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Crypto Currency Investors Thread - Investment (3282) - Nairaland

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Re: Crypto Currency Investors Thread by dukeo(m): 5:25pm On Aug 20, 2023
GRACEGLORY:
Here's one for some of us that are trying to learn the charts.


SUPPORT & RESISTANCE IN CRYPTO


Support is a price level that, when seen horizontally, is anticipated to hold or restrain a declining asset's price. Resistance, on the other hand, is a price level that stops an asset's value from rising. Asset purchase and sale decisions are aided by support and resistance indicators.

HOW TO FIND SUPPORT AND RESISTANCE


Support and resistance levels can be identified by simply using horizontal lines, trendlines, moving averages, and other techniques and tools.


This technique is used to make money be it in bear or bull market by buying at support, and selling at resistance.

The picture attached gives us a pictorial illustrations.






We're not all gamblers
i wish i can take a course with you on this embarassed

1 Like

Re: Crypto Currency Investors Thread by Bet9jaVirtual: 7:00pm On Aug 20, 2023
GRACEGLORY:
Here's one for some of us that are trying to learn the charts.


SUPPORT & RESISTANCE IN CRYPTO


Support is a price level that, when seen horizontally, is anticipated to hold or restrain a declining asset's price. Resistance, on the other hand, is a price level that stops an asset's value from rising. Asset purchase and sale decisions are aided by support and resistance indicators.

HOW TO FIND SUPPORT AND RESISTANCE


Support and resistance levels can be identified by simply using horizontal lines, trendlines, moving averages, and other techniques and tools.


This technique is used to make money be it in bear or bull market by buying at support, and selling at resistance.

The picture attached gives us a pictorial illustrations.






We're not all gamblers

Let me correct something!
You sell at the break of support and buy at the break of resistance.

Because support once broken turns resistance
And resistance one broken turns support!

3 Likes 1 Share

Re: Crypto Currency Investors Thread by Nobody: 7:20pm On Aug 20, 2023
10kgod:


Besides pyypl...

You can also download Gotok and get your USD card. Fund it from BINANCE or fund it through Solana blockchain (USDC)
I checked Gotok on playstore I could not find it

Where can I download it and can u show a screenshot of the Gotok app
Re: Crypto Currency Investors Thread by Hero2t: 7:42pm On Aug 20, 2023
Jantuuu:
I checked Gotok on playstore I could not find it

Where can I download it and can u show a screenshot of the Gotok app
Gotok is no longer in business. They stopped their services in June.

3 Likes

Re: Crypto Currency Investors Thread by IyaTola: 7:45pm On Aug 20, 2023
Difference Between Total Supply vs Circulating Supply vs Max Supply ?

Total Supply, Circulating Supply, and Max Supply are crucial concepts in the world of cryptocurrencies, each offering distinct insights into a digital asset's characteristics.

Total Supply : This refers to the overall quantity of coins or tokens that a cryptocurrency protocol has the potential to generate. It encompasses all coins that have already been mined and those yet to be mined. However, it might include coins that are locked, unreleased, or reserved for various purposes. Total Supply provides a broad view of the asset's potential availability.

Circulating Supply: This represents the number of coins or tokens that are currently accessible and actively circulating in the market. It excludes coins held in reserve, locked, or otherwise not available for trading. Circulating Supply gives a more accurate reflection of the asset's liquidity and how much is readily tradable.

Max Supply : Max Supply is the upper limit of the number of coins or tokens that will ever exist within a cryptocurrency's protocol. Once this limit is reached, no more coins will be created. Max Supply sets an ultimate cap on the availability of the asset and plays a role in determining its scarcity and potential long-term value.

Understanding the distinctions between these supply metrics is essential for evaluating the market dynamics, investment potential, and fundamental attributes of a cryptocurrency.

3 Likes 2 Shares

Re: Crypto Currency Investors Thread by GRACEGLORY: 9:44pm On Aug 20, 2023
Bet9jaVirtual:


Let me correct something!
You sell at the break of support and buy at the break of resistance.

