₦airaland Forum

I cannot wait for this election to be over. I am tired of all these combinations and permutations. Let everyone face their front and look for the next news that will either pump or dump the crypto market.

Superpack589:
Just imagine what will happen to the crypto market is Trump wins. Omor, I'd rather experience it for myself o. Been entering long positions throughout the weekend.

Super exciting week ahead people.

Whether Trump wins or loses, BTC will not end above 100k this year, nor will it end below 50k. In a nutshell, it is trading at $68,350+ at the moment. Whichever way it goes (pump or dump), it will not cost more than 40% of the current price.

Crypto trading made me realize that even your pastor might be praying against you. Imagine that your pastor is into crypto trading, and he/she is shorting the market while you are longing for the market. He is praying for a dip, and you are praying for a pump. This is a serious commotion.

Crypto no go shame us abeg.

Personally, I think Future Trading is not a gamble. It is just like Spot Trading. When you remove the "Get rich quick" mentality and start trading with a business mindset, your disappointment will be reduced.

Look at it this way: if banks with all the money they have can only give you 7 to 12% ROI in a year, this should tell you that they are trying to minimize the risk to the minimum. Let your target be 20% to 50% in a year when trading futures. With this mindset, you will think like a business person rather than a gambler.

I learnt it the hard way after taking different losses, including the one that nearly sent me back to the village. I went back to the drawing board and updated my bot. I no longer try to make money, which will take me 5 years in just 1 month. I started thinking about the long term. I removed all the noises (altcoins) and focused on only BTC and ETH.

Below is one of the bot's trading since I modified my thinking (August 06 2024). You can check on 5th August 2024. That was the dip that reset my thinking. I assigned $500 to the bot, which it has been trading with it. From the calculation, the return is like 10% per month. The return might not be much, but it gives me peace of mind.

Choose the one (Future or Spot) that suits you and trade cautiously. I prefer Future Trading because of the flexibility it gives.

seanwilliam:
I love how you carefully chose your words.

E go hit am abi e no go hit am? Pick one side 🌝

ETH will not reach $27,282 by 13th October 2025. If it reaches, I owe you $500.
ETH will not reach $13,282 by 13th October 2025. If it reaches, I owe you $100.

seanwilliam:
Will history repeat itself?

Let’s check Eth price and performance over the years
1. October 2015 eth price was 0.92$
2. October 2016 eth price was 2.31$
3. October 2017 eth price was 305.88$
4. October 2018 eth price was 197.38$
5. October 2019 eth price was 183.98$
6. October 2020 eth price was 386.59$
7. October 2021 eth price was 4288.07$
8. October 2022 eth price was 1572.71$
9. October 2023 eth price was 1816.46$
10. October 2024 eth price is currently 2456.02$

11. My prediction for eth come 2025 October is
27282$, at worst 13282$.. eth will hit 5-figure come next year Oct ..🌝

The chance of Eth reaching $27,282 by October 2025 is less than 5%. The chance of it reaching $13,282 is less than 20%. Those top 10 coins on Coinmarketcap, hitting 5x before October 2025, will be a miracle.

Forget about their history. In the earlier days, most countries were not strict with crypto. There are not many Crypto bans by countries. People have not lost much compared to what we see today. There are a few shitcoins that suck liquidities. Most people were entering into Crypto. Most of us here started trading on average from 2015 to 2020.

At the start of this year, every Crypto news channel kept shouting, "2024 will be the mother of all bull run". You would expect that BTC will be at least 90k at worst by now. Most of them have started shifting the goal post to next year without any reasonable reason. My take is that, with time, top coins won't be that volatile. Their movement will be like the stock market.

Unless there is significant positive news like, say, the USA started accepting Bitcoin as legal tender just like El Salvador or China lifting restrictions on Crypto, or companies like Paypal, Amazon, eBay, etc. start accepting Bitcoin, it will be hard for it to move at the rate they use to move in their early days.

So if you want to hit it big, shitcoin can still do the trick (if you are trading Spot), but remember your money might evaporate in the thin air. If you want peace of mind, trade only the top 5 to 10 coins on Coinmarket.

Alexas58:
For you to be up 30% on profits on solana!

Solana has to reach 178 to give you profits!

But solana has not reached 165 sef since

Make Una dey mind how Una dey lie

With the current price of solana if you bought one solana with 500 at 130

500/137= 3.64 solana worth

Current price of solana now = 144.5

144.5 x 3.64solana = 525.98


10% of 500= 50!

Profit no even reach 50

Verdict!



They think it's by reading bunch of craps daily!

Practicalise it na

Theory and practical are two different things

Uptober indeed!




Where is doyin the scammer
With his numerous monikers

Guy, you dey fall your hand ooooo. As a professional, you should know he is talking about futures, not spots. Making 30% profit from his entry capital is very, very, very easy. As you know, in Futures, everything depends on the leverage that he is using.

