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Crypto Currency Investors Thread - Investment (4020) - Nairaland

Nairaland ForumNairaland GeneralInvestmentCrypto Currency Investors Thread (5860235 Views)

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Re: Crypto Currency Investors Thread by Robnectar(m): 5:11pm On Nov 17, 2024
undecided
Re: Crypto Currency Investors Thread by Tflex01: 5:35pm On Nov 17, 2024
santos123:
$maneki $bongo
Thanks very much. Made few 💰 💰 💰 on bongo

I'm out for now.
Re: Crypto Currency Investors Thread by GovernmentAgent: 6:34pm On Nov 17, 2024
iLegendd:
The person I pity the most right now is that guy or girl who convinced his friends or relations that don't like crypto to invest in it. He may have even taught them how it works and they invested heavily. Now, they've lost up to 80%. It's sad and painful.

I know there is definitely someone in this shoe and I know his mental health is messed up as I type. One of the reasons I give people I teach offline the initial money to start with. I protect my mental health at all cost.

The reason I'm feeling no pains with this constant crash is because no one is blaming me for anything, except the one that happened above about not breaking 56k based on history.

As I said, I don't have the power to stop the war or Mt Gox manipulation.

Let's plan for the best, but prepare for the worst. This feels like the worst to newbies, but I have witnessed a crash worse than this, but not this prolonged in consecutive and relentless order. This is 7 crashes or thereabout in 1 month without a tangible relief.

This one na slow poison rugpull, but I still won't give up.

That guy called GovernmentAgent is currently dancing shoki as he types with joy. He must comment today even if he's in a hospital bed.
This was your first unprovoked attack which I ignored!
Re: Crypto Currency Investors Thread by GovernmentAgent: 6:37pm On Nov 17, 2024
iLegenddd:
Where is that demonic beer-guzzling GovernmentAgent of darkness? From 15k in 2022 to approximately 90k in 2024. Even beer companies can't get this return with $15k.

If you had invested $15k when Naira to Dollar was at 423.75/$, that is 6.35 million, today, you would've gone home with 90000x1730, 155.7 million. That is about 2352%.

Has your brewery given you this return in 2 years since you started working? Even if when use the old exchange rate, it's 38 million.

When the market will crash to maybe 34k in 2026 is when you'll come out to scream.
This is your second unprovoked attack!
Re: Crypto Currency Investors Thread by GovernmentAgent:
All this unnecessary cho cho cho is about to come to an end
Re: Crypto Currency Investors Thread by GovernmentAgent: 6:54pm On Nov 17, 2024
Ilegend; ilegendd; ilegenddd; JoeClefAuthor

You like to play the victim card every time Alexa or any other person attacks you but here you are launching unprovoked attacks on a moniker that has neither mentioned you nor engaged you in anyway.

He who brings ant infested logs into his house should expect a visit from lizards!
Re: Crypto Currency Investors Thread by jayce232: 7:12pm On Nov 17, 2024
GovernmentAgent:
You like to play the victim card every time Alexa or any other person attacks you but here you are launching unprovoked attacks on a moniker that has neither mentioned you nor engaged you in anyway.

He who brings ant infested logs into his house should expect a visit from lizards!
See this senseless thing!
Your colleague helinues is now into cryptto trading, don't go find something meaningful to do with your life.
Re: Crypto Currency Investors Thread by JoeClefAuthor(m):
Rest

If you write any long epistle, I won't read o. I'm the only one approved for epistles. So, better keep it 4 lines of texts if you want me to engage you—which I know I won't. cheesy


Unprovoked? Imagine going to a Mosque as a pastor to preach against Islam. Does that make sense?

Re: Crypto Currency Investors Thread by Robnectar(m): 7:17pm On Nov 17, 2024
jayce232:
See this senseless thing!
Your colleague helinues is now into cryptto trading, don't go find something meaningful to do with your life.
Nah the helinues own shock me pass,.. over night d weyrey turn crypto trader with 30k stipend wey buhari and tinubu dey give am every month,... These guys are just clowning around here bro,... I just dey one corner dey observe dey laugh mehn grin grin grin
Re: Crypto Currency Investors Thread by Robnectar(m): 7:19pm On Nov 17, 2024
GovernmentAgent:
Ilegend; ilegendd; ilegenddd; JoeClefAuthor

You like to play the victim card every time Alexa or any other person attacks you but here you are launching unprovoked attacks on a moniker that has neither mentioned you nor engaged you in anyway.

