₦airaland Forum

lrman:
Rest ..many people on this thread make more than that and no one is doubting them.. many people have showed account balance which is even more than that and no one doubted them.. if anyone doubted your colleague, then something is fishy about him..stop playing the "jealousy " card.. that won't work here...people here know send you....if they catch you , they say it out ... they do not fall for cheap emotional blackmail

Guy you do not have a point. You are just being jealous period.


"many people have showed account balance which is even more than that and no one doubted them" This is a very vague statement. Which people have posted and no one doubted them? Mention names. There is nothing you do that everybody will believe. There will always be some people who will want to believe the opposite. People like you who always want to swim against the current and cause confusion. You are jealous.

The person you are accusing adds more value to this place than you do so until you match his level, you do not have a valid argument to make. The summary is that you are just jealous.

This thread is just full of jealous people with poor mentality. So somebody cannot make 5k dollars on a trade? What are you guys ranting about? That you trade with $10 does not mean another person does. I think that's why some big names in this thread don't comment. Don't drive away the people giving us good signals with your jealousy abeg. I have made money from some signals this Henrycryptmento guy has been dropping here. Plus he also posts very important ideas and they have all been on point.

People too jealous for this Nigeria. You dy ves say pesin dy win and you no dy win. Na your money? He should prove it, for what? So that you will feel alright?

StrafordSTONES:
If you must call figures and attach figures, then also take a screenshot showing the 5k balance.

Peace

Is this jealousy?

How can Egypt be watching more porn than Nigeria? This list is not complete.

Chikacha:
I do not need followers, I don't know what you are talking about, you seem so spiteful but nobody owes you anything. In reality, I am too busy for what you are saying. We are Nigerians, look all over the world and see how we are treated (not that we don't deserve it sometimes)... Crypto is a blessing, so any small capital should be guarded and invested wisely and correctly. You don't just burst out and list things. Explain in to people. Think about newbies . A person who spends hours here should be in financial freedom not financial constraints.

Again, I do not want any followers neither do I compete for anything at all in life. But it seems like that is why you are here so I will just tell you. It won't workout for you and others who are ready to scam people this bull.

The question is why are all your coins billions upon billions in circulating supply. I think you get it now so I won't respond to you anymore.

last last, you go dey alright.

What is wrong with a coin having billions upon billions in circulating supply? I just want to learn from you not challenge you. I have bought one like that so I am really interested as a newbie that I am.

FalseProphet1:
To To

This I have seen.

Who is this person? Lol. Are you a fool or something? You have seen Toto again?

SimpleGuy001:
They want to find entry na

Hundreds of thousands of traders are weeping now. Lol. Some platforms are already reporting liquidations. One posted that 370m in longs just got liquidated. This was just too massive. Omor this hustle no be joke o. Lol.

This is wickedness. You do your calculations correctly, then some few people because they have money will just come and override everything.

Is it that some whales are trying to create a place to get in for the bull run? From 6 billion market cap to 10 billion in minutes. This manipulation is glaring.

Jesus Christ this is very bad. This crash is very very bad.

Smithwilliams826:
don't you make loss?

Who cares? Do you go around parading your loses?

Happy new year fellow traders. I want to start this year here asking this question:

Can crypto really make one rich? If you don't mind, share your success stories make we take motivate ourselves. Some of us have lost more than we can think of making in this den of lions.

Thanks and I wish you all a victorious and prosperous year.

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

One thing I have learnt about this crypto market is that it is far more heartbreaking to get left behind than to be in a losing trade or lose a trade. Also it is a thrilling adventure to just watch your money go up and down with the tide and then eventually pump (or nose dive lol). This has made me give up day trading and I'm glad my patience is gradually increasing to be able to watch the market even when I'm in a losing position. I can't tell you how many times I have ended a losing position and then woke up to see that the asset has pumped. At that moment, I just say to myself - "If only I had just a little more patience".

But I still wonder how people manage to hold positions for months or even years anyway. That ability definitely takes some years to master. Kudos to all the veterans in the house.

Meanwhile 1000Bonk is pumping hard. That stupid coin that once wrecked me. Pepper body coin. I have vowed that I will get rich with that coin.

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.

Very powerful words to start a very promising and bullish day.

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.

Yes sir. Thanks for the input. I have made up my mind sha. This 2024, I no go gree for this crypto market.

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

Hmmm. Did you know I actually read that article after I greedily longed Eth and one other useless altcoin two days ago in anticipation of more bull run? It's funny how (we newbies) become interested in reading more about the market after getting into a position that immediately goes against us. Lol. Omor you go serious start to dy read everything that time. Haha

It's even funny that I just lost huge money few weeks ago which made me swear that I was never going to do this again; look at me now.

It's like the fear of missing out is stronger than the fear of going bankrupt honestly. But this crypto thing, everybody says one thing and then you follow and the next day, everybody is saying another thing. Lol. It will then feel as if you have been deceived. Chai. Body dy pain me. Look at the market now. Everywhere is showing red red red. Somebody help me please. GRACEGLORY help me. What I am doing is just overzealous gambling. You always say you are not a gambler - help me not to be a gambler.

Really old post.

It’s that time again — when your friends and family members who know you’re into Bitcoin text asking if now is the time to buy.

A time that signifies we’re at another peak in bitcoin’s price.

I know, I know. How bah-humbug of me.

But the truth is, if you’re thinking about buying bitcoin right now, it might not be the best time to make a sizable purchase — despite the fact that we might see spot bitcoin ETFs (exchange-traded funds) approved in the near future (possibly as early as January).

Why?

Let’s start by looking at bitcoin’s price action during periods leading up to the last two Bitcoin halvings. (The next is due in late-April, when block 840,000 is expected to be mined.)

