Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,199,399 members, 7,971,445 topics. Date: Thursday, 10 October 2024 at 10:06 AM |
Nairaland Forum / Nairaland / General / Investment / Investing In Digital Currencies; Looking At The Bigger Picture (29674 Views)
How Much Did You Make In Digital Currencies In 2021, See Mine (binance, Etc) / Investing In Digital Currencies. Learn And Earn From The Best Options In 2022. / What Did You Acquire In The Previous Bull Run (digital Currencies) See Mine. (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (17) (Reply) (Go Down)
Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(m): 2:45am On Aug 30, 2021 |
fashionnisir: This is flexible i.e you can withdraw whenever.... For fixed timescales, there are better rates even on most exchanges. Binaz offers 7% for 90 days 4 Likes
|
Re: Investing In Digital Currencies; Looking At The Bigger Picture by Mazinewmoney: 7:10am On Aug 30, 2021 |
Following with reckless abandon 2 Likes |
Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(m): 6:09pm On Aug 30, 2021 |
One reason I'm very bullish on bitc0in.... It has recognisable an actionable timescale In addition to having about 2-3 significant moves yearly Larger timesale- By virtue of its supply being cut in half every four years (called the halving), and increasing demand, this causes a well timed huge rally every 4 years (termed bull run) that propels the market to new highs... Hence, so far no one who's held bitc0in for 4 years has had to sell at a loss... In investing, having a market that provides these can be priceless.... After the end of each bullrun comes a healthy correction which IMO, is opportunity to amass it on the discount The 2020/2021 bullrun which is still in play propelled the price of bitc0in from about 12k isd after the halving to 60k so far with a good chance it goes higher.. This was largely driven by institutions adopting bitc0in as a store of value with some buying it in hundreds of millions... The next halving is in 2024... And if history is anything to go by, there should be another rally. It is my view that the 2024 rally will largely be propelled by countries adopting crypt0 either by means of owning Bitc0in or issuing central bank backed stable coins. Already one country has began to build bitc0in reserves. Come to think of it, crypt0 provides tangible assets that can be traded in hundreds of countries worldwide. With the way bitc0in is structured, it protects folks from inflation. This is something I believe countries might not even be able to control. Due to poor economic policies, we've seen citizens of countries with unstable currencies e.g Turkey, Nigeria, Lebanon, Venezuela e.t.c troop into crypt0 to protect their assets. It's only a matter of time before a currency pulls a Zimbabwe on it's citizens. The winners would be thise who were able to hedge their assets against inflation...and crypt0 is one of the easiest ways to do that. It's not my prayer that countries go bust, butin life, somethings are bound to happen. Being more futuristic, moreso with more crypt0 exchages offering cards to directly spend crypt0 in everyday transactions, I'd say that if ever there was going to be a human currency that transcends geographic locations to be used in everyday spending, it'd likely be based on crypt0. We're not there yet, but it's not hard to see it happening 9 Likes |
Re: Investing In Digital Currencies; Looking At The Bigger Picture by Madmazel99(m): 6:32pm On Aug 30, 2021 |
jedisco:what's the future for tron long term holders? Despite it having many use cases. It doesn't up go a lot and doesn't go down a lot. |
Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(m): 8:07pm On Aug 30, 2021 |
Madmazel99: Generally, trx is not a coin I trade... Its not performed well against Bitc0in or eith in the past.. Of course, every coin has its day, but I like being with the strongest participants 1 Like 1 Share |
Re: Investing In Digital Currencies; Looking At The Bigger Picture by Oyindamolah: 8:11pm On Aug 30, 2021 |
obi4eze:You hit the nail on the head |
Re: Investing In Digital Currencies; Looking At The Bigger Picture by Oyindamolah: 8:12pm On Aug 30, 2021 |
Madmazel99:I would recommend you trade it rather than hold it for a long term. 1 Like |
Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(m): 8:15pm On Aug 30, 2021 |
