₦airaland Forum

deewhydoski:
Why is it that anytime I convert my koin in bin.ance to another koin there is always deduction in my USD? I converted from doge to euro

Ever heard of trading fees?
Binance too go chop na. There rate of 0.1% are one of the lowest in the industry
You can get small bnb and choose to pay with bnb. That way, you pay only 0.75%

What a bounce.... Wahala for those that panic sold into the dip

Sailor1:
You're unlikely to go wrong in the longterm with those two.

For me, my purpose of trading is to acquire more cash. That's why I follow market cycles and try to go where next its happening and take an early sit..

Fact is, for now, the upside on most majors are more than those two cos majors have some catching up to do...

I suspect betece dips this pm or tomorrow before taking 42k next week and accelerating. Of course, alyts will stall during this but will catch up violently...Lets see how it all goes

Stop watching your charts all day... It's the easiest way to make emotional decisions.

If you piss your pants and sell anytime betece has a lil dip, then you're not making the right trades. You'd likely lose in the long run. There'd always be dips. Nothing goes up in a straight line.

The reason why it's important to take profit on the way up is so you can add on significant dips

I made the quoted post earlier today. Move back and see the HTF, betece rejected brutally from 42k. It'd be unlikely for it to whiz pass it.. A pullback was very much expected and healthy too... As a matter of fact, even if it dips yo as low as 35k, I wouldn't be bothered.

Grab some coke and relax

Lordseyad:
Boss.. Can u pls interprete this for me.. Just to be sure.

Ethy is going down.. Nd I wanna jxt sell it off if it still comes all d way down to 1500.

I'll prob get something small on it considering I bought around 1400...

Wanna do this, then buy again.. Thanks.

You sell at 1500, you'd likely end up buying higher than 1500. Look at the HTF.... If it dips low enough to 1400, I expect buyers to step in.... Let's see how it goes, but not expecting a dip below 1400

Hadsty23:
Hope you educate us when it about bearish

I just made a post on it... No one can time this market...we can only make sensible predictions...

Ebowo:
have u bought from someone before?

Nope...but I dont see an issue if you use someone with a good rating, and high completion rate

mulannoire:
Sailor and OpenHeaven may all your investments moon....your advice on here has been eye opening thank you. When you say 'take profits' do you mean selling your whole stake in a c0in or literally taking just the profits made on initial investment? Also, what c0ins are you holding and not selling for at least 3 months? My current portfolio looks like this.

Amin...

Taking profits mean different things to different folks... It all depends on how you want to do it.
Sometimes, it means selling part, sometimes selling all.

Regarding your portfolio, not a bad split but na u go decide how u wan run am..
I'd add that after a coin has moved significant, it might be worth taking profits cos they'd usually stagnate or sell off E.g aave... I'm not saying sell it now, you can wait gor a bounce...

When u sell high, you have extra fiat to buy dips.

For duration of alyts, seriously, I cant say... I'm playing it step by step... We're getting into the second month of this boom. If I'd hazard a blind guess, I'd say March may bring some correction.
On the HTF,
If betece, takes 42k and accelerates, eith will move further up when betece settles... That would likely mean another explosive run by alyts in Feb... Towards the end of that smart folks will start looking to take profit.
In summary, I'm playing it step by step..the market can turn at anytime

pragmatistm:
Can one still buy ADA now? @ sailor please

I'm not a fan of buying a coin that has done almost 100% in a week. I'd advise to look for other options

tolulope2021:
@jedisco

Thanks so much for your contribution,I gained a lot from you and others.

1. I want to ask,I have do.ge.coyns on bun.dle. but since I cant sell or buy...is it abvisabke to sell into usdt and transfer to bina.nce usdt becos I can't transfer directly from do.ge.bun.dle to do.ge bin.nce..is that a good idea?

2. I wanted to transfer eith. From my bund.le to bin.ce but I saw the charge like #2500 . I think that's expensive....what's cheapest means can I take?

Doge is very risky. If you're trading it, be careful.

1. Either one should be fine. If you still want to hold doge on binance, then it's better you transfer it that way cos selling into usdt first will incur some charges.

2. I'm not sure which coyns on bundle have cheaper transfer fees. You can try other ones and see or chk up bundle FAQ section and see their transfer fees.

