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Investment / Re: Crypto Currency Investors Thread by Sailor1: 10:43am On Mar 12, 2022
Hamzashaf99:

Your fears were right. I'm learning.

On bitc0in, its much easier action trades from a longer time frame

1 Like

Investment / Re: Crypto Currency Investors Thread by Sailor1: 5:30am On Feb 26, 2022
All said, I'd take significant profits from luna into betece at 0.02... plan is to compound and buy lower... if we get a weekly close above that level, I'd look to enter on a flip

2 Likes

Investment / Re: Crypto Currency Investors Thread by Sailor1: 5:26am On Feb 26, 2022
More impressive is ust...
Over the last month, its moved from under 11 billion to 12.6 billion....

Obviously, this has translated into price appreciation for Luna.... like I said previously, this mainly is the reason why outside eith, luna is another chain I focus on....
If ust and decentralised stables see the much needed adoption, then luna should do well as ust is minted on its blockchain....

Also, there's an increase in the staking reward of luna from about 4% to 9%

1 Like

Investment / Re: Crypto Currency Investors Thread by Sailor1: 5:19am On Feb 26, 2022
Been looking at stables recently.

The market cap of all the big four been in a slow uptick over the last 3 months. Since the end of January, the pace has picked up. This mostly means new money flowing in... although it might mean that alyts are being sucked up...

Some will remember that the rally from 3k to 60k correponded with the explosive adoption of usdt

3 Likes

Investment / Re: Crypto Currency Investors Thread by Sailor1: 7:50am On Feb 23, 2022
Ibime:
I would be eyeing SHIB at 0.0x2

SHIB no dey waste time run from 0.0x2 to 0.0x3

ADA has broken a long term support of $1 while SOL has broken long term support of $90.

Everything points to Crypt0 winter on Macro scale. I am holding my stables tightly for the long game.


I'd like to see how ada will close the weekly

Trust you're earning interest on your stables...

1 Like

Investment / Re: Crypto Currency Investors Thread by Sailor1: 7:47am On Feb 23, 2022
Got banned on my other account....

On g0ld... one can earn over 8% per annum holding it on some centralised savings platform.
Also, it does have a good loan ration usually upto 70%...I.e one can borrow upto 70% of their g0ld value. Usually, I wouldn't go more than 40% even for a slow moving asset like g0ld...

Obviously, it goes without saying that borrowing of an asset to buy another comes with risks and should only be done if one understands those

3 Likes

Investment / Re: Binance Responds To #BinanceStopScamming With A Letter To Nigerians by Sailor1: 2:18pm On Jan 30, 2022
justli:


Its very simple, and I hate that people still haven't realised this: the government doesn't want financial freedom for you, especially one that's out of their control.
If you get such freedom, they will lose the power to control and decide your fate.

Crypt0 is a revelation, an absolute revolution against legacy institutions. It's a dream the kind of money I've made from crypto in just one year.
When people managing #150000 a month income talk shit about how crypto is a scam, I just smh at their ignorance.

Do what you can. Buy block chains as much as you can now. When in 5 to 10 years the technology goes mainstream, you'll make generational wealth.

My brother take it easy. I own crypt0. No be so... I wonder what you mean by "buy Block chains"
Investment / Re: Binance Responds To #BinanceStopScamming With A Letter To Nigerians by Sailor1: 11:02am On Jan 30, 2022
SocialJustice:
All payments should even move to crypt0. It is a lot more effective than dealing with CBN for dollars.

Crypt0 is increasingly being used for international remittance. That's why Visa and MasterCard are actively trying to get in.

With Crypt0, one can send huge sums in seconds to anyone in any part of the world for almost free. Hence, those receiving Crypt0 from external wallets should do some due diligence on the source of funds

1 Like

Investment / Re: Binance Responds To #BinanceStopScamming With A Letter To Nigerians by Sailor1: 10:59am On Jan 30, 2022
Takeproft:
Everything you talked about is true but how does it justify indefinitely locking an account for years? Some TOS Violation could be punished by banning the user and giving him an option to transfer his balance to a provided Bitcoins address.

And for the case of AML and compliance, how are these companies putting the burden on users to run compliance tests on wallets before receiving Bitc0ins from them? OSINT compliance tools are not accurate and to get the tools used by law enforcement and professional Compliance team costs a lot of money.

