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Nairaland Forum / Nairaland / General / Investment / Crypto Currency Investors Thread (3910272 Views)
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Re: Crypto Currency Investors Thread by Nobody: 9:08am On Dec 11, 2021 |
lkillbrokehoes: Ok |
Re: Crypto Currency Investors Thread by iLegendd(m): 9:13am On Dec 11, 2021 |
Choose one and always remember it. This is a crypto psychology test. You bought a coin with $2,000 and it went up by 20%, but you greedily refused to take profit because someone told you it'll go higher or your TA told you it'll moon even more, so you left it as you anxiously await the rocket. Here are two options and I want you to choose the one that'll hurt you more. A. Five hours or days later, the coin went to -65% when BTC sneezed and keeps going lower while you're still in position. You're confused and can't even summon courage to leave the trade again. B. When it was at 20% profit, you impatiently took all your money out, but 5 hours or 5 days later, you saw the coin at +297% profit and it keeps moving even higher — but you're out of position. Between these two options, if you're the one in question, which one will hurt you more? Click LIKE for option A Click SHARE for option B If you're also kind enough, you can share your reason(s) why it will hurt you more. (Optional). 49 Likes 25 Shares |
Re: Crypto Currency Investors Thread by angelfallz(m): 9:26am On Dec 11, 2021 |
I tapped on like. A, it Would hurt me more because I allowed greed and outside influences to take control of my mind. iLegendd: |
Re: Crypto Currency Investors Thread by ayoade001: 9:30am On Dec 11, 2021 |
ShibArmy ....its pumped twice now in less than 2weeks. You get 8% in reward of Shiba Inu after buy. MC: 1.3M Holders: 7.5k |
Re: Crypto Currency Investors Thread by Mommytas(f): 9:38am On Dec 11, 2021 |
Thank you sir lkillbrokehoes: |
Re: Crypto Currency Investors Thread by 9japple(m): 9:40am On Dec 11, 2021 |
iLegendd:THANKS for this, this is a more intellectual and interesting activity than ppl insulting themselves. Option A will pain me more, because unrealized profit is unrealized profit. It will pain me that I didnt take some profit. Because the way I take my profit is not to close all the trade, but leave some running... so if I had taken some profit and it dips madly, I will take solace in the few cash I had closed. If after I closed some and it pumps to 279%, I will manage the few left that pumped. There can be no argument against TP. (EVERYTHING IN THE PHYSICAL UNIVERSE HAS ITS ALTERNATE, EQUAL AND OPPOSITE... BLACK AND WHITE, GOOD AND BAD, YOU NEED DARKNESS TO APPRECIATE LIGHT, HUNGER/FOOD, SICKNESS/HEALTH. you can not trade or invest without depositing some money, so also the cycle is never complete until you withdraw.... first law of thermodynamics... energy is a zero sum, accountants call it balance sheet, we the chemical engineers call it material balance, doctors with blood call it closed circulation, computer technologists call it a closed loop.....all saying the same thing: if you deposit, you owe the universe to withdraw...) know this and you will have peace in all you buy/sell Some ppl here are the only source to their wallets, family members and wives either do not have interest in trading or do not have your seed phrase so if anything happens to you and you are a whale....the money is lost forever, we will just see one token where one account has been holding 90% since 1970 even after the coin has out-pumped btc.... So in all you do, take profit. Life is too short to be hoping on 2023 profit. Wait for 2023 profit but take some now to reward yourself and convince yourself that your method works... Conversely that serious dip of option A can pump 7 years later, if it is not a shitcoin or Pump and dump project.... Option A for me every time. I dont need Openheavens to teach me this. MBA disappeared, so in a worst-case scenario crypto can just go kaput and EVERYBODY has ALL his funds trapped. Even FOREX too.... So a bird in hand.... Eh ehn... Some ppl here promise God 10% monthly, yet they do not want to be satisfied with 20%!!! Nigeria's inflation rate is 18- 20% p.a so if crypto gives you 30% you will be very comfortable against inflation... The 100naira toothpaste is now 120, but crypto has grown your cash to 130....you can still buy your toothpaste at 120 and still have change. If you keep it in a bank, your 100 becomes 94naira, so you approach same bank to borrow 26naira to buy same toothpaste...and you pay back 30%.... Do you see why we continue impoverished, unless you are into corruption or try to earn above the inflation rate? So always take profit or you will lose it to inflation... Option A always 27 Likes 2 Shares |
