₦airaland Forum

emmanuelewumi:
I have Zenith, GTB, Stanbic IBTC and UBA.



Access Bank will definitely need to raise additional capital after the stress test

Amalekki:
Well said and 100% agree with the OP. Japa if you can but if you are unskilled you better take care of that first before you leave Nigeria.

Those who japaed and are moaning abroad are those who capitalized on our terrible system to move ahead but found their true level abroad. A bank manager with no real tangible skill or respected certification in investing/banking/accounting is not worth more than a cleaner at a warehouse in the UK, US or Canada.

In essence, a cat pretending to be a tiger in Nigeria due to our horrible system will almost always rediscover his or her true self as a mere cat abroad. Skill up right from Nigeria even if it's being an expert barber, welder, mechanic or HVAC tech then move. Lastly, your move must be legal. It's expensive but that's the reality or it will end in tears.

Abdul4trust1:
Story for the Gods. Iran will get it even if it will take them the next 100years to do that.

iLegendd:
BTC was created to only go up and it doesn't need a reason to do that (just as humans are born to grow whether we like it or not), but to go down, it needs a reason like

1. Bear market or
2. Bad news or
3. Overwhelmingly greedy long positions that is 80% more than short so they can be liquidated for exchanges to make money or
4. A giant whale who's tired of enduring sells billions at market order.

Also, for a human to go down, we need reasons like

1. Poor health or
2. Old age or
3. Lack of energy or
4. Spiritual battles

BTC is just like a human, but replenishes after weeks, months or years.

So, we need one of the above to make decisions on a dump.

Currently, there is no strong bad news except weekly and monthly volume being low.

Even though BTC was built to only go up, the market still goes down in a bull market more than it goes up, but when it does go up, it's unexpected parabolic pumps to liquidate all shorts.

Since approximately 112k has been achieved, which is +7k, we're left with +12k which will take us to 114k.

Now, the problem is, are we going to go for it or attempt to go for it to trigger more FOMO, then dump on them and reset the market?

This, I don't know since I can't control the market, but I'm prepared for it.

I really want the market to go up for everyone to be happy, but I pity alts. If BTC dumps to 90-80k, alts will be in trouble.

In summary, I'm waiting for my usual 10% in a day to take real action. The other actions I took are just for adrenaline rush, not my main positions. It's been a month since we had 10% daily volatility.

DFPS:
thank u boss. I will stop doing TB and FD then

iLegendd:
You won't regret it. Though, there will be lots of failures on the way, but if your emotions is in check from day one, you won't experience it as much as others.

The 4-5 news skills now is

1. Crypto/digital asset trading/investment
2. AI prompt engineering
3. Farming and plant grafting
4. Evergreen content creation (but your social media accounts may get banned when you least expect it, so don't make this one your #1 choice, but 4th).
5. Others (real estate and manufacturing).

If you're into any of these, your future is safe. Being into 4 or 5 of them is the ultimate diversification, but one step at a time and be a specialist in one before branching.

GRACEGLORY:
The BTC 104-105k resistance is quite strong, it's a great sell wall, if flipped for support, New ATH piam!

iLegendd:
That's advance info.

As a newbie, focus on knowing

1. BTC 4 year cycle and how each year behaves
2. When to buy/sell on spot, not futures
3. Support and resistance
4. Candlestick and chart pattern
5. Market structure
6. Risk management and psychology
7. Fundamentals and tokenomics
8. And volume

The above are what you need to master before expanding.


Below is ChatGPT's own.

For a new crypto trader, mastering the basics is crucial before diving into trades. Here's a structured foundation to build on:

1. Core Concepts

Blockchain & Crypto Fundamentals: Understand how blockchain works, what cryptocurrencies are, and the difference between coins (e.g., BTC, ETH) and tokens (e.g., LINK, UNI).

Wallets & Security: Know the difference between hot wallets (online) and cold wallets (offline), private keys, seed phrases, and basic security hygiene.

2. Market Structure

Exchanges: Learn how centralized exchanges (like Binance) differ from decentralized ones (like Uniswap).

Order Types: Master market orders, limit orders, stop-loss, and take-profit functions.

Trading Pairs: Understand base vs. quote currencies (e.g., ETH/USDT).

3. Risk Management

Position Sizing: Never risk more than 1–2% of your capital per trade.

Leverage Caution: Leverage amplifies gains and losses—avoid until you're experienced.

