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Crypto Currency Investors Thread - Investment (77) - Nairaland

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Re: Crypto Currency Investors Thread by food4tot: 6:31pm On Feb 02, 2021
I want to buy some bitcoins, anyone willing to sell?
Re: Crypto Currency Investors Thread by Ifeanyi4491(m): 6:35pm On Feb 02, 2021
food4tot:
I want to buy some bitcoins, anyone willing to sell?
buy from Binance or roqqu

3 Likes

Re: Crypto Currency Investors Thread by MyChoice1: 6:40pm On Feb 02, 2021
Sailor1:


Truth is I have no idea... I don't day trade often. I only sell eith after a significant move up

But when you sold, what price were you looking at buying back?

Ok boss, I hopped in again at 1422, will sell off at 1499. If e no reach, no wahala. Eith na better coiyn

1 Like

Re: Crypto Currency Investors Thread by lymelyte(m): 6:41pm On Feb 02, 2021
Actual solid advice for those newbies and those who lost money. I will recommend making use of Stop loss.

Stop Loss is a sell order at a selected value. Say you bought in at 50c and watched the asset climb to 60c you could set a stop loss at 55c. In the event of a dump the stop loss will execute and you will still walk away with profit

There's a little more to it (including making sure you set a big enough gap between the stop price and the sell price), and as with all things you should do your own research but if you take just one thing away from this experience - let it be that you set a stop loss next time. Don't be Greedy.

Peace y'all!

5 Likes

Re: Crypto Currency Investors Thread by MyChoice1: 6:45pm On Feb 02, 2021
jedisco:


Hehe... Learn from the mistakes from your last trade before moving to another...

You'd likely run to buy the top of another coin nd ren will move, then you may repeat same process again.

I heeded to this caution and ren paid me well today. Thanks Boss

1 Like

Re: Crypto Currency Investors Thread by LOquence: 7:04pm On Feb 02, 2021
Please where can I learn how to read and understand chart, trend so that I can go in at a convenient time and make little profit . I don't want to invest in a biz relying on luck. Please I need your help...
Re: Crypto Currency Investors Thread by REUBEN010(m): 7:06pm On Feb 02, 2021
LOquence:
Please where can I learn how to read and understand chart, trend so that I can go in at a convenient time and make little profit . I don't want to invest in a biz relying on luck. Please I need your help...

YouTube is your friend. Search for technical analysis videos
Re: Crypto Currency Investors Thread by Sailor1: 7:25pm On Feb 02, 2021
MyChoice1:


Ok boss, I hopped in again at 1422, will sell off at 1499. If e no reach, no wahala. Eith na better coiyn

Nothing do u... Whatever route you find profitable... Hope you don't miss a rapid move..

For me once it crosses 1500, I'm not selling shishi until 2k at least

1 Like

Re: Crypto Currency Investors Thread by Sailor1: 7:28pm On Feb 02, 2021
MyChoice1:


I heeded to this caution and ren paid me well today. Thanks Boss

Good stuff... Nice to hear success stories...

Ren na both good and useless coyn... its usually all over the place. A day traders dream though.... It's due a move up though... Targeting 1 in the coming days/weeks

1 Like

Re: Crypto Currency Investors Thread by solreb: 7:29pm On Feb 02, 2021
cuteesthy:
Abeg i made a bank transfer to my Binance account how do i now convert it to USDT cos am seeing d money in naira/bitcoin
Or use the Trade function. Select Fiat and Buy Crypto.
Re: Crypto Currency Investors Thread by solreb: 7:31pm On Feb 02, 2021
Sailor1:


The general consensus is that it's cheaper to use bank transfer
No. It is cheaper to use Debit Card as I compared both options.. But somehow Binance is denying me. I have appealed
Re: Crypto Currency Investors Thread by AbdulJabbar1: 7:31pm On Feb 02, 2021
Homiequann:
Visit my signature to discover how to place football bets that are impossible to lose.

Really bro?!!!
Re: Crypto Currency Investors Thread by AbdulJabbar1: 7:33pm On Feb 02, 2021
Sailor1:


Good stuff... Nice to hear success stories...

Ren na both good and useless coyn... its usually all over the place. A day traders dream though.... It's due a move up though... Targeting 1 in the coming days/weeks

Loool I’m about to look into it... hehe
Re: Crypto Currency Investors Thread by niqqaclaimz(m): 7:34pm On Feb 02, 2021
.
Re: Crypto Currency Investors Thread by LOquence: 7:38pm On Feb 02, 2021
REUBEN010:


YouTube is your friend. Search for technical analysis videos
any person in particular on youtube? Someone that explained in a layman term?
Re: Crypto Currency Investors Thread by LOquence: 7:39pm On Feb 02, 2021
AbdulJabbar1:


Really bro?!!!
Please where can I learn how to read and understand chart, trend so that I can go in at a convenient time and make little profit . I don't want to invest in a biz relying on luck. Please I need your help..
Re: Crypto Currency Investors Thread by LOquence: 7:40pm On Feb 02, 2021
Will usdt be always be pegged to a dollar? I am thinking of saving my money on it in binance .. Please help
Re: Crypto Currency Investors Thread by KBARBIE(f): 7:40pm On Feb 02, 2021
Pls who knows about Bitcore
Re: Crypto Currency Investors Thread by niqqaclaimz(m): 7:41pm On Feb 02, 2021
.
Re: Crypto Currency Investors Thread by solreb: 7:42pm On Feb 02, 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.