Re: Crypto Currency Investors Thread by BrokerHaruna: 9:45am On Dec 11, 2021 |
Re: Crypto Currency Investors Thread by abeladepoju(m): 9:52am On Dec 11, 2021 |
Option A because it will be very painful to watch my capital going down the drain. It's just an indication that I don't trade with strategy and caution. Option B has happened to me before where I withdrew all my funds and weeks later the thing started to moon. I did not bothered as much because I made little gains over the initial capital. 2 Likes |
Re: Crypto Currency Investors Thread by nonut: 10:10am On Dec 11, 2021 |
Fastt:I prefer buying from the first 10 coins after btceee and Eth. Then good projects from newly issued coins, at a discount price. E go still dey shack their devs so chances of failing in the first year is always slim. 1 Like |
Re: Crypto Currency Investors Thread by htdot: 10:17am On Dec 11, 2021 |
9japple:How do you guys calculate inflation.. Your inflation rate doesnt meet the theory or the reality... purewater from 10n to 20na 100%. Holndia yorghurt from 450 to 1000 naira.. thats 110% Tomatos paste from 50na to 100 naira thats is 100% Oil from 50 per satchet to 100 thats is 100%. Maggi from 5 naira to 10 naira, 100%. Why do they like deceiving the masses that inflation is just 20% while in reality it is more than 90%... Tell me, how do you arrive at 20%? 15 Likes |
Re: Crypto Currency Investors Thread by Ikanium(m): 10:18am On Dec 11, 2021 |
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Re: Crypto Currency Investors Thread by seankafor(m): 10:24am On Dec 11, 2021 |
iLegendd:but you never can tell which of the 2 will play out and the chances of either of them coming to play is 50-50.. This is why for me, I don't withraw my coins to fiat unless there is an urgent need for money.. and when thay needs comes, I withraw either in loss or in gain.. There is no logic to these things I have figured.. I made my first withrawal when btc was around 65-67k.. that's when I made my chunk withrawal to solve immediate needs, and I sure withrew on huge profits because I had been holding since the initial 48k.. But these past withrawal, I had to withraw at a loss to solve immediate needs (mind you I might even be lucky in disguise if btc should dip to let's say 48 down to 30k and maybe I have hit another money to buy in again, that would be a win win for me to).. On another note,even if it decides to moon upwards,I still have some chunks running for me..so the greed for me is trying to manipulate the market by thinking you'd be winning always.. That's why one must have a strategy in this game, because pocket no be same size.. Some treat this as side hustle while some treat it as main hustle.. As for me, I treat it as my primary storage.. So to your question, there is no gain or loss because the market is infinitum, 12 Likes |
Re: Crypto Currency Investors Thread by 9japple(m): 10:27am On Dec 11, 2021 |
htdot:You are very very correct chief, I am using the official figure quoted, which you have seen to be incorrect. Pure water of 20% inflation ought to be 12naira...but since there is no coins or intermediate note, they just round up to 20naira, thereby cheating the masses...but its a multiplier effect because as you increase like that, I too increase my own charges irrationally so plate of indomie, I will just raise it from 150 to 250....even your dollar rate, we have different values across banks, cbn and the streets...so it is all caused by the corruption sir 8 Likes 1 Share |
Re: Crypto Currency Investors Thread by lkillbrokehoes: 10:31am On Dec 11, 2021 |
Mommytas:You are welcome |
Re: Crypto Currency Investors Thread by DieRich5: 10:35am On Dec 11, 2021 |
