₦airaland Forum

billyG:
From yur analysis do U think ethy will still do 670k run over d wkend?

I'd have liked to know but truth is I don't. Also, I dont trade ngn pairs so I'm not sure of the targets.

I trade more on the HTF. I've been in eith since 350, took some off when it hit 1200 to settle other stuff and buy a lil back lower. I'm letting it ride and not too focused on the daily price movements

Ojemedad:
Hello house, I'm trying to move some btc from my paxful account to binance, this is what I'm seeing, address not correct , and I scanned d code

Hmm... Careful brother... Maybe address type you copied.
When you get it right, dont move everything at first. Move some and when it arrives, move the rest

TheEnlightenedO:
Boss all this technical this technical that; I have never used in my life, been doing cryp 3 years actively now, made millions of it, and I have never spent 5mins going thru any technical bs, nor have I ever been part of any cryp group. This is the first thread I’ve ever been a part of. I trade off my own instincts and targets; I get info from places like this, Reddit, Twitter and the news but that’s bout it. I couldn’t tell you what technical analysis was in my sleep kolagbemi

We don't need to agree or use thesame pattern to be successful here. Most important thing is to develop a successful pattern and stick to it.
I only started making money here when I got to know the basics and that has helped me tripple my portfolio in recent weeks.
I just knew that bo market moves randomly. There must be some underlying factors. Though not certain, the ladt thing I'd do is buy randomly and hope it goes up.

My recent trades have been listed here...
I got into altys heavily late December.... I lost initially but I new there'd soon be a cycle change cos I studied past cycles.

Most of them coins I traded have atleast doubled their value. dot, aave, uni, band, ren, xrp.. I'm still holding small movers such as lite, eth, link e.t.c. I didn'tpick those coins randomly. I studied their charts and picked my entry points in a draw down.

Let me explain something further, for you to be successful, you're likely doing something right which you may not even know of. You targer the lowerst and highest traded price for the last day and use it as a guide for your days trade. What you're doing, although quite crude is recognising support and resistance zones. It's a time tested basic of trading and works.

Like I said, we don't have to agree to make money. I'd be scared if everyone agrees with me. I don't rely on instincts to trade. I plan my trade and trade my plan.
I share how I trade and my pattern here. Share yours so we can learn too.

bradwilli:
i have decided to quit now. I just lost 155k trying to use Market limit to sell Xrp. Maybe i did not input the price properly. I quit. Leaving this thread. Someone bought it before i could realise my mistake. Wish you all good luck. I will come here once in a while to see the progress

Not happy about this.... Sorry for your loss

You're losing monry on basic steps. This market is unforgiven. Folks will take fron you with no mercy.

Frankly, I don't understand what you did. Like someone said, even if you set your limit order below the market price, it would take higher offers first. In the past, I used to target lagging orders on luno when there was great volatility and sell for profit.

That's my issue with exchanges that have low liquidity... Good liquidity would have saved you.

kolagbemi:
Thank you.

For new biees like me, can we begin to get more insight henceforth by understanding few concepts.

I'm trying to understand the below concepts under Technical analysis.

Reading Candlestick charts.
Reading Candlestick wicks.
Understanding and using trend lines.
Understanding Support and Resistance Levels.
Understanding Trading Volumes.
Understanding Market Caps.
Understanding Relative Strength Index.
Understanding Moving Averages.

Recommendation of YouTube videos or channels will be appreciated.

No one can say what betece would do in the immediate future. Thats a fact! Dont waste your time looking for signals.

First, you have to open a Tradingview or similar account. There you can load up indicators such as RSI, MA e.t.c.
No indicator is certain and all have their variables. The more indicators you use on a chart, the more variables you introduce amd hence difficulty in analysis. Nothing beats simplicity. Keep it simple.


Experience and learning from it is key... Learn from past mistakes, if possible write them down and you'd get better with time.
You can't get rich in this space by blindly following someone's trades. Most money I made was on opportunities I saw that very few were talking about. In tgis space, I'm more comfortable with a trade when most thibk it wouldn't work out than when most think it would.

