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Nairaland Forum / Nairaland / General / Investment / Crypto Currency Investors Thread (3660853 Views)
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Re: Crypto Currency Investors Thread by ThisisIkemefuna(m): 11:40pm On May 07, 2022 |
ThisisIkemefuna: Sever alts squeezing. Alts are Ponzi, BTC is king ![]() 1 Like |
Re: Crypto Currency Investors Thread by Ekehwinz: 11:49pm On May 07, 2022 |
28k prophesy about to come through.. 4 Likes |
Re: Crypto Currency Investors Thread by ThisisIkemefuna(m): 12:04am On May 08, 2022 |
iLegenddNoReply:I prayyyy for youuuu todayyyyyyy E no go bad for you at all. Your own noorrr go spoil in jesuusss name! My portfolio for be like pot way foool lio if not for you bros ![]() 8 Likes
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Re: Crypto Currency Investors Thread by Itzlinda(f): 12:21am On May 08, 2022 |
Should we close all positions and move on? It is obvious we are in bear season! |
Re: Crypto Currency Investors Thread by okuta007: 12:21am On May 08, 2022 |
Ibime: if you do not need that money - do not EVER sell - leave it alone - max, one month... you will get all that losses back - you may not make up to 0.5% profit but you will get your money back - 99% of all the money I lost on Crypto were lost because I freaked out - STAY - let your veins be made of steel - the moment you sell at a loss - give it 3 days - you will cry in regret ! ![]() 10 Likes |
Re: Crypto Currency Investors Thread by seanwilliam(m): 12:35am On May 08, 2022 |
okuta007:this is a trap !!!! 10 Likes |
Re: Crypto Currency Investors Thread by Nobody: 12:36am On May 08, 2022 |
The bloodier, the richer. Money changing hands. When the blood is over, we switch to long. In summary, crypto crashing or rising doesn't matter. What matters is being in the right direction of the flow of the ocean. Truth be told, knowing the right direction is not easy, but when you get it right, you'll surely smile. 10 Likes
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Re: Crypto Currency Investors Thread by Ibime(m): 12:50am On May 08, 2022 |
okuta007: Each mallam with him kettle. One should know the season to be greedy and the season to be fearful based on macro conditions and support levels. Anyone HODLING in this market is on their own. All these violence and frustration on this thread could have been avoided if people pay simple attention. 10 Likes |
Re: Crypto Currency Investors Thread by Babalakin(m): 1:00am On May 08, 2022 |
ThisisIkemefuna:you don sell your STG? ![]() |
Re: Crypto Currency Investors Thread by ThisisIkemefuna(m): 1:04am On May 08, 2022 |
Babalakin: Sell fire. No need selling that one any longer. Did DCA at 90c and still looking to do another one at sub 70c. God no go let our back see ground ![]() |
Re: Crypto Currency Investors Thread by Itzlinda(f): 1:05am On May 08, 2022 |
Ibime: Can we expect a relief rally to jump out? Seems like this crypto and yahoo na the same thing 4 Likes |
Re: Crypto Currency Investors Thread by Babalakin(m): 1:10am On May 08, 2022 |
ThisisIkemefuna:that's the spirit. DCA gat you ![]() |
Re: Crypto Currency Investors Thread by okuta007: 1:25am On May 08, 2022 |
Ibime: ok thanks -if you won’t take my advise, kindly let those who will do… last time i bought ethereum for $2,800 and it fell to $2,560 after 7 days of holding - I sold it at $2,525 and 10 days later it bounced to $3,200 Now - $275 per one erhereum loss and I bought 2 so that’s $550 lost there due to impatience - If I had stayed and on in 2 weeks I would have gotten that $550 plus $800 - which is $1,330 So guys, leave it alone go do other things - if u have a 401k plan with your company and u open the portal of your broker e.g Fidelity and u see all red, do u sell ? u leave it alone maybe 2 months later u log in u see super greens and u don’t remember the reds anymore - that’s what u should do - leave it alone - the market will correct itself in the long run but if u panick sell and u lose, when the market correction happens u won’t get your losses back! Most major cryptos have revolving capital of Billions of dollars so na your small $1,000 or $maximum $10,000 wey u dey take trade won make dem fold up and run away ? there are people who threw in $300,000 - and the bear mkt is making that money look like $233,000 right now- they are still in playing golf this evening and sipping their red wine anticipating a bounce BUT poverty mentality wil make guys with $200 freak out take kia!!! 18 Likes |
