Crypto Currency Investors Thread - Investment (4085) - Nairaland
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| Re: Crypto Currency Investors Thread by harry2sexy(m): 1:13am On Dec 06, 2024 |
While men slept, we wrestle not against flesh and blood sha😅
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| Re: Crypto Currency Investors Thread by iLegendd(m): 1:29am On Dec 06, 2024 |
In crypto, have 3-5 rules you'll NEVER break. Don't worry, you'll discover them the hard way. Rule 1: Until BTC pumps or dumps a minimum of 10% in a day, never take the market seriously. I have spoken about this rule before. I learned it from experience and I vowed I MUST make it my rule 1. I knos how much I lost by not having this rule, but now, it's a different game. Yesterday, the rule played out. BTC dumped 10%. These are the days I'm the most prepared for. Also, it's not uncommon to do another 10%. In fact, in a week or two, from history, it's supposed to be 20-24% pump or dump. Anyway, this 10% is enough, but if there are too many new long leverage, another one will happen after crossing 100k again, then back down to liquidate them.
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| Re: Crypto Currency Investors Thread by iLegendd(m): 1:33am On Dec 06, 2024*. Modified: 1:53am On Dec 06, 2024 |
So, whenever BTC pumps carelessly, map out 10, 12, and 24% drawdown and enter spot trades in those positions. If it goes lower, then long. You'll thank me later. (Only in bull market). |
| Re: Crypto Currency Investors Thread by Chully01(f): 1:43am On Dec 06, 2024 |
Glad I longed my favourite alts in that flash crash. Person wey dey find money no dey sleep |
| Re: Crypto Currency Investors Thread by Superpack589: 2:16am On Dec 06, 2024 |
If Bitcoin can display that level of volatility, it will take close to nothing to liquidate the majority of people trading futures with alt and meme coins. Guy, I for say I dy fear but my Bible say fear not. Omor once I see small profit like this, na to run o, because I don’t want to join the next batch of heart broken traders o. One thing I am certain of is that to the moon or nothing go still land some people for well. Since the person always encouraging us no dy here again, all of us go face reality now. |
| Re: Crypto Currency Investors Thread by Chully01(f): 2:28am On Dec 06, 2024 |
Superpack589:Future traders no dey hodl coin Future traders must get plans wey dey work for am Future trader wey dey hodl go rekt Collect profit n close. Besides I feel somehow sef because this looks like the top |
| Re: Crypto Currency Investors Thread by Alexas58: 4:59am On Dec 06, 2024 |
Btc did a one day drop yesterday! From 105k, it dropped to 90k, which is a 13% decline in one day! Market still looks bullish But profit are being taken A lil pull back is still necessary, this is not the drop ive been waiting for… patience is a virtue in this game I won’t short btc at any point now! Till a clear signal is given |
| Re: Crypto Currency Investors Thread by twosquare(m): 6:07am On Dec 06, 2024 |
harry2sexy:I forgot to use a stop loss on one of my positions...when i woke up this morning, I was expecting some love letter email, lol...but alas! profit profit profit. What a relief! |
| Re: Crypto Currency Investors Thread by twosquare(m): 6:09am On Dec 06, 2024 |
Chully01:😴😴😴 |
| Re: Crypto Currency Investors Thread by twosquare(m): 6:13am On Dec 06, 2024 |
Superpack589:Lol...as your profit increase significantly, downsize your position gradually too...no brainer...I was asleep when it happened. Maybe I would have closed some of my positions in red in fear, but then...as for futures, it is meant to gather money and roll it into more sure spot positions. Only XRP and some coins I can hold for long term like that on futures. |
| Re: Crypto Currency Investors Thread by iLegendd(m): 6:14am On Dec 06, 2024*. Modified: 7:17am On Dec 07, 2024 |
I just realized crypto is not supposed to be traded based on prices, but momentum and trends. So, with this realization, you won't be bothered about the price, but where the moment is going, using StochRSI (which I'll explain later and you'll thank me). Is the momentum in favour of the trend or against the trend? Is it strong or weak? How weak is it and what period of the season are we in? Relax, Sell, Buy or Buy-more year? The moment you understand this, you don make am. Pumps and dumps won't shake you. You're now like an insider of the system. I'll explain. |
| Re: Crypto Currency Investors Thread by helinues: 6:22am On Dec 06, 2024 |
I was caught in the ACT yesterday but this morning MORPHO ![]() |
| Re: Crypto Currency Investors Thread by helinues: 6:24am On Dec 06, 2024 |
