₦airaland Forum

GRACEGLORY:
You can’t depend on history alone, you must look at TA, and use market Psychology too.
The pullback is what crypto stock buyers are waiting for.
But, what if this time is different ⁉️ There’s never being a BTC ETF before, being anticipated after the winter.



I’ll rather dip or pull back with the market (with Usdt set aside) if need be, rather than get left behind

https://www.nairaland.com/6318352/crypto-currency-investors-thread/3419#127637657

onosbaba3310:

GRACEGLORY:
It is imperative that you never forget why you entered this market.
While it is true that we would all like to see the world change for the better. However, we have to prioritise our own survival first.
In today's society, it can be challenging to make ends meet, and this difficulty is only beginning as prices rise beyond the reach of many. You should seize the opportunity to improve your financial situation at every reasonable cost within sanity.
Additionally, avoid going on a spending binge—making money is about investing, not spending.

Believe me, if you know what you’re doing in this sphere, las las you go dey alright.

At this point, there’s no dip that may occur that we haven’t experienced worse.

Truth is,
We are more closer than we were far.

GRACEGLORY:
Do your research before you buy, so that when you buy, you know that you’re not gambling. MONEY DIP IS NO ACTUAL LOSS UNTIL YOU SELL IN RED.

CHILL, I DONT THINK THIS IS THAT DIP. ITS LIQUIDITY BEING DRAINED. HANG IN THERE.

GRACEGLORY:
I’ve read through these, twice.
And here’s what I think,

There’s been a recent issuance of one billion ($1,000,000,000) USDT, this is typically interpreted as an indication that exchanges and whales are ready to drive cryptocurrency prices higher.

Two, I expect a decent pullback in the crypto market in early 2024.

The first action coincides with my expectation.

This isn’t TA, it’s market Psychology. I may be wrong

GreatManBee:
I know bank charges and tax can be high in the west, but come on, 40% is quite huge. Let's talk in DM.

GreatManBee:
Why you collecting 60% of your salary?

Fortruth:
Anyone calling themselves “Rivers” is mad and needs to see a doctor

DesChyko:
See cobwebs everywhere

How do we catch up on all that we have missed now?

Amigoss:
With fry egg and chilled pessi,I fit eat 7 super pack

bigpicture001:
simply dont tell her nomata what... female bankers have the highest ego a nigerian human can have...if sh is the one fancying u ,its a different ball game ...if u try it, sh will insult u nd tell her colleague..

female bankers are too full of pride..they date only thier rich customers

Stamina777:
Hello nairalanders, please I need your advice on this. I work in a bank as a cleaner and I go on errands for bankers in the bank. Am 24 year old and I only have my school start with me. I have an ambition to further my education though.

So their is this lady banker I like so much. I do go on errands for her. She is in her youthful age too but might be a little older than I do. I love her but I don't know how to tell her. I fear she might cast me if I tell her my intentions or I might lose my self respect.

Moreover, I always feel lonely because I rarely socialize. I go on errands because of the tips I make from it. Nobody gives me money for not doing anything. I feel less cared for but I care more about my loved ones even though I only give to them. I feel lonely all the time

Please what should I do

henrycryptmento:
*I'm growing a $5 account till middle of next year( June 2024)*

Two trades per day.

8 in a week.. *sat and Sundays off*

If you're in, let's go🚀🚀🚀
This is for people who have small capital to start with.

Dropping my personal trades in thousands of dollar may put some people off here.

Trades will be dropped here and all other platforms.

Just make sure you stick to the leverage, stop loss and take profit positions.

LandMann:
Don't beat yourself too much bro.

We that trade futures have experienced your pain personally so we understand your feelings.

In 2021, I made over $700 twice on Futures trading from just starting with about $40.

I lost everything twice and a little more from inexperience, greed and timing the market.

I have learnt my lessons and I'm still learning my lessons.

Just so you know, I made over $126 starting with $10 last month using max 5X leverage.

I lost $110 from being liquidated on a bad trade I refused to close. This happened after I started using 10X leverage.

I started again same day and now I've made close to $100 from same $10 using between 3-5x leverage.

My point is avoid using high leverages. Understand the risk of liquidation from using high leverage. Understand that stop losses will drain your capital faster if you are using high leverages.

I traded BEAMX this last two-three days. Went long at about $0.90.... the price fell to my First liquidation price of $0.74. Before that I set another long order so as to DCA and shift my liquidation price downwards and my break even price downwards.

Just early this morning the price crossed to almost $0.85 and I took profits steadily from $0.83 to $0.84

My new entry point after doubling down was $0.823 and I was using the entire $100 profit as margin.

I would have lost everything again if I was using high leverage but thank God my leverage was low.

I was able to hold my position even at $50 loss till I returned to profit.

You can do same. Start small and learn as you go.

Don't be stupid and greedy.

Hopefully you'll start again and you'll start again with sense.

Cheers to more winnings.

SUPERPACK:
Why are you using my name? Change your name to Belleful or Hungryman

Kingcid:
Guyyyyy

Worst trading option ever

Highest I can advise is 20x when using leverage to trade

iLegendd:
I don't want to laugh (even though I did). We've all been through it. I lost back then to the point you could roast corn on my chest because of how hot it was. Anger here and there.

