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Crypto Currency Investors Thread - Investment (648) - Nairaland

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Re: Crypto Currency Investors Thread by nairatony(m): 1:53pm On Apr 27, 2021
Ugonology, pls how can I get your contact, I wish to speak with you concerning Cryto. My Jintata: 0/8/0-3940-8584.
ugonology:
This thread reminds me of how I started my journey into crypto grin....back in 2016/17 I had to buy some crypto so as to join some Ponzi schemes (the country was lite with many crazy Ponzi schemes at that time). I knew nothing about crypto but YouTube gave me all the education I needed, I joined and subscribed to most crypto communities and realised that this stuff (crypto) was really the future. Around early 2017, the crash came...the Ponzi schemes crashed, bitcoin along with all other alt coins plummeted in price. It was really ugly! But I had gone too far to turn back, I watched an interview of chamath palihapitiya( former executive at Facebook) dude is one young smart billionaire in the US. He advised that the period of a price crash in BTC was the best time to buy, I picked this....and have continued to save every penny that crossed my hands in BTC. Today, the compound value of my BTC portfolio after 4 years is mind burgling, sometimes I wake up in the morning and just scream ahhhhh grin grin grin...like, where all this money come from shocked
But I ain't cashing out, I really don't have a solid plan of what to do with the money. Also, the current forecasts from most tech genius points towards 100k$ by December 2021(for BTC) and I believe this is feasible, because there is an unprecedented case of institutional adoption, most billionaires are also integrating BTC as a part of there financial portfolio.
The Nigerian government on the other hand is hell bent on destroying the naira with her implosive fiscal policies, incessant borrowings and a central bank that is built on cannibalistic monetary policies....so withdrawal to naira is a NO NO! never save or hold in naira!

My advice to anyone who intends to join and invest in the crypto space:
1) get educated on crpto- YouTube is the greatest university of our time,( it's also the lazy man's school wink) you will be shocked at how much you will gain, but if you prefer a more traditional form of learning, try enrolling for crpto related courses on udemy or Coursera.org, most of these courses are free.

2) Have a plan- (hold for the long term) what do you really want from crpto? a few hundred thousand? Millions? Or even billions of naira?....truth is, with crypto you can achieve any of these. What you need is a plan and a time frame, earmark a certain portion of your income that will go into your crpto investment and be disciplined to stick to it. Also, bitcoin might seem expensive today at 40k$ but people also felt it was too expensive few years ago when it was 10k$, understand it has huge future prospects and it's too early to place a price tag on it! Lastly on this.... DON'T SELL EARLY!! until you hit your target price.
while starting, I remember selling 0.2btc in Feb of 2017 for 105k naira because I wanted to buy a PS3 console, today that 0.2 BTC is nearly 4million naira embarassed embarassed. . So be disciplined, stick to a plan.

3) stick to the main utility coins- I hear people here talk of buying siacoin, nano and dogecoin... well, every Mallam with his own kettle, but from a personal stand point they all fall under my shitcoin list.yes...! Except you are a professional swing trader with deep knowledge of both technical and fundamental analysis, I will advice you stay off these kinds of dummy coins! Don't be penny wise, trying to invest in worthless coins because they are cheap and affordable, some of us don't even as much as check the white papers, projects or prospects of these shitty coins before jumping on them. Please, stay off them...As a starter stay with bitcoin, etherium and ripple/litecoin.

4) Don't freak out!!!- from time to time the crpto world is rocked with government attacks, political scandals and technical glitches. This is exactly what is happening to ripple now, there is usually a sharp loss of value as most frightened investors would cash out to save the value of their crpto assets. But they are going about it wrongly. Whenever this happens, you must buy this ( major utility coins) in bulk, as this is usually the only time you will possibly get them cheap and they 90% of the time will bounce back and even exceed their previous price range. So if you are looking for where to start, ripple is your best bet, followed by etherium and bitcoin. But if you have the money, shoot for the king(BTC) it's not too late.

Lastly...I will recommend that starters use roqqu or luno app, it's the best and convenient for those with little or no experience.
Good luck.
Re: Crypto Currency Investors Thread by Ezemarcel(m): 1:55pm On Apr 27, 2021
Who can sell binance smart chain to me on my trust walletas I traveled without my main line to complete the transfer on binance......

