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Investment › Re: Crypto Currency Investors Thread by yazga: 1:25pm On Feb 22, 2021

Rules To Win In Life
- If you want to be successful you should follow these steps, or these "rules" We all should follow this because I mean, who wouldn't want to be successful? Even though we might have different definitions of success, these could be applied to yours too.
- Have a vision for yourself, have clear what do you want to be,
- Don't compare yourself to others, compare yourself with your old you, and see what you have to improve.
- Also, you need to realize that in order to grow you need to get out of your comfort zone and that if you read books you can get ahead of the competition.
- Remember to always stay humble
-And never quit the game, the game called life.

2 Likes

Investment › Re: Crypto Currency Investors Thread by yazga: 1:24pm On Feb 22, 2021

lordnaruto:
BNB dey find oil o, it keeps digging and digging.
This crypto world no be for the faint hearted o

Rule 4 of cry.pto

Investment › Re: Crypto Currency Investors Thread by yazga: 1:24pm On Feb 22, 2021

Thats the way to go

Peterpan222:
This is insane. Eth isn't solving any problem with this ridiculous gas fee. Looks like I'm gonna go off any project that has to do with ERC-20

Investment › Re: Crypto Currency Investors Thread by yazga: 1:12pm On Feb 22, 2021

This is one of the few cryptocurrencies that I give a full stop ‘no’ on, and have for some time. Before I continue, I should say that Ripple Labs and their blockchain have a good business, helping financial institutions to save costs using their network. That part, I am not disputing.

XRP is not competing with platforms like ETH or NEM, nor is it competing with privacy focused tokens like XMR or ZEC. Instead, they are a payment network for financial institutions. Their main competitors are projects like Hyperledger, R3 Corda and the Ethereum Enterprise Alliance. Ripple and these products all solve the same problems for the same group of companies.

Here’s the problem with grouping Ripple in this market: None of Ripple’s competitors have a native asset to their platform. They solve the problem that XRP solves without the need of a similar currency. That means if I’m evaluating Ripple vs Hyperledger Fabric, one of the things I have to take into consideration is the fact that I need XRP to run Ripple’s network whereas I do not need this for Hyperledger. In a way, it’s like adding an extra step that just is not necessary.

Now, you may say that Ripple can be used for other use cases and that their platform for is permissionless allowing for anyone to use it (vs the ‘permissioned’ competitors I showed above). And technically, you’re right, but the thing is that Ripple is primarily about winning the Financial Institutions market. All the organization’s efforts are going to make the product better for financial institutions to use, and even though you could use XRP in the same way you use BTC, everyone else is using cry.pt.ocurrencies like LTC, BTC and even ETH.

See Ripple has a cryptographic currency XRP which is a premined cryptocurrency unlike bi.tco.in (and others) which needs to be mined. The main thing that was supposed to boost XRP value was locking down of its 55 million co.ins in december , 2017 (which happened and boosted its value a lot). Ripple comapany is mainly working to make transactions of banks better. In simpler terms blockchain is a good technology and banks wants to use that technology. Some banks are creating their own blockchain system (in future i think all will). Now what ripple is doing is it has a RippleNet software (which is based on blockchain) which it is providing to banks . The main thing in that software is that it uses ILP protocols to do transactions which seems to be appreciated by banks

kolagbemi:
For the past 48hrs I read so much about XRP because I chose the coin for a very long time investment option. But I've read a lot that makes me have a rethink.

I've check for the worst scenario for XRP and to me it's not really scary, moreover settlement is the most likely way out..this will be good for small traders like us....in the sense that, the fines will be on the current XRP on escrow by which Ripple plan to keep controlling the price at a stable price. That will reduced the power Ripple has on price control...they still hold over 60b xrp in escrow.

My problem with X.R.P is the main objective of the coin....the token is designed to be used as international bank transfer.

My worry.... for this to work, there must be price stability. will this not keep xrp price from rising above a particular price.