Because support once broken turns resistance
And resistance one broken turns support!


Yes, that's correct. That's another tactic to it using range trading.

Finding entry and exit points in consolidating markets, markets that are continuously fluctuating between two established lines of support and resistance which is the goal of range trading.

Using range trading, you can buy at support (strong) support, and sell at resistance (strong resistance) knowing or in the hope that the support won't break, nor the resistance for the time being within the range. And just as you have rightfully stated too, You sell at the break of support and buy at the break of resistance.


I personally appreciate your input, please, endeavour to contribute further. 🙏🏽🙏🏽🙏🏽

1 Like

Re: Crypto Currency Investors Thread by GRACEGLORY: 9:48pm On Aug 20, 2023
IyaTola:
Difference Between Total Supply vs Circulating Supply vs Max Supply ?

Total Supply, Circulating Supply, and Max Supply are crucial concepts in the world of cryptocurrencies, each offering distinct insights into a digital asset's characteristics.

Total Supply : This refers to the overall quantity of coins or tokens that a cryptocurrency protocol has the potential to generate. It encompasses all coins that have already been mined and those yet to be mined. However, it might include coins that are locked, unreleased, or reserved for various purposes. Total Supply provides a broad view of the asset's potential availability.

Circulating Supply: This represents the number of coins or tokens that are currently accessible and actively circulating in the market. It excludes coins held in reserve, locked, or otherwise not available for trading. Circulating Supply gives a more accurate reflection of the asset's liquidity and how much is readily tradable.

Max Supply : Max Supply is the upper limit of the number of coins or tokens that will ever exist within a cryptocurrency's protocol. Once this limit is reached, no more coins will be created. Max Supply sets an ultimate cap on the availability of the asset and plays a role in determining its scarcity and potential long-term value.

Understanding the distinctions between these supply metrics is essential for evaluating the market dynamics, investment potential, and fundamental attributes of a cryptocurrency.



IyaTola
I personally appreciate your input, please, endeavour to contribute further. 🙏🏽🙏🏽🙏🏽

3 Likes

Re: Crypto Currency Investors Thread by Nobody: 7:42am On Aug 21, 2023
Hero2t:

Gotok is no longer in business. They stopped their services in June.
thanks

No wonder I was having issue registering after given authentication code

So boss, how do u then fund your card for online purchase
Re: Crypto Currency Investors Thread by wittywriter: 8:00am On Aug 21, 2023
NikeMi1:
Please buy my shares on friendtech
Here are codes to register:
ft-3tlknzc0
ft-99jb842s
ft-y0xuoi1d
ft-rem5jdea
ft-99jb842s

Hi dearie...are you open to joining a team of blockchain / Metaverse Realtors? If yes then kindly quote me on a dead thread.

Wittyness

1 Like 1 Share

Re: Crypto Currency Investors Thread by 10kgod(m): 8:21am On Aug 21, 2023
Jantuuu:
I checked Gotok on playstore I could not find it

Where can I download it and can u show a screenshot of the Gotok app

Their app still dey playstore. But their recent update on twitter/X is not ok. Seems they are having probl*m. You can check it here https*://*twitter.*com/gotokhq
Re: Crypto Currency Investors Thread by LikeAking: 9:28am On Aug 21, 2023
Time for alts.
Re: Crypto Currency Investors Thread by Runup: 12:10pm On Aug 21, 2023
NikeMi1:
Please buy my shares on friendtech Here are codes to register: ft-3tlknzc0 ft-99jb842s ft-y0xuoi1d ft-rem5jdea ft-99jb842s
Re: Crypto Currency Investors Thread by Runup: 12:10pm On Aug 21, 2023
NikeMi1:
Please buy my shares on friendtech Here are codes to register: ft-3tlknzc0 ft-99jb842s ft-y0xuoi1d ft-rem5jdea ft-99jb842s
What's it about
Re: Crypto Currency Investors Thread by LikeAking: 12:51pm On Aug 21, 2023
If you want to make it in crypto, start hunting for crypto’s built on a the base block chain.