Please Im in need so badly
Re: Crypto Currency Investors Thread by Macktaob(m): 2:00pm On Apr 27, 2021
NgHotGirls:
Thank you, your Signals are always accurate.
grin grin cheesy
Re: Crypto Currency Investors Thread by IyaTola: 2:01pm On Apr 27, 2021
patjane:
How much
it made me 510k richer
Re: Crypto Currency Investors Thread by IyaTola: 2:01pm On Apr 27, 2021
aysnoopy:


It says verification fail and that my identity is not acceptable.
Though I use NMIC slip
use the plastic nmic otherwise you will fail the VERIFICATION
Re: Crypto Currency Investors Thread by IyaTola: 2:02pm On Apr 27, 2021
aysnoopy:
.
U mean I should Google how to verify my binance? I've done that numerous times
So, what did you find out?
Re: Crypto Currency Investors Thread by IyaTola: 2:03pm On Apr 27, 2021
owunabastard:
Wahala dey oooo, and people were struggling to buy it yesterday. Lets hope things will change for good, the guy that introduce it in this forum has disappeared
Where are they today, many fomo'ed into it with savings, even after several warning post.
Re: Crypto Currency Investors Thread by IyaTola: 2:04pm On Apr 27, 2021
pius4luv:


Please help me out ,I want to buy the coin ,I don’t want to lose my money in trustwallet .
Did you do it?
Re: Crypto Currency Investors Thread by Bunker1(m): 2:20pm On Apr 27, 2021
This thread is full of gamblers than investors. People are only interested in a pump and dump coins, listen if you depend only on that, you will get burnt seriously and you may not recover. People do that with gain's they got from other trading. Look how sweet BNB and her daughter Cake is moving. If you missed BNB below $100 see cake now. Not a financial advice. Please you guys should create a thread for Shi.tcoins. Safesun, safe9ja etc

23 Likes 2 Shares

Re: Crypto Currency Investors Thread by hobat4cash(m): 2:20pm On Apr 27, 2021
bigx:


You can transfer when you open the isolated margin tab.

Click on each coin if risk factor is above 2 you can transfer the excess coin/usdt
.
If risk factor is below 2 then liquidate first.

But transfer is done from each coin individually
It worked, thanks a bunch mate.

4 Likes

Re: Crypto Currency Investors Thread by bigx(m): 2:37pm On Apr 27, 2021
hobat4cash:

It worked, thanks a bunch mate.

You're welcome
Re: Crypto Currency Investors Thread by Jessepaid(m): 2:48pm On Apr 27, 2021
Hehehe...


So I bought usdt and sold it to my fiat balance...

I bought 17 usdt...

And by the time I sold it...

I had a profit of 23usdt..

Issue now is I can only make use of the 17usdt..

The profit of about 5usdt can't neither be used...


I can't even see it unless I want to transfer it to my spot wallet...


If I transfer to my p2p to sell, it's only the 17usdt that comes up...

Please how do I get my total 23usdt to my bank acc...

Some body heeeelp meeee!

3 Likes

Re: Crypto Currency Investors Thread by PeaceIlya: 2:49pm On Apr 27, 2021
Facebook bought #bitcoin

2 Likes

Re: Crypto Currency Investors Thread by Nobody: 3:01pm On Apr 27, 2021
PeaceIlya:
Facebook bought #bitcoin
Explain and source

2 Likes

Re: Crypto Currency Investors Thread by solreb: 3:05pm On Apr 27, 2021
DC49:
I just observed this on Binance P2P, and I don't know what to think of it. USDT is selling for about 490 Naira, so why would someone want to buy for above 600 Naira? The funny part is that these accounts seem to be pretty well established with lots of trades and high completion rates. Am I missing something?
Don't fall for it. They are scammers. They use the high rate to attract victims. They will tell you to release coins first before they pay you

5 Likes

Re: Crypto Currency Investors Thread by Nobody: 3:15pm On Apr 27, 2021
priceaction:

MFT//USDT ....my entry 0.0148, target = 0.03.... when reverse... na japa to minimize my loss.
not financial advice, wont be responsible for your loss.

first exit: 0.017 , gained about 15%...

