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Crypto Currency Investors Thread - Investment (445) - Nairaland

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Re: Crypto Currency Investors Thread by jedisco(m): 8:40am On Apr 02, 2021
Ibeme:


Money is like energy, it can only be transferred from one party to another. Someone must lose for another person to gain. Folks should be careful out here. I see too many folks talking about buying a coin and forgetting for a year or few years. Such approach will get many wrecked. 95% of coins have not reached the ATH they achieved last cycle and likely will not. Most of the coins this cycle will not come back next cycle. Peeps should play this game with an end in mind, and that end is always recycling back into a stablecoin or B.T.C. Follow the trends (now NFT and Layer 1 alternatives to ETH, previously DEFI), Don't chase a pump and buy the dips in the largecaps after on-chain analysis. And if you have a moombag for micros, let it be money you can afford to lose. These might not get you crazy xs but it will give some.good returns and most importantly protect your capital. We will all want to have good.capital to invest in the.next bear cycle.

Very nicely said.
Find it interesting that folks want to buy a coin after it has done 10x and keep it for the 'longterm'. Another thing is that there's no mention of this on a day bitc0in pullsback and most coins are in red.

Every rally has its alyts. After the rally, traders forget them and they largely remain in a pitiable state for a very long time. It's then that good coins differentiate themselves by holding structure. A new rally will come with new coins too.
Reason I don't bother myself with the story behind an alyt

7 Likes 2 Shares

Re: Crypto Currency Investors Thread by Ibeme: 8:42am On Apr 02, 2021
SteveOfu:
Today is 2nd April 2021, mark my word cb will be different

Well it's reckless to say buy this, buy that without providing justification for the valuation. It could move either way, I can only speak for my approach. Right now, I am not invested in any stock, I only have shorts on stocks I think are overvalued especially Tech stocks and I will not deviate from my strategy which is to trade in the general long term direction I think the market is going which is down.

Putting a value on Kōinbeezy shares is difficult as they have good profits from last year, but losses from the bear period of 2018 to 2019. One thing I will say they have going for themselves is that they are one of very few tech unicorns to list while in profit. They should also benefit from FOMO of the retail investment Creeypto crowd who just buy based on narratives rather than fundamentals. However we have seen valuation by analysts around $20bln mark while at some point, they were mooted to be exchanging for $100bln marketcap and I believe they will list around $77bln. When I see such divergence, it is my preference to stay away although I don't doubt it could go up based on retail crowd. It could also go down based on Institutional shorting.

2 Likes 1 Share

Re: Crypto Currency Investors Thread by DieRich5: 8:44am On Apr 02, 2021
Notyamate:


WIN is a pnd coin, it was being pumped yesterday and some folks have cashed out on their profits, while those they dumped it on are hoping it will rise again so they can also cash.

As you can see from the volume, many are trap so do not throw your money in now, allow the ground to settle.
God bless you sis
Re: Crypto Currency Investors Thread by Avast(m): 8:51am On Apr 02, 2021
MrCodeSolo:
We are back again

Boss FET is doing me strong thing but we die there together. I am very sure it is still coming up.

2 Likes

Re: Crypto Currency Investors Thread by Nobody: 8:52am On Apr 02, 2021
This WIN dey play with person.
Re: Crypto Currency Investors Thread by MrCodeSolo: 9:00am On Apr 02, 2021
Avast:


Boss FET is doing me strong thing but we die there together. I am very sure it is still coming up.
consolidation phase my friend, FET is consolidating...

2 Likes

Re: Crypto Currency Investors Thread by Eduwa4: 9:00am On Apr 02, 2021
no win coin on binance pls someone should kindly help on which app to get it from easily.

1 Like

Re: Crypto Currency Investors Thread by LauraClasikVibe(f): 9:05am On Apr 02, 2021
Ibeme:


Well it's reckless to say buy this, buy that without providing justification for the valuation. It could move either way, I can only speak for my approach. Right now, I am not invested in any stock, I only have shorts on stocks I think are overvalued especially Tech stocks and I will not deviate from my strategy which is to trade in the general long term direction I think the market is going which is down.