iLegendd:I use volume too. When the volume start decreasing even if it's uptrend, it won't move that much |
| Re: Crypto Currency Investors Thread by SINisSIN(m): 7:52am On Dec 06, 2024 |
BTC is not close to the top. BTC needs to break above 150k atleast to user into another 4 years cycle. For like a month, BTC will be moving around 80kl to about 120kl before the massive uptrend. Don't try to short the market with high leverage this time. Any dip happening now won't last. The market is bullish.. Chully01: |
| Re: Crypto Currency Investors Thread by SINisSIN(m): 7:58am On Dec 06, 2024 |
And this.... it's like you haven't seen one wicked wick before? Most futures traders are always caught tighted in the market and the options of loosing all or close the trade. Chully01: |
| Re: Crypto Currency Investors Thread by Chully01(f): 8:04am On Dec 06, 2024 |
SINisSIN:You are right though May we not be in the market when those wicked long red wick happens |
| Re: Crypto Currency Investors Thread by Chully01(f): 8:06am On Dec 06, 2024 |
SINisSIN:I don't short market on a bull run I learnt the hard way in the last bull run Thanks for the heads up |
| Re: Crypto Currency Investors Thread by SINisSIN(m): 8:07am On Dec 06, 2024 |
Go girl! Massive 💵 for you. Chully01: |
| Re: Crypto Currency Investors Thread by seanwilliam(m): 8:12am On Dec 06, 2024 |
Chully01:Just like person wey dey find pikin ![]() |
| Re: Crypto Currency Investors Thread by Chully01(f): 8:14am On Dec 06, 2024 |
seanwilliam:Pikin are too expensive ![]() Mk I find money first,me sef be pikin ![]() |
| Re: Crypto Currency Investors Thread by seanwilliam(m): 8:21am On Dec 06, 2024 |
I don’t think anyone serious with crypto should be surprised or scared of this dip, come on you survived June, July and August crash. This is nothing. Besides , alts no really bleed much. Here’s what gonn happen, It’s either this bull takes me out of the trenches or sends me to the deepest part of trenches. ![]() I just pray for a massive crash before Xmas, by then I hope I go don see buyer for my little properties. Make I load up like my life depends on it. . Illegend I sight you , God bless you and others holding down the thread.. |
| Re: Crypto Currency Investors Thread by seanwilliam(m): 8:27am On Dec 06, 2024 |
CaveAdullam I see you o ![]() |
| Re: Crypto Currency Investors Thread by sweetveek(m): 8:53am On Dec 06, 2024 |
Chully01:maybe by January or February considering this month is bullish |
| Re: Crypto Currency Investors Thread by sweetveek(m): 8:55am On Dec 06, 2024 |
The feeling you get seeing your coin on top gainer ![]() |
| Re: Crypto Currency Investors Thread by Chully01(f): 9:31am On Dec 06, 2024 |
sweetveek:Chai I'm so jealous ehnn Make una help me.pray for rune oo |
| Re: Crypto Currency Investors Thread by twosquare(m): 9:47am On Dec 06, 2024 |
LPT ![]()
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| Re: Crypto Currency Investors Thread by megawealth01: 9:51am On Dec 06, 2024 |
![]() sweetveek: |
| Re: Crypto Currency Investors Thread by twosquare(m): 9:58am On Dec 06, 2024 |
LPT...the blocks above it, if it breaks that hard resistance, it will run hard to 40...
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| Re: Crypto Currency Investors Thread by Ojemedad: 11:26am On Dec 06, 2024 |
BTC to alts: So last night I slipped and you all didn’t even moved? Now watch I will show who is the boss ![]() |
| Re: Crypto Currency Investors Thread by harry2sexy(m): 12:05pm On Dec 06, 2024 |
Naira at N1500. 😅😅😅. Illegend when i write my auto biography, your name will definitely be there. Before I'll be panicking and selling at loss, now I'm buying at every 20% dip till it comes to N750. Good thing is that i divided my small salary into 10k, 20k, 40k, 80k. Let's see if I'll get to 80k😅😅😅 |
| Re: Crypto Currency Investors Thread by lrman(m): 12:13pm On Dec 06, 2024 |
Don't be fooled , usdt generally is bearish , hence why you see naira coming down , don't be fooled and think tinubu government made it happen , it is the usdt that is weak..it has nothing to do with naira or nigeria..currencies against usdt will be stronger at the moment and not just naira.. Secondly , during december there seems to be significant inflow of dollars from abroad and every family will want to send money home to their loved ones , the inflow should stop by january |
| Re: Crypto Currency Investors Thread by harry2sexy(m): 12:20pm On Dec 06, 2024 |
lrman:That's why a wise man will mop every dip and wait till like march. As GraceGlory will say, i am not a Gambler |
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