For YouTube channels, i found these useful
One by Bitcoin jack
Crypt0 crew university
Benjamin cowen

There are lots of analysts and they don't usually agree. When they agree on a trade, the market does the opposite. that's why its good for you to know your stuff.
You have to master your emotions, trade against them so as to master that of others. In that way, profits are made

Houston17:
Please house, I got BTC for 40k over night via card on Binance. I was charged 400 for charges but when I got alert from my bank and I noticed I was charged 47279. Can anyone explain to me the excess charges?

We've said it tumes without number. DON'T BUY DIRECTLY WITH A CARD ON ANY EXCHANGE. LOAD YOUR ACCOUNT AND BUY AT A CHOSEN PRICE!!!!


The price of betece is not fixed, it fluctuates ever second

SenecaTheYonger:
For real? Damn. I just used to buy from NL sellers. But this is good.

Hmm... Youre sitting on a long thing

FlyHeight:
Reddit says they not done with Doge yet so I’m gonna see what’s happening, it’s low so might buy me a bit and test the waters, chances are I might lose it, but whatever the outcome; I’d let y’all know latest by Tuesday. I’m going to really gamble with it.

Hehe..
I'd hazard a guess that alot of folks are too burnt and looking for a way out. They are willing to sell into any pump... except if those folks capitulated ans sold low.

FlyHeight:
I noticed this too, people seem to think it’s quick money, it could be but like they say easy come easy go...
They have to understand the basics before even attempting these trades. I also noticed people ask for longterm and expect short term results... I can categorically say that if most people on this thread took the advise you and a number of us have given about sticking to ethy, they would have averaged at least 10% a week by now. In my own opinion 10% isn’t bad. On an average day I make just close to 2% most times a little less, some days it’s immensely more. But I already had my phase where I got burnt unnecessarily trying stuff. Now I know from my experience that I can’t lose holding eithy and big b, like I said I bough Big B at 10k when people were saying it’s too expensive, at the time I felt a little stupid cuz I spent tens of thousands buying, but my bro, by Dec, I was smiling like a roasted goat... if anyone on here bought at over 30k, my advise is hold. It won’t be long, see it as a piggy bank; my entire net worth is in cryp not cash, that’s how much as I trust the process. Hoping from one qoin to the other will simply increase the losses

Mt main acct was banned for reasons unknown to me

10% a week aint bad.. Most folks fail to see the big picture... They want to get 50-100% everyday. Easy money goes easily... Looking at things from the macro perspective helps to keep on e levelheaded and not be dinner for sharks

FlyHeight:
For the sake of all the guys asking for my number, I’d drop my alternate number but please I do not teach, I can explain one or two things but I don’t know how to teach nor do I have the time to do so... I can however give one or two pointers... I do not take calls either...

I'd say if this thread is to grow and for us to have a community, then its better most general creeptow discussions are held here.
I was on the agrotech and Treasury Bills thread and what helped those were discussions held there. Others can contribute and scrutinize. Of course, private discussions can be done privately.
Seems what most folks are looking for is someone telling them to buy and sell here. To be profitable in this market, one has to put in some effort. Else, its better to buy and forget it.

FlyHeight:
True it does at some banks, but you know our country, ask the right person in the branch and they’d hook you up... How do you think most of the abokis get it, most of them hoard... I can’t mention the bank names on here cuz I intend to continue exploiting the loophole for a long time and everyone is on Nairaland...

Hehe.. I need more info on this.. can I send you a DM?

billyG:
Will it b profitable to trade NGN agst any crepto or fiats?

Trading naira against other fiat such as USD is mainly profitable when the naira depreciates or you have a better exchange rate.
For creepto, it can go both ways just like any investment. You can loose or gain

FlyHeight:
True, I lost a lot in the beginning before I was able to master it, but then I learnt how to cut my losses and make up for them.


I however still hold quite a bunch of coins offline cuz I believe there’s a lot more for eith and b to come in the next 2 years

Yeah, it takes a while.. I'm not suited for day trading...