Putting a value on Kōinbeezy shares is difficult as they have good profits from last year, but losses from the bear period of 2018 to 2019. One thing I will say they have going for themselves is that they are one of very few tech unicorns to list while in profit. They should also benefit from FOMO of the retail investment Creeypto crowd who just buy based on narratives rather than fundamentals. However we have seen valuation by analysts around $20bln mark while at some point, they were mooted to be exchanging for $100bln marketcap and I believe they will list around $77bln. When I see such divergence, it is my preference to stay away although I don't doubt it could go up based on retail crowd. It could also go down based on Institutional shorting.
Meaning it's a 50-50 thing, but MARA and RIOT has not done bad for stock traders not "Investors" besides once profit ia booked one can pull out. Thank you for this information

1 Like

Re: Crypto Currency Investors Thread by Avast(m): 9:06am On Apr 02, 2021
Eduwa4:
no win coin on binance pls someone should kindly help on which app to get it from easily.


It is there nw

1 Like

Re: Crypto Currency Investors Thread by Avast(m): 9:06am On Apr 02, 2021
MrCodeSolo:
consolidation phase my friend, FET is consolidating...

Alright
Re: Crypto Currency Investors Thread by Binance(m): 9:11am On Apr 02, 2021
Eduwa4:
no win coin on binance pls someone should kindly help on which app to get it from easily.

Coinmarket
Re: Crypto Currency Investors Thread by InaNla(f): 9:15am On Apr 02, 2021
Guys let me share my small story about crypto.

First, let us forget about years past and how one could not properly invest or manage BTC as of then.

In the new era, I joined Binance in Nov. 2020.

I deposited NGN 50,000 on 22/11/2020. Bought: BTC, BNB

On the 20/12/2020 I deposited another N100,000 on Binance. Bought: BTC, ETH.

On the 06/1/2021 I deposited another N100,000 on Binance. Bought: ETH, BUSD.

In total I invested N250,000.

BTC Price at my first purchase: 22/11/2020 => 18,688.97 (Highest for the day)
BTC Price at my second purchase: 20/12/2020 => 23,147.17 (Highest for the day)
BTC Price at my third purchase: 06/01/2021 => 33,514.04 (Highest for the day)

I sold all today at $60,000/BTC. do the maths. In anticipation to reload in the coming pull-back. undecided


BNB Price at my first purchase: 22/11/2020 => 31.07 (Highest for the day)
BNB Price at my second purchase: 20/12/2020 => 35.54 (Highest for the day)
BNB Price at my third purchase: 06/01/2021 => 42.19 (Highest for the day)

I sold all today at $356/BNB.

ETH Price at my First purchase: 20/12/2020 => 659.92 (Highest for the day)
ETH Price at my second purchase: 06/01/2021 => 1,209.43 (Highest for the day)

ETH as of the post is $2,008.752. Not selling yet as the rally just begin... to the moon at $3,000+


I believe I could have made more money assuming am trading like the expats here. I also regretted not putting huge amount. Anyway, I only put in the amount I can afford to lose.

Having come this far, I know better.

Guys, am here now to learn the trading path for better returns and to increase my small TKH. smiley

Caveat:
'The risks of trading cryptocurrencies are mainly related to its volatility. They are high-risk and speculative, and it is important that you understand the risks before you start trading.' Only invest what you can afford to lose.

8 Likes 1 Share

Re: Crypto Currency Investors Thread by PHijo(m): 9:22am On Apr 02, 2021
ETH has exceeded 2k and BNB coin is way beyond 300 usd. Does anyone think these prices are sustainable?
Re: Crypto Currency Investors Thread by htdot: 9:26am On Apr 02, 2021
InaNla:
Guys let me share my small story about crypto.

First, let us forget about years past and how one could not properly invest or manage BTC as of then.