I don't see Bitcoin reaching 100k this year. Who is interested in challenging my prediction? Let's bet abeg. At least if Bull disappoints me, I know my prediction won't disappoint.

muhamm3d:
BTC dropping to 31k in a few days. If you are longing, exit your positions now!!!! There is nothing up the charts to grab anymore and when there is nothing up pulling it the only other way is down!!! Run ooo

Really? If you are 100% sure of this, can you short the market with your life savings?

Brayss:
please share a screenshot on how to go about it

I hope you are using a computer. I mostly use a computer. First, visit www.bybit.com/trade/usdt/BTCUSDT and then click on the settings, which is the first picture. It will display what you see in the second picture when you click on it. Click the "Position Mode" and it will open a dialogue box as you can see on the third picture.

If you are using "One-Way Mode", change it to Hedge mode and make sure that you apply it to all USDT. Click Confirm and you are good to go.

Brayss:
Please is there a different way to set orders for short/sell on Bybit futures,because my order only works when I buy/long

Which mode are you using, "One-Way Mode" or "Hedge Mode"? Be sure you are using Hedge Mode

Sheriman:
It is safe to say person should be trading only BTC you see those Alts dey are rubbish. If BTC dey pump dey wouldn't pump but if BTC dump dey go dump pass BTC self. Me no dey trade dem again.

No be small thing. They are quick to dip but hard to rise up again. As if it is not enough, the Exchange will still delist them. To make money in crypto is not easy. Too much brain power, patience and many a night you will be asking yourself "Why didn't I pull out" as if you are doing something in the other room and score an own goal.

Man must survive

harry2sexy:
Websocket? Is it like an app or can i use it like the way one can use martingale script?

No, it is just one of the methods of fetching information from a website. Binance supports it. You can use it to get information from Binance. Check their documentation page

twosquare:
That's because it's been programmed to do likewise (I meant altcoins).

Question: How fast can you sell a coin when you see BTC fall in price?

Can you do it manually or a programmed bot or script will be do it for you.

Who are those selling the most on altcoins when BTC price falls? Project creators or normal investors?

Final question: Why is it that despite BTC price falling badly sometimes, some few tokens' price just remain constant or don't give a shit...?
Discuss everyone...

You need to be running some supercomputer to achieve that. Even with that, it will be very hard since you still need to get information from platforms or crypto websites before you can decide whether to buy or sell. For example, if BTC dips sharply and you depend on Binance API to give you the information, the dip will have already occurred before Binance API sends the update to you. Whatever you did with the information received from the API is secondary.

For this question, Who are those selling the most on altcoins when the BTC price falls?, I used to wonder how those people could sell/buy so fast until I came across an article that somehow made sense to me. According to the article, any time there is a lot of sales due to dip or rise, it is not people selling or buying. It is liquidation happening right there. Exchanges are just liquidating people. They are just closing orders, which looks like people are doing that.

So, if you plan to buy or sell fast, I suggest you use a script. When using a script, since speed is important to you, consider using WebSocket since it gives you updates instantly. Then, your script can do whatever you want it to do based on the update it receive from the Websocket.

comfortmsurshim:
Especially those Twitter so-called Twitter crypto influencers "it will soon hit my prediction," "I warn you about the dip" "it will reverse to 58k and pump to 80K" Every week, they keep saying the same thing.

Someday, I will surely host "BIG TRADERS NIGERIANS". It will be similar to "BIG BROTHERS NIGERIA". All these Crypto/Forex predictors/predators on this forum will be packed inside one cosy apartment. Each will be handed the sum of $10,000 for trading. You can use any method, be it a Bot, AI, etc., to trade.

The program will last for three months. At the end of the show, if you lose the money, na machine go use koboko treat your matter. After that, na straight to kirikiri Your Nairaland account will be banned for life

iLegendd:
I realized in 2021 that being more interested in shorting the market, even though you're in a spot position, generates more money and gives you more peace of mind. Even in a bullrun, the market spends more time going down than going up.

When it wants to go up, it spikes and does it without hesitation, then spends weeks or months consolidating while going down, then spikes again on the upside. This is to frustrate the bulls.

So, it's best to build your strategy praying for the market to go down than up in a bullrun. This can only be achieved if you're into futures.

Without futures, you'll be frustrated in the market because you're one-directional, except the money you're playing with is not meant for an important project.

With futures, you'll still be frustrated, if not more, when you over-leverage without a plan and lots of backups.

