₦airaland Forum

Are we going low? If so how low will it be before February 14?

GRACEGLORY:
As of today, BTC trades around $69K–$70K, if you took that small profits, thumb up.

megawealth01:
It seems it will dump really hard ba?

How low will it go this time?

I’m waiting @$66-67K, EXCEPT if CLARITY BILL with the bankers sparks a sudden reversal.

megawealth01:
Are we going low? If so how low will it be before February 14?

You be asking questions like I’m genie, bro. C’mon man 😂

megawealth01:
Let me start taking notes bro

Please do my bro. Ever since I started paying attention to it, I’ve discovered that unlike btc which the major thing you need is patience, two things, to some extents guarantee profit on alts
1. Entry: no matter your skill and patience if you miss good entry, you’re on a long thing. Your success here is dependent on entry.
2. Hype: a coin doesn’t even need to be useful to give you profit, you just need to ride on the momentum..


Now because most people will miss out the two tricks it’s while it’s advisable to stick to btc which the major thing you need is just patience.

GRACEGLORY:
I’m waiting @$66-67K, EXCEPT if CLARITY BILL with the bankers sparks a sudden reversal.

Support: $60-64k

GRACEGLORY:
You be asking questions like I’m genie, bro. C’mon man 😂

As chatgpt don't have answers I have to ask my oga

GRACEGLORY:
Support: $60-64k

CHAI.... Wahala dey sha... If we test that 60k again omo na real wahala sha...

I pity altcoins small sha

megawealth01:
As chatgpt don't have answers I have to ask my oga

Lol…You must have converted mega NSEMPA money into cryptó ooooh.

We don miss you on the other side…Leave express and Come back to your lane.

Old

twosquare:
Prepare!

Modified

megawealth01:
Old

Dried land, those who short at 126k are smiling to the bank.

michealewela:
Dried land, those who short at 126k are smiling to the bank.

Depends on the leverage. At 2x, it's just 100% profit.

At 500x, then we're talking but liquidity sweep of 127k would have nuked the trader.

That's why this trading thing, patience is number 1 tool.

Holding a trade for over 5 months is not moi moi

Mazinewmoney:
Boss SLP will do wonders and it will reach $1. I'm confident in that coin and I'm holding it until 2025 unless it reaches the $1 mark before then

Mazinewmoney

No be small 1 dolls

who know where this guy de again abeg

SLP go don send am go village

Superpack589:
I can't do this anymore abeg e. I just lost all the money I used to invest in this crypto market. It happened first week of December when Bitcoin pumped. I was busy shorting the market. My heart was always racing like it wanted to explode. I don't know how I managed to enter the industry at such a wrong time.


I don't just know what came over me. And the money was even a loan o. Now I have to pay for 12 months from my salary and the interest is high.

I see people mocking somebody who just died because of 2.5 million. That's not even up to how much I lost. My heart almost failed me too. Some of you here have become so used to losing huge money that's why it does not move you. I takes years to develop that kind of big heart and not everybody can survive that lifestyle.

Yesterday, I tearfully withdrew the remaining $120 from the $1500 I enthusiastically deposited into my account in early December. Now I have decided to focus on my writing career.

This was not what I planned o. When I took that loan, I thought I would pay everything in a month and still have enough money to splash around during Christmas. Chai. I had big expectations. But I lost everything in less than a month. What a bad luck.

Crypto is not the only thing that can make somebody rich jare. It looks easy but is very hard. If not greed, why will somebody put in a particular amount and be expecting 100% profit in a few minutes or hours. This greed particularly took over me and impatience made it worse. Sometimes I would make profit but I wanted the profit to increase and then I would watch it go down again until I am losing and will then go and cancel the trade to prevent further loss. I was such a phool. I watched hundreds of dollars getting swallowed continously. And I was trading very aggressive-moving assets like 1000Bonk, 1000Lunc and Matic which even made the loss faster with their rapid movements. I started to feel the market was particularly against me. I felt somebody was looking at me and just directing the nets to catch me. I started looking at everything with suspicion.


I was angry with everybody. I was angry with myself, my family, I was even angry with God for what I did to myself o. I just ask God for forgiveness. It affected my relationship and career so much. I almost resigned o because I thought I would be rich soon. That would have keeled me.

I wish we could rewind time so I can undo this financial hole I just put myself.

I still bear a grudge for this crypto market and I believe one day I will come back to take back all my money it has swallowed. Or not

Chai!
Sorry my brother ooo

See the post

https://www.nairaland.com/6318352/crypto-currency-investors-thread/3398

twosquare:
I can use x100 and x200, But it takes some mastery, good call, entry and analysis of where it will reach, bounce, and TP.

Using high leverages like this is not recommended for Isolated if you don't have enough capital you can add to margin to drive price down.

That is why most use Cross. I can trade $500 on Bitcoin with 300$ account and use x50, and liquidation price will be $12k or 20ks if I use x100, etc...all the while using only $10 to achieve this.

But any silly mistake with Cross will liquidate all your assets on that account.

That's why any newbie using this should not try it, coz it is dangerous if you don't know what you are doing, both TA and PA.

Using Cross with shitcoins...bye bye.

It’s really nice to revisit old
Post.

So you mean you use *100 and *200 leverage on your posts!

