₦airaland Forum

I want the market to take me out on this $Doge 2x long trade so I can get a better position for altcoin......... sha the market dy always go against me

No be so i.Legendd dy do am

More food for thought ...

Position for some run

We have holidays! Next week

So market can easily reverse today - Sunday

We are highly bullish

I’ll be looking to take positions on FTT and TRX respectively on futures

I asked GPT two crucial questions.

List the months major correction happened in 2012, 2016, 2020 and 2024 and their percentages as long as they're at least 9%.

These years are called Relax Year.

Here’s a list of major corrections (≥9%) in the cryptocurrency market for 2012, 2016, 2020, and 2024, including the months and approximate percentage drops:

2012: Major Corrections

1. August 2012: 
   Event: Bitcoin Savings and Trust Ponzi scheme collapse. 
   Drop: -35% 
   Details: BTC fell from around $15 to $9.75 as trust in the ecosystem was shaken. 

2. November 2012: 
   Event: Pre-halving selloff due to miner uncertainty. 
   Drop: -10% 
   Details: BTC dropped from $13 to around $11.75, but the market quickly recovered after the halving. 

2016: Major Corrections

1. January 2016: 
   Event: Market correction after 2015’s late rally. 
   Drop: -20% 
   Details: BTC dropped from $430 to $350 within a month. 

2. August 2016: 
   Event: Bitfinex hack. 
   Drop: -28% 
   Details: BTC plunged from $650 to $470 in a matter of days. 

3. October 2016: 
   Event: Pre-election volatility in global markets. 
   Drop: -10% 
   Details: BTC dipped briefly from $630 to $570 before resuming its upward trend. 

2020: Major Corrections

1. February–March 2020: 
   Event: COVID-19 global market crash. 
   Drop: -56% 
   Details: BTC dropped from $10,500 in mid-February to a low of $4,000 by mid-March. 

2. September 2020: 
   Event: DeFi bubble correction and regulatory fears. 
   Drop: -18% 
   Details: BTC fell from $12,000 to $9,800. 

3. November 2020: 
   Event: Pre-election jitters and profit-taking. 
   Drop: -10% 
   Details: BTC briefly corrected from $16,500 to $14,800. 

2024: Major Corrections (So Far)

March-August dump 2024: 
   Event: Overbought and 6 months consolidation.
   Drop: ≈ 35%
   Details: $26k off 74k ($48k)


Question 2:[b]

[b]What about 2013, 2017, and 2021?

These years are called Sell Year. From the answer here, we'll deduce how 2025, another sell year, will pan out.

Here’s a breakdown of major corrections (≥9%) in the cryptocurrency market during 2013, 2017, and 2021, focusing on months and approximate percentage drops:

2013: Major Corrections

1. April 2013: 
   Event: Bitcoin flash crash after a sharp rally. 
   Drop: -83% intraday, -50% sustained 
   Details: Bitcoin reached a peak of $266 but crashed to $54 within hours due to panic selling and overloaded exchanges. 

2. June 2013: 
   Event: Market correction post-recovery from April crash. 
   Drop: -30% 
   Details: BTC fell from $140 to around $100. 

3. December 2013: 
   Event: China banned financial institutions from handling Bitcoin transactions. 
   Drop: -50% 
   Details: Bitcoin fell from its all-time high of $1,200 to around $600. 

2017: Major Corrections

1. June 2017: 
   Event: ICO bubble concerns and profit-taking. 
   Drop: -37% 
   Details: BTC fell from $3,000 to $1,900 before rebounding. 

2. September 2017: 
   Event: China’s ICO ban and exchange crackdown. 
   Drop: -40% 
   Details: Bitcoin dropped from $5,000 to $3,000 before resuming its bull run. 

3. December 2017: 
   Event: Bitcoin’s first significant bull market top. 
   Drop: -45% by end of the month 
   Details: BTC fell from its peak of nearly $20,000 to around $11,000. 

2021: Major Corrections

1. May 2021: 
   Event: China’s crackdown on mining and Elon Musk’s comments on Bitcoin’s environmental impact. 
   Drop: -50% 
   Details: Bitcoin dropped from $60,000 to $30,000. 

2. September 2021: 
   Event: Chinese ban on cryptocurrency transactions. 
   Drop: -23% 
   Details: Bitcoin fell from $52,000 to $40,000. 

