₦airaland Forum

civilserva:
Who can give me idea how to convert my crypto holdings to my bank account. I dont trust p2p. The money is much. I am liquadating everthing from binance and other exchange. I am tired of crypto. I no do again.

Check out the likes of Monica, Busha, Quidax, Breet, etc. Don't forget to check their rates and do your research before concluding on which of them to use.

Itzlinda:
Humanity Protocol token falls 85% amid $30M private key exploit. Theft highlights risks in crypto security. Losses could impact DeFi ecosystem.


Every here and then I'm reminded why I'm an idiot for buying altcoins.

This pumped 3x in the space of one week and now all the people thst bought high are rugpulled.

Don't buy anything in crypto apart from bitcoin. The rest are all trash promoted by scammers

You can say that again!!!. Altcoins are more like a gamble. You don't know what might happen next.

Finally we reached VIP 1 in Binance, which is in line with the goal of reaching VIP 9 before 2030. A journey of 1000 miles begins with a step. We pray to keep the momentum. To anyone out there who wants to give up hope, keep on keeping on. Just re-strategise and come back stronger. I strongly believe that Crypto/Forex trading is a level playing field for both the rich and the poor. Everything depends on your strategy.

The month of May is a green month for us as you can see on the picture. And June is following in the same footsteps of May. That is the power of a trading bot. We are still learning from the bot and correcting a lot of bugs and mistakes.

HAPPY TRADING TO ALL THE TRADERS OUT THERE.

DFPS:
This is impressive, and thank you for your response. I would appreciate it if you could give me some guidance on how to develop a similar bot.

Most of the top exchanges have their api documentation. Go through their documentation and start applying your trading logic. If you are a programmer, it will be easier but if you are not, consider hiring one and tell your programmer to apply your logic.

DFPS:
Which bot is this, and what is the average capital required to generate this kind of return?

The bot was developed by me. I didn't make it public and at the moment, I have not considered making it public because I am still learning from it.

As for the average capital required to make this kind of profit, please forget the profit there. It was achieved due to my present open positions. As I said, I am still learning from the bot and tweaking it. Everything depends on the number of coins you are trading.

My new strategy is this::

Capital Investment: between $300 - $500.
Number of coins to be traded: 1coins to 4coins
Expected monthly profit: $100 to $300

As I said, the bot is not public. I am posting this here for people that wants to give up trading to have hope. Learn from your mistakes and keep working on improving your trading strategy. Someday it will click and you will never regret it. Below is another picture of 1month, 3months and 1year trades from one of my sub accounts using the same bot.

From the picture, you will notice that most of my profits starts from last 3-5months when I did some tweaks. If you pay close attention to the picture, you will notice that I have really really lost a great deal of money but now it is recovering process. So I am showing everything to give people hope that trade pays.

The power of bot trading. No reading of charts. No reading of news. Just allow your bot to dot job for you. No emotion attached. Just monitor your bot and learn from it. With time, you will find the perfect trading method that works for you. Never give up. You will surely make it.

Happy Trading!!!

sweetveek:
my 100$ has turned 5$, will i still bet able to recover?

When I read your post, I laugh and said to myself, "This poster doesn't know what Wormhole did to me". Then I came back and saw you mentioned Wormhole, I freaked out.

I purchased that coin on average of $1 through Bybit Pre market launch. I spent $100 thinking that I will see when it cross $3. Now my total Wormhole is worth only $1.31

Now that Binance has reduced its VIP trading volume, my mission now is to reach VIP1 before the end of 2026. So far, I have managed to trade $1,168,291.24 in the last 30 days. Hopefully, my current strategy will help me reach that level. When I reach that level, I will do a give away to these family.

Happy Trading Guy!!! Keep hustling because there is no free stuff in Free Town

sweetveek:
But how long will you have to trade to be able to even double that 100$ with 5$ margin trade? Its going to take a very long time

Based on my trading strategy, my goal is to make 5% to 10% profit on my capital in a month. I don't believe in get rich quick. I see trading as a business and I know that even banks and financial institutions cannot give you 20% annual returns despite the huge liquidity at their disposal. So I tried to minimise my risk. So if I have to answer your question, I will say it will take me 10months - 12 months to make that $100.

The truth is that you can make that in a month or 2 but trying to make that in a month is pure gambling which I do not recommend. In trading, it is not how fast but how far.

sweetveek:
how do you dca on futures? I thought once things doesn't go your way on futures or mt5, you'll be liquidated

No, your liquidation depends on how much capital you have, your margin amount and the leverage use. For example, if your capital is $100 and decide to take a LONG position with $5 (margin amount), and your leverage is 5x. Let's assume that the market goes against you with 10% dip, the calculation is

$5 (margin amount) * 10% dip * 5x(your leverage) = $2.5 (your loss). As you can see, your capital is $100 which means your left balance is $97.5. In this situation, you will not be liquidated. That is one of the reasons that your chosen leverage and the margin amount are very important.