That said, bundle is relatively new and limited to Nigeria and Ghana. I'm not sure how they'd fare with this ban so it might be worth just transferring to Binance

This is a post from another thread

sailor1:
What really gets on my nerves with this CBN decision is the propensity for African countries to keep making wrong decisions.

Anyone trading crypt0 knows this ban does nothing. It'd even make it easier for fraudulent folks to escape the law.

Even if some folks were using it for fraudulent means, stopping or placing a ban on it wouldn't help in any way. Internet fraudsters had existed in Nigeria before the first bitc0in was mined. Politicians have been ripping our treasury off even before crypt0 came into existence.

Let's compare what the CBN did to what Western countries have done with crypt0.

1. They mandate crypt0 exchanges to keep very clear KYI data on all their customers so as to be able to identify transactions.

2. People are mandated to pay tax on profits you make on trading. You can submit your trading details. Eitherway, some exchanges will submit all details of those who traded significant volumes to the tax office to peruse. I have attached the guidance from U.S and UK tax agencies
https://www.irs.gov/businesses/small-businesses-self-employed/virtual-currencies
https://www.gov.uk/government/publications/tax-on-cryptoassets/cryptoassets-for-individuals

3. Certain banks in the West allow people to buy crypt0 from their banking app with the click of a finger. Paypal recently started allowin their U.S customers buy crypt0 in app.

4. Some countries mandate users to keep details of where they withdraw crypt0 to.

Now these same countries ask our CBN to ban crypt0 and they follow? Would the U.S or U.K cut such huge amount of cash inflow from any country?.
If the FBI is worried about fraud through crypt0, then they should ban it in the US.
But then, U.S companies have slowly started buying up bitc0in in large amounts. Today, China controls the mining and the West the exchanges, tomorrow when Africans are left out, we'd say bitc0in and crypt0 was created to make africans poor. SMH

road2ff:
Your take on REN my little knowledge of T.A says it might take a push up as it seems to have found support around 0.7 region, would appreciate your input

I'm not so keen on ren again as its wicky doesn't hold structure though its a good coin. I offloaded some at 0.95
Looking at the hourly chart, it was rejected from 0.1 and dince then, it's been on a downtrend (lower high lower lows).

It may have found support at 0.7 buy it's not yet confirmed it. At least, you should be looking for it making a double bottom with strong demand at 0.7 or it getting getiing above the last high of 0.82 and making a higher low or confirming 0.8 as support before entry.

The 4hrly chart doesn't look like it's bottomed... I suspect it might touch 0.6.. that'd be a good entry if it happens

Hope its clear?

bizzibodi:
There are many Alts that performed more than betc & eity with there short life cycle.has been around for a decade.
My advice if yo hand cannot reach bit & eity
U want to go long term buy other alts: most of them are improvement in function & technology since cripto are immutable , cannot b altered to improve upon or increase more coin in circulation:to overcome those short coming,fork of koins are created with improve applications, acceptability & are cheaper to posses...in crypto world d" beautiful koins are not yet been crypted" who ever thought other koins wuld come after betc....just imagine doggie of $0.00039116 in 2013 now has increase of 10,554.53% in 7yrs.who dey look doggie before,some can do it in 3yrs.
Patience is the key.

Let's forget about technology and all that suff, we are here to make money.
I keep saying it, making a coyn is not hard... There are over 5000 of them. It's getting people behind it longterm that's difficult.
Things don't seem obvious now cos were in a bull run..
But soon enough, the music will change.

You mentioned doge, I've attached its charts agaist betece for the past 5 years. What exactly do you see? Some folks think it's today doge started pumping like this... Not at all.. looking at thst chart, it's obvious what happens at regular intervals. Same thing will still happen this time. If in it, it's advisable to make profit and leave before the music changes

I'd ask, can you tell me one coyn that has bern here since 2017 that has cummilatively performed better than betece or eith? Cos I can't think of any.

Gsilk:

I got in on XLM too! Link is the one taking its time but patience is a virtue... sometimes

There are some coyns worth waiting for...

For now its looking like ADA>>>XLM>>>(LINK/LTC- to be identified). After that, we move to micros.. In the meantime I'm accumulating Zil and waiting for an entry on theta

REUBEN010:
@Sailor1
I have betece and Etherum as my base currency so that when they start their runs I won't miss it. Is it a good idea?