There was this shorting strategy I was using, but didn't know it's an old strategy called Martingale. I thought I had invented something new.


https://www.youtube.com/watch?v=m4KY_TV4j-U?si=0ciwPVZmQ7T1C8TB

Now I understand that what works for Mr A might not work for Mr B. 99% of my liquidation in my early days was caused by SHORTING the market. I have more peace of mind when the market is Bearish than Bullish. Here is my reason

Supposing you are LONGING SOL when its price was $200, and all of a sudden, it starts dipping. You are 100% sure that SOL can not dip by 100% because 100% of the current price($200) means that SOL will become $0. That is almost impossible unless something is wrong with the SOL. This gives you enough room to strategize your DCA. You can even add more liquidity to your portfolio because you are unafraid.

But you see, SHORTING the market, that one can cause a heart attack. You might enter the market at $10, and that coin might increase by over 500 to 1000 per cent. This makes it very difficult for DCA. You cannot predict when to start using DCA because if you enter the wrong time, that is more wahala to dead body.

I have to admit that you get mind to appreciate "SHORTING" to "LONGING".

Siberia01:
you can DCA for the rest of your life without it making back up

It depends on how you see it. If you plan to make a profit, it does not need to make it back up before you can make a profit. E.g if you purchase $10 worth of BTC at the price of $70k and another $10 worth of BTC at the cost of $65k, automatically, I will be on profit at the price of $68k. I do not need to wait for the price to hit $70k. Just pray that the coins don't go the way of LUNA or FTT.

Siberia01:
After this dip,
What conviction do you have that your bags will make it back up... Even to breakeven?

That is where DCA (Dollar Cost Average) comes in. You can still sell at a profit if you start implementing DCA. Your bags don't need to make it back up.

GovernmentAgent:
Those of you who were planning to buy Mercedes-Benz GLK from crypto pump this year...how market?

Even all the so-called crypto experts are confused.

Crypto is a Ponzi Scheme, know the truth and the truth shall set you free!

Calling Crypto a Ponzi scheme is not true. There is no doubt that there is a lot of manipulation going on in the crypto world, but it is unfair if you believe that crypto is a Ponzi scheme but believe that Forex and Stock trading are not. The same manipulation happening in Crypto can also be found in stock and forex trading.

Please tell me the difference between these two.

A.) A company start trading on Stock exchanges. They hype their name and brand. Within two years, business went sour. The company's stock value plummets, thereby leaving creditors with worthless shares. The value of the share is nothing to write home about. The company's managers pat themselves on the back and start looking/working on a different project or company as if nothing had happened. Remember, because they are insiders, they will likely have sold their shares and jumped the ship.

B.) The same scenario, but now the company has a coin (Crypto). They hype their project, and people start buying. Less than two years, the same shit happen, and they move on, thereby leaving investors/creditors with worthless coins. They move on with their life as if nothing had happened.

Now tell me what the difference is between the two.

I believe Forex, Crypto, and Stock trading are all the same. Just pick the one you want and learn. There is risk involved. Your goal is to make something out of it.

Alexas58:
It's time to go into defensive mode

I dey tell you. Complete Defensive mode aka Chelsea mode.

2nd of June 2024 to 8th of June 2024 Trading Summary
Total Closed Orders: 110
Total P&L: $733.61
Win Rate Of Closed Orders: 100%
Avg. Trade Duration: 22Hours 20Minutes

Our next update will be on June 16th, 2024. Don't forget to join our Telegram channel for our daily robot trading profit. We wish you a great week.

Hadizometer:
I regret buying this PYTH coin

Hadizometer:
Its an extremely useless coin

Most coins are rubbish. The media will hype a coin, and you will start thinking that it is the next big thing. Look at Cardano (ADA). I thought that by now, the coin should be at least $10. Nothing is happening. Look at the Ape coin; it's the same story.

I think most people who become millionaires ( in dollars) through coins are people who purchased them before the coin hit the mainstream. Others like us are just "upcoming artists."

26th of May 2024 to 1st of June 2024 Trading Summary

Total Closed Orders: 71
Total P&L: $220.12
Win Rate Of Closed Orders: 100%
Avg. Trade Duration: 1DAY 1HOUR

Our next update will be on June 9, 2024. Don't forget to join our Telegram channel for our daily robot trading profit. We wish you a great week.

ElectronicMoney:
This year's bull run will not be like the last one because the market is saturated with coins most of which are junk!

The most annoying thing is that new coins are still being launched everyday inspite of the fact that over 98% of all airdrops and new coins are junks and rubbish!

Anyone can just wake up and develop one rubbish that has absolutely no use case and start doing airdrop, there is now a need to erect barriers to entry so that scammers and idiots will stop churning out rubbish coins!

My issue with some of these coins is they can easily be delisted from a platform. It is even more painful if you are trading Futures and they get delisted. Your loss will be compounded.

Sunnybabe:
Crypto gurus...

I have Shiba, doge, theta, floki, and Pepe in my PF.

But I'm not gonna be with my phone regularly till December or January.