This people are simply using this excuses to steal money from Nigeria. Imagine Paxful s CEO said he's using the money 'stolen' from Nigerian 'bad players' to build schools in Uganda and other parts of Africa. They're thieves

Truth be said, some of these foreign organisations can be unduly heavy handed in dealing with Nigerians. Also, Nigerian regulators adopting a hands-off approach to crypt0 has not helped too. But then, some folks have not helped matters too....
If receiving coyns from different external wallets, the onus to have documentation on why those were received.
It's same with sending money internationally via banks. Your bank could call up and ask to know the reason for a particular pay. Infact, all international banking transactions above a particular sum are actively tracked.
Investment / Re: Binance Responds To #BinanceStopScamming With A Letter To Nigerians by Sailor1: 10:51am On Jan 30, 2022
Studyinchina200:
Avoid kuc0in. They blocked my account and told me to open a new one. Like for real ?

That's odd... why did they do that?
Investment / Re: Binance Responds To #BinanceStopScamming With A Letter To Nigerians by Sailor1: 10:35am On Jan 30, 2022
Coldie:

The law enforcement ne’er replies


Have you been affected?
If so, what was the source of the crypt0 in question
Investment / Re: Binance Responds To #BinanceStopScamming With A Letter To Nigerians by Sailor1: 10:34am On Jan 30, 2022
Gate050:

I pity Nigerians. Many are as dumb as sheep. Whites are making millions from gullible, greedy Nigerians.

How is this the case? So the exchange shouldn't respond when law enforcement agents raise a query? Something worse will happen with a regular bank. Go ask the yahoo boys efcc has cornered
Investment / Re: Binance Responds To #BinanceStopScamming With A Letter To Nigerians by Sailor1: 10:31am On Jan 30, 2022
Hellonearth007:


He means most of the account will be closed cos 70% of Binaz uses in Nigeria are scammers.Do scammers use their identity for verification.?
No....
So if the KYC says otherwise then the account is gone.
It effected mine but my KYC on the way

Where did you get your 70% from?
With just 280 accounts blocked, that would present less than 0.1% of Nigerian users. Also out of that 280, just 30% are due to fraud related issues.

I know tens of Nigerians using binaz and none of them are scammers. If you are a scammer, say so
Investment / Re: Binance Responds To #BinanceStopScamming With A Letter To Nigerians by Sailor1: 11:35pm On Jan 29, 2022
Hellonearth007:


He means most of the account will be closed cos 70% of Binanz uses in Nigeria are scammers.Do scammers use their identity for verification.?
No....
So if the KYC says otherwise then the account is gone.
It effected mine but my KYC on the way

Seems you didn't read the write-up properly. Go back and read it.
Why should your kyc be different from your details?

1 Like

Investment / Re: Goldman Sachs Suddenly Issued A Crypto Price Warning After Huge Bitcoin Crash by Sailor1: 9:43pm On Jan 29, 2022
The last time we had a multiplicity of such news hit frontpage was May last year when bitc0in was at 30k. We all know what the c0in did afterwards

3 Likes

Investment / Re: Binance Responds To #BinanceStopScamming With A Letter To Nigerians by Sailor1: 9:38pm On Jan 29, 2022
Coldie:

The law enforcement ne’er replies

The question is how did those involved get the crypt0 in their wallet?

If they bought via p2p or on binaz, then they could show evidence of that
Investment / Re: Binance Responds To #BinanceStopScamming With A Letter To Nigerians by Sailor1: 9:36pm On Jan 29, 2022
cmecproblem:
The biggest insult was calling innocent traders scammers and giving the FBI contact. That was too low, the customer care representative that sent it should be fired.

I thought those who were given FBI contact were those whose accounts were suspended on requests of foreign law enforcement agents
Investment / Re: Binance Responds To #BinanceStopScamming With A Letter To Nigerians by Sailor1: 9:33pm On Jan 29, 2022
SocialJustice:
Binance is what modern BDC guys use. Boys are cashing out millions of dollars, guys in their 20s.

Yeah... it's not secret... since the scarcity of dollars, most of goods brought into Nigeria are paid for knowingly or unknowingly in crypt0
Investment / Re: Binance Responds To #BinanceStopScamming With A Letter To Nigerians by Sailor1: 9:31pm On Jan 29, 2022
Paxxcarl:
But wait o
If I bought usdt from a p2p vendor
And it was discovered that the crypt0 sold to me was involved in a fraudulent transactions will my account be flagged as well?

Nope... it's the person who first received the marked coins or coins from a marked external wallet that has questions to answer.