If you feel you know too much then ignore.

3 Likes

Re: Crypto Currency Investors Thread by gamaliel9: 2:04pm On Aug 21, 2023
LikeAking:
Time for alts.


Not yet...we are entering the last deepest of the dip in the bear market...down the home stretch....

1 Like

Re: Crypto Currency Investors Thread by LikeAking: 2:12pm On Aug 21, 2023
gamaliel9:


Not yet...we are entering the last deepest of the dip in the bear market...down the home stretch....

If alts fail to pump, then we are heading for a long time bear market.

1 Like

Re: Crypto Currency Investors Thread by twosquare(m): 2:20pm On Aug 21, 2023
NVDA wink wink smiley

stock market

50-50 kiss kiss

Earning reports Wednesday...price may start shooting up before then (currently at $432). Market will open up in less than 10 minutes...place your order beforehand.

Remember I called out Amazon last month or so.
Re: Crypto Currency Investors Thread by Knetpro(m): 2:43pm On Aug 21, 2023
Cryptocurrency is good.

But, you need ax expert guide to succeed with it.
Re: Crypto Currency Investors Thread by IyaTola: 2:51pm On Aug 21, 2023
What is #CPI ?

A Consumer Price Index (or CPI) is a type of index: a basket of assets whose price is tracked to gain insights into market segments. Examples of indices include the S&P 500, the NASDAQ Composite, and the DJIA (all of which measure the performance of the major stocks).
There’s no single CPI – the term refers to any type of index designed to track the prices of consumer goods, services, and household products. Suppose that we have a basket made up of the following expenses: groceries, hygiene products, travel costs, rent, etc. Basically, we can do this with anything you’d expect the average consumer to spend on.

We’ll note down the total cost of the items in that basket, typically using weighted averages to give more “weight” to more important items. Then we’ll note the year/month/period, too. By doing this at set intervals, we can get an idea of how the index is performing over time.



Why is CPI used?

A Consumer Price Index is a powerful benchmark for measuring developments in the economy. Specifically, it’s used to monitor the impact of inflation or deflation. This is useful for many reasons – governments can gain insights into their monetary policy decisions and calculate how much should be given to those with subsidized incomes.

2 Likes 1 Share

Re: Crypto Currency Investors Thread by Johnn44: 8:37pm On Aug 21, 2023
NikeMi1:
Please buy my shares on friendtech
Here are codes to register:
ft-3tlknzc0
ft-99jb842s
ft-y0xuoi1d
ft-rem5jdea
ft-99jb842s


Hmmmn, seems this is latest thing in town. ❤



Na so una use solana running shoes and running shoes GMT and walking/trekking $weatcoin take disturb this thread that year. Till e later catch huna stop.



Which one be this friend tech when dey reign now? Saw it on cointelegraph news.Dude is already raking billioms from trading fees.😎

2 Likes 1 Share

Re: Crypto Currency Investors Thread by narite: 11:09pm On Aug 21, 2023
Everything has turned into Dust.
Re: Crypto Currency Investors Thread by seanwilliam(m): 6:17am On Aug 22, 2023
narite:
Everything has turned into Dust.
For dust you are, and to dust you shall return” (NKJV) Gen 3:19

😀😀

4 Likes 1 Share

Re: Crypto Currency Investors Thread by OgogoroFreak(m): 8:10am On Aug 22, 2023
narite:
Everything has turned into Dust.
That's why you should buy only bitcoin. Alts are trash. You all will learn the hard way.

3 Likes 1 Share

Re: Crypto Currency Investors Thread by Robnectar(m): 10:01am On Aug 22, 2023
Join the overline network and earn ocash worth of 5USDT

https://overline.network?a=msftJSboZVmb
Re: Crypto Currency Investors Thread by twosquare(m): 10:09am On Aug 22, 2023
Just when I thought of OgogoroFreak this morning, that he will soon start with his campaign. grin grin

In other news, stay away from traditional cryptos for now like BTC, ETH, LTC, Shiba Inu, etc...They won't make you money (will still bleed more)....go for the non-conventional ones...

