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Crypto Currency Investors Thread - Investment (263) - Nairaland

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Re: Crypto Currency Investors Thread by deewhydoski(m): 4:59am On Feb 21, 2021
carsuperman:
Losing $480 on bnb so far
You are not losing until u sell

11 Likes

Re: Crypto Currency Investors Thread by Loris576(m): 5:02am On Feb 21, 2021
lavylilly:
How long do you intend to hodl? In this market long term is relative, which could be 6hrs, a day or even weeks
a year plus

1 Like

Re: Crypto Currency Investors Thread by carsuperman: 5:09am On Feb 21, 2021
deewhydoski:

You are not losing until u sell
I needed to read this for confidence. God bless you brother

4 Likes 1 Share

Re: Crypto Currency Investors Thread by Gaint50: 5:17am On Feb 21, 2021
Re: Crypto Currency Investors Thread by strom: 5:33am On Feb 21, 2021
carsuperman:
I needed to read this for confidence. God bless you brother

Sometimes it is better to sell and buy the dip again
Re: Crypto Currency Investors Thread by Chriswazo(m): 5:39am On Feb 21, 2021
strom:


Sometimes it is better to sell and buy the dip again

Depending on the level of loss, if U are exiting the market, is different. But loosing heavily and U sell and buy to leverage could be double die

1 Like

Re: Crypto Currency Investors Thread by condomuser: 5:41am On Feb 21, 2021
I see, it seems all these coins apart from Bitcoin doesn't have any useful usecase, they are just 'Make believe' coins. I read up about BNB and lots of jargons abt it being used for smart contracts, the interesting part is that it was built on Etherum network to allow lower bitcoin transaction fees, that means for every bitcoin transaction BNB tokens can be used to settle fees.

Bitcoin trades more volumes meaning theoretically BNB Price should go up at every instance of Bitcoin transaction on Binance platform at least but practically it's false.

The facts are; when price of bitcoin goes up, BNB and it's cohorts pricing have a tendency to go up apart from during the BNB run where BnB token pricing kept going up which to me was a pump behind the scene.
When price of bitcoin slumps tokens such as BNB and it's cohorts definitely goes down.

In a nutshell Bitcoin is the king, there is nothing near bitcoin up till date.


Sailor1:


It wasn't pump and dump... It's been consistently on the rise for 3 weeks. It gave enough time
If you didn't take profits, it's definitely your fault.
You were able to salvage your capital cos betece was merciful... On another day, your capital may be 50% down.

4 Likes

Re: Crypto Currency Investors Thread by carsuperman: 5:42am On Feb 21, 2021
strom:


Sometimes it is better to sell and buy the dip again
the funds is my capital I bought and not any gain. That's why I fear to sale and even lose more
Re: Crypto Currency Investors Thread by strom: 5:45am On Feb 21, 2021
Chriswazo:


Depending on the level of loss, if U are exiting the market, is different. But loosing heavily and U sell and buy to leverage could be double die

BNB should be case study, I about at 180 then it rose to 300+ I was waiting for it to rise more instead it comes down to 290 then I sold it, now I can easily reenter at 120. Not too bad unlike if I keep holding on then I lose my profit and part of my capital
Re: Crypto Currency Investors Thread by strom: 5:45am On Feb 21, 2021
carsuperman:
the funds is my capital I bought and not any gain. That's why I fear to sale and even lose more

You have come too far, better not to sell now, just hold on
Re: Crypto Currency Investors Thread by A305: 5:55am On Feb 21, 2021
AIT1:
What is the cause of the massive dip in all the cryp.to coins? Anyone with an explanation please, I want to learn. Thanks.
Everyone thinks a certain coin is over bought at some point hence, tries to exit the market. But the real cause of occasional dips is some people taking 'profit' and these set of people are mostly previous hodlers or bag carrier of the coin.

4 Likes 2 Shares

Re: Crypto Currency Investors Thread by carsuperman: 6:03am On Feb 21, 2021
strom:


You have come too far, better not to sell now, just hold on
for sure. I have to be patient. It can get better. Thanks man
Re: Crypto Currency Investors Thread by lordfalcao(m): 6:14am On Feb 21, 2021
Ibeme:


I feel you, however I have stepped out at $270 and will step back in at $250 or $200 when it retests support. I will return with all my initial capital plus profit from my last B.N.B trade so I don't lose compounding effect.
it touched 225 region now 266
Re: Crypto Currency Investors Thread by lordfalcao(m): 6:21am On Feb 21, 2021
carsuperman:
Missed Bnb at 223 I think. Waiting for dip. Any dip to buy?
lol which other dip is bigger than 223. I doubt BnB will do that again, once weekend corrections is over. All the way up for me
Re: Crypto Currency Investors Thread by lordfalcao(m): 6:22am On Feb 21, 2021
carsuperman:
Losing $480 on bnb so far
if you sell now, you will buy it at 500/BnB cool

11 Likes

Re: Crypto Currency Investors Thread by Nobody: 6:22am On Feb 21, 2021

1 Like

Re: Crypto Currency Investors Thread by nittly(m): 6:27am On Feb 21, 2021
DenreleDave:


Scroll Down well, u go see ur price range
ok..... Thanks

I have do that and have seen the price range but there "Rate and Trade" are low between 75% to 85% and number of trade are low..... I hope there is not problem with it?
Re: Crypto Currency Investors Thread by carsuperman: 6:27am On Feb 21, 2021
lordfalcao:
if you sell now, you will buy it at 500/BnB cool
trust me I won't sell. But you see it rising again??
Re: Crypto Currency Investors Thread by carsuperman: 6:28am On Feb 21, 2021
lordfalcao:
lol which other dip is bigger than 223. I doubt BnB will do that again, once weekend corrections is over. All the way up for me
my sleep wake to see it has pumped again byond 223. I for buy
Re: Crypto Currency Investors Thread by DenreleDave(m): 6:31am On Feb 21, 2021
nittly:
ok..... Thanks

I have do that and have seen the price range but there "Rate and Trade" are low between 75% to 85% and number of trade are low..... I hope there is not problem with it?