On certain exchanges like coinbaz, if you receive marked crypt0, your account is automatically blocked

1 Like

Investment / Re: Binance Responds To #BinanceStopScamming With A Letter To Nigerians by Sailor1: 9:27pm On Jan 29, 2022
Newboss:
These guys can literally steal your funds and claim law enforcement. You CANNOT verify their claims.

This is the best setup for corporate scam. The very best.

After the outcry, they now give details of what law enforcement agent to contact. Do you know anyone involved?
Investment / Re: Binance Responds To #BinanceStopScamming With A Letter To Nigerians by Sailor1: 9:25pm On Jan 29, 2022
mrikay:


Ask them to bring the request from government. My brother's account was blocked... My little sister with only 150usd which she made from Shiba Inu... her account too was blocked.

Shey na Buhari give the order too?

When they say law enforcement agencies, its mainly requests by international agencies who can track movement of crypt0.

BTW, what reason was given for blocking your brother and sisters account?
Investment / Re: Binance Responds To #BinanceStopScamming With A Letter To Nigerians by Sailor1: 9:21pm On Jan 29, 2022
DaveHarry:
So it now means crypt0 transaction is no more decentralized if they(binaz) can restrict customer account at the request of "govt" law enforcement agencies. Too bad we were been deceived with that word "decentralized", too bad.

Lol... binaz is a centralised exchange and rightfully has to comply.
What do you think the documents you submitted on sign up were for? If needed, they show that to relevant authorities
Investment / Re: Binance Responds To #BinanceStopScamming With A Letter To Nigerians by Sailor1: 8:30pm On Jan 29, 2022
excellence44:
Way to go. It means more personnel likely of Nigerian descent will be employed to the African market.
But wait oh, a while 38% were cases of fraud from international crime agencies. Guys we can do better.

Hehe.... The Nigerian market is one that most exchanges cannot ignore.
Binaz got loads of customers after they pushed ads on Nigerian platforms e.g Nairaland. Even @Seun had to relax his crypt0 rules when the ad revenue piled up. Same binaz is a major sponsor of AFCON.

Of late Kuc⁰in has been running loads of ads on nairaland.... there's something they're all seeing

140 Likes 7 Shares

Investment / Re: Binance Responds To #BinanceStopScamming With A Letter To Nigerians by Sailor1: 8:25pm On Jan 29, 2022
nrexzy:
Wahala don dey be dat

It's 280 accounts out of thousands. It goes that most folks who had their account blocked was cos of a serious infarction

36 Likes 2 Shares

Investment / Re: Binance Responds To #BinanceStopScamming With A Letter To Nigerians by Sailor1: 8:23pm On Jan 29, 2022
jonili:
Una don enter one chance

How?
The explanation seems sensible. Crypt0 is global and such a large exchange will attract scrutiny

27 Likes 1 Share

Investment / Binance Responds To #BinanceStopScamming With A Letter To Nigerians by Sailor1: 6:59pm On Jan 29, 2022
The CEOs response following the previous thread https://www.nairaland.com/6957498/binance-stop-scamming-us-nigerian#109708402

A Letter From Our CEO To Nigerians: Our Commitment To User Protection
2022-01-29
Dear Nigerian Binancians,

The Nigerian community is one that brings me great pride. Since the inception of Binance, Nigeria and Africa at large have been very special markets to us and for crypto. On hearing the concerns raised by the community, I decided to write to re-emphasize our commitment to you.

First and foremost, we are sorry for the inconvenience caused by delays in resolving your customer support requests. User security remains our top priority. We love and are devoted to our Nigerian community, but we must ensure that our users are safe. As such, protection mechanisms such as KYC, anti-money laundering measures, collaboration with law enforcement, and account restrictions are in place to ensure our community remains protected and that fraudulent activity is prevented. This is a global approach applied in every country.

Some 281 Nigerian accounts have been affected by these personal account restrictions with approximately 38% of these cases restricted at the request of international law enforcement.

Regardless, we owe it to you, our users, to deliver the experience you deserve. Your trust in us is important -- and here’s what we’re doing to rebuild that trust:

Ensuring speedy resolutions of ongoing user cases tied to account restrictions: Currently, we have resolved 79 cases and continue to work through others. All non-law enforcement-related cases will be resolved within two weeks.

Devoting more customer service personnel to the region: We will dedicate more CS and risk agents with a great understanding of the Nigerian market.

Rest assured, we are working hard to attend to all customer service requests

Thank you for your continued support and patience.

