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Crypto Currency Investors Thread - Investment (33) - Nairaland

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Re: Crypto Currency Investors Thread by condomuser: 7:15pm On Jan 25, 2021
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Re: Crypto Currency Investors Thread by SavageResponse(m): 7:35pm On Jan 25, 2021
jasp12:
@jedisco @flyheight and others

How about creating a telegram group so discussion can be done more freely?

Is there anything hampering discussions here?

Why do you want to take discussions to the 'backyard'? angry

9 Likes

Re: Crypto Currency Investors Thread by Nobody: 7:58pm On Jan 25, 2021
Omo 24k plus just to buy Ethy and then sell dame Ethy. Its d most expensive coyn i think. A whole 24k plus angry i no do ethy again
Re: Crypto Currency Investors Thread by DenreleDave(m): 8:00pm On Jan 25, 2021
bradwilli:
Omo 24k plus just to buy Ethy and then sell dame Ethy. Its d most expensive coyn i think. A whole 24k plus angry i no do ethy again

Ethy is not 24k plus...
Re: Crypto Currency Investors Thread by Nobody: 8:01pm On Jan 25, 2021
DenreleDave:


Ethy is not 24k plus...
i mean charges to buy and then when i just sold it. I bought at 630k and i panicked and sold today and 12k plus was charged. Do you get me now?
Re: Crypto Currency Investors Thread by solreb: 9:02pm On Jan 25, 2021
ApostleBlack:
@Jedisco, @Flyheight and everyone

Good day,
Please kindly enlighten me on how to buy XRP% on binance via bank transfer.

I tried P2P but XRP isn't among the stated crypt0, the other means i saw, payment is through card. Kindly help.

Thanks.
I have trade XRP on Binance a coupe of times. I was out at N134 yesterday. Have set to buy at N130 again. Deposit your cash into Binance by bank transfer and click on Buy Crypto (select Cash balance). Then set to buy either market or limit. Good luck

3 Likes

Re: Crypto Currency Investors Thread by jedisco(m): 9:49pm On Jan 25, 2021
afroxyz:


Bros. On the weekly and daily charts (for BTC) we are having lower lows. Also MACD is showing increase sellers . RSI is over bought zones. All this are indicative of a downward slide.

The only thing that can push BTC past the 40k mark (in the ahort tetm) would be stimulus cheques. But if you are taking a year long view, BTC would perform very well. But now is the rime to take some profit and wait on the sidelines.

Let's see how it plays out. That's the beauty of trading
Yeah, we have had lower highs on the daily but the 30k level has been respected so far.

In charting the HTF, I prefer to keep it simple. Treat support as support until it's lost and resistance as resistance until claimed. I'm not as bothered as the stimulus per se.... These things flow in patterns.

This bullrun has been more bullish than the last. Dips haven't been as deep which is surprising. People are confident of a deeper pullback.


Most folks think Betece can dip to 20k, fill their bags and reverse. Except it's able to do that all that in a day but holding 30k as resistance wouldn't be easy to break and may mean further downside. See how difficult it is to break 36k which was a previous support.

I'd say it's unlikely betece breaks 30k without first taking the highs. Let's see how it goes and how the daily closes

RSI is tricky in a bull run. It's much easier to interpret in a bear market

1 Like

Re: Crypto Currency Investors Thread by jedisco(m): 9:56pm On Jan 25, 2021
IsabiTheWork:
Good morning everyone.

Please I need the advice of the senior men in the house.

I traded cypt0 in the past but had to stop (due to a compulsive gambling addiction), but I'm looking to enter the scene once more. Do you think now is a good time to buy? I was stunned when I saw Beteec sold for over 30k. Something lots of my friends bought under a millionaire back in 2016.

I plan on buying $6000 worth of beeteec (I'm in for the long haul). I know the risks involved, but I just wanted opinions from those currently trading/holding.

Thank you.

Stay safe.

It's difficult to say where the market is but most folks who keep waiting for the perfect dip end up chasing higher prices. No one can be certain of the exact bottom and top

If I had 6k to invest, I'd buy 1k at this price and see how price develops overtime. I prefer to ladder in longterm buys.

2 Likes

Re: Crypto Currency Investors Thread by jedisco(m): 10:16pm On Jan 25, 2021
bradwilli:
Omo 24k plus just to buy Ethy and then sell dame Ethy. Its d most expensive coyn i think. A whole 24k plus angry i no do ethy again

Where are you charged such rates?
Re: Crypto Currency Investors Thread by jedisco(m): 10:24pm On Jan 25, 2021
condomuser:
...

