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Nairaland Forum / Nairaland / General / Investment / Crypto Currency Investors Thread (3670599 Views)
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Re: Crypto Currency Investors Thread by Samakus(m): 10:00pm On Jun 08, 2021 |
Samakus: I'm on my own I guess |
Re: Crypto Currency Investors Thread by OpenHeaven2019(f): 10:00pm On Jun 08, 2021 |
. |
Re: Crypto Currency Investors Thread by Weirdgee: 10:04pm On Jun 08, 2021 |
So finally we done enter bear market ���� 2 Likes |
Re: Crypto Currency Investors Thread by Sheriman(m): 10:23pm On Jun 08, 2021 |
frakdon:It's coming down to 2 Naira soon |
Re: Crypto Currency Investors Thread by Wealth7(m): 10:41pm On Jun 08, 2021 |
Weirdgee: Far from bear market.. 1 Like |
Re: Crypto Currency Investors Thread by jedisco(m): 11:12pm On Jun 08, 2021 |
TotoNaRubber: Crypt0 is a volatile market and most projects have little use case. But then, there are 2 concepts you are mixing up. The rise and fall in price can be said of most products out there. The price of an item is what someone on the other end is willing to pay. That's why prices of items vary. Take stocks for example..same narrative you painted can be said of stocks... It's all about what someone on the other end is willing to pay and that's why the prices are not stagnant... With stocks, it's the belief in the company that makes folks value it... With crypt0, it's the technology backing it.... Talking about the technology that backs crypt0... Take bitc0in for example... It's an instrument where folks can store value, transfer that value seamlessly from one point of the globe to another instantly and almost free, carry that value securely in the most minimal ways possible, and can be traded in hundreds of countries around the world. Alot more can be built on that... I liken crypt0 to the internet of 1998. Reading some of the dooms day narratives against the internet then look funny today. Take a step back, look at the big picture.. there's a reason why a number central banks around the world are working on issuing a backed crypt0 asset. That's the only reason why I'm in crypt0... It's because I believe in the usecase of the tech that backs it. I believe that it's bound to grow in adoption with time as it's currently been doing... Regarding price, it's worth remembering that the crypt0 market cap has put in new highs almost every 4 yrs... That's remarkable in investing. The NSE is currently trading at about half of the high it created in 2008. Yet, even after 14yrs of being in a downtrend, I wouldn't call it a ponzi scheme... There's always a narrative anytime the market goes up/down do I don't usually bother myself about them. Of recent, there's been very positive news in the space yet a bearish market structure has not responded to them. In the end, price will do what it'd do. 22 Likes |
Re: Crypto Currency Investors Thread by plat0: 11:23pm On Jun 08, 2021 |
jedisco:What are the metrics you look out for to ascertain if a particular coin is overpriced? |
Re: Crypto Currency Investors Thread by jedisco(m): 11:24pm On Jun 08, 2021 |
nna777: Thanks for this... It's easy to forget that Ada even at current price is over 10x from this time last year... That's why I believe that with the volatility in this market, overtrading it can be a potential for disaster... If bitc0in dips to less than 30k now, whatever bitc0in I buy wouldn't be sold for less than 50% profit whether it takes months or not. I wouldn't make such projections for most other assets I own The raw nature of the crypt0 space makes it bring out the very bare emotions... At the top, it's irrational greed, at the bottom, it's brutal fear... The rallies are glorious, the corrections are bloody... 3 Likes |
Re: Crypto Currency Investors Thread by jedisco(m): 11:29pm On Jun 08, 2021 |
It's a red day and as usual, the emotions are brought to the fore... Bearish PA's are good in reevaluating why we're in this market in the first place... But I'd add that if you think that crypt0 is going to zero, then you shouldn't really be in crypt0 in the first place... It'd ve too stressful for you. If I felt a market would ultimately die off or was ponzi, I wouldn't be anywhere near it. It's too much stress to keep asking yourself if bitc0in is going to zero anytime it sells off Also, it's worth remembering that most coyns have no use case and bitc0in will outperform most in time... No need fighting the trend...just use it to your benefit. 8 Likes |