Now to some trading.... With the solana rally, I believe lots of people will rush into buy it at close to 150.... Two coyns I'm looking at are dot and uni.... I enjoyed the first parabolic move of dot from 4 to 20 and then 40 earlier this year.... It cooled down before the selloff... Looking at it now, it looks juicy... First against Bitc0in it's flipping the weekly ema support.... I got some of it today at 25, staked it at 20% apr and targeting 40-50 (2x) at the first instance from it.... My plan will be to sell there, hopefully reload lower and target a price discovery run afterwards Good chance it and uni could pull a solana if they break previous ATH 4 Likes
|
Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(m): 8:21pm On Aug 30, 2021 |
If you want to make good entries on alyt in a bull run, There are 2 cheat codes I'd advice, First ficus on the daily and weekly charts against Bitc0in and usdt.... Second, make your ema settings to 21..... Most coyns will keep touching this and rallying up until they top out... What I do is target what coins are holding their support during a selloff... 11 Likes 1 Share |
Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(m): 8:23pm On Aug 30, 2021 |
At this stage of the market, I'd say most people would likely do better over the next few weeks if they target a few coins and just hold rather than jumping from pillar to post... A good number of coyns have a decent chance of pulling a 50% from their current valuations if bitc0in remains stable over the next few weeks-months 2 Likes |
Re: Investing In Digital Currencies; Looking At The Bigger Picture by Oyindamolah: 8:43pm On Aug 30, 2021 |
Xrp Arweave Elgrand AXS BTS 1 Like 1 Share |
Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(m): 8:44pm On Aug 30, 2021 |
Personally, as I shared on the other thread, irrespective of what bitc0in does in the interim ( as far as it's above 40k), I don't see the need to sell any of my alyts for now..... if a pullback comes and gives lower prices, I'd add more Some of my alyt entries and target sells are... One... Entry was at 1... Target is 1.5 Kusama... Entry between 280 and 300... Target is between 500-600 Dot- as above Uni- entry was between 25-27... Target is 40 Link- entry was between 20-25, target is 40-50 Xrp- entry was 0.59... target 1.8 ish Theta- entry was 7, target 12-15 Tfuel- entry was 0.36, target 0.6 Icp... Entry was around 66 and 40... targeting 120-150 on it... Still got some shib (entry 0. and doge... Targeting 2x on both... Personally, I don't think doge will perform as well this time around... Many people who missed its last rallies have been lurking around in it... Me feels it'd still grustrate folks a lil Usually, there's a rhythm to this market.... Eith or ada moves first and the other follows.... Coins that move on tandem can provide an opportunity to maximize profits if the second is lagging If eith moves towards 4k, then etc will usually follow quickly... If it lags, then I cycle If bnb moves towards 600-650, then bake and cake usually follow... 15 Likes 1 Share |
Re: Investing In Digital Currencies; Looking At The Bigger Picture by Weirdgee: 8:46pm On Aug 30, 2021 |
jedisco:which of them boss? 1 Like |
Re: Investing In Digital Currencies; Looking At The Bigger Picture by OpenHeaven2019(f): 9:10pm On Aug 30, 2021 |
jedisco: Dot! Dot is where I’m moving some of my profits to. The Dot parachain auctions comes up in last quarter of 2021. 2 Likes |
Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(m): 9:12pm On Aug 30, 2021 |
Seriously, having some crypt0 assets is becoming a no brainer for Nigerians... Looking at the exchange rate today, the fact is even if your crypt0 asset did not move, youre up 6% over the last month.... That's what TB yields are for a year... In essence, if you buy TBs at 7%, by the time you get your money back, it might have lost 50% of its value What alot of older folks are still failing to grasp is that as far as the naira continues to devalue this rapidly, one is losing money in real terms by owning most naira denominated investment...be it bonds, TB's e.t.c With the manoeuvring by the CBN in the past 2 weeks, it was obvious the market will respond badly.... Now, they're running out of options and the populace are increasingly losing faith in the Naira. IMO, they are left with two options- either remove dollar subsidies or go for domiciliary accounts... As a Nigerian, crypt0 may save you 6 Likes 1 Share
|
Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(m): 9:13pm On Aug 30, 2021 |
OpenHeaven2019: Noted... I'm going in kia kia.... Really enjoyed it's early year rally.... 4x in a month was sweet 1 Like |
Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(m): 9:15pm On Aug 30, 2021 |