Not completely sold on this eith move. Alot of degenerate folks are trading with crazy high leverage. In such conditions, the market likes to flush them out.... A significant move usually happens when most are expecting a pullback... But then, its altyz season

FlyHeight:
A number of banks that still allow WU/MG transfers or Dorm accts (you’d have to be an Acct holder) and also sell at CBN rates (not the ones that require you deposit $ yourself, those who would auto debit you); you’d need to have someone in the states with a verified cry Acct though, you send them 1k @ 390 but I say 400 cuz it’s Nigeria and you have to look out for your people if you want them to keep you happy, your liaison gets it & buys u cry worth 970 the 30 for charges & sends to ur Luno 970 @ 481 (as at yesterday) gets u 466k no trading involved

I don't get.. how do you buy at 390 from the bank. Usee to think those applying for such rates had to be for tavel or other purposes. Please throw more light

FlyHeight:
Yes most of hold outperform day traders and that’s cuz most people who claim to be day traders do panic sales and buys... And trade based on hope, I used to hold heavily until 2018, I started day trading in 2018, and it’s worked a lot better than holding; but then again I’m naturally a gambler and a risk taker & I play poker... I prefer picking my 1-2% daily and whenever there’s a major uprising i grab as much as I can. I always keep my initial capital in an offline wallet though that enables me ensure i have savings and a back up plan.

I’ve made a lot more of my day trading than of my holdings... then again I also have the time to monitor and the know how... When Mining was a thing, I mined but now it’s not profitable at all, so I stuck to day trading. There’s a racket at the banks that even allows you buy $ at 400 which allows me make close to 15% without even trading, hence why I don’t feel the Luno charges cuz they swap out $ at 481

if it works for you, stick to it. You're an old hand.
Its the new folks who want to start with day trading I pity. If you must day trade, you must be sensible while having a heart of stone.

What's this racket in the banks about?

FlyHeight:
I have real love for eith cuz I feel it’s a lot more secure based on volatility than betece . I probably have more faith in it than the latter

People get carried away but betece but forget eith has outperformed it over the last year. I trade my alts to accumulate more eith and fiat

FlyHeight:
True, but I think if one has the balls and the capital, they could easily cash in on the uprise in and out, more like a hit and run...

Yeah if you have the skill.
I switched half of my dot profits into eith and once eith settles, I'd move some of my eith profits into link, ada and ren as those should follow ferociously.

But most times, those who buy and hold outperform most traders in the long run

FlyHeight:
I agree with your POV on this Sailor... Eith hit its all time high today and would more than likely surpass expectations over the next couple weeks

The fact that the market is calm and waiting for a break and also Eith is sucking up all other altys and even betece strengthens my conviction on this move. If it breaks it, then brother the party begins. I have been waiting for this for over a month

Tinneh:
Thanks for the explanation buddy
I just login my luno account after a long while and I discovered I've made a huge profit on my Eith Investment(though not yet up to my target)
I'm confused whether i should withdraw or hold on...Also would u advice withdrawing on luno or I should transfer to binance before withdrawing

Sorry for the bugs na learner I be that's why

By withdrawing do you mean selling into naira? In that case, you can do it on Luno as the charges though higher than the rest are negligible.

You hold the final decision on when to sell.
I'd say it depends on your entry point and target.
What was your entry point in USD?

As an advise, it's seems ready to break its ATH price soon. I'm not a fan of selling soon after that moreso in a bull market. It's currently accelerating, so I'd advise to hold on and see what the market does over the week. If it makes a significant move up, you can take some profits and observe.

I've outlined here how I plan to trade coins who have broke ATH. I've got some Eith and I'm not planning on selling soon except I see a clear change in market trend. That said, I monitor the market more closely.

If betece holds and it seems it would, then Eith could easily reach 2000 usd in a few weeks

Tinneh:
Is it possible to transfer my eth from luno to binance then withdraw?

