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Crypto Currency Investors Thread - Investment (38) - Nairaland

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Re: Crypto Currency Investors Thread by FlyHeight: 2:46pm On Jan 27, 2021
cuteboy2:

Do they refund your money if their exchange gets hacked and your funds are stolen?

Loool I try not to ever be in a position where I need to ask or find out the answer to this question...
Re: Crypto Currency Investors Thread by cuteboy2: 2:46pm On Jan 27, 2021
Now this is really scary.
Gurus in the house, please guide us on how to create linked secure wallet within Binance.

Copy: TheEnlightenedO
Jedisco


FlyHeight:


For by nance I have heard and seen a lot of buzz around lnk and dot, I kinda like them but I’m not so confident with either yet, still observing but they’ve performed so far. But the buzz scares me.

I think Jedisco would have a better idea, as I hardly use the x change however cuz they’ve been hackd multiple times (some of these made the news, others were hushed up to preserve their rep) however it’s the most widely used x change. But I don’t have extreme confidence in their security levels. I never let my money sleep in my acct there, I always move it as soon as I’m done with whatever it is I’m doing on there.
Re: Crypto Currency Investors Thread by FlyHeight: 2:47pm On Jan 27, 2021
DenreleDave:


Aiit thanks.. Maybe I will tell him to move it back to eth since it has a better prospect

Let it be his own personal decision so that he doesn’t say it was your fault... you can give an opinion but let it be his decision to make
Re: Crypto Currency Investors Thread by DenreleDave(m): 2:48pm On Jan 27, 2021
FlyHeight:


Let it be his own personal decision so that he doesn’t say it was your fault... you can give an opinion but let it be his decision to make

Okay sir.. Thank u
Re: Crypto Currency Investors Thread by FlyHeight: 2:50pm On Jan 27, 2021
cuteboy2:
Now this is really scary.
Gurus in the house, please guide us on how to create linked within.

Copy: TheEnlightenedO
Jedisco



My advise would be to always have a secure hardware wallet & a secondary wallet such as b it pay that has a recovery seed. I have recovered many of my forgotten coins using such seeds, nothing pass am.
Re: Crypto Currency Investors Thread by FlyHeight: 2:51pm On Jan 27, 2021
DenreleDave:


Okay sir.. Thank u

I no be sir boss, I be under 29, you could just address me as bro
Re: Crypto Currency Investors Thread by cuteboy2: 3:03pm On Jan 27, 2021
DenreleDave:
. So u think he shud move the fund back to eth?? Or what do u suggest sir??

If he moved his funds to btc as you described it, that means he sold Eth and bought btc. Right?

If so, it means ur friend has already locked in loss in the Eth trade by liquidating in fear or panic. He should have controlled his emotions by holding and observing the market for a few more weeks. Now jumping hastily into BTC when the coin is struggling to find support around 30k is not wise. Because with current market mood and comments by Janet Yellen, it could break below 30k

2 Likes

Re: Crypto Currency Investors Thread by Nobody: 3:11pm On Jan 27, 2021
DenreleDave:
FlyHeight jedisco TheEnlightenedO condomuser


A frnd of mine bought eth for 40k... He realized his gain to 50k that is profit margin of 10k but it fell down again.... Now he is currently at 29k plus... That means he has lost about 11k of his deposit.....

What should he do? Should he just leave it or pull out

Pls others shud help with this too
thats no loss. I put in 1M today on 2 coyn. Imagine my loss right now but i am still patient

1 Like 1 Share

Re: Crypto Currency Investors Thread by cuteboy2: 3:14pm On Jan 27, 2021
FlyHeight:


Loool I try not to ever be in a position where I need to ask or find out the answer to this question...

Baba I'm laughing here also grin. But na question, and I must ask so that men can learn
Re: Crypto Currency Investors Thread by DenreleDave(m): 3:15pm On Jan 27, 2021
cuteboy2:


If he moved his funds to btc as you described it, that means he sold Eth and bought btc. Right?

If so, it means ur friend has already locked in loss in the Eth trade by liquidating in fear or panic. He should have controlled his emotions by holding and observing the market for a few more weeks. Now jumping hastily into BTC when the coin is struggling to find support around 30k is not wise. Because with current market mood and comments by Janet Yellen, it could break below 30k

So u suggest he move back to eth??
Re: Crypto Currency Investors Thread by DenreleDave(m): 3:18pm On Jan 27, 2021
bradwilli:
thats no loss. I put in 1M today on 2 coyn. Imagine my loss right now but i am still patient

Ethy and betece abi.

Sorry abt dt
Re: Crypto Currency Investors Thread by DenreleDave(m): 3:18pm On Jan 27, 2021
cuteboy2:


If he moved his funds to btc as you described it, that means he sold Eth and bought btc. Right?

If so, it means ur friend has already locked in loss in the Eth trade by liquidating in fear or panic. He should have controlled his emotions by holding and observing the market for a few more weeks. Now jumping hastily into BTC when the coin is struggling to find support around 30k is not wise. Because with current market mood and comments by Janet Yellen, it could break below 30k

Yes oo na fear oo.. Person wey Don see 10k gain b4 the lost all plus is capital... Fear oo
Re: Crypto Currency Investors Thread by cuteboy2: 3:19pm On Jan 27, 2021
FlyHeight:


My advise would be to always have a secure hardware wallet & a secondary wallet such as b it pay that has a recovery seed. I have recovered many of my forgotten coins using such seeds, nothing pass am.