He who brings ant infested logs into his house should expect a visit from lizards!
U dey do incantation for ur writings before u call ilegend, is like babalawo is ur calling, who even opened ur cage self grin
I can smell frustration in those lines too grin grin
Re: Crypto Currency Investors Thread by jyz200(m): 7:22pm On Nov 17, 2024
Robnectar:
Nah the helinues own shock me pass,.. over night d weyrey turn crypto trader with 30k stipend wey buhari and tinubu dey give am every month,... These guys are just clowning around here bro,... I just dey one corner dey observe dey laugh mehn grin grin grin
there's a life after politics and Nairaland
don't take anything u see on Nairaland too seriously
all this unnecessary banter on helinues no matter bobo
go n use that time to increase ur worth
Re: Crypto Currency Investors Thread by GRACEGLORY: 7:23pm On Nov 17, 2024
GRACEGLORY:
Five years from now, no one will remember what happened to SOL prices
12:06am On Mar 24, 2023. SOL was barely $22 then.



Now, I tell you again.
SOL bound for the $500



Doubt me again

Re: Crypto Currency Investors Thread by Yemike(m): 7:27pm On Nov 17, 2024
Robnectar:
U dey do incantation for ur writings before u call ilegend, is like babalawo is ur calling, who even opened ur cage self grin
I can smell frustration in those lines too grin grin
Rest baba, they're grown up men let them settle their differences.
Very soon now Alex will come tag you guard dog.
Re: Crypto Currency Investors Thread by Mercylike: 7:46pm On Nov 17, 2024
This licking of asses nawa oooo...
Re: Crypto Currency Investors Thread by jayce232: 8:02pm On Nov 17, 2024
Yemike:
Rest baba, they're grown up men let them settle their differences.
Very soon now Alex will come tag you guard dog.
Why not come out like a man & attack ilegenddd if that is what u want?? Why all these coward approach? Are u a guard dog to Alexa? You have been making some senseless comments on this thread, saying there should be room for criticism, when u know what Alexa is doing is not criticism but unwarranted hating & attack on other members here?? If u have something against ilegenddd spill it out like a man & stop this hide & seek bullsh!t u are doing!
Re: Crypto Currency Investors Thread by JoeClefAuthor(m):
So, today, I spent 3 to 4 hours on CMC. What did I do? In the customization I posted, the last three were volume(24hr), ATH, and ATL.

I removed the ATH and ATL (temporarily) and added Volume 7days and Volume 30days. Why? Because I want to sort using those 3 volumes.

Remember, Mcap and Fully Dil Mcap are side by side in the arrangement. The reason is for easy comparison to know if the tokenomics is good.

In our tokenomics lecture some months ago, you already know for a coin to be considered good tokenomics for everyday buyers, the value of the Mcap and FDMcap must be the same or almost these same.

If the difference is much, i.e, the FDMcap is 2 times or more the value of Mcap, then it's currently bad tokenomics. Such a coin has some token unlocks left.

CMC's lists of coins are always 100 per page. My research is only the top 1 to 10000 coins.

I clicked on page 10, clicked on Volume(24hr), on the menu bar, to sort out those coins that have at least 1 million volume in 24 hours.

The rule is, the coin must have AT LEAST a minimum of 1 million volume in 24 hours. 7 million volume in 7 days, and 30 million volume in 30 days. Zone to see image below.

When this is done, the next thing is to check if the MCap and FDMcap is the same or almost the same and if yes, test 2 passed.

Now, the next stage is to create a watchlist for all the coins on that page of 100 coins that passed your standard. After that, copy the link of the watchlist, if it was created on your CMC app and open it on your browser for the main work to begin.

Making money is easy, but being patient is where humans have problem.

Example of the coins I scouted on page 2. Link: https://coinmarketcap.com/watchlist/6739c9cac0b1a6768bcebf5e/ (page 2 is coin number 101 to 200)


Then...