You're unlikely to go wrong in the longterm with those two.

For me, my purpose of trading is to acquire more cash. That's why I follow market cycles and try to go where next its happening and take an early sit..

Fact is, for now, the upside on most majors are more than those two cos majors have some catching up to do...

I suspect betece dips this pm or tomorrow before taking 42k next week and accelerating. Of course, alyts will stall during this but will catch up violently...Lets see how it all goes

Gsilk:
Yo! Thank you for making me wait on ADA

Good to hear success stories...
Its good to take profits too... cos that all that matters

For now, the next runner has come forward ready to take the baton... XLM... my eyes on you

cuteesthy:
is Betece in Binance cos i have been searching for it
i bought XLM nd ADA nd it's giving me joy...na ur anlysis i dey follow oo

Hehe what else is betece? Bitc0in of course. (take away all e's). I spell it that way cos of spambot.

I'd advise to also look at what others are saying so when I am wrong, you don't get burnt. It's for you to process it all and decide on your trading plan

Ojemedad:
Last night I got burnt by Btc and eth

Ada rescued me a little, I got out too early also on Xlm

Seriously,I have no idea what you are doing.
betece and eith ae just ranging and you are getting burnt? What exactly is happening?

Wahala for those wey panic sell based on CBN memo

CBN has put a wrench in peoples alyt season

Like I said on another thread, folks waited 3 years for this.. We put in blood and sweat in the brutal bear market.
This alyt season might end sooner than we expect... If I don't benefit from it, I would not endure the next bear cycle
The last distraction I need is the CBN wahala... Let me make profits and keep it in USDT, when the time comes to withdraw, I will sort that out...

ADA... when ada runs, it runs
Always remember majors that made you smile

Weekly targets are clear.. Next target is 0.8 and ATH of 1
Personally, I believe it wants ATH but will start taking profits from before 0.8 (incase it's frontran)

Remember
Betece hit and surpassed ATH, Eith followed a month after
I expect majors to follow same path
After that, midcaps and micros will take over and cause serious wahala... perhaps in the coming weeks.
Market cycle is key

Majors I'm looking at... XLM (already started moving), and LTC...
LINK has been stalling... the more it stalls, the more explosive its run.

UncleKoboko:
How is 462 and 472 reasonable when Naira fiat deposit is at 385?
Naira fiat deposit is currently suspended though.

p2p mimics the market price which is not 385
What platform are you talking of?

REUBEN010:
Please where do you run your TA?
The binance chart on my mobile phone has small candle sticks that makes it difficult to identify levels.

It depends...
sometimes I use investing(dot)com app or binance on mobile. Of recent, I have tried out tab trader on mobile and it is smooth and clean

When I want to do serious work, I use trading view on a PC

UncleKoboko:
USDT is very expensive. It's about 415 per coin. Fiat Naira deposit has been suspended so you can't fund your wallet.

I'm seeing 462-470 on binance

REUBEN010:
If you were to be a prophet, I'll most gladly be your first disciple. Your analysis is almost 100% accurate. You've done so much for folks here and for this, I'm grateful.

Worth noting that what I said will seem more and more unlikely in the coming weeks until reality hits.

The reason I say some of these is cos of what I learned in the past.
I started trading cryto during a bullrun and then I would see betece as a waste of time as alys would give me multiples of it. When the market turned, brutal lessons were learned quickly.
Its interesting seeing same thing happening over and over again... This market truly flows in cycles

UncleKoboko:
I can't fund my wallet on binance.
There's suspension

You can use the p2p option... Here you can buy usdt or other coins from someone and binance serves as a means to regulate the trade and ensure it is safe. Folks here have used it

OpenHeaven2019:
This man knows what he is saying.

For a fact, I think btc is about to break ATH and dominance gathering momentum, which means alts would likely see huge correction according to the size of their pump. But I am holding alts with fundamentals and that are likely to pump along btc

IMO, alyts still have a way to go. Eith will likely double its breakout level, most majors would hit ATH and surpass it in the coming weeks
Of course if betece crosses 42k and accelerates, I expect alyts to stall and perhaps lose value against betece. When it settles, they'd resume their pump
We've started the aylt season and is should continue and even get more irrational till this market cycle ends.