Now to do DCA, remember the market is against you by 10%, you can decide to open another trade with $1 or $2 etc (your choice) to the current position, by doing that, your initial entry amount will be reduce.

You can search on Youtube or Google to learn more about DCA.

sweetveek:
thank you but is trading on mt5 better than using futures to trade?

Please hear me out, Forex trading is a one-way street. Once you enter, you have entered. If the market goes against you, it is either you close at a loss or you keep waiting until the market goes in your favour.

My advise is trade on Binance or Bybit. DCA mechanism is the major reason I prefer Futures trading Binance/Bybit to Forex on Mt5. For example, I entered the market when SOLANA was at 142. Things went south, but with the help of DCA, I have managed to bring it down to around 95.

If it is MT5, I cannot be able to do that. I have to wait for the market to go back to 142 before I can break even.

The interesting thing now is that Binance offers Gold, Silver, Platinum and some stocks like TESLA on their Futures trading now.

Bluearrow:
The rate at which naira is appreciating is really speedy. This is not a good time to hold dollar, with this rate, naira can break 1k support.

Note that almost all currencies of the world have gained against the dollar recently. Even worst performing currencies. Dollar is weak at the moment. This is also one of the reasons gold is high.

So play safe.

SeeWahala:
I will keep on hangibg on the sidelines watching you guys make so much money until then 😏

As a trader, my goal is to make a monthly profit of between 5% to 10% profit of my capital. I don't believe in get rich quick. So far so good.

SeeWahala:
Hehehe 🤭 be like you wan open him nyasch 😏

Sha press their neck well well 🤗 as dem be the self proclaimed 'MENTHOL' for this una crypto-gamble thread

People always say Bitcoin or Crypto has no value, abeg which value does mastercard, visa card, virtual cards have? Nothing!!!. They just issue out a card and tell you to use it to shop online.

That ability to be at your home and do transaction within 5 minutes without unneccessary documents and at a very affordable price beats everything. Imagine sending $10,000 to someone with just $1 fee or even free on some platform. That is the joy of cryptocurrency and that is one of the main reason Bitcoin was created.

OgogoroFreak:
so whats 50% drop of 2 if 100% drop is 1?

I fear who no fear that calculation

Nefort:
Why do you prefer Crypto to forex?

I prefer Crypto to Forex due to Crypto DCA(Dollar Cost Average) mechanism. Forex doesn't have that.

ernieboy:
is crypto trading not the same as forex? You are taking position on whether you believe the price will go up or come down.

Forex doesn't have Spot. Crypto Futures is the same as Forex trading, but with some advantages (personal opinion). The major reason I personally prefer Crypto Futures over Forex is due to its DCA (dollar cost average) mechanism.

For example, if I Long BTC at the price of 95,000 and it starts going against me, I can continue to do DCA. You don't need to wait for it to be more than 95,000 before you are in profit. But in Forex, forget it. You either wait for it to go above 95,000 or you open another position and do your maths.

I will encourage you to learn both Forex and Crypto together and then make your choice. Personally, I prefer Crypto to Forex. I see Forex as gambling. Once you enter a market, let's say GBP/USD, you will either lose or gain.

Some people will tell you that Forex is better than Crypto, but I think it is not true. I believe in the future, there will be more people trading Crypto than Forex.

Just learn both and choose your poison wisely. Just note that there are more losers than winners. Also, always have a backup plan

After what happened to FTX, I just realise that most companies are on hype. How can a company worth more than $32billion, become worthless within a week of collapsing. Even the owner that they said worth more than $16billion become poor over night.

Forget it, most companies are hype. Are they rich? The answer is YES, but many big companies are pure manipulation

Who else has an account on cryptofundtrader or has passed the challenge?

Happy Trading Guys!!!. This year will surely favour us.

If you are a Whale here, please help us and check BTC small so that there will be a dip or rip. The market volatility is too sluggish these days.

eghos12:
Respectfully Sir, DEY PLAY. If 10x is possible then 100x will be. In a month I doubt but in a year it is likely possible. Also futures is for gambling and that does not mean people are not good at gambling

In Future trading, I still maintain my stand that it is not possible to turn $10 to $1,000 in a year without support. You will be liquidated before you know it. Maybe you take the challenge. Open a Binance account and I will transfer $10 to that account. Start your trading on Future,Spot,Options, or any method of your choice.