3. November 2021: 
   Event: Start of the bear market after the bull market peak. 
   Drop: -17% by month-end 
   Details: BTC dropped from $69,000 to $57,000, marking the beginning of a prolonged downtrend.


The lesson I found is, in relax year, in August or JAS months (July, August or September) or any sad month, expect at least 28-30% correction.

In sell year, expect 30-50% correction. This is to say, divide the top price of BTC by 2 and expect the answer to be the worst scenario.

That'll be 108/2 = 54k. That is the worst case scenario. (anything lower is black swan)

What of second worst case? It's 40% and it's 64,800.

What of the third worse case scenario? It's 30% off 108k and that is $75,600.

What of best case scenario correction? It's 20% of $86,400.

There you have it, 2025's scenarios.

The worst case $54k
The second worst $64.8k
The third worst $75.6k
The best case scenario $86.4k

Pray for the best, prepare for the worst and purchase the best vetted coins at the right time and at the right season.

A good strategy and knowing the season we're in, the catalysts that trigger pumps or corrections and time of the market will keep you safe. Sometimes, people that play it safe, but don't factor in the worst case scenarios do get hurt too.

Yes, I know it can be painful when people are losing money and someone is busy posting long epistles.

If you want me to stop, click share. If you don't mind, click like.

Alexas58:
Position for some run

We have holidays! Next week

So market can easily reverse today - Sunday

We are highly bullish

I’ll be looking to take positions on FTT and TRX respectively on futures

Take position with which money

So I finally liquidated my future trading account....
140 dollar gone ...Minus hundreds I lost earlier
No cash for future anymore....
The left cash is in spot....and no wizard will convince me to remove it from spot
Futures...byebye... ire o..time to face offline hustle and be serious with my life
11 days till the end of the year, I can still meet up one resolution if I go offline

crypto will rubbish ur mental health

PeterObi4Presid:
Take position with which money

If you bliv in my work and you want me to alert you when I want to take a position on my next futures trade

Let me know now

Alexas58:
If you bliv in my work and you want me to alert you when I want to take a position on my next futures trade

Let me know now

Which work..where is ur work?
Most Crypto analyst are just speculators, who are correct 20-30% of time but fail 70-80 % of time
.
I'm beginning to believe that no lay man or person can make sustainable wealth with futures
.
It's like the moment u make money with futures, the whole universe starts to conspire to plunder it back from ur account...and universe most often win
.
The only thing I've learned so far from crypto is Have extreme Patience, I mean maintain iron level stoicism then have zero greed, and master ur chart.......ur chart can only benefit u if u have zero greed and extreme patience that can cook a stone....and remove emotions even when ur leverage is printing dollar at a fast speed....cos it's in twinkle of an eye u can begin to sink into that emotional cascade that usually last and end till after u blow up ur future balance....den eyes go clear.
.
I made 480 dollars of profit earlier....lost everything, and lost another 140 today...part of my capital...I'm done with futures.

PeterObi4Presid:
Which work..where is ur work?
Most Crypto analyst are just speculators, who are correct 20-30% of time but fail 70-80 % of time
.
I'm beginning to believe that no lay man or person can make sustainable wealth with futures
.
It's like the moment u make money with futures, the whole universe starts to conspire to plunder it back from ur account
.
The only thing I've learned so far from crypto is Have extreme Patience, I mean maintain iron level stoicism then have zero greed, and master ur chart.......ur chart can only benefit u if u have zero greed and extreme patience that can cook a stone....and remove emotions even when ur leverage is printing dollar at a fast speed....cos it's in twinkle of an eye u can begin to sink into that emotional cascade that usually last and end till after u blow up ur future balance....den eyes go clear.
.
I made 480 dollars of profit earlier....lost everything, and lost another 140 today...part of my capital...I'm done with futures.

I love this!

Now watch, I am not a spectator!

I’ve told you that I am looking to enter position on either FTT or TRX on futures!

I’ll post outcome here, if I’m profitable or not, because I’ll be working with a stop loss


You’ve missed ur chance

In my opinion,spot trading is the best.....you can make money though slow and steady. Futures is like a double edge sword that can make u rich at the same time make u broke. I can only trade futures with spare money.....money that I am prepared to lose if things go south.The rest of my capital is in spots. Spots market is relatively the safest market in the world. Know this and know peace.