CZ

https://www.binance.com/en-NG/blog/all/a-letter-from-our-ceo-to-nigerians--our-commitment-to-user-protection-421499824684903365

39 Likes 3 Shares

Investment / Re: Crypto Currency Investors Thread by Sailor1: 8:02pm On Nov 08, 2021
Response01:
Buy $LABS and $DAFI now. You will thank me later.

You can check them out on CG or CMC.


Hehe... Where I go buy am?
Also, what if it doesn't pump...what do I do to yo later?

5 Likes 1 Share

Investment / Re: Crypto Currency Investors Thread by Sailor1: 7:56pm On Nov 08, 2021
chem58:
Good evening everyone, please who have idea on how to sell edcoin

How did you buy it then

4 Likes

Investment / Re: Investing In Digital Currencies; Looking At The Bigger Picture by Sailor1: 3:15pm On Nov 08, 2021
2ubaba:
Thank you sir, i would have to look up this 21 weekly ema i dont know how to determine it on a chart. Do you know something or a material i can read up. I notice that a coin looking bullish doesnt necessary mean it will pump.

A Google/YouTube search should bring up lots of useful materials pn EMAs and how theyre used

The ema (exponential moving average) is the average of price over a given timeframe. The ema is more rated to recent price than just the MA which some use..
The next part depends on the timeframe you're looking at.
On a weekly chart, the 21 week ema averages orice action over the past 21 weeks. On a daily chart, its over the past 21 days and so on.

The EMA adjusts to whatever timeframe youre using. It could be set to any number but 5, 20, 21, 50, 100, 200 are mostly used by traders. Personally, I use the 21 ema the most.

I've attached screenshots of how to set it it up on binaz which is largely identical on any charting platform. Note, you can set multiple ema's to appear on same chart... But I limit it to one to help with clarity.
First, you select what timeframe you want to look at, go to settings>>indicators and manually fill in the value you want the chart to track and tick it on the left so its active and appears on the vhart

1 Like 1 Share

Investment / Re: Investing In Digital Currencies; Looking At The Bigger Picture by Sailor1: 3:07pm On Nov 08, 2021
GabrielYulaw:


Good morning. I do see a lot of potential in it and that's why I wanted to get your opinion.

BNB is too expensive and I'm looking for the best BNB alternative right now that will provide solid gains in the future. Got any thoughts in mind? wink

The cheap fees are only within the Trust wallet app I think.

You're making the mistake alot of new folks make which is why they go chasing useless coyns that wreck them.
Expensive is not based on the price. A 3 dollar coyn can be more expensive than a 20k coin. Example is Bitc0in nd xrp in 2017. What matters is the expected ROI, risk/reward and in some cases market cap

If you see a potential in it, then you could go for it. Personally, I don't know the coyn that well and dont much organic utility in it to drive demand... Hence, of playing it, I'd do that same way I'd play any other micro

Structure wise, it looks good. A relatively new coyn hence doesn't have as much bag holders. Downside is that it's there's not as much data as others. It's also broke thru previous ATH and is in the process of flipping it and the weekly support- why I said it looks good

1 Like

Investment / Re: Crypto Currency Investors Thread by Sailor1: 2:44am On Nov 08, 2021
On betece weekly...

Is it just me, but the arrowed weekly close weeks back seem to set up some vibes in me... I always pay attention when I see such candles on a HTF... Hopefully, the push-up today doesn't end up as a short squeeze before a selloff...

The opposite way of looking at it is that bitc0in has had 3 successive weekly candles open and close above 60k which was a prior resistance level which is bullish....

That's the good thing about charts.... One chart can tell two stories

7 Likes 1 Share

Investment / Re: Crypto Currency Investors Thread by Sailor1: 2:35am On Nov 08, 2021
Sailor1:


One timetested strategy for gaining entry into strong coyns during a bullrun is to wait for a retest of the weekly ema... Eventhough the market may look shaky, sometimes, these things have a way of adding up. Mostly, it gives the best risk/reward in a trending market... Reason being that if it looses the weekly support, one would still get an opportunity to cut at close to break even

Many times when folks buy the top, its simply cos they refused to zoom out. Personally, I wouldn't enter a coyn at this stage of the market without looking at the weekly chart... it's an easy way of filtering out the noise


This principle stems from the fact that in a bull run, bitc0in and most strong coyns will generally hold their 21week ema and keep bouncing off them until they top out.

This is ada which is hugging support.
Next is xrp which has also bounced off support

1 Like 1 Share

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