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Crypto Currency Investors Thread - Investment (2629) - Nairaland

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Re: Crypto Currency Investors Thread by Khayceeofficial(m): 5:17am On Jul 03, 2022
Ibime:
Before you ask, is it time to buy, keep in mind that a bear market typically lasts for 2 years from peak to bottom. That means we are not yet at the bottom going by antecedent. Pull up the chart for the S&P500 for 1989 to 1992, 2000 to 2002 and 2008 to 2010 and confirm for yourself..I have highlighted them below.

My strategy remains to short resistance at extremely low leverage, and not do any buying or longing. Since crypto futures trading is banned in my country of residence, I have been doing this on the Nasdaq100 at 5x leverage for the last two months. That leverage is purposeful because it rules out the risk of being margin-called. The returns are not amazing, about 10% per month but are in line with my goals to preserve capital as first goal and to double my capital over the next two years as my second goal. I plan to return to buying crypto sometime in late 2023 or 2024.
Now is not the time to get rich but to make small steps of progress in increasing your trading funds, so you have more capital ready for the next bull market.

Una see the bolded for who won enter market this period dhe trade?

Ibime thanks for this piece
Thread is alive

5 Likes 1 Share

Re: Crypto Currency Investors Thread by nnamdi640: 5:20am On Jul 03, 2022
Khayceeofficial:


Check your settings in the metamask app.
If you can't find it, go on Google and search for a tutorial
Ok, I have seen it. Thanks alot
Re: Crypto Currency Investors Thread by Geovanni412(m): 5:32am On Jul 03, 2022
Lordsagna:

I'll go with option 4 I can wait till 2023... I've downloaded binance how will I put money there?
I can find another money for option 3, but everything you wrote there looks like Arabic what's SHORT ON ALTCOIN with 2x leverage?

What you are describing as Arabic is basically futures trading. Like moshuur said, try and read through the threads a bit. I posted earlier some tips on how to learn about trading quickly.
Re: Crypto Currency Investors Thread by coolqayy(m): 6:28am On Jul 03, 2022
XaToXi:
Wahala for who no sabi short for bear market.

Double wahala for who no even sabi futures at all.






Please I sabi futures but don't know which coin to short and entry.
I can message you on whatsapp
Re: Crypto Currency Investors Thread by Nobody: 7:42am On Jul 03, 2022
seanwilliam:


I no understand o. So keeping stable on there is not safe too..

Any funds wey no dey your wallet
No br your funds
Not your keys. Not your coin

1 Like 1 Share

Re: Crypto Currency Investors Thread by Nobody: 7:46am On Jul 03, 2022
crazymommy:
This is not showing profit/loss.....

I actually want to see your profits......can I see it ??

Profits lol.. good luck waiting to see that cheesy grin . Shey 1.5% daily is simple. Let him show us how man millions he has compounded in the last 3 months

Leave the guy he is a joker. Some top traders here used to closed 1000s of usd and post without making confused analysis. That guy na noisemaker

1 Like

Re: Crypto Currency Investors Thread by Goldbw122(m): 7:49am On Jul 03, 2022
Lordsagna:
Good afternoon investors... I'm an avid follower of this thread just reaching this page today... I'm a 200 lvl student and i'm interested in trading cryptocurrency what's the minimum amount of money I can start with?... I've downloaded trust wallet and someone said I should buy coin from binance.... but I don't understand how to buy and also the coin to buy he said they are over 1000 coins... pls which of the coin can I buy today....I have like 6-7k wey I use start.

Pls I don't understand anything about crypto before.
Bro don't buy any coin now, see keep the money somewhere or invest in other things, take your time and patient to learn about trading, you can use a small amount to do some test run, or use mock trading on bina-ance so don't hurry because this period nor just get joy at all..

1 Like

Re: Crypto Currency Investors Thread by Chikacha: 7:52am On Jul 03, 2022
Ibime:
Before you ask, is it time to buy, keep in mind that a bear market typically lasts for 2 years from peak to bottom. That means we are not yet at the bottom going by antecedent. Pull up the chart for the S&P500 for 1989 to 1992, 2000 to 2002 and 2008 to 2010 and confirm for yourself..I have highlighted them below.