Re: Crypto Currency Investors Thread by Bet9jaVirtual: 8:31pm On Nov 17, 2024
Woof woof woof grin
Re: Crypto Currency Investors Thread by Robnectar(m): 8:37pm On Nov 17, 2024
Who open unah cage bayiii grin
Re: Crypto Currency Investors Thread by Yemike(m): 10:04pm On Nov 17, 2024
jayce232:
Why not come out like a man & attack ilegenddd if that is what u want?? Why all these coward approach? Are u a guard dog to Alexa? You have been making some senseless comments on this thread, saying there should be room for criticism, when u know what Alexa is doing is not criticism but unwarranted hating & attack on other members here?? If u have something against ilegenddd spill it out like a man & stop this hide & seek bullsh!t u are doing!
Hey! Why your blood dey hot? If you can't read to comprehend it's not a must to type a post. I know someone will misinterprete that post and here you are. I don grow pass useless comment and banter I take God beg you.
Re: Crypto Currency Investors Thread by Alexas58:
jayce232:
Why not come out like a man & attack ilegenddd if that is what u want?? Why all these coward approach? Are u a guard dog to Alexa? You have been making some senseless comments on this thread, saying there should be room for criticism, when u know what Alexa is doing is not criticism but unwarranted hating & attack on other members here?? If u have something against ilegenddd spill it out like a man & stop this hide & seek bullsh!t u are doing!
You’re so obsessed with me And I understand

Hands off the merchandise!
Enjoy the bull run
Re: Crypto Currency Investors Thread by Celestialsword: 4:01am On Nov 18, 2024
L

5 Best Binance Alternatives for 2024


As most crypto investors know, Binance is, by far, the largest crypto exchange in the world based on trading volume. It lets you trade around 500 cryptocurrencies at relatively low fees (nearly zero for high VIP-level traders with significant monthly trading volumes).

Despite that, Binance struggles with regulatory issues in the US and several other countries, has relatively slow customer service, and doesn’t provide CFD trading.

With all of that in mind, many crypto traders are looking for the best Binance alternatives on the market, and that’s precisely where this guide will help. Keep reading to learn the top options and what differentiates them from Binance.


Best Binance Alternatives Ranked
Take a look at our top picks for the best Binance alternatives and what sets them apart:




1. eToro — Overall Best Binance Alternative With Advanced Copy Trading
eToro is a robust trading platform covering over 6,000 trading assets.
It’s not focused on crypto but on a wide range of instruments, including stocks, ETFs, commodities, and indices.

It’s one of the most renowned trading platforms in the world, with proper certifications and licenses from countless reputable bodies, most notably FCA and CySEC.

Although it lets you trade only around 100 cryptos (including Bitcoin and Ethereum), much less than Binance’s 500, it comes with advanced tools like crypto portfolio and copy trading.

The latter is where eToro truly excels, as its CopyTrader tool is second to none.


eToro charges a fixed 1% fee for buying and selling crypto, plus the market spread. However, traders choose eToro for its robust selection of beginner-friendly and even advanced trading tools, as well as its high security.

What eToro does differently from Binance

Pros
Fully regulated by many reputable bodies
Over 6,000 trading instruments
Trade cryptos, stocks, indices, commodities
Robust CopyTrader tool
Advanced tools like smart portfolios
Cons
Only 100 supported crypto coins
Fixed 1% fee on buying and selling crypto

2. MEXC — Minimal Taker Fees and Support for Around 2,500 Coins
MEXC has been on the market since 2018 and is now a very reputable and fast-growing cryptocurrency trading platform.
Its primary advantage over Binance and most other top trading apps is the incredibly low fees. MEXC offers 0% maker fees and only 0.01% to 0.02% taker fees.

Compared to Binance’s no-VIP 0.1% maker/taker fees for regular users, this is an important factor to conside

MEXC supports 2,500 cryptocurrencies, compared to Binance’s 500, and boasts a user base surpassing ten million.

Besides regular crypto trading, MEXC covers P2P trading, futures, copy trading, savings, and loans. It even features regular airdrops and a wide range of bonuses, especially for new members.

What MEXC does differently from Binance

Pros
Over 2,500 supported cryptos
0% maker fees for spot and futures trading
Only 0.01% to 0.02% taker fees
Reputable and fast-growing platform
No commissions on limit orders
No KYC for joining (unless you use a VPN)
Cons
Lacks a broader regulatory protection
Fiat deposits are subject to high fees
Visit MEXC

3. Margex — Great No-KYC Binance Alternative for Leveraged Trading
Margex is a popular crypto and forex trading platform designed for beginners and advanced users. It’s a user-friendly exchange that promises fast order executions as it draws liquidity from over a dozen providers.
The platform is small compared to Binance, boasting around half a million users and 180,000 daily trades.