Wow!

You must be a very good trader

Kudos

Superpack589:
Thank you for the kind words and advice. I am taking down notes. This over leveraging was also an addiction for me. I used 100x leverage to short Bitcoin in one trade. Abeg carry cane beat me. Lol.

Who thought you to be using *100 leverage?

3 years down the line

Are you still using -*100 leverage?

Like ur menthol?

Let newbies learn something new

Say the truth

Is *100 leverage good for trading?

clems88:
The rate at which Solana is going, it could hit $500 during bull run

Loll

megawealth01:
BEARS How low can it go?

The golden rule is "do not try to catch the exact bottom"

I give you few tips...

Tip 1:
Observe key levels, structure and volume.

Tip 2:
Market Psychology

Remember, market tops and bottoms form in fundamentally different emotional and structural environments.

Unlike Tops that are noisy and euphoric, when optimism is at peak, people chasing rally, buying aggressively, breaking previous highs, projecting ever-higher targets, and exhibiting strong FOMO. (This is where beginners buy chasing green candles)

Bottoms are silent and exhausting, they form when faith is gone, no enthusiasm, no buyers, only capitulation, fear and forced selling. It's that point where you begin to here noobs who got bull trapped saying "omo my $200 don remain $20', "Crypto is Scam" "This sh!t is going to zero, am out". (This is where people will rather sell at loss than hold to zero)

Its that point of defeat where people began to move on with their lives, they have bought dips upon dips and no longer have more to buy further dips. Even this thread will get silent and boring, most will leave and never return.

The true bottom is rarely the violent panic candle itself — it's the subsequent slow, boring, low-volatility consolidation where volume behavior changes and patient accumulators quietly enter while the crowd has looked away.

Tops arises from greed and the fear of missing out, its quick, emotional, and crowded.
Bottoms arises from surrender and exhaustion, slow, unattractive, patient, and uncrowded.

You know is bottom area when the crowd is in quiet despair while the OG's silently enters and accumulates.

I was there in 2022, and lessons were learnt.

Gud Nyt Millionaires!

LEARN BITCOIN!

Will it happen this year?

Ewizard:
The golden rule is "do not try to catch the exact bottom"

I give you few tips...

Tip 1:
Observe key levels, structure and volume.

Tip 2:
Market Psychology

Remember, market tops and bottoms form in fundamentally different emotional and structural environments.

Unlike Tops that are noisy and euphoric, when optimism is at peak, people chasing rally, buying aggressively, breaking previous highs, projecting ever-higher targets, and exhibiting strong FOMO. (This is where beginners buy chasing green candles)

Bottoms are silent and exhausting, they form when faith is gone, no enthusiasm, no buyers, only capitulation, fear and forced selling. It's that point where you begin to here noobs who got bull trapped saying "omo my $200 don remain $20', "Crypto is Scam" "This sh!t is going to zero, am out". (This is where people will rather sell at loss than hold to zero)

Its that point of defeat where people began to move on with their lives, they have bought dips upon dips and no longer have more to buy further dips. Even this thread will get silent and boring, most will leave and never return.

The true bottom is rarely the violent panic candle itself — it's the subsequent slow, boring, low-volatility consolidation where volume behavior changes and patient accumulators quietly enter while the crowd has looked away.

Tops arises from greed and the fear of missing out, its quick, emotional, and crowded.
Bottoms arises from surrender and exhaustion, slow, unattractive, patient, and uncrowded.

You know is bottom area when the crowd is in quiet despair while the OG's silently enters and accumulates.

I was there in 2022, and lessons were learnt.

Gud Nyt Millionaires!

LEARN BITCOIN!

Biggest mistake was thinking US banks were supporting clarity act, lmao turns out they're our biggest opps, nevertheless it will pass .

It's inevitable ,once they hash out all the stable coin yields bruhaha,I will look and remember all the shit I took

Steady lads 👌.

Ballzproblem2:
Biggest mistake was thinking US banks were supporting clarity act, lmao turns out they're our biggest opps, nevertheless it will pass .

It's inevitable ,once they hash out all the stable coin yields bruhaha,I will look and remember all the shit I took

Steady lads 👌.

Nawaoh ooooooo

GRACEGLORY:
I’m waiting @$66-67K, EXCEPT if CLARITY BILL with the bankers sparks a sudden reversal.

👌🏽✅

Are we doing lower?

GRACEGLORY:
👌🏽✅

megawealth01:
Are we doing lower?

52k soon dump hard. It is planned February 14 would be worse prepare .

Alphabyte3:
52k soon dump hard. It is planned February 14 would be worse prepare .

JESU

megawealth01:
JESU

I don't understand this guy
I thought your prayer was for the market to dump so u can take position?

You want make i go back to villa abi? Me wey don dey loss on 3 open position. God abeg oo

Alphabyte3:
52k soon dump hard. It is planned February 14 would be worse prepare .

waiting for more dump 🙄🙄🌚🌚🌚

You go wait tire be that oo. So this dump never reach you to enter position abi? lol. See your mouth . Lol

Robnectar:
waiting for more dump 🙄🙄🌚🌚🌚

Jayce242:
I don't understand this guy
I thought your prayer was for the market to dump so u can take position?

Position bawo