My strategy remains to short resistance at extremely low leverage,
For Bitcoin, I see us playing the $18k to $22k level for a while and then breaking down to the next zone. If you are swing trading, it is always safer to short from the $20.5k to $22k level than to long from the $18 to $19k level, ensuring you keep a leverage that will not get you stopped till $26k. Even at that, using not more than 20% of capital at any time. I would never long this market. It's just safer. Now is not the time to get rich but to make small steps of progress in increasing your trading funds, so you have more capital ready for the next bull market.

One more thing to bear in mind is that crypto has never been part of a macro-bear. The general stockmarket and economy has been on an uptrend since 2010 when Bitcoin came into being. All Bitcoin bear markets have been local to crypto, not the general economy. This is the first time Crypto will go through a bear caused by macro-economic conditions outside of Crypto.
Do you see the difference? No cursing, no reiterating or exaggerating anything to make anyone feel like a loser, just good research with little warning, and it's free. This is just a tip of the Iceberg, wait for a stable market you will see why you met this thread that you choose to bastardize. Thank you Ibime.

17 Likes 2 Shares

Re: Crypto Currency Investors Thread by Geovanni412(m): 8:19am On Jul 03, 2022
Ibime:
Before you ask, is it time to buy, keep in mind that a bear market typically lasts for 2 years from peak to bottom. That means we are not yet at the bottom going by antecedent. Pull up the chart for the S&P500 for 1989 to 1992, 2000 to 2002 and 2008 to 2010 and confirm for yourself..I have highlighted them below.

My strategy remains to short resistance at extremely low leverage, and not do any buying or longing. Since crypto futures trading is banned in my country of residence, I have been doing this on the Nasdaq100 at 5x leverage for the last two months. That leverage is purposeful because it rules out the risk of being margin-called. The returns are not amazing, about 10% per month but are in line with my goals to preserve capital as first goal and to double my capital over the next two years as my second goal. I plan to return to buying crypto sometime in late 2023 or 2024.

The nature of a bear market is such that price drops suddenly on bad news and then will hold a level for a while without breaking through any resistance, and will either slowly unwind down or breakdown suddenly at the next bad news. For the Nasdaq100 currently, I set ladder shorts at every hundred points from 11,600 to 12,200. Price will never break above 13,300 in this market which is what it will take for me to get margin-called at 5x. I like predictability, and Nasdaq is the most predictable asset class because it is full of speculative stocks which got overvalued the most from the zero interest rate environment of the pandemic, and it has no petroleum or commodity selling companies whose value goes up with war, and could buck the general downward trend. Almost every company in Nasdaq will be going down, and it fits perfectly the "trend is your friend" approach.

For Bitcoin, I see us playing the $18k to $22k level for a while and then breaking down to the next zone. If you are swing trading, it is always safer to short from the $20.5k to $22k level than to long from the $18 to $19k level, ensuring you keep a leverage that will not get you stopped till $26k. Even at that, using not more than 20% of capital at any time. I would never long this market. It's just safer. Now is not the time to get rich but to make small steps of progress in increasing your trading funds, so you have more capital ready for the next bull market.

One more thing to bear in mind is that crypto has never been part of a macro-bear. The general stockmarket and economy has been on an uptrend since 2010 when Bitcoin came into being. All Bitcoin bear markets have been local to crypto, not the general economy. This is the first time Crypto will go through a bear caused by macro-economic conditions outside of Crypto.

Perfect analysis of the situation. Everything is correlated right now. I don't even think gold will survive this storm we are in. Best bet for a newbie is to wait till first quarter 2023.

2 Likes 1 Share

Re: Crypto Currency Investors Thread by Khayceeofficial(m): 8:42am On Jul 03, 2022
Binancian:


Profits lol.. good luck waiting to see that cheesy grin . Shey 1.5% daily is simple. Let him show us how man millions he has compounded in the last 3 months

Leave the guy he is a joker. Some top traders here used to closed 1000s of usd and post without making confused analysis. That guy na noisemaker
Bruh, this matter died yesterday

Don't stir things up... You've read through those posts and there's been no noise since

Don't start another

4 Likes

Re: Crypto Currency Investors Thread by Khayceeofficial(m): 8:45am On Jul 03, 2022
Geovanni412:


Perfect analysis of the situation. Everything is correlated right now. I don't even think gold will survive this storm we are in. Best bet for a newbie is to wait till first quarter 2023.

Even that Q1 2023 no sure
I might begin to buy again maybe around this time 2023...
Re: Crypto Currency Investors Thread by Geovanni412(m): 8:49am On Jul 03, 2022
Khayceeofficial:


Even that Q1 2023 no sure
I might begin to buy again maybe around this time 2023...