No problem... U can always appeal Should Incase sumtin happens... But p2p is safe

1 Like

Re: Crypto Currency Investors Thread by kolagbemi(m): 6:52am On Feb 21, 2021
Sailor1:


Forgetting all the legal talk and focusing on the chart...two questions

1. Why did you choose xrp?

2. Do you think buying a coin for the long-term in the middle of a bull market is a good idea?

That said, I'm leaning towards xrp hitting ATH this run... But then, certain fundamentals will still come into play afterwards

Boss,

For question one.... xrp for is a good project with very good target audience.....this normally should be a very high yield investment. But on the other hand, for banks to be able to use for international transfer
.1. will price stability not be prerequisite
2. If price stability is required, will xrp still be able to give good high ROI like other coins giving 200% annually?

Question 2: boss I don tire I don't even know what I'm doing again.... that's why I just decided to put my money somewhere and forget it.

Trading for me is a spot, it is exiting for me but I kept loosing money made..... I'm still battling with emotional trading.

Thank you for always coming through

4 Likes

Re: Crypto Currency Investors Thread by billyG(m): 7:25am On Feb 21, 2021
lecowas:


Even if it becomes #70m , how are you going to withdraw it when all naira withdrawal has been suspended . It’s just a ploy to lure people back and it’s a trap, it’s either you stay with them and look at your money or you go back to Binance or whichever place you are coming from after you have paid an exorbitant fee as charges for transacting that bulls*t. Wake me up if you find a way around it sha
I will sent it back to bi.nance.
Re: Crypto Currency Investors Thread by Midazman(m): 7:47am On Feb 21, 2021
Ibeme:


Dis na Etoro. It's mostly for stocks, hence the layout.

thanks bro
Re: Crypto Currency Investors Thread by lavylilly: 7:51am On Feb 21, 2021
Loris576:

a year plus
Brother Lori, I am not a seer o but, this coin thing, aside Uncle "B" it s difficult holding for a long term try the ones openheaven and sailor drops. I usually advise, make your capital back and trade with your profit e.g I bought 113 LoriKoin for =N=10,000 once I make 200% I remove the capital and allow the profit do the trading and invest in another coin

1 Like

Re: Crypto Currency Investors Thread by lavylilly: 7:55am On Feb 21, 2021
strom:


I have noticed on weekends all coins do dip later week o experienced it just like today
This is not true for all coins. TrX was trading 13 naira in Friday I watched it climb to 26 naira from Saturday, Sunday Monday Tuesday Wednesday till what it's is today, it chasing =N=40
Re: Crypto Currency Investors Thread by Notyamate(f): 7:56am On Feb 21, 2021
billyG:

I will sent it back to bi.nance.

Lol gringrin funny guy

You'll get the same coin na, not naira equivalent on Binnance, you'll even lose more because of transaction fees.
Re: Crypto Currency Investors Thread by lavylilly: 7:56am On Feb 21, 2021
Sailor1:


Forgetting all the legal talk and focusing on the chart...two questions

1. Why did you choose xrp?

2. Do you think buying a coin for the long-term in the middle of a bull market is a good idea?

That said, I'm leaning towards xrp hitting ATH this run... But then, certain fundamentals will still come into play afterwards

It hasn't surpassed it all time $3.8 it did in 2018
Re: Crypto Currency Investors Thread by lavylilly: 7:58am On Feb 21, 2021
haymekus:


Weekend?

Low activities happening on the blockchain?
Are you sure? Because last weekend $sky went over the roof
Re: Crypto Currency Investors Thread by lavylilly: 7:59am On Feb 21, 2021
pushup:


can you or anyone pls tell me more about APY?
Why was Google created for?
Re: Crypto Currency Investors Thread by lavylilly: 8:01am On Feb 21, 2021
AgbalagbaOG:
Trying to sell my bnb it's taking forever
what's the process you taking?
Re: Crypto Currency Investors Thread by lavylilly: 8:07am On Feb 21, 2021
kolagbemi:


Boss,

For question one.... xrp for is a good project with very good target audience.....this normally should be a very high yield investment. But on the other hand, for banks to be able to use for international transfer
.1. will price stability not be prerequisite
2. If price stability is required, will xrp still be able to give good high ROI like other coins giving 200% annually?

Question 2: boss I don tire I don't even know what I'm doing again.... that's why I just decided to put my money somewhere and forget it.

Trading for me is a spot, it is exiting for me but I kept loosing money made..... I'm still battling with emotional trading.

Thank you for always coming through
This is no good for any investor, the weakest link in any trade is the trader. You have to learn how to keep your emotions away from the market.

1 Like

Re: Crypto Currency Investors Thread by lovinhubby2wife(m): 8:11am On Feb 21, 2021
AgbalagbaOG:
Are my eyes deceiving me, why is btc higher on luno
even ethereum.

Btc right now is about 21 25 million naira but luno says its 35,000,000naira .
Ethereum is still around 700-900k naira luno says its 1.2million naira.

Someone should explain why they've decided to inflate their estimated values of late.

3 Likes

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