In the new era, I joined Binance in Nov. 2020.

I deposited NGN 50,000 on 22/11/2020. Bought: BTC, BNB

On the 20/12/2020 I deposited another N100,000 on Binance. Bought: BTC, ETH.

On the 06/1/2021 I deposited another N100,000 on Binance. But cryptos: ETH, BUSD.

In total I invested N250,000.

BTC Price at my first purchase: 22/11/2020 => 18,688.97 (Highest for the day)
BTC Price at my second purchase: 20/12/2020 => 23,147.17 (Highest for the day)
BTC Price at my third purchase: 06/01/2021 => 33,514.04 (Highest for the day)

I sold all today at $60,000/BTC. do the maths. In anticipation to reload in the coming pull-back. undecided


BNB Price at my first purchase: 22/11/2020 => 31.07 (Highest for the day)
BNB Price at my second purchase: 20/12/2020 => 35.54 (Highest for the day)
BNB Price at my third purchase: 06/01/2021 => 42.19 (Highest for the day)

I sold all today at $356/BNB.

ETH Price at my First purchase: 20/12/2020 => 659.92 (Highest for the day)
ETH Price at my second purchase: 06/01/2021 => 1,209.43 (Highest for the day)

ETH as of the post is $2,008.752. Not selling yet as the rally just begin... to the moon at $3,000+


I believe I could have made more money assuming am trading like the expats here. I also regretted not putting huge amount. Anyway, I only put in the amount I can afford to lose.

Having come this far, I know better.

Guys, am here now to learn the trading path for better returns and to increase my small TKH. smiley

Caveat:
'The risks of trading cryptocurrencies are mainly related to its volatility. They are high-risk and speculative, and it is important that you understand the risks before you start trading.' Only invest what you can afford to lose.
Pls, how can I deposit on binance?. I want to try with 60 dollar first
Re: Crypto Currency Investors Thread by InaNla(f): 9:26am On Apr 02, 2021
PHijo:
ETH has exceeded 2k and BNB coin is way beyond 300 usd. Does anyone think these prices are sustainable?


How do you mean sustainable?

It all depends on your strategy and what you are looking at. Trading or investing.

If trading: determine your profit, take it and move on. If investing the end will justify the means.

4 Likes 1 Share

Re: Crypto Currency Investors Thread by InaNla(f): 9:28am On Apr 02, 2021
htdot:

Pls, how can I deposit on binance?. I want to try with 60 dollar first


Our dear CBN has made that now impossible.

The only means is to buy USDT through P2P or transfer crypto from another exchanger to Binance.

1 Like

Re: Crypto Currency Investors Thread by LauraClasikVibe(f): 9:31am On Apr 02, 2021
htdot:

Pls, how can I deposit on binance?. I want to try with 60 dollar first
do you have an account?
Re: Crypto Currency Investors Thread by htdot: 9:32am On Apr 02, 2021
InaNla:



Our dear CBN has made that now impossible.

The only means is to buy USDT through P2P or transfer crypto from another exchanger to Binance.
Who can you recommend for such a transaction? I just dont want to fall a victim...

1 Like

Re: Crypto Currency Investors Thread by htdot: 9:32am On Apr 02, 2021
LauraClasikVibe:
do you have an account?
Yes
Re: Crypto Currency Investors Thread by afroxyz: 9:33am On Apr 02, 2021
InaNla:
Guys let me share my small story about crypto.

First, let us forget about years past and how one could not properly invest or manage BTC as of then.

In the new era, I joined Binance in Nov. 2020.

I deposited NGN 50,000 on 22/11/2020. Bought: BTC, BNB

On the 20/12/2020 I deposited another N100,000 on Binance. Bought: BTC, ETH.

On the 06/1/2021 I deposited another N100,000 on Binance. Bought: ETH, BUSD.

In total I invested N250,000.