Re: Crypto Currency Investors Thread by Ibime(m): 1:25am On May 08, 2022 |
Itzlinda: Relief can't go anywhere more than $38k for BTC and won't take ALTs with it by the same percentage. 2 Likes |
Re: Crypto Currency Investors Thread by okuta007: 1:33am On May 08, 2022 |
Ibime: the problem with most africans is that they don’t know how to play the waiting game - y’all should not be trading or investing i swear - make ona go look for gun go dey thief - sometimes u can wait a whole month to ensure u get your money and profit on a trade u thought was gonnna last for 3 hours - yes that’s the patience the big money movers have that u dont have and they know the psychology of you all that’s why u get ripped off by the system NEVER SELL UNTIL U GET YOUR MONEY BACK - crypto market is too volatile to cut your losses - whats $2,000 today can be $4,000 in 4 days or in 40 days… hold on - and when u get your money back - withdraw it and go do another business because crypto trading is not for u impatience will make the smartest of traders look like that the biggest fool God ever created Be wise! 8 Likes |
Re: Crypto Currency Investors Thread by Ibime(m): 1:51am On May 08, 2022 |
okuta007: Oga the profits I have taken out from crypto is over $100k. Those sipping wine with $300k invested in bear market have already taken home enough to retire and can leave something in the market, or even shorting with that $300k while you are HODLING and making profits off you. There are two occasions where ETH dipped below $2.5k. May to July last year, and Jan to March this year, circled below. The reason for the first dip was Elon environmental fud which we came out of in July last year after Elon call with Ark innovation declaring that BeeTee is now environmentally friendly and they are going bullish. The November 21 crash started on FED liquidity tightening and interest rate hike fears and you must have dipped to $2.5k in January. The recovery came in March when Fed went doveish, promising to control inflation without too much rate increase, bolstered by strong February job numbers. BeeTee 21 week EMA was approaching and we broke above it at $45k signalling a mini alt-season in March. That must be when your ETH recovered. I went heavy on the market then and withdrew as soon as we broke below it early April. There is absolutely nothing on the horizon but more interest rate rises and credit tightening in the market that will continue to squeeze on equities and crypto. That's why Nasdaq is down 23% this year and Crypto being the most speculative tech asset reacts more volatile than Nasdaq to credit tightening. Keeping an eye on the feds and interest rates is a rule you simply cannot ignore if you want to trade crypto, and with inflation requiring rate hikes, more pain is coming. So if you want to continue hoping, you are on your own. And as for 401k, yes, you can convert your pension into a cash pension (fixed return) which I did last year. 9 Likes 1 Share
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Re: Crypto Currency Investors Thread by DieRich5: 2:05am On May 08, 2022 |
2022 ![]() Thinking about life, I meant crypto 1 Like
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Re: Crypto Currency Investors Thread by okuta007: 2:08am On May 08, 2022 |
Ibime: and your 100k profit is more than billion Ethereum is worth - anyways i have bookmark this this your response for the future! |
Re: Crypto Currency Investors Thread by Ibime(m): 2:12am On May 08, 2022 |