Of course... That's the main essense of creepto. You can potentially transfer any sum from one part of the world to another in minutes at almost zero fee

You can transfer coins from your account on one exchange to another and sell into fiat. Just make sure you select the right coin and 'copy and paste' the wallet address. Some exchanges charge a small fee for deposits, withdrawal or both.
If it's your first time, you can first transfer a small part initially and see how it goes. Another option you could try is Bundle Africa- much faster and easy app to use though binance offers slightly just better rates.

In the past, when there's high volatility on eith and the price on luno is lagging (cos of it's low liquidity), I used to market buy on luno (despite the higher fee), transfer to binance and sell for profit. Not done that in a while

Umarzy:
Nice thread guys!

I have been reading through and there are lot of priceless info here. Well done

Just to add some things. Investing in crypt0 when it's at a low price is the best. And also low caps project flies so hard.

The market capitalization is a crucial factor to consider.

Here is an asset i called to invest for guys in my group. Called in September 2020 and we are already 2200% up. Meaning we made 22x of our capital already

I'm basically a HODLER and i use Fundamental analysis majorly.

Good profits if traded.
Personally, I'm not a fan of holding microcaps or for too long. They can go from 0 to 100 and back to zero. I take profits or flip into betece. There are still some few exceptions though but I consider them higher risk than mid and major caps as they are extremely volatile and are easily used for pump and dump scams.

Eith seems intent on breaking ATH...
Profits I rolled from dot into eith getting bigger
After a break od ATH should come the real excitement.... We would get a proper alt season afterall..

My advice to folks is simple, don't jump on every moving train. Preferably stick to a few sensible projects, take good profits on the way up and add on dips. If played properly, one can easily x2 their portfolio.
Dont hop on a coin that has done 100% in a week, wait for retraces.

luvlyoracle:
So which coins currently are aiming ATH at this moment

Crossed ATH not just aiming...buy support, sell resistance. Its like buying betece after it crossed 20k and was ranging at 22k. A lot of folks take profit around ATH so once a coyn crosses it and holds, it accelerates quickly

Although alts do not respect levels like betece, ATH would be the heaviest resistance for any coin before accelerating. Its important to buy what has held or flipped that level.

Three options I'm looking at are Link, Ren and Atom. If betece does not dump, I expect them to at least double their current value in the coming weeks. A bit skeptical about Link (though it's the strongest) as everyone seems to have jumped on it. Remember to monitor market conditions before buying and not to FOMO into a green candle.

luvlyoracle:
Boss...goodday
Do you think Vidt is a good buy

On alsts, I do not spread my wings too much so I can track what I have and leave when its time.
I don't know this and have not traded it. Looked at its chart, its a microcap, nothing spectacular, pumping like everything else. Microcaps are very volatile so I trade them at the right time.
It doesn't tick my boxes more focused on offerings flipping all time high as I believe they would give the best reward.

BabaGrinz:
U r funny..1st of all "uranium.cash" is not a coin/token ..so..i don't even understand were u r coming from..bt u r right tho everything u said is true..no doubt about that...cos in my abt 5years in this business..i've lost.count in how.much I've lost and how much time.i've wasted to scammers bt this is life.u loose some.and u win some..so I keep trying and learning ...as a matter of fact I can even learn one or two thing from u ..
#peace

So why are you promoting something you know is fraudulent? Is it to recoup from naive folks what you lost in the past?
Almost all your posts on this site are on it. I visited the site and they are promising a guaranteed 3% a day on investments. Hehe.
If they can guaranty you 3% a day, in such a volatile market, why are you all over the place looking for referrals?
People are yet to recover from the likes of MBA and several fraudulent agritechs and you're here trying to finetune your yahoo skills. Just so annoying

BabaGrinz:
I can see u know nothing about crypto currencies..or how it works
.mayb u think it's all about buying and selling or exchange like forex..well,I won't blame u cos when i started that's what I though but I will advice you to do research before jumping into conclusion..find out more about the blockchain ..and how it works...cos my friend earning in crypto goes beyond trading and exchange that's what make it different from forex..
#Peace.