BTC Price at my first purchase: 22/11/2020 => 18,688.97 (Highest for the day)
BTC Price at my second purchase: 20/12/2020 => 23,147.17 (Highest for the day)
BTC Price at my third purchase: 06/01/2021 => 33,514.04 (Highest for the day)

I sold all today at $60,000/BTC. do the maths. In anticipation to reload in the coming pull-back. undecided


BNB Price at my first purchase: 22/11/2020 => 31.07 (Highest for the day)
BNB Price at my second purchase: 20/12/2020 => 35.54 (Highest for the day)
BNB Price at my third purchase: 06/01/2021 => 42.19 (Highest for the day)

I sold all today at $356/BNB.

ETH Price at my First purchase: 20/12/2020 => 659.92 (Highest for the day)
ETH Price at my second purchase: 06/01/2021 => 1,209.43 (Highest for the day)

ETH as of the post is $2,008.752. Not selling yet as the rally just begin... to the moon at $3,000+


I believe I could have made more money assuming am trading like the expats here. I also regretted not putting huge amount. Anyway, I only put in the amount I can afford to lose.

Having come this far, I know better.

Guys, am here now to learn the trading path for better returns and to increase my small TKH. smiley

Caveat:
'The risks of trading cryptocurrencies are mainly related to its volatility. They are high-risk and speculative, and it is important that you understand the risks before you start trading.' Only invest what you can afford to lose.

I would rather applaud you for having the discpline. That's the most important aspect

3 Likes

Re: Crypto Currency Investors Thread by LauraClasikVibe(f): 9:34am On Apr 02, 2021
htdot:

Yes
Use p2p, look for Verified people on binance and ensure they are selling within 480-490 anything outside that is a rip off.
Re: Crypto Currency Investors Thread by InaNla(f): 9:34am On Apr 02, 2021
htdot:

Who can you recommend for such a transaction? I just dont want to fall a victim...


I can only recommend Binance platform itself. Anything outside that is FRAUD.

Buy USDT on P2P. I can guide you here.
Re: Crypto Currency Investors Thread by InaNla(f): 9:35am On Apr 02, 2021
afroxyz:


I would rather applaud you for having the discpline. That's the most important aspect


Thank you boss.
Re: Crypto Currency Investors Thread by InaNla(f): 9:36am On Apr 02, 2021
LauraClasikVibe:
Use p2p, look for Verified people on binance and ensure they are selling within 480-490 anything outside that is a rip off.


I never saw prices below $491/USDT on P2P of late ooo?

If you have people selling for 480 please let me know. I need tongue

3 Likes

Re: Crypto Currency Investors Thread by htdot: 9:37am On Apr 02, 2021
InaNla:



I can only recommend Binance platform itself. Anything outside that is FRAUD.

Buy USDT on P2P. I can guide you here.
Ok... I have a binance account
Re: Crypto Currency Investors Thread by afroxyz: 9:37am On Apr 02, 2021
InaNla:



Thank you boss.

I dey follow you for back grin
Re: Crypto Currency Investors Thread by franashi(f): 9:38am On Apr 02, 2021
Pls I want to sell my bitcoin, where and how can I do that pls? And how much
Re: Crypto Currency Investors Thread by InaNla(f): 9:39am On Apr 02, 2021
afroxyz:


I dey follow you for back grin


I took heavy loss in March on the US stock and now trying to recover. The loss was part of initial gain thou. We shall return to the US stock platform in due course. Hope Biden infrastructure speech will help us stabilize the market.
Re: Crypto Currency Investors Thread by InaNla(f): 9:40am On Apr 02, 2021
franashi:
Pls I want to sell my bitcoin, where and how can I do that pls? And how much


Which platform are you using?
Re: Crypto Currency Investors Thread by InaNla(f): 9:40am On Apr 02, 2021
htdot:

Ok... I have a binance account


Please do the verification if not done.
Re: Crypto Currency Investors Thread by Christiano25(m): 9:41am On Apr 02, 2021
Can someone recommend a coin that I can buy that will x3

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