Diversification: Don't go all in on one coin or sector.

4. Technical Analysis (TA) Basics

Chart Reading: Candlesticks, support/resistance, trendlines.

Indicators: Start with RSI, MACD, moving averages—get comfortable before using complex tools.

Volume Analysis: Price action without volume context is incomplete.

5. Trading Psychology

Discipline > Emotions: Greed and fear kill more accounts than bad calls.

FOMO & FUD: Learn to recognize and resist both.

Plan & Journal: Always trade with a strategy and record everything you do.

6. Fundamental Awareness

Tokenomics: Understand supply, inflation/deflation, use case, team, and roadmap.

News Impact: Regulations, hacks, partnerships, and macro events can shift markets.

iLegendd:
Please, guys, don't forget to stream my latest release. Song out on all platforms. I have put so much effort in recording this song in my studio in California last summer. After months, the song is finally out.

https://suno.com/s/sQEVbRetTLtjMvmy

iLegendd:
So, let's show practical of the song approach on how to save passphrase.

I generated a new wallet and used ChatGPT to create the story and the song, then Suno for the vocal. I did a full song and a short one. All took less than a minute.

Note: I don't put my raw 12 passphrase on GPT, I create my story manually, but in this example, I used ChatGPT to fasten the process, so be cautious.

Song 1: https://suno.com/s/sQEVbRetTLtjMvmy

Song 2, the short one: https://suno.com/s/xlU3xnvH4iO1aEjn

Remember, you can do any genre of your choice. I did rap and RnB on this one.

Chikacha:
Him and Rob nor dey joke

doyin01:
Suddenly quoting a moniker and a post made four years ago ??

That format won't work here

iLegendd:
Google Auth has a backup button. Just make sure your Gmail password is strong and you have multiple authentications on that one too.

Also, have 2-3 phones. One should be at home 100% and properly hidden in a place where flood or fire outbreak won't damage it. It should be synchronised with your main phone incase of loss.

Also, for the 12 passphrase for your wallet, I always form a short and memorable story with extra words, but when I watch the story, I know the particular words that are parts of my key words.

I even have a children story on YouTube, but no one knows some of those words are passphrase.

This image below is a wallet, but I pity who wants to hack it. I have lots of similar stories, turned to video animation. I take my backups seriously and I use unconventional approaches.

The reason I do this is to enable me travel the world easily without worrying about hardware wallet or having access to money.

Also, another way to save your passphrase is to use Photoshop. Put the keywords beneath your family photo and save it as TIF. This means you can view the picture on any device as normal pix, but there are hidden data in it when opened with Photoshop. I think SVG or EPS file format will work too.

harry2sexy:
I have so many. From dropstab, cryptoranks, CMC. All thanks to you in all. I feel like if i analyse too much, I'll get impatient and start making mistakes.😂

iLegendd:
Is the 2FA Google? If yes, I though they have a backup system.

iLegendd:
Nothing is new. Research will keep you ahead. If you follow the guy called Colin Talks Crypto, and save the Pinescript code he once gave in one of his videos on M2 Global Money supply, you'll be ahead of the curve and know what will happen next based on M2, since it correlates with the movement of BTC. It foresees what comes next.

Last 2-3 weeks, from his analysis, there will be some moves on the 24th, based on M2.

I'll urge you to save the indicator code on your pine editor and be ahead of others. Sometimes when I want to post these kinds of helps info, I just tell myself it won't be appreciated, so no need.

Nothing is really new in this game. Most things are predictable with minor deceptive manipulations, but if you stand your ground and have strategies + backups, they won't shake you off.

seanwilliam:
I will, I’ll find time to do it sir but for now, trade on gate io. It’s safer FOR NOW.
They have the best customer support, na almost immediately dem dey respond and you can’t scam on their except you don’t want to use the platform again..
If dem dispute an active or a completed trade with you, even your balance on spot will be frozen ( you won’t be able to withdraw or even sell) until the issue is resolved. After 20 min of dispute they’ll reveal the trade partner phone number for you so you can reach out.
Though trade volume on there is low compared to Bybit but you’ll make more money on their than Bybit danudanu As a P2P TRADER..

