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Crypto Currency Investors Thread - Investment (71) - Nairaland

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Re: Crypto Currency Investors Thread by AbdulJabbar1: 4:12pm On Feb 01, 2021
Jmandotcom:
I made 30% profit this morning and I'm happy with that. I just watched as rip went down like a lost erection. Anyways, the profit I made has arrived in my bank account. And now I've bought rip again at 210. I expect it to soar before the end of the day. Ice on my eyes, no dulling.

Sorry to those who were not lucky enough to exit market at the right time. We still meuvee.

Loool Stay Safe Brother

1 Like

Re: Crypto Currency Investors Thread by Ifeanyi4491(m): 4:12pm On Feb 01, 2021
FocusedB1h:

As a novice myself, I won’t advice you to use Binance until you know your onions. It’s very complex, draining and confusing. Even the” Binance lite” doesn’t help much.

I deposited into my wallet and tried to buy doge, ADA and DOT but it didn’t go through. I just withdrew my money and left that platform. Binance is good and secure but it’s built for professionals and crypto day traders.
any alternative one like Binance for newbie
Re: Crypto Currency Investors Thread by Nobody: 4:14pm On Feb 01, 2021
AbdulJabbar1:


True bad idea bradwilli I would suggest holding what you already have since you can’t afford to liquidate at over 30% under, but except you are certain of what you’re doing id not suggest buying excess.
Yeah bad idea. I thought it will pumo again. Well i want to sleep now. Hopefully when i wake it gets better. My head just feels heavy. This cryto must favour me.Amen

3 Likes

Re: Crypto Currency Investors Thread by AbdulJabbar1: 4:18pm On Feb 01, 2021
bradwilli:
Yeah bad idea. I thought it will pumo again. Well i want to sleep now. Hopefully when i wake it gets better. My head just feels heavy. This cryto must favour me.Amen


Amen brother! Just try to ease up on the panic

1 Like 1 Share

Re: Crypto Currency Investors Thread by Sailor1: 4:18pm On Feb 01, 2021
AbdulJabbar1:


Knowing when to cut losses is extremely important, if one sets a 2-5% under goal, for example if one bought at 300 & set that if this thing goes under 290 kperen I would consider liquidating, if you sell at even 285, you can either choose to let it dip further so you can renter at a lower price (preferably a lot less than where u liquidated at) if you believe it would rise close to that threshold you bought at again or you simply keep your fiat with minimal losses and wait to observe the market.

Another thing is, from my personal experience, for serious “I’m tryna gamble make me or break me trades” I only enter the market in the early mornings as a thing of principle and habit off the stock market, towards noon prices reach their peak and I dump, if it falls further and I’m interested I enter again...

Sensible pattern for those who van control emotions.

The issue is that most who cut end up buying higher before it fips again

1 Like

Re: Crypto Currency Investors Thread by Sailor1: 4:20pm On Feb 01, 2021
bradwilli:
Yeah bad idea. I thought it will pumo again. Well i want to sleep now. Hopefully when i wake it gets better. My head just feels heavy. This cryto must favour me.Amen

The thing is that after such a dump, if it pumps immediately without building structure, it's likely to be sold back into again and would return to your entry point or even lower... No reason to rush... there's always another trade

2 Likes 1 Share

Re: Crypto Currency Investors Thread by Ronin1: 4:22pm On Feb 01, 2021
Sysdatek:
Learn to trade futures

Made 13kusd on the dip

Cross margin at 15x leverage with this level of volatility, you've got balls of steel man shocked
Re: Crypto Currency Investors Thread by billyG(m): 4:25pm On Feb 01, 2021
Ifeanyi4491:
any alternative one like Binance for newbie
Binance is complex d 1st time open acct & move coin in I quickly withdrew b/c it is difficult to understand @1st,I even wrote them there platform is complex....later I took time to learn it 1st using d binance lite then switch back,I learnt how to use & place trade on binance frm utube vids.
Patience & ready to read & play around it is d key.

3 Likes

Re: Crypto Currency Investors Thread by Nobody: 4:26pm On Feb 01, 2021
Ronin1:


Cross margin at 15x leverage with this level of volatility, you've got balls of steel man shocked

grin grin grin grin
Re: Crypto Currency Investors Thread by billyG(m): 4:27pm On Feb 01, 2021
I have been waiting since last wkend 2 buy xrp @ 190

1 Like

Re: Crypto Currency Investors Thread by Nobody: 4:30pm On Feb 01, 2021
billyG:

Binance is complex d 1st time open acct & move coin in I quickly withdrew b/c it is difficult to understand @1st,I even wrote them there platform is complex....later I took time to learn it 1st using d binance lite then switch back,I learnt how to use & place trade on binance frm utube vids.
Patience & ready to read & play around it is d key.