Kindly elaborate with short list of wallets based on ease of use, level security, recovery, etc

A little guide on how to set it up will be highly appreciated

1 Like

Re: Crypto Currency Investors Thread by Notyamate(f): 3:19pm On Jan 27, 2021
DenreleDave:


So u suggest he move back to eth??

All this moving back and forth is only going to make him run on loss, he could have just stayed put with Eth.

3 Likes

Re: Crypto Currency Investors Thread by DenreleDave(m): 3:19pm On Jan 27, 2021
Notyamate:


All this moving back and forth is only going to make him run on loss, he could have just stayed put with Eth.

OK... Thanks very much
Re: Crypto Currency Investors Thread by FlyHeight: 3:26pm On Jan 27, 2021
cuteboy2:


appreciated

I use a Trezor

The guide comes with the device but only buy it from the company directly or on Amazon, don’t buy it anywhere else, it’s as small as your bank token
Re: Crypto Currency Investors Thread by FlyHeight: 3:30pm On Jan 27, 2021
cuteboy2:


appreciated

You can check for some others also. Mine has served me well for years so I don’t know of any others...U get a 24 word key, and a 9 digit pass & its water proof
Re: Crypto Currency Investors Thread by Nobody: 3:34pm On Jan 27, 2021
DenreleDave:


Ethy and betece abi.

Sorry abt dt
E th and Bch. E Get why i went for bch. Thanks chief

1 Like

Re: Crypto Currency Investors Thread by cuteboy2: 3:41pm On Jan 27, 2021
DenreleDave:


So u suggest he move back to eth??

No. I'm not suggesting that. Irrational trading is a bad idea. A lot depends on his Investment objective and time frame. If he has a window of at least 6-12 months, chances are that the current soft crypto market will turn.

He needs to keep a keen eye on the market though, and make his decision one way or the other

2 Likes 1 Share

Re: Crypto Currency Investors Thread by cuteboy2: 3:43pm On Jan 27, 2021
FlyHeight:


I use a Trezor

The guide comes with the device but only buy it from the company directly or on Amazon, don’t buy it anywhere else, it’s as small as your bank token

Noted. Thanks
Re: Crypto Currency Investors Thread by niqqaclaimz(m): 4:18pm On Jan 27, 2021
Since i got started with trading one rule i abide by always is not to panic when there's a dip. I just wait when it rises and some profit have been made i sell and wait for a dip and then buy. That has been my Lil strategy.

9 Likes

Re: Crypto Currency Investors Thread by ApostleBlack(m): 4:22pm On Jan 27, 2021
Gurus in the house, please i need your advice as a first timer into crypt0.

Bought Eithy @1300, ADA @ .33, DOT @16.5 and LINK @ 22 this morning.

Are those coyn a good hold at that very entry price or I collapse some into Eithy?
Re: Crypto Currency Investors Thread by FlyHeight: 4:26pm On Jan 27, 2021
niqqaclaimz:
One thing i've learnt over the past 23 days i started trading is not to panic when there's a dip. I just wait when it rises and some profit have been made i sell and wait for a dip and then buy. That has been my Lil strategy.

!!!

1 Like

Re: Crypto Currency Investors Thread by kings11ng(m): 4:34pm On Jan 27, 2021
Enyinne:
You bought high, 615000 should hv been better as it was sold for yesterday

Oh well.. Am still new to this
Re: Crypto Currency Investors Thread by Tinneh: 4:35pm On Jan 27, 2021
FlyHeight:

I no be sir boss, I be under 29, you could just address me as bro
BOSS thanks for all ur efforts sir
Re: Crypto Currency Investors Thread by kings11ng(m): 4:40pm On Jan 27, 2021
FlyHeight:


651 seems a little high to have bought at, but it depends on your intentions, are you looking to hold a bit longer, at least till it goes past 700?
Am here for the long term

1 Like

Re: Crypto Currency Investors Thread by Enyinne(f): 5:44pm On Jan 27, 2021
Me too but i hv been following the patterns to see the dips .
kings11ng:


Oh well.. Am still new to this
Re: Crypto Currency Investors Thread by Churchill6767: 6:35pm On Jan 27, 2021
niqqaclaimz:
One thing i've learnt over the past 23 days i started trading is not to panic when there's a dip. I just wait when it rises and some profit have been made i sell and wait for a dip and then buy. That has been my Lil strategy.

Has it been profitable?
Re: Crypto Currency Investors Thread by niqqaclaimz(m): 6:46pm On Jan 27, 2021
Churchill6767:


Has it been profitable?

Yeah..Although sometimes you could get caught up with waiting for it to rise well before you sell and it start to dip drastically.. So it is what it is.

2 Likes

Re: Crypto Currency Investors Thread by Ebowo(f): 8:20pm On Jan 27, 2021
please boss can u send any material on crypto to my email? soi can read i want understand orders verywell and risk management in d biz tnks agbaragf@gmail.com

1 Like

Re: Crypto Currency Investors Thread by Nobody: 8:30pm On Jan 27, 2021
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