Guru in the house please enlighten me....this same applies to XLM because they are bird's of same feather.

Now banks keep publishing the news that they are going to test ripple (which is actually ripplenet) and many people mistake it for XRP. XRP is a fast cryptocurrency but technically not reliable like bitcoin , etheruem etc (the concept of mining here is making them more reliable and harder to crack … but xrp community claims that they dont want XRP to be a storable asset like bitcoin …. they want it to be a converting medium from one currency to other … bcz of its fast speed). Now if i clear to you the point what XRP wants is … suppose i have to send money to a foreign friend … As a Nigerian … convert my Nairs currency to XRP and transfer XRP to that friend… he will then conver XRP to USD and thus he got his money. The problem is variable assets aren’t too good to transfer money and hard to be used in real life for transfers or conversions. The only good thing in ripple is its speed though i never feel cryptocurrencies should be too fast (the harder it takes to make bitcoin blocks the harder to break them). Ripplenet basically wants the transactions done by banks using swift protocols nowadays to go via ripplenet. Also Banks are testing Swift SmartContract and IBM Hyperledger which are competitors of Ripple (huge banks are testing them while small banks are testing ripplenet). And regarding speed we always had options like paypal or other transfer methods which were instant and more reliable. I never personally feel Ripple is a good choice as compared to ethereum but the news of banks testing its software will boost it again and again… only reason to invest in it. Ripple is mainly targeting Asian banks and in countries like India one news of SBI can give it huge rise. Many people are still confused with the fact that banks will use XRP which is not the case so far (they will go with ILP) and at last competition is huge… the problem is bcz nowadays cryptocurrency news are getting viral …people are not getting new of other blockchain systems getting tested by banks.

You should invest in it bcz public will invest in it surely as they get news of banks testing its software : IGNORANCE BREEDS SUPREMACY .

Investment › Re: Crypto Currency Investors Thread by yazga: 12:56pm On Feb 22, 2021

Due Diligence Steps for Crypto Investments

According to leading cr.ypto.currenc.y price aggregator, Coin.Market.Cap, there are more than 1,600 digital currencies available as of this time. In reality, there are probably many more than that in existence, as not all of them will have made their way to the price monitoring site.

While many of these crypt.ocurre.ncies are attempting to innovate and seek out a niche in the crowded marketplace, others are simply fronts for developers looking to make quick money off gullible investors—still others are outright scams. How does an investor take advantage of the incredible opportunities within the digital currency space while at the same time protect herself against these bad bets? Following the due diligence checklist below is an important part of the process.

Survey the Model
If you've identified a potential cryp.tocu.rren.cy investment, one of the first steps you should take is to research the business model. Look to the company's white paper and see if it holds up under scrutiny.
Does the model allow for scalability? Is the timeline for development, launch and expansion reasonable?
Are there glaring holes or issues with the developers' plan?
Is the business model strong but one of many similar plans in a crowded market? Some cry.pt.ocurren,cies are copycat strategies that may not be able to set themselves apart.

How's the Team?
In exploring the offerings' white paper and website, look to the development team as well. It pays to take the time to research the members of the team. In some cases, digital token websites have listed "team members" who are not actually involved with the project, while in other cases companies have fabricated individuals completely. Are the team members and their positions on the project real? Beyond that, are they qualified to deliver what they claim to be able to do? You may even wish to do a Google image search for pictures of team members to see if those photos were taken from another site.

Beyond that, you'll want to try to assess whether the team is large enough to tackle the project at hand. Are there any areas that don't seem to be covered by team members? This could spell doom for a project later on.

Partnerships, ICOs and Profits
A hallmark of the digital currency community is partnerships between individuals and ventures. While these can be extremely helpful, they can also lend false credibility to a project that doesn't have the fundamental elements necessary for success. Look into any listed partners to see if the collaborations seem legitimate and if they are actually useful to the project.