If you no giran wella, don’t use platforms like paxful or Bybit.

micgray100:
His mission is to frustrate me.. he knew my bank will freeze my account ... And if I am desperate to unfreeze the account.. I must ask my bank to refund the money to him first..
Honesty.. this is bad... My bank is now asking me to settle with him first before they can lift the restriction...

seanwilliam:
not sure about that but what I’m sure is , this is 90% avoidable for a first time trader if you can go through that safety trick.
When I have the time, I’ll list out some scammers I’ve come across on Bybít.





Street is hot now, it’s now turned to dog eats dog.. no more free bones like before.

seanwilliam:
Na the latest scam be this on Bybit .



If you’re trading large amount of money on Bybit p2p,
First of all, spend atleast 2-5min reading the first 30 negative feedbacks on the buyer’s profile .. .. if he’s a scammer, you’ll atleast see 5-10 people’s complains on same thing ..
High completion rate alone doesn’t work!

micgray100:
House, I Need you help All..

I did a P2P transaction on the 4th of February,this year, with a guy on Bybit that paid me from First Bank Account. His Name was Yahaya Musa.. Is name was correct to the name on the Bybit account...
Fast forward to last week, My bank,GTBank frooze my account .. I requested for the reason.. To told me they received a signal from First Bank that the customer that transfered to my account requested for a cash back..

I tried all I could to convince my bank(GTBank) that it was a genuine transaction.. All they tell me is to go settle with the first bank customer that sent money to my account..

Just sick and tired... Don't know what to do..

GRACEGLORY:
While there may be uncommon instances that call for an exception, it doesn't imply that the rule is unimportant. The rule serves as a solid framework for the majority of situations.

Now, let's talk about the particular exception you're considering. Is it truly justified to set aside the established rule?

I'll appreciate your discussion, tweakstar

yemmit90:
Ethereum is most sluggish major coin I ever came across. By being second in command to Bitcoin, Ethereum should be around $20k by now and not that useless $1900.

I could remember when bitcoin was around $7k, Ethereum was tipping to cross $1k Mark, since then, Bitcoin has gone pass 80k, while the silly Ethereum is still below $2k. BNB went from just $41 to almost $800 during the same period. Sol went up as far as $250 from less than $3 withing a space of 5 years.

If your friend should invest, let him buy SOL or TON. That is where he can double his money within 6 month or a year.

GRACEGLORY:
We have observed the impact of the US Consumer Price Index (CPI) report on the broader stock market. The favorable results, as anticipated yesterday, propelled Bitcoin (BTC) to a resistance level of $84K. This development has halted its downward trajectory; however, until a recovery to $94K occurs and is established as a support level, the $77K-74K range remains a possibility.

This afternoon at 1:30 PM, the US Producer Price Index (PPI) report will be released. The PPI gauges the average change in prices received by domestic producers for their goods, providing insight into inflationary trends and the vitality of various sectors. The previous PPI figure was 3.5%. If the market can achieve a reduction to 3.4% or 3.3%, it is likely to facilitate a breakthrough of Bitcoin’s resistance at $84K, allowing for a potential recovery to $85K.

geedot:
I don't know too much about crypto cycle, I'm just speaking from TA perspective. I only said that based on current market condition, it could change few days time or even few weeks.

Born2conquer:
It feels bad saying this, if I had save all the money I made last year (not from investing), I should have nothing less than 20k pounds! But what was I doing? Sending 70% into crypto
All my portfolio fell from potential 100k to 5k

Make nobody drop epistle for me abeg, I know I am stupid already. Don’t add salt to my wound

GRACEGLORY:
A crypto market cycle cannot be deemed complete without one major thing. "Altseason.

geedot:
It's going to go down to that 74k, I don't even believe the 73k-70k former resistance likely to turn support will be strong enough to hold the fall.
The next stop is the 66-64k zone, this looks more feasible to hold than that of the 73k area.

The one I will be more interested in is the 55-51k, of course price might not get there, but I'm certain price can't blow past there too much before it reverses to the upside.

Bitcoin is currently on free fall, it has turned former support to resistance, the next target now is the 70k down to 50k. Don't be caught trying to catch this falling knife. Trade safe brother.

megawealth01:
And what if this leads to altcoins season?

Ojemedad:
Everyone is happy now, no more gbas gbos

Oyindamolah:
Please keep this in mind and protect your profit.

If any of your position which was in loss for very long time and now it’s in profit or near to your entry price with very less loss then you can close it because we don’t know when this pump will be reversed.

If your positions are running in good profit then you can start booking profit partially.

I am not saying to close all positions but atleast partially book profit.