Weirdgee: Just listed a most... Eith is another... With alyts, one can hardly go wrong with eith.... Ada is anothe champ... annoyingly, its moved |
Re: Investing In Digital Currencies; Looking At The Bigger Picture by chidekings(m): 9:24pm On Aug 30, 2021 |
jedisco:how can one stake dot on binance |
Re: Investing In Digital Currencies; Looking At The Bigger Picture by chidekings(m): 9:28pm On Aug 30, 2021 |
jedisco:
|
Re: Investing In Digital Currencies; Looking At The Bigger Picture by Ibime(m): 9:51pm On Aug 30, 2021 |
jedisco: Oga what's your capital allocation % between your HODL bag and trading bag And also at what points (signals) would you sell your HODL bag? |
Re: Investing In Digital Currencies; Looking At The Bigger Picture by Weirdgee: 9:55pm On Aug 30, 2021 |
jedisco:okay boss tnx |
Re: Investing In Digital Currencies; Looking At The Bigger Picture by solreb: 10:33pm On Aug 30, 2021 |
jedisco:Oga Jedisco. God bless you for this service to humanity. You are opening my eyes in several ways with this thread. Ride on sir 6 Likes |
Re: Investing In Digital Currencies; Looking At The Bigger Picture by AIT1(m): 10:40pm On Aug 30, 2021 |
Following... |
Re: Investing In Digital Currencies; Looking At The Bigger Picture by Shakitibob0: 4:20am On Aug 31, 2021 |
Best cry...p.to. thread ever I am beginning to retrace my steps... please which of the platforms are you staking with? Celsius or nexo? |
Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(m): 6:12am On Aug 31, 2021 |
chidekings: The option now available on binaz for dot is the flexible savings at 0.5% apr.... My dot holdings are on kraken... BTW, I meant 12%...which is not bad for flexible staking There's a screenshot on the previous page There are other options there to stake assets.... Just be sure its secure. There are ones where you could even earn interest without having to necessarily deposit your coyns on the exchange |
Re: Investing In Digital Currencies; Looking At The Bigger Picture by Loverboy3333: 6:21am On Aug 31, 2021 |
I'm here, following |
Re: Investing In Digital Currencies; Looking At The Bigger Picture by jedisco(m): 6:34am On Aug 31, 2021 |
Ibime: I don't have a fixed percentage yet but I'm tilting towards that.. But I'm more of a swing or long-term trader than day trader... Once in a while, I spot good daily moves and cash out.... The thing about holding is that one has a clearer view of the market... And you wouldn't need a chart to tell you it's time to take profit nd wait for a retrace.... E.g last year when I held dot and uni from 4 to 20... I didn't need anyone to tell me that at 20 dols, I should take profit which I did.... Most day traders who subsequently jumped in hoping to benefit from a bounce from 18 back to 20 were stuck... Similar to sol.... Folks who bought at 30 are almost 5x up and wouldn't need a prophet to tell themto take some profits between 100 and 150... that's when some day traders would start to FOMO If betece does go on another run, my plan is to focus on a few assets, take profits either by selling into usd, betece on flipping them.... When theres a retrace, I deploy back into same assets... Of recent, I started averaging slowly into certain micros..... If there's a dip, I'd add more.... If they go on to repeat what they did earlier this yr, I wouldn't need advice to know when to take profit This is my view of the market, of course it can differ for most 8 Likes 1 Share |
Re: Investing In Digital Currencies; Looking At The Bigger Picture by Mumben(f): 9:02am On Aug 31, 2021 |
jedisco: Pls clarify, u said ur entry in OnE is 1, target is 1.5 but one is currently below$1. Or is it a mistake? |
Re: Investing In Digital Currencies; Looking At The Bigger Picture by dayo229: 9:15am On Aug 31, 2021 |
Mumben: He meant 0.1... target 0.15 2 Likes |
Re: Investing In Digital Currencies; Looking At The Bigger Picture by dayo229: 9:16am On Aug 31, 2021 |
Jedisco you are doing a great work here. 2 Likes |
Re: Investing In Digital Currencies; Looking At The Bigger Picture by sellydion: 9:48am On Aug 31, 2021 |
jedisco: Thanks for great insight. I opined that one should start with investing and graduate to trading. Trading is emotionally challenging. |
Re: Investing In Digital Currencies; Looking At The Bigger Picture by Mumben(f): 9:54am On Aug 31, 2021 |
dayo229:Oh, I see. Thanks |
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (17) (Reply)
How The Founder Of MMM Nigeria Mavrodi Was Found And Arrested For Fraud / What's The Best Way To Invest Idle Funds? / Which Loan App Is The Best?
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 76 |