Many tokens launch via an initial coin offering (ICO). Look over the plan for the ICO carefully.
Does it seem to extend for longer than necessary?
Does it promise profits?
Are there any glaring omissions when it comes to how the process works?

Finally, you may wish to look into the strength of the company's community within the cryptocurrency space. While it's important to approach this aspect of the research process with a bit of skepticism (as anonymous comments online are not the most reliable sources, for instance), this can be a useful way of determining if there is significant buzz about the project. Are individuals able to provide ideas and feedback? If not, that may be a red flag. Look for members of the team being involved in conversations with the larger community as a good sign.

While there is no guarantee that taking the steps above will protect you fully from a digital currency scam, it is likely to help weed out any potentially bad bets before you make them. -INVESTOPEDIA

4 Likes 1 Share

Investment › Re: Crypto Currency Investors Thread by yazga: 12:52pm On Feb 22, 2021

Disclaimer: Nothing said by the me should be contrued as financial advice, do your own DD/research.

topsyspice:
Good day gurus in the house. I am a silent member on nairaland. I have been following this thread with keen interest and I have decided to make a bold move. I am really sorry this is a long post but for me it's really worth it.
I am married with kids and a civil servant but unfortunately, they are owing us 3 months making things difficult. Which is why I am taking this step.

So, I will like to know which coin I can hodl for long term like a yr/2. And another dt I can hodl and take profit maybe twice a week or on monthly basis. I don't hv much, just $130. But I believe in the saying a drop of water makes a mighty ocean, and a thousand miles journey begins with a step.
I already have binance account with d money in it.

Thanking you in advance.

cc Sailor1
OpenHeaven2019

ADA, CAKE, CARDONA, BNB, ETHY, Polkadot DOT

Investment › Re: Us Stocks Pick Alert by yazga: 12:16pm On Feb 22, 2021

These are the barebones characteristics that you need to consider for every stock pick you make.
-Here are a few things to think about:

1) Size
-Are you looking for well-known brands with deep pockets and resources. Or very small companies that are super agile but much higher risk? Or somewhere in between?

2) Style
-Do you want fast-growing, cutting-edge stocks (growth), unloved and mispriced stocks (value) or stocks that pay a dividend (Income)?

3) Location
-Does the business have an international reach? This will affect its customer-base and complexity of operations.

4) Sector/Industry
-What goods and services does the business produce? Are they broad market? Narrow Market? Is the sector experiencing hardship? Maybe its growing fast.

5) Fundamentals
-The foundation for everything. No matter the size, style, location, sector/industry - the same thing can be said about the fundamentals. They need to be good.

Buying on the news or tips from workmates is a big risk, and if you don't do your research, you risk buying into empty hype stocks or into hidden issues that you may have spotted had you looked under the hood.

4 Likes 1 Share

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by yazga: 11:18am On Feb 22, 2021

Drop oooooooooo

megawealth01:
Eku market on Monday ooooo... I've acquiring a particular stock for sometime now... I will be done buying today or tomorrow... Let's hope it favors me... I don't want to be dropping picks again so I don't get named BUHARI

Investment › Re: Treasury Bills In Nigeria by yazga: 11:03am On Feb 22, 2021

Owo wo gbo

emmanuelewumi:
Lobatan, money don waka.

The labour of our heroes past, shall never be in vain

Investment › Re: Crypto Currency Investors Thread by yazga: 11:03am On Feb 22, 2021*

The best time to buy is when its dip.

clems88:
What is going on gaan Monday morning everything red non of my coi.ns are even smiling . who I offend

if you reading this buy ASAP

Disclaimer: Nothing said by the me should be contrued as financial advice, do your own DD/research.