okuta007: Point is, know what moves the market before blindly encouraging HODL. That's how you get wrecked. If you have substantial funds in there, you will capitulate soon enough unless the loss is already too great. Someone accused me of capitulating in early April when BeeTee broke below $45k. I explained that the 21 week EMA was my red line. I had already done 65% profit on total funds in March alone. Now we are here in May and BeeTee is at $35k and Alts even worse decline. I wonder if that guy capitulated since then. Same thing I did in late October/November and in April last year. By the time you get caught in a position that's 40% plus down, you will regret not following certain guidelines. But if you are already at that 30-40% loss, I won't blame you for HODLING 9 Likes |
Re: Crypto Currency Investors Thread by ThisisIkemefuna(m): 2:15am On May 08, 2022 |
This icp is there any hope that it can rally during their BTC integration by June? Watching it closely at $10, retail seems burnt terribly on it |
Re: Crypto Currency Investors Thread by Fuckjesusandgod: 2:32am On May 08, 2022 |
. |
Re: Crypto Currency Investors Thread by Fuckjesusandgod: 2:33am On May 08, 2022 |
Hi boss, will like to follow you on twitter. Can I have your handle. Thanks Ibime: |
Re: Crypto Currency Investors Thread by dayo229: 2:55am On May 08, 2022 |
okuta007: Should we tell him ![]() 3 Likes |
Re: Crypto Currency Investors Thread by okuta007: 3:04am On May 08, 2022 |
dayo229: no mind am - last year july ETH dropped from $ 3,780 to $1,860 - I left thinking it’s a scam - November ETH was rallying at $4,800 so what is the graph and analysis to that astronomical pump ? that pump defies all investment logic - never bet against crypto 3 Likes |
Re: Crypto Currency Investors Thread by Hotice085: 3:52am On May 08, 2022 |
Moses247:. Blah blah blah blah, we have been there and done that. Mosese abi na Aaron be you name, U are still foolish in fact more foolish 1 Like |
Re: Crypto Currency Investors Thread by mitchyy(f): 4:32am On May 08, 2022 |
Before the May dip last year, when i saw how the market was going, i sold all my coins at entry price and some at 5% loss, to wait for the dip. Those i told, called it a foolish decision and called me a bad trader. They said the market will bounce back in a few weeks. Well, we all know how long it took the market to recover and some coins are not even back to their entry price from the May dip. Those who faulted my decision ended up selling some coins at 40% loss. Before you advise people that losses will be recovered in max one month, find out what coins they are holding. This advice would have made more sense if you didn't give a timeframe. I always tell people that if you didn't sell at 5%-10% loss, just leave the coin alone. Selling at a loss above 20% doesn't make sense to me. So anyone who didn't sell back then when the warning was given, should just hold and wait for recovery no matter how long it takes. Selling now is pointless except maybe your loss is very minimal okuta007: 4 Likes |
Re: Crypto Currency Investors Thread by Ballzproblemm: 4:48am On May 08, 2022 |
okuta007:why are you forcing your method on him ![]() ![]() 5 Likes |
Re: Crypto Currency Investors Thread by Ballzproblemm: 4:56am On May 08, 2022 |
dayo229:he's probably a bagholder looking for who too join his misery ,while smart ones are jumping in and out let continue 1 Like |
Re: Crypto Currency Investors Thread by EmmanuelScott1(m): 5:05am On May 08, 2022 |
If e reach you, sharply collect your own, no dey buga ![]() ![]() No retreat No surrender if you dey vex, go and insult Elon musk for Twitter, make he just tweet "BTC", e fit move ![]() ![]() 1 Like
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Re: Crypto Currency Investors Thread by seankafor(m): 5:25am On May 08, 2022 |
As for me, am a holder and I'd continue buying my favorite coins when I have enough funds irrespective of the market.. I also sell when in dire need... It's a way of life for me Choose your own 3 Likes
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Re: Crypto Currency Investors Thread by nna777: 5:39am On May 08, 2022 |
nna777: This is a shorter's market. Expecting a dip to 33k before the bounce. 6 Likes
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Re: Crypto Currency Investors Thread by kristien4(m): 5:42am On May 08, 2022 |
iLegenddNoReply:When do u feel is the best time to buy?? |
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