I get your pessimism. But when sth similar happened in 2008, it was around March 2009 that the recovery started.

My two cents - it is safe to start dca around 1st quarter 2023 because the bottom will likely be found sometime in q1 2023 if history repeats itself. However, if one is looking for a perfect smooth entry with a pullback then the right thing to do would be to wait till q2 2023. (around June or July).

In summary, if you want to catch the potential bottom start accumulating from q1 2023. If you want to buy with trend , start from June or July 2023.

2 Likes

Re: Crypto Currency Investors Thread by XaToXi: 8:51am On Jul 03, 2022
coolqayy:


Please I sabi futures but don't know which coin to short and entry.
I can message you on whatsapp

You can start with btc as it has well defined levels and other alts follow it's movements.

@Ibime mentioned the range to start shorting from earlier - $20k5 upwards. You can DCA/ladder your shorts in increments of $250, $500 or $1000 price gaps depending on your capital and risk management.

@kingsteve also gives daily levels you can use to enter and exit your btc trades.

4 Likes

Re: Crypto Currency Investors Thread by Raph3177(m): 9:08am On Jul 03, 2022
Lordsagna:
Good afternoon investors... I'm an avid follower of this thread just reaching this page today... I'm a 200 lvl student and i'm interested in trading cryptocurrency what's the minimum amount of money I can start with?... I've downloaded trust wallet and someone said I should buy coin from binance.... but I don't understand how to buy and also the coin to buy he said they are over 1000 coins... pls which of the coin can I buy today....I have like 6-7k wey I use start.

Pls I don't understand anything about crypto before.
Face your school forget crypto for now. Crypto is best when u have a strong legit source of income. Forget what u have heard it can never make a broke person rich. As for am concerned crypto is for the well to do If u grab.

12 Likes

Re: Crypto Currency Investors Thread by Chikacha: 9:15am On Jul 03, 2022
XaToXi:


@kingsteve also gives daily levels you can use to enter and exit your btc trades.


Please this is not true! DO NOT use whatever you get from Kingsteve to trade especially if you are a beginner, It's a guess work but somehow he thinks it's a talent which we all don't have. An old hand may look at it and still salvage something but defiantly not a newbie!

Guys, please stay clear from these group of people shilling these TAs at this time, I'm telling you guys, you will lose and do not DM or respond to their DMs. Ask open questions here. Someone would answer you.

And no, there is no money flowing anywhere in crypto right now, no, you are not missing anything right now.
Keep your money and learn from those who have witnessed this before.

If you go and they chop you, please don't come and testify here, at least.

5 Likes

Re: Crypto Currency Investors Thread by ElectronicMoney(m): 9:26am On Jul 03, 2022
Ballzproblemm:
hmm, hopefully this will turn out to be fud

KuCoin CEO Johnny Lyu has denied that KuCoin is insolvent

https://cointelegraph-com.cdn.ampproject.org/v/s/cointelegraph.com/news/kucoin-ceo-slams-insolvency-rumors-citing-no-plan-to-halt-withdrawal/amp?amp_js_v=a6&amp_gsa=1&usqp=mq331AQIKAGwASCAAgM%3D#aoh=16568316180804&csi=0&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fkucoin-ceo-slams-insolvency-rumors-citing-no-plan-to-halt-withdrawal

1 Like

Re: Crypto Currency Investors Thread by Mayorsky07(m): 9:27am On Jul 03, 2022
Thanks bro, I received the 100SHM but what can I do with it
nnamdi640:
my own metamask don't have a section to add a new chain
Re: Crypto Currency Investors Thread by uniquetechng: 9:32am On Jul 03, 2022
The fight between BEAR and BULL is still raging with bear still having the upper hand.

Trade with CAUTION.

2 Likes 1 Share

Re: Crypto Currency Investors Thread by Mayorsky07(m): 9:38am On Jul 03, 2022
How do we go about it, do we have to just keep it there?
BlenzTalk:


That was the mistake. Just did that and I've received the 100SHM. Thanks
Re: Crypto Currency Investors Thread by Geovanni412(m): 9:51am On Jul 03, 2022
Raph3177:

Face your school forget crypto for now. Crypto is best when u have a strong legit source of income. Forget what u have heard it can never make a broke person rich. As for am concerned crypto is for the well to do If u grab.