5 Likes

Investment › Re: Crypto Currency Investors Thread by yazga: 11:00am On Feb 22, 2021

It usually not advisable to have just ONE portfolio I am very optimistic @ the bolded & It's left to you and your plan

BendingMoment:
Yeah, what are the odds that someone has ONLY XRP in their portfolio? Well, I'm concerned if this extended drawback is normal and what gurus in the house do. Do y'all liquidate your positions and wait for the dust to settle, or just ride on unflinching?

Investment › Re: Crypto Currency Investors Thread by yazga: 10:48am On Feb 22, 2021

Not for X/R/P

BendingMoment:
The bleeding today is plenty, everywhere red! Is everyone just withdrawing their funds same time?

#X/R.P has increased a percentage of 3.6 percent in the past 60 minutes. The current price of $X/R/P is $0.5579. This was an increase of $0.019.

06:45:03 • 02-21-2021

Investment › Re: Crypto Currency Investors Thread by yazga: 10:37am On Feb 22, 2021

0.01 ethy

Peterpan222:
What's d current charges withdrwaing Eth from Binance? I need answer before thinkin of buying

Investment › Re: Crypto Currency Investors Thread by yazga: 10:06am On Feb 22, 2021

X/R/P IS PRIME TO BREAK $.6 @ THE SYMMETRICAL TRIANGLE Currently up by 11%

Investment › Re: Crypto Currency Investors Thread by yazga: 6:50am On Feb 22, 2021

mogreen22:
lol. What are we all doing on this thread then if not to get rich? Why are you doing Cr.ypto? I see someone that gave an accurate prediction and you want want me to hop on it. Shey you want make my money enter red nii. And the “ let’s all be rich” is carrying everyone along

Investment › Re: Crypto Currency Investors Thread by yazga: 8:07pm On Feb 21, 2021

Sailor1:
There are over 5000 crypt0 coins most of which have no usecase. That said, they're still worth money.

Why should I be bothered about a coyn worth nothing?...
Remind me about it when it's worth actual money. Not numbers on a cellphone.

The fact that folks kerp going up and down begging people to register says it all. Who have you ever seen doing that with bitc0in

Whatever roxks your boat! I just pointed it out to you who claim it's a scam that it actually exist. Have a good evening Sir.

1 Like

Investment › Re: Crypto Currency Investors Thread by yazga: 8:00pm On Feb 21, 2021

mogreen22:
how exactly. Please explain

You want to get accurate prediction to be "rich"

Investment › Re: Crypto Currency Investors Thread by yazga: 7:56pm On Feb 21, 2021

Sailor1:
Looked at your profile and saw something on pi network... You're beginning to look suspect... I doubt you're a trader... Likely copying and pasting stuff from a group here with the ultimate aim of luring folks into your scam pi network

How is pi a scam? Can you explain?
I have attached a picture of the pi
I also mine pi, the same we many called beatcoyn a scam today they are trading in it. Please before we call someone out let ensure it actually true, even beenace does referrals for inviting your friends and many are using that method also.

1 Like

Investment › Re: Crypto Currency Investors Thread by yazga: 7:52pm On Feb 21, 2021

mogreen22:
make dem sha Dey give accurate positions. Let’s all be rich �

This is Greed at play

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by yazga: 5:38pm On Feb 21, 2021

ositadima1:
Cointigration - (CADF test and Johansen test)

Stationarity - Augmented Dickey-Fuller test

Hurst exponent

ADF and Variance Ratio tests

Augmented Dickey-Fuller Test

Half-Life of Mean Reversion

My people, to make money no easy o. When I knew I have hit the last straw was when they mentioned heterocedasticity my head scatter. An that all dis stuff are equations to be implemented programmatically.

My hair don dey white o, if I no hammer for dis NSE, watin I gain?