PeterObi4Presid:
So I finally liquidated my future trading account....
140 dollar gone ...Minus hundreds I lost earlier
No cash for future anymore....
The left cash is in spot....and no wizard will convince me to remove it from spot
Futures...byebye... ire o..time to face offline hustle and be serious with my life
11 days till the end of the year, I can still meet up one resolution if I go offline

crypto can rubbish ur mental health

PeterObi4Presid:
Which work..where is ur work?
Most Crypto analyst are just speculators, who are correct 20-30% of time but fail 70-80 % of time
.
I'm beginning to believe that no lay man or person can make sustainable wealth with futures
.
It's like the moment u make money with futures, the whole universe starts to conspire to plunder it back from ur account...and universe most often win
.
The only thing I've learned so far from crypto is Have extreme Patience, I mean maintain iron level stoicism then have zero greed, and master ur chart.......ur chart can only benefit u if u have zero greed and extreme patience that can cook a stone....and remove emotions even when ur leverage is printing dollar at a fast speed....cos it's in twinkle of an eye u can begin to sink into that emotional cascade that usually last and end till after u blow up ur future balance....den eyes go clear.
.
I made 480 dollars of profit earlier....lost everything, and lost another 140 today...part of my capital...I'm done with futures.

U SEE DAT TRADE CALLED FUTURES, IS LIKE VIRTUAL SOCCER. YES IS PROFITABLE, BUT IF U ARE NOT BEING CAREFUL NA TRENCHES PRO MAX.
PATIENCE IS KEY IN CRYPTO. AIN'T MOVING OUT OF SPOT EVEN IF IT'S TAKES 3-4 YRZ FOR MY COINS TO PUMP I WILL WAIT BECAUSE I'M NOT DESPERATE

toniotonero:
U SEE DAT TRADE CALLED FUTURES, IS LIKE VIRTUAL SOCCER. YES IS PROFITABLE, BUT IF U ARE NOT BEING CAREFUL NA TRENCHES PRO MAX.
PATIENCE IS KEY IN CRYPTO. AIN'T MOVING OUT OF SPOT EVEN IF IT'S TAKES 3-4 YRZ FOR MY COINS TO PUMP I WILL WAIT BECAUSE I'M NOT DESPERATE

After waiting 3/4 years and then they delist your coin in the 5th year, what will u do?

I know tokens that since 2020, they have not pumped from their dump

They’ve been dumping since 2020

Omo see how tensed and sad everywhere is upon say Christmas na next week.
Abeg if you see me for your house on Wednesday,pity me and give me rice
Crypto don too rough handle me 😭

Alexas58:
I love this!

Now watch, I am not a spectator!

I’ve told you that I am looking to enter position on either FTT or TRX on futures!

I’ll post outcome here, if I’m profitable or not, because I’ll be working with a stop loss


You’ve missed ur chance

You want to use peanut to long and another peanut to short same coin then show us screenshot of the successful one

OgogoroFreak:
You want to use peanut to long and another peanut to short same coin then show us screenshot of the successful one

Hedging is not allowed in trading

Once btc forms a base I’ll get in

For now… I’m watching by the sidelines

I have deployed 50% of my USDT into the market. If it dips more, I will keep DCAing.

Selling off all my Spot holdings last Sunday was the best decision.

Alexas58:
Hedging is not allowed in trading

Once btc forms a base I’ll get in

For now… I’m watching by the sidelines

Hedging is not allowed in trading? Omooooo, happy for you that you still have newbies that listen to your crap sha.

harry2sexy:
Hedging is not allowed in trading? Omooooo, happy for you that you still have newbies that listen to your crap sha.

Let’s educate another clown who wants cheap attention

Alexas58:
Let’s educate another clown who wants cheap attention

K

harry2sexy:
K

Now, let’s make the clown look funny, since the reason we are trading is to make money

Alexas58:
Now, let’s make the clown look funny, since the reason we are trading is to make money

And are we talking about forex hedging here ?? Mumu

This is a crypto thread. , not a forex thread...so get lost

lrman:
And are we talking about forex hedging here ?? Mumu

This is a crypto thread. , not a forex thread...so get lost

Clown!

The general term is trading

Now, lemme educate you

We have forex trading
Crypto trading
Commodities Trading
Stock trading

I can trade all

So cry more tears

Alexas58:
Now, let’s make the clown look funny, since the reason we are trading is to make money

K, thanks Mentor, I've learnt alot from you

iLegendd:
I decided to talk about number 10, which is actually my number 1 or at least, number 2.