However, it’s available in over 150 countries and offers several features Binance does not. Most notably, it doesn’t require KYC checks on registration and offers leveraged trading (up to 100x leverage), which you won’t find on Binance, as it offers only up to 10x leverage.

This also makes it one of the best crypto leverage trading platforms.

Binance and Margex charge similar trading fees, but Binance uses a tiered fee structure, where you must trade more and reach higher VIP levels to qualify for the lowest rates.

What Margex does differently from Binance

Pros
Low 0.06% taker fee
Leveraged trading with up to 100x leverage
Pools liquidity from over 12 exchanges
Services offered in over 150 countries
No-KYC registration
Cons
Less than 50 covered cryptos
Lacks regulatory licenses
Visit Margex

4. Exodus — Web3 Non-Custodial Wallet With Full Exchange Functionality
Exodus is one of the most popular non-custodial crypto wallets on the planet. It offers apps for most types of devices, even coming in the form of a browser extension.
Exodus lets you store over 300 digital assets across over 50 networks and offers unlimited token support for those networks.

It started as a wallet but added many features over time, putting it on par with most exchanges. Exodus lets you store, trade, swap, and stake crypto. And since it’s a Web3 wallet, it also integrates your wallet with a bunch of dApps and DeFi applications and supports NFT trading.


Despite the lack of advanced trading options, Exodus is non-custodial, meaning you can trade crypto without compromising security.

You hold the private keys, whereas Binance and many other exchanges store them for you on their company servers.

What Exodus does differently from Binance

Pros
Only spread and network fees
300 cryptos and unlimited tokens
Self-custodial wallet for extra security
Easy to use on any device
High yields on staking
Cons
No 2FA due to the self-custodial nature
No multi-sig protection
No futures or advanced trading options
Visit Exodus

5. Kraken — Massive Exchange With a Focus on Regulatory Compliance
In many ways, Kraken is similar to Binance, largely offering the same services.

It’s also one of the biggest crypto exchanges, among the top ten by market cap, with over ten million users. It lets you trade more than 300 coins compared to Binance’s 500.
The fee system is similar, and you will pay lower maker/taker fees if you opt for Kraken Pro. Takers will pay as little as 0.1% and makers 0%.


However, where Kraken excels is security and regulatory compliance. It’s a US-based exchange regulated by FinCEN and FinTRAC in Canada. More than that, it’s certified by several financial organizations in more than 190 countries.

Unlike Binance, Kraken offers better leveraged trading, with up to 50x leverage on perpetual futures and 5x for margin trading.

What Kraken does differently from Binance

Pros
US-based exchange with full regulatory compliance
Let you trade more than 300 cryptos
Perpetual futures with up to 50x leverage
Very user-friendly app suitable for beginners
Low maker/taker fees with Kraken Pro
Cons
High trading fees for beginner traders
Leveraged trading not available in all countries
Visit Kraken
Why Look for Binance Alternatives?
Binance is certainly a crypto exchange worth your time, as it’s the biggest in the world and covers around 500 coins, which you can trade at very reasonable fees. However, it does come with downsides, like regulatory issues and unavailability in certain regions.

With that in mind, here are its biggest weaknesses and what you can hope to find in the best Binance alternatives:

Regulatory problems — Binance has faced many regulatory challenges, most notably in the US, where it had to pay a whopping $4B fine in late 2023. The top Binance alternatives aren’t affected by that issue. For instance, eToro is duly licensed in the US and numerous other countries, with no notable conflicts with regulatory bodies.
Lowest fees reserved for top VIP users — Binance uses a complex system where only traders at higher VIP levels with high monthly trading volumes are eligible for the lowest charges. The base fee is 0.10% for both makers and takers. Other platforms charge less, most notably MEXC, which only charges up to 0.02% taker fees.
Slow customer support — Many users have complained about Binance’s customer service, usually complaining about delayed replies. If you want better customer support, you might consider platforms like eToro, which is often praised for its responsive customer service.
Lack of better leveraged trading — Binance is not just a regular exchange, as it features additional options like P2P and futures trading. But it lacks good leveraged trading, as it only offers up to 10x leverage, while others provide more. If you’re looking for that, you should use platforms like Margex, which offers up to 100x leverage.
Crypto availability — Binance offers a good selection of cryptocurrencies (around 500). However, others, like Exodus, support even more or let you trade a wide range of tokens on select networks. MEXC is one of the best options if you want more cryptos, supporting over 2,500 unique coins.
Lack of fiat payments in certain countries — Binance supports fiat payments, but not in certain countries, such as the UK. If you don’t want to run into these issues, you should go for fully regulated and licensed platforms, like eToro, which covers payments via bank cards, bank transfers, and e-wallets for many fiat currencies.
High learning curve for beginners — Binance is a user-friendly platform, but beginners might have issues using it. The platform’s layout is more suited for experienced traders. On the other hand, eToro is much better in this regard, as it’s well-optimized for both beginners and experienced traders. The robust copy trading features are also ideal for beginners.
KYC checks — Centralized crypto exchanges like Binance typically carry out complex KYC checks during the registration process. Even though this is required by law in most countries, trading platforms that don’t cover fiat don’t need to implement KYC. Some ask for your documents later. To avoid KYC at registration, go for Margex or MEXC.
Conclusion
Binance may be the biggest cryptocurrency exchange on the planet, with extensive coin support and many trading options. However, it does have drawbacks that might pose a problem for some investors. If you fall into this group, you’ll want to consider some of our picks for the best Binance alternatives.