Investment › Re: Treasury Bills In Nigeria by yazga: 5:35pm On Feb 21, 2021

Pee2Jay9:
Happy Sunday seniors. Please which business can I do to get minimum of 500k monthly? How much capital will be required to start such business? I humbly solicit your kind ideas please

Banditry

10 Likes

Investment › Re: Crypto Currency Investors Thread by yazga: 5:30pm On Feb 21, 2021

mogreen22:
For some reason. This guy is a bit accurate for bnb. He estimated that bnb will drop and also rise to 309 a few hours ago. Now it actually did stall on 309....... so now with what he said. It might drop to 282 again before heading 332. Might be wrong. Not financial advice

They're in the same Telegram group

Investment › Re: Crypto Currency Investors Thread by yazga: 5:29pm On Feb 21, 2021

Important message if you're new to Bitcoin bull markets:

- BTC is very volatile
- Only invest what you can afford to lose
- Social media is not investment advice
- Don't buy BTC with credit/loans
- Keep long time horizon
- Do your own research
- Be patient
��

9 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by yazga: 1:14pm On Feb 21, 2021

Tvegas:
When people start calling those far fetched entry prices people should know its time to start buying. I still believe there is one more bullish surge on the NSE before prices start declining in April.

Best time to buy

Investment › Re: Treasury Bills In Nigeria by yazga: 1:11pm On Feb 21, 2021

ositadima1:
They have facilitated scammers. If u use P2P without a solid escrow, u are on ur own.

This is not true, I have used P2P countless times since the ban.

Investment › Re: Treasury Bills In Nigeria by yazga: 1:10pm On Feb 21, 2021

ahiboilandgas:
out side where omonile operates in Nigeria ..if u have strength then it ok. I can't be paying some nusaince...development fees ,foundation fees ,beer fees as a investor...

Oga! E get where omoonile no dey for Nigeria, even when you buy a new property in Lagos, you go buy Baale drink, drop something for boys wey dey help you watch the place.

Health › Re: Trying To Conceive A Child? TTC by yazga: 1:05pm On Feb 21, 2021

Fedoglo:
What can he use in treating the staph

Herbs

Investment › Re: Us Stocks Pick Alert by yazga: 1:05pm On Feb 21, 2021

posty56:
shebi let them change broker na!, That drivewealth dey do eni how dey should use trading 212 brokers

1 Like

Investment › Re: Us Stocks Pick Alert by yazga: 1:04pm On Feb 21, 2021

Leezah:
Chaka is better in my own opinion
Deposits and withdrawals are almost instant on Chaka, except for some cases where there are bank issues with transfers.With experience from friends who used etoro, if there is a plan to exit Nigerians from the Platform, there will be a cut off date, a minimum of 4 weeks notice to sell off existing stock.

With the current challenge they have with SEC, it not advisable.

3 Likes

Investment › Re: Us Stocks Pick Alert by yazga: 12:33pm On Feb 19, 2021

To all of those panicking: Keep the long term vision and ignore the short term noise. This is completely normal and expected

When you invest for the long term, what happens in the short term doesn’t matter.

Long term investors love market pullbacks because we see them as opportunities rather than panic events!

Stay strong and control your emotions!

The market will be GREEN

7 Likes

Investment › Re: Crypto Currency Investors Thread by yazga: 12:27pm On Feb 19, 2021

Join them on telegram Group of Nairaland Cryp.toCurr.enc.ies NLStyle

Kennyking1234:
Just signed up for binance got verified. Please how can I get the wallets

Putting all eggs into one basket is high risk. By doing so, one needs to be prepared to lose it all. Take small bets. Calculated ones. Bets that would not change your life if it was to be a loss. Add slowly to your life. Don't aim to go all in at once. And if you do.... Prepare yourself.

Investment › Re: Crypto Currency Investors Thread by yazga: 12:26pm On Feb 19, 2021

solreb:
In Dodo at 6.5 just now that I read the thread. And also dumped my little BNB on the launchpad. I learn everyday on this thread. And I am just getting near to double my portfolio since I started on Jan 9. God bless you all, the newbies like me and the bosses. I pray that we all make money and achieve our objectives. Only God knows all that I have achieved in my head with the $$Billion I will make from crypto

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