It's not just trading crypto. Anything online trading requires one to have a stable source of income. There must be inflow from somewhere to cover for the bad trading days. Lordsagna, try and understand this. It is easier to grow an acct when you're not desperate just like it is easier to get a girl when you don't look desperate. Your relaxed mindset is what will help you grow ya acct.
In summary, have a solid monthly income stream before you delve into anything online trading.

10 Likes 1 Share

Re: Crypto Currency Investors Thread by XaToXi: 9:55am On Jul 03, 2022
Chikacha:


Please this is not true! DO NOT use whatever you get from Kingsteve to trade especially if you are a beginner, It's a guess work but somehow he thinks it's a talent which we all don't have. An old hand may look at it and still salvage something but defiantly not a newbie!

Guys, please stay clear from these group of people shilling these TAs at this time, I'm telling you guys, you will lose and do not DM or respond to their DMs. Ask open questions here. Someone would answer you.

And no, there is no money flowing anywhere in crypto right now, no, you are not missing anything right now.
Keep your money and learn from those who have witnessed this before.

If you go and they chop you, please don't come and testify here, at least.

grin grin grin
Re: Crypto Currency Investors Thread by Nobody: 10:42am On Jul 03, 2022
Khayceeofficial:
There's an Airdrop currently ongoing for Shardeum EVM blockchain.

Mainnet debuts in Q4 and they are giving out 100 SHM each for users.

If you've got a Twitter account, visit Shardeum. Org(delete the space) and follow the prompts and click 'claim 100 SHM'.

Probably nothing but worth trying
WazirX founder is the owner and binance already acquired Wazirx before now


Just do a little research, I also chatted one of their admins up.

It's just test net tokens, has no value and will never have any value. So no need to accumulate it.

Just my 2 cents Shaa.


Modified: according to the Admin: (copy and pasted his words)

"Use them to try out apps in shm n/w u may get some tokens that are worth once mainnet is launched"
Re: Crypto Currency Investors Thread by nnamdi640: 1:55pm On Jul 03, 2022
Mayorsky07:
Thanks bro, I received the 100SHM but what can I do with it
Hold it until it is listed then you swap to a coin you can easily sell on p2p eg usdt
Re: Crypto Currency Investors Thread by Ballzproblemm: 2:12pm On Jul 03, 2022
ElectronicMoney:


KuCoin CEO Johnny Lyu has denied this

https://cointelegraph-com.cdn.ampproject.org/v/s/cointelegraph.com/news/kucoin-ceo-slams-insolvency-rumors-citing-no-plan-to-halt-withdrawal/amp?amp_js_v=a6&amp_gsa=1&usqp=mq331AQIKAGwASCAAgM%3D#aoh=16568316180804&csi=0&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fkucoin-ceo-slams-insolvency-rumors-citing-no-plan-to-halt-withdrawal
ok nice
Re: Crypto Currency Investors Thread by Ballzproblemm: 2:13pm On Jul 03, 2022
facts

Re: Crypto Currency Investors Thread by Titanium001(m): 2:52pm On Jul 03, 2022
moshuur:

U av good intention but I don't really agree with this ur recommendation (he'll always av question....later on, it might lead to very irritating questions. Although we'll cut him some slack).
so if we're to go by ur advice, it better he

1) download binance/kucoin, then watch YouTube videos on how to use binance

2) start reading this thread from previous pages (if he can start from 1, no wahala).

That's will save us all a lot of unnecessary questions (that questions wey he wan ask, it most likely someone don ask d same question at d previous pages).

If we should recommend that every newbie should just download binance...then we'll put him/her tru all d steps, trust me we'll all get irritated by subsequent questions.

Wagmi
You no lie, baba. Was just touched by his drive at such young age, and got a bit sentimental. I see him succeeding either way tho
Re: Crypto Currency Investors Thread by solreb: 2:57pm On Jul 03, 2022
Kingsteve:


I believe it's the same as limit buy and sell order.

You set the price at which you intend to buy and sell, once price hits those spots, it automatically gets filled.

The challenge with using limit buy orders is that sometimes it won't reach the designated price level, then prices start going up again.