The overall top choice is eToro, which offers over 6,000 trading instruments. It’s not just a crypto trading platform but one for stocks, commodities, indices, ETFs, and forex. More than that, it’s user-friendly and offers advanced features like smart portfolios and copy trading tools.

It’s also fully licensed and regulated by a wide range of reputable bodies, making it completely safe.

© Copyright 2024 The Tech Report Inc. All Rights Reserved.
Re: Crypto Currency Investors Thread by jayce232: 5:16am On Nov 18, 2024
Yemike:
Hey! Why your blood dey hot? If you can't read to comprehend it's not a must to type a post. I know someone will misinterprete that post and here you are. I don grow pass useless comment and banter I take God beg you.
If u are mature, it should reflect in your comment. There is nothing to misconstrue about your post, nobody is a kid here. Your message is quite clear, but u should ask yourself if majority of the members here don't know the meaning of criticism? Spiting someone is different from criticism.
Re: Crypto Currency Investors Thread by santos123(m): 5:51am On Nov 18, 2024
Bought $michi at 0.4 cents. I believe it’s going to be one of the top 4cats in terms of market cap.

Look at $happy cat too. X2 likely possible short term
Re: Crypto Currency Investors Thread by santos123(m): 5:53am On Nov 18, 2024
$myro has massively underperformed.
Re: Crypto Currency Investors Thread by santos123(m): 6:02am On Nov 18, 2024
santos123:
$maneki $bongo
bongo has x2. $maneki has more room for upside.
Re: Crypto Currency Investors Thread by AbokiWam: 10:18am On Nov 18, 2024
jayce232:
Why not come out like a man & attack ilegenddd if that is what u want?? Why all these coward approach? Are u a guard dog to Alexa? You have been making some senseless comments on this thread, saying there should be room for criticism, when u know what Alexa is doing is not criticism but unwarranted hating & attack on other members here?? If u have something against ilegenddd spill it out like a man & stop this hide & seek bullsh!t u are doing!
U]na be MUMU for this thread

Capital M U M U
Re: Crypto Currency Investors Thread by AbokiWam:
iLEGGENDS Pitbull and Rotweilers

Person no fit pass this thread peacefully again

Pitibull Pitibull
Asa kasa, Eyah
Pitibull Pitibull

A picture below of doyin01 on duty

Re: Crypto Currency Investors Thread by GRACEGLORY: 10:38am On Nov 18, 2024
#BTC

93K,94K 95K
Re: Crypto Currency Investors Thread by AbokiWam: 10:48am On Nov 18, 2024
Where is hudson777

One of the guys that knew how to discover gems early
Re: Crypto Currency Investors Thread by AbokiWam: 10:55am On Nov 18, 2024
GRACE GLORY:
Make I go near that Hudson777, so I can make heaven
Re: Crypto Currency Investors Thread by thesicilian: 12:12pm On Nov 18, 2024
Pls I have some questions

1. How is Futures different from Spot trading?

2. What's LONG and SHORT, is it the same we buy and sell respectively?

Re: Crypto Currency Investors Thread by pafra(m): 12:25pm On Nov 18, 2024
thesicilian:
Pls I have some questions

1. How is Futures different from Spot trading?

2. What's LONG and SHORT, is it the same we buy and sell respectively?
Short means sell
Long means to buy.

For now, stick to spot.
Future is a risky trade not advisable for a beginner. You can loose your money in seconds that is the major difference
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