Re: Crypto Currency Investors Thread by jedisco(m): 11:36pm On Jun 08, 2021 |
plat0: Most times I use bitc0in to guage the valuation of the market... There are a number of models out there which have proven to be quite accurate.. one is tge stock-to-flow model, another is the logarithmic growth curve... You can find them on the website lookintobitc0in. Also, moving averages are useful... Especially on the weekly charts... Movement of alyts will depend largely on what bitc0in does... So with alyts, I prefer to time trading them based on where the market cycle is and what bitc0in is doing at the time 7 Likes |
Re: Crypto Currency Investors Thread by plat0: 11:58pm On Jun 08, 2021 |
jedisco:Too complex. When you take all these things into consideration, at some point you'd be swayed by the school of thought that Crypt0 is just a glorified Ponzi scheme. 1 Like |
Re: Crypto Currency Investors Thread by nnekaike(f): 12:03am On Jun 09, 2021 |
Tfuel has done quite well this past week,did not react to this dip. 1 Like |
Re: Crypto Currency Investors Thread by jedisco(m): 12:11am On Jun 09, 2021 |
plat0: Perhaps.... But then, if you think it is, it'd be advisable not to trade it. I can't convince you it is or not... It's a decision you'd have to come to yourself. On the other hand, if I'm going to put your money in a market, I wouldn't consider looking into four items complex Before I started trading crypt0, I did extensive reading on it, watched the market for a long time, and slowly got in when I convinced myself it was worth it. There's been ups and downs, but overall I'm grateful Before I buy any stock, I like to look at up to 10years of data which is much more cumbersome and usually difficult to find..... Sometimes, I've had to travel or pay to get information/advice on certain investment steps. That's why the general advice is that if you can't do the work, then get yourself a financial advisor. Cos there's no free lunch anywhere..... 7 Likes 1 Share |
Re: Crypto Currency Investors Thread by Ibime(m): 12:48am On Jun 09, 2021 |
jedisco: Fundamentally people are prepared to pay a price for shares based on dividends, future cash flows and at the very base level, underpinned by the companies net asset value. In the event of a calamity or we no do again, those assets can be sold and distributed to shareholders. There is no such thing that underpins Crypto except what someone else is willing to pay for it The technology you say underpins Bitcoin is easily replicable infact. Even blockchain technology can be issued and we don't need a currency to use it. That's exactly what China is doing, which is why they got Weibo to ban all crypto talk and advertising in preparation for them to launch their blockchain. This is Ethereums selling point and easily replicable. No one should need a currency to access a blockchain, simple. Tomorrow if Google and co release their own blockchain and make it free or subscription based, it's lights out for Ethereum, Solano and co. What valuation do we place on Governance tokens? Why should the ability to vote on how Uniswap write their code be worth billions. UniSwap only released token because SushiSwap did. They said they might as well make money from something completely not linked to the use of their platform. Let's be frank, Crypto is a pyramid, but we are loving it. 13 Likes |
Re: Crypto Currency Investors Thread by iLegendd(m): 12:52am On Jun 09, 2021 |
As I said earlier, I use 200 EMA as resistance and 400 EMA as support in 1hr TF to stay level-headed and unbothered. There is something a lot of you haven't realized yet. BTC is going to be in that 200 — 400 cage for a freaking long time. See diagram below — the red and yellow lines. If you haven't watched this short video below, just know you're lagging behind. After you're done watching it, you'll shake your head countlessly and say, "ILegend, why didn't you show me this pricecless info yesterday and I wouldn't have made all the mistakes I made." No, it's never too late — just watch it now, right now, and thank me later. https://www.youtube.com/watch?v=SWsUMlBSj6I 4 Likes 2 Shares
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Re: Crypto Currency Investors Thread by AIT1(m): 1:19am On Jun 09, 2021 |
iLegendd: Thanks for the video. Please, do you have an idea of the name of the App the guy used for his analysis? 1 Like |
Re: Crypto Currency Investors Thread by jedisco(m): 2:26am On Jun 09, 2021 |