My post was a reminder for folks to keep things in perspective cos as alyts continue to pump,betece will seem more like a waste of time until....the market turns. It's only a matter of when

Divay22:
How is that vpn process please...
I did a panic withdrawal yesterday... Thou I'm happy because Eith keep going down on luno every seconds.... I really would love to buy again

And how will you buy?

Once they open deposits, it will shoot back up.
ngn is already rising on binance even with the deposit ban
If you are still interested in eith, I will advise to use p2p to fund your account... I believe eith still has more upside

Gsilk:
You guys sef!
"Hello, I'm new to cry.pto where do I begin?", "i just downloaded ly.no how do i fund?" . You don't want to read this thread from the beginning and see people's experiences first abi? On something that involves your own money you still don't want to do a little work? well, what do I know sef? you gon learn

True talk...
some will say, 'I'm new here, teach me how to trade crypt0'
You must not read the whole 100 pages...but get some info and ask specific questions

REUBEN010:
Whoever has ATOM in his or her portfolio should go check it out. It's not doing bad.

I was screaming ATOM for weeks since it broke ATH. Got in at 8.1... Today, I'm smiling. It was an obvious easy play
Its so easy to make money in this market by following basics

THURAFTERNOON:
this is yet another golden thread on nairaland that's if se.un and his gang would allow it stay.

the govt should understand that they can't do anything to stop crypt0currency. also, since the effect from 2 days ago, I'm sure they didn't realize alot of more youth piqued interest in the topic and started to make research. Like myself, I started to invest in altcoins January and I hope to continue to build my portfolio till the end of the year. I've identified to be a long term crypto investor (min 1yr HODL) in just few days I made research and invested in some coins, believe you me I already got some $ increase which I believe if I can leave all for minimum of 2yrs I'm going to be making good profits. Reading this thread, I already saw brothers doing the good work to recommend good projects to invest in that's great one. I am also hodling the following projects as I've invested in them; ADA,VET, DOT, BAKE, TWT, CAKE . as a newbie investor, don't forget to always DYOR (Do-Your-Own-Research). i just got to know about zil, win, btt from this thread so I'll make sure to DYOR and see if I can add them to my portfolio ....in this game too, u have to have real patience. it's not a get rich quick scheme but you can get surely get rich overnight in investing in the right projects..

may we all reap big. the country will never kill us .

Good stuff you've learnt. But let me address something
Altys and HODL do not go together oooo
Extremely few alyts will give better return over the long term than betece and it is difficult to recognize them
I believe in patient, long term trading na why I dey advise
If you're looking at years, then I would blindly say that by far the best performers will be betece and eith


I have been singing this thing like a song over and over again but most folks think I no get sense

We are all here to make money and not to hodl blindly. For longterm buyers, aim will be to buy close to the bottom of a cycle and sell close to the top. Simple!

This is the worst time to buy alyts for the long term- you don't buy alts for keeps in an alt season.
Alyts are poppin because smart folks are using them to accumulate more betece. They sell their betece into alyts and when they pop, sell back and have more betece. In this market, think against the majority.
Have you noticed that when betece accelerates quickly alyts stall or dump? Thats cos people are exiting alyts into betece.
This market will become more euphoric and what I said will sound more archaic until reality hits. Alyt profit of months will be wiped out in days

This market flows in cycles. After 2018, we did not believe we would have another alyt run like it. But we are having it today. So also the bear market will come and your most coveted alyts will be close to zero.

I will stop here, but for further research, look at the top 10 alyts of 2017 season and see how they fared. Be safe out there.

lovinhubby2wife:
Your DOGEUSDT 0% Interest Isolated Margin Voucher for the 200.0 USDT loan expires in 24 hours. Interest will be charged on the outstanding balance.

Please what's this about. I just got this text message this morning

seems you are margin trading doge... isn't it?

myonekobosay:
premium tears loading. Looking forward to buy ETH at $500

It was below 500 for most of last year.. why did you not buy?

If it drops to 500 today, you will still not buy
The fact that people like you are still on the sidelines tells me we have a good way to go. Please remind us when you get tired pf waiting and FOMO in so we can start distributing our bags.

REUBEN010:
ADA is currently testing the 0.6 level. Hoping for a breakthrough soonest

Its broke the 0.6 level.. Its dealing with the 0.69 levele

The weekly resistance zones are well outlined from 2017/018