The rule of the game is simple, for any reason, do not add any other money to that Binance account in the next one year. If you can achieve $1,000 before 20th December 2026, I will give you an additional $1,000 for a job well done.

But if you loose it, just give me $100. Atleast I will consider $90 as my return of investment of $10

Ebus03:
OP, you still breathing?? Your thread is quite motivating.

I am still pushing it, trying to get it right. Below is the current trading history

GRACEGLORY:
Altseason isn't a fairy tale, it is a genuine phenomenon. Altseason shall come.
The commencement of an altcoin season is not predicated upon an increase in Bitcoin's value. Until everyone gives up… The light won’t shine. Just lock in, and stop stressing. Stop using your rent, fees, loans, and funds for bills for crypto in order to get quick cash. It is the cause of the widespread crying, diverted aggression, and hating in the space.


Altseason isn't a fairy tale

Your believe strong pass Zuma Rock

anadozie1:
How do some people turn 10$ to 1000$ in a month through futures trading? I don check am tire and it doesn't seem feasible to me.

Any method that turns $10 to $1,000 is pure gambling. Forget what you read online; it is almost impossible to achieve that if $10 is all you have in your account. In short, it is IMPOSSIBLE

Clemss88:
As it's stands now , I have cut some of my losses holding shits. .
I watched zec pumping from 100+ I didn't buy
Wat he'd dash from 30$ pump I didn't buy
Now zen is also following suit .

The useless ones av been holding keeps dieing without profit

With more than 300 coins on Binance, it is very difficult to know which coins to invest in. You have to dedicate a lot of time researching news just to know which coins to invest in and on most cases, even with the news/hype, you might end up holding bags for some people. That is the reason I sometimes look at SPOT/HODL as gambling. To be on a safer side, you might decide to only invest in the top 5 coins but their movement is not fast which makes it difficult to make money from it.

staticstring:
Dump is better, delisted is worse

Delisting is really the worst of them all especially if you are trading Futures. There was a time I was trading all the coins on Binance Futures( about 258 coins as of that time). As of that time I had no idea that a coin could be delisted at any time. I learned DELISTING the hard way. No week passes without a coin being delisted. I ran for my dear life.

GRACEGLORY:
It already did if you're holding BTC, if altcoins, yes, it will happen.

Each time you keep saying alt season will come, I find it amusing. This is because I keep trying to understand why you believe in it.

Take for instant MYXUSDT, someone holding that coins a month back will tell you that he experienced a massive bull run, especially if he sold when the price hit $18. At the same time, someone holding ADA is still crying for bull run to start.

Personally, I think that every day is a bull and bear market. Everything depends on the coin you are holding at the moment. The time when almost all altcoins were increasing by 200% - 500% within a period of one week is gone. Forget it.

Kealmin:
WHAT DO YOU GUYS CURRENT THOUGHT ON THE MARKET SO FAR

As a trader, I think everyone should work on a strategy that makes us not to care again about the market. A kind that if you are in a coffee shop and hear that the market is crashing, you won't even lose a hair about it.

But as we all know, between our emotions and our middle leg, I don't know which controls us more. Once they take over, everything else is secondary. Preaching is easier than practising what we preach.

Clemss88:
Market so frustrating at this point, I don't even know if it's to cut my losses n move on to normal trading .

Abeg, which one is normal trading ? In crypto, there is nothing like normal trading. Everything is not normal. You trade Spot, one dip might tie you down forever. You trade Futures, one dip alone will send you to God knows where.

JackDaAlienz:
He has been into crypto since we were flatmates

He has now bloavked me and I don't know if I should involve police or what I'm so shattered. My hard earned savings just go like that how can 218 dolls turn to 38.

See me thanking God for not falling for CBEX only for me to fall into crypto. Nonesense!!!!

In crypto trading, never ask how can a $218 turn to $38. During the crash of LUNA, I know someone whose $60,000+ became less than $58 ( I mean 5 8 that is less than $100).

Let me tell you, your friend might be a successful trader but it does not mean that he doesn't experience bad days. If you have not called him up, you might not know that he sometimes do have bad moments. The only mistake I think he made is telling you that $218 will become more than $400 in less than 3months. That is what I called gambling and not trading.

People like him is the reason GraceGlory always say '" I am not a gambler ".

Sometimes it is good to learn somethings before investing. At least it will let you know whether the marketer( your friend) is hyping his profit or not. It will help you to know the possibility of his claims. It will help you to make your own decision.

If you have no agreement with him when you gave the money, please give him time but make sure that he agrees to pay complete when the time reach. If you cannot wait, please collect the $38 and move on. Let it be one of your crypto investment life lesson