seanwilliam:


So no one saw this coming

Which of these will happen first ?


Btc 14k
Eth 700$


Like for b.t.c share for E.t.h

Some people did.

As far back as Oct14.

seanwilliam:
depending on wetin u Dey hold and how much you invest . Some of these coins might not recover

If you no sabi short your bags for spot while holding, na OYO you dey.

Last last na to go open corresponding short on futures to maintain account balance.

SUPERPACK:
Crypto is mostly based on speculation, as such making such statements publicly caused panic withdraws from Ftx and also massive dumping of ftt. We all saw how same fud made Celsius go bankrupt due to ripple effect of massive installing and withdrawals. Should people also rush in to withdraw their money from binance in panic they will also face liquidity crunch since most of investors money are diversified.

It will be very hard for binance to face liquidity crunch as they are not in the habit of buying things with money they don't have, or doing kalokalo with traders' monies which are SAFUly stored off the exchange to deter hacking.

If binance is going to have problems, it won't be from liquity crunch. Maybe political or regulatory.

noCAP:
na mkpakara BnB I get, less than $600. I don dey hold am since last year, so if anything sup, e no go pain me

Bnb no fit waste.

Last last, you go use am for trading fees.

lalalista:
Market crashed again. Too bad. Hopes dashed

Party just starting.

US senate elections today and CPI on Thursday too.

Hopefully, $18k will hold.

OffsahBoye:

I think this usdt/ngn pair will let the supply and demand of demand determine it's price and changes

Not how P2P merchants just wake up and set prices at their own free will

Glad we can buy ngn directly and not necessarily USDT

True.

While P2P stood at 854, NGN kept visiting 825 and below.

There's room for arbitrage here.

solreb:


What about CBN policy restrictions about using Nigerian banking system directly to buy crypto. Has that been lifted?

It hasn't.

This is a modified P2P system, but for NGN fiat only.

doyin01:
So I tried the new usdt/ngn feature...yeah the naira deposit was successful and like around 2% was charged from the deposit of 20k...deposited 20k , received 19,600naira....tried to buy usdt at the usdt/ngn market and saw that it was priced at 834 naira which is the same price on the P2P too...I think the major benefit of the new feature is that you can buy usdt without going through P2P , but it is still the same prices....if not even cheaper on p2p since I do not need to pay 2% fee..

N834 or N843?

Another advantage I see here is that you can set your buy prices for usdt at support levels and also catch the wicks, while P2P prices are still lagging.

Usdt/ngn got to 819/820.5 today but P2P prices didn't.

No wonder that chart has been behaving funny of late. More and more usdt/ngn conversions going on.

ALTERNATEID:


I just tried it with 5k and I got 4,900NGN. There is a USDT/NGN trading pair so you can use it to buy USDT at current market price.

Seems it will be cheaper to buy usdt directly on P2P then.

What narration showed in your bank statement after payment?

seankafor:
try it ans give us feedback

I no get disposable bank account.

Me sef dey find scapegoat.

Anyone tried this new feature?

Pump or dump for usdt?

oluwapoju:

It's all a lie. The Naira pump was due to downtime in all our banking network yesterday.

No be today dem don dey get downtime na.

Did naira pump on other such occasions?

OpenHeaven2019:


Lol.

If you believe this then i have a continent to sell to you.

It doesn't have to be true, but the news (FUD) was most likely responsible for the sharp drop in price.

oluwapoju:
Is $Naira Bullish ?

Heard USA is planning to stop accepting bills older than 2021 to checkmate stockpiling in Africa. Other allies were enjoined to follow suit.

Demand for USD dropped and NGN seems to be gaining strength for now.

BTC might be the next alternative for the criminals and politicians stockpiling cash outside banks.

N745/$ incoming ...

braindee:
We are quite few and there is no list per say but we're mostly on the e currency thread here https://www.nairaland.com/5828664/currency-e-currency-market-deals-2020/1737

1. BrainDee
2. Cokebar
3. Wese90
4. Samsard

Who carried out the verification? EFCC ?

Goldbw122:

I think it is the most profitable, yeah but it takes patient, I don't really understand binance, so I just go with bybit, and see the result I have, I don't know if autobots can run into loss?

Yes, autobots can run into loss if you don't set them up properly.

If you create a 18500-20500 grid and btc goes out of that range, you will be in loss until it falls back into that range.

They are quite profitable if setup properly and can generate constant passive income with patience and minimal supervision.

That 2119% APR is what you will make in a year if sol stays within your set range during that period.

I prefer tight widths so they can be hit as many times as possible eg it's more likely to hit a 0.2% width 5 times than it is to hit a 1% width once for some coins. Just saying.

I use auto fill on bybit, I don't understand the numbers even when I have watch numerous videos on YouTube... I know is a step Sha, so about the stop loss and take profit is it necessary to fill? Since it automatically, take profit?...
Thanks for your future response.
God bless you.

Autofill is okay for beginners. It suggests safe settings based on past performance of the coin. On Binance it's called Auto settings and you can switch to Manual mode to input your own settings or modify the auto settings.

In the pics below I copied the AI suggested auto settings to manual mode and edited the upper and lower limits as well as the number of grids to arrive at 0.2-0.34% profit per grid (buy or sell point).

Take profit ends a long grid if price goes above the upper range or whatever price you set.

Stop loss ends a long grid if price falls below the lower range or whatever price you set.