Bitcoin halving cycles last about four years (210,000 blocks produced at approximately 10 minutes per block). At the commencement of each cycle, the block subsidy reward that Bitcoin miners receive is cut in half, which triggers a bitcoin supply shock.

Historically, bitcoin’s price has risen dramatically during the year and a half that follows the halving. The price then tanks and trades in a range for the cycle’s other two and a half years.

From late-2013 until mid-2016, when the second halving occurred, bitcoin’s price fell from $1,166 to $156. It then rebounded to $780 — 67% of the previous all-time high — before falling 40% to $472 in August 2016.

The $472 price point marked a local bottom just one month after the second halving took place.

From late 2017 to late 2018, bitcoin’s price fell from $19,666 to $3,150 before rebounding to $13,882 — 70% of the previous all-time high. By March 2020, its price had fallen 72% to $3,867.

$3,867 marked a local bottom two months before the third Bitcoin halving, which occurred in May 2020.

Another two-and-a-half-year period that precedes a Bitcoin halving is coming to an end. This period began in late 2021 and will end in April 2024, when the fourth halving is scheduled to occur.

During this period thus far, bitcoin’s price has fallen from $69,000 to $15,522 before rebounding to $44,759 — 65% of the previous all-time high.

This 65% rebound — the current one — is awfully close to the 67% and 70% rebounds we saw in the two previous cycles.

And so the big question now is: Will bitcoin’s price retrace significantly leading up to the next halving as it has leading up to the two previous halvings?

If bitcoin’s price were to fall 40% from these current levels — as it did in 2015-2016 — we’d see bitcoin’s price at $26,855. (As of writing, it is approaching $44,000).

If it were to fall 72% — as in 2019-2020 — we’d see bitcoin’s price at $12,532.

I’ve seen very few people mention such numbers in the wake of the euphoria bitcoin investors are currently experiencing.

So, will this time be different?

Aren’t we waiting for billions of dollars to flow into bitcoin almost immediately after the spot bitcoin ETF is approved?

Maybe.

No one knows whether an approval of a spot bitcoin ETF is priced into the bitcoin market yet.

Some believe it is and that the announcement of a spot bitcoin ETF will be a “buy the rumor, sell the news” event — a situation in which bitcoin’s price rises in anticipation of a spot bitcoin ETF announcement, as it has been, but then sells off once the ETF is announced.

Others say it’s a “buy the rumor, buy the news” event — a situation in which bitcoin’s price rises in anticipation of a spot bitcoin ETF and rises again once the ETF is announced.

The truth is that no one knows what will happen in the wake of a spot bitcoin ETF being approved and coming to market.

And with Bloomberg analysts predicting a 90% chance of approval by January 10, 2024, hardly anyone seems to be asking the following question: What happens to bitcoin’s price if the spot bitcoin ETF isn’t approved? (Though CoinDesk did.)

This scenario could easily be grounds for a significant drawdown in bitcoin’s price. The drawdown might not be as severe as the previous two, but it would likely be notable.

Also, what happens to bitcoin’s price in the event of a hard landing?

While the powers that be and major institutions will have you believe that we’re on our way to a soft landing or, at worst, a mild recession, those of us who remember hearing the exact same rhetoric in 2008 aren’t so convinced.

A number of reputable outlets have stated that we may be amid a “melt-up” — a situation in which asset prices rise parabolically before crashing catastrophically.

This isn’t hard to believe given that the Dow Jones Industrial Average is at an all-time high, while the S&P 500 and the Nasdaq are almost there, as well — all while we’re still in an environment in which investors can earn over 5% risk-free in money market mutual funds.

If a melt-up is currently taking place and bitcoin’s price is going along for the ride, then there are two more questions we have to ask: How high does bitcoin’s price rise before it comes crashing down, and what sort of investing strategy is best to employ if this is the case?

While the first question is difficult to answer, the second isn’t as challenging.

By all means, continue to HODL your BTC and DCA (dollar-cost average) into the asset, as these investment strategies have proven fruitful for anyone who has held BTC for more than four years.

The one thing you might want to avoid amid this euphoria is aping into a large position at these levels — especially with any sort of leverage. (To quote the Founder & CEO of Custodia Bank, Caitlin Long, “A fool and their leveraged bitcoin are soon parted.”)

If we see a massive drawdown in bitcoin’s price, you’ll want to have some cash on the sidelines to buy, not find yourself bitcoin-less and cash-strapped due to acting like an overzealous gambler.

As always, we don’t know where bitcoin’s price will go from here. Maybe it actually will move up only both into and beyond the halving.

But if history repeats itself and bitcoin performs the way it has right before prior halvings, we may see bitcoin at a significantly lower price as the halving in April 2024 approaches.


Copied from CoinDesk

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.

Check inbox

GreatManBee:
Why you collecting 60% of your salary?

The payment goes to a friend's paypal account and after taxes in the person's country and bank charges, I only get around 60%. I've not been able to find another way to solve the issue.

Hope they will not allow people perform crypto transactions with their banks for few months and then later close it, then start targetting accounts that have been used to do such transactions. P2P has been serving well and it's very anonymous. Transacting with the bank leaves too many traces. The only problem is that banks will offer reduced USD exchange rate for buying and that will attract people.

Somebody whisper to CBN that we also want them to allow Paypal operate freely here. I'm tired of collecting only 60% of my salary every month.

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

What state are you from?

Seun pay attention to this site.

DesChyko:
See cobwebs everywhere

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

I swear. See dust for table. Na wa o. Just two days o.

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

I swear you no fit try am.

[quote author= post=127510120]NaijaÇover is following[/quote]Monitoring spirit. Na everywhere them must see you?