I dont truly agree. Not all coins can be bought direct in Naiar.You jyst need to convert your Naira to USDT, BNB or other coin for the pair that is offered. I fell in love with it though I am a newbie.
Re: Crypto Currency Investors Thread by Gemineye: 8:06pm On Feb 02, 2021
Jmandotcom:
You don't really have much time. Quickly head to YouTube and search for video on how to buy and sell on Luno. A visual explanation will help you out on time. But still make sure you come to this thread and read from beginning till end.
I swear this is what I'm doing. The jargons I'm seeing are quite overwhelming for a newbie so i just read and re-read till i get the hang of it

2 Likes

Re: Crypto Currency Investors Thread by Gemineye: 8:07pm On Feb 02, 2021
Notyamate:


Yes you can
thanks
Re: Crypto Currency Investors Thread by Ronin1: 8:09pm On Feb 02, 2021
LOquence:
Please where can I learn how to read and understand chart, trend so that I can go in at a convenient time and make little profit . I don't want to invest in a biz relying on luck. Please I need your help..

Checkout "Technical Analysis Using Multiple Timeframes" by Brian Shannon. It's a book on stock trading but it pretty much applies to all financial instruments

4 Likes 1 Share

Re: Crypto Currency Investors Thread by Akinola2345(m): 8:30pm On Feb 02, 2021
People are still buy gigecoin... ❓
Re: Crypto Currency Investors Thread by Nobody: 8:39pm On Feb 02, 2021
Ltc na yeye coyn. Wish i hodl onto my eth last week. Xrp don fall yakata. Wahala dey this Industry oo.. ahh
Re: Crypto Currency Investors Thread by Sailor1: 8:39pm On Feb 02, 2021
solreb:
No. It is cheaper to use Debit Card as I compared both options.. But somehow Binance is denying me. I have appealed

Hmmm.... The 150 naira deposit fee aside I don't see how buying with card would be cheaper except binance is selling below market price to you.
Get on the exchange section and see that it's a live market and even though I've not bought with a card, I can say confidently that the cheapest price to buy on binance at any point in time will be the live exchange rate wjich isn't stable

On binance, it says they charge 1.4% (Capped at N2000) for card deposits. Didn't mention buying directly with a card...

Either way, which ever one suits you
Re: Crypto Currency Investors Thread by Sailor1: 8:41pm On Feb 02, 2021
AbdulJabbar1:


Loool I’m about to look into it... hehe

Nothing do you... I'm looking for an exit... Hardly holds any level... always all over the place

1 Like

Re: Crypto Currency Investors Thread by TheZebra: 8:41pm On Feb 02, 2021
Omo, make eth better dip oo make i see buy oo.
I already sold all my eith portfolio around 1,480 after making 300% profit .

I regretted selling my eith at 1,480 thinking i would buy the dips, but surprisingly, the stuff refused to dip and flew past 1.5k
I later got the balls to re-enter around 1,520

What made me sold is what i don't know, cos I'm been holding eith for over 6months, Damn. I missed like 20k just within some minutes, i almost cried

3 Likes

Re: Crypto Currency Investors Thread by Sailor1: 8:45pm On Feb 02, 2021
LOquence:
Will usdt be always be pegged to a dollar? I am thinking of saving my money on it in binance .. Please help

USD, BUSD, pax etc are pegged to the dollar and exchange at market price devoid of CBN manipulation. One of the reasons I trade into usdt except when I want to withdraw cos naira is always sliding down.

That said, it's live traded to the naira so sometimes, you can have wicks when someone market buys or sells in volume.


But finally, binance no be bank ooo... If you want to keep significant sums in usdt, then its better to get a private wallet... Also, remember that no one can access your funds without your pass incase of eventualities.

1 Like

Re: Crypto Currency Investors Thread by Sailor1: 8:47pm On Feb 02, 2021
bradwilli:
Ltc na yeye coyn. Wish i hodl onto my eth last week. Xrp don fall yakata. Wahala dey this Industry oo.. ahh


Hehehe... Nearly cannot kill a bird...
Though an underperformer, LTC is still a dolid coyn

1 Like

Re: Crypto Currency Investors Thread by Sailor1: 8:49pm On Feb 02, 2021
Akinola2345:
People are still buy gigecoin... ❓
Doge you meant??

People aren't asking about doge again...hehe

People only ask about coyns that have finished pumping... Be rest assured that when eith doubles, people will start asking...can I buy eith?

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