3 Likes

Re: Crypto Currency Investors Thread by Smithwilliams826: 12:18pm On Aug 22, 2023
OgogoroFreak:
That's why you should buy only bitcoin. Alts are trash. You all will learn the hard way.
Not all alt.
Re: Crypto Currency Investors Thread by OgogoroFreak(m): 1:10pm On Aug 22, 2023
Smithwilliams826:

Not all alt.
Any alt it didn't touch this period, it will touch it later or when it's time comes.

If you are buying alts and your total in btc does not increase, you are investing backwards. You should use alt to increase your btc.

5 Likes

Re: Crypto Currency Investors Thread by DangoteIvy: 1:26pm On Aug 22, 2023
gamaliel9:
We are entering into deeper waters cool Hoist the flags wink
grin
Re: Crypto Currency Investors Thread by DangoteIvy: 2:05pm On Aug 22, 2023
Bitcoim BTC halving event APRIL 2024. cool Hopefully, BTC reaches a new ATH price of $150 000 after halving event.
Re: Crypto Currency Investors Thread by Chikacha: 3:22pm On Aug 22, 2023
OgogoroFreak:
Any alt it didn't touch this period, it will touch it later or when it's time comes.

If you are buying alts and your total in btc does not increase, you are investing backwards. You should use alt to increase your btc.

No. Too soon.

You have a good concept but displaced in time.
We should all know by now that the 3 best cryptos will not make us rich, they can only double to quadruple our money.

So, now is when we need to be buying the ALTs. We buy them here and there, then we sell the ones that survive in the bull market. Use those gains to increase our BTC holdings... and repeat.

Meaning that we lose a turn in trading BTC, ETH, and BNB this circle, buying only with 25 to 50% of our capital. Our major focus should be DCAing into things with good fundamentals... all ALTs cannot die.
We start DCAing out exactly 1 year after the halving.
We wait for a year from the next sign of bear market and then that is when we start increasing our BTC holding.
The above is the formula. it is in the charts. I never met a crypto millionaire that failed with this plan



There is one very dangerous formula. People have plans to DCA only into BTC, ETH, and BNB, then hold it to new ATH, sell it and DCA into ALTs in the middle of the bull market. Over 80% of people lose their gains with this one.

2 Likes

Re: Crypto Currency Investors Thread by OgogoroFreak(m): 3:46pm On Aug 22, 2023
Chikacha:


No. Too soon.

You have a good concept but displaced in time.
We should all know by now that the 3 best cryptos will not make us rich, they can only double to quadruple our money.

So, now is when we need to be buying the ALTs. We buy them here and there, then we sell the ones that survive in the bull market. Use those gains to increase our BTC holdings... and repeat.

Meaning that we lose a turn in trading BTC, ETH, and BNB this circle, buying only with 25 to 50% of our capital. Our major focus should be DCAing into things with good fundamentals... all ALTs cannot die.
We start DCAing out exactly 1 year after the halving.
We wait for a year from the next sign of bear market and then that is when we start increasing our BTC holding.
The above is the formula. it is in the charts. I never met a crypto millionaire that failed with this plan



There is one very dangerous formula. People have plans to DCA only into BTC, ETH, and BNB, then hold it to new ATH, sell it and DCA into ALTs in the middle of the bull market. Over 80% of people lose their gains with this one.
I will have to leave you to learn the hard way.

I don't buy alt and would NEVER buy alt but who ever does, should only be interested in using it to increase their btc.

I saw a post by a guy on this thread (attached) far back 2021, that said he built a house by hodling btc. Btc! Not alt o.

Then, same guy started to trade alts. I can bet my networth that he is currently losing serious money waiting for what you people call bull run.

If at all the so called bull run would come, most if not all of you would have sold your alts along the road in what you call TP.

1 Like

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