A lot of folks don't understand what it is and that goes for those who trade it and don't.

The value of an asset at a time is based on what people are willing to pay for it.
We've seen our initial bubble of 2017. The fact that within 4 years it's gone on to surpass the peak of that bubble shows where it's going. See the timeframe it took from most internet based companies to reach their dot com bubble valuation before it topped.

The underlying value of the asset is what's driving this run
Re: Crypto Currency Investors Thread by ApostleBlack(m): 10:52pm On Jan 25, 2021
solreb:

I have trade XRP on Binance a coupe of times. I was out at N134 yesterday. Have set to buy at N130 again. Deposit your cash into Binance by bank transfer and click on Buy Crypto (select Cash balance). Then set to buy either market or limit. Good luck

Thank you
Re: Crypto Currency Investors Thread by elmas(m): 11:33pm On Jan 25, 2021
solreb:

I have trade XRP on Binance a coupe of times. I was out at N134 yesterday. Have set to buy at N130 again. Deposit your cash into Binance by bank transfer and click on Buy Crypto (select Cash balance). Then set to buy either market or limit. Good luck
U daily trade boss?
Re: Crypto Currency Investors Thread by Nobody: 11:43pm On Jan 25, 2021
jedisco:


Where are you charged such rates?
i have no real idea. Probably because i bought at a high price and sold high. I just dont know. Luno never respond to emails. Why i had to withdraw what i could and use quidax from now on. I think it is 2% fee for E th buy or sell on Luno
Re: Crypto Currency Investors Thread by jedisco(m): 12:06am On Jan 26, 2021
bradwilli:
i have no real idea. Probably because i bought at a high price and sold high. I just dont know. Luno never respond to emails. Why i had to withdraw what i could and use quidax from now on. I think it is 2% fee for E th buy or sell on Luno

Likely you used a market order. Luno charges extra for market orders
Re: Crypto Currency Investors Thread by kings11ng(m): 1:37am On Jan 26, 2021
luvlyoracle:
The limit option apply when you want to trade currencies.
As for deposits, there is a flat rate of 300naira on luno and 150 on binance app through cash transfer.
I hope i answered your question well..maybe the elders could throw More light.

I am talking about buying betecee when I must have deposited through bank transfer
Re: Crypto Currency Investors Thread by kings11ng(m): 1:40am On Jan 26, 2021
solreb:

I have trade XRP on Binance a coupe of times. I was out at N134 yesterday. Have set to buy at N130 again. Deposit your cash into Binance by bank transfer and click on Buy Crypto (select Cash balance). Then set to buy either market or limit. Good luck

Will there be a charge after buying through market or limit?

1 Like

Re: Crypto Currency Investors Thread by Nobody: 7:27am On Jan 26, 2021
jedisco:


Likely you used a market order. Luno charges extra for market orders
pls which is market order. I just buy and sell directly. Imagine losing 24k. That would have been a good gain for me in my account.
Re: Crypto Currency Investors Thread by DenreleDave(m): 7:29am On Jan 26, 2021
bradwilli:
pls which is market order. I just buy and sell directly. Imagine losing 24k. That would have been a good gain for me in my account.

Chai.. Very bad.... Honestly

1 Like

Re: Crypto Currency Investors Thread by Nobody: 7:30am On Jan 26, 2021
DenreleDave:


Chai.. Very bad.... Honestly
Sad my man. Sad!
Re: Crypto Currency Investors Thread by DenreleDave(m): 7:32am On Jan 26, 2021
bradwilli:
Sad my man. Sad!

I wish someone can help with idea abt how to buy and sell from luno without being charged exorbitant fee
Re: Crypto Currency Investors Thread by jedisco(m): 8:14am On Jan 26, 2021
afroxyz:


Bros. On the weekly and daily charts (for BTC) we are having lower lows. Also MACD is showing increase sellers . RSI is over bought zones. All this are indicative of a downward slide.

The only thing that can push BTC past the 40k mark (in the ahort tetm) would be stimulus cheques. But if you are taking a year long view, BTC would perform very well. But now is the rime to take some profit and wait on the sidelines.