best way to practise is fund 50$ or so and play around with it

learn the trade types
market entry
limits entry
how to close positions
how to change btc to usdt and back

4 Likes 1 Share

Re: Crypto Currency Investors Thread by Sailor1: 4:33pm On Feb 01, 2021
Xlm showing strength.... Rarely flinched.... Can xrp just respect itself, not dump nd allow a sensible coin room

1 Like

Re: Crypto Currency Investors Thread by Sailor1: 4:50pm On Feb 01, 2021
Reason i converted a good part of my xlm to eith

1. Clear bullish divergence on the weekly. Which is also present on the monthly chart (more powerful). The purple lines on the chart- lower lows in price but higher low in RSI

2. It has reclaimed the 21ema on the weekly which is a sign of bullish momentum.

3. Volume... That volume on the reversal green candle is quite impressive

What this means is that I think xlm will outperform eith in the coming weeks-months. Obviously this is a huge call to make given that this is not a hugely traded pair and I'm basing my decision on input from one exchange only.. and its eith we're talking of here. Anyway lets see how it goes... Will keep it updated.

1 Like

Re: Crypto Currency Investors Thread by Sailor1: 4:52pm On Feb 01, 2021
P.s... the above chart is one of the reason I trade other altys...
We all know eith commands alts just as betece commands crypt0... The idea is seeking out and trading only coyns which I believe will outperform eith in the short term. If not, I'm better off just in eith
Re: Crypto Currency Investors Thread by Sailor1: 5:00pm On Feb 01, 2021
Conversely, the xrp/eith werkly chart on binance shows a somewhat different trend...

Double-bottom on RSI but lower low in price.
The major issue is that its yet to reclaim the 21ema which is a marker for bullish momentum. Interestingly, it got heavily rejected from it today...


Yesterday, I spoke about converting my Eith to xrp on the way up so as to get at least 1 eirh from 0.7 eith... It was based on this chart cos I wanted to sell the previous support at 0.0055 . Luckily, I didn't get my entry and held out.

1 Like

Re: Crypto Currency Investors Thread by Sailor1: 5:00pm On Feb 01, 2021
Sailor1:
Conversely, the xrp/eith werkly chart on binance shows a somewhat different trend...

Double-bottom (equal low) on RSI but lower low in price.
The major issue is that its yet to reclaim the 21ema which is a marker for bullish momentum. Interestingly, it got heavily rejected from it today...


Yesterday, I spoke about converting my Eith to xrp on the way up so as to get at least 1 eirh from 0.7 eith... It was based on this chart cos I wanted to sell the previous support at 0.0055 . Luckily, I didn't get my entry and held out.
Re: Crypto Currency Investors Thread by DaBogu: 5:24pm On Feb 01, 2021
billyG:
I have been waiting since last wkend 2 buy xrp @ 190
it will get there just be patient
Re: Crypto Currency Investors Thread by Akinola2345(m): 5:25pm On Feb 01, 2021
There is a tendency that xrp will still move sour....
The price is still good to buy.
Re: Crypto Currency Investors Thread by OpenHeaven2019(f): 6:06pm On Feb 01, 2021
billyG:
I have been waiting since last wkend 2 buy xrp @ 190

#180 now
Re: Crypto Currency Investors Thread by lovinhubby2wife(m): 6:47pm On Feb 01, 2021
FocusedB1h:
XRP is crashing, i bought at 280angry and to see it at 178 is so heartbreaking. Anyways I will HODL. The moment it reaches 320-350 range, I’ll sell.
it wont, the upward movement was not organic enough. It will take a long time to hit that high again from my perspective
Re: Crypto Currency Investors Thread by DaBogu: 6:51pm On Feb 01, 2021
lovinhubby2wife:
it wont, the upward movement was not organic enough. It will take a long time to hit that high again from my perspective
People have cash out. Again, anything can happen.

1 Like

Re: Crypto Currency Investors Thread by AbdulJabbar1: 6:52pm On Feb 01, 2021
lovinhubby2wife:
it wont, the upward movement was not organic enough. It will take a long time to hit that high again from my perspective

I concur, i doubt 340 up is happening today again or even tomorrow but soon for sure

2 Likes

Re: Crypto Currency Investors Thread by lovinhubby2wife(m): 6:54pm On Feb 01, 2021
Sailor1:
BTW, where was the dude talking about the pump xrp group on telegram?

It'd be good to know what time they decided to buy and the time of the pump...

It may be this whole stuff was orchestrated by whales and the essence of the group and announcement was to create liquidity to dump on.. No PnD group makes public the time nd date beforehand except they have ulterior motives
exactly, this was purely orchestrated. Imagine in one of the groups on telegram, one admin was still urging members to buy and hodl, this was when it was still crashing down at the speed of light. I'm very sure baba has succeeded in dumping hence he's been silent since 3PM.