Thanks for the positive contribution.
It is a combination of limit orders (several of them will be opened by the system automatically within the lower and upper prices you set). See the screenshots of FLM I setup 3 days ago with 250 USDT at x20 cross on Futures. I picked Neutral it trades in either direction. At the setup you can start with the market order for the first trade (or a limit order) after which the system will continue to buy and sell within the price limits. You can see that I have made $70 (28%) on the $250 in the last 3 days it has been running. If I see an unusual movement in FLM that will hurt my trade I can end it immediately. I expect FLM to be range trading with no serious up or down movement. Then I will be good

8 Likes

Re: Crypto Currency Investors Thread by Realboygenius(m): 3:20pm On Jul 03, 2022
Lordsagna:
Good afternoon investors... I'm an avid follower of this thread just reaching this page today... I'm a 200 lvl student and i'm interested in trading cryptocurrency what's the minimum amount of money I can start with?... I've downloaded trust wallet and someone said I should buy coin from binance.... but I don't understand how to buy and also the coin to buy he said they are over 1000 coins... pls which of the coin can I buy today....I have like 6-7k wey I use start.

Pls I don't understand anything about crypto before.

Before investing
It's important that you learn basics first.
You can use Yellowcard academy.
Re: Crypto Currency Investors Thread by Realboygenius(m): 3:22pm On Jul 03, 2022
Ballzproblemm:
facts

Bitcoin is still very much decentralize.

Re: Crypto Currency Investors Thread by Realboygenius(m): 3:28pm On Jul 03, 2022
Ibime:
Before you ask, is it time to buy, keep in mind that a bear market typically lasts for 2 years from peak to bottom. That means we are not yet at the bottom going by antecedent. Pull up the chart for the S&P500 for 1989 to 1992, 2000 to 2002 and 2008 to 2010 and confirm for yourself..I have highlighted them below.

My strategy remains to short resistance at extremely low leverage, and not do any buying or longing. Since crypto futures trading is banned in my country of residence, I have been doing this on the Nasdaq100 at 5x leverage for the last two months. That leverage is purposeful because it rules out the risk of being margin-called. The returns are not amazing, about 10% per month but are in line with my goals to preserve capital as first goal and to double my capital over the next two years as my second goal. I plan to return to buying crypto sometime in late 2023 or 2024.

The nature of a bear market is such that price drops suddenly on bad news and then will hold a level for a while without breaking through any resistance, and will either slowly unwind down or breakdown suddenly at the next bad news. For the Nasdaq100 currently, I set ladder shorts at every hundred points from 11,600 to 12,200. Price will never break above 13,300 in this market which is what it will take for me to get margin-called at 5x. I like predictability, and Nasdaq is the most predictable asset class because it is full of speculative stocks which got overvalued the most from the zero interest rate environment of the pandemic, and it has no petroleum or commodity selling companies whose value goes up with war, and could buck the general downward trend. Almost every company in Nasdaq will be going down, and it fits perfectly the "trend is your friend" approach.

For Bitcoin, I see us playing the $18k to $22k level for a while and then breaking down to the next zone. If you are swing trading, it is always safer to short from the $20.5k to $22k level than to long from the $18 to $19k level, ensuring you keep a leverage that will not get you stopped till $26k. Even at that, using not more than 20% of capital at any time. I would never long this market. It's just safer. Now is not the time to get rich but to make small steps of progress in increasing your trading funds, so you have more capital ready for the next bull market.

One more thing to bear in mind is that crypto has never been part of a macro-bear. The general stockmarket and economy has been on an uptrend since 2010 when Bitcoin came into being. All Bitcoin bear markets have been local to crypto, not the general economy. This is the first time Crypto will go through a bear caused by macro-economic conditions outside of Crypto.

This is very insightful
Thank you for sharing.

2 Likes 1 Share

Re: Crypto Currency Investors Thread by Allsmilez999: 3:28pm On Jul 03, 2022
ElectronicMoney:


KuCoin CEO Johnny Lyu has denied that KuCoin is insolvent

https://cointelegraph-com.cdn.ampproject.org/v/s/cointelegraph.com/news/kucoin-ceo-slams-insolvency-rumors-citing-no-plan-to-halt-withdrawal/amp?amp_js_v=a6&amp_gsa=1&usqp=mq331AQIKAGwASCAAgM%3D#aoh=16568316180804&csi=0&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fkucoin-ceo-slams-insolvency-rumors-citing-no-plan-to-halt-withdrawal

1 Like

Re: Crypto Currency Investors Thread by Realboygenius(m): 4:02pm On Jul 03, 2022
Lordsagna:

Okay ma'am, do I need to buy books on coin I want to buy ? ...are those things that complex?

No
You just have to learn on the right platform.

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