Are this coins going to print well till then or which one should I swap to another. Pls advice me

If everyone here knows the answer to this question, we will all be billionaires. No one can be 100% sure of the next price move in the crypto market. What we are all doing is guesswork using charts and events.


Since you have five coins, one of them will surely perform well.

cmoney22222:
With this starting capital, you suppose Dey target 100$ daily nah…

That capital does not mean that I am using it for trade. It is just there to avoid sudden liquidation due to the sudden increase/decrease of a coin without your notice. Provided that there is enough balance in the vault, liquidation is least of my worries.

If you are asking how much I use when opening a trade, it is between $1 to $50. Everything depends on the coin, time, volatility, and other things. Before I used to trade like there is no tomorrow. The risk is much, so is the gain that comes with it. I can go into a trade with nothing less than $100 dollar. At some point, I realized that the gains does not worth the risk with the HBP it causes you.

Right now, I just trade for tomorrow. There is no reason to rush. I have my maximum peace of mind. No more HBP/Risk trading. That is the reason the profit is not much but it is ok.

Our last update was on the 25th November 2023. As you can see from the picture. We achieved our daily earning target of $20. In fact, we earned around $300 which is like $60 per day.

In summary:
No Loss Recorded: Achieved
Daily Earning Target: Achieved
Monthly Target: On Target

Our next update will be on Saturday/Sunday. Stay Tune

Happy Trading

cmoney22222:
Op nice one. Am following this back to back. I will start mine on February too after this festive season … may I ask how much are you starting with on this venture?

Starting capital is between $3k to $8k. I said "between" because I do withdraw funds from there for urgent needs. It is more like the money in your bank. I just use a portion of it for trading. But be very careful of the boogeyman called LIQUIDATION.

Owolabi97:
Why are trading future instead spot
It's too risky

Having traded Spot in the past, I think although Spot can give you peace of mind, but it cannot give you that fast profit which Futures can give you. Moreover, Spot trading can tie down your capital if the market doesn't go your way. For example, if you purchase Btc at 38,500 and BTC drop to 38,000 or less, you have to wait until BTC goes to above 38,500 for you to make profit. The waiting can sometimes take half year or even 1 year. A good example are those who purchase BTC when the price was around 40k. They have been waiting since 2021. That is more than 2years now.

Although Future trading is very very very risky, that is why I am being very very very very very careful. I have got burnt before and I don't see it happening again. Right now, I am ok even if I make $1 in a day.

This thread is my day-to-day trading records. I call it my "Futures Trading Diary". The main purpose of creating this thread is to remain focus on achieving 365 days of trading without a single loss.

I started using this technic on 06-11-2023 and plan to run it through 05-11-2024. Both my gains and losses will be posted. Everything is straight from the oven. If I got liquidated, then the thread will be paused while I go back to the drawing board. Expect an update between 10:00p.m to 12a.m.

In summary:
Estimated Active Running Time: 06-11-2023 to 06-11-2024
Daily Targeted Profit: $20 and above
Monthly Target Profit: $600 and above
Targeted Profit at the end of this session(One Year): $7,000 and above

Since Futures trading is too risky and has no perfect way of trading, I can only post but will not be giving suggestions on how to trade.

Tohmey:
My man, so which coin can give up to 24% staking return with upto $1billion market cap

It will be hard to see a coin with market cap above $1billion that will give you 24% APY. However, coins like INJ which has a market cap above $1billion can give you up 18.9% according to Binance Flexible staking. Also checkout AXS. Although their market cap is not up to $1billion but they are very close to them. Their Binance staking APY is around 25%.

It will be very very hard to make a lot of money through coins like BTC and ETH these days. If Btc add only 10% alone in a day, some altcoins will add 50% to 150% within three days. So choose wisely on which you want to go for.

Bmaster:
staking is a kinda slowest process to me.
I rather buy usdt and wait, Nigeria my country would always be a consumer nation,hence there is 80% chance of naira plummetting.

Are you sure that is the best way to go? Even if you purchase dollar and wait for naira to plummet, unknowingly to you, you are somehow doing what I called Staking Without Profit. Here is why: Suppose you bought $1,000 and wait for naira. And within a month, naira goes from 1,100naira to 2,500naira and you said Ahaaa, now is the right to to sell my dollar. When you sell the dollar, you are getting #250,000naira.

But if you have stake the $1,000, you are likely to get at least $3 to $10 depending on the platform you used. Let's assume that you get $3, that means you will earn additional #7,500 apart from the #250,000.

Hope you know as the naira plummet, prices of goods and services will also increase which means whether you sell it today or in God knows when, nothing really changes much.

Here is my question: After you sell your dollar, what next? Are you going to wait for the naira to go back to #1,100 (which is very unlikely) or are you going to throw in the towel and exit the ring?