1 Like

Re: Crypto Currency Investors Thread by DaBogu: 6:54pm On Feb 01, 2021
FocusedB1h:
XRP is crashing, i bought at 280angry and to see it at 178 is so heartbreaking. Anyways I will HODL. The moment it reaches 320-350 range, I’ll sell.
Lol! Calm down the prices pump started in Wednesday last week and made people buy into it over the weekend, making them think it will go up on Monday February 1st 2020. Just be patient it may and may not go up

1 Like

Re: Crypto Currency Investors Thread by lovinhubby2wife(m): 7:04pm On Feb 01, 2021
Sailor1:


Be calm... What was your entry?
entered at 267
Saw the proceeds go up as high as 363.
Left and came back 37mins later and its dragging down at 210.
I was anticipating I cash out if it starts to swing low.
The accelerated rate it went down was unbelievable

1 Like

Re: Crypto Currency Investors Thread by lovinhubby2wife(m): 7:07pm On Feb 01, 2021
bradwilli:
Xrpee will bounce back tonight.i am sure
una done start again lol grin wetin crypto nor go do me this year... I'm still learning

1 Like

Re: Crypto Currency Investors Thread by Domain12: 7:16pm On Feb 01, 2021
TheEnlightenedO:



With 100k I’d advise you do Ripple, for instance, at 6am this morning it was just around 134 per XRP, I bought in at 135, and just sold a few mins ago at 142.70.

If you had done same at that price you’d have had 740.7 XRP and if you sold at around 142 just 5 hours later you’d have had 105k. I trade daily and set targets for myself once I hit my target I sell and wait till it drops to a price I’m comfortable buying at again, you can then chose to use your 105k to buy back in at 136 and set another limit order to sell at 142 or even 140, and be gaining your 1% small small by the end of the month you’d gained over 20% and that’s not including days where there will be huge spikes in the price, if you are patient and diligent with it... As regards fees, I set limit orders and I buy straight off the exchange by predicting a median price that I'm comfortable buying at, so when it falls to that price my order fills up... when there’s a spike or a trend and I feel I’m at a point where I’m comfortable I set a low price order to sell, for example when ripple hit 142 this afternoon the lowest sell order on the Luno order book was 142.90, I set mine to sell at 142.70 so my order got filled up quickly and I didn’t pay a cent in charges. Luno is easy to manipulate if you know what you’re doing, it’s when you do express buy or at market rate they charge you heavy

Also try to monitor other coins, there’s times where LTC is the strong point and you’d need to buy in and cash in on it within an hour and switch to other coins.


Please can I get your contact or PM you

1 Like

Re: Crypto Currency Investors Thread by OpenHeaven2019(f): 7:25pm On Feb 01, 2021
Doge is going down oo.

Set your entry, nobi he go up you go come enter oo
Re: Crypto Currency Investors Thread by Sailor1: 7:29pm On Feb 01, 2021
lovinhubby2wife:
exactly, this was purely orchestrated. Imagine in one of the groups on telegram, one admin was still urging members to buy and hodl, this was when it was still crashing down at the speed of light. I'm very sure baba has succeeded in dumping hence he's been silent since 3PM.

Hehe... Folks have paid school fees... Tomorrow when they hear PnD, they'd run... This one na proper rich taking from the poor... Imagine those that bought the top.... No sleep for them
Re: Crypto Currency Investors Thread by Sailor1: 7:31pm On Feb 01, 2021
lovinhubby2wife:
entered at 267
Saw the proceeds go up as high as 363.
Left and came back 37mins later and its dragging down at 210.
I was anticipating I cash out if it starts to swing low.
The accelerated rate it went down was unbelievable


It had already started falling then.... You tried catching a falling knife... Good enough you didn't lose much...

When something starts falling like that, I let it do its thing and look for a strong reaction b4 re-entry... But gaskia, that selloff was brutal...

Over 200million usd liquidated
Re: Crypto Currency Investors Thread by Sailor1: 7:36pm On Feb 01, 2021
OpenHeaven2019:
Doge is going down oo.

Set your entry, nobi he go up you go come enter oo

Why wouldn't folks just focus on solid projects.... The day betece dumps, those coins can make one lose 90% of their portfolio...
Re: Crypto Currency Investors Thread by dareyking(m): 7:42pm On Feb 01, 2021
FocusedB1h:

As a novice myself, I won’t advice you to use Binance until you know your onions. It’s very complex, draining and confusing. Even the” Binance lite” doesn’t help much.

I deposited into my wallet and tried to buy doge, ADA and DOT but it didn’t go through. I just withdrew my money and left that platform. Binance is good and secure but it’s built for professionals and crypto day traders.


Abeg how I fit take withdraw my money back jeje

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