iLegendd:option A will make u depressed ND sad more than option B cus seeing ur trade doing 20% which ur profits will be $400 ND in 5hrs u lose all profits nd ur capital is down 65% leta turn a bags holder for a month or months................ story of my FTM trade life, I knew dis still sometimes I do shitty thing Option B, I'll never forgive myself for AXS,which I bought at $7 dis year 2 Likes |
Re: Crypto Currency Investors Thread by htdot: 10:42am On Dec 11, 2021 |
9japple:But in reality, the inflation rate is 100%... |
Re: Crypto Currency Investors Thread by Mazinewmoney: 10:47am On Dec 11, 2021 |
We die here BrokerHaruna: |
Re: Crypto Currency Investors Thread by ayoade001: 10:48am On Dec 11, 2021 |
No one is fully happy in crypto; 1. You take profit too early and it pumps, you feel bad. 2. You buy the dip and it deeps further, you feel bad. 3. You take all your money out and it moons, you feel bad. 4. You take all your money out and it dumps, you feel good. Some alts take months to gain 20% ROI while some take hours to gain 200% ROI. The market is volatile, don't be greedy (set your entry and exit point) and finally don't be emotionally attached to any coin. P.S: We've all lost funds in some projects and gained x4 of it in others. Be Smart! iLegendd: 3 Likes |
Re: Crypto Currency Investors Thread by lkillbrokehoes: 10:53am On Dec 11, 2021 |
If you are looking for Good coins to buy and hodl, buy these ones; Mint Micropets CakeTools I made alot of $$$ when I bought Micropets around October and sold November, made alot of $ within 3 weeks, sweet and stress free money. I actually bought when the MC was $2 million and sold when it mooned to $200 million MC. if you can calculate then you should know how much I made, though it has dipped now and it's best to buy the dip because Micropets will still make second round of millionaires soon, it's a solid project if you ask me and don't ever sleep on it. Those coins I mentioned above are all good to buy but you should also make your own research before buying. 8 Likes 2 Shares
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Re: Crypto Currency Investors Thread by armadeo(m): 10:55am On Dec 11, 2021 |
Looks like heavy investment Is required to make even simple profit in crypto. I now understand why it can wreck someone. My high spirits have been humbled. 15 Likes |
Re: Crypto Currency Investors Thread by kintus(m): 11:10am On Dec 11, 2021 |
Mazinewmoney: Please what's the content. Can't open it ..... Mind sharing the information? |
Re: Crypto Currency Investors Thread by Mazinewmoney: 11:13am On Dec 11, 2021 |
Don't know about the content cos can't open it either. But then I've done my own research and bought Dogezilla long ago. I pray it cancels zeros then I'll be made for life kintus: |
Re: Crypto Currency Investors Thread by kintus(m): 11:15am On Dec 11, 2021 |
Mazinewmoney: Remember to pay your tithe when the time is ripe 2 Likes |
Re: Crypto Currency Investors Thread by lkillbrokehoes: 11:29am On Dec 11, 2021 |
May we never be unfortunate like this guy. 12 Likes
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Re: Crypto Currency Investors Thread by Ishilove: 11:50am On Dec 11, 2021 |
armadeo:Even me sef don humble 9 Likes |
Re: Crypto Currency Investors Thread by Fiona2real: 11:56am On Dec 11, 2021 |
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Re: Crypto Currency Investors Thread by Regex: 11:57am On Dec 11, 2021 |
iLegendd: Reason being "uncertainty". It may rise and it may not rise again. The probability of it rising is very low compared to otherwise, and when it rises, it may not reach the full capital or the previous profits of 20%. I am at a huge loss here. 2 Likes |
Re: Crypto Currency Investors Thread by Fiona2real: 12:12pm On Dec 11, 2021 |
Re: Crypto Currency Investors Thread by toby345(m): 12:29pm On Dec 11, 2021 |
nonut:spitting facts |
Re: Crypto Currency Investors Thread by Fiona2real: 12:32pm On Dec 11, 2021 |
FRee cryptocurrency giveaway. Earn cryptocurrency When cryptocurrencies are created companies give it out to create awareness. It's your time to make money by collecting newly invented crypto. Click on this link https://wn.nr/F4smcb |
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