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Crypto Currency Investors Thread - Investment (500) - Nairaland

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Re: Crypto Currency Investors Thread by KrazyDave16(m): 7:46am On Apr 09, 2021
Teeboy2300:

This was really rude
Last year you were asking a question about which app was better and you got good answers. Why answering this way to him? What if he's a newbie? Wasn't this place meant to give some form of c.ryp.to education?

So he shouldn't complain if he lost a few dollars because people are losing millions? Bros no be so. Everyone sees a particular sum of money differently.
Give education, yes.

Ask another to control your financials without doing some effort to know the basics or even know why you got in in the first place or worse you don't even know the purpose of what you got... No

As for the screenshot you using as evidence, I asked that question AFTER discovering about limit/stop orders which Luno didn't have at that time and I learned about it first.
And also to know how good they were based on other users. Got my answer on the ED thread.

But hey if you think this is me being rude, that's me stating facts and I don't sugarcoat things if money is involved.

Either he and others asking others to make decisions on their financials learn now or they learn the hard way when others use them as bag holders.

2 Likes

Re: Crypto Currency Investors Thread by hotplate: 8:03am On Apr 09, 2021
as at today which coin van i invest in?

1 Like

Re: Crypto Currency Investors Thread by OffsahBoye(m): 8:03am On Apr 09, 2021
jedisco:


Yesterday was mixed.... Suspected betece will pullback but didn't expect alyts to ho belly up

Closed this chap early on at 1.2.... I got myself some cake with profits made.... I like the way it held structure even with the selloff and bounced of the 21d ema. I suspect it bounces today. It's going to be a quick play
Boss dy tell us before you buy or immediately you buy make we dy follow you with discretion Abeg

2 Likes

Re: Crypto Currency Investors Thread by lkillbrokehoes: 8:04am On Apr 09, 2021
nittly:
lolzz ERC20 charge transactions fees is too high


Especially E.T.H, imagine I wanted to withdraw $1800 from trustwallet the other day, you won't believe how much they charged me for gas fee, this is so ridiculous.
Re: Crypto Currency Investors Thread by Tolu181: 8:06am On Apr 09, 2021
narit:

The bolded is not true!!! At the time of writing this, E.T.H as a 24h trading volume of $23billion+....B.N.B as a 24h trading volume of $4billion+ while Win as a trading volume of just $1billion+ a far cry from that of E.Th and B.NB. With Win current market supply, it is absolutely true, it will take more than half a trillion dollar to see it price at the 1dollar mark........I doubt the C.O.I.N can ever become that big....but I know currently, it still as more room for growth.
what of Theta
Re: Crypto Currency Investors Thread by lkillbrokehoes: 8:08am On Apr 09, 2021
O.G.N to the moon, I'm targeting $5 before I take profit.

1 Like

Re: Crypto Currency Investors Thread by Jedalord: 8:21am On Apr 09, 2021
Teeboy2300:

This was really rude
Last year you were asking a question about which app was better and you got good answers. Why answering this way to him? What if he's a newbie? Wasn't this place meant to give some form of c.ryp.to education?

So he shouldn't complain if he lost a few dollars because people are losing millions? Bros no be so. Everyone sees a particular sum of money differently.
Yes bro the way they attack people on this thread shows pride and that's bad,no one knows tommorow

2 Likes

Re: Crypto Currency Investors Thread by Kingofdiamond: 8:25am On Apr 09, 2021
For those that are new to crytocurrency. Check this thread

https://www.nairaland.com/6498374/free-cryptocurrency-training-beginners
Re: Crypto Currency Investors Thread by nittly(m): 8:32am On Apr 09, 2021
DenreleDave:


U get it
Bro naso at least I have make 10% of my investment......
Re: Crypto Currency Investors Thread by nittly(m): 8:34am On Apr 09, 2021
lkillbrokehoes:
Especially E.T.H, imagine I wanted to withdraw $1800 from trustwallet the other day, you won't believe how much they charged me for gas fee, this is so ridiculous.
The price shock me, imagine I want to invest #5k on NPXS and charge is #26k, Wetin happen
Re: Crypto Currency Investors Thread by sonofElElyon: 9:07am On Apr 09, 2021
I'm a newbie. Trying to use bi.nan.ce.com
I erroneously denied it access to my phone camera for facial verification initially.. now it keeps saying it can not access my camera.
How do I overcome this?
Bvn already sent but can't seem to buy crypto on p2p without facial verification.