Also, to add yesterday's candle wasn't a nice one... Typical reversal pattern after a rejection from 35k. Seems we're stuck between 30 and 35k and looking for which one would give way first... Let see how it resolves
Re: Crypto Currency Investors Thread by Nobody: 8:23am On Jan 26, 2021
DenreleDave:


I wish someone can help with idea abt how to buy and sell from luno without being charged exorbitant fee
i am still hurt with that. 24k plus would have done so much for me right now bro. We need help
Re: Crypto Currency Investors Thread by afroxyz: 8:45am On Jan 26, 2021
jedisco:


Also, to add yesterday's candle wasn't a nice one... Typical reversal pattern after a rejection from 35k. Seems we're stuck between 30 and 35k and looking for which one would give way first... Let see how it resolves

Yeah. Trading in that range for the last 3 weeks. Just hope it doesnt break the 30k mark else it may go to 24k. Dont think it would get to 20k though. But there is still significant upside to the King. Institutional investors are pouring in. Digital banks cropping up (SEC just approves one) while there are filings for bitcoin ETF. Perhaps Wall Street is trying to game the retailers. Nice analysis though
Re: Crypto Currency Investors Thread by Nobody: 9:07am On Jan 26, 2021
jedisco:


It's difficult to say where the market is but most folks who keep waiting for the perfect dip end up chasing higher prices. No one can be certain of the exact bottom and top

If I had 6k to invest, I'd buy 1k at this price and see how price develops overtime. I prefer to ladder in longterm buys.

Thanks.
Re: Crypto Currency Investors Thread by jedisco(m): 9:07am On Jan 26, 2021
afroxyz:


Yeah. Trading in that range for the last 3 weeks. Just hope it doesnt break the 30k mark else it may go to 24k. Dont think it would get to 20k though. But there is still significant upside to the King. Institutional investors are pouring in. Digital banks cropping up (SEC just approves one) while there are filings for bitcoin ETF. Perhaps Wall Street is trying to game the retailers. Nice analysis though

The thing about trading is that whatever side you choose, it would test your resolve. That's why I prefer to look at the HTF cos smaller timeframes can chew one both ways. If it loses 30-31k on the 4hrly, I'd be interested in entering at the 21 weekly EMA which currently sits around 22.5k. 30k has been a strong support and should hold as a strong resistance once lost. There are lots of support clusters under 30k hence my looking at the 21 weekly EMA which has not been retested for sometime.
Re: Crypto Currency Investors Thread by Jerry59: 9:08am On Jan 26, 2021
bradwilli:
i am still hurt with that. 24k plus would have done so much for me right now bro. We need help
I feel some pain when i see things like this despite advice not to buy and sell with market order. This has been said couple times but y'all keep doing the wrong thing angry

Buy with Limit order!

3 Likes

Re: Crypto Currency Investors Thread by Kealmin(m): 9:24am On Jan 26, 2021
pls I tried depositing on my binance account but with what they are showing it seem I would have to go to my bank to do it. PLS is there anyway I can deposit using my ATM card or mobile app
Re: Crypto Currency Investors Thread by Nobody: 9:30am On Jan 26, 2021
Jerry59:
I feel some pain when i see things like this despite advice not to buy and sell with market order. This has been said couple times but y'all keep doing the wrong thing angry

Buy with Limit order!
the thing is how do i set market order
Re: Crypto Currency Investors Thread by TheEnlightenedO(m): 9:31am On Jan 26, 2021
bradwilli:
i mean charges to buy and then when i just sold it. I bought at 630k and i panicked and sold today and 12k plus was charged. Do you get me now?

Boss how are you selling this thing? Cuz I don’t understand how you’re paying that much. PM me a screenshot of this particular transaction abeg let me see what exactly you’re doing cuz it makes no sense... I have never paid up to 8k in fees on Lino, even when I liquidated my largest take for this particular year at almost 50mill I didn’t pay 1 kobo

1 Like

Re: Crypto Currency Investors Thread by TheEnlightenedO(m): 9:32am On Jan 26, 2021
bradwilli:
the thing is how do i set market order

Market order would charge you a standard 0.1% and even that isn’t up to 24k
Re: Crypto Currency Investors Thread by TheEnlightenedO(m): 9:32am On Jan 26, 2021
Kealmin:
pls I tried depositing on my account but with what they are showing it seem I would have to go to my bank to do it. PLS is there anyway I can deposit using my ATM card or mobile app

Try the bank transfer option it should be possible without going to the bank
Re: Crypto Currency Investors Thread by TheEnlightenedO(m): 9:34am On Jan 26, 2021
Jerry59:
I feel some pain when i see things like this despite advice not to buy and sell with market order. This has been said couple times but y'all keep doing the wrong thing angry

Buy with Limit order!

Even if he buys with market order, except he is selling 24m worth of ethy he shouldn’t be paying 24k in fees

1 Like

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