Hehe..... The only reason I'm engaging you is so naive people are not swept off their feet. I don't need to research a scam.
What you fail to understand is that creating a coin in this market is easy. Giving it long term credibility is hard. There are over 4000 coins in this market and over 99% will be worthless in the long run.

You are promoting a scam token that is not traded on any sensible exchange. The only utility of this is to either hack into other peoples wallet and empty it or dupe them.
No one who's traded in this space would be talking of mining one worthless stuff or the other except they are set up to scam others.

I have come across over 20 similar scan posts.. e.g Pie coin, Bee e.t.c and like I told you, one thing is certain. It would go to zero.
People should screenshot this post and revisit in in 6 months. I'm willing to delete my main account if this is not some scam. In trading, I don't use 100% often but on this, it's so basic a scam that they target newbies who have no idea what this space is.

solreb:
Happy Sunday. I want to say a big thank you for heads-up on 1inch. I have done two trips since yesterday and came out each time with 18% margin. I have set my limit trade to buy at 1.75 should there be a dip. I tried to get AAVE at 175 yesterday. It only came down to 177. Now it is trading at 195. I buy in USDT on Binance. That is my reference pricing BNB (Binance coin) is not doing bad too. I have been trying to keep some BNB coins as you get 25% discounts if you buy with Binance coin on Binance. I think BTC is consolidating. I went in at N17m and N18m yesterday. Hoping it will do a run to N19m and above so that I can dump. Good luck everyone

You have a plan which is good. I believe the Betece run is not done yet. It may consolidate a bit while alts run. I'm not heavy in betece now as I believe there's been a shift in market trend.
I believe the next few weeks will be dominated by alts. I remember telling someone a while ago who said alts were dead that their time will come abd when their time comes, people would forget about betece.
What we're seeing now may be just a warm up. If eithy breaks ATH convincingly, then they would go ballistic

nittly:
please how is XRP ripples calculated because I have 1.2026 and 160 as NGN and I want to sell it will.....
Also how can I know (1.2026 XRP) to dollar value I.e convert it the same way btc is been covert?

THANKS

Alot of new folks make the mistake of putting most of their stash in ripple cos they think its cheap so easily relatable and they can own large amounts. I made such mistake and would advise against such.

This market flows on confidence and you'd want to go with what people have confidence in. You want to take position in the strongest coins

I bought some at 0.22 and targeting 0.4-0.6 because I felt it had bottomed. I'd advise new folks to thread carefully with it.

If in doubt, look up it's chart against betece or Eith and youd see it's been in a 4 year continuous downtrend. People want to be heroes and catch the exaxt bottom. Folks have been doing that for 4 years and getting rekt

There are two offerings I'm seeing good potential on.

Link and ren. They have both just broken ATH. That has been a very profitable strategy for me so far. Most offerings who broke ATH would give x2 in a short period as far as betece holds. For ren, I'm targeting a flip of the 0.6 level to get in... I believe it should see 1 dollar quite quickly

xammax:
.

Please I have the following questions

1. What platform will you advise I start with please? Binance, quidax, or any other platform you know of.

2. What c currency will you advise a beginner to start with ( one that has no experience whatsoever )

3. How do I track the prices of the ccurrency ( I've heard of meta 4 trader). What would app you suggest

I'll appreciate an answer to these questions.

I got banned by spambot for responding to this. Some words are automatically flagged, you can see I modified them

1. Use what you're comfortable with. I've used a good number and binance is one of the best for me. Good liquidity and good offerings

2. Betece is always the best for a beginner till you find your footing. Eithy is also good. Dont get carried away by huge pumps of smaller ones. If in doubt, look at the chart of whatever you want to buy against those two for the past 2 years at least and youd see why I said this. With time, you'd be able to cycle thru them and boost your portfolio

3. There are multiple apps. I use the one by investing dot com. Also, its quite important to have a trading view account to use on a pc. Thats where youd see sensible actionable charts and indicators

The full report should when done should be made public. Our law enforcement officers cannot be allowed to act with impunity