You can use TPSL if trading narrow ranges eg 18500/20000 but no need if trading wide ranges eg 14000/28000 to reduce time spent recreating it.

Goldbw122:

Thanks
I don't really understand, how can I lock in profit or it just lock profit after reaching the other price range? Pls explain.

Yes, it will lock profits itself. It's on autopilot so you won't have to do anything else after the initial setup. It will buy and sell automatically as price rises and falls within the set range. Rinse and repeat.

Why did you choose OP/USDT though? Does it range regularly?

You also have only 2 grid lines? What's the width percentage? That's your TP percentage.

I prefer tight widths so they can be hit as many times as possible eg it's more likely to hit a 0.2% width 5 times than it is to hit a 1% width once for some coins. Just saying.

The strategy is only as good as the settings you input.

XaToXi:


Currently no fees on spot and margin btc trading on Binance, bybit and gate.

You can target the 18k to 21k range (or 14k to 28k if your capital covers that).

The smaller the grid width, the better. Say 0.3 to 0.5% profit per grid.

You can use this to accumulate or compound :


https://www.youtube.com/watch?v=iBK8GZCVpMs

I've accumulated 60% more btc in the last 30days using this strategy to trade btc in the 18000-20500 range.

That's like 2% daily increase on my btc stash.

All automated and on autopilot.

Tsfari:




You are spot on. If we break 19.7k, we are mostly likely to see 19750 or 19800.

The bulls are back

Before nko?

Prayfortheworld:
Abeg wetin Una dy do oh
I get like 3k usdt wey i buy.. I want make the money dy multiply
Atleast make i get like 1btc before bull comes
Abeg wetin Una dy do people wey don try for crypto

Currently no fees on spot and margin btc trading on Binance, bybit and gate.

You can target the 18k to 21k range (or 14k to 28k if your capital covers that).

The smaller the grid width, the better. Say 0.3 to 0.5% profit per grid.

You can use this to accumulate or compound :


https://www.youtube.com/watch?v=iBK8GZCVpMs

Geovanni412:
Abeg has anyone tried out bitmama's debit card for spending crypto? If so, how good is it and is there any other reliable crypto debit card that works well in Nigeria.

cc:

No idea at all.

Loading the dips.

#NFA
#DYOR

worksmart:
The married woman was a kidnap victim, how she was brought to the doctor's office without raising suspicion is a mystery.

Seems she was the one dumped in a dustbin outside while his gf was buried in the shallow grave in his office.

armadeo:


Omo byc fees no be here.

Just click buy or sell and cancel. You go pay for that idea not that you put it in motion. Just the idea.

Try it and see. I even used bnb to tey and reduce price I didn't see the difference.

No fees on spot and margin btc trades for now on Binance.

Same applies to ETH and a few busd pairs.

Geovanni412:


Bro, do you use stop market order or stop limit order for stop loss on mexc or binance? I set a stop market order at 19480 but it wasn't filled. Yes, i dey favour me at the moment but the thing dey concerning. U don observe this kind thing before?

cc: Xatoxi

Maybe you enabled price protection.

I use stop limit though.

Yellowblack:



Which indicator do you use boss

MMVD V2 by Hawkeye charting + VPVR

Based on these BTC liquidity areas :

You can ladder short at 18975, 19320, 19500, and 19700.

SL : 20200

#NFA #DYOR

Pump or dump, we keep printing.

Geovanni412:


Bro, how is it possible that the short will never be liquidated ? I think a lot of people would want a more detailed explanation on this.

You enable cross collateral mode on futures, transfer the $1500 btc you bought on spot into your futures wallet and short an equivalent $1500 worth making your effective leverage 1x or less.

1x approx if your wallet total is $1500 or 0.75x if you have an extra $500 usdt for the 3x short to bring your total wallet balance to $2000.

danowena:


Very true. One or more of us has had similar situations. But the fact remains that no one can tell tomorrow. Just as at this period some are saying bitcoin will crash to $13,000 , others are saying it will pump to $30,000.
So the dilemma is should I buy at the current price of $19500 and hope it will go up or should I wait till it falls to the $13,000 and buy at the dip. What is the assurance it won’t fall below $13,000? What if it starts rising till it gets to $100,000? Should I short at this $19,500 with the hope that it will fall? What if it doesn’t fall as speculated? There are so many uncertainties that is why we pray for God to enable us make the right decisions.

Rough idea. From $19500 :

28% dump = $14k
28% pump = $25k

Leverage for 30% move : 3X

You can go long on spot with $1500 and go short on futures with $500 using 3x or 4x leverage to hedge your spot position.

Whatever you lose on spot, you gain in futures and the short won't be liquidated until 25k, or never liquidated if your move the $1500 btc into your futures wallet. This way you don't lose whichever way the market moves.

You ride the profitable leg to the max, close it and use it to DCA the other leg when market reverses.

Alternatively, you could open both long and short on futures with SL on both. One gets cancelled out and the other runs to net profit if you place your TPSL well.

If shorting on futures to hedge your spot position, a 90:10 ratio might be more cost effective but that will cover only 10% moves.

petux:


Please hiw did you get these info? Is there a link?

Saw it on a telegram channel.

In the period from September 6 to September 13, CME institutionals reduced the number of short positions, and took a few long contracts after the dump. Probably a local uptrend should be expected in the near future. Current price is 19600.
#BTC