1 Like

Re: Crypto Currency Investors Thread by DieRich5: 3:38pm On Apr 27, 2021
DieRich5:
$9.5 -$10 is my bus stop
I'm out @$8

2 Likes 1 Share

Re: Crypto Currency Investors Thread by Creeza(m): 3:41pm On Apr 27, 2021
ObodoNaija:


How is the coin doing now? I guess I bought with V1, though I have not tried swapping. I tried buying with V2 yesterday but it didn't go so I swapped to V1. What will happen if you buy with V1?
price impact is too high..

1 Like

Re: Crypto Currency Investors Thread by aysnoopy(m): 3:47pm On Apr 27, 2021
IyaTola:
use the plastic nmic otherwise you will fail the VERIFICATION

The issue is I don't have the plastic
What other way can I use to verify.

No voters card, no drivers license, no passport
Just my NMIC slip
Re: Crypto Currency Investors Thread by PeaceIlya: 3:51pm On Apr 27, 2021
You are learning wink well
DieRich5:
I'm out @$8

1 Like

Re: Crypto Currency Investors Thread by Haryoureendey4(m): 3:56pm On Apr 27, 2021
Jessepaid:
Hehehe...


So I bought usdt and sold it to my fiat balance...

I bought 17 usdt...

And by the time I sold it...

I had a profit of 23usdt..

Issue now is I can only make use of the 17usdt..

The profit of about 5usdt can't neither be used...


I can't even see it unless I want to transfer it to my spot wallet...


If I transfer to my p2p to sell, it's only the 17usdt that comes up...

Please how do I get my total 23usdt to my bank acc...

Some body heeeelp meeee!

In same shoe with you, i am also looking for answer for this
Re: Crypto Currency Investors Thread by IyaTola: 4:15pm On Apr 27, 2021
Ibime:
8x on Mando so far.

Don't know whether to pull my initial capital or go to sleep and check it tomorrow. The community is too strong.
how did it go?
Re: Crypto Currency Investors Thread by IyaTola: 4:17pm On Apr 27, 2021
aysnoopy:

The issue is I don't have the plastic What other way can I use to verify.
No voters card, no drivers license, no passport Just my NMIC slip
Can you use a chinese made phone to get verified?
Re: Crypto Currency Investors Thread by Ojemedad: 4:39pm On Apr 27, 2021
The most underrated eth doing wonders, heading to $3k

2 Likes 1 Share

Re: Crypto Currency Investors Thread by Tolu181: 4:52pm On Apr 27, 2021
DieRich5:
I'm out @$8
fear fear

1 Like

Re: Crypto Currency Investors Thread by owunabastard: 4:56pm On Apr 27, 2021
Those shitcoins are not advisable to buy, flee from them. Even swapping them to BNB is a scam of its own, they will deduct your BNB and the transaction will not work. It is better to face meaningful coins like Coti, Ada and others. Another interesting coin if you like high volatile coin is ENQ. I have made so much profit from that coin
IyaTola:
how did it go?

5 Likes

Re: Crypto Currency Investors Thread by Ibime(m): 4:57pm On Apr 27, 2021
IyaTola:
how did it go?

Closed on 3x when I woke up. Overnight dumping.

Even to sleep when buying shïtcoins na wahala cheesy

8 Likes

Re: Crypto Currency Investors Thread by owunabastard: 5:02pm On Apr 27, 2021
Ibime:


Closed on 3x when I woke up. Overnight dumping.

Even to sleep when buying shïtcoins na wahala cheesy
Do you use pancake exchange to swap them to BNB?
Re: Crypto Currency Investors Thread by Ibime(m): 5:04pm On Apr 27, 2021
owunabastard:

Do you use pancake exchange to swap them to BNB?

Yes
Re: Crypto Currency Investors Thread by Jessepaid(m): 5:05pm On Apr 27, 2021
Haryoureendey4:


In same shoe with you, i am also looking for answer for this
hehehe...

Nna I tire o...

Re: Crypto Currency Investors Thread by nihilistjnr: 5:07pm On Apr 27, 2021
Ethhhhhh

My God shocked

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