1 Like

Re: Crypto Currency Investors Thread by DieRich5: 9:20am On Apr 09, 2021
Stan2330:

U comot early o
yeah I know
Re: Crypto Currency Investors Thread by Mizwalterz(f): 9:30am On Apr 09, 2021
please I just found this coin on my trust wallet. can I send BTC to this receive button?

Re: Crypto Currency Investors Thread by Gemineye: 9:44am On Apr 09, 2021
sonofElElyon:
I'm a newbie. Trying to use bi.nan.ce.com
I erroneously denied it access to my phone camera for facial verification initially.. now it keeps saying it can not access my camera.
How do I overcome this?
Bvn already sent but can't seem to buy crypto on p2p without facial verification.
Go to your phone settings/Apps
Look for binance app and grant it permission to use camera

3 Likes

Re: Crypto Currency Investors Thread by sonofElElyon: 9:47am On Apr 09, 2021
Thanks for your response.
I actually tried the app but wasn't able to fully log in because I wasn't getting the email verification code.. I only got phone verification code..
The submit button wasn't functioning when I tried to submit only the phone code

So I went back to their website..

Gemineye:
Go to your phone settings/Apps
Look for binance app and grant it permission to use camera
Re: Crypto Currency Investors Thread by bigjay01(m): 9:50am On Apr 09, 2021
nittly:
NKN wan use style be like WRX

Both are adding to my greens. But WRX de take style dull small.

2 Likes

Re: Crypto Currency Investors Thread by Gemineye: 9:51am On Apr 09, 2021
sonofElElyon:
Thanks for your response.
I actually tried the app but wasn't able to fully log in because I wasn't getting the email verification code.. I only got phone verification code..
The submit button wasn't functioning when I tried to submit only the phone code

So I went back to their website..

Alright
Did u check your email box tho..maybe spam folder

1 Like

Re: Crypto Currency Investors Thread by PeaceIlya: 9:51am On Apr 09, 2021
DieRich5:
fear wan mk me lose money b4 na my big brother stop me ND now...........to d moon..........my issue now when to exit
Emotional trading is dangerous

1 Like

Re: Crypto Currency Investors Thread by nittly(m): 9:54am On Apr 09, 2021
bigjay01:


Both are adding to my greens. But WRX de take style dull small.
WRX still dey chill bro, you know the last time it moon? so it must relax a bit
Re: Crypto Currency Investors Thread by bigjay01(m): 9:55am On Apr 09, 2021
sonofElElyon:
I'm a newbie. Trying to use bi.nan.ce.com
I erroneously denied it access to my phone camera for facial verification initially.. now it keeps saying it can not access my camera.
How do I overcome this?
Bvn already sent but can't seem to buy crypto on p2p without facial verification.

Go into your settings (Binance app) , clear cache and retry.

Additionally, manually grant the app all relevant permissions from your phone settings.

1 Like

Re: Crypto Currency Investors Thread by Abimloaded(m): 9:58am On Apr 09, 2021
nittly:
WRX still dey chill bro, you know the last time it moon? so it must relax a bit

Safe to buy WRX now ?
Re: Crypto Currency Investors Thread by PeaceIlya: 10:02am On Apr 09, 2021
PS: I hope you're aware trading is risky and there's no 100% guarantee in it's results.

I'm not guaranteeing you this, I'm only sharing you an update I partook in myself so we all have the same results after on so it won't look like I drop results of an update I didn't share.
Re: Crypto Currency Investors Thread by Stan2330(m): 10:04am On Apr 09, 2021
Pls, I placed a stop limit order to sell drep on binance. My price has been triggered but it has not been converted to usdt
How do I go about it
Re: Crypto Currency Investors Thread by Stan2330(m): 10:06am On Apr 09, 2021
I placed a stop limit order to sell drep. My price has been triggered but it is yet to convert to usdt.. I don't know why
Re: Crypto Currency Investors Thread by nittly(m): 10:06am On Apr 09, 2021
Abimloaded:


Safe to buy WRX now ?
Bro "DYOR" this coi.ns was pump last week, if you can risk it
Re: Crypto Currency Investors Thread by nittly(m): 10:09am On Apr 09, 2021
Stan2330:
Pls, I placed a stop limit order to sell drep on binance. My price has been triggered but it has not been converted to usdt
How do I go about it
it mean your stop limit has not reach it target that why I has not been triggered
Re: Crypto Currency Investors Thread by nittly(m): 10:09am On Apr 09, 2021
Stan2330:
Pls, I placed a stop limit order to sell drep on binance. My price has been triggered but it has not been converted to usdt
How do I go about it
it mean your stop limit has not reach it target that why it has not been triggered
Re: Crypto Currency Investors Thread by Stan2330(m): 10:22am On Apr 09, 2021
nittly:
it mean your stop limit has not reach it target that why it has not been triggered
Actually it has passed.. I placed a stop limit to sell at 3.2 when the price reaches 2.8 but till now it has not been triggered
Re: Crypto Currency Investors Thread by sonofElElyon: 10:26am On Apr 09, 2021
Nothing there

