe will do Wonders and hit a new ATH as dis is her 1st bullrun and d community is very strong
Re: Crypto Currency Investors Thread by chido20(m): 8:47pm On Nov 01, 2024
I’m buying more Ponke. The coin is about to explode
Re: Crypto Currency Investors Thread by Chully01(f): 8:48pm On Nov 01, 2024
Beeteecee ya werey gan sha grin grin
Re: Crypto Currency Investors Thread by Usdtstaking: 9:21pm On Nov 01, 2024
Personally, I think Future Trading is not a gamble. It is just like Spot Trading. When you remove the "Get rich quick" mentality and start trading with a business mindset, your disappointment will be reduced.

Look at it this way: if banks with all the money they have can only give you 7 to 12% ROI in a year, this should tell you that they are trying to minimize the risk to the minimum. Let your target be 20% to 50% in a year when trading futures. With this mindset, you will think like a business person rather than a gambler.

I learnt it the hard way after taking different losses, including the one that nearly sent me back to the village. I went back to the drawing board and updated my bot. I no longer try to make money, which will take me 5 years in just 1 month. I started thinking about the long term. I removed all the noises (altcoins) and focused on only BTC and ETH.

Below is one of the bot's trading since I modified my thinking (August 06 2024). You can check on 5th August 2024. That was the dip that reset my thinking. I assigned $500 to the bot, which it has been trading with it. From the calculation, the return is like 10% per month. The return might not be much, but it gives me peace of mind.

Choose the one (Future or Spot) that suits you and trade cautiously. I prefer Future Trading because of the flexibility it gives.

Re: Crypto Currency Investors Thread by iLegendd(m): 9:59pm On Nov 01, 2024
GRACEGLORY:
Thanks for your take, boss. Your wisdom is that of angels.

Here's my perspective...

One look at the dictionary will tell you that investing and gambling are, at their core, startlingly different, hence, the English dictionary differentiates them. Only that, there are many investors who behave far more like gamblers, especially when it comes to the expectation of profit with associated risk.

According to the Oxford dictionary, a gambler is “a fraudulent gamer who habitually plays for money, especially high stakes.

An investor, on the other hand, is defined as “a person who commits capital to a business endeavour for positive returns

An investor puts money into what he percieves as assets, a gambler put money into what he percieve as chance. In futures, you have no asset nor can you HODL, you have nothing except chance. It's not the same in spot where you have an asset, tangible asset. 


In a spot market, you own the asset you buy. Spot trading involves buying or selling a financial instrument, commodity, or foreign currency for immediate delivery. For example, a spot trader might buy cryptocurrency at a specific time and sell it when the price increases. 

In a futures contract, you don't own the asset you're gambling. 

Trading or investment involves owning a commodity, gambling involves putting money on chance, no commodity, no asset, no nothing...

It’s essential for all of us to realize how easy it is to gamble under the pretext of investing.



Edited

Life isn't a gamble, for us in our kingdom... We have an expected end. Please, we must ensure we don't give our life to chance/gamble.



I AM NOT A GAMBLER!!! 
Okay. I still stand with my point, but I'll also let yours stand. Sometimes, the number 6 is called 9 depending on your direction. #OneLove
Re: Crypto Currency Investors Thread by iLegendd(m): 10:03pm On Nov 01, 2024
Robnectar:
Hey guys, how much minimum should I keep for futures trading?
Binance/bitGet
Cc ile gendd
Cc swee.tveek
Cc grac.eglory
and others grin
Nah spot lane I been dey jejely, now my egungun wan vex enter high with full guard grin
It all depends on what you can lose because the initial stage is about loss and luck.
Re: Crypto Currency Investors Thread by iLegendd(m): 10:05pm On Nov 01, 2024
Woke from sleep and the BTC I saw heading to 72k had gone back to 69k. As I said, I'll take the market seriously in 2025. Whatever I do now is just for fun.
Re: Crypto Currency Investors Thread by Agentsalt: 10:11pm On Nov 01, 2024
The new method of features trading just tire me.
Its just very confusing.
So if i have 30usd on my features wallet, and iwant to make use of all the 30usd to trade btc on a leverage of 3x.
Instead allowing me to use all my 30usd they are telling me to use only 23.06usd.
Hmm me ino come understand again o.
Re: Crypto Currency Investors Thread by armadeo(m): 12:05am On Nov 02, 2024
This market is so funny.

They really said they'll push everyone to exhaustion. I'm not even checking anymore like before. I'm tired.

I've set my alerts at 80k. Whenever btc crosses there I'll start monitoring again.
Re: Crypto Currency Investors Thread by seanwilliam(m): 4:42am On Nov 02, 2024
I pray for Trump to win, if not, Elon is playing with fire,

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