If a coin is moving, the moment I join, it stops and starts going against me. At a point, I felt there is someone specifically monitoring me. I felt crytpo hates me. This has happened at least 40 times.

These loses made me begin to develop my own strategies. Today, I don't get angry again if things go against me neither am I excited when it favors me. I'm just chilled. Money is invaluable, but I decided not to place so much value in it again.

Knowing that 50 - 80 years from now, most of us will be dead and we won't be buried with money, I became emotionally detached from outcomes. I do it now because of the adrenaline rush and it kills boredom. I always love when there is chaos in the market. I don't care the direction — I just want chaos.

I'm more prepared for the worst than I'm prepared for the profit. I'm already used to losing alot back then, so now, I only play with what I can lose and laugh about it.

Luckily, using lots of exchanges has saved me and also, thanks to Coinank and Coinglass's free heatmap. With those two apps, I enter trade only after studying where liquidity is and where liquidation will most likely take place. I love to get in when others have already been liquididated or when they're hunting to liquidate them. Eating from the king's table is a privilege since I'm not the king yet.

The manipulation is high and since I can't beat them, I monitor their movements so I can join them.

Take heart, you'll surely overcome. For me and my lineage, I'll never leave crytpo except BTC plunges to $0.001.

Even if I tell you I have stopped, just know that it's a lie borne out of trying to hide that I'm into it for security reasons.

nna777:
From the coins you dabbled into, it seems you’re a novice just like me 3yrs ago. I lost $4k then when the exchange rate was still #400 to a dollar buying shit coins, overleveraging on futures & not understanding when to go long or short on btc

What caused your loss is simply ignorance about the market. No one is against you. The market will always take advantage of ignorant traders.

I usually marvel at people that say TA isn’t important in crypto. After 2021, I took time to learn and keep learning TA, followed cryptocrewuniversity on YouTube & kept tabs on crypto and business news.

There’s no free money anywhere. You must as a matter of necessity put in the required work to get any returns. Crypto is more of TA than FA take it or leave it.

3yrs after, I have recovered all my lost capital and still waiting to make profits. While some are complaining, some are smiling because they have taken time to understand how the market works.

I hope you get back up and learn so that you can still recover and partake in the coming bull market.

I hope this helps you and other novices.

twosquare:
I understand your pain. I've been there, but now, I can smile. And I have a target.

One of the ways to quickly turn your margin to dust is not understanding the market.

Secondly, I mentioned earlier on this thread, know your strength. I've made some of the mistakes you mentioned here.

That's why I quickly sought help. They say follow person wey no road. And I did, which reduced my losses significantly and increased my profits. It's not good to deceive oneself. When you realise this is not working, then it isn't. Since I knew I didn't understand it, I quickly throw hand up. Now, I do small small.


Third is, the market takes from the impatient and gives to the patient.

I was once -$60 down on a $150 portfolio on a coin, futures. It felt like deja vu. I could have closed it, but I said, let me just watch what will happen. I will wait it out. After all, I've seen people with - $200k PNL, and after some weeks after, it turned positive. Now, that same coin is on +$80. Yea, I had a bit of a slightly bad entry, but I waited. In some cases (not all cases), all some of you needed to do is wait to break even or stay in small profits and close.

I still make some small, silly mistakes, which have affected my portfolio but I learn from it until I reach full awareness. Based on the above, I only recommend it on coins with strong fundamentals.

Also, one mistakes we noobs make is venturing into futures. Spot is bad enough, now you want to navigate the stormy realm of futures. Yes, you can increase your earnings with it faster, or send yourself back to the village in a jiffy too. Treat futures like spot, and you won't have much problem (whoever reads, let him understand this part).

You said you short the market, don't work against the trend. Yes, there will be pull backs here and there, but we are in a pre-bull season. I short Sats last week and within minutes, +$40...instead of me to take profit and close, I waited. Later, it turned to - 40. I was pained. What did I do wrong, waiting for it to reach my target instead of doing scalps. Standing in front a speedy train. Even though I got the bearish signal right, I was still wrong in application.

Like I said in some of my posts, HOLDers make the most money, not traders. That we are entering the bull market doesn't mean you still won't lose if you don't awaken your consciousness to what is making you lose.

You may gain massive profits in the bull market and watch it disappear because you don't have your exit and never looking back strategy.

About HOLDers, even a noob will become profitable because a broken clock is twice right a day. Just following the principles of monthly low, yearly low, monthly high, yearly high can make people profits. But the issue is not understanding the principles but WAITING (PATIENCE) . That's the key.

If we approach crypto with the idea of stocks, we will get rich. But if we approach it with the idea of MMM, we are all going back to the village.

I have bought some coins now and set it ATH and forgot about it. The email notification will wake me up.

I'll reiterate again, follow person wey know road, not person wey dey act as if say e know road. This is to cut short your journey.

I did not even lose up to you before I sought help. I was a holder before I ventured into trading. Perhaps I should have stayed that way. But God knows our path.

Sorry for the epistles guys, just to clear things up and give words of encouragement. Even me cried during my time, but now, I know as I ought to know. I leverage on other people's wisdom and some of mine.

cmoney22222:
Na me and my guys dey short am