Gemineye:
Alright
Did u check your email box tho..maybe spam folder
Re: Crypto Currency Investors Thread by pafra(m): 10:29am On Apr 09, 2021
Is any body monitoring Vet?
Re: Crypto Currency Investors Thread by PeaceIlya: 10:39am On Apr 09, 2021
Financial Literacy

Heard of Portfolio Diversification?

In investments, not putting your eggs in one basket is called "Portfolio Diversification."

Portfolio diversification is the process of investing your money in different asset classes.

It's basically having a blend of investments.
Diversification is key to keeping your portfolio balance healthy – especially in periods of economic downturn.

Why Is It Important to diversify?

It’s simple! To minimise the overall risk.

In the event of you carrying all your eggs in one basket, there's a greater risk of you losing all of them if something bad happens.

However, if you place your eggs in different baskets, you still have some eggs left if anything happens to one of the baskets. This can also be likened to your investments.

When you effectively diversify your portfolio, you minimise risks. So, even if unforeseen market events come up, all your investments will not be uniformly affected.

How Can You Diversify Your Portfolio?

1. Choose A Range of Assets
This means dividing your investment portfolio among different asset categories such as stocks, CryptoCurrency mutual funds, bonds, etc.

2. Spread Your Investments
After choosing your range of assets, spread your money across them. If you're much younger, you can afford to take more risks and be aggressive with growth.

However, if you are older, you can’t be as aggressive. You should spread your investments more conservatively.

3. Invest In Global Markets
The internet has made it easy and possible to invest in both local market & the global window.

With the help of your mobile phone, you can easily invest in the Nigeria Stock Exchange, US or London Stock Market, CryptoCurrency etc to mention a few.

When you invest in global markets, you get exposed to investment opportunities that are not present locally and hedge currency risk.

4. Rebalance Your Portfolio Regularly
Portfolio diversification is not a one-off event.
Ensure you keep building your portfolio.

There is a concept called "cost averaging."

Cost averaging helps you to put a fixed amount of money into an investment at regular intervals, thereby cutting down investment risks.

5. Don’t Over-diversify
If you hold too many assets, it can do more harm than good to your portfolio. This means if you over-diversify, you may be holding back your capacity for growth.

This is because if you have little proportions of your money in different or too many investments, your portfolio risk is definitely low, and so is your expected rate of returns.

While portfolio diversification is important, we should not go overboard and spread it too thinly or even invest in assets that we don't require. You’ll also be dedicating time as well as capital, as diversification requires the regular monitoring of the health of your portfolio. Some investors choose to open fully managed portfolios, to pass over this responsibility to a professional.

We should also know that diversification doesn't mean the possiblity of losses getting incurred is eliminated completely.

When you diversify and balance effectively, you lower the risk of losses to the barest minimum. ⁣

Have a great weekend!

2 Likes

Re: Crypto Currency Investors Thread by PeaceIlya: 10:47am On Apr 09, 2021
Someone gave my friend 1m to trade Crypto because he is quite good at it. Two weeks after buying a coin, he made a 300K profit.The person was happy. Then he bought another coin that dipped and lost 100K from the 300K profit.The person began harassing him about losing her moneyGrimacing face

I mean, the 100K that was lost was from a profit. The capital is still there with a 200K profit IN TWO WEEKS the person didn't work for. Easy money. But the 100K loss from a money that isn't technically yours yet is what you're worked up about. Greed is a sin

One thing I've learnt from my little experience in dealing with Crypto (in fact all form of investment) is to NOT BE GREEDY, Be grateful for little gains and always be ready for bad days. It is okay to lose as long as it doesn't bankrupt you. 1.2m from 1m is still profit

Btw, this friend of mine started trading during last year's lockdown and he's gotten quite good at it. He recently initiated me.

If you're yet to key into the race of the moment, you should. Start off by getting tips from those experienced in the business (but don't be greedy)

One of the best ways to start off is by following signals for trading. I'd recommend them for crypto and Forex where they have expertise.

You can join the WhatsApp group after registration and benefit from their guidance/tips and other advance services.

Simple advice, don't trade for anyone!
The psychological stamina when trading with your money is different from when you trade with other people's money because if things go south, you can recoup it yourself but when it's other people's funds, you'll be pressured.

13 Likes

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