10. Finally, no, let me keep this one for another day.

Okay, let me expose it even though I have done it in the past. I know a lot of people have forgotten. It's supposed to be number 1, but I don't want lazy readers to see it.

Take a pen and write this down.

1. I enter Coinmarketcap app and click on top 100 or some times, top 200.
2. Then, I click on BTC pair, not USDT.
3. Now, I go through all the coins there using the 1 month timeframe looking for the ones that just recently double bottomed on their BTC pair. Forget about the chart or price of their USDT pair — it's irrelevant.
4. And the moment I see them, boom, I run instant routine check on the coin's health, momentum and if it has a big team or community/fanbase and if yes, buy immediately.

Currently, as I type this, I just spotted AR, ICP and a host of others that just double bottomed or "almost" on their BTC pair and I have bought some a few minutes ago at $17 for AR, $10 for ICP, etc.

Does this mean they won't go down further? Of course they "may" when BTC crashes more this month or first quarter of 2025.

But bottoming on the monthly timeframe on their BTC pair is a huge deal and a secret OGs hide from newbies. It's a money making secret. If you spot them and start DCA'ing into those coins, you're ahead of the game.

You're front-running everyone and if the coin has an update, upgrade or a big news coming up, it makes the pump that'll happen more parabolic.

This is like using the backdoor to catch top 100 coins that'll pump heavily when alts have a chance to breathe.

This is the best read I have ever read in crypto.

Please write a book on crypto

I'm a newbie, as a matter of facts an airdrop hunter, na notcoin make me enter crypto, since April of this year and I want to stay.

I went online few weeks ago, if I can get a book on crypto to read as I need to learn alot of things, I couldn't find none

I understand some of the things you explain about time in crypto and this research analysis you just made about BTC season and ALT season, they are so profound.

Lastly I will be grateful, you can take your time to advise me as a 28 years old Nigerian graduate that just finish Nysc.

I desire to make money in dollars

My strategy before now, is to hunt airdrops, make money from it, then pay and learn cybersecurity, the look for foreign client to work for. This is my goal for next year

Please advice from your knowledge, wisdom and experience.

Thank you

harry2sexy:
K, thanks Mentor, I've learnt alot from you

Lmao...that is a good way to respond to that clown...

harry2sexy:
K, thanks Mentor, I've learnt alot from you

😂

Legendary! 😆

Alexas58:
Clown!

The general term is trading

Now, lemme educate you

We have forex trading
Crypto trading
Commodities Trading
Stock trading

I can trade all

So cry more tears

This guy is a pure nuisance and the black sheep in this thread…
All he knows is to blow trading terms with zero evidence…
Carry your forex demo account for this thread, we don’t need you…

Only a fool will fall for your trick of $20!

You’ve contributed nothing positive here only to cause nuisance up and down, and attacking those that have sth tangible to contribute

atom080:
This guy is a pure nuisance and the black sheep in this thread…
All he knows is to blow trading terms with zero evidence…
Carry your forex demo account for this thread, we don’t need you…

Only a fool will fall for your trick of $20!

You’ve contributed nothing positive here only to cause nuisance up and down, and attacking those that have sth tangible to contribute

Why spit Dey comot from your mouth as you dey talk?

All my life I've never seen someone boldly defend ignorance but i did see it here... Wow!

Alexas58:
Hedging is not allowed in trading

Once btc forms a base I’ll get in

For now… I’m watching by the sidelines

Ilegendd have made made the truth know that when two person fight, it’s person that has nothing to lose that will win… that is y he backed down from engaging you further…

Same thing applies here,, if you like attack and insult me, I have nothing to lose but I promise it’ll not go well with you..

Anytime you post that your rubbish $20 bait,, I’ll instantly follow it up and post a scam disclaimer on it.
If you post any trading tips, I’ll rubbish it…

Mind you, I have nothing to lose.. you can come up with your insult as usual, I’m ready for you..


nairaland admin should find a way to block some certain ppl from a thread…

This guy is a pure nuisance!

AN EMPTY BARREL THAT MAKES THE LOUDEST NOISE IN THE THREAD…


Stop posting your forex shit here, don’t attack those who are here for the job. And don’t post your hungry $20 post