Ibime: In the real world, when companies go bust, shareholders go with little or nothing... Most Nigerians who bought shares during the 2008 NSE rave are yet to recoup their capital 12 years after. The increasing price with bitc0in doesn't just come from what people are willing to pay but from the value of the tech that underpins it... If it was all about what folks are willing to pay, bitc0in would have been long dead.. With crypt0, the tech is tech is open source and can be easily replicated (as many have done).. Which is why we have lots of no use coins... With time, the wheat will seperate from the chaff. But that's not really my view. My POV is asking myself if crypt0 and the blockchain tech has come to stay. I believe it does and has continued to offer an increasing use case around the world... For example, a good number of people in countries with galloping inflation are turning to stable coyns to escape that. Also, most remitances to Nigeria now are done via the crypt0 simply because of the bottle necks the cbn introduced. Thats why I'm heavy on bitc0in and eith because I believe they both would stand the test of time... Most other alyts are I trade are to benefit from the budding sector... Frankly speaking, if given the choice to choose between holding shares of a company and bitc0in for the next 10 years (without trading), I will struggle with to choose any over bitc0in... If we look at the internet based dotcom run of 2000... Lots of companies came up which eventually went to dust. But then, that run also helped to birth the internet giants we have today. For the past decade, bitc0in has stood the test of time But lemme ask, over the next 2-3 years, how likely do you think it is that the price of bitc0in will get to 45k? (Of course, nothing is certain) 10 Likes |
Re: Crypto Currency Investors Thread by Notyamate(f): 5:46am On Jun 09, 2021 |
With all the doomsay going on around here I wonder what this trend would have been like if it were created in 2017/2018 when bítcoîn price crashed from $13k to $3k. 5 Likes |
Re: Crypto Currency Investors Thread by PeaceIlya: 6:06am On Jun 09, 2021 |
The Bill passed #Bitcoin is now officially legal tender in El Salvador! Historic! ������ 9 Likes |
Re: Crypto Currency Investors Thread by OpenHeaven2019(f): 6:12am On Jun 09, 2021 |
$KSM EXPECT Chaos!!! 3 Likes |
Re: Crypto Currency Investors Thread by MJBOLT: 6:25am On Jun 09, 2021 |
imagine if such bill is passed in China, America or Europe ![]() PeaceIlya: 4 Likes |
Re: Crypto Currency Investors Thread by LastProphet: 6:28am On Jun 09, 2021 |
danny34: Okay thanks 1 Like |
Re: Crypto Currency Investors Thread by DenreleDave(m): 6:44am On Jun 09, 2021 |
Notyamate: I swear... Doom predictors.. They only see vision when the market is red but dissappear into the thin air when it turns green ![]() 10 Likes |
Re: Crypto Currency Investors Thread by CryptoMatic: 6:47am On Jun 09, 2021 |
Ibime: I wonder why you didn’t say all these things when crypto market was making ATH few weeks ago 11 Likes |
Re: Crypto Currency Investors Thread by bigx(m): 6:47am On Jun 09, 2021 |
Notyamate: I'm convinced more than ever we dont have long term strategies for investment this part of the world 3 Likes |
Re: Crypto Currency Investors Thread by Solmorg(f): 6:50am On Jun 09, 2021 |
DenreleDave:If I follow all these analysis I for don sell all my coins out of fear but thank God I already prepared my mind for this period before joining the market. 11 Likes |
Re: Crypto Currency Investors Thread by DenreleDave(m): 7:11am On Jun 09, 2021 |
Openheaven2019, nawa oooo... I think say the ksm wey u dey talk abt ńa coins below 10 dollars oooo, only to check and saw it at 426 dollars.... Abeg the coin na for big investors oooo, not small people like us ![]() ![]() ![]() 5 Likes |
Re: Crypto Currency Investors Thread by ak22(m): 7:12am On Jun 09, 2021 |
OpenHeaven2019: Please I need how can I credit my binance account ? |
Re: Crypto Currency Investors Thread by DenreleDave(m): 7:12am On Jun 09, 2021 |
Solmorg: I swear. ![]() Good morning... U dint returned my dm the last time I sent u one.. ![]() ![]() ![]() ![]() |
Re: Crypto Currency Investors Thread by Loverboy3333: 7:13am On Jun 09, 2021 |
bigx: Bros country get as e be na, we never see money take pay immediate bills na long term investment? 1 Like |
Re: Crypto Currency Investors Thread by ak22(m): 7:14am On Jun 09, 2021 |
fusionchimera: Please add me 080674175 eight two |
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